Chris Skinner
FEBRUARY 4, 2018
Talking of banks not being trusted, do we have reasons to mis-trust them? Yes, many. Not only are many banks regularly called out for bad behaviour, but some have gone to the extremes of forging customers signatures. Then there has been the UK’s PPI scandal and Wells Fargo’s false account … The post How bad does a banker have to behave to be jailed?
Bank Innovation
FEBRUARY 8, 2018
EXCLUSIVE – Here they are. This morning, Bank Innovation officially announced the 11 companies that will be participating in its 2018 DEMOvation Challenge. These 11 companies will present technologies and products in front of an attentive audience of fintech professionals during Bank Innovation 2018, which will take place this March in San Francisco.
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Payments Dive
FEBRUARY 27, 2018
Mark Baunach, global financial services consulting industry leader at Dell EMC, discusses how blockchain and emerging technologies will reshape the financial services industry over the next decade.
PYMNTS
FEBRUARY 14, 2018
A good forecast is a notoriously difficult thing to write – particularly if one is trying to write it about the payments and commerce ecosystem. Had we told the world a year ago today that Amazon was going to buy Whole Foods, that Walmart Pay would surpass Apple Pay as a consistently favored mobile payment method, that CES would essentially become a showdown between Alexa and Google Assistant, that Uber would take a major valuation haircut in its next funding round, that bitcoin was going to be
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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
FEBRUARY 28, 2018
This year, two new pieces of legislation will come into force that will transform data management within UK banks. The first, the Payment Services Directive (PSD2), sets out to create a new era of openness; requiring banks to allow Third Party Providers (TPPs) direct access to customer payment.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Chris Skinner
FEBRUARY 18, 2018
Unless you have been asleep for the last year, you cannot have failed to catch the buzz around bitcoin and other cryptocurrencies such as Ethereum’s Ether and Ripple’s XRP. There are even some coins that were created as a joke that are getting significant investments, such as Dogecoin. Dogecoin was … The post Why bitcoin is not a ‘fraud’ or ‘bubble’, but something you should take seriously appeared first on Chris Skinner's blog.
Bank Innovation
FEBRUARY 23, 2018
French bank BNP Paribas has launched a new fund to invest in fintech startups, the bank announced today. The amount of the fund was not disclosed. The fund will be managed by BNP Paribas’ Capital Partners, and will be taking minority stakes in financial services and insurance startups, the bank said. It will also be.Read More.
Payments Dive
FEBRUARY 1, 2018
PSD2 in Europe has already begun paving the way for new generations of payment providers and direct carrier billing services, which are offering a more compelling customer-focused strategy, compared to the existing legacy providers.
PYMNTS
FEBRUARY 14, 2018
Western Union reported results Tuesday that showed continued momentum in its digital business, as consumer money transfers grew on a cross-border basis. The company posted 4 percent growth in the top line to $1.4 billion, which topped the Street by $40 million, while earnings of 41 cents a share missed the Street by four pennies. In remarks made on the earnings call , Hikmet Ersek, president and CEO of the company, said that the improvement in the top line came amid improved spend in the company
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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
FEBRUARY 7, 2018
Digitalisation seems to be transforming businesses across every industry. It is an actively discussed topic around the world and widely included in the strategies of companies, institutions, and societies. However, after the financial crisis in 2008, while other industries have been concentrating on.
Insights on Business
FEBRUARY 26, 2018
Watch the video. It’s clear: Customer Experience is the battleground for banks, insurance, and financial services companies. Pressures from fintech competitors, regulators, cybercriminals threaten the relationships incumbent banks have built with their customers. Today’s challenges, require bigger ideas and better thinking—bringing cloud, cognitive, blockchain, even quantum computing technologies to the table as viable solutions to meet the enterprise-wide transformation imperative.
Chris Skinner
FEBRUARY 14, 2018
I am very taken by the articulate and charismatic Jack Ma. Not because he’s one of the richest men in the world, but more because of his experiences and beliefs. If you haven’t listened to his interviews and thoughts at this years World Economic Summit, then I’d recommend you take … The post Inside the mind of Jack Ma appeared first on Chris Skinner's blog.
