Sat.Nov 16, 2019 - Fri.Nov 22, 2019

Relationships are hard, so how do Fin and Tech get on?

Chris Skinner

I just spent a few days in bars and restaurants in a place where everyone lives underground. It’s called Toronto. A place so cold that even Olaf from Frozen has migrated South. Anyways, sitting in a bar, I was privileged to hear this exchange between Fin and Tech.

The Essential Guide to Agile

Mobile Payments Today

The speed & adaptability of Agile development is no longer a competitive advantage. Per the 12th Annual State of Agile Report, 97% of companies practice Agile on some level. In spite of this positive trend, running an effective Agile development process remains very rare.

Trends 169

US Faster Payments Council Expands With ACI Worldwide

PYMNTS

Membership in the U.S. Faster Payments Council (FPC) is growing with the addition of ACI Worldwide, as the electronic payments and banking solution provider announced this week. The company is joining the FPC to support U.S.

US 207

Stock trading app Invstr adds mobile classes to attract more clients

Bank Innovation

Stock trading app Invstr is rolling out a series of educational tools to make investing accessible to a wider audience. The mobile-based training program is called Invstr Academy, which launched last week.

Google, Facebook, Amazon and Co are NOT offering banking, so stop saying they are

Chris Skinner

In the last month, there’s been a wave of announcements from Facebook, Apple, Google and Amazon about banking.

Google 249

Meeting the growing demand for mobile debit, ATM funds access

Mobile Payments Today

As consumers shift to online banking, the ATM also has been impacted by the quest to go digital. Kamesh Tumsi, VP of product strategy at Fiserv card services, gives us the scoop on the digitizing of ATM transactions

Citi Launches Cross-Border Accounts Receivable Platform

PYMNTS

Citi is streamlining the cross-border collections process for its corporate treasury clients, the financial institution said Wednesday (Nov.

More Trending

The future of money according to the Swiss (shhh, it’s not bitcoin)

Chris Skinner

I just saw an interesting report produced and released by SIX Group that talks about the future of money.

Balancing payment innovation and trust

Mobile Payments Today

The rise of digital payments has led to a series of complex issues surrounding how to make those transactions more secure.

FEMA Looks At Blockchain To Aid Disaster Payouts

PYMNTS

The United States Federal Emergency Management Agency (FEMA) has revealed that it might look into using blockchain technology to streamline disaster insurance payouts, as well as speed up its response to disasters.

Stock trading app Invstr adds mobile classes to attract more clients

Bank Innovation

Stock trading app Invstr is rolling out a series of educational tools to make investing accessible to a wider audience. The mobile-based training program is called Invstr Academy, which launched last week.

What would you rather talk about: sex, religion, politics or money?

Chris Skinner

My blog often seems to return to the subject of sex, whether it be sexism or basic sex. It is for the reason that money and rumpy-pumpy are the twin engines powering everything we do, as Jeremy Clarkson so succinctly put it.

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How video technology and AI are changing the way we bank

Mobile Payments Today

With technology, one plus one is often greater than two. AI and video technologies complement one another perfectly, and combining them can deliver tremendous value to any financial institution

Video 165

NEW DATA: Two-Thirds Of SMBs Say Immediate Payments Can Improve Their Cash Flow

PYMNTS

suppliers face a $3.1 trillion accounts receivable (AR) problem. That is how much their buyers collectively owe them on any given day. Waiting to receive $3.1

Survey 192

Stash doles out 5 million ‘Stock-Back’ rewards

Bank Innovation

As cash back rewards become expected offerings among banks and financial platform companies, Stash is offering customers fractional shares of stocks as purchase rewards when they use the Stash debit card.

Regulators: damned if they do and damned if they don’t

Chris Skinner

I was running a fun panel on regulation this week. That kind of sounds like a lie – whatever can be fun about regulation – but hey, it was. I often reflect on the fact that regulators run with their eyes in the rear-view mirror.

PayPal to acquire digital shopping and rewards platform Honey for $4B in cash

Mobile Payments Today

PayPal agreed to buy the online shopping and rewards platform in a bid to extend its services to help drive more personalized traffic towards its thousands of retail partners. Honey has helped consumers save more than $1 billion through targeted discounts and incentives

Online 161

Even Steel Bars Can’t Keep Internet Scams In Check

PYMNTS

Internet scammers, by nature, are a resourceful lot.

