Chris Skinner
AUGUST 14, 2018
I haven’t written about blockchain for a while. I guess it’s because I got bored of it. I’m not bored of the promise of blockchain and distributed ledger technologies. Just bored of how much hype there has been and of so many companies claiming to have the latest blockchain breakthrough. … The post Do we need a blockchain? appeared first on Chris Skinner's blog.
Bank Innovation
AUGUST 15, 2018
Large banks, e-commerce moguls like Amazon and eBay and tech firms are likely to enter the alternative lending space, and soon, according to Eden Amirav, co-founder, and CEO of startup LendingExpress. In markets like Australia, this is already happening. National Australia Bank set up its own alternative lending arm called QuickBiz Loans back in 2016.
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Payments Dive
AUGUST 13, 2018
FSS achieves automation of payments process for a leading bank under PUNGRAIN project
PYMNTS
AUGUST 16, 2018
Belgium, which is home to many European Union (EU) institutions, is also a burgeoning FinTech hub. The country has the fifth-highest number of FinTech deals in Europe, according to an analysis from Belgium-based European FinTech platform B-Hive. The average FinTech deal size in the region is doubling, but B-Hive noted a decrease in the number of deals.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
Chris Skinner
AUGUST 14, 2018
I was listening to Andrew Keen, digital sceptic, giving a keynote at a conference. He was lambasting the way in which the internet had developed, and the fact that it had gifted power to a small, select few companies, who own the world. Apple, with its trillion-dollar valuation, could buy … The post Zuckerberg, Gates, Bezos, Ma & Co are destroying the world 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
AUGUST 17, 2018
Host Will Hernandez, discusses machine learning, with Kount VP of Marketing, Don Bush. Will also chats with Cherryh Cansler, editor of FastCasual, about mobile ordering and the restaurant industry.
PYMNTS
AUGUST 16, 2018
All you need is a hot idea and some funding. All you have to do is listen to what consumers say they want. The big players have an inherent advantage. Meetings suck the creativity out of any worthwhile project. Those are some of the common myths of innovation , and they apply to the payments world. At best, they are superficially true, ne’er-do-well siblings of cliché.
Chris Skinner
AUGUST 16, 2018
On Wednesday, the UK’s Competition and Markets Authority published the first survey of whether retail or small business customers would recommend their bank to family and friends. The information must be published by the bank in their branches, website and apps, and is pretty embarrassing for some and good for others. … The post Forcing banks to tell customers their ranks appeared first on Chris Skinner's blog.
Bank Innovation
AUGUST 13, 2018
Baxter Credit Union, based in N.J., has found a new solution to an old, and costly problem. David Brydun, vice president of consumer lending, exclusively told Bank Innovation that the financial institution has partnered with Checkbook.io on a digital check issuance solution that utilizes blockchain. “A lot of what goes on in digital lending is […].
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Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.
Payments Dive
AUGUST 14, 2018
Mary Hines, managing director of customer engagement and innovation at Citi, gave the opening keynote in Chicago Monday at the annual CONNECT: The Mobile CX Summit and spoke about how the rising interaction between consumers and their mobile devices
PYMNTS
AUGUST 15, 2018
The founder of crypto startup Savedroid , which just raised $50 million in an initial coin offering (ICO), posted two photos on his Twitter account a few months ago — one of him at an airport and another one of him at the beach. The caption? “Thanks guys! Over and out.” While it seems that Savedroid Founder Yassin Hankir pulled off a fake “exit scam,” the real ones are becoming a problem.
Chris Skinner
AUGUST 16, 2018
For all the negative views of technology, the positive is that it is enabling and inclusive. This is what Digital Human explores in depth. The main critique of my book is that it is too optimistic about the future of technology, and should be more balanced. Nevertheless, after yesterday’s post … The post Technology is improving the world, not destroying it appeared first on Chris Skinner's blog.
Bank Innovation
AUGUST 14, 2018
Realtime payments are at the top of the innovation wish list for most banking professionals. According to a survey from TD Bank, released today, 42% of payment professionals cited integration of realtime payments system as the number one factor that could have the greatest impact on the industry. Support for realtime payments is steadily increasing […].
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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.
