Sat.Nov 03, 2018 - Fri.Nov 09, 2018

SWIFT Disconnects From Iran’s Banks

PYMNTS

Months of geopolitical spats that spanned Europe, the Middle East and the United States have seen payments infrastructure at the center of it all.

Teach children the things that machines cannot learn

Chris Skinner

I often talk about teaching children to learn what machines cannot learn. Our system of education was created in the Industrial Revolution, and is based upon kids being stuffed with facts, stats and dates. They learn to parrot-fashion repeat things, and are tested to see if they can remember.

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Where is the Financial Services Industry in the digital transformation journey?

Insights on Business

At last month’s Money20/20 conference, the event brought over 10,000 people together and hosted speakers from start-up disruptors to incumbent financial institutions, and everything in between. IBM was there in full force. And I had the pleasure of hosting a panel of CEOs three mornings in a row.

Banks team with technology firms: panel cites challenges

Mobile Payments Today

A session at the recent Money20/20 conference in Las Vegas attempted to clarify the roles that technology companies are playing in financial services and how traditional financial institutions are working with them

Bitcoin Daily: Hublot Unveils Bitcoin Watches; Swiss Regulator Throttles Bank Crypto Trading

PYMNTS

Blockchain , the crypto wallet provider, plans to have an airdrop worth $125 million, Fortune reported. Through the cryptocurrency giveaway, each recipient would receive around the equivalent of around $25 in Stellar.

Run the bank or change the bank

Chris Skinner

I was surprised to see that JPMorgan Chase is now hiring people as bankers and, as a mandatory part of their induction programme, they are taught to code.

Uncovering hidden risks behind mirror trades

Insights on Business

Recently, financial institutions have come under fire for a not illegal, but potentially suspicious form of investing.

More Trending

PayPal Working Capital Steps Into Germany

PYMNTS

PayPal is broadening its small business financing offering into the German market, a press release announced on Wednesday (Nov.

How online gaming created a challenger bank

Chris Skinner

I was chairing a panel with a number of different players, one of which was Monzo. Simon Vans-Colina, Monzo’s lead engineer for Open APIs, was talking about their approach to partnering with others in an API ecosystem, including TransferWise and Investec Bank.

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A Guide To Corporate Innovation: 19 Strategies To Drive Innovation Now

CB Insights

After the success of Corporate Innovation Theater , we wanted to issue a more comprehensive guide to corporate innovation. Something actionable and easy to digest.

HSBC Bank teams with Samsung on using smartwatches to boost bank branch interaction

Mobile Payments Today

As part of its retail transformation initiative, HSBC has partnered with Samsung on exploring the use of smartwatches in bank branches

Why Real-Time Payments Need Real-Time Trust

PYMNTS

It can be a moment of anxiety, worry and mistrust: that moment when a digital payment is sent into what was once called the ether. Will the funds end up in the right bank account? Will fraudsters hitch a ride?

Becoming a Digital Bank: the how and why

Chris Skinner

I recently had a chat with Monica Murthy of Empire Startups. Here’s the low-down.

The 31 European Unicorns Ranked By Valuation

CB Insights

European unicorns, or private companies valued at $1B+, make up about 11% of the total number of unicorns around the world. Check out our real-time Unicorn Tracker for a full list.).

More Banking CFOs Take Lead Role in Innovation, Accenture Says

Bank Innovation

A recent survey by Accenture found chief financial officers are taking on expanded roles in helping banks become data-centric and better equipped, in terms of technology, for what will likely be a volatile future.

Billtrust And Visa Launch B2B Payments Platform For Buyers And Suppliers

PYMNTS

Visa and Billtrust today (Nov.

Are You Impacted by 2G and 3G Networks Shutting Down? | POS | Retail | Connectivity | Telecoms | Payments | Customer Service

Mobile Payments Today

As the world embraces 4G technology, operators are turning off 2G and 3G networks to free up resources and reassign spectrum. This infographic gives a quick overview of some of the key countries being affected

Google, Amazon, Facebook, And Apple Are Giving The Beauty Industry A Makeover

CB Insights

Beauty and tech are becoming increasingly intertwined.

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OTP Bank Launches New International Startup Program

Bank Innovation

OTP Bank will launch its second international accelerator program in the first months of next year and is accepting applications from growth-stage startups and scaleups until the end of November.

