The Bottom Line

Get to the bottom of all things banking with weekly expert musings from SRM. The Bottom Line takes what we hear from financial institutions, fintechs, and industry influencers - separating the news from the noise. We offer unfiltered observations and thoughtful forecasts responding to industry developments and trends as they happen, with emphasis on how financial institutions can better serve their stakeholders.

Visa and Plaid, The New Face of Payments Consolidation?

Posted by Larry Pruss on Jan 21, 2020 3:34:12 PM

Visa and Plaid, The New Face of Payments Consolidation

One year ago, almost to the day, Fiserv surprised the payments world by announcing its acquisition of First Data, setting off a wave of payments consolidation that by midyear had narrowed a list of six leading processors and bank service providers down to three. Following this flurry of activity, it was widely assumed that FIS, Global Payments and Fiserv would be occupied with integration tasks for the foreseeable future, potentially leaving payments M&A destined for a short breather. But wait – there’s more.

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Topics: Open Banking, Fintech, Payments Consolidation, Visa, Plaid

Data Sharing – Model Agreement or Trojan Horse?

Posted by Michael Carter on Dec 15, 2019 9:00:00 AM

Data Sharing – Model Agreement or Trojan Horse?

One of the hottest topics in banking for financial institutions as well as third-party providers is data sharing. Banks and credit unions possess terabytes of such information; many organizations that are not financial institutions covet access to this data to increase the value they bring to consumers.  This value could manifest in many ways, from a simpler customer experience to providing personalized offerings that anticipate the user’s need. 

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Topics: Open Banking, Date Sharing

Open Banking: Two Continents, Two Agendas

Posted by Simon Rose on May 19, 2019 9:00:00 AM

Open Banking

In a recent blog post, we outlined the lessons learned in the year since the UK’s Open Banking regulation took effect. The Open Banking concept is hardly confined to Great Britain, however. Countries as geographically and culturally diverse as Singapore, Australia, Holland and Canada have also embarked on similar endeavours to alter the dynamics of their financial services sectors – thus also altering other interconnected sectors.

Although it’s difficult to envision a similar top-down mandate in the United States, there is growing evidence that many of Open Banking’s features will become part of the American landscape through other means. Yet, depending on where you look, commentators cannot agree on the impact of Open Banking’s introduction in the U.S., whether it be success, failure, positive or negative.

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Topics: Strategic Sourcing, Payments, Innovation, Open Banking, Fintech

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