Bank Innovation
MARCH 19, 2018
Spanish bank BBVA will be testing its invisible payment strategy in-house, allowing employees and staff to use an app to pay for purchases without taking out their wallets, the bank announced today. These invisible payments will be rolled out for testing at “Ciudad BBVA,” the campus that houses the bank in Madrid, Spain. The testing.Read More.
Chris Skinner
MARCH 21, 2018
I know that we deal with quite complicated things in financial technologies. AI, AGI, ASI (Artificial Intelligence, Artificial General Intelligence, Artificial Super Intelligence); machine learning and deep learning; blockchain, shared ledgers and distributed ledger technologies; cryptocurrencies, virtual currencies and digital currencies; Open Banking and Open APIs; and so on and … The post How quantum will change everything (including banking, money and security) appeared first on Chris
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Payments Dive
MARCH 23, 2018
The future state of self-service is turning the kiosk into a stand-alone store, and secure payment is one of the services that needs to be offered for it to be effective, says Ingenico's John Menzel, who recently shared his insights on EMV compliance in self-service.
PYMNTS
MARCH 23, 2018
In financial services today, security and innovation can work with each other, and against each other. FinServ cybersecurity is, of course, a prime target for innovation. But customers’ constant demand for cutting-edge products and services is adding to the load of already heavy security burdens. At the same time, providers must ensure a positive, consistent customer experience.
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Bank Innovation
MARCH 20, 2018
Paris-based banking startup Lydia is looking to become a “meta-banking app” that will allow customers to find several financial products in its hub, TechCrunch reported today. The app, which currently offers peer-to-peer payment services, will also be launching “Lydia Premium,” a subscription-based service for users who wish to access these features.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
MARCH 22, 2018
Macy's has recognized the characteristics of its target shopper and is committed to offering her a more personalized experience, as well as mobile checkout and a virtual furniture design experience.
PYMNTS
MARCH 22, 2018
The New York Times wrote in April 2017 that the U.S. was in the throes of an epidemic for which there was not only a cure, but one that would cure every single adult suffering from it. The disease: medication nonadherence. According to data from the National Association of Chain Drug Stores , as many as 30 percent of prescriptions are never filled, and 50 percent of those prescribed for chronic diseases don’t take their medication properly.
Bank Innovation
MARCH 19, 2018
EXCLUSIVE – Think the bitcoin craze has died down? Think again. A new report shows that six out of 10 people with no current exposure to cryptocurrencies would consider including altcoins and bitcoin in their investment portfolios. The report released last week by deVere Group also shows that seven out of 10 people currently investing.Read More.
Chris Skinner
MARCH 21, 2018
Last year I wrote about the ten year ticking timebomb, and I thought I’d come back to it as my mind has moved on a bit. That’s why I now talk about three minutes to midnight. Midnight is when it’s too late for the bank to change their systems into … The post It’s three minutes to midnight appeared first on Chris Skinner's blog.
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Payments Dive
MARCH 20, 2018
Mary Hines, the global head of rewards for Citi, is scheduled to give the opening keynote for the conference.
PYMNTS
MARCH 19, 2018
Despite the nearly continuous drumbeat of doom and gloom from the world of physical retail, there is, according to Affirm CRO Rob Pfeifer, something of a curious side phenomenon unfolding at the same time: Online brands – famous and famously successful online brands – are branching out into physical retail. “Brands are moving to the real world for a reason,” Pfeifer said.
Bank Innovation
MARCH 22, 2018
UK-based fintech Revolut’s newest product is a “disposable” virtual card, a product that was designed with fraud protection in mind, the fintech announced today. The card, which sits inside Revolut’s mobile app, wipes a user’s details and resets them after every payment. The startup, which has applied for a European banking license, currently has about.Read More.
Chris Skinner
MARCH 20, 2018
Twenty-five years ago (yes, I am seriously old!) I was a consultant to insurance companies and banks talking about Business Process Re-Engineering (BPR). The thrust of my focus was to redesign the company from a customer-centric view first. The consultancy did get business but rarely achieved this objective, as no … The post Do bankers believe the Sun goes around the Earth?
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Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.
