Payments Dive
MARCH 9, 2018
All the necessary software and hardware components together with the processes for the creation of the connected car pay at pump use case are currently available. The creation of a commercially viable, fully integrated solution is the next step and there are no technical or regulatory barriers to doing so.
Chris Skinner
MARCH 7, 2018
I recently wrote an article for Bloomberg’s Business Week, and thought it worth sharing with y’all here: What’s next for blockchain? Everyone got very excited a few years ago about blockchain technologies, the ledger system that was spawned by the arrival of bitcoin in 2009. It allows the recording of … The post What’s next for blockchain?
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Bank Innovation
MARCH 9, 2018
As if reports of Amazon’s bank hasn’t shaken up the financial industry enough, a new report by Bain & Company shows that the “Bank of Amazon” could amass more than 70 million customers within the next five years, directly rivaling Wells Fargo bank, which currently has about that number of customers. The reports lead authors.Read More.
Insights on Business
MARCH 7, 2018
“If the bringing of women – half the human race – into the center of historical inquiry poses a formidable challenge to historical scholarship, it also offers sustaining energy and a source of strength.” – Dr. Gerda Lerner. On this International Women’s Day 2018 and to continue Women’s History Month , I would like to acknowledge and reflect upon some of the extraordinary, and often understated, work that women have contributed not just to this company, but to the good of
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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.
Payments Dive
MARCH 8, 2018
Dr. Louise Beaumont, strategic adviser at Sapient Consulting, discusses the e-commerce's potential interest in banking.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
MARCH 5, 2018
EXCLUSIVE–Top cryptocurrency exchange Coinbase just got more competition. Several startups are launching marketplaces to rival the crypto giant in the next year. One of those startups, Hoard Invest, a current member of INV Fintech’s Class 4, will launch its beta product, a cryptocurrency exchange platform, in April of this year. The platform will be available.Read More.
PYMNTS
MARCH 9, 2018
Foreign exchange solutions company OANDA is enhancing its application programming interface (API) that opens up its foreign exchange (FX) technology to third-party apps. The company announced news on Thursday (March 8) that its Exchange Rates API has been updated to include real-time FX rates. According to OANDA, the API supports updates to FX rates every five seconds, enabling third-party developers to integrate this solution into their own mobile apps.
Payments Dive
MARCH 6, 2018
Jim Ensign from Republic Bank discusses how financial institutions can improve the customer experience.
Chris Skinner
MARCH 8, 2018
Today, I appear to be pretty well-known and respected in the FinTech community. Often voted as an influencer, invited to give keynote speeches at megaconferences and the successful author of 15 books, as well as chairing and being an advisor to many companies, life is pretty good. But it wasn’t … The post Why being made redundant was the best thing that ever happened to me appeared first on Chris Skinner's blog.
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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.
Bank Innovation
MARCH 7, 2018
EXCLUSIVE–The potential use cases of blockchain technology in banking continue to captivate bankers, but topics like cryptocurrency and Initial Coin Offerings, or ICOs, may be losing a bit of their edge. This is according to a panel on the subject during Bank Innovation 2018, which wrapped up yesterday in San Francisco. Speakers on the panel,Read More.
PYMNTS
MARCH 7, 2018
Blockchain is now an official word in the Merriam-Webster dictionary. Of course, the FinTech industry doesn’t have to look it up, but the dictionary now defines blockchain as a technology that enables the keeping of records of financial transactions in a digital database as part of a publicly accessible network. The addition of blockchain to the dictionary is symbolic of the technology’s continuing proliferation.
Payments Dive
MARCH 6, 2018
In partnership with VeriFone, TNS' Managed POS Encryption service is a fully managed solution for the transport of encrypted credit, debit and other card-based payment transactions. Download this product sheet for a quick overview of this secure and reliable payment networking solution.
Chris Skinner
MARCH 5, 2018
A last post about financial inclusion and banking. I pondered the thought of how people who get inclusion will gradually rise and upscale to full service banking. I see it almost as a ladder of steps from exclusion to banked as follows: Step One: Financially Excluded (Hawala) These are people … The post The stepladder of inclusion appeared first on Chris Skinner's blog.
