Sat.Dec 16, 2017 - Fri.Dec 22, 2017

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The Top FinTech Trends of 2017 … were they?

Chris Skinner

The other forecasting I made at start of year concerned the big FinTech trends of 2017. Again, I thought it might be of interest to revisit them. Removing friction from the customer journey I guess this is a given, and wasn’t a big trend of 2017 … just a big trend … The post The Top FinTech Trends of 2017 … were they? appeared first on Chris Skinner's blog.

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Bank Innovation’s Picks for Top 5 Trends in Fintech in 2017

Bank Innovation

EXCLUSIVE — The year of 2017 has been marked with more than a few good and not-so-good trends: but we’ll stick to fintech. Aside from the important events like record-level funding for fintechs across the globe, cryptocurrency mania, Coinbase entering the Unicorn club at a $1.56B valuation in the last quarter, there have been some […].

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Passport, the technology business for city transit systems, raises $43 million

PYMNTS

Passport, company that’s managing much of the technical aspects of how people pay to use public transportation resources in cities like London, Miami and Los Angeles, has just raised $43 million. The money, from Bain Capital Ventures, will go to help the company expand its payment and transaction services nationally and internationally. Read More.

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Carrier billing in Central & Southern Africa: market report by Fortumo

Payments Dive

This market report of 2017 gives an overview of the mobile payments landscape in Africa, looking at the digital ecosystems of Nigeria, South Africa, Kenya, Uganda, Ghana, Mozambique, Cote d’Ivoire and Senegal.

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Back to Basics with Reconciliations

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.

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91% of consumers have no idea what Open Banking is

Chris Skinner

I was moderating a panel discussion about Open Banking and the panel’s opening was some research presented by Steve Ogborn and Benedict Ireland of the Unlimited Group. The guys said that only 9% of consumers had heard of Open Banking. That means 91% had no idea what it was. Even … The post 91% of consumers have no idea what Open Banking is appeared first on Chris Skinner's blog.

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More Trending

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Big Data For Big Returns At Retailers Big And Small?

PYMNTS

“Half the money I spend on advertising is wasted; the trouble is, I don’t know which half.”. That’s a quote from department store maven John Wanamaker, illustrating a conundrum for retailers (and merchants in general): Namely, you’ve got to reach out to consumers if you are going to convince them to buy your wares. But reaching out involves time and money — both precious commodities.

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Digital Transformation - Optimized User Experience & Application Performance

Payments Dive

A recently completed study by EIQ Research and InfoVista found that while the top two business challenges enterprises face on their digital transformation journey are business agility and cloud migration, they almost universally believe their WANs cannot currently meet those demands. View the infographic to learn more!

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Change my bank? Not on your nelly!

Chris Skinner

I had a realisation the other day: banks are brilliant. Everyone says they hate banks, but I love them. In fact, I think most people secretly love their bank. They just don’t like to admit it. After all, when did you last change your bank? Not open another bank account, … The post Change my bank? Not on your nelly! appeared first on Chris Skinner's blog.

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Altcoin Litecoin Reaches All-Time High

Bank Innovation

Another cryptocurrency is reaching an all-time high. This morning, the cryptocurrency Litecoin reached $360.93, according to CoinMarketCap. According to a Forbes report, this brings the crypto coin’s year-to-date (YTD) gain above 8,000%. Currently, at 10.45 AM ET, the altcoin LTC dipped a little trading at $349.42, according to CoinMarketCap. It has a market capitalization of […].

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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

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

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Using AI And Machine Learning To Make Payments Faster, Safer

PYMNTS

What do track and field stars, NASCAR drivers and millions of businesses owners around the United States have in common? They all have an appreciation for speed. While more speed may mean more endorsement money for athletes, it means faster settlements and more efficient business for commercial banking customers. With a growth in demand, banks and FinTechs are working to give business owners the speed they need.

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KBC Bank Increases Productivity & Reduces Costs with Skype for Business

Payments Dive

With Ipanema, KBC delivers excellent quality of experience to Skype for Business and Microsoft Office 365 users, increasing productivity and reducing telecom costs by 20%. Strong user adoption resulted in supporting 140k sessions a week across 15k users and boosted teleworking capability.

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Did my 2017 predictions come true?

Chris Skinner

Back in January, I made 10 predictions for 2017. Let’s see how near or off the mark they were: The FinTech buzz continues, but not in the USA (look East) WRONG. According to KPMG’s Pulse of FinTech report, Q3 2017, I’m wrong. Asia was doing ok but nowhere near as … The post Did my 2017 predictions come true? appeared first on Chris Skinner's blog.

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How AI Will Change Banking (and Everything Else) [AUDIO]

Bank Innovation

AI is taking over the world. From self-driving cars to personal finance and even AI fitting rooms, it is hard to avoid AI’s looming effect on us all. Artificial Intelligence it is already operating in banking, even if customers don’t recognize it. From chatbots giving budgeting tips to fraud monitoring systems noticing anomalous activity on […].

