Chris Skinner
SEPTEMBER 14, 2017
Following on from the discussions about identity on Monday, it gets interesting to think about the customers’ data and who owns it, especially in light of the Payment Services Directive 2, PSD2 for short, which comes into force at the start of next year. The regulation forces banks to open … The post Who owns the customers’ data? appeared first on Chris Skinner's blog.
Bank Innovation
SEPTEMBER 15, 2017
EXCLUSIVE – The Brink’s Company and expense management provider Bento for Business introduced a new Travel & Expense Debit Card at Finovate in New York. The partnership is a major win for Bento, who launched only two years ago with a prepaid card for SMBs. “The Brink’s T+E card is different from our core product […].
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Payments Dive
SEPTEMBER 12, 2017
By deploying its "Fresh Forward" concept, Subway has recognized the need to make ordering more convenient in addition to continuing its emphasis on freshness.
Accenture
SEPTEMBER 11, 2017
Earlier this year I made a set of payments predictions for 2017, which is living up to expectations as a year with new developments and change occurring on all fronts. In this blog, I give an update on how the payments landscape is shaping up and rotating towards a new world of digital payments. Contactless and Mobile Payments. Prediction : Contactless card transactions in the UK will rise to between 6BN – 9BN transactions in 2017, (compared to my forecasts a year ago of 3BN transactions for the
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
SEPTEMBER 15, 2017
I was chairing a conference on blockchain and distributed ledgers the other day. The audience were a mixture of start-ups and banks, and the speakers were talking about how they viewed the world of distributed ledger developments. Many of the banks had successfully complete proofs of concept projects and were … The post Bankers see faster horses; technologists imagine cars 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.
Abrigo
SEPTEMBER 14, 2017
By Richard Greene, Clarus Advisors Cash flow is the life’s blood of a business. This is true for the small business and the Fortune 50. Understanding, tracking and controlling your company’s cash inflows and outflows is paramount to running a healthy company. To illustrate the impact collections has on your cash flow , consider this example: daily sales are $10,000 and Accounts Receivable sits at 42 days.
Payments Dive
SEPTEMBER 15, 2017
Mobile Payments Today sat down with Kount CEO Brad Wiskirchen and COO Rich Stuppy to talk about this year’s results, and about trends that are influencing the market now.
Chris Skinner
SEPTEMBER 11, 2017
I’m making a presentation on cybersecurity this week at our Nordic Finance Innovation meetings. This meant preparing a few new slides from scratch as I don’t have a set deck for cybercrime, and sat and started ideas just as the news dropped about the Equifax breach. You’ll all know about … The post The imperative for self-sovereign identification (get lost Equifax) appeared first on Chris Skinner's blog.
Bank Innovation
SEPTEMBER 13, 2017
EXCLUSIVE – Apple introduced the iPhone X yesterday, and as pundits predicted, it does away with Touch ID in favor of Face ID, a biometric authentication system based on the user’s face. The accuracy of Face ID is supposed to reduce false positives to 1 in a million (though the demo failed on stage yesterday) […].
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
PYMNTS
SEPTEMBER 12, 2017
After something of a slow start, mobile eCommerce is set to make up half of all online sales by the year 2020 — worth nearly $250 billion annually. That forecast comes care of “A Mobile Mindset,” the second volume in the five-part series, “The 2017 UPS Pulse of the Online Shopper.” The UPS-backed report is derived from the input of over 5,189 comScore panelists who made at least two online purchases in a typical three-month period.
Payments Dive
SEPTEMBER 14, 2017
The Burger King franchise in Russia has rolled out a loyalty program built around the 'Whoppercoin.' It's a cryptocurrency that customers can traffic in online or trade in for free burgers. Could it also be a signal that Russia is softening its hostile stance toward virtual currency?
Chris Skinner
SEPTEMBER 12, 2017
There’s so much rubbish being written about cryptocurrencies, ICOs, blockchain and shared ledgers at the moment that I’m almost tempted to give up on it all. 1 in 10 ICOs is a scam, blockchain is not the same thing as a shared ledger, and no, I can’t tell you if … The post China’s ban on cryptocurrencies is not news appeared first on Chris Skinner's blog.
