Bank Innovation
FEBRUARY 22, 2017
Hyperledger Project – the cross-industry effort for the advancement of blockchain technology – enlisted a new member, but it’s not your usual bank or tech firm this time. Daimler AG — the parent company of Mercedes Benz — joined the project yesterday as a “Premier” member to “collaborate with a Read More.
Chris Skinner
FEBRUARY 22, 2017
I heard a rumour the other day. The rumour goes something like: are you not surprised that banks grow into big beasts, as it’s government supported? Governments want banks to be big and regulated, because governments can then access the data the bank is keeping about their clients. IT’s access to data for tracking financial flows and movements that is at the core of government interests here.
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Bank Innovation
FEBRUARY 22, 2017
Innovation groups are a relatively recent, but an increasingly important, addition to traditional bank structures. FIs employ different approaches when forming those teams: some banks have full-time, devoted engineers and technologists, while others source their existing employee-base to bring in a mixture of expertise from different departments. Whatever the approach is, Read More.
Accenture
FEBRUARY 22, 2017
Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. Over the past couple of. 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
Bank Innovation
FEBRUARY 22, 2017
We will not argue about whose banking system is the best in the world. There are different factors to consider for each market, so that it is difficult to establish a ranking. (In addition, it would be a boring task.) But consider the following question. Given the present rate of Read More.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
FEBRUARY 22, 2017
Lendit and 500 Startups have announced the eight finalists for their PitchIt competition, which will occur at the annual LendIt conference next month. The eight fintechs chosen to compete for mentorship (among other perks) from top companies like Plug & Play Ventures, InnoVentures, and StartupBootcamp span various corners of fintech, from online Read More.
Accenture
FEBRUARY 22, 2017
Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. Over the past couple of years, we’ve seen RegTech arise as an entity in its own right. It’s a welcome development: financial regulation’s been increasing in complexity since 2008…and so has the compliance challenge.
PYMNTS
FEBRUARY 22, 2017
As the European Banking Authority (EBA) prepares for the Revised Payments Systems Directive ( PSD2 ) to come into effect next year, it has reportedly changed its tune on one aspect of the rules that led to widespread criticism among online merchants. Reports Tuesday (Feb. 21) said the EBA has agreed to relax proposed rules that would require more stringent customer authentication measures for online sellers after industry players raised concerns that the rules would lead to abandoned checkouts a
Bobsguide
FEBRUARY 22, 2017
Blockchain has created a huge amount of buzz in the financial services industry since its official debut into the market in 2009. The question of when blockchain will go mainstream is yet to be answered, but there is constant speculation around the topic. However, the technology has been widely.
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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
FEBRUARY 22, 2017
While buying someone a present is a nice gesture, more people today are looking for experiences over physical gifts to celebrate their birthdays or anniversaries. As such, this has brought on people taking more trips around the world. In combination with new experiences and the instantaneous gratification of smart devices, there is one company that’s taking these concepts to new heights.
Payments Dive
FEBRUARY 22, 2017
This document helps carriers prepare for launching direct carrier billing on Google Play.
PYMNTS
FEBRUARY 22, 2017
Amazon Prime members in Las Vegas will now be able to have food delivered in one hour or less from some of the city’s most popular eateries through the Amazon or Prime Now mobile apps or by visiting www.amazon.com/restaurants. The company announced yesterday that it will now allow its Prime members in Las Vegas to order from participating restaurants, browse menus, track the status of their delivery and watch as their delivery driver travels from the restaurant to their address in real time.
Let's Talk Payments
FEBRUARY 22, 2017
SEATTLE – Feb. 21, 2017 – Remitly, the largest independent mobile remittance company in the United States, today announced it doubled its 2015 annualized remittance volume to $2 billion in.
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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
FEBRUARY 22, 2017
As online shoppers grow to expect, if not require, quick and easy shipping of their purchases, logistics companies have been making investments to keep up with increasing demand. United Parcel Service (UPS) announced recently, for one, that it will begin to make ground deliveries on Saturdays starting in April, said The Wall Street Journal. The delivery company already makes some express and air package deliveries on Saturdays.
