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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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.

Fintech 353
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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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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.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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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.

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More Trending

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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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Clarity Money Has 10,000 Customers Two Days After Launch

Bank Innovation

Two days, 10,000 customers, and a steady trickle of five-star reviews later, and the launch of mobile finance management app Clarity Money appears to have had a good start toward its goal of giving consumers with more power over their financials. “There’s nothing like it on the market, and that’s Read More.

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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.

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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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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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Exploring the “money mindsets”: Explorers are keeping the future open

Accenture

We have been looking at the results of ground-breaking new research from Accenture and Fjord on the subject of Money Mindsets. These are the four new financial behavioral segments with which bankers should become acquainted if they want their product. Read more.

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Help business clients use technology to improve cash flow

Abrigo

As anyone advising business owners knows, clients are often so busy with day-to-day operations and management that they find it tough to gain a big-picture view of certain financial aspects, such as cash flow. That’s one way the advisor adds true value to the relationship: By helping the business owner see the forest in spite of the trees and by showing the owner what’s possible with a few minor changes.

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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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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.

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The Role of Automation in Commercial Lending

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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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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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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FinTech 2017: new year, new technologies, new disruption

Accenture

The start of a new year is rich in possibilities. And for FinTech, there’s no question that 2017 will be a fascinating journey. The pace of innovation remains frenetic, with new initiatives in RegTech and InsurTech, to solutions addressing payments, Read more.

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Help clients boost enterprise value by building collaborative decision-making

Abrigo

By Rich Greene, CEO - Director, Clarus Advisors How a company interacts internally to overcome obstacles is a key to building and expanding the enterprise value of the organization. Is there an inclusive process to review, anticipate and plan for changes and disruptions in the business and marketplace? Or a process to evaluate results? Is the process defined and routine, or ad hoc?

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Outsource With Confidence for RDC Program Success

Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.

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The best FinTech podcasts out there and 10 FinTech trends for 2017

Chris Skinner

Anna Jacobson recently wrote a nice update, highlighting the best FinTech podcasts out there, including: Brett King’s Breaking Banks podcast looks at the ‘best of the best’ in the emerging FinTech sector and documents how the loss of trust, rapid consumer behavior shifts, massive technological changes, and increasing government scrutiny are disrupting the banking industry.

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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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Samsung: King of the IoT?

Payments Dive

The company said that the IoT will guide its overall strategy going forward. Samsung Pay will play a small role in that transition.

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KPMG Touts The Progress Procurement Has Made

PYMNTS

As the old joke goes, for corporate professionals, the procurement department is where you go to retire. Indeed, said KPMG ‘s Procurement and Operations in the Americas Practice Leader Samir Khushalani, historically, procurement has been viewed within the organization as a cost center that deals with straightforward transactions. And while technology progressed, with solutions providers developing company-wide infrastructure for businesses to manage all aspects of procurement, Khushalani

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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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Stop pushing the rock up the hill: digital payments and the reinvention of loyalty and rewards

Accenture

In Greek mythology Sisyphus could never get the rock to the top of the hill, regardless of how hard he tried. Many payments providers can identify with that fruitless labor when it comes to their loyalty and rewards programs. For. Read more.

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Building a Better Small Business Borrowing Experience

Abrigo

Small businesses are an important market for growth-oriented banks and credit unions. The good news for financial institutions that see SMB lending as a crucial part of their loan portfolio growth strategy is that small businesses are in need of capital. In a recent Sageworks webinar , Steven Martin, vice president at Sageworks, cited cash flow as the top concern of small business owners.

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10 predictions for 2017

Chris Skinner

There are lots of predictions being made for 2017. After all, it’s that time of year. So, having reviewed whether mine were right or wrong at the end of 2016, my first blog for 2017 is to make 10 predictions for 2017. Rather than making this a long and detailed blog update, it’s just 10 … The post 10 predictions for 2017 appeared first on Chris Skinner's blog.

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Four Fintechs Eyeing IPO in 2017

Bank Innovation

The fintech world has been going through a sort of an IPO freeze recently. The headwinds created by certain fintechs this year (looking at you, LendingClub) didn’t help much either. Venture capital funding continued to fall in the third quarter, according to data from KPMG Enterprise and CB Insights. Global financing Read More.

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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.