Sun.Nov 04, 2018

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Becoming a Digital Bank: the how and why

Chris Skinner

I recently had a chat with Monica Murthy of Empire Startups. Here’s the low-down. Starting From Scratch – The Path for Western FinTech It would be incorrect to call Chris Skinner an industry old hat, since despite his 10+ years in the FinTech industry, he’s known for being on the … The post Becoming a Digital Bank: the how and why appeared first on Chris Skinner's blog.

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Amazon Slams Crystal City For HQ2 Leak

PYMNTS

Amazon has reportedly held advanced discussions about opening its second headquarters in Crystal City, Virginia — and the eCommerce giant isn’t happy about that news leaking to the press. According to The Washington Post , sources have revealed that Crystal City is so confident that the city’s top real estate developer, JBG Smith, has pulled some of its buildings off the leasing market, and local officials are making plans for a public announcement after the midterm elections.

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The Finanser’s Week: 29th October – 4th November

Chris Skinner

The main blog headlines are … Clash of clans … or new bank versus old bank (Fidor, BPCE) I was talking with some friends at the most innovative bank in Europe. A bank that has stopped getting on my radar for the past few years. I first blogged about them back … The post The Finanser’s Week: 29th October – 4th November appeared first on Chris Skinner's blog.

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5G Comes To Apple Phones By 2020

PYMNTS

A report says that 5G technology will be arriving for Apple iPhones sometime in 2020. According to Fast Company , a source revealed that Apple’s 5G iPhone will launch in 2020, with the company planning to use Intel’s 8161 5G modem chip in its smartphones. If Intel is able to fabricate the 8161 using its 10-nanometer process, it will be the sole provider of iPhone modems.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

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Things worth reading: 5th November 2018

Chris Skinner

Things we’re reading today include … Barclays and Lloyds among the worst performers in EU bank stress test Bank sales culture needs to change says review Bank of England bans Doctor Who from £50 note Goldman Sachs signs 100,000 customers to its new retail bank, Marcus, in just over a … The post Things worth reading: 5th November 2018 appeared first on Chris Skinner's blog.

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Payments’ future has room for both cash and open banking

Payments Source

Cash is unlikely to go anywhere, while application programming interfaces promise a wealth of new innovation, according to Devon Watson, CMO of Diebold Nixdorf.

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US retail banking: Gap growing between giants and community players

Bobsguide

The gap between the product and service offerings of the US’s biggest retail banks and its smaller community players is set to become much more pronounced, says Tyrone Canaday, managing director and global head of innovation at Protiviti – the New York based consultancy.

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Synthetic fraud undermines traditional ID theft security

Payments Source

Synthetic fraud brings the pain from many angles — a fluid mix of fake credentials and phony accounts that can overwhelm traditional identity theft tools.

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Signicat Interview: Aron Kozak talks on federated identity and level of assurance

The Paypers

(The Paypers) Aron Kozak, Signicat : When it comes to federated identities, we believe that blockchain specifically is not well suited

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The State of Automation in Financial Services 2024 Report

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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Is This Community Bank’s Bold Digital Play The Model Of The Future?

The Financial Brand

Here's how a community bank in Kansas City is partnering with fintechs, simplifying its products and processes, and expanding nationally. The post Is This Community Bank’s Bold Digital Play The Model Of The Future? appeared first on The Financial Brand.

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Bitcoin Daily: SEC ICO Enforcement Is On The Rise, Israeli Startups Raise $600M Through ICOs

PYMNTS

The U.S. Securities and Exchange Commission ( SEC ) revealed in its annual report that it brought enforcement actions upon more than a dozen digital assets and initial coin offerings (ICOs) in the fiscal year that ended September 30. “In just a few years, the prevalence of crypto-asset offerings, including ICOs, has exploded,” according to the report.

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Three Revenue Models Support Financial Security For Consumers

The Financial Brand

There are 3 types of sustainable revenue models that can support financial wellness, build trust and create value for consumers and banking organizations. The post Three Revenue Models Support Financial Security For Consumers appeared first on The Financial Brand.