Sat.Oct 15, 2016 - Fri.Oct 21, 2016

article thumbnail

10 Ways Banking Will Be Different in 2020

Bank Innovation

An obvious statement: The banking world is changing. However, it does give rise to less obvious questions: Just how fast is it changing, and in what ways? For instance, what will the banking world look like in five years? Will there be chatbots in every smartphone and every app? Will Read More.

article thumbnail

Where is the bank’s digital vision?

Chris Skinner

It’s intriguing to find more and more banks creating digital heads. I meet them regularly, I’m the digital head of retail banking; I’m the digital head of retail business banking; I’m the digital head of the investment bank; I’m the digital head of our transaction banking business; I’m the digital head of our commercial bank; … The post Where is the bank’s digital vision?

Meeting 329
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Apple Pay's tenuous role in a cashless society

Payments Dive

Mobile Payments Today Editor Will Hernandez examines Tim Cook's recent comment about a cashless society and mobile payments.

Apple 320
article thumbnail

Sibos 2016: My five main takeaways for banks

Accenture

Once again, Sibos was the place to be to discover, discuss and understand how disruptive innovations are transforming the financial services landscape. Looking at the opportunities amidst the disruption, this year’s conference also further explored the evolving relationship and collaboration. Read more.

Maine 241
article thumbnail

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

article thumbnail

Lantern Credit Partners with Plaid for Realtime Credit Monitoring

Bank Innovation

There are quite a few startups that market themselves as companies increasing financial literacy and safeguarding customers’ financial health, but there aren’t many of them that keep watch on a user’s credit score in realtime. And even fewer will allow users to take action directly from the app to improve that score. Lantern Read More.

Marketing 318

More Trending

article thumbnail

Talking With: Elavon's Guy Harris discusses EMV, mobile payments, security

Payments Dive

If you really want to get an idea of what's going on in the payments industry, it's probably best to speak to a transaction processor because they've dealt with it all, and then some.

Security 238
article thumbnail

Two Hallmarks of Successful Branch Transformation Initiatives

Celent Banking

Since my coverage areas include branch and ATM channel technologies, I often get asked, “What distinguishes successful branch channel transformation initiatives?” Questions like this cut to the chase. Spare me all the charts & graphs, Bob, just tell me what successful institutions are doing. Fair enough. But, don’t we all want easy answers?

article thumbnail

SPECIAL ALERT: DDoS Attack Shuts Down Key Fintech Sites

Bank Innovation

PayPal, Braintree, Shopify and several other key fintech sites were shut down today, apparently as a result of a denial of service attack early this morning on Dyn, an internet service provider. The attack knocked down the sites — we count at least a dozen key fintech sites down — for several hours. Read More.

Fintech 307
article thumbnail

Who owns the customer in the internet of things?

Chris Skinner

I’ve been talking the internet of things for a while as, after all, The ValueWeb is the internet of value that underpins the internet of things. A key concept of the internet of value is how it supports your television, car, fridge, shoes, phone, computer and your partners’ and chidlrens’ things to buy and transact. … The post Who owns the customer in the internet of things?

article thumbnail

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

article thumbnail

CFPB, EMV, mobile payments sure to dominate this year's Money 20/20

Payments Dive

The annual Money 20/20 conference starts Sunday, which means we're about to be hit with a lot of payments talk next week.

article thumbnail

Weird Commerce: MUFON, Investigating UFOs Since 1969

PYMNTS

Ever seen a UFO? Could it have really been a bird, plane or you-know-who? That’s where 47-year-old nonprofit MUFON comes in to debunk or detail what you saw. “Sometimes, people say they saw a UFO, and immediately, people think they said, ‘I saw a flying saucer,’” said Rodger Roeser, spokesperson for MUFON, which literally investigates unidentified flying objects.

DC 181
article thumbnail

What you need to know about Australia’s New Payments Platform

Bank Innovation

The New Payments Platform (NPP) is the Australian equivalent of the UK’s Faster Payments Service – only on track to be implemented just under 10 years later. Real time payments are a no brainer. Daily Fintech wrote about the implications these payment systems have on consumer behaviour back in June Read More.

Payments 306
article thumbnail

Banks’ burning platform is obvious

Chris Skinner

My presentations change every day, but I got a great new slide to illustrate the burning platform that banks sit upon. This is the one I was blogging about yesterday, and the one area I blog about incessantly (so much so that I bore myself). But there is a burning platform in all banks, and it’s … The post Banks’ burning platform is obvious appeared first on Chris Skinner's blog.

article thumbnail

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.

article thumbnail

Key Benfits of Operating Turnkey Payment Business in European Union

Payments Dive

Initiating a financial institution offers many challenges. See why many entrepreneurs are operating turnkey payment businesses without the need for a bank license.

article thumbnail

ORACLE: Swinging the Bat in Cloud Services

Celent Banking

It's hard to believe that an entire month has gone by since Oracle OpenWorld in San Francisco — but baseball fans will have noticed that things have been a bit hectic here in Chicago of late. Ironically, the Chicago Cubs clinched a playoffs berth on September 18th, the very day that Larry Ellison officially opened OPEN World with his first of several Keynote presentations.

