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  • user 10:02 pm on May 2, 2016 Permalink | Reply
    Tags: , fintech, Fortune, , , Magazine, , ultimate   

    Fortune Magazine – The ultimate guide to financial growth 

    #Fortune, one of the most prestigious American business magazines, was founded by Henry Luce in 1929. The #magazine is published globally by Time Inc. Fortune covers the entire field of business, including specific companies and business trends, tech innovation prominent business leaders, and new ideas shaping the global marketplace. Fortune is best known for its exceptionally reliable annual rankings of companies. Fortune furthers understanding of the economy, provides implementable business strategy, and gives you the practical knowledge you need to maximize your own success.

    In the latest issue of Fortune magazine, know how to make a profit in the new Hollywood. The article reveals that hit sequels like Jurassic World and Star Wars: The Force Awakens helped push Hollywood’s global box office to a record $ 38 billion in 2015. But the industry faces troubling trends: It’s struggling to produce human-scale movies that break the action-sequel mold — and when it does make them, they often don’t make money. Studio heads know they eventually need to lead in digital or risk losing out to another screen-based center of gravity, the one in Silicon Valley.

    Also, get to know about the billionaire behind Walgreens’ quest for global dominance. Stefano Pessina took control of the drugstore chain using its own money. Now he’s squaring off with CVS. Can a brilliant dealmaker become a killer retailer? Read the article in this issue of Fortune to know more.

    The cover story ‘Silicon Valley’s $ 585 Billion Problem’ reveals that VCs have pumped up the value of the “unicorn” startups. Now tech IPOs are in trouble. Of all the Silicon Valley IPOs in the past couple of years, Lending Club’s might have been the surest bet of all. The San Francisco peer-to-peer lender is a star in the world of “#fintech,” a growing sector made up of #financial #technology companies bent on disrupting the traditional banking sector. Lending Club’s stock peaked about a week after its IPO, at nearly $ 26 a share, and has been retreating ever since. Time and time again during the current IPO cycle, Wall Street underwriters–egged on by ambitious CEOs, hungry venture capitalists, and favored institutional investors–have hyped one technology IPO after another. The bankers price the offerings for perfection, watch them soar on the first day of trading to deliver the coveted first-day spike, and don’t stick around to offer an explanation after the shares plunge below the first-day price.

    Fortune digital magazine is available on all digital newsstands like Apple, Magzter, Google, Amazon, etc. Digital magazines have gained immense popularity as people have migrated towards smart devices for all their needs. Digital magazines can be read on iPad, iPhone, Android devices devices and on the web. Fortune digital magazine’s annual subscription is available at a huge discounted price on digital newsstands like Magzter.

    Fortune is the #ultimate #guide to financial #growth. Visit the Fortune magazine subscription at http://www.magzter.com, and Subscribe and read Fortune magazine on your Smart Devices and Web!

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  • user 7:23 pm on May 2, 2016 Permalink | Reply
    Tags: , , fintech, , , ,   

    Top 5 trends in payment technology industry in 2015 

    #2015 has been the year which saw some path breaking innovations, rapid adoption and steady growth of the Mobile Payments Ecosystem in India. With wider adoption of smartphones and Internet penetration, people in the country have finally started realizing the benefits of #technology in online payments space. We take a look at 5 #trends that have made a huge impact on #payment technology #industry in the recent time.

    1. Mobile wallets & Checkout
    There was an increased acceptability of the most recent online payment innovation ‘mobile wallet’. Words such as ‘wallet’, ‘cashbacks’, ‘wallet offers’ etc. have become a part of our daily life. All thanks to the millions of dollars which have been burnt at a breakneck speed in advertising and praising the merits of new age online payment system. Especially the advertisements around the mobile wallets are way too luring for anybody to fall for it due to the benefits that are being offered.

    Consumers appreciate mobile wallets that enable faster checkouts. In recent times, it has been observed and established that businesses offering a seamless payment experience have a tendency of picking up faster in the market. Buyers tend to lose interest in the purchase if the payment process is too complicated. Accepting payments from customers isn’t as easy as clicking a switch and watching the money flow in, however it is not necessary that it be complicated either.

    In this regard, PayUmoney made some noise with its checkout feature.

