Bank Innovation

APRIL 4, 2017

billion technology spend in 2016 went to fintech solutions, and given the company’s 2016 results, it seems like money well spent. According to the company’s Annual Report 2016, released today, the bank’s spend on fintech included improving its mobile and digital services. $600 million of JP Morgan Chase’s $9.5

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Fintech Video Mobile Technology 252

Chris Skinner

OCTOBER 8, 2016

The idea is that the new bank will have no … The post The Finanser’s Week: 3rd October – 9th October 2016 appeared first on Chris Skinner's blog. One of the commonest questions I’m asked is whether the bank should just launch another bank, rather than trying to be digital and convert the existing bank.

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Maine 299

BankInovation

MARCH 5, 2024

For the first time since it was founded in 2016, digital bank Dave posted a profitable quarter. Dave reported fourth-quarter adjusted EBIDTA of $10 million compared to a loss of $13 million in Q4 2022, according to the bank’s earnings release today.

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Digital Banking Technology Report 77

Chris Skinner

JULY 5, 2016

As they publish my content sometimes, here is their list (click on the titles to see the reports): … The post The best blockchain research papers, Q2 2016 appeared first on Chris Skinner's blog. There’s been a load more since, but Brave New Coin has curated a nice summary of all those that came out in the last quarter.

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blockchain Report 264

Chris Skinner

NOVEMBER 10, 2016

Things we’re reading today include … Gold sees biggest rally since Brexit as as investors flee to safe havens Goldman promotes record number of women to top tier India scraps 500 and 1,000 rupee bank notes overnight UK ‘flash crash’ trader Navinder Sarao pleads guilty in US US investors prepare for ‘regulatory bloodbath’ Banks (..)

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US 225

Accenture

MARCH 2, 2016

Here are my predictions for 2016: Contactless card transactions will start reaching saturation. Each year I take a look at what’s ahead for the payments landscape, based on our work with clients and observations of trends in the wider industry. Read more.

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Payments Trends Cards Industry 150

Bank Innovation

MAY 19, 2016

Stellar, a non-profit organization dedicated to building financial products for underserved customers across the globe, is focusing its innovation efforts in 2016 on Africa’s largest economy, Nigeria.

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Innovation Company blockchain Mobile 240

PYMNTS

SEPTEMBER 29, 2019

Consumer bank Marcus , launched by Goldman Sachs in 2016, has lost $1.3 In 2016, Marcus launched consumer savings accounts with an opening balance of just $1. billion despite buying startups and building call centers in Utah and Texas, The Wall Street Journal reported Saturday (Sept. It also offered loans for a “few thousand dollars.”.

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Apple Utah Texas Cards 164

Chris Skinner

OCTOBER 3, 2016

Things we’re reading today include … ING plans to shed 7,000 jobs, invest in digital platform Clinton expected to hit Wells Fargo in speech on ‘bad corporate actors’ The City of London will be fine after Brexit – and a vengeful Europe would be shooting itself in the foot Deutsche Bank races against time to … The post Things (..)

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Bank Innovation

DECEMBER 22, 2016

Blockchain—possibly the buzziest of buzzwords in 2016. The world saw the rise of new enterprise blockchains, how the technology might be used to transport gold, to safely move perishable items like pork through a supply chain, and most importantly for those of us in the fintech trenches, we saw banks, Read More.

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blockchain Fintech US Technology 150

PYMNTS

DECEMBER 20, 2018

20) that it fined Uber $460,000 over its 2016 data breach that exposed the data on 57 million customers and drivers across the world. Earlier this year Uber settled with the state of California, agreeing to pay $148 million over the 2016 breach. The French Data Protection Authority said Thursday (Dec.

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Data Security California Regulation 192

Chris Skinner

DECEMBER 21, 2016

Things we’re reading today include … A volatile calm – the paradox of 2016 financial markets Italy approves a €20bn bailout plan for its banks Monte dei Paschi on the brink of state bailout Deloitte apologises for Brexit memo Singapore convicts banker in 1MDB case JP Morgan fined £26m over interest rate cartel ‘Buy now, … (..)

