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

The true meaning of Open Banking

Chris Skinner

A year ago I blogged about invisible banking and that I have some issues with it, namely that the bank brand disappears and the customer finds it too easy to spend without thinking.

Stop money laundering with a proactive AML approach

Insights on Business

The recently revealed $8.8 billion Troika Laundromat offshore money laundering scandal was a vast and complex deception.

Taxes 233

FIS Buys Worldpay In $35B Cash, Stock Deal

PYMNTS

Fidelity Information Services ( FIS ), a global financial services technology company, announced Monday (March 18) it is merging with Worldpay , the global eCommerce and payments company, in a roughly $35 billion dollar deal.

Is Subscription Management the Bridge between Insight and Action?

Bank Innovation

It’s time to move beyond merely presenting data and toward helping customers take informed action on their finances with that data, according to Jonas Karles, co-founder and COO of Minna Technologies, a PFM provider for subscription and recurring payment management.

The true meaning of Open Banking

Chris Skinner

A year ago I blogged about invisible banking and that I have some issues with it, namely that the bank brand disappears and the customer finds it too easy to spend without thinking.

Worldpay, First Data deals reflect globalization of payments space

Mobile Payments Today

The blockbuster acquisitions of First Data and Worldpay in recent months reflect a serious turn towards globalization in the payments industry and will likely result in continued consolidation, according to experts

Data 176

Why Technology Isn’t Bank Transformation’s Silver Bullet

PYMNTS

Is there a right way and wrong way to innovate? For banks interested in transforming their brick-and-mortar branches, maybe, according to Diebold Nixdorf Senior Director of Advisory Services Chris Gill.

More Trending

The bank CIO sees most tech firms as blah, blah, blah

Chris Skinner

I can understand why bankers can be sceptical about what technologists say. For years, technologists have been telling them that their business is threatened by technological change.

Social media payments: An ally or adversary of banks

Mobile Payments Today

As social media platforms increasingly play in the payments space, what does this portend for the banking industry

First Data, InstaReM Pair On Corporate Card Issuance

PYMNTS

Singapore-based FinTech startup InstaReM , which enables banks and consumers to send money across borders , announced a partnership with First Data to assist businesses that issue corporate credit cards.

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BI Ignite 2019: What Makes a Bank a Good Fintech Partner? [Video]

Bank Innovation

Rapid prototyping and an innovation-oriented mindset are two characteristics that make a bank a good fintech partner, according to panelists at the Bank Innovation Ignite 2019 conference in Seattle last week.

Video 151

Deutsche Bank and Commerzbank: the sick dogs of Europe #Brexit

Chris Skinner

Watching the debacle of the #Brexit debate in Britain, you might think that the UK is in a national meltdown. According to a survey on the front of Metro this week, 9 out of 10 Brits think that the political handling of Brexit is a national humiliation.

Metro 316

Get rid of the noise by streamlining your audit with IBM OpenPages

Insights on Business

The internal audit program is critical to any organization that intends to provide efficient, compliant and safe services to its clients.

Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

“Connect the dots” is used as a metaphor for describing how a series of discrete events can explain a “big picture” – often high-impact – action or outcome.

Tencent Sees Payments Growth Driven by Merchant Adoption

Bank Innovation

Chinese conglomerate Tencent missed the mark overall in the fourth quarter of 2018, but its WeChat Pay showed significant growth, particularly as the number of merchants actively transacting on the platform was up 80% year-over-year. WeChat and its local version, Weixin, reached about 1.1

The Art of the Corporate War

Chris Skinner

One of the greatest challenges in digital transformation is the cultural change, that has to be led with passion and commitment from the top-down. As I’ve already mentioned, that means a Board mandate and the Chair and CEO being fully on board. But what about the C-team?

Your incentive compensation management is definitely not a mousetrap

Insights on Business

Did you ever play the Mouse Trap board game when you were a kid? Do you recall how frustrating it was when you set the contraption in motion and it failed somewhere in the middle without setting the trap?

How Data Will Speed The Move To Cashless Payments

PYMNTS

Is there a hotter topic — a buzzier buzzword, one might term it — than cashless? Ours is swiftly becoming the age of digital payments, push payments and instant payments, done by bits and bytes rather than through the conduits of coins and bills.

Data 275

Citi Ventures Leads $28 Million Round for Client Management Startup HoneyBook

Bank Innovation

Citi Ventures led a $28 million Series C equity round for client management platform HoneyBook, the company announced today.

