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. ?

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.

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?

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.

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.

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.

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.

Smart Money Banking On SmartRent’s Smart Home Strategy?

PYMNTS

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.

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.,

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.

Should Your Digital Marketing Strategy be Your Only Marketing Strategy?

ForwardBanker

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?

Starling Debuts New Business Lending Strategy

PYMNTS

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.

Walmart Pivots On Brazil eCommerce Strategy, Focuses On Physical Stores

PYMNTS

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.

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.

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?

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.

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.

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.

3 Digital Transformation Strategies to Leapfrog Your Competition

Perficient Financial Servies

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.”

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

Core System Strategy: The Era of the ‘Big Bets’

Gonzobanker

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.

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.

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.

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.

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.

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.

Developing an MBL strategy

Abrigio

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.

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.

2 IT Modernization Strategies to Avoid the Complacency Death Spiral

Perficient Financial Servies

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 Among Top API Strategy and Delivery Service Providers

Perficient Financial Servies

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.

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

Supply Chain Strategies Forge Closer Ties With Shareholder Value

PYMNTS

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.

Facebook Tracker: Slowdown Strategies

PYMNTS

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 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.

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

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”?

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.

Trends 211

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 […].

BankMobile’s White Label Strategy Takes Form with T-Mobile Partnership

Bank Innovation

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.

Podcast: A $4 Billion Bank’s Nationwide Affordable Housing Strategy

ABA Community Banking

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.

How to Properly Plan Your IT Strategy

Independent Banker

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.

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.