Chris Skinner
MARCH 28, 2019
I used to blog about blockchain and distributed ledger technology (DLT) almost once a week … four years ago. Today, I hardly blog about it at all. I guess it just shows what’s top of mind and what’s not at any time in FinTech and, right now, blockchain is not … The post Blockchain is dead appeared first on Chris Skinner's blog.
Payments Dive
MARCH 28, 2019
Ralf Gladis, founding director, Computop, explains why with the growing adoption of wearable devices, merchants have a clear opportunity to help improve the payments experience for merchants and consumers alike.
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Bank Innovation
MARCH 27, 2019
Hong Kong’s traditional banks are set to face one of their biggest challenges yet: a new breed of financial technology firms estimated to snare as much as 30% of their revenue. The Hong Kong Monetary Authority has granted three virtual bank licenses and is processing five more, Deputy Chief Executive Arthur Yuen said in a […].
PYMNTS
MARCH 29, 2019
Federal Bank in India has partnered with blockchain payments company Ripple to facilitate cross-border payments, according to reports. Federal Bank confirmed the collaboration in an announcement to the Bombay Stock Exchange on Thursday (March 28). “ This is to inform Federal Bank has entered into a partnership with Ripple Inc, a blockchain supported global remittance company, for cross border remittance through its network, ” the announcement said. “ Powered by blockchain-enabled solution, the R
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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
Chris Skinner
MARCH 27, 2019
For many years, banks have talked about moving away from transactions and towards advice. The branch is for advice. We will become trusted advisors. We see the value-add of banking is the information we can analyse around your data to offer advice. Complete rubbish. I’m sorry, but I’ve towed that … The post If banks provide no advice, what do they provide?
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
MARCH 29, 2019
Challenger banks are posing a real threat to traditional banks. How real of a threat? According to a new Citibank report, the incumbent banks face up to a 30% revenue hit thanks to competition from digital-first banks as well as big tech players like Google, Amazon and Apple, which are slowly making their way into […].
PYMNTS
MARCH 26, 2019
Ditch the plastic? Maybe, but not yet — and maybe not for a while. The world knows by now that Apple has debuted its credit card — the Apple Card — in conjunction with Goldman Sachs and Mastercard. The card is available in both virtual and tangible, plastic forms. The broad outline is one where the digital version of the card can be used wherever Apple Pay is accepted.
Chris Skinner
MARCH 26, 2019
I was about to write a really nice piece about Apple’s announcement of the launch of a new credit card, in partnership with Goldman Sachs, when Brian Roemmele beat me to it. Who is Brian Roemmele you ask? And if you are asking that … WHERE HAVE YOU BEEN? Brian is … The post Everything you need to know about Apple’s new credit card (and a bit more) appeared first on Chris Skinner's blog.
Payments Dive
MARCH 26, 2019
Finanical and techology experts are weighing in on the impact of Apple's highly anticipated entry into the credit card space.
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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
Bank Innovation
MARCH 25, 2019
A person’s utility bill can reveal a lot about their financial profile. And many banks and alternative lenders are using this data to underwrite loans, Sanjoy Malik, CEO and co-founder of utility data provider Urjanet, told Bank Innovation. “A consumer’s utility payment history reveals obvious things like does the person pay bills on time? How […].
PYMNTS
MARCH 28, 2019
Instant payments — and the ability to push funds immediately across the debit rails to consumer bank accounts — has entered something of a renaissance. The demand is there: According to the latest edition of the PYMNTS Disbursements Tracker , 75 percent of consumers expressed a preference for faster payments, and 84 percent of those consumers reported debit cards as their preferred way of receiving those funds.
Chris Skinner
MARCH 26, 2019
I was about to write a really nice piece about Apple’s announcement of the launch of a new credit card, in partnership with Goldman Sachs, when Brian Roemmele beat me to it. Who is Brian Roemmele you ask? And if you are asking that … WHERE HAVE YOU BEEN? Brian is … The post Everything you need to know about Apple’s new credit card (and a bit more) appeared first on Chris Skinner's blog.
