Payments Dive
NOVEMBER 20, 2018
As cyber attackers develop more sophisticated methods of attacking online sites, security experts and retailers are increasingly focused on protecting mobile shopping and payment platforms to ensure a safe holiday season.
Chris Skinner
NOVEMBER 22, 2018
Something happened to me this week that made me think of big bank friends. It’s a different industry and one that, last month, I said we could learn from:the airlines. So, here’s a sobering, learning lesson. I’m a gold member of most airline networks, having flown Star Alliance and One World for … The post What banks can learn from British Airways appeared first on Chris Skinner's blog.
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Bank Innovation
NOVEMBER 19, 2018
The number of financial technology companies is on a rise, and every year many of these new companies as well as established ones choose to situate themselves in cities that are not San Francisco or New York. In some cases, the establishment of one powerful player in a region automatically turns a place into a […].
PYMNTS
NOVEMBER 22, 2018
In Sweden, the move to a cashless society has been marked by a quickened pace. Might there be speed bumps ahead, though? The New York Times said cash is being left by the wayside, in favor of digital payments, so quickly that the government is reportedly “recalculating the societal costs of a cash-free future.”. The reconsideration comes, according to the Times , as half of Sweden’s retailers have said they will stop accepting hard currency within the next few years.
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Payments Dive
NOVEMBER 23, 2018
Consumers relied on their smartphones to find the best deals on Black Friday.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Insights on Business
NOVEMBER 19, 2018
Artificial intelligence is changing the game. According to Stanford professor Andrew Ng , AI is the “new electricity,” already generating billions in value as it transforms industries such as IT, health care — and now financial services. Both fintech firms and traditional enterprises are on the brink of significant disruption as companies leverage the rapid insights generated by AI in banking to drive demonstrable outcomes in customer experience, risk management and cost efficiency.
PYMNTS
NOVEMBER 19, 2018
It has not been a great week for the price of bitcoin, or really any cryptocurrency for that matter. The price of bitcoin has fallen and stayed below $6,000 for the last four days and no one’s predicting a rally anytime soon. The fall comes after a long and uncharacteristically uneventful lateral motion in the bitcoin market where it seemed $6,000 was the stable floor price of bitcoin.
Payments Dive
NOVEMBER 20, 2018
This market report gives an overview of the mobile payments landscape in the Nordic countries: Sweden, Denmark, Finland and Norway.
Chris Skinner
NOVEMBER 22, 2018
I was in the middle of a conversation about how to change the bank, when we started talking about the boardroom issue. As many of you will know, I often reference the fact that, according to research, over nine out of ten bank boardroom members have never had a job … The post Ten chairs: how to change the bank appeared first on Chris Skinner's blog.
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Bank Innovation
NOVEMBER 20, 2018
Signs point to more difficult economic times ahead. The future is always uncertain, but banks must prepare now, and this may spell trouble for innovation teams. Wells Fargo & Co. recently notified about 1,000 employees in its Consumer Banking and Payments, Virtual Solutions and Innovations groups of the bank’s plans to eliminate their positions.
PYMNTS
NOVEMBER 19, 2018
Smartphones are now more ubiquitous than laptops and desktops. As many as 86 percent of modern consumers own a smartphone, and 23 percent of them shop on their mobiles. Many eTailers are looking to cash in on the smartphone’s ubiquity by optimizing their mobile sites, making it easier for consumers to navigate, find and pay for items. For bottom-performing merchants, mobile checkouts are an even higher priority.
Insights on Business
NOVEMBER 21, 2018
In today’s financial services industry, issues ranging from new regulations to unforeseen competitive pressures are placing ever-growing pressure on traditional banking institutions to move toward open banking models. To address this need, IBM introduced the IBM Open Banking Platform. The IBM Open Banking Platform is a software suite that helps accelerate a financial institution’s digital transformation through modular tools based on industry standards, is built on Kubernetes, and guided by Bank
Chris Skinner
NOVEMBER 18, 2018
The 11th of November. 11 November. 11/11. Not 9/11 or 5/11. 11/11. For Europeans and Americans, 11/11 means the end of the First World War. The Allies sat down and signed the Armistice Agreement with the Germans at 11:00 (Paris time) on 11th November, 1918, in Compiègne and ended the … The post OMG!!! Did you see #Alibaba’s Singles Day numbers???