Marketing 150

Marketing 150

Chris Skinner

DECEMBER 19, 2016

2016-12 Digital Asset Holding Non Technical … The post The best FinTech research of 2016 appeared first on Chris Skinner's blog. Thanks to Oliver Bussmann’s blog, I can now provide you with a list of the best research released on Fintech this year.

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Fintech blockchain 150

Bank Innovation

JUNE 27, 2016

Some of the shine seems to have come off fintech innovation in 2016. Startup valuations are dropping; once abundant venture capital is growing scarcer; marketplace lending has gotten bruised — even the self-proclaimed capital of fintech, London, faces an uncertain future with Brexit.

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Innovation Lending Capital Fintech 285

Chris Skinner

NOVEMBER 8, 2016

Things we’re reading today include … Tesco Bank: 20,000 customers lose money Tesco Bank blames ‘systematic sophisticated attack’ for account losses Investors shrug off more losses at Lending Club HSBC boss urges government clarity on EU workers in the UK Banks, brokers gird for Brexit-style tumult following Tuesday’s election (..)

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Lending 186

Chris Skinner

AUGUST 31, 2016

tax code may allow dramatic retaliation in EU Apple case London will remain the top financial centre post-Brexit, says Deutsche Bank chief Brexit so far Swift warns banks about hacker theft Mark Carney … The post Things worth reading: 1st September 2016 appeared first on Chris Skinner's blog.

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Metro Taxes Apple 190

Chris Skinner

DECEMBER 18, 2016

Things we’re reading today include … Crunch time for troubled Monte dei Paschi as survival rests on savers Banks told to plan breakup as contingency in case of financial disaster As yuan weakens, Chinese rush to open foreign currency accounts Former UBS traders bring case against City watchdog Post-Brexit deals ‘not at price of EU (..)

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Chris Skinner

JULY 21, 2016

Things we’re reading today include … Morgan Stanley hits CEO’s bond trading target, surprising analysts Senior HSBC exec released on $1m bail in $3.5bn US forex trading probe Revealed: the biggest companies in the world in 2016 U.S.

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US Company 150

Chris Skinner

DECEMBER 20, 2016

He covered it in five big areas of change: Regulation Competition between banks Competition between countries and regions Governance and ethics Digitalisation There are a few other … The post 2016: the year that was appeared first on Chris Skinner's blog.

Regional 150

Regional Regulation 150

Chris Skinner

JULY 8, 2016

investment banks offer support for London after Brexit vote RBS and Lloyds upgraded as analysts see bottom of the market … The post Things worth reading: 8th July 2016 appeared first on Chris Skinner's blog.

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Fraud Marketing 184

Chris Skinner

DECEMBER 22, 2016

The reason is that it is in three parts is that there were seven of us in the … The post What else happened in 2016? One of those is FinTech Insider, who just recorded an episode that will be released in three parts on December 26, 27 and 29. appeared first on Chris Skinner's blog.

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Fintech US 150

Chris Skinner

AUGUST 30, 2016

The Apple fiasco shows why corporation tax is an outdated anachronism Trade … The post Things worth reading: 31st August 2016 appeared first on Chris Skinner's blog.

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Taxes Apple Groups Data 171

Chris Skinner

AUGUST 28, 2016

Things we’re reading today include … These big banks are working on a digital currency together Lloyds Bank chief’s lover faces calls to quit from university 90pc of bank customers unaware their income details are tracked and shared – and it’s legal EU’s TTIP trade deal with the US has collapsed, says Germany Brexit may (..)

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US 171

Bank Innovation

FEBRUARY 29, 2016

In a sign of the times in consumer lending, Auto Finance News today announced the launch of Auto Finance Innovation 2016, a new industry forum to explore the fintech revolution and how it is reshaping automotive lending and leasing.

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Innovation Lending Fintech Industry 150

Chris Skinner

JULY 5, 2016

Bank of England releases £150bn of lending amid warnings on stability Here are the five biggest risks facing the UK economy Mastercard to face UK class action lawsuit Fed’s Williams says Brexit effect as expected, no big deal FBI … The post Things worth reading: 6th July 2016 appeared first on Chris Skinner's blog.

