FinTech and the world of investment banking

Chris Skinner

Some people talk about FinTech disruption and how payments and banking is being attacked and unbundled by start-ups, but we often look at banking too simplistically. Global banks and investment banks are far more complex creatures than their high street counterparts, which is why we’ve seen far less disruption in … The post FinTech and the world of investment banking appeared first on Chris Skinner's blog. Blockchain Fintech Grid Innovation

Blockchain VC Fund Gets First Investors For New Ethereum-based ICO

Bank Innovation

The world’s first venture capital fund raised with digital coin offering has gained its first round of investors, including executives from Bloq and Civic. Blockchain Capital, the first venture capital firm to focus exclusively on DLT technology is offering digital tokens that represent a stake in the firm’s third fund. The tokens are held on the Ethereum blockchain […].


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The importance of building mobile payments with the right POS in mind

Payments Dive

As the mobile wallet ecosystem continues to grow and expand, there are still several barriers to entry in the restaurant industry that are making it difficult to increase consumer adoption and employee execution

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How banks are getting around open banking and PSD2

Chris Skinner

Banks are scared. They’ve seen the rise of the new world of open APIs, apps and analytics and know that their organisations are not yet ready or fit to change to that world. What to do? Well, the easiest thing to do is to block access to the bank’s data. If third party FinTech firms cannot get access to the customer’s financial data, then you can severely limit what they can do. Brilliant … and it’s just what banks are doing.

Powering Personalization Through Customer Data

Finding the right CDP can help unlock the value of your customer data. This eBook offers guidance on choosing, deploying, and utilizing a CDP, along with a case study on how one bank put data into action to forge stronger connections with customers.

5 Banking Tech Trends for 2017

Chris Skinner

I kept Tuesday’s blog entry short because I knew that everyone was making predictions and writing much more in-depth pieces. Today’s guest blog entry is from Finanser friend David Horton. David wrote a great piece on LinkedIn over the holidays providing his five banking technology predictions for 2017 and has kindly allowed me to replicate it here. … The post 5 Banking Tech Trends for 2017 appeared first on Chris Skinner's blog. Future Grid Uncategorized

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More Trending

12 reasons why banks don’t innovate

Chris Skinner

I just got back from the ICEEfest in Bucharest, Romania. It’s a fantastic expo organised by Dragos Stanca and his team, and was very enjoyable even with the master of ceremonies, Jeff Leach, taking the mickey out of me. Jeff is an actor and comedian, and spent the whole conference f-bombing the speakers and the audience. Different! Anyways, one little moment stood out enough for me to blog about, and it was the presentation from Capco’s FinTech lead Jeff Tijssen.

The Top 1000 banks in the world

Chris Skinner

I’ve written a column for The Banker magazine for the last 15 years and, during that time, have collected their special July edition each year. Every July The Banker publishes their analysis of the Top 1000 banks in the world. In the 1990s, the top 10 were mainly Japanese; in the 2000s, American; and today, Chinese. This year is particularly interesting as there is a clear impact of Brexit on the British banks. Here’s the summary.

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Corporate Culture and Lack of Understanding Hinder API Adoption at Banks

Bank Innovation

For the third consecutive year, Bank Innovation has teamed up with Open Bank Project and (this year) the University of Warwick, to conduct a research survey on how financial institutions worldwide are prioritizing API initiatives in 2017. The report, which surveyed more than 200 high-ranking executives from financial services and banking industry, indicated a growing […]. Compliance Corporate Exclusive Features Online Operations

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2017 Innovators to Watch: 44 Executives Shaping the Future of Banking

Bank Innovation

2017 was a tumultuous year, but despite some stops and starts, innovation in finance is only gaining more momentum. As the year saw changes in financial regulation, startup culture, and trends in venture capital, innovation moved forward: blockchain labs were made, funding was fought for, mobile payment systems were integrated, and the limits of artificial […].

Digitally Transforming the Engagement Experience for Financial Institutions

Customer experience has become a key differentiator. Learn how to launch your digital transformation by incorporating two customer experience trends into your digital transformation strategy: self-service & personalization.

Sofi, Quovo Show Off New Wealth Management API

Bank Innovation

A quick, seamless API for wealth management customer authentication and data aggregation may not fix all of SoFi’s problems, but it certainly helps. The alternative lender demoed its new Authentication API, built in partnership with Quovo, a financial data aggregator for wealth management, at the FinDEVr conference today. What’s important to call out is the combo […].

Are Open APIs the Gateway to New Cores?

Bank Innovation

Open APIs have been advancing steadily across the banking landscape for a number of years, though just how “open” may be a point of conjecture. Many of the European neobanks have done it, such as Monzo and Fidor, and in Europe, where PSD2 is set to take effect next year, the issue is especially pressing. […]. Online Technology APIs Core Banking Nymbus Open API SoFi Zenbanx

Banks Have the Capital to Buy Fintech Startups — Will They?

Bank Innovation

Banks are entering what could well be a Golden Age — deregulation, rising interest rates, and a bevy of fintech startups eager to hop into bed with them. Will they take advantage of this fintech opportunity? “Banks now have the capital to put to work and invest in growth after a long period of cost-cutting,” […]. Capital Corporate Exclusive Innovations Online Operations Technology Uncategorized Button Capgemini fintech JPMorgan Chase LevelUp M&A PayPal

For restaurants, pay-at-table devices are a chance to catch up with EMV

Payments Dive

Pay-at-the-table devices, which generally accept both EMV and contactless payments, could start to appear at restaurants in a big way during the next couple of years

The New 7 Facts on Housing Interest Rates and What Banks Can Do About It

The CRE multifamily sector has created tremendous momentum that won’t be slowed by interest rate hikes. Check out the facts right here!

