Sat.Dec 17, 2016 - Fri.Dec 23, 2016

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2016: the year that was

Chris Skinner

I blogged a while ago about Anthony Browne, the Chief Executive of the British Bankers Association (BBA), talking at the Financial Services Club about the challenges facing banks. He covered it in five big areas of change: Regulation Competition between banks Competition between countries and regions Governance and ethics Digitalisation There are a few other … The post 2016: the year that was appeared first on Chris Skinner's blog.

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Top 10 Blockchain Headlines of 2016

Bank Innovation

Blockchain—possibly the buzziest of buzzwords in 2016. The world saw the rise of new enterprise blockchains, how the technology might be used to transport gold, to safely move perishable items like pork through a supply chain, and most importantly for those of us in the fintech trenches, we saw banks, Read More.

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Why digital receipts is the banking product we need

Payments Dive

Despite the rapid pace of digitization in banking, paper receipts are the last bastion of an analog world. And as long as they remain analog, they also remain limited in their value.

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Walmart Launches Blockchain Technology For Pork And Produce

PYMNTS

Blockchain has officially entered the grocery aisles. Walmart has announced that it is now testing new blockchain technology to track and trace produce in U.S. stores and pork in China. PYMNTS covered the testing and lead-up to the kickoff back in November. Now, the technology and use of it are even closer. It’s a pilot program, where sliced apples and cut broccoli will be used to test the blockchain database technology for four months starting in the first quarter of 2017.

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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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The best FinTech research of 2016

Chris Skinner

Earlier this year, I summarised some of the best research papers that had been released on FinTech and Blockchain in three parts: Part 1, Part 2 and Part 3. Thanks to Oliver Bussmann’s blog, I can now provide you with a list of the best research released on Fintech this year. Enjoy! 2016-12 Digital Asset Holding Non Technical … The post The best FinTech research of 2016 appeared first on Chris Skinner's blog.

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More Trending

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Mobile Payments Today: 2016 in review

Payments Dive

Was 2016 the year of mobile payments?

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Nine eCommerce Retail Trends For 2017

PYMNTS

2017 looks like it’s shaping up to be a solid year. Between consumer confidence trending upward and more people spending — and racking up some debt — retailers are slated to be pleased when the ball drops and the confetti settles. But in order to look forward, it’s important to look back at the past year. And in this case, we’re reflecting on 2016’s eCommerce trends.

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Did my predictions come true?

Chris Skinner

The first week of January each year I make a range of predictions about what’s to come. The last week of December each year, I look back at my predictions and call myself out as to whether I was right or wrong. So here were the predictions made back in January: PayPal will be a … The post Did my predictions come true? appeared first on Chris Skinner's blog.

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Top 5 Robo Headlines of 2016

Bank Innovation

Partnerships, funding rounds, startups, acquisitions – robos have had a busy year. More and more companies jumped on the robo-advising bandwagon this year, while independent companies grew exponentially and snatched big-name partners. While the current technology allows for a fully automated portfolio management system, we saw a lot of the Read More.

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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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How machine learning can redefine lending

Bobsguide

The lending ecosystem has witnessed momentous changes in last five years, from fintechs disrupting the industry by leveraging technology and offering ease and speed in process, to evolution of stringent regulations post the 2008 meltdown. Technology has played a significant role in the rapid.

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Cybersecurity Researchers To Corporates: You’re Being Naïve

PYMNTS

Corporates large and small are “naïve” about their cybersecurity risks, according to a new report. Researchers at cybersecurity analytics company RedSeal released a survey this month that explores why businesses aren’t adequately approaching their security strategies, and it comes in the context of new data from IBM Security that finds U.S. firms aren’t heeding advice from the Federal Bureau of Investigation about how to deal with an attack.

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The Twelve Banking Days of Christmas

Chris Skinner

Tis the season to be jolly and, in that spirit, I thought it was time to update some of our Christmas songs. Here’s the revised version of the twelve days of Christmas …. On the first day of Christmas my big bank sent to me: A diamond in an APR loan. On the … The post The Twelve Banking Days of Christmas appeared first on Chris Skinner's blog.

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Four Starbucks App Features FIs Need to Borrow ASAP

Bank Innovation

If you followed the seven-hour biennial Starbucks Investor Day conference (as I am sure most of you did) earlier this month, you got an earful of the latest updates in the Starbucks world, including updates to its ingenious mobile app. The app, which now has more than 20 million members, Read More.

