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Things worth reading: 23rd October 2019
Chris Skinner
OCTOBER 22, 2019
Things we’re reading today include … Morgan Stanley elbows out rivals for plum role in $1.5
Trending Articles
E-Commerce Merchants: A Hot Commodity in the Dark Web
Abrigio
OCTOBER 22, 2019
Dark Web | 5 minute read Key Takeaways Cybercriminals are now targeting e-commerce merchants with malware attacks. Merchants of all sizes are being targeted. Financial institutions should be proactive with their fraud prevention on the dark web. . The New Frontier on the Dark Web.
Finastra taps Ripple for real-time payments across borders
Bank Innovation
OCTOBER 16, 2019
Banking technology provider Finastra, which works with more than 9,000 clients, is partnering with payment network Ripple to facilitate real time, blockchain-supported payments for its customers.
Bringing Autonomous Smart Shuttles To the Masses
PYMNTS
OCTOBER 16, 2019
There will be 41.6 billion Internet of Things (IoT)-connected devices around the world by 2025. Consumers and businesses have increasingly employed the technology in a variety of use cases as it becomes more sophisticated, from smart cars to sensors that can be utilized for smart cities.
Chime outages illustrate complexities of digital banking
Mobile Payments Today
OCTOBER 22, 2019
Chime Bank is recovering from its third system outage since July, and this most recent incident is serving as a wake-up call for many in the industry about the vulnerabilities of managing critical financial services in a digital-only environment
Why decentralised currencies are a PEST!
Chris Skinner
OCTOBER 22, 2019
Sometimes you debate stuff and a realisation comes. I had one of these today. When futurists talk about the future, they generally based their opinions on forces of change, known colloquially as PEST. Political, Economic, Social and Technological change.
Mastercard acquires data platform SessionM to help brands boost customer loyalty
Bank Innovation
OCTOBER 22, 2019
Payments giant Mastercard has acquired Boston-based SessionM, a nine-year-old software company that helps clients improve customer relationships through data analysis.
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Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
More Trending
Creating a Customer-Centric, Digital Financial Institution
Abrigio
OCTOBER 21, 2019
A farmer, a university student, and a business owner walk into a bank. It sounds like the beginning of a joke, but for many community financial institutions, a spectrum of different customers and banking needs is something that they see every day.
3 ways to improve the retail app shopping experience
Mobile Payments Today
OCTOBER 18, 2019
With mobile apps poised to become the de facto digital shopping channel, retailers can no longer treat them as an afterthought or merely an extension of the website experience
For Whom The Tweet Chimes: the problems of being cloud native and open
Chris Skinner
OCTOBER 21, 2019
Banks are control freaks. I’ve blogged about that often. I’ve also blogged often about how they need to move to be open and partnering. That’s not easy. It’s obviously easier to launch a brand new bank, fresh with no legacy and open to everything, isn’t it? Not necessarily so.
Zelle posts 58% year over year growth in payment volume, as banks navigate UX
Bank Innovation
OCTOBER 22, 2019
Peer-to-peer payments network Zelle is growing transaction volume, according to numbers released Tuesday by its bank-owned network operator, Early Warning Services.
SoftBank, JP Morgan Discuss Bailout To Prevent WeWork Insolvency
PYMNTS
OCTOBER 16, 2019
SoftBank and JP Morgan are in talks to rescue WeWork before it runs out of money, which is expected to happen by mid-November, CNBC reported on Tuesday (Oct. Sources told CNBC that talks between SoftBank and JP Morgan have been ongoing ever since the startup’s IPO was pulled about two weeks ago. The bailout could involve equity from SoftBank and debt from J.P. Morgan, sources said.
On Spreadsheet Day 2019, Celebrate the App, But Acknowledge Its Limitations
Abrigio
OCTOBER 17, 2019
On Spreadsheet Day 2019, Celebrate the App, But Acknowledge Its Limitations. Sub-category | 10 minute read Key Takeaways Spreadsheet Day is a good time to celebrate this popular tool while examining some vulnerabilities spreadsheets pose for FIs.
Traditional banks accelerate shift towards digital amid competitive pressures
Mobile Payments Today
OCTOBER 18, 2019
Traditional banks in the U.S. and Europe are picking up the transition to digital banking as they face heightened competition from fintech startups and consumers become more and more comfortable with mobile apps and online sites for routine functions
Things worth reading: 22nd October 2019
Chris Skinner
OCTOBER 21, 2019
Things we’re reading today include … Chinese vice foreign minister says progress made in trade talks with U.S
Visa, Mastercard say they just made mobile shopping a lot easier
Bank Innovation
OCTOBER 22, 2019
Smartphones have made taking a photo and checking fantasy football scores a breeze, but inputting credit card details on that small screen can still be frustrating enough that many shoppers just give up, costing retailers billions.
Outback Steakhouse Pilots Machine Learning Tech
PYMNTS
OCTOBER 16, 2019
At multiple restaurants operated by one of its franchisees, Outback Steakhouse is testing machine learning (ML) technology from Presto. The test is focused on the restaurant lobby, but could grow to the kitchen, curbside pickup and dining room areas, CNBC reported. Presto Founder and CEO Rajat Suri said the technology assists restaurants in fixing blind spots, noting that “managers can’t be everywhere at all times.”