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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.
Bank Innovation
NOVEMBER 21, 2018
The U.S. is still far from a cashless society, but something important is nonetheless changing in this regard -- consumer perception. Digital payments have a long way to go in the U.S., mainly because checks, particularly in the business world, are still nearly ubiquitous. And when it comes to the retail world, cash is still […].
PYMNTS
NOVEMBER 21, 2018
Algorithms are taking on more of the data and security work for financial institutions (FIs), with technologies such as data mining and business rules management systems (BRMS) finding popularity among banks and credit unions. However, fewer institutions have made the move to true artificial intelligence (AI), with funding and even misunderstanding about the technology serving as challenges to the wider acceptance of AI.
Payments Source
NOVEMBER 19, 2018
Earlier this year Ripple announced that it has dedicated $50 million toward the University Blockchain Research Initiative, partnering Ripple with 17 universities around the globe from the U.K. to Brazil, with the aim of accelerating new innovations in blockchain and cryptocurrencies.
Chris Skinner
NOVEMBER 19, 2018
Emmanuel Macron faced protesters across France during the weekend, in a country where he has been dubbed The President of the Rich. What interests me is that title. The President of the Rich. Are not all governments, the governments of the rich? Isn’t that why we have the 99% for, … The post The 1% will always get richer appeared first on Chris Skinner's blog.
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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.
Bank Innovation
NOVEMBER 21, 2018
Amazon is pushing retailers to accept yet another digital wallet at the point of sale -- its own Amazon Pay, which until now has been used almost entirely in the e-commerce world, according to a report in the Wall Street Journal. Brick-and-mortar retailers view the Seattle-based commerce giant Amazon as a direct competitor, so this move […].
PYMNTS
NOVEMBER 21, 2018
Drugstore owner Walgreens Boots Alliance is in preliminary discussions with health insurer Humana about possibly taking equity stakes in each other. The companies already have a partnership that serves seniors from two Walgreens locations. Now, citing sources familiar with the matter, The Wall Street Journal ( WSJ ) reported that Walgreens and Humana are having wide-ranging talks that include expanding that venture.
Bobsguide
NOVEMBER 20, 2018
The transition to the use of digital tools in private banking is drawn by inefficiencies experienced by private bankers. If not dealt with, they will likely impact client satisfaction aside from making the private banker less productive. At the outset, qualified and experienced private bankers are.
Chris Skinner
NOVEMBER 22, 2018
Things we’re reading today include … Monzo and Starling are making banks take mental health seriously Deutsche Bank shares hit record lows as German bank dragged into money laundering scandal Goldman Sachs offers London staff emergency nannies Exclusive: Visa, Mastercard offer tourist card fee cut in EU antitrust probe – … The post Things worth reading: 23rd November 2018 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.
Bank Innovation
NOVEMBER 20, 2018
Alex Carriles, Head of Online Banking, BBVA Compass will speak at Bank Innovation Ignite in Seattle in March 2019 on the Natural Language Banking panel. On this panel, Carriles will be addressing all things pertaining to natural language banking and artificial intelligence, the implications for customer experience, and the solutions to incorporate NLP in your […].
PYMNTS
NOVEMBER 19, 2018
Cargill is a big name in turkeys in the United States: when Americans sit down for Thanksgiving dinner later this week, there’s approximately a one-in-four chance they will be digging into a Cargill bird. The Minnesota-based firm is a an old-school kind of company; founded in 1865, it sells a pretty old-school product, as Americans have been eating turkey on Thanksgiving Day since the 1800s.
Payments Source
NOVEMBER 21, 2018
There's never a good time to expose customer data, but the incident Amazon disclosed Wednesday could upend two major events: Black Friday/Cyber Monday and a reported effort to get merchants to accept Amazon at the point of sale.
Chris Skinner
NOVEMBER 21, 2018
Things worth reading today include … Amazon hit with major data breach days before Black Friday ABN seeks UK licences to ward off Brexit threat Westpac chief executive blames bank’s ‘culture’ for ignoring Asic – as it happened Stamp duty revenue in England down 10% on a year ago Noel … The post Things worth reading: 22nd November 2018 appeared first on Chris Skinner's blog.
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