Chris Skinner

JULY 16, 2018

During #Money2020Europe Tink, the Swedish challenger bank, interviewed me on my opinions about all things finance and technology. It’s only five minutes and think it’s probably worth the viewing as people are picking up on various comments I made, such as: “The leadership team has to be completely committed to … The post The chasm between banks with digital leadership and those without appeared first on Chris Skinner's blog.

Leadership 397

Leadership Technology Digital Banking 397

Payments Dive

JULY 19, 2018

The combination of mobile banking and biometric security in our smart devices will enable consumers to have more confidence regarding their personal security and will be far safer than it has ever been.

Security 289

Security Mobile 289

Bank Innovation

JULY 16, 2018

Financial institutions harnessing the power of big data must glean meaningful insights from many disparate data sets. Several startups helping banks and financial institutions make sense of data, alternative and otherwise, have emerged. According to one of our featured startups, Hexanika, the regulatory environment has intensified substantially lately.

Analytics 284

Analytics Data Big Data Fintech 284

PYMNTS

JULY 17, 2018

International Business Machines (IBM) and Stronghold, the financial services company, are teaming up to back a new cryptocurrency that is tied to the U.S. dollar. Reuters , citing the companies, reported that the digital token, dubbed Stronghold USD, launched earlier on Tuesday (July 17) on the Stellar blockchain platform. Buyers of the digital token deposit U.S. dollars with Prime Trust, Stronghold’s partner, and are issued the tokens on a 1-to-1 ratio.

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blockchain cryptocurrency Bitcoin Cards 183

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Chris Skinner

JULY 18, 2018

The UK’s challenger banks are busy getting on with it. They’ve got their licences, they’ve deployed their services, they’re partnering with third parties and creating marketplaces. Much of this was cited in a report by CBInsights, comparing the features of the five most notable new ones: Atom, Starling, Monzo, Revolut … The post Some challenger banks are challenging appeared first on Chris Skinner's blog.

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Report Digital Banking 284

Bank Innovation

JULY 17, 2018

Data is created at every financial transaction, and as datasets expand beyond what a single database can hold, big data is born. As complex as these datasets can be, they hold valuable information for financial institutions and are spurring financial services investments. A report from the technical consulting firm SNS Telecom & IT, published July […].

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Big Data Data Report Analytics 265

PYMNTS

JULY 20, 2018

Tilray , the first cannabis company to conduct an initial public offering on a U.S. exchange, closed up 32 percent. According to Financial Times reporting, Tilray’s shares sold for a listing price of $17, higher than the original indicated range of $14 to $16 a share. The IPO raised $153 million. And at $22.39 at the close of trading on Thursday (July 19), the company had a market value of nearly $2 billion.

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Company Capital Taxes Industry 144

Chris Skinner

JULY 20, 2018

A common response to technology is to test it. The problem with testing technology is that it is just a test. A false implementation. It is not designed for reality and can lead to false results. For example, I remember one UK bank testing new technologies in one branch, to … The post The danger of the technology testing hole appeared first on Chris Skinner's blog.

Technology 269

Technology Examples Innovation 269

Payments Dive

JULY 18, 2018

Download this infographic for interesting insights into a survey which explores the attitudes to and willingness of US, UK and Australian adults to make biometric payments, including gender and age variations.

Survey 186

Survey Trends Technology Payments 186

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Analysis

Bank Innovation

JULY 17, 2018

The digital revolution of financial services is here, and the question isn’t whether your organization should adopt a digital-first approach, but how quickly can you catch up with the digital leaders in your industry. Customers expect smart products; whether it’s payments, bank accounts, or finance options, if it’s not digital, instant, and available when your […].

Technology 256

Technology Industry Payments Online 256

PYMNTS

JULY 16, 2018

Apple Inc.’s research and development spending may have increased in the last fiscal year, but Toni Saccognahi, an analyst at Wall Street firm Bernstein , thinks the iPhone maker can spend more. In a research report covered by Barron’s , the Bernstein analyst said Apple has increased R&D spending to $12.7 billion in its last fiscal year, which accounts for more than it spent between 1998 and 2011 when it was creating the iPod, iPad, and iPhone — and is growing it at a faster clip

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Apple Analysis Resources Innovation 145

Chris Skinner

JULY 18, 2018

I’ve been talking a lot about the Eastern and Southern Hemispheres these days. I’m adamant that these hemispheres are creating the future, whilst the North Western Hemisphere struggles with its legacy infrastructure. In particular, Europe and America are suffering from their old technology structures. Specifically, America is lagging the world. … The post The Pet Shop Boys got it wrong appeared first on Chris Skinner's blog.

