Sat.Jul 30, 2016 - Fri.Aug 05, 2016

article thumbnail

The Bank of England: taking the lead in #FinTech

Chris Skinner

I like to point at the fact that the Bank of England is taking a leadership role in FinTech, but it goes wider and deeper than this. Bear in mind, the regulator – the Prudential Regulatory Authority (PRA) – lies under the Bank’s control. Before the Global Financial Crisis, it was independent and part of the … The post The Bank of England: taking the lead in #FinTech appeared first on Chris Skinner's blog.

Fintech 299
article thumbnail

3 Fintech Startups to Watch: BillGO, Barzahlen, & Pleo

Bank Innovation

It seems like new fintech startups show up daily, all vying for the top slot in the type of financial service they offer: want to find a P2P lending service? There’s dozens of startups for that. Need help with stock options or expenses? Well, there’s a few dozen startups for Read More.

Fintech 265
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Making mobile wallets pay for consumers, small retailers

Payments Dive

Chris Poelma, president and GM of small business at NCR, discusses the stand-off between small retailers and their customers over mobile-wallet adoption.

Retail 233
article thumbnail

Banks should know these 5 Traits of Millennial business owners

Abrigo

Everywhere you look, it seems, there are articles about Millennials: Millennial workers, Millennial customers, Millennial homeowners, Millennial voters. This generation -- described often as being born between the early 1980s and early 2000s (i.e., currently in their late teens to their mid-30s) -- seems to be both hated and loved, depending on the day of the week and who is talking.

article thumbnail

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

article thumbnail

The Monetary Authority of Singapore: keeping up with the Bank

Chris Skinner

Yesterday I blogged about the flagship lead of the Bank of England to support innovation and create refreshed central bank digital structures. They are experimenting with everything from a Britcoin to a FinTech Accelerator program, and these operations have filtered through the system into RegTech programs from Project Innovate to the Regulatory Sandbox.

More Trending

article thumbnail

7 tips for designing customers' digital banking experiences

Payments Dive

Mark Kilpatrick, CMO from Urban FT, discusses what banks need to focus on going forward with their customers.

article thumbnail

The Three-Step Plan To Optimizing Mobile Revenue

PYMNTS

There’s no question that mobile has established itself as a default channel as far as the average consumer is concerned, and the growing cottage industry of turnkey software-as-a-service startups proves that getting on mobile is as ironclad a requirement as it gets in commerce. But starting up a mobile operation is just one half of a potentially profitable coin.

Mobile 155
article thumbnail

Bank customers aren’t always right

Chris Skinner

It’s August – the quietest month in business. Everyone I email sends back an out of office autoreply, and yet I’m here still blogging. So what to blog about? Well, this month might be a little inconsistent, but I do love posting funny stories in bank branches. The reason is (a) they’re funny and (b) … The post Bank customers aren’t always right appeared first on Chris Skinner's blog.

234
234
article thumbnail

Venmo Will Soon Be Larger Than Any Bank P2P Service

Bank Innovation

July’s PayPal earnings call talked quite a bit more about Visa than Venmo, but while the consequences of the Visa deal are still unknown, Venmo’s numbers are already known, and they look great. Specifically, Venmo processed $4 billion in transactions in Q2, compared with $3.2 billion the quarter previous. This is Read More.

Online 235
article thumbnail

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

article thumbnail

Detroit Red Wings IT exec: Mobile enhances the customer experience

Payments Dive

If there is one reason retailers must move forward with a mobile app strategy it’s this: consumers not paying in cash spend an average of 13 percent more when it’s a mobile payment experience.

Detroit 174
article thumbnail

Walletron, Speedpay Team Up To Offer Customers moBills

PYMNTS

Walletron , the bill presentment and payment capabilities firm, announced a partnership with Speedpay , the payment services company, in which Speedpay will offer Walletron’s moBills. With moBills, biller clients can send personalized notifications and bill information and enhance the payment experience to customers’ smartphones without them having to download an app.

Mobile 137
article thumbnail

Looking for a live Unicorn

Chris Skinner

I was chatting about Unicorns yesterday. I won’t say which one we talked about, but one specific firm was being picked on as unsustainable and incorrectly valued. I was particularly surprised to hear that their cost of customer acquisition is estimated to be $400 per customer. For a start-up firm that is dealing in high … The post Looking for a live Unicorn appeared first on Chris Skinner's blog.

Fintech 223
article thumbnail

Credits Wins Deal to Provide Blockchain-as-a-Service to U.K. Government

Bank Innovation

Looks like Nick Williamson is holding a royal flush. The former professional poker player saw his startup Credits win a contract to provide his blockchain-platform-as-a-service to the United Kingdom through the Government Digital Services’ Digital Marketplace earlier this week. This comes just four months after Credits launched its PaaS in beta.

article thumbnail

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

article thumbnail

Changes to the Military Lending Act: An Update

ZootBlog

In June, ZootBlog provided important information regarding changes to the Military Lending Act (MLA). As promised, we’re providing the most recent updates to inform lenders as they prepare for the target compliance dates of October 3, 2016 and October 17, 2017 (credit card only). There is good news to report on the MLA front: All three national consumer reporting agencies (CRA’s)—Equifax, Experian and TransUnion—will be ready to offer a Department of Defense (DoD) lookup to determine covered MLA

Lending 96
article thumbnail

Visa Announces First Quick Chip Deployment

PYMNTS

Despite the fraud benefits that EMV has provided to retailers with terminals on their countertops, there has been one consistent refrain from retailers and their customers alike: It takes too long. Too long for terminals to be tested and certified and too long for consumers to insert their card and wait for the transaction to be approved. Help has arrived.

