Fast follower strategies = final failures

Chris Skinner

I was having dinner with a friend the other night, when he asked me: “what do you think about the fast follower strategy?” He then added that the major bank he’s working with are proud that this is their strategy.

Open Banking: Strategy and Presentation

Chris Skinner

Open Banking Strategy and Business Model from Chris Skinner And just in case it doesn’t make sense, here’s a … The post Open Banking: Strategy and Presentation appeared first on Chris Skinner's blog. I haven’t given away my slides and presentation for a while, as it’s part of my unique armoury, but I’m bored with my latest slide deck so here it is. ?

Funding Circle surpasses $10b in loans, plans aggressive partnership strategy

Bank Innovation

The nine-year-old company plans to continue to develop its “partnership strategy,” Bernard Martinez, U.S. Carousel Corporate Banking Innovation Strategy Lending Premium Startups Funding Circle online lenders peer-to-peer lending recessionFunding Circle, the U.K.-based

Is your sales performance management mid-year correction strategy effective?

Insights on Business

Building a strategy and doing the right planning in order to achieve corporate objectives is the key to any business, and no doubt, planning sales compensation plays a crucial role in meeting those goals. What are some of the strategies or effective approaches you can turn to?

Changing Payments and Bank Strategy

Banker to Banker

BANK STRATEGY One item that should be on every bank’s strategic horizon is how to adapt to the changing face of payments. If you are one of those bankers that say, “Cash won’t go away in my lifetime,” you could be right.

Hong Kong’s FinTech Strategy

Chris Skinner

So I was intrigued to see Hong Kong issue their FinTech strategy today. It will be important for Hong Kong to seek new job and business … The post Hong Kong’s FinTech Strategy appeared first on Chris Skinner's blog.

Inside N26’s US Fraud Protection Strategy

PYMNTS

In the latest Digital Fraud Tracker , PYMNTS examines how fraudsters are utilizing mobile and app-based channels for fraud attacks, as well as why fraudsters are still relying on phishing as a major fraud strategy even as they increase their use of new technologies and techniques.

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Temenos Chief Strategy Officer Leaves Company

Bank Innovation

Ben Robinson, chief strategy officer of Temenos, has left the company. Robinson was a key member of Temenos’s innovation operation, taking a leadership role, among other responsibilities, in managing Temenos’s engagement with the fintech startup ecosystem.

What's your cash strategy?

ATM Marketplace

It's a complex question with a simple answer: You need a cash strategy How do you future-proof your operations around paper currency while battling pervasive theories that have convinced 2 in 3 Americans they'll live to see the day cash goes extinct?

Is it better to have a great strategy implemented badly or a bad strategy implemented well?

Chris Skinner

I was at a presentation where Robin Speculand, Singapore-based author and speaker, asked: Is it better to have a great strategy implemented badly or a bad strategy implemented well?

Should Your Digital Marketing Strategy be Your Only Marketing Strategy?

ForwardBanker

They say the financial services industry is a decade behind other industries with the move to digital marketing strategies. The post Should Your Digital Marketing Strategy be Your Only Marketing Strategy?

BofA Opening More Financial Centers to Support Digital Strategy

Bank Innovation

While many banks are shutting down branches, Bank of America is adopting a "high-tech, high-touch" strategy, which will result in the addition of 350 branches, or what it calls "financial centers," across the country over the next two years.

Inside Wells Fargo’s global payments strategy

Bank Innovation

Wells Fargo, through its partnership with cross-border B2B payments provider TransferMate, is showing its global payments ambitions.

Bankers reflect on failures as they evolve their customer strategies

Bank Innovation

The idea of a customer-obsessed culture, Amazon’s oft-cited mantra, is making its way into bankers’ customer approaches. One pillar of this is owning up to failures.

 Uber And Lyft Earnings Tell Tales Of Two Strategies

PYMNTS

For Lyft, the strategy crystalizes along transport and management has said that revenue per active rider remains a key driver of results. The difference in strategy is spotlighted across a few metrics.

