Bank Innovation
FEBRUARY 26, 2018
EXCLUSIVE – This month, my company, Royal Media, was robbed. This was a civilized heist, mind you. No guns were involved, no one got hurt?—?in fact, not a sound was even heard. It was a faceless theft, as well. Its discovery started with an innocuous question by a colleague: “Do you have a Walmart credit.Read More.
Chris Skinner
FEBRUARY 26, 2018
I just read an interesting new report from Deloitte about blockchain. They tracked the history of 86,034 blockchain projects hosted on GitHub since 2009 to pull out “key lessons” on where the blockchain industry is going and its long-term prospects. Here are some of the highlights: More than 26,000 blockchain … The post 9 out of 10 blockchain trials go nowhere appeared first on Chris Skinner's blog.
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Payments Dive
FEBRUARY 27, 2018
Mark Baunach, global financial services consulting industry leader at Dell EMC, discusses how blockchain and emerging technologies will reshape the financial services industry over the next decade.
PYMNTS
MARCH 1, 2018
Banking and financial services firm HSBC says its blockchain-based trade finance solution is ready to launch — in pilot phase, at least. According to Wednesday (Feb. 28) reports by the Global Trade Review , the bank’s senior innovation manager, Joshua Kroeker, held a media call and announced that after developing the trade finance solution for about two years, HSBC is “confident enough to actually do a live transaction” using its blockchain technology.
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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.
Bank Innovation
FEBRUARY 28, 2018
EXCLUSIVE – Everything in banking is changing: fintechs are solidifying their place in the financial ecosystem, as challenger banks, online lenders, and blockchain technology providers become essential functions to keep the industry moving forward. As the innovations of these startups seems set to continue, 2017 seemed to mark the year that banks set themselves with.Read More.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
FEBRUARY 27, 2018
The Purchase, New York-based card network has already helped MNOs such as Vodafone Ukraine, Digicel Group in the Caribbean, Viettel Telecom in Vietnam and Taiwan's Chunghwa Telecom to roll out various services related to digital payments.
PYMNTS
MARCH 1, 2018
Commercial payments provider FLEETCOR Technologies, Inc. announced news on Thursday (March 1) that it has entered a pilot program with enterprise blockchain solution firm Ripple and Cambridge Global Payments , the international payments provider focused on B2B and owned by FLEETCOR. The companies said in a release that under the terms of the agreement with Ripple , Cambridge — which processes more than $20 billion in B2B cross-border payments annually, across 13,000 business clients — will pilo
Bank Innovation
FEBRUARY 26, 2018
The words “fast”, “affordable”, and “hassle-free” are seldom used in conjunction with financial products. However, broader trends are revolutionizing how companies deliver new experiences and engage with customers across the industry. Today’s business differentiators, such as the use of chatbots to automate interactions with customers, are possible due to the advances in technology provided by.Read More.
Chris Skinner
MARCH 1, 2018
As mentioned yesterday, I always get a new take on life when I come to Africa, and this visit is no exception. I’m chairing conferences where a range of start-ups, telco’s and banks are talking about their experiences and views. Halfway through the dialogue, a lightning bolt cracked through my … The post A unified model of banking the unbanked appeared first on Chris Skinner's blog.
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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
MARCH 2, 2018
It's time for a look back at last month's most-read articles and blog posts on Mobile Payments Today.
PYMNTS
MARCH 1, 2018
NACHA and the Interactive Financial eXchange (IFX) Forum have announced plans to combine their organizations to improve the development of standardized Application Programming Interfaces (APIs). The partnership, which is expected to be finalized at the end of the first quarter, will speed up the creation and rollout of standardized banking APIs. “The powerful combination of IFX Forum’s established leadership in financial industry standards, along with additional technical expertise in the area o
Bank Innovation
FEBRUARY 27, 2018
Make way for a new digital challenger bank. U.K.-based lender Virgin Money said it will offer current accounts and savings products. In its earnings call today, Virgin Money said it will begin testing these products later this year and has already spent £38.3 million ($53.3 million) over the past year developing this digital bank. According.Read More.
Chris Skinner
FEBRUARY 28, 2018
I was talking the other day to a colleague about the phenomenon in Asia, India, Africa and South America taking place with mobile payments and the lack of take-up in the USA. Why is this, I wondered? Then got my answer, although it isn’t a singular factor but a combination … The post Apple Pray: why has Apple Pay failed? appeared first on Chris Skinner's blog.
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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.
