Wed.Oct 26, 2016

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A world turned on its head

Chris Skinner

Back to London after almost a week in Vegas. Amazed I’m still writing. In fact, amazed to be alive as Vegas is one helluva weird old town. As I’m leaving, I’m struck by an observation that has occurred to me before, but hit me big time this week. Europe is boring. America is dull. The … The post A world turned on its head appeared first on Chris Skinner's blog.

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IBM Launches Mobile Payments Platform, IBM Pay

Bank Innovation

IBM is probably not the name you expected to see in front of the latest’Pay,’ but Big Blue is indeed wading into mobile payments. The newest form of mobile payment was introduced yesterday at Money20/20 in Las Vegas, and its selling point does not seem to be convenience so much Read More.

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Things worth reading: 27th October 2016

Chris Skinner

Things we’re reading today include … Metro Bank on the cusp of a maiden profit Lenders hurt by low interest rates and tough capital rules, admits Bank of England Santander rattled by EU referendum The new City watchdog will work with the Square Mile, not against it New FCA boss promises an end to the … The post Things worth reading: 27th October 2016 appeared first on Chris Skinner's blog.

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Meet Erica, Bank of America’s Chatbot for Digital Banking [VIDEO]

Bank Innovation

LAS VEGAS — Bank of America announced its new chatbot, erica, yesterday at Money20/20 here. Erica should roll out for BofA digital and mobile banking users “late next year,” according to a spokeswoman from the bank. At an event where chatbots were one of the main topics of interest for many of Read More.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

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M-Snap chooses Cellum for nationwide mobile commerce platform in India

Payments Dive

Cellum’s Mobile Next to be technical foundation of service aimed at users across world’s second most populous country.

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More Trending

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Are Connected Devices Threatening Payment Security?

PYMNTS

When one door closes, another (connected) one opens. At least that may be the mindset for the cybercriminals reportedly flocking to connected devices as an entry point into the networks and systems of businesses. From Wi-Fi hotspots to printers, unsecured routers to digital video recorders — connected devices can be vulnerable to hacks and, when compromised, are being used by hackers to launch significant distributed denial-of-service (DDoS) attacks.

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Why did Allianz invest in Berlin InsurTech startup Simplesurance?

Bank Innovation

image source According to leading VC and daily blogger since blogging began – Fred Wilson: “There are two kinds of corporate investments in startups; passive corporate VC arms and active strategic investments. The former is made by well established investment groups like Google Ventures, Intel Ventures, SAP Ventures, Comcast Ventures, Read More.

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Etsy Partners With Adyen For Better Payment Processing

PYMNTS

Etsy buyers and sellers are about to get a boost in enhanced payment experience. Payments company Adyen announced crafting a global partnership with online marketplace Etsy, covering both the U.S. and European markets, as well as other key markets where Etsy maintains a presence. Peer-to-peer eCommerce site Etsy includes a marketplace of 1.7 million sellers offering unique, vintage and handmade items.

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How Bankers Are Giving Sensational Voicemail

South State Correspondent

If you are a community banker, then you probably leave many voicemail messages every week. If you are a calling officer at a community bank, you may leave even more voicemail messages, and your voice messaging skills can be a big factor in your professional success.

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The State of Automation in Financial Services 2024 Report

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

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Fraud’s Frightening Surge

PYMNTS

The brand new October 2016 Global Fraud Attack Index™ , a PYMNTS and Forter collaboration, has some scary news for retailers, and it has nothing to do with Halloween. According to data revealed inside the index, fraud is rising quickly. The rate of fraud attacks is up 39 percent in 2016 (through Q2), and the rate has risen 62 percent from Q3 2015. According to the latest data, 39 of every 1,000 transactions are subject to fraud, a 47 percent increase from Q4 2015 and a 14 percent increase from

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IBM Pay brings Watson to wallets

Payments Source

IBM took the banking world by storm last month when it revealed its planned acquisition of Promontory Financial Group. Now, it has unveiled IBM Pay, a perhaps unexpected and yet unsurprising addition to the technology giant's Watson Commerce unit.

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Digital Security 2016: At The Crossroads Of Biometrics, EMV And Mobility?

PYMNTS

It’s been a busy 12 months since the last Money20/20, as new technologies and threats have disrupted the security space time and time again. As the conference kicked off in Las Vegas last October, merchants and retailers around the United States began dealing with the effects and fallout of October’s EMV liability shift, as the technology became the standard for all retail payments.

