• 2018 Innovators to Watch: 44 Executives Shaping the Future of Banking—Bank Innovation

    Every year Bank Innovation assembles a list of 44 innovators that caught our attention in digital banking and fintech. These are the people Bank Innovation believes to be this year’s movers and shakers in the industry, paving the way with forward-thinking technologies and ideas. This year the list contains a variety of innovators ranging from chief innovation officers at major banks to leaders at smaller fintech establishments.
  • Finance, Logistics Compete for Blockchain’s Attention—

    The skeptics are flocking out of the shadows to warn investors and innovators that blockchain may not be the catch-all solution and market-changing disruptor it promises to be. Yet, supporters of the technology seem to be stronger than ever. The latest vocal proponent of blockchain for the enterprise is Sergio Ermotti, CEO of UBS Group.
  • Real-time corporate payments not ready for prime time

    Real-time payments are closer to reality, but banks have a lot of kinks to iron out behind the scenes before they can launch that service for their corporate clients. A new report from Aite Group suggests that there is little consensus about how banks will delegate operational tasks within their companies, how much they will charge commercial customers, whether they an set deadlines for same-day transactions, and which support services they will offer customers.
  • Faster Payments Takes Off For Corporates, But Not Blockchain

    Corporate digitization efforts are well underway, and finance departments are often prime targets for this disruption. But a company’s interest and efforts to adopt new technologies does not always mean that all B2B payment processes are improved. Instead, new research suggests that the enterprise is embracing some tools and tech (but not all), and applying them to some aspects of B2B payments (but not all).
  • How can real-time payments be secured? -- Global Banking & Finance Review

    For this reason, real-time payments (RTP), also known as ‘faster payments’ or ‘instant payments’, are gaining momentum globally. Accenture estimates that there are now 35 countries with real-time payment schemes in operation or under development.
  • Blockchain—the smart road ahead for B2B e commerce -- Digital Commerce 360

    Blockchain presents advantages of increased safety and lower costs in international as well as domestic payment transactions. It can also replace paper-based and manual purchase orders and other trade documents, using “smart” contracts.
  • Venmo slims down to keep up with bank-backed payment rival Zelle -- The Hustle

    Payment app Venmo will discontinue its little-used website product to cut costs as part of a revamp that will double down on its mobile app to compete with Zelle — a payment platform forecast to surpass Venmo in user count sooner than later.
  • Artificial Intelligence at the changing face of Payment Fraud -- Finextra

    A continuous strive towards making payment faster and easier is embracing technology innovation, like never before, which at the same time is creating newer risk exposures for frauds and money laundering. Multi-dimensional initiatives around setting up new infrastructure (RTP in the US, NPP in AUS), building new services/channels (Zelle, fragmented wallets) or in driving technology-led innovation (contactless payments, IoT commerce, Blockchain).
  • How Payments Will Power A New World Of Globalization And Gigs --

    As recently as two years ago, hundreds of thousands of Chinese patients and students were flocking to the U.S. That number has surely climbed (steeply) since that last official count, especially if Flywire and UnionPay have anything to say about it. And though the world of commerce, healthcare and education are getting smaller (thanks to the power of digital payments), the world of work is getting bigger and more dependent on building faster payments. It’s easy to get swept up in the digital payments wave — given all it powers — but it bears remembering that with trillions of dollars in value floating around in good old-fashioned (and still much beloved in some segments) paper money, cash payments need innovation, too.
  • Taking The Good Of B2C Payments — And Leaving The Bad — For B2B eCommerce --

    With the B2B eCommerce market towering over B2C’s in terms of transaction value — Forrester Research estimates the U.S. market will grow from $889 billion by the end of 2017 to $1.2 trillion by 2021 — the business-to-business payments market is primed for disruption.
  • 10 Main Fintech Sponsors From Money20/20 Europe Which You Probably Did Not Know? -- Inside Bitcoins

    Money20/20 is undeniably one of the largest event series in the world focusing on fintech, payments and the financial services industry. Each year, the premier global event gathers thousands of C-level executives, renowned speakers, innovators and disruptors from across the world to discuss the future of banking and finance. The Money20/20 annual events take places every year in Europe, Asia and North America.
  • How to make P2P payments pay for banks -- Banking Exchange

    By offering free person-to-person payments, Venmo was able to gain an early edge, and set the customer expectation for free P2P transactions. Since banks have banded together through the Zelle network to take on Venmo in P2P payments, the question of how to monetize P2P transactions has concerned the industry.
  • PayThink: To be truly innovative, banks have to cede control of payments data – PaymentsSource

    While the open banking revolution has yet to officially land in America, progressive financial institutions are leveraging application programming interfaces to gain a competitive edge in the payments industry.
  • Zelle Will Overtake Venmo in 2018 eMarketer estimates that Zelle will grow by more than 73%

    It may be one of the newest services for transferring money to a friend via smartphone, but Zelle has quickly surpassed the competition to become the most used peer-to-peer (P2P) mobile payment platform in the US.
  • Banking Industry's Zelle Seen Outgrowing Square Cash, PayPal's Venmo -- Investor’s Business Daily

    Zelle, a person-to-person mobile payment service launched by 30 U.S. banks, is poised to grow faster than competing apps from Square (SQ) and PayPal Holdings (PYPL), says a market researcher.
  • How Blockchain Can Finally Fulfill Its Promise in Global Payments -- Coindesk

    There has been much debate about the potential benefits of blockchain technology to improve the world of payments -- particularly international payments.
  • Ready for real-time payments? How about real-time banking? -- Finextra

    As banks examine their readiness to deliver on the potential of new real-time payment schemes and meeting customer expectations for an ‘always-on’ service, it’s an ideal time to consider not only real-time payments, but also the full potential for real-time banking.
  • U.S. Bank’s Innovation Focus: E-Commerce, Omnichannel, and Realtime Payments -- Bank Innovation

    Innovation for the sake of problem-solving (rather than for its own sake) is the way U.S. Bank’s Dominic Venturo approaches his role of chief innovation officer. The bank has a comprehensive outlook on investing and researching emerging technology trends through its innovation team, Venturo said.
  • As Banks Promote Zelle, They Start Winning the P2P Race -- Business 2 Community

    The old adage “slow and steady wins the race” might be very apt for how banks have approached P2P payments. While Millennials were flocking to Venmo and the Cash App to split restaurant bills and pay one another back for other purchases, FIs were locked in their walled gardens, often limited to allowing P2P transfers within their own networks. But that began to change last year with the launch of Zelle.
  • Contis Partners with Visa on Fast Track Fintech Program -- Crowdfund Insider

    Contis Group, an alternative banking, payments and processing provider, has partnered with Visa on the Fintech fast track program designed to provide Fintechs with access to payment card and banking capabilities while reducing client on-boarding times.