2019

Why Africa Is eCommerce’s Next Great Frontier

PYMNTS

Africa as next great eCommerce frontier? The ingredients for a revolution in payments across the region, fueled by demographics and technology, seem to be there.

How financial institutions are embracing blockchain

Mobile Payments Today

What's holding the blockchain back? What can make it more secure? Panelists at Financial Services Data Security Summit, sponsored by Thales and Networld Media Group, shared thoughts on these issues

FinTech Forecasts for 2019

Chris Skinner

There are many pundits predicting change in banking and FinTech this year. Here’s a review of a few of the ones that have some depth. American Banker published seven FinTech predictions for 2019 by Bob Legters, Chief Product Officer of Banking and Payments at FIS.

Risk management in the cloud: A strategic imperative

Insights on Business

For financial institutions, the benefits of moving away from legacy in-house systems to the cloud are obvious. A cloud environment offers financial institutions greater speed and agility than their current environments.

Will Digital Technology Save Citi More Than $1 Billion Over the Next 3 Years?

Bank Innovation

Citigroup CEO Michael Corbat touted roughly $200 million in cost savings the bank found in 2018 by going digital and taking on other related initiatives. It seems $200 million is only the beginning.

Apple Is Going After The Healthcare Industry, Starting With Personal Health Data

CB Insights

As Apple CEO Tim Cook has said, the healthcare market makes the smartphone market look small. In fact, with over $7 trillion in health spending per year, it’s already almost 10% of global GDP.

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4 Ways to Measure Marketing Campaigns You (Probably) Haven’t Considered

Dataconomy

When we need to measure marketing campaigns, most of us have cracked online campaign tracking – we have a cookie or a user ID that we can use to clearly track user behaviour through to conversions, and develop robust datasets. But out in the offline world, there are powerful channels.

More Trending

The 3 Challenges Any Effort Must Overcome

Credit Union Geek

This post began as I considered technologies emerging within the financial space. From chatbots to mobile app improvements, I don’t have to explain all the emerging…stuff.

Mastercard, DPO Group team up for pan-African merchant payments

The Paypers

(The Paypers) Mastercard and DPO Group , a Kenya-based payment service provider, have collaborated to help over 40,000 African merchants to accept Mastercard payments

Top 5 Fraud & Security Posts 2018: AI and Machine Learning

FICO

The tremendous interest in AI and machine learning drove the readership on the Fraud & Security blog in 2018. Here are the five posts with the most views. 5 Keys to Using AI and Machine Learning in Fraud Detection.

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Amazon Plans Whole Foods Expansions In Closed Sears Stores

PYMNTS

Amazon has its eyes on expansion for its Whole Foods brand in closed Sears and Kmart stores, according to a report by Yahoo! Finance. The recent woes of Sears and other struggling retailers are seen as an opportunity for the online retail giant. Sources told Yahoo!

Podcast episode 14: Switch CEO discusses automating payment card data

Mobile Payments Today

Host David Jones, discusses automating payment card data, and how it protects cardholders and merchants with Switch CEO, Chris Hopen

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The new FinTech bank

Chris Skinner

For years, I’ve been wondering why people in business operations couldn’t align their needs with the people delivering technology in the organisation. The CIO would sit outside the business, watching and responding to requests.

Quantum computing finds a home in risk management

Insights on Business

At school, we were taught classical physics. The laws of Newtonian gravity dominated our studies and life seemed so simple – everything moved in a straight line unless acted on by an external force and F=ma, mass x acceleration. Then it all changed.

Fewer Deals But More Dollars Flowed from VCs to Fintech Startups in 2018

Bank Innovation

Fewer but larger venture capital deals in 2018 translated into some big payoffs for fintechs. Fintech-related funding jumped 38% to nearly $11 billion in 2018, according to the 4Q18 MoneyTree Report from PwC and CB Insights. Deal activity in the space rose to 627 transactions, up from 571 in 2017.

What Are Smart Cities?

CB Insights

Cities are evolving at a rapid pace. Over half the world’s population currently lives in urban areas. By 2050, that number is expected to jump to 70%. . Along with a growing population, new challenges are emerging as cities look to improve everything from infrastructure to connectivity.

In the Digital Evolution of Entertainment, Data Gets a Starring Role

Dataconomy

The digital revolution has completely changed the way we buy and rent movies. Netflix, Amazon, Apple, Google and other on-demand entertainment service providers have made the brick-and-mortar video stores irrelevant.

Food and Finance blurring through technology

Daily Fintech

As technology blurs business lines and `forces` incumbents to get rid of silos, Wealth Management & Capital Markets become broader. Wealth Management & Capital Markets are being re-imagined as we speak. Stay with me in this transformation.

