Bank Innovation
FEBRUARY 17, 2016
You might be using a blockchain to order detergent within the next few years. That’s because blockchains, or more properly, distributed ledgers, are likely to be used to authenticate users of IoT devices, according to Chris Skinner, author of the forthcoming book ValueWeb. Skinner told Bank Innovation today that he Read More.
Chris Skinner
FEBRUARY 16, 2016
There’s been a large number of white papers produced recently about Fintech and Blockchain, so I decided to collate the most notable ones here. All links are to file downloads and if I’ve missed any, please let me know.
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Payments Dive
FEBRUARY 23, 2016
The card network has outfitted the big game's venue, Levi's Stadium, with over 500 contactless-enabled point-of-sale terminals and 200 more across other Super Bowl-related venues in San Francisco and Santa Clara.
South State Correspondent
FEBRUARY 24, 2016
It is normal for stock markets to fluctuate, interest rates to vacillate, oil priced to decline and China’s economic growth forecasts to be adjusted (those numbers are mostly made up anyway). However, the recent behavior in the above mentioned markets is much more volatile than anything experienced over the last few years, and this turmoil is going to change lending and borrowing behavior.
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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.
Accenture
FEBRUARY 11, 2016
A shared services model can bring a variety of gains to banks and financial services firms. My previous post on this topic outlined some of the positive benefits to be derived from shared services. But shared services models are not. Read more.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
FEBRUARY 16, 2016
Silicon Valley is coming to banking? Nonsense. That happened long ago — just ask Silicon Valley Bank, a financial institution built to serve the world’s center of innovation. Few bankers can claim better knowledge of what the tech giants are up to. Startups, you say? SVB claims it banks a staggering two-thirds Read More.
Chris Skinner
FEBRUARY 18, 2016
I just had an interesting discussion with a banking colleague who has been investing in start-ups. He said that many of the firms begin with a belief that they will succeed because they are not a bank. A business strategy based upon attracting consumers by not being a bank, is not sustainable.
Payments Dive
FEBRUARY 23, 2016
Guest columnist Paul Underwood explains how going cashless in the U.K. would help banks, merchants and consumers.
South State Correspondent
FEBRUARY 22, 2016
A common narrative with community bankers is this view that their options are limited. A challenge is often presented with just two options – make the loan or lose the loan, agree to the customer demands or not or comply with the regulators or not. When viewed this way, bankers set themselves up for a sub-optimal outcome as they turn a tactical decision into a self-created conundrum.
Advertiser: ZoomInfo
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.
Accenture
FEBRUARY 2, 2016
We are living in the “Age of the Customer,” when technology and economic forces have put customers in control of their interactions with businesses. A recent study of nearly 400 global decision-makers — commissioned by Accenture and conducted by Forrester. Read more.
Abrigo
FEBRUARY 24, 2016
By Warren Sheydwasser With no shortage of tasks to complete during tax season, many financial professionals don’t need help expanding their to-do list. Given that it’s one of the few times during the year you will likely connect with all of your clients, some additional communication strategies can go a long way to promoting your services and expanding fee revenue.
Bank Innovation
FEBRUARY 24, 2016
Many applied, few were chosen. After a difficult deliberation, 10 early-stage fintech companies were selected by a team of judges to compete in this year’s DEMOvation Challenge, to take place in Seattle on March 1. The panel of judges — Scarlett Sieber of BBVA; Sam Maule of Carlisle & Gallagher; Ryan Falvey of the Center for Financial Services Innovation; Matt Wilcox of Fiserv; and Phil Ryan of Bank Innovation — will decide which company is worthy of the “Best in Show” DEMOvation crown at B
Chris Skinner
FEBRUARY 23, 2016
We had two Financial Services Club meetings on the same night this week: one in London where Chief Executive of the Payments Council Maurice Cleaves talked about the landscape future for UK payments markets; and one in Warsaw where Lukas Dzuroska presented the top ten trends tracked in research by EFMA over the past year.
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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.
Payments Dive
FEBRUARY 23, 2016
Mobile Payments Today spoke about this concept with payment technology providers at the recent National Retail Federation Big Show in New York City.
South State Correspondent
FEBRUARY 16, 2016
If there is one thing your bank needs to be successful it is not more technology, a more profitable loan product or new fee income services. What your bank needs is culture and specifically, the ability to adapt. While that sounds like a trite business book topic and can easily be dismissed as pabulum, it is critical to success and only a few banks have it.
Accenture
FEBRUARY 16, 2016
Following my previous blog about Big Data Analytics and Cyber-Security, this second post in my series on payments highlights banks and FinTech hubs as well as blockchain and cryptocurrencies that continue as important priorities for banks. Banks & FinTech Hubs Strong growth. Read more.
Abrigo
FEBRUARY 23, 2016
Financial institutions face a range of challenges arising from issues that are external to the bank or credit union, including: - Interest rate environment - Changing regulatory and accounting landscape - Competitive pressures, especially for commercial and industrial (C&I or MBL) loans. After several years of trying to mitigate the impact of low interest rates on net interest margins, financial institutions are determining how rising rates will impact growth strategy and profitability.
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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.
Bank Innovation
FEBRUARY 17, 2016
Google today relaunched its Google Ideas think tank as Jigsaw, a technology incubator, and the new venture has several projects aimed squarely at some of banking’s thorniest issues. Officially, Jigsaw’s “mission is to use technology to tackle the toughest geopolitical challenges.” But several of those “challenges” confound financial services.
Chris Skinner
FEBRUARY 15, 2016
I don’t get to use the word Kaleidoscope often, so finding this excellent Infographic that includes me and a few friends, gives me the chance to throw it into the blog for a change. After all, this Infographic provides a veritable Kaleidoscope of Fintech. As we all know, Fintech is everywhere.
Payments Dive
FEBRUARY 23, 2016
Kelly Passey, the EVP of business and product development at Access Development, believes providers still haven't given consumers a good reason to adopt mobile payments.
South State Correspondent
FEBRUARY 10, 2016
A bank produces a steady stream of marketing content – events, press releases, letters from the CEO, white papers, news stories and the alike. As content becomes increasingly important, banks can better leverage their marketing dollars and branding efforts by making sure content hits its market. Data from AOL Insights of over 7,300 content engagements clearly show when a customer interact with specific content.
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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
Accenture
FEBRUARY 10, 2016
Alternative lenders are not so alternative anymore. LendingClub Corp., which once appealed mostly to early adopters, has become a household name. Prosper Marketplace, Inc. has funded more than $5 billion in loans. Goldman Sachs reports that alternative lending could put. Read more.
Abrigo
FEBRUARY 20, 2016
Accountants and valuation professionals can spend less time at the computer screen and more time identifying revenue-based consulting opportunities, thanks to the recent integration of ProfitCents , Sageworks’ flagship financial analysis platform, and the Sageworks Valuation Solution with Intuit’s QuickBooks Online. The integration now allows financial professionals to upload client data directly to the Sageworks solutions from QuickBooks Online without any manual data entry.
Bank Innovation
FEBRUARY 23, 2016
When we think of cool, James Dean doesn’t immediately come to mind. The app Songsterr does. We are proud fintech nerds, and for five years we have marked the Coolest Brands in Banking on Bank Innovation based not on the type of sunglasses worn by a CEO, but on the Read More.
Chris Skinner
FEBRUARY 23, 2016
I spent a day working on a bank’s digital strategies the other day. It was a fascinating day and, as is the norm with some of these offsites, a scribe artiste was scribbling my ramblings on a chart. The summary I like so much that I thought it was worth sharing here.
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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