Chicago 178
article thumbnail

Mobile Banking Dominates Banks’ Innovation Spending in 2016

Bank Innovation

Mobile banking is the most valuable area of innovation when it comes to consumers, say banks and credit unions—which is probably why that’s the area these institutions are spending the most money on trying to innovate. This is according to Bank Innovation’s annual State of Banking Innovation survey for 2016, Read More.

article thumbnail

300 years and still going strong?

Chris Skinner

A final comment on leadership for digital transformation. I was in a conversation with a bank yesterday when, half way through, the senior chap there said “look Chris, we’re a 300-year-old institution, things change but not that fast”. 300 years old. Wow. They were actually established in the 1600s. That was just after the Great … The post 300 years and still going strong?

article thumbnail

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.

article thumbnail

Why Retailers Should Look For More From Their Vendors

PYMNTS

Out of the ever-growing list of things retailers have as priorities, stopping fraud — not selling more goods and services — has now claimed the online retailer’s top spot. That’s the finding of Forrester’s 2016 “State of Retail Payments 2016” report. Michael Reitblat , CEO of Forter , isn’t at all surprised. The mere increase in the number of fraud attempts year over year and quarter over quarter is enough to shake even the most hardened eTailer to her knees.

Retail 168
article thumbnail

Accelerating Blockchain Transformation

Insights on Business

In March of 2016, I testified on the revolutionary nature of blockchains before the U.S. House of Representatives’ Energy and Commerce Subcommittee on Commerce, Manufacturing & Trade. Since that time, blockchains have continued garnering interest across multiple industries from banking to health care, and have been explored for quite a few additional use cases.

article thumbnail

Digital Wallets Are on the Rise, But Consumers Still Don’t See the Value

Bank Innovation

Digital wallets are becoming more and more prevalent in the fintech world, but according to a recent survey of 9,600 by Market Force Information, they are not gaining much ground with the average consumer. “Consumers are actually questioning the value [of digital wallets],” said Cheryl Flink, chief strategy officer for Market Force. Read More.

Survey 305
article thumbnail

Things worth reading: 20th October 2016

Chris Skinner

Things we’re reading today include … California prosecutors open new front in Wells Fargo scandal Security breaches feared in up to 3.2 mln Indian debit cards: report Chancellor insists Bank of England will remain independent Fed risks repeating Lehman blunder as US recession storm gathers Handelsbanken shrugs off Brexit to post rising profits Bank of … The post Things worth reading: 20th October 2016 appeared first on Chris Skinner's blog.

article thumbnail

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.

article thumbnail

Visa Announces New B2B Payments Using Blockchain

PYMNTS

Visa and Chain today [October 21] announced that Visa B2B Connect – a B2B payment platform based on blockchain – will be piloted in 2017. Visa hopes that Visa B2B Connect will give financial institutions fast and secure processing of global B2B payments. The announcement of B2B Connect also marks the second stage of Visa’s relationship with Chain.

article thumbnail

“Transforming the Landscape” – My learnings from SIBOS 2016

Celent Banking

The fall conference season is a business time for us in the industry research business. I’ve finally recovered from a hectic week in Geneva, where I met with over 40 banks, technology companies, and consulting firms to discuss what’s happening in global transaction banking. This year’s Sibos theme was “Transforming the Landscape”, organized around four themes: Banking, Compliance, Culture, and Securities.

article thumbnail

The Effect of Technology on Bank Culture

Bank Innovation

I was invited by the New York Federal Reserve Bank to moderate a panel at its annual Culture Conference on the challenges and opportunities that FinTech is raising for the culture of financial institutions. As this is a topic that has long interested me I was happy to accept. At tomorrow’s session (October 20, 2016) the […].

article thumbnail

The Finanser’s Week: 10th October – 16th October 2016

Chris Skinner

The main blog posts this week were … If you want to convince the bank to change, read this blog I was thinking about not sharing this info but hey, as you are good enough to read my blog … here’s the bottom-line on digital disruption (ed: oh no, Chris said the D-word!). There’s a … The post The Finanser’s Week: 10th October – 16th October 2016 appeared first on Chris Skinner's blog.

Maine 223
article thumbnail

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.