Technology is business

Chris Skinner

Another interesting nuance of the FinTech Bank is the integration of business and technology. I’ve referenced this a few times, but wanted to be explicit that these banks think technology is business and business is technology.

2020: a decade in technology

Chris Skinner

Here are his top 10 things … The post 2020: a decade in technology appeared first on Chris Skinner's blog. As a regular BA traveller, I’m always pleased to pick up their magazine Business Life as it often has some interesting articles.

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The diversity of financial technologies

Chris Skinner

I do adjust the … The post The diversity of financial technologies appeared first on Chris Skinner's blog. I was listening to questions at a meeting this week where one of the audience asked if I needed to adjust what I say on my travels, to suit the culture of different countries.

AI is not a technology change but a cultural one

Chris Skinner

If you are a customer of Chinese financial services group Ping An, … The post AI is not a technology change but a cultural one appeared first on Chris Skinner's blog. Digital Bank Grid Opinion Technology

Are you in banking or technology?

Chris Skinner

That realisation is a simple but important one, and it is this: dealing with technology is very different to dealing with money; furthermore, dealing with money through technology is very different to dealing with technology through … The post Are you in banking or technology?

Banks need to be technology giants

Chris Skinner

It started as a ledger system a thousand years ago so that pilgrims could travel to the Holy Land under the … The post Banks need to be technology giants appeared first on Chris Skinner's blog. I got into one very interesting discussion with a digital banker.

Technology is business

Chris Skinner

Another interesting nuance of the FinTech Bank is the integration of business and technology. I’ve referenced this a few times, but wanted to be explicit that these banks think technology is business and business is technology.

Some banks are technology companies

Chris Skinner

I know that systems like Erica, short for Bank of AmErica, are up and running … The post Some banks are technology companies appeared first on Chris Skinner's blog. Case Studies Digital Bank Grid Innovation Numbers Opinion TechnologyI was having a chat about Artificial Intelligence (AI) in banking the other day. It was an interesting conversation, although most of the examples were for customer service via Chatbots, which doesn’t impress me much.

Is the world being democratised through technology?

Chris Skinner

Some countries are still reliant on cash whilst others are … The post Is the world being democratised through technology? Someone told me I should start a travel blog, as I fly more than most pigeons do. But I’m not sure my travel blog would be read so much.

Fintech foundations lie with both financial and technology people

Chris Skinner

Well, … The post Fintech foundations lie with both financial and technology people appeared first on Chris Skinner's blog. I was talking to a Securitisation conference the other day. Securitisation? What’s that?

SMB Growth Stumbles Over Technology

PYMNTS

Technology can “level the playing field” for small businesses to compete, Priest added, though another recent survey revealed that SMBs often struggle to use technology to its full advantage.

US Banks Expected To Lose 200K Jobs To Technology

PYMNTS

Mayo said, according to the outlet, “It’s been a rocky 25-year marriage for banking and technology, but it’s finally getting on course.”. Wells Fargo’s team of analysts in financial services and technology examined technology’s impact throughout the banking industry in the U.S.

Solving state corruption with technology

Chris Skinner

This is a blog about technology and finance, not the economy and politics. This idea is cropping up more and more … The post Solving state corruption with technology appeared first on Chris Skinner's blog.

How the world has changed with technology

Chris Skinner

As he made the introduction, he gave a personal account of how technology had changed the world during his lifetime. So, … The post How the world has changed with technology appeared first on Chris Skinner's blog.

Adopting Technology Without Eclipsing Human Interaction

PYMNTS

Quick-service restaurants (QSRs) are intensely competitive and have very little margin for error, causing many to employ technologies such as mobile apps and self-service kiosks.

UK Insurance Firms Slash Technology Coverage

PYMNTS

Sarah Stephens, cyber, media and technology practice leader at insurance broker Marsh TLC, said insurers are “choosing to exclude anything connected with technology,” and said clients were concerned.

Innovative Sales Models And Technologies In Retail

PYMNTS

Consumers pay a significant amount of money for beauty products, with much of the prices set by middlemen. Function of Beauty , however, aims to create a more functional direct-to-consumer (DTC) model designed to pair shoppers with custom-picked haircare products.

2020 technologies – the year of SD-WAN, PIE and 5G

Chris Skinner

Instead, I’ve hand-picked some of my favourite predictions made out there … The post 2020 technologies – the year of SD-WAN, PIE and 5G appeared first on Chris Skinner's blog. Start of a New Year and there are websites everywhere making predictions on everything from elections to economies. I used to write my own predictions but honestly cannot be bothered anymore when you have 1,000 other people doing it.

The High Stakes Of Supply Chain Technology

PYMNTS

Supply chain management has morphed into a strategic business initiative combining technological adoption, event forecasting and even politics: awareness of its complexities has never been higher thanks to threats of a trade war between the U.S. Technology to the Rescue — Maybe.

Technology is improving the world, not destroying it

Chris Skinner

For all the negative views of technology, the positive is that it is enabling and inclusive. The main critique of my book is that it is too optimistic about the future of technology, and should be more balanced. Future Grid Mobile Numbers Opinion Technology

Can Technology Save Bank Branches?

Bank Innovation

PREMIUM - When was the last time you went to your bank branch to deposit money? Still thinking? That's because most of the daily banking activity has shifted from branches to the smartphone. But that's not to say people don’t use bank branches at all.

Banks are not technology companies (yet)

Chris Skinner

I’ve been illustrating my frustration with incumbent banks for some time, saying that they lack technology leadership. Almost a third of my new book talks about the biggest challenge for banks to respond to Fintech, Big Data, Cloud, Blockchain and all those other issues is to have leadership.

