Bank Innovation
DECEMBER 14, 2017
EXCLUSIVE—Should banks acquire or partner with smaller, more agile fintechs? Well, that depends if the end goal of the bank is to further financial innovation, Derrick Walton, EVP of global financial networks for Hyperwallet, told Bank Innovation. “There’s a difference in culture, in what the goals tend to be,” Walton said, who is responsible for […].
Chris Skinner
DECEMBER 20, 2017
The other forecasting I made at start of year concerned the big FinTech trends of 2017. Again, I thought it might be of interest to revisit them. Removing friction from the customer journey I guess this is a given, and wasn’t a big trend of 2017 … just a big trend … The post The Top FinTech Trends of 2017 … were they? appeared first on Chris Skinner's blog.
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PYMNTS
DECEMBER 20, 2017
Passport, company that’s managing much of the technical aspects of how people pay to use public transportation resources in cities like London, Miami and Los Angeles, has just raised $43 million. The money, from Bain Capital Ventures, will go to help the company expand its payment and transaction services nationally and internationally. Read More.
Payments Dive
DECEMBER 8, 2017
The implementation of the new European payments legislation is imminent, affecting the payments industry like never before and bringing the future of banking back into the hands of its consumers.
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Insights on Business
DECEMBER 7, 2017
Two years ago I wrote an article on the 6 biggest trends in FinTech. Looking back, I’m happy to say that there has been significant progress in all the areas. A year after that, I wrote Everyone is Talking about APIs to discuss a trend that, at the time, was new to the industry. In a landscape where new technology arises, gets implemented and goes mainstream in a heartbeat, I wanted to cover five of the most impactful trends currently impacting the FinTech industry today: 1.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
DECEMBER 19, 2017
EXCLUSIVE — The year of 2017 has been marked with more than a few good and not-so-good trends: but we’ll stick to fintech. Aside from the important events like record-level funding for fintechs across the globe, cryptocurrency mania, Coinbase entering the Unicorn club at a $1.56B valuation in the last quarter, there have been some […].
Chris Skinner
DECEMBER 5, 2017
I’ve recently noted a number of reports about Open Banking, with many published recently due to its imminent arrival on January 13, 2018. Source: IBM As can be seen, we have several different groups working on Open Banking. There’s the Payment Services Directive 2 (PSD2) with Open APIs for payments, … The post The best research into Open Banking appeared first on Chris Skinner's blog.
PYMNTS
DECEMBER 20, 2017
“Half the money I spend on advertising is wasted; the trouble is, I don’t know which half.”. That’s a quote from department store maven John Wanamaker, illustrating a conundrum for retailers (and merchants in general): Namely, you’ve got to reach out to consumers if you are going to convince them to buy your wares. But reaching out involves time and money — both precious commodities.
Payments Dive
DECEMBER 5, 2017
The company officially became the latest big-box retailer to add an in-store, mobile-payment feature to its app in a move that also combines the company's digital coupon program into a single scan at checkout.
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Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment
Insights on Business
DECEMBER 21, 2017
Try to picture this scenario: you are in a foreign country, let’s say China, on a business trip. You don’t speak the language, don’t have any contacts, and are relying on a vanilla translation app on your phone to help you get out and about. Then, something unexpected happens: your passport gets stolen. You rush to the police station, try to communicate with the officers… and let’s just say it doesn’t go very well.
Payments Source
DECEMBER 28, 2017
EXCLUSIVE – Public blockchain platform Waves is launching a new blockchain venture product called Basics Fund to focus on investing in crypto-assets and pre-sale ICO tokens. The fund is dedicated to investment in blockchain infrastructure, specifically in a diversified portfolio of promising startup projects in the blockchain space. Aside from pre-sale ICOs and crypto-assets, the fund will […].
Bank Innovation
DECEMBER 19, 2017
When it comes to the innovations in finance that will impact the way future organizations are run, artificial intelligence and machine learning is likely to have a larger effect than bitcoin or cryptocurrency, a survey from investor communications company Mediant found. Released December 14, 30% of respondents for Mediant’s Trends in Fintech survey chose AI […].
