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. ?

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.

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.

Mondel?z Puts New Growth Strategy Into Motion

PYMNTS

As it sets a new strategy into motion to drive growth amid its presence in markets around the world, Mondel?z z International, Inc. reported fourth-quarter results that were in line with analysts’ expectations. The snack and confectionary company reported revenues of $6.8

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.

TechStyle Fashion’s Call Center Strategy

PYMNTS

Consumers want to look their best for all kinds of occasions — whether that entails taking holiday photos, the first day at a new job or going to a yoga class. Getting the right style often means turning to trusted brands to help them look and feel good. For many U.S.

TRENDING: Inside GDPR’s Enforcement Strategies

PYMNTS

Cyberattacks on American financial institutions are at an all-time high, with more and more cybercriminals eyeing consumers’ financial data and other sensitive information.

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Crowe: Risk Management With RegTech As Strategy

PYMNTS

Companies must align RegTech efforts with the organization’s strategy and overall objectives, ranging from geographic expansion to delivery channels. Marry tech and talent, then risk management can pay dividends, notes an upcoming PYMNTS webinar. However, for many financial services firms, RegTech’s (Regulatory Technology) potential is limited by any number of causes.

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.

How Open Banking Will Test Banks’ Data Security Strategies

PYMNTS

Prior to the kickoff of Open Banking, PSD2 and other such data-sharing trends, Agarwal told PYMNTS that he’s seen a shift in the strategy criminals use — moving from high-value, but less frequent theft gained from infiltrating bank accounts to lower-value, but far more frequent hauls.

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.

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?

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.

The Kaepernick Controversy And Nike’s High-Risk Strategy

PYMNTS

But as Thomas Ordahl, chief strategy officer at brand consulting firm Landor, noted, a little shot of controversy and conversation might just be the medicine Nike needs, as it has struggled in recent years to generate excitement around new products.

Making Strategy A Numbers Game

PYMNTS

I try to find time throughout the week, but always on Tuesdays, I dedicate a full day to strategy. Ed’s accomplishments include guiding private companies through private and public equity offerings, mergers and acquisitions and the development of financial strategies for growth.

Commercial Lending Strategies That Work

Banker to Banker

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

Umpqua Sees Cost Reductions with Tech-Driven NextGen Strategy

Bank Innovation

Umpqua Bank’s strategic plan to boost profitability and simplify operations by 2020, called NextGen, appears to be performing above expectations, according to the bank’s fourth-quarter earnings for 2018. The Roseburg, Ore.-based

Bitcoin Daily: Italy Develops Blockchain Strategy; Self-Proclaimed Bitcoin Creator Denied Lawsuit Dismissal

PYMNTS

Italy’s Ministry of Economic Development has published a list of 30 experts who have been tasked to develop the country’s blockchain strategy.

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

Podcast Episode 12: The Rise of Digital Identity with Equifax Mobile Strategy Leader, Hrishi Talwar

Mobile Payments Today

Host Will Hernandez, discusses the rise of digital identity, how mobile affects the digital identity, with Equifax Mobile Strategy Leader, Hrishi Talwar

Chief Strategy Officer discusses present and future of KIOSK Information Systems

Mobile Payments Today

Hans Peter Nudling, the recently appointed Chief Strategy Officer for the Posiflex Group, discusses the strategic direction of Posiflex since acquiring KIOSK Information Systems and Portwell Computing

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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.

Target Pilots New Distribution Strategy

PYMNTS

In an effort to restock stores faster, Target is experimenting with a new strategy to distribute products to its stores. The retailer is testing the new strategy at a warehouse in New Jersey. With the new strategy, he said the center could send stores “five bottles of shampoo, a case of ketchup, two polo shirts on hangers and a pallet of water, all prepared to move out directly to the sales floor.

QuickBridge Shifts SME Lending Strategy

PYMNTS

Quick Bridge Financial is revamping its strategy to provide working capital loans to SMEs. The alternative lender announced Tuesday (Nov. 15) that the company is now called QuickBridge and is expanding into the direct-to-business lending sector. The company offers a platform for SMEs to access short-term working capital financing.

Developing an MBL strategy

Sageworks

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.

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 […].

