Sat.Nov 17, 2018 - Fri.Nov 23, 2018

Is India’s ATM Disappearing Act A Digital Payments Boon?

PYMNTS

In India, get ready for new lines. News came this week that as many as half of the ATMs that dot the country’s landscape may be shuttered by March of 2019. The estimate is courtesy of the Confederation of ATM Industry (CATMi), which focuses on the domestic ATM industry.

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IBM Open Banking Platform launch: Key takeaways

Insights on Business

In today’s financial services industry, issues ranging from new regulations to unforeseen competitive pressures are placing ever-growing pressure on traditional banking institutions to move toward open banking models. To address this need, IBM introduced the IBM Open Banking Platform.

Cyber crime seen as major risk to mobile shopping during holiday season

Mobile Payments Today

As cyber attackers develop more sophisticated methods of attacking online sites, security experts and retailers are increasingly focused on protecting mobile shopping and payment platforms to ensure a safe holiday season

What banks can learn from British Airways

Chris Skinner

Something happened to me this week that made me think of big bank friends. It’s a different industry and one that, last month, I said we could learn from:the airlines. So, here’s a sobering, learning lesson.

Amazon Aims To Put Its Digital Wallet In Stores

PYMNTS

Amazon is preparing to enter the mobile payments market, reportedly working to get retailers to accept Amazon Pay as a payment method. The Wall Street Journal, citing people familiar with the matter, reported Amazon wants the service to be expanded beyond making payments online.

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Thinking Forward: Financial Services and the AI Revolution

Insights on Business

Artificial intelligence is changing the game. According to Stanford professor Andrew Ng , AI is the “new electricity,” already generating billions in value as it transforms industries such as IT, health care — and now financial services.

Black Friday mobile shoppers smash previous single-day record

Mobile Payments Today

Consumers relied on their smartphones to find the best deals on Black Friday

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More Trending

US Bans Chinese Facial Recognition Tech

PYMNTS

A Chinese company that develops facial recognition technology could be facing a ban in the U.S. According to the Financial Times , the facial recognition cameras are created by Hikvision , one of the world’s biggest CCTV companies, selling video surveillance throughout China and across the globe.

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Taking a proactive stance on conduct risk with real-time, AI-powered risk analytics

Insights on Business

Watch the video. In many cases, one of the most significant operational risks organizations face today doesn’t come from fraudsters or cybercriminals—it comes from their own employees.

Carrier billing in the Nordics: 2018 market report

Mobile Payments Today

This market report gives an overview of the mobile payments landscape in the Nordic countries: Sweden, Denmark, Finland and Norway

Report 127

Ten chairs: how to change the bank

Chris Skinner

I was in the middle of a conversation about how to change the bank, when we started talking about the boardroom issue.

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The Bitcoin Bust And Its Ripple Effects

PYMNTS

It has not been a great week for the price of bitcoin, or really any cryptocurrency for that matter. The price of bitcoin has fallen and stayed below $6,000 for the last four days and no one’s predicting a rally anytime soon.

SoftBank’s Collaborative Insurtech & Real Estate Tech Investment Strategy

CB Insights

SoftBank wants its portfolio companies to get along. . The Japanese conglomerate’s recent investments in insurtech and real estate tech point to a strategy of promoting c ollaboration among its portfolio companies. get the 44-page real estate tech report.

“Build It and They Will Come” – Security Tokens at the Gate

Daily Fintech

This post, the 4th in a series of 4, is written by Sheldon Freedman , a fintech and funds lawyer at Hassans in Gibraltar. Click here for last week’s post in this series. 2019 is widely anticipated by blockchain bulls to be the year of the security token.

OMG!!! Did you see #Alibaba’s Singles Day numbers???

Chris Skinner

The 11th of November. 11 November. 11/11. Not 9/11 or 5/11. 11/11. For Europeans and Americans, 11/11 means the end of the First World War.

NEW DATA: 14 Ways To Improve Mobile Checkout Conversion

PYMNTS

Smartphones are now more ubiquitous than laptops and desktops. As many as 86 percent of modern consumers own a smartphone, and 23 percent of them shop on their mobiles.

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Patent Analysis: Top US Banks Prioritize Payments

CB Insights

Bank of America, JPMorgan Chase, and Wells Fargo are the three largest banks in the US by assets, with businesses spanning investment services, consumer banking, and merchant services.

Bank of America Survey Shows Americans Believe a Cashless Society is Nearing

Bank Innovation

The U.S. is still far from a cashless society, but something important is nonetheless changing in this regard -- consumer perception. Digital payments have a long way to go in the U.S., mainly because checks, particularly in the business world, are still nearly ubiquitous.

