Sat.May 02, 2020 - Fri.May 08, 2020

Build, Buy or Transform the Bank?

Chris Skinner

I was recently watching an online poll that asked the best way for a traditional bank to compete with the new digital banks. Should they build a new bank, buy a digital bank competitor, or transform the old bank?

Online 425

Virtual Tellers And Workhorse ATMs: Banking’s New (Digital-First) Normal


The prospect of restarting the economy of bringing all manner of everyday life in the U.S. back to some semblance of “normal” has challenges — and opportunities for banks, especially community banks and credit unions.

ATM 284

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How to Set Up For PPP Forgiveness

Banker to Banker

As you wind down and clean up Round 2 of the Paycheck Protection Program (PPP) and before you produce your 1502 report to the SBA, it now merits thinking about how to best set up for the wave of forgiveness work that starts immediately after funding.

How To 291

Battling fraud amid COVID-19

Mobile Payments Today

COVID-19 has let to millions of consumers transitioning to online e-commerce purchases as retail stores have been forced to close or shift to delivery and pickup.

Fraud 312

ABCs of Data Normalization for B2B Marketers

Data normalization. It’s not a far stretch to suggest that the topic isn’t exactly what gets marketers excited in their day-to-day workflow. However, if lead generation, reporting, and measuring ROI is important to your marketing team, then data normalization matters - a lot. In this eBook, we’ll break down the ins and outs of data normalization and review why it’s so critical for your marketing strategies and goals!

Revolut: over-hyped and immature? Yes and no …

Chris Skinner

Last October I wrote a piece on Revolut, questioning its valuation which, at that time, was estimated to be anything up to $10 billion: They claim to have 8M customers. Let’s assume *all* of them are active.

More Trending

A Grim April Employment Report


This morning’s Employment Situation Report from the Bureau of Labor Statistics for the month of April was, not surprisingly, grim. The headline unemployment rate (U3) moved to 14.7%, up from 4.4% the month before. The broader measure of labor underutilization (U6) moved to 22.8%, up from 8.7%

Report 195

Link reports UK cash use down but withdrawal amounts increase

Mobile Payments Today

Cash use in the UK is down, but LINK, UK's largest ATM cash machine network, reports ATM users have increased the amount of money they're withdrawing

ATM 263

Wirecard versus The Financial Times: a FinTech poster child on trial

Chris Skinner

I’ve tracked Wirecard for some years, as they were the bank partner that allowed Ollie Purdue to drop out of university at 21 years old to launch a bank called Loot. Wirecard basically offer the platform of many other firms to offer full banking services across Europe.

Temenos partners with Microsoft on cybersecurity software 

Bank Innovation

The Swiss banking technology company Temenos is teaming up with Microsoft to help banks implement crime-fighting software for financial institutions. Through the partnership, banks can trial the software for 14 days through the end of June before changing their cybersecurity systems.

The 2019 Technographic Data Report for B2B Sales Organizations

In this report, ZoomInfo substantiates the assertion that technographic data is a vital resource for sales teams. In fact, the majority of respondents agree—with 72.3% reporting that technographic data is either somewhat important or very important to their organization. The reason for this is simple—sales teams value technographic data because it makes essential selling activities easier and more efficient.

Top Reasons to Promptly Upgrade Your AML Software


Key Takeaways You should always update your software to the latest version as soon as it's available. The update may contain important updates to do regulatory changes that will keep you compliant.

Advances in Digital Banking

Mobile Payments Today

The world of banking continues to change and evolve

Little Bó peeps … creeps … and sleeps … why big banks fail at digital banks

Chris Skinner

In the latest example of a bank that couldn’t hack the digital bank market, RBS gave up on Bó last week. It surprised me as the bank only launched last November, to a fanfare of £100 million investment and the acquisition of the start-up they had been co-funding, Loot.

PayPal Processed More Transactions On May 1 Than On Black Friday


“It was the best of the times, it was the worst of times,” wrote Charles Dickens in one of the more famous openings to a novel in history.

