CFPB Monitor

NOVEMBER 7, 2022

The OCC’s announcement that it will establish an Office of Financial Technology to “bolster the agency’s expertise and ability to adapt to a rapidly changing banking landscape” should come as no surprise to those who have been following recent pronouncements of Acting Comptroller Michael J.

Financial Technology 78

Financial Technology Technology Fintech Innovation 78

Insights on Business

APRIL 28, 2017

Banking products and services were defined and controlled by the bank. Recently, new digital technologies – driven by cloud, mobile, social media and analytics – have significantly lowered entry barriers and put customers much more at the center of the banking relationship.

Digital Banking 171

Digital Banking User Experience Branding social media 171

FICO

MAY 18, 2023

The innovative pay-as-you-go solution allows Dock’s clients, including banks, fintechs, and retailers, to intercept fraudulent transactions and protect their operations, while also improving the user experience. Currently, Dock has 250 clients that use FICO technologies to fight fraud.

Fraud 52

Fraud Technology social media Innovation 52

Abrigo

DECEMBER 17, 2021

Components of an effective fintech partnership If leveraging new technology is a priority for your FI, ensure these three elements are present for an effective fintech partnership. . Takeaway 1 Having a cohesive vision from the top down is critical to a culture of innovation and the successful adoption of new software. .

Fintech 195

Fintech How To Innovation System 195

Chris Skinner

MAY 17, 2017

In fact, I would be amazed if anyone who reads my blog could honestly say that digitalisation doesn’t change their business model. After all, the business model of banks was built for face-to-face interactions backed up by paper documentation; the business model of digital banks is for device-to-device interactions backed up by data.

Leadership 321

Leadership United States Survey Conference 321

Accenture

APRIL 4, 2017

Storm clouds are gathering over the banking industry in the form of a fragmenting value chain, rapid migration to digital channels, encroaching financial technology firms, and open banking regulations. As human interactions become rarer in banking, the importance of each one going well increases.

Technology 157

Technology Trends Survey Customer Experience 157

CFPB Monitor

SEPTEMBER 6, 2022

I am pleased to share with our blog readers that Kristen Larson, an attorney with almost two decades of in-house experience advising midsized and large national banks on financial services matters, has joined Ballard Spahr’s Consumer Financial Services Group. She will be a regular contributor to our blog.

Groups 78

Groups Minneapolis National Lending 78

Chris Skinner

MAY 12, 2017

Here’s what they published: ‘The clock is ticking for Pakistan’s legacy banks,’ Chris Skinner, global fintech expert An independent commentator on financial markets and fintech through his blog, the Finanser.com, Chris Skinner is one of the biggest names in fintech today. We are seeing big changes to encourage innovation.

Regulation 255

Regulation Capital Fintech Innovation 255

FICO

JULY 7, 2022

Why FICO Won Best Technology Provider for Data Analytics. The awards, presented by Credit Strategy, are sometimes described as the “Oscars of the credit industry” for EMEA, recognizing innovation and performance. The FICO team were delighted to pick up the award for Best Technology Provider for Data Analytics at this black-tie event.

Analytics 52

Analytics Technology Data Strategy 52

William Mills

SEPTEMBER 12, 2017

William Mills Agency will be live blogging at FinovateFall 2017. Digital banking solutions for community banks and credit unions. A turnkey solution incorporating CRM, invoicing and payments into a simple solution for the business delivered through the bank’s digital banking solution.

Samsung 69

Samsung Mobile User Experience Google 69

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. Over the past couple of. Read more.

Compliance 190

Compliance Innovation Fintech Technology 190

Accenture

DECEMBER 8, 2020

This series of blogs looks at the future of banking in Growth Markets in a post-COVID-19 world. We know digitally mature banks comprehensively outperform their peers, and that’s reason enough for those lagging on the digital curve to start transforming themselves.