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. Even … The post 91% of consumers have no idea what Open Banking is appeared first on Chris Skinner's blog.
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PYMNTS
DECEMBER 13, 2017
Online retailer eBay , following in the footsteps of Overstock.com, is contemplating allowing bitcoin as a payment method. In an interview with Yahoo Finance , Scott Cutler, SVP of eBay Americas, said the eCommerce retailer is “seriously considering” accepting bitcoin payments but noted the company is “not quite there yet.” He noted that eBay is currently focused on the holiday shopping season, which is turning out to be a strong one for online retailers. .
Payments Dive
DECEMBER 1, 2017
Jeremy Gumbley, the CTO at Creditcall, believes this category of merchants are the ideal candidates for turning a regular mobile phone into a payment device.
Insights on Business
DECEMBER 27, 2017
As we wrap up an unpredictable and sometimes tumultuous year in both the fintech industry and the world, we’re looking back at the last 12 months of IBM FinTech blogs to pick out some of the more popular and insightful posts of 2017. While we have separately covered what we think will be the main trends in FinTech for 2018, here’s a selection our more popular posts from 2017.
Bobsguide
DECEMBER 6, 2017
A year after Spiros Margaris last spoke to bobsguide, we invited him back to see whether his predictions for 2017 had come true. We also talked about whether ageism is an issue in fintech and what exactly is needed to make a successful startup, as well as which ingredients make the best.
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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
Bank Innovation
DECEMBER 26, 2017
EXCLUSIVE— Fintech is continuing to grow, as more startups across payments, insurance, blockchain, and other areas carve out niches for themselves in the financial ecosystem. And with more funding and more innovations come more players. Here are three that Bank Innovation will be keeping a watch on next month: Chip At this point, the United […].
Chris Skinner
DECEMBER 10, 2017
Another presentation that was enlightening was delivered by Jean Claude Gaga, CEO of RSwitch Ltd, the national e-payment switch of Rwanda. Jean Claude gave an overview of how Rwanda is moving towards a cashless economy and I was particularly interested as I chair Dot Finance in Kigali each year, and … The post Rwanda: Africa’s first cashless economy?
PYMNTS
DECEMBER 5, 2017
And now, the rise of the machines — or, at least, machine learning. This movement has been a long time coming, as artificial intelligence (AI) is moving ever-farther into real-world business applications where once it was too expensive (or too conceptual) to embrace. Through improving technology and decreasing costs, AI and Big Data are now combining to help firms in the financial sector prevent payments fraud.
Payments Dive
DECEMBER 14, 2017
These areas present great opportunities, but also significant challenges.
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.
Insights on Business
DECEMBER 10, 2017
Things seemed different at Sibos this year. The dominant story is that fintech startups and banks are better off as friends than foes. Fintech, once seen as a disruptor, is now becoming a mainstream and also a collaborating partner. Taking advantage of each other’s strengths is leading to strong value and profit. Consumers have been conditioned by Google and Apple to see that banking services can be much more accessible and convenient from a mobile device.
Payments Source
DECEMBER 5, 2017
Innovative companies are working on ways to instantaneously convert cryptocurrency into the currency accepted by the merchant, writes Vladimir Gorbunov, COO and Co-Founder of Crypterium.
Bank Innovation
DECEMBER 6, 2017
INV Fintech, the sister accelerator to this site, announced its fourth class of startups today. The six companies were chosen from among a wide array of applications from across the globe. Here are the five companies of Class 4 of INV Fintech: Bloxable: Bloxable provides decentralized solutions for lending origination and the securitization of mortgages […].
Chris Skinner
DECEMBER 17, 2017
I had a realisation the other day: banks are brilliant. Everyone says they hate banks, but I love them. In fact, I think most people secretly love their bank. They just don’t like to admit it. After all, when did you last change your bank? Not open another bank account, … The post Change my bank? Not on your nelly! appeared first on Chris Skinner's blog.
Speaker: Gary Dmitriev
Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.
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