Sat.Jun 29, 2019 - Fri.Jul 05, 2019

The end of FinTech

Chris Skinner

I’ve been involved in finance and technology for a long, long time. Originally, I was a technologist; then a financial technologist; and now a FinTech guy. However, I see the FinTech piece as being irrelevant. Whether it’s FinTech or TechFin, it’s all still just finance and technology.

Rebeca Romero Rainey: You are the backbone of our nation’s financing

Independent Banker

“When our customers’ needs take center stage, we identify creative solutions to help them achieve their dreams.”.

The 4 Key Clues To Understanding The Future Of Facebook’s Libra


It’s been a little over two weeks since we all got our first look at Libra and Calibra. No doubt there will be countless news stories to come, and opinions on why it will or will not fly.

Brexit uncertainty causing some fintechs, challenger banks to put growth plans on hold

Mobile Payments Today

The chaos surrounding the looming Brexit deadline is causing some fintechs and digital banks to take precautionary steps

How can you be AI with DD?

Chris Skinner

No, I don’t mean Attention Deficit Disorder, which would be ADD, but I mean Artificially Intelligent with Dumb Data.

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Canada-based Manulife Bank is betting on conversational AI to hook customers

Bank Innovation

The Canadian banking ecosystem, a walled fortress comprised of a handful of major institutions that own most customer relationships, recently added a new digital-only, mobile participant.

Why Blockchain Holds Promise For Cross-Border Payments


The rise of the global economy and the demand for swift and secure cross-border payments is driving the development of more efficient infrastructures, and spurring financial institutions (FIs) to experiment with emerging tech.

More Trending

AI in banking: the pitfalls and opportunities (research paper)

Chris Skinner

Building on yesterday’s blog about reports that are useful, I just found another one from UK Finance (formerly the British Bankers Association) on how they see AI in banking, released last week.

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The paradox of data: can financial services avoid a Cambridge Analytica?

Bank Innovation

For the financial services industry, Facebook’s new cryptocurrency, Libra, is yet another warning that digital technology is chipping away at the foundation of traditional business models. If bankers were reading the wires on June 18, they might have choked on the Libra news.

PayPal And Visa Launch Instant Transfer SMB Tool In Canada


Payment bottlenecks cause problems for all types of consumers and companies, not the least of which are small and medium-sized businesses (SMBs). But a new offering from PayPal and Visa could help ease those frustrations and hassles.

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What customer complaints can tell you about your experience (and your compliance)

Insights on Business

Until recently, the words “customer experience” and “compliance” didn’t really come up in the same conversation – let alone exist in the same universe.

Fintech foundations lie with both financial and technology people

Chris Skinner

I was talking to a Securitisation conference the other day. Securitisation? What’s that? Well, I could explain but if you don’t know google it and you’ll find it’s one of those areas of financial markets that destroyed economies a decade ago and left us all with a huge debt.

Generation Z is the new battleground for challenger banks

Bank Innovation

A new breed of banking startups wants to lock in customers while they’re in high school and college. As the ecosystem of millennial-focused challenger banks gets crowded, a growing number of startups are focusing on Gen Z customers, or those who were born in the mid-1990s onwards. The objective is to become the customer’s primary […]. Exclusive Retail Banking Startups bank startups challenger bank current Generation Z Kard startups

Citi On The Art And Science Of Detecting B2B Outlier Payments


Call them errors made at the speed of commerce. Payments are gaining speed, as is fraud — and sometimes, simple human error is costing companies revenue, precious time or both.

Latest Trends Expose Evolving Data Breach Activity I Security I Malware I Phishing I Ransomware I Trends

Mobile Payments Today

Download this infographic from TNS which looks at the results of a series of recent industry studies which highlight the latest data breach trends. It uncovers the top 5 types of breach incidents, which assets and data criminals are targeting and the number of organizations who have been affected

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Mobile first is a no brainer, but what is digital first?

Chris Skinner

An interesting report came out this week saying that UK consumers would access mobile banking apps more often than branches in the next two years. It got covered on the BBC, Sky News and lots of other media, but I was thinking in the next two years?

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SMB lender Kabbage secures $200m in funding for growth

Bank Innovation

Digital lender Kabbage, which offers small businesses lines of credit up to $250,000, has secured a four-year revolving credit facility to fuel further growth.

Cash Flow Forecasting That Sees The Forest From The Trees


There’s the forest and there’s the trees — and a lack of ability to see both at the same time can often lead to disaster. The same principal holds true when it comes to forecasting cash flow.

