Chris Skinner
FEBRUARY 28, 2019
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. Equally, some but not all behave in a way which is not aligned … The post Revolut: the growing pains of a FinTech unicorn appeared first on Chris Skinner's blog.
Payments Dive
FEBRUARY 28, 2019
Smartwatches and other wearables are forging new partnerships with payments companies and technology partners, leading to increasing demand in the category.
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Bank Innovation
FEBRUARY 28, 2019
Rob Guilfoyle, CEO of Abe AI, will be speaking at Bank Innovation Ignite 2019 on March 11-12 in Seattle. Guilfoyle will be on the panel titled “The Future of Banking Experience,” where he will address topics such as the role of natural language in customer experience as well as the type of solutions that can […].
PYMNTS
MARCH 1, 2019
Facebook , Telegram and Signal are looking to launch their own cryptocurrencies that will allow users to send money internationally on their messaging systems. Citing various sources with knowledge on the matter, The New York Time s reported that Facebook is currently working on a coin that users of its WhatsApp could instantly send to friends and family.
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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper
Chris Skinner
FEBRUARY 24, 2019
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. In the case of M-PESA in Kenya, there was no method of making payments … The post Infrastructure and Incentive: Making Cashless a Reality appeared first on Chris Skinner's blog.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
FEBRUARY 26, 2019
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. Pullen Daniel, international managing director at nCino, told Bank Innovation the companies are finding increased interest in cloud banking around the […].
PYMNTS
FEBRUARY 27, 2019
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. Sometimes, though, that ideal of speed can and even should take a back seat to content — the type of content designed to pull in sophisticated or specialized consumers, the type of content that can seem out of place during this time of reduced a
Chris Skinner
FEBRUARY 25, 2019
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. How to be a Unicorn (Part One) After announcing a whopping 300M$ D-round at a 2.7 … The post How to be a Unicorn (Part One) appeared first on Chris Skinner's blog.
Payments Dive
FEBRUARY 27, 2019
This case study looks at how Aftonbladet (part of Schibsted Media Group) uses telco solutions for subscriber and revenue growth.
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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202
Bank Innovation
MARCH 1, 2019
Increasing digitization and interconnectivity is driving a rising tide of inherent cyber risk that is particularly high for banks, with a total of $11.3 trillion in rated debt outstanding, according to a Moody’s Investors Service report published Thursday. The risk assessment is based on how reliant a sector is on technology and how much financial […].
PYMNTS
FEBRUARY 24, 2019
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. According to a report in OracleTimes , Mercury FX chief executive Alastair Constance said during the Ripple Regionals 2019, a company event held in London, that it will use xRapid for payments from the U.K. to Canada and the Middle East.
Chris Skinner
FEBRUARY 27, 2019
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. The beauty (and the beast) of … The post How to be a Unicorn (Part Three) appeared first on Chris Skinner's blog.
Payments Source
FEBRUARY 24, 2019
These fintechs know how to have a good time. Novel employee benefits from the companies that made SourceMedia's 2019 list include cooking classes, weekly dance parties and free trips.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Bank Innovation
FEBRUARY 27, 2019
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. Marketplace payments firm Payoneer’s Capital Advance service, now launched in the U.S., provides […].
PYMNTS
FEBRUARY 28, 2019
The Internet of Things (IoT) is about much more than the actual things, of course. All those “smart” appliances, speakers, TVs, vehicles, thermostats and other devices connect to networks and infrastructure in certain ways, with that back-end work a relatively significant source of anxiety in the world of digital payments and commerce. New funding generally targeting those connections, networks and infrastructure — along with fresh PYMNTS research — provide further evidence of the ongoing growth
Chris Skinner
FEBRUARY 26, 2019
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. How to be a Unicorn (Part Two) If you manage to get some investors interested … The post How to be a Unicorn (Part Two) appeared first on Chris Skinner's blog.
Bobsguide
FEBRUARY 28, 2019
Asset management firms need to look at “the sins of the past” when aiming to create new operating models and break down siloed technology in the back office, said Jo Parkhill, CASS consultant at Cashfac, on a panel at the Summit for Asset Management (TSAM) in London this week.
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
Ron Shevelin
FEBRUARY 25, 2019
Insufficient rewards, insufficient PFM features, and insufficient analytics capabilities add up to a credit card that will fail to gain the traction in a competitive market.
PYMNTS
FEBRUARY 26, 2019
AlipayHK users will soon be able to use the service in parts of Japan and Southern China, the company said on Tuesday (Feb. 26). The service will be available next month in the Chinese cities of Shenzhen and Guangzhou, where AlipayHK customers can use their app in any places that accept Alipay, including theme parks, hotels and retail stores. In the Japanese city of Fukuoka, AlipayHK users can shop at the popular department-store chain Daimaru Tenjin.
Chris Skinner
FEBRUARY 23, 2019
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. This is clearly demonstrated in … The post The Finanser’s Week: 18th February – 24th February 2019 appeared first on Chris Skinner's blog.
Insights on Business
FEBRUARY 23, 2019
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. From the open banking regulatory initiatives in the UK and Europe to the opensource, hybrid cloud strategies that are quickly becoming industry standards, financial services institutions are primed for broad, enterprise scale transformation.
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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.
Bobsguide
FEBRUARY 28, 2019
Significant issues remain in the disclosure of cost calculations within asset management, according to Nick Miller, head of asset management supervision, at the UK’s Financial Conduct Authority (FCA), at an industry event this week in London. On Thursday, the FCA called on firms to act.
PYMNTS
FEBRUARY 26, 2019
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. Yet subscription eCommerce is still a youthful industry, one that, in the words of Emma Clark, chief of staff at Recurly , “is maturing,” with the lessons learned along the way set to influence the next generation of those increasingly popular retail offerings.
Gonzobanker
FEBRUARY 26, 2019
“There are startups that want to destroy banks and startups that want banks to buy their software. Luckily for the banks, there are many more of the latter than the former.” – Bank Innovation. If you want to know what’s really going on in an industry, follow the money. Money talks. Recent fintech deals across digital, lending, payments and infrastructure are telling a big story.
Payments Source
FEBRUARY 25, 2019
The health care industry yearns for a digital antidote to paper payments, a challenge that awaits an executive who has spent years bringing businesses into the digital light.
Advertiser: Data Robot
The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.
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