Chris Skinner
FEBRUARY 14, 2018
I am very taken by the articulate and charismatic Jack Ma. Not because he’s one of the richest men in the world, but more because of his experiences and beliefs. If you haven’t listened to his interviews and thoughts at this years World Economic Summit, then I’d recommend you take … The post Inside the mind of Jack Ma appeared first on Chris Skinner's blog.
Bank Innovation
FEBRUARY 12, 2018
Mobile banking has officially gone mainstream: 55% of U.S. adults have at least one full-service banking app on their phones now, according to a study conducted by BankRate. Additionally, those consumers with bank apps are active users, with 70% stating that they use their app at least once a week, the survey of 1,156 adults […].
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Payments Dive
FEBRUARY 16, 2018
Scott Voigt, co-founder and CEO of FullStory, examines the state of mobile e-commerce and the challenges still in play when it comes to delivering a robust customer experience.
PYMNTS
FEBRUARY 14, 2018
A good forecast is a notoriously difficult thing to write – particularly if one is trying to write it about the payments and commerce ecosystem. Had we told the world a year ago today that Amazon was going to buy Whole Foods, that Walmart Pay would surpass Apple Pay as a consistently favored mobile payment method, that CES would essentially become a showdown between Alexa and Google Assistant, that Uber would take a major valuation haircut in its next funding round, that bitcoin was going to be
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
Chris Skinner
FEBRUARY 15, 2018
Someone made the comment on my platform piece about what happens when there are no Jack Ma’s or Mark Zuckerberg’s, as the whole thing is decentralised? I guess that this is logical as my last line was that government control of cryptocurrencies is “not so easy for cryptocurrencies that have … The post Regulating the cryptocurrency markets 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.
Payments Dive
FEBRUARY 14, 2018
The idea of having a computer one could wear is not new. Nevertheless, as common place devices like phones take on more sophisticated tasks, some developers have moved on to other spaces to roll their smart technology, namely the user’s wrist, in the case of smartwatches and fitness bands.
PYMNTS
FEBRUARY 14, 2018
Western Union reported results Tuesday that showed continued momentum in its digital business, as consumer money transfers grew on a cross-border basis. The company posted 4 percent growth in the top line to $1.4 billion, which topped the Street by $40 million, while earnings of 41 cents a share missed the Street by four pennies. In remarks made on the earnings call , Hikmet Ersek, president and CEO of the company, said that the improvement in the top line came amid improved spend in the company
Chris Skinner
FEBRUARY 13, 2018
I often talk about my week in Hangzhou last year, writing the case study on Ant Financial for the new book Digital Human, and particularly the words of Jack Ma on how he sees managing the Alibaba platform: Management. The word is there for regular companies. At Alibaba we treat … The post Will platforms replace governments? appeared first on Chris Skinner's blog.
Bank Innovation
FEBRUARY 14, 2018
The island nation of Mauritius will now have a sovereign fund dedicated to investment in fintech. According to reports, high-level Fintech and Innovation-driven Financial Services Regulatory Committee panel met last week to discuss the possibility of the fund that would focus on, among other things, fraud, security, and blockchain. The committee consist of seven members, […].
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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
Payments Dive
FEBRUARY 15, 2018
Visa's wearables initiative at the PyeongChang Games continued to illustrate how the card networks have acted more like technology companies than ever before as the payments industry continues to evolve.
PYMNTS
FEBRUARY 15, 2018
The conversation around B2B payments innovation and progress cannot be held without the banks. Sure, FinTechs are flocking to the industry to play their part in disruption, but traditional FIs have to be involved in addressing and solving the many, many points of friction that plague corporate payments today, from late invoice payments to clunky cross-border transactions.
Chris Skinner
FEBRUARY 16, 2018
I was sent a nice list of the Top 50 FinTech firms selected by Forbes. They introduce it as follows: Worldwide, $27.4 billion poured into fintech startups in 2017, Accenture reports, up 18% from 2016. With so much in play, it’s not surprising that 22 companies are new on this, the … The post Who are the hottest FinTech firms and Influencers around the world?
