Chris Skinner
OCTOBER 31, 2016
I know I talk about banking and technology most of the time, but I also have other topics of interest. Art, history, travel, fine wine … although I obviously look at them all from a banker’s point of view and wonder what it’s worth. All that said, one of the biggest areas of surprise in … The post A glimpse of the future, part one appeared first on Chris Skinner's blog.
Payments Dive
NOVEMBER 1, 2016
Theresa McEndree, vice president of marketing at Blackhawk Engagement Solutions, discusses how retailers are beginning to leverage egifts for more than just products to sell and are incorporating them into reward and rebate programs
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Bank Innovation
NOVEMBER 1, 2016
For a long time, startups had to learn how big companies do business planning. Now the flow is reversing and we see management consulting organizations pitch methodologies to big companies that have come from the start up world. Now that software is eating the world, big companies seek to understand Read More.
South State Correspondent
NOVEMBER 2, 2016
Given that our latest TV obsession is Westworld and that we are focused on innovation, it was with great interest last week that we learned that the OCC is prepping to open a “Responsible Innovation Office.” This makes sense because not only do we need help with fintech, but someone needs to explain the time/space continuum, why there is a player piano in every episode and about a dozen of other plot points of the hit HBO series.
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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
NOVEMBER 1, 2016
As mentioned yesterday, there’s a big question about what all of this means for financial service. You may not have asked those questions but if life sciences allows people to live for 150 years or more; if babies can be born without defects; if you can design yourself to be whatever you want to be; … The post A glimpse of the future, part two – 70 is the new 30 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
NOVEMBER 3, 2016
If there’s one social platform out there that just might be able to steal e-commerce business away from Amazon, it’s Instagram–a visual, highly interactive and personalized platform that just added the ability for users to shop. This comes very soon after its parent company, Facebook, launched its own e-commerce marketplace, called Read More.
PYMNTS
NOVEMBER 1, 2016
Investment bankers in Hong Kong were tricked out of millions of dollars by a cash-advance business called Global Merchant Funding (GMF). According to Bloomberg , smooth-talking fraudster Avery Stone and his partners at GMF convinced bankers from prominent international banks to invest in the business to the tune of $32.5 million before disappearing. “This isn’t a deal that went bad; these guys systematically preyed off their friends,” Thomas Gallagher, a GMF investor, told Bloomberg.
Chris Skinner
NOVEMBER 3, 2016
I’ve talked often and in depth about the internet of things and how this affects banking. In the near future, when each of us has five, six, eight, ten things on the internet, we will be seeing a world where trillions of transactions take place amongst billions of things in real-time, not-stop and in very small … The post A glimpse into the future, part four: the internet of everything appeared first on Chris Skinner's blog.
Payments Dive
NOVEMBER 4, 2016
André Stoorvogel, head of marketing at Rambus Bell ID, provides us with his thoughts on the industry after another Money20/20 conference.
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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
NOVEMBER 2, 2016
Security provider InAuth just announced a partnership with Zelle—the old clearXchange, for those who are still not used to the rebrand —in order to provide better mobile security on the Zelle app when it’s launched sometime in the first six months of 2017. “Knowing what the [mobile] network operators know Read More.
Celent Banking
NOVEMBER 2, 2016
At Celent we take a very customer-centric view of the banking experience. My husband and I recently relocated and bought a new house. As first-time home buyers, we were nervous about the biggest purchase of our lives. Where do we start? How much will it cost? How do we know what type of loan is right for us? Before I start, there a few things you should know about us.
Chris Skinner
NOVEMBER 2, 2016
We talk a lot about the Internet of Things (IoT) and have been for a while. Most of us probably don’t see much of it yet. OK, so we have a smartphone but what other smart things do you have? Maybe if you’re in America, you have NEST, Alexa and a Tesla, so you’ve get … The post A glimpse of the future, part three: the internet of things appeared first on Chris Skinner's blog.
Payments Dive
NOVEMBER 3, 2016
It's time for a look back at October's most-read articles on Mobile Payments Today.
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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.
