Chris Skinner
SEPTEMBER 2, 2018
There’s been an interesting but hidden trend taking place. It started in China with Tencent and Alipay and has now gone global. The phenomenon is called QR codes. QR, or Quick Response if you prefer the longer form, is a code that originated in Japan in the 1990s, and has … The post Will QR codes wipe out cash and cards? appeared first on Chris Skinner's blog.
Payments Dive
SEPTEMBER 7, 2018
Host Will Hernandez, discusses USAA's unique branch-less mobile banking system, which services the U.S. military. USAA is typically on the cutting edge of mobile banking, and Phil Leininger, the GM of Omnichannel Sales & Service of USAA, talks about their advancements in mobile technology.
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Bank Innovation
SEPTEMBER 6, 2018
There are advantages to both sides for banks to partner with mortgage solutions, but one of the U.S.’s largest digital mortgage companies told Bank Innovation why they aren’t partnering with banks. LendingHome, which has originated $3 billion in loans since 2014, says there need not be a rush for digital mortgage servicers to partner with […].
PYMNTS
SEPTEMBER 4, 2018
For some small businesses, taking steps to digitize might feel like a game of Frogger. How does one know when to leap into a new technology without getting hit with issues like implementation problems, technical challenges and the threat of a wasted investment? What’s more, how can a business feel confident in embracing a new technology when the next generation of an innovation could be just around the corner?
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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
SEPTEMBER 5, 2018
I recently blogged about JP Morgan Chase spending $10 billion a year on technology of which $3 billion goes into new projects. There were then several other announcements that caught my attention about Citibank and Bank of America investing similar amounts in digital. The question it prompted is: why are … The post We need to launch a digital bank?
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
SEPTEMBER 6, 2018
Goldman Sachs is reportedly dropping plans for a cryptocurrency trading desk. The news, which broke late yesterday, sent crypto prices further down, but in this bear market, you'd be excused for not noticing. The news, though dismissed or even spun into a good thing by crypto enthusiasts, can hardly be taken as a positive sign […].
PYMNTS
SEPTEMBER 7, 2018
The dark web – it’s easy to view it as murky, an ocean of illicit activity, with swarms of bad actors acting badly, trading stolen data for – maybe – stolen dollars. Then again: Might there be some usefulness amid the murk? CNBC reports that, yes, the dark web may harbor a reputation of hiding an underground economy or economies, where commerce dabbles in everything from stolen financial records to firearms.
Chris Skinner
SEPTEMBER 6, 2018
I was introduced to a lunch meeting by the Chairman of the Bank. As he made the introduction, he gave a personal account of how technology had changed the world during his lifetime. This is not his speech, but my version of his speech. I trust you like it. So, … The post How the world has changed with technology appeared first on Chris Skinner's blog.
Bobsguide
SEPTEMBER 6, 2018
Successful business owners require a clear understanding of their company’s financial positioning, establishing whether their security holdings and cash balances have breaks. In 2018, everyone wants to get this information quickly, correctly and cost-effectively. In bookkeeping, a bank.
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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
Bank Innovation
SEPTEMBER 7, 2018
Goldman Sachs CFO Martin Chavez said a report that stated the bank was closing or delaying its cryptocurrency trading desk was "fake news." This information appeared on Bank Innovation and across business media yesterday. Chavez told the audience at TechCrunch Disrupt yesterday (video here) that desk or no desk, Goldman will continue its exploration of […].
PYMNTS
SEPTEMBER 5, 2018
Consumers want what they want, when they want it – and they want to be able to feel confident that they can trust what they choose, whether it’s shopping online, contemplating a connected car or choosing between a card and a mobile payment method. Trust means the transaction is secure , and also lives up to the customers’ expectations for the agreement.
Chris Skinner
SEPTEMBER 4, 2018
I sometimes find it hard to deal with our world of money these days. Everyone keeps asking should I buy bitcoin and my answer is always it’s your choice. I don’t believe in bitcoin, but I’m not one of those doom mongers who say it’s going to die. It won’t … The post The future of bitcoin appeared first on Chris Skinner's blog.
Payments Dive
SEPTEMBER 6, 2018
It's time for a look back at last month's most-read content on the site.
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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.
