The Purpose-Driven Bank
Chris Skinner
SEPTEMBER 22, 2019
Building on my recent updates on sustainable finance and such like, it is interesting the word purpose consistently appears throughout the sub-text.
Chris Skinner
SEPTEMBER 22, 2019
Building on my recent updates on sustainable finance and such like, it is interesting the word purpose consistently appears throughout the sub-text.
Mobile Payments Today
SEPTEMBER 26, 2019
Marbue Brown, the head of customer experience at JPMorgan Chase, told attendees at the annual BCX summit that millions of people want a combination of the speed and sophistication of digital banking along with the human interaction and financial wellness provided by a physical bank branch
PYMNTS
SEPTEMBER 23, 2019
Western Union’s history as a retail cross border remittance platform is moving money between people, largely via cash, within minutes.
Bank Innovation
SEPTEMBER 26, 2019
Citi Ventures, Citbank’s corporate venture arm, is turning to startups that can solve pain points for incumbent banks and financial companies.
Chris Skinner
SEPTEMBER 26, 2019
I’ve been reflecting for a while on the shift of power from America to China, as those who read my musings will know. This is typified by the latest Netflix offering American Factory, backed by the Obamas.
Mobile Payments Today
SEPTEMBER 27, 2019
Banks have been in the transactional business for far too long, says Jeremy Balkin, head of Innovation at HSBC Bank USA. "We We are in the financial services business; service is an experience — and that's not easy for banks to wrap their heads around
PYMNTS
SEPTEMBER 25, 2019
The U.S. House of Representatives passed H.R. 1595, known as the Secure And Fair Enforcement (SAFE) Banking Act, on Wednesday (Sept.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Chris Skinner
SEPTEMBER 23, 2019
During my writing about a purpose-driven bank, I tried to find good examples of what purpose-driven actually means. Googling the question the number one result is from the Plato Project, who outline eight great purpose-driven organisations.
Mobile Payments Today
SEPTEMBER 25, 2019
Bank, Sampath Bank Sri Lanka and First Commonwealth Federal Credit Union won honors during an awards dinner this week at the seventh annual Bank Customer Experience Summit at the Loews Chicago Hotel
PYMNTS
SEPTEMBER 21, 2019
It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. Stronger passwords. Paying closer attention to suspicious emails. Using public wi-fi with caution and safeguarding mobile apps.
Bank Innovation
SEPTEMBER 27, 2019
JPMorgan Chase this week announced a $25 million commitment to tech tools that help underserved consumers.
Chris Skinner
SEPTEMBER 24, 2019
I’m going to write the last of my blogs at this point on being purpose-driven to reference something that irks me a lot. Exclusivity. We have exclusivity a lot in life. The idea is that it creates ambition, hope, focus, hunger, direction and reward.
Mobile Payments Today
SEPTEMBER 24, 2019
Uber is a major force in the tech industry. Despite consistently operating in the red, the company commands more than 70% of the U.S. rideshare market and reached an $82 billion valuation at the time of their initial public offering earlier this year
PYMNTS
SEPTEMBER 24, 2019
Financial providers worldwide are working to give small and medium-sized businesses (SMBs) quick access to their funds. Digital banks , for one, are teaming up with technology providers to accelerate settlement times for payments collected at the point-of-sale (POS).
Bank Innovation
SEPTEMBER 23, 2019
LONDON — IBM now has more than 60 startups in its Catalogue offerings that allow for modular inclusion of additional software products.
Chris Skinner
SEPTEMBER 25, 2019
It’s a weird world. I know lots of grumpy old men like me lament that, when we were growing up, we were left outside to run about as we felt, find our own way to and from school, were encouraged to read more and exercise, and such like.
Insights on Business
SEPTEMBER 27, 2019
Today we are inundated with alerts, breaking news, celebrity scandals and what their neighbor had for lunch. The feeds are not limited to one medium; your computer, your television, your phone, your tablet and now even the watch you wear on your wrist.
