Bank Innovation
DECEMBER 24, 2019
If 2019 was the year of the challenger bank, 2020 will be the year payments companies move closer to bank territory. Marqeta, the card issuing and processing startup supporting the capabilities of large companies like Kabbage and Square, sees 2020 as a big year for payments companies branching out into banking. Marqeta sees major opportunities […].
PYMNTS
DECEMBER 24, 2019
Past is prologue. For the annual holiday exercise at PYMNTS (describing the 12 main or most exciting ways to pay in 2019), it is clear that what has happened this year will have big implications for the new decade. Here are the 2019 payment trends that made the biggest splash, and promise to make even bigger splashes in the new decade. #1: Voice — And Now, With Emotion.
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Bank Innovation
DECEMBER 24, 2019
Financial technology startups will enter the next decade with a little more street cred than the last time around. Nearly 60 upstarts focusing on financial services — from Stripe Inc. to Chime Inc. to Plaid Inc. — have garnered valuations of more than $1 billion in recent years, according to CB Insights. Personal loans — a […].
PYMNTS
DECEMBER 24, 2019
The People’s Bank of China said that China’s cryptocurrency, the digital yuan, will not need a currency basket to keep its value, according to a Monday (Dec. 23) report by Coindesk. Changchun Mu, head of the PBOC digital currency research subsidiary, shared the news at the China Finance Association Academic Annual Meeting, and China Finance Forum Annual Meeting in Beijing. .
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Payments Source
DECEMBER 24, 2019
With the cost of processing business transactions remaining stubbornly high, a number of U.K. fintechs are working to facilitate Open Banking payments, a method which could soon enable consumers and businesses to make faster payments at a lower cost.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
DECEMBER 24, 2019
Wearable payments in Brazil; Google improves facial biometrics; and other information you need to start your day, from PaymentsSource and around the web.
PYMNTS
DECEMBER 24, 2019
To separate hype from hope, and to separate both from reality…. To quote a line from the Watergate scandal movie, “All the President’s Men:” Follow the money. And for blockchain, a few warning signs have been flashing that all may not be as rosy as some observers may have hoped, had wanted. And so, for a jumping-off point to examine whether the peak has been seen: Follow the money.
Payments Source
DECEMBER 24, 2019
In the same manner as customer-interaction tools can integrate into a point-of-sale terminal, NCR Corp. is ready to turn the POS screen into a virtual business office.
PYMNTS
DECEMBER 24, 2019
In its ongoing attempts to fix its privacy standards, Facebook will no longer use phone numbers to determine who one sees on their “people you may know” list, according to Reuters. The move is an attempt by the company — which has been dogged by privacy scandals for years now — to correct misuses of peoples’ data. When it was revealed last year that Facebook was using peoples’ personal phone numbers for two-factor authentication for advertising, privacy advocates were outraged, sayin
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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 Source
DECEMBER 24, 2019
Consumers face significant risk if this highly personal information is exposed, says Mitek's Stephen Ritter.
PYMNTS
DECEMBER 24, 2019
Nike ’s new shoe featuring former Quarterback Colin Kaepernick sold out on its first day, according to CNBC. The ‘True to 7’ shoe, this year’s installment of Nike’s Air Force 1 shoe, features Kaepernick’s image in an embroidered portrait on the shoe’s heel tab, as well as a reflective swoosh and Kaepernick’s logo on the tongue. It goes for $110. Kaepernick was let go from the National Football League (NFL) after kneeling during the national anthem to protest police brutality and systemic racial
American Banker
DECEMBER 24, 2019
New CEO Tim Wennes is counting on soon-to-launch digital offerings to boost consumer loans and deposits and playing up Santander's international reach in a bid to win over middle-market and corporate clients.
PYMNTS
DECEMBER 24, 2019
With the worldwide use of Facebook’s Libra, as well as other stable coins, the international development of China’s yuan could be hampered. Also, they could lead to fluctuating asset prices and weaken the impacts of capital controls, Reuters reported, citing the central bank’s vice governor, as reported by Xinhua. In a separate report , Changchun Mu, who leads the People’s Bank of China’s (PBOC) digital currency research subsidiary, noted that the digital currency of China will not r
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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
American Banker
DECEMBER 24, 2019
It can be a painful process for a bank to go digital, but there are ways to ease the transition.
