Chris Skinner
APRIL 13, 2018
I don’t often blog about investment banking as it bores my readers who are cool and trendy retail bankers and geeks, mainly, but keep coming back to this article about JPMorgan’s Best Execution AI engine, LOXM. LOXM’s job is to execute client orders with maximum speed at the best price, … The post AI and Best Execution: the Investment Bankers’ Dream Team appeared first on Chris Skinner's blog.
Bank Innovation
APRIL 9, 2018
EXCLUSIVE – Interested in the latest trends in payments, digital banking, blockchain technology, API, security, big data and all the other hot topics in the fintech space? Come join Bank Innovation’s Telegram Group. Bank Innovation‘s Telegram channel was created to foster discussion and collaboration among the fintech community on the latest trends, insights and events […].
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Payments Dive
APRIL 10, 2018
Cash demand has risen right along with payment card transactions during the past decade-and-a-half. What's up with that? We went looking for an answer in "Payments are a-changin' but cash still rules," a publication from the Bank for International Settlements.
PYMNTS
APRIL 11, 2018
Financial services players, both big and small, are embracing APIs in a major way — as they should. From solutions designed to increase the use of new technologies like the blockchain , to those aimed at giving consumers a more personalized set of products and services, APIs are being used to unlock all kinds of new capabilities. And now, around the industry, banks, financial managers and other players are seemingly embracing the age of APIs.
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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
APRIL 10, 2018
I hosted a dinner focused upon Open Banking recently and what it means to FinTech firms and start-ups. There were no bankers at the table, but a lot of firms who consult, provide systems or are deploying new businesses in FinTech at the table. The general consensus around the table … The post The innovator’s view of Open Banking 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.
Payments Dive
APRIL 13, 2018
Retailers must be aware of what's changing in payments to better serve their customers. That was the overarching message to retailers from a group of executives on a panel at the recent Oracle Industry Connect in New York City.
PYMNTS
APRIL 7, 2018
It’s fair to say we live in the future. A vast majority of Americans carry a super-computer in their pockets that can be used as a GPS navigator, a payment method, a source of entertainment and a shopping mall. Oh, and you can also use it to make phone calls. Beyond our casual use of technology (that would have seemed like pure science fiction in the 1950s and sorcery in the 1850s), we also have washing machines that order their own detergent, refrigerators that suggest recipes and vacuum cleane
Chris Skinner
APRIL 11, 2018
I am struck every day by the disparity in financial structures I see worldwide. Recently, I’ve visited Tunisia, Egypt, Sudan and Ethiopia for example, and am bemused how none of these countries has a strong mobile wallet operator. Instead, the nations seem to be 100% cash-focused, as my credit cards … The post Mobile payments are on fire everywhere and, whilst some are just catching fire, others are burning appeared first on Chris Skinner's blog.
Bank Innovation
APRIL 9, 2018
E-commerce company Amazon is debating a P2P payments feature that would allow users to make payments via its Alexa virtual assistant, a move that would push Amazon into competition with providers like PayPal and Mastercard. The move, reported by the Wall Street Journal this past Friday, comes as Amazon is exploring several new projects in […].
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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 Dive
APRIL 12, 2018
Julian Wells, retail director at Rambus, believes that retailers that invest in the right in-store digital initiatives will be able to separate themselves from the competition going forward.
PYMNTS
APRIL 11, 2018
Ripple , the blockchain company, announced news on Wednesday (April 11) that it has invested $25 million of its XRP cryptocurrency in Blockchain Capital’s $150 million fund Blockchain Capital Parallel IV. In a press release, Ripple said Blockchain Capital is the first fund focused solely on the blockchain space and is also the first to accept capital calls in cryptocurrency.
Chris Skinner
APRIL 9, 2018
I’m not a financial analyst but a technologist and so, unsurprisingly, I got called out by some pedantic accountants over my simplistic assertion that Ant Financial is 35x more productive than banks like Barclays, as I was simply using their revenues per employee to make comparisons. Similarly, in previous discussions … The post Comparisons of platforms vs banks by the numbers appeared first on Chris Skinner's blog.
Bank Innovation
APRIL 9, 2018
Bank of PayPal, anybody? Well, according to a report by the Wall Street Journal, the payments company has been reaching out to certain customers to add certain banking features PayPal is offering. Through the PayPal digital wallet, the payments platform is offering Federal Deposit Insurance Corp. insurance for balances, a debit card for cash withdrawals […].
