Chris Skinner
FEBRUARY 28, 2017
I mentioned in my FinTech Wave that blockchain has entered the trough of disillusionment. It’s certainly a lot quieter space this year than last. In fact, when I say blockchain today, a lot of folks turn the other way. What’s going on? A lot of it is to do with the hype cycle, and the fact that too many players were making too much noise about the promise of this technology and none of it has been delivered.
Bank Innovation
MARCH 3, 2017
Last week, Amazon’s digital assistant, Alexa, hit the 10,000 skills milestone. The top 5 categories of skills, in descending order were: News, Gaming, Education/Reference, Lifestyle and Novelty/Humor. The Business & Finance category logged in only 190 skills as of this morning (less than 2% of the total). Most of those skills are for reference purposes, like […].
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Payments Dive
MARCH 3, 2017
Mobile payment technology is still in its relative infancy, but growing pains can be costly when it comes to new technologies seeking wider adoption.
PYMNTS
MARCH 1, 2017
The U.K. banking industry has seen a slew of new market entrants in the form of “challenger banks,” but one of the latest to enter into the industry is of another sort. It’s ClearBank, a new U.K. agency and clearing bank that provides banking-as-a-service for FinTechs and banks that need to connect into payment systems and core banking technologies.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Chris Skinner
MARCH 3, 2017
I recently blogged about the lack of obvious return on investment for immediate (also called faster, instant or real-time) payments, and mentioned that I would be launching research about this. Well that research survey is now live. It will only take you ten minutes, so please join in by clicking this link. Just to put this in context, there are some very good white papers out there on the subject.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
FEBRUARY 26, 2017
The card network said its new partnership with software company will focus on restaurants, hotels and retail stores.
PYMNTS
MARCH 1, 2017
Citi announced Tuesday (Feb. 28) the launch of an API to connect its clients operating in the treasury services industry to critical Citi services. According to a release , the bank’s Treasury and Trade Solutions (TTS) unit is rolling out the CitiConnect API to help treasury service providers link their own treasury and ERP solutions into Citi. The bank’s API enables treasurers to manage transaction banking activity straight from existing treasury platforms already in use within the enterprise.
Chris Skinner
FEBRUARY 27, 2017
As mentioned in the first part of these two pieces, we talk a lot about FinTech. We talk about it as though it is one thing when, in fact, it is many. There are nuances to this market that is over a decade old today, that need to be fleshed out in more detail as, just as with technology in general, some of this FinTech is in the hype cycle, some is in the chasm, and some is coming into the mainstream as accepted.
Bank Innovation
MARCH 1, 2017
Alon Zadka, senior innovation head for the Lloyds Banking Group, has left the bank to head for an industry at the “pre-disruption” stage. Prior to his role at Lloyds, Zadka served as a strategy consultant for OC&C Strategy Consultants, with a focus on the company’s UK and international clients. At Lloyds for four years, Zadka […].
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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
Celent Banking
MARCH 2, 2017
When it comes time to choose a business partner, banks will favor those who help them execute their third party risk management (TPRM) responsibilities over those who begrudgingly comply. The risk to a bank of doing business with a third party is real; the consequences of a risk event are not only disruptive, but often result in long-term reputational damage that can seriously affect the bottom lines of both the bank and the third party.
PYMNTS
MARCH 2, 2017
Startupbootcamp, the global accelerator network, announced Wednesday (March 1) that it is expanding to the Latin American market through the launch of a dedicated FinTech program in Mexico. According to the company , it already has FinTech programs in London, Amsterdam, New York, Singapore and Mumbai and aims to accelerate Latin American startups by providing them with funding and an avenue to grow via mentoring, providing access to corporate partners and clients and taking advantage of Mexico
Chris Skinner
MARCH 2, 2017
It made me laugh today. I was chairing a panel where Romana Kumar, Head of Global Transaction Banking for the National Bank of Abu Dhabi (NBAD), was discussing their trial of Ripple. The background to this was announced in a press release on 1st February 2017: Ripple’s Distributed Financial Technology fits within NBAD’s existing infrastructure and offers a secure end-to-end payment flow providing transaction immutability and payment integrity.
