Trending Articles

Big Tech Companies Throw Support Behind Fed Creating Real-Time Payments Network

PYMNTS

Amazon , Apple and Google are among the large tech companies that are throwing their support behind the creation of a real-time payments network in the U.S. led by the Federal Reserve.

Public transit systems look to drive down costs, boost ridership with contactless fares

Mobile Payments Today

Public transit systems in New Jersey, New York, Chicago and other major metropolitan areas are converting their systems to accept contactless payments, which experts say will reduce costs and help improve ridership

Compliance will kill the bank

Chris Skinner

I was talking with a banker at a recent conference, and was surprised by his attitude.

What’s new in IBM GRC and OpenPages v8.0?

Insights on Business

Over the past year, the discussion of governance, risk and compliance (GRC) has continued in stories related to financial services and other sectors.

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Will Midterm Results Impact Fintech Regulation in 2019?

Bank Innovation

A majority of Bank Innovation readers do not believe the results of the November midterm elections will have any impact on regulation pertaining to the fintech industry.

How Open Banking Opens Doors For Alternative SMB Lenders

PYMNTS

Use of alternative finance (AltFin) sources among small business (SMB) owners is on the rise, but still has a long way to go before it poses a legitimate threat to traditional banks’ market dominance.

Are you pulling my blockchain?

Chris Skinner

I just gave a presentation on blockchain. I haven’t been asked to make a specific presentation on blockchain for over a year, so it meant dusting off some rusty notes and slides and thinking about where we are today.

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Putting modern payment technologies to the test

Mobile Payments Today

Automated testing is an increasingly important consideration as payment providers, retailers and other companies expand the number of options that consumers and merchants can use

5 Keys to Effective Financial Content Marketing

Bank Innovation

Many financial institutions—especially small, community-focused ones—have limited marketing budgets. As a result, every investment has to count, and every piece of content has to make an impact.

Facebook Data Breach Fines Could Top $1B

PYMNTS

Facebook , the beleaguered social media giant that is facing intense scrutiny into its business practices, could be on the hook for a multibillion dollar fine, reported CNN.

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Come the revolution, who’s first against the wall?

Chris Skinner

I present regularly to retail, commercial and investment banks, wealth managers and fund managers, insurance companies and more about how technology is transforming everything. I often can feel a sense of cynicism in the room.

Artificial Intelligence is a game-changer, but are you AI-ready?

Insights on Business

While contactless uptake slow in US, mobile device sales not seen as factor

Mobile Payments Today

The global slowdown in mobile device sales is not considered a direct factor in the relatively tepid adoption of contactless payments in the U.S., according to industry analysts

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3 Predictions for 2019 from Wells Fargo’s Lisa Frazier

Bank Innovation

No one can say for certain what the future holds for banking and financial services, but some people are in a better position to make guesses than others. One of those whose job is to make bets on what will come next is Lisa Frazier, head of innovation for Wells Fargo & Co. Here are […].

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Robinhood Retreats From Checking, Savings Products

PYMNTS

Robinhood , the FinTech that garnered a lot of attention last week after announcing a checking and savings product with 3 percent interest, has retreated from that, removing any mention of checking and savings from the product.

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From innovation theatre to real innovation

Chris Skinner

I was listening to a great discussion about innovation (again) amongst a group of innovative bankers. As the conversation progressed, it made me reflect on a few things. In particular, how the conversation about innovation has changed over the past decade.

Regtech Rising – How far are we from Robo Regulators?

Daily Fintech

Since the AI boom, there have been several stories about people losing jobs. Repetitive jobs are the ones that are most suited for robots to take over. So would there be a time when we get to tell the Regulators “You are Fired”?

The Future of Fintech Video Series: Clickswitch

Mobile Payments Today

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing

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Remitly CEO Matt Oppenheimer to Join Bank Innovation Ignite

Bank Innovation

Matt Oppenheimer, CEO and co-founder of digital remittance company Remitly, will speak at Bank Innovation Ignite in Seattle in March 2019 on Building the Future of Banking.

Amex Touts Success In Ripple Cross-Border Payments Pilot

PYMNTS

In a renewed show of support for blockchain technology , American Express General Manager of Corporate Payments Carlos Carriedo has suggested that its pilot tests with partner Ripple to enable real-time cross-border corporate payments have been a success.

