Trending Articles

Survey: Banks just aren’t ready for digital

Chris Skinner

I’ve just been reading Jim Marous’s Digital Banking Report which ties in nicely with my new book Doing Digital, as the themes are similar.

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Stuck-in-the-past Japanese banks wary of fintech revolution

Bank Innovation

Japan’s effort to nudge its more than 100 struggling regional lenders into the digital age is floundering.

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European payments on gas

Chris Skinner

Just before Christmas I heard of a new European payments initiative called PEPSI, short for Pan European Payment System Initiative. Nice acronym although I prefer Coca-Cola, the Co-ordinated Car Co-operative Association. Or something like that.

How blockchain will impact the supply chain

Mobile Payments Today

Blockchain technology can provide excellent tools for supply chain management. Former Coca-Cola executive Kraig Adams talks about how he got involved with blockchain technology and how it will transform supply chain management

Cannabis Banking: Mitigating Reputation Risk to Financial Institutions

Abrigo

Key Takeaways The number of institutions banking cannabis grew significantly in 2019. Despite Federal ambiguity, State Regulators are beginning to clearly define their stances on cannabis banking.

Why shell companies are so risky (and hard to spot)

Insights on Business

Shell companies and the hidden threat of entity risk. While not inherently illegal, shell companies have been getting a lot attention recently for the role they play in illegal activity.

Toyota Financial’s New Zealand arm inks fintech partnership

Bank Innovation

Toyota Finance New Zealand (TFNZ) has partnered with Ephesoft, an AI-powered data capturing platform, to help streamline and automate its loan-application processes, Ephesoft’s Founder and Chief Executive Ike Kavas told Auto Finance News.

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Facial recognition hardware may secure the future of mobile commerce

Mobile Payments Today

The use of facial recognition hardware in mobile devices is expected to surge in the next few years, reaching more than 800 million devices by 2024. Facial recognition software however will still dominate

Learning to live with PSD2: reducing customer journey friction

Accenture

Guest bloggers Philip Cooney and Gaurav Bansal explore the pain points around PSD2 and how banks are trying to reduce friction for their customers. A few weeks ago, I (Phil) submitted my weekly grocery order and set off to meet a friend for dinner. I expected to hear no more about it until my order….

Things worth reading: 23rd January 2020

Chris Skinner

Temenos to help US clients launch digital banks in 90 days

Bank Innovation

The race to create a challenger bank just got more competitive with a ready-made solution from core provider Temenos that can help brands stand up a digital bank in as few as 90 days.

DocuSign Wages War On Phishing

PYMNTS

More than 4.1 billion consumer accounts fell victim to data breaches during the first half of 2019 — to the tune of $4 million in lost revenue per breach. This comes to approximately one hack every 39 seconds, and affects a wide range of businesses and customers.

Red Sox affiliate looks to boost concessions with autonomous checkout

Mobile Payments Today

The Pawtucket Red Sox became the first professional sports team to announce an autonomous checkout store, to be located in Polar Park, a ballpark the team is building. The company's owner has joined the technology firm to introduce autonomous checkout to other facilities

Case Study: How To Win More Loan Business

Banker to Banker

We work on thousands of lending transactions every year with hundreds of community banks across the country.

Things worth reading: 17th January 2020

Chris Skinner

Banking licenses an opportunity to create fintech hub in Singapore

Bank Innovation

Singapore is becoming a haven for e-commerce companies looking to get into banking in Asian markets.

$500M Rescue Plan Considered For Debt-Burdened Taxi Drivers

PYMNTS

A New York City-appointed panel is seeking a $500 million bailout to help taxi drivers trapped in unscrupulous medallion loans, The New York Times reported on Wednesday (Jan.

Traditionalists: Not technophobes, just keen on human contact

Accenture

Accenture’s ground-breaking 2019 Global Financial Services Consumer Study has seen four mindsets emerge from the data: Pioneers, Sceptics, Traditionalists and Pragmatists. In this series of blog posts, we’ll look at each type in the Australian context.¹

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Increase Deposits The Easy Way and Get a 150%+ Return [Template]

Banker to Banker

When you are a banker, sometimes your workload doesn’t come in neat memos or emails. A lot of stuff just gets dropped off on your desk with notes to “Fix This” (like below) or solve that. Fortunately, a lot of these problems are easy to solve.

