January, 2017

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5 Banking Tech Trends for 2017

Chris Skinner

I kept Tuesday’s blog entry short because I knew that everyone was making predictions and writing much more in-depth pieces. Today’s guest blog entry is from Finanser friend David Horton. David wrote a great piece on LinkedIn over the holidays providing his five banking technology predictions for 2017 and has kindly allowed me to replicate it here. … The post 5 Banking Tech Trends for 2017 appeared first on Chris Skinner's blog.

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6 Hottest Trends for Banking 2017

Bank Innovation

Change is imminent in banking, and as we begin the new year the only debate seems to be what is going to be driving that change. Over the course of 2017, what is going to transform banking the most? Well, we have some ideas. 1. IOT Voice Commerce/Voice Payments Smart Read More.

Trends 302
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Mobile payments and kiosks: The perfect match?

Payments Dive

Smartphones are driving an e-commerce revolution. While mobile payments can adversely affect the need for kiosks in some situations, most industry observers see mobile payments as another payment option that kiosk operators need to consider to meet consumer buying habits.

Mobile 258
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Bank boards: embrace the beauty of open, API-enabled digital payments

Accenture

There’s a story about a man who took great pride in his perfect lawn. He was traumatized one morning when he awoke to find it ruined by a large crop of dandelions. He tried every method he knew to get. Read more.

Payments 241
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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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Blockchain Starts 2017 With A Bang

PYMNTS

Whether you believe the hype or not, blockchain technology is attracting massive investments, exploration and competition across the globe. In the last week alone, top players in the distributed ledger space have made progress in their own initiatives, from membership growth within blockchain consortia to the pursuit of distributed ledger-related patents by top banks.

More Trending

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The biggest innovations in retail banking (research)

Chris Skinner

OK, OK, OK, I promise to stop posting predictions and trends and blah, blah, blah, but this one has an interesting provenance and history. Last year, one of my most read blog entries was this one: The top ten trends in banking innovation (February 2016). This was a summary of the top trends in banking innovation, and … The post The biggest innovations in retail banking (research) appeared first on Chris Skinner's blog.

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Millennials Are Ready for the Bank of Amazon

Bank Innovation

Amazon wins, once again, at a game it didn’t even know it was playing. According to a Jan. 11 survey from Accenture, millennial participants would consider parking their money with nontraditional institutions, and they picked winners. Attractive alt-banking contestants included Apple and Facebook, but it was Google, and of course, Amazon, Read More.

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Will rewards finally push mobile payments past the tipping point?

Payments Dive

One of the more interesting discussions during the Digital Money Forum Wednesday at the annual Consumer Electronics Show revolved around consumer take-up of mobile payments technologies.

Mobile 301
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Ant Financial buying MoneyGram in first big U.S. move

Payments Source

Ant Financial, the company that operates Alipay, is buying MoneyGram for $880 million, its boldest move yet in a series of partnerships and investments that signal an international ambition.

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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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The Wonder Of Wegmans

PYMNTS

Supermarkets aren’t generally the sorts of things that generate massive, dedicated fan bases. Certainly most shopper have a preferred grocery store (or at least one they tend to frequent more often than others) — but in general, it is not something most people talk all that often about since on the whole shopping for groceries doesn’t register all that highly on the excitement meter.

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HSBC Global Head of Trade: â??Blockchain technology could revolutionise tradeâ??

Bobsguide

Seven of the world’s leading global banks, HSBC, Deutsche Bank, KBC, Natixis, Rabobank, Société Générale and UniCredit this week announced an agreement in principle to develop a shared blockchain platform with the intention of making cross-border commerce a more.

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Bank regulations change every 12 minutes

Chris Skinner

I recently spent a day in a meeting discussing Governance, Risk and Compliance (GRC) … yawn. Well, it is a bit of a dull area, but highly important. In fact, what gets me is that regulations are the big ticket barrier to change in banking. It’s what protects the banks from disruption and change, as … The post Bank regulations change every 12 minutes appeared first on Chris Skinner's blog.

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How Do We Ensure Transparent and Trustworthy AI in Fintech?

Bank Innovation

AI systems may be getting smarter with the ever-expanding flow of data, but are they also getting more ethical? When it comes to fintech, artificial intelligence has a seemingly endless range of possibilities to transform present systems, so long as the AI system that is applied is constructed with the correct values Read More.

