Sat.Oct 19, 2019 - Fri.Oct 25, 2019

Things worth reading: 23rd October 2019

Chris Skinner

Things we’re reading today include … Morgan Stanley elbows out rivals for plum role in $1.5

Mastercard acquires data platform SessionM to help brands boost customer loyalty

Bank Innovation

Payments giant Mastercard has acquired Boston-based SessionM, a nine-year-old software company that helps clients improve customer relationships through data analysis.

E-Commerce Merchants: A Hot Commodity in the Dark Web

Abrigio

Dark Web | 5 minute read Key Takeaways Cybercriminals are now targeting e-commerce merchants with malware attacks. Merchants of all sizes are being targeted. Financial institutions should be proactive with their fraud prevention on the dark web. . The New Frontier on the Dark Web.

Cards 130

Chime outages illustrate complexities of digital banking

Mobile Payments Today

Chime Bank is recovering from its third system outage since July, and this most recent incident is serving as a wake-up call for many in the industry about the vulnerabilities of managing critical financial services in a digital-only environment

Why decentralised currencies are a PEST!

Chris Skinner

Sometimes you debate stuff and a realisation comes. I had one of these today. When futurists talk about the future, they generally based their opinions on forces of change, known colloquially as PEST. Political, Economic, Social and Technological change.

Zelle posts 58% year over year growth in payment volume, as banks navigate UX

Bank Innovation

Peer-to-peer payments network Zelle is growing transaction volume, according to numbers released Tuesday by its bank-owned network operator, Early Warning Services.

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Creating a Customer-Centric, Digital Financial Institution

Abrigio

A farmer, a university student, and a business owner walk into a bank. It sounds like the beginning of a joke, but for many community financial institutions, a spectrum of different customers and banking needs is something that they see every day.

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For Whom The Tweet Chimes: the problems of being cloud native and open

Chris Skinner

Banks are control freaks. I’ve blogged about that often. I’ve also blogged often about how they need to move to be open and partnering. That’s not easy. It’s obviously easier to launch a brand new bank, fresh with no legacy and open to everything, isn’t it? Not necessarily so.

Visa, Mastercard say they just made mobile shopping a lot easier

Bank Innovation

Smartphones have made taking a photo and checking fantasy football scores a breeze, but inputting credit card details on that small screen can still be frustrating enough that many shoppers just give up, costing retailers billions.

Cards 130

How Optionality Impacts Your Net Interest Margin

Banker to Banker

IMPROVING NIM For the majority of bankers, maintaining or increasing net interest margin (NIM) is the single most significant focus today. The shape of the yield curve and lower rates have caused NIM compression across the board and have hurt bank equity performance.

Penske Announces Launch Of Carsharing Unit

PYMNTS

Transportation company Penske Corporation announced that it is rolling out its new carsharing service in Washington, DC and Arlington, VA, this week.

Things worth reading: 22nd October 2019

Chris Skinner

Things we’re reading today include … Chinese vice foreign minister says progress made in trade talks with U.S

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Mastercard debuts digital ‘cash on delivery’ and real-time bill payments

Bank Innovation

Mastercard is launching a suite of real-time payment capabilities to grow its value proposition to banks and corporate clients, including a modern twist on ‘cash on delivery’ which lets buyers pay suppliers with one click.

How Great Bank Brand Stories Are Built

Banker to Banker

BANK MARKETING Few bankers doubt the power of great storytelling. Instead of advertising, many banks have evolved into showcasing a customer, employee, or creative narrative that walks the reader to some point of conflict and then tells of a resolution.

Xero, GoCardless Enable Recurring Payment Collection For US SMBs

PYMNTS

Small business cloud accounting firm Xero is strengthening its partnership with U.K.-based based recurring payments solution provider GoCardless to expand their offerings to U.S. joint customers. The firms announced their expanded collaboration via press release Tuesday (Oct.

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Things worth reading: 21st October 2019

Chris Skinner

The banking experience in which your financial institution should invest for growth

Bank Innovation

Across the U.S., banks and credit unions continue to face digital disruption. As mobile banking usage surges, branch visits continue to decline. A BI Intelligence study found that mobile banking is nearing ubiquity, with usage topping in at 83 percent.

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ATMIA CEO Q&A: 'Cash and digital payments need to coexist'

ATM Marketplace

ATM Marketplace caught up with ATMIA CEO Mike Lee at ATMIA Europe in Rome for a long chat about the war on cash and the future of ATMs. We even asked him about bitcoin

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Deluxe Treasury Management Adds Bill Payment To AR Offering

PYMNTS

Deluxe Corporation is augmenting its treasury management solution by integrating a bill presentment and payment processing function into its existing accounts receivable tool. Deluxe Treasury Management said in a press release on Tuesday (Oct.

Google versus Government

Chris Skinner

I’ve been noticing that there are more and more issues arising with the big internet giants. Unlike in China, where the companies are working with governments, the big Western giants work outside government control.

