Chris Skinner

AUGUST 19, 2016

In Trade Finance there’s a lot of activity. As mentioned yesterday, you have HSBC and Bank of America working with HyperLedger; R3 trialling with 15 banks based upon Corda; Ripple working with Standard Chartered and DBS; and JPMorgan have been developing a trade finance trial with Digital Asset. These are platofrms and industry developmetns, but … The post Five Standout Start-Ups Focused Upon Blockchain Trade Finance appeared first on Chris Skinner's blog.

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Bank Innovation

AUGUST 19, 2016

Former bitcoin champion Stefan Thomas caused a small stir in the blockchain world today when he posted an essay entitled “The Subtle Tyranny of Blockchain,” which, as the title suggests, does not reflect favorably on the technology. “In any protocol, everyone has to act the same. But in a blockchain Read More.

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Payments Dive

AUGUST 19, 2016

There are more than a few big reasons Wal-Mart is advancing its mobile retail customer experience and the big one is consumers want a smooth, fast, easy experience. In fact, they're demanding it.

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Bank Innovation

AUGUST 19, 2016

This week, Breaking Banks hosts Brett King and Chris Skinner continue their five-part series on the blockchain, this time discussing the way the technology is being used in non-fintech areas such as healthtech, biotech, trade, and energy. King and Skinner were joined by quite a few voices this week, including Bailey Reutzel, Read More.

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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

Lending

Chris Skinner

AUGUST 19, 2016

Things we’re reading today include … ACCC takes more time on Apple, big bank iPhone stoush The bank that charges to keep your money ECB Minutes Flag Brexit and Banking Sector Concerns Lloyds Banking Group, HSBC and Royal Bank of Scotland in firing line in Australian rate rigging case brought in the US Moody’s deals … The post Things worth reading: 19th August 2016 appeared first on Chris Skinner's blog.

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Abrigo

AUGUST 19, 2016

Guess what, accountants? Americans really like you. In fact, in Gallup’s annual measure of U.S. business sectors, the accounting industry garnered the fifth-highest positive rating. And while accounting wasn’t as popular as the restaurant industry or farming, it enjoyed a nearly 4-to-1 positive-over-negative rating in Gallup’s poll , released recently.

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Bank Innovation

AUGUST 19, 2016

Photo by Denis Dervisevic In this two part series, we delve into the reputation economy and its impacts on small business finance and banking. In today’s second and final post we put forward a blueprint for a new kind of small business bank – one that actively improves its customers reputations with Read More.

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Abrigo

AUGUST 19, 2016

Progressive banks are increasingly turning to stronger pricing models that incorporate loan risk, borrower profitability and bank strategy to ensure that the customer always sees the bank’s best rate. This rate may not be the lowest rate, but it will be its best rate that aligns with the strategic goals of the bank. These pricing models incorporate not only the likelihood of payment default but also an estimate of how much could be lost in the event a borrower fails to fulfill financial obligati

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Bank Innovation

AUGUST 19, 2016

A new series of videos from Bank of America, released this week, features a talking llama that wants you to “llove” your BofA app. The videos feature a deadpan llama describing his mobile app in various absurd situations, such as an alien visitation. Aliens cavort in the background while llama priases the Read More.

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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

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PYMNTS

AUGUST 19, 2016

In its seventh year collaborating with Stand Up To Cancer , Mastercard announced that its cardholders helped to raise $4 million during the annual Dine Out campaign. Cardholders were invited to donate to the cause and give back by dining out and sharing their reason for fighting cancer. The campaign, which ran for a period of time this summer, saw Mastercard make a donation to Stand Up To Cancer each time a cardholder spent more than $10 for a qualifying meal using their Mastercard card.

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Course Innovation Cards Marketing 128

Celent Banking

AUGUST 19, 2016

I subscribe to Marcus & Milichap’s research blog. Getting my head out of banking from time to time is refreshing and provides useful perspective. A recent blog post commented on the changing make up of commercial property construction as a result of the continued growth in digital commerce. The completion rate of new construction (measured in millions of square feet) has been roughly a third of its pre-2008 boom.

