Wed.Jan 22, 2020

Survey: Banks just aren’t ready for digital

Chris Skinner

I’ve just been reading Jim Marous’s Digital Banking Report which ties in nicely with my new book Doing Digital, as the themes are similar.

Survey 400

Temenos to help US clients launch digital banks in 90 days

Bank Innovation

The race to create a challenger bank just got more competitive with a ready-made solution from core provider Temenos that can help brands stand up a digital bank in as few as 90 days.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Things worth reading: 23rd January 2020

Chris Skinner

Stuck-in-the-past Japanese banks wary of fintech revolution

Bank Innovation

Japan’s effort to nudge its more than 100 struggling regional lenders into the digital age is floundering.

Intelligent Process Automation: Boosting Bots with AI and Machine Learning

Across all sectors, companies are learning that they can transform their businesses by embracing Intelligent Process Automation, or IPA. With the pairing of AI and RPA, IPA adds a new layer of intelligent decision-making processes to automated RPA tasks. By automating repetitive work, and adding the ability to automate intelligent decision making, intelligent automation frees up your most valuable resources – your employees – to spend more time on higher value and more strategic work. But in order to reap the rewards of Intelligent Process Automation, organizations must first educate themselves and prepare for the adoption of IPA. In our ebook, Intelligent Process Automation: Boosting Bots with AI and Machine Learning.

The Senior Factor In Smart Home Innovation

PYMNTS

The U.S. population is getting older. Today, there are roughly 50 million Americans over the age of 65, according to the U.S. Census Bureau , and that number will rise sharply over the next decade.

More Trending

Entersekt, Netcetera Team Up On eCommerce Payment Security

PYMNTS

FinTech solution company Entersekt has upgraded its authentication technology in the DACH region of Europe, according to a release.

Toyota Financial’s New Zealand arm inks fintech partnership

Bank Innovation

Toyota Finance New Zealand (TFNZ) has partnered with Ephesoft, an AI-powered data capturing platform, to help streamline and automate its loan-application processes, Ephesoft’s Founder and Chief Executive Ike Kavas told Auto Finance News.

Learning to live with PSD2: reducing customer journey friction

Accenture

Guest bloggers Philip Cooney and Gaurav Bansal explore the pain points around PSD2 and how banks are trying to reduce friction for their customers. A few weeks ago, I (Phil) submitted my weekly grocery order and set off to meet a friend for dinner. I expected to hear no more about it until my order….

Digit expands bill-pay automation

Bank Innovation

Personal finance app Digit is growing its bill payment automation capabilities with a new feature that pays users’ phone bills. The platform already allows for scheduled payments for credit cards and student loans.

Cards 212

The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

How kimkim Uses Faster Payments To Win Gig Worker Loyalty

PYMNTS

Gig workers will make up a full half of the American workforce by 2028, responsible for creating online content, designing webpages and conducting local food or historical tours, as well as ferrying passengers for rideshares or renting out their homes on homesharing platforms.

Mastercard seeks loyalty in augmented reality

Payments Source

Even in mature markets, consumers may not feel very connected to their payment cards. This is making issuers more reliant on selling data-driven experiences over simple transaction processing. Augmented reality Mobile payments Mastercard Loyalty and rewards

Cards 120

PayPal Partners With UnionPay Int’l To Expand China’s X-Border Commerce

PYMNTS

PayPal and UnionPay International (UPI) said Wednesday (Jan. 22) that they have struck a global partnership to grow their networks and accelerate the adoption of digital payments — especially in cross-border commerce.

Course 203

JPMorgan Chase Ranked Best Mobile Deposit User Experience

Ron Shevelin

If banks could measure “convenience utility,” mobile deposit would rank very highly

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

How Diversified Funding Readies India’s Startups For The Future

PYMNTS

India’s technology startup community is enjoying its moment in venture capitalists’ spotlight. Analysts at Tracxn recently calculated that tech startups in the country raised a combined $14.5 billion last year, a tenfold increase from the $550 million raised at the beginning of the decade.

To P2P or Not P2P: That is the Question

Strategically Speaking

Person-to-person (P2P) payments has been a hot topic in the financial services space. Zelle can already reach more than 50% of all direct deposit accounts (DDAs) in the U.S., and Zelle’s partnership with Mastercard and Visa will soon allow it to reach approximately 97% of all DDAs.

Square Gets Patent For Crypto-Friendly Real-Time Payments System

PYMNTS

Square , the payments provider operated by Twitter CEO Jack Dorsey, won a patent to debut new tech, allowing users with different assets to transfer payments, including crypto-to-fiat transactions.

System 201

The future of retail: Bricks blast back at e-commerce

Payments Source

The future of brick and mortar retail is somewhere in the swamps of Jersey. Buried beneath a virtual sea in a place once called Xanadu is an underwater version of New York, a nautical Times Square where marquis scream “Piranha of the Opera,” and “Krill Grill.”.

B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.

Customer-Facing Technologies Spice Up The QSR Space

PYMNTS

Three words are driving dramatic technological changes in the fast food space: quality, convenience and speed. QSR customers expect quality food and their preferred payment methods, and they want those things immediately.

Blueprint One- a building plan for a Lloyd’s digital/culture change decade, or pie in the culture change sky?

Daily Fintech

It’s really a tour de force, the 146 page Blueprint One recently released by leadership at Lloyd’s , a detailed road map for the staff and approximate ninety syndicate players that comprise the firm, its reinsurers, customers, associated MGAs, vendors, brokers and agents.

Amazon Music Hits 55M Streaming Subscribers

PYMNTS

Amazon Music has been steadily gaining in popularity despite only being around since 2016, a full two years after Apple debuted its own music service.

PCI, X9 create a single PIN security standard

Payments Source

Seeking to clarify how merchants and banks should handle PIN debit transactions, the Accredited Standards Committee X9 and PCI Security Standards Council have created a unified standard. PCISSC PIN networks Debit cards PCI DSS Network rules

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Trust And Speed Light A New Path To Omnichannel Retail

PYMNTS

For retailers, nothing really ever comes easy — and things aren’t getting any easier, at least when it involves gaining and retaining customers.

Retail 189

TRENDING! 6 Visa-Free Countries To Visit For Indians In 2020

BankBazaar

If your resolution for 2020 is to travel more, we’ve got you covered. Presenting 6 must-visit countries that you can travel to in 2020 WITHOUT A VISA. TRAVEL MAKES ONE MODEST, YOU SEE WHAT A TINY PLACE YOU OCCUPY IN THE WORLD.” ~ GUSTAVE FLAUBERT.

Samoa 78

Grab, Razer, AirAsia, Others Ponder Malaysia Banking Application

PYMNTS

Grab , Razer , AirAsia , Axiata and CIMB join other companies that are considering applying for digital banking licenses in Malaysia, sources told Reuters on Wednesday (Jan.

Investment To Blockchain Startups Slips In 2019

CB Insights

Blockchain companies have lost a step in the private markets. GET the 47-page blockchain TRENDS report. Download the free report to learn about the biggest emerging trends in blockchain and strategies to watch for 2019. Email.

Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.