Chris Skinner

JANUARY 25, 2017

OK, OK, OK, I promise to stop posting predictions and trends and blah, blah, blah, but this one has an interesting provenance and history. Last year, one of my most read blog entries was this one: The top ten trends in banking innovation (February 2016). This was a summary of the top trends in banking innovation, and … The post The biggest innovations in retail banking (research) appeared first on Chris Skinner's blog.

Innovation 398

Innovation Retail Trends Technology 398

Bank Innovation

JANUARY 25, 2017

Chase and Intuit may have just solved the main issues with account aggregators. The companies signed an agreement this morning, giving customers the option to authorize Chase to electronically share financial data securely with Intuit’s financial management applications, such as Mint, TurboTax Online and QuickBooks Online. Banks, and Chase in Read More.

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Security Data Maine Online 272

Accenture

JANUARY 26, 2017

There’s a story about a man who took great pride in his perfect lawn. He was traumatized one morning when he awoke to find it ruined by a large crop of dandelions. He tried every method he knew to get. Read more.

Payments 227

Payments 227

PYMNTS

JANUARY 27, 2017

The U.S. is no longer the world’s largest market for FinTech investment, according to the latest report from Citigroup, released this week. Analysts found that, in the first nine months of 2016, China held the top spot for FinTech investment, with funding raised for that period doubling compared to the same period in 2015. This week, however, venture capitalists in the B2B FinTech space went global, hitting Australia, the U.S., France and India.

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Fintech Cards Mobile Capital 203

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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

Lending

Chris Skinner

JANUARY 24, 2017

The first few weeks of 2017 bombarded us with articles predicting the future of fintech and financial services. I’ve now analysed them all and identified the top 11 trends that the leading banking and FinTech experts agree we should be following now. Here’s the trend breakdown: Removing friction from the customer journey Rise of insurtech Rise of regtech … The post 11 FinTech trends you need to follow appeared first on Chris Skinner's blog.

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Trends Fintech US Technology 280

Payments Dive

JANUARY 27, 2017

One area that has lagged in innovation is financial services. While money is inherently a conservative market, many predicted that providers would innovate quickly or be replaced.

Innovation 174

Innovation Marketing 174

PYMNTS

JANUARY 21, 2017

Enterprise tech conglomerate Oracle is growing thanks to the acquisition of an API management firm, Apiary. Reports last week said the takeover will help Oracle offer more robust API building and monitoring services through integrating Apiary’s APIFlow solution, which helps businesses create and manage their APIs. “Oracle’s API Integration Cloud enables companies to secure, consume, monetize and analyze APIs,” said Oracle Senior Vice President of Integration Cloud Amit Za

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Management Google Trends Capital 172

Chris Skinner

JANUARY 26, 2017

I was surprised the other day when I met Pawel Kuskowski, CEO and Co-founder of Coinfirm, a start-up firm offering Compliance-as-a-Service. Pawel has been trained in compliance and AML, having worked with some of the world’s biggest financial institutions including AIG (Compliance Officer), UBS (Director of Compliance, Compliance and Operational Risk Officer) and RBS (Head … The post Laundering-as-a-Service (a bank USP) appeared first on Chris Skinner's blog.

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Compliance Training Operations Case Study 264

Bank Innovation

JANUARY 26, 2017

Is Ant Financial hitching its global expansion to an antiquated payments wagon that is being undermined by a wide range of remittance startups? That appears to be case for Ant’s proposed $880 million acquisition of 72-year-old MoneyGram, which was announced today. Ant Financial is the financial service spin-off from Chinese e-commerce giant Read More.

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Payments Groups Online Mobile 235

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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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Payments Dive

JANUARY 24, 2017

The popular specialty salad quick-service restaurant chain tested a no-cash policy in 2016 and is now fully cashless where such a thing is allowed by law. Is such a move the best thing for consumers.

Mobile 174

Mobile Policies Payments 174

PYMNTS

JANUARY 26, 2017

Dubai’s startup and tech scene has come a long way in the past three decades — the city is now a major business center in the Middle East, attracting investors and entrepreneurs from around the world. In this week’s Tech Center tracker, we take a look at how Dubai is giving FinTech hubs around the world a run for their money. Before we jump into the post, here are a few quick facts about Dubai and its tech scene: Dubai has an estimated population of 2,701,977.

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Fintech Regional Innovation Leadership 164

Chris Skinner

JANUARY 23, 2017

It’s intriguing to see how the world has now got the FinTech message. The Telegraph ran a conference about it (I was there); The White House has published a report on it; America’s Celebrity Apprentice has one of our own on it; and The Banker has run a magazine feature dedicated to it.There’s even a … The post Technology is key to banking future … really?

