Sat.Dec 01, 2018 - Fri.Dec 07, 2018

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Biometrics to impact future of mobile payment authentication

Payments Dive

Biometrics wlll have a significant impact in driving mobile payment use as facial recognition and fingerprint scanning technologies are incorporated into applications.

Mobile 334
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The untold story of Stripe

Chris Skinner

Wired are really good at writing long, wordy essays on things they find of interest. I enjoy them, but not everyone has half an hour to read their musings. Therefore, as it covers my favourite FinTech firm Stripe, here’s a 1,500 abridged version of their 16 page, 5,000 word original … The post The untold story of Stripe appeared first on Chris Skinner's blog.

Fintech 309
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Why Lloyds Bank Is Moving Its Core to the Cloud in 2019

Bank Innovation

Lloyds Bank plc plans to deploy a new core from cloud banking provider Thought Machine in 2019 as part of a project to lower its risk and increase its innovation potential. The bank has announced it will enter the development and deployment phase of its massive core-revamping plan early in the year ahead. For this […].

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What An Alleged NSA Hack Reveals About Payments Cybersecurity

PYMNTS

Not to ruin your holiday spirit, but let’s start this story with the cold and brutal truth: One of the largest risks that payments and commerce operators face in 2019 is being called to account by government officials, regulators or media about a failure to secure their organizations from cyberattacks. The past year brought a significantly increased focus on the security and privacy of online data, with not only consumers paying more attention to the issue but (much more importantly) lawmakers h

Payments 240
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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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T-Mobile may usher in wave of wireless carriers looking to disrupt banking

Payments Dive

The T-Mobile test pilot of its new mobile banking service is expected to be the first of many telco companies exploring ways to leverage new financial services for their customers.

Mobile 268

More Trending

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Urjanet Uses Utility Data to Expand Access to Credit

Bank Innovation

Urjanet is using utility data to help underwrite loans and widen access to financial services — and it has more utility data than anyone else. The company started in the energy and sustainability space in 2010. (“Urja” means energy.) It now has an increased focus on data analysis tools and digital transformation and has close ties with […].

Data 218
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Ripple Forms Blockchain For Europe Association With Other Players

PYMNTS

Ripple, the blockchain company that owns XRP, the digital currency, has joined forces with NEM, Fetch.AI, and EMURGO/Cardano to create a new association that represents the interest of blockchain and cryptocurrency business in Europe. According to a report in The Next Web , the group, dubbed Blockchain for Europe, says its the first unified voice for the industry in Europe.

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Why payments providers don't want customers to feel involved in the payments process

Payments Dive

Payments technology can help merchants boost sales and drive loyalty with customers.

Payments 330
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Is the internet of things our biggest future threat?

Chris Skinner

We talk a lot about cybersecurity, fraud and risk, but are we too complacent about it? We have all these stats and figures: According to Verizon’s 2018 Breach Investigations report, 92 percent of malware is still delivered by email. Out of the 1,300 IT security decision makers surveyed for cyberark Global Advanced Threat Landscape … The post Is the internet of things our biggest future threat?

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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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Platformification â?? the end of banks but the future of banking?

Bobsguide

Niels Bohr, the Danish, Nobel-prize winning physicist once said “prediction is very difficult, especially if it’s about the future” However, there is something about human nature that compels us to make predictions, and there is something else about our nature that seems to.

US 162
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Why Consumers Will Shrug Off The Marriott Breach

PYMNTS

In 1954, mathematician L.J. Savage published research about how consumers process information when making decisions. Dubbed the sure-thing principle , Savage’s work showed that consumers consider a variety of inputs when making decisions. They also mentally bucket – and then disregard – inputs that may be important, but not important enough to change their minds about something they really want to do.

Fraud 192
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The Future of Fintech Video Series: Central Payments

Payments Dive

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.

