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!

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

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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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.

Can Virtual Cards Void Checks’ Feeble Future?

PYMNTS

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

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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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More Trending

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

Rebeca Romero Rainey: Community bankers take the high road

Independent Banker

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

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.

Who’s Going In The Connected Car Driver’s Seat?

PYMNTS

Before there was Alexa , Bixby , Siri and Google Assistant , there was Emma Nutt. Emma Nutt, born in 1860 in a small town in Maine, was hired by Alexander Graham Bell in 1878 to be the world’s first female telephone switchboard operator.

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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’?

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

Insights on Business

IBM RegTech Innovations. Riddle me this?

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

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Creating CUs of Tomorrow…Today

Credit Union Geek

The inaugural CU Tomorrow conference technically ran for three days. Unlike most, it started with the cocktail hour! Now that’s already different! And, a great way to stimulate initial conversations) That went just so well, you wouldn’t believe how well it went. Ok, you got me. My flight was delayed and I missed it. So […]. The post Creating CUs of Tomorrow…Today appeared first on Credit Union Geek.

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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.

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

PYMNTS

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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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.

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.

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

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.

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

PYMNTS

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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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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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.

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

One Credit Union’s Approach to Excellence in Auto Lending

CU Direct

Auto lending is the backbone of credit unions’ loan portfolios. Credit unions continue to not only compete in the auto lending arena, but to outperform much of the marketplace, improving their market presence, and capturing more loans.

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.

What Innovators Can Learn From Uber Cash

PYMNTS

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

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.

Ending vicious AML cycles: Why repeating the same approach is no longer sustainable

Insights on Business

IBM RegTech Innovations. In 2010, I was traveling with my son, when his name was flagged for a partial match to a suspicious person by the US Transportation Security Administration (TSA).

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

Walmart Patent Wants To Monitor Your Health & Stress Levels While You Shop

CB Insights

Walmart sales associates may not be able to read customers’ minds, but they soon might be able to monitor shoppers’ heart rates to get a little more insight on how they’re faring during their shopping trip.

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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.

NEW REPORT: The Payments Innovation Guide To Going Global

PYMNTS

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.

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?

Zions Bancorporation improves customer service with master data management

Insights on Business

Banks and financial services continually face growing demands to improve customer experience.