Chris Skinner
MAY 6, 2018
I’ve been tempted for some time to write a book about how sex is at the heart of commerce, innovation and money. I’ve alluded to it a few times, and particularly noted that the right honourable Jeremy Clarkson sometimes says something intelligent. “Money and rumpy-pumpy (sex) are the twin engines … The post Banking isn’t really about money appeared first on Chris Skinner's blog.
Bank Innovation
MAY 7, 2018
Conversational banking has been a hot topic in the space since early 2017, and that trend doesn’t seem to be going anywhere in 2018. At the center of this phenomenon is artificial intelligence company Kasisto and its co-founder and CEO, Zor Gorelov. Based in New York, Kasisto is still riding the wave of its successful […].
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Payments Dive
MAY 11, 2018
Bank of America's Head of Digital Banking Michelle Moore and PayPal CEO Dan Schulman each made separate comments the past couple of weeks about the future of digital payments in the U.S. The problem is that right now, they're way off.
PYMNTS
MAY 10, 2018
Synchrony Financial announced today (May 10) that it will acquire Loop Commerce , the digital gifting platform used by retailers to make every product giftable. Using Loop’s GiftNow feature, consumers shopping for someone else at a participating retailer can send any product to any recipient using only their email address and then schedule a time for that item to be delivered, including in real time.
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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
MAY 10, 2018
I just presented at a conference focused upon smaller banks. How can they respond to the digital change? Many of them came up with a whole load of barriers to change. Here are the things that cropped up: We have too much to do Yep, small financial firms are busy … The post Small bank thinking appeared first on Chris Skinner's blog.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
MAY 10, 2018
Dan Puterbaugh, senior legal advocate for Adobe, discusses the opportunity for the underbanked and unbanked to break into the financial mainstream.
PYMNTS
MAY 11, 2018
Robots aren’t going to take over the world, but humans could use them for some scary stuff. That’s Amazon CEO Jeff Bezos’s take on artificial intelligence (AI), according to CNBC. And in the wake of Google ’s latest tech revelation, many experts are agreeing with him. Google revealed its human-sounding AI assistant Google Duplex during this week’s I/O conference.
Chris Skinner
MAY 9, 2018
I just listened to a presentation by Nick Thompson, editor-in-chief at Wired, about all things in the future of tech. A lot of it was focused upon Artificial Intelligence and Machine Learning towards the end, but the first half was interesting as it focused upon why there is a backlash against Silicon … The post Tech firms will be regulated like banks in future appeared first on Chris Skinner's blog.
Bank Innovation
MAY 9, 2018
Chatbots are great for personal interactions with banks, but the camera may soon provide an even more powerful tool for gauging customer sentiment. How? By reading the expression on a customer's face, the way another human would. Seems unbelievable, right? Not according to Raghu Rajah, vice president of digital banking, engineering and product management at […].
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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
Payments Dive
MAY 8, 2018
Mobile Payments Today is preparing the 2018 edition of the Mobile Wallet Comparison Guide. If your company provides a mobile wallet, you're eligible for a free listing in the guide.
PYMNTS
MAY 9, 2018
As restaurant operators seek to bolster sales in the face of weak traffic growth, Yum! Brands’ Pizza Hut is bringing beer delivery to approximately 100 of its restaurants in California and Arizona. The restaurant chain had begun testing the service in Phoenix back in December, Reuters reported. The new rollout will include cities such as Tucson, Prescott and Winslow in Arizona, and Los Angeles, Bakersfield, Sacramento and Santa Barbara in California.
Chris Skinner
MAY 8, 2018
I have several friends in the FinTech world whose views I respect, and one of those is Steve Lemon, a co-founder of Currencycloud. He recently sent me this viewpoint, which I think is worth sharing. Enjoy! Is the weak link in alternative banking cross-border payments? by Steve Lemon, VP, Corporate … The post Is the weak link in alternative banking cross-border payments?
