In an industry that is constantly being disrupted by the latest technologies, it can be challenging to uncover what some of the biggest fintech developments have been as we look at trends year over year. Today, we decided to review the top posts of 2017 that garnered the most attention on Fintech Today. As it turns out, our readers were most interested in the announcement of Smart ATMs being rolled out across the country, as well as how retail banks can keep up with the Fintech competition that’s taking place today. Readers were also interested in blockchain, and master data management, among other technologies. Continue reading to find out what else hit home with our readers the most this year.
Smartphones May Become Smart ATMs with Near Field Communication
This year, Fintech Today readers were wildly interested in our story on Smart ATMs and how Wells Fargo announced planned to setup 13,000 cardless ATMs this year across the country. The same week, that Wells Fargo made their announcement, JPMorgan Chase said it would be testing cardless ATMs in 600 locations with plans to roll them out more widely next year. The Smart ATM concept is derived from a technology called near field communication. Read the full story here.
Keeping Up with Fintech: Five Things Retail Banks Should Know
There is no doubt the competition between retail banks and fintech startups is very real today. In order to keep up, retail banks must stay ahead of the game. On Fintech Today, we shared insights from Mastercard Future View, a series of reports researched and written by Mastercard Labs, each focusing on the evolution of technological and consumer trends and the implication of these evolutions on payments and commerce. In the first report, Ken Moore, Executive Vice President and Head of Mastercard Labs covers the top five ways retail banks can keep an edge in the industry. Read the full story here.
How Master Data Management, Alexa, and Blockchain Are Transforming Banks
In August, we covered some of the major headlines in fintech which included the announcement of USAA going live with a version of Alexa that would allow customers to speak naturally about financial transactions, providing a more precise experience for customer inquiries. At the MDM and Data Governance Summit in San Francisco, Pitney Bowes was named the leader in master data management solutions, and Bank of America announced the filing of several blockchain use-case patents. Read the full story here.
Seven Pillars to Master Data Management Success
Mark Katz, an IT professional with over 25 years experience in Fintech, contributed a piece to Fintech Today about Master Data Management and why a solid framework is foundational to ensuring there is always a single version of “data truth” in an organization. While preparing for MDM can be a challenge, in the long run, it can actually mitigate risk, and lead to better organizational cohesiveness. Read the full story here.