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Santander rolls out payments solution for North America

Bank Innovation

Santander Bank has rolled out Santander Cash Nexus, a payments tool solution for the bank’s commercial, corporate and investment banking clients in North America.

How To Manage Finances When You Have Dependents

BankBazaar

Savings and investments take a backseat when one has to handle dependents like children and parents. But there are a few tips and tricks you can follow to save and invest within a tight budget. Read about them here.

Analysts Anticipate Rise In EU Business Failures

PYMNTS

Analysts are expecting an increase in business failures across Western Europe, according to a new report from Atradius. The firm released its October 2019 Atradius Payment Practices Barometer survey for Western Europe on Tuesday (Oct. 22) and estimated that businesses are facing a 2.7

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The Finanser’s Week: 14th October – 20th October 2019

Chris Skinner

The main blog headlines are … Talking ’bout my generation I was reflecting on things again. Dangerous. My reflection was on when I grew up. My mum and dad went through the second world war. They feared for their lives and for our future.

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N26’s Kopp: U.S. expansion coming “in increments”

Bank Innovation

N26, the digital-only banking brand based out of Berlin, began a staged rollout of its app in the U.S. earlier this summer before becoming widely available to American consumers in August. The brand launched in Europe in 2015 and has since gained 3.5

US 130

Longevity App Breaks New Ground In Australian PensionTech

Daily Fintech

Jessica Ellerm is a thought leader specializing in Small Business and the Gig Economy and is the CEO and Co-Founder of Zuper, a neowealth disruptor in Australia. Australia has one of the world’s most sophisticated, widespread pension systems.

In Manufactured Housing, Supplier Variety Yields B2B Payments Friction

PYMNTS

The B2B eCommerce market has taken a path to innovation and digitization inspired by the ease and speed of B2C commerce. But the B2B market quickly discovered that platforms designed for consumers fall well short of corporates’ needs, both for buyers and vendors.

Decade-Wise Financial Tips For Every Woman

BankBazaar

Wondering if there’s a clear way to track your progress as a financially independent individual? Here’s all you need to do! The modern woman is an inspiring force breaking through the shackles of patriarchy and redefining the world around us.

Cards 52

Alberta Investment Management deploys Nutanix Enterprise Cloud

Bank Innovation

Alberta Investment Management Corporation (AIMCo) is one of Canada’s largest and most diversified investment managers, committed to finding the best investment opportunities from around the world for its clients. To support its strategy of employing innovative, best-of-breed applications via a service-oriented architecture, it has chosen to use Nutanix Enterprise Cloud. The Nutanix environment supports a […]. Sponsored

Absa and the Spirit of Highway Africa

Bankelele

My first trip to South Africa was back in 2006 to attend the combination of Highway Africa, and the inaugural Digital Citizen Indaba which was Africa’s first-ever major blogging conference.

Biz2Credit Links With Infosys For SMB Lending-As-A-Service

PYMNTS

Small business lending platform Biz2Credit is collaborating with consulting firm Infosys to expand its white label small business lending-as-a-service solution to more financial institutions. In a press release issued Tuesday (Oct.

What has triggered the explosion of payments for order flow? Not Fidelity

Daily Fintech

The Robinhood effect popped up again, as Schwab slashed its stock commissions to zero and forced TD America, E-trade, Interactive Brokers, Ally Invest, and Fidelity to follow suit over the next few days. Schwab called this the zero commission brokerage war, on CNN.

Minimum Income You Need to Rent an Apartment in New York City Neighborhoods

Money Crashers

Rent in New York City is notoriously expensive. Those rent-controlled apartments on “Friends” and “Sex and the City” weren’t remotely realistic in terms of what the average 20- or 30-something can afford.

Why Businesses Should Turn to Data to Fight Climate Change

Dataconomy

Businesses can contribute to reducing climate change if they focus on collecting and analyzing data around refrigerant use, particularly within the supply change. Refrigerant usage and waste rates play one of the most damaging roles in climate change.

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B2B Finserv Embraces New Faster Payment Rails

PYMNTS

As the saying goes, if it isn’t broken, don’t fix it. But in payments, understanding whether something is broken in the first place — and, if so, how to fix it — is a complicated matter. Legacy payment rails can be slow and clunky, yet have already reached ubiquity.

How One Community Bank Is Reinventing CX for the Digital Age

ABA Community Banking

From simplified 10-step online account openings, to value-added robo-advising, to “certified digital bankers,” OceanFirst Bank delivers a new community banking experience. The post How One Community Bank Is Reinventing CX for the Digital Age appeared first on ABA Banking Journal.

Investing in IPOs With 20/20 Hindsight: Catching the Big-Wave Opportunity

Money Crashers

Imagine you’re a big-wave surfer. You’re checking weather reports, plotting your next move, and preparing to travel anywhere in the world at a moment’s notice. You might wait months for the next big swell to hit. When the storm arrives, you need to be ready. The same is true for investing.