FinTech Cloud Technology Fuels Banking Innovation

PYMNTS

As cloud technologies emerge to help financial institutions (FIs) drive digital innovation, Finastra has introduced its Fusion Payments To Go offering for small and medium-sized banks. B2B Payments B2B banking Digital Banking FinTech Innovation News

Fintech foundations lie with both financial and technology people

Chris Skinner

Well, … The post Fintech foundations lie with both financial and technology people appeared first on Chris Skinner's blog. Fintech GridI was talking to a Securitisation conference the other day. Securitisation? What’s that? Well, I could explain but if you don’t know google it and you’ll find it’s one of those areas of financial markets that destroyed economies a decade ago and left us all with a huge debt.

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Technology is business

Chris Skinner

Another interesting nuance of the FinTech Bank is the integration of business and technology. I’ve referenced this a few times, but wanted to be explicit that these banks think technology is business and business is technology. Auditors, compliance, … The post Technology is business appeared first on Chris Skinner's blog. Digital Bank Fintech Grid Uncategorized

The diversity of financial technologies

Chris Skinner

I do adjust the … The post The diversity of financial technologies appeared first on Chris Skinner's blog. Fintech GridI was listening to questions at a meeting this week where one of the audience asked if I needed to adjust what I say on my travels, to suit the culture of different countries. I thought about it for a second, and realised that I don’t.

Are you in banking or technology?

Chris Skinner

That realisation is a simple but important one, and it is this: dealing with technology is very different to dealing with money; furthermore, dealing with money through technology is very different to dealing with technology through … The post Are you in banking or technology? Digital Bank Fintech GridI’ve had a lot of conversations with bankers and technologists, and realised something recently.

Emerging Technologies, Services Drive Payment Rail Innovation

PYMNTS

To that end, a FinTech is enabling intelligent routing of transfers through existing rails, while a financial services provider to credit unions (CUs) is offering funding management services to facilitate real-time payments.

Banking is what we do and technology is how we do it

Chris Skinner

A decade ago, we talked about the financial crisis, technology, regulations and compliance. Digital Bank Fintech Future Grid

Community Banks Embrace FinTech Pairings

PYMNTS

From helping banks service legal marijuana firms to connecting financial institutions (FIs) to tech that streamlines business account opening, the latest bank-FinTech pairings target a range of use cases for corporate financial services. CheckAlt Eases mRDC Access To Banks' FinTech Clients.

Throwing technology over the wall

Chris Skinner

The … The post Throwing technology over the wall appeared first on Chris Skinner's blog. Digital Bank Fintech Future Grid Innovation Opinion TechnologyI was listening to someone talking about monolith versus microservices structures recently, and they likened it to an old car versus a new one. Old cars were made of metal and welded together into a solid machine where, if any part breaks, you have to replace the whole machine.

Indian Fintech Nearby Technologies Teams with Yes Bank to Provide Cardless ATMs

Bank Innovation

Indian fintech Nearby Technologies has partnered with one of the country’s largest private sector banks, YES Bank, to launch a cardless and PIN-less Aadhaar ATM service. Last week, Nearby Technologies said that by using its PayNEARBY mobile application on […]. Cards Exclusive Mobile Open Fintech Payments Aadhaar biometerics India fintech Mobile Payments Nearby Technologies PayNearBY Yes Bank

Technology is business

Chris Skinner

Another interesting nuance of the FinTech Bank is the integration of business and technology. I’ve referenced this a few times, but wanted to be explicit that these banks think technology is business and business is technology. Auditors, compliance, … The post Technology is business appeared first on Chris Skinner's blog. Digital Bank Fintech Grid Uncategorized

When did FinTech become cool?

Chris Skinner

When did FinTech become FinTech? When did technology in finance become cool? I guess the first thing is to define FinTech, which I did badly four years ago. I say badly because my definition back then was: FinTech [is] a new market that integrates finance and technology. This new market … The post When did FinTech become cool? Fintech Grid

Is the world being democratised through technology?

