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.

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.

Teamleader Talks SMBs’ Technology Journeys

PYMNTS

Small businesses struggling to embrace digitization must take the first step to adopt technologies, says Teamleader. According to Teamleader product owner Pieter Reel, entrepreneurs understand the need to adopt technology, even if they haven’t yet taken action to do so. A lack of resources exacerbates this struggle, plus, entrepreneurs can find it difficult to implement a new technology, fearing it will actually slow down existing work flows.

Throwing technology over the wall

Chris Skinner

The … The post Throwing technology over the wall appeared first on Chris Skinner's blog. Digital Bank Fintech Future Grid Innovation Opinion Technology

Accountants’ Technology Budgets Running Dry

PYMNTS

A new survey from K2E Canada suggests small business accountants understand that technological disruption is a major challenge, yet few are addressing the issue. Reports in Canadian Accountant on Tuesday (July 31) said that K2E Canada’s report, “Accounting Operations and Technology Survey,” revealed more than a quarter of accountants cite understanding and knowledge of new technology as one of their top three industry challenges.

Brick And Mortar’s Technology Evolution

PYMNTS

Technology has certainly seen a big evolution over the last few decades. As a result, it should come as no surprise that the technology used in the retail industry has evolved over the past thirty years. Brick-and-mortar technology.

MATCHESFASHION.com’s Technology-Driven Retail Experience

PYMNTS

Our mission is to create the most personal luxury shopping experience in the world, so we wanted an environment where we could initiate conversations with our customers and create a global sense of community enabled through the power of technology,” CEO Ulric Jerome said. And while the physical experience of the store is romantic and relaxed on the front end, on the back end, technological investment looms large and busy.

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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.

Technology: SME Friend And Foe

PYMNTS

Technology has the power to help a business rise up from the competition. Small businesses, too, have an appetite for technology. But for smaller companies, procuring technology can be a financial and administrative burden, and a lot of times, the problems that can be solved with technology were created by technology in the first place. So, why aren’t small businesses adopting automation technology for their procure-to-pay needs?

Today In Data: Changing The Technology And Evolving Preferences

PYMNTS

Today In Data connected devices consumer preferences customer preferences digital payments Internet of Things IoT Mobile Payments News Retail retail data retail technology Today in Data

The Many Hands (And Technologies) Of Supply Chain Disruption

PYMNTS

Even blockchain, the technology often touted as the silver bullet in supply chain management, cannot address these challenges alone. It takes many technologies, and many participants, to bring true progress to global supply chains, said Eric Piscini, CEO of Citizens Reserve , a startup deploying technologies like blockchain to offer Supply-Chain-as-a-Service via its SUKU platform. The first is technology. Complex supply chains breed complex problems.

How Much Can Technology Improve Healthcare Payments?

PYMNTS

Touted by observers and industry players as one of the top trends that could impact medical billing and data management for 2018, the technology is increasingly being viewed as part of the path to better efficiency in payments. But that’s not stopping payment and commerce players from trying to use technology to bring more efficiency to the system. The firm’s technology also enables patients to work with providers to come up with flexible payment plans, and do so via a mobile app.

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.

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.

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.

7-Eleven Expands Its Facial Recognition Technology

PYMNTS

As facial recognition technology explodes worldwide, 7-Eleven expands the reach of its artificial intelligence platform to 11,000 stores across Thailand. The facial recognition technology, which was developed by U.S.-based The rollout at Thailand’s 7-Eleven stores is, however, the biggest expansion of the technology to date, particularly in a retail context: It could potentially be the largest number of facial recognition cameras to be adopted by one company in history.

CA Technologies Sold To Broadcom For $19B

PYMNTS

Broadcom has agreed to buy software company CA Technologies for $18.9 He added that the deal will help the company expand in a market for infrastructure technology that amounts to $200 billion, about triple the size of its current opportunity. s technological competition with China, as well as hinder research and development at Qualcomm against foreign rivals racing to develop next-generation wireless technology.

