Chris Skinner

SEPTEMBER 18, 2018

It’s interesting that the Global Financial Crisis (GFC) sparked by Lehman Brothers collapse in September 2008 sparked the FinTech revolution, according to some. I personally think FinTech was bubbling away before the GFC but, certainly, the GFC led to massive investment focus upon changing the system (almost $100 billion since … The post How Lehmans collapse started the FinTech fire appeared first on Chris Skinner's blog.

Fintech 375

Fintech System 375

Payments Dive

SEPTEMBER 21, 2018

Regardless of the latest and greatest technology, a successful payments strategy revolves around the consumer experience, and building a strategy requires an understanding of how consumers are engaging with payments on a day-to-day basis.

Payments 358

Payments Strategy Technology 358

PYMNTS

SEPTEMBER 18, 2018

Sixty years ago today (Sept. 18), a San Francisco startup launched by sending roughly 60,000 credit cards to consumers living in northern California. This startup was a bank, and its innovation was a single card that could be used by consumers to purchase things on credit from many different merchants. The card eliminated the need for consumers to establish credit with multiple merchants, then carry multiple cards issued by each of those merchants to pay for purchases over time.

Payments 259

Payments San Francisco Innovation Cards 259

Bank Innovation

SEPTEMBER 19, 2018

It’s been quite a busy year for Germany’s first digital-only challenger bank Fidor. The bank launched two more digital banks this year, and Fidor Chief Commercial Officer Ge Drossaert told Bank Innovation there is yet another bank in the works. “When we build a digital bank, we are creating a digital ecosystem,” said Drossaert. "We […].

Digital Banking 210

Digital Banking Innovation Operations Online 210

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Chris Skinner

SEPTEMBER 20, 2018

I sometimes write blog posts that I actually disagree with. I write it to provoke reactions, and to test my own thinking. As a result, I think I usually annoy people in banks who read my writing but, instead, I actually get a quite a lot of compliments, for testing … The post Why banks have armies of developers appeared first on Chris Skinner's blog.

Digital Banking 347

Digital Banking Fintech 347

PYMNTS

SEPTEMBER 19, 2018

Amazon.com announced Wednesday (September 19) that it launched in Turkey, enabling consumers in the country to shop from millions of products over the internet. In a press release , Amazon said Amazon.com.tr is now live, featuring products in 15 different categories including books, consumer electronics, sports, outdoor, tools and more. “Our mission at Amazon is to be Earth’s most customer-centric company, where customers can find and discover anything they might want to buy online, at great pri

Tools 202

Tools Branding Online Retail 202

Bank Innovation

SEPTEMBER 20, 2018

For Moven, it may be a case of a challenger bank taking over a smaller traditional bank. Marek Forysiak, who was recently appointed CEO of Moven replacing longtime CEO and fintech influencer Brett King, told Bank Innovation the company is deciding on whether it will acquire a smaller bank in the near future. “We entered […].

Innovation 199

Innovation Fintech Company Capital 199

Chris Skinner

SEPTEMBER 17, 2018

I received a really interesting report from the law firm DLA Piper last week. The report is focused upon how blockchain is changing the financial services markets around the world, with the aim of establishing the position of major financial institutions with regards to cryptocurrencies and the use of blockchain … The post A third of banks expect to hold cryptocurrencies on their balance sheets appeared first on Chris Skinner's blog.

cryptocurrency 303

cryptocurrency blockchain Report Marketing 303

Payments Dive

SEPTEMBER 20, 2018

One of the overriding themes from this year's event held in Chicago was how banks will take advantage of the data they receive from AI initiatives to provide a better customer experience.

Customer Experience 244

Customer Experience Chicago Data 244

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Community Bank

PYMNTS

SEPTEMBER 17, 2018

I needed a few outdoor cushions earlier this season and hired a local upholstery shop to make them. This small business is a really small business: a guy working out of a teeny tiny storefront in a little town north of Boston. The shop came highly recommended for the quality of his work and high service levels. The sole proprietor is a hard-working immigrant who’s been in business in this town for 20 years.

Payments 195

Payments Innovation Boston Branding 195

Bank Innovation

SEPTEMBER 17, 2018

The advent of AI technology, with innumerable use cases for financial services, will also have a great impact on cost savings and output for companies. By 2030 the global growth rate for use of automation technology in companies, including fintech and financial services, will stand at 15%. Currently, the global growth rate for use of […].

Study 186

Study Fintech Technology Company 186

Chris Skinner

SEPTEMBER 20, 2018

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 decade. They also estimate it will reduce the global trading gap by $1.5 trillion. Bold claims. Here’s the key … The post Over the next decade, over $2.5 trillion will be generated by blockchain trade appeared first on Chris Skinner's blog.

blockchain 302

blockchain Technology Report Fintech 302

Payments Dive

SEPTEMBER 17, 2018

Card-on-file is fundamental to the digital commerce ecosystem, as it facilitates the delivery of payment methods such as one-click ordering and recurring payments.

