Chris Skinner

OCTOBER 24, 2016

I spotted a lengthy, but very insightful post, on LinkedIn the other day by Ben Robinson, Chief Strategy and Marketing Officer for Temenos. I don’t usually highlight such pieces, but felt this worth replicating here, and Ben kindly agreed. Enjoy … Four banking business models for the digital age Digitization of the banking industry is … The post Four banking business models for the digital age appeared first on Chris Skinner's blog.

Strategy 414

Strategy Industry Marketing Digital Banking 414

Bank Innovation

OCTOBER 22, 2016

Tim Cook, CEO of Apple, has joined a movement the fintech world is quite familiar with: the drive toward a cashless society. Speaking to the Nikkei Asian Review, Cook noted: We would like to be a catalyst for taking cash out of the system. We don’t think the consumer particularly likes Read More.

Apple 340

Apple Fintech System Online 340

Payments Dive

OCTOBER 27, 2016

Tim Spenny, from GfK Research, believes consumers will gravitate towards Kohl's Pay and make it a success.

Mobile 322

Mobile Payments 322

PYMNTS

OCTOBER 24, 2016

While hacks have been nearly endemic over the last several years, they have, at this point, mostly faded to the level of background noise for the average consumer. Sure, the aftermath of having a card compromised is often annoying and involves changing cards stored in digital wallets and with subscription sites, but consumers know that their bank has their back.

Security 246

Security US Cards Software 246

Advertisement

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

Lending

Chris Skinner

OCTOBER 26, 2016

Back to London after almost a week in Vegas. Amazed I’m still writing. In fact, amazed to be alive as Vegas is one helluva weird old town. As I’m leaving, I’m struck by an observation that has occurred to me before, but hit me big time this week. Europe is boring. America is dull. The … The post A world turned on its head appeared first on Chris Skinner's blog.

America 328

America 328

Payments Dive

OCTOBER 28, 2016

Executives from the card networks gathered in Las Vegas this week at the annual Money20/20 conference to discuss their roles as innovators in today's payments industry.

Las Vegas 246

Las Vegas Cards Company Conference 246

Accenture

OCTOBER 27, 2016

Have you ever sat in front of clients annoyed by the long process they had to go through in order to obtain a loan or mortgage? Probably. Making the procedure faster, simpler and more customer-centric is increasingly perceived as critical. Read more.

Customer Experience 229

Customer Experience Lending Innovation 229

Chris Skinner

OCTOBER 25, 2016

Mid-way through #money2020 and in my fourth back-to-back chat about Fintech and leadership and core systems renewal and machine learning and and and … I am suddenly taken back to my roots. My roots are firmly in data. I guess that’s because I started in technology looking at office automation and workflow, process re-engineering and … The post If the internet giants are the competition, are banks ready to compete?

Leadership 323

Leadership Fintech System Data 323

Bank Innovation

OCTOBER 24, 2016

Today Mastercard announced that it will be partnering with Microsoft, Google, and Samsung in order to integrate its Masterpass network with those digital wallets — so users of Google Wallet, Android Pay, or Samsung Pay can shop online wherever Masterpass is accepted, starting in early 2017. “Once the consumer opts Read More.

Samsung 276

Samsung Google Online Mobile 276

Advertisement

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

Report

Payments Dive

OCTOBER 25, 2016

With this wacky and wild U.S. presidential election season near its end, some executives in the payments industry wonder how the result will affect financial regulations going forward.

Industry 234

Industry US Regulation Payments 234

PYMNTS

OCTOBER 24, 2016

Toasting new employment? Odds are increasingly good that you may be clinking your glass over your latest gig. The number of Americans working gig jobs — or short-term, ad hoc positions — grew at a rate of 50 percent from 2005 to 2010, while the gig economy gained 9.4 million new workers, outpacing the U.S. economy as a whole. But there is still much not known about this rapidly expanding portion of the economy, as the Bureau of Labor Statistics stopped collecting data on gigs in 2005 and won’t b

Survey 191

Survey Study Software Data 191

Chris Skinner

OCTOBER 24, 2016

It’s the end of the first full day of Money 20/20 2016, and it’s been a mixed day starting with a surprisingly packed room for my discussion with Moven, Simple and ING about digital banking. The story of the fish seemed popular (see last week’s blog). Banks are like this fish. @Chris_Skinner #Money2020 pic.twitter.com/iHsR6PiQY7 — … The post Jack Dorsey, Vitalik Buterin, Chris Skinner and all things #Money2020 appeared first on Chris Skinner's blog.

Digital Banking 319

Digital Banking blockchain Technology Fintech 319

Bank Innovation

OCTOBER 28, 2016

Turns out even millennials don’t care that much about mobile payments. According to a report presented by the tech consultancy Accenture at Money20/20, the number of those of us in North America who use our mobile phones to pay at the point of sale hasn’t changed in the slightest since last year, Read More.

