Trending Articles

The Finanser’s Week: 20th January 2020 – 26th January 2020

Chris Skinner

The main blog headlines are … Survey: Banks just aren’t ready for digital I’ve just been reading Jim Marous’s Digital Banking Report which ties in nicely with my new book Doing Digital, as the themes are similar.

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Legislators Work On Proposal For Japan To Create Its Own Crypto

PYMNTS

In a move that signals Tokyo’s concern regarding China’s effort to make a digital yuan, as well as Facebook’s Libra, a collection of ruling party legislators is crafting a proposal for Japan to create its own cryptocurrency.

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Survey: Banks just aren’t ready for digital

Chris Skinner

I’ve just been reading Jim Marous’s Digital Banking Report which ties in nicely with my new book Doing Digital, as the themes are similar.

Survey 273

How blockchain will impact the supply chain

Mobile Payments Today

Blockchain technology can provide excellent tools for supply chain management. Former Coca-Cola executive Kraig Adams talks about how he got involved with blockchain technology and how it will transform supply chain management

Stuck-in-the-past Japanese banks wary of fintech revolution

Bank Innovation

Japan’s effort to nudge its more than 100 struggling regional lenders into the digital age is floundering.

Cannabis Banking: Mitigating Reputation Risk to Financial Institutions

Abrigo

Key Takeaways The number of institutions banking cannabis grew significantly in 2019. Despite Federal ambiguity, State Regulators are beginning to clearly define their stances on cannabis banking.

It’s a start-up world

Chris Skinner

Although most businesses fail in their first year, it is quite incredible just how many start-ups there are around the world doing something interesting with technology. According to Embroker: In 2016, 69% of U.S. entrepreneurs started their business at home.

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More Trending

Italian Postal Service Targets SMBs With QR Code Payments

PYMNTS

Italian postal service Poste Italiane is introducing a new payments technology in an effort to attract more domestic small businesses, according to a report by Reuters. Marco Siracusano, the head of digital payment company PostePay, shared the news on Friday (Jan.

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Toyota Financial’s New Zealand arm inks fintech partnership

Bank Innovation

Toyota Finance New Zealand (TFNZ) has partnered with Ephesoft, an AI-powered data capturing platform, to help streamline and automate its loan-application processes, Ephesoft’s Founder and Chief Executive Ike Kavas told Auto Finance News.

Why shell companies are so risky (and hard to spot)

Insights on Business

Shell companies and the hidden threat of entity risk. While not inherently illegal, shell companies have been getting a lot attention recently for the role they play in illegal activity.

Visa rolls out cash access incentives for UK merchants in underbanked communities

Mobile Payments Today

Visa is launching a program to expand access to cash for rural and low income communities in the U.K. amid reduced access to branch banking and ATM coverage. The program gives incentives to retailers to provide cash back to customers

MoneyGram Teams With LuLu Money To Power Asia-Pacific Transactions

PYMNTS

Cross-border peer-to-peer (P2P) payments firm MoneyGram has teamed up with foreign exchange and global money transfer company LuLu Money , MoneyGram announced on Tuesday (Jan.

Which Regulatory Issues Will Bankers Prioritize in 2020?

Bank Innovation

Amid the digital upheaval in our industry, one thing hasn’t changed: regulatory compliance. In fact, given digital transformation, it is even more important that institutions maintain their compliance with federal, state and local laws and regulations.

Pragmatists: Go on, convince me

Accenture

Accenture’s ground-breaking 2019 Global Financial Services Consumer Study has seen four mindsets emerge from the data: Pioneers, Sceptics, Traditionalists and Pragmatists. In this series of blog posts, we’ll look at each type in the Australian context.¹

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Things worth reading: 24th January 2020

Chris Skinner

Things we’re reading today include … Executive at Portuguese bank co-owned by Isabel dos Santos is found dead JPMorgan board raises CEO Dimon’s pay to $31.5

Case Study: How To Win More Loan Business

Banker to Banker

We work on thousands of lending transactions every year with hundreds of community banks across the country.

Making Money When It Rains Iguanas

PYMNTS

Dale Carnegie, America’s first self-help guru and author of “How To Win Friends & Influence People,” famously coined the phrase “when life gives you lemons, make lemonade” as a practical aphorism for dealing with adversity. But this week, the people of Florida have an unusual rejoinder.

