Sat.Sep 01, 2018 - Fri.Sep 07, 2018

Will QR codes wipe out cash and cards?

Chris Skinner

There’s been an interesting but hidden trend taking place. It started in China with Tencent and Alipay and has now gone global. The phenomenon is called QR codes.

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Finding credit needles in the (market) haystack

Insights on Business

Institutions invested in a broad range of corporate debt instruments can draw business benefit from adopting an integrated view of market and credit risks.

Goldman Sachs Delays Plans for Crypto Trading Desk

Bank Innovation

Goldman Sachs is reportedly dropping plans for a cryptocurrency trading desk. The news, which broke late yesterday, sent crypto prices further down, but in this bear market, you'd be excused for not noticing.

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Podcast Episode 9: USAA's focus on mobile banking tech for military needs

Mobile Payments Today

Host Will Hernandez, discusses USAA's unique branch-less mobile banking system, which services the U.S. military. USAA is typically on the cutting edge of mobile banking, and Phil Leininger, the GM of Omnichannel Sales & Service of USAA, talks about their advancements in mobile technology

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We need to launch a digital bank? OK, here’s $3 billion!

Chris Skinner

I recently blogged about JP Morgan Chase spending $10 billion a year on technology of which $3 billion goes into new projects. There were then several other announcements that caught my attention about Citibank and Bank of America investing similar amounts in digital.

Today In Data: Correctly Capturing Consumers’ Needs


Consumers want what they want, when they want it – and they want to be able to feel confident that they can trust what they choose, whether it’s shopping online, contemplating a connected car or choosing between a card and a mobile payment method.

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Faster Payments Sees $17 Billion Invested So Far in 2018

Bank Innovation

Faster payments and remittance services have had record-breaking amounts of investment this year. A Fintech Global report, published this week, found that global investment in payments and remittance companies has reached a historic high. For the first half of the year alone there has been $17.5

More Trending

How the world has changed with technology

Chris Skinner

I was introduced to a lunch meeting by the Chairman of the Bank. As he made the introduction, he gave a personal account of how technology had changed the world during his lifetime. This is not his speech, but my version of his speech. I trust you like it.

Today In Data: Firing Up Faster Payments While Fighting Faster Fraud


Faster payments pack a lot of potential – technologically speaking and in terms of usefulness. And they are clearly providing for a need wanted for filling, attested by the explosive growth they’ve demonstrated worldwide over the last few years.

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After Claims of ‘Fake News,’ Goldman to Offer Bitcoin Derivative, CFO Says

Bank Innovation

Goldman Sachs CFO Martin Chavez said a report that stated the bank was closing or delaying its cryptocurrency trading desk was "fake news." This information appeared on Bank Innovation and across business media yesterday.



It’s easier to get a job if you are an Artificial Intelligence (AI) or Machine Learning (ML) ‘expert’, and investors want to bet on companies which use the words AI or ML in their mission statements. And why should that not be the case? McKinsey estimates AI techniques have the.

The future of bitcoin

Chris Skinner

I sometimes find it hard to deal with our world of money these days. Everyone keeps asking should I buy bitcoin and my answer is always it’s your choice. I don’t believe in bitcoin, but I’m not one of those doom mongers who say it’s going to die.

Today In Data: Tapping Into The Tokenized Future


While the “mobile everything” future has been long predicted, as of the second half of 2018, we are actually beginning to see the shape of what that will look like.

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Venture Capital Funnel Shows Odds Of Becoming A Unicorn Are About 1%

CB Insights

Anecdotally, it’s known that most startups fail. But looking at the data, we can see the hard truth in the numbers and better understand where in the funding lifecycle startups begin to lose traction.

Six Ways Big Data Can Refine Your Digital Marketing Efforts


What’s the one thing that all digital marketers must know? The fact that data is king on today’s marketing landscape. Having comprehensive and accurate data is essential for making effective marketing decisions.

Things worth reading: 7th September 2018

Chris Skinner

Things we’re reading today include: UK fintech in buoyant mood as valuations soar How high street banks reward premier customers Nigerian bank’s former UK head was arrested U.S.

Stripe Says Developers Are Economy’s Most Precious Resource


If one were looking at the economy a decade ago, Stripe COO Claire Hughes Johnson told Karen Webster, the biggest challenge businesses faced in growing was clear: access to capital. Ten years ago, the economy was in the midst of the “Great Financial Crisis,” and businesses were reeling from the credit crunch that came along for the ride. The last 10 years have changed the playing field a lot.

Disrupting The Car: How Shared Cars, Bikes, & Scooters Are Reshaping Transportation And Cannibalizing Car Ownership

CB Insights

Personal car ownership isn’t dead yet. That said, as cities in the US grow more congested, public transportation systems are failing and traffic is worsening, all of which is making quick and efficient transport more difficult.

