Sat.Oct 06, 2018 - Fri.Oct 12, 2018

Bitcoin Miners Fail To Make A Profit Despite Surge In Revenue

PYMNTS

Bitcoin miners have around $4.7 billion in revenue in 2018 — but because of the cost of electricity, miners are failing to make a profit.

From sandbox to sandcastle

Chris Skinner

Another lively discussion followed my meeting with the FinTech communities in Asia. It was interesting as we had a chat about all aspects of what was happening in South-East Asia, and the overwhelming message that came back to me was that the regulatory sandboxes had become sandcastles.

Restaurant and retail executives share their insights about mobile trends

Mobile Payments Today

Restaurant and retail executives that gathered in Chicago this past summer for the Networld Media Group's annual CONNECT: The Mobile CX Summit shared their thoughts with us about the hottest trends in mobile technology in this exclusive video

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How banks use bank-as-a-platform to modernize apps with cloud

Insights on Business

In today’s banking landscape, there’s a growing trend by clients to move their applications to the cloud, including their core banking applications. This movement — core to cloud — is essential for banks seeking to modernize their legacy systems and become agile and flexible.

Hackers Steal Alipay Customers’ Money Via Stolen Apple IDs

PYMNTS

Alipay , the mobile payment app, said Wednesday (October 10) that hackers stole money from accounts via stolen Apple IDs. Reuters , citing Ant Financial , the payment affiliate of Alibaba, reported the Chinese company said the issue hasn’t been resolved even though it reached out to Apple already.

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Why P2P lending works in some markets and not in others

Chris Skinner

Someone asked me about getting return on investment in fintech. The discussion is about how many firms are actually delivering on their promise. So many unicorns are loss-making firms, and billion-dollar valuations on million-dollar revenues seems like a lot of hype.

Mobile Payments Today: September's top 5 reads

Mobile Payments Today

It's time for a look back at last month's most-read content on the site

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More Trending

Pundi X CEO On Dialing Up Digital Payments, Calling Up Blockchain Phones In Dubai

PYMNTS

A small test market could be ground zero for seismic changes in commerce and payments — and now possibly for cryptos. Consider Dubai, a city in the United Arab Emirates (UAE), home to 3 million souls. That’s a third of Manhattan’s population, if one is keeping score.

Are challenger banks challenging?

Chris Skinner

I keep seeing headlines about Amazon opening a bank, challenger banks pulling the crown off the incumbent banks heads, the end of old banks, the disruption of the system and the end of all traditional financial services.

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Money — and cloud transformation — never sleeps

Insights on Business

A leading financial services institution knew its cloud transformation execution wasn’t hitting on all cylinders. The CIO had made modest gains in cloud adoption, using virtual machines in the data center and some off-premise cloud platform services for customer engagement.

Banks Should Cash In On Cybersecurity

Bank Innovation

Banks have been at the forefront of cybersecurity for years, investing heavily to protect some of their clients’ most valuable and sensitive information.

Key Areas Of SMB Finance Show Need For Improvement

PYMNTS

Getting the Infrastructure Right for Financial Inclusion

Chris Skinner

I was recently asked to write an essay for the Center for Financial Inclusion, as part of a series looking at the ingredients to get this right. They gave me the topic of getting the infrastructure right.

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How prepared are you for the next big thing in payments? Voice!

Insights on Business

Traditional banks are being reinvented. They’re aiming to be wherever their customers are and offer seamless contextual experiences. Unsurprisingly, transaction and payment services are one of the biggest disruption areas in banking.

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Banking and Tech Sectors Earn Low Marks in Cybersecurity Assessment

Bank Innovation

The banking and finance sector earned the second lowest score in the first Assessment of Business Cybersecurity report released Thursday by the U.S. Chamber of Commerce and FICO, with only the media, telecommunications and technology sector performing worse.

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Mastercard Blockchain Patent Would Support Multiple Currencies

PYMNTS

Mastercard has been awarded a patent for a proposed blockchain system that would support multiple types of currency. According to Coindesk , the patent describes how a firm may need to store different types of transaction data on the same platform, which is difficult to do on a single blockchain.

Do we really believe financial markets would continue smoothly with a no-deal #Brexit?

Chris Skinner

There’s more and more dialogue about a no-deal Brexit these days, even though Jean-Claude Junker and Michel Barnier are clearly trying to avoid it as they have said a deal is now 85% agreed. It’s just not the Chequers deal.

IBM Sales Performance Management Summit: Putting SPM to work

Insights on Business

As market conditions and business requirements are constantly changing, IBM Sales Performance Management (SPM) continues to lead the industry with adaptive, scalable tools that are designed to drive efficient, agile solutions for your enterprise sales teams.

