Chris Skinner

AUGUST 13, 2019

I recently attended a FinTech conference where Henry Ma, Vice President & Chief Information Officer of WeBank, presented an update of how the bank is faring in China. This may … The post A bank that runs accounts for just 50 cents a year appeared first on Chris Skinner's blog.

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Conference Fintech Case Study Study 403

Chris Skinner

APRIL 8, 2019

During the weekend I presented the trends on FinTech and Tech Fin, my two favourite subjects. The … The post The challenge of transforming into “Banks of the Future” (research) appeared first on Chris Skinner's blog.

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Conference Study Trends Fintech 368

Chris Skinner

JUNE 20, 2017

Anyways, one little moment stood out enough for me to blog about, and it was the presentation from Capco’s FinTech lead Jeff Tijssen. He did, so here’s his presentation deck. The post 12 reasons why banks don’t innovate appeared first on Chris Skinner's blog.

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PYMNTS

SEPTEMBER 28, 2020

Banks' embrace of FinTech is often driven by consumers' growing demand for a more seamless and unified experience. Increasingly, treasurers are seeking intelligent solutions augmented by artificial intelligence (AI) and machine learning (ML) — and banks are turning outward to meet those needs. HighRadius & Commerce Bank.

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Abrigo

DECEMBER 17, 2021

Components of an effective fintech partnership If leveraging new technology is a priority for your FI, ensure these three elements are present for an effective fintech partnership. . Takeaway 2 When evaluating a fintech partnership, ask how the vendor will help with integration, training, and ongoing success.

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PYMNTS

NOVEMBER 9, 2020

"We are very pleased with how quickly we were able to stand up this partnership despite the unexpected challenges presented by COVID-19 from March through September.". Digital banking was a key driver for Bottomline Technologies during the quarter, too, CEO Rob Eberle said during the firm's earnings call , also on Thursday.

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Chris Skinner

NOVEMBER 5, 2019

I attended the New Stateman’s FinTech Summit yesterday. I gave the opening speech and was followed by the indomitable Anne Boden, CEO and Founder of Starling Bank, who talked about the path to profitability.

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Chris Skinner

JUNE 12, 2019

I just went through a conversation about my presentation for a forthcoming conference. … The post The logic of digital change appeared first on Chris Skinner's blog. They didn’t want to provide a prescriptive approach, and just asked what I talked about in general.

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PYMNTS

SEPTEMBER 8, 2020

In the mad dash for small firms to secure capital, many sought their PPP loans from banks other than their usual financial service providers, creating a logistical nightmare for financial institutions (FIs) that still rely on manual and outdated customer onboarding workflows. On Tuesday (Sept.

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PYMNTS

SEPTEMBER 15, 2020

Emerging markets have their own challenges when it comes to banking, where big, traditional financial institutions (FIs) are anything but efficient. The world doesn’t need another bank,” Poovala told Webster. The world needs a FinTech operating system.”.

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PYMNTS

JANUARY 3, 2020

In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. Only two of the licenses will full digital banking licenses, while the other three will be wholesale banking licenses.

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PYMNTS

NOVEMBER 1, 2018

The ongoing struggle, supposedly existential in nature, that pits upstart, relatively young FinTech firms against arrogantly complacent banks for supremacy in this new and growing world of digital payments and commerce. Trust in Banks. It’s a bit more complicated than suggested by the CNBC article, to say the least.

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PYMNTS

JUNE 13, 2019

Digital bank Monzo, based in the United Kingdom, is crossing the pond. banking license, Blomfield told the newswire, coming into the U.S. through a partnership with Sutton Bank, which is in turn based in Ohio. s FinTech-friendly regulatory environment.”. Reuters reports that the company has reached U.S.

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Chris Skinner

NOVEMBER 30, 2017

I recently presented in Miami and BBVA were kind enough to summarise what I said so … here is their summation.

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PYMNTS

NOVEMBER 12, 2020

It may be an open road for open banking as, three years after the rollout of the second Payment Services Directive (PSD2), bank-FinTech collaborations and new initiatives unlocking bank account data continue to flourish. Visa Launches FinTech Collaboration Initiative In Europe. business customers, the FIs revealed.

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Independent Banker

OCTOBER 31, 2022

A convergence of economic and marketplace factors presents community banks with new opportunities for innovation and growth as they look to the new year. The fintech landscape is shifting. In response, community banks, like $779 million-asset Lead Bank in Kansas City, Mo., Illustration by Alex/Adobe.

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PYMNTS

SEPTEMBER 23, 2020

Piatt said card-present transactions have fallen by as much as 20 percent during the pandemic, but card-not-present transactions have bounced up by 40 percent. Recreating The Card For A Digital-First World . Simple: Start with the cards.

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PYMNTS

NOVEMBER 2, 2020

Nor did they know it would take years to get all of the regulatory permissions and infrastructure in place to offer cloud-based technological solutions to thousands of banks across rural India. But Agashe said digital banking has gotten a major boost from India’s demonetization push, combined with India’s Unified Payments Interface (UPI).

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PYMNTS

OCTOBER 18, 2018

In search of added convenience and simplicity, banking customers are migrating to online and mobile banking interfaces, leaving in-person visits to brick-and-mortar branches behind. Around The Digital Banking World. Westpac , one of Australia’s “Big Four” FIs, for one, is rolling out new omnichannel banking offerings.

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Fraud social media Data Trends 178

Chris Skinner

JUNE 19, 2017

He gave an insightful presentation around how the world is changing, and how banks are moving from the age of brick to glass to air. The focus of most banks is on the age of glass, with a clear investment in mobile apps. Thanks Derek.

