Bank Innovation
FEBRUARY 21, 2017
Facebook Messenger’s chatbot horde just got a new member: Say hello to the TransferWise Bot. The U.K.-based TransferWise now allows users to make international transfers through a Messenger bot, which the unicorn developed through its pre-existing API. Currently, the bot lets users send money to and from the U.S., the U.K., Australia, Europe, and Read More.
Chris Skinner
FEBRUARY 21, 2017
The first job Tom Blomfield (left in photo) ever had was delivering leaflets for estate agent Wilson Heal. He lasted one day in the cold December rain before convincing the guys that leaflets were old school and they really needed a website, which Tom then built and still exists today. That opened up the world of the internet, as well as entrepreneurship, for him.
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Bank Innovation
FEBRUARY 21, 2017
In this episode of Breaking Banks Brett King, Marc Hochstein of American Banker, and Peter Renton, founder of LendIt Academy, talk about the upcoming Digital Identity Crisis Webinar, the LendIt Conference at the Javits Center in NYC, and the proposed Fintech Charter, and what that can mean for changes in Read More.
Chris Skinner
FEBRUARY 21, 2017
Things we’re reading today include … How’s your online bank security looking? The Dutch studied theirs and… yeah, not great Come to France post-Brexit, banks urged HSBC faces FCA probe into anti-money laundering controls as profits plunge Bank of England ‘has improved’ its economic forecasting Australia is the most popular country for the world’s millionaires, study finds HSBC’s 2016 profit slumps 62 percent on writedowns, Hong Kong shares slide Ll
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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
FEBRUARY 21, 2017
Facebook Messenger’s chatbot horde just got a new member: Say hello to the TransferWise Bot. The U.K.-based TransferWise now allows users to make international transfers through a Messenger bot, which the unicorn developed through its pre-existing API. Currently, the bot lets users send money to and from the U.S., the U.K., Australia, Europe, and Canada.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
FEBRUARY 21, 2017
In yet another installment of Ant Financial’s global expansion master plan, the company today announced a $200 million investment in Kakao Pay — a soon-to-launch fintech subsidiary of South Korea’s Kakao Corp. Through the deal, Ant will offer its digital financial services to Kakao Pay’s 14 million members, for starters: Kakao Talk – a messaging […].
PYMNTS
FEBRUARY 21, 2017
When a company is hit with a data breach that leads to the leak of consumer information, the event will make headlines. Not so much, however, when a breach results in the compromise of sensitive corporate data, like information on M&A plans or intellectual property. But according to a new report from KPMG and Forbes Insights, about a third of all data breaches result in the leak of corporate data. “Such attacks can be very impactful on the ability to execute business strategy,” e
Bank Innovation
FEBRUARY 21, 2017
In yet another installment of Ant Financial’s global expansion master plan, the company today announced a $200 million investment in Kakao Pay — a soon-to-launch fintech subsidiary of South Korea’s Kakao Corp. Through the deal, Ant will offer its digital financial services to Kakao Pay’s 14 million members, for starters: Read More.
PYMNTS
FEBRUARY 21, 2017
Faster is better when it comes to payments — but only if with speed comes surety. For financial institutions and merchants, validating transactions in real time can be a boon, eliminating returns or declined transactions. In last year’s NACHA Challenge Awards , a team competition that fosters payments innovation, Royal Credit Union earned the Audience Choice Award by proposing an API that lets companies validate consumer accounts in real time.
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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
Payments Source
FEBRUARY 21, 2017
Thousands of U.S. merchants are still holding out against EMV because they see no immediate threat from counterfeit card fraud, and business goes on. But a less obvious change in payment card acceptance may finally force them to upgrade.
PYMNTS
FEBRUARY 21, 2017
Personal assistants tend to have a huge impact on most any organization. From sharing meeting reminders to alerting people that there’s an upcoming deadline, they’re there to ensure everything stays on track and to relieve any added stress derived from minor tasks. In today’s fast-paced world, real-life personal assistants may not be enough to accurately and effectively keep everyone on point.
Let's Talk Payments
FEBRUARY 21, 2017
If your company is still processing vendor invoices manually, you are leaking cash out of your organization. In fact, it is surprising how much money even a small company can.
