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.

Innovation 407

Innovation Regulation Conference Fintech 407

PYMNTS

NOVEMBER 23, 2018

In banking and payments architecture, especially in the digital realm, a corollary might be “form and function co-exist, and should be flexible enough to change rather quickly.”. Kennedy stated that 86 400 will exist, effectively, as a white-label offering to Cuscal clients, allowing for the emergence of Open Banking.

Digital Banking 134

Digital Banking Mobile Data Marketing 134

PYMNTS

MAY 21, 2019

Bundesbank, Germany’s central bank, said increased use of financial technology in the country could present regulators with their biggest hurdle since the financial crisis, according to a report by Bloomberg. “We Supervisors don’t like moving targets.”. percent of all retail sales, while cash payments made up 48.3 percent.

Digital Strategies 122

Digital Strategies Cards Technology Regulation 122

PYMNTS

DECEMBER 30, 2020

That presents a big opportunity for credit unions (CUs) being part of their members’ reopening journeys. So, we're excited about the technology.”. For example, 2019 was the first year that consumers reported higher overall satisfaction in their experiences with banks than they do in their experiences with CUs.

Digital Banking 206

Digital Banking Tools Fraud Examples 206

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.

Conference 368

Conference Study Trends Fintech 368

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

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.

Retail 269

Retail Management Technology Company 269

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.

blockchain 258

blockchain Technology Digital Banking Fintech 258

PYMNTS

JUNE 26, 2020

This is because many legacy FIs in particular are still reliant upon legacy infrastructure, which is simply not designed to handle the sheer volume of data generated in today’s digital banking sphere. The Tracker also analyzes how the use of cloud technology can help FIs stay on top of that shift. customers in late May.

Meeting 227

Meeting Mobile Digital Banking Tools 227

Chris Skinner

MAY 9, 2018

I just listened to a presentation by Nick Thompson, editor-in-chief at Wired, about all things in the future of tech.

Regulation 307

Regulation Case Study Study Digital Banking 307

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.

Meeting 295

Meeting Innovation Case Study Study 295

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.

Analysis 292

Analysis Digital Banking Technology Fintech 292

PYMNTS

APRIL 28, 2020

Digital banking will also become more widespread. “As As fewer people visit branches, there is definitely an opportunity for CUs to enhance and elevate their digital banking strategies,” said Salzer, with additional payment options and tightly integrated and customized experiences that can rival offerings of big banks. “As

Digital Banking 248

Digital Banking Online Fraud Customer Experience 248

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.

Conference 292

Conference Case Study Study Digital Banking 292

PYMNTS

JANUARY 28, 2021

The latest Digital-First Banking Tracker® done in collaboration with NCR , notes that “FIs are devoting more money than ever to fraud prevention as more consumers go digital. Of those willing consumers, 40 percent like fingerprint-based biometrics on banking apps, “while one-quarter preferred facial recognition technology.”.

Fraud 244

Fraud Survey Digital Banking Security 244

PYMNTS

SEPTEMBER 23, 2020

That left FIs scrambling to “rapidly figure out how to get that same emotional and engagement outcome when the possibility of face-to-face is virtually nonexistent,” Randy Piatt , head of product solutions at card technology firm Ondot Systems , told PYMNTS in a recent conversation.

Cards 283

Cards Meeting Mobile Digital Strategies 283

Chris Skinner

JUNE 30, 2016

I was piqued by Victor Matarranz’s [SEVP Head of Group Strategy and Chairman’s Office, Banco Santander] presentation at MoneyConf last week, mainly because he began by talking about Fintech 1.0 versus Fintech 2.0. Fintech 1.0 he defined as the emergence of peer-to-peer lenders and new payments companies between 2010 and 2014.

Fintech 292

Fintech Maine Strategy Groups 292

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.

User Experience 259

User Experience Mobile Conference Customer Experience 259

PYMNTS

OCTOBER 7, 2020

But by and large, with branch activities curtailed and lingering public health fears in place, banks have to offer a uniform, consistent and safe experience to all users, across all types of (online) interaction. When you move to the digital channel, it's a little more complicated” to authenticate users, he said.

Mobile 245

Mobile Security Fraud Digital Banking 245

PYMNTS

SEPTEMBER 28, 2020

The companies said they have expanded an existing partnership that will see Commerce Bank integrate HighRadius's full suite of integrated receivables and treasury management tools, one year after another expansion in which the bank added HighRadius's Virtual Card Processing and Electronic Invoice Presentment and Payment technologies.

Fintech 204

Fintech Tools Groups Management 204

PYMNTS

NOVEMBER 9, 2020

But for the commercial spending technology world, these forecasts aren't exactly rosy. This earnings season, the downturn has become apparent as several corporate payments technology players post losses. Virtual Cards And Mobile Technology. Boosting The Banking Experience. While losses climbed from $5.7

Innovation 255

Innovation Fintech Payments Mobile 255

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. ThinCats Links Up With Open Banking FinTech Salt Edge. But it may not always be smooth sailing ahead.