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Complex client structures and fragmented systems landscapes

Bobsguide

Large organisations often acknowledge the need to effectively manage their client data not as a strategic imperative, but rather as a function of projects that are conceived to solve specific challenges. There are common organisational and data management challenges faced by large organisations with.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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Ingenico ePayments Launches TapHero For Online Payments Via Mobile

PYMNTS

Ingenico ePayments, the online and mobile commerce division of Ingenico Group, and Ingenico Labs, its innovation department, announced Tuesday (Oct. 25) they have jointly developed a completely new way to make secure online payments on a mobile device , simply by tapping a payment card against it. In a press release , the company said TapHero is a new, experimental technology that combines elements from both card-present and card-not-present payments and will enable smartphones equipped with an

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Cordray remarks to MBA signal continued CFPB focus on servicing, likely petition for rehearing in PHH case

CFPB Monitor

Richard J. Andreano, Jr. In his remarks at the Mortgage Bankers Association’s annual meeting in Boston on October 25, Director Cordray signaled that mortgage servicing will continue to be a focus of CFPB supervisory and enforcement activity, with the CFPB taking a rigorous approach to compliance. . While noting that the CFPB has seen “some progress” in compliance with CFPB mortgage servicing rules,” most notably efforts by certain servicers to adequately staff up effect

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HYPR Raises $3 Million To Accelerate Biometric Authentication Suite

PYMNTS

HYPR, the startup that developed cybersecurity technology to protect biometric data, announced Tuesday (Oct. 25) it raised $3 million in financing from RTP, Boldstart and Mesh Ventures to accelerate enterprise deployment of its biometric authentication suite. On the company’s website , HYPR said: “It’s been a great journey of innovation and growth in building HYPR with our partners across the Fortune 500.

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The Most Interesting Work With AI Is Happening in the Shade of Apple’s Lab

Let's Talk Payments

The most exciting work often happens in the shade until the moment the results can speak for themselves. When it comes to artificial intelligence (AI), the same applies to a.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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Menswear’s Bonobos Not Monkeying Around With Personal Service

PYMNTS

Bonobos, the men’s clothing brand that began life online and has now pushed into the physical realm, is betting on the tactile experience to boost sales. As Forbes reported, the firm is opening is latest brick-and-mortar location in midtown New York City, with an eye on boosting its store count, from 27 now to 30 by the end of the year and 100 by the end of 2020 (Bonobos calls its locations “Guideshops”).

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Merchants aren't matching shoppers' zeal for security: Report

Payments Source

If online merchants can keep their sites secure, they stand to make big gains from a consumer base that is overwhelmingly willing to play its part in protecting payment credentials.

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In Processing, Refocusing On Service

PYMNTS

In payments processing, price matters, but service matters more. Could it be that the human touch is what matters most in processing — but has fallen by the wayside? In an interview with PYMNTS’ Karen Webster, T1 Payments CEO Don Kasdon stated that a few themes have dominated the merchant services industry in the past few years and are likely to continue.

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How South Korea's bold history made Samsung Pay possible

Payments Source

Samsung Pay, just over a year old and set to enter its 10th global market by the end of the year, is bringing more features to the U.S. that it first introduced in its home country — a place that is far different from the other markets the company targets.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.

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iZettle Launches Cloud-Based POS In Germany

PYMNTS

IZettle announced Tuesday (Oct. 25) the launch of intelligentpos, a cloud-based point-of-sale solution for shops, bars and restaurants in Germany. In a press release, the company said the launch of intelligentpos is the company’s first foray outside of the U.K. and into Europe and follows on the heels of iZettle’s acquisition of intelligentpos in September.

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Wealth Management #CiscoChat recap

Cisco

Last week I had the privilege to participate in the Wealth Management Cisco Chat with Dr. Nouriel Roubini (@Nouriel), NYU Stern economist and chairman of Roubini Macro Associates, Louis Celi (@Rthoughtlab), chief executive and founder of Roubini ThoughtLab, and Joseph Pagano (@joseph_pagano), Cisco financial services practice advisor. The Twitter based chat stemmed from our recent […].

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Staples’ Easy Button Integrates with IBM’s Watson

PYMNTS

Staples said Tuesday (Oct. 25) that it has entered a new phase of its Staples Easy System pilot program, which now includes the “Easy Button” office supply reorder function. Through that function, IBM’s Watson technology helps streamline office supply reordering processes for Staples Business Advantage customers. The office supply giant said in a release that the Easy System allows for ordering across locations and devices, across the Easy Button function, an app, text, Facebook Messenger or Sla

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Walmart, Dunkin' Donuts share surprise lessons from mobile payments

Payments Source

Walmart and Dunkin' Donuts have poured millions of dollars into their proprietary mobile payment apps, and their most interesting lessons are the ones they didn't expect to learn.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.