Sun.Jan 06, 2019

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Ten Top Trends for 2019

Chris Skinner

Hello, hello and hello again. Welcome to 2019. A brand new, fresh, shiny year, and just out of the starting gate. Having said that, yes we are still talking Brexit and we still find a group of shady bankers knocking off billions. Same s**t, different day, as Stephen King would say. … The post Ten Top Trends for 2019 appeared first on Chris Skinner's blog.

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Amazon Turns To VR To Boost Furniture Sales

PYMNTS

Amazon is hoping to increase purchases of furniture online, rolling out a new feature dubbed Amazon Showroom that takes advantage of virtual reality tools. According to a report in Chain Store Age , the new feature lets online shoppers place 3D images of furniture into a virtual room to get a sense of how it would really look. The room’s wall colors can be changed, as well as the carpet and flooring.

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Things worth reading: 7th January 2019

Chris Skinner

Things we’re reading today include … At last, US banks are introducing contactless cards Ex-Goldman Sachs banker denied bail in Malaysia pending extradition to U.S. Super-rich sabbatical: the boom in luxury long breaks for the 1% The proof that Facebook is broken is obvious from its very modus operandi | … The post Things worth reading: 7th January 2019 appeared first on Chris Skinner's blog.

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UnionPay Launches Platform For Developers

PYMNTS

UnionPay International announced earlier in January that it rolled out the UPI Developer, which is a platform to create applications for cross-border payments. According to a report in Mobile Payments Today , the new platform is open and enables developers to create apps for cross-border mobile payments as well as other technologies. With the platform, developers can access UnionPay application programming interface so that UnionPay tech can be integrated into their own products. “With the

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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Bank/Fintech Partnerships Will Be A Huge Disappointment In 2019

Ron Shevelin

Bank/fintech partnerships will be a tough road to hoe in 2019 because of: 1) Digital account opening delusions; 2) Resource constraints; and 3) Lack of strategic partnership processes.

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More Trending

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Open banking will shut down without standardized APIs

Payments Source

Providing access to accounts in a disorganized or incongruent manner could endanger PSD2’s opportunities for the entire market, according to Shahrokh Moinian, global head of cash products and cash management at Deutsche Bank.

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Footfall Worries US Retail Despite Strong Holiday Season

PYMNTS

Despite a record-breaking holiday season for retailers in 2018, the strength of the industry’s recovery is being called into question as data emerges that shows declining traffic in stores and a slowdown in the rental growth at malls. According to a report in The Financial Times, also weighing on the recovery is a slowdown in demand for consumers electronics.

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Prepaid finds a role as an employee perk

Payments Source

More companies are adding financial health programs to their benefits, creating a market that fits with one of the common uses consumers have found for prepaid cards.

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Fintech Firm Partners with Latino Group to Expand Financial Services

ABA Community Banking

Members of NHCLC Receive Digital Wallet & Direct Deposit Solutions Linked To Banks Consumer Credit Feature Financial Trends Lines of Business Retail Banking Technology Customers Branch Technology/ATMs Tech Management Community Banking Feature3 Fintech.

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The State of Automation in Financial Services 2024 Report

In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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Happy New Year!

Lars Markull

It’s the beginning of a new year. I hope all of you had a good start into the new year and are excited about 2019. What does the new year have in store for us? In the banking / FinTech space the release of APIs by banks will probably have the biggest impact in 2019. The RTS will finally force banks to provide APIs for their payment accounts. But what will be the exact impact and what services will emerge?

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Mobile payments market in China is expected to witness three-fold growth by 2023

The Paypers

(The Paypers) According to a recent report by Frost & Sullivan , mobile payments market in China is expected to witness a three-fold growth by 2023.

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Ghana bank reforms continue

Bankelele

Continuing banks reforms in Ghana, from back in 2018, the Bank of Ghana issued a new statement (PDF) on the state of banking in the country for the end of that year. It stated that they had inherited a system with distressed banks that were not adequately capitalized, and which had high non-performing loans, and cases of […]. The post Ghana bank reforms continue appeared first on Bankelele.

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UnionPay gives global developers access to its payments platform

The Paypers

(The Paypers) UnionPay International has launched UPI Developer, an open platform that gives global developers access to its cross-border payment products and services.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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Top 10 Retail Banking Trends and Predictions For 2019

The Financial Brand

2019 banking trends and outlooks from financial services leaders and influencers as well as financial institutions from around the world. The post Top 10 Retail Banking Trends and Predictions For 2019 appeared first on The Financial Brand.

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NexTech integrates API analytics into its AR ecommerce platform

The Paypers

(The Paypers) NexTech AR has integrated the Experience API (xAPI) into its patent pending, web-enabled AR ecommerce platform.

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Biggest Threats to Banking in 2019: Fees, Lousy Tech and Digital Disruption

The Financial Brand

Anything from bad service to lousy tech and ethical issues can set consumers off and trigger the switch to a new alternative banking provider. The post Biggest Threats to Banking in 2019: Fees, Lousy Tech and Digital Disruption appeared first on The Financial Brand.

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32 Corporate Innovation Labs In Retail

CB Insights

The impending “death of retail” has been projected for decades. But, in an increasingly digital world, brick-and-mortar retail shops are embracing new ways to disrupt the system and get an edge on customer attention. One popular choice: retail innovation labs. Get the 54-page retail report. Learn about the technologies, innovations, and strategies that retailers can leverage this holiday season.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Government Predictions 2019: Automate, Enhance and Secure

FICO

U.S. Government Predictions 2019: Now that we have completed the 2018 election season, people are asking what is in store for 2019. The good news is that revenues look strong, but there are a number of factors if you look deeper into the numbers. Also, while often the first year of a legislative session occurs before our political leaders are thinking about re-elections, election cycles have apparently gotten longer, because for many American politicians, the 2020 election season has already b

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Alexa Now In More Than 100M Devices

PYMNTS

Amazon’s senior vice president of devices and services Dave Limp told The Verge that more than 100 million devices with Alexa integrated into them have been sold so far. According to a report in The Verge , Limp also said without providing more details that Amazon is sold out of Echo Dots through January — and that’s with the company “pushing pallets of Echo Dots onto 747s and getting them from Hong Kong to here as quickly as we possibly could.”.

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Banks Help Gov’t Employees Impacted By Shutdown

PYMNTS

With the government shutdown continuing, banks in the U.S. have been stepping up to help, offering forbearance on loans and the associated fees. According to a report in The Financial Times citing JPMorgan Chase , the bank has waived all fees on checking accounts, including overdraft charges, for customers who no longer receive a government check directly deposited into their account with the bank.

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