Sat.Dec 14, 2019 - Fri.Dec 20, 2019

Why is Open Banking so scary?

Chris Skinner

The UK implemented Open Banking in January 2018 and now, almost two years later, you would think it’s doing really well. This is why the momentum is building.

Data 232

Four digital banking trends to watch in 2020

Mobile Payments Today

The growing phenomenon of direct, digital banking and Silicon Valley's entry into the payments business are posing a series of challenges to traditional banking institutions.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

OnDeck’s Noah Breslow on building a community business bank

Bank Innovation

Small business lending company OnDeck is expanding its ecosystem of products. Through its application for a bank charter, the company wants to become a full-service digital bank for small businesses it says are overlooked by traditional banks.

Holiday Sales on the Dark Web


Key Takeaways Holiday sales, including Black Friday and Cyber Monday, are aggressively promoted by criminal sellers on the Dark Web seeking to grow sales and customers.

Tools 179

Have Yourself a Merry FinTech Christmas

Chris Skinner

So it’s the holiday season and time for some time off. I’m back on January 6th 2020. The only thing I can say is … here’s to a fantastic 2020 … the year of Doing Digital. Stop what you are doing and read this book.

Next-gen ATM's, mobile banking and the future of cash access

Mobile Payments Today

Donna Embry is the SVP of global payment strategies at Evolve Bank & Trust, and she's involved with next-gen on multiple levels. ATM Marketplace spoke with her to learn more about why IADs, in particular, should be paying attention to the project

ATM 180

Truecaller Branches Out to Fintech Ahead of Potential IPO

Bank Innovation

Truecaller, one of the world’s largest caller-identification system, is trialing financial service products ahead of a possible stock-exchange listing.

More Trending

Big Government versus Big Tech

Chris Skinner

I write about a lot of things. Around three-quarters is focused on finance and technology, but the rest meanders around life, taxes, government, the economy, global trade, regulatory matters and more.

Taxes 197

Podcast: New technologies for increasing debit card revenue

Mobile Payments Today

Despite the plethora of payment choices we have today, many of us are still using our debit cards. Carol Specogna, Fiserv's VP of card services, gives an overview of the market and talks about new technologies that FIs can leverage to boost their debit card revenue

Fed Governor Brainard highlights Facebook Libra’s risks

Bank Innovation

As large tech and payments companies bail on Facebook’s Libra digital currency project, Federal Reserve Governor Lael Brainard Wednesday highlighted key risks that have yet to be mitigated, including the safety and security of consumer money flowing through Libra’s transaction rails. Will Change Sales Tactics At EU’s Request

PYMNTS has agreed to change the way it sells on its site, including ending time limits for offers and claiming that a room is the last one available, according to a report by Reuters. The European Commission said would end its “manipulative techniques.”

Things worth reading: 17th December 2019

Chris Skinner

Things we’re reading today include … $5 billion flee Hong Kong funds amid unrest Australian regulator investigates Westpac directors, executives after scandal Banks have learnt their lesson on risk management Will the UK really turn into ‘Singapore-on-Thames’ after Brexit?

New Year’s Resolutions to Grow Your Financial Institution in 2020


Key Takeaways To book loans more quickly, institutions must create efficiencies and increase loan turnaround. Institutions must be proactive in effectively pricing loans. Looking to mergers and acquisitions, institutions can expand into new areas of business or geographic markets.

FDIC 130

Fintech lenders tighten standards, become more like banks

Bank Innovation

Lara Briehl had a desperate client who was itching to accept an offer. The man was struggling to pay his bills, and an online lender had offered him a personal loan to pay off some 10 credit cards. Accepting, he thought, would help him escape crushing debt.

Mastercard On Overcoming AI’s Bias Problem


Savor this moment — these coming weeks, the next few months, the year or two that will follow. These are the last moments before artificial intelligence (AI) really starts to have a massive impact on one’s daily life, before the world really turns to AI.

Things worth reading: 18th December 2019

Chris Skinner

Fraud 190

What SEC Filers Have Learned About CECL Implementation


Key Takeaways An SEC filer with a 2020 CECL deadline recommends starting ASAP on implementation -- even if your deadline is 2023. Assess data before selecting your methodology or methodologies. Be willing to change as needed. .