Chris Skinner

Some countries are still reliant on cash whilst others are … The post Is the world being democratised through technology? Digital Bank Fintech GridSomeone told me I should start a travel blog, as I fly more than most pigeons do. But I’m not sure my travel blog would be read so much. However, it does make me reflect on travel and money. appeared first on Chris Skinner's blog.

Can Technology Save Bank Branches?

Bank Innovation

Corporate DataBank Mobile Online Open Fintech Operations Payments Premium Retail Bank of America DBS Bank HSBC SamsungPREMIUM - When was the last time you went to your bank branch to deposit money? Still thinking? That's because most of the daily banking activity has shifted from branches to the smartphone. But that's not to say people don’t use bank branches at all. They do, but not for the same reasons as they […].

Transforming core banking with the right technology

Accenture

The post Transforming core banking with the right technology appeared first on Accenture Banking Blog. Core Banking Core Banking Transformation Digital Banking Ecosystems FintechWe all know the industry is rapidly moving to digital.

The new FinTech bank

Chris Skinner

For years, I’ve been wondering why people in business operations couldn’t align their needs with the people delivering technology in the organisation. The requests would get prioritisation and be delivered in sequence over time, sometimes a very long … The post The new FinTech bank appeared first on Chris Skinner's blog. Digital Bank Fintech Grid

Amex Quietly Acquires Cake Technologies, a Payments Fintech

Bank Innovation

American Express has acquired Cake Technologies, a U.K.-based based mobile payment technologies provider, for $13.3 Exclusive Mobile Payments acquisitions American Express Mobile Payments startups UK fintechmillion. The deal, which was never publicly announced, was officially completed last October, TechCrunch reported today. Cake will allow payments provider Amex to expand its payment options to cardholders.

How FinTech Companies Inspire Africa With Mobile Technology

PYMNTS

With the potential for rapid growth and job creation, FinTech firms in Africa have caught the attention of global investors. According to the London Stock Exchange Group’s 2019 “Companies to Inspire Africa” report, which highlights these firms, the FinTech sector has the second highest growth rate representation of technology and telecoms as well as financial services. Moreover, the FinTech firm provides a single point of connection for banks as well as mobile wallets.

The Impact of Technology on Banking: Revolution or Evolution?

Bank Innovation

All that is changing due to emerging technologies. The banking industry is facing many unprecedented challenges due to the rise of financial technology companies. Cryptocurrency Innovations Lending Mobile Open Fintech Operations Sponsored Core Banking fintech innovationFor quite a long time, traditional brick and mortar banks only had to worry about making money and being profitable.

We’re just a technology company that happens to have a banking licence

Chris Skinner

To be like a young, FinTech unicorn. However, there is a massive difference between … The post We’re just a technology company that happens to have a banking licence appeared first on Chris Skinner's blog. Digital Bank Fintech Grid UncategorizedI hear this a lot, and don’t like it. Many banks say it these days, and they say it to be cool. To be like a start-up. To be like a Silicon Valley angel investment firm.

Daily Fintech announces Quintin Gomez as technology adviser based in Silicon Valley

Daily Fintech

Daily Fintech is tapping the expertise of Silicon Valley based Quintin Gomez to help guide a transition to becoming a software enabled media business. Daily Fintech is a globally decentralized business with readers and expert contributors all over the world. Daily Fintech Advisers

How FinTechs Help Companies Tap Into Emerging Technologies

PYMNTS

As part of that awareness, companies across all industries are realizing the strategic value of accounts payable (AP) automation and developing an understanding of emerging technology like artificial intelligence (AI) that plays a critical role in AP automation solutions. FinTechs are helping these companies gain an understanding of these innovative solutions. The FinTech, however, aims to explain to them that they don’t need to be an expert in those topics.

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. Digital transformation is not a project run … Grid Numbers

The Bank-FinTech Tie-Up Evolves

PYMNTS

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions.