Millennials 273

Millennials Mobile Study Payments 273

Advertisement

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.

US

Payments Source

OCTOBER 24, 2016

Money20/20 is the world's biggest, boldest and best event covering payments and financial services innovation for connected commerce at the intersection of mobile, retail, marketing services, data and technology.

Innovation 180

Innovation Retail Mobile Data 180

PYMNTS

OCTOBER 24, 2016

John Sculley, former CEO of Apple, has some advice to offer the big financial services firms facing the big digital transition. Speaking at the annual Money 20/20 conference, Sculley’s message was nothing if not dire — he noted that the incumbent financial services firms are in a big race now, and if they can’t keep pace, they’re going to be nonexistent in short order.

Apple 186

Apple Conference Innovation Google 186

Chris Skinner

OCTOBER 28, 2016

Speaking of Walloons forcing a Byegium from the EU-Canada trade deal leads me to post this thoughtful email I received from Iain Bell, CEO of Quadrant Capital. Iain gives a balanced alternative view to mine, and therefore it is worth a read… I have found your last couple of posts to be quite feisty in fact, … The post #Brexit: a positive force for change appeared first on Chris Skinner's blog.

Capital 310

Capital 310

Bank Innovation

OCTOBER 24, 2016

Third quarter venture capital fundings continued to fall in the third quarter, but there’s a hint of optimism as the year comes to an end and the market for initial public offerings thaws. According to data from KPMG Enterprise and CB Insights, global financings fell 14% in the third quarter from Read More.

Fintech 260

Fintech Capital Data Marketing 260

Advertisement

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.

Lending

Bobsguide

OCTOBER 23, 2016

60% of asset and wealth managers fear losing part of their business to fintech companies, according to PwC’s 2016 Global Fintech Survey. The reality of this fear is being hotly debated in the traditional financial sector currently, as many banking professionals also feel threatened by new.

Management 129

Management Fintech Industry Survey 129

PYMNTS

OCTOBER 24, 2016

Mastercard announced today (Oct. 24) a host of new strategic partnerships to bring online payments capabilities to digital wallets users in the U.S. The company will integrate its digital checkout option, Masterpass , with Android Pay, Samsung Pay and Microsoft Wallet starting early next year. The agreements will allow Mastercard cardholders to use the mobile wallets to shop online at the hundreds of thousands of merchants around the world where Masterpass is accepted.

Samsung 182

Samsung Online Google Innovation 182

Chris Skinner

OCTOBER 23, 2016

The main blog posts this week were … Who owns the customer in the internet of things? I’ve been talking the internet of things for a while as, after all, The ValueWeb is the internet of value that underpins the internet of things. A key concept of the internet of value is how it supports … The post The Finanser’s Week: 17th October – 23rd October 2016 appeared first on Chris Skinner's blog.

Maine 243

Maine 243

Bank Innovation

OCTOBER 26, 2016

LAS VEGAS — Bank of America announced its new chatbot, erica, yesterday at Money20/20 here. Erica should roll out for BofA digital and mobile banking users “late next year,” according to a spokeswoman from the bank. At an event where chatbots were one of the main topics of interest for many of Read More.

Las Vegas 241

Las Vegas Meeting Video Digital Banking 241

Advertisement

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.

Lending

Payments Source

OCTOBER 26, 2016

IBM took the banking world by storm last month when it revealed its planned acquisition of Promontory Financial Group. Now, it has unveiled IBM Pay, a perhaps unexpected and yet unsurprising addition to the technology giant's Watson Commerce unit.

Groups 118

Groups Technology Analytics Mobile 118

PYMNTS

OCTOBER 24, 2016

Coyote, bobcat, armadillo and … human skulls. Perhaps counterintuitively, Skulls Unlimited , a company that sells skulls — yes, animal and human skulls — sees its biggest uptick in purchases closer to Christmas, rather than before Halloween. “This time of year, we start getting in more orders. Halloween, not as much, but most people looking for Halloween decorations quickly realize that we’re not offering skulls for that purpose,” said Josh Villemarette , co-owner and son of the fou

Company 179

Company Oklahoma City Oklahoma Cards 179

Chris Skinner

OCTOBER 26, 2016

Things we’re reading today include … Metro Bank on the cusp of a maiden profit Lenders hurt by low interest rates and tough capital rules, admits Bank of England Santander rattled by EU referendum The new City watchdog will work with the Square Mile, not against it New FCA boss promises an end to the … The post Things worth reading: 27th October 2016 appeared first on Chris Skinner's blog.

Metro 240

Metro Capital 240

Bank Innovation

OCTOBER 28, 2016

This week saw the release of The Fintech 100, a collaborative report put together by H2 Ventures and KPMG. The report takes a global look at the 50 established fintech businesses and 50 emerging stars and is a must read for anyone wanting to understand the industry landscape. Behind lending Read More.

Fintech 230

Fintech Lending Industry Report 230

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.

Marketing