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Monzo and Marcus: American challengers or just noise?
Chris Skinner
JUNE 18, 2019
My mate Ron Shevlin is on good form these days.
Sat.Jun 15, 2019 - Fri.Jun 21, 2019
What The Launch Of Facebook’s Libra Means For Payments
PYMNTS
JUNE 18, 2019
The endless speculation over Facebook ’s plans to build a new set of global payments rails and launch a global cryptocurrency comes to an end today with the official launch of Libra. Or does it?
Chicago restaurant Steak 48 embraces WeChat Pay as Chinese tourists expand mobile platform
Mobile Payments Today
JUNE 18, 2019
Steak 48, a Chicago-based steakhouse, is embracing mobile wallet applications from China by adding WeChat Pay to the platforms it accepts after previously adding UnionPay
Personal finance app Tally raises $50m to grow its platform business
Bank Innovation
JUNE 19, 2019
Tally, a consumer finance app that consolidates and pays down customers’ debts, raised $50 million this week to add new services.
Are legacy companies holding back the future?
Chris Skinner
JUNE 16, 2019
In my presentations I regularly talk about legacy Europe and America and leapfrog countries from China to India to Kenya to Colombia.
Risk.net names IBM for “Financial Crime Product of the Year” and “Best Vendor for Innovation”
Insights on Business
JUNE 19, 2019
While there is no prize for stopping financial crime (though, arguably there should be), occasionally there is recognition for being an integral and pioneering part of the overall financial crime management effort.
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So, Facebook launched a currency …
Chris Skinner
JUNE 19, 2019
I’ve blogged a few times about Facebook planning to launch a currency … Will Facebook become the world’s central bank? If Facebook launch a cryptocurrency, will US government shut it down? … and the fact that most regulators won’t like it.
Mastercard Introduces True Name Card
PYMNTS
JUNE 17, 2019
To address a major pain point for the LGBTQIA+ community, Mastercard is introducing the True Name card. The product will allow for chosen names to appear on the front of the card, according to news from Mastercard.
A new era of technology enabled financial risk management (Part 1)
Insights on Business
JUNE 18, 2019
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.
HSBC to focus on tech in U.S. branch expansion plans
Bank Innovation
JUNE 17, 2019
HSBC, a top global bank with $2.6 trillion in assets, is making technology a core component of U.S. branch expansion plans. The bank today announced the opening a new location in Cupertino, California, along with 50 planned new branches in the U.S. to be constructed over the next four years.
Fast follower strategies = final failures
Chris Skinner
JUNE 17, 2019
I was having dinner with a friend the other night, when he asked me: “what do you think about the fast follower strategy?” I said it was stupid and doesn’t work. He then added that the major bank he’s working with are proud that this is their strategy.
Ripple Plans MoneyGram Investment Of Up To $50M
PYMNTS
JUNE 17, 2019
In what could be one of the first investments by a crypto-based firm in a major U.S. firm that is publicly traded, Ripple Inc. has arranged to invest up to $50 million in MoneyGram International Inc. Ripple is the company behind the XRP digital currency, The Wall Street Journal reported.
Sales compensation accuracy: Questions, questions, questions
Insights on Business
JUNE 17, 2019
Humans are an inquisitive bunch, salespeople especially so. There is a never-ending list of questions buzzing around a salesperson’s head and never more so than when it comes to the question of compensation. Am I meeting my customer’s needs? How do I get to the CFO?
Facebook could be for crypto what AOL was for internet adoption
Bank Innovation
JUNE 18, 2019
Facebook Inc., a centralized corporate giant with a history of customer data use controversies, is an unlikely candidate for bringing cryptocurrencies to the masses. Yet many digital-assets enthusiasts are now hanging their hopes on the company’s new digital coin succeeding where Bitcoin has not.
Open Banking Can Scale With Incentives And API Aggregation
PYMNTS
JUNE 17, 2019
Open banking is nothing if not a lot of moving parts and complications. But could merchant incentives help fuel this ongoing effort at digital payments innovation?
Global Consumer Adoption of Alternative and Contactless Payments I Wearables I Contactless I Cashless I Mobile Payments I Trends I Survey
Mobile Payments Today
JUNE 18, 2019
Download this global infographic to discover the findings of a recent independent survey commissioned by Transaction Network Services into consumer opinions of alternative payment methods like wearables, smartwatches, contactless cards and mobile apps and their willingness to adopt them
HSBC partners with Identitii to create an invoicing tool for corporate clients
Bank Innovation
JUNE 18, 2019
To simplify invoicing for its corporate clients, HSBC is partnering with Australian company Identitii on a digital accounts receivable tool. Identitii, which went public in 2018, focuses on transaction security.
Things worth reading: 17th June 2019
Chris Skinner
JUNE 16, 2019
Things we’re reading today include … Challengers under fire from Bank Bank of England says new lenders could be ill-prepared for downturns Deutsche Bank to set up 50 billion euro bad bank: FT The Bank of England’s biggest problem?
