November, 2017

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FIS Opens Its API Portal and Invites Banks & Fintechs to Come Play

Bank Innovation

EXCLUSIVE— Financial services technology provider FIS will use its new API portal to help banks and fintechs alike develop new capabilities, partnerships, and innovations, Rob Lee, chief product officer for FIS, told Bank Innovation. “There’s a variety of services available [on the platform]—mobile banking, customer acquisition services, we tried to hit on a wide spectrum […].

Fintech 368
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Introducing Exscudo

Chris Skinner

I’m involved in quite a lot of start-ups, ICOs and funds these days, and recently started a mini-series of interviews with them, as I think it will be of interest to readers of my blog. In the second of this series, I’m interviewing Andrew Zimine, CEO and founder of Exscudo. Hi … The post Introducing Exscudo appeared first on Chris Skinner's blog.

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Security experts: Exposed data increases cyber risks

Payments Dive

Cybercrime presents a serious threat and companies have a lot of work to do to reduce their vulnerability. Fortunately, there are resources available to assist them in the effort.

Security 246
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UPS Hits Retailers With Holiday Shipping Fee Surprise

PYMNTS

With the holiday shopping season in full swing, retailers are facing a new challenge: extra shipping fees during the busiest weeks. The Wall Street Journal reports that United Parcel Service (UPS) is adding on a surcharge to packages shipped to homes around Black Friday and the week before Christmas in a move to compel retailers to send their orders outside those peak periods.

Retail 217
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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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Can fintech deliver the personal touch in banking?

Bobsguide

Humans are social creatures. We crave interaction and attention. We like to be treated as individuals and not as “a number” For example, you feel better when you are recognised at your favorite restaurant or when you are addressed by your name when flying on a plane or when a hotel.

Fintech 163

More Trending

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4 Startups to Watch: Templum, AppZen, NKM Capital, and More

Bank Innovation

EXCLUSIVE- With mobile banking, artificial intelligence, cryptocurrency, and other modern banking tools on the rise, the emergence of new players in the fintech space is a daily occurrence With that in mind, here are five startups to keep an eye on this week: Templum ICOs, or Initial Coin Offerings, are growing more and more popular […].

Capital 356
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Will Sweden be the first cashless country?

Chris Skinner

As Sweden was the first European country to use cash for payments back in 1661 [link] it’s unsurprising that it’s the first European country that wants to be cashless. This is why, for several years, I’ve been watching the regular speeches by Lars Nyberg, Deputy Governor of the Sweden’s central … The post Will Sweden be the first cashless country?

Payments 306
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Black Friday: Mobile payments sputter at the physical POS

Payments Dive

Despite the less-than-stellar numbers for in-store, proximity-based mobile payments, Cyber Monday set a record for mobile-based remote payments.

Mobile 279
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Building A Faster, Safer Network On The Blockchain

PYMNTS

When it comes to business, it’s no secret the competition is fierce. But in an increasingly interconnected world, even competing companies need to collaborate. Rival banks and financial institutions (FIs) need to work together to serve customers and transfer money between banks. Car dealers need parts from competing suppliers and manufacturers to keep repair shops and vehicles running without a hitch.

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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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How open banking and APIs are changing Mastercard's business strategy

Bobsguide

This interview was originally published on our sister website PaymentEye. James Anderson is Executive Vice President of Digital Payment Products at Mastercard. Based in New York, he leads his multi-national team to redefine the way the business examines the emerging payments.

Strategy 155
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Latin America's showing the world the benefits of e-invoicing

Payments Source

It may seem weird or even risky at first, but e-invoicing not only reduces tax fraud, but also makes life easier for small businesses, writes Diego Caicedo, CEO of Portal Finance.

America 126
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Banks Should Take Advantage of API Opportunities Before They’re Gone, FI.SPAN Says

Bank Innovation

EXCLUSIVE—Banks need to start integrating with more fintech services and building out more products through APIs, FI.SPAN CEO Lisa Shields told Bank Innovation, before regulations on open banking start to cramp what FIs can build. “What we are betting our business on, is that there is a massive opportunity for banks to innovate,” Shields said. […].

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Does digital transformation actually matter?

Chris Skinner

I regularly talk about BBVA (Spain) and DBS (Singapore) as banks that are doing the right things for digital transformation. They both started early, have a leadership team who are committed and have been driving down this road with results. Results in terms of awards and recognition within the technology … The post Does digital transformation actually matter?