Cards 207

Cards Payments 207

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Lending

PYMNTS

SEPTEMBER 21, 2018

Sizzle Of The Week: AR/VR’s Retail Gains. Augmented reality (AR) and virtual reality (VR) have spent much of 2018 generating buzz as a potential tool for retailers looking to bridge the digital/physical gap and deliver an all-encompassing, omnichannel shopping experience. Retailers and merchants — big and small — have come running to the tech. Some of the luminaries on the field include Target , Walmart, Amazon , eBay , Macy’s, Ikea and Airbnb , all of which have made some type of notabl

Samsung 193

Samsung Retail Training Technology 193

Bobsguide

SEPTEMBER 17, 2018

Organisations are met with operational risk wherever they turn. On the one hand, they encounter risks relating to employee behaviour, third parties, statistics and controls. On the other, equally important cultural, moral and ethical risks are also causing disruption.

Fintech 140

Fintech Operations 140

Chris Skinner

SEPTEMBER 16, 2018

There was a big hoo-haa last week when UK Gov released their analysis of a no-deal Brexit. A no-deal Brexit is if we reach 29th March 2019, two years after triggering the exit process and an effective D-Day, without agreeing terms between UK Gov and the European Union. The research … The post What happens to banks if there’s a no-deal #Brexit?

Analysis 302

Analysis 302

Payments Dive

SEPTEMBER 18, 2018

India is the second largest smartphone market in the world. Learn more about the digital ecosystem of the country from Fortumo's latest market report.

Report 199

Report Marketing 199

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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

Cards

PYMNTS

SEPTEMBER 21, 2018

Uber Technologies, the ride-hailing company, is reportedly in early-stage talks to acquire Deliveroo , the food delivery company. Bloomberg , citing people familiar with the plans, reported the deal could be worth several billion dollars. Deliveroo , which is based in the U.K., was most recently valued at greater than $2 billion, noted Bloomberg. Acquiring the startup would be a big effort on the part of Uber to lead in the food delivery market in Europe.

Report 193

Report Company Operations Technology 193

Payments Source

SEPTEMBER 17, 2018

Uber’s corporate existence has jumped from one PR crisis to another, but the company has always been lauded for how seamlessly it handles payments. Until now.

Payments 143

Payments Company Cards 143

Chris Skinner

SEPTEMBER 15, 2018

The main blog headlines are … Ten years since Lehmans collapsed and the GFC started It’s September 14. It’s exactly ten years since Lehman Brothers collapsed. It’s ten years since the touchpaper was lit that sparked the Global Financial Crisis (GFC). It’s exactly ten years since I landed in Vienna … The post The Finanser’s Week: 3rd September – 9th September 2018 appeared first on Chris Skinner's blog.

Maine 213

Maine 213

Insights on Business

SEPTEMBER 21, 2018

The war for talent. Regulatory uncertainty. Keeping my customers, my customers. These are some of the concerns that I hear leaders in the financial services industry repeatedly share in my travels and I am sure will be recurring themes at this year’s largest conference in banking and financial services, Money20/20, from October 21-24. Every year, Money20/20 is one of my favorite conferences because I get to hear firsthand how leaders are reinventing financial services and are making fundam

Conference 115

Conference Customer Experience Industry Trends 115

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Analysis

PYMNTS

SEPTEMBER 19, 2018

The treasury management unit of PNC Bank is joining RippleNet, the firm said on Wednesday (Sept. 19). PNC Treasury Management joined the Ripple cross-border payments network that uses blockchain to facilitate global transactions. As members of the network, corporate customers of PNC Treasury Management will be able to receive cross-border payments, the FI said, adding that the solution can help them receive payments against their invoices more quickly for streamlined accounts receivable.

Payments 192

Payments blockchain Management Survey 192

Payments Source

SEPTEMBER 16, 2018

Executives from four companies—Worldnet co-founder John Clarke, Payrailz CEO Fran Duggan, CardFree CEO Jon Squire, and Sionic Mobile CEO Ron Herman— view Uber and Amazon as drivers of the shift to an "unattended" retail experience that removes human interaction from the process of making a payment.

Fintech 131

Fintech Retail Mobile Payments 131

Chris Skinner

SEPTEMBER 17, 2018

Things we’re reading today include … Fewer than 2pc of bank chiefs worldwide are women despite value of female executives, says IMF Why Is This Supersafe Bank Scaring the Fed? Impact of automation on jobs has been overstated, claims Bank of England’s Mark Carney Banks step up to the fintech … The post Things worth reading: 18th September 2018 appeared first on Chris Skinner's blog.

Fintech 207

Fintech 207

Bobsguide

SEPTEMBER 16, 2018

Winning, or even succeeding, in today’s global market requires a new set of tactics. Manoeuvring through the rapidly changing landscape demands a wider and yet more detailed map. Gone are the days when providing a faster, better, cheaper solution is all it takes to stay ahead of the.

Fintech 109

Fintech Marketing 109

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Community Bank