Bank Innovation
JANUARY 8, 2018
Sure, cryptocurrency and bitcoin might seem like the talk of the town, but a recent survey found that most people don’t even know what a digital currency is. According to a survey conducted by cryptocurrency platform COBINHOOD, only 56% of the 1,035 Americans surveyed knew that cryptocurrency is a digital decentralized currency designed as a […].
Chris Skinner
JANUARY 11, 2018
Just before Christmas, I was interviewed by a Turkish magazine about the future, Turkey and fintech. I thought it might interest folks to share it here … When you wrote your first book about fintech – little was known about it. How much has that changed and have your predictions … The post Why I like Turkish banks appeared first on Chris Skinner's blog.
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Payments Dive
JANUARY 9, 2018
Today's mobile payments experience has too many potential cracks in the system waiting to form that put a snag in the potential of a smooth ride start to finish. The industry should work to prevent such issues as much as possible.
PYMNTS
JANUARY 10, 2018
When Mastercard launched the Start Path accelerator program in 2014, the goal – according to VP and senior business leader, Amy Neale – was to make it easier for emerging companies to enter “our world” through a combination of operational support, commercial access and some strategic funding. “And when we talk about our world, we mean not just payments, but FinTech more broadly – and, even more broadly than that, commerce,” she said.
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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
Bank Innovation
JANUARY 12, 2018
EXCLUSIVE – Major European payments regulation, PSD2 is set to go live tomorrow in Europe. Banks across the European Union have been preparing for the revised Payment Service Directive or PSD2 since it was first passed in 2015 by the Council of the European Union. The main objective of this new regulation is to level […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
JANUARY 11, 2018
Roger Niederer, head merchant services, SIX Payment Services, offers up insight on how technology is not only changing consumer behavior and needs, but also the choice of payment options that retailers can and must offer customers online and in-store.
PYMNTS
JANUARY 10, 2018
Old and new tech are both coming into play in B2B API. The ever-changing value of bitcoin has been making headlines, and delivering and dashing investors’ dreams along the way. And recently, B2B API players have been tuned in, paying close attention to the cryptocurrency’s rising and falling star. But, more than just watching the cryptocurrency’s value slide up and down, players in the space have increasingly been exploring its underlying blockchain technology — and what that tech could do for B
Bank Innovation
JANUARY 12, 2018
Fintech lender Tandem has officially completed its acquisition of Harrods Bank, a move that grants the London-based lender a banking license, it announced yesterday. A mobile-based lender that allows customers to aggregate all of their financial information in one place to help users save and budget, Tandem lost its banking license in 2017 after an […].
Chris Skinner
JANUARY 9, 2018
I’ve blogged quite a bit about adapting to change lately, and will continue to do so as banking-as-usual (BAU) is not an option. It’s similar to standing in the middle of the road. If you stand there for long enough, you’ll get run over. This is as true in banking: … The post Banking as usual is NOT an option 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
Payments Dive
JANUARY 12, 2018
NFC, QR codes and various in-app payment methods have helped change the way consumers pay via a smartphone.
PYMNTS
JANUARY 10, 2018
Stripe has announced an addition to its Stripe Atlas toolkit that will help founders file their corporate tax returns in minutes. This new tool can be especially important for resource-strapped startups, which often have difficulty with the tax process even with the help of an adviser. In fact, 54 percent of Atlas founders reported making a mistake when filing last year’s returns, including paying the incorrect amount, filing late or missing required filings entirely.
Bank Innovation
JANUARY 12, 2018
EXCLUSIVE- Michael Orlando, founder of FitPay, a provider of payment technology for wearables, has joined the speaker faculty for Bank Innovation 2018, which takes place March 5-6 in San Francisco. Orlando founded FitPay in 2014. The company went on to be acquired by security technology company Next-ID Inc., and provides the payment technology behind wearables […].
Chris Skinner
JANUARY 7, 2018
In mid-December 2017, the UK’s Financial Conduct Authority (FCA) published a really interesting 32-page paper on Distributed Ledger Technology (DLT). The timing wasn’t great as most of the City was out getting smashed at Christmas parties, so I thought it best to put it aside until the New Year hangovers … The post What does the FCA think about blockchain?
