Payments Dive
DECEMBER 4, 2018
The T-Mobile test pilot of its new mobile banking service is expected to be the first of many telco companies exploring ways to leverage new financial services for their customers.
Chris Skinner
DECEMBER 4, 2018
I got an email the other day saying that I am now the most influential person in the UK, not just for FinTech … but for technology in general. I was and am shocked. I don’t really subscribe to influencer lists, as most do not take into account the readership … The post The most influential person in UK tech is … appeared first on Chris Skinner's blog.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Payments Dive
DECEMBER 4, 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 4, 2018
Ripple, the blockchain company that owns XRP, the digital currency, has joined forces with NEM, Fetch.AI, and EMURGO/Cardano to create a new association that represents the interest of blockchain and cryptocurrency business in Europe. According to a report in The Next Web , the group, dubbed Blockchain for Europe, says its the first unified voice for the industry in Europe.
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
Payments Dive
DECEMBER 4, 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.
Bank Innovation
DECEMBER 4, 2018
Does virtual reality have a role to play in today’s banking landscape? Comerica Bank’s innovation team thinks so, which is why the bank is using virtual reality to train its employees, or “dabbling in futurism,” as Geoff Novak, Comerica’s senior technology and innovation executive, calls it. “A huge part of our methodology revolves around something […].
PYMNTS
DECEMBER 4, 2018
Loyalty has come a long way in the payments realm, from the days when strict terms of rewards programs were more frustrating than enticing for consumers. Gone are the days when you had to redeem points for miles and miles for flights – but only if you were flying two years from that day, on the second Thursday in March, at 7:30 p.m., with the condition that you make three stops before finding your way to the final destination.
Bank Innovation
DECEMBER 4, 2018
Even with more nontraditional players making more loans to small businesses, loan origination at Bank of America is still up over 6% year over year. Sharon Miller, managing director and head of small business at BofA, told Bank Innovation more business owners are going online and expecting full capabilities when they get there. She said […].
PYMNTS
DECEMBER 4, 2018
China cryptocurrency startup BOX is introducing supply chain financing services for corporate users with the help of Intel , Nasdaq and Baidu Cloud. In a press release issued Monday (Dec. 3), BOX announced the rollout of its BOX Ecosystem, a suite of new services for businesses from the crypto wallet company, at a launch event at the Shanghai Film Plaza.
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
Payments Source
DECEMBER 4, 2018
A shopping experience so easy that you feel like you’re shoplifting may be appealing, but it also raises privacy concerns, writes Peter Zaborszky, founder of BestVPN.com.
PYMNTS
DECEMBER 4, 2018
The uptake of faster payment systems keeps going up — and up, and up. In fact, the number of Same Day ACH transactions rose by 192 percent in Q3 2018 over the same period from the previous year. EBA CLEARING ’s RT1 system, meanwhile, has processed more than 5 million transactions since launch — but some have said the faster payments space could be growing even faster.
SWBC's LenderHub
DECEMBER 4, 2018
An Automated Valuation Model, or more commonly known as an AVM, is a program that automatically analyzes various data points to produce an estimate on the current value of a home or property.
PYMNTS
DECEMBER 4, 2018
Let’s try this a different way, if only to make a vital point with insincerity. We must give credit to the criminals who engineered the recently disclosed data breach that could end up impacting some 500 million guests of Marriott International. These tourists, business travelers and others entrusted the Starwood hotel guest reservation database with details about their payment cards; home, work and email addresses; passport numbers and images; reward accounts and general travel habits.
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.
Payments Source
DECEMBER 4, 2018
Banks are generally reluctant to let industry entrants run their infrastructure, and few fintechs dare try. Enfuce, which was founded by local industry veterans, bucks the trend.
PYMNTS
DECEMBER 4, 2018
The Federal Trade Commission announced Tuesday (December 4) it is seeking comment on whether the agency should make changes to rules requiring financial institutions and creditors to take certain steps to detect signs of identity theft affecting their customers. In a press release , the FTC said that it periodically reviews all of its rules and guidelines and wants comment on whether any modifications need to be made to the Red Flags Rule and the Card Issuers Rule.
Payments Source
DECEMBER 4, 2018
Consumers are stuck using outdated or easily compromised means of proving their identities in a world where banks and retailers need something better. Mastercard and Microsoft are teaming up to take on this monumental challenge.
PYMNTS
DECEMBER 4, 2018
Confessions of judgement. Frozen bank accounts. Sky-high interest rates hitting small businesses … courtesy of small business lenders. News came this week that New York Attorney General Barbara Underwood has opened an investigation into small business lending – specifically, whether finance firms known as merchant cash advance companies have been engaged in abusing their smaller customers.
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.
Bobsguide
DECEMBER 4, 2018
With the dust still settling on the latest crop of firms to comply with BCBSIOSCO regulatory initial margin (IM) requirements, the spotlight turns on the much larger number of firms expected to fall in-scope in the remaining two phases: between 30 and 50 firms in Phase 4 (2019) and.
PYMNTS
DECEMBER 4, 2018
Amazon, Alibaba’s payment affiliate Alipay and other internet and Big Data players are a threat to traditional banks, warned Agustín Carstens, head of the Bank for International Settlements (BIS), on Tuesday (Dec. 4). According to a report in Reuters , Carstens told the newswire service on the sidelines of a banking conference in London that the massive amounts of consumer data that internet companies are gathering gives them an advantage over established banks.
Payments Source
DECEMBER 4, 2018
Premium loyalty is about brands and customers committing to each other from the start. It’s about brands aligning with their customers and giving upfront, according to Tom Caporaso, CEO of Clarus Commerce.
PYMNTS
DECEMBER 4, 2018
KuCoin , a digital currency exchange based in Singapore, has rolled out support for the trading of the Ripple XRP cryptocurrency, Cryptovest reported. The platform now supports trading through eight pairs, including Ethereum, bitcoin, Tether, USD Coin, NEO, TrueUSD, Paxos Standard Token and KuCoin Shares. The exchange will reportedly open withdrawals for the digital currency on Wednesday (Dec. 5).
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.
Payments Source
DECEMBER 4, 2018
It's commonly thought that retailers are loath to upgrade the point of sale as the holidays approach, since they don't want to introduce any variables that could lead to lost sales.
PYMNTS
DECEMBER 4, 2018
Welcome to The Axis, your late look at payments news from around the world. Coverage includes France’s Natixis Payments bringing Apple Pay to users of Apetiz at restaurants and retailers. In addition, UniCredit customers in Italy can now use the Google Pay digital wallet, and cybercriminals are reportedly using malware to encrypt files and asking for a ransom to be paid through WeChat Pay.
Payments Source
DECEMBER 4, 2018
Bluefin Payment Systems is rolling out a service to simplify compliance tasks for merchants that have adopted point-to-point encryption (P2PE) services to protect card data at every stage of the transaction.
PYMNTS
DECEMBER 4, 2018
Instagram users in India might be able to shop inside the app next year, according to a report from Mint. Users would be able to tap a “buy” button next to a picture of something they like, which would redirect them to the product’s page on the internet, allowing them to complete the purchase. Instagram has plans to evolve the process to where the transaction will happen on the app itself, and not on an outside web page.
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.
Expert insights. Personalized for you.
268 
Let's personalize your content