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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
GENERATING DIGITAL LEADS Unfortunately, in 2020, most bank websites are nothing more than brochure-ware. That is a problem as not only can a bank’s website be its most efficient source leads, but it should also be the best source of conversions (leads that turn into new accounts and loans). 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
This blog outlines how banks are implementing digital transformation strategies. Digital Transformation Financial Services digital transformation Digital Transformation Strategies Post-Digital TransformationPreviously , I analyzed the current themes in banking according to executives. MORE
Below, we highlight our ten considerations when developing a payments strategy. 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
The post Podcast: A Bank Strategy that Bridges the Gap appeared first on ABA Banking Journal. "When you think about what's happening in America, there's a bifurcation that's happening," says Orvin Kimbrough. 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
Walmart President and CEO Doug McMillon said during a strategy meeting that supercenters are the focus of the company’s plan. The refocusing on the massive stores that Walmart began crating in 1980 marks a departure from a strategy laid out only a year prior. 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
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
Open Banking Fuels API Strategy Shifts. Small to medium-sized businesses (SMBs) need more support from their banks than ever to handle today’s increasingly fragmented global economy. MORE
Indirect loans are becoming increasingly popular in the modern lending landscape. 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
I grew up in payments. In the mid-90s, I cut my teeth on Standard Entry Class codes, Return Reason codes, and the logistics of batch clearing and time-based risk in ACH. I know. Sexy, right? In Payments Land, geeks like me loved to talk shop. Still do. MORE
To learn more about how N26 is changing its customer service strategy to better appeal to U.S. Challenger banks with a couple of operating years behind them are beginning to get a taste of the problems they handed to legacy banking institutions. 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 this episode, Suman Bhattacharyya, senior editor, and Angely Mercado, associate editor, discuss the following news developments: Corporate card and financial product startup Brex’s marketing strategy; Inspired Capital’s recent investment in business banking platform Rho; and […]. 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
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
Carousel Customer Experience Innovation Strategy Product Design Retail Banking Barclays Lloyds Monzo N26 revolut Virgin MoneyVirgin Money is making a play for the mass affluent. The brand released a new current account for U.K. MORE
As banks seek to build relationships with customers, they’re not fully exploiting the potential of gaming as a strategy for loyalty and retention, suggest analysts at Javelin Strategy & Research. MORE
Strapped for time to implement these strategies? Setting up your ALM model to satisfy regulators isn’t particularly difficult; however, getting the most mileage out of your institution’s ALM process can be challenging if you don’t recognize the strategies and benefits ALM can offer. 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
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
A company that operates quietly in the background of popular financial apps and platforms is taking steps to become more visible. 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. ?
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Bank Innovation
JANUARY 13, 2020
As banks seek to build relationships with customers, they’re not fully exploiting the potential of gaming as a strategy for loyalty and retention, suggest analysts at Javelin Strategy & Research.
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.
Abrigo
JANUARY 10, 2020
Strapped for time to implement these strategies? Setting up your ALM model to satisfy regulators isn’t particularly difficult; however, getting the most mileage out of your institution’s ALM process can be challenging if you don’t recognize the strategies and benefits ALM can offer.
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.
PYMNTS
SEPTEMBER 12, 2019
Walmart has revealed it is testing out a fee-based service called “Fulfilled by Walmart.”. The company’s U.S.
SWBC's LenderHub
JANUARY 23, 2020
Indirect loans are becoming increasingly popular in the modern lending landscape.
Bank Innovation
DECEMBER 16, 2019
Carousel Customer Experience Innovation Strategy Product Design Retail Banking Barclays Lloyds Monzo N26 revolut Virgin MoneyVirgin Money is making a play for the mass affluent. The brand released a new current account for U.K.
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?
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.
Perficient Financial Servies
DECEMBER 17, 2019
This blog outlines how banks are implementing digital transformation strategies. Digital Transformation Financial Services digital transformation Digital Transformation Strategies Post-Digital TransformationPreviously , I analyzed the current themes in banking according to executives.
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?
Banker to Banker
JANUARY 12, 2020
GENERATING DIGITAL LEADS Unfortunately, in 2020, most bank websites are nothing more than brochure-ware. That is a problem as not only can a bank’s website be its most efficient source leads, but it should also be the best source of conversions (leads that turn into new accounts and loans).
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.
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
DECEMBER 6, 2019
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.
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?
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.
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
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.,
PYMNTS
DECEMBER 23, 2019
Walmart President and CEO Doug McMillon said during a strategy meeting that supercenters are the focus of the company’s plan. The refocusing on the massive stores that Walmart began crating in 1980 marks a departure from a strategy laid out only a year prior.
PYMNTS
JANUARY 16, 2020
Open Banking Fuels API Strategy Shifts. Small to medium-sized businesses (SMBs) need more support from their banks than ever to handle today’s increasingly fragmented global economy.
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
MAY 24, 2019
Wells Fargo, through its partnership with cross-border B2B payments provider TransferMate, is showing its global payments ambitions.
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.
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.
ABA Community Banking
JANUARY 15, 2020
The post Podcast: A Bank Strategy that Bridges the Gap appeared first on ABA Banking Journal. "When you think about what's happening in America, there's a bifurcation that's happening," says Orvin Kimbrough.
Strategically Speaking
JANUARY 21, 2020
I grew up in payments. In the mid-90s, I cut my teeth on Standard Entry Class codes, Return Reason codes, and the logistics of batch clearing and time-based risk in ACH. I know. Sexy, right? In Payments Land, geeks like me loved to talk shop. Still do.
PYMNTS
DECEMBER 13, 2019
To learn more about how N26 is changing its customer service strategy to better appeal to U.S. Challenger banks with a couple of operating years behind them are beginning to get a taste of the problems they handed to legacy banking institutions.
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.
Bank Innovation
DECEMBER 13, 2019
In this episode, Suman Bhattacharyya, senior editor, and Angely Mercado, associate editor, discuss the following news developments: Corporate card and financial product startup Brex’s marketing strategy; Inspired Capital’s recent investment in business banking platform Rho; and […].
Banker to Banker
SEPTEMBER 12, 2019
Below, we highlight our ten considerations when developing a payments strategy.
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
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.
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
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
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.
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