4 Traits of a Strong Credit Analyst

Abrigo

Key Takeaways Credit analysts who are proficient in routine skills but also possess certain soft skills are most beneficial to a bank or credit union. Curiosity to dig behind the numbers and perspective are two traits of a strong credit analyst.

Things worth reading: 20th November 2019

Chris Skinner

Things we’re reading today include … Could Metro Bank go bust?

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How retailers can fine tune the click-and-collect experience for shoppers

Mobile Payments Today

While much has been written about brick-and-mortar retailers’ continuing fight for market share with online competitors, data on continually evolving consumer preferences also demonstrates a desire by many to combine both shopping experiences. Enter: click and collect

Retail 161

Why, In The eCommerce Era, Catalogs Are Cool Again

PYMNTS

While Sears Roebuck gets all the credit for inventing the mail order catalog business in the United States, in historical terms they were actually a bit late to the game.

Thai bank targets $1 billion spinoff among Its fintech units

Bank Innovation

Siam Commercial Bank Pcl plans to spin off some of its fintech divisions as it tries to monetize its push into technology investment at a time of sluggish earnings from traditional lending.

The Finanser’s Week: 11th November – 17th November 2019

Chris Skinner

The main blog headlines are … Can you recognise a fraudster when you meet one? I’ve pointed out many times that it’s easy to scam people online and defraud them.

Maine 212

Frost and Sullivan honored FSS with the India Best Practices Award, 2019.

Mobile Payments Today

Recently Frost and Sullivan honored FSS with the India Best Practices Award, 2019

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The Need for a FinCEN Database

Abrigo

Key Takeaways FATF best practices identify the most common challenges that countries face in ensuring that the beneficial owner(s) is identified. FATF suggests using a multi-pronged approach to ensure beneficial ownership is obtained.

Weekly Wrap: Real-time payments expand, as big tech adds financial offerings

Bank Innovation

Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, November 22, 2019.

Video 130

Things worth reading: 22nd November 2019

Chris Skinner

Things we’re reading today include … Australia’s Westpac hit by Goldman downgrade over money-laundering scandal What is Westpac accused of, and how is this related to child exploitation? explainer Investors pour near $400m into African fintech What next for Europe’s banking union?

4 Challenges with Digital Payments and How to Address Them

Mobile Payments Today

To help you along your digital payments journey, here are four key challenges that you are sure to face, and the necessary steps to take when overcoming them

How To 151

In 2020, Improve Your BSA/AML Program by Focusing on These 4 Areas

Abrigo

Key Takeaways Now is a good time to plan 2020 BSA/AML training and efforts to educate clients and colleagues about BSA and fraud red flags. It's also a good time to enhance your institution's BSA/AML risk assessment. Sustainability of your institution's BSA program deserves particular focus in 2020.

Fundera partners with UPS subsidiary to attract small business clients

Bank Innovation

Fundera, a New York-based small business lending marketplace, is partnering with UPS to offer loans to UPS clients.

Things worth reading: 19th November 2019

Chris Skinner

Things we’re reading today include … How To Succeed As A Challenger Bank Ant Financial May Join Race for Singapore Virtual Bank Licenses ‘Why economists get things wrong’ Sexist and biased?

How To 181

Your Key to Combating Bias in AI

Mobile Payments Today

There is a lot to gain from AI, but it’s incredibly difficult to achieve AI maturity. It requires immense amounts of data and continual training of the algorithm. While you can manage this on your own, there are many issues that commonly arise during the process

Marijuana Legislation Could Be Scheduled for a Congressional Vote to Decriminalize the Drug

Abrigo

Key Takeaways The goal of the SAFE Banking Act is to provide a safe harbor for institutions looking to bank credible CRBs. The MORE Act and the STATES Act are currently proposed to legalize/decriminalize marijuana. The MORE Act will be voted on in Congress in November. .

CFPB, Federal Reserve Board: AI bias can’t be ignored

Bank Innovation

Following a recent backlash resulting from allegedly discriminatory underwriting methods for the Apple Card, lenders’ moves are facing scrutiny from regulators.

Things worth reading: 18th November 2019

Chris Skinner

Things we’re reading today include … Google wants to launch bank accounts.

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Consumers Globally Welcome Secure Commerce at the Pump Opportunities I Pay-at-the-pump I Fuel I Mobile Payments I Survey

Mobile Payments Today

The US, UK and Australian markets are at different stages of the pay-at-the-pump roll out.

Survey 137