Bank Innovation
MARCH 19, 2018
Spanish bank BBVA will be testing its invisible payment strategy in-house, allowing employees and staff to use an app to pay for purchases without taking out their wallets, the bank announced today. These invisible payments will be rolled out for testing at “Ciudad BBVA,” the campus that houses the bank in Madrid, Spain. The testing.Read More.
Chris Skinner
MARCH 21, 2018
I know that we deal with quite complicated things in financial technologies. AI, AGI, ASI (Artificial Intelligence, Artificial General Intelligence, Artificial Super Intelligence); machine learning and deep learning; blockchain, shared ledgers and distributed ledger technologies; cryptocurrencies, virtual currencies and digital currencies; Open Banking and Open APIs; and so on and … The post How quantum will change everything (including banking, money and security) appeared first on Chris
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Payments Dive
MARCH 23, 2018
The future state of self-service is turning the kiosk into a stand-alone store, and secure payment is one of the services that needs to be offered for it to be effective, says Ingenico's John Menzel, who recently shared his insights on EMV compliance in self-service.
PYMNTS
MARCH 22, 2018
Online and mobile banking interfaces have become must-have features for financial institutions in the digital age. Fifty-five percent of Americans have a full-service banking app on their phone, and 16 percent check these apps at least once per day. Customers think of these digital offerings as crucial to their banking decisions. More than 50 percent reportedly believe it’s important for banks to provide mobile deposits, P2P services and account openings.
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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
Bank Innovation
MARCH 20, 2018
Paris-based banking startup Lydia is looking to become a “meta-banking app” that will allow customers to find several financial products in its hub, TechCrunch reported today. The app, which currently offers peer-to-peer payment services, will also be launching “Lydia Premium,” a subscription-based service for users who wish to access these features.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
MARCH 22, 2018
Macy's has recognized the characteristics of its target shopper and is committed to offering her a more personalized experience, as well as mobile checkout and a virtual furniture design experience.
PYMNTS
MARCH 21, 2018
Losing out is always a bitter pill to swallow, but the worst defeats are the ones that are seemingly snatched from the very jaws of victory. The Bill Buckner between-the-legs-bauble, the Aaron Boone Green Monster killer, the David Tyree helmet catch – the moments when fate intervenes in the form of a small bad choice cascading out of control. The unforced errors that take wins that looked like sure things and nudge them ever so slightly – but permanently – out of reach.
Bank Innovation
MARCH 19, 2018
EXCLUSIVE – Think the bitcoin craze has died down? Think again. A new report shows that six out of 10 people with no current exposure to cryptocurrencies would consider including altcoins and bitcoin in their investment portfolios. The report released last week by deVere Group also shows that seven out of 10 people currently investing.Read More.
Chris Skinner
MARCH 21, 2018
Last year I wrote about the ten year ticking timebomb, and I thought I’d come back to it as my mind has moved on a bit. That’s why I now talk about three minutes to midnight. Midnight is when it’s too late for the bank to change their systems into … The post It’s three minutes to midnight appeared first on Chris Skinner's blog.
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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
MARCH 20, 2018
Mary Hines, the global head of rewards for Citi, is scheduled to give the opening keynote for the conference.
PYMNTS
MARCH 22, 2018
It was a coincidental happening that the same month Atradius released its latest insolvency forecast – which found that insolvencies around the world are low, thanks to a strong economic outlook and low interest rates – news of the Toys R Us bankruptcy hit the headlines and sent shockwaves throughout its supply chain. The backlash continues, as suppliers have reportedly criticized ongoing bankruptcy proceedings that could lead to the defunct retailer leaving more than $450 million in invoices un
Bank Innovation
MARCH 22, 2018
UK-based fintech Revolut’s newest product is a “disposable” virtual card, a product that was designed with fraud protection in mind, the fintech announced today. The card, which sits inside Revolut’s mobile app, wipes a user’s details and resets them after every payment. The startup, which has applied for a European banking license, currently has about.Read More.
Chris Skinner
MARCH 20, 2018
Twenty-five years ago (yes, I am seriously old!) I was a consultant to insurance companies and banks talking about Business Process Re-Engineering (BPR). The thrust of my focus was to redesign the company from a customer-centric view first. The consultancy did get business but rarely achieved this objective, as no … The post Do bankers believe the Sun goes around the Earth?
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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.
