Chris Skinner

DECEMBER 16, 2018

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. We’ve heard all this before and yes, I’ve pointed this out several times: The boy … The post Come the revolution, who’s first against the wall?

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Retail Management Technology Company 269

PYMNTS

DECEMBER 16, 2018

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. According to the report citing the Irish Data Protection Commission, Facebook is under investigation by the regulator over allegations it failed to protect the privacy of its users.

Data 202

Data social media Regulation Report 202

Chris Skinner

DECEMBER 16, 2018

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.

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Maine Strategy 216

PYMNTS

DECEMBER 16, 2018

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. According to a report in Bloomberg , when Robinhood announced the products last week , it compared them to traditional bank accounts, boasting a 3 percent interest rate on both checking and savings.

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FDIC Fintech Regulation Report 191

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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

Lending

Payments Source

DECEMBER 16, 2018

If they don't have them in place already, financial services firms need to provide digital budgeting tools, mobile payment and banking services before young consumers flee to other providers, says Chris Koeneman, senior vice president of strategic solutions for MOBI.

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Millennials Payments Tools Mobile 117

Payments Source

DECEMBER 16, 2018

Cross-border payment startups like TransferWise and Xoom achieved rapid market growth by enabling consumers in emerging markets to receive funds via mobile wallets, cutting out intermediaries. Now legacy remittance giants Western Union and MoneyGram are improving their own resources to send funds directly to recipients' mobile wallets.

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Mobile Marketing Resources Fintech 113

PYMNTS

DECEMBER 16, 2018

Payment providers in the U.K. are not fully prepared for the chance of a no-deal Brexit, warned the European Banking Authority late last week. According to a report in Reuters citing the European Union’s watchdog for the payments industry, the regulator said in its Risk Assessment Report, which it releases each year, that it was worried that the smaller and less sophisticated payment companies don’t have plans in place to deal with a no-deal Brexit.

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Payments Maine Regulation Groups 161

FICO

DECEMBER 16, 2018

It’s often said that if you can’t measure it, you can’t improve it and this is particularly relevant when you’re managing a delicate balancing act. Financial institutions face this every day as they try to manage the sometimes conflicting needs of controlling fraud, growing the business and keeping customers happy. Doing a fantastic job of driving fraud rates down is undermined if it creates a negative impact elsewhere in the business.

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Fraud Customer Experience Management Security 52

PYMNTS

DECEMBER 16, 2018

The Office of the New York State Attorney General Barbara Underwood announced late last week it reached settlements with five companies whose mobile apps failed to keep user data safe when it was being sent over the internet. According to a statement from Underwood, the AG settled with Western Union Financial Services , Priceline , Equifax , Spark Networks and Credit Sesame.

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Security New York Data Mobile 139

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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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The Financial Brand

DECEMBER 16, 2018

Over 100+ photos of new branch designs show how banks are moving away from tellers and transactions to lounges and retail hangouts. The post Branch Experience Showcase: Stunning Designs From Banks Around The World appeared first on The Financial Brand.

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Branch Design Branding Retail 33

PYMNTS

DECEMBER 16, 2018

Teenage bitcoin millionaire Erik Finman is now saying that the cryptocurrency is “dead.”. “Bitcoin is dead, it’s too fragmented, there’s tons of infighting, I just don’t think it will last,” Finman told MarketWatch. “It may have a bull market or two left in it, but long-term, it’s dead.”. Finman famously took a $1,000 gift from his grandmother to buy bitcoin, going on to make more than $4 million during the crypto’s $20,000 run.

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Bitcoin blockchain cryptocurrency ATM 173