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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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Top five reads of the year: How the asset management industry is being transformed by fintech

Bobsguide

This week on bobsguide we’re bringing you the best performing articles of 2016. We cover a multitude of feature topics, such as the future of fintech, the rise of blockchain technology and which fintech companies to look out for. In this article, Madhvi Mavadiya explores the ways in.

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Payments 2016, The Year Of …

PYMNTS

From open APIs to omnichannel, from EMV chip cards to faster payments, it’s hard to put a finger on exactly which happenings in the payments space had the biggest impact in 2016. There were many shifts and trends in the ecosystem this year, some that will surely have an impact on how payments stakeholders operate for years to come. But picking the most influential is a tough job.

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The Finanser’s Week: 12th December – 18th December 2016

Chris Skinner

A summary of the main blogs of the week … Open Banking consultation (deadline December 23 2016) I’ve been talking a lot about open sourcing financial services this year and, more recently, tracking Open Banking. The Open Banking Working Group was launched just over a year by HM Treasury to create an Open Banking Standard. The … The post The Finanser’s Week: 12th December – 18th December 2016 appeared first on Chris Skinner's blog.

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10 Most Innovative CEOs in Banking 2016, Page 2

Bank Innovation

4. Harit Talwar, Marcus Goldman Sachs has long been known as an enthusiastic investor in fintech (or just tech) startups, with companies like Circle, Cadre, Financeit, Oscar and even Uber. But this year, the company shifted from being a mere investor to joining the fray as a fintech player, announcing Read More.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.

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Top five reads of the year: Infographic: What does the future of Fintech hold?

Bobsguide

This infographic highlights the trends and predications for the fintech market. Some statistics include how there was a 71 per cent rise in fintech investment in 2015 vs 2014 and a predicted value of $3.6 trillion of digital payments to be processed in 2016. The first three months of.

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Bitcoin: From Store Of Value To Value At Store?

PYMNTS

Headed into the end of 2016, bitcoin trades on the high end of $700, and much has been made about the price appreciation in the wake of geopolitical surprises, such as Brexit and, of course, the U.S. presidential election. The question remains, however, just how bitcoin should be viewed and used. In the most recent installment of PYMNTS Topic TBD, Gene Kavner, founder and CEO of iPayYou, noted that bitcoin is moving through a transition.

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What else happened in 2016?

Chris Skinner

I join in several different podcasts globally, and am a regular on a few. One of those is FinTech Insider, who just recorded an episode that will be released in three parts on December 26, 27 and 29. The reason is that it is in three parts is that there were seven of us in the … The post What else happened in 2016? appeared first on Chris Skinner's blog.

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Schwab’s Robo Success Depends Largely on Humans

Bank Innovation

In the transition from in-person advice from financial planners, to a fully robo experience available at your fingertips, there is (at least) one step in between: the cyborg model. In the world of financial advice, a hybrid advisory system, which combines fully automated algorithm-driven advice and certified (human) professionals, seems Read More.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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Bank fraud: 2016 review and 2017 predictions

Bobsguide

Financial fraud is on the rise, and government agencies, law enforcement and the private sector seem unable to stop it. According to official figures released by Financial Fraud Action UK, more than 1 million incidents of financial fraud – payment fraud, online banking and check fraud.

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How A Smart Billboard Is Changing How Consumers Interact With Products

PYMNTS

The holiday shopping season is in full swing. It’s the time of year when many children write letters to Santa Claus listing all the cool stuff they want to receive for being good all year. But jolly old men in the North Pole aren’t the only ones with insights into what shoppers are most interested in buying. In the world of IoT, a new connected billboard may be able to tell what products shoppers are most likely to be interested in buying and pinpoint the best time to display a relevant ad for t

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Things worth reading: 20th December 2016

Chris Skinner

Things we’re reading today include … Ukraine leader urges calm after PrivatBank is nationalised Lloyds Bank buys MBNA credit card firm for £1.9bn Barclays braced to cut up to 7,000 trading customers Christine Lagarde: IMF chief convicted over payout Fed approves rule requiring banks to publicly disclose liquid assets Italy seeks 20bn euros for banks … The post Things worth reading: 20th December 2016 appeared first on Chris Skinner's blog.

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5 Reasons Small Business Owners Need to Follow Fintech in 2017 [SPONSORED]

Bank Innovation

Fintech, the marriage of finance and technology, has been part of the business world for decades. In recent years, the explosion of innovation has brought even more attention to this sector. As a small business owner, you should keep tabs on the fintech industry. Here’s a few reasons why it’s Read More.

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Addressing Top Enterprise Challenges in Generative AI with DataRobot

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.