Payments Dive
JUNE 8, 2018
Gen Z is on the scene and ready to leave their own mark on banking and payments. This latest generation, born after 1999, view the world completely differently than those who have gone before.
Bank Innovation
JUNE 6, 2018
PREMIUM -- This past spring, Mastercard debuted a voice-assisted ordering and payment service at Pizza Hut in Singapore with the help of Softbankâs robotics division. But an application programming interface (API) that would allow for any developer to build a Mastercard "conversational" payments application remains in development. The payments network is working on the API now, but […].
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Chris Skinner
JUNE 3, 2018
Every now and then, someone writes something better than me and, if they’re very nice, they let me republish their content on this blog. Ben Robinson of Temenos is one of those guys. Two years ago, he wrote a great insight into banking business models and, last week, he did it … The post Firms need business model change, not blockchain appeared first on Chris Skinner's blog.
PYMNTS
JUNE 7, 2018
Payments are getting ever faster and global in nature. Real-time payments are becoming part of the landscape. PSD2 is reality and open banking is fostering demand for open APIs. To that end, collaborative efforts between banks and FinTechs are on the rise, where joint programs seek to hasten the availability of technology that dovetails with open banking.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Payments Dive
JUNE 6, 2018
A new survey commissioned by Transaction Network Services explores attitudes among US, UK and Australian adults to the use of new technology when making payments at unattended terminals. Find out how many use wearables and digital wallets at unattended POS terminals, such as kiosks, vending machines, meters and more.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Chris Skinner
JUNE 6, 2018
Another day talking culture, leadership and change for digital, and a fascinating review of the five things banks mess up when considering partnering. This presentation was from the Chief Digital Officer (CDO) of a major European bank. The presentation was titled How not to screw up my next partnership â … The post Are you changing the bank or just sucking-up to the CEO?
PYMNTS
JUNE 5, 2018
Millennials are finally moving out of mom and dadâs house and creating their own households, which has increased demand in the housing market. At the same time, supply has taken a hit due to a shortage of skilled labor. Rising mortgage rates and lumber prices are only compounding the problem. This imbalance of supply and demand is proving to be a perfect storm for home improvement chains.
Payments Dive
JUNE 5, 2018
Apple Pay, Google Pay and Samsung Pay aren't going anywhere, but U.S. consumers are not enthusiastic about using them at the physical point-of-sale. But the industry could do some things to help bump adoption and incentivize merchants to accept NFC-enabled mobile payments.
Bank Innovation
JUNE 8, 2018
PREMIUM - When was the last time you went to your bank branch to deposit money? Still thinking? That's because most of the daily banking activity has shifted from branches to the smartphone. But that's not to say people donât use bank branches at all. They do, but not for the same reasons as they […].
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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 overwhelmingâwhere 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
JUNE 5, 2018
My second and last day at Money2020 Europe was packed with networking, meetings, panel discussions, private events and more. Throughout the day, the themes of the first day kept bubbling over. I guess it was typified with the comment that the CEO of TransferWise announced how happy they are to … The post #Money2020Europe Day Two: Don’t mess with my data appeared first on Chris Skinner's blog.
PYMNTS
JUNE 5, 2018
The first baby born on the blockchain is expected to enter the world at a small clinic in rural Tanzania this week. What does that mean â to be born on the blockchain? Has the world finally gone too far with its distributed ledger obsession? Just the opposite, Niall Dennehy, COO of AID:Tech would argue â more like itâs finally found a use case that is more practical and more noble than cryptocurrencies.
Payments Dive
JUNE 7, 2018
It's time for a look back at last month's most-read content on the site.
Bank Innovation
JUNE 5, 2018
Businesses produce data every second, while some of it can help an organization make data-backed decisions about business activities, much of it will sit in data warehouses never to be seen again. But some companies have become data masters and found ways to use data not just to innovate but create change within their industry. […].
