Payments Dive

JANUARY 22, 2019

Eight major trends will help define the landscape of mobile payments in 2019, according to Mark Flamme of AlixPartners.

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Trends Mobile Payments 419

Chris Skinner

JANUARY 8, 2019

There are many pundits predicting change in banking and FinTech this year. Here’s a review of a few of the ones that have some depth. American Banker published seven FinTech predictions for 2019 by Bob Legters, Chief Product Officer of Banking and Payments at FIS. The seven headlines are: We won’t … The post FinTech Forecasts for 2019 appeared first on Chris Skinner's blog.

Fintech 417

Fintech Payments 417

Bank Innovation

JANUARY 2, 2019

For quite a long time, traditional brick and mortar banks only had to worry about making money and being profitable. All that is changing due to emerging technologies. The banking industry is facing many unprecedented challenges due to the rise of financial technology companies. Industry-leading operators, as well as ambitious startups in the banking scene, […].

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Technology Financial Technology Operations Industry 282

PYMNTS

JANUARY 18, 2019

There is no shortage of headlines about the partial government shutdown that is now on its 27th day, and no shortage of articles speculating how long it will go on, what will be affected and (most often) what it will take to finally bring it to an end. There is, yet, one simple takeaway from all of them: So far, there is no end in sight. While that can — and hopefully will — change any day now, the reality is that the longer the government remains partially closed for business, the longer 800,00

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Groups

Payments Dive

JANUARY 4, 2019

What's holding the blockchain back? What can make it more secure? Panelists at Financial Services Data Security Summit, sponsored by Thales and Networld Media Group, shared thoughts on these issues.

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blockchain Security Groups Data 418

Chris Skinner

JANUARY 13, 2019

For years, I’ve been wondering why people in business operations couldn’t align their needs with the people delivering technology in the organisation. The CIO would sit outside the business, watching and responding to requests. The requests would get prioritisation and be delivered in sequence over time, sometimes a very long … The post The new FinTech bank appeared first on Chris Skinner's blog.

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Fintech Operations Technology Digital Banking 399

Payments Dive

JANUARY 31, 2019

Mobile point-of-sale systems are a growing consideration for retailers, but carry a number of concerns about fraud and secure payment.

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Fraud Mobile Retail System 391

Payments Dive

JANUARY 11, 2019

The banking industry is facing multiple challenges in the face of stiff competition from fintech startups and disruptive applications that provide direct access to loans, credit and other critical services.

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Mobile Fintech Payments Industry 382

Chris Skinner

JANUARY 6, 2019

Hello, hello and hello again. Welcome to 2019. A brand new, fresh, shiny year, and just out of the starting gate. Having said that, yes we are still talking Brexit and we still find a group of shady bankers knocking off billions. Same s**t, different day, as Stephen King would say. … The post Ten Top Trends for 2019 appeared first on Chris Skinner's blog.

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Analysis

Chris Skinner

JANUARY 20, 2019

Ever since I started working in business process re-engineering and transformation a while ago, before most millennials were born I should say, I learnt a lesson early on. Transformation will never work without a crisis point. You cannot make the whole company change if profits are good, objectives are being … The post Digital transformation needs a burning platform appeared first on Chris Skinner's blog.

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Millennials Company Digital Banking 378

Payments Dive

JANUARY 15, 2019

Automakers from Honda to GM and Hyundai see mobile payment technology as a key component in developing connected car technology.

Technology 374

Technology Payments Mobile 374

Chris Skinner

JANUARY 16, 2019

Another key factor of the digital banks I’m talking to is that the customer is their primary focus. Not the shareholder, the investor, the quarterly bonus, the dividend yield or the cost-income ratio. The customer. This is something I’ve found quite rare in most banks, as the retail customer is … The post Digital banks are led by clear customer-obsessed principles appeared first on Chris Skinner's blog.

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Digital Banking Retail 369

Chris Skinner

JANUARY 31, 2019

I got into one very interesting discussion with a digital banker. He was underscoring how important data is in banking, and referenced the fact that banking started with data. It started as a ledger system a thousand years ago so that pilgrims could travel to the Holy Land under the … The post Banks need to be technology giants appeared first on Chris Skinner's blog.

Technology 367

Technology Data System Digital Banking 367

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Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.

Lending

Chris Skinner

JANUARY 21, 2019

I’ve got lots more to write about digital transformation and the things I’m learning from banks engaged in doing it but, to give you a break, I also have a couple of fantastic guest submissions which are worth sharing. Today’s share is from Simon Taylor, he of the blockchain fame … The post Will blockchain replace core banking?

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blockchain 362

Chris Skinner

JANUARY 29, 2019

One of the issues I have with financial services is that it’s frightening. You might not think so, but I grew up in a world of cushioned money. I didn’t know much about money at all. The most I knew about money is begging for more pocket money. The Bank … The post Financial literacy is the scourge of our times appeared first on Chris Skinner's blog.

Innovation 350

Innovation 350

Chris Skinner

JANUARY 30, 2019

I often talk about changing core systems, and most people tell me I’m mad. It doesn’t have to happen. You can have an overlay of middleware to deal with it. You don’t need to change those old systems. It’s too risky and too costly. Blah, blah, blah, blah, blah. And … The post How to get rid of the legacy appeared first on Chris Skinner's blog.

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Payments Dive

JANUARY 24, 2019

The blockbuster merger of Fiserv and First Data could set of a series of industry consolidation, according to industry analysts.

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Operations

Payments Dive

JANUARY 11, 2019

3D Secure 2.0, a risk-based approach to authentication, can help issuers mitigate fraud and deliver a fast-lane, frictionless checkout experience to customers.

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Fraud Payments Security 323

Payments Dive

JANUARY 25, 2019

Consumers in the U.S. are still struggling to overcome psychological barriers to embracing mobile payments technology, according to research from two leading financial services experts.

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Mobile US Payments Technology 321

Chris Skinner

JANUARY 17, 2019

I found it interesting to hear that many of the banks focused upon digital are studying, visiting, talking to and hiring people from the Big Tech firms. People with experience at Netflix, Alibaba, Amazon and Tencent are in strong demand, especially those who can code. I always remember the comment … The post Digital banks look more like Big Tech and vice versa appeared first on Chris Skinner's blog.

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Digital Banking Study 321

Payments Dive

JANUARY 18, 2019

Fintech companies, mobile banks and others are granting waivers, extended payments and other services to help workers impacted by the government shutdown.

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Fintech Digital Banking Mobile Payments 305

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Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

Cards

Payments Dive

JANUARY 11, 2019

Host David Jones, discusses automating payment card data, and how it protects cardholders and merchants with Switch CEO, Chris Hopen.

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Cards Data Payments 300

Chris Skinner

JANUARY 22, 2019

In another guest post related to industry versus digital banking Marko Wenthin, co-founder of solarisBank, sent this insight into my discussion of FinTech banks last week. Organisational behaviour – synchronised swimming versus football teams I read the post of my friend Chris today about how a FinTech bank embraces IT rather … The post Synchronised swimming or football teams?

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Digital Banking Fintech Industry 292

Chris Skinner

JANUARY 9, 2019

There has been a lot of thinking and rethinking during 2018 about blockchain, cryptocurrencies, bitcoin and everything digital currency related. I wrote about the challenges getting blockchains implemented for example, and was surprised to find myself enduing up as a network meme. The power of the pundit, ay? Last year … The post Crypto Forecasts for 2019 appeared first on Chris Skinner's blog.

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blockchain Bitcoin cryptocurrency Examples 287

Payments Dive

JANUARY 14, 2019

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.

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Video Fintech Mobile Payments 287

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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