Sat.Dec 15, 2018 - Fri.Dec 21, 2018

From innovation theatre to real innovation

Chris Skinner

I was listening to a great discussion about innovation (again) amongst a group of innovative bankers. As the conversation progressed, it made me reflect on a few things. In particular, how the conversation about innovation has changed over the past decade.

2018: The Year Of Evolution In Payments’ Revolution

PYMNTS

In life, change is the only constant, so why should it be different for payments?

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Public transit systems look to drive down costs, boost ridership with contactless fares

Mobile Payments Today

Public transit systems in New Jersey, New York, Chicago and other major metropolitan areas are converting their systems to accept contactless payments, which experts say will reduce costs and help improve ridership

What’s new in IBM GRC and OpenPages v8.0?

Insights on Business

Over the past year, the discussion of governance, risk and compliance (GRC) has continued in stories related to financial services and other sectors.

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Come the revolution, who’s first against the wall?

Chris Skinner

I present regularly to retail, commercial and investment banks, wealth managers and fund managers, insurance companies and more about how technology is transforming everything. I often can feel a sense of cynicism in the room.

Big Tech Companies Throw Support Behind Fed Creating Real-Time Payments Network

PYMNTS

Amazon , Apple and Google are among the large tech companies that are throwing their support behind the creation of a real-time payments network in the U.S. led by the Federal Reserve.

Kagan: Is Amazon Pay a trojan horse digital wallet to retailers?

Mobile Payments Today

Jeff Kagan explains why he believes Amazon Pay could have a successful future as a payment method in the retail world, even though these retailers are arch competitors with Amazon.com.

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More Trending

The top blog posts of 2018

Chris Skinner

Just looking through the stats for the last year and it gives you an insight into what’s hot and what’s not. So here are the ten most popular blog posts of 2018: In at Number 10 is: Who are the hottest FinTech firms and Influencers around the world?

Facebook Data Breach Fines Could Top $1B

PYMNTS

Facebook , the beleaguered social media giant that is facing intense scrutiny into its business practices, could be on the hook for a multibillion dollar fine, reported CNN.

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Facebook facing new regulatory scrutiny after data sharing allegations

Mobile Payments Today

Facebook is facing increased calls from privacy advocates, public officials and others for government regulation and investigation following new allegations of unauthorized data sharing

Facebook Is Said to Develop Stablecoin for WhatsApp Transfers

Bank Innovation

Facebook Inc. is working on making a cryptocurrency that will let users transfer money on its WhatsApp messaging app, focusing first on the remittances market in India, according to people familiar with the matter.

Did 2018 live up to expectations?

Chris Skinner

As usual, I began the year with a bunch of predictions. I always like to end the year by going back and reviewing them. My own predictions were a little bit off.

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How Open Banking Opens Doors For Alternative SMB Lenders

PYMNTS

Use of alternative finance (AltFin) sources among small business (SMB) owners is on the rise, but still has a long way to go before it poses a legitimate threat to traditional banks’ market dominance.

Two Events. One Goal. Elevate the Customer Experience

Mobile Payments Today

We are excited to bring two leading customer experience events to one place! The Interactive Customer Experience (ICX) Summit is about looking at the interactive technologies that are furthering the customer experience. CONNECT: The Mobile CX Summit is about learning the innovative ways mobile has helped to boost the customer experience

What 2019 Holds for Bank-Fintech Partnerships

Bank Innovation

There are startups that want to destroy banks and startups that want banks to buy their software. Luckily for the banks, there are many more of the latter than the former.

Things worth reading: 21st December 2018

Chris Skinner

Things we’re reading today include … U.S. Bank Regulators Warn of ‘Living Will’ Shortcomings at Four Foreign-Owned Banks Deal of the year: Digital banks India’s Assault on Central Bank Autonomy Is Just Starting Malaysia seeks $7.5

Robinhood Retreats From Checking, Savings Products

PYMNTS

Robinhood , the FinTech that garnered a lot of attention last week after announcing a checking and savings product with 3 percent interest, has retreated from that, removing any mention of checking and savings from the product.

