Sat.Oct 14, 2017 - Fri.Oct 20, 2017

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Why bankers only see horses and technologists are creating cars

Chris Skinner

I was at a large bank’s wealth management conference recently, where the CEO was being quizzed about various areas including a lot about technology and FinTech. He made several statements that I noted with interest: “Roboadvisory services improves our speed-to-market and human productivity, but does not replace humans. In particular, … The post Why bankers only see horses and technologists are creating cars appeared first on Chris Skinner's blog.

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Monetizing Venmo Could Lead to Millennial Trouble for Zelle (and Banks)

Bank Innovation

EXCLUSIVE— Is Zelle in trouble? PayPal’s third quarter earnings, specifically the quarterly results of its popular P2P app Venmo, seem to suggest that the answer is yes. The banks’ Venmo challenger is growing quite well, reporting just over $30 billion in transactions for the first half of 2017, but the app in question had a […].

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How QR codes are changing e-commerce

Payments Dive

The QR code – which has had a wild ride – is going to both speed up the e-commerce payment experience and make it more secure.

Security 305
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Chase Acquires WePay Payments Platform

PYMNTS

Can big banks be nimble of foot when it comes to FinTech? One giant — JPMorgan Chase & Co. — is taking some definitive steps on that stage. JPMorgan announced today (Oct. 17) it is acquiring payments platform WePay. The combination will create an ecosystem of platform developers and small businesses, powered by WePay’s ability to integrate payments functionality into software and fueled by Chase’s global reach, small business product portfolio and network of 4 million small businesses.

Payments 217
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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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A global currency is coming, whether you like it or not

Chris Skinner

Continuing yesterday’s discussions about a big bank’s conference, I was intrigued at how often the subject of cryptocurrencies and bitcoin came up. But there again, it’s a topical thing at the moment with the price of bitcoins surging past the $4,000 mark and Goldman Sachs going against JP Morgan, and saying that … The post A global currency is coming, whether you like it or not appeared first on Chris Skinner's blog.

Bitcoin 327

More Trending

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Mobile wallets: In a lull or never really a thing?

Payments Dive

A study from JPMorgan Chase and Forrester Consulting concludes that both consumers and merchants are taking a break from adopting digital wallets as they wait for the "next wave of progress.

Mobile 236
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Mastercard Begins Offering B2B Blockchain Tech

PYMNTS

On Friday (Oct. 20), Mastercard announced news that it will be opening up access to its blockchain technology through its developer’s API. Initially, the technology will be made available for B2B transactions, specifically to address the demands of cross-border payments. Mastercard is not the only firm delving into blockchain. The company joins Google, Overstock, Citi and Goldman Sachs in embracing the distributed ledger technology.

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The truth about bitcoin

Chris Skinner

It’s been an interesting few weeks, watching bitcoin’s rollercoaster ride as it rises to valuations over $4,000 and then dives to almost $2,000 before rising again to near $6,000. This is for an asset that just a year ago you could have purchased for a few hundred dollars. The rise … The post The truth about bitcoin appeared first on Chris Skinner's blog.

Bitcoin 305
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Blockchain Yes, Bitcoin Not So Much, Bernanke Says

Bank Innovation

EXCLUSIVE–Former Fed Chairman Ben Bernanke may see blockchain’s potential for payments innovation, but that innovation isn’t going to involve cryptocurrenices. This is according to remarks made by Bernanke during the Swell Ripple conference yesterday, an event that’s being taking place at same time and city (Toronto) as the SWIFT Sibos conference.

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State of AI in Sales & Marketing 2025

AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.

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Will smart speakers lead to smarter payments?

Payments Dive

With the explosive growth of the Internet of Things, and particularly of smart speakers like the Amazon Echo and Google Home, voice commands are becoming more powerful and pervasive than ever, changing the way we do everything from checking the weather to scheduling a doctor's appointment. But what about voice shopping?

Google 197
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The Secret World Of APIs

PYMNTS

From an acronym known mostly by programmers in the early 2000s to something thousands of innovators have embraced to ignite numerous innovative solutions, it’s been an electric journey for the application program interface (API). According to David Koch, chief commercial officer at financial services provider FI.SPAN — a company that build an API-based platform to connect FinTechs and corporate customers to financial institutions (FIs) — APIs have unleashed an incredible number of opportunities

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The truth about Ant Financial …

Chris Skinner

I finally finished writing my new book. I’m not going to say too much about, except that you should buy it when it comes out. It’s very good. But then I would say that, wouldn’t I? A key theme in the new book is financial inclusion and, to those ends, … The post The truth about Ant Financial … appeared first on Chris Skinner's blog.

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Banks Need to Play Catch Up with Amazon And Other Tech Giants When it Comes to Open Banking

Bank Innovation

EXCLUSIVE—Tech giants have already figured out open banking, and more than the growth of fintech firms, this should make financial incumbents nervous. “You don’t need a banking license, which some of them have, to [create] financial services that people use: services like Amazon Lending, PayPal Credit, whatever it is,” Louise Beaumont, strategic advisor for SapientRazorfish […].

