Bank Innovation
NOVEMBER 20, 2017
EXCLUSIVE—Banks need to start integrating with more fintech services and building out more products through APIs, FI.SPAN CEO Lisa Shields told Bank Innovation, before regulations on open banking start to cramp what FIs can build. “What we are betting our business on, is that there is a massive opportunity for banks to innovate,” Shields said. […].
Chris Skinner
NOVEMBER 23, 2017
There’s a constant buzz about disruption, which kind of sounds like destruction to me. We have to realize that no one is going to destruct or even possibly disrupt banks. No one. It has not happened in my lifetime of working with technology in banks, and I don’t think it … The post Data is the new currency appeared first on Chris Skinner's blog.
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Payments Dive
NOVEMBER 21, 2017
While this period brings great opportunity for retailers, it also creates considerable challenges. Retailers must respond to evolving behaviors and manage huge increases in footfall, but still deliver the exceptional in-store experience consumers demand.
PYMNTS
NOVEMBER 24, 2017
With the holiday shopping season in full swing, retailers are facing a new challenge: extra shipping fees during the busiest weeks. The Wall Street Journal reports that United Parcel Service (UPS) is adding on a surcharge to packages shipped to homes around Black Friday and the week before Christmas in a move to compel retailers to send their orders outside those peak periods.
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Bank Innovation
NOVEMBER 22, 2017
EXCLUSIVE–With global payments service SWIFT gpi (global payments innovation) finishing up its first active year, how is SWIFT planning to push the service forward in 2018? The banking infrastructure provider will be moving gpi forward through new partnerships and new projects, most notably API capabilities, Stephen Grainger, managing director, head of North America for SWIFT, […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
NOVEMBER 21, 2017
Finxact's Dan McKinney believes financial institutions are finally starting to make it easier for consumers to interact with them on a smartphone.
PYMNTS
NOVEMBER 22, 2017
Artificial intelligence (AI) doesn’t walk and talk like C3P0 of “Star Wars” (many would say: “Thank God”). It doesn’t mask murderous intentions with a calming voice like HAL of “2001: A Space Odyssey.” It’s not the manically depressed, paranoid android Marvin of “Hitchhiker’s Guide to the Galaxy.” It’s not a beautiful but cunning killer like Ava of “Ex Machina.”.
Bank Innovation
NOVEMBER 22, 2017
EXCLUSIVE – The latest in PayPal’s busy week: the payments company is now letting users create an invoice through the Facebook Messenger service, expanding on its recent partnership with the social media platform to enable P2P payments through Facebook’s chat service. In a corporate blogpost yesterday afternoon, PayPal announced that it would now let sellers create […].
Chris Skinner
NOVEMBER 19, 2017
I was recently at a Capital Markets conference in Turkey where the main first day keynote speaker is Professor James A. Robinson from the University of Chicago and co-author of Why Nations Fail, a book that changed thinking about what makes for successful countries and what makes them fail. I had … The post Why Nations Fail appeared first on Chris Skinner's blog.
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Payments Dive
NOVEMBER 24, 2017
ICXA Managing Director Christopher Hall muses about customer experiences that are cashless, staffless and have no gaps in covering customers everywhere they go.
PYMNTS
NOVEMBER 22, 2017
There will certainly be many sales to choose from once the Thanksgiving dinner dishes have all been cleared and the Black Friday festivities begin at retail locations nationwide. But this year, there is something slightly different in the mix. We are about to have a very connected Christmas. Or, more appropriately, a very connected New Year – on the assumption that most people will be shopping for gifts that won’t get their first official test drives until the last week of 2017.
Bank Innovation
NOVEMBER 22, 2017
Norwegian banks are coming together to merge their payments. According to Reuters, the purpose behind this merger is to combat competition from global payment companies, perhaps ones like PayPal or Square Cash to name a few. DNB, banking group Eika, Sparebank 1 Gruppen and others will merge their respective payment systems Vipps (mobile payment app), […].
Chris Skinner
NOVEMBER 21, 2017
I spent a day facilitating a series of roundtable discussions focused upon distributed ledger technologies (DLT). I realised that there’s a lot of confusion around the subject. Hell, even I’m confused most of the time even after dedicating hours to the subject. When is a distributed ledger needed? What’s the … The post Why distributed ledgers aren’t working (yet) appeared first on Chris Skinner's blog.
