Abrigo

MAY 22, 2024

This article outlines some of the math behind small business lending and its profitability and suggests ways for banks and credit unions to better serve this important market while earning appropriate returns. At the same time, 59% pursued credit to meet operating expenses. A majority of applicants sought less than $100,000.

Lending 195

Lending St. Louis Community Marketing 195

PYMNTS

JANUARY 22, 2020

Nigerian digital payments startup Paga is expanding its operations with the acquisition of Apposit , a software development startup based in Ethiopia, as reported on Wednesday (Jan. incorporated but operates in Addis Ababa – to support that expansion into East Africa and Latin America,” the article indicated.

Software 130

Software San Francisco America Study 130

Celent Banking

FEBRUARY 24, 2017

This is the fifth article in a weekly series highlighting trends and themes from Celent’s Model Bank submission process. Operations and Risk. Legacy Transformation / IT Platform Innovations. Emerging Innovation. Another critical element of the digitization of these processes is speed. payroll services).

Innovation 114

Innovation Boston Technology Meeting 114

Abrigo

MAY 5, 2022

Would you like other articles like this in your inbox? Breaking Banks Breaking Banks , billed as the #1 global fintech podcast and radio show, began in 2013 and is hosted by media firm Provoke.fm. Weekly episodes highlight innovators and industry players driving innovation in the financial services industry.

Community 195

Community Lending Maine Resources 195

Chris Skinner

JULY 25, 2017

I really enjoyed a recent article on CGAP (the Consultative Group to Assist the Poor). Housed at the World Bank, CGAP’s mission is to improve the lives of poor people by spurring innovations and advancing knowledge and solutions that promote responsible, sustainable, inclusive financial markets. Then the internet happened.

ATM 274

ATM Bitcoin Retail blockchain 274

Insights on Business

DECEMBER 7, 2016

A recent article in The Globe and Mail , The biggest threat to banks? Legacy systems, not fintech (November 2016), by Mike Gardner seemed to go viral on my Twitter stream. Fintech experts weigh in. The attitude of “if it ain’t broke, don’t fix it”, might be leading banks to become their own worst enemy.

System 70

System Fintech Innovation Industry 70

Jeff For Banks

DECEMBER 27, 2022

Anxiety from insiders chiding them to innovate because this customer or that customer asked about some piece of technology their other bank has. For example, if you empower employees to present innovation ideas to your executive team or a committee, do so in a systematic way. Among bankers, there is anxiety. But what solutions?

Innovation 78

Innovation Fintech Conference Austin 78

South State Correspondent

AUGUST 10, 2023

In this article, we argue why banks should consider a modern core system in the form of a sidecar as part of their long-term strategy. While 57 banks, core systems, and fintechs will go live shortly, soon, the platform will see 3,000 financial institutions at least receiving money in real time. This stifles innovation.

System 195

System Examples Operations Data 195

Celent Banking

FEBRUARY 1, 2017

This is the third article in a weekly series highlighting trends and themes from Celent’s Model Bank submission process. Articles from this week on will explore some of the broader themes within each category. This is just a taste of what we’ll have in store at the 10 th annual Innovation and Insight Day on April 4 th in Boston.

Customer Experience 100

Customer Experience Branding Boston Innovation 100

South State Correspondent

OCTOBER 26, 2023

In this article, we detail our thoughts and the trends we saw last week in Las Vegas from a banking perspective in hopes of giving you the flavor and insight from the conference without you having to walk 10 miles per day and listen to endless vendor pitches. It’s a whirlwind of education, deal-making, eating, and hugging.

Conference 221

Conference Las Vegas Fraud Case Study 221

CFPB Monitor

AUGUST 13, 2018

A portion of the Treasury’s report entitled “ A Financial System That Creates Economic Opportunities, Nonbank Financials, Fintech, and Innovation ,” focuses on payments. ( See our legal alert for a discussion of other portions of the Treasury’s report.). Current payment methods. Recommendations. Noting the complexity in the U.S.

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Report Fintech Payments Regulation 60

South State Correspondent

FEBRUARY 20, 2023

Further, the competition is not just another bank that might make a loan or take a deposit, but it could be a credit union, insurance company, retail store, or a fintech. Scale, security, and innovation are all linked to better information technology design and implementation. We will write more on this topic in our next article.