System 386

System Marketing Analytics Digital Banking 386

Chris Skinner

MAY 25, 2016

I’ve been presenting a summary of Digital Bank and ValueWeb for a few months now. It is the story of the origins of moneykind and, as many have now heard the story, I thought it’s about time to share this on the blog. If you have half an hour free, then you can watch the presentation.

Digital Banking 279

Digital Banking blockchain Innovation Technology 279

Accenture

JUNE 17, 2019

For banks to take full advantage of the opportunities brought by Open Banking—from monetizing data to banking-as-a-platform—to grow their business, they will need to embrace and infuse Open Banking technologies into their operations. Read the report.

Customer Experience 153

Customer Experience Operations System Software 153

Chris Skinner

SEPTEMBER 11, 2017

I’m making a presentation on cybersecurity this week at our Nordic Finance Innovation meetings. You’ll all know about … The post The imperative for self-sovereign identification (get lost Equifax) appeared first on Chris Skinner's blog.

Meeting 295

Meeting Innovation Case Study Study 295

Chris Skinner

FEBRUARY 8, 2018

In my blog yesterday, I talked about the technology titans being liked and potentially trusted with money, but I still don’t think they will open full-service banking. Instead, I think they will focus upon full-service information.

Technology 284

Technology Digital Banking Innovation Fintech 284

Chris Skinner

MAY 2, 2018

I was recently interviewed by the highly innovative German bank Wirecard the other day, for their blog.

System 289

System Payments Innovation Digital Banking 289

Chris Skinner

JULY 22, 2020

McKinsey expect that cloud usage will rise from less than a quarter of banks business being cloud-based to … The post Hey bank, get onto my cloud! appeared first on Chris Skinner's blog.

Google 488

Google National Digital Banking Innovation 488

Chris Skinner

SEPTEMBER 22, 2017

I was asked to explain what I meant by haven’t central bankers realised that democratised trust is in the technologies and code? when I blogged about the regulator’s views on bitcoin the other day. appeared first on Chris Skinner's blog.

Bitcoin 263

Bitcoin Technology Digital Banking blockchain 263

Chris Skinner

SEPTEMBER 1, 2017

Before 2010, I was writing a lot about technology but it was all heavily geared towards regulations. … The post Slow regulations versus fast tech appeared first on Chris Skinner's blog. It was pretty dull, to be honest, but worthy. I wrote a lot about regulations.

Regulation 343

Regulation Technology Digital Banking Innovation 343

Chris Skinner

MARCH 17, 2017

Interestingly the process also reflects the spirit of the previous administration’s advisory paper that recommended the spirit of how the government should see Fintech, as blogged about in January. The OCC made this determination based on its work assessing the role of innovation in banking.

Apple 307

Apple Innovation Fintech United States 307

Chris Skinner

AUGUST 21, 2018

I’ve been thinking for a while now about building a new financial system from the ground up using AI, blockchain, the Internet of Everything and other technologies. I guess the piece that inspired a lot of my thinking came from two … The post The future financial world is here appeared first on Chris Skinner's blog.

blockchain 326

blockchain System Technology Digital Banking 326

Chris Skinner

JULY 21, 2017

The pedestrian replies: “oh, if you want to get there, I wouldn’t start from here”, and this is exactly how banks feel today. They want to get to the nirvana of new technologies, but are stuck in a spaghetti of old systems. It is almost like banking in an apps store. Not bad for a six-year-old start-up.

Fintech 361

Fintech System Apple Technology 361

Chris Skinner

MARCH 7, 2018

Everyone got very excited a few years ago about blockchain technologies, the ledger system that was spawned by the arrival of bitcoin in 2009. appeared first on Chris Skinner's blog. I recently wrote an article for Bloomberg’s Business Week, and thought it worth sharing with y’all here: What’s next for blockchain?

blockchain 327

blockchain Bitcoin System Technology 327

Chris Skinner

AUGUST 18, 2017

What I mean by this is that they talk about technology in a very different way … The post How often does your bank refresh its apps and architecture? appeared first on Chris Skinner's blog. They all seem to have one thing in common: refreshment.