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USAA Sues Wells Fargo Over RDC Technology

PYMNTS

USAA , the insurance company and bank serving current and former military members and their families, filed a federal lawsuit against Wells Fargo Bank over its use of USAA’s RDC technology. This appears to be the first legal action USAA has taken since it asked financial institutions to license its technology, for which it holds around 50 patents. “To USAA has not licensed its competitors such as Wells Fargo to use these patented technologies.”.

What Is Blockchain Technology?

CB Insights

This explainer will offer simple definitions and analogies for blockchain technology. It will also define Bitcoin, Ethereum, blockchain broadly, and initial coin offerings, and highlight promising use cases for the technology. Where does distributed ledger technology make sense?

USA Technologies Launches Universal Card Link Connector

PYMNTS

USA Technologies, the payment technology service provider for the self-service retail market , announced Wednesday (Nov. In a press release , USA Technologies said it developed the connector due to guidelines out in Nov. Becoming compliant with the new standards has become paramount, and USA Technologies is the only payments solutions provider that offers a simple fix that eliminates expensive equipment upgrades.

Ant Financial Changes Focus To Technology Services

PYMNTS

Instead, it is honing in on technology services, CNBC reported. Yet, technology services is becoming a larger part of Ant Financial’s sales. By comparison, the company’s technology services were approximately 34 percent of revenues in 2017. International Alipay App Ant Financial banking regulation Chinese Economy FinTech China News revenue TechnologyAmid China’s crackdown on financial risk, Ant Financial is moving away from consumer finance and payments.

Hertz Partners With Shift Technologies

PYMNTS

Rental car giant Hertz recently announced it teamed up with startup Shift Technologies , said Fortune. Shift Technologies is an online used-car marketplace. Under the new deal, Shift Technologies will feature and sell used vehicles from Hertz’s rental inventory, giving Hertz access to an additional retail sales channel. Shift Technologies is reportedly looking to use the deal as a means to expand its offerings beyond its current market in San Fransisco and Los Angeles.

The 5 biggest technology trends affecting FinTech today

Insights on Business

In a landscape where new technology arises, gets implemented and goes mainstream in a heartbeat, I wanted to cover five of the most impactful trends currently impacting the FinTech industry today: 1. Technology is gauging our emotional state based on our interactions with our devices.

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USA Technologies Grows Cashless Footprint

PYMNTS

A&A Vending Services is expanding its relationship with self-service retail market payment technology service provider USA Technologies (USAT). USA Technologies has been guiding us through the process, offering insight and support to ensure our financial commitment pays off as quickly as possible. Vending Machines cashless payments Unattended Retail USA Technologies USAT What's Hot

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.

What technology will transform financial services?

Insights on Business

Jeff believes that big data and artificial intelligence (AI) are two core technologies that are transforming financial services business models.

Payments Providers Are Lukewarm on Blockchain Technology

Bank Innovation

The ways businesses, consumers, and even banks make payments are changing, as technologies like realtime payments and APIs make it easier to send money across the globe. But one technology seems curiously absent from recent payment innovation, and that’s blockchain. “We

Payment Cloud Technologies Launches New Banking Platform

PYMNTS

Payment Cloud Technologies announced Tuesday (Nov. Payment Cloud Technologies said the new banking platform will help An Post’s brand, its diversification and will serve to strengthen the company’s services to meet a broader range of customers. ‘We Bank.VISION is a solution for everyone,” said Ian Clowes, CEO of Payment Cloud Technologies, in the press release. Payment Cloud Technologies wants to provide fairer access to financial services and thus the launch of bank.VISION.

Equifax Taps IBM Executive As Chief Technology Officer

PYMNTS

Equifax , the embattled credit scoring company announced Thursday (June 14) that it named Bryson Koehler as Chief Technology Officer. In a press release, Equifax said Koehler, who was previously the Chief Technology Officer at IBM Watson and Cloud Platform , will be in charge of the company’s global information technology strategy and development.

