May, 2016

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This Guy Just Implanted a Payments Chip in His Hand, Literally [VIDEO]

Bank Innovation

Your next wallet may be your hand. Unless you’ve been on a Buzzfeed-less streak in the past few days, you’ve probably heard of a Buzzfeed news reporter’s mission to spend a month without a wallet — a journey that led him to implant an NFC-enabled chip inside his own hand. Tech reporter Charlie Warzel Read More.

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For all the talk about blockchain, what is really happening?

Chris Skinner

There is a lot of talk about blockchain. A lot. Loads. But when you get past all the talk, what is actually happening with blockchain? Answer: not enough. I say this because there are some stand out firms out there – like R3, Digital Asset Holdings, Ripple – who have gained traction with the banks, … The post For all the talk about blockchain, what is really happening?

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Airlines should pursue partnerships with payments innovators

Payments Dive

Kristian Gjerding, CEO of CellPoint Mobile, wrote a recent blog post about how airlines are missing out on potential revenue opportunities by not partnering with the likes Apple and Google.

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Ethereum – A Blockchain for Banks? A Challenger to Bitcoin?

Accenture

At Sibos 2014, in Boston, I found myself at the Innotribe forum watching a presentation from Vitalik Buterin, one of the founders of the Ethereum blockchain who had the original idea and vision. He was then only 20 years old, Read more.

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Back to Basics with Reconciliations

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.

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6 Hot Cybersecurity Fintechs

Bobsguide

Over 65% of British businesses have been pinpointed by hackers in the past year, and the cyber security industry is undergoing extensive change as officials are feeling increasingly threatened by the rapid rate and scale of attacks. We take a look at the best cybersecurity fintechs out there and how.

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More Trending

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Deloitte Taps Blockchain Startups to Build New Core Banking System

Bank Innovation

The accounting giant Deloitte partnered with five blockchain startups to build a new core banking system, and offer blockchain solutions to companies worldwide, the company announced this morning. The partnership with startups BlockCypher, Bloq, ConsenSys Enterprise, Loyyal, and Stellar is yet another effort for Deloitte to push the blockchain technology into real-world Read More.

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The future of banking, money and finance [Presentation]

Chris Skinner

I’ve been presenting a summary of Digital Bank and ValueWeb for a few months now. It is the story of the origins of moneykind and, as many have now heard the story, I thought it’s about time to share this on the blog. If you have half an hour free, then you can watch the presentation. It’s been filmed … The post The future of banking, money and finance [Presentation] appeared first on Chris Skinner's blog.

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Rebounding from the Downturn

Independent Banker

Community First Bank & Trust. Columbia, Tenn. ROAA in 2015: 3.63 percent. ROAE in 2015: 37.96 percent. Assets: $467 million. Retail locations: Eight. Employees: 109. Founded: 1998. Website: www.cfbk.com. By Jon Thompson. Community First Bank & Trust had an extraordinary 2015. It was the culmination of efforts over the past four years to recover from the impacts of the downturn in the economy that began in 2008.

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Dept. of Education announces student loan credit reporting and servicing initiatives

CFPB Monitor

John L. Culhane, Jr. Last week, the CFPB announced that it had issued a Request for Information seeking comment on a set of prototype disclosures (the “Payback Playbook”) to assist federal student loan borrowers in selecting between alternative repayment plans. The CFPB’s announcement was accompanied by an announcement by the Department of Education of two new student loan-related initiatives, one directed at credit reports and the other directed at servicing.

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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

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

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Looking to DNS to protect against DDoS attacks

Bobsguide

Almost half of firms operating in the sector (46%) ranked cyber security as the top systemic risk to the economy, with more than 70% of banking CEOs identifying poor cyber security as a threat to growth – making cyber security as much a boardroom issue as it is a technical issue. And.

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How to Combat the Post-EMV Chargeback Wave

Payments Source

Six months after the credit card fraud liability shift, merchants who have not implemented chip card technology are complaining about a larger number of chargebacks than they expected. But there are steps that can stem the tide.