Fintech 220

Fintech User Experience System Data 220

PYMNTS

APRIL 21, 2020

Call it “technology debt” — legacy systems and architecture, hardware and software — that has to be worked down. Open banking and the rise of FinTechs have spurred banks to look toward developing new applications and products with speed, and to look toward moving mission-critical functions to the cloud. Moving To The Cloud.

System 208

System Taxes Data Technology 208

Chris Skinner

MARCH 26, 2018

I’ve been flying around a bit and was lucky enough to find myself onstage the other day, chairing the Ant Financial Technology Forum at Money20/20 Singapore.

Strategy 290

Strategy blockchain Financial Technology Technology 290

PYMNTS

JULY 3, 2019

“By combining Via Varejo’s expertise in financial services with Airfox’s advanced technology, we are able to offer our customers even more ease and convenience,” said Felipe Negrão, chief financial officer, Via Varejo. ”

Digital Banking 100

Digital Banking ATM America Security 100

PYMNTS

JANUARY 29, 2020

Amid the targets for return on equity in the investment banking business, Goldman ’s first Investor Day in the wake of a revamped operating structure placed special emphasis on the digital realm. Specifically, digital banking services, delivered to a broader consumer base through mobile means.

Digital Banking 136

Digital Banking Strategy Management Apple 136

PYMNTS

JULY 1, 2020

While disturbing, it presents an opportunity for FinTechs at a time when the market is ripe for banking disruption and digitization. In May, Citi said use of its digital banking channels surged in the first quarter of 2020 as the COVID-19 pandemic swept the globe. But the trade finance gap remains.

Marketing 232

Marketing Washington New York Fintech 232

PYMNTS

MAY 22, 2020

Citibank said last week that the use of its digital banking channels soared in the first quarter (and beyond), tied to a global phenomenon where untold numbers of individuals are working from home, and where lockdowns have rendered traditional financial services processes inoperable. They say, ‘This is new.

Operations 233

Operations Data Digital Banking Management 233

Chris Skinner

JULY 19, 2017

I just attended an EFMA conference where the opening presentation talked about the most innovative banks in the world. They may or may not be, you can decide, as I’m posting some of their stories here. These are the ones I quite liked, so it’s not exhaustive.

Innovation 298

Innovation Capital Conference Customer Experience 298

PYMNTS

JULY 1, 2019

Facial recognition has several banking applications, including allowing customers to log into their accounts by providing simple scans. Millions of smartphones are equipped to handle the technology, and verification via the method often takes mere seconds. Bad actors are already turning to new methods to circumvent these measures.

Customer Experience 187

Customer Experience Tools Fraud Security 187

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.

Big Data 270

Big Data Mobile Customer Experience Analytics 270

PYMNTS

NOVEMBER 13, 2020

In many ways, mobile banking’s rapid rise parallels that of banking-as-a-service (BaaS), which is enabling more financial institutions (FIs) to offer digital services with low implementation barriers to be competitive in what is a firmly digital-first environment at this point. The One-Stop Digital Banking Experience.

Payments 259

Payments User Experience Meeting System 259

Chris Skinner

FEBRUARY 22, 2017

I have other parts of my record available forever to certain organisations, such as my medial data records are accessible when needed by any registered doctor, but only if I am present with that doctor. This would cover any medical emergency requirements.

America 262

America Data Analysis System 262

Celent Banking

SEPTEMBER 12, 2014

The presentation used a simulation of how it might work to make a payment using the voice commands of the device. I found the experience to be much less intrusive or distracting as I expected, but the applications within banking were still too immature to be useful. Simply put, these devices are not yet worth the investment by banks.

Google 201

Google Video Strategy ATM 201

PYMNTS

NOVEMBER 29, 2017

According to the forthcoming digital bank-and-brokerage service combo’s co-founder and CEO, Stephane Lintner, the firm is launching a model that reimagines security in the digital age. In the future, Lintner hopes to bring his bank’s services to an arena he sees as a natural extension: cryptocurrency security.

Digital Banking 108

Digital Banking Trends Security Regulation 108

PYMNTS

OCTOBER 12, 2020

MENAP is home to 700 million individuals and 10 million SMEs, and its unorganized retail sector presents the perfect opportunity to increase the efficiency of [the] supply chain by utilizing technology and real-time data.".

Regional 249

Regional Retail Mobile Payments 249

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. Regulatory initiatives like PSD2 and open banking across Europe and the U.K. The future of corporate banking is bright, but for many FIs, it's also complex.

User Experience 264

User Experience Fintech Innovation Technology 264