America 218

America Technology Digital Banking 218

Payments Dive

JULY 20, 2018

Host Will Hernandez discusses Zelle's massive success and new verification features with Lou Anne Alexander, group president of payments at Early Warning. ATM Marketplace Editor Suzanne Cluckey discusses mobile banking, World of Money, and mobile/ATM transactions.

Groups 150

Groups ATM Payments Mobile 150

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Lending

Bank Innovation

JULY 16, 2018

Bank of America will invest about $75 million per quarter in technology from now through the rest of 2019, the bank reported in its earnings call today. In its Q2 earnings call today, Brian Moynihan, chairman and CEO at BofA, said: …We continued to invest in our businesses and began an additional $500 million technology investment, […].

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America Technology Innovation Report 247

PYMNTS

JULY 17, 2018

When one tries to Google the phrase “millennials and mortgages,” something curious happens. Two different – and in some cases, mutually exclusive sounding – accounts of millennials and their home-buying habits, or lack thereof, emerge. Millennials are either dragging down the housing market because they can’t/won’t buy houses, or millennials are both leading the modern mortgage market and simultaneously leading it into the digital age.

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Millennials Payments Metro Marketing 131

Chris Skinner

JULY 15, 2018

It was interesting reading as the UK issued its Brexit plan last Thursday. A 98-page white paper outlines the details of what Britain is asking for in leaving the European Union. Most of it is unworkable, but then Brexit itself is likely unworkable. After all, no MPs can agree what … The post Will the UK’s #Brexit plans kill London? appeared first on Chris Skinner's blog.

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Payments Dive

JULY 20, 2018

Host Will Hernandez discusses Zelle's massive success and new verification features with Lou Anne Alexander, group president of payments at Early Warning. ATM Marketplace Editor Suzanne Cluckey discusses mobile banking, World of Money, and mobile/ATM transactions.

Groups 150

Groups ATM Payments Mobile 150

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Operations

Bank Innovation

JULY 20, 2018

A majority of U.S. business leaders (owners, managers, and executives) prefer using digital banking, and yet less than half of them have plans of increasing their use of online banking products and services, that’s according to a JPMorgan Chase survey. The survey, which was released last week, showed that the primary reason for businesses for […].

Survey 218

Survey Digital Banking Online Management 218

PYMNTS

JULY 16, 2018

Connections are about control: Who provides and oversees the connecting pieces? Who maintains the flow of goods, services, people and data through those connections? What do the connections connect to themselves? Less abstractly, the future of the automotive industry — along with the payment and commerce tasks associated with it — depends significantly on the type of technology that ties together web-enabled cars and trucks with outside networks.

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United States Technology Guidelines Data 130

Chris Skinner

JULY 15, 2018

The main blog headlines are … The Golden Age of Banking is a bit like England winning the World Cup There’s an argument raging that few have heard. The argument is whether it is the rebirth or death of banks. Many vote for the latter, but the former seems to … The post The Finanser’s Week: 9th July 2018 – 15th July 2018 appeared first on Chris Skinner's blog.

Maine 185

Maine 185

Bobsguide

JULY 16, 2018

Every cloud has a silver lining, at least that's what our elders drummed into us, an early example of expectation management and how to deal with life's challenges.

Management 100

Management Data Examples US 100

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Analysis

Bank Innovation

JULY 19, 2018

Posting $10 billion in revenue for Q2’18, up 9% from the same quarter last year, American Express‘s post-market earnings call reveals a battle for a strategic partnership, which Amex won against JPMorgan Chase. A question was fielded from Donald Fandetti, managing director, Wells Fargo on competitive intensity: Could you talk a little bit about the […].

Management 218

Management Marketing Operations Capital 218

PYMNTS

JULY 19, 2018

American Express has filed for a blockchain-based proof of payment technology, and Santander U.K. entered into an agreement with Infosys Finacle. Traditional banks and other financial institutions are undergoing tremendous pressure right now to compete in an environment where they are faced with enormous scrutiny from government regulators looking to mitigate risk.

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Fintech blockchain Technology Examples 117

Chris Skinner

JULY 18, 2018

Things we’re reading today include … Virtual banking is set to shake up Hong Kong Mobile bank cashiers used post-it notes for customers U.S. Bank Looks to Expand, But Not with a Digital Bank Silicon Valley Bank hits $100m investment target in Ireland Taxman will have ‘new powers to look … The post Things worth reading: 19th July 2018 appeared first on Chris Skinner's blog.

Digital Banking 171

Digital Banking Mobile 171

Payments Source

JULY 16, 2018

Venezuela's alternative currency, the Petro, isn't the only cryptocurrency serving the needs of the country's population.

cryptocurrency 99

cryptocurrency 99

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