Sat.Apr 07, 2018 - Fri.Apr 13, 2018

article thumbnail

AI and Best Execution: the Investment Bankers’ Dream Team

Chris Skinner

I don’t often blog about investment banking as it bores my readers who are cool and trendy retail bankers and geeks, mainly, but keep coming back to this article about JPMorgan’s Best Execution AI engine, LOXM. LOXM’s job is to execute client orders with maximum speed at the best price, … The post AI and Best Execution: the Investment Bankers’ Dream Team appeared first on Chris Skinner's blog.

Maine 360
article thumbnail

Bank Innovation Launches Public Telegram Channel

Bank Innovation

EXCLUSIVE – Interested in the latest trends in payments, digital banking, blockchain technology, API, security, big data and all the other hot topics in the fintech space? Come join Bank Innovation’s Telegram Group. Bank Innovation‘s Telegram channel was created to foster discussion and collaboration among the fintech community on the latest trends, insights and events […].

Insiders

Sign Up for our Newsletter

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

article thumbnail

The curious case of rising cash demand in a digital age

Payments Dive

Cash demand has risen right along with payment card transactions during the past decade-and-a-half. What's up with that? We went looking for an answer in "Payments are a-changin' but cash still rules," a publication from the Bank for International Settlements.

Cards 326
article thumbnail

Salesforce VP On Channeling APIs For Personalized Financial Services

PYMNTS

Financial services players, both big and small, are embracing APIs in a major way — as they should. From solutions designed to increase the use of new technologies like the blockchain , to those aimed at giving consumers a more personalized set of products and services, APIs are being used to unlock all kinds of new capabilities. And now, around the industry, banks, financial managers and other players are seemingly embracing the age of APIs.

article thumbnail

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

article thumbnail

The innovator’s view of Open Banking

Chris Skinner

I hosted a dinner focused upon Open Banking recently and what it means to FinTech firms and start-ups. There were no bankers at the table, but a lot of firms who consult, provide systems or are deploying new businesses in FinTech at the table. The general consensus around the table … The post The innovator’s view of Open Banking appeared first on Chris Skinner's blog.

Fintech 292

More Trending

article thumbnail

Evolving payments technologies challenge merchants to keep pace with consumers' expectations

Payments Dive

Retailers must be aware of what's changing in payments to better serve their customers. That was the overarching message to retailers from a group of executives on a panel at the recent Oracle Industry Connect in New York City.

article thumbnail

Ripple Invests $25M Worth Of XRP Into Blockchain Capital’s Fund

PYMNTS

Ripple , the blockchain company, announced news on Wednesday (April 11) that it has invested $25 million of its XRP cryptocurrency in Blockchain Capital’s $150 million fund Blockchain Capital Parallel IV. In a press release, Ripple said Blockchain Capital is the first fund focused solely on the blockchain space and is also the first to accept capital calls in cryptocurrency.

article thumbnail

Mobile payments are on fire everywhere and, whilst some are just catching fire, others are burning

Chris Skinner

I am struck every day by the disparity in financial structures I see worldwide. Recently, I’ve visited Tunisia, Egypt, Sudan and Ethiopia for example, and am bemused how none of these countries has a strong mobile wallet operator. Instead, the nations seem to be 100% cash-focused, as my credit cards … The post Mobile payments are on fire everywhere and, whilst some are just catching fire, others are burning appeared first on Chris Skinner's blog.

Mobile 284
article thumbnail

Amazon Eyes P2P Payments with Alexa

Bank Innovation

E-commerce company Amazon is debating a P2P payments feature that would allow users to make payments via its Alexa virtual assistant, a move that would push Amazon into competition with providers like PayPal and Mastercard. The move, reported by the Wall Street Journal this past Friday, comes as Amazon is exploring several new projects in […].

Payments 281
article thumbnail

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

article thumbnail

Mobile scan-and-go shopping: The future of retail is now

Payments Dive

Julian Wells, retail director at Rambus, believes that retailers that invest in the right in-store digital initiatives will be able to separate themselves from the competition going forward.

Retail 292
article thumbnail

Uber Expands Uber Bike, Gets Into Car Rentals

PYMNTS

Uber , aiming to expand access to transportation for the masses, announced news on Wednesday (April 11) that it has launched a series of product updates that help riders get around without the need for a vehicle. In a blog pos t, Uber Chief Executive Dara Khosrowshahi said to meet that end, Uber Bike by JUMP is expanding to Washington, D.C. The service, which was first piloted in San Francisco earlier in 2018, will enable residents and visitors to Washington, D.C. to find and book a JUMP pedal-a

article thumbnail

Comparisons of platforms vs banks by the numbers

Chris Skinner

I’m not a financial analyst but a technologist and so, unsurprisingly, I got called out by some pedantic accountants over my simplistic assertion that Ant Financial is 35x more productive than banks like Barclays, as I was simply using their revenues per employee to make comparisons. Similarly, in previous discussions … The post Comparisons of platforms vs banks by the numbers appeared first on Chris Skinner's blog.

article thumbnail

PayPal Bank Partnerships Allow It to Offer Banking Features

Bank Innovation

Bank of PayPal, anybody? Well, according to a report by the Wall Street Journal, the payments company has been reaching out to certain customers to add certain banking features PayPal is offering. Through the PayPal digital wallet, the payments platform is offering Federal Deposit Insurance Corp. insurance for balances, a debit card for cash withdrawals […].