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PYMNTS

AUGUST 19, 2016

There were more robots ordered for manufacturing and business purposes in the first half of 2016 than at any point ever before, according to the Association for Advancing Automation (A3). A3 says the rise in automated manufacturing “promises increased efficiencies in production and the ability to compete globally.”. In total, 14,583 robots, at a value of $817 million, were ordered by North American companies during the first half of 2016, according to A3, which is a record and a 2 percent growth

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Let's Talk Payments

AUGUST 19, 2016

When observing an industry in the midst of rapid transformation, you can usually identify technological disruption as one of the primary agents of change. New technologies appear, processes change and.

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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.

Lending

PYMNTS

AUGUST 19, 2016

Income-driven repayment plans for federal student loan borrowers may not be as great as they are billed. That’s according to the Consumer Financial Protection Bureau (CFPB) Student Loan Ombudsman, which released a report showing consumers complain of servicing problems that make it hard to get lower student loan payments tied to their income. According to the CFPB, the delays and rejections can often result in increased interest charges and lost eligibility for other federal benefits and protec

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Let's Talk Payments

AUGUST 19, 2016

The purpose of this article is to highlight the issues of a consumer who wants to invest in digital currencies like bitcoin and how can the regulator achieve the twin.

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PYMNTS

AUGUST 19, 2016

Russia’s love-hate relationship with digital currency continues. One minute officials are threatening to punish bitcoin operatives and traders, the next minute they are suggesting that citizens can use bitcoin “in areas where such activities are legal.”. A few days ago, Cryptocoinsnews said that Russia’s announcement that it would penalize whoever is involved in bitcoin operations would “end two years of speculation” on Russia’s stance.

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Payments Source

AUGUST 19, 2016

The shifting attitude of Asian consumers such as Chiu is upending the economics of the credit-card industry, and banks like Citigroup Inc., HSBC Holdings Plc and Standard Chartered Plc are taking note. The banks, which increasingly rely on the region’s swelling number of affluent people to drive profits, are slashing the number of card products they offer in Asia and focusing instead on getting a smaller range of cards adopted for online payments.

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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.

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PYMNTS

AUGUST 19, 2016

As the instances and threat of ransomware continues to wreak havoc on both businesses, governments and individuals around the world, it seems as though bitcoin has found itself closely intertwined with the malicious software. As The Wall Street Journal pointed out on Friday (Aug. 19), cybercriminals have earned millions through ransomware schemes of encrypting computer systems and files, only to hold them hostage for ransom.

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Payments Source

AUGUST 19, 2016

Singapore plans to reduce the role of cash and checks in its economy by encouraging banks to switch to digital payments, according to the head of the country’s central bank.

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PYMNTS

AUGUST 19, 2016

Back-to-school shopping season may be in full swing, but holiday shopping season will soon be on deck after that. And one exec from Merkle , the data-based marketing agency with over 100 prominent retail clients, believes retailers need to start planning their holiday shopping strategies now. Ryan Gibson, executive vice president of marketing strategy at Merkle, provided a series of tips and insights to retailers during a presentation at the eTail East summit in Boston on Thursday (Aug. 18) enti

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Payments Source

AUGUST 19, 2016

Blockchain technology is often suggested as an answer to the financial world's security problems. Banks on the Swift network are being hacked? Put those international wire-transfer instructions on a blockchain. Card-not-present fraud is up? Well then, merchants should just let people pay with bitcoin. Problem solved.

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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.

Compliance

PYMNTS

AUGUST 19, 2016

Book lovers might want to rejoice — or at least, there’s new data that shows book sales on the rise for the first time in years, which could harken a potential return for the struggling bookseller industry. According to information compiled by Statista , U.S. bookstores had their first positive sales year last year since 2009. Bookstores sales were up 1.9 percent total in 2015 to just over $5 billion, after years of sharp declines since 2009 that sometimes saw losses of over 7 percent of total s

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Bobsguide

AUGUST 19, 2016

Financial regulations are being altered in order to ensure that electronic payments can be facilitated in Singapore and this news follows many announcements from the city-state that show that this region is dedicated to becoming a fintech centre. Reuters reported on this and explained that the.

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PYMNTS

AUGUST 19, 2016

Customers’ tastes, habits, preferences, opinions and attitudes are constantly shifting. A new study looking at the changing habits of consumers explores the role that social currency has in influencing consumers’ shopping habits and preferences. So what is social currency? Put simply, social currency is anything that a consumer shares about themselves – be it online, via social media or in person – because they believe it will make others like them.

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Payments Source

AUGUST 19, 2016

Eddie Bauer acknowledged that a data breach compromised credit cards used in its 350 stores during the first six and a half months of 2016.

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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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