Bank Innovation
FEBRUARY 14, 2018
EXCLUSIVE – The Nordic countries, in the northern reaches of Europe, comprise a small region with a small population (about 26 million across 7 countries), but disparate payments infrastructure prevails despite a mobile-friendly populace. That’s why there is a need for a unified payments system in the region, Claus Bunkenborg, senior vice president of personal […].
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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.
Payments Dive
FEBRUARY 13, 2018
The Boston-based company has a new twist on in-vehicle payments that uses a device already present in some 35 million automobiles on the road today.
PYMNTS
FEBRUARY 12, 2018
Transaction banking products provider Intellect Global Transaction Banking (iGTB) and cloud-based software solutions firm Pivotal are partnering to enhance corporate banking technology for businesses in the U.S. and U.K. The companies made an announcement Friday (Feb. 9) noting iGTB will lend its cash management platform, CBX 18, to Pivotal clients via its Pivotal Cloud Foundry cloud platforms.
Chris Skinner
FEBRUARY 12, 2018
I was looking around at what’s new online, and just discovered the Hiscox 2018 Cyber Readiness Report. This is the second Hiscox Cyber Readiness Report, conducted by Forrester Consulting, and puts the spotlight not only on the financial consequences of individual cyber breaches but also on the enormous cost in … The post Most companies are unprepared for a cyberattack appeared first on Chris Skinner's blog.
Bank Innovation
FEBRUARY 15, 2018
EXCLUSIVE- Global technology company IBM is involved in more than 400 blockchain projects, according to its vice president of blockchain technologies, Gennaro “Jerry” Cuomo, who testified before Congress yesterday. That number doesn’t surprise IBM Director of Worldwide Payments, Rajesh Venkatraman, who told Bank Innovation, “most of our customers are in some shape or form exploring […].
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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
Payments Dive
FEBRUARY 13, 2018
Mobile Payments Today recounts all the ways we love our favorite transaction method, flaws and all.
PYMNTS
FEBRUARY 14, 2018
Small and medium-sized businesses (SMBs) have a problem. While SMB owners may be expert bakers, carpenters or designers, managing the back office activities that keep the business on an even keel is typically not their forte. That’s especially true when it comes to getting paid for their work, a process that can drag between getting invoices out and getting payments in.
Chris Skinner
FEBRUARY 15, 2018
Things we’re reading today include … Starling’s marketplace banking rollout adds pensions, savings, travel insurance and mortgages Amazon has partnered with Bank of America for its lending program The digital upstarts taking on Britain’s dominant few banks China’s HNA Group trims stake in Deutsche Bank Divorcing couples may clash over … The post Things worth reading: 16th February 2018 appeared first on Chris Skinner's blog.
Bank Innovation
FEBRUARY 12, 2018
EXCLUSIVE – What’s a bank to do when it’s core market is somewhere else and it’s trying to establish itself as a major player in a market already dominated by a set of major banks? The answer, at least to Barclaycard, is co-branding. Based in the U.K., Barclays is one of the major banks in Europe. […].
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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.
Payments Dive
FEBRUARY 16, 2018
Patricia O'Donnell, senior vice president at Key Bank, discusses this challenge that FIs face daily.
PYMNTS
FEBRUARY 16, 2018
A month after security researchers publicized security flaws in Intel ’s microchips, along with those of other manufacturers, the company is facing 32 lawsuits over the vulnerabilities. Intel was not able to estimate how much those lawsuits might cost the company, Reuters reported. The basis of many of the lawsuits is that Intel’s “actions and/or omissions” in relation to the flaws harmed Intel’s customers.
Chris Skinner
FEBRUARY 14, 2018
Things we’re reading today include … We are more likely to change our partner than our bank World’s richest people: in pictures Starling Bank unveils partnership with range of financial services providers Amazon has partnered with Bank of America for its lending program Bitcoin, Ethereum and Ripple price soars as … The post Things worth reading: 15th February 2018 appeared first on Chris Skinner's blog.
Bank Innovation
FEBRUARY 16, 2018
EXCLUSIVE — If there’s any question that digital mortgage firms are gaining attention from larger fintech players and investors, then look no further than venture capital firm Santander InnoVentures‘ investment in Roostify, a startup that digitalizes the mortgage application process. Madrid, Spain-based Santander InnoVentures, the fintech VC arm of major Spanish bank Santander Group, announced that […].
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Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se
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