Paul Schaus is the president, chief executive and founder of CCG Catalyst.
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Services with simpler fees and intuitive digital designs might appeal to younger users, but millennials have much more on their minds than saving for retirement.
By Paul SchausJune 7 -
While there are a handful of payment pilots underway, the real benefit of blockchain for banks is a long-term proposition--and most early projects will be internal.
By Paul SchausDecember 5 -
Piloting distributed ledger technology is important. However, banks need to temper expectations regarding the returns.
By Paul SchausDecember 2 -
Up until now, no fintech company has succeeded on a mass scale to offer solutions beyond its core product. But disruptors are trying to go in that direction, and banks should watch their efforts closely.
By Paul SchausSeptember 26 -
Banks need more specific guidance that clarifies requirements around vendor contracts, risk assessments, data management and other issues.
By Paul SchausAugust 30 -
Banks need to embrace technology that can deliver the speed and personalization millennials have come to expect or risk losing this customer segment to fintech companies for good.
By Paul SchausAugust 10 -
The proliferation of smartphones and the onset of mobile payments has brought biometrics to the forefront of security for financial transactions.
By Paul SchausAugust 9 -
Confusion among bankers on what real-time ACH payments are and how the transactions are processed is a major barrier to adoption in the U.S. Here's what banks need to know.
By Paul SchausJuly 20 -
At least 30 countries have either implemented a real-time or near-real-time payments system or are in the midst of implementing or planning one.
By Paul SchausJuly 7 -
The business case for real-time payments is not the opportunity to charge high fees. Rather, the payoff which will take time will come in retaining customers, lowering operational costs, and delivering timely financial insights to smartphone-toting customers.
By Paul SchausJune 30