Getting to digital while missing the point

Digital adoption goals Mar 16Digital banking is so hot right now – for good reason. The recently published research sponsored by the Federal Reserve, Consumers and Mobile Financial Services 2016, reported that 87% of the U.S. adult population has a mobile phone and 77% of them are smartphones, up from 71% in 2014 and 61% in 2013. Admittedly, it […]
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The new 4 C’s of commercial lending

Asesoría-empresarial-quito-Asesoria-comercial-Quito-asesoria-online-gratis-quito-asesor-empresarial-online-gratis-asesor-empresarial-online-quito2Last week, I participated in a Finextra webinar on the topic of “Connected Credit and Compliance for Lending Growth” with panelists from ING, Vertus Partners, Misys and Credits Vision.  As I prepared for the webinar, I thought back to my first exposure to commercial lending when I worked for a large regional bank and I […]
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A big bank follows the wirehouses upmarket

JP Morgan Chase’s decision to double the minimum asset level (from $5 to $10 million) required for service by its private banking group underscores the effect that digitization is having on all levels of wealth management. It echoes the approach taken by the wirehouses, who (with the exception of Merrill Lynch, which has served less […]
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There are *exactly* 608 US firms offering banking fingerprint authentication

UpliftBiometrics are hot. Fingerprint authentication (Apple’s version is Touch ID) is one of the most common forms of biometric verification. So, quick – how many American banks let customers log on to their accounts using this method? Based on the press, you might optimistically think a few thousand, right? And, in fact, ApplePay just activated […]
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Money20/20 Europe – a new addition to the circuit

One of the key parts of being an analyst is attending conferences. At first it may seem like an ideal job, swanning around the world attending them (and to be frank, we’re not complaining!). In reality, they’re a very busy and critical part of our job, and choosing the right one is key. Firstly, we […]
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Banks are dead? Long live banks!

A few weeks ago, Zil blogged about the recent set of reports that he and I wrote on reimagining payments relationships between banks, retailers and Fintech. They were commissioned by ACI Worldwide, and the reports took a perspective of each party. Given the current focus on the topic in the industry, we highly encourage you […]
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Yahoo! is for sale: why banks should care

The rollercoaster that is Yahoo! continues. Yesterday, the company officially announced that it was putting itself on the selling block, in a move aimed at holding off an aggressive activist hedge fund called Starboard Value. It was only in December when management shared the stunning news that Yahoo! was planning to spin itself off (more precisely its core Internet businesses) to […]
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The UK open banking API framework – more questions than answers?

Open Banking FrameworkThis week the Open Banking Working Group (OBWG) published its framework for the UK Open Banking Standard. The framework seeks to create: • An open API for data that is shared, including, but not limited to, customer data, and • An open data API for market information and relevant open data Secure, publicly accessible Web […]
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Mobile in the time of digital

PictureforblogBank of America recently announced that it would triple spending on its mobile app. While no exact dollar amount was given, it made me wonder: what exactly does that entail? In the past, Celent has praised the Bank of America mobile banking apps as some of the best out there. The bank has been going […]
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Cardless ATMs and disappointing mobile wallet adoption

US P12M Channel Usage 2014While I’m an outspoken advocate of financial services technology, I have been a bit of a curmudgeon when it comes to mobile wallets. My skeptical attitude reached an apex when I dropped my smartphone in a glass of merlot several years ago and hasn’t recovered. Had my smartphone been my mobile wallet, embarrassment would have […]
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