How Bank of America Will Improve Erica, Its Virtual Assistant

Bank Innovation

Bank of America is proud of its virtual assistant, Erica, which has 3.5 million users and 11 million transactions within three months of its launch, Michelle Moore, head of digital banking at BofA, said at the BAI Beacon conference in Orlando yesterday. But Erica still has a long way go.

Furnishing The Mobile Lifestyle, Sharing Economy-Style

PYMNTS

Michael Barlow has called several places home: He has moved five times in seven years and lived with different roommates. But through his experiences, he didn’t have the furnishings that he wanted. “I

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Things worth reading: 10th October 2018

Chris Skinner

IBM OpenPages in the Leader’s quadrant of 2018 Gartner Magic Quadrant for Integrated Risk Management

Insights on Business

IBM OpenPages is again in the Leader’s quadrant of the new 2018 Gartner Magic Quadrant for Integrated Risk Management (IRM). This recognition is the latest in a landmark year for IBM OpenPages.

Standard Chartered and Huawei Roll Out Corporate Communication Tools for the IoT

Bank Innovation

Standard Chartered and telecommunications giant Huawei announced today they've jointly developed an internet of things (IoT) solution that could change how companies communicate with banks for financing or payments.

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Banco Santander Settles On Ripple For Settlement

PYMNTS

Much has been said in recent weeks about Ripple and its digital XRP token, where trading has been nothing but volatile. In just over a week, the price has slipped 20 percent.

Things worth reading: 9th October 2018

Chris Skinner

Things we’re reading today include … Banks face continued IT woes as legacy infrastructure holds them down Goldman Sachs bank Marcus attracts 50,000 savers in less than two weeks with best-buy rate Was There a Connection Between a Russian Bank and the Trump Campaign?

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State of Payments acceptance by Merchants in India

Mobile Payments Today

Enabling merchant acceptance of digital payments is a key element of the overall development of the DFS ecosystem

Busy Day for Circle As It Releases Trading App, Launches Research Arm

Bank Innovation

Payments company Circle launched a new mobile app today for its trading platform, Poloniex, which it acquired in February. Circle also launched a service for distributing information on cryptocurrencies called Circle Research today. Two weeks ago, Circle launched a stablecoin called USD Coin.

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Koble Reflects On What Trade Disputes Mean For B2B Matchmaking

PYMNTS

Understanding who one is doing business with is the first step to mitigating a myriad of risks, including non-compliance, non-payment, violated contracts and more.

The Finanser’s Week: 1st October – 7th October 2018

Chris Skinner

The main blog headlines are … If you think it’s evolution and not revolution, think again Another regular argument I’m having is whether digital is a revolution or evolution. I firmly believe it is revolutionary.

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Aadhaar – The Single identifier and a Powerful Enabler

Mobile Payments Today

An exponential growth in identity-dependent digital transactions requires financial institutions to safeguard customers' identity credentials. FSS Aadhaar Vault can help you create a trusted services environment

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Bitcoin’s Hard Times Will Continue into 2019, Juniper Report Says

Bank Innovation

If Bitcoin hasn't been in the news lately (Bank Innovation included), it's because things aren't going that well for the best-known cryptocurrency, or for that matter any of the altcoins. A new report from Juniper Research found that the value of annual Bitcoin transactions will decline in 2019. Gone are the days from last December when Bitcoin had […]. Cryptocurrency Daily Post 1 Exclusive Online Premium altcoin Bitcoin Blockchain cryptocurrency Facebook Gldman Sachs Google Juniper

Uber Eyes Grocery Delivery

PYMNTS

Ridesharing company Uber is considering getting back into the grocery delivery game. CEO Dara Khosrowshahi said that due to the company’s success in the delivery of food, which reached $6 billion in bookings earlier this year, it makes sense to take another look at the grocery market.

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Things worth reading: 8th October 2018

Chris Skinner

Infomedia Discuss Push For Standardisation At PSA Forum

Mobile Payments Today

Infomedia attended the Phone-paid Services Authority Autumn Forum with CEO, Michael Tomlins, forming part of the discussion panel focused on improving consumer confidence in the Direct Carrier Billing (DCB) payments industry

How 60+ Startups Are Disrupting Retail And Commercial Banking Around The World

CB Insights

Traditional banking products, including checking, credit, and savings accounts, are under threat from a new crop of digital-first startups. Many of these startups are launching products without a bank charter and targeting a very specific customer base.

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Facebook Faces Billions In Possible GDPR Fines

PYMNTS

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts.

Things worth reading: 12th October 2018

Chris Skinner

Things we’re reading today include … JPMorgan profit rises 24.5

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