M&C

M&C We are a near-shore venture development agency. Our strengths are in digital product consulting, project management, design, development and data engineering.

12/11/2020

Designing products is difficult work with untold complexities. Designing business products can be even more complicated.

Having multiple cards weighing down our pockets seems out-dated in an age where we can already do so many things all fro...
08/09/2020

Having multiple cards weighing down our pockets seems out-dated in an age where we can already do so many things all from one device.

Thanks to the pandemic, we are heading towards a cash-free society at a much faster pace, with consumers switching to touch-free payments to protect their health. Researches have shown that a fifth of consumers no longer carries cash, and around seven per cent of people have decided to scrap their wallets and purses entirely.

In July, Apple filed a patent for technology that will allow users to verify their identity without a passport, driver’s license or ID card. Instead, users can upload their information into a digital wallet which verifies the ID against national databases. However, take-up of smartphone wallets has been slow, with many concerned about their safety and security.



👉https://loom.ly/Az3u_HM

Banks may need to share information with other financial institutions sooner than they thought, causing companies to fin...
07/09/2020

Banks may need to share information with other financial institutions sooner than they thought, causing companies to finally embrace the cloud.

At some point over the next few years, banks will be required to relinquish control of the client information they hold now. They’ll have to share financials, credit rating information, product preferences and more with other financial companies – competitors and FinTech startups – and give customers the ability to pass their data over to whomever they want.

Banks around the world have been resistant to open banking, and it’s understandable because they wouldn’t make it easier for people to be able to use other companies for their personal and business banking needs. However, there is a lot to be gained for the bank too. It opens up lots of new partnership opportunities – perhaps lenders can provide products through the bank that the bank isn’t able to offer on its own – and it will create a better overall experience for its customers.



👉 https://loom.ly/MUhSz6Y

There’s a common misconception across the financial services industry, the only way to grow deposits is not by offering ...
05/09/2020

There’s a common misconception across the financial services industry, the only way to grow deposits is not by offering the best online and mobile banking experience.

Apple, Amazon, Facebook and a growing cadre of others are breaking into the consumer market, leaving banks and credit unions in desperate need of a new growth strategy. They have to find a path not relying on consumers switching their banking relationships to those with the highest rate, earliest direct deposit or the coolest logo. They need a different strategy.

How to do it? Set the strategy after you find the right target, find the right people to execute the strategy and invest in the right technology when it can help. Working smarter, not harder is critical to obtaining growth.



👉 https://loom.ly/bkOgKVc

The Spanish banks, Bankia and Caixabank, are talking about a merger.The agreement is well advanced and the announcement...
04/09/2020

The Spanish banks, Bankia and Caixabank, are talking about a merger.

The agreement is well advanced and the announcement could be imminent. Today the entities have confirmed the start of a negotiation "we didn’t reach any agreement yet, but a confidentiality agreement has been signed to exchange information to assess the operation."

This would involve the merger of two of the four largest financial entities in the country. According to some sources, the new bank would have as non-executive chairman José Ignacio Goirozolgarri, who is currently at the helm of Bankia, while the CEO would be Gonzalo Gortázar, one of the top managers of Caixabank. The headquarters would be in Valencia.



👉 https://loom.ly/1H7_qf0

We must adjust our traditional thinking and adapt to changing education.With most schools across the world facing the re...
04/09/2020

We must adjust our traditional thinking and adapt to changing education.

With most schools across the world facing the reality of distance learning, parents must also face the reality that the goalpost is moving toward tech-driven fields and careers. From medicine to law and engineering, distance learning will drive new innovation and demand within the tech sector and lead the future of entrepreneurship.

Coding helps kids with communication, creativity, math, and imagination. The next generation of entrepreneurs are facing the new possibility of self-paced online learning and will need skills to meet the needs of a post-COVID-19 world.



👉https://loom.ly/WB9XJ2s

The company, which became the preferred mean of communication during the coronavirus pandemic, also boosted its full-yea...
03/09/2020

The company, which became the preferred mean of communication during the coronavirus pandemic, also boosted its full-year guidance.

