Sat.Aug 27, 2016 - Fri.Sep 02, 2016

article thumbnail

The three sexiest words in FinTech

Chris Skinner

I recently opened an investment fund for blockchain start-ups in partnership with Life.SREDA, who produce a report on the state of FinTech twice a year. The latest report, almost 300 pages of analysis, provide more insights of the first half of the year in FinTech [Money of the Future 1H’2016 and Chinese, Korean and Japanese … The post The three sexiest words in FinTech appeared first on Chris Skinner's blog.

Fintech 284
article thumbnail

Top 20 Finance Apps: Venmo Is the Most Popular iOS App for Finance

Bank Innovation

No matter what time of year or how the economy is, mobile app users are concerned with their credit. How else to explain the continuing reign of Credit Karma atop the finance mobile app heap? But the real surprise may be that PayPal’s P2P app Venmo is top dog among Read More.

Mobile 276
Insiders

Sign Up for our Newsletter

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

article thumbnail

Merchants mull best ways to influence consumers through mobile devices

Payments Dive

As consumers become more attached to their smart devices, the question becomes how do restaurants and retailers reach them there in an impactful way.

Mobile 268
article thumbnail

U.S. Postal Service Rolls Out New App To Protect Mail Carriers From Dogs

PYMNTS

With the rise of Amazon Prime and eCommerce , more packages are being delivered to customers’ homes than ever before. It’s now possible to order everything online for in-home delivery from groceries to pet food to toilet paper, and consumers can usually get those items delivered to their doorstep overnight or in a manner of hours. The U.S. Postal Service delivered 4.5 billion packages in 2015, a big jump from the 3.3 billion in packages it delivered to customers in 2011, and now accounts for abo

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

How the system crushes the poor

Chris Skinner

Building on yesterday’s discussion of the digital divide turning into a human divide*, I find it intriguing how we talk incessantly about financial inclusion and how technology will bank the unbanked. It is our dream. But is it just a dream? The reason for thinking this is that poverty and inclusion is yet another area, … The post How the system crushes the poor appeared first on Chris Skinner's blog.

System 284

More Trending

article thumbnail

Beyond the smartphone: Restaurants and retailers challenged to reach consumers everywhere

Payments Dive

At the recent CONNECT Mobile Innovation Summit, executives discussed how providing the best omnichannel experience should be a top priority.

Retail 218
article thumbnail

It’s An mPOS World After All

PYMNTS

MPOS technology has made the world undeniably smaller, allowing consumers and businesses alike to make and accept payments from around the corner or around the globe. The future of payment technology will likely follow that path, becoming more universal as the technology becomes more commonplace, according to Alok Arora, CEO of Mosambee , an mPOS provider offering near-universal payment acceptance.

article thumbnail

Creating PayPal’s Perfect Storm

Chris Skinner

Apparently, I am a miscreant. I am the one guy who managed to break PayPal. What? OK, here’s the story. The next 2,000 words tell the story but, if you’d rather miss that and cut to the chase, jump to the end. Most of my customers wire me the money. American customers are more of … The post Creating PayPal’s Perfect Storm appeared first on Chris Skinner's blog.

article thumbnail

The Fintech Threat Is Real

Bank Innovation

It may come as a surprise to many of us that consumers are generally satisfied with their banking relationships. However, this doesn’t mean that banks have nothing to worry about. Alternative providers and FinTech companies present a double-edged risk to traditional banks. First, there is the eminent danger of a Read More.

Fintech 244
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

Dunkin' Donuts, Pita Pit share tips for driving mobile app adoption, use

Payments Dive

Digital gurus at Dunkin' Donuts and Pita Pit offer up real-life insight on mobile app strategy.

Mobile 170
article thumbnail

How Mobile Apps Are Changing The Face Of Brick-And-Mortar Retail

PYMNTS

It might seem like a weird contradiction, but mobile shopping apps are changing the way that customers engage with and shop at traditional brick-and-mortar retailers. “Most shoppers are now armed with a mobile device when they enter a retail store,” according to a study on mobile apps by MicroStrategy , a global analytics company. “They are highly informed and expect the retail employees they interact with to be at least (if not more) knowledgeable about a store’s products, promotions and servic

Retail 133
article thumbnail

Could central bank digital currencies kill monetary policy?

Chris Skinner

I didn’t realise until the other day that the Bank of England has a blog Bank Underground. Finally, a boring old British bank with a blog. Not a consumer bank of course – none of those blog – but a good old central bank. The Bank makes clear it’s not the opinions of the institution … The post Could central bank digital currencies kill monetary policy?

Policies 253
article thumbnail

The Fed Launches a Facebook Page — and Out Come the Trolls

Bank Innovation

France has one. Germany and England, too. Wasn’t it time for the central bank of the United States to launch its own Facebook page? Yes, indeed-y. The Federal Reserve Board introduced its new social media effort this month “with the aim of increasing the accessibility and availability of Federal Reserve Read More.

