Bank Innovation
OCTOBER 3, 2017
Technology provider Oracle is moving forward with its “open banking initiative,” a project that includes an open API framework to better allow banks and fintechs to work together on innovation. The company announced the platform yesterday during its “Oracle Open World” conference. The platform is a “platform as a service” initiative aimed at creating greater […].
Chris Skinner
OCTOBER 2, 2017
I’ve said continually that firms like Google and Amazon will never open a bank. I still believe that this will be the case – Facebook and Apple also fall into this view – and mainly hold this view because these companies would find full service banking a difficult and unprofitable … The post Do you really think that Google or Amazon want to be a bank?
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Payments Dive
OCTOBER 6, 2017
While there are pros and cons to a bank forging its own way with mobile payments outside the Pays, industry executives on a panel last month at the Bank Customer Experience in Chicago agreed financial institutions should be aware of, and explore, all developments in the industry.
PYMNTS
OCTOBER 6, 2017
The Electronic Payments Association and the Payments Innovation Alliance announced Wednesday (Oct. 5) that it released a Meeting Summary Report and Overview Document from the latest meeting of the API Standardization Industry Group. In a press release , the groups said the API Standardization Industry Group, which was formed in spring of 2017, is aiming to standardize the use of APIs in the U.S. financial services industry.
Advertiser: Trellis
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
Bank Innovation
OCTOBER 4, 2017
Customers who use mobile banking apps more often than their peers are likely to have a better understanding of their financials, according to research conducted by Citibank. The bank’s Mobile Banking Study, released last week, found that 65% of mobile banking users were confident that they knew the exact balance of their bank accounts, versus […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
OCTOBER 5, 2017
The rise of 'Scan and Go' technology, coupled with other industry developments, is helping retailers to overhaul the buying experience that they offer their customers. So, what do retailers need to know about Scan and Go, and what are its benefits?
PYMNTS
OCTOBER 3, 2017
Cryptocurrencies may have naysayers on Wall Street, but Goldman Sachs isn’t one of them, according to news from The Wall Street Journal. Citing people familiar with the matter, the Wall Street Journal reported that Goldman Sachs is mulling whether to launch a new trading business that is focused on bitcoin and other cryptocurrencies. If the firm moves ahead with these plans, it will be the first high-profile Wall Street company to deal directly in the bitcoin trading market.
Bank Innovation
OCTOBER 3, 2017
The Acting Comptroller of the Currency of the United States, Keith Noreika, has stated that he is considering imposing a nationwide licensing program for cryptocurrency exchanges, similar to the licensing program recently enacted in Japan. This hypothetical licensing program could put into place a nation-wide, unified regulatory framework for cryptocurrency exchange platforms.
Chris Skinner
OCTOBER 6, 2017
I just spotted that Gartner have made a series of ten bold predictions for IT 2018 and beyond. They are summarised nicely by Forbes and are: By 2021, early adopter brands that redesign their websites to support visual- and voice-search will increase digital commerce revenue by 30%. Gartner has found that … The post The next ten years of technology from Gartner and Skinner appeared first on Chris Skinner's blog.
Advertiser: ZoomInfo
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
Payments Dive
OCTOBER 3, 2017
It's time for a look back at September's most-read articles and blog posts on Mobile Payments Today.
PYMNTS
OCTOBER 2, 2017
“Retail isn’t dead; it needs a revival.”. With a list of bankruptcies growing ever longer, suburbs hosting the carcasses of scores of dead and dying shopping malls and foot traffic on an ever-falling curve, it’s not hard to draw the conclusion that retail — or, at least, the brick-and-mortar version of it — is dead. But b8ta doesn’t buy it, hence the motto quoted above.
Bank Innovation
OCTOBER 6, 2017
Electronic Payments Association NACHA has named the first five APIs, chosen from a list of 16, that it will be developing in its efforts to further advancements in payments and digital finance. These APIs were chosen from a larger list that included several categories for potential development, including some that aimed to reduce fraud and […].
Chris Skinner
OCTOBER 5, 2017
I was talking about space exploration with a colleague the other day. They looked at me rather incredulously and wondered if I was a little bit barking mad. No, I’m quite serious, I explained, and put the case for the view that my children will be astronauts. Now I have … The post 100 years from now, will we look back and think how ignorant we were?
Advertisement
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Accenture: Banking
OCTOBER 3, 2017
Open banking—where banks expose their data, functions and services to an ecosystem of customers, employees, third-party developers and vendors—has been hotly anticipated in Europe. We know almost US$1 billion was invested in PSD2-enabled services in 2016, up 200 percent from the year before¹. Of course, some of this investment came from banks. But much of it originated from the group of voracious digital competitors circling banks’ traditional territory.