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Europe Card Not Present Fraud Trends

Mobile Payments Today

CNP fraud contributes 73% to total card fraud in Europe. View our latest infographic to learn more

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Temenos Lands PayPal Contract for Core Banking

Bank Innovation

How's this for a momentum-builder for a firm with its sights set on U.S. expansion? Swiss banking software provider Temenos announced today that PayPal will use its Temenos T24 Core Banking platform for several of the payment services provider’s businesses around the world.

A word of advice to conference organisers …

Chris Skinner

As a professional conference goer, I have certain routines. My main focus is to learn and, although I won’t attend every session, I will attend many.

Hackers Can Unlock Phones Via 3D Printing

PYMNTS

There’s a new method hackers can use to break into someone’s smartphone: create a 3D-print life-size replica of the owner’s head. To show how the method can work, Forbes reporter Thomas Brewster had a 3D print of his own head created at Backface in Birmingham, U.K.

The Future of Fintech Video Series: LianLian Pay

Mobile Payments Today

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing

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Guess Which Startup is Looking to Hire a Regulatory Counsel

Bank Innovation

Attention lawyers: Robinhood is hiring.

Things worth reading: 20th December 2018

Chris Skinner

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Five Ways QSRs Are Driving Digital Innovation

PYMNTS

New technology continues to change the way consumers order and pay for quick-service restaurant (QSR) food: Kiosks and online ordering, among other experiences, let consumers ditch the counter for faster and higher-tech alternatives.

The Future of Fintech Video Series: Clickswitch

Mobile Payments Today

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing

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Creating an Effective Financial Services Marketing Strategy for Millennials

Bank Innovation

On the surface, a financial services marketing strategy is not completely different than a marketing strategy for any other industry. The crucial difference, though, is the higher and more demanding standard that financial services have from their customers.

Things worth reading: 18th December 2018

Chris Skinner

Morgan Stanley Takes Steps To Make FinTech Partnering Easier

PYMNTS

Morgan Stanley wants to make it easier to acquire new tech from startups as well as pick up the pace of collaboration amid concerns from FinTechs that partnering with big banks can be slow and expensive.

10 Healthcare And Pharma Giants Working On Blockchain Solutions

CB Insights

In the highly regulated world of healthcare, data can often be siloed and underutilized. Even between hospitals within the same system, it’s difficult to track a given patient’s health records, let alone properly bill for treatment. Maintaining provider data costs an estimated $2.1

5 Most Influential People in Banking for 2018

Bank Innovation

A lot was said and done in the world of banking and fintech in 2018. In the midst of all the competition and collaboration, leaders emerged from all corners of the industry.

Things worth reading: 19th December 2018

Chris Skinner

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Report: Only 29 Percent Of EU Firms Are GDPR-Compliant

PYMNTS

It’s been six months since the General Data Protection became law of the land, at least in the European Union, and yet the majority of companies that must be in compliance with that mandate are woefully unprepared.

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10 insurtech start-ups to watch out for in 2019

Bobs Guide

The global insurance market has remained more or less untouched by philosophical shifts for decades. Yet thanks to a flurry of recent tech innovations, an influx of investment from venture capitalists and sky-high demand for bigger, better and faster insurance products, the sector is now

5 Best Bank Marketing Videos of 2018

Bank Innovation

Sad dogs, star power and talking goats. Banks and other FIs pulled out all the stops in 2018 to make commercials and marketing videos that would leave an impression on customers. Here are five that caught our attention this year, in no particular order.

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The Finanser’s Week: 10th December – 16th December

Chris Skinner

The main blog headlines are … Open Banking: Strategy and Presentation I haven’t given away my slides and presentation for a while, as it’s part of my unique armoury, but I’m bored with my latest slide deck so here it is. Open Banking Strategy and Business Model from Chris Skinner … The post The Finanser’s Week: 10th December – 16th December appeared first on Chris Skinner's blog. Blog Index Grid Reading

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Uber Faces Fine From France For 2016 Data Breach

PYMNTS

The French Data Protection Authority said Thursday (Dec. 20) that it fined Uber $460,000 over its 2016 data breach that exposed the data on 57 million customers and drivers across the world. Uber paid hackers to hide the breach for about a year before it was disclosed.

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