Sat.Feb 16, 2019 - Fri.Feb 22, 2019

PayPal CEO: Digital Payments To Be $100T Market

PYMNTS

There are markets and there are $100 trillion markets. And might digital payments be in that $100 trillion classification?

Study Shows Strong Relationship Between Credit Score Review and Credit Score Increase

Bank Innovation

Can regularly checking your credit score actually help improve your results? We wanted to know the answer to that critical question, so Credit Sesame partnered with Megan Hunter Antill and Jessica Yu, Ph.D., candidates in Quantitative Marketing at Stanford Graduate School of Business, to find out.

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When will Amazon launch its bank?

Chris Skinner

Name the company that strikes fear into everyone’s hearts in business? In the 1980s, it was IBM. You never get fired if you buy IBM, even though It’s a Bloody Mess. In the 1990s, it was Microsoft.

Mobile coupons drive loyalty, customer engagement

Mobile Payments Today

Retailers and others have transitioned physical coupons to the mobile space, as a way to enhance customer loyalty and engagement

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Adyen Launches New Open Banking Payment Service

PYMNTS

Adyen, the payments platform, announced Wednesday (Feb. 20) it has launched a new payment service that is powered by open banking.

These 12 Startups Are Competing in the Demo Contest at Bank Innovation Ignite

Bank Innovation

The 12 startups demoing to try to win the “best in show” award at Bank Innovation Ignite have been unveiled. The startups are:[link] Avocado Payments, Budgit Inc., Community Capital Technologies, Denizen Financial, Diro Inc., Exagens Corp.,

Are you in banking or technology?

Chris Skinner

I’ve had a lot of conversations with bankers and technologists, and realised something recently.

More Trending

Can FinTechs And Banks Actually Have A Perfect Marriage?

PYMNTS

The relationship between FinTechs and banks has been complicated, with relatively young upstarts competing with established financial institutions in a new and growing world of digital payments and commerce.

The Best Online Banks Right Now

Bank Innovation

Keeping your money in a bank is common sense at this point, but online banking is – unfortunately – not something many people have grown accustomed to, yet.

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Is JPMCoin a cryptocurrency and what should SWIFT do about it?

Chris Skinner

It’s not often that the Twittersphere I watch lights up in deep conversation, but a long one started last week thanks to JP Morgan’s announcement of the JPM Coin. Falsely labelled a cryptocurrency, loads of headlines emerged about JPM killing XRP, the currency of Ripple.

Trends driving ePayables innovation

Mobile Payments Today

The rise in consumer payment technologies raises questions about when will the business-to-business payments model see a similar level of transformation

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SMBs Cross The Chasm Of Accounting Innovation

PYMNTS

Small business (SMB) adoption of technology can be a process filled with growing pains and friction points, thanks to the cost and disruption associated with integrating a new technology.

Ground attack or air strike: Winning the banking customer battle

Insights on Business

You have the mission to grab territory. You called in the lieutenants to devise a strategy. The Air Force general makes a strong case to efficiently blanket the territory with air campaigns. The Army favors the tried-and-true approach of gaining ground inch-by-inch.

AI wars

Chris Skinner

I’m just reading a new book recommended by a banking friend AI Superpowers: China, Silicon Valley, and the New World Order by Kai-Fu Lee, and the opening got me thinking.

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U.S. Banks Adopt Open Banking Concepts Without Regulatory Nudge, But Why?

Bank Innovation

The U.S. is making a more organic shift toward open banking concepts than what is seen in Europe, where the Revised Payment Service Directive, or PSD2, is outright requiring it. Innovation, collaboration, and competition are rapidly shaping the open banking ecosystem in the U.S.,

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Real Estate Money Laundering An Increasing Focus Of Governments

PYMNTS

Governments around the world have a new front in their fight against money laundering: real estate.

Embracing disruption at Bank Innovation Ignite with IBM

Insights on Business

In the financial services industry today, industry leaders are focused on leading their organizations into the future: Reshaping the customer experience with new business models supporting an integrated ecosystem-based marketplace.

Technology is business

Chris Skinner

Another interesting nuance of the FinTech Bank is the integration of business and technology. I’ve referenced this a few times, but wanted to be explicit that these banks think technology is business and business is technology.

Fintech Funding Surged 120% in 2018

Bank Innovation

The year 2018 was a great year for fintech funding across the globe. This is true not only because the total funding was high, but also because there were more investors in fintech than in years before.

