Chris Skinner
JANUARY 8, 2019
There are many pundits predicting change in banking and FinTech this year. Here’s a review of a few of the ones that have some depth. American Banker published seven FinTech predictions for 2019 by Bob Legters, Chief Product Officer of Banking and Payments at FIS. The seven headlines are: We won’t … The post FinTech Forecasts for 2019 appeared first on Chris Skinner's blog.
Payments Dive
JANUARY 8, 2019
An economic slowdown and the continued trade dispute with the U.S. are raising questions about the direction of mobile payments in the critical Chinese market.
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Bank Innovation
JANUARY 8, 2019
New Year, new executives -- that’s true, especially in the payments ecosystem. 2018 proved to be a major year for payments focused companies like PayPal, bank-backed P2P service Zelle, or even retailers like Amazon and Walmart, payments made up a large part of the market conversation. And in this first month of the new year. […].
PYMNTS
JANUARY 8, 2019
Ripple, the blockchain company that has the XRP digital currency, reached a milestone on Tuesday (Jan. 8) by reaching 200 customers. According to a blog post , Ripple said that in addition to the 200 customers, it has seen a 350 percent increase in customers who are sending live payments over its blockchain platform. The company announced that 13 new financial institutions, including Euro Exim Bank, SendFriend, JNFX, FTCS, Al Ahli Bank of Kuwait, Transpaygo, BFC Bahrain, ConnectPay, GMT, WorldCo
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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
Bank Innovation
JANUARY 8, 2019
Seth Ross, senior vice president of business development at Green Dot, is speaking at Bank Innovation Ignite 2019. The event will take place March 11-12 at Seattle’s Hyatt Olive 8 Hotel. You can join the event by registering here. In a presentation during the Ignite Ideas session, Ross and others will share ideas that spark their […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
JANUARY 8, 2019
When you link your checking account to Venmo or use it to buy Bitcoins, a startup called Plaid Inc. is likely facilitating the connection with your bank. You punch in your user name and password; Plaid checks those credentials with the financial institution and if they’re accurate, passes banking information back to the app. That’s […].
PYMNTS
JANUARY 8, 2019
Paying on the go — literally, as in on the road and in the car — is gaining traction. As noted yesterday in the PYMNTS Digital Drive Report, 99 million drivers — commuters, to be exact — are connecting to their dashboards and driving $230 billion in commerce, buying everything from groceries to coffee. To that end, Honda has debuted its Honda Dream Drive prototype, billed as the “next generation infotainment, commerce, services and rewards” experience for drivers and passengers.
Bobsguide
JANUARY 8, 2019
Conferencing is a key part of the fintech industry and one of the only ways to stay up to date with the ever quickening pace of technological change in the sector. Bobsguide compiled and previewed the fintech events not to miss of 2018 and this year is no different. This list provides you.
PYMNTS
JANUARY 8, 2019
Few things feel better than the rush of a winning streak — money bet on a football or baseball team, or a sporting event, that turns into a pile of dough after a victory or beating the spread. But that excitement can quickly deflate if the winning gambler then must wait for his or her winnings. That’s where reloadable cards and instant access to funds come in — especially as the worlds of payments and commerce move further toward the goal of frictionless transactions and sports betting in the U.
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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
Bobsguide
JANUARY 8, 2019
Project management proved a key factor in the timely implementation of a new treasury management system at Douglas, a Germany-based perfumery and retail firm. The provider, BELLIN, installed its tm5 system, which combines functionality across payments, reporting and treasury. The process.
PYMNTS
JANUARY 8, 2019
Entrepreneurs are constantly solving problems, and those challenges often come out of personal experiences. Kevin Vanderwarker, who co-founded dining recommendation platform Taste , traveled across the country for a number of jobs over the years and found it difficult to discover a good place to eat on the road. “The only way to find a good restaurant in my opinion was to call somebody you knew,” Vanderwarker told PYMNTS in an interview.
Bobsguide
JANUARY 8, 2019
The global payments landscape is changing. Digital transformation, new collaborative approaches between banks, fintechs and payments providers, and a changing regulatory environment are just some of the overarching themes impacting the sector. In association with Western Union Business.
