Chris Skinner
MAY 7, 2019
I blogged in March (Transforming the bank – three phases of change) about the method to make systems change happen to transform the bank. In another conversation, I then realised that there are three phases of organisational change to transform the bank. The first phase is a recognition that the … The post The reason digital is a leadership challenge and not a project appeared first on Chris Skinner's blog.
Payments Dive
MAY 10, 2019
As venture capital continues to look for new opportunties, startup firms in the fintech space are taking unique approaches to payments and financing to raise new funding to accelerate their growth.
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Bank Innovation
MAY 8, 2019
Having spent a lot of time attending to retail customers, banks are now trying to digitally transform their wealth management and commercial lending businesses. In the process, banks hope retail customers will buy these non-retail products. "Statistically speaking, digital innovation on the commercial banking side has been significantly slower than what we've seen on the […].
PYMNTS
MAY 8, 2019
Amazon was the target of an “extensive” cyberattack in which hackers stole money from merchant accounts and funneled them into their own, according to a report by Bloomberg. The attacks occurred between May and October of 2018. Amazon said the hackers compromised about 100 seller accounts, taking cash from either loans or sales and putting it into their own accounts.
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Chris Skinner
MAY 8, 2019
I recently gave a speech where the title was FinTech or TechFin? Everyone had been give a copy of my book Digital Human, and the speech was transcribed. Here it is: FinTech or TechFin? Thank you for inviting me to join you here. It is a great honour. I’m a technologist … The post FinTech or TechFin (speech transcript) 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.
Accenture
MAY 7, 2019
Guest blogger Philip Cooney explores the techniques banks need to deploy to make it easy for customers to open a bank account in the digital age. I’m sitting in a cafe having a cup of coffee and sharing a muffin with my five-year-old, when I overhear two teenagers at the next table talking about banking, of all things. What they are specifically discussing is the Revolut account and how impressed they are with the overall customer experience and features (I’m paraphrasing a bit).
Bank Innovation
MAY 8, 2019
The inner workings of Facebook Inc.’s blockchain team are still shrouded in secrecy, but it’s staffing up, according to people familiar with the group. Those people said that its product, which Bloomberg earlier reported will be a type of cryptocurrency, could be announced as soon as next quarter. Launched last May, Facebook’s blockchain unit now counts 50 […].
Chris Skinner
MAY 9, 2019
I used to blog about blockchain and cryptocurrency almost every day. I stopped as it got too hyped, scammed and boring. In fact, my last blog was about the blockchain hype being dead, but the blockchain dream is still very much alive. Now, most people think that blockchain is something … The post Bitcoin, Stablecoin, Blockchain, Enterprise Ledger … WTF?
Payments Dive
MAY 7, 2019
Effective connectivity management is key to a successful IoT deployment.
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PYMNTS
MAY 8, 2019
The world is becoming one big marketplace — even if the marketplace doesn’t always look like one. That’s not some ancient riddle updated for these roaring days of digital commerce and payments, but informed knowledge passed along by Adrien Nussenbaum, CEO and co-founder of Mirakl , during the latest edition of the PYMNTS Matchmakers interview series.
Bank Innovation
MAY 10, 2019
The U.S. House Financial Services Committee has unanimously adopted two resolutions establishing task forces for fintech and artificial intelligence. The Task Force on Financial Technology will examine issues including “the current legal framework for fintech, how fintech is used in lending and how consumers engage with fintech,” the committee stated.
Chris Skinner
MAY 7, 2019
As those who read my blog will know by now I chair a very active group called Nordic Finance Innovation (NFI), based out of Oslo. Our last meetings were a great success and NFI rapporteur Danielle Pamela Neben did a great write-up afterwards. I’m guessing most of you will have … The post It’s all about the data appeared first on Chris Skinner's blog.
Payments Dive
MAY 7, 2019
A lawsuit brought by New York banking regulators could have a significant impact on fintech development amid efforts by federal authorities to drive innovation.