Video 236
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The most influential person in UK tech is …

Chris Skinner

I got an email the other day saying that I am now the most influential person in the UK, not just for FinTech … but for technology in general. I was and am shocked. I don’t really subscribe to influencer lists, as most do not take into account the readership … The post The most influential person in UK tech is … appeared first on Chris Skinner's blog.

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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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Retail localization needs checkout innovation and creative delivery to thrive

Payments Source

Walmart, Tractor Supply and Home Depot are among the retailers using cashierless checkout ad local sourcing to tailor services for specific communities, according to Marc Gorlin, CEO and founder of Roadie.

Retail 120
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The Security Threat Of Bank-FinTech Collaboration

PYMNTS

When the data of 15 million T-Mobile customers was stolen in 2015, the mobile firm’s CEO immediately went into damage control mode. John Legere released a statement when the news broke, offering customers access to free credit monitoring and identity resolution services, and emphasizing the company’s efforts to assist clients concerned about their privacy.

Security 192
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The Future of Fintech Video Series: Glint Pay

Payments Dive

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.

Video 225
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UK headmistress threatens to close tuck shop

Chris Skinner

I was wracking my brains trying to write something interesting about the Brexit farce, when I noticed that my good friend Bob Lyddon had done it for me. Enjoy! UK headmistress threatens to close tuck shop The UK’s headmistress, Theresa May, has issued a chilling warning to the 650 members … The post UK headmistress threatens to close tuck shop appeared first on Chris Skinner's blog.

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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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The digital transformation puzzle: no more shying away from technology

Bobsguide

With banking customers expecting higher quality and faster interactions, customer experience has become the battleground where banks compete to retain existing customers and attract new ones. Many banks are embracing digital transformation (DT) as a strategy on which to build new and advanced.

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TSYS On How Payments Power Rewards, And Rewards Power Loyalty

PYMNTS

Loyalty has come a long way in the payments realm, from the days when strict terms of rewards programs were more frustrating than enticing for consumers. Gone are the days when you had to redeem points for miles and miles for flights – but only if you were flying two years from that day, on the second Thursday in March, at 7:30 p.m., with the condition that you make three stops before finding your way to the final destination.

Payments 191
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The Future of Fintech Video Series: Transferwise

Payments Dive

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.

Video 207
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The Finanser’s Week: 26th November – 2nd December

Chris Skinner

The main blog headlines are … Five digital transformation lessons In a final write-up on leadership, there was a fantastic presentation about the lessons DNB had learned in trying to make digital change happen. Solveig Hellebust, Group Executive Vice President for People & Operations at DNB or, as she called … The post The Finanser’s Week: 26th November – 2nd December appeared first on Chris Skinner's blog.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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â??Omnishambleâ?? banks fuelling digital challenger success

Bobsguide

“The big banks lacked focus on getting a full and seamless customer experience right,” said Andrew Stevens, financial services specialist at Quadient, the customer experience platform on a panel at FinTech Connect. “The lack of focus on customer experience has enabled the rise.

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EU Blockchain Forum Recommends Digital Identity Systems

PYMNTS

In its newest report, the EU Blockchain Forum (EUBF) noted that government bodies need to home in on two aspects of the blockchain to help the technology fully actualize: That is, the institutions need to have digital national currencies as well as systems for digital identity, The Next Web reported. The organization said in its report, “digital identity is the fundamental building block and a key area for governments to focus on … another important building block … is having digital versions of

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The Future of Fintech Video Series: Galileo Processing

Payments Dive

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.

Video 199
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Things worth reading: 4th December 2018

Chris Skinner

Things we’re reading today include … Becoming a digital bank Digital bank Monzo becomes Britain’s best-rated lender Bank crisis in Italy may spark ‘doom loop’ for UK, warns Bank of England UK peer-to-peer lender Zopa gets banking license as it looks to compete with industry giants UK banks can survive … The post Things worth reading: 4th December 2018 appeared first on Chris Skinner's blog.

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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.