Chris Skinner

JANUARY 23, 2020

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. In 2018, there were 145 “active unicorns” in the U.S.

Technology 406

Technology Fintech 406

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

Bank Innovation

JUNE 23, 2016

Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world. Launched in 2014, Ant Financial Read More.

Innovation 284

Innovation Company social media Operations 284

Bank Innovation

DECEMBER 23, 2016

Harit Talwar, Marcus Goldman Sachs has long been known as an enthusiastic investor in fintech (or just tech) startups, with companies like Circle, Cadre, Financeit, Oscar and even Uber. But this year, the company shifted from being a mere investor to joining the fray as a fintech player, announcing Read More.

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Innovation Fintech Company Operations 305

Chris Skinner

SEPTEMBER 18, 2016

I was talking with a technology firm the other day. Not any of … The post The Finanser’s Week: 12th September – 18th September 2016 appeared first on Chris Skinner's blog. Here are our key posts for the past week … Do banks need a CIO? They offer everything from cloud to core systems. Not Accenture.

System 150

System Technology 150

Bank Innovation

MAY 1, 2016

Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.

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Millennials social media Operations Cards 240

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

Bank Innovation

FEBRUARY 16, 2016

Silicon Valley is coming to banking? That happened long ago — just ask Silicon Valley Bank, a financial institution built to serve the world’s center of innovation. Few bankers can claim better knowledge of what the tech giants are up to. Startups, you say? SVB claims it banks a staggering two-thirds Read More.

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Community Bank Branding Community Innovation 244

Chris Skinner

DECEMBER 16, 2016

The standard is meant to guide how open banking data should be created, shared and used by its owners and those … The post Open Banking consultation (deadline December 23 2016) appeared first on Chris Skinner's blog.

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Groups Data Digital Banking Innovation 150

Bank Innovation

JANUARY 29, 2018

UnionPay International, a subsidiary of China UnionPay, has partnered with telecoms company Huawei Technologies to launch mobile payment service Huawei Pay across global markets, beginning with Russia. The move is an expansion of the partnership the companies inked in 2016, when Huawei Pay was first launched.

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Mobile Technology Marketing Payments 292

Bank Innovation

FEBRUARY 24, 2016

The panel of judges — Scarlett Sieber of BBVA; Sam Maule of Carlisle & Gallagher; Ryan Falvey of the Center for Financial Services Innovation; Matt Wilcox of Fiserv; and Phil Ryan of Bank Innovation — will decide which company is worthy of the “Best in Show” DEMOvation crown at Bank Innovation 2016.

Innovation 150

Innovation Seattle Fintech Company 150

Bank Innovation

OCTOBER 17, 2016

This is according to Bank Innovation’s annual State of Banking Innovation survey for 2016, Read More. Mobile banking is the most valuable area of innovation when it comes to consumers, say banks and credit unions—which is probably why that’s the area these institutions are spending the most money on trying to innovate.

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Innovation Mobile Survey Bitcoin 150

Bank Innovation

DECEMBER 23, 2016

Tom Blomfield, Monzo In this age of fintech-rules-it-all, nobody (hopefully) needs an explainer on what a neobank is. specifically has been an epicenter of the mobile-first banks, with Atom Bank, Starling Bank, Tandem Bank and Monzo as the main players. So why single out Monzo? Well, customer retention Read More.

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Innovation Maine Mobile Fintech 231

Bank Innovation

FEBRUARY 16, 2017

Venture capitalists were not buying it last year. Venture capital-backed fintech companies in the U.S. saw a drop in both deals and funding volume last year. Fintechs raised $5.5 billion across 422 deals, compared to $7.7 billion (and 459 deals) in 2015 – a 29% drop, according to the Global Fintech Read More.

Fintech 230

Fintech Capital Company Operations 230

Chris Skinner

JULY 3, 2017

There are almost 20 million users of mobile banking across the UK in 2016, making 159 logins every second. million customer-to-bank contacts made using web chat in 2016 – 510 every hour. Video chats are also growing in popularity, up 92% during 2016. Video chats are also growing in popularity, up 92% during 2016.

Mobile 286

Mobile Cards Video Management 286

Bank Innovation

DECEMBER 23, 2016

While the current technology allows for a fully automated portfolio management system, we saw a lot of the Read More. Partnerships, funding rounds, startups, acquisitions – robos have had a busy year.

System 150

System Management Technology Company 150

Chris Skinner

JULY 21, 2017

They want to get to the nirvana of new technologies, but are stuck in a spaghetti of old systems. What we are seeing is many new companies launching capabilities built upon the latest internet-enabled technologies. They are very different to banks and are collectively known as FinTech, financial technology start-up companies.

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Fintech System Technology Apple 361

Bank Innovation

OCTOBER 19, 2016

At tomorrow’s session (October 20, 2016) the […]. I was invited by the New York Federal Reserve Bank to moderate a panel at its annual Culture Conference on the challenges and opportunities that FinTech is raising for the culture of financial institutions. As this is a topic that has long interested me I was happy to accept.

Technology 150

Technology New York Conference Fintech 150

Chris Skinner

MARCH 22, 2017

I blogged a year ago about TechFin, the incumbents’ view of applying technology to existing banking services, versus FinTech which seeks to transform the financial system. TechFin is to rebuild the system with technology. In November 2016, Ant partnered with Thailand’s Ascend Money, which also runs a digital wallet service.

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Company Payments System Fintech 350

PYMNTS

JANUARY 27, 2021

Case in point: as Minna Technologies has noted, the average European consumes has 11 subscriptions in place — and the average household has 21 subscriptions. Founded in 2016 in Gothenburg, Sweden, Minna enables customers to manage subscription services via their bank’s app.