Let's Talk Payments
FEBRUARY 22, 2017
Announced in February 2017, the Citi ‘Tech for Integrity (T4I) Challenge is an open innovation competition to source solutions to promote integrity, accountability and transparency in the public sector. Led.
PYMNTS
FEBRUARY 22, 2017
Home Depot’s earnings have reportedly reaped the benefits of a strong U.S housing market. Earlier this week, Home Depot reported that Q4 sales beat analysts’ projections, hitting $22.2 billion. Same-store sales rose 5.8 percent in Q4. Home Depot said it added $11 billion to the top line over the past two years and targets 4.6 percent in comp sales growth through 2017.
NCR
FEBRUARY 22, 2017
The once critical bank branch has come under a lot of strain in recent years, with the rise of online and mobile services offering alternatives for consumers, and cost pressures a constant factor. But it remains an essential channel that banks cannot afford to reduce their focus on. Closing branches is always a last resort, and one that’s typically met with negative headlines, because despite the growing capabilities of online and mobile, the branch experience is still the first port of ca
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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
FEBRUARY 22, 2017
Insert your own car/road/looming accident analogy here, and then take a look at auto loans. While consumer confidence may be good, the stock market is at new highs and wages in general are up, there are some concerns bubbling up in this crucial sector of credit and lending. Bloomberg notes that the auto loan market is growing by leaps and bounds and now is, relatively speaking, a bigger slice of household debt than has been seen in nearly a decade-and-a-half.
Payments Source
FEBRUARY 22, 2017
If you've ever walked past a film shoot, it's easy to see how much more there is to the movies and TV than just the star and director. There's often dozens or even hundreds of other people involved in the production — bit players, stunt performers, musicians and more — and they all have to be paid, at times irregularly and under different rules.
PYMNTS
FEBRUARY 22, 2017
The software development universe is growing. Providers from around the industry have taken on new geographic markets, as companies pursued new customers in distant locales and new verticals. They also made moves to boost sales via new products, services and business segments. First Data, for one, recently debuted a new business organization, known as First Data Integrated Solutions Group, which will offer expanded developer tools for integrations with the company’s platforms.
Bobsguide
FEBRUARY 22, 2017
One of the most impressive companies presenting at this year’s Finovate Europe conference was Token, a software company offering a turnkey PSD2 compliance solution to European banks. Bobsguide sat down with Co-Founder and VP of Marketing Mårten Nelson to learn more about Token’s.
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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
FEBRUARY 22, 2017
Every now and then retailers give what Southerners call a lagniappe (an extra bonus or gift) to its customers. Today, Amazon is doing just that by offering a $8.62 discount to all sales of $50 or more. The reason behind this generous offering is Amazon’s corporate reputation score of 86.27 from the annual Harris Poll. The poll surveys customers on categories including social responsibility, emotional appeal and workplace environment.
Let's Talk Payments
FEBRUARY 22, 2017
Paris, February 21, 2017 – Seven months after its launch, FinTech startup Spendesk has announced it has raised funding of 2 million euros through well-known angel investors and pilot customers.
PYMNTS
FEBRUARY 22, 2017
There’s been a flurry of activity for Walmart recently. With its recent earnings call and announcement that it will start hosting its brands on Jet.com, the retail giant has been busy. It turns out that older brands (like Walmart) can learn new tricks and become more agile in today’s fast-paced eCommerce world. Here are the numbers: 2 percent | Increase in Walmart’s stock in pre-market trading. 29 percent | Increase in Walmart’s eCommerce from 2015 to 2016. $3.3 billion | Amount Walmart ac
Payments Source
FEBRUARY 22, 2017
Mastercard is adding a new perk for elite customers by extending free airport and in-flight WiFi around the world for customers with certain cards targeting high-end global travelers.
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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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