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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.
Payments Dive
JANUARY 11, 2018
Recurring payments are becoming increasingly popular for selling digital content. According to Gartner, 80% of software vendors will be using a subscription-based business model by 2020. In this report, we give an overview of how carrier billing can be used to complement credit card payments for subscriptions.
PYMNTS
JANUARY 12, 2018
No more signatures. Visa said today (Jan. 12) in a blog post that it is making the signature an option — and no longer a requirement — for EMV chip-enabled merchants across North America. That shift, for contact or contactless payments, goes into effect April 2018. At the same time, Visa said in its posting that it will continue to invest in initiatives tied to advanced analytics and biometrics.
Bank Innovation
JANUARY 8, 2018
EXCLUSIVE—Card company Dynamics Inc. revealed its Wallet Card, described by the company as the “world’s first” connected payment card, at the CES conference currently taking place in Las Vegas, the company announced today. The card, which was developed in tandem with global banks and payment providers such as Visa and Mastercard, relies on Internet of […].
Chris Skinner
JANUARY 11, 2018
I’m often talking about digital identity and struggle with the subject. This is because the meeting of ID2020 I attended at the United Nations 18 months ago, talked about the issues of digital identity and poverty, and how the poorest are the most susceptible to human trafficking and slavery: How the … The post The driving force behind creating digital identity schemes 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.
Payments Dive
JANUARY 12, 2018
Improve POS, ATM and unattended kiosk uptime and security standards while decreasing total cost of ownership with this zero-touch connectivity solution. TNSLink is a fully managed, PCI compliant connectivity solution for POS terminals, ATMs and unattended kiosks worldwide.
Bobsguide
JANUARY 10, 2018
Global technology consultancy DataArt expects to see a handful of financial technology (fintech) trends that emerged in 2017 to strengthen significantly in 2018. In particular, the growth of Artificial Intelligence (AI) in the industry will be exponential for three main reasons; hugely increased.
Bank Innovation
JANUARY 11, 2018
EXCLUSIVE – Merrill Lynch Wealth Management is adding a client-to-advisor texting capability to its mobile app starting next month. For the feature, Merrill Lynch has partnered with mobile communication solutions provider CellTrust to manage, track, and deliver text messaging. All communication will be time- and date-stamped, tracked, logged and archived.
Chris Skinner
JANUARY 6, 2018
The main blog headlines are … 20 of Europe’s hottest fintech start-ups to watch in 2018 I really liked this article by John Kennedy over at Silicon Republic, and decided to reproduce it here as it’s fitting for the kickoff of 2018. Who are the fintech start-ups in Europe worth banking … The post The Finanser’s Week: 25th December 2017 – 7th January 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.
PYMNTS
JANUARY 9, 2018
Following in the footsteps of companies seeking to get in on the cryptocurrency craze, Eastman Kodak Co. is launching its own digital currency, Bloomberg reports. The cryptocurrency, which the company is calling Kodakcoin, will be “a photocentric cryptocurrency to empower photographers and agencies to take greater control in image rights management.”.
Bobsguide
JANUARY 9, 2018
The siloed nature of traditional banks means they risk falling behind financial technology firms under the revised Payment Services Directive (PSD2), a Feedzai executive has warned. “We will fairly rapidly see many large technology companies seeking to become financial services.
Bank Innovation
JANUARY 11, 2018
EXCLUSIVE – German online lender Kreditech is making its way to India, Bank Innovation has learned. For this expedition, the fintech has teamed up with SaaS banking platform Mambu for providing short-term lending products specifically tailored to local consumers. Kreditech’s entry into the Indian market comes because of payment processor PayU’s involvement in the company […].
Chris Skinner
JANUARY 10, 2018
Things we’re reading today include: America’s Best and Worst Banks 2018 CFDs on bitcoin? You’re not sophisticated enough, says FCA No Brexit exodus from London, Page Group says as it chalks up record profit Digital banking overtakes branch use and may fuel more closures, warns UBS Bankers fear they will … The post Things worth reading: 11th January 2018 appeared first on Chris Skinner's blog.
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