Mon.Jan 20, 2020

The virtual banking brew in Asia

Chris Skinner

Varun Mittal, Associate Partner with EY, recently posted a couple of interesting slides about the launch of virtual banking licences to encourage challenger banks in Asia. If you’re not aware, there’s a great deal of digital banking activity across Asia.

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.

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Things worth reading: 21st January 2020

Chris Skinner

Things we’re reading today include … Monzo problems: bank ‘freezing accounts for no apparent reason’ Greenpeace hits out at Davos banks for $1.4tn climate hypocrisy Deutsche Bank’s guide to the worst banking jobs at the start of 2020 Bank cyberattack could hit whole financial system JPMorgan says ‘oui’ to Paris … The post Things worth reading: 21st January 2020 appeared first on Chris Skinner's blog. Reading

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Can Amazon Make Waving The Future Of Payments?


The rumors about hand-based payments out of Amazon have been building for the last few months.

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.

Late Payments Cause Cash Flow Pain From UK To India


Among other strategies, the U.K. has enlisted a name-and-shame approach to late-paying corporates. Yet analysts agree that the late B2B payments problem continues to worsen. According to recent reports by U.K.

More Trending

Digital Currency Eyes Wholesale — Not Retail — Payments Down Under


Add Australia to the list of countries with central banks looking to bring fiat currencies into the digital realm — with some conditions attached.

Retail 185

A Fintech side-effect: Excessive Corporate Control by the Big Three

Daily Fintech

The growth of the ETF sector is well documented and the robo-advisory fintech growth merits a piece of this `success`. According to my estimates, last year digital investing from startups and incumbents represented roughly 12% of the entire ETF market.

Afterpay CEO: How ‘Contact Us’ And The Kardashians Ignited Afterpay In The US


Never underestimate the value of the “Contact Us” form that every merchant and service provider places somewhere on its website — because no one knows who is going to end up on the other side of it.

US 173

Credit union-bank deals may have peaked (for now)

American Banker

Pushback from banks, a smaller pool of sellers and potential regulatory hurdles could pose setbacks for credit unions this year. Community banking Credit unions M&A U.S. Texas

Texas 62

Fiserv: What The 2019 Holiday Shopping Data Says About 2020 Spend


’Tis the season for … looking back at 2019 holiday sales trends, and figuring out what they mean for payments and commerce so far.

Iowa 170

'Getting out of the boys' ecochamber': Male allies in banking

American Banker

Doug Nielson at U.S. Bank and Jane Barratt at MX explain how men can be more supportive of their female colleagues. Women in Banking Gender issues Gender discrimination

US 62

Banks’ Earnings Show Digital Traction Amid Buoyant Consumer Spending


There are a few common themes among big bank earnings reports. The U.S. consumer is strong, and the ripple effects of strong U.S. consumer spending is carrying over to other areas where banks get their bread and butter.

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Stanbic economic briefing for Kenya 2020


Stanbic economists release a report on Kenya's growth prospects for 2020. China Kenya economic growth Kenya taxation SGR Stanbic World Bank

Why Merchants Should Look For Payments Orchestration


FinTechs are helping merchants coordinate all of the different components that a payment entails with payments orchestration. Modo CEO Bruce Parker told PYMNTS that the term signifies “the ability to keep track of all of the different moving parts of a payment” throughout its entire lifecycle.

What’s Visa Going To Do With Plaid?

Ron Shevelin

Visa's acquisition of Plaid has produced a lot of speculation on what the deal means. Here's what's really going to happen


UK Open Banking Startup Tink Closes €90M Funding Deal


The U.K.’s s open banking platform Tink raised €90 million in an investment round co-led by Dawn Capital, HMI Capital and Insight Partners, Tink announced on Monday (Jan. The startup’s platform links over 2,500 banks and 250 million users across Europe.

Smartphone design is the next challenge for biometrics

Payments Source

New smartphones have subtle differences that require more complex security solutions, says Fingerprints' Ted Hansson. Authentication Payment fraud Biometrics Retailers ISO and agent

Visa’s Chief Risk Officer On Securing The Commerce Ecosystem In The 2020s


Futureproofing is the process of creating systems and processes resilient enough to hold their value in the face of an unknown future. It’s also about creating a mindset and a corporate culture where everyone is responsible for weighing risks against future opportunities.

Low Credit Score? Here’s How It Can Affect You


Your Credit Score is like a deal-breaker of sorts when it comes to credit applications. Despite this, many fail to realise the importance of having and maintaining a Credit Score. On the hunt for a loan or Credit Card ?

Tools 52

Clover Food Lab’s Secret Sauce To Boosting Mobile Ordering


Living up to their names, fast-casual and quick-service restaurants (QSRs) are embracing innovative technologies to help drive sales in the increasingly competitive restaurant industry.

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How Facebook retains users, and why it’s not the best method

Matt Wilcox Pro

As of this writing, Mark Zuckerberg isn’t budging: Facebook will still run but not fact-check political ads. Not to worry, however: it will continue suspending users for remarks and images its algorithm deems unseemly.


Proposed UK Bill Aims To Crack Down On Late Payments


Labor peer Lord Jonathan Mendelsohn, a member of the House of Lords of the British Parliament, has introduced a bill to combat late payments and to help make the small business commissioner more powerful, according to a release.

Q&A: SaSâ?? Naeem Siddiqi on ML for credit scoring


With banks under pressure to increase profit margins, more are turning to machine learning (ML) to make a significant difference in their middle and back offices. One such area that is gaining greater attention from both the market and regulators is the use of ML and alternative data for credit

IKEA Goes Online In Second Indian Market


Swedish furniture company IKEA now has a second online-only store in India, this one in Pune. The store follows an earlier, similar model that opened in Mumbai without an actual building, according to reports.

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Ninth Circuit denies Blair rehearing petitions, setting stage for possible SCOTUS review

CFPB Monitor

On January 17, 2020, the Ninth Circuit denied the defendants’ petitions for panel and en banc rehearing in the Blair v. Rent a Center appeals, setting the stage for possible U.S. Supreme Court review of the California Supreme Court’s McGill Rule.

IMF Says Global Economy Growth Uncertain


The International Monetary Fund (IMF) has slashed its forecasts for growth of the global economy, calling it sluggish, and said there isn’t any sign on the horizon that things are going to turn around, according to a report by CNBC.

CFPB Director Kraninger to speak at University of Utah S.J. Quinney College of Law on Jan. 31

CFPB Monitor

On January 31, the University of Utah S.J. Quinney College of Law will hold a program, “ Consumer Protection in the Trump Administration ,” at which CFPB Director Kathy Kraninger will deliver remarks.

Utah 52

Goldman Joins South Africa’s Johannesburg Stock Exchange


As Goldman Sachs seeks further expansion in the South African economy, the financial services company joined the Johannesburg Stock Exchange’s interest-rate and currency-derivatives market, Bloomberg reported on Monday (Jan.

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Leandra English to serve as NYDFS Special Policy Advisor

CFPB Monitor

The New York Department of Financial Services has announced that Leandra English, who formerly served as CFPB Deputy Director, has joined the NYDFS executive team as Special Policy Advisor. As our blog readers may recall, although Ms.

Despite Papyrus’ Closing, Stationery Retail Is Not All Doom-And-Gloom


Not to be cynical, but mention the world “stationery” to people these days and odds are they minds will move toward a similar word, stationary — the concept of lack of motion, as in a couch potato or a broken-down car on the side of the road.

Retail 158