As if reports of #Amazon’s #bank hasn’t shaken up the financial industry enough, a new report by Bain & Company shows that the “Bank of Amazon” #could amass more than 70 million customers within the next five years, directly rivaling Wells Fargo bank, which currently has about that number of customers. The reports lead authors …Read More Bank Innovation
“It’s tough to make predictions, especially about the future.”
Yogi Berra had it right.
Nevertheless, I would like to share some of my impressions about the issues that will be top-of-mind for #banking executives this year.
Originally posted to my Forbes.com blog, these thoughts came together as a result of the various experiences and conversations I’ve had with clients over the past 12 months.
People will have their own opinions and in the end, I may be proven wrong. Regardless, I welcome lively discussion and discourse. Here are 10 trends to keep an eye on in 2018.
EXCLUSIVE – Barclays U.S. or #Barclaycard is looking to join Bank of America, Citi and Chase in banning #cryptocurrency purchases on its Barclaycard, Bank Innovation has learned. “We are making the decision that we will likely no allow cryptocurrency purchases on the card,” Paul Wilmore, CMO at Barclays told Bank Innovation. Wilmore compared the cryptocurrency phenomenon […] Bank Innovation
“It’s tough to make predictions, especially about the future.”
Yogi Berra had it right.
Nevertheless, I would like to share some of my impressions about the issues that will be top-of-mind for #banking executives this year.
Originally posted to my Forbes.com blog, these thoughts came together as a result of the various experiences and conversations I’ve had with clients over the past 12 months.
People will have their own opinions and in the end, I may be proven wrong. Regardless, I welcome lively discussion and discourse. Here are 10 trends to keep an eye on in 2018.
EXCLUSIVE— Is #Google looking to become a #fintech power? The company, which reported strong results for its third quarter yesterday, seems to be expanding its focus on finance, specifically on platforms that integrate or otherwise support payments and #mobile technologies in its many markets. For instance, while Google did not release numbers for its mobile […] Bank Innovation
Will #Wells#Fargo’s newly launched Commercial Electronic Office (CEO) #Mobile#Token encourage its traditionally paper-focused customers to crossover to mobile? That’s what the San Francisco-based bank is expecting, at least. “With the CEO Mobile Token more and more customers are encouraged to use their mobiles for banking,” Secil Watson, head of digital solutions for business […] Bank Innovation
Investing in #bitcoin is easy. Buying a tank of gas with bitcoin…uh. That’s more of a challenge, according to this Utah County couple who tried paying for #life’s necessities only in bitcoin. The couple — Becky and Austin, whose experiment with the #cryptocurrency is documented in the film Life on Bitcoin, released yesterday by entertainment […] Bank Innovation
#Banking is contrary to some appearances, a fast-moving business, or at least a target. Chris Skinner’s new book, Value Web suggests some ways to improve and offers excellent case studies. Tom Groenfeldt – Financial Technology
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