Bank Innovation
SEPTEMBER 14, 2016
Image source I struggled with the headline for this post because the news connects to so many different themes we cover on Daily Fintech: Real use cases for Blockchain. Catastrophe Insurance and Climate Change. Financial Inclusion. Innovation by Incumbent Financial Services. The new global back office. The unbundling of vertically Read More.
Chris Skinner
SEPTEMBER 2, 2016
Building on yesterday’s discussion of the digital divide turning into a human divide*, I find it intriguing how we talk incessantly about financial inclusion and how technology will bank the unbanked. It is our dream. But is it just a dream? The reason for thinking this is that poverty and inclusion is yet another area, … The post How the system crushes the poor appeared first on Chris Skinner's blog.
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Payments Dive
SEPTEMBER 1, 2016
As consumers become more attached to their smart devices, the question becomes how do restaurants and retailers reach them there in an impactful way.
Abrigo
SEPTEMBER 30, 2016
For many banks and credit unions, it is hard to feel anything but stuck between a rock and a hard place right now. In the current market, banks and credit unions are facing pressure on all fronts. Interest rate margins remain slim, and FinTech companies that compete directly with traditional banks and credit unions seem to pop up overnight. At the same time, the regulations governing financial institutions continue to become increasingly complex and demanding.
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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
PYMNTS
SEPTEMBER 2, 2016
MPOS technology has made the world undeniably smaller, allowing consumers and businesses alike to make and accept payments from around the corner or around the globe. The future of payment technology will likely follow that path, becoming more universal as the technology becomes more commonplace, according to Alok Arora, CEO of Mosambee , an mPOS provider offering near-universal payment acceptance.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
SEPTEMBER 1, 2016
No matter what time of year or how the economy is, mobile app users are concerned with their credit. How else to explain the continuing reign of Credit Karma atop the finance mobile app heap? But the real surprise may be that PayPal’s P2P app Venmo is top dog among Read More.
Chris Skinner
SEPTEMBER 4, 2016
Here are our key posts for the past week … How the system crushes the poor Building on yesterday’s discussion of the digital divide turning into a human divide*, I find it intriguing how we talk incessantly about financial inclusion and how technology will bank the unbanked. It is our dream. But is it just … The post The Finanser’s Week: 29th August – 3rd September 2016 appeared first on Chris Skinner's blog.
Payments Dive
SEPTEMBER 30, 2016
Andrey Tikhonov, senior director of payment technology of Infinite Peripherals, reviews what the industry has witnessed with this much-discussed transition and what he believes will happen next year.
Independent Banker
SEPTEMBER 1, 2016
Congratulations to the Top 2016 IB Social Media Leaders. Independent Banker ® magazine recognizes three community banks who have conducted creative, engaging and impactful social media campaigns. This year’s panel of judges evaluated social media campaigns submitted from several community banks across the country before selecting those that received final recognition.
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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 2, 2016
Facebook Chief Executive Mark Zuckerberg applauded the entrepreneurial spirit in Africa in his first visit to sub-Saharan Africa, saying the future will be built in the region. “I’m starting at a place called iHub, where entrepreneurs can build and prototype their ideas. Two of the engineers I met — Fausto [Marcigot] and Mark — designed a system to help people use mobile payments to buy small amounts of cooking gas, which is a lot safer and better for the environment than charcoal or kerosene.
Payments Source
SEPTEMBER 4, 2016
Mobile technology is radically changing the way people hail taxis, book lodging, consume entertainment and find prospective dates, but the same magic isn’t happening with how people spend money.
Bank Innovation
SEPTEMBER 3, 2016
XBRL adaptation for reporting, monitoring and supervisory purposes is a broad topic that encompasses Central Banks, Regulators, Stock exchanges, individual companies (both private and public). Main relationships that can benefit from XBRL adaptation in the financial sector Central Banks can improve their favorable financing business to the banks, if they Read More.
Chris Skinner
SEPTEMBER 1, 2016
I love the predictions of scientists, but they’re often wrong. The internet has a litany of stupid predictions from IBM’s President saying that there’s a worldwide market for about five computers to The Atlantic predicting that, by the year 2000, we would no longer be engaged in wars. The latest predictions are that, thanks to improvements … The post Living on Mars or an Inferno?
