Sat.Feb 01, 2020 - Fri.Feb 07, 2020

When a Community Bank Expands Beyond Its Community

ABA Community Banking

Have you heard about the community bank that’s been chugging along for over 150 years, took on “Community Bank” as its name—and “bank happy” as its motto? Meet Community Bank, N.A., based in DeWitt, New York.

Cryptocurrency religions: Will altcoins survive?

Daily Fintech

Bitcoin was the first and every other cryptocurrency came from it. Will Bitcoin survive? Will altcoins survive? This has been a heated debate with one side predicting the demise of the other.

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The 5 Hottest Technologies In Banking For 2020

Ron Shevelin

The truly “hot” technologies in banking are the ones that financial institutions invest in—which are not always the ones that the pundits are talking about

What does the decline in ATM withdrawals mean for cash?

ATM Marketplace

So, does the decline in the number of ATM withdrawals over the past few years portend a more rapid decline in the use of cash? Short answer — no

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Don’t Make This Bank Marketing Mistake (It's Common)

Banker to Banker

BANK MARKETING Since you probably spent time today discussing the Super Bowl ads (Smaht Pahk, Google, and Snickers were our favorites), we wanted to highlight an all-too-common mistake that many banks make.

How Patreon Overcame Its Subscription Struggles

PYMNTS

Careers in music, filmmaking or even YouTube video essays can be daunting and have few financial incentives, causing many young creatives to give up on their dreams so they can make ends meet.

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Enabling e-commerce and m-commerce in Latin America

Mobile Payments Today

The e-commerce market in Latin America presents enormous potential for retailers. Despite the possibilities, there are a number of unique challenges that retailers and payments companies need to be aware of before making such a commitment

Weekly Wrap: Challengers court immigrants, as Kasisto evolves ‘banking brain’

Bank Innovation

Welcome to the latest episode of our Weekly Wrap series, for the week ending Friday, Feb. 7, 2019.

MoneyGram, Brink’s And The (Possible) Cross-Pollination Of X-Border

PYMNTS

Cross-pollination in financial services — leveraging payments across digital and physical channels — is an emerging trend, especially when it comes to cross-border transactions, and especially with remittances.

And even if finance gets a #Brexit deal, equivalence is not the answer

Chris Skinner

Following yesterday’s discussion of Brexit and it’s implications on financial services, there’s a little more to be said on this.

Grubhub doubles participating restaurants but urges patience on industry turbulence

Mobile Payments Today

Grubhub Founder and CEO Matt Maloney and CFO Adam DeWitt penned a letter to shareholders as part of the food delivery firm's quarterly earnings report, touting the progress made by expanding from 150,000 to 300,000 participating restaurants

Buckets and Boosters: Ally automates saving

Bank Innovation

Ally Bank is taking a page from fintech startups by rolling out auto-save features to encourage better money habits among its customer base.

Home Buying Goes Digital And Comes With Cash Back

PYMNTS

Location, location, location: It’s the mantra of real estate. And in the digital age, the ideal location for, well, finding the ideal location has become an online platform. Zillow springs to mind, of course, along with others.

RegTech versus TechReg

Chris Skinner

I often talk about how banks have five times more regulation than technology firms.

Self-service retail and the changing landscape on payments

Mobile Payments Today

Self-service technology allows retailers to meet customer expectations established by the pioneering tech efforts of brand's, like Starbucks. These installations take diverse forms, a CES panel demonstrated

Majority launches digital banking products for immigrants

Bank Innovation

Majority, a digital banking platform aimed at immigrant communities, launched to U.S. consumers this week after a four-month beta test. To expand its reach, Majority is relying on two drivers: physical meetup spaces and brand ambassadors, since it has no branches. “If

SEC Proposal Would Allow Token Sales Under Current Securities Laws

PYMNTS

Hester Peirce, a financial regulator at the U.S. Securities and Exchange Commission (SEC), said that tech startups may be able to raise money using digital tokens under current law, but that there would be stipulations, according to a report by Reuters.