National 195

National Lending How To Community Bank 195

South State Correspondent

MARCH 21, 2023

This article breaks down how you can use the ERC Assist product to generate deposits in an innovative way. The ERC Assist Program SouthState has partnered with SmartBiz, a fintech company, and several known CPAs and ERC processors to assist banks in processing ERC payments for their small business customers.

Taxes 195

Taxes Community Bank Community Operations 195

PYMNTS

DECEMBER 28, 2020

He also said Ant should secure a license to operate its personal credit business, offer more transparency about third-party payment transactions and not engage in unfair competition. Any FinTech disruptor, when it becomes so big, represents systemic risk,” he told Webster. Will Chinese Authorities Force Ant To Restructure? .

US 168

US Regulation Groups System 168

PYMNTS

OCTOBER 6, 2017

5), Alenka Grealish, senior analyst at Celent, penned an article for American Banker with a prediction: The small business (SMB) credit space is headed for a “shake-up.” Indeed, the remainder of 2017 and 2018 will see more partnerships between the banks and FinTechs.”. On Thursday (Oct.

Lending 152

Lending Capital Marketing Report 152

Bank Innovation

MAY 9, 2017

This is the first of a series of five articles on Open Finance in Europe. Much of the conversation at the minute oscillates between incumbents’ ability to deploy them effectively and what it means for the fintech world as product manufacturers. What is an API and why does everyone seem to be talking about them recently?

Data 191

Data Trends Industry Examples 191

Independent Banker

AUGUST 31, 2021

How do you navigate the constant churn of innovations or disruptors? The financial services industry is acting on this digital demand, incorporating fintech solutions, instant payments offerings and crypto banking products. Here are a few recent Independent Banker articles to read: Central bank digital currency. Faster payments.

Trends 91

Trends How To Payments Community Bank 91

Jessica Ellerm

DECEMBER 5, 2017

Whether that be simple automation hacks or better visibility between suppliers and buyers, a great procure-to-pay journey is just waiting for someone to innovate and own. Aside from the pain points, in Australia alone there are serious economic reasons why we desperately need innovation in this space. Isolate then innovate.

Fintech 65

Fintech Innovation Capital Report 65

Tech and Finance

FEBRUARY 13, 2016

Interesting account in Businessweek about how banks are patenting their processes and educating the patent office on how banks work so they don’t get clobbered by fintech firms taking out patents on business processes that have been routine for decades. Now banks have to fend of both fintechs and patent trolls.

Fintech 32

Fintech America blockchain Groups 32

Chris Skinner

JUNE 7, 2017

interesting that I found that article via Google. Banks are trusted stores of data about money, because they are insured and have a licence to operate from governments. Audi wins with a potential new client and the customer wins with a potentially new car, funded by a bank loan, all operated in real-time. Here’s the idea.

Data 251

Data Google Survey US 251

South State Correspondent

MARCH 7, 2024

In this article, we provide seven practical steps to prepare executives, technologists, and business line leaders for Copilot for banks and mitigate much of the risk. The uptake of this sophisticated technology is setting records at every turn from the pace of innovation to adoption. However, the technology is not without its risks.

Training 195

Training Data Tools Technology 195

Jessica Ellerm

NOVEMBER 26, 2015

Launched in March of this year, Semble is a partnership between EFTPOS provider Paymark, New Zealand banks ASB and BNZ and three of the largest mobile network operators; 2degrees, Spark and Vodafone. And if Xero are anything to benchmark Kiwi innovation and ingenuity against, the future for fintech in Aotearoa certainly looks bright.

Company 45

Company Fintech Lending Bitcoin 45

Abrigo

MARCH 24, 2021

Would you like others articles like this in your inbox? Meanwhile, businesses that flourished in the pandemic may look to expand operations. We’re not as in the dark about what’s happening, such as what it will cost to operate senior housing post-COVID-19. Here's what they're doing.

Lending 221

Lending Technology Survey Examples 221

South State Correspondent

JUNE 13, 2022

In this article, we explore why and how banks are starting to incorporate the “velocity of risk” into their risk management practices. One morning, President Trump tweeted his desire for an additional tax on all foreign-owned companies operating in the US. The velocity of risk is the time frame in which the risk may occur.

Risk Management 195

Risk Management Examples social media Management 195

PYMNTS

JULY 31, 2017

The statistic, the report said, also suggests that small businesses are in need of cutting-edge solutions and are eager to adopt innovative services as more small business owners emerge from the millennial generation.