PYMNTS
OCTOBER 31, 2016
American consumers have big plans for the holiday season when it comes to their shopping, according to a report. A new survey by Deloitte revealed that 50 percent of shoppers plan to shop online for their holiday gifts, spending roughly half (47 percent) of their budget online. More than 5,000 consumers in the U.S. were surveyed, and the research showed that physical stores are not likely to see a surge in traffic. “Retailers must cater to that digital mindset long before someone walks int
Celent Banking
NOVEMBER 4, 2016
It’s remarkable that in just five years Money 20/20 has gone from a standing start to having about 11,000 [sic – you read that right] registrants. We go to many conferences throughout the course of the year, and the growth in Money 20/20 is unprecedented in the financial services space (as the chart shows). We’ve used data from sponsors and from blogs to assemble the numbers below; there’s no doubt that Money 20/20 is now the 800 pound gorilla in the space.
Chris Skinner
OCTOBER 30, 2016
The main blog posts this week are … A world turned on its head 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, … The post The Finanser’s Week: 24th October – 30th October 2016 appeared first on Chris Skinner's blog.
Bobsguide
NOVEMBER 2, 2016
The pressure to digitise financial products and services and, therefore, on the institutions that provide them, is both relentless and urgent. According to americansecuritytoday.com, four of the ten top retail banks will be displaced by digital disruption in the next three years. McKinsey research.
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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.
PYMNTS
NOVEMBER 4, 2016
The seed of FinTech innovation often comes from a desire to do things differently. In B2B payments, that can mean discontent in the way traditional banks and FIs do business or a need for disruptive technologies to come to market faster than banks can offer. But as finance and payments tech expands, these traditional FIs are learning that perhaps the best way to meet the demands of their corporate clients isn’t to compete with FinTech innovators but to collaborate with them.
Insights on Business
OCTOBER 31, 2016
Preface: Per IBM’s 2015 C-Suite study, “…CxOs believe technology and market factors are by far the biggest of the various external forces buffeting their organizations. CEOs put technology at the top of the list, as they have for the past four years.
Chris Skinner
OCTOBER 30, 2016
Things we’re reading today include … Mark Carney expected to stay on as Governor of the Bank of England Jersey’s financiers offer UK help on accessing EU post-Brexit Is the global fight against dirty money finally seeing results? European banks trapped in downward spiral, says KPMG report The Bank of England cannot keep interest levels … The post Things worth reading: 31st October 2016 appeared first on Chris Skinner's blog.
Bobsguide
NOVEMBER 3, 2016
As I’m leaving the stage and the buzz from the adrenaline is wearing off, it strikes me. Maybe that’s it! Could it be that “the Cloud” is the biggest product naming failure in the history of computer technology? I was on stage at Google Next, Google’s developer.
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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.
PYMNTS
NOVEMBER 2, 2016
Given the price tag on the Jet.com acquisition, it comes as no surprise that big changes are coming to Walmart’s eCommerce operations; firms generally don’t pay $3 billion for something and then make no changes to accommodate the purchase. And those changes are becoming evident as Jet’s Marc Lore takes the helm at Walmart eCommerce and a host of e-commerce executives are leaving the firm.
Payments Source
OCTOBER 31, 2016
The race to dominate person-to-person transfers has been a curious one so far, because P-to-P typically isn’t a money-maker for banks or even for PayPal, whose Venmo unit is generating red-hot growth this year in the category.
Chris Skinner
NOVEMBER 4, 2016
Well, finally we get to the part of this series I’ve been looking forward to writing about the most: space. No longer the final frontier as we’re conquering space fast. From landing explorers on Mars to capturing amazing images of Pluto, we have begun our journey to boldly go where no one has gone before. … The post A glimpse into the future, part five: space appeared first on Chris Skinner's blog.
Bobsguide
OCTOBER 31, 2016
Weak economic growth and global insecurity due to the impact of Brexit are contributing to a climate of general business uncertainty. In this context, it isn’t surprising to find that Deloitte’s 2016 CFO Survey shows a shift to defensive strategies on the part of chief financial officers.
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