Paul Shumsky Technology Advisor at Entrepreneur
Coca-Cola has always been a master of branding and innovation when it comes to marketing. In 1887 Coca-Cola was the first company to create a handwritten coupon offering consumers a free glass of Coca-Cola. Between the years of 1894 and 1913 about 1/9th of Americans had received a free Cola. This method is credited to Coca-Cola being in every stat...
14 October 2019 /devops Trends in Financial Services
Mobile digital wallets are revolutionizing the financial services industry and offering far more potential than just making and receiving digital payments. We explore one exciting area of development: branded mobile wallets as a payroll solution. Imagine giving staff access to an all-in-one, company-branded, holistic financial solution on their m...
08 October 2019 Finextra site news
Let's begin with the most common statements on using cloud solutions for online banking platforms I frequently get from clients: Statement #1: No banks use cloud solutions! Answer: Read a bit more of example Bankinter, Stripe and Capital one (Capital One, Stripe, Bankinter) Statement#2: Cloud providers are not compliant in our area! Answer: They ...
07 October 2019 /cloud Banking Architecture
The retailers that stand to gain the most ground in today’s fast-evolving industry are those that build a streamlined online and in-store shopping experience that is second to none - and digital wallets offer a powerful means of doing this. Shopping is as much about the comfort and ease of the retail experience as it is about what is on offer onlin...
02 October 2019 /payments Open Banking
Banks and other early Fintech companies, which were built on legacy or some other system are quickly realizing how difficult it is to make changes to their digital services. The recent evolution of cryptocurrencies and marketplaces are putting a lot of pressure on banks and FinTech companies to up their digital game. Most of them are realizing tha...
30 September 2019 /devops Banking Architecture
While the use of Blockchain may provide transformative advantages over other technologies in some cases, they are not a panacea and do not magically solve every problem. Many publications, reports, and news articles focus primarily on the ‘pros’ (and occasionally exaggerate the positive impact Blockchain technology can have) without mentioning or ...
27 September 2019 /security Transaction Fraud Systems and Analysis
In the next few years, strong growth in the Asian mobile wallet industry is expected to be replicated in the US, as consumers come to appreciate the full scope of financial capabilities that mobile wallets have to offer them. US retailers like Walmart, Starbucks and Dunkin Donuts have experienced good uptake in their company-branded wallets, while ...
18 September 2019 /payments Fintech
Customers have come to expect a level of personal service from companies that is the digital version of a 24/7 concierge. Think Netflix, Amazon, and Spotify, all companies that have set the bar for personalized, instantaneously responsive, and increasingly predictive real-time service across all points of contact with companies. Why is this degree...
17 September 2019 /retail Fintech innovation and startups
Employers are coming to understand that if they want to keep — and retain — the best talent they need to prioritise the experience they offer their employees as much as they do their customers. And just as building a strong digital relationship with customers is a non-negotiable these days, so is it becoming a critical element of employee satisfac...
11 September 2019 /payments Finextra site news
The bank industry is one of the most attackable fields. It requires high security and there were invented many solutions striving to solve this problem (for example, Microservices). But maybe we are already witnesses of it? Blockchain can eliminate the threat or the risk of fraud in all areas of banking, and this could equally apply to a trading p...
10 September 2019 /payments Banking Strategy, Digital and Transformation
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