Chris Skinner
APRIL 18, 2018
I meet a lot of senior executive teams of large banks. Some are visionary, many are committed and a large number understand that life is changing. Few understand how. I talk to them about the fintech world of change and how millennials are reshaping banking, from Stripe, started by two … The post Digital banking? Isn’t that just an app? appeared first on Chris Skinner's blog.
Payments Dive
APRIL 17, 2018
A TSYS study reveals mobile wallet users intend to use mobile payments more at brick-and-mortar retailers. But intent and actual use could vary based on a number of factors such as a smooth experience and security concerns.
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Bank Innovation
APRIL 20, 2018
JPMorgan Chase & Co. and the National Bank of Canada (NBC) announced today that they tested a debt insurance simulation on a new blockchain platform. NBC issued a one-year, floating rate certificate of deposit for $150 million dollars to JPMorgan on the platform, with JPMorgan creating a replica transaction to NBC using a debt issuance […].
PYMNTS
APRIL 16, 2018
Foursquare is offering small businesses (SMBs) and startups access to its geolocation API, according to VentureBeat reports on Friday (April 13). The company already offers location identification services to companies like Snapchat and Uber, enabling geolocation within their own platforms. Now, Foursquare is extending this service to SMBs via its Places API for Startups.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
Chris Skinner
APRIL 15, 2018
I can remember 1984 well, as it was the year after David Bowie’s biggest tour for the Let’s Dance album, and also ten years since Bowie had produced an album dedicated to George Orwell’s classic book 1984. The album was Diamond Dogs, featuring time-tested tracks like the title track and … The post Big Brother is Watching You 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.
Bank Innovation
APRIL 20, 2018
Payment providers Mastercard and Visa will combine their online checkout experiences into one, in an attempt to make e-commerce payments as simple as PayPal or Amazon. The initiative, announced earlier this week by both companies, would merge Mastercard’s Masterpass payment “button” with Visa’s, Visa Checkout “button,” creating a one-click option for consumers who are growing […].
PYMNTS
APRIL 17, 2018
Change sometimes comes to technology at the speed of light. Literally. In news that bowed from the Moscow Institute of Physics and Technology in March, strides are being made in developing a high-speed quantum internet. The developments in Moscow come even as companies are racing to develop quantum computers. Those machines would be fast enough, should they fall into nefarious hands, to shatter today’s hardiest encryption codes.
Chris Skinner
APRIL 17, 2018
I have many bad habits. The main bad habit is collecting. I collect lots of things. Old comics, old books, old people. Well, maybe not the last one, but one of my really bad habits is collecting money. I have this thing that I call the money museum at home, … The post Cash should be in a museum appeared first on Chris Skinner's blog.
Payments Dive
APRIL 20, 2018
While Amazon preps to expand Amazon Go, its cashierless retail shopping strategy, Berkeley Research Group leader Keith Jelinek offers insight on what's ahead with cashierless checkout and why consumer response is a key part of potential success.
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Bank Innovation
APRIL 19, 2018
EXCLUSIVE - For all the talk about appealing to millenials, not that many banks or FIs out there have figured out social media. Sure, most of them (if not all) use various social media platforms such as Twitter, Facebook, or even YouTube to promote their products and services, but it wasn’t easy to find ones […].
PYMNTS
APRIL 17, 2018
The initial inner workings of a price comparison tool called Basket began when Neil Kataria was a kid. He loved to optimize his mom and dad’s shopping trips by clipping coupons and spotting sales. Years later, he found himself spending a ton of baby products and groceries when he had a family. And comparing prices between grocers wasn’t an easy feat.
Chris Skinner
APRIL 18, 2018
It’s interesting looking at banks’ strategic updates and how integral digital is to everything in the banks now. Now I don’t have time to read all of these updates and reviews, but two did catch my eye recently: Lloyds Banking Group in the UK and JPMorgan Chase in the USA. … The post Lloyds and JPMorgan: a tale of two strategies appeared first on Chris Skinner's blog.
Payments Dive
APRIL 17, 2018
Bring diversity and breadth to your product-suite with our patented technology, enabling a seamless and simpler user experience. Available for Android, iOS, and Windows, let A2iA take your mobile document processing steps beyond where it is today.