Shares In Western Union Dip On News Of Facebook Crypto Libra
PYMNTS
JUNE 18, 2019
Shares in Western Union have fallen on Tuesday (June 18) on the news that Facebook is going to release a new cryptocurrency called Libra , according to a report by CNBC. Western Union stocks fell 1.7 percent, making the company one of the worst performing ones on the S&P 500 index.
Abt Electronics, Inc. simplifies rebates and co-op fund capture with IBM Incentive Compensation
Insights on Business
JUNE 18, 2019
Vendor rebates and co-marketing funds can be difficult for retailers to track and successfully capture, especially when multiple, siloed legacy systems are involved.
Brex launches corporate card for biotech, life sciences firms
Bank Innovation
JUNE 18, 2019
San Francisco-based corporate card startup Brex today launched a corporate card specifically tailored to companies in the life sciences industry.
Things worth reading: 20th June 2019
Chris Skinner
JUNE 19, 2019
Things we’re reading today include … Libra: Facebook launches cryptocurrency in bid to shake up global finance Donald Trump attacks ECB for ‘currency manipulation’ Challenger bank CYBG looks to Branson brand Lloyds staff happy with chief executive’s £6.3m
Target Says Weekend Outage Due To NCR Glitch
PYMNTS
JUNE 17, 2019
Target faced a register outage that lasted for about 90 minutes on Sunday (June 16), which meant it couldn’t process cards or other forms of payment.
Banks: Digitally decouple the core to compete in an open-access world
Accenture
JUNE 17, 2019
Guest bloggers Ben Lopez and Charlie Arthy continue their series on achieving simplified, future-ready bank operations. .
Why eBay signed on to Facebook’s crypto venture
Bank Innovation
JUNE 18, 2019
EBay today joined Uber, PayPal, Lyft and other tech heavyweights as an inaugural member of the Libra Association, the Switzerland-based organization that will oversee Facebook's cryptocurrency.
Things worth reading: 18th June 2019
Chris Skinner
JUNE 17, 2019
Things we’re reading today include … Why the Dutch Hate Bankers Lloyds launches a banking app to view current accounts, savings and credit cards all in one place The Bank of England’s biggest problem?
Who’s Responsible For IoT Security?
PYMNTS
JUNE 17, 2019
Smart technology is what makes ordering by voice and remotely monitoring your home possible. Promising as intelligence of things (IoT) solutions are, though, security has been a stumbling block.
Consumer LOS Upgrade Generates Big Gains for CU in Niche Markets
CU Direct
JUNE 18, 2019
Credit unions are coming full circle in the current business climate that favors those who drill deep into niche markets, rather than casting a wide but shallow net. Technology has enabled businesses to locate ideal customers, reach them where they live, and speak their language.
How Rockland Trust is using an AI-based tool to grow sales
Bank Innovation
JUNE 18, 2019
In the battle for customer loyalty with digital-first competitors, Rockland Trust has deployed an AI tool to boost its customer acquisition efforts.
The Finanser’s Week: 10th June – 16th June 2019
Chris Skinner
JUNE 15, 2019
The main blog headlines are … Challenger banks don’t matter as they’re not a primary account During Money 2020 Europe, I bumped into a chap from Monzo. No names mentioned, but he was buzzing and no wonder.
7M Venmo Transactions Scraped To Warn Users
PYMNTS
JUNE 16, 2019
A computer science student scraped seven million Venmo transactions to warn users that their public activity can still be stolen. Dan Salmon said he scraped the transactions over the course of six months to prove to users that they need to set their Venmo payments to private.
Using Display Ads To Drive Profitable Deposits
Banker to Banker
JUNE 17, 2019
DEPOSIT MARKETING You have probably heard that digital display ads, those small billboards that pop up on mobile, social channels and websites are worthless.
Facebook wants its cryptocurrency to one day rival the greenback
Bank Innovation
JUNE 18, 2019
Facebook Inc. unveiled plans for a new cryptocurrency that the social-media giant hopes will one day trade on a global scale much like the U.S. dollar.
Is the relationship manager still viable? (Podcast)
Accenture
JUNE 18, 2019
The UK banking industry’s focus on commercial banking for small- and medium-sized enterprises (SMEs) is now at its most intense in more than a decade. It isn’t hard to see why: Alongside the new funding—and controversies—generated by the RBS remedies, we’re also seeing the big incumbent players targeting investments at SME services.
Open Banking Co Token Receives $16.5M Investment
PYMNTS
JUNE 18, 2019
Turnkey open banking platform Token has received a $36.5 million investment from a few investors, including Opera Tech Ventures , which is the venture division of bank BNP Paribas. Other investors include banks in the Middle East and Southeast Asia, according to a release by the company.
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