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
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
Therefore, implementing IT modernization strategies has become critical. 2 IT Modernization Strategies to Consider Now: 1. My insights into IT modernization strategies for this blog post draw from Perficient’s e-book, “ How to Make Digital Transformation Gains in 2019.” 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
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
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
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
The company is working in a new omnichannel strategy which will be later announced,” Walmart Brasil said in a statement on Friday (May 10). Walmart Brasil has announced it will shutter its eCommerce division in Brazil and focus on physical stores, according to a report by Reuters. 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
APIs and API business strategy are essential as digital conduits to products, data, collaborative business processes, and service offerings. . report , “The Forrester Wave : Specialist API Strategy and Delivery Service Providers, Q2 2019,” the research firm cited Perficient as a Strong Performer and one of “the seven providers that matter most.” We are honored to receive this recognition for our API strategy and delivery skills. 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
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
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
The Payments 2022 Playbook : Building A High-Performing Payments Team For Fraud Detection examines the growth strategies of digital platforms over the next three years, how payments teams are facing the challenges of fraud detection and how satisfied they are with their current systems. 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
Is the smart money banking on SmartRent’s smart home strategy? News comes Wednesday (June 19) that, per Reuters, SmartRent has landed $32 million in funding from Bain Capital Ventures and other investors. MORE
Digital-only bank BankMobile is offering its technology and services to other companies to maximize reach, a 'white-label' strategy that offers access to millions more users. MORE
Every core vendor is now coming up with an integration strategy. Because all of the major players are reluctant to work together, we anticipate the integration strategy will come together much later than what is being advertised. Welcome to the sleepy world of core banking systems. 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
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
The post Podcast: A $4 Billion Bank’s Nationwide Affordable Housing Strategy appeared first on ABA Banking Journal. As banks across the country mark American Housing Month in June, the ABA Banking Journal Podcast sat down with Michael Petrie, who leads the $4 billion Merchants Bancorp in Carmel, Ind. -- one of the nation's largest affordable housing lenders. 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
Planning an IT strategy for any organization is challenging, but financial institutions face additional complexities due to regulatory and security requirements. Your IT strategy must be laser focused in order to be successful. Strategies and Technologies that Will Help You Grow. 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
Host Will Hernandez, discusses the rise of digital identity, how mobile affects the digital identity, with Equifax Mobile Strategy Leader, Hrishi Talwar 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
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
Consequently, digital transformation strategies have become critical. 3 Digital Transformation Strategies to Consider: 1. The digital transformation strategies I share in this blog post draw from Perficient’s e-book, “ How to Make Digital Transformation Gains in 2019.” 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
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
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.
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.
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
MAY 24, 2019
Wells Fargo, through its partnership with cross-border B2B payments provider TransferMate, is showing its global payments ambitions.
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
JUNE 19, 2019
Is the smart money banking on SmartRent’s smart home strategy? News comes Wednesday (June 19) that, per Reuters, SmartRent has landed $32 million in funding from Bain Capital Ventures and other investors.
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
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.
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?
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.
PYMNTS
MAY 10, 2019
The company is working in a new omnichannel strategy which will be later announced,” Walmart Brasil said in a statement on Friday (May 10). Walmart Brasil has announced it will shutter its eCommerce division in Brazil and focus on physical stores, according to a report by Reuters.
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.
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?
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
FEBRUARY 21, 2018
British bank Lloyds has put aside £3 billion ($4.1 billion) for digital development and growth, the bank announced today.
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
MAY 7, 2019
Consequently, digital transformation strategies have become critical. 3 Digital Transformation Strategies to Consider: 1. The digital transformation strategies I share in this blog post draw from Perficient’s e-book, “ How to Make Digital Transformation Gains in 2019.”
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
Gonzobanker
JUNE 18, 2019
Every core vendor is now coming up with an integration strategy. Because all of the major players are reluctant to work together, we anticipate the integration strategy will come together much later than what is being advertised. Welcome to the sleepy world of core banking systems.
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.
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.
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.
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.
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.
Abrigio
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.
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.
Perficient Financial Servies
MAY 21, 2019
Therefore, implementing IT modernization strategies has become critical. 2 IT Modernization Strategies to Consider Now: 1. My insights into IT modernization strategies for this blog post draw from Perficient’s e-book, “ How to Make Digital Transformation Gains in 2019.”
Perficient Financial Servies
APRIL 25, 2019
APIs and API business strategy are essential as digital conduits to products, data, collaborative business processes, and service offerings. . report , “The Forrester Wave : Specialist API Strategy and Delivery Service Providers, Q2 2019,” the research firm cited Perficient as a Strong Performer and one of “the seven providers that matter most.” We are honored to receive this recognition for our API strategy and delivery skills.
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
PYMNTS
APRIL 16, 2019
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.
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.
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.
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
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
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.
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 […].
Bank Innovation
MAY 14, 2019
Digital-only bank BankMobile is offering its technology and services to other companies to maximize reach, a 'white-label' strategy that offers access to millions more users.
ABA Community Banking
JUNE 19, 2019
The post Podcast: A $4 Billion Bank’s Nationwide Affordable Housing Strategy appeared first on ABA Banking Journal. As banks across the country mark American Housing Month in June, the ABA Banking Journal Podcast sat down with Michael Petrie, who leads the $4 billion Merchants Bancorp in Carmel, Ind. -- one of the nation's largest affordable housing lenders.
Independent Banker
AUGUST 1, 2016
Planning an IT strategy for any organization is challenging, but financial institutions face additional complexities due to regulatory and security requirements. Your IT strategy must be laser focused in order to be successful. Strategies and Technologies that Will Help You Grow.
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.
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