Sat.Apr 20, 2019 - Fri.Apr 26, 2019

Doing good for society and the planet (an Earth Day FinTech update)

Chris Skinner

It was Earth Day on Monday, and a national holiday in many nations as they observed what Christians call Easter. Whilst Sri Lankans mourned the fatal losses on the Easter Sunday church gatherings, many observed the anniversary of the birth of the modern environmental movement in 1970.

Thailand’s Largest Firm Taps Ripple For B2B Payments

PYMNTS

Petroleum exploration company PTT Exploration and Production (PTTEP), Thailand’s largest corporation, is collaborating with blockchain firm Ripple to integrate its technology for cross-border transactions.

Fintech AsiaCollect Seeks to Digitalize Debt Collection in Southeast Asia

Bank Innovation

With the majority of the region's debt collection being handled by small, provincial agencies, the process in Southeast Asian markets is still mostly manual. Digital debt collector AsiaCollect is hoping to change that.

PayPal reports strong numbers for Venmo, Visa posts solid Q2

Mobile Payments Today

PayPal and Visa reported strong earnings in the first quarter of 2019, with PayPal breaking out Venmo numbers for the first time

Report 227

Doing bad for society and the planet (an Earth Day banking update)

Chris Skinner

I’m not a particularly political person. Opinionated yes. A little bit right and little bit left, maybe. Not necessarily a centrist, true. And I try to avoid writing about politically motivated movements on this blog, except when they impact the banking industry. And today is one of those days.

Amazon Will Soon Accept Bitcoin Payments

PYMNTS

Bitcoin, through the lightning network, will soon be available as an option to pay on Amazon and other eCommerce sites, according to reports. Cryptocurrency payment processing company Moon said any e-wallet that is lightning-enabled can also be used through the company’s browser extension.

Traditional FIs See Fintechs as ‘Significant Threat’ by 2022, Study Says

Bank Innovation

Nearly 80% of traditional financial institutions feel little or no threat from fintechs today, but 65% believe fintechs will be a “significant threat” by 2022, according to a new study by Harvard Business Review.

Study 173

More Trending

The Finanser’s Week: 15th April – 21st April 2019

Chris Skinner

The main blog headlines are … Will a global platform connect all of our money? When I talk about FinTech, I often reflect on the first time I encountered what I would, today, call a truly FinTech firm.

Maine 232

Visa Next: Visa’s Next ‘Digital First’ Act

PYMNTS

Visa introduced a platform on Monday morning (April 22), complete with beta application programming interfaces (APIs), that will allow issuers and issuer processors to build and test new products.

Retail Banking Customer Satisfaction has Improved, But Only Slightly

Bank Innovation

Customer satisfaction in the overall retail banking industry has improved over the last twelve months, but ever so slightly, according to J.D. Power's 2019 U.S. Retail Banking Satisfaction Study.

Retail 151

The future of payments choices at the fuel pump

Mobile Payments Today

Consumers want to see more options in the payment methods available at the gasoline pump. This presents opportunities and challenges from the stanpoint of introducing mobile payment options, while maintaining the security of transactions

Doing good … find out more (a final Earth Day update)

Chris Skinner

In closing this Earth Day week, I thought I’d rectify yesterday’s depressing news about banks funding the end of our planet to talk about the banks that are doing the opposite.

SoftBank Invests $1B Into Wirecard

PYMNTS

Wirecard , the German financial company, and Japan’s SoftBank Group announced Wednesday (April 24) a deal in which SoftBank will invest about EUR 900 million in Wirecard. In a press release , the companies said the investment will come via a convertible bond mechanism.

Fintechs Face Difficult Regulatory Realities on Charters

Bank Innovation

WASHINGTON, D.C. Fintechs are having trouble facing reality when it comes to obtaining bank charters, FDIC Chairman Jelena McWilliams and Comptroller of the Currency Joseph Otting said here at the FDIC’s Fintech and the Future of Banking conference on Wednesday.

DC 151

New digital tools in B2B payments

Accenture

Advances in technology and a push towards “consumerization” in business-to-business (B2B) payments is resulting in providers offering more digital tools than ever before.

Tools 179

Things worth reading: 26th April 2019

Chris Skinner

Things we’re reading today include … No More Happy Hour: Japan Bank Boss Takes Aim at Drinks Culture Is it time the Bank of England had a woman governor?

211
211

Why (Win Or Lose) Apple Card May Already Be Changing Payments

PYMNTS

In technology, especially when it comes to consumer-focused technology, Apple is viewed as a disruptive force.

Apple 273

Venmo Revenue Growth Exceeds Analysts’ Predictions for Q1

Bank Innovation

PayPal's P2P service Venmo has exceeded analysts' first-quarter estimates in two key areas: annual revenue run rate and number of users, according to statements from PayPal's Q1 earnings call on Wednesday.

