Sat.Apr 27, 2019 - Fri.May 03, 2019

Banking in the Cloud

Chris Skinner

One of the surprises I have had in my discussions with banks that are doing digital well, is how all of them seem profoundly committed to cloud-computing.

Should your business upgrade to a modern payment system?

Mobile Payments Today

Retailers need to consider shedding their legacy POS systems to enable mobile payment acceptance, business analytics, EMV security and better inventory management

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IBM and Thomson Reuters join forces to simplify how financial institutions tackle regulatory compliance challenges

Insights on Business

In the financial services industry in the United States, one thing remains constant – change. Whether policy makers are encouraging deregulation, or increasing regulatory requirements, regulatory change has been a constant. As recently as two weeks ago, the U.S.

Fintech and Blockchain: Where Silicon Alley Meets Hyperconverged Infrastructure

Bank Innovation

You may not have heard of the term “Silicon Alley,” but I am sure you are aware of the game-changing financial technology that is emanating from it. Silicon Alley” was initially coined in the mid-1990s as a way to group media startups housed around the Flatiron neighborhood of Manhattan.

200 currencies and 30,000 banks … are they really needed?

Chris Skinner

As I travel non-stop, I have one trusty little zip-bag in my travel case. It’s a zip-bag full of cables and converters, mainly to keep my phone fully charged all the time. Plug converters for America, Europe, UK and Australia, and cable converters between Apple and non-Apple products.

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Restaurants, retailers rethink cashless as financial inclusion takes center stage

Mobile Payments Today

Retailers and restaurants are reconsidering their payment policies as cities and states continue to push for legislation that would require merchants to accept cash

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Taking a risk-based approach to compliance management

Insights on Business

While deregulation has been a trend over the past few years, compliance monitoring and regulatory change management remains a top focus for financial institutions of all sizes.

More Trending

How will UK FinTech fare in the future?

Chris Skinner

I just chaired a nice session at the Innovate Finance Global Summit (IFGS) focused upon the future of UK FinTech. For some reason, the question they asked us to focus upon was: What is holding the UK back in the global investment landscape?

Growing payments in Southeast Asia amid a dominant Chinese e-commerce market

Mobile Payments Today

Southeast Asian countries face unique challenges in terms of growing a payments ecosystem amid Chinese dominance of the e-commerce space

Mastercard Heaps On New Offerings for Small Businesses

Bank Innovation

Mastercard today introduced a suite of digital offerings for small business owners who are Mastercard Business and World Elite cardholders.

Fundbox, Brandwise Execs: How Net 60 Helps B2B – And Why They’re Joining Forces  

PYMNTS

B2B payments are mired in delays, in errors, in an imbalance in funds flow and credit terms. Simply put, buyers stretch out payments and suppliers play the waiting game – at least as well as it can be played with checks and cards. The result is a cash flow crunch.

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Smile to pay … and cry for credit

Chris Skinner

There were two headlines recently that arrived side-by-side: Will telephone bank passwords become obsolete? Does my new biometric bank card really mean the death of the Pin?

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Has GRC reached its tipping point? Observations from the front lines

Insights on Business

As a products organization, we have the good fortune of working with exceptional clients, industry analysts, market research teams and business partners.

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Banking Hurtles Toward Ethically Problematic Credit Decisioning

Bank Innovation

The paramount technology objective today in banking is the implementation of artificial intelligence to enhance customer experience, products and, in turn, financial results, for both consumers and financial institutions.

The High Price Of API Avoidance

PYMNTS

Keeping global commerce moving requires rapid-fire, cross-border B2B payments. As financial institutions (FIs) and other corporates seek to keep pace, many are turning to application program interfaces (APIs) to help.

Cloud sense … dollars and cents

Chris Skinner

Talking of cloud computing, I’ve spent years backing up my various PCs and photo libraries. Invariably, a labour of love, I didn’t trust public cloud services like Google and Microsoft to look after my stuff properly. Then, gradually, over time, more and more of my stuff has moved online.

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Rebeca Romero Rainey: The future is bright

Independent Banker

“The future is bright, and the opportunities for growth are endless.”. I had the opportunity to read this month’s cover story ahead of writing my column. I’m so glad that I did. I was blown away by the incredible community banks that are featured, and I have a feeling you’ll feel the same way!

