Chris Skinner
MAY 19, 2019
I’m writing more and more about Facebook launching its own cryptocurrency lately: Will Facebook become the world’s central bank? (March 2019) Will a global platform connect all of our money? (April 2019) This is because they are getting serious about payments and blockchain, after a variety of reports that they … The post If Facebook launch a cryptocurrency, will US government shut it down?
PYMNTS
MAY 19, 2019
New York’s Department of Financial Services seized Municipal Credit Union , New York’s oldest credit union, on Friday (May 17), saying it is facing “unsafe and unsound” conditions. The move comes after its ex-Chief Executive Officer Kam Wong pleaded guilty to embezzling funds, reported Reuters. According to the report, the former CEO pleaded guilty in November to embezzling millions of dollars from the credit union.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Chris Skinner
MAY 19, 2019
Things we’re reading today include … Top Banks ‘Investing $50 Million’ to Build Blockchain Settlement System Eye on lira, Turkey abandons plan to tap central bank reserves Bank of England built up Brexit war chest to avert possible sterling crisis Why Goldman Sachs should buy Deutsche Bank Deutsche Bank denies … The post Things worth reading: 20th May 2019 appeared first on Chris Skinner's blog.
PYMNTS
MAY 19, 2019
The New York City taxicab industry has been suffering, with a series of suicides plaguing taxi drivers over the past year as they struggle with debt and financial strife. While New York City has long blamed Uber and Lyft for the industry’s woes, a New York Times investigation found the fault lies with industry leaders. An investigation by The New York Times shows industry leaders artificially drove up the price of taxi medallions.
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 Source
MAY 19, 2019
Advancements are bringing improvements to risk and user experience, but global reach remains a top priority, writes Marc Recker, global head of institutional market management and cash management for Deutsche Bank.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
MAY 19, 2019
Ticketmaster has battled fraud in paper ticketing for years — but mobile technology introduced new ways for fraudsters to steal, resell and counterfeit high-priced digital tickets.
PYMNTS
MAY 19, 2019
Crypto exchange Bitfinex announced that it will list its new exchange token on its platform and it will be tradeable against bitcoin, the U.S. dollar, the tether stablecoin, ether and EOS. “Upon publishing the UNUS SED LEO whitepaper last Friday, May 10th, Bitfinex conducted and completed a private sale of 100% of outstanding UNUS SED LEO tokens in exchange for one billion USDt worth of Bitcoin, USD, and USDt,” the company wrote in a blog post.
The Banker
MAY 19, 2019
The banking industry is waking up to the importance of meeting – and being seen to meet – environmental standards. But progress will be limited until universal definitions and standards can be agreed. Silvia Pavoni reports on the various initiatives in progress.
PYMNTS
MAY 19, 2019
The Bank of Italy is gearing up to reward companies that make moves to fight climate change, reported Reuters. According to the report , the Bank of Italy is joining other central banks in creating investment criteria that reward green actions in an effort to get banks and money managers to be more environmentally friendly. By the end of June, the new criteria will apply to about $8.9 billion in shareholdings.
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
The Paypers
MAY 19, 2019
(The Paypers) Multi-bank supply chain finance platform CapitalBay has received the approval from the Securities Commission Malaysia to operate a P2P financing platform.
PYMNTS
MAY 19, 2019
OneCoin has sent a letter to the press denying that it is a “hybrid Ponzi-pyramid scheme” and scam. In March, United States prosecutors announced criminal charges against the leaders of OneCoin: Konstantin Ignatov, 33, and his sister Ruja Ignatova, 38, known as the “Cryptoqueen.” Prosecutors say the two tricked investors by promising huge returns with very low risk, generating around 3.353 billion euros ($3.769 billion) in sales revenue.
The Paypers
MAY 19, 2019
(The Paypers) The National Bank of Bahrain has partnered with open banking systems provider Tarabut Gateway to deliver new open banking services to its customers.
The Financial Brand
MAY 19, 2019
Reimagining banking around proactive advice and product recommendations based on consumer behavior and lifestyles can up the industry's game. The post It’s Time To Move From Digital Banking To Embedded Experiences appeared first on The Financial Brand.
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.
PYMNTS
MAY 19, 2019
Liu Shiyu, the former head of China’s securities regulator, is being investigated for violating anti-corruption laws. According to a report in Reuters citing the Central Commission for Discipline Inspection, Liu Shiyu surrendered to authorities and was cooperating with the National Supervisory Commission. No further details were provided in a statement on the government agency’s website, reported Reuters.
The Financial Brand
MAY 19, 2019
Noted fintech influencer says traditional banking institutions have a strong future. if they adapt. He shares lessons from digital leaders. The post Fintech Authority Chris Skinner Reveals Keys to Being True Digital Bank appeared first on The Financial Brand.
PYMNTS
MAY 19, 2019
Google is halting a business relationship with Huawei , the Chinese telecommunications company, in what is seen as a blow to the company that has been on the radar of the U.S. government. According to a report in Reuters citing a source familiar with the matter, Google is suspending all business with Huawei that requires it to transfer hardware, software and technical services.
The Financial Brand
MAY 19, 2019
Advanced wireless tech rolling out around the U.S. will complement banking institutions’ customer experience strategy on mobile and more. The post 5G to Speed Digital Transformation of Banks and Credit Unions appeared first on The Financial Brand.
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.
The Financial Brand
MAY 19, 2019
The future of digital banking requires proactive advice and product recommendations based on consumer behavior and lifestyle needs. The post It’s Time To Move Beyond Digital Banking appeared first on The Financial Brand.
Expert insights. Personalized for you.
415 
Let's personalize your content