April, 2019

Why Chinese TechFin is the exception and not the rule

Chris Skinner

I picked up an interesting article from Reuters, about how Asian technology firms are moving into banking in a different way to Europe or America.

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How mobile payments are changing the restaurant industry

Mobile Payments Today

Mobile payment acceptance is leading to rapid change in the restaurant industry, impacting everything from credit card use to delivery and online ordering as well as customer loyalty

Solve your quota setting challenge: Start with Design Thinking

Insights on Business

You’re probably familiar with philosopher George Santayana’s admonition: “Those who cannot remember the past are condemned to repeat it.” While that’s hard to dispute, most of us will admit to occasionally falling short.

Temenos to Offer Up to 15 New AI Algorithms Before Yearend

Bank Innovation

AMSTERDAM -- The algorithms are starting to add up at Temenos. The Geneva, Switzerland-based banking technology company will add up to 15 algorithms for artificial intelligence before yearend. This goes with the 20 or so AI algorithms the company already has available for its clients.

Thailand’s Largest Firm Taps Ripple For B2B Payments


Petroleum exploration company PTT Exploration and Production (PTTEP), Thailand’s largest corporation, is collaborating with blockchain firm Ripple to integrate its technology for cross-border transactions.

Rebeca Romero Rainey: The future is bright

Independent Banker

“The future is bright, and the opportunities for growth are endless.”. I had the opportunity to read this month’s cover story ahead of writing my column. I’m so glad that I did. I was blown away by the incredible community banks that are featured, and I have a feeling you’ll feel the same way!

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Banking in the Cloud

Chris Skinner

One of the surprises I have had in my discussions with banks that are doing digital well, is how all of them seem profoundly committed to cloud-computing.

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Succeeding in the future of payments

Insights on Business

Embracing the future in the age of instant gratification. The payments industry is at an inflection point. Customers increasingly demand new payment options like real-time payments and P2P payments, underpinned by security and trust.

Fintech AsiaCollect Seeks to Digitalize Debt Collection in Southeast Asia

Bank Innovation

With the majority of the region's debt collection being handled by small, provincial agencies, the process in Southeast Asian markets is still mostly manual. Digital debt collector AsiaCollect is hoping to change that.

Amazon Will Soon Accept Bitcoin Payments


Bitcoin, through the lightning network, will soon be available as an option to pay on Amazon and other eCommerce sites, according to reports. Cryptocurrency payment processing company Moon said any e-wallet that is lightning-enabled can also be used through the company’s browser extension.

Is Your Credit Union Sending Members the Wrong Message?

Credit Union Geek

Originally published on CUInsight.com This post might not be for you. Or, it could be exactly what you and your credit union team need. Inspired By: Someone Else’s Faux Pas I’ll be honest; the inspiration came from a local chamber of commerce, not credit union.

Will a global platform connect all of our money?

Chris Skinner

When I talk about FinTech, I often reflect on the first time I encountered what I would, today, call a truly FinTech firm. It was on March 30, 2005, and a newly formed firm presented at the Financial Services Club an idea.

Amazon Go policy shift seen as response to legislative pushback

Mobile Payments Today

The move by Amazon to reverse policies for its cashierless Amazon Go stores is being seen as a response to growing economic and political pushback against the impact of Silicon Valley on major segments of U.S. and global societies

Delivering differentiated business value with intelligent routing of payments

Insights on Business

Innovative payment options today are driving competition and rapid changes in the payments industry. The payments business has started to embrace a more client-centric model as payments customers, both retail and commercial markets, increasingly demand new payment options such as real-time payments.

BofA Opening More Financial Centers to Support Digital Strategy

Bank Innovation

While many banks are shutting down branches, Bank of America is adopting a "high-tech, high-touch" strategy, which will result in the addition of 350 branches, or what it calls "financial centers," across the country over the next two years.

Why AI Risk Tech And Banks Could Be A Match Made In Heaven


While most CEO stories are about having founded a firm to solve a problem, Upstart CEO Dave Girouard and his team of former Google staffers actually started with a solution.

Time for a global FinTech platform?

Chris Skinner

I find it interesting when I read perspectives on FinTech, money and banking. Going digital, getting rid of branches, becoming cashless seem to be the main themes, and yet this ignores that every part of the world is different.

Who owns the data? Who’s in control?

Chris Skinner

I find life interesting. Themes recur over and over and over again. Will big banks survive? When will we, will we be cashless? Oh when, will we, will be branchless? Can we really replace the City with a trading network of algorithms? And more.

