February, 2014

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ICBA “Going Postal”

Finer Points

'I’m all for outside-the-box thinking. Fresh ideas and brainstorming are as important in community banking as they are in any other business. But sometimes an idea comes along that is so bad—so half-baked and ill-considered—that it should be politely heard…and then squashed outright before it has a chance to gain any traction. In case you […].

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Bank Innovation Watch List

Bank Innovation

Welcome to the Bank Innovation Watch List! The Watch List monitors the fintech startups from around the world that could change financial services. Here you’ll find some of the freshest, most innovative fintech startups in the world today. Our global team of industry experts constantly hunts down the newest and most-disruptive technologies.

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EY's 8 Banking Customer Segments: Where's Your Focus?

Jeff For Banks

'EY recently released its 2014 Global Consumer Banking Survey. They surveyed more than 32,000 customers across 43 countries to evaluate 31 banking experience elements. As I read through it, I began to think how a community financial institution would turn what EY learned into action. They parsed global financial services into eight different segments.

Survey 95
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Mount Gox tumbles off the learning-curve

Money and Payments

'This week, Mount Gox, a very large provider of bitcoin services, couldn''t live up any more to its services agreements with bitcoin users. It provided exchange and storage services for bitcoins, but due to a technical implementation flaw, the bitcoin holdings of users were compromised. Essentially it wasn''t clear who really owned the bitcoins. The website went black and users can no longer claim their bitcoins.

Bitcoin 46
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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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Why Bitcoin is Lindsay Lohan, For Now.

Javelin Strategy & Research

It's been an "interesting" week to follow the fortunes of Bitcoin and Mt. Gox, with rumors abounding of the death of both the exchange and the fledgling currency itself. It certainly looks like the wheels have fallen off Mt. Gox, with today's announcement of filing for bankruptcy protection and $63.6 million of outstanding debt. But, the demise of Bitcoin itself is less certain.

Bitcoin 40

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Bank Innovation

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US 150
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Flawless Execution: Plan, Brief, Execute, Debrief

Jeff For Banks

'How do we connect our strategy to our vision? Can bankers identify, in high definition detail, the bank they want to become to remain relevant to their constituencies, and translate this future bank vision into action? Regular readers of Jeff For Banks know I recently read Flawless Execution by former Air Force pilot Jim "Murph" Murphy by my post about defining your High Definition Destination.

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Subscription Confirmation Page

Bank Innovation

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Bankers: Here's What I Do

Jeff For Banks

'Content marketing gurus tell us not to put sales pitches in your content. But I would like readers to know what I do in case they want greater context to blog posts, or are generally curious people, as I am. So here goes. What The Kafafian Group does, by Jeff Marsico We help financial institutions perform better. How? We manage and moderate the strategic planning process.

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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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Time for Shady Pines Retirement Home, Mag Stripe

Javelin Strategy & Research

Not surprisingly, the Javelin Research Team have had quite a lot of media requests since the start of the year relating to the Target data breach and why the US hadn't moved to this new fangled chip card technology called EMV (no, not a record label with a dog sticking it's head into a gramophone). I'm not going to get into the many, many conversations we had about whether the Target breach could have been prevented with EMV, or the relative benefits of chip and signature compared to chip and PI

US 40
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What Are the 3 Big Trends in Mobile Banking in 2014?

Javelin Strategy & Research

1) Mobile Banking Instant In 2014, the top new trend is “Mobile Banking Instant,” the streamlined delivery of information through the mobile app without requiring a log-in. By just showing up at the app, mobile banking customers can virtually peek through a keyhole to see just a limited amount of information without needing to unlock the door and open the app.

Trends 40
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MCX and Paydiant Mobile Wallet - and Capturing the Consumer

Javelin Strategy & Research

Today MCX (Merchant Customer Exchange) announced it would be adopting the Paydiant mobile wallet, a cloud-based, white label platform. MCX is a consortium of 70 prominent brands with 110,000 locations representing over $1 Trillion in annual payments volume and 700,000 loyalty cards.

Mobile 40
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MasterCard Purchase of C-Sam - Innovation by Smart Acquisition

Javelin Strategy & Research

At Mobile World Congress , MasterCard announced the acquisition of C-Sam. C-Sam’s current customers include Isis and Starhub , a carrier in Singapore.

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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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The bitlicense: current state of thinking in New York

Money and Payments

'A week ago, the New America Foundation organised a meeting (Cryptocurrencies, the new coin of the realm) on the topic of virtual currencies and regulation in New York. Some news bulletins picked up on the meeting and the future New York Bitlicense regime. The good thing is that the New America Foundation has streamed the whole event, so it allows me (and you) to listen first hand to the speech by Benjamin M.

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Capital One Ups the Punching Power of ClearXchange

Javelin Strategy & Research

Person to person (P2P) payments are quickly becoming a regular feature of today’s banking industry.

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