September, 2018

Financial Institutions Aren’t Prepared for the Digital Revolution

Chris Skinner

I recently did an interview with my American friend Jim Marous over on The Financial Brand. It’s a good interview so I thought I would post my answers here. Feel free to comment!

Can Virtual Cards Void Checks’ Feeble Future?


In an effort to kill the check — where B2B payments are anything but efficient — might virtual cards be the answer?

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The five key levers for radical transformation in financial services for digital success

Insights on Business

If Charles Darwin were still alive, I wonder what he would think about the evolution of banks? Once again, banks are being forced to evolve or die. And financial institutions that fail or refuse to become cognitive and digital will get left behind. It’s survival of the fittest at its finest.

Blockchain 101: Mobile payments

Mobile Payments Today

Let's take a look at the what blockchain is, and how it can help transform the mobile payments industry

Temenos Wins Varo Money Core Business, Talks Realtime Banking

Bank Innovation

Varo Money has selected the Swiss software provider Temenos as its core for its new digital bank. The challenger bank has already received preliminary approval from the OCC on its application for a national banking charter and will begin the building out the digital bank soon.

Whew, EMV Is Here. And Now We’re Doing Contactless?

Credit Union Geek

This began as a comment to the article “What Will the Arrival of Contactless Payments Bring?” I aim to dive a bit deeper into my positions within the confines of a full post. Since this affects you, credit union staff (and member), I’d really like to hear your thoughts.

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How Lehmans collapse started the FinTech fire

Chris Skinner

It’s interesting that the Global Financial Crisis (GFC) sparked by Lehman Brothers collapse in September 2008 sparked the FinTech revolution, according to some.

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Putting smart to work in financial services: IBM at Money20/20

Insights on Business

The war for talent. Regulatory uncertainty. Keeping my customers, my customers.

How providers can enhance the payments experience

Mobile Payments Today

Regardless of the latest and greatest technology, a successful payments strategy revolves around the consumer experience, and building a strategy requires an understanding of how consumers are engaging with payments on a day-to-day basis

Mastercard and Microsoft Partner on Global Trade and Payment Tracking Solution

Bank Innovation

Mastercard announced a new B2B payments platform for merchants yesterday, built using Microsoft Azure, the software company's cloud computing service.

Rebeca Romero Rainey: Community bankers take the high road

Independent Banker

“Your character, integrity and strong reputations will continue to serve you well.”.

What’s your one move?

Chris Skinner

I talk about 1,000s of start-up companies doing one thing brilliantly well, and was looking for an anecdote that might help me talk about this better … and found one.

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Today In Data: The High Cost Of Falling Behind In Payments


In a world that is moving quickly – and often in a lot of new directions at once – staying caught up is hard, and often costly, work. But the costs of falling behind are generally greater, as consumers and businesses gravitate to providers that can consistently and ubiquitously meet their needs.

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Balancing customer expectations (and risks) in real-time payments

Insights on Business

IBM RegTech Innovations. Riddle me this?

3 reasons why blockchain lacks mainstream attention

Mobile Payments Today

There are three major problems that are keeping the blockchain out of the mainstream: poor reputation, lack of education and lack of full solutions

SnapCheck Named Best Payments API by API:World

Bank Innovation

Digital check solution SnapCheck, a graduate of INV Fintech, this site’s sister accelerator, was named Best Payments API (application programming interface) by API:World, the largest global API conference.

Which banks do ‘get IT’?

Chris Skinner

I’m working on my next book already. Digital Human only came out a few months ago, and here I am off already on a new one. I’m not going to share too much about it yet, as it won’t come out for two years, except to give you some clues on … The post Which banks do ‘get IT’?

Why banks have armies of developers

Chris Skinner

I sometimes write blog posts that I actually disagree with. I write it to provoke reactions, and to test my own thinking.

What Innovators Can Learn From Uber Cash


Long before innovators began talking about the power of ecosystems to transform commerce, scientists spent centuries studying them under microscopes in their labs.

IBM Sales Performance Management at Dreamforce 2018

Insights on Business

Every year, some of the world’s most innovative minds come to Dreamforce to inspire, excite, and motivate attendees. This year, IBM is honored to be a diamond sponsor of Dreamforce 2018 in San Francisco, CA from September 24-28.