Bank Innovation
FEBRUARY 2, 2018
Fiserv, FIS, and Jack Henry all come to mind when thinking of the top bank core processors. But what is each firm’s market share in the U.S. last year? According to data gathered by FedFis.com, the top processor is Brookfield, Wis.-based Fiserv. With more than 37% of the market share, Fiserv is well ahead of […].
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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
FEBRUARY 16, 2018
Scott Voigt, co-founder and CEO of FullStory, examines the state of mobile e-commerce and the challenges still in play when it comes to delivering a robust customer experience.
PYMNTS
FEBRUARY 8, 2018
Soon after Ripple announced a collaboration with MoneyGram, the blockchain firm revealed yet another partnership, this time in China. Reports in Blockchain News on Wednesday (Feb. 7) said Ripple announced a partnership with LianLian International, a Hong Kong-based, cross-border payments company, that plans to use Ripple’s xCurrent enterprise blockchain tool to process real-time payments coming into China.
Bobsguide
FEBRUARY 9, 2018
Gone are the days when individuals would rely on traditional methods of payments, such as cash and cheques. The advent of computers and mobiles have not only changed the way we work, but also how we manage our financial aspects and payments. The ever changing and evolving technologies have also led.
Insights on Business
FEBRUARY 7, 2018
As the term “fintech” becomes further engrained and more ubiquitous in the banking and financial industry, these businesses classified by the same fintech name have ascended beyond the small, ardent startup scene and have established themselves as equal challengers in the arena, standing up and competing with institutions that are a century old or longer.
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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
FEBRUARY 26, 2018
I just read an interesting new report from Deloitte about blockchain. They tracked the history of 86,034 blockchain projects hosted on GitHub since 2009 to pull out “key lessons” on where the blockchain industry is going and its long-term prospects. Here are some of the highlights: More than 26,000 blockchain … The post 9 out of 10 blockchain trials go nowhere appeared first on Chris Skinner's blog.
Bank Innovation
FEBRUARY 7, 2018
Is digital banking killing physical bank branches? How much truth is there to the longtime fear that online banking will replace consumer interaction with bank branch tellers? Well, a lot — at least, so it seems from a Wall Street Journal report indicating that banks are shutting down more branches now than they have in […].
Payments Dive
FEBRUARY 27, 2018
The Purchase, New York-based card network has already helped MNOs such as Vodafone Ukraine, Digicel Group in the Caribbean, Viettel Telecom in Vietnam and Taiwan's Chunghwa Telecom to roll out various services related to digital payments.
PYMNTS
FEBRUARY 23, 2018
There are few verticals where business is a guaranteed — basically just food, healthcare, and funerary services. And even those spaces are changing. Then there’s gifting. People have always given gifts and probably always will. But they don’t always give the same gifts in the same way. As Jifiti Co-Founder Yaacov Martin sees it, every gift involves three parties: the initiator, the recipient, and the vendor in the middle who’s fulfilling the gift.
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Bobsguide
FEBRUARY 12, 2018
The second installment of our ‘fintechs to watch’ series looks at the exciting world of newcomer fintechs since 2015. These are the companies we’ve come across (and spoken to!) who we think have a fantastic product and proposition as well as the right people and passion to.
Payments Source
FEBRUARY 16, 2018
The Olympics draw together fans from around the globe to cheer on their fellow citizens, and having such a diverse group of people in one spot can inspire companies to experiment with cutting-edge technologies.
Chris Skinner
FEBRUARY 15, 2018
Someone made the comment on my platform piece about what happens when there are no Jack Ma’s or Mark Zuckerberg’s, as the whole thing is decentralised? I guess that this is logical as my last line was that government control of cryptocurrencies is “not so easy for cryptocurrencies that have … The post Regulating the cryptocurrency markets appeared first on Chris Skinner's blog.
Bank Innovation
FEBRUARY 26, 2018
EXCLUSIVE – This month, my company, Royal Media, was robbed. This was a civilized heist, mind you. No guns were involved, no one got hurt?—?in fact, not a sound was even heard. It was a faceless theft, as well. Its discovery started with an innocuous question by a colleague: “Do you have a Walmart credit.Read More.
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