The Financial Technologies SMEs Aren’t Using

PYMNTS

The average small business considers itself a “moderate” user of technology, according to the PYMNTS.com SMB Technology Adoption Index. Clearly, there’s still a long way for SMEs to go before they fully embrace FinTech – and the latest research on the topic reinforces the notion that small businesses aren’t using technology the way some may have hoped.

Why Technology Is Actually Helping Cash Thrive

PYMNTS

Our partners, and 7-Eleven in particular, have always been very forward-thinking and innovative when it comes to this sort of payment technology market,” Kaplan said. But there are fewer consumers who are unfamiliar or uncomfortable with digital payment technology every day.

How B8ta Gives Consumers A Technology Test-Drive

PYMNTS

B8ta’s goal is to give technology makers with big innovations (and small ones, of course) access to a physical channel when they are too still small for the biggest stores. And whatever retail technology they sell in terms of profit, they keep. “Retail isn’t dead; it needs a revival.”.

Three New Advances in Healthcare Technology

Dataconomy

How AI and Machine Learning is transforming healthcare technology. How will emerging technologies improve your health outcomes and life expectancy? Technological innovations are helping health care providers advance and improve the medical field at an alarming pace.

Innovative compliance technology is empowering end-to-end GRC

Insights on Business

Integrating the content and enabling the assessment of applicability of regulatory changes through technology makes the process more efficient and effective while allowing meaningful changes to be made. IBM’s innovative technology , powered by Watson, offers that end-to-end approach.

US Falls Short In Restaurant Technologies

PYMNTS

Technology is the new norm for restaurant customers worldwide — especially if those customers happen to live in Asia or the Middle East. In another restaurant technology survey of U.S. consumers , 79 percent agreed that restaurant technology improves their guest experience. say that technology would help to increase sales, make their restaurant more productive and give their business a competitive edge.

New Technology Brings Password Transmission Through Skin

PYMNTS

Researchers at The University of Washington’s Networks and Mobile Systems Lab are experimenting with technology that sends signals such as passcodes through the skin. The same technology could be applied in the health sectors for calorie counting or for dispensing insulin by pumps. The technology is dependent on faint electromagnetic signals that devices emit when used normally.

Blockchain Tracker: Technology’s In Retail

PYMNTS

Blockchain technology is slowly slinking through the aisles of retail business. Walmart is using it for tracking product and pork , and analysts are placing side bets on Overstock using the technology. More and more blockchain startups launched in 2016, and investors are starting to seek out companies incorporating blockchain technology.”. Technology advancement is clearly at play. Blockchain Blockchain tracker Retail Technology What's Hot

USA Technologies, Apple Expand Partnership

PYMNTS

USA Technologies wants to make it easier — and more rewarding — to snag a Snickers at a vending machine using Apple Pay. The self-serve technology firm has announced that it will integrate its loyalty and payroll deduct program with Apple Pay at about 300,000 machines nationwide. Apple Pay Apple Pay Vending Machine Mobile Payments USA Technologies What's Hot

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Hiring headache? Try technology

Sageworks

The answer to this staffing problem is technology that streamlines and automates as many tasks at the institution as possible. By implementing automation technology each staff member can increase their productivity to get more done with the existing staff. Automation technology is not about replacing staff, it’s about taking rote tasks off their plate so that they can focus on higher-value activities.

The Race To Build Technology For Connected Cars Speeds Up

PYMNTS

As cars and trucks become “smarter” (deeper connections to the web, improved self-driving capabilities), the technology required to keep those vehicles connected to the digital world is becoming more important. According to Bloomberg , Japan-based wireless provider KDDI , which developed an “auto connectivity platform” for Toyota , has “signed on several other Japanese carmakers to test and deploy the technology.”