PYMNTS

FEBRUARY 19, 2020

With speed being the most obvious value proposition of real-time payments capabilities, it’s not difficult to imagine that corporate payers would be eager to embrace faster payments functionality in their accounts payable (AP) departments. And for many firms, that’s exactly what they’re beginning to do. PYMNTS’ recent Making Real-Time Payments a Reality: Rising Demand for Real-Time Payments report, a collaboration with Mastercard, found that two-thirds of corporate surv

Payments 287

Payments Fraud Survey Fintech 287

Chris Skinner

FEBRUARY 18, 2020

I bumped into a real API marketplace the other day. Just what I’ve been looking for … … but not sure why they’re opening physical stores pic.twitter.com/NaUUiyQ4lK — Chris Skinner (@Chris_Skinner) February 17, 2020 It gained a few nice comments like: “So people could stock up on spaghetti code and … The post If you’re API and you know it, block aggregators appeared first on Chris Skinner's blog.

Digital Banking 405

Digital Banking Technology Fintech 405

Bank Innovation

FEBRUARY 20, 2020

Giants have fallen when they reacted too slowly to changing consumer needs. Kodak, despite developing the first digital camera, did not believe digital photography would dominate the market, and therefore did not leverage the opportunities their discovery offered. They chose to focus on film, not innovation, and fell after a century in business. Now banks […].

Innovation 359

Innovation Marketing 359

American Banker

FEBRUARY 18, 2020

Consumer advocates and policymakers are railing against use of the technology by government, universities and others. Banks using it for authentication need to tread cautiously, experts say.

Technology 76

Technology Mobile 76

Advertisement

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.

Groups

Payments Dive

FEBRUARY 21, 2020

Latin America is becoming an increasingly important market in the global payments business. There are a number of important innovations underway that are changing the industry.

Innovation 472

Innovation Marketing Payments America 472

Bank Innovation

FEBRUARY 16, 2020

Digital bank Stori, which is based in Mexico City, aims to reach customers with minimal access to financial services. Recent research highlights the problems the bank is attempting to solve. According to data from CB Insights, less than 3% of the poorest Mexicans have access to a credit card, as opposed to more than 15% of the country’s highest earners.

Digital Banking 343

Digital Banking Cards Data Company 343

Accenture

FEBRUARY 18, 2020

Guest bloggers Richard Gillespie-Brown, Helen Bayliss and Nicholas Kitson explain how a bank’s centre of excellence can unlock customer and colleague value by overcoming hurdles to automating digital processes. During our frequent conversations with banking clients about automating their digital processes, we’ve found that many of them are struggling to scale up from proofs of….

Customer Experience 274

Customer Experience Operations 274

Payments Dive

FEBRUARY 18, 2020

The London-based bank will slash 35,000 jobs worldwide, shift much of its focus to Asia and close a large number of U.S. branches, as part of a major restructuring of its global operations.

Operations 371

Operations 371

Chris Skinner

FEBRUARY 20, 2020

No one knows. He died in 1965 and, fifty-five years later, no one can say what his view on Brexit would be. But the question is being raised in The Independent this week (first of a five part series). They quote a few speeches by Churchill post-war and his views … The post What would Winston Churchill say about #Brexit? appeared first on Chris Skinner's blog.

369

369

Advertisement

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

Community Bank

Bank Innovation

FEBRUARY 16, 2020

MoneyGram is upgrading its digital capabilities beyond international cash pickup services with FastSend, a new feature that allows customers to send money to recipients’ accounts via mobile phone numbers instead of account numbers. The feature rolled out earlier this month. “We’re trying to address [pain points] with a fintech startup mentality and a very convenient […].

Fintech 329

Fintech Payments Mobile Groups 329

PYMNTS

FEBRUARY 21, 2020

The largest franchisee of U.S. pizza chain Pizza Hut is reportedly considering options in the wake of financial woes, including bankruptcy. The news, reported by Bloomberg on Wednesday (Feb. 19), said that NPC International, which owns around 1,200 Pizza Huts, is about $1 billion in debt. In lieu of that, the franchisee has begun negotiations with lenders.

Kentucky 302

Kentucky Branding America Report 302

Payments Dive

FEBRUARY 20, 2020

Payment security is central to the consumer experience with 54% of North America firms hoping to achieve higher customer satisfaction through improving the security of new payment technologies.

Innovation 307

Innovation Payments America Security 307

Chris Skinner

FEBRUARY 18, 2020

Things we’re reading today include … HSBC to slash investment bank, 35,000 jobs in strategy overhaul What’s gone wrong at HSBC? The humbling of Goldman Sachs Regular savers tempted with cash prizes UK climbs ranking of tax havens, campaign group warns UK’s cash system ‘will collapse without new laws’ The post Things worth reading: 19th February 2020 appeared first on Chris Skinner's blog.

