Sat.Jan 04, 2020 - Fri.Jan 10, 2020

Welcome to 2020: What’s new?

Chris Skinner

Welcome to 2020. It’s a new day. It’s a new year. It’s a new decade. And yes, I’m feeling good. This is a year all of us futurists have looked forward to for over two decades as, back in 2000, it became popular to talk about a 2020 vision. … The post Welcome to 2020: What’s new?

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Financial app Qapital hacks the psychology of spending

Bank Innovation

At first glance, New York-based Qapital, a digital banking, investing and budgeting platform, might look like a challenger bank. But CEO and co-founder George Friedman says Qapital’s offerings are more than just a collection of financial products. To Qapital, which launched in the U.S.

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Top BSA/AML Blog Posts: Cannabis, SARs Topped the List in 2019

Abrigo

Key Takeaways The most popular BSA/AML and fraud blog posts in 2019 related to staying on top of regulatory changes. BSA and compliance officers wanted to read about SARs, risks tied to cannabis-related businesses, and preparing for CAMS exams. Regulatory change in focus.

Maintaining a competitive advantage in the banking space

Mobile Payments Today

Bátiz-Lazo, departmental chair in Business History and bank management at Bangor University, in Wales, discussed the importance of creating a competitive advantage

To 2020 … and beyond

Chris Skinner

Looking beyond 2020, there has been a rise of quite a number of folks looking to the longer-term future. Here’s the key ones I’ve picked up on so far. First is Royal Bank of Canada with their Imagine 2025 series. Quite an investment and lots of interviews and insights.

AI-supported asset manager Pagaya crosses $1.2b in AUM

Bank Innovation

Pagaya, a fintech firm which uses artificial intelligence to manage institutional money, has topped $1.2 billion in assets under management, on the heels of the close of $200 million in asset-backed securities in December.

Big Brands Are Cutting Ties With Amazon

PYMNTS

IKEA has announced it is cutting ties with Amazon, a move that other brands like Nike, Birkenstock and PopSockets have also done recently. However, according to a report by CNBC , the move could backfire, as Amazon completely dominates the online shopping market, with 38 percent under its control.

More Trending

2020: a decade in technology

Chris Skinner

As a regular BA traveller, I’m always pleased to pick up their magazine Business Life as it often has some interesting articles. This year, the magazine has a great write up of forecasts for things that will happen in the 2020s by Tim Hulse.

Thailand strives to catch up to Asian markets on digital banking

Bank Innovation

Thailand is laying the foundations for standalone digital banks as it strives to catch up with other Asian markets that are allowing such changes, according to its central bank governor. “At

Your Bank Probably Has Loan Size and Risk Wrong

Banker to Banker

MANAGING CREDIT RISK If you are like most banks you have your credit approval and risk process based around loan size. The assumption is that the larger the loan the more risk the bank is taking on so a greater level of risk review is needed. But, suppose the data didn’t bear that assumption out?

Big tech, the fintech challenge and the rise of the super app

Mobile Payments Today

As Big Tech encroaches upon banking, some of the leading app developers in the ride sharing and food delivery space are carving out a niche for themselves in financial services. The challenge posed by these companies could have profound implications for the future of payments

Things worth reading: 9th January 2020

Chris Skinner

Two more groups submit Singapore digital banking license bids

Bank Innovation

Two more consortiums said they submitted bids for digital banking licenses in Singapore as companies, ranging from a massage chair maker to a property giant and Chinese fintech firms, joined forces to go for the sought-after permits.

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Tesla Invites Hackers To Find Flaws For Prizes At Competition

PYMNTS

To challenge hackers to find flaws in its vehicles, Tesla , the electric automaker, is returning to the Pwn2Own hacking competition run by Trend Micro ’s Zero Day Initiative (ZDI), electrek reported. Some Model 3 vehicles and approximately $1 million are said to be for the taking.

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Canada's Instacoin bitcoin ATMs now offer a slew of stablecoins

Mobile Payments Today

Instacoin now supports seven stablecoins — including the controversial tether — throughout its bitcoin ATM network. At its two-way machines, users can buy and sell up to nearly C$10,000 ($7,600) worth of tether a day, no ID required

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Things worth reading: 10th January 2020

Chris Skinner

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Majority is building a financial toolkit for new immigrants to the US

Bank Innovation

Digital banking brand Majority, which is aimed at reaching immigrants who lack credit history, is on pace to launch across the U.S. this year. Majority is a membership-based digital banking service that costs $5 per month.

Amex Cleared To Operate In China

PYMNTS

The central bank in China said it has accepted an American Express application to start working in the country, according to a report by Reuters. The news was released in a social media post by the official People’s Bank of China (PBOC) account on Wednesday (Jan.

Fine-Tuning ALM Strategies for 2020

Abrigo

Key Takeaways If you don't feel like your modeling results are relevant, then it might be time to ask different questions. Shift your ALM model from a static to a dynamic approach to find more value in your results. Strapped for time to implement these strategies?

