On The Web

nbsp;

Uncategorized

Not just dumb pipes: Fintech investment slows as banks try to gain back control

April 5 2018

“The Banks in Fintech report, released this week, found that banks have been foregoing big investments and partnerships over the past five quarters with a preference for building products in house — particularly in lending, payments and personal financial management. In both the U.S. and Europe banks spent more of their architecture investment dollars on capital markets software companies […]

nbsp;

Uncategorized

The Future of Banking

March 23 2018

“So, what does the future of banking look like with access to all of this technology? The way customers interact with their financial institutions will continue to evolve and will leverage the technologies laid out in this article – even though the core tenets of banking (lending, deposit taking, and financial advice) will more than […]

nbsp;

Uncategorized

Eye on E-Commerce Fraud: CyberSource And Worldpay Harness Machine Learning And Big Data

March 22 2018

“Machine learning and huge swaths of data are being enlisted in the battle to counter online fraud, with CyberSource announcing an enhancement to its fraud-prevention service and processor Worldpay Inc. launching a new fraud-prevention service Wednesday at MRC 2018, the annual conference held by the Merchant Risk Council.”

nbsp;

Domains

Banks are turning branches into coworking spaces

May 21 2018

“As megabanks like JPMorgan Chase and Bank of America work on improving business banking by enabling things like digital onboarding and Zelle for business customers, small banks are working on branch innovation, mostly by turning them into coworking spaces. Earlier this year, JPMorgan Chase said despite the continuing decline of bank branches it would open 400 new ones […]

nbsp;

Uncategorized

The Future of Biometrics in NextGen Payments [VIDEO]

March 20 2018

“How will consumers use biometrics for payments in the future? With the advance of face, finger, and voice identification, biometric technologies will be integrated with IoT devices to provide a better customer payment experience.”

nbsp;

Uncategorized

The Pros and Cons of Postal Banking

April 30 2018

“Everything old is new again, it seems. My most recent column covers an idea for a government “job guarantee” that has faded into and out of the popular consciousness since the 1940s. Now Sen. Kirsten Gillibrand (D., N.Y.) wants to use the U.S. Postal Service to compete with retail lenders, another idea that resurfaces periodically.”

nbsp;

Uncategorized

Zelle places its bets on corporate-customer transactions

April 30 2018

“But even though Early Warning Services, the payment network behind Zelle, has focused many of its efforts on peer-to-peer services since then, it has “several” large corporate customers that use Zelle to disburse money to individuals, said Lou Anne Alexander, Early Warning’s group president for payments. Their transactions tend to be smaller in volume but […]

nbsp;

Uncategorized

N26 raises $160 million from Tencent and Allianz

March 20 2018

“German startup N26 just raised a $160 million Series C round led by Tencent and Allianz — some of N26’s existing investors are also participating. The company has attracted 850,000 customers and raised $215 million in total. N26 is building a retail bank from scratch.”

On The Wires

nbsp;

Uncategorized

T-Mobile and Sprint to Combine, Accelerating 5G Innovation & Increasing Competition

April 30 2018

“The combined company will be named T-Mobile, and it will be a force for positive change in the U.S. wireless, video, and broadband industries. The combination of spectrum holdings, resulting network scale, and expected run rate cost synergies of $6+ billion, representing a net present value (NPV) of $43+ billion will supercharge T-Mobile’s Un-carrier strategy […]

nbsp;

Uncategorized

Nearly 80 Percent of Banks Expect Real-Time Payments and Open Banking Will Drive Payments Transformation Over Time

April 30 2018

“As open banking continues its rapid ascent, nearly 90 percent (87) of banks globally plan to move forward with open APIs, according to new benchmark data, “2018 Global Payments Insight Survey: Retail Banking,” from ACI Worldwide (NASDAQ: ACIW) and Ovum. The benchmark, comprised of responses from executives across financial institutions, merchants and billing organizations such as consumer finance […]