Bank Innovation
AUGUST 25, 2017
It is no secret that Mobile Banking is increasing becoming a popular way of banking for many users. Its convenience and efficiency has made it an important way of banking. In fact, in a report published by RaddonSM, a subsidiary of Fiserv, shows that mobile banking usage has grown from 7% of all consumers in […].
Chris Skinner
AUGUST 25, 2017
I get press releases all the time and generally ignore them. In fact, I don’t know why they email me, as I never post them on the blog. Uh-oh. I just got one that I’m posting on the blog. Floodgates opening. What will happen when Amazon opens a bank. … The post Is Amazon About to Burst Banks? appeared first on Chris Skinner's blog.
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Payments Dive
AUGUST 22, 2017
As retailers and restaurants consider whether to deploy new consumer offerings such as a loyalty program, branded app or mobile payments, executives must consider whether such efforts help them acquire more customers to get them into storefronts more often while coaxing them to spend more money.
PYMNTS
AUGUST 23, 2017
Being connected via modern technology is something that’s becoming an expectation among consumers. From groceries to home buying, back-to-school shopping and more, there doesn’t seem to be many facets of everyday life that aren’t intricately connected to help provide an enhanced experience for consumers. One of the latest industries to start exploring in connected technologies are banks.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Bank Innovation
AUGUST 21, 2017
Could personal finance management be the next chapter in free credit-score provider, Credit Karma growing business? Could it leverage its consumer data to branch out into the popular PFM space? Maybe. “We are not engaged in it right now,” Greg Lull, Chief Marketing Officer at Credit Karma, told Bank Innovation. “But I wouldn’t take it […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
AUGUST 25, 2017
While the use of Apple Pay in mobile apps isn't a new concept, most retailers, especially in the SMB and mid-market world haven't taken advantage of its conversion advantages.
PYMNTS
AUGUST 22, 2017
Technology that has the ability to transform cities has given power to how people live their everyday lives. Whether it’s autonomous vehicles streamlining public transportation, city 311 apps to help its citizens instantly report potholes and broken street lights to be fixed, or installing contactless payments at the grocery store, there are a vast amount of ways in which the cities people live in can make subtle changes to augment everyday tasks.
Bank Innovation
AUGUST 22, 2017
EXCLUSIVE— For machine learning and other technologies to make regtech the future, firms are going to have to ditch their focus on keywords and build solutions that focus on cognitive technologies and behavior. This is especially true when it comes to financial compliance requirements for banks, traders, or others in financial services, who need to […].
Chris Skinner
AUGUST 21, 2017
I was in a conversation with a bank executive talking about innovation. We all know the Catch-22 in a bank: you want to be innovative, but only as long as there’s no risk but, with any innovation, there has to be risk. You can play in the sandbox like little … The post Why banks find it hard to change appeared first on Chris Skinner's blog.
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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
AUGUST 24, 2017
That question was the focus of a breakout session Tuesday at the fourth annual CONNECT Mobile CX Summit in Philadelphia. The answer is complicated, which is usually the case with emerging technology options.
PYMNTS
AUGUST 23, 2017
The restaurant industry is a notoriously difficult market to crack, not least of all because of narrow margins, among other factors. With that in mind, you may think restaurants would be slow to adopt new technology, but in today’s market, it’s quite the opposite. Kristi Turner, chief marketing officer of Compeat , a company that provides back-office management software for the restaurant industry, says it’s actually quite rare that restaurants today would not be using some type of restaurant ma
Bank Innovation
AUGUST 23, 2017
A representative of Fosun Group, which, at $13.1 billion, is China’s largest private investment conglomerate, has confirmed that it has invested “tens of millions of yuan,” or multi-millions of US dollars, into a Shanghai-based startup responsible for a local blockchain technology platform. This company, known as Onchain, was founded in Shanghai in 2014.
