Chris Skinner
DECEMBER 12, 2018
I was talking with a banker at a recent conference, and was surprised by his attitude. He’s not worried about Amazon, Google or Alibaba; he’s not concerned about FinTech start-ups, Revolut or Monzo; he doesn’t really care about Open Banking and software; as for machine learning, artificial intelligence (AI) and … The post Compliance will kill the bank appeared first on Chris Skinner's blog.
Payments Dive
DECEMBER 14, 2018
Automated testing is an increasingly important consideration as payment providers, retailers and other companies expand the number of options that consumers and merchants can use.
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PYMNTS
DECEMBER 12, 2018
In a renewed show of support for blockchain technology , American Express General Manager of Corporate Payments Carlos Carriedo has suggested that its pilot tests with partner Ripple to enable real-time cross-border corporate payments have been a success. Reports in Invest In Blockchain on Tuesday (Dec. 11) said Carriedo spoke at the Wings of Change Europe conference and emphasized American Express’ interest in blockchain technology. “Blockchain is absolutely an option we’re
Bank Innovation
DECEMBER 13, 2018
As a part of its retail transformation strategy, HSBC Bank USA spent over $130 million on innovation projects in one year on its U.S. operations. These projects range from less visible, but equally important, system upgrades on the back-end and more visible ones like installing Softbank’s robot Pepper in its New York flagship. The bank […].
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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
DECEMBER 9, 2018
I haven’t given away my slides and presentation for a while, as it’s part of my unique armoury, but I’m bored with my latest slide deck so here it is. ? Open Banking Strategy and Business Model from Chris Skinner And just in case it doesn’t make sense, here’s a … The post Open Banking: Strategy and Presentation 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
DECEMBER 12, 2018
Financial institutions are in the midst of becoming more mobile, with many of those legacy operations opting to — or at least considering — working more closely with FinTech providers to upgrade services, retain customers and acquire new ones. The debut of 5G promises to add another tool that can aid such efforts. As that mobile technology get closer to mainstream introduction, the potential 5G ecosystem for FinTech and mobile banking is gaining clarity.
Bank Innovation
DECEMBER 10, 2018
Viva Republica, the operator behind digital wallet Toss, became South Korea’s latest unicorn after an influx of $80 million announced this week put the valuation of the company at $1.2 billion. The Seoul-based startup’s latest round of funding, led by Silicon Valley VCs Kleiner Perkins and Ribbit Capital, comes as it prepares an expansion into […].
Chris Skinner
DECEMBER 13, 2018
I just gave a presentation on blockchain. I haven’t been asked to make a specific presentation on blockchain for over a year, so it meant dusting off some rusty notes and slides and thinking about where we are today. I know that last year, I spent most of the year … The post Are you pulling my blockchain? appeared first on Chris Skinner's blog.
Payments Dive
DECEMBER 11, 2018
This case study looks at how Europe’s leading provider of digital parking services EasyPark implemented Fortumo’s carrier billing platform to collect payments from drivers.
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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
DECEMBER 14, 2018
Instacart will have to conquer the grocery-delivery business without the help of Amazon. That’s one take on the news Thursday (Dec. 13) that Instacart has begun the process of winding down deliveries to customers of Amazon-owned Whole Foods. That wasn’t perhaps the most surprising news, given how Amazon keeps taking control of more logistical and delivery operations — an effort that many observers expect will eventually include the eCommerce operator competing head-to-head with UPS and FedEx.
Bank Innovation
DECEMBER 14, 2018
What is the best way to make solutions for the fintech sector meet the high requirements of challenging customers, especially while every bank is rushing towards digitization? The answer to this question is to act on the newest trends and broaden institutional horizons regarding new facilities like cloud solutions. Ever-newer technologies are currently presented by […].
Chris Skinner
DECEMBER 11, 2018
Another day and another discussion about digital transformation with a group of bankers. As the conversation progressed, several of the attendees touched on a subject in different ways but the core of what they were asking was this: when will we know we’ve done digital? I find this question quite … The post When does digitalisation stop? appeared first on Chris Skinner's blog.
