Sat.Mar 09, 2019 - Fri.Mar 15, 2019

What does the #Brexit vote mean for banking and fintech?

Chris Skinner

Being British with a British accent, everyone asks me about what life will be like with Brexit … and my answer is that I have no idea. I can see that the country is divided, and we have real issues, but then don’t most countries?

The top five challenges and opportunities for AI in RegTech

Insights on Business

In the span of a just few years, artificial intelligence (AI) has gone from a niche, relatively abstract concept, to entwining itself in multiple aspects of our daily lives.

What's coming with point-of-purchase trends

Mobile Payments Today

Katie Kochelek, marketing specialist at Frank Mayer and Associates, Inc., shares insight on what experts expect to come this year with point-of-purchase

Trends 204

How Wells Fargo Uses AI, Biometrics To Fight Money Laundering

PYMNTS

Digital banking customers of today aren’t looking for the bank with the newest features — they’re looking for the bank that can keep their data safe. Any security mishap can send customers to one of the other digital banking apps that are ready and waiting for them.

Will Facebook become the world’s central bank?

Chris Skinner

I got a large number of pings over the weekend to read and comment on an article on Medium by Lance Ng headlined: Facebook Plans to Become World’s Biggest Central Bank?

Lessons learned from recent incentive compensation management war stories

Insights on Business

In my travels to clients, I hear many war stories. Recently, these have come from new clients with recent wounds. These wounds often go deep – there are tales of long days, lost weekends, and swaths of frustrated team members.

Fears of a Fintech Slowdown? How to Pivot Your Brand for a New Era

Bank Innovation

For most of the past decade, the fintech sector seemed to have nothing but blue skies ahead. But over the last 12 months, warnings that first signaled in 2016 have been flashing brighter. CEO scandals, pulled IPOs and sinking stock prices, have taken the luster off previously high-flying brands.

More Trending

Transforming the bank: three phases of change

Chris Skinner

I’ve mentioned quite often that you cannot sort out all of the banks systems and structures overnight. It has to be a slow burn and often takes more than five years. It also appears to take place in three phases. The first phase is to sort out the basics.

System 288

Transforming SPM at the IBM Sales Performance Management Summit London

Insights on Business

Every day, I have the privilege of working with many businesses across Europe. Most of these people have either started or are considering a change around the compensation/reward processes and tools.

BI Ignite 19: People Want People, and AI-enabled Functionality

Bank Innovation

Customers increasingly expect banks and other financial institutions to meet them where they are with full functionality, said panelists at Bank Innovation Ignite 2019 in Seattle on Tuesday.

How Do You Get To A ‘Perfect’ Payments Place?

PYMNTS

Here’s an exercise that may come off as too academic – like a debate over how many angels fit on a pinhead – but is really among the most vital for not only PYMNTS readers, but pretty much any other business operators: What is the perfect payments experience?

Which camp are you in?

Chris Skinner

There are five camps out there. The first is the FinTech camp. This camp sit around the campfire and go “down with banks, down with banks”. They believe banks are out-dated legacy firms who have no idea about the modern age of technology.

Mobilizing customer experience requires new levels of collaboration

Mobile Payments Today

Jim Kander, Spectralink's director of sales, Retail Americas, explains why retailers that are eager to go mobile CX need to do more than simply deploy a mobile device or solution. They'll need to create a more collaborative and customer-centric partnership

3 Notable Fintech Funding Rounds in March

Bank Innovation

Fintech funding is significantly on the rise. CB Insights' 2018 Q4 report showed a $21 billion, or 120% total increase in fintech funding from 2017 to 2018. And already this year, there have been several notable funding rounds.

SWIFT Signals Further Openness To Blockchain?

PYMNTS

The movement to bring blockchain to cross-border payments proceeds apace. Might SWIFT be giving a nod, at least partially, toward the use of distributed ledger technology (DLT)?

What is better: some job or no job?

Chris Skinner

This is an old but true story of my very own. Back in the day, I worked for a computer firm that had a unique piece of hardware and software called the Contents Addressable File Store, or CAFS for short.

Take a risk-based approach to compliance management

Insights on Business

Senior executives at financial services institutions have expressed the need for a stronger link between compliance and risk as stories of improper conduct and regulatory require­ments for AML, sanctions, customer fairness, data protection and privacy continue to dominate the business headlines.

BI Ignite 2019: The Future of Payments is Realtime

Bank Innovation

The need for speed is here to stay. Customer demand is driving FIs to move to a realtime payments system, and quickly, according to panelists at the Bank Innovation Ignite 2019 conference in Seattle this week.

Mastercard: The Why Of The Ethoca Buy

PYMNTS

In eCommerce, friction is a four-letter word. However, friction done right — for the right consumer, for the right transaction, at just the right moment — can actually enhance the consumer experience.

Course 262

Things worth reading: 12th March 2019

Chris Skinner

Things we’re reading today include … Wells Fargo’s CEO says the bank has changed.

Taxes 181

What in the world is blockchain?