PYMNTS
DECEMBER 24, 2019
In a recent series of attacks, security researchers claim they have found indications that a hacking group linked to the Chinese government has been going around two-factor authentication (2FA). The attacks have been attributed to a group known as APT20, which is thought to operate at the behest of Beijing per a report from Dutch cybersecurity firm Fox-IT, ZDNet reported.
American Banker
DECEMBER 24, 2019
Paul Murphy took full responsibility for a recent spike in charge-offs at the Houston company. His challenge in 2020 is keeping credit issues in check.
PYMNTS
DECEMBER 24, 2019
Chinese eCommerce company JD.com Inc.’s logistics unit is in early discussions with various banks about a potential initial public offering (IPO) that could raise $8 billion to $10 billion, according to sources close to the matter, Reuters said. JD Logistics is aiming for a valuation of at least $30 billion, according to the sources, who declined to be named, said published reports on Monday (Dec. 23).
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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.
The Paypers
DECEMBER 24, 2019
(Telecompaper) We’re taking a short break between the 26 th of December 2019 until the 3 rd of January 2020.
PYMNTS
DECEMBER 24, 2019
With the decade inching towards its conclusion and shoppers making their last-minute purchases, Mattel CEO CEO Ynon Kreiz says the last holiday toy shopping season of the 2010s has been about “big franchises” and “big brands.” This happens to the case for the company’s legendary Hot Wheels and Barbie brands, in particular, CNBC reported Monday (Dec. 23).
Vitalik Buterin
DECEMBER 24, 2019
Since it's Christmas time now, and we're theoretically supposed to be enjoying ourselves and spending time with our families instead of waging endless holy wars on Twitter, this blog post will offer some games that you can play with your friends that will help you have fun and at the same time understand some spooky mathematical concepts! 1.58 dimensional chess.
PYMNTS
DECEMBER 24, 2019
Electric vehicle (EV) startup Rivian confirmed on Monday (Dec. 23) that it closed a successful funding round at $1.3 billion. The lead investor was T. Rowe Price , but included existing investors Amazon and Ford , according to Reuters. This latest funding round, which also included BlackRock, is Rivian’s fourth this year, positioning the company as one of the strongest competitors in the electric vehicle manufacturing market, in which Tesla is the legacy player.
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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.
PYMNTS
DECEMBER 24, 2019
PYMNTS doesn’t just cover the news. We regularly feature podcast conversion with the leading experts, executives and entrepreneurs involved in transactions and commerce and all the related areas in between. And 2019 was no exception. Whether the subject was banking apps or the Internet of Things or global trends — or a host of other vital issues — our podcast discussions contained insight about the present and clarity about the future.
PYMNTS
DECEMBER 24, 2019
With a specialized model of its TrulyNatural vocabulary speech-recognition and natural-language-understanding platform, Silicon Valley firm Sensory unveiled the release of its domain-specific assistant for smart appliances. The technology will help manufacturers make a new wave of smart kitchen appliances that don’t send voice requests to the cloud, the company said in an announcement.
PYMNTS
DECEMBER 24, 2019
Exceeding forecasts , Dec. 21, the last Saturday shopping day before Christmas 2019, has been confirmed as the single biggest retail sales day in U.S. History. According to retail research firm Customer Growth Partners, consumers on Super Saturday spent a total of $34.4 billion and that exceeded 2019 Black Friday sales by 10 percent. “Paced by the ‘Big Four’ mega-retailers — Walmart, Amazon, Costco and Target — Super Saturday was boosted by the best traffic our team has seen in years,” Craig Jo
PYMNTS
DECEMBER 24, 2019
To see whether its internet services could work if it were to be separated from the worldwide internet, Russia conducted a series of tests. The review occurred during multiple days on networks that were specially designated, Reuters reported on Monday (Dec. 23). The review comes after a “sovereign internet” bill in response to what the country refers to as the “aggressive nature” of the national cybersecurity strategy of the United States.
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Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.
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