Retail 151

Fanfare (and a drumroll) accompany the debut of NCR Silver One

ATM Marketplace

NCR went big with the introduction of Silver One, an all-in-one POS solution for small and midsize businesses

121
121

Things worth reading: 24th April 2019

Chris Skinner

Groups 198

JPMorgan To Expand Blockchain Use For Payments

PYMNTS

JPMorgan Chase is planning to expand its use of blockchain technology to improve the banking industry’s payment system, as well as get FinTechs to experiment on developing the platform. The platform allows banks to quickly resolve compliance issues that can delay payments by weeks.

Fifth Third Bank to Add 100+ Branches to Improve Customer Experience

Bank Innovation

For Fifth Third Bank, customer service is not just about digital transformation. The bank also wants to expand its physical retail branch footprint, according to its president and CEO, Greg Carmichael. As a result of the bank's $4.7 billion acquisition of Chicago-based MB Financial Inc.,

The rise of Chief Behavioural Officer and how to hack customers’ mind

Daily Fintech

Financial Services has traditionally been a game of numbers, aggressive product (mis)selling, big bonuses and as a result too many “too big to fail”s. The rise of regulations and technology innovation within the industry has resulted in a course correction.

How To 114

McDonald’s hack sends a wakeup call to kiosk, ATM deployers alike

ATM Marketplace

In the wake of a McDonald's restaurant ordering kiosk in Australia, security expert Andrew Savala offers tips for hardening security at kiosks — and it's advice that ATM deployers should be acting on, as well

ATM 114

Fraudster’s Latest Target: Dead People

PYMNTS

Back in the golden olden days of print newspapers, bad guys would regularly read the obituaries, then craft a plan to break into houses and steal valuable items during the wake or funeral. But like most analog businesses, this criminal model has gone digital.

Financial Apps Have Better Mobile Retention Rates Than Other Industries, Report Says

Bank Innovation

Neither video games nor dating nor shopping have a stronger pull, in terms of initial mobile app retention than financial apps, according to one report released by mobile app research firm Liftoff.

Report 151

Financial Brand Forum 2019: 5 Wins in 5 Minutes

Gonzobanker

Hosting marketing and sales execs at Caesars Palace is kinda asking for it, isn’t it? If the Roman-adorned casinos don’t distract, surely options like Donny & Marie over at The Flamingo or the endless taxis touting the Cannabis Superstore will, right? Wrong. Let’s just call it.

Are citizens prepared for the data implications of smart cities?

Dataconomy

What are the fears around data while exploring potential use cases to demonstrate the value for the ‘smart citizen’? Here is a look.

Resolve Shakes Up B2B POS Payments

PYMNTS

The idea started in the B2C world, but it wasn’t long before online sellers were asking about its use for B2B — at least, according to Chris Tsai, co-founder and CEO of Resolve , in a new PYMNTS interview.

Capital One to Be Fully on Public Cloud by End of 2020

Bank Innovation

Capital One Financial plans to complete the exit from its data centers and to go fully into the public cloud by the end of 2020, Chairman and CEO Richard Fairbank said during the bank’s first-quarter earnings call on Thursday. The McLean, Va.-based

The Race For 5G: How 20 Corporations Are Building The Future Of Connectivity

CB Insights

Fifth-generation wireless technology — commonly known as 5G — is among the most hotly anticipated technological advancements on the horizon. Boasting significantly faster data transfer rates, 5G promises to transform virtually every aspect of the mobile internet.

How to “squash” competitors with real-time bank pricing

Accenture

Guest blogger César Rainusso breaks down how retail banks can implement a successful, real-time pricing strategy from back office to front line and across customer channels. Squash players know that when up against a strong competitor, a great serve is their greatest strategic advantage.

Afghanistan Turns To Bitcoin To Boost Economy

PYMNTS

Afghanistan is looking to boost its ailing economy with bitcoin.

Finance Firms Are Hiring in These Cities Following Global Cuts

Bank Innovation

Demand for bankers and financial services workers appears to be waning following a wave of cutbacks at the start of the year. But a few cities are bucking the trend with double-digit growth in finance employment opportunities. In Richmond, Virginia, finance job openings grew 31.3%

Infographic: Facebook’s Biggest Acquisitions

CB Insights

Of all the FAMGA (Facebook, Amazon, Microsoft, Google, Apple) tech giants, Facebook has had the shortest acquisition history. Since 2007, the company has made over 80 acquisitions, including photo sharing platform Instagram and VR developer Oculus. DOWNLOAD THE FULL 86-page microsoft report.

A Millennial’s Take on Change: Why is it So Hard?

Perficient Financial Servies

The biggest obstacle an organization will face today is… change. Why is that so hard to believe? Learning to be nimble and flexible in an ever-changing environment is and will be an ongoing topic of conversation for generations to come. I would go as far as to say, for all of eternity?

India Moves To Outlaw Cryptocurrencies

PYMNTS

The Indian government has drafted a bill that would ban cryptocurrencies and attempt to regulate any official digital money, according to reports. .