Chris Skinner

AUGUST 30, 2017

A short time ago, I hosted an interesting group for the Nordic Finance Innovation meetings. The meeting gathered several of the leading-edge Banking-as-a-Service (BaaS) companies that have launched in the last few years including Bud, Clearbank, Leveris, Saxo Bank and Solaris. Building on each others narrative it soon became clear … The post Lego bank is here, but it’s not built with Lego appeared first on Chris Skinner's blog.

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Meeting Innovation Groups Company 369

Bank Innovation

AUGUST 28, 2017

Payments processors Mastercard and Visa will both enable payments on Fitbit Iconic, the first full smartwatch to be released by the company this year in October, according to separate announcements by the respective companies. Fitbit Iconic users will be able to load eligible cards (either Visa or Mastercard supported cards, depending on customer preference) onto […].

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Payments Dive

AUGUST 28, 2017

Since the introduction of contactless cards in September 2007, it has gradually become the payment method of choice for many consumers in the U.K as society gradually moves away from cash.

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Payments Cards 281

PYMNTS

AUGUST 31, 2017

Blockchain, the technology that makes cryptocurrency like bitcoin possible, is moving into the auto and ridesharing markets. According to a news report in Reuters , EY, the consulting unit of Ernst & Young Global, announced Wednesday (Aug. 30) it is launching a blockchain system that will let companies and/or individuals share vehicle ownership more easily.

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blockchain Industry Bitcoin cryptocurrency 200

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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

Lending

Chris Skinner

SEPTEMBER 1, 2017

Before 2010, I was writing a lot about technology but it was all heavily geared towards regulations. It was pretty dull, to be honest, but worthy. MiFID and PSD were top of mind, along with Basel III and other global, European and domestic regulations. I wrote a lot about regulations. … The post Slow regulations versus fast tech appeared first on Chris Skinner's blog.

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Regulation Technology Digital Banking Innovation 343

Payments Dive

AUGUST 29, 2017

Church's Chicken offers up a unique feature in its mobile app: a curated music playlist.

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Mobile 284

PYMNTS

AUGUST 29, 2017

In supply chain management, globalization, geopolitical forces and increased demand for greater transparency have organizations looking at cutting-edge technology to boost performance and cut risk. Analysts have been discussing some of these technologies for some time. Blockchain, for example, is now a common topic in conversations surrounding supply chain innovation.

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blockchain Management Trends Technology 189

Chris Skinner

AUGUST 31, 2017

I just had a whirlwind visit to Indonesia to support DBS in the rollout of their digibank service there. It was a very short visit, but a packed evening of presentations and discussions. Part of the time was spent with Piyush Gupta, the CEO, who I’ve been watching for some … The post What makes DBS different? appeared first on Chris Skinner's blog.

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Bank Innovation

AUGUST 31, 2017

EXCLUSIVE – Add another fitness focused tech wearable to MasterCard’s list. Today, wearable maker, Garmin International announced a new smartwatch, Vivoactive 3, that will have a contactless payment feature for MasterCard users. Visa is supporting payments for he device as well. The Olathe, Kansas-based Garmin announced the new smartwatch today at the International Franchise Association’s […].

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Kansas Payments Apple Cards 317

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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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Payments Dive

AUGUST 31, 2017

Omnichannel engagement will play a huge part in the next ten years in how marketers reach both customers and prospects. As beacons, wearables, and IoT gain popularity, marketers will face greater challenges in understanding their end-to-end journeys and driving conversions.

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Marketing 170

Abrigo

SEPTEMBER 1, 2017

Retaining the “right” clients for your accounting firm and taking the time to develop loyal relationships with those clients should be a high priority, according to practice management consultant Charles Hylan. It is significantly more expensive to attract a new client to an accounting firm than to invest in client retention, he says. In addition, without cultivating relationships with the “right” client, accounting firms are apt to be replaced eventually by competitors – or perhaps even technol

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eBook How To Technology Tools 150

Chris Skinner

AUGUST 29, 2017

I grew up with America as the dream. However, in the past two decades, China has become the second world superpower, whether the Americans like it or not. This is not me having a love thing for China. It’s just a fact. The Americans don’t like it. Google China as … The post The superpower that is China appeared first on Chris Skinner's blog.

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America Google Innovation Fintech 281

Bank Innovation

SEPTEMBER 1, 2017

E-commerce payment service provider, Klarna is the highest funded fintech company in Europe, according to a new report released by CB Insights. The report, released earlier this week, lists the top highest funded fintech companies in Europe. The list is topped by Klarna, which received $598 million in funding from, among others, Visa and U.S. […].

