Bank Innovation

MARCH 16, 2017

What’s keeping bankers awake at night in 2017 – and what’s helping them leap out of bed in the morning, ready to help make customers’ financial dreams come true? We got a glimpse of this at Bank Innovation 2017, our invite-only event in Silicon Valley earlier this month. (If If you missed the action and are […].

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PYMNTS

AUGUST 14, 2020

Amazon India has added an online pharmacy to its offerings in Bengaluru, one of the nation’s largest cities with a population of nearly 12 million. the state agency that manages liquor licenses, granted approval for Amazon to sell alcohol online. Amazon started moving into the health space in 2017.

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Chris Skinner

DECEMBER 4, 2017

Things we’re reading today include … Brazil’s first online bank ramps up innovation Behind the rusty vault doors of an abandoned Alabama bank The survival hopes of big banks may rest on machines Big banks putting UK’s free-to-use ATM network at risk, warns peer Mastercard to repurchase up to $4 … The post Things worth (..)

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Bank Innovation

JANUARY 24, 2018

American Express is the “most-loved” financial service on social media in 2017, according to a recent report, followed by PayPal, Vanguard and bitcoin. NetBase examined 55 brands across sectors including banking, credit cards, investment banking, payment services, insurance, online lenders and crypto.

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Chris Skinner

AUGUST 1, 2017

Things we’re reading today include … Goldman plans to expand online bank to Europe: treasurer Take Your Time, Bank of England Bank of America Files for 3 New Blockchain Patents Bank of England staff strike over pay for first time in more than 50 years Deutsche Bank backs the City … The post Things worth reading: 2nd August 2017 appeared (..)

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Chris Skinner

JULY 26, 2017

Innovate Finance has just published their report on the first half of 2017, and the investments made in FinTech. Billion in H1 2017 –with UK investment up 37% reveals Innovate Finance H1 2017 saw 787 deals globally, attracting $6.5 billion invested in first half of 2017 appeared first on Chris Skinner's blog.

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Chris Skinner

AUGUST 3, 2017

Things we’re reading today include … Drug Rings Laundered Cash Through ATMs of Australia’s Biggest Bank: Crime Agency Swiss bank Julius Bär plans expansion in UK with new offices Carney warns Brexit uncertainty is building RBS plans to make Amsterdam its EU base after Brexit SoftBank invests in US online … The post Things worth (..)

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Chris Skinner

NOVEMBER 21, 2017

Things we’re reading today include … EU’s Barnier Says Brexit Means Banks Lose EU Passporting Too-big-to-fail banks keep getting bigger Brexit: Banks to start shifting jobs from London NatWest admits online banking glitch as some customers struggle to log in HSBC slapped with record Hong Kong fine over sale of … The post Things worth (..)

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Chris Skinner

AUGUST 8, 2017

Things we’re reading today include … Santander blocked trans woman’s bank account because she ‘sounded like a man’ Why are Britain’s banks blaming customers for online banking fraud?

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Bank Innovation

NOVEMBER 23, 2017

EXCLUSIVE—All eyes are on bitcoin as 2017 draws to a close: will the notoriously volatile cryptocurrency end the year at a $10,000 value? Like most things in cryptocurrency, this is debatable: on the one hand, bitcoin’s current climb — the currency passed $8,000 earlier in the month — is giving the $10K camp plenty of […].

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Bank Innovation

SEPTEMBER 13, 2017

Finovate Fall 2017 continued its second day of demos with financial service companies showing off everything from biometric solutions for traders, to how to program an old gumball machine to accept mobile payments.

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Bank Innovation

SEPTEMBER 11, 2017

Fraud remains a significant problem for financial services to solve, especially as digital and online banking becomes more prevalent in the industry. For the average FI and online lender, approximately one-third of all monthly transactions will be fraudulent.

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Bank Innovation

DECEMBER 19, 2017

EXCLUSIVE — The year of 2017 has been marked with more than a few good and not-so-good trends: but we’ll stick to fintech.

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Bank Innovation

JUNE 12, 2017

2017 was a tumultuous year, but despite some stops and starts, innovation in finance is only gaining more momentum.

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PYMNTS

JANUARY 16, 2018

Attempts to commit online fraud jumped during the holiday season, increasing 22 percent from Thanksgiving to December compared to a year ago. ACI said peak fraud days are typically driven by shipment cutoffs, levels of consumer traffic and transactions that are purchased online and picked up in stores.

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Chris Skinner

FEBRUARY 21, 2017

Things we’re reading today include … How’s your online bank security looking? The post Things worth reading: 22nd February 2017 appeared first on Chris Skinner's blog.

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Chris Skinner

MAY 29, 2017

Things we’re reading today include … Brexit: French officials in ‘serious’ talks with banks about leaving London Singapore’s central bank fines Credit Suisse, UOB over AML breaches Are banks about to operate completely online? The post Things worth reading: 30th May 2017 appeared first on Chris Skinner's blog.

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PYMNTS

AUGUST 14, 2017

There seems to be an awful lot of piling on these days on the big online platforms. billion into Snap since it started in 2012, and its IPO in March of 2017 raised $3.4 When Amazon was just about selling books online, its competition was the physical bookstore. Investors put $2.65 billion more. Then there’s Amazon.

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Bank Innovation

MARCH 6, 2017

The conversational AI company today announced KAI Insights, a data-driven service that will be integrated into its KAI for Banking platform, during the Bank Innovation 2017 event taking place in San Jose, Calif. Kasisto wants to make proactivity the norm when it comes to banking.