The 1% will always get richer

Chris Skinner

Emmanuel Macron faced protesters across France during the weekend, in a country where he has been dubbed The President of the Rich. What interests me is that title. The President of the Rich. Are not all governments, the governments of the rich?

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Bitcoin Price Continues To Fall — How Low Can It Go?

PYMNTS

The bitcoin bust continued Monday (Nov. 19), with the price of the cryptocurrency falling to $4,905 by mid-afternoon, a decline of at least 12 percent. Over the past week, the price of bitcoin has declined some 20 percent — and at least 60 percent since January.

As Early-Stage Deals Fall In India, Unicorns Continue To Raise Mega-Rounds

CB Insights

India’s tech startups raised nearly $10B in funding in 2017 — a record amount. However, just $206M of that went to seed- and angel-stage deals, while over $6B in funding went to the country’s then-unicorns.

Amazon Pushes Further into Retail with Payments at the Point of Sale

Bank Innovation

Amazon is pushing retailers to accept yet another digital wallet at the point of sale -- its own Amazon Pay, which until now has been used almost entirely in the e-commerce world, according to a report in the Wall Street Journal.

Things worth reading: 23rd November 2018

Chris Skinner

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QR Payments Coming To Hong Kong Subways

PYMNTS

The subway system in Hong Kong will allow commuters to scan a QR code as a payment method after announcing a deal with Alibaba’s payment affiliate Ant Financial last week.

Is Selling In Your Credit Union Culture?

Credit Union Geek

“We’re a service organization, not a sales culture.” ” I’ve heard those words from a number of credit unions. Too bad they’re wrong. Put down the pitchforks and torches! Please, at least for a moment!

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Alex Carriles, Head of Online and Mobile Banking at BBVA Compass, to Speak at Bank Innovation Ignite

Bank Innovation

Alex Carriles, Head of Online Banking, BBVA Compass will speak at Bank Innovation Ignite in Seattle in March 2019 on the Natural Language Banking panel.

Things worth reading: 22nd November 2018

Chris Skinner

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In The Age Of Algorithms, Will Banks Ever Graduate To True AI?

PYMNTS

Algorithms are taking on more of the data and security work for financial institutions (FIs), with technologies such as data mining and business rules management systems (BRMS) finding popularity among banks and credit unions.

Report 243

Interview with Dmitrijus Apockinas, PayAlly, on challenges when capitalising on PSD2 opportunities

The Paypers

(The Paypers) Dmitrijus Apockinas , co-founder of PayAlly , presents the challenges companies face when trying to capitalise on PSD2 opportunities

Top 5 Emerging Fintech Hotspots in 2018 [Page 1]

Bank Innovation

The number of financial technology companies is on a rise, and every year many of these new companies as well as established ones choose to situate themselves in cities that are not San Francisco or New York.

The Finanser’s Week: 12th November – 18th November

Chris Skinner

The main blog headlines are … Will Ripple replace SWIFT? It’s a big week of FinTech in Asia with Money 2020 China and the Singapore FinTech Festival (SFF) all taking place in the same week.

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Walgreens, Humana Mull Partnership Expansion

PYMNTS

Drugstore owner Walgreens Boots Alliance is in preliminary discussions with health insurer Humana about possibly taking equity stakes in each other. The companies already have a partnership that serves seniors from two Walgreens locations.

11 Black Friday Fraud Tips from FICO

FICO

While people in the US, UK and other nations celebrate Black Friday bargains, it’s a good time to remind customers to watch out for Black Friday fraud.

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Capital One Keen on Coupons – acquires Wikibuy

Daily Fintech

Outside of airports, reward schemes and shopping discounts with credit card schemes are notoriously bad and difficult to use. Right now I could not tell you a single discount my Amex entitles me too – maybe Hertz or some obscure wine delivery company? Zero idea. But do I love a discount – heck yes!

One in three merchants are unaware of Visa Claims Resolution, study finds

The Paypers

(The Paypers) A survey conducted by The Chargeback Company has revealed that one in three of the merchants were unaware of VCR

TRENDING: Call Centers Push With Biometrics As Fraud Soars

PYMNTS

The rate of contact center fraud has skyrocketed recently, growing by 350 percent during the past four years. For call centers, dealing with this growing issue requires a multi-pronged approached, complete with defense to beat attacks coming from both outside and inside the company.

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What Does ‘Operational Efficiency’ and ‘Pragmatism’ Mean for Innovation?

Bank Innovation

Signs point to more difficult economic times ahead. The future is always uncertain, but banks must prepare now, and this may spell trouble for innovation teams. Wells Fargo & Co. recently notified about 1,000 employees in its Consumer Banking and Payments, Virtual Solutions and Innovations groups of the bank’s plans to eliminate their positions. The […]. Corporate Daily Post 1 Exclusive Lending Premium Forrester Research innovation group JP Morgan Chase lending Wells Fargo