Sat.May 23, 2020 - Fri.May 29, 2020

What happens to customers who don’t want digital?

Chris Skinner

Living in a digital world, it’s hard to imagine being disconnected. Yet, some people are. According to a recent survey by Which? Magazine, four percent of consumers don’t have a mobile phone. Personally, I cannot imagine living without a mobile phone, but some people are happy to be off the … The post What happens to customers who don’t want digital? appeared first on Chris Skinner's blog. Digital Bank Future Grid

Survey 305

Open Banking—lessons in technology, security and APIs

Accenture

As I mentioned in my last post, the journey to Open Banking has been long and full of challenges for most banks in Europe. One of the main reasons it took so long to define the Regulatory Technical Standards (RTS) is the challenge around technology and the development of the necessary application program interfaces (APIs)…. The post Open Banking—lessons in technology, security and APIs appeared first on Accenture Banking Blog.

Insiders

Sign Up for our Newsletter

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

How remote tellers may change the banking experience

Mobile Payments Today

RBR associate Daniel Dawson explains why video banking may provide a solution for financial institutions concerned about social distancing when they finally reopen

Video 237

Using Sensors And IoT To Thwart Home Invasions (Of Privacy)

PYMNTS

To monitor a home and to make sure all is safe and secure means you have to monitor the people and the activities inside. How to do that without destroying privacy in the age of work from home, shop from home, do-everything from home? In the age of connected devices, it may be that the sensor can go a long way toward eliminating that all standby, the unblinking eye of the camera — always on, and perhaps intrusive.

5 Things a Data Scientist Can Do to Stay Current

DataRobot together with Snowflake – a leading cloud data platform provider — is helping data scientists stay current with the latest technology and data science best practices so that they can excel in an increasingly AI-driven workplace. Five Things a Data Scientist Can Do to Stay Current offers data scientists guidance for thriving in AI-driven enterprises.

The future of payments post-pandemic (free research report)

Chris Skinner

During this quite period of time, it’s a good time for reflection and I was lucky enough to be commissioned to produce some research on how European FinTech influencers see the future of payments post-pandemic. I’m releasing the report today and here’s the opening summary: When the Covid-19 pandemic hit … The post The future of payments post-pandemic (free research report) appeared first on Chris Skinner's blog. Future Grid Payments

Report 313

More Trending

Diebold Nixdorf talks the future of self-service banking after COVID-19

Mobile Payments Today

Simon Powley, head of global advisory consultant services with Diebold Nixdorf, addresses how self-service and omnichannel banking will affect financial institutions following the COVID-19 pandemic

243
243

Green Dot To Launch Mobile Banking For US Immigrants

PYMNTS

Welcome Technologies , which works to aid immigrants as they integrate into life in a new country, is partnering with Green Dot for the PODERCard, which will help U.S. Hispanic immigrants access digital banking services, according to a press release. Less than half of U.S. Hispanic immigrants have access to actual banking services, the release states, citing an FDIC survey.

US 198

This is no Black Swan

Chris Skinner

As the coronavirus gripped Europe and America in March and April, it was clear that banks had a number of issues to deal with. Suddenly shuttering branch doors, closing head office and asking staff to stay at home, became the modus operandi for all. This is something that no major … The post This is no Black Swan appeared first on Chris Skinner's blog. Crisis Grid

Top Tips to Stay Compliant in Today’s Digital World

Strategically Speaking

I think everyone can agree that 2020 has been a challenging year. Many banks and credit unions have turned to their digital platforms to stay engaged with their customers/members during the COVID-19 pandemic. Now is the perfect time to review compliance concerns as they apply to your digital platforms. Compliance

The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

Tech firms have used payments to jump ahead of banks

Payments Source

Companies like Amazon, Apple, PayPal Netflix, Uber and others have made it so easy to transact that consumers are left wondering why their bank or credit union cannot provide them with the same kind of seamless and tailored experiences, says Payrailz's Mickey Goldwasser. Financial institutions PayPal Digital payments Payments Apple

ABB On How Smart Cities Can Emerge Stronger Out Of The Pandemic

PYMNTS

The global smart cities market is projected to grow to nearly $3.5 trillion by 2026, driven by investment in everything from connected street lighting systems to smart electrical grids. The COVID-19 pandemic severely disrupted global economies and supply chains, and some might thus expect public officials and company leaders to put the brakes on large-scale smart city investments.

When a FinTech CEO steps down (#Monzo)

Chris Skinner

In any business, there are different movers and shakers. Some can create momentum; some can maintain momentum; some create ideas; some kill ideas; some run the business; some change the business; and so on and so on and so on. I’m an ideas guy. I could never run a business. … The post When a FinTech CEO steps down (#Monzo) appeared first on Chris Skinner's blog. Fintech Grid Opinion

How Community Banks are Developing Lending Opportunities

Banker to Banker

The future path of the economy is currently unpredictable. Still, the majority of banks have now eliminated two possible scenarios: 1) Best case scenario – that nothing will change from February 2020; and 2) Worst case scenario – that the pandemic will not end in the foreseeable future and banks should avoid loans and invest in riskless securities

The Empowered Consumer

When it comes to working with the empowered consumer, AI has the power to help your business thrive by leveraging your own data to better understand your customers. Read our ebook, The Empowered Consumer, to learn more about how AI can help you connect with your customers.