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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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Merchants can beat the Black Friday blues with faster payments, safer data

Payments Dive

While this period brings great opportunity for retailers, it also creates considerable challenges. Retailers must respond to evolving behaviors and manage huge increases in footfall, but still deliver the exceptional in-store experience consumers demand.

Data 244
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Real-Time Payments Successfully Gets Through Its First Test Drive

PYMNTS

The U.S.’s first new payment and clearing system in more than 40 years is up and running. At 4:59:40 p.m. on Monday, $3.50 was moved between accounts at two different banks (there was only one customer with two bank accounts) via RTP, the name for a new “Real-Time Payments” system set up by The Clearing House. All in all, the transfer took three seconds — as opposed to the hours or days more typically associated with an ACH transfer.

Payments 193
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The influencer interview: Chris Gledhill cuts through the hype around AI, blockchain and Big Data

Bobsguide

Chris Gledhill, CEO of Secco Aura and frequently referenced as one of the top 10 fintech influencers, speaks to bobsguide about going beyond 'incremental innovation' towards genuine, irreversible disruption. How did you get into banking? I started off on the tech side with a.

Big Data 149
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Reviving Personalized Banking with Transaction Data

Insights on Business

Digital transformation is one of the biggest shifts in core banking fundamentals in the past few years – and for more reasons than you might realize. Before digitization, banking was done solely in the local branch. Bankers worked with their customers face to face, building relationships by learning about each individual customer and their unique life situation.

Data 117
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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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Fintechs Are No Threat to Banks — But Amazon and Alibaba Are

Bank Innovation

The biggest threat for the banking sector is not fintechs. No, according to a recent report by McKinsey, that would be non-banking companies such as Amazon and Alibaba. The report refers to these companies as “platform companies” and calls them the “new heavyweight competitor(s) in town,” for the banking sector. Based on information gathered from […].

Fintech 333
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We still need bank branches

Chris Skinner

For many years we have had discussions about bank branches and a branchless future. I personally don’t believe in a branchless future, but many do. And yes, there are many branches disappearing, much to the annoyance of those who lose that physical store. For example, America still has a large … The post We still need bank branches appeared first on Chris Skinner's blog.

America 292
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Money20/20 trends: AI, 'everyday commerce' and security

Payments Dive

The bright lights of Las Vegas have gone out on Money20/20 for another year. As always, the event brought together the biggest names in payments and provided unprecedented insight into the future of financial services.

Las Vegas 239
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Investors Tap Into The Promise Of High-Tech Data Analytics In The Enterprise

PYMNTS

It was a busy time for B2B venture capital this week, and while funding ranged across verticals from expense management to SaaS, there was a clear theme in investment rounds: high-tech data analytics. Startups deploying machine learning and artificial intelligence (AI) capabilities are focused on improving corporate processes — from identifying fraud to testing software to managing employee effectiveness.

Analytics 189
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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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Money 20/20 2017: Five key takeaways

Bobsguide

The annual Money20/20 conference in Las Vegas this year explored key themes and topics shaking up the payments industry. Highlights included keynote speeches from Dan Schulman (CEO, PayPal) and Julie Sweet (CEO, Accenture North America), track sessions exploring how the payments industry requires.

Las Vegas 144
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6 ways the iPhone X changes mobile payments

Payments Source

The iPhone X is a very different type of smartphone, shedding much of Apple's familiar hardware design and adding new, unproven features. Here are some of the ways the iPhone X is changing mobile payments.

Mobile 111
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What’s Next for SWIFT? APIs, Realtime Payments, and Cryptocurrency

Bank Innovation

EXCLUSIVE–With global payments service SWIFT gpi (global payments innovation) finishing up its first active year, how is SWIFT planning to push the service forward in 2018? The banking infrastructure provider will be moving gpi forward through new partnerships and new projects, most notably API capabilities, Stephen Grainger, managing director, head of North America for SWIFT, […].

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The compelling case of Alipay and Christmas

Chris Skinner

We hosted ePassi at our recent launch of Nordic Finance Innovate (NFI) in Helsinki, Finland. ePassi are the partner firm of Alipay, bringing the app to Finland to allow Chinese tourists to pay easily when travelling via Finland to Europe. It’s been very successful as it was initially launched to … The post The compelling case of Alipay and Christmas appeared first on Chris Skinner's blog.

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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.