    2. Faster mobile payments with focus on reducing transaction time
    With massive shift to mobile that has happened in such a short time frame, opportunities in m-commerce as well as in other areas have multiplied. This is a time when online payment companies would be taking e-commerce companies to the next level.
    Few online payment companies have already started working in this direction by thinking about what problems they can solve for m-commerce by providing best online payment experience on mobile screens.
    The launch of ‘one tap payment’ by PayUbiz is one such technological breakthrough which sent ripples across the booming online payments industry. The patent pending and first of its kind tech innovation in the payments world is another step which will ensure a robust online payment system. The PCI-DSS complaint and patent pending ‘one tap payment’ is a combination of 4 different tech innovations that together provide a seamless online payments experience to the users.
    Store Card Vault: This feature is the first of seamless payment journey, ensures that the consumers don’t have to go through the pain of putting in the 16 digit card number repeatedly.
    No CVV: The heart of creating a seamless one tap payment solution was doing away with the process of repeatedly entering the CVV. The innovative patent pending and PCI-DSS certified technology developed by payubiz provided a solution to it.
    Auto OTP read and submit: Furthermore the second factor authentication of OTP, gets auto read and submitted leading to the completion of a seamless one tap payment experience.
    Magic Retry: the magic continues even when there is a network issue and the magic retry feature picks up the transaction from the point where it stopped.

    3. Focus on improving mobile transaction success rates (impacted due to poor network)
    In India, network congestion, signal error, slower internet speeds on 2G, 3G, and internet fluctuations are prime reasons for a transaction failures on mobile. A transaction can drop anywhere while it is hopping across acquiring gateways, processors, issuers or Master/Visa network. As a result of this, merchants encounter increased cart abandonment rates which impacts their revenue stream negatively.
    For this Magic Retry feature was introduced by PayUbiz which solves this issue very effectively. Magic Retry gives customer an option to retry by a click of a Retry icon, without the customer to go through the hassles of re-doing everything again. Magic Retry captures the current status of a customer’s transaction and creates various checkpoints during the transaction. It helps him/her recover the transaction if anything goes wrong during a payment process. In other words, upon Retry, it resumes the transaction from the last successful checkpoint by re-using the existing captured parameters.
    Statistics suggests that the mobile based payment transactions suffers approximately 20% drop rates due to network issues. As low as 50% customers retry transaction due to failures at first attempt. With this feature, this the success rates can go up to 90-100%. .

    4. Emerging Biometric payments
    Security is the topmost concern of the financial services industry today. Passwords have been the most common and the oldest way to keep accounts and personal data secure. But for how long? It’s difficult to keep a track of all the passwords and payments organizations have already started bringing innovations in this space.

    Very rapidly, biometric authentication is replacing the term “password,” especially in #FinTech. This is true not just for the US but globally as well.

    In the FinTech industry, Apple has done a brilliant job of taking people away from passwords by introducing TouchID. Apple’s TouchID has been a huge success as #banks and financial institutions are incorporating the feature in their banking mobile apps. Like Apple Pay, Samsung Pay also has biometric authentication techniques where a user will be able to authorize payments by holding their finger on the inbuilt biometric scanner.

    5. Online to Offline
    O2O is defined as anything digital such as a mobile app which brings people to shop in offline stores. Mobile payments are an enabler for O2O wherein customers can shop from offline stores and use a service such as mobile wallet to make the payment for the service or product.
    Recently Paytm decided to enter into O2O with the acquisition of local services marketplace Near.in. It also invested in deliveries start-up Jugnoo and Little, an app that helps people find deals at stores in their neighbourhoods.

     

  • user 7:10 pm on May 2, 2016 Permalink | Reply
    Tags: , , , fintech, , Promising, , , ,   

    Top 20 Most Promising Banking Technology Solution Providers 2016 

    Nexright driving #Banking & #Fintech innovation leveraging API Economy

    The millennials will soon constitute up to half the global workforce by 2020 and it is only natural for public serving organizations like #banks to pay heed to their concerns. Banking–according to a study by Viacom, a media network–faces the highest risk of disruption.

    Leaders of banking managements are often weighed down by the gravity of having to serve their customers, with mass transactions, at the same time, offering personalized content to their banking needs.

    Unlike banks that are born digital, traditional banks cannot afford the luxury of starting with a clean slate, and they must build the newfangled architecture on top of the legacy foundation. In an effort to ease down the process of transformation, Nexright bids a continuous-delivery approach of new functionalities.

    “We have developed an API management #solution for banks that allows digital innovation running alongside the slow-speed, transaction focused legacy systems,” explains Dilip Mohapatra, Director, Nexright.

    Nexright’s solution provides for a digital customer ecosystem with digital customers–complementing and enhancing existing capabilities to collect, analyze, and utilize financial data. The Melbourne, Australia headquartered banking solution provider allows CIOs of banks to redefine banking and drive innovation, leveraging digital data and API as core foundation.

