Things we’re reading today include … Amazon can go big in finance but is unlikely to open a bank, Goldman says Bank ready to act if UK faces disorderly Brexit, Mark Carney says The World’s Most Profitable Banks Can Be Found in India Trump signs the biggest rollback of bank … The post Things worth reading: 25th May 2018 appeared first on Chris Skinner's blog. Reading MORE
The main blog headlines are … Dubai: cutting edge or bleeding edge? I travel a lot and go to several countries that have smart leadership and smart cities. These cities and countries – you know who you are – are in the forefront of innovation and claim to be visionary. … The post The Finanser’s Week: 21st May 2018 – 27th May 2018 appeared first on Chris Skinner's blog. Blog Index Grid Reading MORE
For women around the world, freelancing in the digital economy isn’t just convenient – it’s empowering, especially as gender pay disparity comes under scrutiny across the corporate workspace. MORE
I travel a lot and go to several countries that have smart leadership and smart cities. These cities and countries – you know who you are – are in the forefront of innovation and claim to be visionary. So, I was surprised when I was planning a trip to one … The post Dubai: cutting edge or bleeding edge? appeared first on Chris Skinner's blog. Grid Humour Opinion MORE
Li Xiaolai, the Chinese cryptocurrency celebrity has just gained a new title for himself a month ago – founding partner of Grand Shores Capital. Why is it special? Because it is jointly funded by Hangzhou Yuhang District Government, Future Sci-Tech City Management Commission and Tunlan Investment. MORE
So, I’m presenting at a Corporate Treasury event, and we get into talking about distributed ledger technology (DLT) and blockchain. Comments are made around so many tests and proofs of work and concept, but so little production. At this point, someone made the comment that it will happen from the … The post Some day my DLT will come appeared first on Chris Skinner's blog. Blockchain Digital Bank Fintech Grid Opinion MORE
authorities said Friday (May 25) that Russian hackers had “compromised hundreds of thousands of home and office routers and could collect user information or shut down network traffic,” according to a report from Reuters. The new follows warnings earlier this week about a potential massive cyberattack timed to a soccer match in the Ukraine. MORE
Last week, I had the pleasure of hosting a panel at the SIFMA Ops conference in Phoenix. Joined by leaders from UBS, Morgan Stanley, DTCC and Price Waterhouse Cooper, we explored where the industry was with adopting AI technologies. MORE
With all the digitization efforts (PSD2 went live in January and GDPR will take effect in two days) in the banking sector, European traditional banks still face a problem with onboarding new retail customers: prospective customers drop out before they complete the onboarding process. MORE
Quite a few people talk about invisible banking today. The idea is that banking transactions and services should be invisible as if they are noticeable, as in visible, then that means you have pain and friction which should have been removed. A good example of invisible banking is the iTunes … The post Do customers really want ‘invisible banking’? appeared first on Chris Skinner's blog. Digital Bank Grid MORE
Among the latest hopes for healthcare payments is blockchain. Touted by observers and industry players as one of the top trends that could impact medical billing and data management for 2018, the technology is increasingly being viewed as part of the path to better efficiency in payments. MORE
Fortumo's latest market report gives an overview of the mobile payments landscape in Latin America. It covers 9 of the biggest countries in the region by population where Fortumo has coverage: Brazil, Mexico, Colombia, Argentina, Peru, Chile, Ecuador, Guatemala and Bolivia MORE
The changing bank branch is a twofold story of innovation and closures. The physical bank branch is by no means dead, but is trending toward consolidation or closure, as in the case of Iberia Bank in Louisiana. Earlier this week, the regional bank announced the closure of 22 branches. MORE
There are a multitude of reasons to attend the upcoming ICX Summit being held in Dallas in June. Here are five top reasons not to miss the annual event from Networld Media Group, which publishes Mobile Payments Today MORE
Back in the 1980s, Walter Wriston, the then Chief Executive and Chairman of Citibank, said that “information about money is becoming more important than money itself”. His successor, John Reed, said that “banking is just becoming bits and bytes”. A quarter century later, this vision of the future of finance … The post Do bank leaders really need to be digital? appeared first on Chris Skinner's blog. Grid Opinion MORE
Your credit union has set its 2018 budget, but it has some limited extra funds to invest in the short-term. Where should it invest right now to get the most bang for the ROI? In part one of our two-part article series, we discussed how optimizing existing systems can be a smart lending strategy that. MORE
