Payments Dive
SEPTEMBER 22, 2016
FIs and payment processors have a major opportunity to collaborate with FinTech pioneers such as Moneymailme to serve the growing market for mobile social media money transfers.
Chris Skinner
SEPTEMBER 22, 2016
I haven’t blogged about InsurTech much, as this is a banking blog, but having started life in the insurance industry I guess it’s time to shine a light on this corner of the financial world. My first hearing about InsurTech, or InsTech if you prefer, was in a US conference a couple of years ago … The post InsurTech: changing the world of risk appeared first on Chris Skinner's blog.
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Bank Innovation
SEPTEMBER 22, 2016
A new report says artificial intelligence and IoT are going to transform fintech before blockchain, which still has some growing up to do. The rise of AI and the Internet of Things (IoT) is happening rapidly—and according to a Forrester Research report released earlier this month, these are the two technologies that Read More.
Payments Dive
SEPTEMBER 22, 2016
Sirpa Nordlund, the executive director at Mobey Forum, catches up with Jordi Guaus, head of digital marketing at CaixaBank, to get the inside track on imaginBank, its new mobile-only proposition.
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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
SEPTEMBER 22, 2016
Debitize, a startup helping millennials build credit without using credit (we’ll explain), reached a significant milestone last week and released a new product this week. The milestone is $1 million “debitized.” Users of the service essentially treat credit cards as if they were debit cards, and pay off balances through Debitize before Read More.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
SEPTEMBER 22, 2016
If recent emerging reports are accurate, the team at Yahoo is about to bring new meaning to the phrase “having a tough morning.” Yahoo is apparently on the verge of reporting a massive data breach of its service — a giant hack that has exposed the data behind hundreds of millions of user accounts. At this point, that is about all that is known on the hack: Several sources close to the situation were not able to say much more about it other than commenting on its scale and the fact th
South State Correspondent
SEPTEMBER 22, 2016
We are not sure when the Federal Reserve is going to move, but if you play this game, they should do something quick because it is hard to keep the economy between the lines. Armchair FOMC members can now try their hand at a new online game called “Chair the Fed” where central bankers need to adjust the target Fed Funds rate to keep the due mandates of growth and inflation at target levels.
PYMNTS
SEPTEMBER 22, 2016
The FinTech industry is undoubtedly a competitive one — never mind the cross-country rivalry. As digital currencies, like bitcoin, expand their reach and more people pay using their smartphone, there are concerns that the U.S. may fall behind to other leading countries, specifically the U.K, which is making strides in the space. To make sure the U.S. doesn’t lose potential FinTech business opportunities to the U.K., Rep.
Insights on Business
SEPTEMBER 22, 2016
The application of blockchain in financial markets has caught a huge wave of publicity over the past few months. Stories on distributed ledger technology have graced the pages of major media such as Financial Times, Forbes and Fortune, along with countless financial industry publications. The questions I get most often are along these lines: is blockchain an irresistible disruptive technology?
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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
SEPTEMBER 22, 2016
It looks like more U.S. shoppers want to be able to enjoy their turkey and pumpkin pie this holiday season without having to fret about finishing up their shopping. More holiday shoppers don’t appear to be putting off purchases this year or waiting for big Black Friday deals or last-minute sales, according to new data. In a survey by Market Track , a Chicago-based market intelligence firm, almost a third of respondents said they planned to do most of their shopping before the calendar even hits
Bobsguide
SEPTEMBER 22, 2016
Prior to his session on digitalisation of the banking industry, R. Jesse McWaters, Project Lead, Disruptive Innovation in Financial Services at the World Economic Forum spoke to bobsguide about what breakthroughs have been made since Davos 2016, the future of fintech for world leaders and how new.
PYMNTS
SEPTEMBER 22, 2016
Know Your Customer regulations can mean corporations have to wait as long as three months — yes, months — to get onboarded to a new bank. Part of the problem, says Pegasystems Senior Director of Risk, Compliance and Onboarding for Financial Services Reetu Khosla, is that KYC and other regulations change so frequently and are so numerous that it’s a major undertaking to remain compliant.