How to Mitigate Ag Lending Risks


The following article is based on the whitepaper, The Ag Lender’s Survival Guide by Rob Newberry, SVP of Credit Risk Services at Abrigo. To download the whitepaper, click here. Today, most of farmers’ cash reserves that were built up in 2012-2014 are at, or nearing, depletion.

Things worth reading: 5th July 2019

Chris Skinner

Things we’re reading today include … In Brexit Britain, battling home lenders chase risk and pensioners Nearly half of global wages received by top 10%, survey finds Osborne thinks he could run the IMF.

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BMO adds personal loan assessment tool to its mobile app

Bank Innovation

The Bank of Montreal has launched a mobile loan application tool for its Canadian customers. Brett Pitts, BMO's chief digital officer, told Bank Innovation the product rollout was a response to customer demand.

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Why Contactless Payments Are This Summer’s Big Music Headliner


Cruise ships and musical festivals are not that different from each other, not these days. Both feature large crowds of generally like-minded people.

Our 7 Question Test To Prevent Bad Bank Technology

Banker to Banker

BANK TECHNOLOGY DECISIONS The largest problem with bank innovation is that we see or hear about a sexy piece of technology at a conference or at another bank and then acquire it.

Things worth reading: 3rd July 2019

Chris Skinner

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Scenic Advisement’s Leung: Banks aren’t meeting private tech’s needs

Bank Innovation

The growth of capital in play in the private market is changing how private companies, particularly tech startups, find liquidity in the race to go public. Exits of firms like Uber, Lyft and Slack have made 2019 something of a banner year for initial public offerings.

CBD And Cannabis Industries Attract Payments And Compliance Players


When it comes to the new and emerging legal cannabis industry – along with the closely related trade in CBD products – payments and compliance issues, as one can imagine, have tremendous importance, and companies are striving to get into the game via those angles.

What's the future of the ATM industry?

ATM Marketplace

The sixth edition of the ATM Future Trends report, which includes the results of an extensive survey and industry insights from ATM thought leaders, is available

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The Finanser’s Week: 24th June – 30th June 2019

Chris Skinner

The main blog headlines are … Platform, marketplace, ecosystem … buzzword bingo! I encounter lots of banter about platforms, marketplaces and ecosystems, and do wonder in the flippant way people use them interchangeably whether they really understand what they are talking about.

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ComplyAdvantage CEO sees regulatory headaches for big tech’s financial forays

Bank Innovation

Charlie Delingpole, founder and CEO of regtech startup ComplyAdvantage, said big tech firms like Google, Apple, Facebook and Amazon face no shortage of regulatory headaches by venturing into financial services.

Deep Dive: How Biometrics And AI Are Improving Banks’ Customer Experiences


Passwords are increasingly vulnerable in today’s day and age. Hacks and data breaches have become all too common, with fraudsters turning to “brute force” attacks and plugging in commonly used passcodes to gain access to users’ accounts.

Big deals altering the payments landscape


There’s a decent chance we’ll look back at the first half of 2019 as the period when the US payments landscape changed permanently. The chain of events began in January with Fiserv’s surprise announcement that it was acquiring First Data in a $22 billion merger.

Things worth reading: 1st July 2019

Chris Skinner

Financial industry reps worry OCC regulatory ‘sandbox’ could stifle innovation

Bank Innovation

The Office of the Comptroller of the Currency (OCC) is pushing ahead with its Innovation Pilot Program, a mechanism that will allow regulators to work with financial services companies as new products are being developed.

Seniors Help Drive Progress In The Digital Economy


Younger consumers — millennials, Generation Z — seem to get all the focus when it comes to eCommerce and digital payments these days.

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Is it time to outsource your marketing?


In many aspects of business, no matter the industry you’re in, you tend to see cyclical trends. The pendulum swings one way, then it swings back. Take marketing.

Coinsquare partners with Just Cash to allow bitcoin buys at regular ATMs

ATM Marketplace

Coinsquare, a Canadian cryptocurrency exchange, has partnered up with Just Cash to allow consumers to buy bitcoin via regular, non-bank operated ATMs in the U.S.

AI-powered asset manager Pagaya overseeing $650m after latest ABS deal

Bank Innovation

Pagaya, which uses artificial intelligence to manage institutional money, is issuing a second $100 million actively managed asset-backed securities (ABS) offering, the U.S.-Israeli Israeli fintech firm announced today. This follows Pagaya's first $100 million ABS deal fully managed by AI in February.