Chris Skinner
JULY 5, 2018
Whilst in New Zealand, I had an interview with the country’s most respected business paper: National Business Review. The subsequent article is behind a paywall but, as they sent it across to me, I feel it’s worth sharing here. The battles for the future of fintech The future of financial … The post The battles for the future of fintech appeared first on Chris Skinner's blog.
Bank Innovation
JULY 5, 2018
Bank of America has Erica, Capital One has Eno, Bank of Montreal has Bolt. Safe to say that most major banks are at least exploring the possibility of a virtual assistant, if they don’t already have one. And there is more to this virtual assistant than just the cool factor, for banks these chatbots improve […].
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Payments Dive
JULY 6, 2018
Artificial intelligence has emerged as one of the most powerful tools for improving the customer experience, but retailers must be willing to accept operational change once they embark on their AI journeys.
PYMNTS
JULY 4, 2018
Following the massive data breach at Equifax last year, the cybersecurity sector has flourished – and so have some of the investments that track the industry. The ETFMG Prime Cyber Security ETF, for example, has risen 18 percent this year, CNBC reported. The exchange-traded fund, which was founded in 2014, notched staggering returns of 31 percent following the Equifax data breach in 2017, twice that of the S&P 500 return during that same time period.
Advertisement
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
Chris Skinner
JULY 3, 2018
I found an interesting article about Open Banking the other day (via FinTech Insider News). Its title is: Open Banking in the UK; a disaster in the making? no wonder it intrigued me. However, I clicked the article open and the first paragraph read: When the CMA Order went live … The post Open Banking – a complete failure? appeared first on Chris Skinner's blog.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
JULY 5, 2018
Reserve your spot to participate in a live discussion with fraud prevention experts about survey results and benchmarks for different industries.
PYMNTS
JULY 6, 2018
Following the closure of Toys R Us stores in June, retailers in the hobby and off-price segments may fill some of the larger empty big-box spaces. Companies such as Big Lots and Ashley Homestore had bid on the properties in bankruptcy court, but one hobby retailer may be particularly interested in Toys R Us’ former stores, The Wall Street Journal reported. “ Hobby Lobby especially is very aggressive,” Kimco Realty Chief Executive Conor Flynn said at a conference.
Chris Skinner
JULY 4, 2018
Conservative MP Eddie Hughes has just written a 36-page white paper extolling the benefits of blockchain for Britain, which was published yesterday Unlocking Blockchain: Embracing new technologies to drive efficiency and empower the citizen, by FREER. FREER is a major new initiative from the Institute of Economic Affairs (IEA, a … The post MPs battle over blockchain appeared first on Chris Skinner's blog.
Bank Innovation
JULY 3, 2018
There is a correlation between an FI’s revenues and its digital strategy. A new report from advisory firm EY suggests that the more mature an FI’s digital strategy is, the more revenues it is likely to generate. According to the report, released late June, 65% of executives believed that their revenues improved thanks to their firm’s […].
Advertisement
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
Payments Dive
JULY 5, 2018
It's time for a look back at last month's most-read content on the site.
PYMNTS
JULY 2, 2018
What to do for the shopper with champagne tastes — and a beer budget? For consumers with an appetite for designer, but a budget perhaps more tailored to fast fashion, the digital age offers a myriad of solutions: Buy it used, rent it temporarily or risk a knock-off from an extreme online discounter that may (or may not) be offering the real deal. Another option, the classic, is to whip out the plastic card with the highest limit and buy the designer good brand new — absolutely real and owned by
Chris Skinner
JULY 2, 2018
I often relate the story that the first FinTech firm I ever met was Zopa. Zopa launched in April 2005 and presented at the Financial Services Club on March 30 that year. They talked about an eBay for Money and connecting savers and borrowers. No one got what they were … The post This year’s FinTech50: will London keep its FinTech Crown? appeared first on Chris Skinner's blog.
Bank Innovation
JULY 5, 2018
Laurel Road, a bank that is selling fintech products and services, has scored a sales win, securing Country Bank as a client. Laurel Bank Road is hitting on a trend: more small banks are considering digital methods for loan underwriting. Larger banks like Bank of America and SunTrust Banks Inc. have recently added digital mortgage lending, and that same […].