PYMNTS
FEBRUARY 21, 2017
In today’s fast-paced world of smart devices, consumers are becoming more demanding with regards to product and service delivery. Welcome to the age of instant gratification. Retailers are scrambling to figure out the best ways to provide a more tailored and engaging experience. Research from Boston Retail Partners (BRP) and Manhattan Associates shows that while 70 percent of surveyed North American retailers understand the importance of personalization and are putting it at the top of their obj
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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.
Let's Talk Payments
FEBRUARY 21, 2017
DCB Bank – a new-generation private sector bank – has introduced eye scanning technology to open new accounts for the first time in the country. This novel biometric authentication does.
PYMNTS
FEBRUARY 21, 2017
Mastercard has invested significantly in the Middle East, home to a blossoming FinTech scene. Most recently, the credit card company struck a partnership with Swipezoom in the United Arab Emirates to roll out a B2B payment and invoice management solution, signaling B2B FinTech as a key focus for Mastercard in the market. This week, reports said the company is introducing another B2B tool in the region in partnership with Doha Bank.
NCR
FEBRUARY 21, 2017
This year, the automated teller machine turns 50. It’s come a long way since 1967, when the very first ATM was installed in London. Today, the ATM is one of the most familiar features of the retail banking landscape. It allows customers to do much more than just withdraw cash. Let’s take a look at some of the key developments that have made the ATM what it is today.
PYMNTS
FEBRUARY 21, 2017
(Editor’s note: Forgive the lack of graphics-based data, as per usual. We at PYMNTS are working through some technical issues and will endeavor to have that part of the weekly stock column restored as soon as possible.). Overall a quiet week for stocks just passed, ending last Friday (Feb. 17), and most names on our list were actually flat in terms of percentage changes.
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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
FEBRUARY 21, 2017
International money transfer service TransferWise Ltd. has announced an integration with Facebook Inc.’s Messenger that will let people set up foreign exchange transactions over the chat service.
PYMNTS
FEBRUARY 21, 2017
Understanding the consumer is key for retailers, and leveraging Big Data can mean big returns on marketing investments. It’s no small task, by any stretch of the imagination, for retailers to make sense of consumer behavior. Which is why retail marketers — along with marketers of financial services, travel and other B2C verticals — are signing on with SmarterHQ ‘s multi-channel behavioral marketing platform.
Bobsguide
FEBRUARY 21, 2017
Peter Caiazzi, Senior Vice President of Product Development, TAS Group. Customer expectations are driving the instant payments demand, and technological advances are ready to meet them. So why do many banks seem reluctant in adopting Instant Payments? In assessing their readiness, banks are.
PYMNTS
FEBRUARY 21, 2017
There’s no doubt that baby boomers and millennials have different preferences when it comes to lifestyle choices. But what was once possible 30 or 40 years ago during baby boomers’ younger days isn’t quite the same for millennials today. Times have changed, and it’s not necessarily for the best. The area where the differences are most apparent are found in the way that each generation has the capability to plan out their future.
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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.
BankNXT
FEBRUARY 21, 2017
Phil Siarri talks to Sami Boutaleb, CEO of Montreal Heritage Capital, the only Canadian factoring company to entirely specialise in governmental, para-governmental and health segments. Sami Boutaleb on the story behind Montreal Heritage Capital on BankNXT.
PYMNTS
FEBRUARY 21, 2017
Blockchain has significant potential to disrupt B2B payments in the name of digitization and security. And with paper checks as some of the most manual and least secure corporate payment technologies in use today, it could be a good place for blockchain disruption to start. Japan’s largest bank, Bank of Tokyo-Mitsubishi UFJ (MUFG), is reportedly testing blockchain technology to digitize the paper check, reports said Monday (Feb. 20).
Payments Source
FEBRUARY 21, 2017
Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Apple picks up support in Australia; Ant makes more investments; Mastercard pushes tech in Russia; U.K. wants AML changes; NAB adds tech to health care pay.
PYMNTS
FEBRUARY 21, 2017
In commerce, speed matters. In eCommerce, speed matters even more. Our always on, always connected, always transacting culture can be stymied at the point of pickup, if friction exists. In the latest installment of Data Drivers, Curbside CEO Jaron Waldman offered insight to PYMNTS’ Karen Webster as to why curbside delivery, with a focus on mobile, can streamline the continuum between shopping and pickup, often within an hour.
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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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