Chris Skinner
DECEMBER 5, 2018
Wired are really good at writing long, wordy essays on things they find of interest. I enjoy them, but not everyone has half an hour to read their musings. Therefore, as it covers my favourite FinTech firm Stripe, here’s a 1,500 abridged version of their 16 page, 5,000 word original … The post The untold story of Stripe appeared first on Chris Skinner's blog.
Bank Innovation
DECEMBER 5, 2018
Urjanet is using utility data to help underwrite loans and widen access to financial services — and it has more utility data than anyone else. The company started in the energy and sustainability space in 2010. (“Urja” means energy.) It now has an increased focus on data analysis tools and digital transformation and has close ties with […].
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Payments Dive
DECEMBER 5, 2018
This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.
PYMNTS
DECEMBER 5, 2018
When the data of 15 million T-Mobile customers was stolen in 2015, the mobile firm’s CEO immediately went into damage control mode. John Legere released a statement when the news broke, offering customers access to free credit monitoring and identity resolution services, and emphasizing the company’s efforts to assist clients concerned about their privacy.
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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
Payments Dive
DECEMBER 5, 2018
This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
DECEMBER 5, 2018
By almost any measure, John Gossart , COO and Co-founder of fundraising resource Goodworld , has done more than his fair share of public service. He served two decades in the military and government, eventually working in a Department of Defense counter-terrorism post that took him to Pakistan, Yemen, Iraq and other countries. That is, until he decided, in his own words, that “the counter-terrorism world became more of a younger man’s game.
Bank Innovation
DECEMBER 5, 2018
Chief executives at the country’s three biggest banks are sounding bullish on banking this coming year despite a looming threat of recession that some of them helped prognosticate. Throughout presentations and Q&As at the Goldman Sachs U.S. Financial Services Conference in New York on Tuesday, CEO after CEO said they don’t see a lot to […].
PYMNTS
DECEMBER 5, 2018
After one of the largest data breaches in history, affecting an estimated 500 million guests , Marriott International Chief Financial Officer Leeny Oberg said the attack is too recent to estimate how much it will cost the company, and that it’s hard to compare attacks between other companies and Marriott, according to a report by Bloomberg. The company was made aware of the attack in September, after an alert from an internal security tool.
Bank Innovation
DECEMBER 5, 2018
Ian Putter, head of unified finance development & innovation at Standard Bank, Africa’s largest bank, will join Bank Innovation Ignite 2019 in Seattle in March 2019 to discuss the bank’s work in blockchain. The event will take place March 11-12 at Seattle’s Hyatt Olive 8 Hotel. You can join the event by registering here. Standard Bank […].
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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
PYMNTS
DECEMBER 5, 2018
Banking in blockchain – with real-time payments as a kicker? CoinDesk reported this week that Signature Bank , which is based in New York, is debuting a digital payments platform that is built on blockchain – and geared toward real-time transactions. With the dawn of the new year, the platform, to be known as Signet, will go live on Jan. 1, and will let customers transact at any time.
Bank Innovation
DECEMBER 5, 2018
The digital banking software provider Q2 Holdings announced yesterday it had acquired Atlanta-based digital sales platform Gro Solutions. This acquisition, the second of the year for Austin, Texas-based Q2, came about through a shared investor, Gro CEO David Eads told Bank Innovation. Q2 announced it was buying Cloud Lending, a cloud-based lending platform, in August.
PYMNTS
DECEMBER 5, 2018
India saw a busy year in B2B FinTech as the small business (SMB) community continued to demand enhanced financial services. The nation continues to push against cash in favor of digital payments, while both the government and private sector continue to fuel FinTech innovation. It hasn’t been easy for the nation’s small businesses, however.
Bobsguide
DECEMBER 5, 2018
“The big banks lacked focus on getting a full and seamless customer experience right,” said Andrew Stevens, financial services specialist at Quadient, the customer experience platform on a panel at FinTech Connect. “The lack of focus on customer experience has enabled the rise.
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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.