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MoviePass reboot faces new challengers to prove subscription model can profit

Mobile Payments Today

As MoviePass relaunches its controversial unlimited subscription plan for film buffs, the industry is expecting more disruption as rival services emerge

To energize innovation in financial services, take it outside

Insights on Business

Financial companies have always been innovators. But in this age of digital transformation, innovation in financial services is more important than ever to stay competitive. Innovation processes, traditionally limited to product development, are now spreading throughout the entire organization.

Traditional FIs See Fintechs as ‘Significant Threat’ by 2022, Study Says

Bank Innovation

Nearly 80% of traditional financial institutions feel little or no threat from fintechs today, but 65% believe fintechs will be a “significant threat” by 2022, according to a new study by Harvard Business Review.

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Visa Next: Visa’s Next ‘Digital First’ Act


Visa introduced a platform on Monday morning (April 22), complete with beta application programming interfaces (APIs), that will allow issuers and issuer processors to build and test new products.

200 currencies and 30,000 banks … are they really needed?

Chris Skinner

As I travel non-stop, I have one trusty little zip-bag in my travel case. It’s a zip-bag full of cables and converters, mainly to keep my phone fully charged all the time. Plug converters for America, Europe, UK and Australia, and cable converters between Apple and non-Apple products.

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Leaving customers digitally high and dry … big mistake

Chris Skinner

I’ve recently seen two blogs about issues with challenger banks N26 and Tandem. They both relate to the ways in which these new banks communicate, or not in these cases.

Envel uses AI to redefine banking for Generation Z

Mobile Payments Today

Envel uses artificial intelligence and machine learning to help young adults control their spending, manage their expenses and save for a rainy day in a way that traditional banks can't or won't for this segment of the market

Understanding alternative assets and the challenges of managing their risk

Insights on Business

Why alternative assets. Unless one has been in a Rip Van Winkle-style cryogenic state over the past few years, it would be hard not to notice the shift in asset allocations toward “alternative assets” for investment portfolios of buy side institutions. There are several reasons behind the tilt.

U.S. Bank Reaching Beyond Branches as 71% of Active Customers Are Now Digital

Bank Innovation

Coming off the launch of a revamped mobile app and the hiring of the bank's first chief digital officer, U.S. Bank executives, during the first-quarter earnings call today, outlined a strategy to extend relationships with customers outside the Minneapolis-based bank's physical footprint.

A Marketplace For Stolen Fingerprints Has Emerged


Security researchers at Kaspersky Lab revealed at the Kaspersky Security Analyst Summit in Singapore that a dark net marketplace in which hackers are selling digital fingerprints has emerged.

Want a decent analysis of #Brexit from an EU view?

Chris Skinner

Another key theme of the weekend conference was Brexit, best summed up by one panellist as a decision made by a confused population about an issue their politicians can’t agree with, don’t want to implement and has no support.

Are these $1 billion start-ups Unicorns or Leprechauns?

Chris Skinner

Someone said to me recently that most tech Unicorns are more like Leprechauns. A Leprechaun is also mythical and magical but, rather than delivering riches, it just promises riches at the end of a rainbow you never reach.

Facebook, PayPal and how blockchain could disrupt the payments space

Mobile Payments Today

Facebook and PayPal are beginning to make investments in blockchain that could have a major impact in the payments business

Four sales best practices every business needs to know

Insights on Business

Sales primarily drive business growth. However, businesses know that hiring the best sales talent is just the start of the journey; retaining well-suited employees is often a highly challenging undertaking.

New Mastercard Rewards Program Features Automatic, Instant Redemption

Bank Innovation

Mastercard today announced the rollout of a streamlined real-time rewards program that eschews the traditional multi-step path to redeeming rewards and cash back. The Purchase, N.Y.-based

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Why Small Business Owners Should Always Have An Exit Strategy


Hundreds of thousands of new small businesses (SMBs) open their doors every year in the U.S., be them physical or digital.

Time for a global regulator

Chris Skinner

I was in conversation with a banker the other day and we got around to regulations and regulators, as many conversations with banks tend to do. There were some interesting reflections in that dialogue, however.

The challenge of transforming into “Banks of the Future” (research)

Chris Skinner

During the weekend I presented the trends on FinTech and Tech Fin, my two favourite subjects. I’ll update on that shortly but I was also involved in a study the organisers – The European House Ambrosetti, a leading economics think tank based in Italy – conducted before the conference.

Removing the drag from tableside payment growth in the US

Mobile Payments Today

Tableside payment in the restaurant industry has been a growing trend, yet there still remain obstacles to wider acceptance by consumers

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