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Chris Skinner

DECEMBER 18, 2017

I was moderating a panel discussion about Open Banking and the panel’s opening was some research presented by Steve Ogborn and Benedict Ireland of the Unlimited Group. The guys said that only 9% of consumers had heard of Open Banking. That means 91% had no idea what it was.

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PYMNTS

JULY 1, 2020

The partnership has secured financing for 4,600 trade transactions through 185 banks in 48 emerging market countries. While disturbing, it presents an opportunity for FinTechs at a time when the market is ripe for banking disruption and digitization. But the trade finance gap remains.

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Chris Skinner

SEPTEMBER 11, 2017

I’m making a presentation on cybersecurity this week at our Nordic Finance Innovation meetings. This meant preparing a few new slides from scratch as I don’t have a set deck for cybercrime, and sat and started ideas just as the news dropped about the Equifax breach.

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PYMNTS

SEPTEMBER 30, 2019

We imagine if presented with an iPhone, penicillin, an automobile or just a ballpoint pen, even the original scribe would have been forced to concede that exciting innovations might be coming up on humanity’s horizon in the intervening 30 centuries. 30), the card network announced just such a FinTech partnership. So today (Sept.

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Chris Skinner

OCTOBER 29, 2017

It’s intriguing to see how people react to my presentations. I am direct, some call me blunt, but my content is based upon deep research that mixes desk-based analysis, my blog, endless conversations around the world with bankers and technologists and a lot of experience.

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Analysis Digital Banking Technology Fintech 292

Chris Skinner

SEPTEMBER 10, 2018

His presentation was in Chinese but, from the simultaneous translation and slides, I picked up some interesting stats. I enjoyed the LendIt conference in Shanghai, and wrote a few notes. In particular, I enjoyed hearing the story of XWBank as told by Jiang Hai, the Vice Chairman.

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Conference Case Study Study Digital Banking 292

PYMNTS

OCTOBER 22, 2020

That trend has pushed FinTechs and FIs to craft more direct financial interactions with consumers. In the great digital shift, as Purcell mused, is every app becoming a bank (and vice versa)? It is extremely difficult to succeed as a bank,” he said. Piecemeal approaches to data privacy (or in the U.S., Challenges .

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Fintech Capital Innovation Data 169

CB Insights

SEPTEMBER 1, 2020

CB Insights has unveiled the third annual Fintech 250 — a list of 250 of the top private fintech companies using technology to transform financial services. The 2020 Fintech 250 cohort has raised approximately $49.2B 25+ winners will be presenting at our upcoming fully virtual Future of Fintech Conference (Nov.

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Fintech Company Lending Capital 101

PYMNTS

DECEMBER 3, 2020

For all of the innovation that's occurred in the banking landscape, it's often consumers – not corporates – that benefit from the latest technologies. Even friction within the corporate customer onboarding process can threaten a bank's ability to adequately service a business, according to Dux. The Drive To Upgrade.

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PYMNTS

JULY 2, 2019

In South Korea, Woori Bank said this past week that it has debuted an online platform geared toward FinTech startup entrepreneurs and engineers who develop digital services, according to The Korea Times. These FinTech service offerings can span money transfers and cross-border transactions through the WiBee Bank platform.

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Chris Skinner

JUNE 2, 2017

Things have moved at a pace and ferreting around the internet this morning, I found this fascinating presentation by Matthew Brennan (you can get a PDF by emailing info@chinachannel.co). I would write a lot more, but the slides tell their own story so I’m posting them here.

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Chris Skinner

DECEMBER 16, 2018

I present regularly to retail, commercial and investment banks, wealth managers and fund managers, insurance companies and more about how technology is transforming everything. I often can feel a sense of cynicism in the room.

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Chris Skinner

APRIL 4, 2017

I often make a keynote presentation – about two or three times a week – and try to change my presentation as frequently as possible so that those who see me two or three times in a month – and it does happen – aren’t bored but, more importantly, to ensure that I’m not bored too. Was the presentation just awful?

Technology 250

Technology Digital Banking Fintech 250

Chris Skinner

MAY 23, 2018

So, I’m presenting at a Corporate Treasury event, and we get into talking about distributed ledger technology (DLT) and blockchain. Comments are made around so many tests and proofs of work and concept, but so little production.

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blockchain Technology Digital Banking Fintech 258

PYMNTS

AUGUST 21, 2020

In fact, the majority of 2020’s new accounts have gone to megabanks and digital banks, not to community institutions. In the past 90 days, Lesher said, 51 percent of new accounts have been opened at megabanks, 18 percent at digital banks, 15 percent at regional banks and just 10 percent at credit unions and community banks.

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Cards Mobile Community Bank Community 224

Chris Skinner

JULY 23, 2017

This week’s main blog headlines are … Why FinTech start-ups think they can beat the banks There’s an old joke about the guy who’s lost driving in the countryside who stops to ask a pedestrian how to get to the city. You will all know by now that I love the innovations in retail banking in Turkey, and Gürhan didn’t disappoint.

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South State Correspondent

OCTOBER 26, 2023

In this article, we detail our thoughts and the trends we saw last week in Las Vegas from a banking perspective in hopes of giving you the flavor and insight from the conference without you having to walk 10 miles per day and listen to endless vendor pitches. The near-frictionless Know Your Customer (KYC) solution merits a look from banks.

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Conference Las Vegas Fraud Data 221