Bank Innovation
MAY 8, 2018
Fintech startups have taken note of the vast opportunity in the SME space, which has been underserved by banks since the financial crisis. Add to this the growing number of freelancers and independent contractors, and the market becomes even more attractive. “Small businesses are extremely profitable banking customers,” Trevor Dryer, CEO of Mirador, an SME […].
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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.
PYMNTS
MAY 10, 2018
Wells Fargo announced news on Thursday (May 10) of the launch of Pay with Wells Fargo, a new service for its mobile app that brings payment options to the home screen of the app before a customer must log in. In a press release , the bank said customers can select their most commonly used payment method, including Zelle , mobile wallets, Card-Free ATM Access code and transfers, without having to sign into the app.
Chris Skinner
MAY 7, 2018
Today marks the day, finally, when Digital Human is available globally through Amazon, Google and all other online outlets. It was slightly delayed for release in Europe and America whilst the publishers were switched, but today it is finally online for all to order and receive within a day or two. … The post Two minutes on the future life of digital humans appeared first on Chris Skinner's blog.
Bank Innovation
MAY 8, 2018
Facebook has formed a team to tackle blockchain initiatives. And it has put the former PayPal President David Marcus in charge of the effort. Marcus's involvement implies that the blockchain effort might have some financial services implications. Last December, Marcus joined the board of Coinbase, the cryptocurrency exchange. Facebook announced a whole slew of executive changes […].
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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.
PYMNTS
MAY 7, 2018
There are some things that happened so predictably they became like laws. Transistor density on microchips doubled every year and a half, so we started calling it Moore’s law, until it started slowing down. SNAP (the Supplemental Nutrition Assistance Program , colloquially known as food stamps) customers are easily assumed to be digital outsiders, but Propel is rewriting that rule.
Chris Skinner
MAY 9, 2018
Things we’re reading today include … Bank of Canada says strengthening defences against cyber attack ?Why NAB won’t be upgrading its core banking platform any time soon Goldman Sachs lays out bullish case for U.S. bank stocks Switzerland is about to vote on whether to send its financial system back … The post Things worth reading: 10th May 2018 appeared first on Chris Skinner's blog.
Bank Innovation
MAY 11, 2018
SANTA CLARA, Calif. - Largely triggered by Google's demo showing Google Assistant imitating human voice to book a hair appointment (see here; it’s pretty impressive), the chatter on Day 3 of FinovateSpring here was all about conversational banking. Many banks are adopting conversational chatbots, but there is still no equivalent of Amazon's Alexa or Google's Assistant […].
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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.
Bobsguide
MAY 8, 2018
“Political risk? SAD!” With the global economy continuing to grow steadily without evidence of a strong upsurge in inflation, recent market corrections have increasingly been driven by concerns about political developments. Whether these appear in the form of a tweet from the US.
PYMNTS
MAY 10, 2018
After nearly three years, the transition to EMV in the United States still has its challenges. In an interview with PYMNTS, National Business Systems VP David Riley noted a lack of awareness in the field for smaller firms across several verticals. The executive stated that the simple cash register — and what that hardware can do, and how — has undergone a series of transformations over the last few decades, reaching the point where EMV protection and integrated payments are both affordable and e
Chris Skinner
MAY 5, 2018
The main blog headlines are … Cryptocurrencies are not currencies I’ve been watching the rollercoaster ride of cryptocurrencies very carefully for the last year, and it only struck me today that these are not currencies … yet. Apart from a few novelty vendors and merchants who put bitcoin on their … The post The Finanser’s Week: 30th April 2018 – 6th May 2018 appeared first on Chris Skinner's blog.
Bank Innovation
MAY 10, 2018
SANTA CLARA, Calif. – Day 2 of FinovateSpring has come and gone, and curiously, there were still no demos from a blockchain-focused fintech. Among the 54 fintechs that demoed here over the last two days, more than half showcased products and services that used artificial intelligence in some shape or form, but none of the […].
Advertiser: Data Robot
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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