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In this report, youâll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organizationâs current and future use of automation. The reportâs 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
Chris Skinner
JUNE 8, 2018
I got called out in one review of my new book Digital Human calling it a “futurist’s wet dream”, which I thought was a bit much. The reviewer doesn’t work in finance, didn’t like my views on science fiction becoming science fact, didn’t buy into the revolutions of humanity and … The post I found a troll! appeared first on Chris Skinner's blog.
PYMNTS
JUNE 5, 2018
McDonaldâs has not had an easy road. It had to continually rebrand itself to keep up with changing consumer sensibilities around health. It has also had to shift strategies to keep up with competition from other QSRs â which is no longer just about the âburger warsâ between McDonaldâs, Burger King and Wendyâs , but has expanded to the breakfast hour as more chains crowd into the category that â for a while at least â set McDonaldâs apart.
Payments Source
JUNE 7, 2018
The Patriot Act, for example, requires all U.S. businesses to comply with regulations issued by the Office of Foreign Assets Control. Those that fail to comply, knowingly or inadvertently, are susceptible to significant fines and even legal action, writes Peter Shore, general manager of Transpay.
Bank Innovation
JUNE 5, 2018
Security breaches continue to be an ever-present threat for financial institutions. Defending against attacks and authenticating customers without creating undue friction is something financial institutions have not yet completely solved. Consumers seem to be willing to use more secure methods to access their accounts, but not necessarily give up on ease and speed of transacting. […].
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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
JUNE 4, 2018
The good thing about blogging is that I have a public record of my thinking. Hence, I can claim that Banking-as-a-Service (BaaS) is mine. Thatâs because I was presenting the idea ten years ago and blogged about it in February 2009. Now, no idea is unique, and the BaaS idea … The post #Money2020Europe Day One: Will banks become ‘safes’ for data?
PYMNTS
JUNE 7, 2018
As financial institutions grapple with compliance costs, a finance industry organization in Asia wants regulators to allow new technologies that could help them fight money laundering. For example, the Asia Securities Industry and Financial Markets Association (ASIFMA) would like to see more use of know your client ( KYC ) checks to help reduce costs, Reuters reported.
Payments Source
JUNE 6, 2018
Circle Internet Financial Ltd., one of the worldâs most valuable cryptocurrency platforms, is looking to make a big leap into the highly regulated realm of U.S. banks and brokerages.
Bank Innovation
JUNE 6, 2018
PREMIUM -- Digital payments are on the rise across the globe. In the U.S., the worldâs largest economy, the use of mobile payments has increased significantly in the past two years. Add to that mix the prevalence of e-commerce and, the growing popularity of P2P apps, such as Venmo and Zelle, as well as digital banking. […].
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.
Chris Skinner
JUNE 5, 2018
Things we’re reading today include … Dutch central bank warns about the rise of the cashless society World Bank warns trade tensions could cause 2008-level crisis RBS shares sold at £2bn loss as Treasury says it is ‘unrealistic’ taxpayers will ever make profit City watchdog criticises TSB’s ‘poor’ communications ahead … The post Things worth reading: 6th June 2018 appeared first on Chris Skinner's blog.
PYMNTS
JUNE 5, 2018
Citi is the first corporate bank to enroll in the U.K.’s Open Banking Directory in an effort to enhance payment and collection services for business clients, the FI said Monday (June 4). Citi announced it is joining the Directory as a Payment Initiation Service Provider (PISP), enabling the bank to pilot payment and collection services for its corporate customers. “We see open banking as a significant development in the banking landscape in Europe and increasingly in other regions, a
Bobsguide
JUNE 8, 2018
Many organizations are making the move to cloud-native platforms as their strategy for digital transformation. Cloud native allows companies to deliver fast-responding, user-friendly applications with greater agility. However, the architecture of the data in support of cloud-native transformation is.
Bank Innovation
JUNE 5, 2018
Card-issuing platform Marqeta sees a lot of potential in working with challenger banks across Europe, and to fuel this opportunity, the Oakland, Calif.-based company took in $45 million in funding, Jason Gardner, founder and CEO, told Bank Innovation. Investors in this funding round include VC firm ICONIQ Capital and Goldman Sachs. The new round, announced today, […].
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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.
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