Payments Dive
DECEMBER 13, 2019
As cashierless shopping becomes more popular, a stark disparity is coming to light — the underbanked are getting left behind. In this blog post, Plain Green's Guy Dilger talks about the move away from cash and how some cities are fighting back.
Bank Innovation
DECEMBER 13, 2019
Smaller banks and credit unions are under increasing pressure from larger banks and tech-centric financial services companies. New data shows why significant gaps in mobile banking capabilities are complicating these FIs’ struggles to keep up. Underlying macro trends where big banks continue gaining share, data on product and feature-level propositions provides a granular view of […].
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Abrigo
DECEMBER 13, 2019
Key Takeaways Changing your perspective on asset/liability management can position your financial institution for better business results. A dynamic ALM approach provides an ongoing method for evaluating risk and return and for strategic decision-making. The basic, static approach adds little value beyond satisfying regulatory requirements. Outsourced advisory services can help financial institutions transition to a dynamic ALM approach.
Bank Innovation
DECEMBER 13, 2019
North American banks could save more than $70 billion through 2025 using technology to automate jobs or assist employees, according to estimates from Accenture Plc. The study released Thursday found that the broader group of financial-services firms in the region could save $87 billion to $140 billion through automation and augmentation of more than half […].
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Abrigo
DECEMBER 13, 2019
Key Takeaways. The FDIC released a manual on Formal and Informal Enforcement Actions. ABA study shows banks are reporting more cases of EFE. The Senior Safe Act provides a safe harbor for financial institutions reporting suspected EFE. . The FDIC released its manual on Formal and Informal Enforcement Actions. For the first time, the FDIC released its manual on Formal and Informal Enforcement Actions to provide greater transparency to those processes.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
DECEMBER 13, 2019
The holiday season is in full swing. That means opening up wallets and purses at the point of sale, which often means paying with cash … and cash? Well, that means trips to the ATM. For fraudsters, armed with new technologies, the ATM is fertile ground for fraud. In an interview with PYMNTS, David Phister, director of systems security product management at Diebold Nixdorf , said that when it comes to combatting fraud, “holiday seasons are always tough.
Bank Innovation
DECEMBER 13, 2019
Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, December 13, 2019. In this episode, Suman Bhattacharyya, senior editor, and Angely Mercado, associate editor, discuss the following news developments: Corporate card and financial product startup Brex’s marketing strategy; Inspired Capital’s recent investment in business banking platform Rho; and […].
Accenture
DECEMBER 13, 2019
Payments have been an indispensable part of people’s lives for many centuries. Throughout history, we have seen significant advances from the use of leather money in ancient China, through the development of gold coins and paper notes, all the way to today’s contactless payments, which can now be initiated via smartphones and wearable devices. Whilst….
PYMNTS
DECEMBER 13, 2019
Travel was the original impetus behind the sharing economy, with platforms like Airbnb opening up private houses for vacation rentals and Uber catering to those needing rides to work or home. This segment has expanded, but the business model and target customers remain roughly the same: younger consumers with money to burn. What this demographic wants out of peer-to-peer (P2P) marketplaces is changing, however, as more millennials become fully active members of the working world.
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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
ABA Community Banking
DECEMBER 13, 2019
In this bonus episode of the ABA Banking Journal Podcast, senior OCC policy official Grovetta Gardineer digs into the details of the OCC and FDIC's notice of proposed rulemaking on the Community Reinvestment Act. The post Bonus Podcast: Digging into the Details on CRA Modernization appeared first on ABA Banking Journal.
PYMNTS
DECEMBER 13, 2019
Facebook has been using a new type of artificial intelligence (AI) to identify and delete hundreds of millions of fake accounts, according to a report by VentureBeat. In its most recent Community Standards Enforcement Report, the company said it has removed 3.2 billion fake accounts between April and September of this year, which is more than double the same period a year ago.
Payments Source
DECEMBER 13, 2019
Payment companies looking for relief from international political chaos got a moment of clarity in the form of a decisive U.K. election and nominal progress in the trade war.
