Chris Skinner
SEPTEMBER 2, 2018
There’s been an interesting but hidden trend taking place. It started in China with Tencent and Alipay and has now gone global. The phenomenon is called QR codes. QR, or Quick Response if you prefer the longer form, is a code that originated in Japan in the 1990s, and has … The post Will QR codes wipe out cash and cards? appeared first on Chris Skinner's blog.
Payments Dive
SEPTEMBER 7, 2018
Host Will Hernandez, discusses USAA's unique branch-less mobile banking system, which services the U.S. military. USAA is typically on the cutting edge of mobile banking, and Phil Leininger, the GM of Omnichannel Sales & Service of USAA, talks about their advancements in mobile technology.
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Bank Innovation
SEPTEMBER 6, 2018
There are advantages to both sides for banks to partner with mortgage solutions, but one of the U.S.’s largest digital mortgage companies told Bank Innovation why they aren’t partnering with banks. LendingHome, which has originated $3 billion in loans since 2014, says there need not be a rush for digital mortgage servicers to partner with […].
PYMNTS
SEPTEMBER 7, 2018
The dark web – it’s easy to view it as murky, an ocean of illicit activity, with swarms of bad actors acting badly, trading stolen data for – maybe – stolen dollars. Then again: Might there be some usefulness amid the murk? CNBC reports that, yes, the dark web may harbor a reputation of hiding an underground economy or economies, where commerce dabbles in everything from stolen financial records to firearms.
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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
Chris Skinner
SEPTEMBER 5, 2018
I recently blogged about JP Morgan Chase spending $10 billion a year on technology of which $3 billion goes into new projects. There were then several other announcements that caught my attention about Citibank and Bank of America investing similar amounts in digital. The question it prompted is: why are … The post We need to launch a digital bank?
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
SEPTEMBER 6, 2018
Goldman Sachs is reportedly dropping plans for a cryptocurrency trading desk. The news, which broke late yesterday, sent crypto prices further down, but in this bear market, you'd be excused for not noticing. The news, though dismissed or even spun into a good thing by crypto enthusiasts, can hardly be taken as a positive sign […].
PYMNTS
SEPTEMBER 5, 2018
Consumers want what they want, when they want it – and they want to be able to feel confident that they can trust what they choose, whether it’s shopping online, contemplating a connected car or choosing between a card and a mobile payment method. Trust means the transaction is secure , and also lives up to the customers’ expectations for the agreement.
Chris Skinner
SEPTEMBER 6, 2018
I was introduced to a lunch meeting by the Chairman of the Bank. As he made the introduction, he gave a personal account of how technology had changed the world during his lifetime. This is not his speech, but my version of his speech. I trust you like it. So, … The post How the world has changed with technology appeared first on Chris Skinner's blog.
Bobsguide
SEPTEMBER 6, 2018
Successful business owners require a clear understanding of their company’s financial positioning, establishing whether their security holdings and cash balances have breaks. In 2018, everyone wants to get this information quickly, correctly and cost-effectively. In bookkeeping, a bank.
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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
Payments Dive
SEPTEMBER 6, 2018
It's time for a look back at last month's most-read content on the site.
PYMNTS
SEPTEMBER 7, 2018
If one were looking at the economy a decade ago, Stripe COO Claire Hughes Johnson told Karen Webster, the biggest challenge businesses faced in growing was clear: access to capital. Ten years ago, the economy was in the midst of the “Great Financial Crisis,” and businesses were reeling from the credit crunch that came along for the ride. The last 10 years have changed the playing field a lot.
Chris Skinner
SEPTEMBER 4, 2018
I sometimes find it hard to deal with our world of money these days. Everyone keeps asking should I buy bitcoin and my answer is always it’s your choice. I don’t believe in bitcoin, but I’m not one of those doom mongers who say it’s going to die. It won’t … The post The future of bitcoin appeared first on Chris Skinner's blog.
Gonzobanker
SEPTEMBER 4, 2018
Customers love digital self-service—right up until they don’t, and then they want a live person. In our work with banks and credit unions around the country, an unavoidable truth comes up again and again: Even the flashiest digital strategy falls flat without the backing of a strong contact center. Today’s contact center is the critical human voice of successful multi-channel delivery.