PYMNTS
DECEMBER 5, 2018
Cryptocurrency exchange ErisX announced that it has raised $27.5 million from investors, including Fidelity Investments and Nasdaq Ventures. The exchange is set to launch next year, pending regulatory approval. The funding will be used to hire staff, “build out our infrastructure and secure the appropriate steps are taken to develop a regulated market for digital assets,” said ErisX Chief Executive Officer Thomas Chippas, according to Reuters.
Payments Source
DECEMBER 5, 2018
The first wave of data from this year's holiday shopping season is in, providing insights into where the biggest fraud threats are likely to originate in the final weeks of the year.
PYMNTS
DECEMBER 5, 2018
Much has changed in healthcare over the last decade. Technology, of course, has helped make strides in how we detect and treat any number of maladies. You can use your watch to monitor how many steps you take, use your phone to set up (literal) facetime with a physician, and pay bills with a tap of a virtual wallet. Online pharmacies deliver cost savings to customers, Amazon is debuting software that mines data and translates physician notes to improve the continuum of care.
Bobsguide
DECEMBER 5, 2018
“If you speak to any challenger bank they continue to tell you that customer acquisition is killing them, and users won’t come unless you show them the worth,” said Suchitra Nair, director of regulatory strategy at Deloitte, speaking on the side lines of Fintech Connect in London.
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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.
PYMNTS
DECEMBER 5, 2018
Small business InsurTech startup CoverWallet is positioning itself directly with insurance brokerages, according to Insurance Journal reports Tuesday (December 4). The company aims to “reinvent insurance for small businesses” and launched to provide small business owners with access to insurance products and management solutions. Now, the company is looking to expand by working with brokers, too, and Chief Executive Officer Inaki Berenguer told the publication that 16 agencies have already been
Bobsguide
DECEMBER 5, 2018
The fintech community needs to have more female role models if it is to redress its diversity issues and inspire young women to attempt a career in technology, according to a panel at Fintech Connect in London this week. The 2017 Women in Fintech Powerlist revealed that 30% of the UK’s.
PYMNTS
DECEMBER 5, 2018
New York-based Signature Bank is rolling out a digital payments platform powered by blockchain that enables real-time payments for corporate customers. The financial institution announced on Tuesday (Dec. 4) the launch of its payments platform, Signet, to provide digital payment services for corporate customers. The platform was developed in partnership with blockchain company trueDigital Holdings, Signature noted, and will go live on Jan. 1, 2019. “Signet will quickly prove to be extremel
Bobsguide
DECEMBER 5, 2018
Nearly a year on from PSD2 implementation, UK consumers remain none the wiser over the benefits of sharing their data across the financial ecosystem, according to Roland Fejfar, vice president of fintech at Morgan Stanley, who was speaking at FinTech Connect. “72% of UK consumers.
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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.
PYMNTS
DECEMBER 5, 2018
The holiday shopping season is here — and to capture profits, retailers need to ensure that customers’ payment experiences are as smooth as possible. That means adopting solutions like mobile point-of-sale (mPOS) to avoid the long checkout lines that discourage all but the most diehard shoppers. It also means ensuring those devices can accept whichever kind of payment instrument customers prefer.
Payments Source
DECEMBER 5, 2018
Today’s customers demand seamless experiences. They want simple loyalty solutions without the clutter of tracking their rewards and coupons, according to Francis Hondal, president of loyalty and marketing services at Mastercard.
PYMNTS
DECEMBER 5, 2018
National used car retailer CarMax has announced the launch of a new omnichannel buying experience that will be made available first in Atlanta, Georgia. Customers can choose to purchase a car completely from home, in-store, or through an integrated combination of online and in-store experiences. The company is also launching a new express pickup option, which allows customers to do most of the process online and complete their purchase in store in as little as 30 minutes.
Bobsguide
DECEMBER 5, 2018
The insurance market is “tough” and the product “isn’t loved in anyway shape or form”, according to Matt Poll, CEO of Neos. Speaking at Fintech Connect, Poll underlined the fact that customers do not traditionally trust insurance providers, thanks to low and negative.
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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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