Payments Dive

NOVEMBER 30, 2018

Consumer demand for smarter wearables is leading watch makers and others to explore new approaches to embedded payment technologies.

Payments 393

Payments Mobile Technology 393

Chris Skinner

NOVEMBER 29, 2018

In a final write-up on leadership, there was a fantastic presentation about the lessons DNB had learned in trying to make digital change happen. Solveig Hellebust, Group Executive Vice President for People & Operations at DNB or, as she called it, POP, talked about the five things that make the … The post Five digital transformation lessons appeared first on Chris Skinner's blog.

Leadership 373

Leadership Groups Operations Digital Banking 373

PYMNTS

NOVEMBER 25, 2018

Venmo , the digital money transfer service owned by PayPal , suffered payments fraud earlier in 2018 that played a role in the company posting losses that were higher than forecasted for the first quarter of this year. The Wall Street Journal , citing internal documents it reviewed, reported that for the first three months of 2018 Venmo had operating losses of around $40 million, which was close to 40 percent bigger than what the company had planned for.

Fraud 222

Fraud Payments Report Branding 222

Bank Innovation

NOVEMBER 26, 2018

The recently released Predictions 2019 guide by research firm Forrester included an epitaph of sorts for 2018, “a year when reality chewed up the transformational ideal.” And what has more potential to be the transformational ideal than artificial intelligence? Everyone’s talking about it, and many are dreaming big. Banks, FIs and fintechs alike are putting […].

Fintech 199

Fintech Innovation 199

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Groups

Payments Dive

NOVEMBER 29, 2018

Veteran payments executive Jason Bohrer says several key consumer trends are pushing us closer to a cashless society, and the financial services industry needs to consider these developments in order to bridge the gap.

Trends 373

Trends US Industry Payments 373

PYMNTS

NOVEMBER 30, 2018

Expense management company DiviPay is rolling out what it says is Australia’s first Mastercard virtual commercial card for corporate payers, and the first solution in the country that combines payments with expense management automation. Reports in Finder this week said DiviPay is launching its virtual card offering to help small and medium-sized companies (SMBs) automate their expense reporting and management processes.

Cards 216

Cards Samsung Management Tools 216

Bank Innovation

NOVEMBER 30, 2018

INV Fintech, Bank Innovation’s sister accelerator, announced today the three associate members of its sixth cohort of startups. INV associates undergo a less intensive program than full class members. They do not have regularly scheduled meetings with the INV team and Fiserv, the accelerator’s technology partner. They have access to INV’s mentor network and the wider […].

Fintech 186

Fintech Company Meeting Technology 186

Payments Dive

NOVEMBER 27, 2018

Data from Adobe Analytics shows mobile shopping reached new heights during a record Cyber Monday

Mobile 334

Mobile Analytics Data 334

Chris Skinner

NOVEMBER 28, 2018

Another interesting factor in leadership is communication. When I ask people who they think are great leaders, they often name people like Steve Jobs, Barack Obama, Nelson Mandela, Winston Churchill and more. What is common in all of these names is that they are great orators. Their speeches are marked … The post Most great leaders are great speakers appeared first on Chris Skinner's blog.

Leadership 295

Leadership Digital Banking 295

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Analysis

PYMNTS

NOVEMBER 28, 2018

InComm , a global prepaid product and payment technology company, has announced a partnership with Welcia , Japan’s leading pharmacy chain, to launch four mobile barcode payment solutions in its stores. InComm will be integrating its point-of-sale payment technology directly with Welcia. “Simultaneously connecting these major mobile barcode payments with the largest pharmacy chain in Japan is an exciting opportunity for InComm and Welcia’s customers,” Takumaro Arai, vice president and general ma

Payments 211

Payments Mobile Regional Retail 211

Bank Innovation

NOVEMBER 30, 2018

Singapore-based DBS Bank wants to be an invisible agent of change in the realm of digital banking. Over the course of a decade of transformation, it has received awards and recognition worldwide for its digital banking services and innovation efforts. Digital customers made up 42% of the bank’s total base in 2017, but contributed 63% […].

Digital Banking 170

Digital Banking Course Innovation Operations 170

Payments Dive

NOVEMBER 28, 2018

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.

Video 326

Video Fintech Mobile Payments 326

Chris Skinner

NOVEMBER 26, 2018

Another theme that I talk about regularly, and that came up last week, is the FinTech relationship being like a parent and child. The parent wants safety and security and a nice stable home; the child wants to run around and kick and break everything, and challenge everything the parent … The post FinTech and the Parent-Child relationship appeared first on Chris Skinner's blog.