One clear conclusion we can make, based on recent trends in the financial services industry, is that the increasing prevalence of new transaction methods does not necessarily mean that more traditional payment mechanisms are being left behind MORE
The payments technology space just keeps getting hotter. Last week, U.S. payments business PayPal bought iZettle, while today Dutch payments platform Adyen confirmed its plans to go public. These significant moves confirm that the large players in the space are getting larger. MORE
The age of contextual commerce has arrived – even if many mainstream customers aren’t aware of it. While they may not call it “engaging in contextual commerce,” nearly 60 percent of consumers have done just that – and most of those shoppers say they enjoyed the experience and would try it again. MORE
This infographic looks at the results of a survey, commissioned by TNS, which explores the attitudes to and willingness of adults to make card payments at a variety of unattended terminals. Download for insights into willingness to buy food/drink, clothing and electronics, as well as acceptance of a charge to make a card payment MORE
Many banks have started using artificial intelligence to enhance customer service, whether through chatbots, customer acquisition or money management capabilities. MORE
The main blog headlines are … Big bank thinking and the danger of the technology testing hole Building on Friday’s blog about small bank thinking, there’s another anomaly that occurs with big banks which is their usual response to technology is to test it. The problem with testing technology is … The post The Finanser’s Week: 14th May 2018 – 20th May 2018 appeared first on Chris Skinner's blog. Blog Index Grid Reading MORE
For years, as financial services became increasingly digital, credit scoring remained stubbornly unchanged, but there are indications, from the regulators on down to startups, that this is finally changing. MORE
Cyberattacks on American financial institutions are at an all-time high, with more and more cybercriminals eyeing consumers’ financial data and other sensitive information. MORE
Some of the biggest banks in Europe are urging regulators to increase oversight of large technology companies that are moving into the financial services market. The Financial Times , citing some of the banks, reported that the new open banking rules that require European Union lenders to provide account access of customers to third parties has resulted in concerns on the part of bankers that Chinese and U.S. MORE
A few years ago, I wrote about the inexorable rise of Google and Amazon in finance. MORE
Whether it’s buying the latest fitness wristband or a smart toy for the toddler, it can often be like wrestling between the desire to pick up on the latest trend or waiting to see its demand and security issues play out in the news. MORE
Remember when blockchain was the new technology buzzword on the … block? Still buzzy, if not so new in the nomenclature. Now blockchain is on everyone’s lips, and has been for a while. MORE
Following high-profile incidents like the Cambridge Analytica breach, internet data privacy concerns are at a tipping point. As more consumers find their data being misused by firms, regulators are globally stepping up to protect them. MORE
Even more than winning on mobile, banks would like to minimize security threats. Banks lost $16.8 billion to fraudsters last year, according to a Javelin report, and the number of U.S. customers victimized by such attacks increased to 16.7 million, up from 15.4 million in 2016. MORE
There are quite a few lending solutions these days for small businesses -- Funding Circle, OnDeck, Kabbage, and Square Capital, to name a just a few -- but innovation and digitization are lagging in other areas, such as digital account opening. MORE
Tokenization and encryption are often mentioned together because they both cipher sensitive card data; however, they are not interchangeable terms MORE
As the use of chip cards becomes more prevalent, consumers are able to pay more securely, but not necessarily more quickly (or conveniently). Chip card transactions can take up to 15 seconds. When time is money, 15 seconds can feel like an eternity MORE
Life is tough. It is difficult to step back and take perspective on tough. We have an inbox full of e-mails to attend to, meetings to prepare for, and customers to serve. We cherish the three day Memorial Day Weekend to step away from it all, if only temporarily. MORE
PYMNTS
MAY 25, 2018
Remember when blockchain was the new technology buzzword on the … block? Still buzzy, if not so new in the nomenclature. Now blockchain is on everyone’s lips, and has been for a while.
Bank Innovation
MAY 25, 2018
For years, as financial services became increasingly digital, credit scoring remained stubbornly unchanged, but there are indications, from the regulators on down to startups, that this is finally changing.