MYOB Revises Data Strategy

PYMNTS

Small business accounting platform MYOB recently made the migration to Amazon Web Services (AWS), and it’s taking its data along for the move. Reports Friday (Dec. 16) said Australia’s MYOB is consolidating all of its data onto AWS as it looks to streamline its data management efforts, which are currently divided among reporting teams.

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”?

For UMe Federal Credit Union, Incorporating an LOS Digital Strategy Delivered Double-Digit Loan Growth

CU Direct

Read more » The post For UMe Federal Credit Union, Incorporating an LOS Digital Strategy Delivered Double-Digit Loan Growth appeared first on CU Direct Blog.

U.S. Bank Chief Innovation Officer Dominic Venturo Talks Digital Strategy

Bank Innovation

One of the largest retail banks in America has a simple yet multifaceted innovation strategy. Bank Innovation spoke with U.S Bank Executive Vice President, Chief Innovation Officer, Dominic Venturo, on which direction the bank is headed, digitally.

Inside Barclaycard’s Co-Branding Strategy

Bank Innovation

EXCLUSIVE – What’s a bank to do when it’s core market is somewhere else and it’s trying to establish itself as a major player in a market already dominated by a set of major banks? The answer, at least to Barclaycard, is co-branding. Based in the U.K., Barclays is one of the major banks in Europe. […]. Cards Exclusive Innovations Mobile Open Fintech Payments Startups

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.

Borderless Commerce — New Strategies To Drive Globalization And Crush Fraud

PYMNTS

Alisdair is a technology entrepreneur and brings nearly two decades of industry experience to his role leading product management and strategy for ThreatMetrix. Armen leads worldwide marketing strategy and execution for ThreatMetrix.

Nuts and Bolts of Risk Management Strategy

Accenture

In my previous post we looked at the importance of crafting the right digitally-enabled risk management approach—a forward-looking strategy that helps encompass the rapid pace of technology change. Managing Risk Featured Risk management bank risk management risk management strategy

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

Killing Strategy: The Disruption Of Management Consulting

CB Insights

Before Bruce Doolin Henderson opened the doors of Boston Consulting Group on July 1, 1963, the concept of “competition” barely existed in American business culture, let alone the concept of strategy. Get exclusive access to our survey of 677 corporate strategy executives.

Pricing Strategies And Product Introduction

Banker to Banker

Introducing a new product is always a head scratcher for bankers. How to price and how to create a promotional incentive are just two of the many difficult questions that bankers have to solve. For example, do you price a new service with annual fees or monthly fees?

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.

Building a strategy for CAT preparedness

Insights on Business

It also allows you to effectively measure trading strategies to see what is working and what isn’t. One of the most exciting and intriguing financial services regulatory dramas is playing out right before our eyes. Concern over regulators getting hacked.

How Corporates Receive — And Revive — Investment Strategies

PYMNTS

Businesses today are extra careful about where they place their money — if they invest at all, that is. This week, we take a look at how companies are investing. In some cases, firms are investing in outsourced services to stay ahead of the competition. In other scenarios, it’s a business owner’s friends and family doing the investing. PYMNTS also explores the venture capital and lending spaces as professional investors make some changes and as businesses look to invest in themselves.

Introducing Chicken McChoices: McDonald’s Gets Aggressive On Kiosk Strategy

PYMNTS

It has also had to shift strategies to keep up with competition from other QSRs — which is no longer just about the “burger wars” between McDonald’s, Burger King and Wendy’s , but has expanded to the breakfast hour as more chains crowd into the category that — for a while at least — set McDonald’s apart. So, it’s clear that these strategies can succeed — it just depends on the market. McDonald’s has not had an easy road.

Beyoncé’s Platform Ignition Strategy

PYMNTS

A t PYMNTS we get to see and comment on any number of ignition strategies for any number of platforms. And then there are those that forgot that free is not an ignition strategy, so just fizzle away. But this week , we observed an ignition strategy that was perhaps the most unusual and, quite possibly, one of the more brilliant examples of creative thinking around platform ignition. We would not recommend, however, the Queen Bey ignition strategy for most platforms.

Turning Currency Volatility Into A Global FX Strategy

PYMNTS

Yet, understanding and developing a clear strategy for FX risk mitigation can be elusive, even for the largest firms. According to Frey, if an exchange rate shift of more than 10 percent would negatively impact a company’s PNL (profit and loss) or ability to generate revenue, then, regardless of size, that company should deploy an FX risk mitigation strategy.