Hot baths and warm burritos of a reimagined payments industry
Accenture
OCTOBER 18, 2019
Life in the Middle Ages in Europe was hard. The majority of people’s time was spent on the basics: hauling water from the well, chopping firewood and getting enough to eat.
The changing patterns in cross-border payments markets
Mobile Payments Today
OCTOBER 17, 2019
The cross-border payments market is increasingly complex and creates a series of challenges for ecommerce companies who need to be able to allow customers to pay in the methods they prefer
Mastercard debuts digital ‘cash on delivery’ and real-time bill payments
Bank Innovation
OCTOBER 22, 2019
Mastercard is launching a suite of real-time payment capabilities to grow its value proposition to banks and corporate clients, including a modern twist on ‘cash on delivery’ which lets buyers pay suppliers with one click.
WeChat Pay Rolls Out Utility To Transfer Funds Between Smartphones
PYMNTS
OCTOBER 23, 2019
Tencent’s WeChat Pay is launching a new payments feature that lets people transfer funds using a mobile phone number, TechNode reported on Wednesday (Oct.
To maximise customer revenues, become a “living business”
Accenture
OCTOBER 18, 2019
The approach banks have taken to revenue growth in the past has largely been focused on becoming the single banking provider of all products for their customers.
How Optionality Impacts Your Net Interest Margin
Banker to Banker
OCTOBER 21, 2019
IMPROVING NIM For the majority of bankers, maintaining or increasing net interest margin (NIM) is the single most significant focus today. The shape of the yield curve and lower rates have caused NIM compression across the board and have hurt bank equity performance.
Google versus Government
Chris Skinner
OCTOBER 20, 2019
I’ve been noticing that there are more and more issues arising with the big internet giants. Unlike in China, where the companies are working with governments, the big Western giants work outside government control.
The banking experience in which your financial institution should invest for growth
Bank Innovation
OCTOBER 22, 2019
Across the U.S., banks and credit unions continue to face digital disruption. As mobile banking usage surges, branch visits continue to decline. A BI Intelligence study found that mobile banking is nearing ubiquity, with usage topping in at 83 percent.
Penske Announces Launch Of Carsharing Unit
PYMNTS
OCTOBER 23, 2019
Transportation company Penske Corporation announced that it is rolling out its new carsharing service in Washington, DC and Arlington, VA, this week.
How Credit Unions Can Set Themselves Apart in the Mortgage Lending Business
CU Direct
OCTOBER 17, 2019
Since their inception, credit unions have been able to leverage the membership dynamic to set themselves apart from other financial institutions. But when it comes to building a mortgage lending pipeline, it takes more than just a built-in membership base to serve today’s borrowers’ needs.
How Great Bank Brand Stories Are Built
Banker to Banker
OCTOBER 21, 2019
BANK MARKETING Few bankers doubt the power of great storytelling. Instead of advertising, many banks have evolved into showcasing a customer, employee, or creative narrative that walks the reader to some point of conflict and then tells of a resolution.
The Finanser’s Week: 14th October – 20th October 2019
Chris Skinner
OCTOBER 19, 2019
The main blog headlines are … Talking ’bout my generation I was reflecting on things again. Dangerous. My reflection was on when I grew up. My mum and dad went through the second world war. They feared for their lives and for our future.
Santander rolls out payments solution for North America
Bank Innovation
OCTOBER 21, 2019
Santander Bank has rolled out Santander Cash Nexus, a payments tool solution for the bank’s commercial, corporate and investment banking clients in North America.
Xero, GoCardless Enable Recurring Payment Collection For US SMBs
PYMNTS
OCTOBER 23, 2019
Small business cloud accounting firm Xero is strengthening its partnership with U.K.-based based recurring payments solution provider GoCardless to expand their offerings to U.S. joint customers. The firms announced their expanded collaboration via press release Tuesday (Oct.
[Guide] 5 Opportunities to Transform Retirement Services with AI
Perficient Financial Servies
OCTOBER 16, 2019
Financial services back-office processing, particularly in retirement services, has historically been a very labor-intensive and opaque environment.
ATMIA CEO Q&A: 'Cash and digital payments need to coexist'
ATM Marketplace
OCTOBER 21, 2019
ATM Marketplace caught up with ATMIA CEO Mike Lee at ATMIA Europe in Rome for a long chat about the war on cash and the future of ATMs. We even asked him about bitcoin
Talking ’bout my generation
Chris Skinner
OCTOBER 17, 2019
I was reflecting on things again. Dangerous. My reflection was on when I grew up. My mum and dad went through the second world war. They feared for their lives and for our future.
N26’s Kopp: U.S. expansion coming “in increments”
Bank Innovation
OCTOBER 21, 2019
N26, the digital-only banking brand based out of Berlin, began a staged rollout of its app in the U.S. earlier this summer before becoming widely available to American consumers in August. The brand launched in Europe in 2015 and has since gained 3.5
Deluxe Treasury Management Adds Bill Payment To AR Offering
PYMNTS
OCTOBER 23, 2019
Deluxe Corporation is augmenting its treasury management solution by integrating a bill presentment and payment processing function into its existing accounts receivable tool. Deluxe Treasury Management said in a press release on Tuesday (Oct.
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