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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
APRIL 12, 2018
With a lot of courage, heart and brains, Suresh Ramamurthi and his wife Suchitra Padmanabhan turned a failing bank into a fintech phenom in tiny Weir, Kansas. In a keynote at the BCX Summit, Ramamurthi will talk about CBW's journey — and its far-reaching implications for the bank customer experience.
PYMNTS
APRIL 9, 2018
For many consumers, secondhand is becoming their first thought when it comes to clothes shopping. It’s a movement that’s been gaining momentum since the recession in 2008. Today, one in three women are reporting that they shopped secondhand within the past year, according to research by thredUP. That’s a total of 44 million shoppers in 2017. Compare that to 35 million the previous year, and it’s clear this trend is not only on the rise, it’s growing dramatically, with the potential to reach $41
Chris Skinner
APRIL 12, 2018
During the Asian Banker’s Retail Excellence conference that I attended recently, my friend Emmanuel Daniel posed the question: Who do you trust more: Facebook or the Government? Bearing in mind that this was in the week of the Cambridge Analytica leaked data storm, where everyone was screaming to #deletefacebook and … The post The fragility of trust appeared first on Chris Skinner's blog.
Bank Innovation
APRIL 12, 2018
Spain’s Banco Santander Bank today launched Santander One Pay FX, a blockchain-based international money transfer service across four countries. This new service is the first of its kind, according to the bank, and was developed by blockchain firm Ripple. The service is available to retail customers in Spain, UK, Brazil and Poland. The bank plans […].
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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
APRIL 12, 2018
A lack of clarity over the potential products and services spawning from the open banking revolution will make it difficult for the industry to prepare for how the market will change. “I don’t think there’s anyone that can tell you what kind of services will be delivered off the.
PYMNTS
APRIL 11, 2018
Uber , aiming to expand access to transportation for the masses, announced news on Wednesday (April 11) that it has launched a series of product updates that help riders get around without the need for a vehicle. In a blog pos t, Uber Chief Executive Dara Khosrowshahi said to meet that end, Uber Bike by JUMP is expanding to Washington, D.C. The service, which was first piloted in San Francisco earlier in 2018, will enable residents and visitors to Washington, D.C. to find and book a JUMP pedal-a
Chris Skinner
APRIL 11, 2018
Things we’re reading today include … PayPal Makes a Move Toward Traditional Banking Bank of America Says It Will Stop Lending to Military-Style Gunmakers UK interest rates should be raised without delay, says Bank’s McCafferty – as it happened Bank of America: Tech stocks could be headed for regulatory-driven collapse … The post Things worth reading: 11th April 2018 appeared first on Chris Skinner's blog.
Bank Innovation
APRIL 11, 2018
Enterprise blockchain provider Ripple has made a $25 million investment in blockchain startup, Blockchain Capital, the company announced today. The growth of Blockchain Capital’s fund, which is now hovering at $150 million, will help support entrepreneurs and startups in the space. Ripple’s own investment will also be used to “provide an opportunity to identify new […].
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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.
Bobsguide
APRIL 12, 2018
Compliance with legislation is a basic condition for all businesses. However, few industries are as regulated as the financial sector. Since the financial crisis, the volume of regulations has grown exponentially, and market participants now find themselves operating in a minefield of various legal.
PYMNTS
APRIL 9, 2018
Payments and commerce company PaySimple announced its latest integration into a third-party service provider. The firm announced it is integrating its payments processing capabilities, PaySimple AppConnect, into Profit Rhino, a mobile sales tool and pricing service platform for in-the-field service providers like home services and repairs. While the integration means Profit Rhino users will be able to accept payments on-site, PaySimple is also providing additional back-office features to the por
Chris Skinner
APRIL 8, 2018
Things we’re reading today include … China is at risk of a banking crisis, the Bank of International Settlements has found How crooks are using a legal app to steal your bank card details in under one SECOND UK challenger bank gives up banking licence to focus on fintech Nationwide … The post Things worth reading: 9th April 2018 appeared first on Chris Skinner's blog.
Bank Innovation
APRIL 12, 2018
EXCLUSIVE— BBVA is looking to create a platform ecosystem as it continues to grow its relationships with startups and fintechs, Jose Fernandez da Ponte, head of global business development and new ventures, BBVA Digital, told Bank Innovation. “We are very curious about the way banks can be used as platforms,” Fernandez da Ponte told Bank […].
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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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