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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

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.

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Holiday Tunes with a T1D Spin

PYMNTS

We asked our readers to give their favorite holiday tunes a T1D spin. Here are some lyrics for all to enjoy: The Night Before Christmas with Type 1 Diabetes. ‘Twas the night before Christmas, when all through the house, Not a creature was stirring, till the CGM alarm did rouse; The testing supplies were stocked by the bedside with care, In hopes that a finger prick soon would be there.

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Foundation for Digital Transformation - Optimized User Experience & Network Readiness

Payments Dive

A recent IT executive survey conducted by EIQ for InfoVista revealed that while consumer industries pay attention to digital transformation initiatives, they need to place equal importance on backend processes and tools to support digital transformation. These process include network readiness, cloud migration, and security.

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Happy holidays and one last piece of 2017 news

Chris Skinner

Merry Christmas and a Happy New Year everyone. That’s 2017’s blogging over for me. Back on January 2, 2018, with more news about my new book coming out in March, Digital Human. A few comments: “Skinner presents a compelling vision of the future of financial services expertly set in ten-thousand years … The post Happy holidays and one last piece of 2017 news appeared first on Chris Skinner's blog.

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Video Guide Download Install and Configure MDT 8450

Bank Innovation

I downloaded MicrosoftDeploymentToolkit_x64.MSI and installed it on SCCM CB 1711 preview lab environment. There are 32 and 64 bit versions of MDT 8450 available. This version (build 6.3.8450.1000) of the Microsoft Deployment Toolkit requires Windows 10 ADK build. In this post, we will see how to Download Install and Configure MDT 8450. More Videos – Subscribe the YouTube channel here […].

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Is Your Current Card Platform Holding You Back?

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

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How The Subscription Boom Can Detail Expense Management

PYMNTS

Employee fraud is a monumental issue, especially for small businesses (SMBs) without resources to track every penny workers spend. But that fraud is only part of the problem stemming from a lack of visibility into corporate spend. In addition to employee expenses, another key challenge for companies is the money they spend, and sometimes waste, on subscription services.

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Dixons Carphone

Payments Dive

Imagine innovative apps on an in-store wireless tablet. They smoothly guide the sales journey, offer persuasive proof points and find deals to match customers' exact needs. Now suppose that setup needs more bandwidth than is available to many stores and there's no time for a network upgrade. Dixons Carphone used Ipanema.

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The Finanser’s Week: 11th December – 17th December 2017

Chris Skinner

This week’s main blog headlines are … Look East for innovation I often talk about faster horses and how banks think digital is doing banking cheaper and faster. It’s all about efficiency and effectiveness. So, I was asked the other day: where is the car? After all, it’s easy to … The post The Finanser’s Week: 11th December – 17th December 2017 appeared first on Chris Skinner's blog.

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PayPal Invest in German Deposit Fintech, Raisin

Bank Innovation

Berlin-based savings deposit marketplace Raisin has received capital from payments company PayPal, which will be used to push the fintech’s growth in the market. The amount of funding, described as a “strategic investment” by PayPal, remains undisclosed. However, the backing by PayPal joins a €30 million ($35 million) round the fintech raised earlier this year […].

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It Takes Two to Tango

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.

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Using Communication To Make Your Brand Unforgettable in 2018

PYMNTS

Image courtesy of Pixabay Today I am pleased to share with you a guest post by Julian de Sevilla with PATlive. An effective customer service solution has always been a tool that helps businesses stand out. However, customers recently have come to expect more from businesses in terms of service, forming a landscape that’s saturated with options, and thus hyper-competitive.

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FSS Payment Trends for 2018

Payments Dive

Five themes are driving change in payments today. Individually they have a significant impact on the way we pay. Combined, these effects are amplified, creating a powerful force on the payments landscape.

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Things worth reading: 21st December 2017

Chris Skinner

Things we’re reading today include … Bitcoin lottery launches in Ireland Top 10 Retail Banking Trends and Predictions for 2018 Tandem’s Takeover of Harrods Bank Approved by Bank of England BNY Mellon freezes $22 billion in Kazakhstan assets: source Bank’s olive branch increases chance of Brexit deal City can live … The post Things worth reading: 21st December 2017 appeared first on Chris Skinner's blog.

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Donors Gave $22M in Crypto to Fidelity Charity Arm in 2017

Bank Innovation

Givers to mutual fund investment company Fidelity’s charity arm, Fidelity Charitable, have donated $22 million worth of bitcoin this year. The charity will accept donations in bitcoin until December 22, according to the company. Donations in crypto through the month of November represented about $11 million, Fidelity Charitable said. It has since seen that figure […].

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3 Ways Managed Device Services Help Community Banks Cut Costs

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