Visa, Mastercard, Banks Agree To $5.54-$6.24B Settlement In Card Fee Lawsuit

PYMNTS

In a settlement that has been given preliminary approval by a federal court in New York, Visa and Mastercard, along with bank defendants, have agreed to provide roughly $6.24 billion in settlement funds.

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The necessity of an incentive compensation management business value assessment

Insights on Business

Transparency in Incentive Compensation Management (ICM), as in many businesses, can be seen as an imperative. You could argue that it’s something that benefits all parties involved. Not only are you establishing trust with your commissioned sales agents by paying them accurately and with the proper documentation, metrics and calculations.

The Finanser’s Week: 11th February – 17th February 2019

Chris Skinner

The main blog headlines are … 39 FinTech Unicorns Valued at $147.37 billion I spotted an article by Linus Beliunas on LinkedIn this week, and liked it so much that wanted to share. Enjoy! 39 FinTech Unicorns Valued at $147.37 billion 2018 was a phenomenal year for FinTech.

Most FIs Don’t See Significant Value from AI, Report Says

Bank Innovation

AI is all the buzz in financial services right now, but only a little over one in 10 FIs around the world said they are gaining “significant value” from it, at least according to one recent survey. In a study titled Competing in the Cognitive Age: How companies Will Transform Their Businesses & Drive Value […]. Artificial Intelligence Daily Post 2 DataBank Premium artificial intelligence Automation Bank of America JP Morgan Chase

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Green Dot Eyes Banking-As-A-Service, Gen Z To Build On Q4 Growth

PYMNTS

Financial technology firm Green Dot , which made its name on its prepaid debit card solutions, is ramping up its focus on Banking-as-a-Service (BaaS) after posting $14.3 million in net income for the fourth quarter of 2018.

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How Blockchain Tech Could Disrupt Real Estate

CB Insights

While historically a “pen and pencil” business, technology has begun to push the global real estate market into digitized approaches.

Things worth reading: 22nd February 2019

Chris Skinner

Can Banks Solve their Small-Dollar Loan Problem with Fintech Partnerships?

Bank Innovation

Aura, a San Francisco-based fintech offering affordable loans to low to moderate-income households, wants to partner with banks to offer those loans to consumers who have traditionally been unable to secure them from larger institutions.

FinTech-As-A-Service Eyes Global Payments Simplification Makeover

PYMNTS

To streamline FinTech, and to help consumers and businesses transact in the ways they desire, firms must move beyond the silo approach.

Brewing Disruption: As Beer Sales Decline These 65+ Startups Could Revitalize The Industry

CB Insights

Dry January may be over, but beer is still struggling. Brewers sold 0.3% less beer in stores in the US in 2018 compared to the previous year, according to research firm IRI.

Things worth reading: 20th February 2019

Chris Skinner

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Green Dot to Launch 2 Account Products, Build Out BaaS Platform

Bank Innovation

Green Dot, a Pasadena-Calif.-based based financial services company with a banking license, is making no secret of its success and broader ambitions with banking-as-a-service.

When Will Profits Hitch A Ride With Uber And Lyft?

PYMNTS

The world of ridesharing — one that has expanded into such areas as food delivery and last-mile transportation needs via scooters — is about to get really interesting.

How AI Will Go Out Of Control According To 52 Experts

CB Insights

There’s no way around it — artificial intelligence is changing human civilization, from how we work to how we travel to how we enforce laws. As AI technology advances and seeps deeper into our daily lives, its potential to create dangerous situations is becoming more apparent.

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Things worth reading: 21st February 2019

Chris Skinner

Things we’re reading today include … Politicians must stand up for City after Brexit Barclays fraud trial: ex-chairman ‘not aware’ of £280m Qatar deal Standard Chartered sets aside $900 million to cover U.S.,

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Jack Henry Slow to Deploy P2P Service Zelle to Credit Unions

Bank Innovation

Core processor Jack Henry & Associates might have signed a deal with Zelle's parent company Early Warning in 2016, but it won't be deploying the P2P service until 2020, at earliest, Bank Innovation has learned. In fact, the core processor only started beta testing Zelle for Symitar this year.

Uber To Sell Its Uber Eats Operations In India To Swiggy

PYMNTS

Uber Eats , the food delivery business of Uber, is gearing up to sell its Indian operations to Swiggy , a rival food delivery company in the country.

These Are The Most Active Fintech Investors In 2018

CB Insights

Deals in 2018 were up 15% compared to the previous year, while funding levels surged 120%. Driving these trends were 52 mega-rounds ($100M+) worth a combined total of almost $25B. Another contributing factor was an uptick in the number of investors, which reached a new peak of 2,745.