Chris Skinner
FEBRUARY 28, 2019
One of the things I say fairly often is that the FinTech start-up community is fairly naïve. Not all, but many, do not understand the nuances of finance and why it is regulated the way it is. Equally, some but not all behave in a way which is not aligned … The post Revolut: the growing pains of a FinTech unicorn appeared first on Chris Skinner's blog.
Payments Dive
FEBRUARY 28, 2019
Smartwatches and other wearables are forging new partnerships with payments companies and technology partners, leading to increasing demand in the category.
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Bank Innovation
FEBRUARY 28, 2019
Rob Guilfoyle, CEO of Abe AI, will be speaking at Bank Innovation Ignite 2019 on March 11-12 in Seattle. Guilfoyle will be on the panel titled “The Future of Banking Experience,” where he will address topics such as the role of natural language in customer experience as well as the type of solutions that can […].
PYMNTS
MARCH 1, 2019
Facebook , Telegram and Signal are looking to launch their own cryptocurrencies that will allow users to send money internationally on their messaging systems. Citing various sources with knowledge on the matter, The New York Time s reported that Facebook is currently working on a coin that users of its WhatsApp could instantly send to friends and family.
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Chris Skinner
FEBRUARY 24, 2019
I often reflect on how quickly China is moving towards being cashless, as are parts of Africa and much of India. I then realised that it is a strong mix of simple infrastructure and strong incentive. In the case of M-PESA in Kenya, there was no method of making payments … The post Infrastructure and Incentive: Making Cashless a Reality 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.
Bank Innovation
FEBRUARY 26, 2019
Consulting giant Accenture and cloud banking firm nCino are expanding the scope of their partnership beyond North America to get more financial institutions in the Asia-Pacific and EMEA markets up and running in the cloud. Pullen Daniel, international managing director at nCino, told Bank Innovation the companies are finding increased interest in cloud banking around the […].
PYMNTS
FEBRUARY 27, 2019
Among the main virtues of this golden era of eCommerce and digital payments is speed. Seemingly instant access to extremely specific product pages. Quick browsing. Fast checkout and transactions — the fewer buttons the better. Have-it-yesterday delivery. Sometimes, though, that ideal of speed can and even should take a back seat to content — the type of content designed to pull in sophisticated or specialized consumers, the type of content that can seem out of place during this time of reduced a
Chris Skinner
FEBRUARY 25, 2019
Marko Wenthin, co-founder of solarisBank, recently contributed to my blog and, as a mate, has sent some great insights about starting up a FinTech firm which I thought I would share of FinTech banks last week. How to be a Unicorn (Part One) After announcing a whopping 300M$ D-round at a 2.7 … The post How to be a Unicorn (Part One) appeared first on Chris Skinner's blog.
Payments Dive
FEBRUARY 27, 2019
This case study looks at how Aftonbladet (part of Schibsted Media Group) uses telco solutions for subscriber and revenue growth.
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Bank Innovation
MARCH 1, 2019
Increasing digitization and interconnectivity is driving a rising tide of inherent cyber risk that is particularly high for banks, with a total of $11.3 trillion in rated debt outstanding, according to a Moody’s Investors Service report published Thursday. The risk assessment is based on how reliant a sector is on technology and how much financial […].
PYMNTS
FEBRUARY 24, 2019
Mercury FX , the international currency exchange provider, is reportedly relying on Ripple’s XRP xRapid to open up ten new payment corridors by the middle point of this year. According to a report in OracleTimes , Mercury FX chief executive Alastair Constance said during the Ripple Regionals 2019, a company event held in London, that it will use xRapid for payments from the U.K. to Canada and the Middle East.
Chris Skinner
FEBRUARY 27, 2019
Marko Wenthin is contributing this week. He began with funding and then moved on to the issues you face once you secure that funding. In this final part, he focuses upon why it may be better to focus upon B2B2C, rather than just B2C. The beauty (and the beast) of … The post How to be a Unicorn (Part Three) appeared first on Chris Skinner's blog.
Payments Dive
FEBRUARY 28, 2019
NTT Data Services’ Sean Breen discusses some of the challenges facing banks when it comes to the customer experience.
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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.
