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. During this time everyone … The post Fintech 1, 2 and 3.0 … there’s an elephant in the room and it’s under attack appeared first on Chris Ski

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Bank Innovation

JUNE 27, 2016

Some of the shine seems to have come off fintech innovation in 2016. Startup valuations are dropping; once abundant venture capital is growing scarcer; marketplace lending has gotten bruised — even the self-proclaimed capital of fintech, London, faces an uncertain future with Brexit. But that doesn’t mean innovation is any less necessary.

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Payments Dive

JUNE 23, 2016

John Shapiro, the director of product management for payments for Intuit, discusses how the proliferation of technology and emergence of connected devices have created an opportunity for companies not previously associated with payments to expand their product offering.

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Payments Mobile Management Technology 256

Accenture

JUNE 30, 2016

The big data era is upon us. Financial enterprises are swimming in zettabytes—a billion terabytes—of data. The sheer volume can be overwhelming… unless you know how to use it. For financial services firms, big data can offer a path to. Read more.

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PYMNTS

JUNE 29, 2016

A lot of millennials are still living at home with their parents, but as more and more of them begin moving out in the coming years, they could have a significant impact on both the housing and rental markets. Many millennials – defined in the study as adults currently between 25 to 34 years old – are still living with their parents due to a series of economic factors, but as they start to age and move out on their own the number of millennial households is expected to swell by about 2 million n

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Millennials Study Trends Marketing 186

Chris Skinner

JUNE 21, 2016

I’ve written about Bitcoin and blockchain for half a decade, and now banks are all talking about it too. There is a belief that the blockchain technology that came from the Bitcoin structure could revolutionise banking. But there’s a problem, not with blockchain protocol, but with the hype and confusion that surrounds it. How will banks … The post 50 shades of blockchain … appeared first on Chris Skinner's blog.

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blockchain Bitcoin Technology 284

Bank Innovation

JUNE 23, 2016

1. 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.

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Payments Dive

JUNE 3, 2016

Oren Levy, CEO of Zooz, gives us an overview of what's going on with mobile payments and consumers worldwide.

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Mobile Payments US 238

Abrigo

JUNE 3, 2016

The Financial Accounting Standards Board’s (FASB) long-awaited final guidance on its new standard for measuring expected credit losses is expected to be released in June, a step that will be a major milestone in the multi-year development of the current expected credit loss (CECL) model. As Sageworks Chairman Brian Hamilton has noted, the timeline for implementation means that banks and credit unions shouldn’t panic or rush to make wholesale changes to their existing methodologies for the allowa

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Risk Management Analysis Examples Training 163

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Analysis

PYMNTS

JUNE 27, 2016

In the mood for a little role play today? Your head of product walks into your office with his end of quarter report for one of your flagship services. This service was positioned as a critical feature in driving demand for other products and services in the company’s portfolio. It’s been nearly two years – 20 months to be precise — since it was launched after significant investments in engineering, marketing and promotion.

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Apple Mobile Cards Payments 165

South State Correspondent

JUNE 15, 2016

The most successful commercial lenders possess many skills and understand the intricacies of legal, financial and sales concepts. To be successful in today’s competitive environment, the best lenders continue to find ways of improving their skill set. We observe that the most successful commercial lenders that we work with consistently demonstrate five important behaviors and traits.

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Chris Skinner

JUNE 27, 2016

The UK has had a long weekend considering the consequences of the Brexit. Chris Skinner has had a long weekend considering the consequences on London, the banking industry, Fintech and more … and I have to say that I’m quietly positive. I don’t think we’re going to see the meltdown the doomsayers are rumour mongering, … The post What does #Brexit mean for the City and #FinTech UK?

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Bank Innovation

JUNE 23, 2016

41. Brad Bennett, Senior Manager, Enterprise Services Engineering and Strategy, BB&T BB&T, a banking innovator? Yes, BB&T deserves mention with top innovation banks, and largely for one reason: Bradley Bennett. Bennett has been the executive at the bank that has most influence its wholesale bearhug of banking innovation. BB&T is now involved with Read More.