Mobile Payments Today

Blockchain, cryptocurrency, bitcoin: These terms can often be highly confusing to those not in some level of the IT industry. Ray Wiley, CEO and co-founder of Hot Head Burritos and Rapid Fired Pizza helped bring some clarity to these topics during a session at the Restaurant Franchising & Innovation Summit

BI Ignite 2019: ID Verification Startup Diro Wins DEMOvation Challenge

Bank Innovation

Identity proofing and verification startup Diro Labs won the DEMOvation Challenge today at Bank Innovation Ignite 2019 in Seattle. In addition to bragging rights, the company will receive admission to the INV Fintech Accelerator and an advertising package on Bank Innovation.

Helping Community Banks Turn On The Innovation Switch

PYMNTS

Innovation has always been important for community banks, but the driving force of digitization over the last decade has greatly sped up the pace, said Kevin Tweddle, chief innovation officer for the Independent Community Bankers of America ( ICBA ).

The Finanser’s Week: 4th March – 10th March 2019

Chris Skinner

The main blog headlines are … It’s only words … why values and missions are questionable I go around a lot of banks and am always struck by their similarities and differences. To be honest, there are more similarities than differences.

Maine 181

Capital optimization for desk restructuring under FRTB

Insights on Business

Earlier this year the Basel Committee published its final of the final (until further notice?) review of the capital requirements for market risk regulations, namely the Fundamental Review of the Trading Book (FRTB).

Using Data Meaningfully on the To-Do Lists of Banks and Fintechs Alike

Bank Innovation

Lisa Frazier, Head of Innovation at Wells Fargo, says the bank wants to use artificial intelligence not just to make their customers' experience smoother and more delightful, but to help them make better financial decisions as well. “It’s

Netherlands Is First EU Country To Release GDPR Fining Policy

PYMNTS

The Dutch Data Protection Authority (DDPA) in the Netherlands has released its own General Data Protection Regulation (GDPR) fining policy, according to reports , and is the first European Union (EU) country to do so.

Things worth reading: 15th March 2019

Chris Skinner

Things we’re reading today include … Top 10 Fintech Companies to Watch in 2019 Berlin’s Bad Bank Idea Cryptocurrencies Pose Risks to Banks, Warns Basel Committee Nine banks win dismissal of Canadian rate-rigging lawsuit in U.S.

AfDB 2019 Annual Meetings set for Malabo, Equatorial Guinea

Bankelele

The African Development Bank, the leading development finance institution on the continent, has announced that it will hold its 2019 series of annual meetings from 11 to 14 June in Malabo.

BI Ignite 2019: HSBC Bank USA’s Innovation Head Prefers Fintech Partners to Building In-house

Bank Innovation

When it comes to innovation, banks in 2019 should look to partner first, buy second and lastly build, Jeremy Balkin, head of innovation at HSBC Bank USA said at BI Ignite 2019 in Seattle earlier this week. It makes more sense for banks to make a strategic investment in fintech companies than to try and build […]. Artificial Intelligence Bank Innovation Ignite 2019 Capital Daily Post 2 Exclusive Open Banking Payments Premium Retail Avant BI Ignite HSBC Bank USA Marstone Remitly Samsung

Sephora Launches Its First Credit Card

PYMNTS

Sephora, the beauty retailer, announced on Thursday (March 14) the launch of a new credit card program. The company said in a press release that starting in the spring, it will offer the Sephora credit card, Sephora Visa® credit card and Sephora Visa Signature® credit card to its retail customers.

Cards 254

Things worth reading: 11th March 2019

Chris Skinner

Cards 173

Jumia IPO – Prospectus Peek

Bankelele

Reading the F-1 filing for Africa Internet Holding GmbH, the Africa e-commerce company that will now be known as Jumia Technologies AG after it applied to list its shares on the New York Stock Exchange (NYSE) under the symbol “JMIA”. Not much about the management at Jumia has been shared since Rocket Internet was dissected in […]. The post Jumia IPO – Prospectus Peek appeared first on Bankelele. eCommerce ESOP Germany Jumia Kenya taxation NYSE Africa Rising

Temenos Sees Cloud Going Mainstream, But Barriers Remain

Bank Innovation

Cloud has taken a really long time to go mainstream, but it's finally getting there, said Emily Steele, President of North America for banking software provider Temenos.

SMB Tax Complexity Preserves Role For The Human Accountant

PYMNTS

Anxieties that automation will replace humans have waned in the accounting sector, as industry players begin to realize that technology can actually help accountants play a more important role for their small business (SMB) customers as advisors and guides, rather than replacing their roles outright.

Taxes 251

Things worth reading: 13th March 2019

Chris Skinner

Things we’re reading today include … For all their high hopes, the challenger banks have finished up on the ropes Why are Banks reluctant to Bank Crypto?

165
165

The United States Of Artificial Intelligence Startups

CB Insights

Funding to artificial intelligence startups is soaring. Last year, VCs invested a record $9.3B into US AI startups — more than 8x funding levels just 5 years ago ($1.1B in 2013).