Movencorp patents its personal finance technology

Bank Innovation

The road to differentiation among fintech startups entered a new phase this week: patenting technology to put a brand’s stamp on it forever. On Tuesday, personal finance technology startup Movencorp confirmed that it patented its digital financial wellness product.

How Technology And Market Trends Spawn Innovation

PYMNTS

In restaurant technology, cloud kitchens have emerged as a new model driven by the rise of online ordering. Today In Data AML athleisure Commerce Digital Banking DTC fraud protection Innovation News online ordering payments Restaurants Retail Technology Today in Data

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Leafbuyer Technologies Buys Greenlight Technologies To Expand Its Cannabis Markets

PYMNTS

Leafbuyer Technologies, the cannabis technology company, announced Thursday (November 8) it has acquired Greenlight Technologies, a California-based application development company.

We’re just a technology company that happens to have a banking licence

Chris Skinner

However, there is a massive difference between … The post We’re just a technology company that happens to have a banking licence appeared first on Chris Skinner's blog. I hear this a lot, and don’t like it. Many banks say it these days, and they say it to be cool.

Reaching Millennial Travelers With Payments Technology

PYMNTS

The travel and hospitality industries , however, are changing to accommodate more complex payment technologies. Hotels, airlines and homesharing platforms need strategies to satisfy the travel needs of four generations of jetsetters, who each have different booking and payment preferences.

The next ten years of technology from Gartner and Skinner

Chris Skinner

Gartner has found that … The post The next ten years of technology from Gartner and Skinner appeared first on Chris Skinner's blog. Future Grid Opinion TechnologyI just spotted that Gartner have made a series of ten bold predictions for IT 2018 and beyond.

Priority Technology Moves Beyond SMB Payments With Company.com Partnership

PYMNTS

Merchant acquiring and payments firm Priority Technology has teamed with Company.com to provide access to its full stack of technology, services and payments solutions to Priority Technology’s clients.

Bank Worker Productivity and The Technology Imperative

Banker to Banker

BANK TECHNOLOGY INVESTMENT Back in the 1980s, there were more banks, smaller banks, and little technology. We were still driving checks around, there was no online banking, and networked ATMs was the latest in bank technology.

Podcast: New technologies for increasing debit card revenue

Mobile Payments Today

Carol Specogna, Fiserv's VP of card services, gives an overview of the market and talks about new technologies that FIs can leverage to boost their debit card revenue Despite the plethora of payment choices we have today, many of us are still using our debit cards.

Mastercard, Accion Offer MSMEs Funds, Technology

PYMNTS

The partnership between Mastercard and Accion aims to introduce digital technology, services and training to assist high-potential microbusinesses boost revenues and achieve greater financial security.

Customer-Facing Technologies Spice Up The QSR Space

PYMNTS

Three words are driving dramatic technological changes in the fast food space: quality, convenience and speed. A report found that 29 percent of restaurant operators think they are lagging in adopting technology.

The danger of the technology testing hole

Chris Skinner

A common response to technology is to test it. The problem with testing technology is that it is just a test. For example, I remember one UK bank testing new technologies in one branch, to … The post The danger of the technology testing hole appeared first on Chris Skinner's blog. A false implementation. It is not designed for reality and can lead to false results.

How video technology and AI are changing the way we bank

Mobile Payments Today

With technology, one plus one is often greater than two. AI and video technologies complement one another perfectly, and combining them can deliver tremendous value to any financial institution

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Carmakers Pump The Brakes On Driverless Technology

PYMNTS

Many carmakers have softened their stances on driverless technology because they’re not sure if the tech is quite ready for the mainstream. Now, carmakers are shifting to less exciting terrain: the education and regulation of the new technology.

Are you in banking or technology?

Chris Skinner

That realisation is a simple but important one, and it is this: dealing with technology is very different to dealing with money; furthermore, dealing with money through technology is very different to dealing with technology through … The post Are you in banking or technology?

Walgreens Brings Mobile Technology To Stores

PYMNTS

To help improve the productivity of workers and enrich the customer experience, Walgreens is tapping into mobile technology as it bridges the digital and brick-and-mortar store experiences. Zebra said that the technology can help workers with their daily tasks and helping customers.

How AI is redefining financial crimes detection technologies

Insights on Business

Technological innovation is a reality that is impacting every facet of society. No area of human endeavour from retail, to transportation, to banking has not seen some form of disruptive technology replace the long-established modus operandi.

How banks can ensure high availability for today’s technology

Mobile Payments Today

The need for high availability in banking systems is clear, and has become even more of a priority in a more digitally focused environment where a 24/7 service and instant payments are a minimum requirement rather than an added bonus

Automakers expand connected car ecosystem with payment technologies

Mobile Payments Today

Automakers from Honda to GM and Hyundai see mobile payment technology as a key component in developing connected car technology

Technology is key to banking future … really?

Chris Skinner

The Telegraph ran a conference about it (I was there); The White House has published a report on it; America’s Celebrity Apprentice has one of our own on it; and The Banker has run a magazine feature dedicated to it.There’s even a … The post Technology is key to banking future … really? Future Grid TechnologyIt’s intriguing to see how the world has now got the FinTech message.

Brex Teams With Magento For Technology Partnership 

PYMNTS

Credit card startup Brex announced it is teaming with the Magento Technology Partner program, which is part of Adobe , in a press release Thursday (Aug. This partnership is part of a growing list of technology vendors on the Magento commerce platform.