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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.
Payments Dive
SEPTEMBER 30, 2016
Maxim Ivanchenko, Advapay ОÜ, Canopus: The authorisation as a payment institution or an e-money institution can be a good alternative to a banking license.
Insights on Business
SEPTEMBER 8, 2016
Having grown up in India, I have first-hand experience on how complex real estate transactions can be to execute. The number of participants that are required to be involved across banks, insurance companies, brokers, land registries, government tax authorities, and other intermediaries is incredible, not to mention the ever present danger that the seller of the property may not be the actual owner of the property being sold.
PYMNTS
SEPTEMBER 2, 2016
Natural disasters, war and humanitarian crises devastate livelihoods in both developing and developed countries. Is there a role for the private sector, with hungry shareholders, to play in global relief in areas where hunger is truly the operative word? Mastercard ’s work with NGO partnerships is designed to chip away at the overwhelming needs of those affected by global disasters, war, famine and disease by introducing a very different way to think about digitizing the point of sale.
Payments Source
SEPTEMBER 1, 2016
Despite being limited to 20 – 25 characters (including spaces), the purchase descriptor in a card statement is the best means by which an issuing bank and merchant can convince a cardholder that he or she has actually made the purchase and reduce chargebacks. In a world where many of us are challenged to communicate in 140 characters or less, 20-25 presents a true test.
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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.
Bank Innovation
SEPTEMBER 1, 2016
France has one. Germany and England, too. Wasn’t it time for the central bank of the United States to launch its own Facebook page? Yes, indeed-y. The Federal Reserve Board introduced its new social media effort this month “with the aim of increasing the accessibility and availability of Federal Reserve Read More.
Chris Skinner
SEPTEMBER 30, 2016
I often write some things that I don’t believe, such as yesterday’s blog about the fact that we don’t need to rip up the roads. Of course we need to rip up the roads, because our mode of transport has changed dramatically. A great example of this change is just the very nature of the … The post Of course we need to rip up the roads appeared first on Chris Skinner's blog.
Payments Dive
SEPTEMBER 2, 2016
Digital gurus at Dunkin' Donuts and Pita Pit offer up real-life insight on mobile app strategy.
CFPB Monitor
SEPTEMBER 2, 2016
Anthony C. Kaye. The American Bankers Association, joined by six other prominent industry trade groups, is seeking a six-month extension of the date by which depository institutions must comply with the Military Lending Act (MLA) final rule adopted by the Department of Defense (DoD) in July 2015 that dramatically expanded the scope of the MLA’s coverage.
Advertiser: Data Robot
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.
PYMNTS
SEPTEMBER 2, 2016
Online shopping is a serious moneymaker for retailers. Shoppers in the United States are expected to spend nearly $400 billion this year, and when shoppers from around the world are considered, there is more than $2 trillion in sales to be collected by merchants, according to the Q3 PYMNTS Checkout Conversion Index. But most merchants miss out on the chance to make even more money from mobile and online sales.
Bobsguide
SEPTEMBER 1, 2016
The International Consortium of Investigative Journalists’s Panama Papers investigation has been hailed as the world’s biggest-ever financial leak. I discuss the unique technology that has helped make it possible and what the financial sector can learn from the episode. Through the.
Bank Innovation
SEPTEMBER 2, 2016
There’s a war on in digital advertising. Facebook, whose ads are its lifeblood, is fighting ad blockers, while other services continue to find innovative ways to help users skip the marketing. Another such way was announced yesterday: Brave, a web browser designed to eliminate ads co-founded by former Mozilla executive Brendan Eich, Read More.
Disruptive Finance
SEPTEMBER 25, 2016
Last Thursday, I had the pleasure to co-chair the BBA Fintech Conference with the immensely knowledgeable Imran Gulanmhuseinwala. It’s the second time in a week that I attend a conference with two regulators (loosely speaking…) presenting their views. This time, it was the Bank of England and the FCA, the previous week, it was the French(.).
Advertiser: Trellis
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.
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