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Lending 171

Chris Skinner

JULY 5, 2016

Things we’re reading today include … India’s “unbanked” resist push for them to get accounts London Stock Exchange shareholders agree German deal Global investment banks have slowest first half since 2012 RBS sale delayed for ‘a couple of years’ by Brexit share price crash Bank of England could pump up funding (..)

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Lending 171

Chris Skinner

AUGUST 14, 2016

You have … The post The Finanser’s Week: 8th August – 14th August 2016 appeared first on Chris Skinner's blog. It’s a lot of pipes, wires, cables and tunnels that were built in the Victorian times and are still operating today.

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System Operations 196

Chris Skinner

DECEMBER 18, 2016

A summary of the main blogs of the week … Open Banking consultation (deadline December 23 2016) I’ve been talking a lot about open sourcing financial services this year and, more recently, tracking Open Banking. The … The post The Finanser’s Week: 12th December – 18th December 2016 appeared first on Chris Skinner's blog.

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Chris Skinner

DECEMBER 19, 2016

Things we’re reading today include … Ukraine leader urges calm after PrivatBank is nationalised Lloyds Bank buys MBNA credit card firm for £1.9bn Barclays braced to cut up to 7,000 trading customers Christine Lagarde: IMF chief convicted over payout Fed approves rule requiring banks to publicly disclose liquid assets Italy seeks 20bn euros (..)

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Cards 150

Chris Skinner

DECEMBER 12, 2016

Things we’re reading today include … Exclusive: SWIFT confirms new cyber thefts, hacking tactics Fed gives banks five years to comply with Volcker Rule limits City watchdog to review mortgage market competition $1,570,000,000,000: how much the world spent on arms this year Barclays exits retail banking in Europe after selling off last (..)

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Chris Skinner

JUNE 28, 2016

Things we’re reading today include … Winter is coming: what the UK’s Brexit talks will look like in Game of Thrones scenes Banks work on post-Brexit strategy Here’s the one sector that has done very well out of Brexit Richard Branson: Virgin Group lost a third of value since Brexit vote – video Shares in … The post (..)

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Video Strategy Groups 164

Bank Innovation

MARCH 2, 2016

Eleven companies were awarded slots in the DEMOvation Challenge, which took place yesterday here at Bank Innovation 2016, our annual first-quarter event. SEATTLE – In the end, it came down to biometrics versus blockchain.

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blockchain Innovation Seattle Software 150

Chris Skinner

DECEMBER 21, 2016

Things we’re reading today include … Eurozone COLLAPSE fears as Italy demands £17BILLION bailout to prop up its ‘doomed’ bank London Stock Exchange in talks to sell French clearing house to Euronext Lloyds Bank swoops on credit card provider MBNA in £1.9bn deal What not to expect in 2017 Plastic £5 note maker Innovia snapped (..)

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Cards 150

Chris Skinner

NOVEMBER 30, 2016

Things we’re reading today include … Banking app targets budgeting millennials Former Barclays banker hearings adjourned Logica pair plead guilty to insider dealing RBS fails toughest Bank of England stress test as Barclays and Standard Chartered struggle Bank of England yields to vegan pressure over plastic fivers The health of UK banks (..)

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Millennials 150

Chris Skinner

DECEMBER 15, 2016

Things we’re reading today include … Brexit trade deal could take 10 years, says UK’s ambassador Euro tumbles to 14-year low against the dollar Lloyd’s of London plots EU shift to ward off Brexit threat Don’t be afraid to fight for the City, Lords tell the Government US Federal Reserve raises interest rates: what happens … (..)

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US 150

Chris Skinner

DECEMBER 15, 2016

regulators One billion accounts may have been breached in latest Yahoo attack Watchdog eyes revamp of financial compensation scheme Brexit: Warning firms could leave City over uncertainty Why is the US Federal Reserve … The post Things worth reading: 15th December 2016 appeared first on Chris Skinner's blog.

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Regulation US 150

Chris Skinner

DECEMBER 13, 2016

Things we’re reading today include … ‘Bank let me withdraw $2million so I spent it on strippers, cocaine and fast cars’ Wells Fargo fails US bankruptcy test for a second time UniCredit shares soar on plan to raise billions UniCredit unveils €13bn fundraising and plans to cut 14,000 jobs HSBC closes a quarter of branches, … (..)

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US 150