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.

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?

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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?

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

Why Retailers Are Making mPOS Technology A Top Priority

PYMNTS

But interest in this technology is not limited to the food and beverage space, and is gaining traction in many different verticals. At the same time, new technologies are coming on the market to serve these merchants.

Retail 278

Bank Boardrooms Are Increasingly Accepting of Technological Change

Bank Innovation

"Flexibility" is a commonly used term when it comes to innovation in banking and finance, but the typical bank boardroom hardly evokes the image of openness to technological change.

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.

Bottomline Technologies Posts 12Pct Gain On Subscription And Transaction Growth

PYMNTS

Bottomline Technologies on Thursday (May 2) posted a 12 percent year-over-year gain in subscription and transaction revenue for the payment services provider’s fiscal third quarter 2019, which ended March 31. Earnings banking bottomline technologies earnings News payment services What's Hot

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.

General Motors is shifting gears with powerful GRC technology

Insights on Business

General Motors (GM) is one of the world’s largest global automotive companies, and have been pushing the boundaries of manufacturing and technology for over 100 years.

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

How FinTech Companies Inspire Africa With Mobile Technology

PYMNTS

According to the London Stock Exchange Group’s 2019 “Companies to Inspire Africa” report, which highlights these firms, the FinTech sector has the second highest growth rate representation of technology and telecoms as well as financial services.

Coinone Releases Payment App Featuring Ripple Technology

PYMNTS

The group, called Blockchain for Europe, is focused on growing the understanding of the technology and highlighting the “true nature” and potential of blockchain technology.

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 […].

Ant Financial Fancies Itself As A Technology Services Company

PYMNTS

Ant Financial , the Alibaba affiliate, expects its core business will be technology services down the road as it expands beyond only payments. His comments come as Ant Financial recently unveiled a new brand that is aimed at selling technology services to financial firms, including banks.

Uber Lands $1B To Fund Advanced Technologies Unit

PYMNTS

In a press relase , the companies said they are investing $1 billion in Uber Technologies’ Advanced Technologies Group or Uber ATG. The development of automated driving technology will transform transportation as we know it, making our streets safer and our cities more livable. Uber announced late last week that it landed a $1 billion investment from Toyota, DENSO and the SoftBank Vision Fund.

Technology is solving the retirement wealth decumulation challenge

Insights on Business

Now, advances in technology are finally enabling them to plan for the retirement that they want by automating a critical part of financial planning: wealth decumulation.

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?

Retailers, payment platforms unveil mobile technologies to raise omnichannel game

Mobile Payments Today

Retailers, payment technology providers and others are rolling out new services to make it easier to complete transactions on mobile platforms

The Effect of Technology on Bank Culture

Bank Innovation

I was invited by the New York Federal Reserve Bank to moderate a panel at its annual Culture Conference on the challenges and opportunities that FinTech is raising for the culture of financial institutions. As this is a topic that has long interested me I was happy to accept.

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 team with technology firms: panel cites challenges

Mobile Payments Today

A session at the recent Money20/20 conference in Las Vegas attempted to clarify the roles that technology companies are playing in financial services and how traditional financial institutions are working with them

The Push For Cybersecurity Technology At Credit Unions

PYMNTS

Credit union (CU) associations and service providers are pushing for the adoption of technology to help with security and compliance. Today In Data automation Commerce compliance credit unions Cybersecurity data Fraud Prevention News payments Security Technology Today in Data

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.

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.

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.