Sat.Jun 30, 2018 - Fri.Jul 06, 2018

Using IoT Tech To Drive Grocery Sales


Shoe sellers can dust off a pair of unsold sneakers and keep them on the shelf until they sell, but businesses like grocery stores don’t have that luxury. Instead, they must keep a tight focus on moving goods out the doors — especially items with an expiration date.

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Chatbots to Save Banks $11 Billion in Costs by 2023

Bank Innovation

Bank of America has Erica, Capital One has Eno, Bank of Montreal has Bolt. Safe to say that most major banks are at least exploring the possibility of a virtual assistant, if they don’t already have one.

The battles for the future of fintech

Chris Skinner

Whilst in New Zealand, I had an interview with the country’s most respected business paper: National Business Review. The subsequent article is behind a paywall but, as they sent it across to me, I feel it’s worth sharing here. The battles for the future of fintech The future of financial … The post The battles for the future of fintech appeared first on Chris Skinner's blog. Chris Skinner Digital Bank Fintech Future Grid Opinion Payments

A defining moment of exponential impact: Building trust with banking, Cloud and AI

Insights on Business

Data, data, everywhere, but how in fact to THINK. If you’re the ancient mariner of Samuel Coleridge’s epic poem, then you know this rhyme another way, but if you’re in the banking and finance industry, then the words make total sense. As IBM CEO Ginni Rometty mentioned in her 2018 CEBIT keynote address , it is a moment of “exponential impact.” Yes, the value of networks is equal to the square of the nodes that gave rise to platform companies and big data.

Mid-Year 2018: Payments Execs Map Out What’s Next


The world is getting faster these days. Change happens at the speed of, well, if not light, then sound. The information deluge is constant. Commerce is constant. Payments and financial services? Always on, too, and always in demand. There’s no such thing as “bankers’ hours” anymore.

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3 Bank-Backed Challenger Banks to Watch

Bank Innovation

PREMIUM - It's not just startups that need watching -- neobanks are springing up across the globe, and a particular breed is becoming more common -- those backed by traditional banks. These banks are usually digital-only, but some may have physical branches.

Open Banking – a complete failure?

Chris Skinner

I found an interesting article about Open Banking the other day (via FinTech Insider News). Its title is: Open Banking in the UK; a disaster in the making? no wonder it intrigued me. However, I clicked the article open and the first paragraph read: When the CMA Order went live … The post Open Banking – a complete failure? appeared first on Chris Skinner's blog. Digital Bank Fintech Grid Opinion Payments

More Trending

TRENDING: Can mPOS Solutions Win Over Cash-Centric Industries?


Players in the mobile point-of-sale (mPOS) space are focusing on catering to payment needs of small- to medium-sized businesses (SMBs).

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How Digital Transformation Can Lead to Greater Revenues for FIs

Bank Innovation

There is a correlation between an FI’s revenues and its digital strategy. A new report from advisory firm EY suggests that the more mature an FI’s digital strategy is, the more revenues it is likely to generate.

This year’s FinTech50: will London keep its FinTech Crown?

Chris Skinner

I often relate the story that the first FinTech firm I ever met was Zopa. Zopa launched in April 2005 and presented at the Financial Services Club on March 30 that year. They talked about an eBay for Money and connecting savers and borrowers. No one got what they were … The post This year’s FinTech50: will London keep its FinTech Crown? appeared first on Chris Skinner's blog. Fintech Grid Numbers

[LIVE WEBINAR] The State of eCommerce Fraud Prevention

Mobile Payments Today

Reserve your spot to participate in a live discussion with fraud prevention experts about survey results and benchmarks for different industries

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Cybersecurity Stocks Still Benefit From Equifax Scandal


Following the massive data breach at Equifax last year, the cybersecurity sector has flourished – and so have some of the investments that track the industry. The ETFMG Prime Cyber Security ETF, for example, has risen 18 percent this year, CNBC reported. The exchange-traded fund, which was founded in 2014, notched staggering returns of 31 percent following the Equifax data breach in 2017, twice that of the S&P 500 return during that same time period.

Laurel Road Scores Country Bank for Digital Lending

Bank Innovation

Laurel Road, a bank that is selling fintech products and services, has scored a sales win, securing Country Bank as a client. Laurel Bank Road is hitting on a trend: more small banks are considering digital methods for loan underwriting. Larger banks like Bank of America and SunTrust Banks Inc.

MPs battle over blockchain

Chris Skinner

Conservative MP Eddie Hughes has just written a 36-page white paper extolling the benefits of blockchain for Britain, which was published yesterday Unlocking Blockchain: Embracing new technologies to drive efficiency and empower the citizen, by FREER. FREER is a major new initiative from the Institute of Economic Affairs (IEA, a … The post MPs battle over blockchain appeared first on Chris Skinner's blog. Blockchain Grid Innovation

How AI can improve the customer experience

Mobile Payments Today

Artificial intelligence has emerged as one of the most powerful tools for improving the customer experience, but retailers must be willing to accept operational change once they embark on their AI journeys

TRENDING: Using IoT Tech To Sell 4th of July Goodies On The 5th


New efforts in the IoT space are aiming to help payment-enabled wearables and devices come to market faster, and assist grocery stores to leverage their existing sensors and other in-store tech for deeper customer insights and tightly targeted, in-the-moment marketing.

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Monzo Loses at Revenue But Wins in Security

Bank Innovation

PREMIUM - U.K. challenger bank Monzo has made headlines recently for massive losses that quadrupled year-over-year. Loses were recorded at £33.1 million ($43.6 million) in 2017, up from £7.9 million ($10.4 million) the previous year, according to the Financial Times.

