Chris Skinner
FEBRUARY 15, 2019
I spotted an article by Linus Beliunas on LinkedIn this week, and liked it so much that wanted to share. Enjoy! 39 FinTech Unicorns Valued at $147.37 billion 2018 was a phenomenal year for FinTech. Over a course of 12 months, Venture Capital-backed FinTech deals and funding set an annual … The post 39 FinTech Unicorns Valued at $147.37 billion appeared first on Chris Skinner's blog.
Payments Dive
FEBRUARY 12, 2019
A backlash against cashless retailers and restaurants has spurred legislation in multiple cities and states to force them to accept cash payments.
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PYMNTS
FEBRUARY 13, 2019
Merchants saw a drop in card-present fraud due to the increased adoption of Europay, Mastercard and Visa (EMV) chip cards, Visa said. Merchants who have upgraded to chip technology saw a decrease of 80 percent in counterfeit fraud dollars in September of 2018 when compared to September of 2015. Also, total counterfeit fraud dollars went down by 48 percent.
Bank Innovation
FEBRUARY 14, 2019
Established fintechs, startups, banks and tech giants alike are pulling out all the stops to attract and retain the same pool of tech talent. Some firms move operations to where the people are, others acquire the companies with the talent they’re looking for, and others simply loosen their purse strings. Many do all the above […].
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
Chris Skinner
FEBRUARY 11, 2019
Last week we had our first meetings of Nordic Finance Innovation, the largest networking group in the Nordic region for people involved in finance and technology which I happen to chair. The meeting focused upon data: data usage, data analytics, data leverage and data privacy. It was an interesting meet-up … The post AI, machine learning, data and Nordic banks 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.
PYMNTS
FEBRUARY 15, 2019
The costs of using some cards is going on the incline, as news is breaking that the nation’s two largest card networks, Visa and Mastercard, are preparing to up the fees charged to merchants to accept network-branded cards. The change will go into effect in early April, according to reports from The Wall Street Journal. According to a Visa spokeswoman, the new price changes impact fees that Visa hasn’t adjusted in at least three years.
Bank Innovation
FEBRUARY 15, 2019
The key benefit of using programming language Scala to build a digital platform is a feature called Type Safety. This feature enables faster testing because it supports the detection of "errors while writing the code," according to Jason Brown, CEO and co-founder of fintech Tally. Typically, errors are detected and corrected once the program is […].
Chris Skinner
FEBRUARY 12, 2019
I often point to a banks’ executive leadership team and ask the question: who can tell me the difference between blockchain and distributed ledger? If anyone even goes there, I then ask them to tell me the difference between artificial intelligence and machine learning. Few ever come out of that … The post The difference between machine learning and artificial intelligence appeared first on Chris Skinner's blog.
Payments Dive
FEBRUARY 15, 2019
This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.
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Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment
PYMNTS
FEBRUARY 11, 2019
Entrepreneurs sometimes see opportunity in places that are far from the hustle and bustle of city life: When spending time in San Francisco, Outdoorsy Co-founder and CEO Jeff Cavins spotted an unmet need for accommodations other than hotels or home shares in scenic destinations. And while he noticed that people loved camper vans and recreational vehicles (RV), there weren’t many places to rent them.
Bank Innovation
FEBRUARY 13, 2019
IBM today announced a five-year, $700 million agreement it reached with Banco Santander that will enable the Madrid, Spain-based bank to “accelerate and deepen” its digital transformation to a more open, flexible institution. This means Santander is poised to tap into IBM's AI, blockchain and big data offerings. For instance, the bank will use IBM […].
Chris Skinner
FEBRUARY 14, 2019
I just picked up the London Business School’s quarterly journal, with lots of articles talking about Artificial Intelligence (AI). There are two in particular that stand out, with some interesting views. The first is by Julian Birkinshaw, Professor of Strategy and Entrepreneurship, who argues that people will be integral to … The post 100 years of AI Life appeared first on Chris Skinner's blog.
Payments Dive
FEBRUARY 15, 2019
The largest mobile service provider in the Caribbean and South Pacific used mobile transactions to reach unbanked and underbanked customers — Telepin was able to help Digicel reduce operational costs and increase revenue. Read the full case study to learn how.