PYMNTS
DECEMBER 13, 2019
Everything else is getting smarter these days — homes, phones, wearables and even clothing — so why shouldn’t the same standard apply to automotive wheels? Yes, wheels promise to gain more intelligence in the coming years — a reflection not only of the emerging ecosystem of connected vehicles, but the 5G future. The new 5G mobile technology, which is faster speeds and robust data transmission, promises to change a host of industries and economic sectors large and small.
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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
DECEMBER 13, 2019
US banks are researching use cases of alternative data in the lending space, according to software vendors. “The risk of using alternative data without some sort of guidance framework is that data can be used intentionally or unintentionally in a discriminatory fashion. So.
PYMNTS
DECEMBER 13, 2019
There are all kinds of pop-up shops that have, well, popped up over the last several years. Pop-up bars, pop-up candy shops, pop-up hairdressers, pop-up sleeping pods, pop-up museums – since 2015, one can basically take any retail-connected noun, pair it with the word “pop-up” and have a better than 50/50 chance of finding a match somewhere in an American city.
Jack Henry
DECEMBER 13, 2019
The world of financial technologies has bee n experiencing dynamic changes in recent years. As we prepare to enter 2020, it is important to look at how the past 10 years have shaped our industry and highlight emerging trends that are likely to dominate the software development landscape in the next 12 months. Here are the top four trends that are likely to impact future software development in the year ahead.
PYMNTS
DECEMBER 13, 2019
Don’t look now, but retailers and commerce are getting more visual with reality. Recently, Verizon announced that it’s partnering with Snap Inc., the company that owns popular social media video platform Snapchat, to provide 5G content for users, including enhanced augmented reality (AR) experiences. The initiatives will take advantage of Verizon’s 5G Ultra Wideband tech to not only provide innovative AR products, but content and new ways for people to communicate.
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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.
ZootBlog
DECEMBER 13, 2019
The post Partner Spotlight: LexisNexis Risk Solutions appeared first on Zoot Solutions.
PYMNTS
DECEMBER 13, 2019
Walmart India is investing in B2B supply chain management startup Ninjacart, a company that specializes in streamlining the strategic sourcing operations of the grocery sector. Reports in Fresh Plaza on Friday (Dec. 13) said that Walmart India, alongside Flipkart (which was acquired by Walmart in 2018), led the investment in Ninjacart for an undisclosed sum.
ATM Marketplace
DECEMBER 13, 2019
Donna Embry is the SVP of global payment strategies at Evolve Bank & Trust, and she's involved with next-gen on multiple levels. ATM Marketplace spoke with her to learn more about why IADs, in particular, should be paying attention to the project.
PYMNTS
DECEMBER 13, 2019
To provide retail consumers in China with a new widely available and streamlined investment advisory service, Vanguard and Ant Financial Services Group announced a partnership. Their joint venture will provide individual investors in the country with a fund investment advisory service as approved by the China Securities Regulatory Commission (CSRC), bringing together the advisory as well as investment management service expertise of Vanguard and the technology of Alipay, according to an announce
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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.
Tom Groenfeldt
DECEMBER 13, 2019
The Financial Stability Board (FSB) in a recent report said “…there may be new issues for authorities and financial stability that stem from the scale of services provided via the cloud and the small number of globally dominant players.
PYMNTS
DECEMBER 13, 2019
To give players an easy way to order official state lottery tickets, Jackpocket today announced the public rollout of its lottery app in the Garden State. New Jersey is the first state lottery to authorize lottery courier services formally, enabling the placement of orders via a mobile app, according to an announcement from the company. . Players in New Jersey can place orders in the app for favorites like Powerball, Mega Millions, Cash4Life, and New Jersey’s Pick-6.
Payments Source
DECEMBER 13, 2019
Swedish payment provider Klarna Bank AB is preparing for a potential initial public offering in the next one or two years as the most valuable European fintech startup expands rapidly in the U.S.
PYMNTS
DECEMBER 13, 2019
Traditional bank loans remain the undisputed leader in small business lending. Fueled further in the U.K. by regulatory initiatives (designed to spur competition in small business banking, open up the market to new challenger banks and support marketplace lending platforms), the bank loan is often the first place small business owners look when in search of capital.
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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.
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