INDUSTRY INSIGHTS YOUR PEERS ARE READING
The Detroit, Mich.-based based online-only bank, Ally Financial, had 120,000 new deposit customers in the first quarter on 2019, CEO Jeff Brown said on the bank's 1Q earnings call Thursday, bringing the Ally’s total depositor count to 1.77 million — a 20% YoY increase. MORE
Chipotle Mexican Grill has been the victim of a cyberattack that compromised the credit card payment information for a small number of customers. MORE
Sporting goods retailer Decathlon is testing the limits of cashless retail with technology firm NewStore, which developed an iPhone-based ominichannel platform to transform the store experience MORE
FSS Payment Gateway maintained a strong growth trajectory in 2018, processing 790M transactions amounting to USD 18B in value MORE
Amid cross-border payments efforts, Ripple has gained some traction in recent days. As reported on sites such as BitcoinExchangeGuide , Siam Commercial Bank is boosting its use of Ripple’s offerings, including xCurrent. MORE
Coming off the launch of a revamped mobile app and the hiring of the bank's first chief digital officer, U.S. Bank executives, during the first-quarter earnings call today, outlined a strategy to extend relationships with customers outside the Minneapolis-based bank's physical footprint. MORE
The annual awards honor financial institutions and fintech providers whose unique strategies and technologies are heightening the consumer experience MORE
T-Mobile Money, a mobile-first checking account, has launched nationwide, the telecom giant announced today. MORE
Citigroup's digital channels are crucial to growing its new-to-bank customer deposits, according to CFO Mark Mason, who reported single-digit YOY growth in deposits across international retail consumers, as well as North American customers, during the company's first-quarter earnings report. "We MORE
Smart payments are on the rise and consumers now have the option of making payments via mobile devices like voice assistants, household appliances like Wi-Fi fridges or even their car dashboard. Download this infographic from TNS to discover which country is leading the way in adopting smart payments MORE
The annual BCX Summit has opened the awards competition for banks and fintechs in several important categories MORE
Mastercard today announced the rollout of a streamlined real-time rewards program that eschews the traditional multi-step path to redeeming rewards and cash back. The Purchase, N.Y.-based MORE
Facebook and PayPal are beginning to make investments in blockchain that could have a major impact in the payments business MORE
Cross-border FinTech efforts have seen increasing participation from central banks and monetary authorities. MORE
2018 wasn’t a great year for blockchain companies. In the run-up in December 2017, Bitcoin hit a peak of nearly $20,000. Coinciding with Bitcoin fever, an unprecedented ICO boom meant blockchain startups had tremendous access to capital. MORE
While most CEO stories are about having founded a firm to solve a problem, Upstart CEO Dave Girouard and his team of former Google staffers actually started with a solution. MORE
Much like other industries struggling to stay afloat in the stormy waters of the global economy, the shipping industry is seeking its own transformation after years of overcapacity and tumbling freight rates. MORE
Sporting goods retailer Decathlon is testing the limits of cashless retail with technology firm NewStore, which developed an iPhone-based ominichannel platform to transform the store experience MORE
Financial companies have always been innovators. But in this age of digital transformation, innovation in financial services is more important than ever to stay competitive. Innovation processes, traditionally limited to product development, are now spreading throughout the entire organization. MORE
When I talk about FinTech, I often reflect on the first time I encountered what I would, today, call a truly FinTech firm. It was on March 30, 2005, and a newly formed firm presented at the Financial Services Club an idea. MORE
The Intelligence of Things (IoT) has become a fixture of everyday life, with more than 14 billion connected devices expected to be in use by the end of 2019. MORE
Mastercard has moved into point-of-sale financing with the acquisition of Vyze, a FinTech firm the payment card network calls an “an end-to-end platform that facilitates financing options for merchants’ customers at checkout.”. MORE
I picked up an interesting article from Reuters, about how Asian technology firms are moving into banking in a different way to Europe or America. MORE
Citizens Access, the digital-only arm of Citizens Financial Group, has attracted $4.6 billion in deposits through the first quarter of 2019, up sharply from $3 billion at the end of 2018. MORE
Things we’re reading today include … Bank of England begins climate enforcement with a velvet glove | Larry Elliott Italy’s UniCredit to pay $1.3 billion to settle U.S. sanctions probe Worried a recession is coming, U.S. MORE
