Chris Skinner

JUNE 30, 2016

I was piqued by Victor Matarranz’s [SEVP Head of Group Strategy and Chairman’s Office, Banco Santander] presentation at MoneyConf last week, mainly because he began by talking about Fintech 1.0 versus Fintech 2.0. Fintech 1.0 he defined as the emergence of peer-to-peer lenders and new payments companies between 2010 and 2014. During this time everyone … The post Fintech 1, 2 and 3.0 … there’s an elephant in the room and it’s under attack appeared first on Chris Ski

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Fintech Maine Strategy Groups 292

Bank Innovation

JUNE 27, 2016

Some of the shine seems to have come off fintech innovation in 2016. Startup valuations are dropping; once abundant venture capital is growing scarcer; marketplace lending has gotten bruised — even the self-proclaimed capital of fintech, London, faces an uncertain future with Brexit. But that doesn’t mean innovation is any less necessary.

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Innovation Lending Capital Fintech 285

Payments Dive

JUNE 23, 2016

John Shapiro, the director of product management for payments for Intuit, discusses how the proliferation of technology and emergence of connected devices have created an opportunity for companies not previously associated with payments to expand their product offering.

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Payments Mobile Management Technology 256

PYMNTS

JUNE 29, 2016

A lot of millennials are still living at home with their parents, but as more and more of them begin moving out in the coming years, they could have a significant impact on both the housing and rental markets. Many millennials – defined in the study as adults currently between 25 to 34 years old – are still living with their parents due to a series of economic factors, but as they start to age and move out on their own the number of millennial households is expected to swell by about 2 million n

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Millennials Study Trends Marketing 186

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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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Insights on Business

JUNE 21, 2016

“It feels like we are at a tipping point where the entire industry is teetering on the edge of a cliff and it is about to give way ,” says Tom Blomfield, CEO of Mondo. “ We have seen it with other industries: Blockbuster when Netflix came in or Kodak when digital took over from film, or Spotify with music. A lot of print journalism went the same way as well.

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Chris Skinner

JUNE 21, 2016

I’ve written about Bitcoin and blockchain for half a decade, and now banks are all talking about it too. There is a belief that the blockchain technology that came from the Bitcoin structure could revolutionise banking. But there’s a problem, not with blockchain protocol, but with the hype and confusion that surrounds it. How will banks … The post 50 shades of blockchain … appeared first on Chris Skinner's blog.

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blockchain Bitcoin Technology 284

Bank Innovation

JUNE 23, 2016

1. Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world. Launched in 2014, Ant Financial Read More.

Innovation 284

Innovation Company social media Operations 284

Payments Dive

JUNE 28, 2016

Date: July 21, 2016 | Time: 2:00 PM EDT | Duration: 60 Minutes | Exploring technology solutions to improve customer engagement and enhance their shopping experience? Looking for ways to increase same-store sales and improve associate productivity? Think you can't have it all and still control costs?

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Operations Retail Mobile Technology 236

PYMNTS

JUNE 27, 2016

In the mood for a little role play today? Your head of product walks into your office with his end of quarter report for one of your flagship services. This service was positioned as a critical feature in driving demand for other products and services in the company’s portfolio. It’s been nearly two years – 20 months to be precise — since it was launched after significant investments in engineering, marketing and promotion.

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Apple Mobile Cards Payments 165

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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

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Insights on Business

JUNE 21, 2016

Using DevOps in the age of digital disruption: “It feels like we are at a tipping point where the entire industry is teetering on the edge of a cliff and it is about to give way ,” says Tom Blomfield, CEO of Mondo. “ We have seen it with other industries: Blockbuster when Netflix came in or Kodak when digital took over from film, or Spotify with music.

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Groups Industry System Innovation 122

Gonzobanker

JUNE 30, 2016

An unfortunate turn of debit card events is happening for financial institutions unregulated by the Durbin Amendment (assets under $10 billion, which is most banks and credit unions). And, it’s bringing unwelcome bad news for non-interest income. Many banks and credit unions will see non-interest income deteriorate for the following reasons: Debit EMV issuance/acceptance: the acquirers are striking back.

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Payments Cards United States Fraud 112

Chris Skinner

JUNE 27, 2016

The UK has had a long weekend considering the consequences of the Brexit. Chris Skinner has had a long weekend considering the consequences on London, the banking industry, Fintech and more … and I have to say that I’m quietly positive. I don’t think we’re going to see the meltdown the doomsayers are rumour mongering, … The post What does #Brexit mean for the City and #FinTech UK?