10 big FinTech trends in New Zealand

Chris Skinner

I present a lot around the world, and I am always delighted and honoured when a conference asks me back for a second visit. It reaffirms that you were ok the first time around and so a second bite is delightful. One such moment occurred last week at The Point, … The post 10 big FinTech trends in New Zealand appeared first on Chris Skinner's blog. Grid Payments Technology

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Panera Bread captures ICX Influencer of the Year award

Mobile Payments Today

The annual Elevate Awards recognize and honor the individuals and organizations setting the pace in using technology to elevate the customer experience

The Value Of Network Tokens


When it comes to personally identifiable information (PII), the words of Gandalf are a good rule for individuals to live by: “Keep it secret. Keep it safe.” But caution will only do consumers so much good, unless the organizations to whom the PII is entrusted also keep it secret and safe.

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Canadian Cannabis POS Solutions Get Ready For a $4.3B Industry

Bank Innovation

PREMIUM - Cannabis businesses, even when they are legal, have difficulty securing bank accounts, and therefore often deal in cash. But as regulators across the world consider legalizing this market, it may be time for banks to take note of this new customer.

The Finanser’s Week: 25th June 2018 – 1st July 2018

Chris Skinner

The main blog headlines are … When the bank knows you’ve been hacked (before everyone else) You may have seen that Ticketmaster just announced that thousands of customers worldwide may have been affected by a hack. If you didn’t here’s the low-down (via ABC News) The company said its British … The post The Finanser’s Week: 25th June 2018 – 1st July 2018 appeared first on Chris Skinner's blog. Blog Index Grid Reading

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UPI gets Bigger, Better

Mobile Payments Today

UPI has progressed rapidly to become India’s universally popular interface for payments

NEW DATA: Why Australians Haven’t Given Up On Cash


In the 26 years of continued economic growth in Australia , cash has continued to play an imperative role. In 2016 alone, Australian consumers and businesses spent some $143 billion in cold, hard cash.

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The Relevance Gap

Bank Innovation

Let’s talk about relevance. It’s a word that is cropping up again and again, and for good reason: personally relevant communications provide a better service experience for customers. But there is a problem, and it cannot be ignored.

Things worth reading: 3rd July 2018

Chris Skinner

Things we’re reading today include … PwC ordered to pay $625m over Colonial Bank collapse Barclays moving up to 50 investment bankers to Frankfurt ahead of Brexit UK shadow banking sector worth at least £2.2 trillion UK banks could face new multibillion-pound claims after PPI ruling HSBC aims for growth … The post Things worth reading: 3rd July 2018 appeared first on Chris Skinner's blog. Reading


FSD Kenya Insights on Youth and Agri Finance


FSD Kenya, which aims to create value through financial inclusion, have just released their 2017 Annual Report which contains findings from ongoing research projects around Kenya.

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Facebook Gets Serious About Blockchain With Exec Reshuffle


After setting up a group within Facebook to look into blockchain technology, Facebook may be bolstering its efforts in the field: Evan Cheng has taken on the position of director of engineering, blockchain, at the company, according to reports and his LinkedIn profile. Before taking the latest position, Cheng led programming languages and runtimes at the tech firm. And, prior to arriving at Facebook, Cheng worked at Apple for 10 years.

Lessons from Distributed Ledger Technology and the Future of Banking

Bank Innovation

It’s no secret distributed ledger technologies (DLT) have been front-of-mind for financial institutions examining solutions to existing problems in institutional and retail banking.

Things worth reading: 6th July 2018

Chris Skinner

Things we’re reading today include … England World Cup win would score ‘unadulterated’ economic boost, Bank of England governor says Cloud Euro bank regulator: Don’t follow the crowd. Stay off the cloud A new era in bank regulation will allow the City to focus on the future This Swedish Bank … The post Things worth reading: 6th July 2018 appeared first on Chris Skinner's blog. Reading

11 other established markets that are facing Blockchain disruption

Daily Fintech

Blockchain changes everything. We have covered 10 markets in depth in earlier chapters. In this section we look at 11 more in a less detail. That makes 21 markets that together are worthy of the tag “everything”; they pretty much account for global GDP.

Investing In The Future As It Unfolds


Here is a quick survey of the world of payments, commerce, financial services and financial technology at the mid-point of 2018. Everyone is trying to get on board with what’s next, but, of course, there is no single, easy answer for anyone.

The Periodic Table of Tech In Canada

CB Insights

In honor of Canada Day this weekend, we used CB Insights’ database to compile 150 notable tech companies, most active venture capital and corporate investors, and top exits of Canada’s private company tech scene into a periodic table.

Things worth reading: 5th July 2018

Chris Skinner

Things we’re reading today include … Lloyds agrees to give MPs report into what it knew about HBOS Reading fraud Top bankers accused of avoiding responsibility for stopping money laundering City of London struggles to unite on post-Brexit regulation Exclusive: China presses Europe for anti-U.S. alliance on trade US-China trade … The post Things worth reading: 5th July 2018 appeared first on Chris Skinner's blog. Reading

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Can you beat the credit scoring engines through your digital behaviour?

Daily Fintech

Credit scores are predictive indicators of credit worthiness of a consumer or a business looking for credit. Historically credit bureaus such as Experian, Equifax etc., have had proprietory credit models to predict behaviour of customers and their probability of default.

Finding The Worth In The Personal Touch


The digital age desperately wants to help consumers answer an important, age-old question: What should I wear today? The “hows” of solving that question have become increasingly high-tech in recent years. At any number of websites, consumers can answer a questionnaire that covers their relevant measurements and sartorial preferences to create a profile. From there, the magic of machine learning takes over.

Can blockchain enable payments and data security? Alastair Johnson, Nuggets says yes

The Paypers

(The Paypers) The Paypers interviews Nuggets’ Alastair Johnson to find out more about the company, its ecommerce initiatives and how blockchain enables payments and data security