Chris Skinner

SEPTEMBER 23, 2016

Building on yesterday’s InsurTech theme, I remember being taught the principles of insurance some years ago. A key difference between insurance and any other business is that it is seller beware rather than buyer beware. This is why the industry is built with a principle called uberrima fides rather than caveat emptor. Uberrima fides is … The post Next generation insurance and the future of humanity appeared first on Chris Skinner's blog.

Industry 289

Industry 289

Bank Innovation

SEPTEMBER 23, 2016

Slowly but surely, the waits are disappearing in banking. Mobile banking means you don’t have to wait on line at a branch (not that there would be a line these days if you went there). Accounts can be opened within minutes, and loans are approved more quickly. Perhaps most crucially, payments Read More.

Mobile 281

Mobile Payments Online Technology 281

Payments Dive

SEPTEMBER 23, 2016

A panel at this year's Bank Customer Experience Summit brought together some college students from the University of Chicago to discuss how they view today's financial services.

Chicago 254

Chicago Millennials Apple Customer Experience 254

Bank Innovation

SEPTEMBER 23, 2016

Often touted as a niche industry, this author is seeing early signs that mass-acceptance of fintech providers by consumers and businesses is creeping closer to a tipping point, of sorts. The call may be slightly premature, however the following recent announcements by various industry players all point towards a growing Read More.

Fintech 280

Fintech Industry 280

Advertisement

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

Lending

Accenture

SEPTEMBER 23, 2016

The Clint Eastwood movie, Sully, has received excellent reviews for depicting the reality of decision making under intense pressure. It would have been a different movie if Sully had had the option of climbing onto the wing and swapping out. Read more.

215

215

Abrigo

SEPTEMBER 23, 2016

By Lana Richards, Contributing Writer, Sageworks Auditors tend to get a lot of eye rolls from client personnel. After all, no one likes to have their work questioned or their errors pointed out to their bosses. Yet that questioning is foundational to the audit practice. If auditors are not appropriately skeptical—seeking only to corroborate management’s assertions, perhaps, or rationalizing evidence that doesn’t make sense — then their opinion loses its value to investors.

Analytics 174

Analytics Training Compliance Comparison 174

Bank Innovation

SEPTEMBER 23, 2016

Earlier this week it was announced that HomeSend—a joint venture of Mastercard, eServ Global, and BICS that works to ease cross-border or cross-network transfers—partnered with the Commercial Bank of Ethiopia to launch a new remittance program in the country. Remittance is estimated to be a $3.5 billion—with a B—market in Read More.

Mobile 250

Mobile Marketing Online Payments 250

PYMNTS

SEPTEMBER 23, 2016

Internet of Things technology has been credited with saving people time and money in recent years, but potentially helping parents save their baby’s life? Sudden infant death syndrome (SIDS) claimed the lives of about 1,500 babies in 2014, according to the CDC , and is among some of the most serious concerns first-time parents may have for their newborn.

Utah 168

Utah Technology Data Company 168

Bank Innovation

SEPTEMBER 23, 2016

On this episode of Breaking Banks, host Brett King is joined by fintech blogger Dave Birch to talk about “Cardmageddon,” or the moment when other types of payment will eclipse paying with cards. The two are joined this week by Jordan Lampe, Communications Director of Dwolla (who makes an announcement during Read More.

Cards 248

Cards Fintech Payments Online 248

Advertisement

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

Report

PYMNTS

SEPTEMBER 23, 2016

Now You Can Trade Bitcoin Any Time. The Winklevoss twins want to trade bitcoin, and they want to do it now. Growing impatient waiting for their ETF fund to be listed and to boost bitcoin trading, the cofounders of the Gemini Trust Company, a digital currency exchange based in the U.S., are introducing a daily bitcoin auction so that the currency can be traded any time.

Bitcoin 162

Bitcoin cryptocurrency Cards Community 162

Bank Innovation

SEPTEMBER 23, 2016

Image source That is why the Blockchain session at SIBOS Singapore last year was standing room only and at SIBOS Geneva next week I counted 10 sessions with Blockchain as the primary theme (it will probably be mentioned in at least half the sessions). This is the year when Blockchain Read More.

blockchain 207

blockchain Bitcoin 207

PYMNTS

SEPTEMBER 23, 2016

SWIFT is the latest FinTech player to perk up at the thought of using distributed ledger technology for business transactions. In an announcement on Thursday (Sept. 22), SWIFT released a new paper exploring the use of distributed ledger technologies, like blockchain, and their potential implications for smart contracts , a more enforceable and secure contract that could have significant implications for corporate trade and other business processes. “The promise of DLT [distributed ledger

blockchain 160

blockchain Study Technology Security 160

Insights on Business

SEPTEMBER 23, 2016

How much money should I save and how should I invest my savings in order to retire comfortably? Financial advisors and wealth managers hear this question regularly. Yet, answering this common and seemingly simple question isn’t easy. In fact, the most experienced investment advisors say it is a delicate and onerous process because the response is different for everyone and changes with market expectations and life events.