Deutsche Bank and Commerzbank: the sick dogs of Europe #Brexit

Chris Skinner

Watching the debacle of the #Brexit debate in Britain, you might think that the UK is in a national meltdown. According to a survey on the front of Metro this week, 9 out of 10 Brits think that the political handling of Brexit is a national humiliation.

Metro 303

Podcast Episode 16: Ingenico Director talks consolidation and the new payments landscape

Mobile Payments Today

David Jones sits down with Mark Bunney, director of market strategy at Ingenico, to explore the global payments business and a world in flux

Amazon, Worldpay And A One-Click Entrance To A New Commerce Ecosystem

PYMNTS

Amazon Pay is a well-established payment method across online commerce — and not only because it’s the home payment method of the largest, most successful eCommerce platform in the U.S.

Bill Pay Network Doxo Adds Apple Pay as Payment Method

Bank Innovation

Apple Pay is now available as a payment method for more than 2.5 million consumers and 45,000 U.S. billers on doxo, the bill payment network announced today.

Apple 141

The Art of the Corporate War

Chris Skinner

One of the greatest challenges in digital transformation is the cultural change, that has to be led with passion and commitment from the top-down. As I’ve already mentioned, that means a Board mandate and the Chair and CEO being fully on board. But what about the C-team?

Australia, South America, & Africa: The Rise Of The New Fintech Hubs

CB Insights

From 2014 to 2017, North America, China, and the UK established themselves as the heavyweights of fintech in the world. That’s starting to change.

Square Expands To Offer Retail Online Store, Improved POS App

PYMNTS

Square has two new offerings: the revamped Square Online Store and Square For Retail, introduced in an announcement by the company on Wednesday (March 20).

Retail 271

BI Ignite 2019: What Does the Bank of the Future Look Like to Startup Founders? [Video]

Bank Innovation

To conceptualize tomorrow's bank, a fundamental question needs to be asked: What is the value the bank brings to the table? Answer that question and the bank of the future will materialize -- a specialized, consumer-centric, data-driven, networked financial entity.

Video 141

Women in FinTech: do you care?

Chris Skinner

I’ve written quite often about Sexism in the City and am intrigued by discussions of diversity, or the lack thereof, in both banking and technology.

AI Trends To Watch In 2019

CB Insights

Artificial intelligence is spreading across every industry. With new developments making headlines every day, it can be tough to sort out the essential news from the hype. Our analysts cut through the noise to identify 25 of the top AI trends to watch this year. GET the 84-page AI TRENDS report.

Trends 114

PayPal Powers Instagram Checkout

PYMNTS

Instagram has launched a checkout feature designed to help the social media platform become a more attractive place for consumers to buy retail products, and to capture more sales via what is coming to be known as contextual commerce.

Capital One Trains Virtual Assistant Eno To Be Proactive with New Tax Feature

Bank Innovation

Most virtual assistants are reactive, but Capital One is training its virtual assistant, Eno, to be proactive, according to Ken Dodelin, VP of conversational AI products at the bank. Most [virtual assistants] are chasing reactive customer questions,” Dodelin told Bank Innovation. “We

Things worth reading: 21st March 2019

Chris Skinner

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5G & The Future Of Connectivity: 20 Industries The Tech Could Transform

CB Insights

Move over, 4G — the next generation of wireless technology is here. 5G is set to enhance connectivity across networks. This is especially important as the number of Internet of Things (IoT) devices rises, along with the amount of data they generate. Get the entire 31-page What is 5g? report.

Instagram Tests The Ability To Shop In-App

PYMNTS

Instagram , the photo and video sharing social media platform operator, is rolling out a trial of a new shopping program in which users can shop and check out within the app.

Video 269

Rapyd Launches Local Payments Solution Rapyd Checkout

Bank Innovation

Fintech-as-a-service platform Rapyd today launched Rapyd Checkout, a hyper-local payments solution allowing merchants to accept over 500 local payment types including cash, bank transfers, local cards, and e-wallets, in 100-plus countries.

Things worth reading: 19th March 2019

Chris Skinner

Things we’re reading today include … Are 40-year mortgages becoming the new normal?

US 197

The Problem For Small-Town Banks: Technology Has Redefined Community

Ron Shevelin

The traditional definition of "community" was a geographic construct, referring to a town, a county, or some other geographic region. The new definition of community is based on affinity, not geography