Chris Skinner
SEPTEMBER 25, 2018
I’m working on my next book already. Digital Human only came out a few months ago, and here I am off already on a new one. I’m not going to share too much about it yet, as it won’t come out for two years, except to give you some clues on … The post Which banks do ‘get IT’? appeared first on Chris Skinner's blog.
Payments Dive
SEPTEMBER 27, 2018
There are three major problems that are keeping the blockchain out of the mainstream: poor reputation, lack of education and lack of full solutions.
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Bank Innovation
SEPTEMBER 24, 2018
Varo Money has selected the Swiss software provider Temenos as its core for its new digital bank. The challenger bank has already received preliminary approval from the OCC on its application for a national banking charter and will begin the building out the digital bank soon. Bank Innovation has reached out to Varo Money about the launch date for […].
PYMNTS
SEPTEMBER 27, 2018
Western Union is reportedly considering a sale of its business payments operation, unnamed sources told Bloomberg on Wednesday (Sept. 26). The sources said a deal could give Western Union a $500 million boost, and that the institution plans to start discussing a sale with potential buyers in a few weeks. They noted, however, that Western Union has not definitively decided to sell its business payments unit and that its plans remain confidential.
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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
SEPTEMBER 23, 2018
I talk about 1,000s of start-up companies doing one thing brilliantly well, and was looking for an anecdote that might help me talk about this better … and found one. It goes like this: A ten-year-old boy decided to study judo, despite the fact that he had lost his left … The post What’s your one move? 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.
Bank Innovation
SEPTEMBER 26, 2018
Half of all bank leads are not followed up, and millions of irrelevant offers are mailed at great expense to people who throw them straight in the garbage. Why is this? If you ask CRMNext CEO Joe Salesky, it's because of inadequate CRMs. (In case it wasn't clear from his company's name, Salesky sells CRMs.) […].
PYMNTS
SEPTEMBER 27, 2018
Origins are all the rage in modern life: origin stories, family origins via DNA and digital ancestry databases. Add to that Walmart ’s latest effort to gain more grocery market share: using blockchain technology to trace the origin of the food sold by the retailer back to the farms from which it came. The idea is to introduce more transparency into the process, which could serve to prevent outbreaks of foodborne illnesses and encourage consumer trust of the grocery goods on Walmart shelves.
Chris Skinner
SEPTEMBER 26, 2018
Good question, and it all depends on the revenue forecast. However, if you want to get an idea, a new survey from Moorlands Human Capital, an executive recruitment search and consulting company, has a view. That’s because they asked 500 FinTech companies how much they pay the CEO? And it … The post How much is a FinTech CEO worth? appeared first on Chris Skinner's blog.
Payments Dive
SEPTEMBER 28, 2018
This case study focuses on how Telepin was able to help a large Signapore telecommunications company provide mobile financial services to an economically diverse clientel.
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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
Bank Innovation
SEPTEMBER 26, 2018
The second day of Finovate Fall in NY kicked off with a socially oriented demo from Russian digital-only bank Tinkoff, which debuted a “stories” feature within its mobile app. The customer engagement and marketing tool differs from the feature available on popular social networking apps like Facebook and Instagram in that it does not have […].
PYMNTS
SEPTEMBER 24, 2018
Digital commerce channels are presenting new opportunities for bad actors, making cybercrime a colossal problem for companies of all sizes. All told, U.S. businesses and consumers lost more than $1.4 billion in 300,000-plus reported cyberattacks last year, according to the Federal Bureau of Investigation (FBI). Perhaps more troubling, however, is digital fraud’s projected future.
Chris Skinner
SEPTEMBER 27, 2018
I blog a lot about banks needing to change and adapt. I do not blog about the end of banks and I do not predict that banks will be destroyed. I do predict that banks that do not change and adapt will be destroyed, and I do predict that banks … The post Breaking through the barricades appeared first on Chris Skinner's blog.
Payments Dive
SEPTEMBER 28, 2018
Host Will Hernandez discusses the future trends for mobile payments and banking, that was learned at the Bank Customer Experience Summit.
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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.
