Sat.Feb 23, 2019 - Fri.Mar 01, 2019

Revolut: the growing pains of a FinTech unicorn

Chris Skinner

One of the things I say fairly often is that the FinTech start-up community is fairly naïve. Not all, but many, do not understand the nuances of finance and why it is regulated the way it is.

For eCommerce Content, It’s Experiences Over Speed

PYMNTS

Among the main virtues of this golden era of eCommerce and digital payments is speed. Seemingly instant access to extremely specific product pages. Quick browsing. Fast checkout and transactions — the fewer buttons the better. Have-it-yesterday delivery.

Calling the true innovators: Venture into the future of financial services

Insights on Business

Three years ago, banks were looking at fintechs with a wary eye. Two years ago, they were appointing chief innovation officers to dip their toes in with proof-of-concept projects or in-house incubators. Now, they are all in.

Rob Guilfoyle, CEO of Abe AI, Joins Speaker Faculty of Bank Innovation Ignite

Bank Innovation

Rob Guilfoyle, CEO of Abe AI, will be speaking at Bank Innovation Ignite 2019 on March 11-12 in Seattle.

Infrastructure and Incentive: Making Cashless a Reality

Chris Skinner

I often reflect on how quickly China is moving towards being cashless, as are parts of Africa and much of India. I then realised that it is a strong mix of simple infrastructure and strong incentive.

Facebook Working On WhatsApp P2P Digital Currency

PYMNTS

Facebook , Telegram and Signal are looking to launch their own cryptocurrencies that will allow users to send money internationally on their messaging systems.

Wearables forge new payment partnerships, see strong demand

Mobile Payments Today

Smartwatches and other wearables are forging new partnerships with payments companies and technology partners, leading to increasing demand in the category

More Trending

How to be a Unicorn (Part One)

Chris Skinner

Marko Wenthin, co-founder of solarisBank, recently contributed to my blog and, as a mate, has sent some great insights about starting up a FinTech firm which I thought I would share of FinTech banks last week.

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Ripple Expands Into Middle East, Canada

PYMNTS

Mercury FX , the international currency exchange provider, is reportedly relying on Ripple’s XRP xRapid to open up ten new payment corridors by the middle point of this year.

Rebeca Romero Rainey: See you at ICBA LIVE

Independent Banker

. “Tim Zimmerman embodies what it means to be a community banker.”. I’m looking forward to seeing you at ICBA LIVE 2019! We’ve been working hard to ensure this year’s convention is the best yet.

Accenture, nCino Make Global Push to Get More FIs in the Cloud

Bank Innovation

Consulting giant Accenture and cloud banking firm nCino are expanding the scope of their partnership beyond North America to get more financial institutions in the Asia-Pacific and EMEA markets up and running in the cloud.

How to be a Unicorn (Part Three)

Chris Skinner

Marko Wenthin is contributing this week. He began with funding and then moved on to the issues you face once you secure that funding. In this final part, he focuses upon why it may be better to focus upon B2B2C, rather than just B2C.

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As The IoT Grows, Can It Overcome Security Problems?

PYMNTS

The Internet of Things (IoT) is about much more than the actual things, of course.

IBM Cloud offers Immutable Object Storage to help Finance industry meet records retention

Insights on Business

In the Financial Services industry, a range of businesses including banks, insurance companies, securities trading organizations, and capital market clients are required to comply with regulations that include information governance and stringent records retention requirements.

Fintechs Cater to E-Commerce Businesses with New Products, Services

Bank Innovation

Two fintechs announced new products and services this week geared toward e-commerce sellers, pointing to gaps in offerings from banks and legacy card companies to provide seamless, affordable solutions for online-based businesses looking to scale up quickly or stock up for busier seasons.

How to be a Unicorn (Part Two)

Chris Skinner

As mentioned yesterday, Marko Wenthin is contributing this week on how to become a FinTech unicorn. In Part One, he talked about fund raising. In part two, he focuses upon the challenges that then follow.

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AlipayHK Expands With Cross-Border Payments To Japan And Greater Bay Area

PYMNTS

AlipayHK users will soon be able to use the service in parts of Japan and Southern China, the company said on Tuesday (Feb.

The problem of calculating dynamic initial margin

Insights on Business

The requirement for financial institutions to calculate dynamic initial margin is driven mainly by regulation.