Advertisement
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
JULY 6, 2018
The annual Elevate Awards recognize and honor the individuals and organizations setting the pace in using technology to elevate the customer experience.
PYMNTS
JULY 3, 2018
The digital age desperately wants to help consumers answer an important, age-old question: What should I wear today? The “hows” of solving that question have become increasingly high-tech in recent years. At any number of websites, consumers can answer a questionnaire that covers their relevant measurements and sartorial preferences to create a profile.
Chris Skinner
JULY 1, 2018
I present a lot around the world, and I am always delighted and honoured when a conference asks me back for a second visit. It reaffirms that you were ok the first time around and so a second bite is delightful. One such moment occurred last week at The Point, … The post 10 big FinTech trends in New Zealand appeared first on Chris Skinner's blog.
Bank Innovation
JULY 3, 2018
PREMIUM - U.K. challenger bank Monzo has made headlines recently for massive losses that quadrupled year-over-year. Loses were recorded at £33.1 million ($43.6 million) in 2017, up from £7.9 million ($10.4 million) the previous year, according to the Financial Times. But customers may care more that the digital-first bank had a win when it comes to […].
Advertisement
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.
Payments Dive
JULY 5, 2018
UPI has progressed rapidly to become India’s universally popular interface for payments.
PYMNTS
JULY 6, 2018
After setting up a group within Facebook to look into blockchain technology, Facebook may be bolstering its efforts in the field: Evan Cheng has taken on the position of director of engineering, blockchain, at the company, according to reports and his LinkedIn profile. Before taking the latest position, Cheng led programming languages and runtimes at the tech firm.
Chris Skinner
JULY 1, 2018
The main blog headlines are … When the bank knows you’ve been hacked (before everyone else) You may have seen that Ticketmaster just announced that thousands of customers worldwide may have been affected by a hack. If you didn’t here’s the low-down (via ABC News) The company said its British … The post The Finanser’s Week: 25th June 2018 – 1st July 2018 appeared first on Chris Skinner's blog.
Bank Innovation
JULY 2, 2018
PREMIUM - Cannabis businesses, even when they are legal, have difficulty securing bank accounts, and therefore often deal in cash. But as regulators across the world consider legalizing this market, it may be time for banks to take note of this new customer. Most recently, Canada announced plans in October to legalize the sale, production, […].
Advertisement
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.
Insights on Business
JULY 2, 2018
Data, data, everywhere, but how in fact to THINK. If you’re the ancient mariner of Samuel Coleridge’s epic poem, then you know this rhyme another way, but if you’re in the banking and finance industry, then the words make total sense. As IBM CEO Ginni Rometty mentioned in her 2018 CEBIT keynote address , it is a moment of “exponential impact.” Yes, the value of networks is equal to the square of the nodes that gave rise to platform companies and big data.
PYMNTS
JULY 2, 2018
The world is getting faster these days. Change happens at the speed of, well, if not light, then sound. The information deluge is constant. Commerce is constant. Payments and financial services? Always on, too, and always in demand. There’s no such thing as “bankers’ hours” anymore. No surprise, then, that innovation in the payments space is getting ever-more truncated in terms of time to market.
Chris Skinner
JULY 2, 2018
Things we’re reading today include … PwC ordered to pay $625m over Colonial Bank collapse Barclays moving up to 50 investment bankers to Frankfurt ahead of Brexit UK shadow banking sector worth at least £2.2 trillion UK banks could face new multibillion-pound claims after PPI ruling HSBC aims for growth … The post Things worth reading: 3rd July 2018 appeared first on Chris Skinner's blog.
Bank Innovation
JULY 2, 2018
Let’s talk about relevance. It’s a word that is cropping up again and again, and for good reason: personally relevant communications provide a better service experience for customers. But there is a problem, and it cannot be ignored. Put bluntly, there is a huge gap between brand and consumer expectations regarding it. Recent research shows […].
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.
Expert insights. Personalized for you.
391 
Let's personalize your content