Bank Innovation
FEBRUARY 27, 2019
Two fintechs announced new products and services this week geared toward e-commerce sellers, pointing to gaps in offerings from banks and legacy card companies to provide seamless, affordable solutions for online-based businesses looking to scale up quickly or stock up for busier seasons. Marketplace payments firm Payoneer’s Capital Advance service, now launched in the U.S., provides […].
PYMNTS
FEBRUARY 28, 2019
The Internet of Things (IoT) is about much more than the actual things, of course. All those “smart” appliances, speakers, TVs, vehicles, thermostats and other devices connect to networks and infrastructure in certain ways, with that back-end work a relatively significant source of anxiety in the world of digital payments and commerce. New funding generally targeting those connections, networks and infrastructure — along with fresh PYMNTS research — provide further evidence of the ongoing growth
Chris Skinner
FEBRUARY 26, 2019
As mentioned yesterday, Marko Wenthin is contributing this week on how to become a FinTech unicorn. In Part One, he talked about fund raising. In part two, he focuses upon the challenges that then follow. How to be a Unicorn (Part Two) If you manage to get some investors interested … The post How to be a Unicorn (Part Two) appeared first on Chris Skinner's blog.
Payments Dive
FEBRUARY 25, 2019
Seamlessly Deploy and Manage Your Growing POS Network, Integrated Automation.
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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.
Bank Innovation
MARCH 1, 2019
Strategic participation in fintech climbed in 2018, with 41% of all fintech financings containing either a corporate VC or strategic investor. This is up from 35% in 2017, and way up from 18% in 2013, according to Financial Technology Partners’ 2018 Annual Fintech Almanac. With $53.8 billion in financing over 1,600-plus fintech transactions last year […].
PYMNTS
FEBRUARY 26, 2019
AlipayHK users will soon be able to use the service in parts of Japan and Southern China, the company said on Tuesday (Feb. 26). The service will be available next month in the Chinese cities of Shenzhen and Guangzhou, where AlipayHK customers can use their app in any places that accept Alipay, including theme parks, hotels and retail stores. In the Japanese city of Fukuoka, AlipayHK users can shop at the popular department-store chain Daimaru Tenjin.
Chris Skinner
FEBRUARY 23, 2019
The main blog headlines are … Technology is business Another interesting nuance of the FinTech Bank is the integration of business and technology. I’ve referenced this a few times, but wanted to be explicit that these banks think technology is business and business is technology. This is clearly demonstrated in … The post The Finanser’s Week: 18th February – 24th February 2019 appeared first on Chris Skinner's blog.
Payments Source
FEBRUARY 24, 2019
These fintechs know how to have a good time. Novel employee benefits from the companies that made SourceMedia's 2019 list include cooking classes, weekly dance parties and free trips.
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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.
Bank Innovation
MARCH 1, 2019
Mobile bill presentment is at the heart of ACI Worldwide‘s $750 million all-cash acquisition of bill pay service Speedpay from Western Union announced on Thursday. “ACI has a strong e-Commerce space, merchant fraud offering and we also have recurring billing,” Sanjay Gupta, SVP of ACI On-Demand, told Bank Innovation. “But at the same time we need […].
PYMNTS
FEBRUARY 28, 2019
ACI Worldwide has announced a deal with The Western Union Company that will see ACI acquire Speedpay, Western Union’s United States bill pay business, for $750 million in an all-cash transaction. The combined ACI-Western Union business will service over 4,000 customers across the U.S. and have reach that expands into consumer finance, insurance, healthcare, higher education, utilities, government and mortgage.
Chris Skinner
FEBRUARY 26, 2019
Things we’re reading today include … Exclusive: HSBC probe helped lead to U.S. charges against Huawei CFO Payday lenders preying on borrowers escape crackdown as rules rolled back No bonus for Metro Bank boss after loans blunder SEC seeks contempt charge against Tesla’s Musk, says tweet violates deal How has … The post Things worth reading: 27th February 2019 appeared first on Chris Skinner's blog.
Bobsguide
FEBRUARY 28, 2019
Asset management firms need to look at “the sins of the past” when aiming to create new operating models and break down siloed technology in the back office, said Jo Parkhill, CASS consultant at Cashfac, on a panel at the Summit for Asset Management (TSAM) in London this week.
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