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. ?

Why Small Business Owners Should Always Have An Exit Strategy


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.

SMBs Shift Their Cash Management Strategies


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.,

Starling Debuts New Business Lending Strategy


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.

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?

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.

Reckon Shifts Strategy In MYOB, Xero Rivalry


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


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


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

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.

TRENDING: Inside GDPR’s Enforcement Strategies


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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Facebook Tracker: Slowdown Strategies


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.

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


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.

WEX Continues M&A Strategy With EG Fuel Card Takeover


M&A is a key component of WEX’s growth strategy. After posting better-than-expected fourth-quarter earnings results, commercial payments firm WEX announced plans to acquire the fuel card assets of EG Group, Go Fuel Card. In a press release on Monday (March 25), WEX said it will acquire Go Fuel Card, the fuel card operations of the European fuel station EG Group. The unit, based in the Netherlands, will broaden WEX’s fleet payments operations across Europe.

Crowe: Risk Management With RegTech As Strategy


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.

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.

Making Strategy A Numbers Game


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.

Bank Branches Embrace New Strategies as Closures Abound

Bank Innovation

The migration of consumers to online and mobile banking options, in addition to automation and other technological forces, has helped fuel thousands of bank branch closures over the past few years. However, banks have hardly given up on figuring out new ways to transform branch banking.

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.

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.

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

How Open Banking Will Test Banks’ Data Security Strategies


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.

The Kaepernick Controversy And Nike’s High-Risk Strategy


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.

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.

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

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?

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

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.

Developing an MBL strategy


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.

QuickBridge Shifts SME Lending Strategy


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.

Target Pilots New Distribution Strategy


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.

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


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

Should Your Digital Marketing Strategy be Your Only Marketing Strategy?


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?

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 […].

Media monetization and growth strategies - white paper by Fortumo

Mobile Payments Today

In the white paper, we explain how telco partnerships are an organic match for digital publishers to grow their user base and revenue

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

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”?

MYOB Revises Data Strategy


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.

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.

Nuts and Bolts of Risk Management Strategy


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

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

Borderless Commerce — New Strategies To Drive Globalization And Crush Fraud


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.