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Weekly Wrap: Digit expands automation, Brex grows product suite

Bank Innovation

Welcome to the latest episode of our Weekly Wrap video series, for the week ending Friday, January 24, 2019.

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Learning to live with PSD2: reducing customer journey friction

Accenture

Guest bloggers Philip Cooney and Gaurav Bansal explore the pain points around PSD2 and how banks are trying to reduce friction for their customers. A few weeks ago, I (Phil) submitted my weekly grocery order and set off to meet a friend for dinner. I expected to hear no more about it until my order….

The global new banking brew

Chris Skinner

Another useful person in my online network is Steve McLaughlin of @FTPartners, who I spotted sent a tweet last week saying they had produced a challenger bank report.

Increase Deposits The Easy Way and Get a 150%+ Return [Template]

Banker to Banker

When you are a banker, sometimes your workload doesn’t come in neat memos or emails. A lot of stuff just gets dropped off on your desk with notes to “Fix This” (like below) or solve that. Fortunately, a lot of these problems are easy to solve.

New York City Council Bans Cashless Food And Retail Stores

PYMNTS

The New York City Council on Thursday (Jan. 23) passed a ban on cashless food and retail stores. The ban was reportedly spearheaded by Councilmember Ritchie Torres.

Google ban fails to stamp out short-term payday lending apps

Bank Innovation

In August, Google announced a global crackdown on Android apps that offer short-term loans, saying it wanted to protect consumers from what it called “deceptive and exploitative” terms.

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The future of mortgage decisioning is taking shape today

Accenture

Picture the scene. You approach the average shopper on the average high street and ask them how they think a bank decides whether or not to offer them a mortgage. What’s their response? Do they dive into an animated monologue about open data access requests, Big-Data-fuelled categorisation and fine-tuned machine learning algorithms? Or do they…. The post The future of mortgage decisioning is taking shape today appeared first on Accenture Banking Blog.

The virtual banking brew in Asia

Chris Skinner

Varun Mittal, Associate Partner with EY, recently posted a couple of interesting slides about the launch of virtual banking licences to encourage challenger banks in Asia. If you’re not aware, there’s a great deal of digital banking activity across Asia.

The Value of Investing in In-branch Video Banking

ATM Marketplace

As banks pilot or expand their video banking plans , what should they consider? Follow 5 easy tips

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Can Amazon Make Waving The Future Of Payments?

PYMNTS

The rumors about hand-based payments out of Amazon have been building for the last few months.

Banking licenses an opportunity to create fintech hub in Singapore

Bank Innovation

Singapore is becoming a haven for e-commerce companies looking to get into banking in Asian markets.

A Fintech side-effect: Excessive Corporate Control by the Big Three

Daily Fintech

The growth of the ETF sector is well documented and the robo-advisory fintech growth merits a piece of this `success`. According to my estimates, last year digital investing from startups and incumbents represented roughly 12% of the entire ETF market.

JPMorgan Chase: First Among Equals

Chris Skinner

When The Financial Times does what they’re good at – covering financial markets and not technology – then they do produce some fascinating content. Case in point is the latest coverage of JPMorgan Chase’s (JPMC) 2019 results.

Finance Close Automation with Oracle

Perficient Financial Servies

In large corporations today, the financial close process is time consuming and has multiple process bottlenecks that are disconnected.

As Virtual And Augmented Reality Rise, Retail Use Cases Come Into Focus

PYMNTS

Don’t look now, but virtual reality and augmented reality are starting to make bigger gains in the retail world.

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Temenos to help US clients launch digital banks in 90 days

Bank Innovation

The race to create a challenger bank just got more competitive with a ready-made solution from core provider Temenos that can help brands stand up a digital bank in as few as 90 days.

Security Token news for Week ending 24 January 2020

Daily Fintech

Here is our pick of the 3 most important Security Tokens news stories during the week: One. Silicon Valley Coin by Andra Capital Uses Tezos Blockchain and TokenSoft for Its Security Token Offering.

Things worth reading: 23rd January 2020

Chris Skinner

4 ATM trends that can't be ignored in 2020

ATM Marketplace

Triton Systems' Daryl Cornell predicts that 2020 will be a big year for tap and go, and that frustrations with Windows 10 will simmer

Mastercard, SoFi Team Up On Debit Card, Payment Products

PYMNTS

Mastercard and digital personal finance company SoFi have teamed up on a suite of products and experiences to benefit SoFi’s nearly one million customers, the companies announced in a release.