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Fintech Payments Report Company 316

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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

US

PYMNTS

AUGUST 31, 2017

With the financial services space shifting from a competitive nature to a collaborative spirit between traditional banks and emerging FinTechs, one major stakeholder in the payments industry has quietly been an integral part of this co-op: the Federal Reserve. With initiatives like the Faster Payments Task Force and the Secure Payments Task Force, the Fed is pushing for innovation and progress in the nation’s payments infrastructure and market.

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Innovation How To Payments St. Louis 162

Bobsguide

SEPTEMBER 1, 2017

50 years ago, a new technology swept across banking, transforming the way that consumers interacted with their financial institutions and their money. The launch of the first ATM (or cash machine), in London by Barclays, heralded a new, consumer driven focus for retail banks, with customers deciding.

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Retail Innovation ATM Technology 166

Chris Skinner

AUGUST 27, 2017

This week’s main blog headlines are … Is Amazon About to Burst Banks? I get press releases all the time and generally ignore them. In fact, I don’t know why they email me, as I never post them on the blog. Uh-oh. I just got one that I’m posting on … The post The Finanser’s Week: 21st August – 27th August 2017 appeared first on Chris Skinner's blog.

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Maine 171

Bank Innovation

AUGUST 29, 2017

Android users will soon be able to make P2P payments via any mobile app or mobile browser, thanks to the new P2P keyboard rolled out by OCBC Bank. The Singapore-based bank reportedly launched the keyboard app yesterday, and puts a “OCBC Pay Anyone” icon within apps including Facebook, Whatsapp, and Instagram for payments. Users can […].

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Video Payments Mobile Report 315

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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

Lending

PYMNTS

AUGUST 29, 2017

Regulators in China are gearing up to issue new rules on digital coin offerings and could move to ban them until the new rules are put in place. According to a news report in Business Insider , citing the Beijing-based financial magazine Caixin , Chinese regulators including the People’s Bank of China and the China Securities Regulatory Commission are currently looking at how best to approach initial coin offerings (ICOs).

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Regulation Bitcoin Security Capital 161

Payments Source

AUGUST 27, 2017

Financial institutions need to take notice of this phenomenon and ramp up their payments infrastructure to support these developments, writes Chet Kamat, senior vice president of Oracle Financial Services.

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Payments Conference Mobile 139

Bobsguide

AUGUST 29, 2017

bobsguide sat down with Adrian Carr, Senior Vice President, Worldwide Sales at MarkLogic Corporation to discuss the most presing issues financial services are experiecing with their data storage solutions. What is the major issue financial services are experiencing with their data storage.

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Bank Innovation

AUGUST 30, 2017

PayPal launches its first cash-back credit card called PayPal Cashback MasterCard in the U.S. exclusively for PayPal members in a effort to increase usage in online and physical stores. The card will be issued by Stamford-based Synchrony Bank, which has partnered with PayPal since 2004. The card offers 2% cash back on all purchases, with […].

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Cards Online Apple Mobile 313

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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

Lending

PYMNTS

AUGUST 30, 2017

Although it’s no secret that social media platforms such as Snapchat , Facebook and Instagram have a strong affect on fashion trends, it may be surprising to see just how robust that impact actually is. With more 400 million daily users across the globe, Instagram is becoming a strong driver of fashion purchases, according to a new report from Dana Rebecca Designs.

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social media Report Study Trends 155

Let's Talk Payments

AUGUST 28, 2017

Africa – the market of unexplored opportunities Although Africa is considered to be the largest unserved market that has dropped out of sight of the global financial system, there are.

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Company Fintech System Marketing 111

Bobsguide

AUGUST 30, 2017

The European Union’s new data protection regulation, the GDPR, gives EU citizens ultimate control over their personal data. But when did we lose control? And why? In the first of a two-article series Ben Gould, Managing Director, EMEA & APAC, Opus Global, outlines the aims of GDPR.

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Regulation Data Management 117

Bank Innovation

AUGUST 31, 2017

EXCLUSIVE — Leading “fin-data” SMB lender Credibly will now be servicing the portfolio of competitor lender BizFi, adding BizFi’s $250 million portfolio and 5,200 merchants to its platform. Along with the BizFi decision, Credibly also announced today that it has hit $500 million in originations to tens of thousand of SMBs, a milestone for the […].

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Advertiser: Data Robot

The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.

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