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Plaid Team Multiplies as Sales Model Comes into Focus

Bank Innovation

Fintech Plaid is in massive-growth mode. By yearend, the company has plans to get to 600 employees from 300, Charley Ma, general growth manager at Plaid, said at a Meetup last night presented by Bank Innovation and INV Fintech.

The Finanser’s Week: 18th February – 24th February 2019

Chris Skinner

The main blog headlines are … Technology is business 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.

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How Payments Have Ignited Subscription eCommerce

PYMNTS

Subscription commerce has come a long way since book-of-the-month clubs and those record and cassette retailers that tempted teenagers with seeming impossible introductory deals.

Walmart opens a window to its digital transformation

Mobile Payments Today

Walmart CTO Jeremy King gave some insight on how the big box retailer adjusted its business model to compete in an omnichannel environment

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Klarna Ups Revenue But Growth in Merchants Joining Startup Slows

Bank Innovation

Payments company Klarna Bank AB grew revenue by about a third in 2018, but operating income fell and the speed at which merchants are signing up to the platform slowed.

Things worth reading: 27th February 2019

Chris Skinner

Things we’re reading today include … Exclusive: HSBC probe helped lead to U.S.

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Equifax Chief Hit By Identity Theft Three Times

PYMNTS

Equifax CEO Mark Begor revealed that he has been the victim of identity theft three times in the past 10 years during a privacy hearing on Tuesday (February 26). Begor made the confession after U.S.

24 Lessons From Warren Buffett’s Annual Letters To Shareholders

CB Insights

At the age of 26, Nebraska stockbroker and school teacher named Warren Buffett took his “retirement fund” of $174,000 and decided to start his own investment business. Two decades later, he was a billionaire.

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Low Checking Account Rates Give Neobanks a Competitive Edge

Bank Innovation

Digital-only banks have lower operational costs than traditional banks, which have both digital and physical branches. These traditional banks often charge customer fees as a way to make up for these expenses. Recently, banks have upped their fees on branch-based checkings and savings.

How machine learning can drive retail success

Dataconomy

After retailers suffered a bad year with bankruptcies, store closures and lower store footfall, we discuss why now is the time for retailers to invest in data and advanced technologies to boost consumer relations. Bricks and mortar retailers would sooner forget 2018. The year that brought 16 U.S.

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Tesla Plans Move To eCommerce Sales Model

PYMNTS

In an effort to transition to an eCommerce sales platform, Tesla announced its move to an online-only sales model. The company’s CEO, Elon Musk, noted that the move would lower costs and enable the Model 3 to arrive on the market, CNET reported.

14 European Companies That Became Unicorns In 2018

CB Insights

European unicorns, or private companies valued at $1B+, make up about 11% of the total number of unicorns around the world. Check out our real-time Unicorn Tracker for a full list.). In 2018, 14 European startups reached unicorn status, led by Roivant Sciences with its $7B valuation.

JPMorgan to Up Tech Spending as Higher Rates Boost Revenue

Bank Innovation

JPMorgan Chase & Co. said it expects to spend much of the windfall from higher interest rates on technology investments and expanding its branch network as the firm laid out its goals for 2019.

Aftonbladet & Fortumo case study: direct carrier billing for digital publishers

Mobile Payments Today

This case study looks at how Aftonbladet (part of Schibsted Media Group) uses telco solutions for subscriber and revenue growth

How FinTech Companies Inspire Africa With Mobile Technology

PYMNTS

With the potential for rapid growth and job creation, FinTech firms in Africa have caught the attention of global investors.

IBM is a strong performer in The Forrester Wave™: Sales Performance Management Solutions, Q1 2019

Insights on Business

Forrester Research, one of America’s preeminent market research organizations, has included IBM as one of the “most significant” and also as one of the “eight providers that matter most” in its 2019 evaluation of sales performance management (SPM) solutions.

Gemalto to Offer Biometric Payment Cards to Banks, Where Adoption has Lagged

Bank Innovation

Security firm Gemalto will offer biometric EMV payment cards to its bank customers using biometric company Fingerprint Cards’ T-Shape sensor and licensing its recently-launched Biometric Software Platform for payments.

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The Future of Fintech Video Series: NTT Data

Mobile Payments Today

NTT Data Services’ Sean Breen discusses some of the challenges facing banks when it comes to the customer experience

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Kroger Widens Ban On Visa Credit Cards

PYMNTS

Supermarket firm Kroger has expanded its ban on accepting Visa credit cards, stating on Friday (March 1) that its Smith’s Food and Drug unit will stop offering that payment option beginning April 3.

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