Sat.Jul 04, 2020 - Fri.Jul 10, 2020

Neobanks: are they really challenging?

Chris Skinner

In surfing this week, I found a great article on my friend Amit Goel‘s website The company has just completed a deep dive into the world of challenger banks or, as they term them, neobanks. The time for neobanks is now. Here’s their summary of thinking: Neobanking 2.0:

How the PPP + Technology Means MBL Growth and More for Credit Unions


Key Takeaways Credit unions participating in the Paycheck Protection Program (PPP) found that the right technology helped them serve business members when they needed help and also gain new members.


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How Mastercard Uses AI To Fight Fraud And Make Better Credit Decisions


Mastercard is harnessing artificial intelligence (AI) in a bid to hit fraudsters hard by searching for emerging patterns of criminal activity before they become major problems, two top executives told Karen Webster during Mastercard’s Virtual Cyber & Risk Summit. “In

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QR codes get a new life as COVID-19 recovery spurs contactless payments

Mobile Payments Today

The rapid demand for safe, contactless merchant payments has led to renewed interest in QR codes, a payment technology that historically dominated Asian markets, but lagged NFC use in the U.S.

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Realizing the Benefits of Automated Machine Learning

How are organizations using machine learning and artificial intelligence (AI) to derive business value? Renowned author and professor Tom Davenport explains the rise of automated machine learning, its benefits, and success stories from businesses that are already using it.

Am I wrong about Hong Kong?

Chris Skinner

I got an amazing reply to my post yesterday. I cannot say from whom – that’s part of the thing – but it’s such a good reply, I’m sharing it here. For me, it shows how the internet has changed the world – I can write a blog from Poland, … The post Am I wrong about Hong Kong?


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Digital IDs Help Open Banking Reach Its Fullest Potential


Open banking comes in several flavors, yet its rise requires robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, Zac Cohen , chief operating officer at identity verification firm Trulioo told Karen Webster in a recent interview.

No longer an alternative: The approaching future of local payments

Mobile Payments Today

The rapid integration of the global payments market means that local payment methods will no longer be seen as an alternative payment method for multi-national payment processors and merchants, but the norm

HSBC and Standard Chartered are wrong to kowtow to China over Hong Kong

Chris Skinner

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How EMV has grown beyond the chip on a card

Payments Source

The role of EMVCo — which is often seen as an extension of the card brands that deals only with chip-based EMV plastic cards— has come into sharper focus. EMVCo Digital payments Debit cards Network rules EMV Credit cards

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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!

QR Codes Enjoy A Renaissance In A Post-COVID World


QR codes have been around for years, although they often seemed like a marginal tech solution in search of a problem. But as is the case with so many things in our brave new world, COVID-19 is giving new purpose to the much-maligned QR code as an elegant enabler of touchless commerce.

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QR codes get a new life as COVID-19 recover spurs contactless payments

Mobile Payments Today

The rapid demand for safe, contactless merchant payments has led to renewed interest in QR codes, a payment technology that historically dominated Asian markets, but lagged NFC use in the U.S.

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Should we gamify banking?

Chris Skinner

OK, no more politics … unless it’s important to banking, technology and fintech … and back to my usual boring diatribes. There’s been a discussion a while ago about making banking fun, gamifying finance and giving rewards for smart spending and saving.

Open data—what the world needs in the COVID-19 era


The recent months of the escalating COVID-19 pandemic have involved a huge amount of disruption for everyone—in all locations, markets and walks of life. To help get economies and people back on their feet, I believe open data can play a key part.

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How to Choose an AI Vendor

This report explores why it is so challenging to choose an AI vendor and what you should consider as you seek a partner in AI.

US Treasury Tells Banks To Treat Hemp Businesses Like Any Other


The nation’s marijuana regulator has told financial institutions to treat the $500 million hemp businesses the same way they would any other businesses. In updated rules from the Financial Crimes Enforcement Network ( FinCEN ), the U.S.

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How convenience stores are embracing omnichannel sales and frictionless payments

Mobile Payments Today

To be effective in reaching customers and keeping pace with changing consumer preferences, convenience store leaders must keep these factors in mind as they embrace new channels and capabilities

The real reason HSBC and Standard Chartered aren’t talking

Chris Skinner

OK, OK, OK. I said this blog is not political, but it’s got a bit that way this week after my comments on HSBC and Standard Chartered, China and Hong Kong.

Coronavirus lockdown spurs widespread adoption of digital ID tech in Canada

Payments Source

The coronavirus pandemic has led to a massive surge in Canadians using digital identity authentication platforms to get immediate access to government emergency aid. Canada Coronavirus Digital ID


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.

Digital Innovation Is Fueling The Reemergence Of Business


“The digital economy is here, and those payment providers that are global, digital and fully resilient will lead the reemergence.” .

Radical Digitization elements from the SICTIC Blockchain Investor Day

Daily Fintech

Efi Pylarinou is the founder of Efi Pylarinou Advisory and a Fintech/Blockchain influencer – No.3 influencer in the finance sector by Refinitiv Global Social Media 2019.

The Finanser’s Week: 29th June 2020 – 5th July 2020

Chris Skinner

The main blog headlines are … The Wirecard fiasco: Wirecard or Weirdcard?

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Black women in payments see a chance for change after tragedy

Payments Source

In the tech-centric payments industry, the number of women in C-Suite roles is rising after decades of incremental progress, but the path to leadership for Black people in the payments industry remains steep and lonely. Diversity and equality Fintech Women in Payments

MLOps 101: The Foundation for Your AI Strategy

Machine Learning Operations (MLOps) allows organizations to alleviate many of the issues on the path to AI with ROI by providing a technological backbone for managing the machine learning lifecycle through automation and scalability.

Visa On The Changing Needs Of Merchants At The (Digital) Checkout


Merchants’ needs have changed dramatically due to the pandemic. Digitizing operations tops the list of merchant imperatives, but getting there can be a struggle — especially when it comes to digitizing the checkout experience for a post-pandemic age.

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The four key roles of the branch network after COVID-19


In my last post, I talked about how the COVID-19 crisis has impacted branch networks by accelerating the shift to digital. Many banking customers have adopted digital technologies and contactless payments faster than experts had predicted.

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Things worth reading: 7th July 2020

Chris Skinner

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5 ways the coronavirus has locked down summer-break spending

Payments Source

Traditionally, consumers take summer vacations to recharge from the hustle and bustle of daily life, as well as to reconnect with families and friends, before moving on to the next phase of their lives such as the restart of schools or going back to work – but not this year.

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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.