Bank Innovation
SEPTEMBER 27, 2018
INV Fintech, this site’s sister accelerator, today unveiled a new partnership with Chinaccelerator, a leading startup accelerator in Shanghai, China. Chinaccelerator is a mentorship-driven program helping internet startups from around the world cross borders. It is run by the venture fund SOSV, which has $400 million assets under management and operates six accelerators.
PYMNTS
SEPTEMBER 24, 2018
What can you say about a cryptocurrency that shows a meteoric rise, surging more than 80 percent in a day? That maybe … you wished you had some in hand? Beyond that, we’re talking about cryptocurrencies, so the question must be posed, as always, when separating hope from hype: Is it different this time? That means looking into not just “what” happened, but also “why” it happened.
Chris Skinner
SEPTEMBER 24, 2018
I’m often asked how I got into FinTech. It’s an interesting question as I’ve been involved in Finance and Technology all of my life. Back in the day, it wasn’t called FinTech. It wasn’t cool. It was just boring old tech in banking. Interestingly, for almost a quarter century, tech … The post Are banks serious about fintech? appeared first on Chris Skinner's blog.
Payments Dive
SEPTEMBER 25, 2018
Online fraud is becoming more and more sophisticated. One of the results of this arms race is the recent surge in ATO – account takeover – attacks, a form of fraud which is particularly difficult to detect. In 2017, ATO led to $5.1 billion in losses, a staggering 122% increase over the $2.3 billion lost in 2016.
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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
SEPTEMBER 28, 2018
More than three quarters of the UK are concerned about sharing financial data with organisations other than their bank, according to a recent poll by market research body, YouGov. Of those surveyed, 77% said they were concerned around data sharing, with 45% saying they didn’t understand the.
PYMNTS
SEPTEMBER 24, 2018
Before there was Alexa , Bixby , Siri and Google Assistant , there was Emma Nutt. Emma Nutt, born in 1860 in a small town in Maine, was hired by Alexander Graham Bell in 1878 to be the world’s first female telephone switchboard operator. When Bell’s invention — the telephone — was first introduced, phones were sold in pairs, and calls could be made between those two parties only.
Chris Skinner
SEPTEMBER 22, 2018
The main blog headlines are … Over the next decade, over $2.5 trillion will be generated by blockchain trade I just saw a report from the World Economic Forum, who estimate that over $1 trillion in new trade will be created through blockchain-based distributed ledger technologies (DLT) over the next … The post The Finanser’s Week: 17th September – 23rd September 2018 appeared first on Chris Skinner's blog.
Payments Source
SEPTEMBER 27, 2018
It could be tempting to pick the easiest pricing option to understand and move on. But other times, more complex pricing options can really help businesses save money, writes Angelo Grecco, chief business development officer for CardConnect.
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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
SEPTEMBER 25, 2018
In banking today, we’re seeing a seismic shift - big banks and tech players are moving their approach from products to services. Doing so offers more flexibility, faster go-to-market agility, and a better consumer experience. “As-a-service” as we know it has already.
PYMNTS
SEPTEMBER 24, 2018
Whether in Australia, India, Europe or the United States, mobile phones aren’t just driving interconnectivity, but are the key channel driving innovation in payments and commerce. Still, even in this digital world, where everyone and everything is connected via mobile, going global can be tough for a company looking to expand its operations abroad. Payments landscapes in different regions can vary greatly, and to succeed, businesses need to know the ropes.
Chris Skinner
SEPTEMBER 23, 2018
Things we’re reading today include … Barclays chair condemned after claiming many PPI claims are fraudulent Danske Bank board close to appointing new CEO: Finans Fintech pair aim to disrupt industry with investments for millennials Winklevoss crypto exchange explores UK market Revolut hedges Brexit risk with Luxembourg licence Debts, over-stretched … The post Things worth reading: 24th September 2018 appeared first on Chris Skinner's blog.
Payments Source
SEPTEMBER 24, 2018
Zelle doesn't require a bank or credit union to participate in its network to allow it to receive funds; so even Zelle holdouts will see some activity on their accounts. This allows credit unions to compare members' demand to usage, and to determine whether signing up with Zelle is worth the tradeoffs.
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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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