Latin America's digital transformation can be a global model

Payments Source

Latin America's rapidly expanding fintech sector may prove to be the guiding light as we look to establish a widely accessible digital financial ecosystem. Latin America Digital payments Coronavirus Financial inclusion

What Legacy FIs Miss About The Need For Cloud-Based Infrastructure

PYMNTS

Financial institutions (FIs) have been adapting their platforms and technologies to better suit the needs of more digital consumers for decades, but the coronavirus has placed new importance and pressure on accelerating these efforts. Allowing customers uninterrupted access to their online financial accounts and processing digital payments quickly is critical during this time as brick-and-mortar branches are either closed or on limited hours.

Tools 188

What happens if consumers stop consuming?

Chris Skinner

I saw an interesting article the other day: I Don’t Feel Like Buying Stuff Anymore … our economy is built on Americans of all class levels buying things. What happens when the ability — and desire — to do so goes away? It’s theme is that when stuck at home … The post What happens if consumers stop consuming? appeared first on Chris Skinner's blog. Crisis Grid Payments

Remembering Jason Kuhn: ATM industry pioneer and beloved friend

ATM Marketplace

Jason Kuhn, vice president of product marketing for Hyosung and leader in the ATM industry died on May 21, 2020. His loss is greatly felt throughout the ATM industry. Jason's business associates, family and friend share their thoughts and memories with ATM Marketplace

ATM 97

B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.

Mastercard contactless payments reach 78% in Europe amid coronavirus pandemic

Payments Source

About 78% of Mastercard’s European transactions are now contactless, and the company expects the shift in payment choice will be permanent. Contactless payments Coronavirus Europe Mastercard

Preparing Merchants For The Coming Mobile Wallet Boost

PYMNTS

Call it the great shift. We’re still navigating the pandemic — which means doing what we used to do offline, increasingly, through digital means. As PYMNTS found in a recent consumer study, 40 percent of individuals are doing more of their daily retail and transactions online, partly because, well, there’s no other way to do it. And as many as 22 percent of the population surveyed said those habits would stick.

Mobile 187

Things worth reading: 27th May 2020

Chris Skinner

Things we’re reading today include … Economy on track for rapid V-shaped recovery, says Bank of England chief economist Lloyds Bank postpones redundancies until October Buy now, pay later pulls in Tencent and Alibaba Dimon says no immediate return of share buybacks New York Stock Exchange reopens two months after … The post Things worth reading: 27th May 2020 appeared first on Chris Skinner's blog. Reading

The Rise of Staking

Daily Fintech

At the end of last month, Tezos (XTZ) became the largest staking network, in terms of assets locked in, according to Staking Rewards. The total amount equaled to $1.81 billion. A couple of weeks after Bitcoin’s halving, the network hash rate is trending down and inefficient mining hardware was taken offline. While proof-of-work remains popular with Bitcoin (BTC), interest in proof-of-stake protocols has been picking up speed.

Data Science Fails: Building AI You Can Trust

The new DataRobot whitepaper, Data Science Fails: Building AI You Can Trust, outlines eight important lessons that organizations must understand to follow best data science practices and ensure that AI is being implemented successfully.

How U.K. fintechs are helping lenders, employers navigate the coronavirus pandemic

Payments Source

fintechs are using their technology to assist British businesses and consumers during the coronavirus pandemic by helping banks disburse emergency business loans, enabling e-commerce merchants to offer installment payments to consumers, and giving employees access to salary advances. Fintech U.K. Coronavirus

FedEx Eyes Stake In Germany’s Hermes Delivery Service

PYMNTS

With home deliveries surging, FedEx may be looking to acquire stake in German delivery firm Hermes , according to the Handelsblatt newspaper, as reported by Reuters. FedEx has very limited presence in Europe’s delivery circuit, and Petra Scharner-Wolff , finance chief of Hermes, said the company’s efforts to find a strategic partner for parcel delivery had sparked “broad interest,” according to Reuters.

Things worth reading: 29th May 2020

Chris Skinner

Things we’re reading today include … Banks determined to lock in Covid-19 tech changes What is the link between inflation and equity returns? The World Bank lands Carmen Reinhart as chief economist China’s economists debate deficit monetisation Lack of international cooperation will hinder economic recovery | Howard Davies SEC chair … The post Things worth reading: 29th May 2020 appeared first on Chris Skinner's blog. Reading

200
200

Australia’s Largest Bank Leaves Fintech Startups For Dead With Benefits Finder App

Daily Fintech

Jessica Ellerm is a thought leader specializing in Small Business and the Gig Economy and is the CEO and Co-Founder of Zuper, a neowealth disruptor in Australia. In the second quarter of this year, the UN estimates the COVID-19 pandemic will wipe out 6.7% of all working hours, globally. That’s the equivalent of 195 million jobs. We’re already seeing surges in unemployment rates in many countries – the US unemployment rate rose to 14.7% in April, just shy of predictions of 16%.

Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.