Payments Source
SEPTEMBER 22, 2016
IBM and UnionPay, China’s transfer, settlement and clearing network, have created a client-focused business platform on which banks can integrate and share reward points programs.
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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
SEPTEMBER 22, 2016
Think the next big thing is coming from Silicon Valley? Think again. Elizabeth Scharpf, inventor, angel investor, entrepreneur and founder of Sustainable Health Enterprises (SHE) , just penned an article on the location of the next big tech initiative. She said: “True innovation now comes from places and people that are typically overlooked by Silicon Valley,” adding that you’re going to have to look past the horizon — north, south, east, west, you pick it — to find brand new innovation.
Payments Source
SEPTEMBER 22, 2016
Independent sales organizations and independent software vendors are equally threatened by disruption, making an alliance a logical — if uneasy — step for both groups.
PYMNTS
SEPTEMBER 22, 2016
New research released by Moneris Solutions revealed that there is a growing interest in mobile payments among Canadians. By 2030, it’s expected that cash purchases will account for just 10 percent of money spent in the country, resulting in an almost 70 percent decline in the usage of cash. A shift towards the use of digital payment technologies, such as mobile wallets, may help support the rise of contactless transactions in Canada.
Let's Talk Payments
SEPTEMBER 22, 2016
Speaking of financial inclusion, professionals commonly refer to individuals, disadvantaged families and groups of the population overall, rather than to the business community. Meanwhile, small and micro businesses around the world.
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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
SEPTEMBER 22, 2016
Facebook’s WhatsApp and Messenger now have more competition. Google parent company Alphabet has just launched Allo after unveiling it in May. This also comes at the same time that Google is rolling out the Duo video-calling app , which competes with Skype and FaceTime. Allo’s launch has already led to a warning from Edward Snowden. He’s against using it because it could allow Google to read everything you write.
Bobsguide
SEPTEMBER 22, 2016
The theme of Sibos 2016 in Geneva, “Transforming the Landscape”, is particularly pertinent to our marketplace. Faced with the unrelenting pace of regulatory and market change, constrained profitability and pressure to demonstrate greater transparency and governance to both internal and.
PYMNTS
SEPTEMBER 22, 2016
We can by most things online these days, but a religious experience seems like the kind of thing it would be hard to find on Amazon. Candles? Sure. Incense? Definitely. Spiritual guidance? Not so much — unless one happens to take the review section very seriously. But Amazon is taking the challenge — in Japan anyway — and making a monk as accessible as a tap or two on a phone.
Payments Source
SEPTEMBER 22, 2016
Walmart's new pact with JPMorgan Chase is anything but routine. From the perspective of Walmart, this deal hands it a long-desired holy grail: less expensive Visa transactions.
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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
SEPTEMBER 22, 2016
Mobile devices may know better when it comes to purchases — at least, that’s what a lot of consumers in the U.K. think, based on new research from Salmon Ltd., a digital commerce consulting company. According to a report that highlighted the study, 54 percent of residents in the U.K. says they are, at the very least, “somewhat comfortable” with letting their mobile phones and other smart devices make purchasing decisions for them.
Payments Source
SEPTEMBER 22, 2016
In e-commerce, merchants strive to achieve a 100% checkout conversion rate but find it elusive because shoppers encounter many obstacles during the payment process.
PYMNTS
SEPTEMBER 22, 2016
Iliad , the payment testing software company, is warning that the mobile payment industry is growing rapidly and changing, presenting risks for companies as they integrate these systems with their existing ones. In a press release, U.K.-based Iliad’s chief executive, Anthony Walton, laid out what he thinks are the biggest risks for companies in the payment market , citing the quick speed of innovation for the increased risk.
BankNXT
SEPTEMBER 22, 2016
Regulators are trying hard to create an open, accessible environment for incumbents and startups to operate. Chris Skinner talks regtech. Regtech – a brother in arms with fintech on BankNXT.
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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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