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Chris Skinner

JULY 26, 2017

The post Things worth reading: 27th July 2017 appeared first on Chris Skinner's blog.

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PYMNTS

SEPTEMBER 5, 2018

It was a good holiday season for online retailers in 2017 — particularly Amazon. According to Gartner, online retail sales rose 14.7 percent year-over-year during the 2017 holiday season to $108 billion. Nearly 85 percent of holiday sales were in physical stores in 2017. Amazon was the big winner in that increase.

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PYMNTS

JANUARY 2, 2020

As it aims to tap into its massive digital subscriber base to take on worldwide eCommerce companies, Mukesh Ambani’s Reliance Industries is launching an early version of its online retail offering. The company has reportedly emerged as the strongest rival to the existing online shopping leaders India, Flipkart and Amazon.

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Bank Innovation

NOVEMBER 15, 2017

EXCLUSIVE- Online consumer lender Marcus by Goldman Sachs has reached its annual goal for loan originations. Martin Chavez, chief financial officer for Goldman Sachs, showed in a slideshow at a Bank of America Merrill Lynch event yesterday that Marcus had already surpassed $1.96 billion in originations as of Nov.

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Bank Innovation

FEBRUARY 14, 2017

In this episode of Breaking Banks, host Brett King explores the growing landscape of Chinese and Indian fintech–in between keynoting at the 2017 NextMoney Fintech Finals in Hong Kong.

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Bank Innovation

SEPTEMBER 12, 2017

Finovate kicked off its 2017 Fall conference with demos from about 40 financial technology companies on its first day yesterday in New York.

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PYMNTS

NOVEMBER 24, 2017

This Cyber Monday could be the biggest online shopping day in history, according to Wednesday (Nov. Rather, it indicates a strengthening economy and an overall increase in spending both online and in physical store locations. By comparison, just 48 percent of survey respondents said they planned to shop online on Cyber Monday.

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Bank Innovation

JANUARY 6, 2017

Juan Benitez, general manager and chief technology officer of Braintree, a PayPal subsidiary, will participate in a fireside chat at Bank Innovation 2017. Bank Innovation 2017, March 6-7 in San Jose, Calif., will feature dozens of speakers on investing in innovation, chatbots, open banking ecosystems, blockchain and more.

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Bank Innovation

DECEMBER 10, 2016

“The use of Artificial Intelligence to anticipate the customer’s needs will be an area of growth not only in 2017 but throughout the foreseeable future. AI Anticipates Customer Needs Andy Hernandez, Head of eBusiness, Regions Financial Corp. Simply put, we want to break down barriers for customers by consistently Read More.

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PYMNTS

AUGUST 11, 2020

Many people who previously would not have considered buying a car online are giving it a second thought. In a recent CarGurus survey, 60 percent of respondents said they were open to buying a car online versus 32 percent before. PYMNTS reported in March that “the online car business will take a huge hit from the crisis disruption.

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PYMNTS

JANUARY 15, 2018

31, 2017, helped to bring the total amount of money donated on the PayPal platform in 2017 to more than $8.5 Following 2017’s Hurricane Harvey, PayPal was a payment option on the American Red Cross website, where users were able to donate in amounts from $10 to $500 via the nonprofit’s online portal. 27 through Dec.

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PYMNTS

DECEMBER 30, 2019

Small businesses continue to flock to online platforms to find much-needed financing, with banks still failing to fill the demand for small to medium-sized business (SMB) loans despite economic growth in the U.S. But the majority of online SMB lenders do not disclose publicly their fees and interest rates, reports warned.

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PYMNTS

FEBRUARY 14, 2020

An online scam targeted $4 million in retirement funds from at least four Puerto Rico agencies, according to reports on Thursday (Feb. This incident comes as the island is still recovering — and facing financial scrutiny — from 2017’s Hurricane Maria and a series of earthquakes. Authorities have frozen at least $2.9

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PYMNTS

JANUARY 9, 2018

It appears that 2017 was a good year for omnichannel shopping, particularly according to the eCommerce Foundation’s recently released “United States Ecommerce Country Report” that covered eCommerce data from the last year. The majority of online shoppers today appear to be between 18 and 34 years old. According to D.J.

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Chris Skinner

APRIL 23, 2017

The interview is now online so I thought I would share it here ….BANK: I’ve blogged about how I see leadership in the developing (developed now) economies of China and India, and the new innovation models of emerging economies in Sub-Saharan Africa, but not quite in the way in which I see them now.

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PYMNTS

FEBRUARY 10, 2017

The outlook isn’t stellar either, as Moody’s projects the sales decline for department stores to continue into continue in 2017. But leaner inventory levels and other efforts to boost earnings don’t appear to be sufficient, and as a result, we have lowered our 2016 forecast and become more cautious on 2017.”. “But

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Let's Talk Payments

APRIL 29, 2017

The e-commerce industry is rapidly changing with ever-evolving trends and an increasing number of online shoppers every year. Convenience is attributed as the biggest factor in the growth in the.

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PYMNTS

JUNE 18, 2018

And, in 2017, furniture brought in approximately $4 billion, retail news source Chain Store Age reported. The news comes as Amazon was gearing up in 2017 to build four or more warehouses to handle what it expects to be booming orders of bulky household items. Furniture was the second fastest-growing segment of online retail in the U.S.,

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