Payments Dive
DECEMBER 29, 2016
All the signs seem to point to Sweden becoming an entirely cash-free country. However, the phasing out of a payment method that has been in use for centuries will not be simple, and it's possible that the country will never become truly cashless.
Bank Innovation
DECEMBER 27, 2016
2016 has been a year of many things. No, really, just look at this list of most trending Twitter topics of the year (spoiler: elections, Brexit and PokemonGo all made the list). But the memories are still fresh of, possibly, the most meaningful event in the fintech world: the Comptroller Read More.
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Chris Skinner
DECEMBER 30, 2016
I was looking through Google Analytics to see which of my blog entries had been most read in 2016. Here’s the list and, as you will see, it’s mostly people reading about blockchain news, although how to change the bank, fintech and innovation all get high rankings too. The top ten trends in banking innovation … The post The most read blog entries of 2016 (#fintech, #blockchain, #platforms) appeared first on Chris Skinner's blog.
Accenture: Banking
DECEMBER 2, 2016
What is blockchain? Blockchain as a technology and concept continues to be hyped in the financial services industry. Experimental approaches and practical innovations like Accenture’s redactable blockchain are emerging and are of great interest and appeal to the financial sector. Read more.
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PYMNTS
DECEMBER 8, 2016
Western Union, the global payment services company, announced Wednesday (Dec. 7) it is enhancing its relationship with Viber, the mobile messaging app that counts 745 million unique users around the globe. In a press release , Western Union said it is enhancing its existing relationship with Viber by enabling Viber users in the U.K. to send money domestically and internationally to more than 200 countries and territories via the Viber app.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
DECEMBER 9, 2016
Scott Blum, the vice president of Total Merchant Services, gives his take on what he expects from mobile payments in the new year.
Bank Innovation
DECEMBER 26, 2016
The future of banking most probably involves a completely re-vamped branch structure–but what will the bank branch of the future look like? Bank Innovation conducted a survey to find out, partnered with Worldwide Business Research, which explored the topic at its Future Branches event in La Jolla, California. The executives enjoying the Read More.
Chris Skinner
DECEMBER 2, 2016
I was intrigued by a comment made by Anne Boden, founder of Starling Bank, on a panel I chaired the other day. Anne used to work for ABN Amro, AIB and RBS, and is now a Fintech start-up and her comment went along the lines of: “I’ve now realised that the simple changes I needed … The post Can banks change their control freak cultures? appeared first on Chris Skinner's blog.
Abrigo
DECEMBER 15, 2016
In the 2015 Growth Strategy Survey by Bank Director , the most commonly cited areas for growth were Commercial Real Estate Lending, C&I loans, SBA loans, and Construction loans. This trend of focusing on commercial lending for portfolio growth seems to be gaining, as reflected in a 2016 poll by Sageworks where 42 percent of respondents said they would be focused on CRE lending for portfolio growth in 2017, while 39 percent said C&I would be the core of their growth strategy.
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PYMNTS
DECEMBER 15, 2016
Tokenization as a global standard for securing transactions in a digital world gets turbocharged today. In a mutual commitment to accelerating the adoption of an open digital wallet, global card networks Mastercard and Visa announce their agreement to allow each network to request tokenized credentials from the other when consumers are transacting across any digital medium — in app, online and in store.
South State Correspondent
DECEMBER 5, 2016
Here at CenterState Bank, we specialize in Florida. Now, Florida has a lot of things going for it, but it has at least two major things going against it. One is an unspoken rule that if you own a bar or restaurant with an open-air patio, you have to have some guy impersonating Jimmy Buffett on a stool wearing a flowered shirt singing for tips. These guys are everywhere, and if you live here, it gets old.
Payments Dive
DECEMBER 8, 2016
Scott Hess, vice president of user experience, consulting and innovation for Fiserv, discusses how payment providers can view this emerging area.