Fintech 309

Fintech Technology Digital Banking Innovation 309

PYMNTS

NOVEMBER 17, 2020

Biz2Credit's technology can also enhance underwriting to mitigate risk even further for the financial institution (FI), it said. In a statement , HSBC Bank USA Head of Retail Business Banking Shaun McDougall said fueling the SMB community is important to support the broader U.S. Railsbank Lands Funding For BaaS.

Fintech 247

Fintech Alabama Lending Software 247

Chris Skinner

APRIL 23, 2017

A summary of the main blogs of the week … Arguing with a banker … A banker and I were talking about the function of a bank. The more I think about … An interview with yours truly on today’s issues for banks I was recently asked a set of questions by.BANK and duly answered.

America 184

America Leadership Maine blockchain 184

Chris Skinner

MARCH 26, 2018

I’ve been flying around a bit and was lucky enough to find myself onstage the other day, chairing the Ant Financial Technology Forum at Money20/20 Singapore.

Strategy 290

Strategy blockchain Financial Technology Technology 290

Chris Skinner

AUGUST 8, 2017

The pitch focused upon how the CFO would be managing risk, incorporating different technologies, managing M&A, dealing with globalisation and so on and so forth. I couldn’t … The post Your CFO is an algorithm appeared first on Chris Skinner's blog.

Groups 289

Groups Management Technology Digital Banking 289

Chris Skinner

JANUARY 19, 2020

When The Financial Times does what they’re good at – covering financial markets and not technology – then they do produce some fascinating content. The bank’s latest results are stunning, with the fourth-quarter profit soaring to $8.52 … The post JPMorgan Chase: First Among Equals appeared first on Chris Skinner's blog.

Technology 280

Technology Marketing Case Study Study 280

Chris Skinner

APRIL 13, 2017

From Wikipedia: The technological singularity (also, simply, the singularity) is the hypothesis that the invention of artificial superintelligence will abruptly trigger runaway technological growth, resulting in unfathomable changes to human civilization. The question here being: When will achieve the Singularity?

Technology 283

Technology Software Groups Innovation 283

Chris Skinner

MAY 24, 2017

Banks must ensure that they simulate their financial innovations properly in the future if we are to avoid another meltdown.BANK: Fintech startups and technology firms are introducing new banking innovations regularly – from mobile payments to app-only virtual banks.

Innovation 260

Innovation Fintech Regulation Course 260

Chris Skinner

SEPTEMBER 18, 2017

As part of the blockchain conference, I chaired a session with some central bankers talking about their views on distributed ledger technologies. These central banks have run trials and are thinking about it, but none of them are particularly big on blockchain right now.

Bitcoin 296

Bitcoin blockchain Conference Regulation 296

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. Both are alumni of our FinTech Innovation Lab. appeared first on Accenture Banking Blog.

Compliance 150

Compliance Regulation Innovation Fintech 150

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. Both are alumni of our FinTech Innovation Lab. appeared first on Accenture Banking Blog.

Compliance 150

Compliance Regulation Innovation Fintech 150

Chris Skinner

APRIL 13, 2018

I don’t often blog about investment banking as it bores my readers who are cool and trendy retail bankers and geeks, mainly, but keep coming back to this article about JPMorgan’s Best Execution AI engine, LOXM.

Maine 360

Maine Retail Digital Banking Innovation 360

Chris Skinner

JUNE 14, 2017

I regularly blog about the same subject, namely CHANGE YOUR CORE SYSTEMS. Banks do a great job of not listening to me, but that’s because they’ve caught themselves in Catch 22: screwed if I change them and screwed if I don’t. 94% of the C-Suite team of banks are bankers with no background or experience of technology.

System 282

System Technology Course How To 282