Sun.Nov 17, 2019

The future of money according to the Swiss (shhh, it’s not bitcoin)

Chris Skinner

I just saw an interesting report produced and released by SIX Group that talks about the future of money.

Fed Report Details Steps To Prevent ‘Severe Consequences’ Of Stablecoin Crisis

PYMNTS

The U.S. Federal Reserve Board has issued a warning about a possible stablecoin crisis and its impact on the global economy.

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Things worth reading: 18th November 2019

Chris Skinner

Things we’re reading today include … Google wants to launch bank accounts.

Google 181

Small Chinese Banks Struggle To Stay Afloat

PYMNTS

Following years of brisk expansion, China’s smaller financial institutions are seeing hard times as customers turn to larger banks and the local economy slows, the Wall Street Journal (WSJ) reported on Sunday (Nov.

How banks worldwide are taking on P2P fintechs

Payments Source

Up against the rising success of social payments providers like Venmo and Square Cash, banks are deploying more options to keep themselves at the focus of digital payments. P-to-P payments Mobile payments Banking Venmo Square Standard Chartered

Sterling Bancorp Names Leaders Of Innovation Finance Group

PYMNTS

Sterling Bancorp announced that it has launched its new Innovation Finance Group , and has tapped veteran technology bankers John Hoesley and Josh Roberts to lead it.

Groups 151

To avoid bias, AI needs to 'explain' itself

Payments Source

Allegations of gender bias are the tip of the iceberg of a very big problem that faces artificial intelligence and goes far beyond the financial services sector, says Temenos' Hani Hagras. ISO and agent Gender discrimination Artificial intelligence Payment cards Risk Apple Goldman Sachs

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More Trending

The Bank of Google. Does every big tech giant want to be a bank? Maybe… Probably!

Daily Fintech

In 1994, Bill Gates said: “We need banking, but we don’t need banks anymore.” ” What Bill Gates was saying is that once technology companies can provide the core services of banks, we really won’t need banks anymore. So why hasn’t Bill Gates opened a bank? Well, maybe because technology giants don’t really want to be banks. […]. The post The Bank of Google. Does every big tech giant want to be a bank? Maybe… Probably!

Fitbit’s Google Acquisition Sparks Privacy Concerns For Some

PYMNTS

Google ‘s recent announcement that it is buying Fitbit is leading some users to ditch the device. “I’m I’m not only afraid of what they can do with the data currently, but what they can do with it once their AI advances in 10 or 20 years,” former user Mike Carpenter told CNBC.

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Northern Trust and Blockchain: Unpacking the Bank’s Latest Move

Banking Exchange

Northern Trust is looking into the trading of fractionalized bonds on a blockchain Management Feature Financial Trends Blockchain M&A Fintech Feature3 Technology. 1Management

Interpol Cracks Down On Encryption As Safety Net For Child Predators

PYMNTS

Interpol is coming out against strong encryption, saying it protects child sex predators.

An Inconvenient Truth for Community Banks – and How to Overcome It

Banking Exchange

Many simply aren’t prepared to take advantage of new technologies that are available Community Banking Feature3 Feature Technology Fintech. 1Community Banking

Startups Hoard Cash, Accelerate Fundraising Timetables

PYMNTS

Tech startups fearing anticipated instability are scrambling to conserve an age-old commodity — cash — the New York Times (NYT) reported on Sunday (Nov. 17). . Following quick growth and easy funding, startups are starting to jump off the fast lane and follow a more conservative road map. . San Francisco firm Kruze Consulting said young companies are raising more while spending less and hoarding cash in the name of longevity.

Here’s Your Year-End Fiscal Checklist

BankBazaar

Want to tidy your finances before 2019 comes to an end? Here’s your last-minute checklist to get your finances in order. It’s that time of the year again! The holiday season is fast approaching, and pretty soon the festive merriment will be upon us.

Challenger banks bet public trusts them more than Google

Payments Source

Consumer trust issues have long been a stumbling block for challenger banks, but many say Google will face bigger obstacles. Digital banking Digital payments Online banking Customer service Customer experience Customer data pso cardline lead 2 pso intraday lead Google Varo Money CHIME

Europe Leads in BaaS Activity: BaaS Report 2019

Let's Talk Payments

MEDICI and Open Financial Technologies together released an in-depth 40+ page report on Banking-as-a-Service on October 11, 2019, at the Singapore FinTech Festival. Read more

Low-Code Can Compensate For Shortage Of Programmers In Financial Services

Tech and Finance

The financial services industry needs to use low code development because it doesn’t have the time or the people to create services the old fashioned way, says Omar Arab, vice president of business development at Veritran. The company provides a low-code solutions to write front-end customer-facing apps. Its code runs at 50 banks with 40 million users and processes 10 billion transactions a year, he said.

Steve Wozniak Shares Perspectives On Technology, AI and Innovation

The Financial Brand

The co-founder of Apple Computer, Steve Wozniak provides insights on innovation, technology and the future for the Banking Transformed podcast. The post Steve Wozniak Shares Perspectives On Technology, AI and Innovation appeared first on The Financial Brand.

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Massive Forces Impacting the Future of Bank & Credit Union Branches

The Financial Brand

Digital banking is affecting in-person banking faster than expected. Branches are still sales drivers for now, but decisive action is needed. The post Massive Forces Impacting the Future of Bank & Credit Union Branches appeared first on The Financial Brand. Branch Strategies Featured Content

The Financial Marketer’s Guide to Building Voice Search Strategy

The Financial Brand

Becoming part of the voice search conversation with Alexa, Siri and the Internet of Things means upping your search engine optimization game. The post The Financial Marketer’s Guide to Building Voice Search Strategy appeared first on The Financial Brand. Digital Marketing Websites