Cards 249
article thumbnail

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.

article thumbnail

'We're not in Kansas anymore': Summit focuses on elevating CX in a digital banking world

Payments Dive

With a lot of courage, heart and brains, Suresh Ramamurthi and his wife Suchitra Padmanabhan turned a failing bank into a fintech phenom in tiny Weir, Kansas. In a keynote at the BCX Summit, Ramamurthi will talk about CBW's journey — and its far-reaching implications for the bank customer experience.

Kansas 170
article thumbnail

PaySimple Embeds Payments, Cash Management Tools For In-Field Technicians

PYMNTS

Payments and commerce company PaySimple announced its latest integration into a third-party service provider. The firm announced it is integrating its payments processing capabilities, PaySimple AppConnect, into Profit Rhino, a mobile sales tool and pricing service platform for in-the-field service providers like home services and repairs. While the integration means Profit Rhino users will be able to accept payments on-site, PaySimple is also providing additional back-office features to the por

Tools 150
article thumbnail

The fragility of trust

Chris Skinner

During the Asian Banker’s Retail Excellence conference that I attended recently, my friend Emmanuel Daniel posed the question: Who do you trust more: Facebook or the Government? Bearing in mind that this was in the week of the Cambridge Analytica leaked data storm, where everyone was screaming to #deletefacebook and … The post The fragility of trust appeared first on Chris Skinner's blog.

article thumbnail

Banco Santander Launches Blockchain-Based International Money Transfer Service

Bank Innovation

Spain’s Banco Santander Bank today launched Santander One Pay FX, a blockchain-based international money transfer service across four countries. This new service is the first of its kind, according to the bank, and was developed by blockchain firm Ripple. The service is available to retail customers in Spain, UK, Brazil and Poland. The bank plans […].

article thumbnail

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.

article thumbnail

â??Banks must prepare for API unknownsâ??

Bobsguide

A lack of clarity over the potential products and services spawning from the open banking revolution will make it difficult for the industry to prepare for how the market will change. “I don’t think there’s anyone that can tell you what kind of services will be delivered off the.

Industry 160
article thumbnail

Taboola CEO: Why Android News Will Unlock New Content/Commerce Models

PYMNTS

It’s called the Paradox of Choice , or “analysis paralysis” – and anyone who has ever frozen in the face of searching Netflix for a Friday night movie has felt its icy grasp. Stated simply, it says that too much choice is bad for the average customer, who becomes so weighted down trying to figure out what they “really want” that they find it hard to choose anything at all.

Analysis 148
article thumbnail

Things worth reading: 11th April 2018

Chris Skinner

Things we’re reading today include … PayPal Makes a Move Toward Traditional Banking Bank of America Says It Will Stop Lending to Military-Style Gunmakers UK interest rates should be raised without delay, says Bank’s McCafferty – as it happened Bank of America: Tech stocks could be headed for regulatory-driven collapse … The post Things worth reading: 11th April 2018 appeared first on Chris Skinner's blog.

America 198
article thumbnail

Ripple Invests $25M in Blockchain Capital

Bank Innovation

Enterprise blockchain provider Ripple has made a $25 million investment in blockchain startup, Blockchain Capital, the company announced today. The growth of Blockchain Capital’s fund, which is now hovering at $150 million, will help support entrepreneurs and startups in the space. Ripple’s own investment will also be used to “provide an opportunity to identify new […].

article thumbnail

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.

article thumbnail

Data capitalism: How compliance provides competitive advantage for fintechs

Bobsguide

Compliance with legislation is a basic condition for all businesses. However, few industries are as regulated as the financial sector. Since the financial crisis, the volume of regulations has grown exponentially, and market participants now find themselves operating in a minefield of various legal.

article thumbnail

How Smaller Grocers Can Tap Into Digital Offerings

PYMNTS

With Amazon , Kroger and other large retailers in the grocery business introducing digital technology, such as mobile self-checkout, how do smaller regional grocers compete? The answer could be in white-label technology platforms provided by companies such as GrocerKey , a software company that helps brick-and-mortar retailers adapt to the new digital world.

Retail 147
article thumbnail

Things worth reading: 9th April 2018

Chris Skinner

Things we’re reading today include … China is at risk of a banking crisis, the Bank of International Settlements has found How crooks are using a legal app to steal your bank card details in under one SECOND UK challenger bank gives up banking licence to focus on fintech Nationwide … The post Things worth reading: 9th April 2018 appeared first on Chris Skinner's blog.

Fintech 185
article thumbnail

BBVA Wants to Focus on Banking as a Platform

Bank Innovation

EXCLUSIVE— BBVA is looking to create a platform ecosystem as it continues to grow its relationships with startups and fintechs, Jose Fernandez da Ponte, head of global business development and new ventures, BBVA Digital, told Bank Innovation. “We are very curious about the way banks can be used as platforms,” Fernandez da Ponte told Bank […].

article thumbnail

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.