January, 2017

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5 Banking Tech Trends for 2017

Chris Skinner

I kept Tuesday’s blog entry short because I knew that everyone was making predictions and writing much more in-depth pieces. Today’s guest blog entry is from Finanser friend David Horton. David wrote a great piece on LinkedIn over the holidays providing his five banking technology predictions for 2017 and has kindly allowed me to replicate it here. … The post 5 Banking Tech Trends for 2017 appeared first on Chris Skinner's blog.

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How Do We Ensure Transparent and Trustworthy AI in Fintech?

Bank Innovation

AI systems may be getting smarter with the ever-expanding flow of data, but are they also getting more ethical? When it comes to fintech, artificial intelligence has a seemingly endless range of possibilities to transform present systems, so long as the AI system that is applied is constructed with the correct values Read More.

Fintech 353
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Will rewards finally push mobile payments past the tipping point?

Payments Dive

One of the more interesting discussions during the Digital Money Forum Wednesday at the annual Consumer Electronics Show revolved around consumer take-up of mobile payments technologies.

Mobile 301
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Blockchain Starts 2017 With A Bang

PYMNTS

Whether you believe the hype or not, blockchain technology is attracting massive investments, exploration and competition across the globe. In the last week alone, top players in the distributed ledger space have made progress in their own initiatives, from membership growth within blockchain consortia to the pursuit of distributed ledger-related patents by top banks.

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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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3 top tech trends for public accountants to watch in 2017

Abrigo

Kimberley N. Ellison-Taylor, chairman of the AICPA , recently noted that technology tops her list of the most important trends shaping 2017 because it will drive so many of the profession’s opportunities and challenges in the year ahead. But how are accountants supposed to keep up with all of the technological trends ? To be certain, many accountants could make a full-time job out of simply trying to understand the various types of technology that can make their personal lives easier and their p

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Top 10 Retail Banking Trends for 2017

Chris Skinner

I kept yesterday’s blog entry short because I knew that today’s was long, and it’s a guest blog entry from my good friend Jim Marous. Jim produces a great report each year, curating the thoughts of 100 industry leaders including myself, on what is going to happen in the year ahead. Summarizing this year’s report, … The post Top 10 Retail Banking Trends for 2017 appeared first on Chris Skinner's blog.

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Clarity Money Has 10,000 Customers Two Days After Launch

Bank Innovation

Two days, 10,000 customers, and a steady trickle of five-star reviews later, and the launch of mobile finance management app Clarity Money appears to have had a good start toward its goal of giving consumers with more power over their financials. “There’s nothing like it on the market, and that’s Read More.

Mobile 305
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Samsung: King of the IoT?

Payments Dive

The company said that the IoT will guide its overall strategy going forward. Samsung Pay will play a small role in that transition.

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KPMG Touts The Progress Procurement Has Made

PYMNTS

As the old joke goes, for corporate professionals, the procurement department is where you go to retire. Indeed, said KPMG ‘s Procurement and Operations in the Americas Practice Leader Samir Khushalani, historically, procurement has been viewed within the organization as a cost center that deals with straightforward transactions. And while technology progressed, with solutions providers developing company-wide infrastructure for businesses to manage all aspects of procurement, Khushalani

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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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Reimagining India as a Startup Country

Let's Talk Payments

As the world continues to struggle for growth, India stands as an island of possibilities amongst the despair. For a world where the largest economies are struggling to grow even.

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Will 2017 be another year of disruption for the Payments Industry?

Bobsguide

Disruption was a frequently used word in the payments industry throughout 2016; and 2017 is looking to be just as exciting. New regulation, improved support for non-bank players and increased collaboration are all set to further shake-up the established status quo. The digital space is shifting.

Industry 104
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The best FinTech podcasts out there and 10 FinTech trends for 2017

Chris Skinner

Anna Jacobson recently wrote a nice update, highlighting the best FinTech podcasts out there, including: Brett King’s Breaking Banks podcast looks at the ‘best of the best’ in the emerging FinTech sector and documents how the loss of trust, rapid consumer behavior shifts, massive technological changes, and increasing government scrutiny are disrupting the banking industry.

Fintech 297
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Four Fintechs Eyeing IPO in 2017

Bank Innovation

The fintech world has been going through a sort of an IPO freeze recently. The headwinds created by certain fintechs this year (looking at you, LendingClub) didn’t help much either. Venture capital funding continued to fall in the third quarter, according to data from KPMG Enterprise and CB Insights. Global financing Read More.

