INDUSTRY INSIGHTS YOUR PEERS ARE READING
British bank Lloyds has put aside £3 billion ($4.1 billion) for digital development and growth, the bank announced today. MORE
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. MORE
Investing in digital ordering experiences is now a core part of the company’s business model, according to Nicole West, Chipotle’s vice president of digital strategy and product. MORE
INCREASING LENDING PROFITABILITY Many industry analysts are increasingly gloomy on the banking industry, trimming expectations for net interest margin, interest income, and total profits. MORE
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? MORE
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., MORE
Banks and merchants are racing to meet the Strong Customer Authentication (SCA) deadline as September 2019 approaches. MORE
Below, we highlight our ten considerations when developing a payments strategy. MORE
Technology is an essential ingredient that connects consumers with their favorite food brands. Whether they have a hankering for burgers, pizza, tacos and any other type of fare, consumers have a wide range of digital channels to place orders for delivery or for eating in-restaurant. MORE
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. MORE
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. MORE
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? MORE
Robo-adviser Wealthfront wants to become the center of its customers' financial lives. To do so, it's steadily added products beyond its core investment offerings, including a personal finance management tool called Path and banking services. MORE
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. MORE
Artificial Intelligence Carousel Innovation Strategy Premium Retail Banking Amazon Alexa TD Ameritrade trading voice bankingAs financial services companies consider the next wave of interaction technologies, TD Ameritrade is making the case for voice as a channel. MORE
But what does an effective strategy look like and how can businesses successfully create and execute against it As digital channel growth shows no sign of slowing down, it represents a significant revenue opportunity for brands, retailers and other consumer-facing businesses. MORE
It’s a strategy that’s yielding results for the bank. Carousel Corporate Banking Innovation Strategy Lending Bank of America BofA small business bankingDigital-only lenders tout the speed and efficiency of their user experiences. MORE
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. MORE
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 MORE
Call it maybe — just maybe — a prudent financial management strategy, with the thesis that not all debt is created equal. The strategy may pay dividends — and may set consumers to remain a healthy (still) engine of economic growth. Call it a case of six of one, half dozen of the other. MORE
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. MORE
Which of the above would apply to We’s IPO strategy? That last strategy speaks volumes. Investing in IPO s is a bit like dating. The firms going public want to make themselves look as attractive as possible. MORE
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. MORE
dollar as their currency of choice on the black market, which means American banks must alter their anti-fraud and AML strategies — especially as regulatory fragmentation divides the U.S. FIs will have to consider consumers as they craft strategies to shut cybercriminals down. MORE
Five Dutch banks recently formed a group to protect their systems against money launderers, but only after three of them shook off fines and anti-money laundering (AML) strategy investigations. AML Strategies and Innovation Quirks. MORE
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. MORE
In our dealing with hundreds of banks and thousands of borrowers, we observe strategies and structures that have worked for our customers. We would like to share ten strategies that we and other community banks have effectively deployed to win bus MORE
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. MORE
When Square released its first set of developer application programming interfaces (APIs) about five years ago, the focus was to attract partners able to give its sellers tools to more effectively manage their point of sale data. MORE
For Personal Capital, the path to scale is to go broad. As a result, the Redwood Shores, Calif.-based MORE
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. MORE
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. MORE
Walmart has revealed it is testing out a fee-based service called “Fulfilled by Walmart.”. The company’s U.S. MORE
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. ? MORE
Expedia CEO Mark Okerstrom and CFO Alan Pickerill have resigned following a conflict over the company’s strategy, the company said in a press release on Wednesday (Dec. Eric Hart, chief strategy officer, will serve as acting CFO. MORE
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? MORE
Wells Fargo, through its partnership with cross-border B2B payments provider TransferMate, is showing its global payments ambitions. MORE
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 MORE
Though the tactic is unusual, cybersecurity experts warn the strategy could signal an increasing use of so-called “deepfake” technology to infiltrate systems and steal company cash. In response, however, cybersecurity companies, businesses, and government officials are similarly exploring new strategies to combat this threat. Below, PYMNTS looks at some of the numbers behind changing cybersecurity strategies. MORE
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? MORE
A company that operates quietly in the background of popular financial apps and platforms is taking steps to become more visible. MORE
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. MORE
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. MORE
Strategy Related Topics 
Chris Skinner
JUNE 17, 2019
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.
Chris Skinner
DECEMBER 9, 2018
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. ?
Bank Innovation
OCTOBER 3, 2019
It’s a strategy that’s yielding results for the bank. Carousel Corporate Banking Innovation Strategy Lending Bank of America BofA small business bankingDigital-only lenders tout the speed and efficiency of their user experiences.
Chris Skinner
MAY 10, 2017
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.
Bank Innovation
NOVEMBER 7, 2019
Artificial Intelligence Carousel Innovation Strategy Premium Retail Banking Amazon Alexa TD Ameritrade trading voice bankingAs financial services companies consider the next wave of interaction technologies, TD Ameritrade is making the case for voice as a channel.
Banker to Banker
JULY 10, 2019
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.
