Sat.Jan 12, 2019 - Fri.Jan 18, 2019

Credit Unions Step Up During Government Shutdown

PYMNTS

There is no shortage of headlines about the partial government shutdown that is now on its 27th day, and no shortage of articles speculating how long it will go on, what will be affected and (most often) what it will take to finally bring it to an end.

The new FinTech bank

Chris Skinner

For years, I’ve been wondering why people in business operations couldn’t align their needs with the people delivering technology in the organisation. The CIO would sit outside the business, watching and responding to requests.

Automakers expand connected car ecosystem with payment technologies

Mobile Payments Today

Automakers from Honda to GM and Hyundai see mobile payment technology as a key component in developing connected car technology

Three key considerations before jumping into your sales incentive compensation planning process for 2019

Insights on Business

Blockchain Makes Inroads Into Banking

PYMNTS

In Asia, blockchain continues to get a boost from government and regulatory efforts, especially in the realm of trade finance done across borders.

Digital banks are led by clear customer-obsessed principles

Chris Skinner

Another key factor of the digital banks I’m talking to is that the customer is their primary focus. Not the shareholder, the investor, the quarterly bonus, the dividend yield or the cost-income ratio. The customer.

Fintechs, digital banks reach out to workers impacted by government shutdown

Mobile Payments Today

Fintech companies, mobile banks and others are granting waivers, extended payments and other services to help workers impacted by the government shutdown

More Trending

Why Africa Is eCommerce’s Next Great Frontier

PYMNTS

Africa as next great eCommerce frontier? The ingredients for a revolution in payments across the region, fueled by demographics and technology, seem to be there.

Digital banks look more like Big Tech and vice versa

Chris Skinner

I found it interesting to hear that many of the banks focused upon digital are studying, visiting, talking to and hiring people from the Big Tech firms. People with experience at Netflix, Alibaba, Amazon and Tencent are in strong demand, especially those who can code.

The Future of Fintech Video Series: Joust

Mobile Payments Today

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing

Video 152

Will Digital Technology Save Citi More Than $1 Billion Over the Next 3 Years?

Bank Innovation

Citigroup CEO Michael Corbat touted roughly $200 million in cost savings the bank found in 2018 by going digital and taking on other related initiatives. It seems $200 million is only the beginning.

Warehouse Robots Pave The Way For More AI Logistics

PYMNTS

Robots have taken their place inside eCommerce and other commerce-related warehouses, and will in the coming years take even larger roles in fulfillment, according to estimates.

Doing digital needs the Board’s mandate

Chris Skinner

Another key factor in building a truly digital bank is commitment. Commitment right from the top and, by the top, I don’t just mean the CEO and the leadership team, but the Board of the bank.

IBM named a leader six times in a row in 2019 Gartner Magic Quadrant for SPM

Insights on Business

IBM Sales Performance Management (SPM) has once again been recognized as an industry leader in Gartner’s Magic Quadrant for Sales Performance Management 2019 , for its ability to execute and completeness of vision, for six consecutive times.

Amex Turns to Service-Focused Apps to Add Rewards and Cashback Perks

Bank Innovation

Rewards and cashback programs, crucial growth tools for credit card businesses, have traditionally been based on what consumers buy. American Express Co.

Tools 141

For Visa, She’s Next Is What’s Next

PYMNTS

If knowledge is power, then shared knowledge is … shared power. To that end, Visa said on Tuesday (Jan.

Set the people free

Chris Skinner

I’ve been grappling with what sets apart the banks that I think are truly digital from the rest, and realised the other day that it is because they have digital to the core of the bank.

Time done your way: Using calendars in IBM ICM

Insights on Business

In the world of Incentive Compensation Management (ICM), flexibility, audibility, and reporting are major pillars upon which a good system is built. The use of calendars in IBM ICM is at the heart of the platform, helping establish a foundation for success.

Data 141

JPMorgan Chase Keeps Lead in Mobile Banking

Bank Innovation

JPMorgan Chase & Co. remains the clear leader among the largest U.S. consumer banks in terms of mobile banking use, fourth quarter earnings released this week show. The bank has counted the most active mobile users of the big four U.S. banks for years, and there are no signs of that changing.

