January, 2020

Cash, payments and the future of ATMs — your 2020 spoiler alert

Mobile Payments Today

According to some economists, we've been experiencing an extended period of slow growth since the 1970s. What does this mean for the future of cash and ATMs? ATM historian Bernardo Batiz-Lazo explores the topic in his latest blog post

ATM 191

Free banking? No, it’s 39.9 percent banking!

Chris Skinner

I recently posted a whine about HSBC charging 40 percent on overdrafts: Treating Customers Unfairly The fact I wrote this about HSBC gave the impression it was they who were the target.

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

Mastercard turns to AR to visualize loyalty benefits

Bank Innovation

Payments giant Mastercard launched a new augmented reality (AR) app this month that lets cardholders get a bird’s-eye view of their benefits. It’s a move that the company hopes will drive engagement and loyalty, and add value to the offerings of its partner financial institutions. “At

Payments Providers Combat The Conflict Between Security, User Experience

PYMNTS

In financial services, demand for ease of use and security are sky-high, even for business customers. But for many service providers, achieving one can often mean compromising the other.

What is the purpose of a bank?

Chris Skinner

It’s a simple question: what is the purpose of a bank? However, the answers I get are often missing the mark, imho.

Big tech, the fintech challenge and the rise of the super app

Mobile Payments Today

As Big Tech encroaches upon banking, some of the leading app developers in the ride sharing and food delivery space are carving out a niche for themselves in financial services. The challenge posed by these companies could have profound implications for the future of payments

More Trending

2020: a decade in technology

Chris Skinner

As a regular BA traveller, I’m always pleased to pick up their magazine Business Life as it often has some interesting articles. This year, the magazine has a great write up of forecasts for things that will happen in the 2020s by Tim Hulse.

Why Speed And Scale Will Define Global Payments In The 2020s

PYMNTS

Speed, scale and engagement — if you say it a few times, really get your vocal cords and mouth into the exercise, there’s a certain snap to those words put together like that. As well there should be — those are among the main traits set to define payments in the 2020s.

Top BSA/AML Blog Posts: Cannabis, SARs Topped the List in 2019

Abrigo

Key Takeaways The most popular BSA/AML and fraud blog posts in 2019 related to staying on top of regulatory changes. BSA and compliance officers wanted to read about SARs, risks tied to cannabis-related businesses, and preparing for CAMS exams. Regulatory change in focus.

Rebeca Romero Rainey: We make every day better

Independent Banker

“Community banks work hard to ensure that every day is just a little bit better than the last.”. As community bankers, we strive for excellence.

How blockchain will impact the supply chain

Mobile Payments Today

Blockchain technology can provide excellent tools for supply chain management. Former Coca-Cola executive Kraig Adams talks about how he got involved with blockchain technology and how it will transform supply chain management

How digital-only First Internet Bank strives to keep Indiana talent

Bank Innovation

As banks and startups on both coasts compete for new graduates, Fishers, Ind.-based based First Internet Bank is using an internship program to keep talent in the Midwest. The program, which lasts a few months, sources talent from local universities.

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 275

MoneyGram Teams With LuLu Money To Power Asia-Pacific Transactions

PYMNTS

Cross-border peer-to-peer (P2P) payments firm MoneyGram has teamed up with foreign exchange and global money transfer company LuLu Money , MoneyGram announced on Tuesday (Jan.

Your Bank Probably Has Loan Size and Risk Wrong

Banker to Banker

MANAGING CREDIT RISK If you are like most banks you have your credit approval and risk process based around loan size. The assumption is that the larger the loan the more risk the bank is taking on so a greater level of risk review is needed. But, suppose the data didn’t bear that assumption out?

The Current State of Ag Lending: Challenges for Borrowers, Lenders, and How to Overcome Them

Abrigo

Key Takeaways The FDIC issued an advisory to FIs encouraging safe and sound lending practices in today's ag lending environment. Ag producers are predominately concerned about liquidity and income; lenders are most concerned about credit quality, competition, and weaker loan demand.