The global new banking brew

Chris Skinner

Another useful person in my online network is Steve McLaughlin of @FTPartners, who I spotted sent a tweet last week saying they had produced a challenger bank report.

B2B fintech Biller Genie helps banks automate business payments

Bank Innovation

Business payment startups and banks are rushing to offer clients the same kind of intuitive, automated payment experience that consumers have come to expect from their favorite personal finance apps.

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Crowdz Pilots Invoice Crowdfunding Platform InvoiceXchange

PYMNTS

B2B invoicing and payments firm Crowdz has announced a new pilot aimed at connecting businesses to crowdfunding services to finance their unpaid invoices. In a press release sent to PYMNTS Thursday (Jan.

The New Era of Customer Experience

ATM Marketplace

ACG Capabilties

Mastercard seeks loyalty in augmented reality

Payments Source

Even in mature markets, consumers may not feel very connected to their payment cards. This is making issuers more reliant on selling data-driven experiences over simple transaction processing. Augmented reality Mobile payments Mastercard Loyalty and rewards

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Things worth reading: 22nd January 2020

Chris Skinner

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HSBC launches real-time payments for business clients

Bank Innovation

HSBC is improving payments for its business clients through a suite of tools launched last week called Treasury APIs, which are designed to speed up payments for small businesses and large corporate clients alike. HSBC’s Treasury APIs embed payment capabilities into other workflows.

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Fairway Said To Seek Bankruptcy That Keeps Some Stores Open

PYMNTS

Grocery chain Fairway is in bankruptcy negotiations with Village Super Market Inc. to keep some stores open as Fairway attempts to sell the company, Bloomberg reported Wednesday (Jan. Village Super Market Inc., headquartered in New Jersey, owns ShopRite.

ACG Customer Portal

ATM Marketplace

Customer Portal for Parts Ordering "We Made it Easy "

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The future of retail: Bricks blast back at e-commerce

Payments Source

The future of brick and mortar retail is somewhere in the swamps of Jersey. Buried beneath a virtual sea in a place once called Xanadu is an underwater version of New York, a nautical Times Square where marquis scream “Piranha of the Opera,” and “Krill Grill.”.

The Finanser’s Week: 13th January 2020 – 19th January 2020

Chris Skinner

The main blog headlines are … Bye-bye FinTech I just spent time with a bank talking about Doing Digital. The host had read a preview copy of my new book and was asking a few questions about it. What had surprised me the most in my talks with five banks?

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Jack Ma’s booming loan business threatens Visa, AmEx in China

Bank Innovation

As Visa Inc., Mastercard Inc. and American Express Co. prepare to enter China for the first time, one of their biggest competitive threats will come from a company that doesn’t issue credit cards.

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US Local Governments And The Slow Death Of The Check

PYMNTS

Local and state government agencies tend to approach innovation slowly and methodically, but careful vetting and execution have drawbacks for disbursement developments.

Oregon 155

ACG Gaming/Casino Support Services

ATM Marketplace

ACG Gaming/Casino Support Services

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The Customer Experience in Financial Services

Perficient Financial Servies

Previously, I discussed why financial services firms should focus on digital transformation. This blog will analyze the aspects customer experience. Customer experience (CX) is not the same as customer service.

Things worth reading: 21st January 2020

Chris Skinner

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Digit expands bill-pay automation

Bank Innovation

Personal finance app Digit is growing its bill payment automation capabilities with a new feature that pays users’ phone bills. The platform already allows for scheduled payments for credit cards and student loans.

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SoftBank-Backed Grofers Hires 4K Employees For Shopping Event

PYMNTS

Online grocery company Grofers has contributed ?100 100 crore to boost its India operations. A top official also confirmed that the company has hired 4,000 more employees to staff its nine-day shopping event, according to a report. The “Grand Orange Bag Days” (GOBD) online event began on Jan.

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