Chris Skinner
NOVEMBER 23, 2016
An interesting week as R3 goes through restructuring. Santander and Goldman Sachs leave and the Monetary Authority of Singapore, a regulator, join. Interesting. Since R3 arrived on the scene in 2014, it has been a train of technology. The consortium started on September 15, 2015 with 9 financial companies: Barclays, BBVA, Commonwealth Bank of Australia, … The post R3 in bumpy waters appeared first on Chris Skinner's blog.
Payments Dive
NOVEMBER 22, 2016
Tony Rose, the director of mobile product management for Vantiv, discusses how rewards might be the best way to attract this demographic to use their smartphones to pay.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Bank Innovation
NOVEMBER 22, 2016
Payments company Dwolla recently surprised much of the fintech world by announcing it was stepping back from the consumer business to focus on its B2B, API-based model. Or maybe it wasn’t so surprising. It’s no secret it’s hard to scale fintech companies — unless consumers are rich, money isn’t fun, and people Read More.
South State Correspondent
NOVEMBER 22, 2016
The reality is that the last two months of the year are among the worst to market a bank brand or product. People don’t seem to care and with all the retailers running ads for the holiday season, advertising is crowded and expensive. This is why we dramatically reduce marketing for the last two months of the year.
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
Chris Skinner
NOVEMBER 24, 2016
Bye bye banking job for life Many of the banking folk I meet have been with the bank as man and boy, woman and girl. It’s a job for life. Funnily enough, I’ve never known one of those jobs. I guess it’s because I work in tech, and many of the tech firms I’ve worked … The post Reboot the bank’s boardroom NOW! 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 22, 2016
Scanning a thumbprint to access your bank account seems completely safe, right? Well, a notorious German hacker names Jan Krisller – a.k.a. Starbug – demonstrated how easy it is to duplicate a fingerprint or even an iris, using a high-res photo. He used Angela Merkel’s photo. Other hacks have foiled fingerprint Read More.
PYMNTS
NOVEMBER 22, 2016
Bitcoin wallet iPayYou continues to work toward a future with bitcoin as the default currency. It was just announced that iPayYou has made a way for consumers to pay for items on Amazon with bitcoin, called Amazon Direct. Now iPayYou users can transfer any amount of bitcoin from their bitcoin wallet to Amazon. Customers can use the Amazon Direct tab to the iPayYou platform to determine an amount of bitcoin to transfer and the destination account.
Chris Skinner
NOVEMBER 22, 2016
I’m a big fan of Kraken, the digital currency exchange in California, as it’s my main exchange for investing in digital assets. If you want to know more, checkout their general overview at the end of this blog. I’m also a fan of their blog, which regularly sends me interesting stuff and they’ve just launched … The post Which digital currency will win: bitcoin or ether?
Bobsguide
NOVEMBER 24, 2016
The EU and its market of more than 500 million people is based on the principles of freedom of movement of people, goods, services, and capital across its 28 member states. Important elements that facilitate a free flow of capital have already been put into place. The introduction of the euro as.
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
Bank Innovation
NOVEMBER 21, 2016
The Financial CHOICE Act, proposed by Texas Congressman Jeb Hensarling earlier this year, is a measure aimed at overturning or heavily modifying many of the regulations put in place after the 2008 financial crisis. The act has recently fallen under scrutiny from Wall Street as the president-elect championed a lessening of Read More.
PYMNTS
NOVEMBER 24, 2016
Analysts at Kaspersky Lab have discovered a string of attacks targeting users across Asia and Africa, the company said Wednesday (Nov. 23). Experts have identified cyberattacks that use what’s called a zero-day exploit, a program that allows additional malware to be installed on a device without the user’s knowledge. The attacks are hitting the InPage text editor software used by businesses with employees that speak Urdu and Arabic.
Chris Skinner
NOVEMBER 25, 2016
It was almost December 25, Christmas, and Jimmy Diamond was a happy man for a change. Just this week his bank had opened 100,000 new customer accounts (even though only 25,000 people had visited the bank); they had managed to sneak an extra 1% onto credit card holders balances (without informing most cardholders explicitly of … The post A Banking Carol appeared first on Chris Skinner's blog.
Bobsguide
NOVEMBER 22, 2016
Regulatory compliance dominated IT spending between 2009 and 2015 upon a backdrop of financial crisis, as well as the number of regulations passed during that time. However, firms have now realised that it is also crucial to spend effectively in areas that are critical to business and customer.