SMBs Shift Their Cash Management Strategies

PYMNTS

Recent data has warned that small business (SMB) optimism is beginning to drop after months of record highs. It wasn’t altogether unexpected, though: After all, what goes up must come down. Yet, amid talk of declining optimism and an impending recession in the U.S.,

How PSD2 Is Changing ING Bank’s API Strategy

PYMNTS

Banks and merchants are racing to meet the Strong Customer Authentication (SCA) deadline as September 2019 approaches.

Why Small Business Owners Should Always Have An Exit Strategy

PYMNTS

Yet, once a company starts to churn a profit, business owners rarely consider their strategy of an eventual exit or sale. Hundreds of thousands of new small businesses (SMBs) open their doors every year in the U.S., be them physical or digital.

Components of a Data Governance Strategy in Financial Services

Perficient Financial Servies

In this post, I discuss the components needed to design a data governance strategy. A comprehensive program to manage data consists of a number of components: Data Strategy & Architecture.

Starling Debuts New Business Lending Strategy

PYMNTS

challenger Starling Bank is moving forward with plans to introduce business lending services, reports in Specialist Banking said this week, with the bank revealing new details about its strategy.

Developing a PaaS Migration Strategy

Perficient Financial Servies

In this blog we will look at the steps to create a migration strategy to PaaS including re-platforming legacy applications. Application migrations are often tied to a larger business-level, digital-transformation strategy.

Lloyds Bank Marks $4.1B for Digital Strategy

Bank Innovation

British bank Lloyds has put aside £3 billion ($4.1 billion) for digital development and growth, the bank announced today.

Inside Citizens Bank’s point-of-sale lending strategy

Bank Innovation

As checkout loan startups like Affirm, Klarna and Bread garner funding and grow relationships with retailers, banks are putting up a formidable line of defense. Their pitch to retailers is their resources, data and brand recognition. Over the past two years, Providence, R.I.-based

Reckon Shifts Strategy In MYOB, Xero Rivalry

PYMNTS

Australian small business accounting company Reckon is shifting its competitive strategy against the industry’s top leaders, MYOB and Xero, reports in the Australian Financial Review said Tuesday (Feb.

Walmart Pivots On Brazil eCommerce Strategy, Focuses On Physical Stores

PYMNTS

The company is working in a new omnichannel strategy which will be later announced,” Walmart Brasil said in a statement on Friday (May 10). Walmart Brasil has announced it will shutter its eCommerce division in Brazil and focus on physical stores, according to a report by Reuters.

How to differentiate your mobile payments strategy

Mobile Payments Today

Keith McAuliffe, the general manager of the financial services sector for Solace, believes it's necessary for providers to to cultivate the right experience for individual audiences

Designing the Business Process Model to Implement Strategy

Perficient Financial Servies

For an operating model to be effective, there must be a clear strategy. Once the strategy has been set, leaders must effectively mobilize their teams and work among their peers to put plans in place.

3 Change Management Strategies to Drive Digital Transformation Success

Perficient Financial Servies

In all, projects that employ effective change management strategies are six times more likely to be successful than those that do not, according to Prosci. Working with the client, our OCM consultants led the development and execution of a readiness strategy.

Ant Financial’s Strategy for AI, Blockchain, Cybersecurity and more

Chris Skinner

I was honoured to accept to be the moderator of the afternoon and guess I was chosen because Alipay and Ant Financial are a … The post Ant Financial’s Strategy for AI, Blockchain, Cybersecurity and more appeared first on Chris Skinner's blog. I’ve been flying around a bit and was lucky enough to find myself onstage the other day, chairing the Ant Financial Technology Forum at Money20/20 Singapore.

Prospecting Strategies: Develop a Niche

MZ Bierly Consulting, Inc.

Can bankers interested in developing new business benefit from developing expertise in one or more segments or niches? I think they can. Niches can be a springboard to success in banking. Specialists with strong personal brands often attract quality leads.

Clearing Up The Strategy Fog

Gonzobanker

Do you know the strategy of the bank or credit union that you work for? Self-deception regarding life’s realities is a great coping strategy. You’re not alone, and it’s really not your fault that you don’t know your firm’s strategy.