Why the Mortgage Platform LendingHome Isn’t Partnering With Banks

Bank Innovation

There are advantages to both sides for banks to partner with mortgage solutions, but one of the U.S.’s s largest digital mortgage companies told Bank Innovation why they aren’t partnering with banks. LendingHome, which has originated $3 billion in loans since 2014, says there need not be a rush for digital mortgage servicers to partner with […]. Daily Post 2 Exclusive Innovations Lending Mobile Online Premium Blend digital mortgage lending LendingHome

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The culture of banking is skewed to be dishonest

Chris Skinner

I was reading The Guardian’s John Quiggin’s article yesterday, about banking being geared towards the 1% and a major crash being needed to fix it.

TRENDING: The Overdue Overhaul For Insurance Settlements


In the aftermath of an accident or loss, filling out an insurance claim is never an enjoyable experience. However, when that time comes, consumers want, and expect, to be able to access their funds quickly so they can afford to pay for recovery and repairs — and get back to normalcy.

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46 Corporations Working On Autonomous Vehicles

CB Insights

Private companies working in auto tech are attracting record levels of deals and funding, with autonomous driving startups leading the charge. Along with early-stage startups, VCs, and other investors, large corporations are also angling to get a slice of the self-driving pie.

Mobile Payments Today: August's top reads

Mobile Payments Today

It's time for a look back at last month's most-read content on the site

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Things worth reading: 5th September 2018

Chris Skinner


Digital Payments Advance In India And Africa


The summer, now drawing to a close, brought significant payments and commerce activity outside the Western world. A new PYMNTS story offers an in-depth look at all the recent digital happenings in India — a country that’s experiencing more competition from the likes of Google , Amazon , Walmart-owned Flipkart and Alibaba. Online retail continues to grow in the country, and that market could hit $200 billion by 2026 if one goes by a Morgan Stanley estimate.

Neobank PurePoint Financial Delays Mobile Launch Until Gaining Traction

Bank Innovation

Since its February launch, PurePoint Financial, a hybrid physical/online neobank owned by Mitsubishi UFJ Financial Group, or more specifically MUFG Union Bank N.A., has gained 30,000 accounts, with $5 billion in deposits, and plans to build a mobile app. The app will have full banking functionality but have built-in solutions around checking, payments, PFM and offer […].

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Watch highlights from this year's CONNECT: The Mobile CX Summit

Mobile Payments Today

More than 125 retail and restaurant executives gathered in Chicago last month for Networld Media Group's annual summit

Things worth reading: 6th September 2018

Chris Skinner


The Dark And Deep Web, Illuminated – Maybe Not As Dark As It Seems


The dark web – it’s easy to view it as murky, an ocean of illicit activity, with swarms of bad actors acting badly, trading stolen data for – maybe – stolen dollars. Then again: Might there be some usefulness amid the murk? CNBC reports that, yes, the dark web may harbor a reputation of hiding an underground economy or economies, where commerce dabbles in everything from stolen financial records to firearms.

Varo Money Announces Preliminary Approval for OCC Charter

Bank Innovation

The digital banking service Varo Money announced last night it had received preliminary approval for a national banking charter from the Office of the Comptroller of the Currency, a division of the U.S. Treasury Department. As Bank Innovation previously reported, Varo raised $45 million for this purpose in January. Square CEO Jack Dorsey said his company was still […]. Compliance Exclusive Mobile Premium Retail Startups fintech charter OCC Square The Bancorp Varo Money

Carrier billing in Asia: 2018 market report

Mobile Payments Today

This market report gives an overview of the digital ecosystem and direct carrier billing landscape in South-East Asia

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The Finanser’s Week: 27th August 2018 – 2nd September 2018

Chris Skinner

The main blog headlines this week are … Every $1 in $50 in the banks is laundered money (and maybe more) I’ve made the comment many times that it is astounding that around $2 trillion is laundered through the banks of the world each year, up from $1.6 trillion in 2009.

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IdentityMind On The Need For FinTech Compliance Marketplaces


Compliance and risk? The top of any FinTech’s to-do — and to-keep-doing — list. Automating that compliance is now a “need to have.”. The age of technology is, of course, well upon us, with Software-as-a-Service (SaaS) a key conduit to making sure that at least some business operations — once the province of spreadsheets and reams of paper — can be streamlined. However, in some ways, we are in uncharted territory.

Rabobank’s Innovation Lab Is Building Tools for Industries Beyond Financial Services

Bank Innovation

Fintech innovation at Rabobank is making itself felt in fields outside of financial services. The bank’s innovation lab has pioneered an IoT project for agriculture, and is an example of how innovation in financial services touches virtually every industry. “We We ended up with a project called Movement, which is an IoT device used for tracking cattle on farms, […]. Exclusive Innovations Payments Premium Security Trading Blockchain cybersecurity IOT Rabobank SurePay

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The Sorry State of Contact Center Technology


Customers love digital self-service—right up until they don’t, and then they want a live person.

Things worth reading: 4th September 2018

Chris Skinner

Things we’re reading today include … U.S. Growth Powers Canadian Banks SocGen expects around $1.4 billion in U.S.

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TRENDING: Challenger Bank Finds Instant Rewards In Faster Payments


Around the globe, new payment schemes are on the rise. In the Eurozone, the Eurosystem’s new process for settling instant payments is slated to go live this November.

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