December, 2017

Passport, the technology business for city transit systems, raises $43 million

PYMNTS

Passport, company that’s managing much of the technical aspects of how people pay to use public transportation resources in cities like London, Miami and Los Angeles, has just raised $43 million.

Lingmo breaks down language barriers with IBM

Insights on Business

Try to picture this scenario: you are in a foreign country, let’s say China, on a business trip. You don’t speak the language, don’t have any contacts, and are relying on a vanilla translation app on your phone to help you get out and about.

Giving Back Has ROI, Too

Credit Union Geek

Originally published on CUInsight.com Does your credit union give back? That’s a silly question. But does your community support program intricately tie in with member engagement? A friend of mine used to work for the local chapter of the American Heart Association.

The Top FinTech Trends of 2017 … were they?

Chris Skinner

The other forecasting I made at start of year concerned the big FinTech trends of 2017. Again, I thought it might be of interest to revisit them.

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How to Boost Metabolism: 8 Foods That Can Skyrocket Your Weight Loss

Mobile Payments Today

I’ve got a secret to tell you. Your body has one powerful tool it can use to start burning fat like crazy. That same tool can also make you gain weight and store all those excess fats in all areas of your body. Can you guess what it is? It’s your thyroid. It’s that tiny gland located in your neck, right below the Adam’s apple. It has dozens of different functions and effects, but perhaps the most important one is metabolism regulation. Via webmd. What is metabolism?

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More Trending

How Blockchain Could Transform The Way You Buy Your Groceries

CB Insights

Blockchain tech has primarily been associated with financial services — but increasingly it’s making an impact across industries, and the food supply chain is no exception.

The best research into Open Banking

Chris Skinner

I’ve recently noted a number of reports about Open Banking, with many published recently due to its imminent arrival on January 13, 2018. Source: IBM As can be seen, we have several different groups working on Open Banking.

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3 trends for 2018: Safer data, faster payments, better experiences

Mobile Payments Today

These areas present great opportunities, but also significant challenges

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Mastercard Invests in Authentication Startup Hypr

Bank Innovation

EXCLUSIVE – Authentication solution provider Hypr has received a sizable investment from Mastercard to expand its technology to Mastercard’s ecosystem as well as major banks and financial institutions.

2017: The Year Of Digital Disruption For Payments

PYMNTS

A lot can happen in a year. What makes one stand out from another? How shall 2017 go down in the history books? Search Google for “2017: the year of…” and it becomes clear that many have seen this as a year of “death” and “disaster.”

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The year in IBM FinTech

Insights on Business

As we wrap up an unpredictable and sometimes tumultuous year in both the fintech industry and the world, we’re looking back at the last 12 months of IBM FinTech blogs to pick out some of the more popular and insightful posts of 2017.

AI 100: The Artificial Intelligence Startups Redefining Industries

CB Insights

Today, CB Insights unveiled the second annual AI 100 — a list of 100 of the most promising private companies applying artificial intelligence algorithms across 25+ industries, from healthcare to cybersecurity — at the A-Ha! conference in San Francisco.

91% of consumers have no idea what Open Banking is

Chris Skinner

I was moderating a panel discussion about Open Banking and the panel’s opening was some research presented by Steve Ogborn and Benedict Ireland of the Unlimited Group. The guys said that only 9% of consumers had heard of Open Banking. That means 91% had no idea what it was.

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Going at it alone: Should banks consider their own payments apps?

Mobile Payments Today

By now, it should be obvious to every bank that no company can afford to neglect mobile payments

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Banks Will Only Slow Fintech Innovation if They Acquire Rather Than Partner, Hyperwallet Says

Bank Innovation

EXCLUSIVE—Should banks acquire or partner with smaller, more agile fintechs? Well, that depends if the end goal of the bank is to further financial innovation, Derrick Walton, EVP of global financial networks for Hyperwallet, told Bank Innovation.

Three Tips To Help Managers Understand Their Employees

PYMNTS

Have you ever worked for a manager who showed little enthusiasm for your personal interests, unique talents, and long-term career aspirations? Based on the statistics about employees quitting managers , the answer for many people to this question is likely to be a resounding “yes.”

FinTech year in review: What we saw and where we’re going

Insights on Business

Things seemed different at Sibos this year. The dominant story is that fintech startups and banks are better off as friends than foes. Fintech, once seen as a disruptor, is now becoming a mainstream and also a collaborating partner.

