Sat.Jan 19, 2019 - Fri.Jan 25, 2019

Digital transformation needs a burning platform

Chris Skinner

Ever since I started working in business process re-engineering and transformation a while ago, before most millennials were born I should say, I learnt a lesson early on. Transformation will never work without a crisis point.

8 mobile payment trends that matter for 2019

Mobile Payments Today

Eight major trends will help define the landscape of mobile payments in 2019, according to Mark Flamme of AlixPartners

Trends 219

Fortnite’s In-Game Currency Used In Money Laundering Schemes

PYMNTS

A new report has revealed that Fortnite’s in-game currency is being used to launder money from stolen credit cards.

Barclays CEO Says a Crisis Is Likely, Potentially in Credit

Bank Innovation

Barclays Plc’s top executive said it’s “more than likely” there will be another financial crisis, but problems inside the banks themselves are unlikely to be the trigger this time.

Will blockchain replace core banking?

Chris Skinner

I’ve got lots more to write about digital transformation and the things I’m learning from banks engaged in doing it but, to give you a break, I also have a couple of fantastic guest submissions which are worth sharing.

Fiserv acquisition of First Data may set off consolidation in payments space

Mobile Payments Today

The blockbuster merger of Fiserv and First Data could set of a series of industry consolidation, according to industry analysts

Mastercard Fined $648.3 Million By EU Over Interchange Fees

PYMNTS

Mastercard was slapped with a $648.3 million fine by the European Union, which alleged that the payments company raised the costs of card payments artificially.

More Trending

Digital banks have fast and regular communication

Chris Skinner

A further aspect of the digital banks I am talking with is that they have reviews all the time. Not formal reviews, but fast meetings with the business people, designers, developers and even audit and compliance all around the table.

Psychological barriers to greater mobile payment use in the US

Mobile Payments Today

Consumers in the U.S. are still struggling to overcome psychological barriers to embracing mobile payments technology, according to research from two leading financial services experts

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How AR/VR Tech Is Reshaping Retail

PYMNTS

Before consumers started to trade brick-and-mortar shopping experiences for eCommerce websites, retailers could bring customers through their doors with window displays.

Retail 274

FIs Hiring Customer Experience Teams, But What Are They?

Bank Innovation

Demand for a combination of speed, simplicity, security and convenience in banking services has financial institutions thinking more about customer experience, particularly in a digital sense, and hiring people to design that experience.

Synchronised swimming or football teams?

Chris Skinner

In another guest post related to industry versus digital banking Marko Wenthin, co-founder of solarisBank, sent this insight into my discussion of FinTech banks last week.

Top banking and financial markets blogs in 2018

Insights on Business

It is that time of year when we do an annual review of the blogs our readers viewed the most on our Insights on Banking blog.

Walmart Tests New Payments Approach To Up Online Conversions

PYMNTS

Walmart is testing out a new solution designed to automatically address soft declines on its eCommerce site.

Online 267

Operant Calls for Consortium to Improve Debt Collection

Bank Innovation

Toronto-based fintech Operant.AI believes a consortium for financial institutions is needed to improve the performance at third-party debt collection agencies.

Don’t just bring one, bring all

Chris Skinner

One of the biggest issues all companies face with transformation – digital or otherwise – is bringing the people with you. Some would say that anyone who does not join the journey can leave, but that’s quite a tough stance.

Blockchain Trends To Watch In 2019

CB Insights

Blockchain made plenty of headlines last year. We’ve seen stories on everything from price volatility surrounding cryptocurrencies to increased adoption of blockchain tech by some of the world’s largest corporations. GET the 47-page blockchain TRENDS report.

Trends 114

PSD2 Creates Turbulence For Travel Operators

PYMNTS

With PSD2 in full swing in the European Union (EU), any merchant dealing with the payment data of EU citizens must upgrade their payment protocols to stay compliant.