Things worth reading: 18th December 2018

Chris Skinner

Square Patents Location-Based Tabs For Venues

CB Insights

Square is patenting technology to dominate payments throughout venues. In September 2017, Square invested in Eventbrite, the online event management and ticketing service. .

Europe Card Not Present Fraud Trends

Mobile Payments Today

CNP fraud contributes 73% to total card fraud in Europe. View our latest infographic to learn more

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The Clearing House Does Not See the Need for the Fed to Create a Realtime Payment Rail

Bank Innovation

The Clearing House's "tremendous effort" to bring realtime payments (RTP) to the entire U.S.

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Amazon Dumps Instacart For Whole Foods Deliveries — What’s Next?

PYMNTS

Instacart will have to conquer the grocery-delivery business without the help of Amazon. That’s one take on the news Thursday (Dec. 13) that Instacart has begun the process of winding down deliveries to customers of Amazon-owned Whole Foods.

Things worth reading: 14th December 2018

Chris Skinner

Basis shuts down. Will regulation kill crypto?

Daily Fintech

Last week our theme was “The Action in China.” ” Our theme for this week is “Basis shuts down. Will regulation kill crypto? “ Basis, a cryptocurrency stablecoin, is shutting down and returning the capital to its investors because of regulation challenges.

The Future of Fintech Video Series: LianLian Pay

Mobile Payments Today

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing

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Bank of America Redesigns App for iPad

Bank Innovation

Bank of America has redesigned its mobile app for the iPad. The new tablet design now mirrors the look and functionality of the BofA iPhone mobile banking app.

Hackers Can Unlock Phones Via 3D Printing

PYMNTS

There’s a new method hackers can use to break into someone’s smartphone: create a 3D-print life-size replica of the owner’s head. To show how the method can work, Forbes reporter Thomas Brewster had a 3D print of his own head created at Backface in Birmingham, U.K.

The Finanser’s Week: 10th December – 16th December

Chris Skinner

The main blog headlines are … Open Banking: Strategy and Presentation I haven’t given away my slides and presentation for a while, as it’s part of my unique armoury, but I’m bored with my latest slide deck so here it is. Open Banking Strategy and Business Model from Chris Skinner … The post The Finanser’s Week: 10th December – 16th December appeared first on Chris Skinner's blog. Blog Index Grid Reading

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CPG Brands Tackle The Sharing Economy

CB Insights

Investors have poured billions of dollars into the so-called sharing economy since 2010. Over this same period of post-recession transformation, brick-and-mortar retail has struggled.

Analytics Predictions 2019: Innovations for Ethical AI

FICO

By any measure, 2018 was the Year of Artificial Intelligence—“31 flavors of AI” and then some.

Disruption Is a Fact But Transformation Is a Choice, Wells Fargo Innovation Head Says

Bank Innovation

Innovation is not itself an outcome at Wells Fargo & Company, according to the bank’s head of innovation, Lisa Frazier. But that doesn’t mean it’s not happening.

Report: Only 29 Percent Of EU Firms Are GDPR-Compliant

PYMNTS

It’s been six months since the General Data Protection became law of the land, at least in the European Union, and yet the majority of companies that must be in compliance with that mandate are woefully unprepared.

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Plaid Among Fintechs You’ve Never Heard Of But Changing Banking

Credit Union Geek

No, I’m not talking about the clothing pattern. Plaid is a Fintech startup which just announced a Series C funding round of $250 million. That gives them a valuation of $2.65B. Yes, billion. Chances are, 25% of your credit union members are using their service without even knowing. And Plaid isn’t alone, either in ubiquity or […]. The post Plaid Among Fintechs You’ve Never Heard Of But Changing Banking appeared first on Credit Union Geek.

20+ Fintech Startups Focused On The Elderly

CB Insights

Forget millennials. Fintechs are starting to target a new age demographic: retirees. Today, retirees in the US are increasingly digitally savvy and living longer in retirement. As a result, new fintech startups are emerging to service the financial needs of this growing population. According to the Population Reference Bureau, the number of people age 65+ in the United States is set to jump from 46M in 2015 to 64M by 2025, and on to nearly 100M by 2060. Want the full expert post?