Bank Innovation
MAY 21, 2018
Even more than winning on mobile, banks would like to minimize security threats. Banks lost $16.8 billion to fraudsters last year, according to a Javelin report, and the number of U.S. customers victimized by such attacks increased to 16.7 million, up from 15.4 million in 2016.
Mobile Payments Today
MAY 22, 2018
There are a multitude of reasons to attend the upcoming ICX Summit being held in Dallas in June. Here are five top reasons not to miss the annual event from Networld Media Group, which publishes Mobile Payments Today
Advertisement
Last year, we hosted the 2017 MVP Awards across three of our sites. In order to get ready for this year’s coming awards across even more of our sites, we’re catching up with some of our judges from the previous awards who offered their time and insight to make the awards even better. Take a look!
Bank Innovation
MAY 23, 2018
With all the digitization efforts (PSD2 went live in January and GDPR will take effect in two days) in the banking sector, European traditional banks still face a problem with onboarding new retail customers: prospective customers drop out before they complete the onboarding process.
Mobile Payments Today
MAY 24, 2018
Fortumo's latest market report gives an overview of the mobile payments landscape in Latin America. It covers 9 of the biggest countries in the region by population where Fortumo has coverage: Brazil, Mexico, Colombia, Argentina, Peru, Chile, Ecuador, Guatemala and Bolivia
Disruptive Finance
MAY 26, 2018
A few years ago, I wrote about the inexorable rise of Google and Amazon in finance.
Chris Skinner
MAY 24, 2018
Quite a few people talk about invisible banking today. The idea is that banking transactions and services should be invisible as if they are noticeable, as in visible, then that means you have pain and friction which should have been removed. A good example of invisible banking is the iTunes … The post Do customers really want ‘invisible banking’? appeared first on Chris Skinner's blog. Digital Bank Grid
PYMNTS
MAY 22, 2018
The age of contextual commerce has arrived – even if many mainstream customers aren’t aware of it. While they may not call it “engaging in contextual commerce,” nearly 60 percent of consumers have done just that – and most of those shoppers say they enjoyed the experience and would try it again.
Bank Innovation
MAY 24, 2018
Many banks have started using artificial intelligence to enhance customer service, whether through chatbots, customer acquisition or money management capabilities.
Mobile Payments Today
MAY 24, 2018
One clear conclusion we can make, based on recent trends in the financial services industry, is that the increasing prevalence of new transaction methods does not necessarily mean that more traditional payment mechanisms are being left behind
CU Direct
MAY 23, 2018
Your credit union has set its 2018 budget, but it has some limited extra funds to invest in the short-term. Where should it invest right now to get the most bang for the ROI? In part one of our two-part article series, we discussed how optimizing existing systems can be a smart lending strategy that.
Chris Skinner
MAY 23, 2018
So, I’m presenting at a Corporate Treasury event, and we get into talking about distributed ledger technology (DLT) and blockchain. Comments are made around so many tests and proofs of work and concept, but so little production. At this point, someone made the comment that it will happen from the … The post Some day my DLT will come appeared first on Chris Skinner's blog. Blockchain Digital Bank Fintech Grid Opinion
PYMNTS
MAY 23, 2018
Cyberattacks on American financial institutions are at an all-time high, with more and more cybercriminals eyeing consumers’ financial data and other sensitive information.
Mobile Payments Today
MAY 23, 2018
Tokenization and encryption are often mentioned together because they both cipher sensitive card data; however, they are not interchangeable terms
CB Insights
MAY 22, 2018
Following high-profile incidents like the Cambridge Analytica breach, internet data privacy concerns are at a tipping point. As more consumers find their data being misused by firms, regulators are globally stepping up to protect them.
Chris Skinner
MAY 27, 2018
The main blog headlines are … Dubai: cutting edge or bleeding edge? I travel a lot and go to several countries that have smart leadership and smart cities. These cities and countries – you know who you are – are in the forefront of innovation and claim to be visionary. … The post The Finanser’s Week: 21st May 2018 – 27th May 2018 appeared first on Chris Skinner's blog. Blog Index Grid Reading
PYMNTS
MAY 25, 2018
Among the latest hopes for healthcare payments is blockchain. Touted by observers and industry players as one of the top trends that could impact medical billing and data management for 2018, the technology is increasingly being viewed as part of the path to better efficiency in payments.
