Payments Dive
SEPTEMBER 22, 2016
FIs and payment processors have a major opportunity to collaborate with FinTech pioneers such as Moneymailme to serve the growing market for mobile social media money transfers.
Chris Skinner
SEPTEMBER 22, 2016
I haven’t blogged about InsurTech much, as this is a banking blog, but having started life in the insurance industry I guess it’s time to shine a light on this corner of the financial world. My first hearing about InsurTech, or InsTech if you prefer, was in a US conference a couple of years ago … The post InsurTech: changing the world of risk appeared first on Chris Skinner's blog.
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Bank Innovation
SEPTEMBER 22, 2016
A new report says artificial intelligence and IoT are going to transform fintech before blockchain, which still has some growing up to do. The rise of AI and the Internet of Things (IoT) is happening rapidly—and according to a Forrester Research report released earlier this month, these are the two technologies that Read More.
South State Correspondent
SEPTEMBER 21, 2016
Of all the top performing banks, the one that we are most envious of and follow the most closely is Live Oak Bank. Chip Mahan and his team of high performers have reverse engineered the best parts of banking. The result is a radically altered business model that achieves performance through its simplicity – profitable products to profitable customers.
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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
SEPTEMBER 20, 2016
Kristian Gjerding, CEO of CellPoint Mobile, writes in his latest Mobile Payments Today blog post about what airlines need to consider when it comes to incorporating mobile payments into their apps.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
SEPTEMBER 20, 2016
Some people seem to think blockchain is the best technological advancement humanity has come up with since the wheel. Certainly, one can’t deny that blockchain or distributed ledger technology has an intriguing amount of potential. On the other hand, making that potential actionable takes a house of engineers, resources, and Read More.
PYMNTS
SEPTEMBER 22, 2016
If recent emerging reports are accurate, the team at Yahoo is about to bring new meaning to the phrase “having a tough morning.” Yahoo is apparently on the verge of reporting a massive data breach of its service — a giant hack that has exposed the data behind hundreds of millions of user accounts. At this point, that is about all that is known on the hack: Several sources close to the situation were not able to say much more about it other than commenting on its scale and the fact th
Payments Dive
SEPTEMBER 22, 2016
Sirpa Nordlund, the executive director at Mobey Forum, catches up with Jordi Guaus, head of digital marketing at CaixaBank, to get the inside track on imaginBank, its new mobile-only proposition.
Chris Skinner
SEPTEMBER 21, 2016
During recent months, I’ve enjoyed a real ding-dong of conversations between Europeans, Asians, Americans and Brits about FinTech and, to be more specific, RegTech. RegTech is a couple of years in catch-up with FinTech, and is all about how to use technologies to make regulations more efficient and effective. The claim is that the UK … The post RegTech: Brother in Arms with FinTech 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
Bank Innovation
SEPTEMBER 21, 2016
A new report released today by Roubini ThoughtLab holds quite a few insights about the future of wealth management, the future of fintech, and the future of technology, most notably the conclusion that financial institutions with strong brand awareness will be the last ones standing by 2021–not fintechs. According to Read More.
PYMNTS
SEPTEMBER 19, 2016
Meet the newest factory worker: the fraudster. In the latest iteration of the Meet The Fraudster Podcast Series, Forter fraud analyst Gilit Saporta takes PYMNTS inside another class of cybercriminals, those known simply as the “factory fraudsters.”. The name conjures up, as Karen Webster noted, rows of workers populating a literal factory floor, with activity humming day in and day out — in this case, on the prowl to lure merchants into fraudulent transactions for goods to be sent, yet no legiti
Payments Dive
SEPTEMBER 23, 2016
A panel at this year's Bank Customer Experience Summit brought together some college students from the University of Chicago to discuss how they view today's financial services.
Chris Skinner
SEPTEMBER 20, 2016
Many of the people I meet believe that bitcoin is bad and will fail. It’s rare to meet anyone who says that it could change the world and will succeed. But I’ve found one and he happens to have written a very good blog about it: Akin Fernandez, Entrepreneur Developer of Azteco. It’s a long read, … The post Are you a bitcoin denialist?
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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.
