2016

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Banks are not technology companies (yet)

Chris Skinner

I’ve been illustrating my frustration with incumbent banks for some time, saying that they lack technology leadership. Almost a third of my new book talks about the biggest challenge for banks to respond to Fintech, Big Data, Cloud, Blockchain and all those other issues is to have leadership.

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Why mobile social media money transfers are going to be huge

Payments Dive

FIs and payment processors have a major opportunity to collaborate with FinTech pioneers such as Moneymailme to serve the growing market for mobile social media money transfers.

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10 Ways Banking Will Be Different in 2020

Bank Innovation

An obvious statement: The banking world is changing. However, it does give rise to less obvious questions: Just how fast is it changing, and in what ways? For instance, what will the banking world look like in five years? Will there be chatbots in every smartphone and every app? Will Read More.

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Accelerating Blockchain Transformation

Insights on Business

In March of 2016, I testified on the revolutionary nature of blockchains before the U.S. House of Representatives’ Energy and Commerce Subcommittee on Commerce, Manufacturing & Trade. Since that time, blockchains have continued garnering interest across multiple industries from banking to health care, and have been explored for quite a few additional use cases.

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The State of Automation in Financial Services 2024 Report

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

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Money20/20

Payments Source

Money20/20 is the world's biggest, boldest and best event covering payments and financial services innovation for connected commerce at the intersection of mobile, retail, marketing services, data and technology.

More Trending

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What Did Financial Institutions in the US Learn From FinTech Startups?

Let's Talk Payments

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.

US 87
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What will happen to blockchain in 2017?

BankNXT

Banks are beginning to recognise the potential of blockchain. Oscar Jofre looks at what this could mean for financial services in 2017. What will happen to blockchain in 2017? on BankNXT.

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Could geolocation be the next tool in the fight against fraud?

NCR

Improving fraud detection and prevention is a top priority for any financial institution (FI), but banks face a delicate balance to get this right. If the systems they have in place are not robust enough when it comes to red-flagging suspicious activity, fraudulent transactions will be allowed to slip through, which will anger customers. But on the other hand, an overly-cautious approach may result in a high number of false positives, where legitimate transactions are declined.

Fraud 87
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Climate Change Lessons for Fighting Sexism in Banking

American Banker

Just like climate change, it is impossible to deny the gender bias in banking. Instead of sweeping bias under the rug, seek out the inequalities and unfair practices and fix them.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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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The Websites Of 39 Unicorn Startups Before They Became Billion-Dollar Companies

CB Insights

We took a look at our real-time unicorn company tracker and found the early websites of some of the most valuable private companies before they became the juggernauts that people are talking about today. We’ve added 27 new companies to our … Continued.

Company 61
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Four banking business models for the digital age

Chris Skinner

I spotted a lengthy, but very insightful post, on LinkedIn the other day by Ben Robinson, Chief Strategy and Marketing Officer for Temenos. I don’t usually highlight such pieces, but felt this worth replicating here, and Ben kindly agreed. Enjoy … Four banking business models for the digital age Digitization of the banking industry is … The post Four banking business models for the digital age appeared first on Chris Skinner's blog.

Strategy 329
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5 trends shaping mobile payments worldwide in 2016

Payments Dive

Michelle Evans, the digital consumer manager for Euromonitor International, shares some findings from the company's latest global research.

Trends 419
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More Banks Working on APIs in 2016, But Bureaucracy Remains a Problem

Bank Innovation

APIs (application programming interfaces) are fast becoming integral to the banking world, but corporate culture has not yet caught up with the technology, according to data from a survey conducted by the Open Bank Project together with Bank Innovation. In 2015, 62% of survey respondents indicated corporate culture and bureaucracy Read More.

Survey 329
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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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6 Ways to Spice Up Your Institution’s Social Media Strategy

The Financial Brand

Social media success has been elusive in the banking industry. Here's how to get more traction, traffic, engagement, clicks and conversions in social channels.

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The complex impact of fintech and legacy systems on banking

Insights on Business

A recent article in The Globe and Mail , The biggest threat to banks? Legacy systems, not fintech (November 2016), by Mike Gardner seemed to go viral on my Twitter stream. In the article, Mike describes huge losses for JP Morgan and the collapse of MF Global caused by IT systems and the use of inappropriate tools that may have been put in place more than 25 years ago.

System 153
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How Trump became bitcoin's unlikely savior

Payments Source

As bitcoin's spotlight fades and banks work to adapt its underlying blockchain technology for more traditional uses, it seemed that the world was ready to move on from the infamous cryptocurrency. And then Donald Trump was elected president of the U.S.

Bitcoin 129
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39% of the World’s Population Does Not Have a Bank Account

Let's Talk Payments

As shocking as it may seem to the developed world, 39% of the world’s population, mostly comprised of the population in developing countries, does not have a bank account. Despite.

US 87
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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.

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Artificial intelligence in banking – a pain in the bot?

BankNXT

Luis Rodriguez asks the question, are you ready to bring artificial intelligence to your bank via bots? Artificial intelligence in banking – a pain in the bot? on BankNXT.

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Are central banks getting on board with blockchain?

NCR

Not so long ago, blockchain technology was still something of a peripheral concern for most traditional financial institutions. Seen mainly as simply a part of the underlying infrastructure behind virtual currencies like Bitcoin, it was not considered a priority by many banks. But this view is now changing rapidly as its potential to transform the way many key activities, from payments to stock trading, becomes more recognised.

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Geena Davis: Women Face 'Unconscious Bias' in Banking, Media

American Banker

The way women are portrayed on film affects their career trajectory, the actress said during a rousing speech at American Banker's annual Most Powerful Women in Banking dinner.

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The Periodic Table of Cybersecurity Startups

CB Insights

Cybersecurity startups have seen an investment slowdown through the first half of this year. However, five out of the nine private company unicorns in cybersecurity reached their $1B+ valuations last year, and corporations and their corporate venture arms, including Intel … Continued.

Company 61
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Addressing Top Enterprise Challenges in Generative AI with DataRobot

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.

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If you want to convince the bank to change, read this blog

Chris Skinner

I was thinking about not sharing this info but hey, as you are good enough to read my blog … here’s the bottom-line on digital disruption (ed: oh no, Chris said the D-word!). There’s a slide that’s been doing the circuit for a while. It comes from Visual Capitalist, and charts the change in the world’s … The post If you want to convince the bank to change, read this blog appeared first on Chris Skinner's blog.

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5 mobile-payment trends to watch in 2017

Payments Dive

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

Mobile 329
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What is a bank?

Chris Skinner

I was at a conference the other day when the presenter showed this quote from the Wall Street Journal: The question is so simple it seems silly: What is a bank? Of course you know the answer. A bank pools savings and then allocates that capital. Simple, right? But that’s just the start. In 2016 a … The post What is a bank? appeared first on Chris Skinner's blog.

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Where is the bank’s digital vision?

Chris Skinner

It’s intriguing to find more and more banks creating digital heads. I meet them regularly, I’m the digital head of retail banking; I’m the digital head of retail business banking; I’m the digital head of the investment bank; I’m the digital head of our transaction banking business; I’m the digital head of our commercial bank; … The post Where is the bank’s digital vision?

Meeting 329
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.