Trending Articles

BNP Paribas, Barclays and Goldman Sachs Invest in AI Startup Digital Reasoning

Bank Innovation

Artificial intelligence startup Digital Reasoning has raised $30 million from a group of major banks, in a round led by French bank BNP Paribas. The other investors include U.K.’s


NEW REPORT: Visa On Arming CUs To Win The War For Millennial Talent


Collaboration has seemingly become the new name of the game in the credit union landscape. Increasingly, CUs and other players in the space are coming together to keep members happy and well-served.

BofA On Using APIs To Boost B2B Payments


If some is good, more is better. That seems to be the idea among banks both big and small when it comes to APIs , as several players from around the financial services industry recently increased their investment in APIs, rolling out new solutions aimed at making B2B payments more efficient. .

Convenience will be at the center of how retailers answer Amazon Go

Mobile Payments Today

Go isn't necessarily a new concept, but Amazon's take on cashierless shopping brings with it questions about the future of retail, and changes the way we as consumers buy goods

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Fighting financial crime at IBM Think 2018

Insights on Business

Regulatory pressure, in terms of policy changes and increased scrutiny, is forcing banks to seek technological changes and advancements to meet evolving regulatory and compliance requirements. This is resulting in financial institutions spending heavily on KYC, AML and surveillance solutions.

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IBM Think 2018 day 1 recap

Insights on Business

It’s been a full day at IBM Think, and while Ginni’s much-anticipated keynote is tomorrow, there are no shortages of learning, networking, and, food! A few highlights that were some of the more notable happenings at the first full day of Think: Announcement of the world’s smallest computer.


Are you really a digital bank? (just shake it off)

Chris Skinner

I was in a conversation the other day where someone asked me how I can tell if a bank is really trying to be a digital bank or just a bank. Off-the-cuff I immediately said that I have a litmus test to work out the answer to that question. I … The post Are you really a digital bank? just shake it off) appeared first on Chris Skinner's blog. Digital Bank Grid Opinion

How Affirm Wants To Push ‘Honest Financing’ Into Physical Retail


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BBVA to Test Invisible Payments at ‘Ciudad BBVA’

Bank Innovation

Spanish bank BBVA will be testing its invisible payment strategy in-house, allowing employees and staff to use an app to pay for purchases without taking out their wallets, the bank announced today.

CONNECT Summit to tackle emerging technology's impact on restaurants, retail

Mobile Payments Today

Mary Hines, the global head of rewards for Citi, is scheduled to give the opening keynote for the conference


Watson at Work at IBM Think: Meeting compliance through cognitive computing

Insights on Business

Maintaining regulatory compliance is a daunting task. Up to 200 regulatory changes occur every day, varying from large scale regulation like Dodd Frank, to minute changes to the font and size of footnotes in regulation text.


WeChat: the real Beast from the East

Chris Skinner

I’ve written a lot about Alibaba, Ant Financial and Alipay. This is not because I endorse or want to advertise the company, but because they are the first company to have embarked on a global financial inclusion strategy and have been marking it happen. Ant Financial is now some of … The post WeChat: the real Beast from the East appeared first on Chris Skinner's blog. Case Studies Digital Bank Fintech Grid Inclusion

Retail Bankruptcy Tracker: Claire’s And Grocers Throw In The Towel


As sad as the end of Toys R Us may be, the iconic toy store is far from the only retailer struggling these days — and it’s not the only one throwing in the towel this week. Say goodbye to Claire’s, the girls’ accessories chain, which on Monday (March 19) filed for Chapter 11 bankruptcy protection. And, of course, grocery giants such as Amazon, Walmart and Kroger continue to put smaller players out of business.


India’s Embrace of The Startup

Bank Innovation

The startup culture in India is beginning to heat up. INV Fintech, Bank Innovation’s accelerator arm, has seen an increase in applications from India, and currently has two Indian companies in its accelerator. To facilitate the creation of an entrepreneurial and innovative ecosystem, the Government of India, through its premier policy Think Tank called the Niti.Read More.

FSS Reconciliation Brochure

Mobile Payments Today

Transform Economics, Scale and Efficiency of Reconciliation Operations


Kicking off Think 2018 with intelligent automation in banking

Insights on Business

“Intelligent automation allows business and technology to function together for a common goal instead of against working against one another.”. – Saket Sinha, IBM Vice President & Partner, Banking & Financial Markets.


The lies spread by bankers about cryptocurrencies

Chris Skinner

I had a chat with The Financial Times the other day, and provided lots of background as to why I don’t think cryptocurrencies are the choice of criminals. The comment that was reported was the following: Chris Skinner, a financial technology author, said it was “complete rubbish” to suggest the main … The post The lies spread by bankers about cryptocurrencies appeared first on Chris Skinner's blog. Blockchain Crime Fintech Future Grid Numbers Opinion Regulation

Facebook Loses $36.7B In Market Value Amid Steep Data Scandal Sell-Off


Facebook’s stock tanked in trading Monday (March 20), erasing $36.7 billion in market valuation and hitting a low not seen in four years thanks to its latest privacy scandal, this time with Cambridge Analytica. With the social media giant facing severe backlash from regulators, politicians and consumer groups in both the U.K. and the U.S., investors sold off shares of the stock in droves, taking other tech names and the broader market down with it.