Bank Innovation
SEPTEMBER 12, 2017
EXCLUSIVE – When the co-founders of FitPay, a contactless payment technology provider, agreed to be acquired by security tech company NXT-ID back in May, the primary goal behind the deal was to enable growth for the San Francisco-based startup. And grow it did. FitPay is a technology platform that adds contactless payment capabilities to wearable […].
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.
PYMNTS
SEPTEMBER 15, 2017
The favored narrative about banks and FinTech startups is generally not a love story. Usually, it is more of an all-out war story. Banks represent the old way of handling financial services – and in fairness, they carry a lot of responsibilities that deposit-taking institutions don’t necessarily have. Of course, banks have to be run with safety and soundness to protect those deposits, but they also have myriad public mandates, like fair lending, anti-money laundering and customer privacy.
Payments Dive
SEPTEMBER 15, 2017
Mobile Payments Today takes a look back at the top stories from the past three months.
Chris Skinner
SEPTEMBER 13, 2017
When I fly with British Airways, which I try to avoid these days thanks to the fatuous actions of their lame duck CEO, then I’ll always check out the latest edition of Business Life. It’s their upmarket magazine for business fliers, and usually hits the right note. So imagine my … The post Even British Airways gets blockchain now appeared first on Chris Skinner's blog.
Bank Innovation
SEPTEMBER 12, 2017
KFC customers in the Eastern Chinese city of Hangzhou can now pay for their meals with just a smile. Jack Ma, Alibaba’s founder, has long planned on launching facial recognition technology for the company’s payment app, Alipay. He first revealed his commitment to the development of this technology at a CeBit Conference in 2015, when […].
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.
PYMNTS
SEPTEMBER 11, 2017
The research is clear: Just because a business is small does not mean it survives undetected from a cyberattack. In fact, some SMBs may actually be a bigger target for cybercrime. For example, small U.S. manufacturers working with overseas business partners operate with a heightened risk for cybercrime, according to research from Bank of the West. In some cases, it’s a small businesses’ global expansion that heightens their risk.
Bobsguide
SEPTEMBER 13, 2017
In the early 1990's, the increasing popularity of automated teller machines (ATM's) revolutionised banking, lowering the number of tellers required for each branch and allowing thousands of new branches to be opened as a result. Now, the banking industry is on the cusp of another.
Chris Skinner
SEPTEMBER 10, 2017
Things we’re reading today include … Irma a ‘major event’ for insurance industry: Munich Re board member Goldman Sachs to take on UK retail banks Creative currency Northern Rock’s Bank of England bailout ‘should have been secret’ City urges Government to prioritise Islamic finance ahead of possible Brexit boom Barclays’ … The post Things worth reading: 11th September 2017 appeared first on Chris Skinner's blog.
Bank Innovation
SEPTEMBER 14, 2017
EXCLUSIVE – Digital accounting company Wave has signed an agreement with Royal Bank of Canada to provide its platform to the bank’s online business banking site, the company announced at the Finovate Conference in New York. The deal is the first of its kind for Wave, Peter Carrescia, SVP of strategy and corporate development, told […].
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.
PYMNTS
SEPTEMBER 14, 2017
By some accounts, the value of cross-border B2B payments could reach $3.68 trillion by 2025. With so much potential revenue at stake, there’s little wonder why merchants around the globe want to take their operations to the international stage. Before businesses can spread their global wings and reach new markets, though, they must first overcome their fears of engaging in global trade.
Bobsguide
SEPTEMBER 11, 2017
A study of Google Trends will show you a huge spike in the mentions of ‘InsurTech’ since February 2016, and that’s because people and investors are beginning to take note of how state-of-the-art AI can enhance the insurance sphere and disrupt specific elements of the insurance.
Chris Skinner
SEPTEMBER 13, 2017
Things we’re reading today include … Darling: Brexit would not have happened without banking crisis The relentless rise of tap and pay Ten years after Northern Rock: has UK banking changed? From Silk Road to ATMs: the history of bitcoin Northern Rock: ‘We all thought our money was at risk’ … The post Things worth reading: 14th September 2017 appeared first on Chris Skinner's blog.
Bank Innovation
SEPTEMBER 15, 2017
The price of bitcoin continues to teeter today, with the cryptocurrency having lost a third of its value in the last week. Bitcoin’s sharp drop comes after rising uncertainty in the Chinese market, with two major Chinese currency exchanges, China BTC and ViaBTC, having announced that they will halt trading by the end of this […].
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.
374 
Let's personalize your content