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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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 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

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.

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.

India’s FPL Technologies Lands $4.5M To Modernize Credit

PYMNTS

FPL Technologies, an Indian startup that is less than a year old, has raised $4.5 Anurag Sinha, co-founder and CEO of FPL Technologies, said his company will build a full-stack solution to completely reinvent the process of obtaining credit cards in India.

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.

How Merchants Navigate Tax Collection Complexity With Technology  

PYMNTS

eCommerce firms are navigating a tax collection environment that increasingly requires technology and automation to ensure compliance. Today In Data Commerce ecommerce News payments regulations taxes Technology Today in Data

Taxes 176

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?

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

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.

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.

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.

Leverage New Bank Technology by Examining Current Processes, Pain Points

Abrigio

The same is true of financial institutions when they consider technology investments to transform their lending and credit operations. Weaknesses of the current technology and processes are clear during peak operating loads, showing up as backlogs and longer waits for customer decisions.

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.

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.

A new era of technology enabled financial risk management (Part 1)

Insights on Business

In this series of blogs, we will focus on four transformative technologies with emerging risk applications that can help banks and financial institutions grow profitability and protect the enterprise. Of course, a key benefit of technology adoption is transformation.

Measuring Technology’s Promise Against Its Progress

PYMNTS

Today In Data artificial intelligence Commerce data digital payments faster payments fraud Innovation instant payments machine learning News payments Technology Today in Data voice

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.

Putting modern payment technologies to the test

Mobile Payments Today

Automated testing is an increasingly important consideration as payment providers, retailers and other companies expand the number of options that consumers and merchants can use

FIs Grapple With Technology — And A New Consumer Engagement Model

PYMNTS

As noted in the most recent edition of the Innovation Readiness Playbook, the majority of FIs — at 57 percent — say that payments technology remains on their innovation and roadmaps for the next three years. For financial institutions (FIs), payments are top of mind.

How Technology Can Unlock Trust In Cross-Border Transactions

PYMNTS

The technology, he noted, is starting to get ahead of the problem and neutralize the pain points. “In That is where technology solutions come into play – when you can innovate on verification and improve friction points across the board.”.

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.

Voice Technology Makes (Sound) Waves At QSRs

PYMNTS

Innovators are seeing the potential to shape the way consumers place their orders at quick-service restaurants (QSRs) through digital technology. Bensen AI Co-founder Adam Sandler has been working with fellow Co-founder David Xiao on intelligent voice ordering.

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

Grab Backs UK Startup Splyt Technologies

PYMNTS

In a move that will extend the reach of its services outside of Southeast Asia, Grab has extended a partnership with Splyt Technologies and invested in the United Kingdom-based startup. Investments Asia funding Grab investments News partnerships ridehailing Splyt Technologies What's Hot

The Struggles of Banks as Technology Companies

Bank Innovation

It's a common refrain from bank CEOs -- "My bank is a technology company." But the reality is much rarer. JPMorgan Chase is showing it takes fintech seriously by building (or buying) a Silicon Valley campus, which will house 1,000 employees, including 250 from recently acquired WePay.

Alibaba Introduces “Smile to Pay” Facial Recognition Technology

Bank Innovation

Jack Ma, Alibaba’s founder, has long planned on launching facial recognition technology for the company’s payment app, Alipay. He first revealed his commitment to the development of this technology at a CeBit Conference in 2015, when […].

Why Technology Isn’t Bank Transformation’s Silver Bullet

PYMNTS

Gill asserts that most financial institutions, left to their own devices, may end up following a less than optimal path to innovation, and not because they have selected the “wrong” technology solution, since in Gill’s experience, what’s “wrong” for one FI might be right for another.