The regulator’s focus for 2020

Chris Skinner

I was going to write stuff about this but The Financial Stability Board did it for me. Here’s where the regulator will focus in 2020: The Financial Stability Board (FSB) published its work programme for 2020.

Amex moves closer to entering China’s $27 trillion market

Bank Innovation

American Express Co. cleared a key hurdle in its bid to accessing China’s $27 trillion payments market after the central bank accepted its application to start a bank card clearing business.

Israeli Tech Startups Closed $8.3B Investment Deals In 2019

PYMNTS

Israel’s technology sector had a banner year in 2019, raising $8.3 billion in 522 deals, a 30 percent growth over 2018, ZAG law firm announced Tuesday (Jan.

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Artificial Intelligence in BSA

Abrigo

Key Takeaways The most popular BSA/AML and fraud blog posts in 2019 related to staying on top of regulatory changes. BSA and compliance officers wanted to read about SARs, risks tied to cannabis-related businesses, and preparing for CAMS exams. Artificial Intelligence in BSA/AML.

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Things worth reading: 8th January 2020

Chris Skinner

Things we’re reading today include … Barclays £322m Qatar deal ‘could be seen as way to hide payments’ Ignoring climate risk costs more than tackling it Former Goldman banker pleads guilty to insider trading Bitcoin: Should cryptocurrency owners make a will?

Citi struck a deal to offer hedge fund-like investments to the masses

Bank Innovation

Citigroup Inc. is teaming up with an online platform to make credit investments normally reserved for hedge funds and billionaires available in small slices to legions of individual investors. A partnership announced by the bank and YieldStreet Inc.

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Mall Vacancy Rate Reaches 20-Year High Of 9.7 Pct.

PYMNTS

shopping malls have reached the pinnacle of struggle, with empty shops hitting a 20-year high, the Financial Times (FT) reported on Tuesday (Jan. By the end of 2019, there were more vacant stores than at any time during the past two recessions, according to Reis Moody’s Analytics.

5 Trends Bankers Need To Know From The Fed’s New Payment Study

Banker to Banker

RETHINKING PAYMENTS Last month, the Federal Reserve released its 7 th , tri-annual U.S. payments study, and, as usual, it had some eye-opening trends that all banks need to consider for their long-term strategic planning.

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Things worth reading: 7th January 2020

Chris Skinner

Things we’re reading today include … The rise of the invisible bank Singapore Digital Bank Licenses Draw 21 Applications Few Bank Failures Could Be a Warning Sign for U.S. Financial System Digital Banking Have You Befuddled?

For 2020, Jack Henry is betting on human-digital delivery for banking

Bank Innovation

Jack Henry, the banking technology provider that specializes in community and regional banks, is expecting banks to increase their human-digital approaches in 2020.

Retail’s 2020 Digital-First Payments Roadmap

PYMNTS

Consumers have always influenced how payment methods evolve – stretching back centuries to the barter system, and extending, now, into the digital age. And as payments are done in bits and bytes, across all manner of use cases, consumers prize convenience and personalization.

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Sceptics: Big numbers, tough crowd

Accenture

Accenture’s ground-breaking 2019 Global Financial Services Consumer Study has seen four mindsets emerge from the data: Pioneers, Sceptics, Traditionalists and Pragmatists. In this series of blog posts, we’ll look at each type in the Australian context.¹

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2020 technologies – the year of SD-WAN, PIE and 5G

Chris Skinner

Start of a New Year and there are websites everywhere making predictions on everything from elections to economies. I used to write my own predictions but honestly cannot be bothered anymore when you have 1,000 other people doing it. Instead, I’ve hand-picked some of my favourite predictions made out there … The post 2020 technologies – the year of SD-WAN, PIE and 5G appeared first on Chris Skinner's blog. Future Grid

Weekly Wrap: CIT targets homeowners associations, as Qapital connects emotions with money

Bank Innovation

Welcome to the latest episode of our Weekly Wrap video series, for the week ending Friday, January 10, 2019.

Google Assistant Previews Upcoming Voice AI Feature

PYMNTS

Google Assistant is aiming to help users in even more ways thanks to new features the company debuted at CES 2020 throughout this past week.

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Tragegy or strategy? The relevance of the past for competitive advantage

ATM Marketplace

Bátiz-Lazo, departmental chair in Business History and bank management at Bangor University, in Wales, discussed the importance of creating a competitive advantage

Maximising the value in enterprise cloud adoption

Accenture

With cloud technologies promising shorter time to market, more agile delivery and lower total cost of ownership (TCO), most banks are well underway with their journey to the cloud. As a result, most have some part of their technology estate in the cloud already and are working actively to expand this footprint further still. The post Maximising the value in enterprise cloud adoption appeared first on Accenture Banking Blog.

Banking Automation Summit registration opens with fresh agenda

Bank Innovation

Bank Innovation is proud to announce a brand-new event — 2020 Banking Automation Summit — designed to provide industry professionals with the necessary platform to share insights, trends, strategies and practices to automate back-office functions.

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