Lending 277
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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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How financial institutions can get started with AI today

Insights on Business

If 2016 was the year artificial intelligence (AI) became a buzzword for the financial services industry (among many others), then 2017 has been more a year of introspection. There’s a growing awareness on the state and application of AI within the industry. AI is not yet a magic switch, particularly for financial institutions (FIs) where data access and security play a critical role.

Training 152
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Alipay, Marqeta Partner To Bring Chinese Payments Stateside

PYMNTS

Marqeta , an open API card issuer, and Alipay , a third-party payment platform popular in China, have announced news of a partnership that will make using Alipay easier in the U.S. Marqeta’s API platform will reportedly ease completion of Alipay’s payments in real time. Alipay has more than 520 million registered users in China, according to the firm.

Payments 180
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Answering the hardest questions in the world

Chris Skinner

I recently stumbled across a marketing campaign being run by UBS, which tries to answer the hardest questions in the world. The questions cover everything from equality to politics and, to illustrate what they are debating, here are a few examples: Why is there such a big gap between the richest … The post Answering the hardest questions in the world appeared first on Chris Skinner's blog.

Examples 204
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ICOs and Token Sales Explained by the ‘Queen of Bitcoin’ [PODCAST]

Bank Innovation

If you’re not sure what an ICO is, well, join the club — but you’re in the right place to find out. Margaux Avedisian of Transform Group stopped by to explain it to us. She is in the business of getting attention to initial coin offerings and token sales, and has been steeped in bitcoin longer […].

Bitcoin 275
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The Role of Automation in Commercial Lending

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.

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Globe case study: increasing carrier billing revenue with Fortumo

Payments Dive

This case study looks at how Globe has increased its revenue from its digital content through carrier billing in partnership with Fortumo: both by enabling server-to-server payments to merchants like Spotify, as well as enabling carrier billing through Fortumos turnkey products for Badoo, Viber, Game Insight and others.

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BofA Enhances The Spreadsheet With APIs, Artificial Intelligence

PYMNTS

In corporate finance, “Excel spreadsheets” is nothing short of a taboo. But a new solution from Bank of America Merrill Lynch is looking to make better use of the notoriously manual tool. The financial institution (FI) announced news on Tuesday (Oct. 17) that it is deploying artificial intelligence (AI) and API technology to integrate its solutions directly with Microsoft Excel.

America 179
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The Finanser’s Week: 2nd October – 15th October 2017

Chris Skinner

The top blog posts of the last fortnight include … The next ten years of technology from Gartner and Skinner I just spotted that Gartner have made a series of ten bold predictions for IT 2018 and beyond. They are summarised nicely by Forbes and are: By 2021, early adopter … The post The Finanser’s Week: 2nd October – 15th October 2017 appeared first on Chris Skinner's blog.

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Russia Will Launch Its Own ‘Cryptocurrency’

Bank Innovation

Russian Minister of Communications and Mass Communications Nikolai Nikiforov has announced that the Russian state will “quickly” issue its own cryptocurrency, called the “CryptoRuble,” as reported by the Russian publication AIF. One segment of Nikiforov’s statement, according to CryptoCoinsNews, reads as follows: I so confidently declare that we will launch the CryptoRuble for one simple […].

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Outsource With Confidence for RDC Program Success

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.

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Does your digital lending go beyond mobile?

Bobsguide

Digitization is very topical at the moment, it has triggered many conversations and its impact in banking has been hotly debated. Financial services seem to be ripe for disruption by the new breed fintech companies for a number of reasons including rapidly evolving customer preferences, declining.

Lending 115
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Mastercard Bids Bye-Bye To The Signature

PYMNTS

Signing at the end of a transaction at the physical point of sale is hardly ever about showing off a consumer’s best penmanship. Often distracted and always in a hurry, buyers typically produce what could only be described as a cross between modern art and a second grader’s early attempts at cursive. And nothing that could ever be mistaken for a proper human name.

Training 153
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Things worth reading: 16th October 2017

Chris Skinner

Things we’re reading today include … A Bank of England rate hike would be ‘extraordinary’ step for Britain’s Brexit economy As the quartet breaks up, central banking leadership flux looms Lloyds shareholders’ court case over HBOS takeover set to begin Can the UK make the most of sukuk, the Islam-compliant … The post Things worth reading: 16th October 2017 appeared first on Chris Skinner's blog.

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Banks Still Aren’t Spending Money on Open Banking (Or Blockchain or Artificial Intelligence….)

Bank Innovation

EXCLUSIVE- APIs and open banking might be becoming more integral to financial institutions, but it doesn’t seem like banks are really working to push innovation in that space That’s according to Bank Innovation’s annual State of Banking Innovation for 2017, where none of the survey’s 151 respondents (the majority of whom are bankers) indicated that […].

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The GTM Intelligence Era: ZoomInfo 2025 Customer Impact Report

ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!