Zoom said in a press release, revenue rose 355% from the same quarter a year ago, fueled by adding new users and expanding across existing customers. The company stated that at the end of the second quarter it had 370,200 customers with more than 10 employees, a 458% jump on the year.

It also had 988 customers contributing more than $100,000 in trailing 12-month revenue, increasing 112% from last year.



👉 https://loom.ly/TOWzGS8

Financial institutions have followed the tradition of staying the course. Unlike their fintech counterparts, the vast ma...
03/09/2020

Financial institutions have followed the tradition of staying the course. Unlike their fintech counterparts, the vast majority of banks and credit unions follow the competition, create the same products, and offer the same services. However, consumers have changed.

This transformation is due to what has happened outside the bank than within it. Many institutions are turning to technology to close this gap. However, the growing disconnect from customers is due to an outdated, profit-over-purpose mindset.

Banks and credit unions urgently need to establish a customer-oriented, outward-focused mindset, because the window of opportunity is closing fast. They should scrap your existing and outdated mission statement and create a new mission for the customer to guide the organization's culture, values, and behaviors, and serve as a foundation for fostering new innovations.



👉https://loom.ly/MCpfT8I

Jim Marous is among the Top 5 Fintech influencers in the world and one of the most influential people in banking.Financi...
02/09/2020

Jim Marous is among the Top 5 Fintech influencers in the world and one of the most influential people in banking.

Financial industry strategist, co-publisher of The Financial Brand, owner and publisher of the Digital Banking Report and host of the top 5 banking podcast, Banking Transformed, Jim is a keynote speaker, author within the financial services industry and Forbes contributor. Jim also has been featured by CNBC and CNN, The Wall Street Journal, New York Times, The Financial Times, The Economist, The American Banker,
Accenture and Cheddar. Moreover, he has advised on innovation, portfolio growth, customer experience, marketing strategies, channel distribution, payments, digital transformation and, even, to the White House on banking policy. In addition, he is a regular contributor to several publications and podcasts.

Jim Marous never gives the same presentation twice, he customizes each one according to the client and the audience. He makes sure entries are unique and the result is an energetic and specific talk or workshop, resonating with participants.

In case you haven't done it already, don't miss the chance to take a look at Jim Marous outstanding work transforming the digital ecosystem.

💳 'Smarter STIP'Visa's Smarter Stand-in Processing is the new technology the company will start implementing in October...
01/09/2020

💳 'Smarter STIP'
Visa's Smarter Stand-in Processing is the new technology the company will start implementing in October. It will use real-time AI to manage transaction authorizations during service disruptions.

Smarter STIP uses deep learning to analyze past transactions down to the cardholder level before approving or declining transactions on behalf of issuers if their systems go offline.

📣"Consumers expect instant and uninterrupted access to their funds—failure to meet that expectation can be costly [...] Stand-in processing has always been a vital assurance to our clients that when the unexpected occurs, we’ve got their back. By adding AI, that capability becomes smarter, stronger, and more dynamic.”



👉 https://loom.ly/-a7cq5Y

🌐 The European Central Bank is looking forward to EU challengers to emerge and be capable of taking on the might of US B...
01/09/2020

🌐 The European Central Bank is looking forward to EU challengers to emerge and be capable of taking on the might of US Big Tech cloud providers. One of the main concerns of the ECB relies on the dependence of European financial service providers on non-EU providers of critical services and technical infrastructures.

The ECB considers that as Big Tech companies gain market share, the chances of concentration risks significantly will grow. Also, in the event of operational failures and targeted cyberattacks, having Big Tech companies as service provider leaders could have a systemic impact on the financial system as whole increasing financial stability risks.

📣 "The prospect of technology companies increasing their footprint in the financial services sector and using increasingly sophisticated ways to provide these services could warrant the need to extend the regulatory perimeter and to explore the possibility of complementing the current entity-based regime with an activity-based approach ."



👉 https://loom.ly/yS0PjL0

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