Chris Skinner
FEBRUARY 20, 2019
Name the company that strikes fear into everyone’s hearts in business? In the 1980s, it was IBM. You never get fired if you buy IBM, even though It’s a Bloody Mess. In the 1990s, it was Microsoft. Sure, Most Intelligent Creatures Realise Our Software Only Fools Teenagers, but yes, they … The post When will Amazon launch its bank? appeared first on Chris Skinner's blog.
Payments Dive
FEBRUARY 8, 2019
Futurist Ian Khan sees the potential for blockchain going beyond revolutionizing the payments industry to transforming entire cities.
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Bank Innovation
FEBRUARY 20, 2019
Can regularly checking your credit score actually help improve your results? We wanted to know the answer to that critical question, so Credit Sesame partnered with Megan Hunter Antill and Jessica Yu, Ph.D., candidates in Quantitative Marketing at Stanford Graduate School of Business, to find out. We conducted an analysis of consumer behavior patterns and […].
PYMNTS
FEBRUARY 13, 2019
Merchants saw a drop in card-present fraud due to the increased adoption of Europay, Mastercard and Visa (EMV) chip cards, Visa said. Merchants who have upgraded to chip technology saw a decrease of 80 percent in counterfeit fraud dollars in September of 2018 when compared to September of 2015. Also, total counterfeit fraud dollars went down by 48 percent.
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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
Bobsguide
FEBRUARY 12, 2019
The blockchain industry “will not survive” if it fails to show workable solutions, solve its reputation crisis, and get funding to innovators pushing new use cases, according to Lisa Short, co-founder of Mind Shifting, who was speaking on a panel at London Blockchain Week. “We.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Chris Skinner
FEBRUARY 15, 2019
I spotted an article by Linus Beliunas on LinkedIn this week, and liked it so much that wanted to share. Enjoy! 39 FinTech Unicorns Valued at $147.37 billion 2018 was a phenomenal year for FinTech. Over a course of 12 months, Venture Capital-backed FinTech deals and funding set an annual … The post 39 FinTech Unicorns Valued at $147.37 billion appeared first on Chris Skinner's blog.
Payments Dive
FEBRUARY 28, 2019
Smartwatches and other wearables are forging new partnerships with payments companies and technology partners, leading to increasing demand in the category.
Insights on Business
FEBRUARY 13, 2019
Banks continue their digital transformation journey to create new business models to satisfy today’s demanding customers. The big questions is what’s next? How do banks prepare for this new reality? For Bradesco, a large Brazilian bank, NEXT is the answer. Next is a digital bank, completely disassociated from the Bradesco brand. Next has access to all of Bradesco’s ecosystem, ATMs, call center, internet banking.
PYMNTS
FEBRUARY 15, 2019
The costs of using some cards is going on the incline, as news is breaking that the nation’s two largest card networks, Visa and Mastercard, are preparing to up the fees charged to merchants to accept network-branded cards. The change will go into effect in early April, according to reports from The Wall Street Journal. According to a Visa spokeswoman, the new price changes impact fees that Visa hasn’t adjusted in at least three years.
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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
Bobsguide
FEBRUARY 8, 2019
The US handles almost a quarter (22.6%) of all bitcoin volumes, according to coin.dance statistics, yet regulators across the country’s 50 states have different rulings on the legality and usage of virtual currencies. Under the Supremacy Clause (Article VI, Clause 2) of the Unites States.
Ron Shevelin
FEBRUARY 19, 2019
Big Tech isn't a threat to banks--it's an opportunity. Big Tech will become a new distribution channel, a new battleground for banks to compete on.
Chris Skinner
FEBRUARY 28, 2019
One of the things I say fairly often is that the FinTech start-up community is fairly naïve. Not all, but many, do not understand the nuances of finance and why it is regulated the way it is. Equally, some but not all behave in a way which is not aligned … The post Revolut: the growing pains of a FinTech unicorn appeared first on Chris Skinner's blog.
Payments Dive
FEBRUARY 12, 2019
A backlash against cashless retailers and restaurants has spurred legislation in multiple cities and states to force them to accept cash payments.
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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.
Insights on Business
FEBRUARY 6, 2019
The IBM Watson Assistant team has been busy in the past year helping clients implement state-of-the-art chatbots. The financial services industry is one of the fastest adopters of this technology. As a result, at IBM Think 2019 you’ll be able to find a number of client-led sessions. IBM scores at the top in analyst ratings for chatbots. First of all, why IBM in the chatbot arena?
PYMNTS
FEBRUARY 11, 2019
Entrepreneurs sometimes see opportunity in places that are far from the hustle and bustle of city life: When spending time in San Francisco, Outdoorsy Co-founder and CEO Jeff Cavins spotted an unmet need for accommodations other than hotels or home shares in scenic destinations. And while he noticed that people loved camper vans and recreational vehicles (RV), there weren’t many places to rent them.
Bobsguide
FEBRUARY 28, 2019
Asset management firms need to look at “the sins of the past” when aiming to create new operating models and break down siloed technology in the back office, said Jo Parkhill, CASS consultant at Cashfac, on a panel at the Summit for Asset Management (TSAM) in London this week.
Ron Shevelin
FEBRUARY 25, 2019
Insufficient rewards, insufficient PFM features, and insufficient analytics capabilities add up to a credit card that will fail to gain the traction in a competitive market.
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
Chris Skinner
FEBRUARY 19, 2019
I’ve had a lot of conversations with bankers and technologists, and realised something recently. That realisation is a simple but important one, and it is this: dealing with technology is very different to dealing with money; furthermore, dealing with money through technology is very different to dealing with technology through … The post Are you in banking or technology?
Payments Dive
FEBRUARY 22, 2019
Retailers and others have transitioned physical coupons to the mobile space, as a way to enhance customer loyalty and engagement.
Insights on Business
FEBRUARY 22, 2019
You have the mission to grab territory. You called in the lieutenants to devise a strategy. The Air Force general makes a strong case to efficiently blanket the territory with air campaigns. The Army favors the tried-and-true approach of gaining ground inch-by-inch. Banks hoping for growth are faced with a similar dilemma. Banking is undoubtedly becoming more digital.
PYMNTS
FEBRUARY 22, 2019
In a settlement that has been given preliminary approval by a federal court in New York, Visa and Mastercard, along with bank defendants, have agreed to provide roughly $6.24 billion in settlement funds. The funds are subject to a deduction that is said not to exceed $700 million, according to a notice authorized by the U.S. District Court for the Eastern District of New York.
Advertiser: Data Robot
The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.
Bobsguide
FEBRUARY 14, 2019
Unheard of today, the New York & Mississippi Valley Printing Telegraph Company was founded in 1851. Five years later, the company was renamed Western Union. Arguably one of the first companies to transact across borders, Western Union tapped into its telegraph network to transfer money from one.
Ron Shevelin
FEBRUARY 11, 2019
Zelle can point to its impressive P2P payments growth rates and transaction volume, but it's not really beating Venmo in the overall battle. Here are 5 stats about P2P adoption and use to shed light on the war.
Chris Skinner
FEBRUARY 11, 2019
Last week we had our first meetings of Nordic Finance Innovation, the largest networking group in the Nordic region for people involved in finance and technology which I happen to chair. The meeting focused upon data: data usage, data analytics, data leverage and data privacy. It was an interesting meet-up … The post AI, machine learning, data and Nordic banks appeared first on Chris Skinner's blog.
Payments Dive
FEBRUARY 1, 2019
The NFL, MLB and other sports organizations are embracing cashless payment technology to create a faster and more efficient process for buying concessions, tickets and team merchandise.
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