2017

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FinTech and the world of investment banking

Chris Skinner

Some people talk about FinTech disruption and how payments and banking is being attacked and unbundled by start-ups, but we often look at banking too simplistically. Global banks and investment banks are far more complex creatures than their high street counterparts, which is why we’ve seen far less disruption in … The post FinTech and the world of investment banking appeared first on Chris Skinner's blog.

Fintech 419
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Blockchain VC Fund Gets First Investors For New Ethereum-based ICO

Bank Innovation

The world’s first venture capital fund raised with digital coin offering has gained its first round of investors, including executives from Bloq and Civic. Blockchain Capital, the first venture capital firm to focus exclusively on DLT technology is offering digital tokens that represent a stake in the firm’s third fund. The tokens are held on the Ethereum blockchain […].

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Passport, the technology business for city transit systems, raises $43 million

PYMNTS

Passport, company that’s managing much of the technical aspects of how people pay to use public transportation resources in cities like London, Miami and Los Angeles, has just raised $43 million. The money, from Bain Capital Ventures, will go to help the company expand its payment and transaction services nationally and internationally. Read More.

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Oracle offers API to link banks to fintechs

Payments Source

Oracle Corp. is offering a payments application programming interface based on the ISO 20022 standard that will allow banks to more easily collaborate with fintechs and other third parties.

Fintech 167
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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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The top five ways that AI is transforming banking

Bobsguide

Mohit Joshi, President & Head of Banking, Financial Services & Insurance (BFSI) at Infosys. There was a time when every neighbourhood bank in North America and Europe was acquired by or merged with a larger institution. By 2000, global mega-banks offered fewer choices to consumers looking.

America 131

More Trending

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20 Great YouTube Channels for Math Teachers

NCR

December 28, 2017 For those of you teaching math, here is a collection of some of the best YouTube channels we reviewed this year. You can draw on these resources to access and find educational video.read more.

Resources 111
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The Future of AI: Smart Machines Will Save Us, Not Destroy Us

FICO

To commemorate the silver jubilee of FICO’s use of artificial intelligence and machine learning , we asked FICO employees a question: What does the future of AI look like? The post below is one of the thought-provoking responses, from Shafi Rahman , a principal scientist at FICO, working in Bangalore. The most memorable scene in the film 2001: A Space Odyssey is when HAL 3000 turns off the life-support functions of the crew in an attempt to keep itself from getting disconnected.

US 111
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Consolidation of challenger banks may shape the future of the industry

BankNXT

It's an interesting time to be a challenger bank, with mixed fortunes in an industry that's grown and matured. Devie Mohan believes consolidation is the key to future success. Consolidation of challenger banks may shape the future of the industry on BankNXT.

Industry 111
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Crash! Bang! Boom! How to add Google Drawings comic strips to your class

The Paypers

We (Cori and Matt) are betting that comics are a memorable part of your childhood, whether they were the color comic strips in the Sunday newspaper or comic books. If not, then it was probably animated comics — cartoons! They’re visual. They’re colorful. Adults and children alike flock to animated movies at theaters when they’re […].

Google 78
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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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Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Modern-day retail is at an inflection point as retailers face struggling physical storefronts, massive debt, and inefficient operations, among other issues. Formerly beloved brands such as Aeropostale, American Apparel, and PacSun bit the dust in 2016, and the pace of retail deaths has accelerated since then. In 2017 to date, we have seen 21 bankruptcies.

Retail 78
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How banks are getting around open banking and PSD2

Chris Skinner

Banks are scared. They’ve seen the rise of the new world of open APIs, apps and analytics and know that their organisations are not yet ready or fit to change to that world. What to do? Well, the easiest thing to do is to block access to the bank’s data. If third party FinTech firms cannot get access to the customer’s financial data, then you can severely limit what they can do.

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Milk Pricing in Kenya

Bankelele

Most supermarkets in Nairobi now have ATM’s/’bars’ which are machines where customers can bring their own containers and buy their own quantities of unbranded milk. Today at one ATM, milk was Kshs 80 compared to about Kshs 110-120 per litre (sold in half litre packs for 55/= or 60/=) for branded milk packs. But how […]. The post Milk Pricing in Kenya appeared first on Bankelele.

