Chris Skinner
MARCH 20, 2016
I’ve been illustrating my frustration with incumbent banks for some time, saying that they lack technology leadership. Almost a third of my new book talks about the biggest challenge for banks to respond to Fintech, Big Data, Cloud, Blockchain and all those other issues is to have leadership.
Payments Dive
SEPTEMBER 22, 2016
FIs and payment processors have a major opportunity to collaborate with FinTech pioneers such as Moneymailme to serve the growing market for mobile social media money transfers.
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Bank Innovation
OCTOBER 19, 2016
An obvious statement: The banking world is changing. However, it does give rise to less obvious questions: Just how fast is it changing, and in what ways? For instance, what will the banking world look like in five years? Will there be chatbots in every smartphone and every app? Will Read More.
PYMNTS
SEPTEMBER 26, 2016
“It’s better to be a dog in a peaceful time, than to be a human in a chaotic period,” is the literal translation of what has been proffered over the years as English translation of the Chinese saying “May you live in interesting times.”. That, of course depends on who you ask. I recently asked Paul Galant, CEO of Verifone. From his days as CEO of Enterprise Payments at Citi to now CEO of the world’s largest electronic POS technology provider, Galant has seen and lived thru a number of interestin
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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.
Insights on Business
DECEMBER 7, 2016
A recent article in The Globe and Mail , The biggest threat to banks? Legacy systems, not fintech (November 2016), by Mike Gardner seemed to go viral on my Twitter stream. In the article, Mike describes huge losses for JP Morgan and the collapse of MF Global caused by IT systems and the use of inappropriate tools that may have been put in place more than 25 years ago.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bobsguide
OCTOBER 23, 2016
60% of asset and wealth managers fear losing part of their business to fintech companies, according to PwC’s 2016 Global Fintech Survey. The reality of this fear is being hotly debated in the traditional financial sector currently, as many banking professionals also feel threatened by new.
Let's Talk Payments
DECEMBER 3, 2016
As much as financial technology innovators would like to believe in a challenge they impose on institutions, in reality, the hype is often exaggerated. Among factors that played a.
BankNXT
OCTOBER 7, 2016
Banks are beginning to recognise the potential of blockchain. Oscar Jofre looks at what this could mean for financial services in 2017. What will happen to blockchain in 2017? on BankNXT.
NCR
NOVEMBER 28, 2016
Improving fraud detection and prevention is a top priority for any financial institution (FI), but banks face a delicate balance to get this right. If the systems they have in place are not robust enough when it comes to red-flagging suspicious activity, fraudulent transactions will be allowed to slip through, which will anger customers. But on the other hand, an overly-cautious approach may result in a high number of false positives, where legitimate transactions are declined.
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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
Jessica Ellerm
OCTOBER 30, 2016
Recently I experienced one of those terrible and highly inconvenient banking ‘life events’ no one wants to go through, yet these days seems all to inevitable. My debit card got skimmed. It’s the second time in a year I’ve been an unwilling participant in this particular banking rite of passage. Last time it was some rogue spending up large online with my credit card, on stationary at Officeworks, of all things.
Chris Skinner
OCTOBER 24, 2016
I spotted a lengthy, but very insightful post, on LinkedIn the other day by Ben Robinson, Chief Strategy and Marketing Officer for Temenos. I don’t usually highlight such pieces, but felt this worth replicating here, and Ben kindly agreed. Enjoy … Four banking business models for the digital age Digitization of the banking industry is … The post Four banking business models for the digital age appeared first on Chris Skinner's blog.
Payments Dive
OCTOBER 6, 2016
Michelle Evans, the digital consumer manager for Euromonitor International, shares some findings from the company's latest global research.
Bank Innovation
OCTOBER 12, 2016
APIs (application programming interfaces) are fast becoming integral to the banking world, but corporate culture has not yet caught up with the technology, according to data from a survey conducted by the Open Bank Project together with Bank Innovation. In 2015, 62% of survey respondents indicated corporate culture and bureaucracy Read More.
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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.
FICO
NOVEMBER 30, 2016
In many ways I think 2016 was the year that analytics hit the mainstream. At cocktail parties and in coffee shops, 2016 has been the year that we data scientists suddenly felt a bit like – dare I say it? – rock stars. A quick Google search provides a fascinating data point: “analytics 2015” returned 28.6 million hits. “analytics 2016” returned 52.3 million hits.
Insights on Business
OCTOBER 20, 2016
In March of 2016, I testified on the revolutionary nature of blockchains before the U.S. House of Representatives’ Energy and Commerce Subcommittee on Commerce, Manufacturing & Trade. Since that time, blockchains have continued garnering interest across multiple industries from banking to health care, and have been explored for quite a few additional use cases.
Disruptive Finance
DECEMBER 5, 2016
It may look like shoplifting, but it's actually Amazon's latest real-world shopping experiment.
American Banker
NOVEMBER 29, 2016
After more than two decades bringing underbanked consumers into the mainstream, Bryant has found a way to combat financial illiteracy that also addresses two critical business problems facing banks today: keeping branches relevant and finding new customers.
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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
Let's Talk Payments
NOVEMBER 21, 2016
As shocking as it may seem to the developed world, 39% of the world’s population, mostly comprised of the population in developing countries, does not have a bank account. Despite.
BankNXT
JULY 6, 2016
Luis Rodriguez asks the question, are you ready to bring artificial intelligence to your bank via bots? Artificial intelligence in banking – a pain in the bot? on BankNXT.
NCR
DECEMBER 5, 2016
Not so long ago, blockchain technology was still something of a peripheral concern for most traditional financial institutions. Seen mainly as simply a part of the underlying infrastructure behind virtual currencies like Bitcoin, it was not considered a priority by many banks. But this view is now changing rapidly as its potential to transform the way many key activities, from payments to stock trading, becomes more recognised.
CB Insights
OCTOBER 26, 2016
We took a look at our real-time unicorn company tracker and found the early websites of some of the most valuable private companies before they became the juggernauts that people are talking about today. We’ve added 27 new companies to our … Continued.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.
Chris Skinner
OCTOBER 10, 2016
I was thinking about not sharing this info but hey, as you are good enough to read my blog … here’s the bottom-line on digital disruption (ed: oh no, Chris said the D-word!). There’s a slide that’s been doing the circuit for a while. It comes from Visual Capitalist, and charts the change in the world’s … The post If you want to convince the bank to change, read this blog appeared first on Chris Skinner's blog.
Payments Dive
DECEMBER 9, 2016
Scott Blum, the vice president of Total Merchant Services, gives his take on what he expects from mobile payments in the new year.
Bank Innovation
OCTOBER 1, 2016
Coming down from a 4-day conference with 8,000 attendees and wrapping it all up in a blog post is hard, because one has to focus on the signal despite all the noise being so interesting. Last year in Singapore, I had 6 takeaways, having not been to SIBOS for a Read More.
The Financial Brand
NOVEMBER 7, 2016
Banking providers are investing in innovation, changing business models and partnering with fintech firms to respond to digital consumer expectations.
Speaker: Gary Dmitriev
Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.
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