Survey 112

Survey Community Bank Community Regional 112

Insights on Business

MAY 3, 2019

As the payments ecosystem in Canada continues to expand and evolve, IBM is looking forward to participating with industry leaders, innovators and challengers at the upcoming the Payments Canada Summit , taking place in Toronto on May 14-16, 2019. It will be interesting to hear from Jim Marous who is also speaking on a very interesting topic.

Payments 87

Payments Fraud Security Innovation 87

PYMNTS

FEBRUARY 24, 2017

In the last three years, between the FinTech and payments sector, 25 startups were founded. Los Angeles Mayor Eric Garcetti discussed his hopes for the city’s upcoming job fair in a recent TechCrunch article. Is there anything people may find surprising about operating a business there?

Los Angeles 116

Los Angeles Community California Industry 116

PYMNTS

MARCH 1, 2017

Needless to say, banks are feeling the pressure on all fronts to get their capabilities aligned with what the innovators around them are already providing. Managing costs and finding revenue opportunities within a low-interest rate environment is a huge challenge for banks, many of which can’t afford to take on the cost of innovation.

Payments 100

Payments System Fintech Regulation 100

Insights on Business

SEPTEMBER 8, 2016

Late last year, I read an article in the Financial Times that said there were three possible reasons for the turmoil in the worldwide banking industry: a blip induced by excessive regulation, a return to normal after an exceptional pre-crisis boom, or the slow death of banking. This is what I mean by operating at a strategically lower cost.

Study 70

Study social media Compliance Operations 70

Insights on Business

AUGUST 15, 2017

Today, the UBank team continues to challenge itself to think about what it can do next for its customers, but it’s not looking to drive innovation with more people. Without the shortcut of hiring more talent, the business has been challenged to become even more innovative and disruptive. A truly agile operating model.

Leadership 79

Leadership Case Study Innovation Online 79

Lex Sokolin

DECEMBER 19, 2019

You’ve heard me talk about how the trend of Fintech bundling, and the unicorn and decacorn valuations led by SoftBank and DST Global, are creating underlying weakness in the private Fintech markets. The WSJ article gave a few really interesting data points about how WeWork was positioning its revenue growth for each fundraise.

Company 52

Company Capital blockchain Marketing 52

Gonzobanker

MARCH 9, 2016

Between the dominant national banks in America and the hundreds of fintech startups aimed at disrupting our industry, there lies a group of resilient mid-size financial institutions. Here’s a simple way to visualize where an agile bank could play between fintech startups and behemoth banks: Fintech Disrupters Agile Banks Behemoth Banks.

National 60

National Innovation San Francisco Industry 60

NCR

JULY 14, 2017

Giving the entire global population access to banking services will require a collaborative effort spanning various channels and financial systems, from the most familiar to the most innovative. One significant trend that ensures cash will remain part of the debate around financial inclusion is innovation in the self-service channel.

ATM 80

ATM Industry Conference Bitcoin 80

Gonzobanker

DECEMBER 20, 2019

There is an understanding that technology and fintech are going to cause radical change, but the how, how big and when are still very unclear. It is an innovator with tech (e.g., Netflix co-founder Marc Randolph said the leading trait of an innovator is identifying pain. GonzoBankers, 2019 was a year of extremes.

Idaho 148

Idaho Conference Data Marketing 148

PYMNTS

JANUARY 15, 2018

With that access, the thinking goes, new market entrants can offer new services to end users, with eyes dually focused on innovation and costs. For other firms, such as FinTechs or telecommunications companies, “they must coordinate and provide access to multiple different interfaces or protocols.”.

CA 112

CA Bitcoin Data Security 112

Tomorrow's Transactions

FEBRUARY 5, 2016

This issue happens to have a very interesting article on the digitisation of banking, a subject of great current interest. The article goes on by noting that banks do not seem to be making as much of new technology as they might and that “what may prove to be more serious is the determination to cling to time-honoured procedures”.

blockchain 30

blockchain Regulation Technology Operations 30

Insights on Business

MARCH 12, 2019

Much of the debate and cause for concern has been a higher than expected increase to capital requirements and the effects that this increase can have on banks’ profitability and operations – especially for those that will not have the capacity to apply for internal models. Brute force optimization cannot be employed to solve this problem.

Capital 79

Capital Regulation Strategy Operations 79