Fintech in Southeast Asia is reaching new records for both deals and funding. One of the reasons for this rise may be, perhaps surprisingly, the ride-hailing business. The region, which includes countries like Vietnam, Indonesia and the Philippines, among others, is a widely under-banked market. MORE
Innovative payment options today are driving competition and rapid changes in the payments industry. The payments business has started to embrace a more client-centric model as payments customers, both retail and commercial markets, increasingly demand new payment options such as real-time payments. MORE
Silicon Valley is losing its luster with young adults, as recent polling shows millennials are gearing up to leave the San Francisco area at an increased rate. MORE
Two of the biggest M&A deals in fintech history occurred in the past three months: Fiserv Inc's $22 billion purchase of First Data Corporation and Fidelity National Information Services's acquisition of Worldpay for $34 billion. MORE
A customer looking to open a new bank account is often in for a somewhat bumpy process. There are a lot of redundant forms and, in some cases, a few venue changes. For example, the process might start online, but then the customer is forced to visit a physical branch to verify their identity. MORE
“When do you want to get paid?” It’s a basic question that — when posed to anyone, particularly, a small business (SMB) — most always has the same answer, no matter who one asks or within what industry: now. MORE
PYMNTS
APRIL 18, 2019
“When do you want to get paid?” It’s a basic question that — when posed to anyone, particularly, a small business (SMB) — most always has the same answer, no matter who one asks or within what industry: now.
Chris Skinner
APRIL 15, 2019
I picked up an interesting article from Reuters, about how Asian technology firms are moving into banking in a different way to Europe or America.
Mobile Payments Today
APRIL 16, 2019
Facebook and PayPal are beginning to make investments in blockchain that could have a major impact in the payments business
Insights on Business
APRIL 16, 2019
Innovative payment options today are driving competition and rapid changes in the payments industry. The payments business has started to embrace a more client-centric model as payments customers, both retail and commercial markets, increasingly demand new payment options such as real-time payments.
PYMNTS
APRIL 16, 2019
The Intelligence of Things (IoT) has become a fixture of everyday life, with more than 14 billion connected devices expected to be in use by the end of 2019.
Chris Skinner
APRIL 14, 2019
Someone said to me recently that most tech Unicorns are more like Leprechauns. A Leprechaun is also mythical and magical but, rather than delivering riches, it just promises riches at the end of a rainbow you never reach.
Bank Innovation
APRIL 16, 2019
Mastercard today announced the rollout of a streamlined real-time rewards program that eschews the traditional multi-step path to redeeming rewards and cash back. The Purchase, N.Y.-based
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
APRIL 18, 2019
Amid cross-border payments efforts, Ripple has gained some traction in recent days. As reported on sites such as BitcoinExchangeGuide , Siam Commercial Bank is boosting its use of Ripple’s offerings, including xCurrent.
Chris Skinner
APRIL 16, 2019
When I talk about FinTech, I often reflect on the first time I encountered what I would, today, call a truly FinTech firm. It was on March 30, 2005, and a newly formed firm presented at the Financial Services Club an idea.
Bank Innovation
APRIL 19, 2019
The Detroit, Mich.-based based online-only bank, Ally Financial, had 120,000 new deposit customers in the first quarter on 2019, CEO Jeff Brown said on the bank's 1Q earnings call Thursday, bringing the Ally’s total depositor count to 1.77 million — a 20% YoY increase.
Mobile Payments Today
APRIL 19, 2019
The annual BCX Summit has opened the awards competition for banks and fintechs in several important categories
PYMNTS
APRIL 19, 2019
Chipotle Mexican Grill has been the victim of a cyberattack that compromised the credit card payment information for a small number of customers.
Chris Skinner
APRIL 13, 2019
The main blog headlines are … Leaving customers digitally high and dry … big mistake I’ve recently seen two blogs about issues with challenger banks N26 and Tandem. They both relate to the ways in which these new banks communicate, or not in these cases.
Insights on Business
APRIL 17, 2019
Financial companies have always been innovators. But in this age of digital transformation, innovation in financial services is more important than ever to stay competitive. Innovation processes, traditionally limited to product development, are now spreading throughout the entire organization.
Bank Innovation
APRIL 17, 2019
Coming off the launch of a revamped mobile app and the hiring of the bank's first chief digital officer, U.S. Bank executives, during the first-quarter earnings call today, outlined a strategy to extend relationships with customers outside the Minneapolis-based bank's physical footprint.