PYMNTS
OCTOBER 6, 2017
On Thursday (Oct. 5), Alenka Grealish, senior analyst at Celent, penned an article for American Banker with a prediction: The small business (SMB) credit space is headed for a “shake-up.” The small business loan market is oversaturated, she argued, creating a “FinTech credit bubble” that first showed signs of deflating as investors pulled out of some players like CAN Capital and LendingClub in 2016.
Bank Innovation
OCTOBER 3, 2017
EXCLUSIVE— Potential homebuyers can be barred from entering the market simply because of the cost of a mortgage down payment. CMG Financial, a mortgage banking firm, is looking to change that with its new crowdfunding platform, HomeFundMe. The platform, announced by the firm yesterday, is designed exclusively to help consumers crowdfund the necessary money for […].
Chris Skinner
OCTOBER 4, 2017
Things we’re reading today include … Soaring rates of ‘shadow banking’ add to fears of Chinese debt, warns World Bank Orange is launching Orange Bank on November 2 Foiled £250m Brazil bank robbery ‘would have been biggest in the world’ U.S. lawmakers seek to shut banks that harm consumers SEC … The post Things worth reading: 5th October 2017 appeared first on Chris Skinner's blog.
Advertisement
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.
Abrigo
OCTOBER 6, 2017
During a Sageworks webinar on HVCRE risk management Rob Ashbaugh, senior risk management consultant at Sageworks, explained that clarifications on some of the murkier aspects of the HVCRE (high volatility commercial real estate) rule were anticipated by the industry. On September 27, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency released a Community Bank Summary entitled Proposed Simplification to
PYMNTS
OCTOBER 6, 2017
Fides Treasury Services is integrating corporate payments capabilities into its offering. The company announced Thursday (Oct. 5) that it is launching EFT Web, a platform for corporate treasurers to execute and manage payments. The solution supports payment files of any format, Fides said, and supports automation while providing added security for these transactions.
Bank Innovation
OCTOBER 5, 2017
EXCLUSIVE— Innovation is a tricky business. You want your bank to onboard customers on mobile devices, for example (good idea!) but what is the best way to do that? An imperfect implementation could lead to major problems. There are many ways to go about exploring this — you can read the research, you can compare notes […].
Chris Skinner
OCTOBER 2, 2017
Things we’re reading today include … Bank of England tells lenders to find £116bn to help prevent bailouts Exclusive: U.S. mulls further Wells Fargo sanction over sales abuses – source Banks to switch to real-time payments from Australia Day Bank of England sets out bank rescue rules Venture capitalists urged … The post Things worth reading: 3rd October 2017 appeared first on Chris Skinner's blog.
Advertisement
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.
Abrigo
OCTOBER 5, 2017
Ancin Cooley, CIA, CISA, of Synergy Bank and Credit Union Consulting , recently presented at the 2017 Sageworks Risk Management Summit on the Perspectives of Lending Dysfunction: Loan Officers, Credit Analysts and Loan Reviewers. According to Cooley, the major cause of dysfunction between the lending department and credit risk function is an inability to see or appreciate the other function’s perspective.
PYMNTS
OCTOBER 4, 2017
Rumors are swirling that Apple is currently testing Apple Pay Cash internally using iOS 11.1 and an accompanying device certificate. According to news from 9to5Mac , 11.1 was released in beta to developers last week, but not everyone received Apple Pay Cash. The new service was announced at Apple’s Worldwide Developers Conference over the summer, but the feature wasn’t included when iOS 11 launched to the public last month.
Bank Innovation
OCTOBER 5, 2017
The French telecom company Orange is launching an online bank, after rolling back the launch of the service for several months. The launch of the service, known as Orange Bank, will take place on November 2nd; this follows the postponements of its initial launch, which was scheduled for July 6th of this year. Orange CEO […].
Chris Skinner
OCTOBER 1, 2017
Things we’re reading today include … Two thirds of consumers don’t want to share financial data in blow to ‘open banking’ revolution Equifax reviews its top lawyer’s role in executive stock sales: WSJ Three million small businesses still don’t accept cards, despite move away from cash City managers ‘keep a … The post Things worth reading: 2nd October 2017 appeared first on Chris Skinner's blog.
Advertiser: ZoomInfo
ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!
Expert insights. Personalized for you.
358 
Let's personalize your content