Payments Dive
DECEMBER 10, 2018
Retailers globally are facing overwhelming pressures from multiple sources. Download our new infographic for an overview of the latest challenges and how retailers can use payments technology to ease this burden with more than just payments functionality.
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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
DECEMBER 12, 2018
SWIFT announced Wednesday (Dec. 12) that the company’s Chief Executive Officer Gottfried Leibbrandt has informed the board that he plans to leave the company at the end of June. In a press release, SWIFT noted that Leibbrandt has been in his job for seven years and played an important role in ensuring SWIFT remained on sound financial footing, improved upon SWIFT’s risk and security functions and oversaw the overhaul of technology at the company.
Bank Innovation
DECEMBER 14, 2018
Bank of America has redesigned its mobile app for the iPad. The new tablet design now mirrors the look and functionality of the BofA iPhone mobile banking app. Tablets find themselves in a unique position somewhere between desktop and mobile, and even though banking-via-tablets does not have the number of users that its smartphone counterparts […].
Chris Skinner
DECEMBER 11, 2018
Things we’re reading today include … Need a bank to send money abroad? It’s faster to take a suitcase of cash on a plane At this new online banking platform, customers are the owners Westpac shareholders hit bank with first strike against executive pay Bank stocks get crushed as the … The post Things worth reading: 12th December 2018 appeared first on Chris Skinner's blog.
Payments Dive
DECEMBER 10, 2018
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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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
DECEMBER 9, 2018
With retailers struggling to get compliant with the Payment Card Industry Data Security Standard , qualified security assessors are going to be in more demand and can offer tokenization as one way of achieving compliance. That’s according to TokenEx , which recently hosted a webinar to help retailers better understand tokenization. In a press release, TokenEx pointed to a new analysis by SecurityScorecard that shows the alarming rate at which retailers aren’t prepared.
Bank Innovation
DECEMBER 11, 2018
It's been a busy week in the fintech space and it's only Tuesday. On the heels of such announcements as South Korean fintech Toss achieving unicorn status and Cross River Bank raising another $100 million (technically last week, but still fresh in mind) come three more big moves. 1. Plaid Plans to Grow Team, Operations […].
Chris Skinner
DECEMBER 10, 2018
I just got back from Russia recently where I was interviewed by one of their leading journals. The journalist had read Digital Human, and took a very Russian take on it. His first question was along the lines of: if we are automating so much, then the people who own … The post As we raise one, raise all appeared first on Chris Skinner's blog.
Payments Dive
DECEMBER 10, 2018
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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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
DECEMBER 14, 2018
One of the largest banks in Spain, Banco Bilbao Vizcaya Argentaria (BBVA), has completed a $170 million (€150 million) loan with Porsche Holding using blockchain technology, according to a report. Although the bank has completed blockchain loans before, it’s never done it with a non-Spanish customer, until now. One of the bank’s previous blockchain loans was completed with state-owned and -operated national electrical grid operator Red Eléctrica de España (REE) for $150 million in November.
Bank Innovation
DECEMBER 10, 2018
Cross River Bank’s recent $100 million funding round could be an encouragement to lending-focused fintechs, who are currently being warned about a potential economic downturn. Indeed, Fort Lee, N.J.-based Cross River Bank is not fazed by that possibility, and nor are its investors, which in turn could be a positive harbinger for alternatives lenders who […].
Chris Skinner
DECEMBER 9, 2018
Things we’re reading today include … Bank of England could buy works of art to fight next recession Former HSBC chief executive Stuart Gulliver to join as director at conglomerate Jardine Matheson Some banks love fintech, some may hate it Royal Bank of Scotland fostering culture of bullying – whistleblower … The post Things worth reading: 10th December 2018 appeared first on Chris Skinner's blog.
Insights on Business
DECEMBER 14, 2018
At the October Money 20/20 in Las Vegas, Yousef Hashimi, Vice President and Partner of IBM Cognitive Big Data and Analytics, and Rob Palacios, Executive Vice President and Director of Texas Capital Bank (TCB) Labs, sat down for a fireside chat about driving value in organizations with artificial intelligence (AI) and what it takes to be AI ready to reap the benefits of building solutions rather than just buying components of AI technology.
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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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