Insights on Business
MARCH 19, 2018
It’s been a full day at IBM Think, and while Ginni’s much-anticipated keynote is tomorrow, there are no shortages of learning, networking, and, food! A few highlights that were some of the more notable happenings at the first full day of Think: Announcement of the world’s smallest computer. At IBM Research’s Science Slam, the world’s smallest computer, smaller than the size of a grain of salt, was announced.
PYMNTS
MARCH 20, 2018
In the 1930s, gift certificates made their debut at major department stores. But they weren’t available to everyone. Clerks were told to hide the certificates and only sell them to select customers who asked for them. Years later, McDonald’s brought gift certificates to the masses with its Christmas gift certificate program. With their fast food debut, other merchants — along with malls — started offering them.
Bank Innovation
MARCH 19, 2018
EXCLUSIVE— Most consumers in the United States stubbornly cling to their plastic payments, even as customers in other countries — see China — increasingly embrace at a steady rate mobile and other digital forms of payment. This could be due to the fact that, as many in fintech have stated, the card infrastructure in the.Read More.
Chris Skinner
MARCH 19, 2018
Things we’re reading today include … RBS works up plans for standalone digital bank FCA calls for global effort to speed up fintech growth Aldermore to push into business banking following FirstRand takeover Catching cyber-crooks From Wall Street to weed: How the financial crisis lit up the pot industry U.S. bans … The post Things worth reading: 20th March 2018 appeared first on Chris Skinner's blog.
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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.
Payments Dive
MARCH 19, 2018
Transform Economics, Scale and Efficiency of Reconciliation Operations
PYMNTS
MARCH 19, 2018
Luxury timepieces — and other collectibles — are often purchased as keepsakes. But what are consumers to do if they want to try them on for size and style before making a commitment? Eleven James seeks to solve that problem by allowing its members to essentially borrow a luxury timepiece for three months at a time, or even longer. The company maintains a collection of a few thousand timepieces from more than 30 brands, and members can experiment with different styles without having to make a lon
Bank Innovation
MARCH 22, 2018
As data security and usage becomes more of a hot topic for businesses in 2018, most financial executives are feeling positively about the cybersecurity at their institutions, a report by IBM Resilient found. Of the 2,848 respondents surveyed for the study (released last week, IBM’s third annual on “cyber resilient” organizations), 72% felt their organization.Read More.
Chris Skinner
MARCH 22, 2018
I used to be on the Judging Panel for the Cards & Payments Awards but dropped out a few years ago as my travel schedule got too gruelling to give any time. Nevertheless, I’m always interested to see who wins and why, so here’s this year’s winners: Industry Achievement Award … The post The best plastic out there (Cards & Payments Awards) appeared first on Chris Skinner's blog.
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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.
Insights on Business
MARCH 19, 2018
“Intelligent automation allows business and technology to function together for a common goal instead of against working against one another.”. – Saket Sinha, IBM Vice President & Partner, Banking & Financial Markets. To a maximum capacity audience and kicking off an exciting week of IBM Think 2018 in Las Vegas, IBM VP Saket Sinha led the “Intelligent Automation in Financial Services” breakout session.
PYMNTS
MARCH 19, 2018
It looks like consumers who try Amazon Go like it enough to keep coming back, particularly if the cashier-free shops are in proximity to where they live or work. “The ones who work very close, like in the building up above, will come down even just to grab a drink because it’s so fast and easy,” said Amazon Go Vice President Gianna Puerini according to Reuters , at the ShopTalk eCommerce conference in Las Vegas, offering a rare glimpse into a very new retail format for the commerce giant.
Bank Innovation
MARCH 20, 2018
Artificial intelligence startup Digital Reasoning has raised $30 million from a group of major banks, in a round led by French bank BNP Paribas. The other investors include U.K.’s Barclays, Square Capital, Goldman Sachs, Nasdaq, Lemhi Ventures, HCA, and the Partnership Fund for New York City. The U.S. based Digital Reasoning was launched in 2012.
Chris Skinner
MARCH 21, 2018
Things we’re reading today include … What’s Your Bank Learning From Your Cell Phone? Deutsche Bank Falls as CFO Warns of Securities Unit Headwind Economists promote low-volatility cryptocurrency backed by dollars EU launches £4.4bn tax raid on tech giants Europe’s banks told to keep planning for full Brexit in 2019 … The post Things worth reading: 22nd March 2018 appeared first on Chris Skinner's blog.
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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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