The Time-Saving Power of Intent Data for Sales

By using the power of intent data, capturing buyer interest has become more feasible for sales. Not only that, but using it will save immense time during your workflow; a win-win on all fronts.

Will Stash stay on Craig`s list as a market leader?

Daily Fintech

Efi Pylarinou is the founder of Efi Pylarinou Advisory and a Fintech/Blockchain influencer – No.3 influencer in the finance sector by Refinitiv Global Social Media 2019. The closing of the Motif and the $112million funding of Stash , have sparked interesting conversations.

How auto finance can weather COVID-19


It’s becoming clear that COVID-19 will have long-term impacts on our lives and the economy. Most auto finance companies are working to address immediate challenges: protecting employees and serving customers.

Things worth reading: 8th May 2020

Chris Skinner

Things we’re reading today include … Investors row back on ethical principles, research shows A perky stockmarket v a glum economy Credit-rating agencies are back under the spotlight Emerging markets launch QE, too Coronavirus bailouts: Which country has the most generous deal?

Why Unified Commerce Is Critical For Merchants — And Catnip For Fraudsters


The shift to digital commerce is more urgent than ever — and so are some of the potential pitfalls as fraudsters recalibrate their attacks and eye card-not-present transactions as a new way to make off with ill-gotten gains.

How ZoomInfo Enhances Your Database Management Strategy

Forward-thinking marketing organizations have continuously invested in a database strategy for enabling marketing processes. Download this ebook to learn how to maintain a strategy that includes refreshed information, database cleanses, and an accurate analysis at the same time.

How Citi and Flywire sped payments to get PPE from China to Boston

Payments Source

The shortage of personal protective equipment (PPE) for medical workers is one of the most troublesome elements of the coronavirus outbreak, though prior work to declutter cross-border supply chain payments provides some hope.

Boston 137

Why NOW Is A Unique Opportunity In the Annals of Banking

Banker to Banker

In these challenging times, both bankers and bank customers are stressed and exhausted. Typical schedules are disrupted, work environments are upended, and business models are challenged.

US 195

Where was the digital backup to our physical structure?

Chris Skinner

The coronavirus crisis has hit everyone sudden and hard. We originally thought it was a Chinese crisis and now it’s a global one. It’s shut down economies worldwide and the banking system has been asked to step in fast and address the crisis.

System 271

NEW DATA: States Push To Reopen – Will Consumer Demand Follow?


It has been almost two months since the World Health Organization (WHO) first declared the coronavirus a pandemic on March 11, and it has since taken an unprecedented toll on consumers’ wellbeing and livelihoods.

Data 267

How ZoomInfo Enhances Your ABM Strategy

For marketing teams to develop a successful account-based marketing strategy, they need to ensure good data is housed within its Customer Relationship Management (CRM) software. More specifically, updated data can help organizations outline key accounts for their campaigns. And to begin the targeting process, marketing teams must develop an Ideal Customer Profile (ICP) with appropriate firmographic and behavioral data to ensure they’re going after the correct audience.Download this eBook to learn how to start improving your marketing team's data!

Waiting for Godot… Bitcoin’s halving

Daily Fintech

Waiting for Godot is a critically-acclaimed play written in 1948 by Irish writer Samuel Beckett. In the play. the two main characters, Vladimir and Estragon, wait for the arrival of someone named Godot.

COVID-19 Motivates Vendor Consolidation

Strategically Speaking

As COVID-19 emerged in the US, financial institutions soon realized their response would be unchartered – every employee, every accountholder, every branch, and every community would be impacted.

Things worth reading: 5th May 2020

Chris Skinner

Visa Leads Latest Funding For FinTech Startup Nium 


FinTech payments startup Nium , based in Singapore, is getting a new round of funding led by new investors Visa and BRI Ventures. Nium, formerly known as InstaReM, has closed four funding rounds totaling $59 million since it was founded in 2014. The size of this latest round was not disclosed.

Data-Driven Marketing 101

This eBook highlights how data-driven strategies empower marketing campaigns through personalization tactics.