Cashless shopping is not going to happen anytime soon

Chris Skinner

I was taken in by an article on the BBC yesterday due to the headline: ‘I wasn’t allowed to buy my burrito with cash’ The article recounts the story of Nicholas Duggan, a construction worker, who tried to buy his lunch with cash, but the store refused and demanded payment … The post Cashless shopping is not going to happen anytime soon appeared first on Chris Skinner's blog. Future Grid Opinion Payments

Wachter helps retailers integrate customer engagement technology

Mobile Payments Today

Matt Tyler, director of IoT, Wachter, discusses how the network technology integrator identifies the turnkey solution that works to address the challenges retailers face in attracting new customers

Worldpay taps UK fintech Liberis to offer working capital to US businesses

Bank Innovation

based small business finance provider Liberis has teamed up with FIS-owned payments company Worldpay to offer cash advance products to small businesses in the U.S., the companies confirmed late last month.

Stripe Powers Digital, In-Store Payments For Lightspeed Retail, Restaurant Customers

PYMNTS

Canadian global point-of-sale (POS) and eCommerce firm Lightspeed is teaming up with Silicon Valley payments platform Stripe to advance in-store and online payments for retailers and restaurants in the U.S. and Canada, the companies announced on Thursday (Feb.

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Things worth reading: 6th February 2020

Chris Skinner

Things we’re reading today include … RBS’s digital bank Bo tells customers to shred their cards Starling hits 100,000 business customers as SME banking hots up UniCredit cuts further its stake in Turkey’s Yapi Kredi Barclays faces fresh investor revolt over fossil fuels What the City needs from an EU … The post Things worth reading: 6th February 2020 appeared first on Chris Skinner's blog. Reading

Elastic Path reveals how retailers can meet changing e-commerce demands

Mobile Payments Today

In an interview with Retail Customer Experience, Elastic Path Chief Strategy Officer Darin Archer details the importance of deploying flexible e-commerce systems

JPMorgan revamps digital strategy team after three leaders exit

Bank Innovation

JPMorgan Chase & Co. is staking its consumer-banking strategy on digital technology. In 2020, that push will be spearheaded by a new team of executives.

Google Quits Cookies As Data Privacy Regs Show Fangs

PYMNTS

Looks like the digital advertising and marketing sectors are in for a reckoning. How that will affect merchants’ online promotional activity hangs in the balance. That’s the scoop as 2020 opens, with privacy skirmishes turning to full-scale war on browser cookies.

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Things worth reading: 7th February 2020

Chris Skinner

Things we’re reading today include … AMP fined $5m for allowing financial advisers to rip off clients Overdrafts: A guide to your changing bank fees Exclusive: Goldman Sachs to raise $8 billion for new buyout fund – sources What the coronavirus means for financial markets ING hit by sharp rise … The post Things worth reading: 7th February 2020 appeared first on Chris Skinner's blog. Reading Uncategorized

Best Fintechs to Work For

American Banker

The companies on Arizent’s third annual list of Best Fintechs to Work For share an ability to create personal connections with employees, and offer top-tier benefits like generous sabbaticals, fully-paid insurance, and parental leave on day one.

Blend piloting digital mortgage closing tool

Bank Innovation

Blend, a startup that sells its loan application technology to banks, is allowing consumers to close mortgages online. The feature, called “Blend Close,” is currently in a pilot stage and integrates into Blend’s existing application technology.

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Blockchain-Powered B2B FinTech Roars Back With VCs

PYMNTS

It’s been several months, if not years, since blockchain was the darling of tech startup investors, but this week proved the technology still has a lot to offer venture capitalists.

Things worth reading: 5th February 2020

Chris Skinner

Things we’re reading today include … City banker suspended for ‘stealing food from canteen’ Jeffrey Epstein’s Mystery Bank Came Alive After His Death Is modern banking too complex for challenger banks?

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A Strong January Employment Report

Abrigo

This morning’s Employment Situation report from the Bureau of Labor Statistics showed decent strength in labor markets. In January, there were 225,000 new jobs added, significantly higher than the 161,000 jobs predicted.

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