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Technology Conference Fintech Report 222

Bank Innovation

JANUARY 25, 2017

More fintech is coming to Austin. The massive South by Southwest conference and festival features startups in a number of categories — transportation, augmented/virtual reality, and of course fintech — plus several others. The event is the 9th annual pitch session for SXSW’s accelerator. Austin is known for having a thriving Read More.

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Austin Fintech Conference Course 230

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Payments Dive

JANUARY 26, 2017

CVS, Kohl's and Wal-Mart all added payments features to their mobile apps in 2016. Target now reportedly will do the same.

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Mobile Trends Retail Payments 195

PYMNTS

JANUARY 27, 2017

There are times when cyberthreats can come in places where you least expect them. That could mean a selfie app, an email inbox or even within health care and medical services. Eric Chiu, cofounder and president of HyTrust , joined this week’s Hacker Tracker to share insights on the SEC examining the Yahoo breaches, why a selfie app may cause more harm than good and how the U.S. is handling its ever-growing number of reported cyberattacks.

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Security Data US Trends 152

Chris Skinner

JANUARY 26, 2017

Things we’re reading today include … Alibaba’s Ant Financial buys MoneyGram for $880m €2.5bn cost of Mifid II rattles asset managers Dutch regulator mistakenly reveals Soros short positions TSB plans ‘year of liberation’ as it finally breaks free of rival and former owner Lloyds Lucky money Co-op Bank warns it will miss capital target Barclays … The post Things worth reading: 27th January 2017 appeared first on Chris Skinner's blog.

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Bank Innovation

JANUARY 27, 2017

From new apps to surprising partnerships, PayPal has had another buzzing quarter. The payments giant ended the year with 197 million active customer accounts, adding 5.4 million new accounts last quarter. The holiday shopping season — the largest ever — helped drive a 25% quarterly increase in payments volume, resulting Read More.

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Payments Online Innovation Mobile 223

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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.

Lending

Bobsguide

JANUARY 24, 2017

The revised Directive on Payment Services (PSD2) doesn't actually come into effect until 1st January 2018, but I'm sure that the preparations for this momentous change are sure to be the big story of 2017.

Payments 101

Payments 101

PYMNTS

JANUARY 26, 2017

eBay has spent much of the last year rethinking its market position and reworking its platform to help it compete more consistently and strongly against Amazon.com (and the rest of retail). And, as of Q4 2017, it looks like those efforts are paying off — literally. The holiday period saw a 3.1 percent rise in quarterly revenue for eBay — some good news that pushed up the price of shares in the online marketplace by 7.5 percent in after hours trading.

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Taxes Strategy Branding Retail 143

Chris Skinner

JANUARY 25, 2017

Things we’re reading today include … Fintech ‘boom’ risks fresh ‘bust’ if left unchecked, warns Carney JPMorgan wins $1tn custody mandate from BlackRock Dutch regulator mistakenly reveals short positions Santander boss: London to remain Europe’s financial hub Which country is the most corrupt in the world – and where does Britain rank?

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Regulation Fintech 168

Bank Innovation

JANUARY 24, 2017

Here there be dragons, and they’ve started to rule over unicorns—well, in matters of funding, anyway. According to a new report released by Citigroup on digital disruption, the second of its kind, China has now overtaken the U.S. to claim the No. 1 spot for investments in fintech on a global scale. Read More.

Fintech 223

Fintech Report Groups Capital 223

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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.

Lending

Payments Source

JANUARY 26, 2017

Ant Financial, the company that operates Alipay, is buying MoneyGram for $880 million, its boldest move yet in a series of partnerships and investments that signal an international ambition.

Operations 100

Operations Company Payments 100

PYMNTS

JANUARY 26, 2017

Industries around the world have caught AI fever. Developers around the world have made more ways than ever for the technology to automate, optimize and enable different services. Facebook, Alphabet, IBM, Microsoft, Amazon and other major companies are all working on AI projects, along with numerous tech startups. One such upstart, which leverages artificial intelligence and image recognition in part to enable commerce, is Clarifai.

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Video social media Branding Retail 137

Chris Skinner

JANUARY 22, 2017

A summary of the main blogs of the week … FiBD: The FinTech B t Detector I’ve been wondering for a while how so many companies can be starting up something in the same space, and how are they surviving? The reason for mentioning it is that we keep hearing these numbers around how many billions … The post The Finanser’s Week: 16th January – 22nd January 2017 appeared first on Chris Skinner's blog.

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Maine Fintech Company 164

Bank Innovation

JANUARY 25, 2017

Alipay’s domination in the mobile payments world is reaching new heights — 30,000 feet, to be exact. Finnish airline Finnair today announced its decision to offer mobile payment service Alipay on flights between Helsinki and Shanghai. Alipay is one of the most popular digital payment methods in its home country of China, Read More.

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Mobile Payments Groups Online 218

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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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