Chris Skinner

DECEMBER 6, 2016

I wrote a while ago about the amazing digital identity scheme in India called Aadhaar. It’s a card-based biometric scheme using a centralised database. Of course, today, they would have developed the scheme on a mobile wallet with a distributed ledger but hey, you can’t win them all. Some say that this just illustrates how … The post India’s idea about a cashless society is not the reality appeared first on Chris Skinner's blog.

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Course Mobile Cards Case Study 325

Bank Innovation

DECEMBER 8, 2016

What’s the best thing about startup demo days? You get to peek behind the curtains, before they scale (or fail). Five startups, in five minutes each, took the stage at the Empire Startups Fintech December Demo Day yesterday with their latest and greatest. Bank Innovation has the lineup, in case you Read More.

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Payments Dive

DECEMBER 8, 2016

Scott Hess, vice president of user experience, consulting and innovation for Fiserv, discusses how payment providers can view this emerging area.

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User Experience Security Payments Innovation 319

PYMNTS

DECEMBER 9, 2016

At a time when the IRS is trying to find out the identities behind bitcoin users, the Pennsylvania Allegheny County District Attorney’s office revealed it had to use bitcoin to pay a ransom to get its data back. According to a report by Forbes , the ransom was only $1,400, but the fact that a government agency paid a ransom and used bitcoin is something not seen before.

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Pennsylvania Bitcoin Taxes California 212

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Chris Skinner

DECEMBER 9, 2016

Reflecting on the last year, it’s been crazy. I feel like I’ve spent most of the year jumping on and off airplanes. Most visited cities are London, for obvious reasons, and Singapore. I must have been there five or six times this year, and that reflects Singapore’s ambitions to be a Fintech hub. I’ve also … The post The unbankable banked appeared first on Chris Skinner's blog.

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Fintech Case Study Study Mobile 311

Payments Dive

DECEMBER 9, 2016

Scott Blum, the vice president of Total Merchant Services, gives his take on what he expects from mobile payments in the new year.

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PYMNTS

DECEMBER 8, 2016

Western Union, the global payment services company, announced Wednesday (Dec. 7) it is enhancing its relationship with Viber, the mobile messaging app that counts 745 million unique users around the globe. In a press release , Western Union said it is enhancing its existing relationship with Viber by enabling Viber users in the U.K. to send money domestically and internationally to more than 200 countries and territories via the Viber app.

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Chris Skinner

DECEMBER 5, 2016

I’ve noticed a great deal of schadenfreude related to the R3 bump. Lots of people saying that blockchain is past its sell-by date, R3 are bust and distributed ledgers are dead. I think it’s related to the journalists who, having delighted in bigging up blockchain big time for the past two years are now relishing … The post Blockchain is dead, long live the Blockchain appeared first on Chris Skinner's blog.

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blockchain Innovation Technology Fintech 290

Bank Innovation

DECEMBER 6, 2016

INV Fintech, the sister accelerator to this site, is pleased to announce its second class of startups, in its Fall session, which begins this week. The five companies, selected from more than 100 startups applicants from across the globe, are: Debitize Grain Paymentpie Saldo.mx SnapCheck The companies, chosen after a Read More.

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Meeting Fintech Company social media 245

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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

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Payments Dive

DECEMBER 5, 2016

Blackhawk's Digital Pass technology enables the integration of gift cards, e-gifts, loyalty cards and rewards programs with Apple Pay.

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Apple Technology Cards 284

PYMNTS

DECEMBER 9, 2016

“Build a better mousetrap,” the expression goes, “and the world will beat a path to your door.”. Everyone knows the quote, including Chase Pay and LevelUp, and while not everyone knows it is a paraphrase of a longer quote by Ralph Waldo Emerson — “If a man can write a better book, preach a better sermon, or make a better mousetrap than his neighbor, though he build his house in the woods, the world will make a beaten path to his door,” — they know what it means.

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Payments Mobile Innovation Boston 205

Chris Skinner

DECEMBER 7, 2016

I’m relaxing and thinking. A bad combination. Just had several sessions with different conferences on Brexit, Open API’s, PSD2, Open Sourcing, Open Banking, Innovation and more … and it all seems like such drivel. One of the sessions was asking the question: is it time to drop the curtain on innovation theatre? Yes, for gawds … The post Go Fintech or go home (and don’t be Techfin) appeared first on Chris Skinner's blog.

