Chris Skinner
MAY 10, 2018
I just presented at a conference focused upon smaller banks. How can they respond to the digital change? Many of them came up with a whole load of barriers to change. Here are the things that cropped up: We have too much to do Yep, small financial firms are busy … The post Small bank thinking appeared first on Chris Skinner's blog.
Bank Innovation
MAY 7, 2018
Conversational banking has been a hot topic in the space since early 2017, and that trend doesn’t seem to be going anywhere in 2018. At the center of this phenomenon is artificial intelligence company Kasisto and its co-founder and CEO, Zor Gorelov. Based in New York, Kasisto is still riding the wave of its successful […].
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Payments Dive
MAY 11, 2018
Bank of America's Head of Digital Banking Michelle Moore and PayPal CEO Dan Schulman each made separate comments the past couple of weeks about the future of digital payments in the U.S. The problem is that right now, they're way off.
PYMNTS
MAY 10, 2018
Synchrony Financial announced today (May 10) that it will acquire Loop Commerce , the digital gifting platform used by retailers to make every product giftable. Using Loop’s GiftNow feature, consumers shopping for someone else at a participating retailer can send any product to any recipient using only their email address and then schedule a time for that item to be delivered, including in real time.
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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
MAY 9, 2018
I just listened to a presentation by Nick Thompson, editor-in-chief at Wired, about all things in the future of tech. A lot of it was focused upon Artificial Intelligence and Machine Learning towards the end, but the first half was interesting as it focused upon why there is a backlash against Silicon … The post Tech firms will be regulated like banks in future 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
MAY 10, 2018
Dan Puterbaugh, senior legal advocate for Adobe, discusses the opportunity for the underbanked and unbanked to break into the financial mainstream.
PYMNTS
MAY 11, 2018
Robots aren’t going to take over the world, but humans could use them for some scary stuff. That’s Amazon CEO Jeff Bezos’s take on artificial intelligence (AI), according to CNBC. And in the wake of Google ’s latest tech revelation, many experts are agreeing with him. Google revealed its human-sounding AI assistant Google Duplex during this week’s I/O conference.
Chris Skinner
MAY 8, 2018
I have several friends in the FinTech world whose views I respect, and one of those is Steve Lemon, a co-founder of Currencycloud. He recently sent me this viewpoint, which I think is worth sharing. Enjoy! Is the weak link in alternative banking cross-border payments? by Steve Lemon, VP, Corporate … The post Is the weak link in alternative banking cross-border payments?
Bank Innovation
MAY 9, 2018
Chatbots are great for personal interactions with banks, but the camera may soon provide an even more powerful tool for gauging customer sentiment. How? By reading the expression on a customer's face, the way another human would. Seems unbelievable, right? Not according to Raghu Rajah, vice president of digital banking, engineering and product management at […].
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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
MAY 8, 2018
Mobile Payments Today is preparing the 2018 edition of the Mobile Wallet Comparison Guide. If your company provides a mobile wallet, you're eligible for a free listing in the guide.
PYMNTS
MAY 11, 2018
Americans could stand to get a few more hours of rest each night. According to the CDC , about one-third of all Americans between the ages of 18–70 are not getting the recommended 7–8 hours of sleep a night — or, in a lot of cases, even getting close to it. “As a nation, we are not getting enough sleep,” Wayne Giles, MD, director of CDC’s Division of Population Health, said in the study, before noting that Americans need to change their lifestyles (going to bed at the same time each night, risin
Chris Skinner
MAY 7, 2018
Today marks the day, finally, when Digital Human is available globally through Amazon, Google and all other online outlets. It was slightly delayed for release in Europe and America whilst the publishers were switched, but today it is finally online for all to order and receive within a day or two. … The post Two minutes on the future life of digital humans appeared first on Chris Skinner's blog.