Payments Dive
MARCH 1, 2018
In our latest case study with the leading Vietnamese telco Mobifone, we find that this is not the case. Download the case study and find out how launching carrier billing for Google Play increased Mobifone's ARPU by 130%!
PYMNTS
MARCH 2, 2018
For their alleged roles in a massive stock fraud and money laundering scam involving a Picasso, the U.S. Department of Justice has criminally charged 10 defendants. Prosecutors named U.K.-based Beaufort Securities Ltd and two of its managers, among others, in the case, according to news from Reuters. Prosecutors said Beaufort and managers Peter Kyriacou and Vinesh Canaye manipulated the prices of U.S. stocks through “pump-and-dump schemes,” while hiding their ownership in the companies.
Bank Innovation
FEBRUARY 27, 2018
EXCLUSIVE – Mastercard has teamed up with cloud-based payment processor Dream Payments to provide Canadian insurance group FairFax Financial digital disbursements capabilities. The offering is a first of its kind in the Canadian insurance market and speaks to the Mastercard’s larger strategy of digitalizing payments that are traditionally not digital like check payments, Zahir Khoja,Read More.
Chris Skinner
MARCH 2, 2018
The Governor of the Bank of England, Mark Carney, has slammed the rise of cryptocurrencies insisting the costs to mine bitcoin is ‘enormous‘ and that the energy consumption is worrying, declaring current costs of electricity consumption used to mine the coins are “double the electricity consumption of Scotland.” The UK’s leading … The post Mark Carney slams bitcoin appeared first on Chris Skinner's blog.
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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
Bobsguide
FEBRUARY 28, 2018
This year, two new pieces of legislation will come into force that will transform data management within UK banks. The first, the Payment Services Directive (PSD2), sets out to create a new era of openness; requiring banks to allow Third Party Providers (TPPs) direct access to customer payment.
PYMNTS
FEBRUARY 28, 2018
DICK’S Sporting Goods — one of the United States’ major gun retailers — has decided it no longer wants to be in the business of selling assault-style weapons like the one used in the Parkland, Florida, high school shooting. While the retailer is limiting its stock, DICK’S has also decided it will no longer sell high-capacity magazines that allow shooters to fire more rounds than a traditional weapon would without having to stop and reload.
Bank Innovation
MARCH 1, 2018
Scrapegators, what’s that? According to Malauzai Software, that’s the term used for vendors that “scrape” digital banking apps on the internet to gather data and then provide that data to fintechs. In other words, they are aggregators. Think Mint, Yodlee and Intuit, who, according to Malauzai Software’s Monkey Insights February 2018 report, are the largest.Read More.
Chris Skinner
FEBRUARY 27, 2018
I recently wrote this piece for Raconteur’s Sunday Times supplement, and thought it might interest The Finanser’s readers: ‘When we in the West look to America for innovation, we are looking the wrong way’ I often talk about the world of change we are going through and how Europe and America are … The post Don’t look to America for innovation 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
FEBRUARY 26, 2018
Watch the video. It’s clear: Customer Experience is the battleground for banks, insurance, and financial services companies. Pressures from fintech competitors, regulators, cybercriminals threaten the relationships incumbent banks have built with their customers. Today’s challenges, require bigger ideas and better thinking—bringing cloud, cognitive, blockchain, even quantum computing technologies to the table as viable solutions to meet the enterprise-wide transformation imperative.
PYMNTS
FEBRUARY 27, 2018
Imagine a coffee shop. In this imaginary coffee shop — let’s call it Mooncheddar — there are tables and chairs, a service counter staffed by hip, young millennials with half-shaved heads, delicious and ethically sourced coffees, pastries baked in-house, free WiFi and even mobile ordering. Mooncheddar sounds like it has it all. But would you eat and drink there if the restrooms were filthy?
Bank Innovation
FEBRUARY 28, 2018
EXCLUSIVE–Is Square quietly building the P2P app that will take Venmo’s crown? With seven million active monthly users in December 2017, according to its fourth quarter earnings yesterday, the company’s Square Cash app—launched in 2013—is more popular than one might have thought; In any case, Square has not previously released usage numbers for the mobile.Read More.
Chris Skinner
FEBRUARY 27, 2018
Things we’re reading today include … The Rothschild banking dynasty is about to be passed to the 7th generation India gives its fraud-hit banks a 15-day ultimatum Africa’s banks are doing what U.S. banks aren’t: winning Hawk or dove? Bitcoin is forcing central banks to take sides | Howard Davies … The post Things worth reading: 28th February 2018 appeared first on Chris Skinner's blog.
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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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