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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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Mobile Payments Today: December's top reads

Payments Dive

It's time for a look back at December's most-read articles on Mobile Payments Today.

Mobile 186
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Chatbot Tracker: Implementing Chatbots in 2017

PYMNTS

Heading into the new year, most everyone, retailers included, is looking within to enhance our lives and businesses from knowledge already ascertained and move that understanding forward. In the retail space, experts say the chatbot may be one of the best things a merchant can add in 2017. “Creating better real-time customer experiences based on conversational interfaces.

Branding 159
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Canada is One of the Best Markets to Build and Test Innovative FinTech Solutions

Let's Talk Payments

Being on the verge of tech-powered evolution, Canada’s FinTech landscape has been a hotbed of activity with over 100 Canadian FinTech startups raising over $1 billion since 2010. A progressive traditional.

Fintech 112
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Essentials for Successful Telephone and Email Sales

SWBC's LenderHub

Technology has had a major impact on many industries and the financial services industry has certainly not gone unaffected. The future is here now and the financial footprint has become global. To ensure a share of market, it’s vital to prepare ourselves to maximize multiple delivery channels and telephone and email are two of those.

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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.

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10 predictions for 2017

Chris Skinner

There are lots of predictions being made for 2017. After all, it’s that time of year. So, having reviewed whether mine were right or wrong at the end of 2016, my first blog for 2017 is to make 10 predictions for 2017. Rather than making this a long and detailed blog update, it’s just 10 … The post 10 predictions for 2017 appeared first on Chris Skinner's blog.

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Roboadvisors Can Disrupt Investing with a Human Touch

Bank Innovation

By now, traditional investors are familiar with the threat coming from roboadvisors. The fees and barriers to entry are lower, and millennials can do it all from their smartphones. But roboadvisors face considerable challenges of their own. Among other issues, standalone roboadvisors have steep customer acquisition costs. “Standalone roboadvisors do Read More.

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Payments and fraud are proliferating. So should monitoring tools.

Payments Source

The EMV migration, online marketplaces and e-banking are giving crooks lots of places to commit fraud. Security strategy has to be more dynamic to keep up.

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FinTechs In Canada Getting Lots Of VC Love

PYMNTS

Canadian financial technology companies backed by venture capitalists reached a level not seen in nearly two decades, despite a slowdown of investment dollars flowing into FinTechs in the U.S. According to a report by Reuters , while FinTechs may not be red hot in the U.S., in Canada , they are breathing new life into the startup market and have drawn in a new crop of venture capital funds in Canada that are looking for young FinTech companies.

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Addressing Top Enterprise Challenges in Generative AI with DataRobot

The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.

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Enhancing the Business of Government by Bringing Innovation to the Public Sector

Let's Talk Payments

Tech-powered innovation gradually comes to every vertical of national ecosystems – the financial services industry, the insurance industry, manufacturing, etc. The governing structure – the founding element of every nation.

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CFPB releases report on student loan debt owed by older consumers

CFPB Monitor

John L. Culhane, Jr. The CFPB has released a new report, “Snapshot of older consumers and student loan debt,” that provides statistics on the growing number of consumers age 60 and over (older consumers) who owe student loan debt and the growing amount of such debt. The report also discusses complaints about student loan debt submitted by older consumers to the CFPB from March 2012 to December 2016.

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Things worth reading: 3rd January 2017

Chris Skinner

Things we’re reading today include … Commonwealth bank doors left unlocked on New Year’s Day Brexit: banks consider whether to start moving business out of UK Nationwide sees 10pc rise in customers thanks to Government account switching service China’s economy could grow 6.5 percent in 2017; devaluation could stabilize yuan: think tank Fears of a … The post Things worth reading: 3rd January 2017 appeared first on Chris Skinner's blog.

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How Long Will #Bitcoin1000 Last?

Bank Innovation

Bitcoin certainly celebrated the New Year right. Crossing over into 2017, the original cryptocurrency topped $1,000 US in value, just in time for its birthday (yesterday marked the anniversary of the day the genesis block of the bitcoin blockchain was created by the still-elusive Satoshi Nakamoto.) This also marks the Read More.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.