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Banking Hurtles Toward Ethically Dubious Credit Decisioning

Bank Innovation

The paramount technology objective today in banking is the implementation of artificial intelligence to enhance customer experience, products and, in turn, financial results, for both consumers and financial institutions.

In India, Faster Payments Deliver ‘Instant Gratification’ To Migrants

PYMNTS

Migrants make up a substantial portion of the economy in India. By some recent accounts , more than 100 million migrants are participating in the nation’s workforce — one-fifth of the nation’s workforce.

Things worth reading: May 3rd 2019

Chris Skinner

Reinventing the client advisor interaction model is the future of wealth management

Insights on Business

As the rise of digitalization continues to transform wealth management, and firms attempt to keep pace, the ways in which financial advisors and clients interact are evolving as well.

BNY Mellon’s recent hires tasked with pursuing 3 key technology areas

Bank Innovation

BNY Mellon's three key financial technology executives added last month were given the directive to pursue investments and fintech partnerships in natural language processing, rule-based automation systems and robotic process automation (RPA), Bank Innovation has learned.

SWIFT Rolls Out Cloud-Based Payment Investigation, Resolution Service

PYMNTS

SWIFT is expanding its network-wide payments validation toolkit, announcing Thursday (May 2) a new “in-flight” cloud-based payment investigation and resolution service. In a press release, SWIFT said the new feature allows for dynamic query handling between banks on the SWIFT network.

The Finanser’s Week: 22nd April – 28th April 2019

Chris Skinner

The main blog headlines are … Doing good for society and the planet (an Earth Day FinTech update) It was Earth Day on Monday, and a national holiday in many nations as they observed what Christians call Easter.

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The Canadian payments ecosystem is at an inflection point

Insights on Business

As the payments ecosystem in Canada continues to expand and evolve, IBM is looking forward to participating with industry leaders, innovators and challengers at the upcoming the Payments Canada Summit , taking place in Toronto on May 14-16, 2019.

Blockchain Adopted by Canadian Banks to Verify Client Identities

Bank Innovation

Canada is making a big leap in modernizing identity verification, tapping blockchain technology to let consumers digitally prove who they are to securely access banking and other personal services. SecureKey Technologies Inc.’s s Verified.Me

Deep Dive: Making Instant Payment Schemes Universal And Interoperable

PYMNTS

Many countries around the world are rolling out instant payments schemes that bring speed and convenience to payments made within their own borders. Unfortunately, those benefits are often limited when it comes to cross-border payments. A London-based manufacturer can’t rely on the U.K.’s

Things worth reading: 30th April 2019

Chris Skinner

General Motors is shifting gears with powerful GRC technology

Insights on Business

Bank of America Revising New App to Bolster Small Biz Client Base

Bank Innovation

Bank of America has a new source of small business data.

How To Motivate FinServ To Take Action On Cybersecurity

PYMNTS

To those who understand the importance of cybersecurity, and the monumental risks that growing cyberthreats impose on organizations, safeguarding systems and data may be assumed to go hand in hand with digital transformation.

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Things worth reading: 2nd May 2019

Chris Skinner

Bank consumer survey: Canter closer in step with markets of one

Accenture

A tale is told of a man riding a horse that is galloping very quickly. Another man, standing alongside the road, yells to him, “Where are you going?” ” The rider yells back, “I don’t know. Ask the horse!” ” Read the report.

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Bankers Acknowledge That They Need to Help Consumers on Financial Health, Report Finds

Bank Innovation

For banks, improving their customers' financial health is not just good business. It is imperative. A new survey found that 69% of bank executives agree that helping customers improve their financial health can increase customer engagement and boost customer loyalty for banks.

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Airlines Say Wheels Up To Pay-By-Bank Payments

PYMNTS

Payments don’t always have to be just about the cards.

Things worth reading: 29th April 2019

Chris Skinner

Things we’re reading today include … Barclays’ investment bankers have fallen out of the Premier League RBS begins global hunt for CEO to replace McEwan Brexit will slow UK economy for rest of 2019, forecaster warns Is a cheaper but longer mortgage worth it to get on the ladder?

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I only have cash — but for how much longer?

ATM Marketplace

It looks like cash is putting up a fight after all. Should we be surprised

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