Machine Learning & Data Analysts: Seizing the Opportunity in 2018

Dataconomy

Undoubtedly, 2017 has been yet another hype year for machine learning (ML) and artificial intelligence (AI). As ML and AI become increasingly ubiquitous in many industries, so does the proof that advanced analytics significantly improve day-to-day operations and drive more revenue for businesses.

Change my bank? Not on your nelly!

Chris Skinner

I had a realisation the other day: banks are brilliant. Everyone says they hate banks, but I love them. In fact, I think most people secretly love their bank. They just don’t like to admit it. After all, when did you last change your bank?

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Best of 2017: Did those predictions about mobile payments come true?

Mobile Payments Today

Mobile Payments Today takes a look back at the top features on the site throughout the past year

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Invoice Finance Platform Finiata Raises $21M in Funding

Bank Innovation

Finiata, a finance platform developed for SMEs, freelancers, and “Self-employed” consumers, has raised $21 million (or €18 million) in new funding for its platform, the company reports.

The Power Of Bringing Better Data For The Holidays

PYMNTS

Arguably, the internet’s premier destination for auctions is eBay, which is not an unfair statement, given the sheer volume of said auctions going on via its website at any given moment.

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Jefferies makes huge savings and keeps investors sharp with market data from IBM

Insights on Business

With global interest rates at a record low and increasing levels of regulatory scrutiny touching every aspect of the financial sector, competition is getting fierce for Prime Brokerage firms like Jefferies LLC.

What Is Ethereum?

CB Insights

Think of Ethereum as bitcoin’s multi-talented, more versatile younger sibling. Bitcoin was built using a tech called blockchain to create a global, distributed ledger of transactions. This ledger or digital history is stored on hundreds of thousands of computers. So it can’t be spoofed or changed.

The economics of our future world

Chris Skinner

Taking of moving from the concept of a Universal Basic Income to money without government to tokens to credits, I’ve been reading a fascinating book recently on Star Trek’s economics called Trekonomics.

How trending technologies and the user experience go hand-in-hand

Mobile Payments Today

Technology is ever-evolving, but contrary to what you might expect, it can become more human, not less so, in the process. Learn what this means in financial services terms in a video presentation from the 2017 Bank Customer Experience Summit

The U.S. is Unlikely to Ban Token Sales, But ICO Sellers Should be Careful How Sale is Marketed

Bank Innovation

EXCLUSIVE—While the U.S. is unlikely to ban token sales outright, those looking to raise funds with an ICO (or Initial Coin Offering) should make sure they’re paying close attention to risk.

The Future of Customer Experience: Top 10 Trends for 2018 and Beyond (Infographic)

PYMNTS

Over the recent years customer experience has dramatically grown in value to supersede product quality and price. Companies that deliver outstanding customer experience can truly win over the competition, retain more loyal customers and improve their bottom line.

On credit-augmented market risk analysis

Insights on Business

Many investors appreciate occasional bond rallies throughout their financial year. They may not all welcome the ongoing presence of low long interest rates as much (see Fig. In such markets, low coupons and yields offered by top issuers may not be well suited to the refinancing of liabilities.

6 Best Recruiting Tools Of 2018 [Infographic]

The Paypers

In 2018, hiring volume is again predicted to increase with 61% of recruiters expecting to hire more people.

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Rwanda: Africa’s first cashless economy?

Chris Skinner

Another presentation that was enlightening was delivered by Jean Claude Gaga, CEO of RSwitch Ltd, the national e-payment switch of Rwanda.

How 'PIN-on-mobile' could change payments acceptance for micro merchants

Mobile Payments Today

Jeremy Gumbley, the CTO at Creditcall, believes this category of merchants are the ideal candidates for turning a regular mobile phone into a payment device

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3 Fintech Startups to Watch Next Month

Bank Innovation

EXCLUSIVE— Fintech is continuing to grow, as more startups across payments, insurance, blockchain, and other areas carve out niches for themselves in the financial ecosystem. And with more funding and more innovations come more players.

Using Communication To Make Your Brand Unforgettable in 2018

PYMNTS

Image courtesy of Pixabay Today I am pleased to share with you a guest post by Julian de Sevilla with PATlive. An effective customer service solution has always been a tool that helps businesses stand out.