Taxes 356

Taxes Strategy Groups System 356

Advertisement

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.

Lending

Bank Innovation

FEBRUARY 19, 2020

In Silicon Valley, entrepreneurs and venture capitalists are making big bets that the future of banking is digital, doesn’t have fees, offers a high savings rate—and might not technically be a bank at all. Chime Inc. is part of a fast-growing class of well-funded financial technology startups offering debit cards, checking accounts and other financial […].

Report 312

Report Financial Technology Cards Technology 312

PYMNTS

FEBRUARY 18, 2020

Bright lights, big (and small) cities and Big Data. In the drive to modernize, scale and handle burgeoning populations, cities are harnessing the power of data collection and analytics to improve infrastructure and services. As Mastercard Executive Vice President of Enterprise Partnerships and Head of Global Cities Miguel Gamiño told Karen Webster, it’s an endeavor that demands a long-term view and collaboration.

Data 283

Data Online Big Data Community 283

Payments Dive

FEBRUARY 19, 2020

In 2020 and beyond, it will critical for banks and credit unions to reevaluate their digital strategies.

Banking Trends 401

Banking Trends Trends Digital Banking Digital Strategies 401

Chris Skinner

FEBRUARY 17, 2020

Another day, another conference, another meeting. This time we’re chatting and talking with a group of people from banks, and I’m wearing one of my favourite new t-shirts, emblazed with the message: Just hodl it! Before taking stage, someone asked me what hodl meant. I was surprised. I thought everyone … The post JUST HODL IT appeared first on Chris Skinner's blog.

Conference 338

Conference Meeting Groups Payments 338

Advertisement

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

Cards

Bank Innovation

FEBRUARY 18, 2020

The Dow Chemical Employees’ Credit Union, which has 68,000 members around the globe and only one branch, is using in-app messaging to more efficiently reach members. “We can now reach out to [members] in a secure fashion without them having to contact us first,” COO Art Peters said. “We know when we get a message […].

US 300

US Security Customer Experience Retail 300

PYMNTS

FEBRUARY 21, 2020

Sweden’s Riksbank is assessing e-krona, a new form of digital currency that hopes to take the country a step closer to the creation of the world’s first central bank digital currency (CBDC), according to reports on Thursday (Feb. 20). The e-krona could eventually be used for banking functions — payments, deposits, withdrawals — from a digital wallet, Riksbank said.

blockchain 264

blockchain Bitcoin cryptocurrency Community 264

Payments Dive

FEBRUARY 20, 2020

Morgan Stanley will buy the pioneering brokerage in a historic merger that will create one of the industry's most powerful online brokerages.

Online 221

Online Industry 221

Chris Skinner

FEBRUARY 19, 2020

We had our first 2020 meetings of Nordic Finance Innovation last week. The theme was digital transformation and its implementation, and was co-hosted by our partner Swedbank. One of the slides struck me as particularly noteworthy. It came from a presentation by Stephan Erne, Chief Digital Officer at Handelsbanken, in … The post AI Resistance is Futile!

Meeting 308

Meeting Innovation Technology 308

Advertisement

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.

Analysis

Bank Innovation

FEBRUARY 20, 2020

Rapyd, a startup that converts international payments, announced a partnership with Visa this week to grow its card issuing business. “A major opportunity for us, and we’re seeing this around the world from a sheer use-case perspective, is card issuing,” said Marc Winitz, chief marketing officer at Rapyd. “Whether it’s physical or virtual, there’s an […].

Cards 284

Cards US Marketing Payments 284

PYMNTS

FEBRUARY 20, 2020

Future tech is no longer the province of high-end retailers. Innovations in 3D and augmented reality (AR) eCommerce are leveling the playing field and bringing conversion-centered visual technology to any online retailer. “There have been amazing shifts in the ecosystem and demand is rising for 3D and AR tools that will help connect consumers with the right products and eliminate uncertainty in the buying journey,” said Ashley Crowder, CEO and co-founder of VNTANA , whose company introduced new

Retail 259

Retail Maine Google Technology 259

Bobsguide

FEBRUARY 17, 2020

Large banks are struggling to develop money management apps to rival challengers, according to Mark O’Keefe, Payments Systems Regulator (PSR) panel member and founding director at Optima Consultancy. “There's a lot of talk, and I think this is probably a theme that you see from.

Management 166

Management Regulation System Payments 166

Chris Skinner

FEBRUARY 15, 2020

The main blog headlines are … Banking is what we do and technology is how we do it A decade ago, we talked about the financial crisis, technology, regulations and compliance. A decade later, we still talk about regulations and compliance, but the discussion has changed thanks to the explosion … The post The Finanser’s Week: 10th February 2020 – 16th February 2020 appeared first on Chris Skinner's blog.

Compliance 308

Compliance Maine Regulation Technology 308

Advertisement

Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se

Community Bank