Bobsguide
SEPTEMBER 5, 2018
Across financial services artificial intelligence (AI) is no longer the stuff of the future. It has been embraced by banks supported by third party fintechs, providers, and technology departments within banks keen to use their own resources to drive their use of the robotic process automation (RPA).
PYMNTS
SEPTEMBER 7, 2018
If one were looking at the economy a decade ago, Stripe COO Claire Hughes Johnson told Karen Webster, the biggest challenge businesses faced in growing was clear: access to capital. Ten years ago, the economy was in the midst of the “Great Financial Crisis,” and businesses were reeling from the credit crunch that came along for the ride. The last 10 years have changed the playing field a lot.
Chris Skinner
SEPTEMBER 3, 2018
I was reading The Guardian’s John Quiggin’s article yesterday, about banking being geared towards the 1% and a major crash being needed to fix it. John Quiggin is an economist at the University of Queensland and the thrust of his article is that “financialised capitalism has failed, and cannot be … The post The culture of banking is skewed to be dishonest appeared first on Chris Skinner's blog.
Gonzobanker
SEPTEMBER 4, 2018
Customers love digital self-service—right up until they don’t, and then they want a live person. In our work with banks and credit unions around the country, an unavoidable truth comes up again and again: Even the flashiest digital strategy falls flat without the backing of a strong contact center. Today’s contact center is the critical human voice of successful multi-channel delivery.
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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
Bobsguide
SEPTEMBER 3, 2018
Often described as the ‘new oil’ or even the currency of the digital economy, data is key to the business strategy of every organization. For banks, building an understanding of how to harness the variety, velocity and volumes of data available to them will dictate the difference between.
PYMNTS
SEPTEMBER 3, 2018
The summer, now drawing to a close, brought significant payments and commerce activity outside the Western world. A new PYMNTS story offers an in-depth look at all the recent digital happenings in India — a country that’s experiencing more competition from the likes of Google , Amazon , Walmart-owned Flipkart and Alibaba. Online retail continues to grow in the country, and that market could hit $200 billion by 2026 if one goes by a Morgan Stanley estimate.
Chris Skinner
SEPTEMBER 6, 2018
Things we’re reading today include: UK fintech in buoyant mood as valuations soar How high street banks reward premier customers Nigerian bank’s former UK head was arrested U.S. probing Wells Fargo’s wholesale banking unit: WSJ Five surprising outcomes of the 2008 financial crisis Foreign investors face decision to stick or … The post Things worth reading: 7th September 2018 appeared first on Chris Skinner's blog.
Payments Source
SEPTEMBER 5, 2018
By transforming a traditional treasury into a cashless economy, cities will open the doors to wider and faster adoption of more complex smart city innovations, writes Sumeet Puri, senior vice president and global head of systems engineering at Solace.
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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.
Insights on Business
SEPTEMBER 5, 2018
Institutions invested in a broad range of corporate debt instruments can draw business benefit from adopting an integrated view of market and credit risks. These include the ability for risk analysts and fund managers to capture in a single environment, migration and default situations on top of yield curve shifts and spread widening impacts. It allows these teams to blend risk factor level and bottom-up instrument info to build hedging strategies at individual issuer level, or refine broader po
PYMNTS
SEPTEMBER 7, 2018
Imagine this: You are watching a movie or TV show at home —it’s been a long week and you are vegging out, a glass a wine on the table — and you decide you like a shirt worn by one of the characters, or that you enjoy a particular documentary so much that you want to further explore the subject via a book. You use your remote or mobile device to make such a purchase before giving all your attention back to the action on the screen.
Chris Skinner
SEPTEMBER 4, 2018
Things we’re reading today include … Deutsche Bank to Be Removed From Euro Stoxx 50 Index Danish bank scandal grows to ‘gigantic’ proportions Peer-to-peer lender Funding Circle plans £2bn flotation ING to pay €775m in money laundering case TSB chief Paul Pester steps down after IT meltdown Exclusive: Big Australian … The post Things worth reading: 5th September 2018 appeared first on Chris Skinner's blog.
Payments Source
SEPTEMBER 6, 2018
The information you need to start your day, from PaymentsSource and around the Web: mobile ordering on the golf course; Facebook users take a break; PayPal invests in U.K.'s Monese; and more.
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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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