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Accenture
NOVEMBER 20, 2017
In “Paradise Lost”, 17th-century English poet John Milton describes two types of warriors: One group are “employed in sporting games and exercises” and “sing in the valleys”, while the other group “rend up both rocks and hills”, “make wild uproar” and “ride the air in whirlwind”. Milton’s bifurcation also applies to the modern-day payments industry.
PYMNTS
NOVEMBER 21, 2017
With Europe only weeks away from PSD2 taking effect, Fiorano Software is debuting its solution for financial institutions (FIs) in the region to comply with the directive. The company revealed its new solution on Monday (Nov. 20), Fiorano PSD2, a platform for FIs across the EU to ensure compliance with PSD2, built on the company’s existing API Management capabilities and banking integration management tools.
Bank Innovation
NOVEMBER 20, 2017
Spanish bank BBVA will integrate a biometric authentication feature into its mobile app, allowing users to log into their app via iris scan. The feature, announced today, will use Samsung’s iris scanning technology, recently updated along with its other biometric capabilities, according to the company. The company’s iris recognition feature is part of a suite […].
Chris Skinner
NOVEMBER 21, 2017
I still talk a lot about blockchain, distributed ledgers, cryptocurrencies and more, but often feel it’s falling on deaf ears. The price of bitcoin flies around in the $7,000 a coin bracket, having risen from a tenth of that amount a year ago; and many people talk about blockchain and … The post The long and winding road … to the blockchain appeared first on Chris Skinner's blog.
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Bobsguide
NOVEMBER 21, 2017
Chris Gledhill, CEO of Secco Aura and frequently referenced as one of the top 10 fintech influencers, speaks to bobsguide about going beyond 'incremental innovation' towards genuine, irreversible disruption. How did you get into banking? I started off on the tech side with a.
PYMNTS
NOVEMBER 24, 2017
Good news for small- and medium-sized businesses (SMBs): Spending growth at mom and pop shops has outpaced that of the big chains in both of the past two years. According to Bloomberg reports on Wednesday (Nov. 22), purchasing patterns research from Sarah Quinlan, senior vice president at payment processing giant Mastercard Inc., found that when Americans aren’t shopping online, they’re looking for more personal connections and the advice they can receive from local SMBs.
Bank Innovation
NOVEMBER 21, 2017
Consumers still aren’t comfortable receiving notifications like late payment reminders through social media channels, a study released today by FICO found. While more and more consumers are growing used to conducting their daily financial needs via digital channels, things like mobile or chat apps or social media remain an “inappropriate place” to send notifications for […].
Chris Skinner
NOVEMBER 20, 2017
Things we’re reading today include … Brexit Pushes EU Bank Regulator Into Arms of Continental Suitors The Future Of Banking Is In The Palm Of Your Hand When the last bank leaves town ‘We’ve been badly served by banks’: the small firms seeking ethical banking Increase in disgruntled employees stealing confidential … The post Things worth reading: 20th November 2017 appeared first on Chris Skinner's blog.
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Insights on Business
NOVEMBER 22, 2017
The changes we see in the global payments landscape, driven by innovative technologies, are fundamentally changing the industry, but they come with a brand new set of challenges. Over the past decade, sophisticated fraudsters have learned to rapidly scale up their attacks, making them more skilled at exploiting payment systems. The same technology that has helped change the world of payments has also fueled fraud complexity, requiring an increasingly sophisticated anti-fraud response – pay
PYMNTS
NOVEMBER 22, 2017
Intuit announced its Q1 FY2018 earnings this week, posting better-than-expected results for the firm and highlighting growth fueled by QuickBooks. “We are off to a strong start growing first-quarter revenue 14 percent and exceeding our overall financial targets,” Intuit chairman and chief executive officer Brad Smith said in a statement.
Bank Innovation
NOVEMBER 20, 2017
EXCLUSIVE- Royal Bank of Scotland becomes the first bank in the U.K. to go live with an investment robo-advisor under its NatWest Bank brand, RBS said in a release today. Starting today, the digital service is available to NatWest Bank’s five million customers through NatWest Invests‘ platform online. Since the tool is geared towards “customers […].
Chris Skinner
NOVEMBER 19, 2017
This week’s main blog headlines are … Old John Cryan had some code, AI, AI, Oh! There are two big tech topics in banking these days, namely Artificial Intelligence (AI) and Blockchain. These two tech titans are changing the back office of banks into intelligent shared structures that will be … The post The Finanser’s Week: 13th November – 19th November 2017 appeared first on Chris Skinner's blog.
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