Sun.Oct 23, 2016

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The Finanser’s Week: 17th October – 23rd October 2016

Chris Skinner

The main blog posts this week were … Who owns the customer in the internet of things? I’ve been talking the internet of things for a while as, after all, The ValueWeb is the internet of value that underpins the internet of things. A key concept of the internet of value is how it supports … The post The Finanser’s Week: 17th October – 23rd October 2016 appeared first on Chris Skinner's blog.

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How the asset management industry is being transformed by fintech

Bobsguide

60% of asset and wealth managers fear losing part of their business to fintech companies, according to PwC’s 2016 Global Fintech Survey. The reality of this fear is being hotly debated in the traditional financial sector currently, as many banking professionals also feel threatened by new.

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Things worth reading: 24th October 2016

Chris Skinner

Things we’re reading today include … Goldman boss ‘scared to death’ of rogue employees Confusion reigns over RBS branch sale amid reports of EU-appointed trustee Italy’s front line in fight to save banks: a storage room China challenges London’s fintech lead Regulators taking another look at costs of Wall Street safety rule Major banks mark … The post Things worth reading: 24th October 2016 appeared first on Chris Skinner's blog.

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EMV's 'full enablement' requires more collaboration

Payments Source

The U.S. migration has passed the one-year mark, but more key dates are on the horizon.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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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The evolution of wealth management requirements in the digital era

Bobsguide

It is without a doubt that the wealth management domain has progressed in every sense over the past years to engulf new technologies in order to accelerate their sales objectives and comply with the regulation. Back in 2012, when Profile Software introduced the first natively developed app for.

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How the cross-border payments boom threatens to leave banks behind

Payments Source

The flow of money between countries is changing, and if banks and merchants get caught unaware, a reliable revenue stream will get shut off like a spigot.

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Ecobank Takes a Step Closer to Reaching Its 100-Million Customer Ambition by Partnering With Mastercard to Roll-Out Masterpass QR Across 33 Countries

Let's Talk Payments

Partnership will shift Africa to instant and secure digital payment solution Lagos, Nigeria – October 20, 2016 – The Ecobank Group has signed a Memorandum of Understanding (MoU) with Mastercard.

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In Canada, a digital ID for payments gets a bigger job

Payments Source

Blockchain and the 'Internet of Things' are enabling a lot of new payments innovation. In Canada, they're part of a huge project that could radically change ID security for more than just payments.

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Why We Invested: VCs On What They Saw Early On In Big-Name Startups

CB Insights

VCs are always on the hunt for the next 10x company, but what draws them in can be anything from a great founder team to product-market fit to a game-changing user interface. Below we highlight quotes from funding announcements, interviews, … Continued.

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The State of Automation in Financial Services 2024 Report

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

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Reading the Tea Leaves at Crane Bank

Bankelele

On October 20, the Bank of Uganda (BoU – the country’s banking regulator) took over (PDF) the management of Crane Bank and stated that: (Crane was( significantly undercapitalised (and) poses a systemic risk to the stability of the financial system (and). in its current form detrimental to the interests of its depositors. BoU appointed a statutory manager […].

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Using Culture + Design To Build a Disruptive Breakthrough Brand

The Financial Brand

Method, a scrappy, irreverent soap brand, offers financial marketers essential lessons in how to disrupt any stodgy, undifferentiated category — even banking.

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Opportunity Knocking: Senior Checking Accounts

Fintech Labs Insights

Despite being AARP-eligible (50+), it took a conversation at Finovate with Theo Lau of AARP ( see her guest post last month ), to understand how poorly banks market to the older population (which just happens to control 83% of the country’s household wealth). Problem 1 : Let’s start with the name. What’s the most common name for accounts geared towards older customers?

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The Invisible Bank of the Future

The Financial Brand

Invisible banking is part of a broader connected way of life, where voice and advanced analytics power digital personal assistants.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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FinDEVr Silicon Valley: Techs on Twitter

Fintech Labs Insights

Not to be outdone by the notoriously clever Tweeters of Finovate, the attendees of FinDEVr Silicon Valley 2016 produced more than their fair share of insights and observations on Twitter during the show. And for the first time, FinDEVr announced a pair of prizes for those technologists whose use of Twitter during the show was the most remarkable. Taking home top honors for Most Active Tweeter at FinDEVr Silicon Valley was Bandit, known also by her Twitter handle @miss_haley.

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The Most Active VCs In The Internet Of Things And Their Investments In One Infographic

CB Insights

The Internet of Things (IoT) industry is on track to see nearly $3.7B in funding this year as connectivity and software are injected into sensor-laden objects and appliances. An increasing proportion of these dollars are being allocated to startups working specifically … Continued.

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Fintech Favorites

Fintech Labs Insights

Blockchain. Visa ( FD14 ) partners with blockchain innovator Chain ( FD15 ) to develop a “near real-time,” high value, fund transfer system between banks and corporate customers called Visa B2B Connect. The technology is expect to pilot in 2017, and could add much needed transparency and security as well as speed to B2B payments. SBI Securities of Japan teams up with IBM ( FD16 ) to deploy blockchain technology in bond trading.

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