PYMNTS
JANUARY 8, 2019
After 126 years in business as an iconic American retailer, Sears Holdings has reportedly turned down a bid by Chairman Eddie Lampert to help it stay open. But Lampert’s hedge fund, ESL Investments, reportedly wants to challenge the decision per unnamed sources with knowledge of the situation, CNBC reported. The hedge fund will reportedly refer to the advisory fees incurred by Sears over its bankruptcy, which are said to make up a portion of the retailer’s administrative expenses.
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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.
Insights on Business
JANUARY 8, 2019
At school, we were taught classical physics. The laws of Newtonian gravity dominated our studies and life seemed so simple – everything moved in a straight line unless acted on by an external force and F=ma, mass x acceleration. Then it all changed. Strange effects were observed, the photoelectric effect and the wave particle duality of light. The idea of quantum mechanics was born and is perhaps the greatest scientific theory of the 20 th century.
PYMNTS
JANUARY 8, 2019
Visa and SiriusXM Connected Vehicles Services, a subsidiary of Sirius XM Holdings, have announced they are teaming up to launch a new in-vehicle payment solution. It has been projected that new services from the connected car space — on-demand mobility services, and data-driven services like applications, software and remote services — could generate as much as $1.5 trillion in additional revenue for the automotive industry by 2030.
Bobsguide
JANUARY 8, 2019
This is the second in our series of articles generated from a recent Calypso webinar on BCBS-IOSCO regulatory initial margin (IM) requirements. Given that one of the first decisions to be made is how to calculate IM and exchange it with counterparties, we look at how you can benefit by using a.
PYMNTS
JANUARY 8, 2019
With the holiday shopping season in the rear view, retailers across the globe are tallying up their wins and losses. While the holiday retail rush meant big gains for some retailers, it also came with an influx of fraud, both in-store and online, as fraudsters took advantage of a high-pace, high-volume period of transactions. This was especially true for luxury retailers, which are combating a rising tide of fraud as they ramp up their omnichannel offerings.
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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.
Payments Source
JANUARY 8, 2019
The country’s largest grocery retailer, Kroger, is partnering with Microsoft to pilot two connected experience stores for a proof of concept, featuring new retail technologies that will eventually be deployed across Kroger stores and be sold to the retail industry.
PYMNTS
JANUARY 8, 2019
When Chime ’s Co-founders Chris Britt (CEO) and Ryan King (CTO) first set out to start a web bank, it was with one idea in mind: offering middle-class consumers a good deal. It was something that was surprisingly hard for them to find in mainstream banking. Unbanked and underbanked consumers, Britt noted, have products like Green Dot tailored to their needs – offerings that were “really not a full-featured bank account,” but that provided requisite digital access for those who couldn’t get a reg
Payments Source
JANUARY 8, 2019
A director in the foreign-exchange department of American Express has been suspended, as the card brand continues to investigate pricing practices in that division of the company.
PYMNTS
JANUARY 8, 2019
A new report says that Uber ’s valuation when it goes public is likely to be $14 billion less than its most recent private valuation. According to The Information , it is believed that when the ride-hailing company goes public this year, it will have a valuation of a little less than $90 billion. That number is partially based on previous undisclosed projections that the company handed over to creditors last year, which revealed estimated double net revenue would reach $14.2 billion by 2019.
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Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.
Payments Source
JANUARY 8, 2019
Despite controversy surrounding Ripple’s digital token, one bank is pushing forward to use it in cross-border payments.
PYMNTS
JANUARY 8, 2019
The Reserve Bank of India has released guidelines for what it calls the “tokenization” of debit and credit card transactions, according to reports. Tokenization will replace card details with a code, called a “token,” which will be specifically for the card, the token requestor and the device being used to pay. Instead of the card’s details, the token will act as the card at point of sale (POS) terminals and quick response (QR) code payment systems.
Payments Source
JANUARY 8, 2019
Ethereum Classic, an offshoot of the second-largest cryptocurrency, remains under attack by some of the so-called miners whose servers support the underlying network operations, according to the cooperative that funds development of the digital coin.
PYMNTS
JANUARY 8, 2019
There’s more to consumer life than purchase history — and more to card acquisition, too. This implies that there are more pleasing perks to cardholders than rewards. Consumers want engagement and experiences, and issuers that can provide that can not only gain new customers, but keep tighter and more profitable holds on their cardholders. Those were among the messages offered during a new PYMNTS podcast discussion between Karen Webster and Ondot CEO Bharghavan Vaduvur.
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
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