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Fintech Industry 282

Bank Innovation

JUNE 23, 2016

41. Brad Bennett, Senior Manager, Enterprise Services Engineering and Strategy, BB&T BB&T, a banking innovator? Yes, BB&T deserves mention with top innovation banks, and largely for one reason: Bradley Bennett. Bennett has been the executive at the bank that has most influence its wholesale bearhug of banking innovation. BB&T is now involved with Read More.

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Innovation Strategy Management 284

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Payments Dive

JUNE 30, 2016

The increased opportunities for legitimate sellers, thanks to the many methods of reaching and selling to customers – via apps, text messages, even chat apps – also provide more opportunities for cybercriminals intent on corrupting the system for their own benefit.

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PYMNTS

JUNE 29, 2016

Mobile technology, already a fixture in consumers’ daily lives, is having a major impact on the retail industry. Merchants are turning to mobile technology in the form of mPOS platforms in order to better serve and connect with their customers and make sure those customers return. To discuss how mobile, full-service payments solutions are impacting retailers, for this month’s Tracker cover story, PYMNTS caught up with executives from CardFlight, Retail Pro and ShopKeep, as well as with Jordan Mc

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Retail Mobile Payments Software 143

Bobsguide

JUNE 29, 2016

Banking is entering a new frontier. Less banking is done in physical branches, as more consumers conduct banking activities online. In fact, a recent consumer survey from NGDATA (disclaimer: my employer) found that only 24% of consumers conduct banking in-person, compared to 38% in 2014. But.

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Strategy Survey Online 102

Payments Source

JUNE 23, 2016

A group of the largest banks in the world is working on a global standard for Bitcoin’s blockchain ledger technology, a secure funds-transfer system that advocates and industry watchers have likened to “email for money.

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blockchain Bitcoin Groups Payments 94

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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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Chris Skinner

JUNE 24, 2016

Well, like all of you, I wake up this morning to find that the UK has decided to tell Europe to fork off. You probably think I’m going to blog about what it all means and the implications for financial markets (I did that the other day and back in February). Apparently the vote is … The post FU EU #Brexit appeared first on Chris Skinner's blog.

Marketing 282

Marketing 282

Bank Innovation

JUNE 28, 2016

If you haven’t heard yet, bots are taking over financial services, and are bringing Facebook with them. A Danish neobank called Lunarway introduced its Facebook banking bot, Lunar Way Bot 1.0, yesterday. The chatbot responds to simple queries, for now, such as checking balance, or looking up how much you spent Read More.

Innovation 284

Innovation Technology Mobile 284

Payments Dive

JUNE 28, 2016

In the second part of our focus on direct carrier billing, John BaRoss examines how the payment method is being used more to purchase physical goods.

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Payments 218

PYMNTS

JUNE 23, 2016

Fraudsters always seem to be one step ahead of both the consumers and businesses they target. They have the uncanny ability to slip in unnoticed, wreak havoc and essentially walk away unscathed (and paid). Though victims of fraud attacks may never be able to beat cybercriminals at their own game, it’s clear that knowledge is power. As Don Bush, VP of Marketing at Kount , recently told Karen Webster , knowing what’s coming can better prepare you to defend yourself. “If you don’t know

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Fraud Cards Data Tools 138

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.

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Bobsguide

JUNE 27, 2016

I guess the UK didn’t listen to Mark Carney, Bank of England governor, when he said that the Brexit would be “the biggest domestic risk to financial stability.” Many have named the 23rd June Independence Day to mark the country’s exit from the European Union and while.

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Fintech 99

SWBC's LenderHub

JUNE 30, 2016

With all of the opportunity in the financial services industry, customer onboarding has come up a lot lately. The focus on creating an exceptional introduction to your financial institution is imperative, since having a poor onboarding experience for your customers can pretty much kill your growth…if not your business.

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Industry 87

Chris Skinner

JUNE 21, 2016

I just discovered a really interesting legal view of the implications of the Brexit vote on the UK Financial Services sector. It was in a magazine by Mayer Brown, a law firm, written by legal eagles Alexandria Carr, Mark Compton, David R. Sahr and Guy Wilkes and, as the vote takes place tomorrow as to whether Britain will Brexit … The post What would Brexit mean for the UK financial services industry?

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Industry 262

Bank Innovation

JUNE 20, 2016

Banks spend a great deal of time, money, and energy building technology to compete with fintech companies, but the CEO of innovation software maker Spigit has a message: Don’t bother. Why is that? “You’re too late,” Spigit CEO Scott Raskin told Bank Innovation, referring to the banks.”By the time these companies reach Read More.

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Fintech Innovation Software Technology 267

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