Payments Dive
AUGUST 13, 2018
While the expanding range of Internet-of-Things (IoT) enabled devices and cloud services is meeting consumer demand, are these technologies creating undefended gaps in security for cybercriminals to exploit? This infographic looks at whether this is a real concern.
PYMNTS
AUGUST 14, 2018
In technology, innovation, of course, is as critical as oxygen, fueling the “next big thing” and boosting top and bottom lines. And shoring up that “next big thing” comes with patent filings, part of the arsenal of protecting intellectual property, shepherding concept to reality. And, according to Cipher , a data insights firm based in the United Kingdom, in FinTech, the patent race is one that is seeing some clear winners, among them large tech firms, with traditional banks trailing.
Chris Skinner
AUGUST 13, 2018
I keep thinking about the future internet and the ideal of creating a network where no one controls anything. It may sound silly, but it is developing already. In fact, in HBO’s excellent series Silicon Valley, the guys at Pied Piper recently did a pivot to try to create exactly … The post Decentralisation demands data safes appeared first on Chris Skinner's blog.
Bank Innovation
AUGUST 17, 2018
As head of online and mobile banking at BBVA Compass, Alex Carriles is always thinking of ways to increase customer interaction via digital channels by catering to an existing customer need, instead of creating a new one. This is what led to the addition of its latest mobile banking feature, a financial tool that lets […].
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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.
Payments Dive
AUGUST 16, 2018
One of the overriding themes from this year's event held in Chicago was an emphasis on design, whether it's a mobile app, a loyalty program, or delivery options.
PYMNTS
AUGUST 16, 2018
Zoho , the maker of an operating system for businesses, announced on Thursday (Aug. 16) that it will automatically import Uber for Business trip receipts into Zoho Expense, its expense reporting and tracking software. In a press release , Zoho said that with direct integration between the Uber and Zoho apps, business travelers don’t have to manually forward Uber receipts to Zoho Expense.
Chris Skinner
AUGUST 16, 2018
Things we’re reading today include … RBS could move BILLIONS abroad over hard Brexit fears Banks Are Eyeing $1.5 Trillion in Credit Card Secrets Research suggests bigger banks are worse for customers TSB online banking goes down again as customers complain after another outage Seven out of 10 people in … The post Things worth reading: 17th August 2018 appeared first on Chris Skinner's blog.
Bank Innovation
AUGUST 17, 2018
Bank Innovation has learned that Crédit Agricole, a €1.76 trillion ($2.01 trillion) bank headquartered in France, has achieved 70% digitization of its service offerings among its worldwide network of banks throughout Europe and North Africa. A spokesperson at the bank said the financial institution network hopes to achieve 100% digitization of its services by the […].
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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.
Payments Dive
AUGUST 16, 2018
Long-term structural trends mean that retailers must address decreasing revenues and escalating costs, while evolving the in-store experience to meet the demands of the connected consumer. For this reason, transformative technologies such as mobile scan-and-go solutions are coming to the fore, with deployments across the world gaining momentum.
PYMNTS
AUGUST 16, 2018
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Fortumo ’s rollout of direct carrier billing in Sweden. In addition, Australia Post is deploying a multilane payment solution from Verifone , and MySQUAR has rolled out a soft-launch of a remittance service. Estonia -based tech firm Fortumo unveiled direct carrier billing and SMS messaging in Sweden, the company said in an announcement.
Chris Skinner
AUGUST 14, 2018
Things we’re reading today include … Global ATM hack could see millions withdrawn warns FBI Esure founder to stay on ‘until they think I’m past it’ after £1.2bn sale Lord Thomas of Macclesfield obituary Sir Peter Wood makes £360m from esure sale Card payment problems at Marks & Spencer Goldman … The post Things worth reading: 15th August 2018 appeared first on Chris Skinner's blog.
Bank Innovation
AUGUST 16, 2018
The demand for P2P payments does not seem to be slowing anytime soon. A study released today by research firm Aite and Early Warning, owner of the bank-based P2P firm Zelle, found that P2P payments will triple by 2020. In the U.S. alone, Aite projects “over 300% growth from 2015 to 2020—from $100.3 billion to $316.6 billion” […].
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