Chris Skinner

APRIL 11, 2017

I blogged recently about American banks beating up the regulators to stop account access via APIs. I heard this in various White House meetings in 2016, and assumed all banks and bank people felt the same way. The only person who should access bank data is the customer, the banks bleat.”

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US Policies Washington New York 299

Perficient

JUNE 1, 2023

As the financial services industry continues to evolve, companies are looking for ways to stay ahead of the competition and increase their market share. One way to do this is by leveraging the power of generative AI. Perficient can help deliver solutions to transform your organization.

Compliance 251

Compliance Industry Regulation Data 251

PYMNTS

NOVEMBER 24, 2020

FinTech startup Plaid is partnering with banking platform Jack Henry & Associates to advance the Plaid Exchange for more than 350 financial institutions (FIs). “We The tie-up gives Jack Henry customers access to the Plaid network and provides extra security to the 350-plus financial institutions using Jack Henry’s Banno digital platform.

Fintech 198

Fintech San Francisco Community Bank Regional 198

PYMNTS

DECEMBER 18, 2020

Gojek , which bills itself as "Southeast Asia's leading on-demand services and payments platform," said in a news release that it has invested in Indonesia-listed technology-based Bank Jago. The parties did not disclose precise terms of the investment, but said Gojek now holds about 22 percent of Bank Jago.

Resources 192

Resources Technology Strategy Digital Banking 192

PYMNTS

OCTOBER 22, 2020

Tennessee-based First Horizon Bank has moved its digital platform to the NCR D3 program, which a press release says will offer more seamless solutions. Pat Kelly , chief digital officer of First Horizon Bank, said it was important to provide clients with "a fast, easy and intuitive digital banking experience," for which NCR fit the profile.

Digital Banking 183

Digital Banking Tennessee National Payments 183

PYMNTS

JANUARY 12, 2021

Wells River Savings Bank will gain access to the RTP® network built by The Clearing House (TCH) via SHAZAM, Inc. 12) announcement from the Vermont-based financial institution (FI), which noted that Atlantic Community Bankers Bank (ACBB) will offer funding agent functions. according to a Tuesday (Jan.

Vermont 140

Vermont Community Community Bank Customer Experience 140

PYMNTS

NOVEMBER 24, 2020

At a time when the global pandemic and ensuing economic upheaval have blurred the boundaries between traditional means of payment, the CEO of global payment- and banking-solution provider i2c says the biggest business opportunity ahead will be in credit, with mobile becoming the biggest game-changer. All About Mobile.

Mobile 310

Mobile social media Fintech Innovation 310

PYMNTS

NOVEMBER 23, 2020

The FTC said way back in February (feels like a lifetime ago!) Back then, Edwards noted that mobile check fraud was escalating so much that some banks were shutting off the feature entirely. Several are down to about 5 percent of their customer base having access to it,” Edwards told Webster.

Fraud 252

Fraud Mobile Technology Course 252

PYMNTS

NOVEMBER 12, 2020

PYMNTS’ November 2020 Disbursements Tracker® , done in collaboration with Ingo Money , states that “FIs that support digital and mobile payment tools could help these consumers access financial solutions without using traditional accounts, but many FIs must address age-old challenges before they can roll out such tools.”

Mobile 202

Mobile Study Tools FDIC 202

South State Correspondent

MARCH 7, 2023

Last week, we convened a group of 30 bankers to train on ChatGPT and ideate around new banking products related to the enterprise version. While we covered the 15 ways we use ChatGPT HERE to enable banking productivity, this class focused on productizing the application for banking needs. Along with ChatGPT 3.

Training 195

Training Video Tools US 195

Independent Banker

MARCH 31, 2022

My bank’s tagline is ‘Where dreams meet solutions,’ and it serves as my guiding inspiration at the bank and, now, at the national level. As community bankers, our customers depend on us to keep their dreams alive. As community bankers, our customers depend on us to keep their dreams alive. We’re more than just banks.

Community 182

Community Community Bank National Meeting 182

PYMNTS

JULY 2, 2020

New Chinese lender Ping An OneConnect , along with HSBC , are both working to help ease small- to medium-sized businesses (SMBs) into new virtual, more efficient bank accounts, a report from Yahoo Finance says. The Hong Kong Monetary Authority (HKMA) issued eight virtual banking licenses last year as a way to jump-start competition.

