Chris Skinner
DECEMBER 5, 2017
I’ve recently noted a number of reports about Open Banking, with many published recently due to its imminent arrival on January 13, 2018. Source: IBM As can be seen, we have several different groups working on Open Banking. There’s the Payment Services Directive 2 (PSD2) with Open APIs for payments, … The post The best research into Open Banking appeared first on Chris Skinner's blog.
Bank Innovation
DECEMBER 6, 2017
INV Fintech, the sister accelerator to this site, announced its fourth class of startups today. The six companies were chosen from among a wide array of applications from across the globe. Here are the five companies of Class 4 of INV Fintech: Bloxable: Bloxable provides decentralized solutions for lending origination and the securitization of mortgages […].
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Payments Dive
DECEMBER 8, 2017
The implementation of the new European payments legislation is imminent, affecting the payments industry like never before and bringing the future of banking back into the hands of its consumers.
PYMNTS
DECEMBER 5, 2017
And now, the rise of the machines — or, at least, machine learning. This movement has been a long time coming, as artificial intelligence (AI) is moving ever-farther into real-world business applications where once it was too expensive (or too conceptual) to embrace. Through improving technology and decreasing costs, AI and Big Data are now combining to help firms in the financial sector prevent payments fraud.
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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 3, 2017
Innovate Finance has been working with the Department of International Trade (DIT) on a report on blockchain and the future of financial services. The report was developed with the help of the Economist Intelligence Unit and is now available here. The Executive Summary is as follows: From Concept to Reality: How … The post How Blockchain will Reshape the Financial Services Industry (Research) 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.
Payments Dive
DECEMBER 5, 2017
The company officially became the latest big-box retailer to add an in-store, mobile-payment feature to its app in a move that also combines the company's digital coupon program into a single scan at checkout.
PYMNTS
DECEMBER 8, 2017
Payment Rails is making its official step into the cross-border payments market through the launch of its application program interface (API) and payment platform, the company said Thursday (Dec. 7). In a press release , Payment Rails said its white label platform supports business payments sent to more than 220 countries in more than 135 currencies.
Chris Skinner
DECEMBER 7, 2017
There were lots and lots and lots, literally, of focus upon mobile and financial inclusion in my Sudan conference. I guess because only 4% of the adults who live there are banked. You heard me, just four percent. There are over 20 million people of working or retirement age in … The post How difficult is financial inclusion? appeared first on Chris Skinner's blog.
Bank Innovation
DECEMBER 6, 2017
EXCLUSIVE – Authentication solution provider Hypr has received a sizable investment from Mastercard to expand its technology to Mastercard’s ecosystem as well as major banks and financial institutions. The New York-based Hypr announced today that it received an additional $2 million on a Series A funding, first announced in October 2017. Today’s round was led […].
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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
Payments Dive
DECEMBER 7, 2017
Globally, the reliance on card-payment methods is failing merchants and their ability to further monetize. Despite the fact that there are 5 billion phone owners globally, there are only 1.5 billion credit card owners.
PYMNTS
DECEMBER 6, 2017
As the financial services industry takes a look back at 2017, a few milestones stand out: the progress of faster and instant payment initiatives. The evolution of blockchain-based services. Collaboration between FinTechs and banks. And, much to the relief of corporates, the continuing focus on B2B payments innovation. Businesses have begun to shed the notion that they are slow to embrace new technologies, and that means the disruptive services and solutions coming out of the financial services s
Chris Skinner
DECEMBER 5, 2017
2017 has been a wild and fantastic year for cryptocurrencies, especially bitcoin. Everyone was wondering whether they should buy bitcoin. That was back when it was $500 a coin. Now it’s over $11,000 a coin. Funny year 2017. 2017 was when everyone thought they had to get into cryptocurrencies, and … The post The future of cryptocurrencies appeared first on Chris Skinner's blog.
Bank Innovation
DECEMBER 5, 2017
Morgan Stanley launched a robo-advisor to target fintech’s darling demography – millennials. The robo-advisor, which is called Morgan Stanley Access Investing, was unveiled yesterday. The online service has a 0.35% advisory and users are required to have a minimum investment of $5,000. Morgan Stanley’s robo-advisor users can invest in mutual funds and ETFs.