Bank Innovation
DECEMBER 30, 2016
For the last episode of the year, Brett King hosts a group of Fintech all-stars — Chris Skinner, Jim Marous, Dave Birch, Ghela Boskovich, and Penny Crosman to review a bit of 2016 and talk about the trends and predictions for 2017. What’s Next?
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Chris Skinner
DECEMBER 9, 2016
Reflecting on the last year, it’s been crazy. I feel like I’ve spent most of the year jumping on and off airplanes. Most visited cities are London, for obvious reasons, and Singapore. I must have been there five or six times this year, and that reflects Singapore’s ambitions to be a Fintech hub. I’ve also … The post The unbankable banked appeared first on Chris Skinner's blog.
Abrigo
DECEMBER 28, 2016
Aside from the accounting firm’s staff, technology likely represents the area where a firm has made its biggest investments over the years, so it makes sense that technology considerations should be included in discussions about possible mergers or acquisitions. However, according to industry consultant Jim Boomer of Boomer Consulting, people from a firm’s IT department are too often involved “too little and too late” in deals, if at all.
PYMNTS
DECEMBER 6, 2016
It’s not easy being big. Or being big and regulated. Among other things, it makes running a footrace with FinTech startups — tough. Big and regulated banks — especially these days — are not set up to sprint. Decades of legacy infrastructure and a web of regulations make it tough to adopt a “move fast and break things” mantra — even if the regulators would allow it.
South State Correspondent
DECEMBER 1, 2016
Yesterday, we announced our second merger of the year with the purchase of Gateway Financial. Gateway is a three bank holding company and totals $8880mm in assets and nine branches located in central Florida. Combined, that makes us $6.5B in assets with 85 branches spread throughout Florida and cements our position as the second largest community bank headquartered in Florida.
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Payments Dive
DECEMBER 15, 2016
André Stoorvogel, head of marketing at Rambus Bell ID, examines what we might see from the industry in the new year.
Bank Innovation
DECEMBER 30, 2016
If nothing else, 2016 was a year of change—nowhere more than in fintech, where developments in blockchain, payments, artificial intelligence, financial regulations, chatbots, and mobile rippled across the space to do what fintech does best—disrupt. With that in mind, let’s take a look back at our top ten fintech headlines Read More.
Chris Skinner
DECEMBER 5, 2016
I’ve noticed a great deal of schadenfreude related to the R3 bump. Lots of people saying that blockchain is past its sell-by date, R3 are bust and distributed ledgers are dead. I think it’s related to the journalists who, having delighted in bigging up blockchain big time for the past two years are now relishing … The post Blockchain is dead, long live the Blockchain appeared first on Chris Skinner's blog.
Abrigo
DECEMBER 5, 2016
Demand for effective cyber risk management is so strong that the AICPA is developing common criteria for CPAs to use as they help clients evaluate their programs and efforts. Meanwhile, accountants themselves understand the importance of good cyber security practices in their own offices, given recent reports of attacks by identity thieves targeting client names and IDs.
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PYMNTS
DECEMBER 30, 2016
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. We posed the same question to each executive: If you had to answer the question, Payments was the year of …, how would you answer, and how does your answer change your world — and the world of payments, more broadly?
South State Correspondent
DECEMBER 8, 2016
In Part I ( HERE ), we got all Warren Buffet against the backdrop of Jimmy Buffet and explored how rising rates were starting to impact deposit balances. We questioned whether “surge balances” are in fact a thing and if they are, is this the time that we will see an exodus of balances move into other asset classes like fixed income, equities, real estate and capital spending.
Payments Dive
DECEMBER 27, 2016
Here's a reason for retailers to be "appy" this holiday season: Purchases made on mobile apps more than doubled in 2015, to nearly $50 billion. We look at holiday-specific shopper apps and how retailers can parlay these concepts into direct spending online and in the store.
Bank Innovation
DECEMBER 22, 2016
Blockchain—possibly the buzziest of buzzwords in 2016. The world saw the rise of new enterprise blockchains, how the technology might be used to transport gold, to safely move perishable items like pork through a supply chain, and most importantly for those of us in the fintech trenches, we saw banks, Read More.
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