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
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. MORE
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. MORE
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 […]. 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
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. 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
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. 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
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. 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
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
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 MORE
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. MORE
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. MORE
In a new report from Maine Pointe and the Global Supply Chain Institute , researchers laid out the correlation between the development of a holistic supply chain strategy and an increase in shareholder value. MORE
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. MORE
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 MORE
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 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
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. 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
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. MORE
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. MORE
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. MORE
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”? MORE
Cyberattacks on American financial institutions are at an all-time high, with more and more cybercriminals eyeing consumers’ financial data and other sensitive information. MORE
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 MORE
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. MORE
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. MORE
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. 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
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. MORE
Host Will Hernandez, discusses the rise of digital identity, how mobile affects the digital identity, with Equifax Mobile Strategy Leader, Hrishi Talwar MORE
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. MORE
Italy’s Ministry of Economic Development has published a list of 30 experts who have been tasked to develop the country’s blockchain strategy. 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
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. 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
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
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
Strategy Related Topics 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. ?
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
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
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.
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
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
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.
PYMNTS
JANUARY 17, 2019
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.
PYMNTS
JANUARY 31, 2019
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
Bank Innovation
APRIL 5, 2019
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.
PYMNTS
MAY 23, 2018
Cyberattacks on American financial institutions are at an all-time high, with more and more cybercriminals eyeing consumers’ financial data and other sensitive information.
PYMNTS
SEPTEMBER 11, 2017
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.
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.
PYMNTS
NOVEMBER 26, 2018
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.
PYMNTS
MARCH 25, 2019
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.
PYMNTS
JUNE 25, 2018
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.
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
MAY 24, 2016
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 Innovation
MARCH 28, 2019
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.
Perficient Financial Servies
APRIL 16, 2019
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.
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.
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
PYMNTS
NOVEMBER 2, 2018
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.
PYMNTS
SEPTEMBER 8, 2018
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.
Bank Innovation
DECEMBER 20, 2018
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.
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
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 5, 2018
Host Will Hernandez, discusses the rise of digital identity, how mobile affects the digital identity, with Equifax Mobile Strategy Leader, Hrishi Talwar
MZ Bierly Consulting, Inc.
OCTOBER 23, 2017
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.
Sageworks
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.
PYMNTS
NOVEMBER 16, 2016
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.
PYMNTS
MAY 14, 2018
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.
PYMNTS
DECEMBER 30, 2018
Italy’s Ministry of Economic Development has published a list of 30 experts who have been tasked to develop the country’s blockchain strategy.
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?
Bank Innovation
MAY 30, 2018
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 […].
Mobile Payments Today
MARCH 22, 2019
In the white paper, we explain how telco partnerships are an organic match for digital publishers to grow their user base and revenue
Bank Innovation
JANUARY 29, 2019
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
Celent Banking
SEPTEMBER 17, 2015
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”?
PYMNTS
DECEMBER 19, 2016
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.
CU Direct
AUGUST 31, 2018
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.
Accenture
SEPTEMBER 25, 2015
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
Bank Innovation
FEBRUARY 12, 2018
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
PYMNTS
SEPTEMBER 13, 2016
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.
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