Bank Innovation
SEPTEMBER 20, 2016
With the launch of iOS 10 on Sept. 13, new payment functionality was enabled for Siri, iOS’s voice-activated virtual assistant, and iMessage, Apple’s text-based messaging platform. The first wave of payments apps on Apple’s newly platformized apps are: Venmo, the P2P payments platform from PayPal; Square Cash, from mobile payments service Read More.
Finer Points
SEPTEMBER 20, 2016
Every now and then we have the chance to stand up for what’s right against powerful forces. As the legacy of a group of colonists who stared down and defeated the world’s greatest empire, it’s virtually our birthright as Americans. So in some ways ICBA’s federal lawsuit against the National Credit Union Administration for its […].
PYMNTS
SEPTEMBER 23, 2016
Internet of Things technology has been credited with saving people time and money in recent years, but potentially helping parents save their baby’s life? Sudden infant death syndrome (SIDS) claimed the lives of about 1,500 babies in 2014, according to the CDC , and is among some of the most serious concerns first-time parents may have for their newborn.
Chris Skinner
SEPTEMBER 23, 2016
Building on yesterday’s InsurTech theme, I remember being taught the principles of insurance some years ago. A key difference between insurance and any other business is that it is seller beware rather than buyer beware. This is why the industry is built with a principle called uberrima fides rather than caveat emptor. Uberrima fides is … The post Next generation insurance and the future of humanity 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.
Bank Innovation
SEPTEMBER 19, 2016
It is always doubly upsetting to see vulgar business behavior from a seemingly platinum-plated brand. We have certainly been among those that have lauded Wells Fargo & Co. in the past, praising its lab and innovation practices, its mobile banking growth, had its executives speaking at our events, and even named Read More.
Insights on Business
SEPTEMBER 23, 2016
How much money should I save and how should I invest my savings in order to retire comfortably? Financial advisors and wealth managers hear this question regularly. Yet, answering this common and seemingly simple question isn’t easy. In fact, the most experienced investment advisors say it is a delicate and onerous process because the response is different for everyone and changes with market expectations and life events.
PYMNTS
SEPTEMBER 19, 2016
Facebook is trying hard to stamp its ground in the mobile space. In March 2015, Facebook Messenger began accepting payments. This marked the first P2P payments system within a communication platform. Facebook hired Paypal’s David Marcus to lead the charge, and Forbes predicted that Facebook’s revenues from payments would soar. In 2010, Facebook offered Facebook Credits, with which users could buy virtual goods in games, and created a subsidiary to manage the payments.
Chris Skinner
SEPTEMBER 18, 2016
Here are our key posts for the past week … Do banks need a CIO? I was talking with a technology firm the other day. They offer everything from cloud to core systems. Their issue is that the competition wins every time. Not IBM. Not Accenture. Not TCS. Not FIS. Not SAP. Not any of … The post The Finanser’s Week: 12th September – 18th September 2016 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.
Bank Innovation
SEPTEMBER 19, 2016
The most talked-about companies at Finovate Fall 2016 weren’t even presenting on the stage at the New York Hilton last week. But they represent everything fintech innovators love to love and love to hate: The Succesful Disruptor and The Evil Bank. If Amazon was the North Star — a beacon of simplicity — Read More.
Insights on Business
SEPTEMBER 17, 2016
As my IBM colleagues and I prepare for next month’s Sibos in Geneva, I’m reminded of the saying: “The best is the enemy of the good.” Its roots go back to an Italian proverb, but it was popularized by the French philosopher, Voltaire. Perhaps nowhere does this saying apply as well as it does to the growing interest and adoption of blockchain technology in the global banking industry.
PYMNTS
SEPTEMBER 20, 2016
The payments industry is a fairly large pie, but the way things are currently set up is skewed to favor larger vendors and businesses — a $4 trillion industry in the U.S. alone. Of that $4 trillion pie, the U.S.’s 7.2 million small businesses make up about 26 percent of the overall payments industry but are responsible for 79 percent of its total fees.
Gonzobanker
SEPTEMBER 20, 2016
If you’ve ever attended a Finovate conference (now in its 10 th year of existence), you know that it’s truly a firehose of information, an assault on one’s ability to comprehend and process anything, as 70 companies present their spiels in seven-minute spots. Then there are the nearly 1,500 attendees walking around, making it nearly impossible to get close to the coffee.
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