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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.
Payments Dive
DECEMBER 4, 2017
FSS AadhaarPay, a biometric-enabled merchant payment acceptance solution, designed to support the Indian Government’s Digital Payments initiative to improve digital payment infrastructure in the country, has won the Best Mobile Experience (International Fintech) provider award at the Best in Bank Customer Experience Summit at Chicago, USA.
PYMNTS
DECEMBER 5, 2017
The digital economy is here and, for many consumers, it has become a way of life. Direct deposits, push payments, eWallets, same-day ACH transfers, PayPal, Zelle and myriad other platforms and tools are now second nature. But, with this progress comes friction in the form of a payments patchwork. It has these newer, faster methods running across core payments infrastructure that was not built to support so many, so fast.
Chris Skinner
DECEMBER 7, 2017
I sometimes feel like a really, sad person. I wake up every day wondering what’s new with tech, FinTech, the world. I go to conferences and, instead of delivering my keynote speech and disappearing, normally hang around to hear the other presentations, as I might learn something. Equally, I sometimes … The post The complex world of diplomatic affairs appeared first on Chris Skinner's blog.
Bank Innovation
DECEMBER 8, 2017
EXCLUSIVE- Emerging markets-focused money transfer app WorldRemit has raised another round of funding, bringing the total amount to $220 million. The new Series C funding of $40 million was led by LeapFrog Investments, a PE firm that focuses on Asian and African markets. Other investors include California-based investment firms Accel and TCV, both of whom […].
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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
Payments Dive
DECEMBER 4, 2017
Ripple followed up its recent announcement of opening an office in India, with an event organized for financial institutions and regional partners. As a Ripple partner, a team from FSS attended the Ripple Deep Dive in Mumbai.
PYMNTS
DECEMBER 8, 2017
In total, B2B venture capitalists placed (or announced plans to place) $85 million in funding to businesses, with startups in the U.S., Asia and the Middle East taking the lead this week. It was a mixed bag of funding, with a few startups working in more traditional B2B technology, including expense management and SaaS. The others, however, are working with more cutting-edge tech, including bitcoin and artificial intelligence (AI), and just so happened to see the largest funding rounds of the we
Chris Skinner
DECEMBER 3, 2017
This week’s main blog headlines are … Proving digital transformation works for shareholder returns I wrote about the fact that digital transformation does not create greater shareholder value … yet … and then DBS announce that they are the first bank in the world to demonstrate the link between digitization … The post The Finanser’s Week: 27th November – 3rd December 2017 appeared first on Chris Skinner's blog.
Bank Innovation
DECEMBER 8, 2017
EXCLUSIVE— With bitcoin’s price over $15,000, and continuing to rise, it seems as though the currency has finally hit its mainstream moment. The currency’s price has more than doubled since the beginning of the year, and much of that spike has occurred just within the past couple of weeks. It has not gone unnoticed by […].
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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.
Payments Dive
DECEMBER 5, 2017
It's time for a look back at November's most-read articles and blog posts on Mobile Payments Today.
PYMNTS
DECEMBER 6, 2017
Modern consumers have high expectations for technology. If something doesn’t work perfectly, they’re quick to grow frustrated and abandon it as junk. “Our generation is a little bit spoiled,” said Bart van Hoek, head of Innovations with UL Transaction Security — and he said that is all the more true with payments tech. Imagine going out for breakfast only to find that the point-of-sale (POS) terminal isn’t working.
Chris Skinner
DECEMBER 6, 2017
Things we’re reading today include … China’s debt levels pose stability risk, says IMF Mifid II impact on investment banking ‘exaggerated’ Bitcoin to start futures trading, stoking Wild West worries UK banks have 2m customers stuck in permanent overdraft ‘Dear Mark Carney… capitalism stinks’: Bank complaint letters revealed The Queen’s … The post Things worth reading: 7th December 2017 appeared first on Chris Skinner's blog.
Bank Innovation
DECEMBER 5, 2017
EXCLUSIVE – The payment protection app Earny announced today it has raised $9 million and wants to use the funds to diversify into the travel vertical. Based in Santa Monica, Calif., Earny automatically monitors for and claims refunds on past purchases through retailer and credit card price protection policies. With its new funding, Dori Yona, […].
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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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