Meeting 170

Meeting Retail US Operations 170

South State Correspondent

MAY 18, 2023

This month, we rolled out “Tate,” our generative AI chatbot driven by ChatGPT that was designed to increase the productivity of our employees and allow us to become familiar with large language models. Because of the many unknowns in generative AI, we landed on an internal-only use case to start. In these sessions, you can dream.

US 195

US Training Examples Data 195

PYMNTS

SEPTEMBER 23, 2020

23) it is collaborating with Goldman Sachs Bank USA to provide the payments platform for the bank’s digital transaction service. Built from scratch in the cloud, the Goldman Sachs Transaction Banking Platform was crafted to provide secure and easy access for corporate clients, Volante said. Volante Technologies Inc. ,

Payments 151

Payments Analytics Apple Google 151

Chris Skinner

JULY 26, 2017

Afterwards, they picked out 12 statements I made that they thought particularly noteworthy, so thought I would repost them here: 12 Noteworthy Quotes on the Future of Banking The digital revolution is fundamentally impacting every industry across the board, and banking is no exception — in fact, far from it.

Analytics 283

Analytics Fintech Industry Digital Banking 283

PYMNTS

FEBRUARY 20, 2020

As Open Banking spreads further into the small business (SMB) financial services market, accounting and lending platforms are taking advantage. bank sets its data sharing rules for FinTech firms. If FinTech firms don’t agree, JPMorgan will bar them from accessing the information, reports said, as well as screen-scraping tools.

Lending 217

Lending Taxes Fintech Data 217

Perficient

FEBRUARY 2, 2023

Visa launched its pilot biometric payment card with Mountain America Credit Union and Bank of Cyprus, introducing the fingerprint scan as an alternative authentication method to a pin number. To use this offering, cardholders enrolled a fingerprint to have securely stored on their card.

Industry 471

Industry Trends social media Payments 471

PYMNTS

JUNE 29, 2020

The COVID-19 pandemic is one of the most monumental crises the banking industry has faced, and the sector must stare down the dual challenges of creating safety measures at branch locations while addressing the ongoing economic downturn that has stretched their capacity for processing and deferring loans.

Digital Banking 317

Digital Banking Mobile Study Guidelines 317

South State Correspondent

APRIL 3, 2023

In recent articles ( here and here ), we discussed why banks that take the interest rate movement risk demonstrate lower performance as measured by return on assets (ROA). Empirical evidence, historical bank failures, and common sense teach us that many risks do not translate to higher yields.

Community Bank 195

Community Bank Community Lending Marketing 195

PYMNTS

APRIL 23, 2020

Branch visits are vital to customers’ financial lifestyles, despite mobile and online banking’s growing popularity. One bank working to ensure its in-branch systems match its online capabilities is Cleveland, Ohio-based KeyBank , which operates 1,197 branches across the country and handles more than $137 billion in assets.

System 226

System Digital Banking Guidelines Online 226

PYMNTS

NOVEMBER 14, 2019

MoneyGram has announced a partnership with Cambodian bank Wing on a digital wallet venture that will allow funds to be deposited directly into customers’ accounts. Our partnership with MoneyGram has allowed us to increase our global presence and keep friends and family from around the world connected.

Mobile 253

Mobile National Tools Strategy 253

Independent Banker

OCTOBER 1, 2022

By identifying the preferred banking and spending habits of different generations, scammers can tailor how they reach their targets. We look at community banks’ options for fighting this type of crime. Financial fraud and cyber attacks aren’t a one-age-fits-all scenario. By Katie Kuehner-Hebert. Rehman Khan, Travelers.

Fraud 133

Fraud social media Millennials Examples 133

PYMNTS

JULY 6, 2020

Facilitating this support has become critical for lenders during the pandemic, notably those providing access to the U.S. Enabling digital access to loan applications is just one step in ensuring SMBs can access the funds they need to weather the pandemic. This challenge is in some ways familiar for Kabbage.

Georgia 147

Georgia Atlanta Tools Lending 147

PYMNTS

JUNE 26, 2020

More than 10,000 financial institutions (FIs) around the world are implementing or exploring open banking , an emerging trend in the financial industry that allows banks and FinTechs to freely share their data, encouraging collaboration and the development of new customer-facing services. Open Banking’s Data Benefits.

System 198

System Data Security Examples 198

PYMNTS

AUGUST 10, 2020

These efforts include TCH’s efforts to connect financial institutions’ (FIs’) core banking systems to the company’s Real-Time Payments (RTP) network, along with what card networks and FinTechs are doing to enable real-time push payments to receiver bank accounts. Real time is getting ever closer to prime time.