Bank Innovation
MAY 22, 2018
There are quite a few lending solutions these days for small businesses -- Funding Circle, OnDeck, Kabbage, and Square Capital, to name a just a few -- but innovation and digitization are lagging in other areas, such as digital account opening.
Mobile Payments Today
MAY 23, 2018
As the use of chip cards becomes more prevalent, consumers are able to pay more securely, but not necessarily more quickly (or conveniently). Chip card transactions can take up to 15 seconds. When time is money, 15 seconds can feel like an eternity
Jeff For Banks
MAY 26, 2018
Life is tough. It is difficult to step back and take perspective on tough. We have an inbox full of e-mails to attend to, meetings to prepare for, and customers to serve. We cherish the three day Memorial Day Weekend to step away from it all, if only temporarily.
Chris Skinner
MAY 25, 2018
I travel a lot and go to several countries that have smart leadership and smart cities. These cities and countries – you know who you are – are in the forefront of innovation and claim to be visionary. So, I was surprised when I was planning a trip to one … The post Dubai: cutting edge or bleeding edge? appeared first on Chris Skinner's blog. Grid Humour Opinion
PYMNTS
MAY 25, 2018
authorities said Friday (May 25) that Russian hackers had “compromised hundreds of thousands of home and office routers and could collect user information or shut down network traffic,” according to a report from Reuters. The new follows warnings earlier this week about a potential massive cyberattack timed to a soccer match in the Ukraine.
Bank Innovation
MAY 23, 2018
The changing bank branch is a twofold story of innovation and closures. The physical bank branch is by no means dead, but is trending toward consolidation or closure, as in the case of Iberia Bank in Louisiana. Earlier this week, the regional bank announced the closure of 22 branches.
Daily Fintech
MAY 26, 2018
Li Xiaolai, the Chinese cryptocurrency celebrity has just gained a new title for himself a month ago – founding partner of Grand Shores Capital. Why is it special? Because it is jointly funded by Hangzhou Yuhang District Government, Future Sci-Tech City Management Commission and Tunlan Investment.
Chris Skinner
MAY 24, 2018
Things we’re reading today include … Amazon can go big in finance but is unlikely to open a bank, Goldman says Bank ready to act if UK faces disorderly Brexit, Mark Carney says The World’s Most Profitable Banks Can Be Found in India Trump signs the biggest rollback of bank … The post Things worth reading: 25th May 2018 appeared first on Chris Skinner's blog. Reading
PYMNTS
MAY 24, 2018
Some of the biggest banks in Europe are urging regulators to increase oversight of large technology companies that are moving into the financial services market. The Financial Times , citing some of the banks, reported that the new open banking rules that require European Union lenders to provide account access of customers to third parties has resulted in concerns on the part of bankers that Chinese and U.S.
Bank Innovation
MAY 24, 2018
The payments technology space just keeps getting hotter. Last week, U.S. payments business PayPal bought iZettle, while today Dutch payments platform Adyen confirmed its plans to go public. These significant moves confirm that the large players in the space are getting larger.
Mobile Payments Today
MAY 22, 2018
This infographic looks at the results of a survey, commissioned by TNS, which explores the attitudes to and willingness of adults to make card payments at a variety of unattended terminals. Download for insights into willingness to buy food/drink, clothing and electronics, as well as acceptance of a charge to make a card payment
The Paypers
MAY 23, 2018
(The Paypers) US-based eSignature platform IMM has announced that 84 banks have recently adopted IMM eSign
Chris Skinner
MAY 20, 2018
The main blog headlines are … Big bank thinking and the danger of the technology testing hole Building on Friday’s blog about small bank thinking, there’s another anomaly that occurs with big banks which is their usual response to technology is to test it. The problem with testing technology is … The post The Finanser’s Week: 14th May 2018 – 20th May 2018 appeared first on Chris Skinner's blog. Blog Index Grid Reading
PYMNTS
MAY 25, 2018
Whether it’s buying the latest fitness wristband or a smart toy for the toddler, it can often be like wrestling between the desire to pick up on the latest trend or waiting to see its demand and security issues play out in the news.
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