Chris Skinner
JANUARY 8, 2019
There are many pundits predicting change in banking and FinTech this year. Here’s a review of a few of the ones that have some depth. American Banker published seven FinTech predictions for 2019 by Bob Legters, Chief Product Officer of Banking and Payments at FIS. The seven headlines are: We won’t … The post FinTech Forecasts for 2019 appeared first on Chris Skinner's blog.
Payments Dive
JANUARY 11, 2019
The banking industry is facing multiple challenges in the face of stiff competition from fintech startups and disruptive applications that provide direct access to loans, credit and other critical services.
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PYMNTS
JANUARY 9, 2019
When talking about advances in home automation and artificial intelligence (AI)-guided systems for consumers, the conversation has a natural tendency to drift toward younger consumers, particularly millennials. That focus isn’t unwarranted, as there are 75 million millennials, and the older half of that generation (the group PYMNTS has termed Bridge Millennials ) is much more likely than the average consumer to own a smart device, and more likely to use it to make a purchase.
Bank Innovation
JANUARY 10, 2019
Banks, credit unions and other financial institutions have tech giants like Apple, Amazon and Google to thank for the rise in customers demanding a combination of speed, simplicity and convenience that can seem elusive in the industry. Consumer expectations have changed, but financial institutions certainly appear to be aware of the consequences of not responding […].
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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.
Chris Skinner
JANUARY 6, 2019
Hello, hello and hello again. Welcome to 2019. A brand new, fresh, shiny year, and just out of the starting gate. Having said that, yes we are still talking Brexit and we still find a group of shady bankers knocking off billions. Same s**t, different day, as Stephen King would say. … The post Ten Top Trends for 2019 appeared first on Chris Skinner's blog.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
JANUARY 10, 2019
Amazon has its eyes on expansion for its Whole Foods brand in closed Sears and Kmart stores, according to a report by Yahoo! Finance. The recent woes of Sears and other struggling retailers are seen as an opportunity for the online retail giant. Sources told Yahoo! that the company is visiting sites of now defunct retail spaces. For example, Whole Foods managers went to a site in Utah that used to be a Kmart.
Bank Innovation
JANUARY 7, 2019
Fintech lending is on the rise but under the microscope, too. A report from the U.S. Government Accountability Office released in December said financial regulators should give the role of non-bank players in the small business and consumer lending markets a little more scrutiny, and clarify their views on the use of alternative data to make […].
Chris Skinner
JANUARY 9, 2019
There has been a lot of thinking and rethinking during 2018 about blockchain, cryptocurrencies, bitcoin and everything digital currency related. I wrote about the challenges getting blockchains implemented for example, and was surprised to find myself enduing up as a network meme. The power of the pundit, ay? Last year … The post Crypto Forecasts for 2019 appeared first on Chris Skinner's blog.
Payments Dive
JANUARY 11, 2019
Host David Jones, discusses automating payment card data, and how it protects cardholders and merchants with Switch CEO, Chris Hopen.
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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
PYMNTS
JANUARY 9, 2019
New York has banned the ban. In the wake of court filings this week that effectively ended a challenge to surcharges on credit card transactions in New York, merchants in the Empire State can indeed embrace those fees, contingent upon stating those costs to consumers up front. The merchant plaintiffs and the state of New York filed motions on Jan. 8 to dismiss a challenge to such charges, seemingly capping a battle stretching back years.
Bank Innovation
JANUARY 11, 2019
Fewer but larger venture capital deals in 2018 translated into some big payoffs for fintechs. Fintech-related funding jumped 38% to nearly $11 billion in 2018, according to the 4Q18 MoneyTree Report from PwC and CB Insights. Deal activity in the space rose to 627 transactions, up from 571 in 2017. Seed-stage fintech companies accounted for […].