Risk reduction, API connectivity to gather steam in 2020, say DTCC executives

Bank Innovation

While industry players have noted the emergence of fintech “ecosystems” to lock in customer relationships, others point to embedded “experiences” based on data.

What’s Next For Payments In The Next Decade: The Seven 2020 Trendlines


Making predictions is simply irresistible at this time of the year – this year in particular. Sixteen days from today will mark not only the end of a year, but the end of a decade.

Google 207

Things worth reading: 16th December 2019

Chris Skinner

Should Your Bank Pursue A Single Mobile App or Multiple App Strategy?

Banker to Banker

MOBILE BANKING STRATEGY In your strategic planning, one decision that needs to come up as you grow towards $1B in total assets is if your bank will have one mobile banking app or multiple apps.

Core banking startup Neocova to serve challenged niche of small banks

Bank Innovation

The popular refrain in the industry is “innovate or die,” but community banks face added obstacles resulting from the costs and structural limitations of working with core tech providers.

Survey 151

PNC Blocks Venmo, Tells Users To Switch To Zelle


In financial services, access to data is, well, everything. Financial institutions, of course, use data to create new products and services to cement customer loyalty. FinTechs can use data to leapfrog FIs in their own arms race to develop new offerings and gain mind share and wallet share.

Things worth reading: 20th December 2019

Chris Skinner

Things we’re reading today include … Emerging market debt hit $55 trillion Goldman Sachs may admit guilt, pay $2 billion fine to settle U.S.

How To Use NPV for Loans and Get Our Free NPV Calculator

Banker to Banker

RELATIONSHIP PROFITABILITY We were recently working to close a commercial loan when the lender officer paused the closing. He did not want his bank to spend legal fees to clarify some tax-transfer issues (costs which the borrower also refused to cover). The legal bill would be between $2 and $3k.

Taxes 156

Vital Fed payment system experiences second delay of 2019

Bank Innovation

The Federal Reserve is investigating the second significant disruption in 2019 of a payments service administered by the U.S. central bank.

System 151

Payroll Startup Hourly Raises $7.15M In Seed Round


Hourly — a FinTech startup that helps with workers’ comp insurance, time-tracking and payroll for small businesses — has raised $7.15 million in a Seed funding round, according to a press release.

The Eleven Things That Stood Out In 2019

Chris Skinner

At the end of every year I list the top 10 blog posts from The Finanser, to show what’s been of most interest. Bearing in mind there are over 200 posts a year, these are the ones that really stand out.


The 2019 GonzoBanker Awards


GonzoBankers, 2019 was a year of extremes. On the one hand, uncertainties about the economy and growth opportunities were constant. There is an understanding that technology and fintech are going to cause radical change, but the how, how big and when are still very unclear.

Idaho 99

Yoga classes and podcast studios: Behind Virgin Money’s community strategy

Bank Innovation

Virgin Money is making a play for the mass affluent. The brand released a new current account for U.K. customers last week, the first product launched by the bank since it was acquired by CYBG in 2018.

Facebook Tracks In-Store Purchases To Create Targeted Ads


Facebook is using purchase data from retailers to gather information about what people buy in physical stores, Business Insider reported on Monday (Dec.

The Wild West of Crypto

Chris Skinner

I’ve written so much about the Wild West of Crypto that I’m kind of fed up with it but … here we go again. When bitcoin first appeared, I got into trouble. I kept saying that you cannot have money without government, and the libertarians called me a statist. Whatever.

Hyosung bets big on cash recycling with MX8000 series ATMs

ATM Marketplace

ATM manufacturer Hyosung America launched three new ATM recyclers, completing its MX8000 family and bringing the total number of ATMs in the series to nine

Denmark Caps Consumer Loan Rates After Some Charge 800%

Bank Innovation

Denmark moved to limit interest payments on consumer loans after annual rates charged by some companies climbed to as high as 800%. The government and a broad coalition of parties in the parliament agreed to impose a cap of 35%, Business Minister Simon Kollerup said in a statement.

Visa Warns Of Rise In Gas Station POS Cyberattacks


Visa has announced in a release that cybercriminals are employing new tactics to steal credit card information from around the U.S.

Groups 206

Things worth reading: 19th December 2019

Chris Skinner


Game Changing Startups 2020

CB Insights

The past few decades have seen unprecedented levels of innovation, especially in what Peter Thiel calls the world of “bits,” or software, internet, and mobile technology.