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

2016 IB Social Media Leaders

Independent Banker

Congratulations to the Top 2016 IB Social Media Leaders. Independent Banker ® magazine recognizes three community banks who have conducted creative, engaging and impactful social media campaigns. This year’s panel of judges evaluated social media campaigns submitted from several community banks across the country before selecting those that received final recognition.

article thumbnail

Singapore Reforms Laws For FinTech Push

PYMNTS

Singapore is preparing for a FinTech revolution. The small nation is making a big push in support of FinTech innovation by reforming its payment laws. Singapore’s financial authority said it will look to consolidate existing legislation related to payment systems, stored value facilities and remittance businesses in order to create a new combined regulatory framework. “A more calibrated regulatory regime, applied on an activity basis to payment service providers, rather than specific payme

Fintech 117
article thumbnail

The Finanser’s Week: 22nd August – 28th August 2016

Chris Skinner

Here are our key posts for the past week … Applying Blockchain to Clearing and Settlement I’ve talked a lot about blockchain, but not much lately about the use cases, of which four stand out in terms of real activity: Clearing and Settlement, Trade Finance, Payments and Digital Identity. I thought I’d do a deeper dive … The post The Finanser’s Week: 22nd August – 28th August 2016 appeared first on Chris Skinner's blog.

article thumbnail

Brave Payments Uses Bitcoin Micropayments to Block Ads

Bank Innovation

There’s a war on in digital advertising. Facebook, whose ads are its lifeblood, is fighting ad blockers, while other services continue to find innovative ways to help users skip the marketing. Another such way was announced yesterday: Brave, a web browser designed to eliminate ads co-founded by former Mozilla executive Brendan Eich, Read More.

Bitcoin 231
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

Vague Transaction Descriptions Are Hurting Merchants and Issuers

Payments Source

Despite being limited to 20 – 25 characters (including spaces), the purchase descriptor in a card statement is the best means by which an issuing bank and merchant can convince a cardholder that he or she has actually made the purchase and reduce chargebacks. In a world where many of us are challenged to communicate in 140 characters or less, 20-25 presents a true test.

US 88
article thumbnail

Loyalty Programs, The Blockchain Way

PYMNTS

The blockchain has been touted as a technology to revolutionize a lot of things — moving money, clearing trades, making contracts smart and enforcing terms. But curing what ails loyalty? That’s the view of Ron Quaranta, COO of loyyal and chairman of the Wall Street Blockchain Alliance. In the latest installment of Topic TBD, Karen Webster spoke with Quaranta about how blockchain is just what the doctor — or anyone interested in attracting and retaining an engaged consumer — ordered.

article thumbnail

Things worth reading: 1st September 2016

Chris Skinner

Things we’re reading today include … 60 SECONDS WITH: Vernon Hill, 71, Founder Metro Bank Challenger bank Fidor adopts ‘attack formation’ U.S. tax code may allow dramatic retaliation in EU Apple case London will remain the top financial centre post-Brexit, says Deutsche Bank chief Brexit so far Swift warns banks about hacker theft Mark Carney … The post Things worth reading: 1st September 2016 appeared first on Chris Skinner's blog.

Metro 190
article thumbnail

Can Crowdfunding Work in Art Investment?

Bank Innovation

By now, crowdfunding is just another investment tool — like any other, it has its benefits and disadvantages as a source of capital. But the concept of allowing for individual investors of all experience levels has proven its worth, especially as fintech integrates with other industries: like the art world, Read More.

Capital 218
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

CFPB and OCC settles claims of alleged unlawful practices for credit card add-on products

CFPB Monitor

Barbara S. Mishkin. The CFPB announced that it has entered into a consent order with First National Bank of Omaha to settle charges that the bank engaged in unfair or deceptive acts or practices in connection with the marketing and sale of credit card add-on products and the billing of consumers for such products. The consent order requires the bank to pay at least $27.75 million to provide restitution to approximately 257,000 consumers.

Cards 84
article thumbnail

Aéropostale Liquidation Seems Eminent

PYMNTS

It is appearing more and more likely that liquidation will be the final fate of Aéropostale after a bankruptcy judge ruled last week that private equity firm Sycamore Partners could use the $150 million it is owed by the bankrupt teen retailer as a bid at its bankruptcy auction. Sycamore Partners and some liquidator partners entered their bids for the retailer last week, while Versa Capital Management appears to have backed out of its plan to try and save about 500 Aéropostale locations.

Retail 115
article thumbnail

Living on Mars or an Inferno?

Chris Skinner

I love the predictions of scientists, but they’re often wrong. The internet has a litany of stupid predictions from IBM’s President saying that there’s a worldwide market for about five computers to The Atlantic predicting that, by the year 2000, we would no longer be engaged in wars. The latest predictions are that, thanks to improvements … The post Living on Mars or an Inferno?

Marketing 177
article thumbnail

Can A Bot Help Your Bank Speak Millennial? [SPONSORED]

Bank Innovation

Despite the ongoing efforts of banks to attract millennials, they are still failing to make an impression. According to Gallup, only 23% of millennials are actively engaged with their bank, making millennials the least engaged generation. Considering that fully engaged customers bring considerable benefits and higher revenues – this is a big problem.

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.