Chris Skinner
MARCH 4, 2016
I had a few wake up calls in my years of working in financial services, and a couple of key ones gave me an insight into the mentality of major financial firms that have stayed pretty true ever since. The first was working with a major bank on a process re-engineering project.
Bank Innovation
MARCH 1, 2016
SEATTLE, Wash. — Ripple is working with more banks than R3 or Digital Asset Holdings, and is narrowly focusing on cross-border payments, founder and CEO Chris Larsen said Monday. Speaking at the Bank Innovation conference here, Larsen said Ripple had 90 banks in the pipeline, 30 in pilot, and 10 in Read More.
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Payments Dive
FEBRUARY 29, 2016
As new commerce endpoints continue to emerge, issuers must reconsider how to position their strategy and their brand in a digital world, writes Jordan McKee, senior analyst with the 451 Research Mobility team.
South State Correspondent
MARCH 3, 2016
Every bank has a goal or a set of goals but unfortunately some of these goals are not known. Worst yet, some of these goals are stated but are not their true goals. Getting clarity in what your bank is trying to accomplish is the first step to achieving superior performance. A majority of banks have set a goal on profitability but is that really the most effective goal?
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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
MARCH 2, 2016
We had a great debate at the Financial Services Club last night between digital money sage Dave Birch of Consult Hyperion, and all things bitcoin master Jon Matonis.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
MARCH 4, 2016
Mobile World Congress may be over, but the dust is still settling from the biggest mobile event of the year.
South State Correspondent
MARCH 1, 2016
When it comes to describing banking or banking products, the problem is that most bankers think like a banker. Just take a look at any bank’s website or marketing materials and you will see what we mean. If you do, you will find that most banks fail to describe their accounts and when they do, it is a list of attributes such as “Free checks” and “Online Statements.
Chris Skinner
MARCH 3, 2016
I find it interesting when you look at the Fintech start-up scene and the hotbed of interest now in the blockchain. There are 100s of companies attempting to do something in these areas, and it amuses me that my Beer and Bordeaux clash is even more notable in this emerging ecosystem.
Bank Innovation
MARCH 3, 2016
“Fail fast, fail cheap.” The words were spoken at Bank Innovation 2016 by Marley Gray, director of strategy for cloud and enterprise blockchain at Microsoft, but he was echoing a theme that reverberated throughout the entire conference. In other words, when JPMorgan’s Jamie Dimon said “Silicon Valley is coming,” he Read More.
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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
MARCH 4, 2016
Many Starbucks fans are angry about the changes and sharing their rage via Twitter, but loyalty platform experts agree that the move was smart for the coffee chain.
South State Correspondent
MARCH 2, 2016
We estimate that 90% of all banks in the country do not have a commercial loan pricing model that adjusts for credit risk, shape of the yield curve, acquisition costs, maintenance costs or relationship revenue. However, banks do not need to purchase a loan pricing model to eliminate the biggest mistake commonly committed today on commercial loan pricing.
Chris Skinner
MARCH 1, 2016
So as I travel around these global conferences, startup challenges and Fintech daze, I often get asked: what does it take to be a Fintech centre? This is because everyone wants to be one now that they’ve seen the buzz around the market.
Bank Innovation
MARCH 3, 2016
Android may soon have a rival — within Google’s own suite of apps. Android Pay has garnered an average of 1.5 million new registrations each month in the US, with over 2 million locations presently accepting tap and pay. Google is still resolute in expanding its service base to more Read More.
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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.
Payments Dive
MARCH 1, 2016
It's time for a look back at the most-read articles on Mobile Payments Today in February, and what we can learn from them.
South State Correspondent
FEBRUARY 29, 2016
Today is like a capitalist holiday. Not only did we get Warren Buffet’s seminal shareholder letter over the weekend, but given that it is Leap Day, we get an extra day of production that is not in most bank’s budget (if it is, that is some expert-level budgeting). To celebrate, we will save you extra time by breaking down the 7 main takeaways from Berkshire Hathaway annual letter written by the CEO of capitalism itself, Warren Buffet, that will add value to your bank.
Chris Skinner
FEBRUARY 29, 2016
Talking of start-ups, I’m often asked: how do you spot a successful start-up? Not sure why they ask me, as I haven’t started a start-up, but I guess it’s because I’m seeing 100s of start-ups out there.
Bank Innovation
MARCH 2, 2016
Many commentators would argue the humble credit card is one of the most important financial innovations of the past 60 years. The reason behind its yet-unrivaled success has much to do with an economic theory known as the two-sided market, whereby a powerful network effect attracts both buyers and Read More.
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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.
Payments Dive
MARCH 4, 2016
This tokenization technology provides TD customers with enhanced security by substituting sensitive account information with encrypted "tokens" during mobile payment transactions.
Celent Banking
MARCH 4, 2016
A few weeks ago, Zil blogged about the recent set of reports that he and I wrote on reimagining payments relationships between banks, retailers and Fintech. They were commissioned by ACI Worldwide, and the reports took a perspective of each party. Given the current focus on the topic in the industry, we highly encourage you to read them. But it’s worth just summarising our thinking in a few sentences.
PYMNTS
MARCH 2, 2016
We’ve said it before and we will say it again — when it comes to mobile payments, there’s no one-size-fits-all solution, any more than there is one-size-fits-all payment method. But what is clear is that the mobile solution that will ultimately garner the critical mass needed to ignite it will solve a problem for a consumer. Paying in a store hasn’t ever really been much of a problem – until EMV, anyway — so convincing consumers that it was better for them to pull out their phone and tap at some
Bank Innovation
MARCH 2, 2016
Biometrics continues its steady march into financial services. About 50 financial institutions around the world are beginning to implement biometric authentication at their contact centers. Among their online security innovations, The post Biometric.
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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.
Payments Dive
MARCH 1, 2016
Millennials and other digitally minded consumers are forcing FIs to rethink the way they do business. These consumers want to bank when and how it suits them, and they expect seamless integration between their FIs’ channels.
Payments Source
FEBRUARY 28, 2016
Five months after the U.S. EMV liability shift for counterfeit card fraud went into effect, most restaurants aren't processing chip cards, and that's not changing anytime soon, according to a top executive at Heartland Payment Systems.
PYMNTS
MARCH 2, 2016
Blockchain proponents say the disruptive technology is worth the onboarding process. Among one of the loudest of these blockchain champions is Ripple, a FinTech firm that has recently secured millions of dollars in investments and strategic partnerships aimed at promoting blockchain technology’s use for traditionally friction-rich areas, like cross-border payments and real-time payments.
Bank Innovation
MARCH 4, 2016
SEATTLE — The Silicon Valley model for its startups is well-known. Heck, there’s a Wikipedia for it. It centers on a simple principle: build a business that scales, no matter the initial profitability. And then scale it like mad. Or, in technical terms, build a business that has the potential Read More.
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