Getting Ready for the 2019 Deposit Slugfest

Gonzobanker

“Money frees you from doing things you dislike. Since I dislike doing nearly everything, money is handy.” Groucho Marx. Denizens of the Gonzo world, there isn’t much that is getting talked about more in the planning sessions we attend than the challenges around growing deposits.

Alibaba acquires Germany-based big data startup Data Artisans for USD 103 mln

The Paypers

(The Paypers) Alibaba has acquired Data Artisans , a Germany-based startup providing large-scale data streaming services for enterprises, for USD 103 million

The Future of Fintech Video Series: Joust

ATM Marketplace

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing

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mPOS At 37,000 Feet

PYMNTS

With the global mobile point of sale (mPOS) market projected to experience a compound annual growth rate (CAGR) of 18.8 percent from 2017 to 2026, many solution providers are looking to use partnerships as a boost to snag a bigger share of the growing market.

Looking ahead: Setting expectations for banking and mobile payments in 2019

Mobile Payments Today

The banking industry is facing multiple challenges in the face of stiff competition from fintech startups and disruptive applications that provide direct access to loans, credit and other critical services

Ten Top Trends for 2019

Chris Skinner

Hello, hello and hello again. Welcome to 2019. A brand new, fresh, shiny year, and just out of the starting gate. Having said that, yes we are still talking Brexit and we still find a group of shady bankers knocking off billions. Same s**t, different day, as Stephen King would say.

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Time done your way: Using calendars in IBM ICM

Insights on Business

In the world of Incentive Compensation Management (ICM), flexibility, audibility, and reporting are major pillars upon which a good system is built. The use of calendars in IBM ICM is at the heart of the platform, helping establish a foundation for success.

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JPMorgan Chase Adds 2 Million Mobile Users While Closing 30 Branches in 4Q

Bank Innovation

JPMorgan Chase & Co. saw an impressive 11% year-over-year growth of active mobile users, now totaling over 33.2 million, the bank disclosed today. To put that growth into perspective, Wells Fargo today revealed 7% YOY growth in active mobile users during that period.

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32 Corporate Innovation Labs In Retail

CB Insights

The impending “death of retail” has been projected for decades. But, in an increasingly digital world, brick-and-mortar retail shops are embracing new ways to disrupt the system and get an edge on customer attention. One popular choice: retail innovation labs.

A Primer to GDPR, Blockchain, and the Seven Foundational Principles of Privacy by Design

Dataconomy

Throughout my ongoing meetings and conferences about the GDPR and how it relates to cutting-edge technologies, I encounter many ‘add-on’ privacy solutions such as ‘secure your Office 365’, ‘breach detection’ and ‘fix your network.’

Is RBS being influenced by the FMCG greats in its fintech strategy?

Daily Fintech

Yesterday RBS announced it had upped its investment into one of its portfolio fintech companies, adding an additional £2m pounds into financial management app Loot , to take its stake to 25%.

7 Rules When Bankers Face the Bear

Gonzobanker

Hopefully your holiday season was restful GonzoBankers – because 2019 is literally going to be a bear. After the initial high of the “Trump Bump” in late 2016 and the euphoria-promoting “Tax Bump” of late 2017, bankers saw their fortunes turn against them in the second half of 2018.

KBank looks to startup tech to support the digital bank

The Paypers

(The Paypers) Digital bank KBANK China has announced it plans to inject THB 8 billion (~USD 250 mln) in Chinese startups within the next five years

So what's up with the Google-licenses

Money and Payments

Last weeks, we hear all kinds of stories on the Google-license, so let's have a closer look. Google already has a license since 2007 Most people forget this, but the earliest register entry for Google dates back to 2007 for E-money, and was handed out to Google Payment Limited in London. I blogged about it then, and since then we could see a Google Wallet in the works, Google bucks. The register of the FCA/FSA still has the entry here, demonstrating that it was effective until 19/5/2011.

2019: Big Payment, Commerce And Tech IPOs Loom On The Horizon

PYMNTS

Tech companies are taking more time to reach their initial public offerings, with the median gap between their early financing and their IPOs hitting 10.1 years in 2017, up from 6.9 years in 2013, according to a recent estimate.

The Future of Fintech Video Series: Joust

Mobile Payments Today

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing

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My view of 2019

Chris Skinner

So, I’ve been summarising other people’s views of the year ahead from a variety of sources, but I also wrote two outline pieces for my friends at The Banker magazine and Jim Marous’s The Financial Brand.

2019: An artificial intelligence-enhanced AML odyssey

Insights on Business

Welcome to the brave new world of regulatory technology.

Wells Fargo’s 4Q Performance a Mixed Bag, But Reflects More Digital Migration

Bank Innovation

Wells Fargo & Company saw modest growth in online and mobile customers in its fourth quarter earnings report released today. The bank had 29.2 million active digital (online and mobile) users as of the fourth quarter of 2018. That’s up 1% from 29 million last quarter and 4% from 28.1

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