Chris Skinner

OCTOBER 24, 2016

I spotted a lengthy, but very insightful post, on LinkedIn the other day by Ben Robinson, Chief Strategy and Marketing Officer for Temenos. I don’t usually highlight such pieces, but felt this worth replicating here, and Ben kindly agreed. Enjoy … Four banking business models for the digital age Digitization of the banking industry is … The post Four banking business models for the digital age appeared first on Chris Skinner's blog.

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Strategy Industry Marketing Digital Banking 329

Bank Innovation

OCTOBER 24, 2016

Today Mastercard announced that it will be partnering with Microsoft, Google, and Samsung in order to integrate its Masterpass network with those digital wallets — so users of Google Wallet, Android Pay, or Samsung Pay can shop online wherever Masterpass is accepted, starting in early 2017. “Once the consumer opts Read More.

Samsung 276

Samsung Google Online Mobile 276

Chris Skinner

OCTOBER 24, 2016

It’s the end of the first full day of Money 20/20 2016, and it’s been a mixed day starting with a surprisingly packed room for my discussion with Moven, Simple and ING about digital banking. The story of the fish seemed popular (see last week’s blog). Banks are like this fish. @Chris_Skinner #Money2020 pic.twitter.com/iHsR6PiQY7 — … The post Jack Dorsey, Vitalik Buterin, Chris Skinner and all things #Money2020 appeared first on Chris Skinner's blog.

Digital Banking 319

Digital Banking blockchain Technology Fintech 319

Bank Innovation

OCTOBER 24, 2016

Third quarter venture capital fundings continued to fall in the third quarter, but there’s a hint of optimism as the year comes to an end and the market for initial public offerings thaws. According to data from KPMG Enterprise and CB Insights, global financings fell 14% in the third quarter from Read More.

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Fintech Capital Data Marketing 260

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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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Accenture

OCTOBER 24, 2016

We’ve partnered with Lloyds Bank on its UK Business Digital Index (BDI) for the last three years. It’s a fascinating project, tracking the digital maturity of SMEs and charities year-on-year across the country. We all know large companies are embracing. Read more.

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National Company Banking Trends Trends 213

Bank Innovation

OCTOBER 24, 2016

Yesterday the payments network formerly known as clearXchange, a product offered by Early Warning, officially re-branded itself as Zelle. The announcement was made by Early Warning’s president and CEO Paul Finch as he strode onto the Money20/20 stage wearing a polo with the brand–Zelle–proudly embroidered in white. The Zelle network will Read More.

Branding 174

Branding Payments Online Mobile 174

PYMNTS

OCTOBER 24, 2016

Toasting new employment? Odds are increasingly good that you may be clinking your glass over your latest gig. The number of Americans working gig jobs — or short-term, ad hoc positions — grew at a rate of 50 percent from 2005 to 2010, while the gig economy gained 9.4 million new workers, outpacing the U.S. economy as a whole. But there is still much not known about this rapidly expanding portion of the economy, as the Bureau of Labor Statistics stopped collecting data on gigs in 2005 and won’t b

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Survey Study Software Data 191

Chris Skinner

OCTOBER 24, 2016

Things we’re reading today include … Italy’s Monte dei Paschi set to approve business plan Sweden holds out olive branch to Brexit Britain The eurozone is turning into a poverty machine Four reasons why banks won’t leave the City of London after Brexit Treasury promotes Brexit mandarin Katharine Braddick to negotiate for the finance industry … The post Things worth reading: 25th October 2016 appeared first on Chris Skinner's blog.

Industry 174

Industry 174

PYMNTS

OCTOBER 24, 2016

Coyote, bobcat, armadillo and … human skulls. Perhaps counterintuitively, Skulls Unlimited , a company that sells skulls — yes, animal and human skulls — sees its biggest uptick in purchases closer to Christmas, rather than before Halloween. “This time of year, we start getting in more orders. Halloween, not as much, but most people looking for Halloween decorations quickly realize that we’re not offering skulls for that purpose,” said Josh Villemarette , co-owner and son of the fou

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Company Oklahoma City Oklahoma Cards 179

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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

Report

South State Correspondent

OCTOBER 24, 2016

When it comes to dealing with commercial property, understanding the timing of liquidation in relationship to a loan’s maturity and the time of default is important on several levels. Knowing the data allows banks to make better loan pricing and loan workout decisions. For example, loss severity is greater for loans with 75% loan-to-value (LTV) than with 100% LTV.

Examples 150

Examples Data 150

PYMNTS

OCTOBER 24, 2016

Given the shift from traditional payment methods to alternative payments, such as digital wallets, not to mention the growing number of customers paying for goods and services using their mobile devices, there is clearly room for steadier, sizable growth in mobile wallet adoption. But what will it take for widespread adoption to take place? The answer, as it turns out, may actually lie within merchant eCommerce experiences rather than the wallets themselves.

UX 164

UX Mobile Apple Trends 164

Payments Source

OCTOBER 24, 2016

Money20/20 is the world's biggest, boldest and best event covering payments and financial services innovation for connected commerce at the intersection of mobile, retail, marketing services, data and technology.

