Chris Skinner
JANUARY 4, 2018
I really liked this article by John Kennedy over at Silicon Republic, and decided to reproduce it here as it’s fitting for the kickoff of 2018. Who are the fintech start-ups in Europe worth banking on in the year ahead? Europe is in the grip of a fintech revolution and 2018 … The post 20 of Europe’s hottest fintech start-ups to watch in 2018 appeared first on Chris Skinner's blog.
Bank Innovation
JANUARY 8, 2018
Sure, cryptocurrency and bitcoin might seem like the talk of the town, but a recent survey found that most people don’t even know what a digital currency is. According to a survey conducted by cryptocurrency platform COBINHOOD, only 56% of the 1,035 Americans surveyed knew that cryptocurrency is a digital decentralized currency designed as a […].
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Payments Dive
JANUARY 2, 2018
For a company once known as a threat to the card networks and banks, PayPal is now an ally as it pushes forward with digital payments.
PYMNTS
JANUARY 10, 2018
When Mastercard launched the Start Path accelerator program in 2014, the goal – according to VP and senior business leader, Amy Neale – was to make it easier for emerging companies to enter “our world” through a combination of operational support, commercial access and some strategic funding. “And when we talk about our world, we mean not just payments, but FinTech more broadly – and, even more broadly than that, commerce,” she said.
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Bobsguide
JANUARY 10, 2018
Global technology consultancy DataArt expects to see a handful of financial technology (fintech) trends that emerged in 2017 to strengthen significantly in 2018. In particular, the growth of Artificial Intelligence (AI) in the industry will be exponential for three main reasons; hugely increased.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Chris Skinner
JANUARY 1, 2018
I usually start the new year by making some predictions, but so many others have been writing about 2018 trends that I’m not going to. There are four big things for 2018 from a FinTech viewpoint that are obvious to me however, which are: Getting down to business with Artificial … The post The FinTech outlook for 2018 appeared first on Chris Skinner's blog.
Bank Innovation
JANUARY 15, 2018
Big banks say they want to invest in fintech. But which are the ones actually putting their money on it? Well according to a report by CB Insights, of the ten bulge bracket banks, that would be Goldman Sachs. Based on the new report by CB Insights, which looked at top bulge bracket budget banks, […].
Payments Dive
JANUARY 12, 2018
NFC, QR codes and various in-app payment methods have helped change the way consumers pay via a smartphone.
PYMNTS
JANUARY 15, 2018
From market pressures in the U.S. that have encouraged data sharing between banks and FinTechs to regulations in the U.K. and EU like Open Banking and PSD2 that require such cooperation, APIs are emerging as an essential piece of the equation for payments innovation. That rings especially true in the areas of B2B payments and cross-border payments, which are complex, require the movement of data along with funds, and often involve multiple parties that have to all be on the same page about a tra
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Bobsguide
JANUARY 29, 2018
bobsguide caught up with Gurjeet Singh, CEO of Ayasdi, to discuss how AI will go in 2018. Ayasdi offers an enterprise-grade artificial intelligence platform that leverages big data to make intelligent business applications; for instance, Ayasdi has an application that powers parts of HSBC’s.
Chris Skinner
JANUARY 11, 2018
Just before Christmas, I was interviewed by a Turkish magazine about the future, Turkey and fintech. I thought it might interest folks to share it here … When you wrote your first book about fintech – little was known about it. How much has that changed and have your predictions … The post Why I like Turkish banks appeared first on Chris Skinner's blog.
Bank Innovation
JANUARY 17, 2018
Indian consumers prefer biometrics to PINs or passwords to authenticate payments, a new report by Visa suggests. According to the report, 99% of those surveyed said they would like to use at least one biometric form of authentication (fingerprint, voice recognition, eye scan, etc.) to make payments. The reason for this overwhelming support in favor […].
Bank Innovation
JANUARY 30, 2018
EXCLUSIVE – If the future of banking is partnering with fintech startups, then finding the most innovative and efficient fintechs becomes crucial for banks’ success. This demand has led to the rise of third-party run accelerator programs. One such program is Little Rock, Ark.-based The Venture Center’s FinTech Accelerator program, which is backed by financial […].
