Sun.May 13, 2018

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Big bank thinking and the danger of the technology testing hole

Chris Skinner

Building on Friday’s blog about small bank thinking, there’s another anomaly that occurs with big banks which is their usual response to technology is to test it. The problem with testing technology is that it is just a test. A false implementation. It is not designed for reality and can … The post Big bank thinking and the danger of the technology testing hole appeared first on Chris Skinner's blog.

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What to do in the final weeks before GDPR hits

Payments Source

It's a race to the finish line that also affects U.S. companies with European customers. In these final moments, every company must at least show good faith in attempting to follow the law and having procedures and technology in place to do so.

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The Finanser’s Week: 7th May 2018 – 13th May 2018

Chris Skinner

The main blog headlines are … Small bank thinking I just presented at a conference focused upon smaller banks. How can they respond to the digital change? Many of them came up with a whole load of barriers to change. Here are the things that cropped up: We have too … The post The Finanser’s Week: 7th May 2018 – 13th May 2018 appeared first on Chris Skinner's blog.

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As more fintechs compete on software, Toast makes hardware a priority

Payments Source

Many technology developers yearn to invent the future of payments through software, but Toast is also reaching to the past by trying to perfect the hardware that surrounds the new digital tools.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Things worth reading: 14th May 2018

Chris Skinner

Things we’re reading today include … People who used Barclays Bank cash machines were charged twice Eisman of ‘The Big Short’ Fame Recommends Shorting Deutsche Bank A German bank is using Bitcoin to handle international loans The UK economy’s slowdown is clear to all. Except the Bank of England HSBC … The post Things worth reading: 14th May 2018 appeared first on Chris Skinner's blog.

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Romanian banks to launch instant payments in local currency

The Paypers

(The Paypers) Several Romanian banks have started testing the instant payment system, which would allow instant money transfers from one account to another.