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Fintech Use Reaching ‘Mass Adoption’ Among Digital Consumers

The Financial Brand

The adoption of alternative fintech banking solutions is expanding globally, with payments and money transfer services being the most used.

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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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Everyone’s talking about APIs. Why?

Insights on Business

While looking at the predictions for the FinTech area for 2017, I started noticing that APIs were showing up again and again. As Jim Marous notes in his article, Top 10 Retail Banking Trends and Predictions for 2017 , “APIs were not even listed as a 2016 trend, but was #4 in 2017.”. The Let’s Talk Payments article, How APIs Are Obliterating Technology Challenges , suggests the phenomenal increase in APIs is because we are “used to getting what we want – instantly – and, whether you know it or no

Las Vegas 194
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The impact of AI on fintech's future

Bobsguide

It’s clear that artificial intelligence (AI) is already one of the defining trends in fintech in 2017 and an increasingly popular buzz word in the industry. Businesses are gradually understanding the importance and benefits of machine-learning technology. Self-made billionaire Mark Cuban.

Fintech 166
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Payments Banks in India: Challenges and Opportunities

Let's Talk Payments

The Road Less Traveled Reserve Bank of India (RBI) granted ‘in-principle’ approval to 11 payments banks in August 2015. By the end of 2016, three had already dropped and timelines.

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Redefining banking through AI and big data

NCR

The rise of the Millennials is creating a revolution in the economy. Banking isn’t exempt from the disruption caused by new technologies. This generation is open to solutions from outside the traditional financial system. Tech giants and start-ups get the credit of being able to create the necessary change. Artificial intelligence (AI) and data science will most likely be the fuel of the new approach to finance.

Big Data 111
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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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Explainable AI Breaks Out of the Black Box

FICO

Over the last 12 months or so there’s been incredible excitement about artificial intelligence and all of the amazing things it can do for us—everything from driving cars to making pizza (super-cool video!). But — and this is a big “but” — artificial intelligence comes with many challenges, including trying to decipher what these models have learned, and thus their decision criteria.

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When banks say ‘I do’ – an API love story

BankNXT

Leda Glyptis believes banks needn't be afraid of the API era. They should build a workforce that can deliver a future that's shared and interdependent. When banks say ‘I do’ – an API love story on BankNXT.

Data 110
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Why innovation and automation is the future of retail banking

Bobsguide

50 years ago, a new technology swept across banking, transforming the way that consumers interacted with their financial institutions and their money. The launch of the first ATM (or cash machine), in London by Barclays, heralded a new, consumer driven focus for retail banks, with customers deciding.

Retail 166
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Initial Coin Offerings: Hyper Glocal Discovery of Blockchain Businesses & Gamification of Investments

Let's Talk Payments

Initial Coin Offerings (ICOs) appeared on the horizon in the blockchain world with the first ever such issuance by a company called Mastercoin in 2013. The name has been changed.

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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.

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Customer Experience as a Competitive Advantage: How FinTech Startups Forever Changed User Attitudes in Banking

Let's Talk Payments

The evolution of the customer service in traditional banking was very slow during the past few decades. One of the milestones in that matter was probably the invention of the ATM.

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Millennials Boost Mobile Payment Use in 2016 – Infographic

Let's Talk Payments

A new infographic by Gray Owl Network shows that millennials boosted mobile payment use in 2016: 1. Most consumers and nearly all millennials are using their phones to shop online.

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Predicting the Near Future: Launching MEDICI’s FinTech Foresights Report

Let's Talk Payments

No, we are not talking about clairvoyance. LTP is known for breaking new grounds in terms of technology coverage in financial services. We wrote some of the early papers/posts on.

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Why WeChat Is the Swiss Army Knife of the Chinese Digital World

Let's Talk Payments

Chinese e-commerce colossus Tencent is an elephant in the room that is impossible not to talk about as the company surpasses Facebook in value after a blockbuster year that saw.

Company 111
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.