Sat.Nov 17, 2018 - Fri.Nov 23, 2018

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Cyber crime seen as major risk to mobile shopping during holiday season

Payments Dive

As cyber attackers develop more sophisticated methods of attacking online sites, security experts and retailers are increasingly focused on protecting mobile shopping and payment platforms to ensure a safe holiday season.

Mobile 370
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What banks can learn from British Airways

Chris Skinner

Something happened to me this week that made me think of big bank friends. It’s a different industry and one that, last month, I said we could learn from:the airlines. So, here’s a sobering, learning lesson. I’m a gold member of most airline networks, having flown Star Alliance and One World for … The post What banks can learn from British Airways appeared first on Chris Skinner's blog.

Industry 347
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Top 5 Emerging Fintech Hotspots in 2018 [Page 1]

Bank Innovation

The number of financial technology companies is on a rise, and every year many of these new companies as well as established ones choose to situate themselves in cities that are not San Francisco or New York. In some cases, the establishment of one powerful player in a region automatically turns a place into a […].

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Sweden’s Cashless Drive Hits A Speed Bump

PYMNTS

In Sweden, the move to a cashless society has been marked by a quickened pace. Might there be speed bumps ahead, though? The New York Times said cash is being left by the wayside, in favor of digital payments, so quickly that the government is reportedly “recalculating the societal costs of a cash-free future.”. The reconsideration comes, according to the Times , as half of Sweden’s retailers have said they will stop accepting hard currency within the next few years.

ATM 201
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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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Carrier billing in the Nordics: 2018 market report

Payments Dive

This market report gives an overview of the mobile payments landscape in the Nordic countries: Sweden, Denmark, Finland and Norway.

Report 239

More Trending

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What Does ‘Operational Efficiency’ and ‘Pragmatism’ Mean for Innovation?

Bank Innovation

Signs point to more difficult economic times ahead. The future is always uncertain, but banks must prepare now, and this may spell trouble for innovation teams. Wells Fargo & Co. recently notified about 1,000 employees in its Consumer Banking and Payments, Virtual Solutions and Innovations groups of the bank’s plans to eliminate their positions.

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NEW DATA: 14 Ways To Improve Mobile Checkout Conversion

PYMNTS

Smartphones are now more ubiquitous than laptops and desktops. As many as 86 percent of modern consumers own a smartphone, and 23 percent of them shop on their mobiles. Many eTailers are looking to cash in on the smartphone’s ubiquity by optimizing their mobile sites, making it easier for consumers to navigate, find and pay for items. For bottom-performing merchants, mobile checkouts are an even higher priority.

Mobile 193
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Thinking Forward: Financial Services and the AI Revolution

Insights on Business

Artificial intelligence is changing the game. According to Stanford professor Andrew Ng , AI is the “new electricity,” already generating billions in value as it transforms industries such as IT, health care — and now financial services. Both fintech firms and traditional enterprises are on the brink of significant disruption as companies leverage the rapid insights generated by AI in banking to drive demonstrable outcomes in customer experience, risk management and cost efficiency.

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Ten chairs: how to change the bank

Chris Skinner

I was in the middle of a conversation about how to change the bank, when we started talking about the boardroom issue. As many of you will know, I often reference the fact that, according to research, over nine out of ten bank boardroom members have never had a job … The post Ten chairs: how to change the bank appeared first on Chris Skinner's blog.

How To 290
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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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How Ripple's $50M investment in blockchain research could change U.K. payments

Payments Source

Earlier this year Ripple announced that it has dedicated $50 million toward the University Blockchain Research Initiative, partnering Ripple with 17 universities around the globe from the U.K. to Brazil, with the aim of accelerating new innovations in blockchain and cryptocurrencies.

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In The Age Of Algorithms, Will Banks Ever Graduate To True AI?

PYMNTS

Algorithms are taking on more of the data and security work for financial institutions (FIs), with technologies such as data mining and business rules management systems (BRMS) finding popularity among banks and credit unions. However, fewer institutions have made the move to true artificial intelligence (AI), with funding and even misunderstanding about the technology serving as challenges to the wider acceptance of AI.

Data 192
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IBM Open Banking Platform launch: Key takeaways

Insights on Business

In today’s financial services industry, issues ranging from new regulations to unforeseen competitive pressures are placing ever-growing pressure on traditional banking institutions to move toward open banking models. To address this need, IBM introduced the IBM Open Banking Platform. The IBM Open Banking Platform is a software suite that helps accelerate a financial institution’s digital transformation through modular tools based on industry standards, is built on Kubernetes, and guided by Bank

Software 150
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OMG!!! Did you see #Alibaba’s Singles Day numbers???