Southeast Asia’s Grab Moves Into Financial Services with Loans, Insurance

Bank Innovation

Rideshare company Grab, a rival of Uber based in Southeast Asia, is moving into financial services, aiming to serve those customers that might be underserved by traditional institutions in the region, company co-founder Anthony Tan announced today.

Talking With: InfoVista's Ricardo Belmar about the supposed retail apocalypse, mobile payments

Mobile Payments Today

Ricardo Belmar, senior director, worldwide enterprise product marketing at InfoVista, has been entrenched in the world of networks, technology and retail customer experience for decades. Retail Customer Experience, a Mobile Payments Today sister publication, caught up with him at the recent NRF 'Big Show' to get his perspective on what's ahead

China’s Surveillance State: AI Startups, Tech Giants Are At The Center Of The Government’s Plans

CB Insights

Facial recognition technology is penetrating deep into China. Cameras track passengers at railway stations, identify homeless people on the streets, and even monitor worshippers in state-approved churches. China’s nation-wide surveillance project, named Skynet, began as early as 2005.


Do bankers believe the Sun goes around the Earth?

Chris Skinner

Twenty-five years ago (yes, I am seriously old!) I was a consultant to insurance companies and banks talking about Business Process Re-Engineering (BPR). The thrust of my focus was to redesign the company from a customer-centric view first. The consultancy did get business but rarely achieved this objective, as no … The post Do bankers believe the Sun goes around the Earth? appeared first on Chris Skinner's blog.

Amex Files Blockchain Faster Payment Patent


American Express has reportedly filed a patent related to faster payments and blockchain technology, reports in CoinDesk said. The U.S. Patent and Trademark Office released the patent application filed by American Express Travel Related Services Company, the payment technology firm’s travel unit, which outlines the use of blockchain technology to accelerate payments between two parties.

How Do You Drive Customer Value with Mobile? [VIDEO]

Bank Innovation

Mobile payments may not be mainstream in the United States quite yet, but it’s growing to be a more popular payment method as new smartphones, devices, and features make their way across the consumer stage.

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What Payments Trends Should You Follow in 2018? | Mobile, ATMs, biometrics, wearables and more

Mobile Payments Today

Innovative technologies and evolving consumer behaviors have laid the foundations for an exciting 2018. Download our new infographic and explore what might be in store for mobile payments, wearables, ATMs, biometrics and much more

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INFOGRAPHIC: How Netflix Uses Big Data to Drive Success


Anyone with a Netflix subscription understands the process of finding a movie or TV show to watch. You go to the website and see the shows that you recently watched, some shows that are recommended and maybe a few show ratings. Each Netflix user has his or her unique set of options.

If you are struggling with debt, here’s some good advice

Chris Skinner

I’ve seen several friends suffering with mental health issues. Much of it is caused by stress with work but, equally, I’ve noticed that a lot of it has to do with stress with money. Someone loses their job and only have savings that cover them for the shortest time. I‘ve … The post If you are struggling with debt, here’s some good advice appeared first on Chris Skinner's blog. Crime Grid Opinion


A Tisket, A Tasket, Building Stronger Shopping Baskets


The U.S. Census Bureau claims 92 percent of retail still happens in a store, but those who’ve really been paying attention over the last few years know that’s an old headline. The more interesting news is 100 percent of consumers are looking to transact how they actually want to these days.


Innovation Must Be Measurable to Be Valuable [VIDEO]

Bank Innovation

The word “innovation” get thrown around a lot in banking these days (ah-hem!), but Lara Druyan, managing director, head of innovation, west coast, for the Royal Bank of Canada warned that without metrics, it is easy for innovation efforts to get “squishy.”

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Carrier billing in Central & Eastern Europe: market report by Fortumo

Mobile Payments Today

This market report gives an overview of the mobile landscape in the largest countries of Central & Eastern Europe (CEE): Russia, Ukraine, Poland, Romania, Czech Republic, Hungary, Azerbaijan, Belarus, Bulgaria and Serbia

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Is fragmentation holding back mobile payments in the US?


Mobile payments are quickly becoming the standard way of completing point-of-sale transactions for a growing number of people, and this is a trend that’s being seen around the world.

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Things worth reading: 20th March 2018

Chris Skinner

Things we’re reading today include … RBS works up plans for standalone digital bank FCA calls for global effort to speed up fintech growth Aldermore to push into business banking following FirstRand takeover Catching cyber-crooks From Wall Street to weed: How the financial crisis lit up the pot industry U.S. bans … The post Things worth reading: 20th March 2018 appeared first on Chris Skinner's blog. Reading

China To Ban Use Of Transportation By Citizens That Committed Social Misdeeds


China is reportedly using its social credit system to prevent people who have committed crimes such as spreading fake news about terrorism or creating problems on flights from riding on transportation for as long as a year.

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Most People Would Still Invest in Bitcoin

Bank Innovation

EXCLUSIVE – Think the bitcoin craze has died down? Think again. A new report shows that six out of 10 people with no current exposure to cryptocurrencies would consider including altcoins and bitcoin in their investment portfolios.