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Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.
PYMNTS
FEBRUARY 12, 2019
Heading toward potentially becoming a public company, Peloton Interactive Inc. is reportedly talking with banks about an initial public offering (IPO). The company is seeking a debut in the latter half of the year, The Wall Street Journal reported. According to unnamed sources cited by the outlet, the company is looking for a valuation over $4 billion.
Bank Innovation
FEBRUARY 14, 2019
Despite predictions of a bleak economy and decreasing investment spending from businesses, banks will not be cutting down their technology spend in 2019, according to Kurt Spieler, Chief Investment Officer at First National Bank of Omaha. “Banks will continue to spend just as much, if not more, on technology this year,” he told Bank Innovation. […].
Chris Skinner
FEBRUARY 10, 2019
I’ve been blogging about digital transformation and one commentator asked me to qualify what I actually meant by a bank ‘transforming’ versus the others. This is something I intended to blog about but Bill Streeter over at The Financial Brand beat me to it in his reporting of research by BDO, … The post Is the bank talking or walking digital? appeared first on Chris Skinner's blog.
Payments Dive
FEBRUARY 15, 2019
Shining a light on solar energy loans in rural Papua New Guinea: Read an incredible example of how, through mobile banking, unbanked families can be introduced to the concept of banking and its benefits.
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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
PYMNTS
FEBRUARY 9, 2019
Enterprise blockchain platform XinFin is joining the R3 consortium, with the R3 Corda marketplace hosting several XinFin apps for business users, the companies said in a press release Friday (Feb. 8). The blockchain-powered XinFin applications include invoice financing, trade finance, real-time remittance, digital asset management and apps with other functionality.
Bank Innovation
FEBRUARY 13, 2019
Rapyd, a fintech-as-a-service platform through which businesses and consumers can pay or be paid as they choose for local and cross-border e-commerce, wants to be the Amazon AWS for financial services. The London-based startup announced today the closing of a $40 million Series B funding round led by payments giant Stripe and VC firm General […].
Chris Skinner
FEBRUARY 11, 2019
Things we’re reading today include … Monzo to roll out business bank accounts in revenue shake-up There Is No Such Thing As ‘Dormant Funds’ In Banking Visualising the world’s most valuable bank brands Varley faced walking ‘the plank’ if Qatar rescue failed The Guardian view on the UK economy: before … The post Things worth reading: 12th February 2019 appeared first on Chris Skinner's blog.
Payments Dive
FEBRUARY 14, 2019
Hans Peter Nudling, the recently appointed Chief Strategy Officer for the Posiflex Group, discusses the strategic direction of Posiflex since acquiring KIOSK Information Systems and Portwell Computing.
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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.
PYMNTS
FEBRUARY 11, 2019
The year is 2039. The youngest of the bridge millennials – those 30- to 40-year-olds who today represent the first generation of connected consumers with spending power – will be having their mid-life crises at the age of 50. And the 60-year-olds will be telling the world that 60 is the new 30. By then, it might be. The year that even a decade ago seemed a lifetime away is only 20 years from now – and will be here before we know it.
Bank Innovation
FEBRUARY 11, 2019
BNY Mellon is on the hunt for fintech partnerships related to popular technologies like blockchain, data analytics, and AI, but also those related to more obscure technologies like natural language generation, Lucien Foster, head of digital partnerships at BNY, told Bank Innovation. “We explore all technologies,” Foster said. “We have an AI team, a blockchain […].
Chris Skinner
FEBRUARY 10, 2019
The main blog headlines are … Is the branch dead? A regular discussion of mine has resurfaced in recent days: is the branch dead? Why it has returned is due to the announcement of Santander closing a fifth of its UK branch network: The Spanish-owned bank, which has one of the largest … The post The Finanser’s Week: 4th February – 10th February 2019 appeared first on Chris Skinner's blog.
Payments Dive
FEBRUARY 12, 2019
In Tanzania, Telepin transparently replaced an existing mobile money platform and helped Tigo Tanzania drive revenue growth — actually doubling Tigo Tanzania’s transactions per second, and provided them with a platform that can support their growth. Read the full case study to learn how.
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Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se
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