Developing an MBL strategy

Abrigio

Since the new MBL rule from the NCUA went into effect in January, many credit unions are considering member business lending as a growth strategy. As discussed in a Sageworks whitepaper, “ Mitigating Top Member Business Lending Risks ”, developing a strategy is key to successful MBL growth. Whether you are developing a new MBL program or beefing up an existing one, an effective strategy plays an integral part to an MBL program’s success or failure.

Creating an Effective Financial Services Marketing Strategy for Millennials

Bank Innovation

On the surface, a financial services marketing strategy is not completely different than a marketing strategy for any other industry. A financial services marketing strategy must be more rigorous and well-thought-out in order to be successful.

Capital One’s commercial cards strategy zeros in on real-time capabilities

Bank Innovation

According to Raj Dutt, head of product strategy for commercial card at Capital One, there are about $15 trillion in […].

Lloyds and JPMorgan: a tale of two strategies

Chris Skinner

… The post Lloyds and JPMorgan: a tale of two strategies appeared first on Chris Skinner's blog. It’s interesting looking at banks’ strategic updates and how integral digital is to everything in the banks now. Now I don’t have time to read all of these updates and reviews, but two did catch my eye recently: Lloyds Banking Group in the UK and JPMorgan Chase in the USA. Digital Bank Fintech Grid Numbers Opinion

3 Digital Transformation Strategies to Leapfrog Your Competition

Perficient Financial Servies

Consequently, digital transformation strategies have become critical. 3 Digital Transformation Strategies to Consider: 1. The digital transformation strategies I share in this blog post draw from Perficient’s e-book, “ How to Make Digital Transformation Gains in 2019.”

Goldman Eyes FinTech As Investment — And As Strategy

PYMNTS

Goldman Sachs as FinTech player? Goldman Sachs has been around since 1869, and may exist in the mind’s eye with pile carpeting, wood paneling and being among the more entrenched players in traditional wealth management and on Wall Street.

Satisfaction With Anti-Fraud Systems Linked To Platform Strategy

PYMNTS

The Payments 2022 Playbook : Building A High-Performing Payments Team For Fraud Detection examines the growth strategies of digital platforms over the next three years, how payments teams are facing the challenges of fraud detection and how satisfied they are with their current systems.

System 170

BTG’s CEO Presses Digital Strategy in Midsize Banking Push

Bank Innovation

Roberto Sallouti feels like he just went through college all over again. The 47-year-old chief executive officer of Banco BTG Pactual SA, a fixed-income trading veteran, said he spent the past four years digging into subjects such as cloud computing, performance marketing and data-analytics metrics.

Viewing Mobile Payments Strategy Holistically

Celent Banking

As one year anniversary of Apple Pay approaches, banks have to make more decisions about their mobile payments strategy. The answer is that banks have to view their mobile payments strategy holistically. Android Pay launched in the US a few days ago, and Samsung Pay is expected to be available there soon as well. Should a bank just stick with Apple Pay or enable their cards with all the “pays”?

Inside Citigroup’s Digital-First Strategy

Bank Innovation

Citigroup has a digital-heavy, branch-light business approach that extends beyond its National Digital Bank platform (announced in March and currently in testing phase), according to Stephen Bird, CEO of Citi’s Global Consumer Banking. For starters, Citigroup doesn’t have many physical branches, and it has no plans of changing that, according to Bird, who spoke yesterday […].

Facebook Tracker: Slowdown Strategies

PYMNTS

That’s not the only strategy the social media giant plans to deploy, though. Facebook is bent on its strategy to become the next big video hub, and it’s willing to spend up to $1 billion in 2018 to do it. Facebook expects a slowdown in its core business in the near future, a prediction that has been cited as a primary driver behind its launch of Facebook Watch.

Bolstered by $460m, Klarna to ramp up investment strategy beyond the US

Bank Innovation

Klarna, flush with $460 million of new equity funding, is planning to conquer New Zealand and Australia, not just the U.S. Expansion to the two Oceana markets were added are at the behest of Commonwealth Bank of Australia, Australia’s largest retail and commercial bank.