Mobile 141

Blockchain Tries To Jolt B2B eCommerce Into The Digital Age

PYMNTS

The complexities and demands of B2B eCommerce can be significantly greater than those of the consumer digital shopping realm.

Things worth reading: 16th January 2019

Chris Skinner

Things we’re reading today include … Ivanka Trump for World Bank president?

Debunking common misconceptions in the world of e-commerce

Mobile Payments Today

e-commerce retailers need to overcome their concerns about selling across borders, as many of the concerns about engaging in the international market are based on common misconceptions

Retail 139

Bank of America Falls Short of Ambitious Goal for Digital Sales

Bank Innovation

Bank of America set an ambitious goal for digital sales last June: 50% over the next couple of years. The bank remains far behind that target.

Goldman-Backed Vietnam Mobile Wallet Momo Snaps Up New Funds

PYMNTS

Momo, a Vietnam-based FinTech company that provides users with digital payment options, has reportedly received a very large Series C investment from American private equity firm Warburg Pincus.

Mobile 264

Things worth reading: 17th January 2019

Chris Skinner

US 157

The Future of Fintech Video Series: Amazon Pay

Mobile Payments Today

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing

Video 122

Notable VC Funding: U.K. Corporate Payments Startup Reels in $11.5 Million from U.S. Investors

Bank Innovation

Corporate payments startup AccessPay, based in Manchester, England, landed an investment of $11.5 million (£9 million) led by U.S. venture capital firms Beringea, True Ventures and Route 66 Ventures.

US 141

Apple Pay Users In Australia Can Now Choose Visa Or EFTPOS

PYMNTS

Apple Pay, in a move that will let users in Australia skip credit card fees at places that support EFTPOS (electronic funds transfer), now has support for dual-network debit cards, according to reports.

Apple 264

Things worth reading: 15th January 2019

Chris Skinner

Fraud 157

Financial services at IBM Think 2019

Insights on Business

IBM will be hosting IBM Think 2019 from February 12-15 this year at a new location in San Francisco, CA. And the conference holds an impressive line up of education and activities for financial leaders focused on: Reshaping the customer experience with new business models supporting an integrated ecosystem-based marketplace. Digitally transforming operations, operating models and technologies to compete in a changing industry structure. Optimizing risk, compliance and security.

JPMorgan Chase Adds 2 Million Mobile Users While Closing 30 Branches in 4Q

Bank Innovation

JPMorgan Chase & Co. saw an impressive 11% year-over-year growth of active mobile users, now totaling over 33.2 million, the bank disclosed today. To put that growth into perspective, Wells Fargo today revealed 7% YOY growth in active mobile users during that period.

Mobile 141

Physical Retail Isn’t Dead – The Physical Store Model Is

PYMNTS

It looks like we can finally have a serious conversation about the impending collapse of physical retail in the U.S. All it took was a 160-year old retailer and a $34 billion kick in the stomach to the retail sector to get everyone’s attention.

Retail 266

The Finanser’s Week: 7th January – 12th January 2019

Chris Skinner

The main blog headlines are … My view of 2019 So, I’ve been summarising other people’s views of the year ahead from a variety of sources, but I also wrote two outline pieces for my friends at The Banker magazine and Jim Marous’s The Financial Brand.

Maine 157

FSS DCC Processing Services

Mobile Payments Today

Global Billing and Payments Simplified

Wells Fargo’s 4Q Performance a Mixed Bag, But Reflects More Digital Migration

Bank Innovation

Wells Fargo & Company saw modest growth in online and mobile customers in its fourth quarter earnings report released today. The bank had 29.2 million active digital (online and mobile) users as of the fourth quarter of 2018. That’s up 1% from 29 million last quarter and 4% from 28.1

Report 141

Fresh Holiday eCommerce Data: Another Nail In Physical Retail’s Coffin?

PYMNTS

Online retail and mobile commerce had their shining moments over the 2018 holiday shopping season — the latest evidence of that comes from Adobe Analytics , which said that U.S. consumers spent a record $126 billion online during that period, above the company’s earlier projection.

Retail 259

Things worth reading: 18th January 2019

Chris Skinner