Payments Dive
MARCH 26, 2019
This market report gives an overview of the mobile payments landscape in Central & Eastern Europe: Russia, Ukraine, Poland, Romania, Czech Republic, Hungary, Belarus, Bulgaria, Serbia and Slovakia.
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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.
Bank Innovation
MARCH 29, 2019
Digital bank TymeBank and conversational banking technology provider Finn AI have teamed up to bring a low-cost, AI-powered experience to underserved consumers as well as small and micro businesses in emerging markets. TymeBank, which was awarded the first full banking license in South Africa in about two decades, signed up over 100,000 customers within the […].
PYMNTS
MARCH 26, 2019
Square has released a new app called Square Invoices to help businesses design, manage and send invoices from anywhere, the company announced on Tuesday (March 26). The app works in real time and lets users handle all facets of their business from their mobile devices. “The way we do business is changing; not everyone works from an office, and small businesses need the flexibility to handle core processes like invoicing on the go,” said Alyssa Henry, seller lead at Square.
Chris Skinner
MARCH 25, 2019
So, I blogged last week about women in FinTech and whether we care, and got lots of replies … from women … who said yes, we care. Interesting that there were not so many replies from the other gender, but hey what do you expect? One interesting insight is that … The post Women in FinTech … yes, we care appeared first on Chris Skinner's blog.
Bobsguide
MARCH 28, 2019
Constant dialogue and regulatory flexibility is propelling Asia to the forefront of the crypto industry, while Western jurisdictions and regulators fall behind by adopting a slower “wait and see” approach, according to executives at two EU-based cryptocurrency firms. “Asia can.
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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.
Bank Innovation
MARCH 25, 2019
Eleven startups participated in the Demovation challenge at the Bank Innovation Ignite conference in Seattle earlier this month. These startups, diverse in focus, comprised a wide range of the fintech ecosystem, including payments, security and blockchain. The winner of the competition- an identity proofing and verification startup Diro Labs, received admission to the INV Fintech […].
PYMNTS
MARCH 24, 2019
Uber, the ride-hailing startup, is reportedly gearing up to make a $3 billion bid for Careem Networks , the Dubai-based ride-hailing company. According to a report in Reuters , citing sources familiar with the deal, Uber could make the offer during the early part of the week. Uber is offering $1.4 billion in cash and $1.7 billion in convertible notes, which can be converted to Uber shares at a price of $55 per share.
Chris Skinner
MARCH 25, 2019
So, I blogged last week about women in FinTech and whether we care, and got lots of replies … from women … who said yes, we care. Interesting that there were not so many replies from the other gender, but hey what do you expect? One interesting insight is that … The post Women in FinTech … yes, we care appeared first on Chris Skinner's blog.
Payments Source
MARCH 25, 2019
Apple's new credit card isn't just another virtual card in its virtual wallet. It borrows a lot of features from the most successful brands in payments and technology.
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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.
Bank Innovation
MARCH 25, 2019
Working with $11.9 million from its shareholders to continue growing and investing in technology this year, Banesco USA entered into an agreement recently with Silicon Valley-based accelerator Plug and Play Fintech. The Coral Gables, Fla.-based bank may be a community bank, but it’s thinking big when it comes to digital transformation. President and CEO Jorge […].
PYMNTS
MARCH 25, 2019
Approximately 20 billion IoT-enabled devices will be connected by 2020. These items are fast, handle an increasingly large amount of personal and financial data and tend to be prone to cybercriminals’ attacks. A large-scale, IoT-based breach has yet to occur, but the seeds are already sprouting. Thus, IoT security is becoming an essential part of modern conversations.
Chris Skinner
MARCH 26, 2019
Not sure if anyone noticed that the Financial Stability Board – the world’s central banks tasked with maintaining financial stability – produced a white paper on FinTech last month. It was published on Valentines Day, so you were probably busy, and I only just stumbled across it. Here’s the Executive Summary. … The post Does FinTech worry policymakers?
Bobsguide
MARCH 26, 2019
An obsession with the latest and greatest cybersecurity technology and a lack of empowerment for chief security officers is holding banks and others in financial services back from tackling the real root of the problem – cybercriminals already infesting their networks. “The security.
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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.
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