Tue.Jan 21, 2020

The global new banking brew

Chris Skinner

Another useful person in my online network is Steve McLaughlin of @FTPartners, who I spotted sent a tweet last week saying they had produced a challenger bank report.

How blockchain will impact the supply chain

Mobile Payments Today

Blockchain technology can provide excellent tools for supply chain management. Former Coca-Cola executive Kraig Adams talks about how he got involved with blockchain technology and how it will transform supply chain management

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Things worth reading: 22nd January 2020

Chris Skinner

Things we’re reading today include … Boss of RBS start-up bank Bó quits, plunging its future into chaos NAB faces class action lawsuit for delaying moving $6.3bn of super to low-fee accounts Bank executive accuses HSBC of tolerating “culture of sexism” Vodafone quits Facebook’s Libra currency Davos 2020: Bankers push … The post Things worth reading: 22nd January 2020 appeared first on Chris Skinner's blog. Reading

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MoneyGram Teams With LuLu Money To Power Asia-Pacific Transactions

PYMNTS

Cross-border peer-to-peer (P2P) payments firm MoneyGram has teamed up with foreign exchange and global money transfer company LuLu Money , MoneyGram announced on Tuesday (Jan.

B2B fintech Biller Genie helps banks automate business payments

Bank Innovation

Business payment startups and banks are rushing to offer clients the same kind of intuitive, automated payment experience that consumers have come to expect from their favorite personal finance apps.

Miami 149

Amazon Unseats Google In Fast-Growing EU Smart Home Market

PYMNTS

Europe’s smart home market growth increased in the last year, growing by 18.1 percent over the same quarter from 2018.

Google 203

More Trending

As Virtual And Augmented Reality Rise, Retail Use Cases Come Into Focus

PYMNTS

Don’t look now, but virtual reality and augmented reality are starting to make bigger gains in the retail world.

Retail 198

Jack Ma’s booming loan business threatens Visa, AmEx in China

Bank Innovation

As Visa Inc., Mastercard Inc. and American Express Co. prepare to enter China for the first time, one of their biggest competitive threats will come from a company that doesn’t issue credit cards.

Cards 149

Why shell companies are so risky (and hard to spot)

Insights on Business

Shell companies and the hidden threat of entity risk. While not inherently illegal, shell companies have been getting a lot attention recently for the role they play in illegal activity.

Fed: Big bank cyberattack could have serious spillover effects

Bank Innovation

A cyberattack on a major U.S. bank could have network effects that could cripple the financial system, a report from the Federal Reserve Bank of New York concluded. The study, released this month, focused on the consequences of an attack on the wholesale payments network.

Cannabis Banking: Mitigating Reputation Risk to Financial Institutions

Abrigo

Key Takeaways The number of institutions banking cannabis grew significantly in 2019. Despite Federal ambiguity, State Regulators are beginning to clearly define their stances on cannabis banking.

Bankers identify 2020’s greatest strengths and challenges

Bank Innovation

When preparing for a new year, it helps to assess what went well and what didn’t in the previous year. This exercise helps keep track of past triumphs for further success and turn past deficiencies into future victories.

Why shell companies are so risky (and hard to spot)

Insights on Business

Shell companies and the hidden threat of entity risk. While not inherently illegal, shell companies have been getting a lot attention recently for the role they play in illegal activity.

Citigroup CEO says many branch jobs are still safe from machines

Bank Innovation

Citigroup Inc. spends about $8.5

How Shutterstock Fast-Tracks Royalty Disbursements For Its 1 Million Contributors

PYMNTS

More than 90 percent of U.S. consumers now prefer to receive digital payments over paper checks. Cash and checks persist as the disbursement methods for many companies, however, despite the growing preference for online payments.

Tools 172

The Value of Investing in In-branch Video Banking

ATM Marketplace

As banks pilot or expand their video banking plans , what should they consider? Follow 5 easy tips

Video 87

The Gig Economy Drives The Next Major Payroll Disruption

PYMNTS

The payroll has not seen much disruption since the introduction of direct deposit to accelerate workers’ access to earned wages.

4 ATM trends that can't be ignored in 2020

ATM Marketplace

Triton Systems' Daryl Cornell predicts that 2020 will be a big year for tap and go, and that frustrations with Windows 10 will simmer

Mastercard On Helping Retailers Strike The Right Innovation Balance

PYMNTS

Mark Twain famously said there are three kinds of untruths: lies, damned lies and statistics. And nowhere is that aphorism better illustrated over the last decade than with the statistic that more than 90 percent of all retail sales took place at brick and mortar stores.

How faster payments can eliminate claims from insurance payouts

Payments Source

Providing simple and rapid claims payouts is a competitive feature in the property and casualty insurance industry. Both Visa and Mastercard see insurance payouts as a use case for their respective card-to-card transfer services, Visa Direct and Mastercard Send.

Spanish Food Delivery Startup Glovo Shutters In Four Markets

PYMNTS

Glovo , a Spanish food delivery startup, has exited several Middle Eastern countries in what it has said is a strategic move to help the company grow in a smarter way, according to reports on Tuesday (Jan.

The New Era of Customer Experience

ATM Marketplace

ACG Capabilties

Luxury Brands Vacate Hong Kong Leases

PYMNTS

As the retail luster of Hong Kong dissipates, luxury fashion retail brands LVMH and Prada are dropping their leases.

ACG Customer Portal

ATM Marketplace

Customer Portal for Parts Ordering "We Made it Easy "

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Bank-FinTech Tie-Ups Continue Despite SMB Skepticism

PYMNTS

While Open Banking initiatives and data integrations between banks and FinTech firms have begun to target corporate and small business (SMB) end users, new research out of the U.K. has warned that small businesses are largely shunning the opportunity to unlock their financial data.

ACG Gaming/Casino Support Services

ATM Marketplace

ACG Gaming/Casino Support Services

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JP Morgan Creates $100B Funding Arm To Help UN

PYMNTS

JPMorgan has created a $100 billion funding arm — the JPMorgan Development Finance Institution (DFI) — to expand investments in emerging markets and help the United Nations (U.N.) meets its Sustainable Development Goals , JPMorgan announced on Tuesday (Jan.

How international e-commerce is changing digital payments in Brazil

Payments Source

Ebanx isn't new to the payments technology game in Latin America, having focused on cross-border e-commerce technology a few years ago to allow consumers in that region to make purchases from international merchants. Online payments Brazil Cross border payments Digital payments

Indian Telecom Provider Reliance Jio To Roll Out UPI Payments

PYMNTS

Indian telecom operator Reliance Jio , the largest in the country, is entering the Unified Payments Interface (UPI) space to compete alongside rivals, reports said on Monday (Jan. 20), including big names like Google Pay, PhonePe, Paytm and more.

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Comerica stung by falling oil prices

American Banker

The Dallas bank’s troubled energy loans reached a nearly two-year high as crude prices plummeted. Commercial lending Credit quality Energy industry Earnings Regional banks Comerica Bank

The Bank App Feature 54.1 Percent Of Consumers Agree They Want

PYMNTS

Though many banks may be betting big on advanced technology to help them in the fight against financial fraud, their customers would feel more secure if they were given more control over their banking apps’ authentication processes.

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