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.
Bank Innovation
NOVEMBER 23, 2016
London is a bustling metropolis of commerce, thought of as a titan of industry and innovation—no matter what industry is under discussion. However, recent economic concerns, most notably the effects of the Brexit on business sectors including fintech, have led some to suggest that the city is no longer the Read More.
PYMNTS
NOVEMBER 21, 2016
Fact. Digital commerce has been a reality for more than two decades. Fact. The launch of the iPhone in 2007 and the App Store in 2008 opened everyone’s eyes to the impact that mobile would have on payments and commerce. Fact. Twenty years and hundreds of millions of smartphones later, the digital payments experience is anything but consistent anywhere — online, in-store and in-app.
Chris Skinner
NOVEMBER 21, 2016
So here’s a story you’re gonna love. I did an American friend a favour and, to say thank you, they sent me $500 in the post in the form of a travelers cheque. Really generous, thank you, but what the hell is a travelers cheque? I vaguely remember them, but weren’t they eradicated in the … The post American Express … and the Book of Mormon appeared first on Chris Skinner's blog.
Bobsguide
NOVEMBER 21, 2016
Brexit means Brexit, as it has been said, and for fintech firms, that means a significant reduction in funding since the referendum in June. Britain has seen 30 fintech start-ups have their funding pulled, a significant event that has left many questioning the long-term validity of Britain.
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.
Bank Innovation
NOVEMBER 24, 2016
Challenger banks start from a pretty grim position – most of them don’t have any customers. So how are they scaling? Well, whatever they do, it’s important they consider the word scale from both a backend operational perspective and a frontend on-boarding perspective. My view is the most brilliant challenger Read More.
PYMNTS
NOVEMBER 22, 2016
Visa said Monday (Nov. 21) that its latest chip data update showed 388 million Visa EMV cards in the U.S. Of those, the firm said there are nearly 181 million chip credit cards in the field and 208.3 million chip debit cards. The firm also said that there are 1.7 million chip-active locations across the country. The 1.7 million tally, up 191 percent in the past year, represents 37 percent of all storefronts nationwide, according to Visa’s statistics.
Chris Skinner
NOVEMBER 23, 2016
Things we’re reading today include … Is the next financial crisis on its way? These new plans for bank reforms in Europe could hit Wall Street lenders Bank executives should be fired for regulatory breaches, says report British taxpayers lose £27bn on bank bailout Middle East bank to launch AI for customer support Paragon Bank … The post Things worth reading: 24th November 2016 appeared first on Chris Skinner's blog.
Bobsguide
NOVEMBER 20, 2016
“The customer is king”: not a new phrase. But a phrase that probably resonates more than ever in the banking and payments sector as traditional boundaries are broken down and there is almost a free-for-all when it comes to competing for customers. Undoubtedly the digital.
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.
Bank Innovation
NOVEMBER 22, 2016
Nearly half the world’s population will be connected to the internet by the end of 2016, according to the annual Measuring the Information Society Report released today by the United Nation’s International Telecommunications Union (ITU). Much of this may be attributable to the rise of mobile penetration, with the ITU Read More.
PYMNTS
NOVEMBER 24, 2016
The U.K. is already a hotbed of FinTech startups, but the government is getting behind it in a bigger way, committing to invest £500,000 a year into financial technology companies. According to a report , the U.K. government is also gearing up to launch a network of regional FinTech envoys as an effort to enhance the country’s status as a leader in FinTech.
Chris Skinner
NOVEMBER 20, 2016
A summary of the main blogs of the week … It’s so easy to hack you, and here’s how It was really interesting listening to Jamie Woodruff, The Ethical Hacker, talking about how he can break into anyone’s system. It’s pretty easy when you know how. His discussion shows just how easy it is, if … The post The Finanser’s Week: 14th November – 20th November 2016 appeared first on Chris Skinner's blog.
Bobsguide
NOVEMBER 22, 2016
Banks and other financial institutions both large and small are finding it tougher to recognise and combat cyber crime, with criminal elements growing increasingly sophisticated in. Kaspersky Lab and B2B International conducted a survey of major financial institutions, with 38 per cent reporting.
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.
Expert insights. Personalized for you.
328 
Let's personalize your content