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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 9, 2018
EXCLUSIVE - On March 6 in San Francisco, 12 impressive startups demoed their latest in fintech technology at INV Fitnech's 2nd annual demo day. INV Fintech, the sister accelerator to Bank Innovation, is partnered with Fiserv and eight banking partners with over $3 trillion dollars in assets. The startups were carefully scrutinized and selected from.Read More.
PYMNTS
MARCH 5, 2018
In technology, and especially in payments, the competitive landscape is a heated one. The question, when eyeing the competition and trying to stay ahead of the curve, usually boils down to “build or buy?” But sometimes the strategy can be tweaked a bit to “buy and build.”. In an interview with PYMNTS’ Karen Webster, Philip McHugh, EVP and president of TSYS Merchant Solutions , laid out the strategy in a space — namely merchant services — that is rapidly evolving, and where TSYS has made a string
Bobsguide
MARCH 8, 2018
Dave Beach spoke to Pavol Magic, CEO of Biotron.io about the challenges and opportunities of the data market. Biotron.io is a user-permissioned and revenue sharing personal data warehouse benefiting from blockchain transparency to provide the most accurate user analytics, helping organizations make.
Chris Skinner
MARCH 9, 2018
I’m having lots of discussions about tokenisation and cryptocurrencies, and it often boils down to hashing the data. Hashing data is taking the source information which may be your account details or card information and shortening it into a machine-readable link that doesn’t share the original data. It’s a little … The post Making a hash of it appeared first on Chris Skinner's blog.
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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
Bank Innovation
MARCH 6, 2018
Data analytics is the most common digital technology currently being used by banks, a new report by consultancy Infosys, released yesterday, stated. But how are banks really making use of the technology? Data analytics-- which is just what it sounds liker-- is currently being used by 73% of the 1,000 bankers surveyed for the study,Read More.
PYMNTS
MARCH 5, 2018
PayPal looks to increase the adoption of cryptocurrency as a payment method by recently filing for a patent application. CoinDesk , citing an application with the U.S. Patent and Trademark Office titled “Expedited Virtual Currency Transaction System,” lays out a method by which private keys are traded from buyer to seller in an effort to cut down on the time it takes for payments to go through between a customer and a merchant.
Bobsguide
MARCH 7, 2018
Bank account structure is a key aspect of treasury management but it is also one of the most complex to understand and implement for a treasurer. There are a range of options and trade-offs that a treasurer must consider; a corporate can establish a one-to-one account-to-business unit (BU) account.
Chris Skinner
MARCH 5, 2018
Things we’re reading today include … Brits are souring on app-only startup banks Amazon Checking-Account Plan Sees Banks as Partner, Not Prey Shadow banking grows to more than $45tn assets globally Theresa May promises City won’t lose grip on global finance Special Report: Fidelity puts 6 million savers on risky … The post Things worth reading: 6th March 2018 appeared first on Chris Skinner's blog.
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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
Bank Innovation
MARCH 6, 2018
EXCLUSIVE – Cryptocurrency is an asset class that enables a new kind of software, Adam Ludwin, co-founder and CEO of blockchain technology platform Chain said at the Bank Innovation 2018 conference in San Francisco. That software, according to Ludwin, enables decentralization. At Bank Innovation 2018 in San Francisco, Ludwin spoke on the topic. Even, bitcoin,Read More.
PYMNTS
MARCH 7, 2018
Ripple — the blockchain company whose technology powers the cryptocurrency XRP — has created a new payment app in which transactions are settled instantly. According to news from CNBC , the new app was created with a group of 61 banks in Japan. Dubbed Money Tap, the mobile app will launch in the fall and will be initially offered through SBI Net Sumishin Bank, Suruga Bank and Resona Bank, three of the consortium partners.
Payments Source
MARCH 7, 2018
The many fintech startups that burst on the scene to compete with Western Union or MoneyGram are morphing into something else — white label providers for companies running on dated infrastructure.
Chris Skinner
MARCH 6, 2018
Things we’re reading today include … Amazon could become the third-biggest US bank if it wants to: Bain study Elizabeth Warren attacks ‘dangerous, wrong’ bill to relax rules on US banks RBS agrees to pay $500m in New York mis-selling settlement Is this the future of money? City watchdog bans … The post Things worth reading: 7th March 2018 appeared first on Chris Skinner's blog.
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Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.
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