Chris Skinner

SEPTEMBER 18, 2018

It’s interesting that the Global Financial Crisis (GFC) sparked by Lehman Brothers collapse in September 2008 sparked the FinTech revolution, according to some. I personally think FinTech was bubbling away before the GFC but, certainly, the GFC led to massive investment focus upon changing the system (almost $100 billion since … The post How Lehmans collapse started the FinTech fire appeared first on Chris Skinner's blog.

Fintech 375

Fintech System 375

Payments Dive

SEPTEMBER 21, 2018

Regardless of the latest and greatest technology, a successful payments strategy revolves around the consumer experience, and building a strategy requires an understanding of how consumers are engaging with payments on a day-to-day basis.

Payments 358

Payments Strategy Technology 358

Bank Innovation

SEPTEMBER 19, 2018

It’s been quite a busy year for Germany’s first digital-only challenger bank Fidor. The bank launched two more digital banks this year, and Fidor Chief Commercial Officer Ge Drossaert told Bank Innovation there is yet another bank in the works. “When we build a digital bank, we are creating a digital ecosystem,” said Drossaert. "We […].

Digital Banking 210

Digital Banking Innovation Operations Online 210

PYMNTS

SEPTEMBER 19, 2018

Amazon.com announced Wednesday (September 19) that it launched in Turkey, enabling consumers in the country to shop from millions of products over the internet. In a press release , Amazon said Amazon.com.tr is now live, featuring products in 15 different categories including books, consumer electronics, sports, outdoor, tools and more. “Our mission at Amazon is to be Earth’s most customer-centric company, where customers can find and discover anything they might want to buy online, at great pri

Tools 202

Tools Branding Online Retail 202

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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 20, 2018

I sometimes write blog posts that I actually disagree with. I write it to provoke reactions, and to test my own thinking. As a result, I think I usually annoy people in banks who read my writing but, instead, I actually get a quite a lot of compliments, for testing … The post Why banks have armies of developers appeared first on Chris Skinner's blog.

Digital Banking 347

Digital Banking Fintech 347

Bank Innovation

SEPTEMBER 20, 2018

For Moven, it may be a case of a challenger bank taking over a smaller traditional bank. Marek Forysiak, who was recently appointed CEO of Moven replacing longtime CEO and fintech influencer Brett King, told Bank Innovation the company is deciding on whether it will acquire a smaller bank in the near future. “We entered […].

Innovation 199

Innovation Fintech Company Capital 199

PYMNTS

SEPTEMBER 21, 2018

Sizzle Of The Week: AR/VR’s Retail Gains. Augmented reality (AR) and virtual reality (VR) have spent much of 2018 generating buzz as a potential tool for retailers looking to bridge the digital/physical gap and deliver an all-encompassing, omnichannel shopping experience. Retailers and merchants — big and small — have come running to the tech. Some of the luminaries on the field include Target , Walmart, Amazon , eBay , Macy’s, Ikea and Airbnb , all of which have made some type of notabl

Samsung 193

Samsung Retail Training Technology 193

Chris Skinner

SEPTEMBER 17, 2018

I received a really interesting report from the law firm DLA Piper last week. The report is focused upon how blockchain is changing the financial services markets around the world, with the aim of establishing the position of major financial institutions with regards to cryptocurrencies and the use of blockchain … The post A third of banks expect to hold cryptocurrencies on their balance sheets appeared first on Chris Skinner's blog.

cryptocurrency 303

cryptocurrency blockchain Report Marketing 303

Payments Dive

SEPTEMBER 20, 2018

One of the overriding themes from this year's event held in Chicago was how banks will take advantage of the data they receive from AI initiatives to provide a better customer experience.

Customer Experience 244

Customer Experience Chicago Data 244

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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

Report

Bank Innovation

SEPTEMBER 17, 2018

The advent of AI technology, with innumerable use cases for financial services, will also have a great impact on cost savings and output for companies. By 2030 the global growth rate for use of automation technology in companies, including fintech and financial services, will stand at 15%. Currently, the global growth rate for use of […].

Study 186

Study Fintech Technology Company 186

PYMNTS

SEPTEMBER 21, 2018

Uber Technologies, the ride-hailing company, is reportedly in early-stage talks to acquire Deliveroo , the food delivery company. Bloomberg , citing people familiar with the plans, reported the deal could be worth several billion dollars. Deliveroo , which is based in the U.K., was most recently valued at greater than $2 billion, noted Bloomberg. Acquiring the startup would be a big effort on the part of Uber to lead in the food delivery market in Europe.

Report 193

Report Company Operations Technology 193

Chris Skinner

SEPTEMBER 20, 2018

I just saw a report from the World Economic Forum, who estimate that over $1 trillion in new trade will be created through blockchain-based distributed ledger technologies (DLT) over the next decade. They also estimate it will reduce the global trading gap by $1.5 trillion. Bold claims. Here’s the key … The post Over the next decade, over $2.5 trillion will be generated by blockchain trade appeared first on Chris Skinner's blog.

blockchain 302

blockchain Technology Report Fintech 302

Payments Dive

SEPTEMBER 17, 2018

Card-on-file is fundamental to the digital commerce ecosystem, as it facilitates the delivery of payment methods such as one-click ordering and recurring payments.

