Sun.Aug 11, 2019

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The best FinTech startups in Europe

Chris Skinner

I received a long and lengthy article last week from Taylor Ryan, CMO at Valuer.ai (tryan@valuer.ai). The link provides a comprehensive article on European FinTech developments. It’s so good that I am happy to share it with y’all. Enjoy. THE BEST FINTECH STARTUPS IN EUROPE Government support for the financial … The post The best FinTech startups in Europe appeared first on Chris Skinner's blog.

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What Commercial Loan Covenants Matter For Banks

South State Correspondent

MANAGING LENDING RISK We are not sure when the first signs of a credit shock will appear, but it is coming. When it does, it will be the presence of commercial loan covenants that give banks a competitive advantage of using covenant violations to pressure borrowers so that banks can improve their risk position.

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Things worth reading: 12th August 2019

Chris Skinner

Things we’re reading today include … Mexican banks report failures in processing card payments RBS ‘set to appoint Rose as next boss’ Sustainable funds more likely to be top performers, study shows And the next Bank of England governor will be … The bank that likes to say no … … The post Things worth reading: 12th August 2019 appeared first on Chris Skinner's blog.

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China’s Central Bank Completes Development Of Digital Currency

PYMNTS

The People’s Bank of China (PBoC) said it is now ready to launch its own blockchain-based digital currency after five years of research, CoinTelegraph reported on Sunday (Aug. 11). Deputy Director Mu Changchun said that PBoC’s digital currency “can now be said to be ready,” he told the news outlet, and a prototype was successfully developed that uses the blockchain architecture.

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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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Capital One breach shows even a strong cloud has holes

Payments Source

There is no silver bullet when it comes to cybersecurity—and that goes double for the cloud, says Justin Fier, director for cyber intelligence and analysis at Darktrace.

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Why U.K. fashion retailers are rethinking their payments processes

Payments Source

In recent years, the in-aisle payments and checkout-free stores have become increasingly common across the U.K. retail market, especially in the supermarket and grocery sector. Now high street fashion outlets are coming under pressure to introduce faster and more convenient payment options to keep up with consumer demands.

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Bitcoin Daily: NJ Assembles Blockchain Initiative Task Force; IBM Eyes Blockchain Browser

PYMNTS

New Jersey ’s governor has signed a bill to implement a Blockchain Initiative Task Force. Bill S2297 explained that the task force will study potential uses for blockchain technology on the state and local level, with an emphasis on medical records, land records, banking, and property auctions as potential applications. “Blockchain technology is a promising way to facilitate a transition to more efficient government service delivery models and economies of scale, including facilitating safe, pap

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Budget Travelling Across Europe

BankBazaar

Looking to travel across Europe on a shoestring budget? Here are a few handy tips that can help you save a ton of cash while you take in all the sights and sounds the continent has to offer. . When most people think of travelling to Europe they usually assume it will be a pretty expensive affair. And they certainly aren’t wrong! Dreaming of a picturesque European sojourn is generally also accompanied by nightmares of empty bank accounts and Credit Card bills that run for miles.

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Amazon Delivery Causes USPS Shipments To Decline

PYMNTS

The U.S. Postal Service (USPS) reported a decline in package shipping for the third quarter of fiscal 2019. According to a press release , while the agency saw an increase in total revenue for the period — $17.1 billion, which is a boost of $16 million — it was essentially flat compared to the same quarter last year. There were declines in package shipment for USPS, with first-class mail revenue falling by $98 million, or 1.6 percent, on a volume decline of 361 million pieces, or 2.7 percent, co

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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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Customer Engagement Needs to Improve at Most Financial Institutions

The Financial Brand

Financial institutions must rethink how they engage and connect with consumers, using personalized, real-time, and consistent communication. The post Customer Engagement Needs to Improve at Most Financial Institutions appeared first on The Financial Brand.

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Tech Glitch Halts Card Processing For Some Mexico Merchants

PYMNTS

Shops in Mexico started asking customers to pay with cash after several of the country’s biggest banks started having issues handling debit and credit card payments, Reuters reported on Saturday (Aug. 10). Cards affected included Banorte , HSBC and Santander , who said on Twitter that they would find a way to rectify the problem, which seemed to be with the company processing the payments.

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Apple Card Rollout Threatens Traditional Financial Institutions

The Financial Brand

Now that Apple Card is in the market, banks and credit unions must ask: Can we match this high-powered offering from Apple and Goldman Sachs? The post Apple Card Rollout Threatens Traditional Financial Institutions appeared first on The Financial Brand.

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Lawsuits Pile Up For Cap One, Amazon Post Hack

PYMNTS

Capital One and Amazon Web Services are being sued by customers due to the massive hack that impacted more than 106 million people, GeekWire reported. Software engineer Paige Thompson , 33, allegedly boasted about the hack and left crumbs for investigators to follow. She formerly worked for Amazon Web Services, which hosted the Capital One database that was breached.

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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.