Chris Skinner
JANUARY 10, 2019
So, I’ve been summarising other people’s views of the year ahead from a variety of sources, but I also wrote two outline pieces for my friends at The Banker magazine and Jim Marous’s The Financial Brand. Just to finish off my week’s blogs about this year, here’s what I wrote. From The … The post My view of 2019 appeared first on Chris Skinner's blog.
Payments Dive
JANUARY 7, 2019
This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.
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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.
PYMNTS
JANUARY 8, 2019
Ripple, the blockchain company that has the XRP digital currency, reached a milestone on Tuesday (Jan. 8) by reaching 200 customers. According to a blog post , Ripple said that in addition to the 200 customers, it has seen a 350 percent increase in customers who are sending live payments over its blockchain platform. The company announced that 13 new financial institutions, including Euro Exim Bank, SendFriend, JNFX, FTCS, Al Ahli Bank of Kuwait, Transpaygo, BFC Bahrain, ConnectPay, GMT, WorldCo
Bank Innovation
JANUARY 9, 2019
Taking advantage of the timely New Year's resolution mentality, Marcus, the online consumer lender from Goldman Sachs, released what it calls Financial Workouts 2019 to help consumers get in better financial health. Users are required to determine their financial personalities based on a list of characteristics presented on the site. And then based on that […].
Chris Skinner
JANUARY 7, 2019
So yesterday, I gave you the top ten trends for 2019 from British Airways’ Business Life magazine. The article also discussed a range of other trends that are noteworthy, so here’s a quick summary of the other things to expect in 2019. 2019: The Year of the People This is … The post 2019: The Year of Witty Protest appeared first on Chris Skinner's blog.
Payments Dive
JANUARY 8, 2019
An economic slowdown and the continued trade dispute with the U.S. are raising questions about the direction of mobile payments in the critical Chinese market.
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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
PYMNTS
JANUARY 10, 2019
The new year has dawned with a number of cross-border payment pacts, done across blockchain and other means. In Pakistan, as reported by Coindesk, Telenor Microfinance Bank and remittance firm Valyou Sdn Bhd (a Telenor subsidiary) have launched a payment platform based on Alipay’s blockchain offerings. That blockchain technology, in turn, had been developed by Ant Financial Services Group.
Bank Innovation
JANUARY 9, 2019
Fintech startup Plaid, a quiet unicorn doing a lot of the heavy lifting in the API space, announced its first major purchase this week. The San Francisco-based company will acquire its competitor Quovo, a wealth management startup that aggregates investment and brokerage data. Plaid’s co-founders, CEO Zach Perret and CTO William Hockey, said in a blog […].
Ron Shevelin
JANUARY 6, 2019
Bank/fintech partnerships will be a tough road to hoe in 2019 because of: 1) Digital account opening delusions; 2) Resource constraints; and 3) Lack of strategic partnership processes.
Payments Dive
JANUARY 7, 2019
This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.
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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.
PYMNTS
JANUARY 5, 2019
Until extremely recently, the word “fortnight” was a fancy way to say “two weeks” – and it wasn’t likely to come up unless one happened to be studying for the SATs. But in the year 2018, that changed – the word went from being a piece of anachronistic English to a certified cultural phenomenon (albeit spelled a bit differently) that almost no one was anticipating.
Bank Innovation
JANUARY 8, 2019
New Year, new executives -- that’s true, especially in the payments ecosystem. 2018 proved to be a major year for payments focused companies like PayPal, bank-backed P2P service Zelle, or even retailers like Amazon and Walmart, payments made up a large part of the market conversation. And in this first month of the new year. […].
Bobsguide
JANUARY 8, 2019
Conferencing is a key part of the fintech industry and one of the only ways to stay up to date with the ever quickening pace of technological change in the sector. Bobsguide compiled and previewed the fintech events not to miss of 2018 and this year is no different. This list provides you.
Payments Dive
JANUARY 7, 2019
In USA card fraud is shifting from in-person fraud to remote fraud. View our latest infographic.
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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
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