Bank Innovation
MARCH 2, 2017
Users still aren’t exactly flocking to mobile wallets, and that’s probably because merchants aren’t that thrilled about them either. According to a study conducted by Forrester Research together with JPMorgan Chase, only about 40% of consumers are likely to sign up and use digital wallet services. This consumer sentiment is often attributed to merchant readiness—or lack […].
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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 2, 2017
It's time for a look back at last month's most-read articles on Mobile Payments Today.
PYMNTS
MARCH 1, 2017
There are only a few things that most people can agree on these days, notes Mastercard. One of them is that too many people in the world are denied access to banking and financial services of any kind. The second? That this lack of financial inclusion excludes them from participating in most of the payments and commerce activities that most of those reading this take for granted.
Chris Skinner
MARCH 1, 2017
I was reflecting on a friend of mine who runs a FinTech start-up. Their company was on a funding round, and struggling. They struggled so much that they ended up having to lay off a load of staff, cut budgets and defer income. In fact, they reached the point where they would only survive another week or two if the funding round didn’t drop. Then it did.
Bank Innovation
MARCH 2, 2017
Bitcoin: $1,252.91. Gold: $1,239.20. Guys. That’s right: currently, bitcoin is worth more than an ounce of gold (but you should probably keep buying gold). Gold, upon which we pretty much based our entire system of financial exchange. The only other time this has happened since bitcoin’s creation by anonymous cryptocurrency legend Satoshi Nakamoto—who may or may […].
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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
FEBRUARY 26, 2017
The Everywhere Initiative, which Visa first launched in 2015, lands in Europe for the first time at Mobile World Congress.
PYMNTS
MARCH 3, 2017
Software-as-a-service saw a boom back around 2015, and the X-as-a-Service space hasn’t looked back. This week we see startups from the software-, banking- and data-as-a-service ranks landing new funding for their B2B solutions. Across the U.S., the U.K. and Canada, these startups raised a collective $76 million, with a secretive U.K. banking-as-a-service company emerging at the top of this week’s B2B Venture Capital roundup.
Chris Skinner
FEBRUARY 26, 2017
A summary of the main blogs of the week … The FinTech Wave, Part One (part two next week) I wrote a blog the other day for The Next Web. I thought it was ok, and it has gained a lot of traction socially. Apparently, people like it and here I’m going to expand upon the basic theme to give a detailed analysis of how … Most thinking about poverty is wrong There are basic human needs: food, drink, sleep … wifi.
Bank Innovation
MARCH 1, 2017
Here’s a riddle: Does more mobile banking make consumers like their financial institution? The answer, alas, appears to be no. That according to a new survey released today by Fiserv, the financial technology company. The study, which polled around 3,000 consumers, found that millennials lead in frequency of mobile banking use by a significant margin: over […].
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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.
Bobsguide
FEBRUARY 27, 2017
Pedro Alexandre Salgueiro - Business Development Director, CRITICAL Software. Right now, the banking sector is rife with talk about ‘APIs’, ‘PSD2’ and ‘fintech’ companies. It’s clear that something’s going on, so what is everyone talking about?
PYMNTS
FEBRUARY 27, 2017
Vivier & Company, a boutique financial services company, has announced the launch of its new online banking system, which follows the completion of a cloud-based service for financial institutions implemented by IndiaT4T. Founded in 2001 and licensed in New Zealand, Vivier focuses on high-interest savings accounts that avoid the risk of market volatility.
Chris Skinner
MARCH 1, 2017
Things we’re reading today include … ‘Long shadow’ of financial crisis hits incomes American Express escalates high-fee card competition Overdraft charges are elephant in the room, say MPs SEC freezes accounts in SoftBank-Fortress inquiry Fed officials jolt market with talk of pending rate hike Bank deputy Charlotte Hogg ‘must avoid conflicts of interest’ Hedge fund giant Man Group stumbles to loss in choppy markets FCA proposals designed to level IPO playin
Bank Innovation
MARCH 2, 2017
Pilots and proof-of-concept projects of the distributed ledger technology have been on the rise among the most established financial institutions lately. Blockchain-based money transfers may not leave the test labs any time soon, and the near-term applications of DLT will most likely begin quietly in bank backends. An example of this is the vast number […].
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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.
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