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Innovation Retail Mobile Data 132

PYMNTS

OCTOBER 24, 2016

Picture this: It’s 8 a.m., and instead of waking up to the smell of your smart coffeemaker brewing a nice pot of coffee to start the day, your morning begins with an email from a hacker demanding $20 in bitcoin otherwise they’ll keep your coffee pot hostage until you do. It may sound a bit farfetched, but all you have to do is read the papers to realize that hackers are, literally, taking any connected device and turning it into a bot for their malicious botnet attacks — or holding them hostage

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Security System Data Video 163

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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

Lending

Bobsguide

OCTOBER 24, 2016

“By 2030, technology will drive a fundamental shift in banking. It can move from being hidden to completely invisible. This Invisible Bank will be buried within a broader, more digital, connected way of life. Consumers will interact with a personal digital assistant (perhaps the granddaughter.

Technology 116

Technology 116

PYMNTS

OCTOBER 24, 2016

The FinTech space is oversaturated with talk of blockchain technology. Today, industry players seem to agree that innovators are slowly moving from conceptualization towards testing actual solutions. But late last week, Visa announced that it will be rolling out Visa B2B Connect, a platform for banks to make payments and settle funds across borders using Chain Core, the blockchain infrastructure developed by Chain.

blockchain 161

blockchain Payments Technology System 161

Insights on Business

OCTOBER 24, 2016

We will be gathering in Las Vegas this week for Money20/20. I predict that two of the hot topics at Money20/20 will be the availability of immediate or real-time payments and cyber security. These topics are creating new challenges and opportunities for the financial services community. These technical and business challenges relate to the current legacy banking infrastructure moving from a batch oriented daily process to the need to support 24X7 real-time processing.

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Las Vegas Payments Cyber Security Fraud 106

PYMNTS

OCTOBER 24, 2016

The U.K. has taken some of the most high-profile actions to combat late B2B payments, but it’s a global problem, as the latest research reveals. PYMNTS explores newly released data from across Europe, Asia-Pacific and Africa that uncovers how SMEs and suppliers manage their cash flow amid chronic late payers. Plus, take a look at the top 10 excuses used by companies when paying their suppliers late. 92% of South African SMEs are planning for growth next year , found a new report by the Nat

Payments 161

Payments National Regional Survey 161

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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Let's Talk Payments

OCTOBER 24, 2016

Global FinTech investments have been hitting new record levels QoQ for the past two years. Almost every bank service now has a FinTech alternative. However, having strong technology and a.

Fintech 87

Fintech Trends Report Technology 87

PYMNTS

OCTOBER 24, 2016

John Sculley, former CEO of Apple, has some advice to offer the big financial services firms facing the big digital transition. Speaking at the annual Money 20/20 conference, Sculley’s message was nothing if not dire — he noted that the incumbent financial services firms are in a big race now, and if they can’t keep pace, they’re going to be nonexistent in short order.

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Apple Conference Innovation Google 158

Let's Talk Payments

OCTOBER 24, 2016

FinTech is responsible for a multitude of significant achievements in the financial services industry including the transition from a closed-loop ecosystem to an environment that encourages open innovation, collaborative efforts.

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Fintech Innovation Industry US 86

PYMNTS

OCTOBER 24, 2016

FinTech players are beginning to develop and integrate biometric authentication technologies into digital banking and finance platforms. And while the tool is seen as a more sophisticated way for corporate clients to ensure security in their digital transactions, for some, biometric authentication is too futuristic and complex for real-world use. A new partnership between biometric authentication companies BioConnect and VoiceVault aims to reduce the friction and confusion associated with implem

Security 158

Security Technology Fraud Software 158

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Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.

Compliance

Payments Source

OCTOBER 24, 2016

The experience Thomas Ko gained at Citigroup and Haley Kim's time at Wells Fargo were vital in building Samsung's mobile pay app.

Samsung 95

Samsung Mobile Retail 95

PYMNTS

OCTOBER 24, 2016

Most merchants would never think of consciously turning down sales, but the reality is that retailers who are not accepting myriad payment types are likely doing just that. Customers want to pay the way they want, and consumer preference, these days, is much thicker than their loyalty to businesses unwilling to adopt to ever-emerging options — especially when it comes to online shopping.

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Online Retail Course Trends 156

CFPB Monitor

OCTOBER 24, 2016

Dee Spagnuolo, Brian D. Pedrow and Rogers Stevens. Women in the real estate financing sector have a new opportunity to connect with others in their field and to access and exchange information about the industry. On October 18, the Mortgage Bankers Association (MBA) announced the launch of mPower , a professional networking platform that aims to create “a strong, diverse network of women” in the real estate financial industry.

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Industry Resources Regulation Operations 75

PYMNTS

OCTOBER 24, 2016

Mastercard announced today (Oct. 24) a host of new strategic partnerships to bring online payments capabilities to digital wallets users in the U.S. The company will integrate its digital checkout option, Masterpass , with Android Pay, Samsung Pay and Microsoft Wallet starting early next year. The agreements will allow Mastercard cardholders to use the mobile wallets to shop online at the hundreds of thousands of merchants around the world where Masterpass is accepted.

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Samsung Online Google Innovation 156

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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

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