CBW Bank sharpens focus on digital banking, fintech collaboration

Mobile Payments Today

Suresh Ramamurthi, chairman and CTO of CBW Bank, opened the annual Bank Customer Experience conference with a keynote speech detailing his financial institution's unique journey

Why Are Half of All Sales Leads at Banks Dropped?

Bank Innovation

Half of all bank leads are not followed up, and millions of irrelevant offers are mailed at great expense to people who throw them straight in the garbage. Why is this? If you ask CRMNext CEO Joe Salesky, it's because of inadequate CRMs. (In

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How Excellence in Dealer Engagement Led BECU To a Record-Breaking Year

CU Direct

As credit unions continue to increase their presence in the auto lending marketplace, dealer engagement only becomes more essential.

How much is a FinTech CEO worth?

Chris Skinner

Good question, and it all depends on the revenue forecast. However, if you want to get an idea, a new survey from Moorlands Human Capital, an executive recruitment search and consulting company, has a view. That’s because they asked 500 FinTech companies how much they pay the CEO?

NEW REPORT: The Payments Innovation Guide To Going Global


Whether in Australia, India, Europe or the United States, mobile phones aren’t just driving interconnectivity, but are the key channel driving innovation in payments and commerce.

Finding credit needles in the (market) haystack

Insights on Business

Institutions invested in a broad range of corporate debt instruments can draw business benefit from adopting an integrated view of market and credit risks.

Podcast Episode 10: The cashless society: A debate for the future

Mobile Payments Today

Host Will Hernandez discusses the the future of the cashless society with Ankit Kumar from Gemalto. What are some of the positives and negatives of a future that is a cashless society


Fidor to Launch Third Digital Bank in Less Than a Year

Bank Innovation

It’s been quite a busy year for Germany’s first digital-only challenger bank Fidor. The bank launched two more digital banks this year, and Fidor Chief Commercial Officer Ge Drossaert told Bank Innovation there is yet another bank in the works.

Will QR codes wipe out cash and cards?

Chris Skinner

There’s been an interesting but hidden trend taking place. It started in China with Tencent and Alipay and has now gone global. The phenomenon is called QR codes.

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We need to launch a digital bank? OK, here’s $3 billion!

Chris Skinner

I recently blogged about JP Morgan Chase spending $10 billion a year on technology of which $3 billion goes into new projects. There were then several other announcements that caught my attention about Citibank and Bank of America investing similar amounts in digital.

NEW REPORT: With Canvas, Ford Test Drives Auto Rental Subscriptions


Subscription fatigue is one of the biggest challenges merchants must conquer if they want to ensure longevity. In recent weeks, several subscription-based businesses have revised their offerings to try new tactics in an effort to keep customers renewing their subscriptions.

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Sense and sensitivity: how IBM is driving innovation in XVA calculations to help banks outperform the competition

Insights on Business

IBM RegTech Innovations. Since the 2008 crash, the focus on the family of valuation adjustments known as XVA has intensified, and the demand for timely, accurate calculation is continually increasing.

Banking, fintech innovators recognized with Bank Customer Experience awards

Mobile Payments Today

Networld Media Group, publisher of ATM Marketplace, Mobile Payments Today and World of Money, presented four awards on the evening of Thursday, Sept. 13, during a banquet held as part of the 6th annual Bank Customer Experience Summit in Chicago

Moven Bank May Be on the Hunt for Acquiring a Bank

Bank Innovation

For Moven, it may be a case of a challenger bank taking over a smaller traditional bank.

Over the next decade, over $2.5 trillion will be generated by blockchain trade

Chris Skinner

I just saw a report from the World Economic Forum, who estimate that over $1 trillion in new trade will be created through blockchain-based distributed ledger technologies (DLT) over the next decade. They also estimate it will reduce the global trading gap by $1.5 trillion. Bold claims.

A third of banks expect to hold cryptocurrencies on their balance sheets

Chris Skinner

I received a really interesting report from the law firm DLA Piper last week.

NEW REPORT: Are AI And ML Actually Transforming Retail?


Artificial intelligence (AI) and machine learning (ML) are blurring the divide between online and in-store shopping, and bringing an all-new human element into retail.

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