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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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Will mobile payments give way to wearables?

Payments Dive

Kirsty Tull, from BillPro.com, examines the link between mobile payments and wearables and whether the latter will become mainstream any time soon.

Mobile 262
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Southeast Acquirers Annual Conference

Payments Source

Southeast Acquirers Association is a not-for-profit, non-membership, independent association for all acquiring bankcard professionals. Founded in 2000, the SEAA was established to fulfill the education needs of the ISO and MSP community, providing economical access to the payment processing industry’s latest trends and regulatory changes. The mission of the SEAA is to provide a regional opportunity for training, education, and networking for the acquiring community.

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The One Industry That Stands To Gain The Most From Blockchain?

PYMNTS

This year could be the year that blockchain emerges from its current status as a largely hypothetical game-changer to one that’s put to the test. While few working applications of blockchain technology are in use today by financial service providers, the industry continues to place its confidence — and money — behind the technology. The latest is global consulting firm McKinsey, whose new report has put a price tag on the potential of blockchain: $110 billion.

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PSD2 on the horizon: Three impacts on international payments in 2017

Bobsguide

The revised Directive on Payment Services (PSD2) doesn't actually come into effect until 1st January 2018, but I'm sure that the preparations for this momentous change are sure to be the big story of 2017.

Payments 101
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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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11 FinTech trends you need to follow

Chris Skinner

The first few weeks of 2017 bombarded us with articles predicting the future of fintech and financial services. I’ve now analysed them all and identified the top 11 trends that the leading banking and FinTech experts agree we should be following now. Here’s the trend breakdown: Removing friction from the customer journey Rise of insurtech Rise of regtech … The post 11 FinTech trends you need to follow appeared first on Chris Skinner's blog.

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Chase and Intuit Launch API for Secure Customer Data Sharing

Bank Innovation

Chase and Intuit may have just solved the main issues with account aggregators. The companies signed an agreement this morning, giving customers the option to authorize Chase to electronically share financial data securely with Intuit’s financial management applications, such as Mint, TurboTax Online and QuickBooks Online. Banks, and Chase in Read More.

Security 272
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Are Bankers At the Intersection of These Three Traits?

Jeff For Banks

Jeff Weiner , CEO of LinkedIn, penned a post titled The Three Qualities of People I Most Enjoy Working With that was based on a Venn diagram (see below) he had previously posted. The diagram had 20k+ likes and comments on LinkedIn, and 2.2k retweets and favorites on Twitter. Does any bank culture produce these qualities? Does yours? There are headwinds.

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The 'Uberization' of payments pressures security and e-channel strategies

Payments Source

Uber and other digital commerce plays are drawing attention to online fraud and innovation. Payment companies and merchants will need to adjust to meet the pace of change in the year ahead.

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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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Tech Center: Dubai Takes A Front Row Seat To FinTech Growth

PYMNTS

Dubai’s startup and tech scene has come a long way in the past three decades — the city is now a major business center in the Middle East, attracting investors and entrepreneurs from around the world. In this week’s Tech Center tracker, we take a look at how Dubai is giving FinTech hubs around the world a run for their money. Before we jump into the post, here are a few quick facts about Dubai and its tech scene: Dubai has an estimated population of 2,701,977.

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Five fintech trends for 2017

Bobsguide

1. The unstoppable rise of AI. Tech companies with artificial intelligence innovations are set to increase in 2016. AI will provide business users with access to powerful insights before they are available to them.

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Top 10 Retail Banking Trends for 2017

Chris Skinner

I kept yesterday’s blog entry short because I knew that today’s was long, and it’s a guest blog entry from my good friend Jim Marous. Jim produces a great report each year, curating the thoughts of 100 industry leaders including myself, on what is going to happen in the year ahead. Summarizing this year’s report, … The post Top 10 Retail Banking Trends for 2017 appeared first on Chris Skinner's blog.

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We’re Finally Using Our Phones More for Finance (and Less for Gaming)

Bank Innovation

According to mobile analytics firm Flurry, overall mobile app usage grew 11% year-over-year, with the time spent on mobile business and finance apps growing 43%. Gaming apps, meanwhile, experienced a decline in usage—strange for the year that spawned the goliath Pokémon Go—with time-spent down by 4%. According to the data, Read More.

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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.