Capital One Said to Buy Walmart Card Portfolio, Zero In on Digital Collaboration

Bank Innovation

Capital One Financial has reportedly acquired Walmart's card receivables, the bank's chairman and CEO, Richard Fairbank, said yesterday. Terms of the transaction were not disclosed.

Things worth reading: 24th January 2019

Chris Skinner

Snapshot: Data Scientist Salaries and Jobs in Europe

Dataconomy

Here is what a recent report says about job opportunities for Data Scientists across Europe including salaries and benefits, job motivations, programming languages used, tech skills and what people want most from their work.

Data 112

How Inefficient B2B Payments Systems Hobble Business Growth

PYMNTS

Business confidence remains strong in the U.S., riding on the optimism of a strengthening economy that brings new opportunity for revenue growth.

System 266

Apple Pay Trending Up as Target, Other Retailers Add Payment Option

Bank Innovation

Apple Pay was trending across social media today on news the payment option will soon be accepted at Target, Taco Bell and other major U.S. retailers. According to Apple, 74 of the top 100 U.S. merchants now accept Apple Pay.

Apple 141

The Finanser’s Week: 13th January – 20th January 2019

Chris Skinner

The main blog headlines are … The new FinTech bank 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.

Maine 206

Fiserv to buy First Data – the biggest fintech deal of 2019

Gonzobanker

Fiserv acquiring First Data Corporation is a huge deal in the fintech world. This deal impacts not just the payments space but the whole financial services ecosystem, and the implications will take a while to unpack.

Data 111

JPMorgan To Issue Virtual Cards In Coupa Pay

PYMNTS

Coupa has announced another bank partner to join its recently launched suite of B2B payments solutions known as Coupa Pay. Coupa Software and JPMorgan announced on Tuesday (Jan.

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Will Special Features Be the Differentiator in Mobile Banking?

Bank Innovation

Are traditional banking services just table stakes in the digital age? Digital banking startups like Cogni, a New York-based firm that wants to be a one-stop shop for "lifestyle banking," are counting on curation of such features as personal financial management tools doing the heavy lifting.

Mobile 141

Things worth reading: 25th January 2019

Chris Skinner

Things we’re reading today include … House Democrats zero in on Deutsche Bank Barclays executive said bank ‘dead’ without Qatari funds, court told ‘If Urban Outfitters did banking’: could zumba and coffee save the dying bank branch?

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3D Secure : Getting Ready for Strong Customer Authentication

Mobile Payments Today

The RTS Strong Customer Authentication Guidelines will come into force in Europe in 2019. FSS Secure3D can help you get ready

Pawn Shops, Payday Lenders Benefit From Gov’t Shutdown

PYMNTS

The partial government shutdown, which is now in its fourth week with no sign of ending, is helping out at least two industries: pawn shops and payday lenders.

IBM Signs On to Sponsor Bank Innovation Ignite

Bank Innovation

IBM, one of the world’s largest technology companies, has agreed to sponsor Bank Innovation Ignite, which explores new ideas and technologies needed to push banking forward.

Things worth reading: 23rd January 2019

Chris Skinner

US 190

Elevate the Customer Experience

Mobile Payments Today

Two Events. One Goal – Elevate the Customer Experience. We bringing two leading customer experience events to one place! The Interactive Customer Experience Summit is about looking at the interactive tech that is elevating the customer experience. CONNECT: The Mobile CX Summit is about learning how mobile has helped to boost customer experience

No Pain, No Gain? GDPR, PSD2 And The New Payments Reality

PYMNTS

INV Opens Demo Day to FI Attendees at Bank Innovation Ignite

Bank Innovation

INV Fintech, the technology accelerator run in partnership with Fiserv, has opened its Demo Day event to financial institution executives attending Bank Innovation Ignite. Previously, only INV Fintech members were permitted to attend Demo Day on March 11 in Seattle.

Things worth reading: 22nd January 2019

Chris Skinner

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How To Optimize Loan Performance

CU Direct

Rapid growth in credit union indirect lending programs has triggered more examiner scrutiny and additional emphasis on the performance of these programs.

How To 130