Payments Dive
DECEMBER 18, 2018
Public transit systems in New Jersey, New York, Chicago and other major metropolitan areas are converting their systems to accept contactless payments, which experts say will reduce costs and help improve ridership.
Chris Skinner
DECEMBER 17, 2018
I was listening to a great discussion about innovation (again) amongst a group of innovative bankers. As the conversation progressed, it made me reflect on a few things. In particular, how the conversation about innovation has changed over the past decade. Just before the financial crisis hit, innovation was big … The post From innovation theatre to real innovation appeared first on Chris Skinner's blog.
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Bank Innovation
DECEMBER 20, 2018
A lot was said and done in the world of banking and fintech in 2018. In the midst of all the competition and collaboration, leaders emerged from all corners of the industry. Here are Bank Innovation’s five most influential people of the year, determined by editors’ choice, in no particular order: Jamie Dimon, JPMorgan Chase […].
PYMNTS
DECEMBER 20, 2018
In life, change is the only constant, so why should it be different for payments? From cash to digital, from plastic cards to mobile wallets, from cash registers at the front of restaurants to tablets brought to tables (redefining the concept of “dine and dash”) — the way we pay shifts along with the availability of technology, and tech shifts as commerce demands new features.
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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
Payments Dive
DECEMBER 20, 2018
Jeff Kagan explains why he believes Amazon Pay could have a successful future as a payment method in the retail world, even though these retailers are arch competitors with Amazon.com.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
DECEMBER 19, 2018
Generalizations. They’re everywhere and they’re all completely unhelpful. Yes, I’m generalizing to make a point. Of course, it’s not completely true. But there is something to be said, I think, for avoiding the temptation of making sweeping statements. After all, so many things in life are rendered in shades of grey rather than in black […].
PYMNTS
DECEMBER 18, 2018
Amazon , Apple and Google are among the large tech companies that are throwing their support behind the creation of a real-time payments network in the U.S. led by the Federal Reserve. According to a report in the American Banker citing a letter submitted by a trade group representing Amazon, Apple, Google, PayPal , Square , Stripe and Intuit , they all expressed their support for the Fed being in charge of the development of a system that can connect all the banks and credit unions in the U.S
Payments Dive
DECEMBER 21, 2018
Facebook is facing increased calls from privacy advocates, public officials and others for government regulation and investigation following new allegations of unauthorized data sharing.
Chris Skinner
DECEMBER 20, 2018
Just looking through the stats for the last year and it gives you an insight into what’s hot and what’s not. So here are the ten most popular blog posts of 2018: In at Number 10 is: Who are the hottest FinTech firms and Influencers around the world? This blog … The post The top blog posts of 2018 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
Bank Innovation
DECEMBER 21, 2018
There are startups that want to destroy banks and startups that want banks to buy their software. Luckily for the banks, there are many more of the latter than the former. Ben Savage, partner at the Los Angeles-based Clocktower Technology Ventures, told Bank Innovation that the flourishing fintech ecosystem holds both risks and opportunities for banks, […].
PYMNTS
DECEMBER 16, 2018
Facebook , the beleaguered social media giant that is facing intense scrutiny into its business practices, could be on the hook for a multibillion dollar fine, reported CNN. According to the report citing the Irish Data Protection Commission, Facebook is under investigation by the regulator over allegations it failed to protect the privacy of its users.
Payments Dive
DECEMBER 20, 2018
We are excited to bring two leading customer experience events to one place! The Interactive Customer Experience (ICX) Summit is about looking at the interactive technologies that are furthering the customer experience. CONNECT: The Mobile CX Summit is about learning the innovative ways mobile has helped to boost the customer experience.
Chris Skinner
DECEMBER 19, 2018
As usual, I began the year with a bunch of predictions. I always like to end the year by going back and reviewing them. My own predictions were a little bit off. I said the main four things that would happen this year were: Getting down to business with Artificial … The post Did 2018 live up to expectations? appeared first on Chris Skinner's blog.
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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.
Bank Innovation
DECEMBER 18, 2018
A majority of Bank Innovation readers do not believe the results of the November midterm elections will have any impact on regulation pertaining to the fintech industry. In November's poll conducted on Bank Innovation, readers were asked how the elections would impact fintech regulation, and if so, will it have a positive or negative impact […].
PYMNTS
DECEMBER 17, 2018
Use of alternative finance (AltFin) sources among small business (SMB) owners is on the rise, but still has a long way to go before it poses a legitimate threat to traditional banks’ market dominance. Mercator Advisory Group data released earlier this year found that 27 percent of small businesses in the U.S. have already used an alternative lending platform, particularly among younger entrepreneurs.
Payments Dive
DECEMBER 17, 2018
This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.
Chris Skinner
DECEMBER 19, 2018
As a professional conference goer, I have certain routines. My main focus is to learn and, although I won’t attend every session, I will attend many. Unfortunately these days, the wandering mind and desperate need to get to the next level of Candy Crush, means that most of the time … The post A word of advice to conference organisers … 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.
Bank Innovation
DECEMBER 21, 2018
In the five years since payments company PayPal acquired Braintree, a comprehensive payment platform, it has seen over $500 billion in payment authorization volume and over 50 billion transactions, Juan Benitez, general manager at Braintree, told Bank Innovation. This, in part, is due to clients like Airbnb, Uber, and GrubHub, and represents a 54% year-over-year […].
PYMNTS
DECEMBER 18, 2018
New technology continues to change the way consumers order and pay for quick-service restaurant (QSR) food: Kiosks and online ordering, among other experiences, let consumers ditch the counter for faster and higher-tech alternatives. But these restaurants are not innovating all that fast — even with all sorts of new technologies hitting the market. According to the PYMNTS Restaurant Readiness Index , the average technological implementation score is far from perfect at 38.7 out of 100.
Payments Dive
DECEMBER 17, 2018
This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.
Chris Skinner
DECEMBER 20, 2018
Things we’re reading today include … U.S. Bank Regulators Warn of ‘Living Will’ Shortcomings at Four Foreign-Owned Banks Deal of the year: Digital banks India’s Assault on Central Bank Autonomy Is Just Starting Malaysia seeks $7.5 billion in reparations from Goldman Sachs: FT Co-author of Danske trades memo among arrested … The post Things worth reading: 21st December 2018 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.
Bank Innovation
DECEMBER 19, 2018
Sad dogs, star power and talking goats. Banks and other FIs pulled out all the stops in 2018 to make commercials and marketing videos that would leave an impression on customers. Here are five that caught our attention this year, in no particular order. These videos were selected by editors’ choice. We’ll lead with the […].
PYMNTS
DECEMBER 20, 2018
The French Data Protection Authority said Thursday (Dec. 20) that it fined Uber $460,000 over its 2016 data breach that exposed the data on 57 million customers and drivers across the world. Uber paid hackers to hide the breach for about a year before it was disclosed. According to a report in Moneycontrol.com , the French Data Protection Authority said the data breach could have been prevented by implementing “certain elementary security measures.” The French government joins a grow
Payments Source
DECEMBER 20, 2018
The digital ID market has massive potential, but many fundamental problems that must first be overcome. Among them: The companies best positioned to provide a viable digital ID platform are not the ones best positioned to benefit from it.
Chris Skinner
DECEMBER 16, 2018
The main blog headlines are … Open Banking: Strategy and Presentation I haven’t given away my slides and presentation for a while, as it’s part of my unique armoury, but I’m bored with my latest slide deck so here it is. Open Banking Strategy and Business Model from Chris Skinner … The post The Finanser’s Week: 10th December – 16th December appeared first on Chris Skinner's blog.
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