Chris Skinner
APRIL 30, 2019
One of the surprises I have had in my discussions with banks that are doing digital well, is how all of them seem profoundly committed to cloud-computing. Some more than others, as one of the banks I spoke to wants to achieve over 80% of their IT infrastructure, software and … The post Banking in the Cloud appeared first on Chris Skinner's blog.
Payments Dive
APRIL 30, 2019
Retailers need to consider shedding their legacy POS systems to enable mobile payment acceptance, business analytics, EMV security and better inventory management.
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Bank Innovation
MAY 3, 2019
You may not have heard of the term “Silicon Alley,” but I am sure you are aware of the game-changing financial technology that is emanating from it. “Silicon Alley” was initially coined in the mid-1990s as a way to group media startups housed around the Flatiron neighborhood of Manhattan. I hope that doesn’t give you […].
PYMNTS
MAY 1, 2019
Artificial intelligence (AI) has the potential to change lives, literally – aiding in the detection of diseases, for example – while in commerce, it has the potential to stop bad transactions. We’re getting there, but bringing AI into everyday life is an evolutionary process that differs markedly from the breathless portrayals in the movies, where the rise of sentient computers and robots bodes well, or ill, for humanity, depending on what you’re watching.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
Chris Skinner
APRIL 28, 2019
As I travel non-stop, I have one trusty little zip-bag in my travel case. It’s a zip-bag full of cables and converters, mainly to keep my phone fully charged all the time. Plug converters for America, Europe, UK and Australia, and cable converters between Apple and non-Apple products. As I … The post 200 currencies and 30,000 banks … are they really needed?
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
MAY 1, 2019
Mastercard today introduced a suite of digital offerings for small business owners who are Mastercard Business and World Elite cardholders. The new offerings include discounts to Intuit products like QuickBooks and TurboTax, a 24/7 personalized business assistant, ID theft protection, as well as automatic savings on business expenses. Amnah Ajmal, EVP of Core Products for […].
PYMNTS
MAY 3, 2019
Payments don’t always have to be just about the cards. That’s the big message being sent throughout the payments world as PSD2 and other FinTech efforts spark innovation and give consumers, companies and other organizations more methods to pay — methods that better match the preferences of those participants, payments that feature more speed and less friction than was often the case before.
Chris Skinner
MAY 2, 2019
There were two headlines recently that arrived side-by-side: Will telephone bank passwords become obsolete? Does my new biometric bank card really mean the death of the Pin? Neither headline is particularly news – voice recognition for telephone banking and biometric bank cards have been floating around for a decade (or … The post Smile to pay … and cry for credit appeared first on Chris Skinner's blog.
Payments Dive
MAY 3, 2019
Southeast Asian countries face unique challenges in terms of growing a payments ecosystem amid Chinese dominance of the e-commerce space.
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Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.
Bank Innovation
APRIL 30, 2019
The paramount technology objective today in banking is the implementation of artificial intelligence to enhance customer experience, products and, in turn, financial results, for both consumers and financial institutions. As artificial intelligence and its compatriot technology, machine-learning algorithms, take a more prominent role in financial services, the ethical challenges posed by these technologies advance.
PYMNTS
MAY 2, 2019
B2B payments are mired in delays, in errors, in an imbalance in funds flow and credit terms. Simply put, buyers stretch out payments and suppliers play the waiting game – at least as well as it can be played with checks and cards. The result is a cash flow crunch. Access to financing (trade finance, that is), especially online, can level the playing field a bit.
Chris Skinner
APRIL 30, 2019
I just chaired a nice session at the Innovate Finance Global Summit (IFGS) focused upon the future of UK FinTech. For some reason, the question they asked us to focus upon was: What is holding the UK back in the global investment landscape? I didn’t really understand why we would … The post How will UK FinTech fare in the future? appeared first on Chris Skinner's blog.
Bobsguide
MAY 2, 2019
Regulators and standards bodies are at risk of standardizing obsolete technology by creating rules for blockchain networks that are already years old, according to Joe Pindar, blockchain and cryptography director at Thales. “There have been three generations of blockchain, starting with the.