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Investing, Authentication, and a Few Bots Take the Stage at Finovate

Bank Innovation

SAN JOSE, Calif. — Thirty-nine companies demoed their products to the crowd at Finovate Spring today. Not all were startups (IBM) and not all were really fintech (Quid). All of them did their best to impress a passionate crowd of 1,500+ fintech fanatics. Here’s our take on the demos from Read More.

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The African Mobile Revolution, Part One

Chris Skinner

Last week I chaired the inaugural Dot Finance Live conference in Nairobi, Kenya. It is Africa’s premier FinTech event, drawing people from all over the countries of sub-Sahara Africa.

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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

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.

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Hackers Are Challenging Banks Every Day

Cisco

$81 million is what was stolen, undetected, out of a Bangladesh Bank account at the Federal Reserve Bank of New York. Unbelievable how the malware modified the SWIFT software and bypassed validity checks. This Bangladesh Bank breach highlights the wide range and new, creative ways hackers are innovating. And the challenges in protecting the financial […].

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A List of Mobile-Only Banks

Let's Talk Payments

Here’s a list of mobile-only banks that are defining the industry today: The UK Atom Bank: Atom is a startup bank. It has been authorized with restrictions by the Prudential.

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The Future of B2B Payments

Bobsguide

The payments space is exploding in the European market, especially as we are beginning to see an increasing number of payments players from other continents entering the most dynamic area for fintech at the moment. bobsguide spoke to Chen Amit, CEO of payment automation platform Tipalti about the.

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EMV Cards Aren't Winning Over Young Consumers

Payments Source

Older consumers like chip cards better than young people, mostly based on a generational divide over security and speed rather than a predisposition to adopt new technology.

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Is Your Current Card Platform Holding You Back?

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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What will be the killer app for mobile wallets?

Bank Innovation

If you are introducing a new platform, you need a “killer app.” These are applications so useful that people need the platform so they can have access to the app. VisiCalc and Lotus 1-2-3 were some of the first killer apps. All of a sudden, managers needed PCs so they Read More.

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20% of Europeans would bank with Google, Facebook or Amazon

Chris Skinner

I got an interesting research report this week about consumer attitudes towards banks in Europe: More than a third of European consumers would move bank if they didn’t offer up-to-date technology to aid interaction Nearly a third are already embracing mobile payments, while a fifth are already using wearables and crypto-currency to pay Almost a …

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Fintech isn’t about disruption – it’s renovation

BankNXT

Banking renovation is a more apt way to describe how digital banking has, and is being, transformed by fintech. Story by Roberto Ferrari. Fintech isn’t about disruption – it’s renovation on BankNXT.

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Why Asia Will Dominate the World of Financial Technology

Let's Talk Payments

If there is one region to lead the world into the next generation of financial technology innovation, it is Asia. Despite common belief spread by media coverage that the western.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

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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What fintech startups can expect from Londonâ??s new mayor

Bobsguide

There’s no doubt that the swelling success of London’s fintech ecosystem has helped put the capital’s tech scene on the global map. From early outriders like Zopa, which was the first peer-to-peer lending platform in the world and the billion-dollar businesses like TransferWise and.

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Toyota FS Wins InformationWeek “Best in Analytics” Award

FICO

"Analytics is all about making decisions. Focus on what decisions you have to make and what actions you have to take rather than starting with data or systems.". That’s what Jim Bander, national manager of decision science at Toyota Financial Services, told InformationWeek. And he knows what he’s talking about — Toyota FS just won the InformationWeek Elite 100 award for Best in Analytics for their work on optimization that keeps customers in their cars.

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Loyyal Launches Blockchain-Based Tourism Program

Bank Innovation

Loyyal – blockchain-based loyalty and rewards platform – has partnered with Dubai Future Foundation to create “world’s first” tourism incentives program powered by blockchain and smart contract technology, the company announced yesterday. Partnering with several global companies, such as Digitus and SquareCircle, Loyyal allows tourists to collect reward points based on Read More.

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Principles of The Reimagined Bank

Chris Skinner

So there are some clear lessons we can learn as base foundation principles when reimagining banking for the 21st century: Everything is peer-to-peer networked It’s all in real-time globally Commerce is not just person-to-person but more machine-to-machine We are looking at the exchange of value between machines and individuals, not just money Transactions are the …

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Breaking New Ground: Managing Innovation Fatigue With Effective Automation

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.