Fast follower strategies = final failures

Chris Skinner

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.

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. ?

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Facing pressure, HSBC rethinks US strategy

Bank Innovation

Carousel Innovation Strategy Payments Retail Banking digital banking HSBCHSBC, a global bank with $2.7 trillion in assets, is blazing a new path for its U.S. business as it cuts $4.5 billion in costs and reallocates capital away from underperforming units.

PayPal highlights Venmo profit strategy

Bank Innovation

In a fourth-quarter earnings report Wednesday, PayPal CEO Dan Shulman told investors the company is pushing ahead on its Venmo monetization strategy. PayPal reports that peer-to-peer payments tool Venmo is on a path to profitability.

Afterpay taps Marqeta to fuel US growth strategy

Bank Innovation

Carousel Innovation Strategy Payments Premium Afterpay Marqeta payments VisaMarqeta, a card issuing and processing startup, is partnering with installment lender Afterpay to provide payments solutions for merchants in North America.

Afterpay taps Marqeta to fuel US growth strategy

Bank Innovation

Carousel Daily Post 1 Innovation Strategy Payments Premium Afterpay Marqeta payments VisaMarqeta, a card issuing and processing startup, is partnering with installment lender Afterpay to provide payments solutions for merchants in North America.

Digital and human: Inside BofA’s small business strategy

Bank Innovation

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.

Banks are underusing gamification, Javelin Strategy says

Bank Innovation

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.

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.

Why Regional Supermarkets Need To Change Their Strategy

PYMNTS

Retail grocery News regional strategy SupermarketsToilet paper and bleach may be flying off the shelves right now, but regional grocers are fighting to stay alive.

Fine-Tuning ALM Strategies for 2020

Abrigo

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.

Changing Payments and Bank Strategy

Banker to Banker

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.

Why voice is integral to TD Ameritrade’s customer strategy

Bank Innovation

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.

Walmart To Pilot Third-Party Fulfillment Strategy

PYMNTS

Walmart has revealed it is testing out a fee-based service called “Fulfilled by Walmart.”. The company’s U.S.

Alipay Launches Strategy For Massive Digital Evolution In China

PYMNTS

Ant Financial , a division of China’s eCommerce giant Alibaba, has launched a three-year strategy to make its Alipay mobile app platform available to 40 million service providers so they can digitize their offerings, Alipay said in a press release on Tuesday (March 10).

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?

Funding Circle surpasses $10b in loans, plans aggressive partnership strategy

Bank Innovation

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

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?

4 keys to a successful retail digital engagement strategy

Mobile Payments Today

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.

Yoga classes and podcast studios: Behind Virgin Money’s community strategy

Bank Innovation

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.

The Clearing House’s Strategies To Drive RTP Uptake

PYMNTS

according to Steve Ledford, TCH’s senior vice president of Product Strategy and Development. Even the most convenient, feature-filled payment rails will fall flat if nobody can be convinced to try them.

Temenos Chief Strategy Officer Leaves Company

Bank Innovation

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.

Is your sales performance management mid-year correction strategy effective?

Insights on Business

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?

Inside Wealthfront’s lifelong customer loyalty strategy

Bank Innovation

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.

How Are Banks Implementing Digital Transformation Strategies?

Perficient Financial Servies

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.

Inside N26’s US Fraud Protection Strategy

PYMNTS

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.

Unwrapping Chipotle’s Evolving Digital Ordering Strategy

PYMNTS

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.

SMBs Shift Their Cash Management Strategies

PYMNTS

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.,

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.

Develop Your Digital Strategy for Flexibility & Relevance

ZootBlog

The post Develop Your Digital Strategy for Flexibility & Relevance appeared first on Zoot Solutions. Customer Experience Operational Efficiency Risk Management Trends customer experience digital banking innovation mobile banking online banking risk management user experience

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.

Santander US names chief strategy officer

American Banker

Growth strategies Strategic planning Succession planning Consumer banking Edit License Santander Santander Consumer USAIn the newly created role, Daniel Budington will be responsible for developing strategic partnerships and identifying growth opportunities.

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.

Inside Wells Fargo’s global payments strategy

Bank Innovation

Wells Fargo, through its partnership with cross-border B2B payments provider TransferMate, is showing its global payments ambitions.

Why Small Business Owners Should Always Have An Exit Strategy

PYMNTS

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.