Retail 128
article thumbnail

The FinTech Weekly Roundup by Anna Irrera (3)

Chris Skinner

Friend of the Financial Services Club and journalist with Financial News Anna Irrera has recently started producing a weekly roundup of FinTech news. She’s kindly agreed to let me republish this summary here on The Finanser, so here goes: A good roundup of startups bringing AI to fintech… From Algorithmic Trading To Personal Finance Bots: 41 Startups … The post The FinTech Weekly Roundup by Anna Irrera (3) appeared first on Chris Skinner's blog.

Fintech 208
article thumbnail

MasterCard and Visa Join ClearXchange Realtime Payments Network

Bank Innovation

Realtime has gone prime time with the addition of Visa and MasterCard to the clearXchange payments network. Today, Early Warning, which owns clearXchange, expanded its realtime payments network by adding both the Mastercard Send and Visa Direct platforms, a move that will allow nearly every U.S. debit card holder to send and Read More.

Payments 212
article thumbnail

2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.

article thumbnail

Safer with blockchain: Credits selected as official UK DLT provider

Bobsguide

After advocating blockchain technology at the start of this year, the UK government has chosen Level39 member Credits to act as the official supplier of distributed ledger technology (DLT) to public sector organisations. The blockchain tech company was awarded a place on the G-Cloud 8 framework.

article thumbnail

Visa’s Plan To Make $10 Trillion Real Time

PYMNTS

Ninety percent of the $10 trillion “push” payments market opportunity is concentrated in a variety of disbursements made between businesses and consumers that today rely on cash, checks and ACH to move money between those parties. Insurance payments, healthcare reimbursement, merchant settlements, loan disbursements, and payments to workers participating in the shared economy represent a $9 trillion opportunity filled with friction for both the sender and the receiver, with the remaining $1 tril

Payments 118
article thumbnail

Things worth reading: 2nd August 2016

Chris Skinner

Things we’re reading today include … Don’t Let Bank Regulators Create Another Japan The City of London is going to lose business from Brexit, say fund managers Banks turning to voice recognition First TV interview with £1.4bn loss trader RBS and Barclays hit by poor stress test showing UK claims global victory with first masala … The post Things worth reading: 2nd August 2016 appeared first on Chris Skinner's blog.

article thumbnail

Capital One Joins Effort to Educate Seniors About Online Banking

Bank Innovation

Banks only care about millennials, right? Not really, though marketing about digital efforts may make it appear that way. Yesterday Capital One, a leader in digital banking, joined OATS (Older Adults Technology Services) in launching‘“Ready, Set, Bank: Online Banking Made Easy,’” an educational tool designed to increase online banking usage among older adults, enabling them Read More.

Capital 210
article thumbnail

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.

article thumbnail

CFPB Releases Amendments to TRID Rule

CFPB Monitor

Matthew Smith. The CFPB has issued a proposed rule with request for public comment containing both substantive amendments and technical corrections (collectively, Proposed Amendments) to the final TILA-RESPA Integrated Disclosure (TRID) rule that became effective on October 3, 2015. In a press release the CFPB advised that the Proposed Amendments are “intended to formalize guidance in the rule, and provide greater clarity and certainty.” Comments are due on or before October 18, 20

Taxes 80
article thumbnail

New Chip Card Security Flaw Found

PYMNTS

A new flaw has turned up in the chip-based cards on offer in the U.S. According to new data released by researchers at NCR, credit card thieves can apparently rewrite the mag stripe such that the card looks to be chipless when run through a card reader machine – even though such machines should kick back the swipe and tell the user to insert the chip.

Cards 114
article thumbnail

The Finanser’s Week: 25th July – 31st July 2016

Chris Skinner

Here are our key posts for the past week … Need some #FinTech Education? I recently hosted the FinTech University – FU for short – for BBVA in Madrid. #FU @CIBBVA pic.twitter.com/RUqVEDgPgg — Chris Skinner (@Chris_Skinner) June 20, 2016 It was a grand day out full of BBVA companies and partners including Simple, Holvi, Atom, Eris, … The post The Finanser’s Week: 25th July – 31st July 2016 appeared first on Chris Skinner's blog.

Fintech 188
article thumbnail

Blockchain Technology and Smart Contracts for Reinsurance

Bank Innovation

Image from Wikipedia This is a guest post by Howard Tolman So the old and politically incorrect joke goes, If you’re in Ireland and you ask an Irishman how do I get to “so and so”, you’ll probably get the response that it all depends on where you’re starting from. Read More.

article thumbnail

Addressing Top Enterprise Challenges in Generative AI with DataRobot

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.