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Bank Innovation

DECEMBER 5, 2016

Fintech funding seems to have picked up steam this week, with home-selling platforms, online insurance carriers, personal finance apps, and e-commerce companies all getting a healthy boost of capital. This brings us to our top five fintech funding rounds of the week: Lemonade It’s the venture funding round we’ve all Read More.

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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

Report

Payments Dive

DECEMBER 8, 2016

At the BCX Summit, CarrieAnne Cormier of Avidia Bank talked about the importance of serving customers with the right balance of high-tech and high-touch.

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Customer Experience 237

PYMNTS

DECEMBER 7, 2016

Same Day ACH, the faster payments initiative for banks and other financial institutions in the United States, seems to be popular. According to NACHA, the network processed nearly $5 billion in 3.8 million transactions, with an average transaction value of more than $1,000, in the month of October alone. But the U.S. still has a long way to go and plenty of faster payment lessons to learn.

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Celent Banking

DECEMBER 5, 2016

No one downloads a banking app from their store of choice for fun, nor do they open it up to amuse themselves. Instead, bank apps are used to accomplish specific tasks – check a balance, pay a bill, send money to a friend. Despite the undeniable utility of these apps, institutions struggle to persuade their customers to use them; adoption rates, depending on the specific measure, hover around 50% and have been stuck for a while at that plateau.

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Customer Experience Maine Course Strategy 144

Bank Innovation

DECEMBER 6, 2016

Traditional Fintech is so boring – and so profitable. The question is whether these vendors will use some of those profits to transform themselves or let nimble startups with modern technology and new business models eat their lunch. Two years ago, in December 2014, we took a look at Read More.

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Fintech Technology 232

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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.

Lending

Bobsguide

DECEMBER 7, 2016

The way we pay has drastically changed over the years. There has been an overall decline in cash payments over the last decade, and experts predict there will be a greater shift towards card payments, pushing the economy towards a cashless society by 2025. Whether we’ll be carrying cash in.

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Cards Payments 116

PYMNTS

DECEMBER 9, 2016

Botnet attacks are not only growing in popularity among hackers, but they are also delivering a new level of sophistication and danger to businesses and consumers worldwide. In this week’s Hacker Tracker , PYMNTS caught up with security experts at digital security products provider Avast Software to gain insight into the rise of Crimeware-as-a-Service and why the industry should be taking notice of the growing threat of malicious botnets, like Avalanche and Mirai.

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Software Security System Trends 184

Let's Talk Payments

DECEMBER 3, 2016

As much as financial technology innovators would like to believe in a challenge they impose on institutions, in reality, the hype is often exaggerated. Among factors that played a.

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US Fintech Financial Technology Innovation 87

Bank Innovation

DECEMBER 7, 2016

China has outstripped fintech hubs like London, New York, and Silicon Valley, and is now the global leader in financial innovation, according to a new report released by financial service firm EY and DBS Insights. According to the Rise of Fintech In China report, China has experienced an explosive growth period Read More.

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Innovation Fintech Report New York 230

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.

Marketing

Bobsguide

DECEMBER 6, 2016

Enticing new customers and understanding existing ones in order to encourage brand loyalty is essential in every sector, and has arguably never been more important than it is today. Consumers are saturated with marketing when it comes to products and services of all types, and the financial services.

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Customer Experience Big Data Data Branding 109

PYMNTS

DECEMBER 7, 2016

The American Express that exists today would look pretty foreign to its first employees of 166 years ago — since, to state the obvious, a lot has changed over that period of time. Long before American Express was a credit card issuer and a closed loop payments network, it was in the business of moving mail (and other things) quickly from one coast to the other.

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Fraud Security Mobile Trends 183

Let's Talk Payments

DECEMBER 6, 2016

India’s financial ecosystem is undergoing disruptive changes as it extends channels for customer reach. Let us take a look at what are these changes and how they can help achieve.

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US Fintech Payments 87

Bank Innovation

DECEMBER 6, 2016

With all the gadgets, instant payments and mobile functionality, going to a branch sounds so 2012, right? Yes, unless you are going for something more than just depositing a check. “People will go a mile for a good advice,” Brian Moynihan, chairman and CEO of Bank of America said at the Read More.

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America Mobile Payments 224

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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.

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