Bank Innovation
MARCH 27, 2018
Messaging service WhatsApp is rolling out support for QR payments in its Android beta, according to reports, with the service expected to have a wider rollout in the next few weeks. Consumers wishing to use QR payments to pay must first have WhatsApp Payments enabled, which currently supports a range of payment options across the.Read More.
Chris Skinner
MARCH 27, 2018
I was quite taken by a headline in yesterday’s news where Marcus Schenck, Deutsche Bank’s Co-Head of Corporate and Investment Banking, forecast that deposit accounts might disappear in the not too distant future. He was on a panel at Bloomberg’s European Capital Markets Forum and was asked by an audience member how … The post If deposit accounts disappear, what will banks do?
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PYMNTS
MARCH 29, 2018
Overdraft fees have reached their highest level since 2009, which was at the end of the Great Recession. Consumers paid $34.3 billion in overdraft fees during 2017 compared to $33.3 billion in 2016, The New York Post reported. Despite the increase, consumers aren’t, in fact, overdrawing their accounts. Instead, Moebs Services says the uptick was caused by credit unions increasing their overdraft fees.
Payments Dive
MARCH 29, 2018
Mobile payments continue to expand, making it important for operators of unattended retail equipment to invest in the technology. A speaker at the National Automatic Merchandising Association show in Las Vegas urged his fellow industry executives to get on board with the trend.
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Bank Innovation
MARCH 29, 2018
Blockchain technology has been talked about in banking for so long that readers here can be excused for being a bit jaded on the subject. The technology has been touted as solving just about every problem bankers face, but as Adam Ludwin, CEO of Chain, told us in San Francisco at Bank Innovation 2018 earlier.Read More.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
MARCH 26, 2018
A lack of access to capital. The red tape of regulation. The burden of administrative tasks. These are all common reasons why a small business owner may struggle to grow their company, and the latest analysis on the topic certainly points to these factors as having an impact on SMB growth across the world. But the most recent research suggests entrepreneurs are also clear about what is helping them grow, and what they are looking for in terms of technology, professional support and beyond.
Payments Dive
MARCH 30, 2018
It's time for a look back at last month's most-read articles and blog posts on Mobile Payments Today.
Bank Innovation
MARCH 28, 2018
Coinbase set the cryptocurrency world buzzing this week when it announced its intention to support for ERC20 tokens, which is the standard for smart contracts as well as tokens sold in initial coin offerings. The move comes well after the ICO wave has crested and regulatory structures have begun, however lightly at this stage, to.Read More.
Chris Skinner
MARCH 29, 2018
A good example of that big bank thinking I referred to yesterday is Santander, and an incident that I fumed about the other day. I usually make payments to EU companies via my business account, which pays no fees on EU payments as per PSD2 and SEPA principles. However, I … The post Why big banks fail appeared first on Chris Skinner's blog.
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PYMNTS
MARCH 27, 2018
APIs – that is, application program interfaces, or bits of code that allow two software programs to communicate with one another – are a hot topic and a hot commodity within financial services, as well as many other spaces. The API defines the correct way for a developer to write a program that requests services from an operating system (OS) or another application.
Payments Dive
MARCH 26, 2018
- Actionable insights for proactive fraud management lower bank’s exposure to UPI related fraud - Sophisticated machine-learning logic enables banks to dynamically adjust risk strategies in relation to fraud - Predictive risk-score safeguards end-customers against fraud whilst enabling banks to monetize risk insights
Bank Innovation
MARCH 28, 2018
The Internet of Things is notoriously insecure — unsecured, or poorly secured IoT devices have contributed to a number of cyberattacks, and these are on the rise as the number of devices increases. There are more than 8 billion connected devices today, with over 20 billion estimated for 2020. Even more worrying is the number.Read More.
Chris Skinner
MARCH 28, 2018
I was reading about banks being average to poor at marketing, and wondered about it. Banks’ advertising generally is about either being cool or in love with you. Here are a few examples from British banks. Lloyds: we’re old but still here with a big horse Nationwide: we have no … The post What is the real difference between a challenger bank and an incumbent?