PYMNTS
SEPTEMBER 24, 2019
Silicon Valley credit card startup Brex has begun a points transfer partnership for its rewards program with JetBlue Airways , Brex announced in a press release on Tuesday (Sept. The partnership allows customers to use Brex rewards points on JetBlue’s TrueBlue loyalty program.
Bank Innovation
SEPTEMBER 26, 2019
LONDON — Finastra has designs to double the number of APIs it offers to 120. Bank Innovation believes this will be the greatest number of APIs offered by one financial technology company.
Mobile Payments Today
SEPTEMBER 25, 2019
Bank, Sampath Bank Sri Lanka and First Commonwealth Federal Credit Union won honors during an awards dinner this week at the seventh annual Bank Customer Experience Summit at the Loews Chicago Hotel
PYMNTS
SEPTEMBER 23, 2019
Two Apple iOS 13 users took to Reddit to share some payment security issues they faced when using the tech giant’s newest iteration of its operating system, according to reports. Apple has already announced it will release iOS 13.1 on Tuesday (Sept.
Bank Innovation
SEPTEMBER 25, 2019
Armed with new numbers, HSBC is touting the success of its Pepper robot deployments at select branch locations.
Chris Skinner
SEPTEMBER 22, 2019
The main blog headlines are … The two big issues bank CEOs have with FinTech For all the talk about how well FinTech start-ups are doing, I hear two regular laments from bank CEOs. First, why aren’t we valued like FinTechs? and second, why aren’t FinTechs regulated like us.
Insights on Business
SEPTEMBER 26, 2019
In my May 2019 blog, “Has GRC Reached Its Tipping Point? Observations From The Front Lines” , I described a set of common patterns that are driving business initiatives in Governance, Risk & Compliance.
PYMNTS
SEPTEMBER 27, 2019
This week, along with Amazon’s announcement about new Echo devices and Alexa’s celebrity voices, came news of Amazon Sidewalk , a new wireless protocol that uses low bandwidth to extend the distance at which IoT devices can be controlled and requires less power than Wi-Fi.
Bank Innovation
SEPTEMBER 24, 2019
To BBVA USA, the future is about enabling fintech startups rather than competing with them. It’s been almost a year since the U.S. arm of the Spanish multinational bank rolled out its Open Platform, a banking-as-a-service platform through which it offers four main APIs for startup clients.
Banker to Banker
SEPTEMBER 23, 2019
If you want a more innovative bank, it starts, and largely stops, with what your approval process looks like for new technology. Take a human and force them to grow up in New York City. Around age 20, you force them to go to conferences on living in the outdoors, hunting, fishing, and survival.
PYMNTS
SEPTEMBER 22, 2019
Data from the Pew Research Center shows that 52 percent of American adults live in “ middle class ” households, with the median income at $78,442 in 2016.
Bank Innovation
SEPTEMBER 25, 2019
By setting aside random amounts of money users don’t immediately need, personal finance app Digit has saved its customers more than $1 billion since its launch in February 2015. The San Francisco-based company was one of the early movers in digital money management.
Banker to Banker
SEPTEMBER 23, 2019
INADVERTENT CREDIT RISK Too many banks in the last financial crises fundamentally misunderstood or did not pay attention to structural subordination risk. We feel that this pattern is partially repeating at some banks today.
PYMNTS
SEPTEMBER 27, 2019
As WeWork looks to reduce its costs and refocus, the co-working company’s two new co-CEOs reportedly committed in a message to workers to “strengthen our core business” following the ouster of Chief Executive Officer Adam Neumann.
Bank Innovation
SEPTEMBER 23, 2019
Wells Fargo has entered into a data-sharing agreement with aggregator Plaid in an effort to safeguard customer data and, consequently, enhance customer control over their account information.
Ron Shevelin
SEPTEMBER 23, 2019
The changes in how we work are creating needs and opportunities across a wide range of products and services, not just financial services. But banks are watching this opportunity slip through their fingers
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