Chris Skinner
DECEMBER 2, 2018
The United Nations Principles for Responsible Banking were released last Monday. The aim is to help any bank – whatever its starting point – to align its business strategy with society’s goals. It’s a nice idea, but is it practical? In a guest column James Vaccaro, Director of Corporate Strategy at … The post Asking banks to be responsible is like … appeared first on Chris Skinner's blog.
PYMNTS
DECEMBER 2, 2018
Amazon is testing the idea of expanding its cashierless checkout technology to a larger store format, experimenting with it in Seattle in a space that is formatted to be like a big store, reported the Wall Street Journal. The report, citing people familiar with the matter, reported that if the test proves successful it would put retailers further on notice that they need to increase the convenience factor.
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Chris Skinner
DECEMBER 2, 2018
The main blog headlines are … Five digital transformation lessons In a final write-up on leadership, there was a fantastic presentation about the lessons DNB had learned in trying to make digital change happen. Solveig Hellebust, Group Executive Vice President for People & Operations at DNB or, as she called … The post The Finanser’s Week: 26th November – 2nd December appeared first on Chris Skinner's blog.
PYMNTS
DECEMBER 2, 2018
Bitcoin just had its worst month in seven years, dropping nearly $2,400 in price. According to Coindesk , the crypto started November at an average price across exchanges of $6,341. By December 1, it was trading at just $3,964. The 37.4 percent loss is bitcoin’s worst month on record since August 2011. And as the world’s largest cryptocurrency, it’s no surprise that the other cryptos followed suit, with all but one posting substantial losses last month.
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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 Source
DECEMBER 2, 2018
Walmart, Tractor Supply and Home Depot are among the retailers using cashierless checkout ad local sourcing to tailor services for specific communities, according to Marc Gorlin, CEO and founder of Roadie.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
DECEMBER 2, 2018
Banks are facing the potential of disruption by digital assistants from Apple, Amazon and Google — and are pouring money into machine learning to provide their own option for automating consumers' financial lives.
PYMNTS
DECEMBER 2, 2018
Deutsche Bank is not concerned it will be a takeover target despite a steep sell-off in its stock late last week after a two-day raid of its offices as part of a money laundering investigation. Reuters , citing Christian Sewing, the chief executive of Deutsche Bank , reported the CEO told German weekly paper Bild am Sonntag that the company isn’t at risk of a takeover.
Tech and Finance
DECEMBER 2, 2018
Take Social Security as soon as you can — at 62 advises Steve Maersch, contradicting just about everyone in the retirement advice business. He even lists some of them: The Wall Street Journal, Forbes, Kiplinger magazine, Consumer Reports, Motley Fool, Vanguard Group, CNNMoney, Suze Orman, AARP and Boston College’s Center for Retirement Research. (Steve has been a personal friend for years, and making these arguments as long as I have known him.
PYMNTS
DECEMBER 2, 2018
George Higginbotham, a former Department of Justice employee in the U.S., pleaded guilty as part of the 1Malaysia Development Berhad bribery and embezzlement scandal. According to a report in the Financial Time s , citing the U.S. Department of Justice, Higginbotham, 46, pleaded guilty to helping the “primary architect” of the scam funnel tens of millions of dollars into the U.S. to bankroll a lobbying campaign on the mastermind of the scam’s behalf.
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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
The Financial Brand
DECEMBER 2, 2018
The bank innovation trends for 2019 focus on the personalizing and digitizing product development and service delivery, improving the customer experience. The post 5 Innovation Trends That Will Define Banking in 2019 appeared first on The Financial Brand.
PYMNTS
DECEMBER 2, 2018
WhatsApp , the messaging app owned by Facebook, is seeking approval from the Reserve Bank of India to extend its digital payments service to all of the residents of India. According to a report in BGR , WhatsApp chief executive Chris Daniels wrote to the RBI urging it to grant formal approval so that its payment service can be used across India. Its test in India resulted in WhatsApp gaining close to a million users.
The Financial Brand
DECEMBER 2, 2018
CMO Andrea Brimmer explains how Ally Bank leverages disruption and pushes the envelope with some of the most daring marketing in banking. The post Why Ally Bank’s CMO is Really Their ‘Chief Disruption Officer’ appeared first on The Financial Brand.
PYMNTS
DECEMBER 2, 2018
Sundar Pichai, Google’s chief executive is preparing to testify before the U.S. Congress next week in what is expected to be a wide-ranging hearing with U.S. Senators. According to a report in the Financial Times , with Google facing backlash from the news that it’s working on a search engine for China that will be censored and allegations it suppressed certain search results for political reasons, Google officials told the Financial Times that the questioning is expected to be tough.
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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.
The Financial Brand
DECEMBER 2, 2018
In the last rising-rate cycle, bankers missed the shift and lost balances. Here's how banks and credit unions can avoid repeating that mistake. The post Three Deposit Growth Strategies Bank Marketers Must Consider Now appeared first on The Financial Brand.
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