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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.
Bank Innovation
APRIL 16, 2018
Goldman Sachs today announced it acquired PFM fintech Clarity Money for an undisclosed amount. The Wall Street Journal first reported that the two were in talks regarding the deal in February. The WSJ reported that Goldman was paying a “high eight-figure sum” for Clarity, which reported over 500,000 users within seven months of its launch […].
PYMNTS
APRIL 17, 2018
It wasn’t so long ago that traveling to a new city meant swinging by the bookstore, picking up a guidebook and planning the itinerary based on one’s research of the area. Entire businesses were built upon the notion of providing local tips and expertise to non-locals. Thanks to the smartphone, those days are gone – but in terms of a digital replacement for the guidebook, it’s still largely a cobbled-together experience across several apps with different purposes.
Chris Skinner
APRIL 19, 2018
I get invited to lots of different events from speaking and moderating conferences to joining via Skype or WebEx to running webinars and tweetups. I had one of those the other day with Oracle, and they kindly wrote a summary of what we discussed. Enjoy and for the record, the … The post What does crusty old bread, jumping off a cliff and King Canute have to do with financial services?
Payments Dive
APRIL 19, 2018
This case study reveals how TNS is helping AVEO Group, on behalf of its Credit Agricole Group entities, to strengthen its payments infrastructure. The TNS solution has been designed to deliver all types of transaction traffic and provides real-time visibility, monitoring and reporting.
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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.
Bank Innovation
APRIL 16, 2018
Standard Chartered has officially open its eXellerator facility, a center designed to promote the innovation of fintech, in Hong Kong, the bank announced today. The bank will operate the innovation center under its SC Ventures arm, which invests in emerging fintechs and other startups. The eXellerator, designed by co-working space company WeWork, is a space […].
PYMNTS
APRIL 18, 2018
The coalition rewards programs have had some success gaining traction in Europe, as American Express’ experiment with launching one stateside seems to have come to an end. Plenti , the Amex frequent shopper program, brought a lot of high-profile merchants like Macy’s , Rite Aid and ExxonMobil under a single rewards heading – and then distributed Plenti points to consumers who frequented the right merchants.
Chris Skinner
APRIL 16, 2018
Things we’re reading today include … Bank web apps are the “most vulnerable” to getting hacked, new research says Blockchain to disrupt Swiss hold on global bank system, Moody’s says Wall Street still has lessons to learn about overworked staff BofA profit beats estimates on higher interest rates, loan growth … The post Things worth reading: 17th April 2018 appeared first on Chris Skinner's blog.
Payments Dive
APRIL 17, 2018
Analytics is at the core of innovation and differentiation in payments. With the growth of digital payments, banks have a plethora of data available from an increasing number of digital payment sources including issuance and acquiring systems.
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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
APRIL 17, 2018
Coinbase, one of the top cryptocurrency exchanges in the United States, has acquired Earn.Com in a deal valued at $120 million. The deal will also place Earn co-founder and CEO, Balaji Srinivasan, in the role of Coinbase chief technology officer, the first CTO the exchange has had. Other members of its team will also be […].
PYMNTS
APRIL 17, 2018
Samsung is reportedly looking into blockchain technology to manage its supply chain, reports in Bloomberg said on Monday (April 16). The technology conglomerate, which is the world’s largest smartphone and semiconductor maker, is exploring a blockchain-based ledger system to manage its international supply chain. Samsung SDS VP and Blockchain Chief Song Kwang-woo said that supply chain involves the transport of billions of dollars worth of goods every year.
Chris Skinner
APRIL 19, 2018
Things we’re reading today include … Why India’s Paytm isn’t afraid of WhatsApp Commonwealth Bank charged fees to dead clients, royal commission hears TransferWise becomes first non-bank to join BoE payment system Deutsche Bank’s chief operating officer leaves amid raft of departures A recent history of Australia’s banking scandals Lost … The post Things worth reading: 19th April 2018 appeared first on Chris Skinner's blog.
Payments Dive
APRIL 17, 2018
As consumers adopt new online banking and payment methods, retail banks will have to follow.
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