PYMNTS
APRIL 18, 2019
Silicon Valley is losing its luster with young adults, as recent polling shows millennials are gearing up to leave the San Francisco area at an increased rate.
Chris Skinner
APRIL 15, 2019
Things we’re reading today include … Bank of England begins climate enforcement with a velvet glove | Larry Elliott Italy’s UniCredit to pay $1.3 billion to settle U.S. sanctions probe Worried a recession is coming, U.S.
Mobile Payments Today
APRIL 18, 2019
Sporting goods retailer Decathlon is testing the limits of cashless retail with technology firm NewStore, which developed an iPhone-based ominichannel platform to transform the store experience
Bank Innovation
APRIL 18, 2019
Citizens Access, the digital-only arm of Citizens Financial Group, has attracted $4.6 billion in deposits through the first quarter of 2019, up sharply from $3 billion at the end of 2018.
PYMNTS
APRIL 19, 2019
Electronic payments company Hypur, which targets the cannabis and hemp industries, has unveiled its online electronic payment solution for transactions within the hemp and CBD community.
Chris Skinner
APRIL 16, 2019
Things we’re reading today include … How will open banking change retail?
Mobile Payments Today
APRIL 17, 2019
The annual awards honor financial institutions and fintech providers whose unique strategies and technologies are heightening the consumer experience
Bank Innovation
APRIL 18, 2019
Two of the biggest M&A deals in fintech history occurred in the past three months: Fiserv Inc's $22 billion purchase of First Data Corporation and Fidelity National Information Services's acquisition of Worldpay for $34 billion.
PYMNTS
APRIL 18, 2019
A customer looking to open a new bank account is often in for a somewhat bumpy process. There are a lot of redundant forms and, in some cases, a few venue changes. For example, the process might start online, but then the customer is forced to visit a physical branch to verify their identity.
CB Insights
APRIL 17, 2019
2018 wasn’t a great year for blockchain companies. In the run-up in December 2017, Bitcoin hit a peak of nearly $20,000. Coinciding with Bitcoin fever, an unprecedented ICO boom meant blockchain startups had tremendous access to capital.
Bank Innovation
APRIL 18, 2019
T-Mobile Money, a mobile-first checking account, has launched nationwide, the telecom giant announced today.
PYMNTS
APRIL 16, 2019
Cross-border FinTech efforts have seen increasing participation from central banks and monetary authorities.
Mobile Payments Today
APRIL 17, 2019
FSS Payment Gateway maintained a strong growth trajectory in 2018, processing 790M transactions amounting to USD 18B in value
Bank Innovation
APRIL 15, 2019
Citigroup's digital channels are crucial to growing its new-to-bank customer deposits, according to CFO Mark Mason, who reported single-digit YOY growth in deposits across international retail consumers, as well as North American customers, during the company's first-quarter earnings report. "We
PYMNTS
APRIL 16, 2019
Mastercard has moved into point-of-sale financing with the acquisition of Vyze, a FinTech firm the payment card network calls an “an end-to-end platform that facilitates financing options for merchants’ customers at checkout.”.
Credit Union Geek
APRIL 16, 2019
Originally published on CUInsight.com This post might not be for you. Or, it could be exactly what you and your credit union team need. Inspired By: Someone Else’s Faux Pas I’ll be honest; the inspiration came from a local chamber of commerce, not credit union.
Mobile Payments Today
APRIL 16, 2019
Smart payments are on the rise and consumers now have the option of making payments via mobile devices like voice assistants, household appliances like Wi-Fi fridges or even their car dashboard. Download this infographic from TNS to discover which country is leading the way in adopting smart payments
Bank Innovation
APRIL 19, 2019
Fintech in Southeast Asia is reaching new records for both deals and funding. One of the reasons for this rise may be, perhaps surprisingly, the ride-hailing business. The region, which includes countries like Vietnam, Indonesia and the Philippines, among others, is a widely under-banked market.
PYMNTS
APRIL 16, 2019
While most CEO stories are about having founded a firm to solve a problem, Upstart CEO Dave Girouard and his team of former Google staffers actually started with a solution.
Dataconomy
APRIL 15, 2019
Much like other industries struggling to stay afloat in the stormy waters of the global economy, the shipping industry is seeking its own transformation after years of overcapacity and tumbling freight rates.
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