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Management Technology Cards Retail 181

Payments Dive

JUNE 28, 2016

Date: July 21, 2016 | Time: 2:00 PM EDT | Duration: 60 Minutes | Exploring technology solutions to improve customer engagement and enhance their shopping experience? Looking for ways to increase same-store sales and improve associate productivity? Think you can't have it all and still control costs?

Operations 236

Operations Retail Mobile Technology 236

Abrigo

OCTOBER 17, 2022

Roberts, who joined the company in 2016, is stepping back to focus more time on personal interests and passions. and in bank technology nationally. Through organic growth and strategic M&A, Abrigo has grown to be a leading player in the bank technology market, serving over 2,300 financial institutions across the U.S.

Texas 370

Texas Leadership Austin Raleigh 370

Bank Innovation

APRIL 14, 2017

Over the past two years, the transaction volume in the financial technology and information technology sectors remained relatively flat. According to the investment bank Berkery Noyes, there were 870 financial technology and information industry M&A transactions from the beginning of 2015 through to the end of 2016.

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Fintech Financial Technology Technology Industry 210

Bank Innovation

MAY 9, 2017

The world’s largest digital payment platform is expanding its pre-existing deal with commerce technology provider First Data, the companies announced yesterday. The initial agreement was launched in 2016, where First […].

Mobile 210

Mobile Data Technology Payments 210

Bank Innovation

MARCH 9, 2017

2016 was a big year for Blockchain. The hype around Blockchain was palpable, and we saw news from all around the world about various initiatives picking up steam. While this entry is not meant to provide a comprehensive state of *all* of the consortiums out there, I am attempting to capture the ones that seem […].

blockchain 306

blockchain Online Innovation Technology 306

Bank Innovation

OCTOBER 12, 2016

APIs (application programming interfaces) are fast becoming integral to the banking world, but corporate culture has not yet caught up with the technology, according to data from a survey conducted by the Open Bank Project together with Bank Innovation.

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Survey Innovation Technology Data 150

Chris Skinner

OCTOBER 4, 2017

It also usually proves to be one of the most read items on my blog – here’s the 2015 and 2016 reports – so, as … The post The top trends in retail banking innovation appeared first on Chris Skinner's blog.

Trends 305

Trends Innovation Retail Survey 305

PYMNTS

AUGUST 13, 2020

Waze is committed to continuing to help businesses leverage innovative technology to adapt, evolve, and engage with customers,” said Andrew Kandel, Waze U.S. But in June of 2016, Google went ahead and merged this data anyway, effectively destroying anonymity on the internet.”. country manager, in a statement.

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Rhode Island Google Payments Florida 346

PYMNTS

NOVEMBER 13, 2020

Technologies such as automation and blockchain are thus receiving more attention from businesses, especially as the volume of data that accompanies cross-border transactions expands. billion to business email compromise (BEC) scams last year, for example, and global businesses losing approximately $26 billion between June 2016 and July 2019.

Technology 162

Technology Payments blockchain Security 162

PYMNTS

MARCH 4, 2020

Barry Floyd, the firm’s chief financial officer, told PYMNTS in a recent interview that the company was particularly busy during 2016 and 2017, when Hurricanes Matthew and Irma hit the company’s home state of Florida. This is why Paul Davis is turning to new technology, Floyd said. Bringing Innovation to a Traditional Industry.

Management 141

Management Technology Analytics Resources 141

Bank Innovation

NOVEMBER 15, 2016

Every year, Bank Innovation chooses the bank and fintech videos that made us laugh, the ones that made us cry, the ones that made us want to go out and buy baby animals, and of course, the ones that made us go out and better manage our finances (well, we tried.) Read More.

Video 150

Video Course US Innovation 150

PYMNTS

JANUARY 16, 2018

According to research inside the Kiosk and Retail Report, a USA Technologies collaboration, by the time the next decade rolls around, the interactive kiosk industry market will be worth $1.073 billion. million in 2016. accounting for a combined 35 percent of machines in the field as of 2016. market growing from $533.37

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Retail Industry Data Study 187

Chris Skinner

DECEMBER 14, 2017

Released in 2016, I thought it would be some frivolous Trekkie’s drooling over the wonder of the Federation’s … The post The economics of our future world appeared first on Chris Skinner's blog.

Innovation 283

Innovation Technology 283

Chris Skinner

AUGUST 30, 2016

The latest report, almost 300 pages of analysis, provide more insights of the first half of the year in FinTech [Money of the Future 1H’2016 and Chinese, Korean and Japanese … The post The three sexiest words in FinTech appeared first on Chris Skinner's blog.

Fintech 284

Fintech blockchain Analysis Report 284

Bank Innovation

SEPTEMBER 30, 2016

What is the state of banking innovation today? Each year, we poll the industry to find out. Fintech funding has grown tougher to raise though total volume, because of a few monster deals, may exceed the previous year. Finovate this year pursued many themes that would have been familiar in Read More.

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Innovation Fintech Industry Survey 150

Accenture: Banking

SEPTEMBER 11, 2017

Prediction : Contactless card transactions in the UK will rise to between 6BN – 9BN transactions in 2017, (compared to my forecasts a year ago of 3BN transactions for the UK for 2016). Apple Pay) which grew 336 percent in the UK in the first half of 2017 compared to the same period in 2016 according to Worldpay. Retailing/Acceptance.

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Payments Bitcoin Trends Apple 222

Bank Innovation

FEBRUARY 20, 2017

China may have taken the top spot in 2016 fintech funding, but it wasn’t the one doing most of the investing. While China claimed nearly $8 billion of the total $17.4 billion invested across the world, according to a report by U.K-based based Innovate Finance, the top fintech investor for the year Read More.

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Fintech Innovation Report Capital 223