Cards 207

Cards Payments 207

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Bobsguide

SEPTEMBER 17, 2018

Organisations are met with operational risk wherever they turn. On the one hand, they encounter risks relating to employee behaviour, third parties, statistics and controls. On the other, equally important cultural, moral and ethical risks are also causing disruption.

Fintech 140

Fintech Operations 140

PYMNTS

SEPTEMBER 19, 2018

The treasury management unit of PNC Bank is joining RippleNet, the firm said on Wednesday (Sept. 19). PNC Treasury Management joined the Ripple cross-border payments network that uses blockchain to facilitate global transactions. As members of the network, corporate customers of PNC Treasury Management will be able to receive cross-border payments, the FI said, adding that the solution can help them receive payments against their invoices more quickly for streamlined accounts receivable.

Payments 192

Payments blockchain Management Survey 192

Chris Skinner

SEPTEMBER 16, 2018

There was a big hoo-haa last week when UK Gov released their analysis of a no-deal Brexit. A no-deal Brexit is if we reach 29th March 2019, two years after triggering the exit process and an effective D-Day, without agreeing terms between UK Gov and the European Union. The research … The post What happens to banks if there’s a no-deal #Brexit?

Analysis 302

Analysis 302

Payments Dive

SEPTEMBER 18, 2018

India is the second largest smartphone market in the world. Learn more about the digital ecosystem of the country from Fortumo's latest market report.

Report 199

Report Marketing 199

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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

Payments Source

SEPTEMBER 17, 2018

Uber’s corporate existence has jumped from one PR crisis to another, but the company has always been lauded for how seamlessly it handles payments. Until now.

Payments 143

Payments Company Cards 143

PYMNTS

SEPTEMBER 19, 2018

Spending on cognitive and artificial intelligence (AI) systems is expected to see continued strong growth as businesses invest in projects in those areas. According to market research firm International Data Corp.’s Semiannual Cognitive Artificial Intelligence Systems Spending Guide , spending on cognitive and AI systems will reach $77.6 billion in 2022, more than three times the $24.0 billion forecast for this year.

System 191

System Leadership Strategy Industry 191

Chris Skinner

SEPTEMBER 15, 2018

The main blog headlines are … Ten years since Lehmans collapsed and the GFC started It’s September 14. It’s exactly ten years since Lehman Brothers collapsed. It’s ten years since the touchpaper was lit that sparked the Global Financial Crisis (GFC). It’s exactly ten years since I landed in Vienna … The post The Finanser’s Week: 3rd September – 9th September 2018 appeared first on Chris Skinner's blog.

Maine 213

Maine 213

Gonzobanker

SEPTEMBER 21, 2018

As banks and credit unions pour gasoline on their direct outreach, Adobe’s announced acquisition of Marketo shows us just how hot digital marketing automation is right now. For those not in the know, Marketo is a system vendor that automates lead management including email, mobile, social, digital ads, web management and analytics. In the morphing cross-industry world of sales, marketing and even some service outreach, it’s hot.

Marketing Automation 131

Marketing Automation San Francisco Conference Marketing 131

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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

Payments Source

SEPTEMBER 16, 2018

Executives from four companies—Worldnet co-founder John Clarke, Payrailz CEO Fran Duggan, CardFree CEO Jon Squire, and Sionic Mobile CEO Ron Herman— view Uber and Amazon as drivers of the shift to an "unattended" retail experience that removes human interaction from the process of making a payment.

Fintech 131

Fintech Retail Mobile Payments 131

PYMNTS

SEPTEMBER 17, 2018

NACHA — The Electronic Payments Association — announced that its membership has approved three new rules that will expand Same-Day ACH for all financial institutions and their customers. The first rule will allow Same-Day ACH transactions to be submitted to the ACH Network for an additional two hours every business day, while the second boosts the Same-Day ACH per-transaction dollar limit to $100,000, and the third rule increases the speed of funds availability for certain Same-Day ACH and next

Operations 190

Operations Payments 190

Chris Skinner

SEPTEMBER 17, 2018

Things we’re reading today include … Fewer than 2pc of bank chiefs worldwide are women despite value of female executives, says IMF Why Is This Supersafe Bank Scaring the Fed? Impact of automation on jobs has been overstated, claims Bank of England’s Mark Carney Banks step up to the fintech … The post Things worth reading: 18th September 2018 appeared first on Chris Skinner's blog.

Fintech 207

Fintech 207

Insights on Business

SEPTEMBER 21, 2018

The war for talent. Regulatory uncertainty. Keeping my customers, my customers. These are some of the concerns that I hear leaders in the financial services industry repeatedly share in my travels and I am sure will be recurring themes at this year’s largest conference in banking and financial services, Money20/20, from October 21-24. Every year, Money20/20 is one of my favorite conferences because I get to hear firsthand how leaders are reinventing financial services and are making fundam

Conference 115

Conference Customer Experience Industry Trends 115

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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