Fintech 287

Fintech Security 287

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Lending

PYMNTS

NOVEMBER 25, 2018

Overstock is gearing up to sell its retail business, with a deal taking place in the next few months as it focuses solely on its blockchain initiatives. CNBC , citing comments Overstock chief executive Patrick Byrne made in an interview with the Wall Street Journal , reported the sale could happen as early as February. Overstock has previously announced plans to sell the retail business so that it can focus on blockchain technology.

blockchain 202

blockchain Retail cryptocurrency Report 202

Bank Innovation

NOVEMBER 29, 2018

Dan O’Malley, CEO of Numerated Growth Technologies, Inc., will speak at Bank Innovation Ignite in Seattle in March 2019 on Building the Future of Banking. Building banks of the future is something O’Malley, a self-proclaimed “data nerd” whose company makes a real-time business lending and growth automation platform for banks, knows quite well.

Innovation 170

Innovation Seattle Lending Data 170

Payments Dive

NOVEMBER 29, 2018

When poor households have access to the digital economy through mobile money technology, they have the key to ending their poverty.

Mobile 262

Mobile Technology 262

Chris Skinner

NOVEMBER 25, 2018

I’m likely to be blogging about leadership all this week, as that was the theme du jour of our Nordic Finance Innovation meetings in Copenhagen and Oslo last week. Saxo Bank, DNB, Danske Bank, Nordea and more were discussing the challenges of digital transformation and the leadership challenge, and I’ve … The post Change the bank or change the leadership appeared first on Chris Skinner's blog.

Leadership 281

Leadership Meeting Innovation Digital Banking 281

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Operations

PYMNTS

NOVEMBER 28, 2018

Earlier this week, reports said two researchers from Bloomsberg University of Pennsylvania made their case for safe harbor rules and overall easing of regulatory penalties for small businesses hit by a cyberattack. Their argument, reports in the Wall Street Journal said, is that small businesses are held to the same standards as large corporates when they suffer a data breach — even if the small business is found to not be at fault.

Security 197

Security Pennsylvania Analysis Resources 197

Bank Innovation

NOVEMBER 27, 2018

The price of bitcoin took a plunge last week and over the weekend, and took other digital currencies down with it. Trading volume is down and cryptocurrency miners -- the outfits that solve complex equations to generate new digital coins -- aren’t mining with the same enthusiasm. Headlines have not been kind to crypto’s recent […].

cryptocurrency 170

cryptocurrency Bitcoin blockchain Innovation 170

Payments Dive

NOVEMBER 27, 2018

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.

Video 262

Video Fintech Mobile Payments 262

Chris Skinner

NOVEMBER 25, 2018

The main blog headlines are … Ten chairs: how to change the bank I was in the middle of a conversation about how to change the bank, when we started talking about the boardroom issue. As many of you will know, I often reference the fact that, according to research, … The post The Finanser’s Week: 19th November – 25th November appeared first on Chris Skinner's blog.

Maine 221

Maine How To 221

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Analysis

PYMNTS

NOVEMBER 27, 2018

Atiku Abubakar, a 2019 presidential candidate in Nigeria, said he will support cryptocurrency and blockchain if he becomes the country’s next leader, according to the Daily Post. The push is part of his “Get Nigeria Working Again” proposal. Abubakar, who is a former vice president, plans to use cryptocurrency to help speed up the economy in the country.

blockchain 193

blockchain cryptocurrency Bitcoin Ohio 193

Bank Innovation

NOVEMBER 28, 2018

Digital assets are here and they’re probably here to stay, in some form or another. People and companies with money in one of the world’s most interesting alternative investments seem to also have no small amount of interest in bringing it mainstream. New crypto investment products on a myriad of platforms are bubbling up left […].

Company 150

Company cryptocurrency Bitcoin blockchain 150

Payments Dive

NOVEMBER 27, 2018

In the Euro Area, there is huge room for growth for card transactions at POS.

Trends 257

Trends Payments Cards 257

Chris Skinner

NOVEMBER 29, 2018

Things we’re reading today include … Deutsche Bank — 20 years after the deal that sealed its fate Deutsche Bank offices raided in connection with Panama Papers SocGen uses ‘digital speed-dating’ to win over investors China: trade deal possible at G20 if US is ‘fair minded’ Guns for sale: Now … The post Things worth reading: 30th November 2018 appeared first on Chris Skinner's blog.

US 172

US 172

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Capital