PYMNTS
SEPTEMBER 12, 2019
Walmart has revealed it is testing out a fee-based service called “Fulfilled by Walmart.”. The company’s U.S.
Mobile Payments Today
OCTOBER 15, 2019
But what does an effective strategy look like and how can businesses successfully create and execute against it As digital channel growth shows no sign of slowing down, it represents a significant revenue opportunity for brands, retailers and other consumer-facing businesses.
Chris Skinner
NOVEMBER 30, 2017
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?
Bank Innovation
AUGUST 16, 2019
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
ATM Marketplace
APRIL 19, 2019
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?
Bank Innovation
MAY 3, 2019
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.
Insights on Business
AUGUST 5, 2019
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?
Bank Innovation
JUNE 11, 2019
Robo-adviser Wealthfront wants to become the center of its customers' financial lives. To do so, it's steadily added products beyond its core investment offerings, including a personal finance management tool called Path and banking services.
PYMNTS
JULY 24, 2019
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.
Bank Innovation
OCTOBER 11, 2019
A company that operates quietly in the background of popular financial apps and platforms is taking steps to become more visible.
Bank Innovation
APRIL 16, 2019
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.
PYMNTS
APRIL 8, 2019
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.,
Perficient Financial Servies
OCTOBER 16, 2018
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.
Bank Innovation
MAY 24, 2019
Wells Fargo, through its partnership with cross-border B2B payments provider TransferMate, is showing its global payments ambitions.
PYMNTS
OCTOBER 11, 2019
Five Dutch banks recently formed a group to protect their systems against money launderers, but only after three of them shook off fines and anti-money laundering (AML) strategy investigations. AML Strategies and Innovation Quirks.
PYMNTS
DECEMBER 4, 2019
Expedia CEO Mark Okerstrom and CFO Alan Pickerill have resigned following a conflict over the company’s strategy, the company said in a press release on Wednesday (Dec. Eric Hart, chief strategy officer, will serve as acting CFO.
PYMNTS
APRIL 8, 2019
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.
PYMNTS
MARCH 8, 2019
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.
Bank Innovation
FEBRUARY 21, 2018
British bank Lloyds has put aside £3 billion ($4.1 billion) for digital development and growth, the bank announced today.
Banker to Banker
SEPTEMBER 12, 2019
Below, we highlight our ten considerations when developing a payments strategy.
PYMNTS
SEPTEMBER 9, 2019
Though the tactic is unusual, cybersecurity experts warn the strategy could signal an increasing use of so-called “deepfake” technology to infiltrate systems and steal company cash. In response, however, cybersecurity companies, businesses, and government officials are similarly exploring new strategies to combat this threat. Below, PYMNTS looks at some of the numbers behind changing cybersecurity strategies.
PYMNTS
SEPTEMBER 6, 2019
Which of the above would apply to We’s IPO strategy? That last strategy speaks volumes. Investing in IPO s is a bit like dating. The firms going public want to make themselves look as attractive as possible.
PYMNTS
FEBRUARY 13, 2019
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.
Banker to Banker
AUGUST 21, 2019
INCREASING LENDING PROFITABILITY Many industry analysts are increasingly gloomy on the banking industry, trimming expectations for net interest margin, interest income, and total profits.
PYMNTS
NOVEMBER 26, 2019
Call it maybe — just maybe — a prudent financial management strategy, with the thesis that not all debt is created equal. The strategy may pay dividends — and may set consumers to remain a healthy (still) engine of economic growth. Call it a case of six of one, half dozen of the other.
PYMNTS
AUGUST 29, 2019
When Square released its first set of developer application programming interfaces (APIs) about five years ago, the focus was to attract partners able to give its sellers tools to more effectively manage their point of sale data.
PYMNTS
OCTOBER 14, 2019
dollar as their currency of choice on the black market, which means American banks must alter their anti-fraud and AML strategies — especially as regulatory fragmentation divides the U.S. FIs will have to consider consumers as they craft strategies to shut cybercriminals down.
PYMNTS
JULY 16, 2019
Banks and merchants are racing to meet the Strong Customer Authentication (SCA) deadline as September 2019 approaches.
Bank Innovation
JULY 31, 2019
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.
PYMNTS
SEPTEMBER 11, 2019
Technology is an essential ingredient that connects consumers with their favorite food brands. Whether they have a hankering for burgers, pizza, tacos and any other type of fare, consumers have a wide range of digital channels to place orders for delivery or for eating in-restaurant.
Bank Innovation
SEPTEMBER 9, 2019
For Personal Capital, the path to scale is to go broad. As a result, the Redwood Shores, Calif.-based
Gonzobanker
JUNE 22, 2015
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.
Mobile Payments Today
APRIL 3, 2018
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
Chris Skinner
MARCH 26, 2018
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.
Abrigo
FEBRUARY 2, 2017
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.
Banker to Banker
NOVEMBER 18, 2015
In our dealing with hundreds of banks and thousands of borrowers, we observe strategies and structures that have worked for our customers. We would like to share ten strategies that we and other community banks have effectively deployed to win bus
ForwardBanker
SEPTEMBER 2, 2017
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?
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