Overstock Talks Up Its Blockchain-Based Future

PYMNTS

Overstock may be best known as an eCommerce business, but these days its CEO and Founder Patrick Byrne is much more interested in talking about the power of cryptocurrency and blockchain, and how it will be the real future of both the firm and the economy in general.

Blockchain Weekly Front Page: Top VCs investing during crypto bear market

Daily Fintech

Last week our theme was “Bridges across the Chasm to the Pragmatists.” ” Our theme for this week is “Top VCs investing during crypto bear market.” ” For more about the Front Page Weekly CXO Briefing, please click here.

35+ Companies Using Synthetic Biology To Rethink Everything From Plastics To Fabrics To Fertilizers

CB Insights

For thousands of years, humans have harnessed microorganisms to produce valuable byproducts — namely, beer. But thanks to new innovations in gene editing and robotic lab automation, synthetic biology is enabling completely new possibilities.

In China, buy the wrong things and go to jail

Chris Skinner

As I travel around, I find different cultures fascinating Some are open, some are closed; some are welcoming, some are distrusting; some feel comfortable, some feel weird; some feel nice, some feel strict; and so on.

Mastercard Transit Solutions Debuts ‘Tap And Ride’ Commute

PYMNTS

Mastercard is working to simplify the daily commute through its “Tap and Ride” program, available in more than 150 cities.

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Africa’s M-Pesa’s landmark deal with Western Union and their global ambitions

Daily Fintech

Image Source. Africa’s poster child for financial inclusion, Safaricom’s M-Pesa, signed a landmark deal with Western Union earlier this week. The deal would give M-Pesa access to Western Union’s mighty distribution network and banks across 200 countries.

Colorado Just Elected a Tech-Savvy Governor Who Takes Blockchain Seriously

Bank Innovation

Amid a dizzying night of political drama, a bright spot appeared for the fintech and cryptocurrency communities -- the election of Jared Polis to Governor of Colorado.

Things worth reading: 8th November 2018

Chris Skinner

Things we’re reading today include … Bank by bank, here’s where the hiring and firing will happen next Would you bank with Google, Amazon, Facebook or Apple?

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BitPay Lands Ex-PayPal Talent For Business Solutions Unit

PYMNTS

B2B cryptocurrency payments company BitPay announced this week that Rolf Haag is joining the company to lead its business solutions unit. In a press release , BitPay said Haag will spearhead the company’s B2B and mass payments operations.

How JPMorgan Is Investing To Scale Its Payments Business

CB Insights

JPMorgan’s Chase Merchant Services is the bank’s payment processing business. The platform enables merchants to accept payments across all channels: in-store, online, or on-the-go. See how JPMorgan Is building The Next Generation Of Consumer Banking.

Do Community Banks Really Need Zelle?

Bank Innovation

Bank-backed payment service Zelle crossed $32 billion in transactions in the last quarter, almost twice that of Venmo, but the P2P provider is not as omnipresent among banks as one would expect it to be.

The Finanser’s Week: 29th October – 4th November

Chris Skinner

The main blog headlines are … Clash of clans … or new bank versus old bank (Fidor, BPCE) I was talking with some friends at the most innovative bank in Europe. A bank that has stopped getting on my radar for the past few years.

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UK Retail Banks Draft FinTech Alliance Guidelines

PYMNTS

Top U.K. banks and financial technology firms have worked together to create a set of guidelines to improve the relationship between FinTech startups and financial institutions (FIs).

Which Insurers Are Talking Up Telematics On Earnings Calls?

CB Insights

Telematics, or the use of an app or device to track a driver’s behavior in real-time, has been a hot topic on corporate earnings calls over the last two years, and insurers are increasingly starting to add to the discussion.

PrecisionLender Adding Execs, Offices to Scale Up for Growth

Bank Innovation

PrecisionLender was a fintech before fintechs were cool. Co-founder and CEO Carl Ryden told Bank Innovation his applied banking insights company is no disruptor, but, rather, an enabler of banks.

Things worth reading: 5th November 2018

Chris Skinner

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How Clandestina (Literally) Snuck Into The US Market

PYMNTS

Starting a new business is never easy, and new apparel lines are particularly challenging. There are many, many retailers and brands trying to outfit the world, and standing out in the crowd is difficult.

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Machine Learning for RIA loyalty and customer engagement; by Morgan Stanley

Daily Fintech

Wealth management and AI is a natural combination. Standalone Fintechs, innovation labs of incumbents and of financial services IT providers, are all somehow working on this (3 types). There is another war of talent going on this area too.