Chris Skinner

OCTOBER 19, 2017

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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Conference Fintech Management Technology 372

Bank Innovation

OCTOBER 20, 2017

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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Millennials Report Online Mobile 312

Payments Dive

OCTOBER 19, 2017

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.

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Security Payments 305

PYMNTS

OCTOBER 17, 2017

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.

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Payments Software Fintech Compliance 217

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Chris Skinner

OCTOBER 20, 2017

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.

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Bitcoin Conference cryptocurrency Digital Banking 327

Payments Dive

OCTOBER 17, 2017

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 239

Mobile Study 239

PYMNTS

OCTOBER 20, 2017

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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blockchain cryptocurrency Bitcoin Technology 210

Chris Skinner

OCTOBER 18, 2017

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.

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Bitcoin blockchain Fintech Payments 305

Bank Innovation

OCTOBER 17, 2017

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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blockchain Bitcoin Conference Innovation 282

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Analysis

Payments Dive

OCTOBER 20, 2017

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?

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Google Payments 199

PYMNTS

OCTOBER 16, 2017

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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Technology Innovation ATM Resources 200

Chris Skinner

OCTOBER 17, 2017

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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Case Study Study 300

Bank Innovation

OCTOBER 19, 2017

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 […].

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Lending Fintech Online Mobile 277

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Lending

Insights on Business

OCTOBER 18, 2017

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.

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Training social media Data Examples 152

PYMNTS

OCTOBER 20, 2017

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.

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Payments Retail America Marketing 180

Chris Skinner

OCTOBER 16, 2017

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.

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Examples Marketing 204

Bank Innovation

OCTOBER 19, 2017

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 […].

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Bitcoin Groups US blockchain 275

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Operations

Payments Dive

OCTOBER 17, 2017

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.

Case Study 150

Case Study Study Payments 150

PYMNTS

OCTOBER 18, 2017

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.

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America Analytics Tools Management 179

Chris Skinner

OCTOBER 15, 2017

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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Technology 186

Bank Innovation

OCTOBER 16, 2017

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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cryptocurrency Report Compliance Online 275

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Analysis

Bobsguide

OCTOBER 16, 2017

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.

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Lending Mobile Fintech Company 115

PYMNTS

OCTOBER 17, 2017

For all of the commotion about Brexit, it appears as though London’s reign over the world of FinTech may be secure — even after the U.K. officially exits the EU. Research published last month in the Z/Yen Global Financial Centers Index (GFCI), and reported in Reuters, found that London remained the world’s top financial hub, surpassing New York City, Hong Kong and Singapore — despite market volatility and uncertainty over Brexit.

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Fintech Industry New York City New York 159

Chris Skinner

OCTOBER 16, 2017

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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Leadership 178

Bank Innovation

OCTOBER 18, 2017

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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blockchain Innovation cryptocurrency Online 273

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