Chris Skinner

The 11th of November. 11 November. 11/11. Not 9/11 or 5/11. 11/11. For Europeans and Americans, 11/11 means the end of the First World War. The Allies sat down and signed the Armistice Agreement with the Germans at 11:00 (Paris time) on 11th November, 1918, in Compiègne and ended the … The post OMG!!! Did you see #Alibaba’s Singles Day numbers???

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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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Making private bankers more productive

Bobsguide

The transition to the use of digital tools in private banking is drawn by inefficiencies experienced by private bankers. If not dealt with, they will likely impact client satisfaction aside from making the private banker less productive. At the outset, qualified and experienced private bankers are.

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Walgreens, Humana Mull Partnership Expansion

PYMNTS

Drugstore owner Walgreens Boots Alliance is in preliminary discussions with health insurer Humana about possibly taking equity stakes in each other. The companies already have a partnership that serves seniors from two Walgreens locations. Now, citing sources familiar with the matter, The Wall Street Journal ( WSJ ) reported that Walgreens and Humana are having wide-ranging talks that include expanding that venture.

Examples 191
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Amazon data glitch could hinder plans for point of sale

Payments Source

There's never a good time to expose customer data, but the incident Amazon disclosed Wednesday could upend two major events: Black Friday/Cyber Monday and a reported effort to get merchants to accept Amazon at the point of sale.

Data 106
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The 1% will always get richer

Chris Skinner

Emmanuel Macron faced protesters across France during the weekend, in a country where he has been dubbed The President of the Rich. What interests me is that title. The President of the Rich. Are not all governments, the governments of the rich? Isn’t that why we have the 99% for, … The post The 1% will always get richer 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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Outmuscling Stripe, PayPal and Adyen: new attitude vital for banks

Bobsguide

The race to market domination is well and truly underway as fintechs rub elbows with established banks in the payments space. And the ideal conditions for fintechs seem to be converging to label 2019 a make or break year for the banks. From the regulators, a year on from PSD2, fintechs are.

Fintech 97
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Cargill And Getting More Turkeys On The Blockchain

PYMNTS

Cargill is a big name in turkeys in the United States: when Americans sit down for Thanksgiving dinner later this week, there’s approximately a one-in-four chance they will be digging into a Cargill bird. The Minnesota-based firm is a an old-school kind of company; founded in 1865, it sells a pretty old-school product, as Americans have been eating turkey on Thanksgiving Day since the 1800s.

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Data: China's big spenders

Payments Source

In the past few years the Chinese government has loosened restrictions on foreign travel, enabling millions of its citizenry to visit foreign lands. Along with a greater ability to travel is the enhanced prosperity Chinese consumers have reaped at home — and now bring with them on vacations to purchase foreign goods.

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Things worth reading: 23rd November 2018

Chris Skinner

Things we’re reading today include … Monzo and Starling are making banks take mental health seriously Deutsche Bank shares hit record lows as German bank dragged into money laundering scandal Goldman Sachs offers London staff emergency nannies Exclusive: Visa, Mastercard offer tourist card fee cut in EU antitrust probe – … The post Things worth reading: 23rd November 2018 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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Interview: Barclaycard CIO on Open Banking APIs and blockchain non-adoption

Bobsguide

A new Barclaycard survey of 100 UK chief information officers (CIOs) goes some way to clarifying how the role is changing in the face of fast technological progress. Among the findings, 42% of companies are scaling up their R&D spending to leverage emerging technologies, and 77% are executing.

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Snap Launches Partner Program To Help Brands Create AR Lenses

PYMNTS

Snap, the maker of the disappearing messaging app Snapchat, announced Monday (Nov. 19) a partner program aimed at making it easier for brands to use and pay for augmented reality (AR) lenses. According to a report , the launch of this program to help advertisers find certified AR shops to create the digital product placements marks the first move after Snap opened up its lenses to outside developers nearly a year ago.

Branding 190
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Data: Mobile's loose grip on holiday spending

Payments Source

Across all age groups, many consumers still prefer shopping in stores for various reasons. But even when going into a brick-and-mortar store, these consumers don't leave their digital habits behind; many still prefer to pay by mobile or wearable when the option presents itself.

Mobile 102
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Things worth reading: 22nd November 2018

Chris Skinner

Things worth reading today include … Amazon hit with major data breach days before Black Friday ABN seeks UK licences to ward off Brexit threat Westpac chief executive blames bank’s ‘culture’ for ignoring Asic – as it happened Stamp duty revenue in England down 10% on a year ago Noel … The post Things worth reading: 22nd November 2018 appeared first on Chris Skinner's blog.

Data 172
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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.