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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.

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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?

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Accenture

JUNE 17, 2016

We are in the middle of a major technology revolution—one that’s digital and disruptive. Digital is effecting every part of the economy. Accenture research forecasts that 25 percent of the global economy will be digital by 2020, possibly much higher. Read more.

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PYMNTS

JUNE 7, 2016

A new mobile app from identity theft protection company IDShield was released on Monday (June 6) and aims to help consumers by putting information and control in their hands when it comes to safeguarding against identity theft threats. IDShield said its all-new app will feature up-to-date and comprehensive identity monitoring information, as well as access to a private investigator if issues do arise for a user.

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Tools Mobile Company Report 156

South State Correspondent

JUNE 14, 2016

Last week, the Hutchins Center On Fiscal And Monetary Policy, part of the famous Brookings Institution, conducted a conference on the effectiveness of negative interest rates. The interactive workshop heard from, and reviewed, the execution and results of having a negative interest rate policy (NIRP) of five central banks. At present, there are 12 countries that have negative rates somewhere in their yield curve.

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Chris Skinner

JUNE 24, 2016

Well, like all of you, I wake up this morning to find that the UK has decided to tell Europe to fork off. You probably think I’m going to blog about what it all means and the implications for financial markets (I did that the other day and back in February). Apparently the vote is … The post FU EU #Brexit appeared first on Chris Skinner's blog.

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Marketing 282

Bank Innovation

JUNE 28, 2016

If you haven’t heard yet, bots are taking over financial services, and are bringing Facebook with them. A Danish neobank called Lunarway introduced its Facebook banking bot, Lunar Way Bot 1.0, yesterday. The chatbot responds to simple queries, for now, such as checking balance, or looking up how much you spent Read More.

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Innovation Technology Mobile 284

Payments Dive

JUNE 9, 2016

Marc Castrechini, vice president of product management at Cayan, discusses how the industry should be talking about multichannel instead.

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Industry Management 224

Accenture

JUNE 24, 2016

GO Digital businesses are well within the reach of banks—provided they make choices in terms of platforms and API architecture. Banks should consider becoming C2B businesses, meeting customer “real” needs developing a portfolio of new GO Digital businesses within the framework. Read more.

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Meeting 153

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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

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Abrigo

JUNE 23, 2016

As the OCC noted in its 2015 Survey of Credit Underwriting Practices , credit risk is increasing as underwriting standards have eased more than tightened for commercial and retail loan products for the third consecutive year amid increased competition for business. “Similar to pre-crisis surveys, the 2015 survey reflects that many banks are pursuing portfolio growth and yield by loosening underwriting standards,” the OCC said.

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South State Correspondent

JUNE 13, 2016

Community banks usually don’t adjust commercial loan pricing based on covenants, but that could be a mistake. Price adjusting covenants also called “performance pricing” adjust a loan’s interest rate based on borrower performance such as debt service coverage, loan-to-value, leverage or interest coverage. This structure could be symmetrical so that a loan is originated at a base price and then pricing is adjusted up or down based on historic performance.

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Chris Skinner

JUNE 21, 2016

I just discovered a really interesting legal view of the implications of the Brexit vote on the UK Financial Services sector. It was in a magazine by Mayer Brown, a law firm, written by legal eagles Alexandria Carr, Mark Compton, David R. Sahr and Guy Wilkes and, as the vote takes place tomorrow as to whether Britain will Brexit … The post What would Brexit mean for the UK financial services industry?

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Industry 262

Bank Innovation

JUNE 20, 2016

Banks spend a great deal of time, money, and energy building technology to compete with fintech companies, but the CEO of innovation software maker Spigit has a message: Don’t bother. Why is that? “You’re too late,” Spigit CEO Scott Raskin told Bank Innovation, referring to the banks.”By the time these companies reach Read More.

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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.

Community Bank