IBM Acquires Canadian FinTech Expertus

PYMNTS

IBM has acquired Montreal-based FinTech Expertus Technologies , according to a press release , in a bid to boost its hybrid cloud and artificial intelligence (AI) tech as well as its digital payment strategies.

Banks Need to Focus on Data, Not Technology, RBC Says

Bank Innovation

EXCLUSIVE–Future banking innovations aren’t going to depend on what technology financial institutions are using, but on what data is underlying that technology, according to Dave McKay, president and CEO for the Royal Bank of Canada. Exclusive Lending Online Open Fintech APIs artificial intelligence data lending open banking open fintech payments Royal Bank of Canada SIbos 2017

6 Hottest Startups From Empire Fintech

Bank Innovation

What’s hot in fintech? Regtech, insurtech, real estate, robos — all of those (and more) have enjoyed the fintech spotlight recently, with impressive startups on the leaderboard. Six of those startups took the stage at the Empire Startups Fintech Conference yesterday to demo their latest and greatest. Checkout the lineup of the hottest startups below. Onfido Started […].

The Struggles of Banks as Technology Companies

Bank Innovation

It's a common refrain from bank CEOs -- "My bank is a technology company." JPMorgan Chase is showing it takes fintech seriously by building (or buying) a Silicon Valley campus, which will house 1,000 employees, including 250 from recently acquired WePay. Exclusive Mobile Open Fintech Operations Premium Startups Green Dot JPMorgan Chase Stash UmpquaBut the reality is much rarer.

Technology is key to banking future … really?

Chris Skinner

It’s intriguing to see how the world has now got the FinTech message. The Telegraph ran a conference about it (I was there); The White House has published a report on it; America’s Celebrity Apprentice has one of our own on it; and The Banker has run a magazine feature dedicated to it.There’s even a … The post Technology is key to banking future … really? Future Grid Technology

Wealth Tech Firm Envestnet Buys FinTech Startup Harvest Savings

PYMNTS

Wealth management technology firm Envestnet has acquired FinTech startup Harvest Savings & Wealth Technologies for an undisclosed amount. . "We

Rho Technologies Raises $15 Million For AP Integration

PYMNTS

Rho Technologies , the FinTech behind Rho Business Banking, has raised $15 million in a Series A round, according to a press release. B2B Payments accounts payable B2B banking funding Investments News Rho Technologies What's Hot In B2B

Fintechs, Beware of ‘Innovation Tourists’

Bank Innovation

Now that the industry is (mostly) clear on the fintech “friend or foe” issue, startups are busy pitching their products to the eager incumbents and their innovation teams. Exclusive Innovations Operations Startups Technology Wealth Management fintech startups GoldBean innovation Jane BarrattHowever, a new creature has emerged in this process, which can potentially place more roadblocks on a startup’s development journey. Startups, beware of “innovation tourists.”

Movencorp patents its personal finance technology

Bank Innovation

The road to differentiation among fintech startups entered a new phase this week: patenting technology to put a brand’s stamp on it forever. On Tuesday, personal finance technology startup Movencorp confirmed that it patented its digital financial wellness product. Movencorp is the parent company for direct-to-consumer outfit Moven and its business-to-business entity Moven Enterprise. The […].

Are banks serious about fintech?

Chris Skinner

I’m often asked how I got into FinTech. It’s an interesting question as I’ve been involved in Finance and Technology all of my life. Back in the day, it wasn’t called FinTech. Interestingly, for almost a quarter century, tech … The post Are banks serious about fintech? Digital Bank Fintech Grid OpinionIt wasn’t cool. It was just boring old tech in banking. appeared first on Chris Skinner's blog.

Are you in banking or technology?

Chris Skinner

That realisation is a simple but important one, and it is this: dealing with technology is very different to dealing with money; furthermore, dealing with money through technology is very different to dealing with technology through … The post Are you in banking or technology? Digital Bank Fintech GridI’ve had a lot of conversations with bankers and technologists, and realised something recently.