Payments Dive
MARCH 19, 2018
Transform Economics, Scale and Efficiency of Reconciliation Operations
PYMNTS
MARCH 19, 2018
Whether friendly fraud or genuine fraud, for merchants and card issuers, the impact is growing and comes with a host of negative consequences for the entire ecosystem — especially customers. Lost revenues and chargebacks. Friction. Bad customer experiences. And sometimes — in the case of friendly fraud — relationships severed altogether. To that end, on Thursday (March 15) Ethoca debuted its Integrated Solution Suite, which spans offerings across Ethoca Eliminator, Ethoca Alerts and Enhanced Rep
Bank Innovation
MARCH 19, 2018
EXCLUSIVE— Most consumers in the United States stubbornly cling to their plastic payments, even as customers in other countries — see China — increasingly embrace at a steady rate mobile and other digital forms of payment. This could be due to the fact that, as many in fintech have stated, the card infrastructure in the.Read More.
Chris Skinner
MARCH 19, 2018
Things we’re reading today include … RBS works up plans for standalone digital bank FCA calls for global effort to speed up fintech growth Aldermore to push into business banking following FirstRand takeover Catching cyber-crooks From Wall Street to weed: How the financial crisis lit up the pot industry U.S. bans … The post Things worth reading: 20th March 2018 appeared first on Chris Skinner's blog.
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Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.
Payments Dive
MARCH 23, 2018
TNSPay Mobile helps to increase your revenue and improve your merchant's satisfaction with a robust and secure solution that simplifies deploying and managing wireless POS terminals. Enjoy flexibility while maintaining full program control. Download this product sheet to learn more.
PYMNTS
MARCH 19, 2018
Credit card skimmers are a headache for fuel retailers, but there is more than one way that fraudulent actors can target fleet spend. In addition to stolen credentials and skimmed cards at the fuel point-of-sale, employees are often able to overspend with their commercial fleet card products, or file fraudulent expense reports. These tactics cast a wide net of fraud over the fleet card industry – from issuers and acquirers to fleet managers, employers and employees themselves.
Bank Innovation
MARCH 22, 2018
As data security and usage becomes more of a hot topic for businesses in 2018, most financial executives are feeling positively about the cybersecurity at their institutions, a report by IBM Resilient found. Of the 2,848 respondents surveyed for the study (released last week, IBM’s third annual on “cyber resilient” organizations), 72% felt their organization.Read More.
Chris Skinner
MARCH 22, 2018
I used to be on the Judging Panel for the Cards & Payments Awards but dropped out a few years ago as my travel schedule got too gruelling to give any time. Nevertheless, I’m always interested to see who wins and why, so here’s this year’s winners: Industry Achievement Award … The post The best plastic out there (Cards & Payments Awards) appeared first on Chris Skinner's blog.
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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
MARCH 19, 2018
It’s been a full day at IBM Think, and while Ginni’s much-anticipated keynote is tomorrow, there are no shortages of learning, networking, and, food! A few highlights that were some of the more notable happenings at the first full day of Think: Announcement of the world’s smallest computer. At IBM Research’s Science Slam, the world’s smallest computer, smaller than the size of a grain of salt, was announced.
PYMNTS
MARCH 22, 2018
Online and mobile banking interfaces have become must-have features for financial institutions in the digital age. Fifty-five percent of Americans have a full-service banking app on their phone, and 16 percent check these apps at least once per day. Customers think of these digital offerings as crucial to their banking decisions. More than 50 percent reportedly believe it’s important for banks to provide mobile deposits, P2P services and account openings.
Bank Innovation
MARCH 20, 2018
Artificial intelligence startup Digital Reasoning has raised $30 million from a group of major banks, in a round led by French bank BNP Paribas. The other investors include U.K.’s Barclays, Square Capital, Goldman Sachs, Nasdaq, Lemhi Ventures, HCA, and the Partnership Fund for New York City. The U.S. based Digital Reasoning was launched in 2012.
Chris Skinner
MARCH 21, 2018
Things we’re reading today include … What’s Your Bank Learning From Your Cell Phone? Deutsche Bank Falls as CFO Warns of Securities Unit Headwind Economists promote low-volatility cryptocurrency backed by dollars EU launches £4.4bn tax raid on tech giants Europe’s banks told to keep planning for full Brexit in 2019 … The post Things worth reading: 22nd March 2018 appeared first on Chris Skinner's blog.
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