Chris Skinner
APRIL 18, 2018
I meet a lot of senior executive teams of large banks. Some are visionary, many are committed and a large number understand that life is changing. Few understand how. I talk to them about the fintech world of change and how millennials are reshaping banking, from Stripe, started by two … The post Digital banking? Isn’t that just an app? appeared first on Chris Skinner's blog.
Bank Innovation
APRIL 9, 2018
EXCLUSIVE – Interested in the latest trends in payments, digital banking, blockchain technology, API, security, big data and all the other hot topics in the fintech space? Come join Bank Innovation’s Telegram Group. Bank Innovation‘s Telegram channel was created to foster discussion and collaboration among the fintech community on the latest trends, insights and events […].
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Payments Dive
APRIL 17, 2018
A TSYS study reveals mobile wallet users intend to use mobile payments more at brick-and-mortar retailers. But intent and actual use could vary based on a number of factors such as a smooth experience and security concerns.
PYMNTS
APRIL 4, 2018
Retail continues to migrate toward eCommerce, but warehouse space is not designed to keep up with the increasing pace of online orders. The average age of a warehouse in the U.S. is more than 30 years old, and many lack modern features, CNBC reported. CBRE has found that most warehouses constructed prior to 2005 had low ceilings, tight space and uneven flooring — issues that are not easy to fix through a renovation.
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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
Bobsguide
APRIL 12, 2018
A lack of clarity over the potential products and services spawning from the open banking revolution will make it difficult for the industry to prepare for how the market will change. “I don’t think there’s anyone that can tell you what kind of services will be delivered off the.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Chris Skinner
APRIL 3, 2018
I’m launching the new book Digital Human in New York on the evening of April 12. If you would like to get a signed copy of the book, just register here. BTW, I’ve also heard a lot of people have been frustrated that Amazon cancelled their pre-orders of the new … The post Digital banks are 35+ times more productive than traditional banks appeared first on Chris Skinner's blog.
Bank Innovation
APRIL 27, 2018
Singapore is taking another step towards cementing itself as the top fintech hub in the world. Today the Intellectual Property Office of Singapore (IPOS) said it would speed up the patent granting process for fintechs in the country. Singapore, according to a Deloitte study, ranks first along with London, among 44 hubs across the globe. […].
Payments Dive
APRIL 5, 2018
One of the best-attended educational sessions at the recent National Automatic Merchandising Association show in Las Vegas focused on how payment technology innovations — namely mobile payments — are impacting customer expectations.
PYMNTS
APRIL 24, 2018
Companies recognize the need for IoT security, but few are acting on those concerns. According to a recent survey, 97 percent of respondents said an attack on unsecured devices would be devastating to their organizations. However, less than a third are actually vigilant about monitoring for third-party related risks. Despite the security risks, the popularity of IoT seems unlikely to abate.
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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
Bobsguide
APRIL 18, 2018
The financial services industry is currently on the brink of a massive technological disruption. Financial institutions are now beginning to actively explore new technologies, such as Artificial Intelligence (AI) and robotic process automation (RPA) to further automate routine AML and KYC processes.
Insights on Business
APRIL 6, 2018
Finding reliable and trustworthy business intelligence can be a challenge. Business leaders are often tasked with making critical technology decisions that can affect an entire organization. Informed, data-driven choices based on real-world experiences and facts gleaned from peers are central to gathering the market intelligence to act with speed and confidence.
Chris Skinner
APRIL 4, 2018
I was super impressed by an article written by FinTech friend Bradley Leimer for International Banker the other day, and asked if I could share on the blog. Bradley kindly said yes, so here you are. Enjoy the read! The Invisible Hand of Financial Services by Bradley Leimer, Managing Director and Head … The post To understand banking’s future, it is important to think about its past appeared first on Chris Skinner's blog.
Bank Innovation
APRIL 20, 2018
JPMorgan Chase & Co. and the National Bank of Canada (NBC) announced today that they tested a debt insurance simulation on a new blockchain platform. NBC issued a one-year, floating rate certificate of deposit for $150 million dollars to JPMorgan on the platform, with JPMorgan creating a replica transaction to NBC using a debt issuance […].
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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.
Payments Dive
APRIL 10, 2018
Cash demand has risen right along with payment card transactions during the past decade-and-a-half. What's up with that? We went looking for an answer in "Payments are a-changin' but cash still rules," a publication from the Bank for International Settlements.
PYMNTS
APRIL 27, 2018
In many businesses, acquiring customers used to be a function of where the business was located — a high traffic intersection for a convenience store or a well-heeled mall for a clothing retailer. Technology, of course, changed all that. It’s also made the offering of subscription services a robust channel for a business to operate in. By one measure , subscription company websites have seen visitor growth of over 800 percent since 2014.
Bobsguide
APRIL 5, 2018
While banking and financial institutions in many corners of the globe have embraced the benefits technology has brought to the sector in recent years, Sharia-compliant fintech solutions are quickly catching up. That’s according to a report published last year by research firm Wamda Research.
Payments Source
APRIL 5, 2018
The U.K. government has committed to a 5G Urban Connected Communities Project for a city-wide trial of 5G wireless technology as part of the fourth phase of the government’s 5G strategy. This trial should spark substantial investment in new payments technology.
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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.
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. LOXM’s job is to execute client orders with maximum speed at the best price, … The post AI and Best Execution: the Investment Bankers’ Dream Team appeared first on Chris Skinner's blog.
Bank Innovation
APRIL 3, 2018
BitPay, a blockchain payments company, closed a Series B of $40 million yesterday, the company announced. The money, as previously mentioned by the startup, will go towards expanding its international operations. The first stop for this expansion will be Asia. BitPay named either Hong Kong or Singapore as its next potential market, as reported by […].
Payments Dive
APRIL 26, 2018
Of the 2,000 U.S. adults surveyed, mobile banking app use ranked third (31 percent) behind only social media (55 percent) and weather apps (33 percent), respectively.
PYMNTS
APRIL 16, 2018
Foursquare is offering small businesses (SMBs) and startups access to its geolocation API, according to VentureBeat reports on Friday (April 13). The company already offers location identification services to companies like Snapchat and Uber, enabling geolocation within their own platforms. Now, Foursquare is extending this service to SMBs via its Places API for Startups.
Advertiser: Data Robot
The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.
Bobsguide
APRIL 12, 2018
Compliance with legislation is a basic condition for all businesses. However, few industries are as regulated as the financial sector. Since the financial crisis, the volume of regulations has grown exponentially, and market participants now find themselves operating in a minefield of various legal.
Insights on Business
APRIL 30, 2018
The countdown clock to GDPR – the General Data Protection Regulation of the European Union (EU) – is being closely followed by business leaders in Europe and around the world as it moves towards its May 25, 2018 deadline. While this harmonized data protection law was designed to give EU citizens more control over their personal data, there is no doubt that GDPR is having a more widespread effect due to the fact that many corporations are global in nature.
Chris Skinner
APRIL 24, 2018
Another conversation about Open Banking, and an interesting point was raised by one bank. They said that they had been mapping financial moments – getting married, buying a house, having a baby, crashing your car, etc – and had started to reimagine the whole customer experience in those moments using … The post The bank’s view of Open Banking appeared first on Chris Skinner's blog.
Bank Innovation
APRIL 3, 2018
Open Banking is a buzzword — among bankers, anyway. Most customers have never heard of it, though they do want access to their bank account in other products, like the iTunes Store, Amazon, or Mint.com. Ron Shevlin noted on Twitter: I bet if I surveyed consumers and asked “Do you want “#OpenBanking?” a decent % […].
Advertiser: Trellis
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
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