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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 Source
MARCH 26, 2018
Microchip implants could be considered the ultimate form of mobile payment — skipping the smartphone altogether in favor of giving people bionic abilities. And a small segment of the population is already lining up to try it out.
PYMNTS
MARCH 30, 2018
UK Finance , an industry trade association, is launching an independent investigation into the way the market’s banks treat small businesses (SMBs), according to Reuters reports on Thursday (March 29). The group appointed Simon Walker to lead the review, which will specifically look at the way banks handle complaints filed by small business borrowers.
Bank Innovation
MARCH 27, 2018
More startups should launch in the “niche” areas of banking that incumbent institutions have started avoiding, Ohad Samet, co-founder and chief executive officer for TrueAccord, told attendees of the 2018 Bank Innovation conference. “It’s actually not very common for a startup to be started in subprime lending, debt collection—those areas that frankly require a lot.Read More.
Chris Skinner
MARCH 28, 2018
Things we’re reading today include … Deutsche Bank Is Considering More Cuts at Investment Bank Bank of England To Test Blockchain Features For New Payment System Fintech Holds Great Promise To Expand Credit, Says Fed’s Bank Supervision Ace Bank of Korea Poll: 40% of Young Adults Enthusiastic About Cryptocurrency MPs … The post Things worth reading: 29th March 2018 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.
Payments Dive
MARCH 28, 2018
A2iA announces deals with one of the top two U.K.
PYMNTS
MARCH 30, 2018
HSBC is introducing PayPal support for corporate payments across borders. An announcement Thursday (March 29) said HSBC now lets its corporate customers use PayPal for supplier payments via a partnership between the two entities. “Our collaboration with PayPal will significantly expand the payments network accessible to our clients through HSBC, allowing them to send payments to a much wider range of counterparties in a fast and efficient manner,” said HSBC Global Head of Payments in Global Liqu
Bank Innovation
MARCH 30, 2018
Banks need to update their legacy systems and modernize their technology, no surprise there. But just how many operational leaders at banks think their institution’s survival depends on it? That would be 79% of operations leaders in North America banks, according to a recent report by Accenture. That’s four out of five banks. The report […].
Chris Skinner
MARCH 27, 2018
Things we’re reading today include … Will Brexit Trigger an Exodus of Banks From London? Goldman vice chair turned down Deutsche Bank’s CEO offer Deutsche Bank Sparring Is Another Blow to the Lender Can Deutsche Bank Be Fixed? TSB to start linking to rivals’ loan deals online in bid to … The post Things worth reading: 28th March 2018 appeared first on Chris Skinner's blog.
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Insights on Business
MARCH 26, 2018
At IBM Think, the premier business and technology conference, the main theme is “mankind + machine,” and during the Wednesday morning session with Ian Hurst and Sarah Diamond, IBM General Managers of Banking and Financial Markets, and Naresh Vyas, Royal Bank of Scotland Head of Solutions, that theme was on full display. A digital reinvention is underway in financial services, driven by the need for fraud prevention, personalized customer service, and the ability to keep pace with massive amounts
PYMNTS
MARCH 28, 2018
Adding to the list of cryptocurrencies that users can buy or trade on its platform, Uphold has announced that it has added support for Ripple ’s XRP currency. Already, users can exchange digital currencies such as bitcoin, Ethereum and Bitcoin Cash on Uphold, CoinDesk reported. Uphold’s decision comes after the company conducted a Twitter poll that revealed Ripple was the digital currency voters most wanted added to the platform out of four choices.
Bank Innovation
MARCH 30, 2018
The messaging app Telegram has raised more money with its initial coin offering, logging another $850 million, the SEC reported yesterday. This brings the total amount raised via the offering to $1.7 billion, making it the largest initial coin offering in history. This follows the company’s raise of $850 million in February with its first […].
Chris Skinner
MARCH 26, 2018
Things we’re reading today include … Credit card debt growth at 12-year high Europe’s costly financial shake-up may yet benefit a post-Brexit UK Billion euro cyber-suspect arrested in Spain Senior banker quits Queen’s lender Coutts after harassment complaints London should team up with Zurich in push for open European markets, … The post Things worth reading: 27th March 2018 appeared first on Chris Skinner's blog.
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