Social media payments: An ally or adversary of banks

Mobile Payments Today

Many banks have increased overall focus on user experience within their digital ecosystems and have added new functionality like peer to peer payments into their mobile apps to avoid disintermediation.

BMO’s Ben Schack on what’s next for bank-fintech collaborations

Bank Innovation

BMO Harris partners with fintech startups through the BMO Harris Bank 1871 Innnovation Program. The bank usually works with five to seven firms each year and announced its third cohort of startups last October.

The Global Consortium for Digital Currency Governance

Chris Skinner

I said you’re probably sick of Davos but one last update. On Friday a major announcement affecting all of banking and finance globally seeped out under the radar. I spotted it. Did you?

Legislators Work On Proposal For Japan To Create Its Own Crypto

PYMNTS

In a move that signals Tokyo’s concern regarding China’s effort to make a digital yuan, as well as Facebook’s Libra, a collection of ruling party legislators is crafting a proposal for Japan to create its own cryptocurrency.

Why shell companies are so risky (and hard to spot)

Insights on Business

Shell companies and the hidden threat of entity risk. While not inherently illegal, shell companies have been getting a lot attention recently for the role they play in illegal activity.

2020 Goals for Credit Unions Based on NCUA Supervisory Priorities

Abrigo

Key Takeaways Make sure your credit union is filing SARs and CTRs properly. Thoughtfully consider whether or not your CU can safely and properly serve hemp-related businesses. Strengthen credit risk by improving your credit union's loan underwriting standards.

Lunar New Year, mobile wallets and the online imperative in China

Mobile Payments Today

Lunar New Year has grown to become one of the most important market opportunities in the world of e-commerce. Everyone in the global payment ecosystem needs to consider this holiday shopping period as a metric for global e-commerce performance

Online 160

Financial app Qapital hacks the psychology of spending

Bank Innovation

At first glance, New York-based Qapital, a digital banking, investing and budgeting platform, might look like a challenger bank. But CEO and co-founder George Friedman says Qapital’s offerings are more than just a collection of financial products. To Qapital, which launched in the U.S.

It’s a start-up world

Chris Skinner

Although most businesses fail in their first year, it is quite incredible just how many start-ups there are around the world doing something interesting with technology. According to Embroker: In 2016, 69% of U.S. entrepreneurs started their business at home.

US 259

Farfetch Raises $250M To Grow Luxury Fashion Platform

PYMNTS

Farfetch, a luxury technology platform, has raised $250 million from Tencent and Dragoneer through the sale of convertible senior notes, according to a release. Tencent is a global technology company based in Shenzhen, China, and Dragoneer is an investment firm based in San Francisco.

Why shell companies are so risky (and hard to spot)

Insights on Business

Shell companies and the hidden threat of entity risk. While not inherently illegal, shell companies have been getting a lot attention recently for the role they play in illegal activity.

Five Reasons You Need to Attend ThinkBIG: Fighting Financial Crime

Abrigo

Key Takeaways Formerly BAM+ User Group (BUG), ThinkBIG: Fighting Financial Crime has been around for 16 years. Earn approximately 10 CE credits in two-and-a-half days. Get insight on the latest product roadmaps and test out upcoming product releases before they go live.

Austin 130

Maintaining a competitive advantage in the banking space

Mobile Payments Today

Bátiz-Lazo, departmental chair in Business History and bank management at Bangor University, in Wales, discussed the importance of creating a competitive advantage

Visa, Mastercard, AmEx win easier access to China market

Bank Innovation

The biggest U.S. card companies just moved a step closer to gaining access to China’s $27 trillion payments market. China said it won’t take longer than 90 days to consider applications from providers of electronic-payments services such as Mastercard, Visa and American Express Co.,

Bye-bye FinTech

Chris Skinner

I just spent time with a bank talking about Doing Digital. The host had read a preview copy of my new book and was asking a few questions about it. What had surprised me the most in my talks with five banks?