Top 5 AI-Powered Activites Leading Digital Transformation

Bank Innovation

A majority of enterprises in financial services are undergoing a full-cycle digital transformation, with AI-led projects in the spotlight. That’s according to a study by Infosys released this week. More than 75% of banking and insurance companies are undergoing full-cycle transformation, while 20% are transforming partially, according to the report. The respondents that said their organizations […]. DataBank Databank Technology AI infosys machine learning Robotics

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Banks Need to Increase Focus on APIs if They Want to Match Fintechs, Verizon Says

Bank Innovation

EXCLUSIVE— It’s no secret that banks don’t move all that fast when it comes to new innovations, but most are starting to match fintechs at the customer experience level, according to Verizon, which provides software and internet connectivity to much of the industry. But the internal systems of traditional financial institutions are a different story. […].

Banks Will Only Slow Fintech Innovation if They Acquire Rather Than Partner, Hyperwallet Says

Bank Innovation

EXCLUSIVE—Should banks acquire or partner with smaller, more agile fintechs? Well, that depends if the end goal of the bank is to further financial innovation, Derrick Walton, EVP of global financial networks for Hyperwallet, told Bank Innovation. There’s a difference in culture, in what the goals tend to be,” Walton said, who is responsible for […]. Compliance Exclusive Mobile Online Payments amazon Amazon Pay Hyperwallet Mobile Payments online payments partnerships

Waves Platform Launches Venture Capital Fund Focusing on Crypto-Assets

Bank Innovation

EXCLUSIVE – Public blockchain platform Waves is launching a new blockchain venture product called Basics Fund to focus on investing in crypto-assets and pre-sale ICO tokens. The fund is dedicated to investment in blockchain infrastructure, specifically in a diversified portfolio of promising startup projects in the blockchain space. Aside from pre-sale ICOs and crypto-assets, the fund will […].

The Threat That Could End Community Banking & What To Do About It

A critical risk now facing community banks from the technology world and how to solve it.

The biggest innovations in retail banking (research)

Chris Skinner

OK, OK, OK, I promise to stop posting predictions and trends and blah, blah, blah, but this one has an interesting provenance and history. Last year, one of my most read blog entries was this one: The top ten trends in banking innovation (February 2016). This was a summary of the top trends in banking innovation, and … The post The biggest innovations in retail banking (research) appeared first on Chris Skinner's blog. Grid Innovation Technology Uncategorized

Would You Like to Set Google As Your Default Financial Institution?

Bank Innovation

Consumers can now use their Google credentials to make online and mobile payments via a stored credit card. The tech giant unveiled the tool yesterday, during its annual I/O developer conference in Mountain View, Calif. The service will act very muchlike a regular mobile wallet–of which there are an abundance– with users to soon start noticing […]. Exclusive Mobile Online Operations Payments Auka Facebook Google mobile wallets psd2 Venmo

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Consumers Expect Innovation to Come From Banks, Not Fintechs, Not Even Facebook

Bank Innovation

Despite all the shiny fintechs out there, consumers still expect innovation in financial services to come directly from banks. Almost half of the consumers –49% of women, and 45% of men– said they are most excited to see new financial product launches at banks, according to a study released yesterday by EY. All other alternatives […]. DataBank Databank Online Operations alternative banks EY gender banking money habbits social medial

Next Wave of Fintech: Partnerships with Corporations, Not Just Banks

Bank Innovation

Acquisition costs are (arguably) the main challenge fintech companies face when trying to scale their business. Selling products directly to consumers is costly and antiquated, especially for early-stage startups. Which is why many of the newer entrants now choose to partner up with corporations, according to Schwark Satyavolu, general partner at Trinity Ventures. Employers are […].

The 5 Stages of Account-Based Marketing — and How to Win Them All

Successfully complete the five stages of ABM: define, identify, engage, convert, and connect. We’ll show you how to create a unified system with your sales team to help them land more qualified opportunities and connect with prospects like never before.

6 Hottest Trends for Banking 2017

Bank Innovation

Change is imminent in banking, and as we begin the new year the only debate seems to be what is going to be driving that change. Over the course of 2017, what is going to transform banking the most? Well, we have some ideas. IOT Voice Commerce/Voice Payments Smart Read More. Commerce E-Commerce Online Payments Startups Technology Internet of Things smart homes Trends in Banking voice commerce voice payments

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Millennials Are Ready for the Bank of Amazon

Bank Innovation

Amazon wins, once again, at a game it didn’t even know it was playing. According to a Jan. 11 survey from Accenture, millennial participants would consider parking their money with nontraditional institutions, and they picked winners. Attractive alt-banking contestants included Apple and Facebook, but it was Google, and of course, Amazon, Read More.

Restaurants realizing importance of mobile payments and loyalty

Payments Dive

Loyalty and order-ahead-and-pay are becoming the standard in the industry

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Who owns the customers’ data?

Chris Skinner

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. Grid Payments Regulation

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How to Choose the Best Automated Documentation System for Commercial Loans

Not all automated loan doc prep solutions are created equal. That is why we have put together a checklist to help you evaluate potential partners and find the best-automated documentation system for your requirements and needs.