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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.
Bank Innovation
JANUARY 16, 2018
EXCLUSIVE – After more than two years of planning, Payments Services Directive II or PSD2 finally arrived in Europe on Saturday. The regulation has been dubbed as one of the more substantial regulatory changes of its kind in Europe. While many traditional banks and FIs might not be thrilled about having to open their APIs […].
Bank Innovation
JANUARY 23, 2018
EXCLUSIVE- Bank of America has quietly shuttered its free checking account, now requiring customers to keep a certain minimum balance in their accounts, or set up direct deposit of at least $250, to avoid a $12 monthly fee, the Wall Street Journal reported yesterday. The banks’s eBanking customers, all of which were switched into accounts […].
Chris Skinner
JANUARY 8, 2018
Banks need to make money on new products and services, from things that don’t exist yet, in the same way that children will need to find jobs that don’t exist yet. You may not have seen it, but it is estimated that two-thirds of the jobs of the future are … The post Future bank products are like jobs for your children appeared first on Chris Skinner's blog.
Bank Innovation
JANUARY 24, 2018
EXCLUSIVE- Echoing the mandate of PSD2, Bank of America Merrill Lynch today unveiled an API gateway that seeks to connect its commercial clients to fintechs and other third-party vendors. As of now, the API gateway is available to only clients with accounts in EMEA (Europe, the Middle East and Africa). Bank of America Merrill Lynch […].
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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
JANUARY 17, 2018
Bank of America has more blockchain-related patents than any other firm in the U.S., according to a new report by New York-based law firm EnvisionIP. According to the report, Bank of America has 43 patents while Mastercard and IBM have 27 each, followed by 14 from Fidelity. The report counted a total of 1,045 blockchain […].
Bank Innovation
JANUARY 24, 2018
Payments provider Mastercard has issued a deadline for the availability of biometric authentication across its cards, stating that all customers will be able to use fingerprints or facial recognition for verification by April 2019. For that to work, banks that issue Mastercard-branded bank cards will also need to be able to support these verification methods. […].
Bank Innovation
JANUARY 2, 2018
Mobile payments have been a major trend in 2017, especially for China. This comes as no surprise, with China’s expanding tech-savvy middle class causing e-commerce apps such as Alipay, WeChat and e-commerce mammoth JD.com to grow tremendously over the latter quarters of 2017. According to a report released by internet research firm Analysys yesterday, the […].
Bank Innovation
JANUARY 12, 2018
EXCLUSIVE – Major European payments regulation, PSD2 is set to go live tomorrow in Europe. Banks across the European Union have been preparing for the revised Payment Service Directive or PSD2 since it was first passed in 2015 by the Council of the European Union. The main objective of this new regulation is to level […].
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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
Bank Innovation
JANUARY 31, 2018
Last year, was big for corporate venture capital?—?$37.4 billion big. That’s the total record amount of money invested by the corporate venture capital industry last year in 1,268 financing deals, according to a report from Pitchbook and the National Venture Capital Association released Friday. Overall, corporate venture capital entities participated in 44% of all 2017 […].
Bank Innovation
JANUARY 30, 2018
South Africa’s Reserve Bank today unveiled a fintech unit. The unit, which consists of only three members right now, will pay attention to developments in areas like payments, lending and insurance among other things. The unit will report to Deputy Governor, Francoise Groepe. Based on a Finextra report, Groepe said of the fintech unit: Given […].
Bank Innovation
JANUARY 16, 2018
Rarely a day goes by that the financial industry isn’t being infused with the latest and greatest technologies. Fintech, or the marriage between finance and technology, is several decades in the making. For market participants, this means a world of possibilities. While it’s nearly impossible to predict what the latest fintech breakthrough will deliver, at […].
Bank Innovation
JANUARY 12, 2018
Fintech lender Tandem has officially completed its acquisition of Harrods Bank, a move that grants the London-based lender a banking license, it announced yesterday. A mobile-based lender that allows customers to aggregate all of their financial information in one place to help users save and budget, Tandem lost its banking license in 2017 after an […].
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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