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PYMNTS
MAY 6, 2019
The news last Friday that Facebook has plans to launch its own global crypto-based payments rails is déjà vu all over again. Déjà vu because it was 10 years ago, in May of 2009, that Facebook launched the alpha version of Facebook Credits. Credits was a virtual currency and payments platform used to power in-app purchases on Facebook. It shut down in 2012, 15 months after its official launch.
Bank Innovation
MAY 10, 2019
Banks and their venture arms increasingly are backing cybersecurity startups, investing in everything from threat intelligence to data security firms, according to a new CB Insights report. In 2018, select financial firms including JPMorgan Chase, Goldman Sachs and Citigroup and its VC arm Citi Ventures, participated in a record-high 13 deals with cybersecurity startups.
Chris Skinner
MAY 5, 2019
I’m sure some people see me walk into a room and go oh no, not him. I have a position, and it’s not popular with everyone. But I don’t care. On my LinkedIn profile, I describe myself as a troublemaker, and no issue, I’m sticking with that. So, boot on … The post What does your leadership look like? appeared first on Chris Skinner's blog.
Bobsguide
MAY 8, 2019
It’s official. Insurance has moved on. It is very big business and new technologies have changed how agencies offer their products – as well as how customers buy their cover. It’s a revolution that demands modernization. The $1.2trn insurance industry understands.
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PYMNTS
MAY 6, 2019
Faster, faster, faster — that’s the motto driving so much of payments innovation today. Real-time payments offers promise for both small and medium-sized businesses (SMBs) and consumers. That holds especially true for the Asia-Pacific region, as InstaReM CEO and Co-Founder Prajit Nanu discussed with Karen Webster in a new PYMNTS podcast interview.
Bank Innovation
MAY 10, 2019
Bank of New York Mellon has named Subhankar Sinha as Head of Blockchain. A BNY Mellon spokesman told Bank Innovation that the position is new at the bank “and was created as a result of the acceleration of proof-of-concept initiatives across the bank that align with BNY Mellon’s growth strategy and digitization priorities.” Sinha’s blockchain […].
Chris Skinner
MAY 5, 2019
Things we’re reading today include … How the collapse of a football league is tied to crypto’s biggest banking scandal ‘You can’t buy bitcoin’ – is how banks promote bitcoin says economist Digital disruption is coming to banking at last Young people and their phones are shaking up banking Brexit … The post Things worth reading: 6th May 2019 appeared first on Chris Skinner's blog.
Ron Shevelin
MAY 6, 2019
A new survey of US consumers finds huge demand for Apple's new credit card. Issuers like Wells Fargo and US Bank could get hit hard.
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PYMNTS
MAY 6, 2019
PCI compliance is top of mind for many organizations, with a burden and commitment from the chief financial officer (CFO) suite that is not nominal — and quite capital intensive. FinTech firms, however, are looking to lessen that work through their offerings: Modo , in one case, has a Modal component to its /Checkout product. “We allow a merchant to come in and offload their PCI requirements” by hosting the capture of sensitive data, Modo Chief Product Officer Ryan Lee told PYMNTS in an intervie
Bank Innovation
MAY 9, 2019
Green Dot, a Pasadena, Calif.-based fintech with a banking license, appears ready to go all-in on its banking-as-a-service platform business. Executives announced plans during the firm's first-quarter earnings call yesterday to invest an incremental $60 million in the second half of 2019 for the purpose of “aggressively marketing” new products set to launch over the […].
Chris Skinner
MAY 4, 2019
The main blog headlines are … Banking in the Cloud 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 … The post The Finanser’s Week: 29th April – 5th May 2019 appeared first on Chris Skinner's blog.
Payments Source
MAY 10, 2019
Amazon is undeniably a juggernaut in the realm of e-commerce and digital payments — but its journey was filled with missteps and failed experiments.
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