February, 2014

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ICBA “Going Postal”

Finer Points

'I’m all for outside-the-box thinking. Fresh ideas and brainstorming are as important in community banking as they are in any other business. But sometimes an idea comes along that is so bad—so half-baked and ill-considered—that it should be politely heard…and then squashed outright before it has a chance to gain any traction. In case you […].

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Bank Innovation Watch List

Bank Innovation

Welcome to the Bank Innovation Watch List! The Watch List monitors the fintech startups from around the world that could change financial services. Here you’ll find some of the freshest, most innovative fintech startups in the world today. Our global team of industry experts constantly hunts down the newest and most-disruptive technologies.

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EY's 8 Banking Customer Segments: Where's Your Focus?

Jeff For Banks

'EY recently released its 2014 Global Consumer Banking Survey. They surveyed more than 32,000 customers across 43 countries to evaluate 31 banking experience elements. As I read through it, I began to think how a community financial institution would turn what EY learned into action. They parsed global financial services into eight different segments.

Survey 100
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Mount Gox tumbles off the learning-curve

Money and Payments

'This week, Mount Gox, a very large provider of bitcoin services, couldn''t live up any more to its services agreements with bitcoin users. It provided exchange and storage services for bitcoins, but due to a technical implementation flaw, the bitcoin holdings of users were compromised. Essentially it wasn''t clear who really owned the bitcoins. The website went black and users can no longer claim their bitcoins.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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Why Bitcoin is Lindsay Lohan, For Now.

Javelin Strategy & Research

It's been an "interesting" week to follow the fortunes of Bitcoin and Mt. Gox, with rumors abounding of the death of both the exchange and the fledgling currency itself. It certainly looks like the wheels have fallen off Mt. Gox, with today's announcement of filing for bankruptcy protection and $63.6 million of outstanding debt. But, the demise of Bitcoin itself is less certain.

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SubTest

Bank Innovation

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Flawless Execution: Plan, Brief, Execute, Debrief

Jeff For Banks

'How do we connect our strategy to our vision? Can bankers identify, in high definition detail, the bank they want to become to remain relevant to their constituencies, and translate this future bank vision into action? Regular readers of Jeff For Banks know I recently read Flawless Execution by former Air Force pilot Jim "Murph" Murphy by my post about defining your High Definition Destination.

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Bankers: Here's What I Do

Jeff For Banks

'Content marketing gurus tell us not to put sales pitches in your content. But I would like readers to know what I do in case they want greater context to blog posts, or are generally curious people, as I am. So here goes. What The Kafafian Group does, by Jeff Marsico We help financial institutions perform better. How? We manage and moderate the strategic planning process.

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Subscription Confirmation Page

Bank Innovation

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The State of Automation in Financial Services 2024 Report

In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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Time for Shady Pines Retirement Home, Mag Stripe

Javelin Strategy & Research

Not surprisingly, the Javelin Research Team have had quite a lot of media requests since the start of the year relating to the Target data breach and why the US hadn't moved to this new fangled chip card technology called EMV (no, not a record label with a dog sticking it's head into a gramophone). I'm not going to get into the many, many conversations we had about whether the Target breach could have been prevented with EMV, or the relative benefits of chip and signature compared to chip and PI

US 40
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What Are the 3 Big Trends in Mobile Banking in 2014?

Javelin Strategy & Research

1) Mobile Banking Instant In 2014, the top new trend is “Mobile Banking Instant,” the streamlined delivery of information through the mobile app without requiring a log-in. By just showing up at the app, mobile banking customers can virtually peek through a keyhole to see just a limited amount of information without needing to unlock the door and open the app.

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MCX and Paydiant Mobile Wallet - and Capturing the Consumer

Javelin Strategy & Research

Today MCX (Merchant Customer Exchange) announced it would be adopting the Paydiant mobile wallet, a cloud-based, white label platform. MCX is a consortium of 70 prominent brands with 110,000 locations representing over $1 Trillion in annual payments volume and 700,000 loyalty cards.

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MasterCard Purchase of C-Sam - Innovation by Smart Acquisition

Javelin Strategy & Research

At Mobile World Congress , MasterCard announced the acquisition of C-Sam. C-Sam’s current customers include Isis and Starhub , a carrier in Singapore.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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The bitlicense: current state of thinking in New York

Money and Payments

'A week ago, the New America Foundation organised a meeting (Cryptocurrencies, the new coin of the realm) on the topic of virtual currencies and regulation in New York. Some news bulletins picked up on the meeting and the future New York Bitlicense regime. The good thing is that the New America Foundation has streamed the whole event, so it allows me (and you) to listen first hand to the speech by Benjamin M.

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Capital One Ups the Punching Power of ClearXchange

Javelin Strategy & Research

Person to person (P2P) payments are quickly becoming a regular feature of today’s banking industry.

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