Bank Innovation
MAY 8, 2018
Fintech startups have taken note of the vast opportunity in the SME space, which has been underserved by banks since the financial crisis. Add to this the growing number of freelancers and independent contractors, and the market becomes even more attractive. “Small businesses are extremely profitable banking customers,” Trevor Dryer, CEO of Mirador, an SME […].
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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.
PYMNTS
MAY 9, 2018
As restaurant operators seek to bolster sales in the face of weak traffic growth, Yum! Brands’ Pizza Hut is bringing beer delivery to approximately 100 of its restaurants in California and Arizona. The restaurant chain had begun testing the service in Phoenix back in December, Reuters reported. The new rollout will include cities such as Tucson, Prescott and Winslow in Arizona, and Los Angeles, Bakersfield, Sacramento and Santa Barbara in California.
Chris Skinner
MAY 5, 2018
The main blog headlines are … Cryptocurrencies are not currencies I’ve been watching the rollercoaster ride of cryptocurrencies very carefully for the last year, and it only struck me today that these are not currencies … yet. Apart from a few novelty vendors and merchants who put bitcoin on their … The post The Finanser’s Week: 30th April 2018 – 6th May 2018 appeared first on Chris Skinner's blog.
Bank Innovation
MAY 8, 2018
Facebook has formed a team to tackle blockchain initiatives. And it has put the former PayPal President David Marcus in charge of the effort. Marcus's involvement implies that the blockchain effort might have some financial services implications. Last December, Marcus joined the board of Coinbase, the cryptocurrency exchange. Facebook announced a whole slew of executive changes […].
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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
PYMNTS
MAY 11, 2018
Coupa has rolled out enhancements to its business spend management (BSM) solution, the firm revealed this week. The enterprise spend management company announced at its annual Inspire conference the addition of voice activation using Amazon Alexa to manage inventory, locate items, and reorder stock. This feature, via Coupa Inventory, is available only in an Early Access Program (EAP).
Chris Skinner
MAY 8, 2018
Things we’re reading today include … Recession won’t come until at least 2021, Bank of America Deutsche Bank Weighs Cutting U.S. Staff by About 20% Chinese banks are big. Too big? As Cryptocurrencies Rise, Who Needs Banks? Swedish fintech group iZettle to seek $1.1bn valuation in IPO RBS boss tells … The post Things worth reading: 9th May 2018 appeared first on Chris Skinner's blog.
Bank Innovation
MAY 11, 2018
SANTA CLARA, Calif. - Largely triggered by Google's demo showing Google Assistant imitating human voice to book a hair appointment (see here; it’s pretty impressive), the chatter on Day 3 of FinovateSpring here was all about conversational banking. Many banks are adopting conversational chatbots, but there is still no equivalent of Amazon's Alexa or Google's Assistant […].
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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
MAY 8, 2018
“Political risk? SAD!” With the global economy continuing to grow steadily without evidence of a strong upsurge in inflation, recent market corrections have increasingly been driven by concerns about political developments. Whether these appear in the form of a tweet from the US.
PYMNTS
MAY 10, 2018
Wells Fargo announced news on Thursday (May 10) of the launch of Pay with Wells Fargo, a new service for its mobile app that brings payment options to the home screen of the app before a customer must log in. In a press release , the bank said customers can select their most commonly used payment method, including Zelle , mobile wallets, Card-Free ATM Access code and transfers, without having to sign into the app.
Chris Skinner
MAY 7, 2018
Things we’re reading today include … Denmark’s Danske Bank caught up in major money laundering scandal ‘We want to get cash out of the system’ with mobile payments, Bank of America’s digital chief says Why Bank of America is funding rifle maker despite pledge to end gun support RBS boss … The post Things worth reading: 8th May 2018 appeared first on Chris Skinner's blog.
Bank Innovation
MAY 10, 2018
SANTA CLARA, Calif. – Day 2 of FinovateSpring has come and gone, and curiously, there were still no demos from a blockchain-focused fintech. Among the 54 fintechs that demoed here over the last two days, more than half showcased products and services that used artificial intelligence in some shape or form, but none of the […].
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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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