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.
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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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.
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.
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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.
Insights on Business
DECEMBER 7, 2016
A recent article in The Globe and Mail , The biggest threat to banks? Legacy systems, not fintech (November 2016), by Mike Gardner seemed to go viral on my Twitter stream. In the article, Mike describes huge losses for JP Morgan and the collapse of MF Global caused by IT systems and the use of inappropriate tools that may have been put in place more than 25 years ago.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
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.
Bank Innovation
DECEMBER 8, 2016
What’s the best thing about startup demo days? You get to peek behind the curtains, before they scale (or fail). Five startups, in five minutes each, took the stage at the Empire Startups Fintech December Demo Day yesterday with their latest and greatest. Bank Innovation has the lineup, in case you Read More.
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.
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.
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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
Payments Source
DECEMBER 1, 2016
Gen Z is coming fast on the heels of millennials. For e-commerce, payments and financial services, they have an even shorter attention span.
Bobsguide
DECEMBER 20, 2016
The lending ecosystem has witnessed momentous changes in last five years, from fintechs disrupting the industry by leveraging technology and offering ease and speed in process, to evolution of stringent regulations post the 2008 meltdown. Technology has played a significant role in the rapid.
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.
Bank Innovation
DECEMBER 20, 2016
Citi Fintech kicked off its one-year anniversary this November through the launch of its Global API Developer Hub, a platform that has developed 49 APIs across eight usage categories after just one month of availability. “This was really our foray into an open-innovation approach, which is something we’re seeing a Read More.
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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.
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.
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.
Let's Talk Payments
DECEMBER 3, 2016
As much as financial technology innovators would like to believe in a challenge they impose on institutions, in reality, the hype is often exaggerated. Among factors that played a.
Bobsguide
DECEMBER 6, 2016
Enticing new customers and understanding existing ones in order to encourage brand loyalty is essential in every sector, and has arguably never been more important than it is today. Consumers are saturated with marketing when it comes to products and services of all types, and the financial services.
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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
Chris Skinner
DECEMBER 19, 2016
Earlier this year, I summarised some of the best research papers that had been released on FinTech and Blockchain in three parts: Part 1, Part 2 and Part 3. Thanks to Oliver Bussmann’s blog, I can now provide you with a list of the best research released on Fintech this year. Enjoy! 2016-12 Digital Asset Holding Non Technical … The post The best FinTech research of 2016 appeared first on Chris Skinner's blog.
Bank Innovation
DECEMBER 13, 2016
It’s almost time to wave goodbye to 2016. This was a big year for fintech, with new regulations, new startups, and new technologies displayed across events like Sibos and Money20/20, making it clear that the progress of fintech can’t really be stopped. But how will it continue? That’s the real Read More.
Payments Dive
DECEMBER 22, 2016
Despite the rapid pace of digitization in banking, paper receipts are the last bastion of an analog world. And as long as they remain analog, they also remain limited in their value.
PYMNTS
DECEMBER 19, 2016
Blockchain has officially entered the grocery aisles. Walmart has announced that it is now testing new blockchain technology to track and trace produce in U.S. stores and pork in China. PYMNTS covered the testing and lead-up to the kickoff back in November. Now, the technology and use of it are even closer. It’s a pilot program, where sliced apples and cut broccoli will be used to test the blockchain database technology for four months starting in the first quarter of 2017.
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.
Let's Talk Payments
DECEMBER 23, 2016
Although the value of fraudulent activities in online banking is expected to reach $7 billion by 2020, the focus on digital channels in banking has been only increasing as banks.
Bobsguide
DECEMBER 4, 2016
For the past decade, governments around the world have established international anti-money laundering (AML) and counter-terrorist financing efforts in an effort to shut down the cross-border flow of funds to criminal and terrorist organisations. Financial crimes are becoming increasingly adroit.
Chris Skinner
DECEMBER 7, 2016
I’m relaxing and thinking. A bad combination. Just had several sessions with different conferences on Brexit, Open API’s, PSD2, Open Sourcing, Open Banking, Innovation and more … and it all seems like such drivel. One of the sessions was asking the question: is it time to drop the curtain on innovation theatre? Yes, for gawds … The post Go Fintech or go home (and don’t be Techfin) appeared first on Chris Skinner's blog.
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.
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.
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