Chris Skinner
APRIL 13, 2016
I just had a really interesting, off-the-record, discussion with a banker. Can’t give too much detail therefore, but here’s how the conversation went: “So, what’s it like working for MegaRetailBank?” “Shocking”, he said. “They are completely branch focused. Here’s an illustration. They launched a new retail bank subsidiary in a country in 2008.
Bank Innovation
APRIL 12, 2016
Yet another barrier to business in Iran appears to have fallen. Paymentwall, a San Francisco online payments company, announced today that it has integrated its payment services into the Shetab, which is Iran’s “unified, electronic clearance system for the entire Iranian banking operations that allows it to facilitate transactions from Read More.
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Accenture
APRIL 20, 2016
Bitcoin was designed as a peer-to-peer payment system for the internet. Its key breakthrough was to solve the double-spend problem, thus allowing a system to develop with no central authority, but still with immutable trust, security and integrity. The banking. Read more.
Payments Dive
APRIL 15, 2016
The companies will launch a mobile wallet for banked and unbanked consumers, offering services that range from mobile phone top-up to surcharge-free ATM access.
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
PYMNTS
APRIL 5, 2016
Uphold isn’t a bank, and it’s aiming to disrupt the traditional financial services industry. But traditional FIs are an essential partner for the firm. Last week, Uphold announced a partnership with India’s IDFC Bank, a move that allows Uphold’s business and consumer customers to conduct cross-border transactions to and from the home of the world’s fastest-growing economy.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Chris Skinner
APRIL 22, 2016
I remember being involved in a business process re-engineering project for an insurance firm some years ago. We looked at how the underwriting process worked on complex insurance risks and discovered that in the middle of the process, the documentation would move to the overseas desk.
Bank Innovation
APRIL 22, 2016
Starbucks proves, once again, that it owns mobile payments. The Seattle coffee giant now has 19 million active mobile app users in U.S. alone, Kevin Johnson, president and chief operating officer said, and mobile represented 24% of the total payments in 2Q. The company’s Mobile Order & Pay program, launched Read More.
Independent Banker
APRIL 28, 2016
In addition to spending time with family, Jimmy Rasmussen enjoys sporting activities, including fishing and deer hunting. Photo by Robert Seale. President and CEO for the $543 Million-Asset HomeTown Bank, N.A., in Galveston, Texas. IB: You were recently reelected to serve a second term on the Federal Reserve Bank of Dallas board of directors. Rasmussen: Yes, it is an honor to serve the Group 3 Banks in Texas, southern New Mexico and northern Louisiana for three more years.
Payments Dive
APRIL 21, 2016
Robert Capps, the vice president of business development at NuData Security, believes banks need to provide more responsive mobile experiences and do so by going beyond what he thinks are passive biometrics and behavioral analytics.
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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
PYMNTS
APRIL 15, 2016
Merchants have a lot going on these days. The EMV liability shift just hit the six-month mark , the force of mobile continues to strengthen, and industry players are shape-shifting their business models all while authenticating consumers just keeps getting more complex – and that’s the tip of the iceberg. As Merchant Link CIO Scott Carcillo pointed out during a recent sit down with MPD CEO Karen Webster to discuss what’s happening in the world of merchants and how they’re overcoming the challeng
Celent Banking
APRIL 20, 2016
Nobody likes being wrong. I’m no exception. Sometimes it’s not so much being wrong as much as being inaccurate. Here’s an example of where my best-effort estimates have been a bit off. Mobile RDC (mRDC) has been a fairly hot topic and a mobile banking capability that has gained rapid and widespread adoption among US banks. But how rapid and how widespread?
Chris Skinner
APRIL 25, 2016
I launched ValueWeb in Singapore yesterday and my friend Vladislav Solodkiy, Managing Partner at FinTech VC Fund Life.SREDA, hosted the evening. He was kind enough to share his speech with me, so I thought I’d copy it here and share with you. Enjoy! From BaaS and neobanks to FINTECH-BANK Fintech is currently undergoing a natural evolution stage.
Bank Innovation
APRIL 20, 2016
The most vulnerable point in a bank’s network today might just be Bill over in marketing — or any employee. Humans are by nature vulnerable to social engineering and may discuss where they work on social media — LinkedIn is a treasure trove for would-be bank hackers. A common attack against a Read More.
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Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.
Payments Source
APRIL 27, 2016
American Express is giving a limited number of Uber riders access to Beyoncé's Formation concert tour, in the latest example of a financial services company allying with the tech-savvy ridesharing service.
Payments Dive
APRIL 28, 2016
Mobile identity verification is a topic that the industry often overlooks, but Michael Hagen from Mitek shares some thoughts on why it's important for certain merchants.
PYMNTS
APRIL 1, 2016
Perhaps put in a litigious mood by the lawsuit recently filed against her and her sisters, Kourtney and Khloé, by Hillair Capital Management for the trio’s alleged failure to promote the “Kardashian Beauty” makeup line — and/or worried that she’ll need to bring in some extra money to pay for the $180 million in damages being sought therein — Kim Kardashian West has gone on the legal offensive in a completely unrelated manner.
Bobsguide
APRIL 12, 2016
The World Economic Forum (WEF)’s mission is to help improve the state of the world, working with political, business and other leaders in society to shape global, regional and industry agendas. Innovation around financial technology already opening up financial services to unserved.
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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
Chris Skinner
APRIL 26, 2016
After writing about whether we are creating faster horses when we think of applying open sourced technologies to banking, some more thoughts occurred to me: Are we applying Blockchain to clearing and settlement, rather than reimagining the whole trade cycle from liquidity structures to collateral management using open source platform structures?
Bank Innovation
APRIL 29, 2016
Why are fintech startups different from other tech startups? Many people would answer regulations, and that’s certainly part of the story. Banks want fintech to be regulated to level the playing field, and fintech companies want regulation to make working with banks easier. But at the Empire Startups Fintech Conference Read More.
Payments Source
APRIL 13, 2016
Just as startups can open new markets and take longstanding clients from incumbents, they may also rob traditional companies of much-needed diversity in their higher ranks.
Payments Dive
APRIL 19, 2016
Juniper said with a number of transport agencies enhancing app capabilities and integrating payment services such as Apple Pay, the past 12 months have witnessed an increase in mobile ticketing users using apps for payments, as well as ticket delivery and validation.
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.
Let's Talk Payments
APRIL 15, 2016
– Income from consumer credit card transactions is the most attractive segment for financial institutions in North America as they make 38% of their total income from this segment.
Bobsguide
APRIL 13, 2016
According to the WTO, the percentage of global GDP that was based on international trade (the trade-to-GDP ratio) peaked at 31% in 2008. This has been part of a sustained pattern of growth since 1995, when the percentage was around 20%. With the Great Recession, the trade-to-GDP ratio nosedived to.
Chris Skinner
APRIL 21, 2016
I regularly attend conferences where several themes crop up around disruption – that word we hate – disintermediation, and the end of banking as we know it. The problem is I’ve heard it for 30 years and it hasn’t happened … yet. Will it? Let’s have a look.
Bank Innovation
APRIL 11, 2016
A lot of people ask us how we define Fintech. The really short answer is “broadly” The slightly longer answer is “the reinvention of Financial Services through digitization“ This note gives a more complete answer and defines the different segments within Fintech. A big ocean with a lot of fish That is how we visualize the… Read more How we define & categorize Fintech.
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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