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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.
Bobsguide
SEPTEMBER 5, 2018
Across financial services artificial intelligence (AI) is no longer the stuff of the future. It has been embraced by banks supported by third party fintechs, providers, and technology departments within banks keen to use their own resources to drive their use of the robotic process automation (RPA).
PYMNTS
SEPTEMBER 6, 2018
Compliance and risk? The top of any FinTech’s to-do — and to-keep-doing — list. Automating that compliance is now a “need to have.”. The age of technology is, of course, well upon us, with Software-as-a-Service (SaaS) a key conduit to making sure that at least some business operations — once the province of spreadsheets and reams of paper — can be streamlined.
Chris Skinner
SEPTEMBER 3, 2018
I was reading The Guardian’s John Quiggin’s article yesterday, about banking being geared towards the 1% and a major crash being needed to fix it. John Quiggin is an economist at the University of Queensland and the thrust of his article is that “financialised capitalism has failed, and cannot be … The post The culture of banking is skewed to be dishonest appeared first on Chris Skinner's blog.
Payments Source
SEPTEMBER 5, 2018
By transforming a traditional treasury into a cashless economy, cities will open the doors to wider and faster adoption of more complex smart city innovations, writes Sumeet Puri, senior vice president and global head of systems engineering at Solace.
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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.
Bobsguide
SEPTEMBER 3, 2018
Often described as the ‘new oil’ or even the currency of the digital economy, data is key to the business strategy of every organization. For banks, building an understanding of how to harness the variety, velocity and volumes of data available to them will dictate the difference between.
PYMNTS
SEPTEMBER 3, 2018
The summer, now drawing to a close, brought significant payments and commerce activity outside the Western world. A new PYMNTS story offers an in-depth look at all the recent digital happenings in India — a country that’s experiencing more competition from the likes of Google , Amazon , Walmart-owned Flipkart and Alibaba. Online retail continues to grow in the country, and that market could hit $200 billion by 2026 if one goes by a Morgan Stanley estimate.
Chris Skinner
SEPTEMBER 6, 2018
Things we’re reading today include: UK fintech in buoyant mood as valuations soar How high street banks reward premier customers Nigerian bank’s former UK head was arrested U.S. probing Wells Fargo’s wholesale banking unit: WSJ Five surprising outcomes of the 2008 financial crisis Foreign investors face decision to stick or … The post Things worth reading: 7th September 2018 appeared first on Chris Skinner's blog.
Payments Source
SEPTEMBER 6, 2018
The information you need to start your day, from PaymentsSource and around the Web: mobile ordering on the golf course; Facebook users take a break; PayPal invests in U.K.'s Monese; and more.
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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.
Bobsguide
SEPTEMBER 5, 2018
According to the World Bank, almost 2.5 billion people in the world have no access to banking infrastructure, with an estimated 1.1 billion people unable to prove their identity – one in every seven individuals. These issues resonate in sub-Saharan Africa, where just four years ago, 66% of the.
PYMNTS
SEPTEMBER 7, 2018
Imagine this: You are watching a movie or TV show at home —it’s been a long week and you are vegging out, a glass a wine on the table — and you decide you like a shirt worn by one of the characters, or that you enjoy a particular documentary so much that you want to further explore the subject via a book. You use your remote or mobile device to make such a purchase before giving all your attention back to the action on the screen.
Chris Skinner
SEPTEMBER 4, 2018
Things we’re reading today include … Deutsche Bank to Be Removed From Euro Stoxx 50 Index Danish bank scandal grows to ‘gigantic’ proportions Peer-to-peer lender Funding Circle plans £2bn flotation ING to pay €775m in money laundering case TSB chief Paul Pester steps down after IT meltdown Exclusive: Big Australian … The post Things worth reading: 5th September 2018 appeared first on Chris Skinner's blog.
Payments Source
SEPTEMBER 5, 2018
It’s possible for all types of companies to live in tandem and ultimately, benefit from this new business ecosystem, writes Khalid Fellahi, senior vice president and general manager of Western Union Digital.
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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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