US 345

US Payments Maine System 345

Independent Banker

NOVEMBER 30, 2022

Clockwise from top left: Grand Ridge National Bank, Wheaton, Ill.; Community Financial Services Bank, Benton, Ky.; Bank of Montana, Missoula, Mont.; CNB Bank, Berkeley Springs, W.Va.; Midwest Bank, Norfolk, Neb. Bank of Montana: Breaking the mold. Bank of Montana. Tom Swenson, Bank of Montana.

Community Bank 169

Community Bank Community Montana Leadership 169

PYMNTS

APRIL 10, 2020

It’s an existential threat that can be mitigated going forward, i2c President Jim McCarthy told PYMNTS, by card products – particularly commercial and corporate cards issued by the existing network of banks and FinTechs – and used inventively to solve acute cash flow problems. Think about the SBA as an example.

Trends 140

Trends Fintech Cards Examples 140

PYMNTS

JULY 2, 2020

Much has been written about how delivering fiat currencies digitally can boost financial inclusion and perhaps streamline financial services. The blockchain layer sits on top of a network of 200 banks, the firm said in a release — and the public blockchain is being described as the first one that is “fiat native.”. is immutable).

blockchain 226

blockchain Idaho Regulation Bitcoin 226

Bobsguide

APRIL 27, 2022

Bank will accelerate its cloud strategy with Finastra’s Fusion KTP in the cloud, enabling faster access to innovation and a proactive approach to global treasury management. The move will enable the bank to harness a fully integrated treasury management platform and gain faster access to innovation and time to market.

Management 113

Management Innovation Operations Strategy 113

Chris Skinner

APRIL 16, 2017

This week’s main blog headlines are … Three rules for banking bots Writing more and more about chatbots, robots and AI, I can see a day coming in the not too distant future where we won’t be able to tell the difference between the human and the machine. This is exactly where digital plays into our hearts. Well, they don’t.

Maine 202

Maine Analytics America Policies 202

PYMNTS

NOVEMBER 25, 2020

The age of artificial intelligence (AI) is upon us, where data feeds and models are used in the service of everything from verifying the digital identity of remote users to approving or denying a bank loan application. Facial recognition is about exposing one’s identity. Boots on the Ground .

social media 353

social media Data Examples Training 353

PYMNTS

SEPTEMBER 22, 2020

The San Francisco-based company said the infusion of new cash will be used to reinvent its web product and expand the platform overseas. . This new funding will allow us to. Students with a school email address get access to the virtual campus calendar. All of my weddings have all been moved to next year,” Cowie said.

San Francisco 225

San Francisco social media California New York 225

South State Correspondent

SEPTEMBER 20, 2022

Last week, the American Banking Association (ABA) held its annual Bank Marketing Conference in Denver, receiving rave reviews. Amid the brewery networking, superhero costumes, and fun, some fantastic bank marketing lessons were had, and not just for bank marketers. Bank Marketing Lesson 9: Goal Setting – A Common Theme.

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Conference Marketing social media Data 195

Independent Banker

OCTOBER 31, 2022

After 40 years in its Cape Giradeau branch, Wood & Huston Bank moved to a new building and allowed firefighters to train in its former building. Before Wood & Huston Bank’s former headquarters was demolished, the community bank lent the space to a local fire department for critical, hands-on training.

Training 162

Training Community Illinois US 162

Abrigo

OCTOBER 20, 2020

Key Takeaways Gain an understanding of the current state of banking and future expectations. The banking industry has faced many challenges in 2020, from transitioning to CECL, managing Paycheck Protection Program loans, and navigating an unprecedented economic recession. Plan for new technology and innovations. Drive Growth.

Management 195

Management Lending Community Strategy 195

PYMNTS

JANUARY 21, 2019

The letter cited what has become the all-too-familiar talking point about the state of faster payments in the U.S. The letter highlighted that access to the payments systems today is only possible through incumbent intermediaries – the banks and the card networks – which have not kept pace with the needs of consumers and businesses.

Payments 194

Payments System Innovation Cards 194

PYMNTS

NOVEMBER 24, 2020

The pandemic is reshaping banking. The conversation came against a backdrop where, as noted in a recent PYMNTS Tracker , a majority of Americans did their banking online last year. As more banking has shifted online, an increasing amount of that online activity is occurring across mobile conduits.

Digital Banking 267

Digital Banking Analytics Mobile Cards 267