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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
APRIL 30, 2019
The paramount technology objective today in banking is the implementation of artificial intelligence to enhance customer experience, products and, in turn, financial results, for both consumers and financial institutions. As artificial intelligence and its compatriot technology, machine-learning algorithms, take a more prominent role in financial services, the ethical challenges posed by these technologies advance.
PYMNTS
MAY 1, 2019
The path to the payments deal started about three or four years ago when Adam Bloomston, CEO of Payscape , and Thomas Nitopi, CEO and founder of NXGEN , first met. As they talked about their respective payment services firms, they realized, in Bloomston’s words, “that both of our companies didn’t really compete with each other in multiple areas.”. However, they both understood the opportunity: to further their global presence and create what Nitopi, in a PYMNTS interview, called “a global sales
Chris Skinner
MAY 1, 2019
Talking of cloud computing, I’ve spent years backing up my various PCs and photo libraries. Invariably, a labour of love, I didn’t trust public cloud services like Google and Microsoft to look after my stuff properly. Then, gradually, over time, more and more of my stuff has moved online. It … The post Cloud sense … dollars and cents appeared first on Chris Skinner's blog.
Accenture
APRIL 30, 2019
A tale is told of a man riding a horse that is galloping very quickly. Another man, standing alongside the road, yells to him, “Where are you going?” The rider yells back, “I don’t know. Ask the horse!” Read the report. Like this runaway horse, retail banks are now finding that rapidly evolving customer needs and changing expectations are setting the pace for the evolution of the business.
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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
APRIL 29, 2019
BNY Mellon's three key financial technology executives added last month were given the directive to pursue investments and fintech partnerships in natural language processing, rule-based automation systems and robotic process automation (RPA), Bank Innovation has learned. The initiatives had previously not been disclosed. Earlier this month, BNY Mellon filled three executive positions: Digital Business Development […].
PYMNTS
MAY 1, 2019
Accounts payable operations are essential to ensuring that payments to a firm’s partners and suppliers are processed and delivered on time. These processes prevent companies from missing payments and running the risk of souring business relationships and hurting their partners’ bottom lines in the process. However, despite their importance to keeping businesses afloat, old school practices like physical paperwork are still the norm for many AP departments.
Chris Skinner
MAY 2, 2019
Things we’re reading today include … Bank of England warns of interest rate rise over next three years Andy Hornby: how the former HBOS boss bounced back MPs demand Lloyds justifies ‘cash paid to CEO in lieu of pension’ Elon Musk owes $507 million to banks helping Tesla raise capital … The post Things worth reading: May 3rd 2019 appeared first on Chris Skinner's blog.
Payments Dive
APRIL 30, 2019
Smart payments are on the rise and consumers now have the option of making payments via mobile devices like voice assistants, household appliances like Wi-Fri fridges or even their car dashboard. Download this report from TNS to discover which country is leading the way in adopting smart payments.
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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
MAY 1, 2019
Bank of America has a new source of small business data. The next iteration of the bank's Business Advantage 360, a cash flow/cash management app launched in February, will provide the bank with insights from data gathered through outside aggregators, such as QuickBooks, Sharon Miller, Managing Director, Head of Small Business at BofA, told Bank […].
PYMNTS
MAY 2, 2019
The digital revolution comes to the land where the industrial revolution was born? To that end, Invest In Blockchain reported that Mark Carney, governor of the Bank of England, said that the central bank should gear up for a “fourth industrial revolution” that includes at least some impact to payments, chiefly through blockchain and decentralized systems.
Chris Skinner
APRIL 27, 2019
The main blog headlines are … Doing good for society and the planet (an Earth Day FinTech update) It was Earth Day on Monday, and a national holiday in many nations as they observed what Christians call Easter. Whilst Sri Lankans mourned the fatal losses on the Easter Sunday church gatherings, … The post The Finanser’s Week: 22nd April – 28th April 2019 appeared first on Chris Skinner's blog.
Ron Shevelin
MAY 1, 2019
Deposit displacement is diminishing the importance of checking accounts in consumers' financial lives.
Advertiser: ZoomInfo
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