Chris Skinner
AUGUST 22, 2017
I was surprised to make a chance discovery about The Wizard of Oz. The film with Judy Garland is firmly embedded in modern culture as a classic, but did you know that it was a rally call against the financial system when the book was originally written? It as a … The post The Wicked Witch is Wall Street 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
Bobsguide
AUGUST 23, 2017
Madhur Jain, Global Head, Pre-Sales at SunTec Business Solutions, is one of the fintech industry’s most insightful analysts on the subject of digitalization of banks and the shift to omnichannel retail banking solutions. Madhur sat down with bobsguide last month to speak about the need for.
PYMNTS
AUGUST 21, 2017
People talk a lot about the tech giants that got their start in garages. Larry Page and Sergey Brin started the GOOG in friend Susan Wojcicki ’s garage in 1998. Jeff Bezos started Amazon in his Bellevue garage in 1994. And perhaps the most famous garage startup story ever is that of Bill Hewlett and David Packard and the garage they rented in 1939 to start the electronics company that would later bear their names.
Bank Innovation
AUGUST 21, 2017
Customers of UK’s Barclays Bank will soon be able to make payments via Siri, Apple’s built-in intelligent assistant. The new feature enables customers to tell Siri to make a payment without having to open the Barclays mobile banking app. Apple Touch ID will serve as the payment authentication. Currently, payments can be made in GBP […].
Chris Skinner
AUGUST 24, 2017
For the second time in the last decade, I have been invited as a Contributing Subject Matter Expert to join in research by the World Economic Forum about how technology is changing banking. These are heavyweight projects involving years of research and hundreds of people. Therefore, I take the content … The post FinTech hasn’t changed much … yet 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.
Bobsguide
AUGUST 24, 2017
It’s now less than six months until the Payment Services Directive 2 will come into effect. With national legislation in each of the 28 countries currently in the European Union due by January 13, many banks and financial institutions are currently preparing how to be compliant. For teams.
PYMNTS
AUGUST 22, 2017
Well, whatever else can be said of hackers, they never lack for creative new ways to separate people from their hard-earned money. The newest trick? Stealing consumer phone numbers and using the access that comes with that to reset the entirety of a consumer’s online life. The way the scam works is that a thief contacts a victim’s phone company and asks to transfer their old phone number to a new phone — one under the thief’s control.
Bank Innovation
AUGUST 24, 2017
Insurance startup Trov, might be giving customers a better option than a typical product warranty when they make a big purchase. Trov CEO Scott Walchek told Bank Innovation that the company is looking at partnerships with major online retailers as it prepares for its big U.S. launch in the last quarter of the year. “In […].
Chris Skinner
AUGUST 20, 2017
This week’s main blog headlines are … How often does your bank refresh its apps and architecture? I was talking with a few FinTech firms the other day. They are all fully licensed banks, and are less than 15 years old. They all seem to have one thing in common: … The post The Finanser’s Week: 14th August – 20th August 2017 appeared first on Chris Skinner's blog.
Advertiser: Data Robot
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.
Payments Source
AUGUST 24, 2017
Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web: Australia's agenda for payments; developers flock to blockchain; fraud spikes in the U.K.; and more.
PYMNTS
AUGUST 24, 2017
In late July, PayPal and Baidu captured the world’s attention when they inked a strategic partnership that gives Baidu’s 100 million or so mobile wallet users access to PayPal’s 17 million merchants. On its face, the deal has plenty of upside for both firms. PayPal has spent much of the last year creating partnerships with many of the world’s more luminary players in the payments and commerce space, Apple, Samsung, Visa, Mastercard, Chase and Android is the abbreviated version of that list, as
Bank Innovation
AUGUST 24, 2017
Estonia, a small Northern European country bordering the Baltic sea and Gulf of Finland, wants its own official digital cryptocurrency. According to reports, officials at Estonia are looking to launch a government backed digital currency called “Estcoin” with the help of Ethereum founder Vitalik Buterin through an initial coin offering. Kaspar Korjus, Managing Director at […].
Bobsguide
AUGUST 21, 2017
Cliff Moyce, Global Head of Finance Practice at DataArt, details the security trends that should currently be giving financial services executievs the biggest heacaches. Your ability to respond. Cybersecurity products and platforms can do a great job for you—when your organisation.
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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.
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