    “Application Programming Interface (API) is the secret sauce of the digital economy that allows banks to open up banking services and data via APIs,
    and offer a broader range of products and services to their customers,” Mohapatra adds. Holding their steadfast campaigns towards unravelling the concept of contextual banking via data analytics, Nexright channels harmless, but prospective banking information to invoke potential banking businesses through secure pluggable interfaces–APIs.

    For instance, a mortgage API holds relevant mortgage data as assets and the points of interest and impact for banks.

    Nexright’s banking product, which is essentially a set of simplified service and API models, allows transformation of banks in core banking and
    digital banking in parallel. Some of these solutions leverage banking industry standards like IBM IFW (Information FrameWork). Mohapatra cites an example of Nexright assisting one of Australia’s topmost banks in establishing an API center of Excellence to fuel the API economy and drive digital disruption. Through IBM IFW and BIAN, the provider created a modern platform based on open architecture with integration and straight-through processing capabilities.

    “Application Programming Interface (API) is the secret sauce of the digital economy that allows banks to open up banking services and data via APIs”

    On top of that, Nexright also has a dedicated wealth management practice, providing Fintech (financial #technology) strategy and solutions to banks. For example, it includes client engagement platform and adviser support tools addressing cashflow management, long-term financial support services, and scalable advisory solutions to simplify existing complex advisory process.

    “The Fintech strategy essentially allows banks to expand their existing banking products into various fintech areas e.g. financial advisory services into #robo-advisory,” states Mohapatra.

    With a consulting team that comprises of both banking and technology domain experts, Nexright stays ahead of peers in the banking arena, by thrusting itself forward in the direction of business strategy and outcomes rather than just getting the technical infrastructure in place.

    By entrusting their success on their customer’s success, Mohapatra points out, “Nexright assigns a Customer Program Success Manager (CPSM), which once the program is live, assesses the customer’s achievement against expected levels.”

    Nexright’s innovation lab functions as an idea incubator and accelerator, where there is a constant endeavor to develop newer products and better services and solutions, collaborating with customers, partners, and industry experts.

    With his rich experience in product development and consulting services across several multinational IT and consulting firms, Mohapatra drives Nexright’s growth globally and is very passionate and committed in making a substantial difference in customer’s business. “Considering banking and Fintech demand for API, integration and cloud services, Nexright is investing further in open banking and Fintech initiatives,” assures Mohapatra.

    Author john steward is the Senior Technical Consultant of Nexright, Australia

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  • user 6:02 pm on May 2, 2016 Permalink | Reply
    Tags: , , , , fintech,   

    I/O Digital Blockchain Wins European Fintech Awards 

    July 2014, the team of I/O #Digital launched I/O Coin and their Proof of Stake #Blockchain network. Since then the I/O Digital project has evolved …
    Google Alert – fintech

     

  • user 8:33 pm on April 30, 2016 Permalink | Reply
    Tags: fintech,   

    Fintech Investment Financial Internet Technology Person Holding A Smartphone On Blurred … 

    #FINTECH Investment Financial Internet #Technology person holding a smartphone on blurred cityscape background – Stock Photo from the largest …
     

  • user 8:32 pm on April 30, 2016 Permalink | Reply
    Tags: fintech,   

    CFA Institute survey indicates substantial impact of robo-advisers on investment management 

    Of the growing number of #fintech innovations, #robo-advisers will have the greatest impact on the financial services industry in the short- (one year) and …
     

  • user 8:32 pm on April 30, 2016 Permalink | Reply
    Tags: fintech   

    The Best Reads On FinTech From Last Week 

    Asia’s market dynamics and diverse population create a different set of opportunities and challenges than those faced by U.S. #fintech entrepreneurs.
     

  • user 8:32 pm on April 30, 2016 Permalink | Reply
    Tags: fintech   

    FinTech Podcast #050 – Jubiläumsausgabe als FinTech RatPack by paymentandbanking 

    Jubiläumsausgabe als #FinTech RatPack zu Payback-Pay, EHI Kongress, Sparkassentag, Paymill / Payleven und News. 0:00 – 4:00: Vorstellung
     

  • user 6:46 pm on April 30, 2016 Permalink | Reply
    Tags: fintech   

    FinTech Aviv Launches Global Scouting Program to Export Israeli Fintech 

    #FinTech Aviv, Israel’s largest fintech community, has announced a new scouting program to provide its community of over 2,000 Israeli fintech …
     

  • user 6:45 pm on April 30, 2016 Permalink | Reply
    Tags: fintech   

    [#veille] Les Français encore trop frileux face aux #FinTech 

    veille] Les Français encore trop frileux face aux ##FinTech ?
     

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