Management 127

Management Analytics Meeting Innovation 127

Advertisement

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.

Lending

PYMNTS

SEPTEMBER 23, 2016

Forty is the new faster — payments, that is. More than 40 years after its debut, the Automated Clearing House Network becomes the first payments system in the country to offer ubiquitous faster payments to every consumer and business in the U.S. via all banks and credit unions. Today (Sept. 23) marks the launch of Same Day ACH, with three settlement windows enabling consumers and businesses to receive credit, same day, for payments made to them.

Payments 158

Payments Course System Company 158

Insights on Business

SEPTEMBER 23, 2016

As has been noted elsewhere, the Hyperledger project is experiencing spectacular adoption and growth as the combined benefits of a permission blockchain fabric grounded in open source and open governance is even more widely recognized. Indeed membership has risen from 30 to more than 80 participating firms now including DTCC, JPMC and CLS. One of the defining features of blockchain is the means by which consensus is established across the various nodes of a network in order to accept a specific

blockchain 122

blockchain Regulation Marketing Maine 122

PYMNTS

SEPTEMBER 23, 2016

Securing IT infrastructure has reached a critical tipping point. According to new research, despite the fact that cybersecurity has captured the attention of the C-suite, many IT professionals still rate their companies very low when it comes to security practices and procedures. The report from editors at CIO , CSO and Computerworld found that aligning IT security concerns with business needs remains a top challenge for many firms.

Security 156

Security Survey Risk Management Management 156

Payments Source

SEPTEMBER 23, 2016

Global payments activity should grow at an average annual rate of 5% between now and 2020, to $2.1 trillion, according to the latest McKinsey report. But the continuing success of this trend will depend on how well banks adapt to the digital transformation and capitalize on the opportunities it offers for revenue growth.

Report 95

Report Payments Trends Capital 95

Advertisement

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.

US

PYMNTS

SEPTEMBER 23, 2016

The U.K.’s Government Digital Service (GDS) unit, tasked with ushering the government into the digital age, has a problem: Suppliers aren’t seamlessly getting paid. That’s according to what reports on Thursday (Sept. 22) described as a “discovery project,” launched by the GDS’ Digital Marketplace. Its senior product manager, Cath Rooney, published a blog post that highlighted the struggles suppliers face in getting paid by the government after providing digita

Payments 155

Payments Management System Groups 155

Payments Source

SEPTEMBER 23, 2016

Starting today, banks and credit unions will get two extra chances every 24 hours to handle Automated Clearing House (ACH) credit payments. But by itself, same-day speed may not be enough to meet the demands of an increasingly digital world.

Meeting 94

Meeting Payments Online Technology 94

PYMNTS

SEPTEMBER 23, 2016

The latest trend for on-demand players, like Airbnb, is facilitating corporate use of their services. Airbnb has embraced that potential with the launch of its corporate travel services in 2015, and this year, American Express Global Business Travel partnered with the company to facilitate company use of Airbnb’s accommodation services. But a new report from Travel Leaders Group said travel managers’ corporate clients aren’t biting the Airbnb bait as much as some may think.

Trends 153

Trends Management Groups Policies 153

Let's Talk Payments

SEPTEMBER 23, 2016

The rapid transition towards financial inclusion that Sub-Saharan Africa has been seeing in the last decade could not have happened without the successful adoption of mobile money. However, mobile money.

Financial Technology 87

Financial Technology Technology Mobile US 87

Advertisement

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.

Compliance

PYMNTS

SEPTEMBER 23, 2016

Americans are carrying more debt than ever before and paying some of the highest credit card rates every recorded, according to new data. The national average annual percentage rate (APR) for credit card debt is 15.22 percent, according to CreditCards.com’s weekly Credit Card Rate Report. That 15.22 percent rate has held steady for the past three weeks, while the average APR for a new credit card has reached its highest peak in five years, according to CreditCards.com’s data.

Cards 151

Cards Report National Millennials 151

Let's Talk Payments

SEPTEMBER 23, 2016

Ripple announced today that a number of global banks are joining forces to establish the first interbank group for global payments based on distributed financial technology.

blockchain 85

blockchain America Payments Financial Technology 85

PYMNTS

SEPTEMBER 23, 2016

While keeping customer email addresses is fairly common practice, Square wants to help its partners do that service one better by allowing customers who frequent the place to pay with the information from cards they have already used. No card required. To make this feat possible, Square launched Card on File — a new tool that stores customers’ payment information.

Cards 150

Cards Payments Tools Apple 150

Let's Talk Payments

SEPTEMBER 23, 2016

Not even a month after its latest announcement, CheBanca! Is honoring its promise to boost the Italian FinTech ecosystem by making it easier for the Italian startups to be matched.

Fintech 79

Fintech Innovation 79

Advertisement

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.

Lending