Chris Skinner
JULY 4, 2018
Conservative MP Eddie Hughes has just written a 36-page white paper extolling the benefits of blockchain for Britain, which was published yesterday Unlocking Blockchain: Embracing new technologies to drive efficiency and empower the citizen, by FREER. FREER is a major new initiative from the Institute of Economic Affairs (IEA, a … The post MPs battle over blockchain appeared first on Chris Skinner's blog.
PYMNTS
JULY 4, 2018
Following the massive data breach at Equifax last year, the cybersecurity sector has flourished – and so have some of the investments that track the industry. The ETFMG Prime Cyber Security ETF, for example, has risen 18 percent this year, CNBC reported. The exchange-traded fund, which was founded in 2014, notched staggering returns of 31 percent following the Equifax data breach in 2017, twice that of the S&P 500 return during that same time period.
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Chris Skinner
JULY 4, 2018
Things we’re reading today include … Lloyds agrees to give MPs report into what it knew about HBOS Reading fraud Top bankers accused of avoiding responsibility for stopping money laundering City of London struggles to unite on post-Brexit regulation Exclusive: China presses Europe for anti-U.S. alliance on trade US-China trade … The post Things worth reading: 5th July 2018 appeared first on Chris Skinner's blog.
PYMNTS
JULY 4, 2018
Winnie – like so many tech innovations – started out as an attempt by its two co-founders to solve their own problems. And Winnie’s co-founders were something of a unique dynamic duo in Silicon Valley terms. Like many of their fellows, they were young, entrepreneurial and technology-minded. They also had resumes that included stints at a veritable catalog of tech headliners, including Twitter, Google, YouTube, Quora and Postmates (to name a few).
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.
Bobsguide
JULY 4, 2018
San Francisco-based Ripple has had meteoric success, many would argue off the back of the crypto hype but few can deny the possibilities of what the company was bringing to market: Remittance and international settlement in seconds - not hours or days. It has the correspondent banking world.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bobsguide
JULY 4, 2018
Visa’s recent systems outage prevented merchants from accepting credit card payments. End-users lamented the queues for petrol, groceries, and disruption caused by rejected Visa credit and debit cards. Sources reported that the Bank of England contacted Visa immediately. Large and small.
PYMNTS
JULY 4, 2018
Milestones like a 10-year anniversary often serve as times to reflect on past accomplishments. For those working closely on the U.K.’s Faster Payments system, that period of contemplation and consideration has arrived. Faster Payments has been busy over the past decade, processing more than 9.1 billion payments since first going live. It is used to transmit over 1.4 billion payments valued at more than £1 trillion ($1.32 trillion USD) each year, according to the system’s website.
Payments Source
JULY 4, 2018
Both South Korea and Japan, for example, are crypto-friendly countries, but they’re also cracking down on anonymous cryptos, citing money laundering risk, according to Bob Rutherford, CEO and founder of Hedge.
PYMNTS
JULY 4, 2018
New efforts in the IoT space are aiming to help payment-enabled wearables and devices come to market faster, and assist grocery stores to leverage their existing sensors and other in-store tech for deeper customer insights and tightly targeted, in-the-moment marketing. In the July Intelligence of Things Tracker, PYMNTS details the latest efforts from companies like Visa , Mastercard and Adobe to help businesses introduce new IoT applications and make better use of their existing connected tech.
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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
Bobsguide
JULY 4, 2018
The growing demand for corporate value-added services, rising customer expectations, and a dynamic global regulatory landscape coupled with structural changes in the financial industry and the increase of multiple payments-enabling technologies are contributing to the demand for the emergence of a.
PYMNTS
JULY 4, 2018
FinTech startups and big tech may provide competition for established banks that have bad loans on the books, The European Banking Authority (EBA) said on Tuesday (July 3). In addition, the EBA said banks might be burdened with old technology, Reuters reported. “This is particularly challenging for some large complex incumbents that have a very formal and slow governance structure, further restricted by legacy ICT systems or legacy non-performing assets,” the Authority said.
Payments Source
JULY 4, 2018
For stores that don't want such a high-tech makeover, options for automatic checkout options are being built on a much simpler foundation.
PYMNTS
JULY 4, 2018
The top court in India is keeping in place a ban that prevents banks, financial institutions and other regulated entities from providing services related to cryptocurrencies, Bloomberg reported. Chief Justice Dipak Misra led a bench that said the Reserve Bank of India’s directive will still stand. The central bank had told financial institutions to exit their cryptocurrency operations within three months in a circular dated April 6, which has been in effect since that date.
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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
FICO
JULY 4, 2018
For many years, bank fraud teams have had to worry not only about tackling fraud but also about the impact that security and fraud prevention measures have on their customers. We just completed a survey to ask thousands of consumers in the UK and US exactly what they think about those security measures and fraud processes that are designed to help them stay safe online.
PYMNTS
JULY 4, 2018
With a new experimental feature, Airbnb hosts will be able to get a partial payment soon after a guest makes a booking. But as of now, Airbnb is only testing the feature and it is not permanent, according to reports. While hosts on the site are normally paid one day after their guests check in, the new option allows for a much quicker payment. Invited hosts will now receive half of their payment three days after a guest makes a reservation.
The Paypers
JULY 4, 2018
(The Paypers) International Finance Corporation has announced the investment of 640 crore (USD 100 million) in Mahindra Financial Services.
PYMNTS
JULY 4, 2018
The ridesharing economy not only rewards gig workers and the companies that match them with riders. Auto repair shops and parts stores can also find ways to raise their profile and profit from the commerce trend. Take Arch Auto Parts , for example, which operates 12 locations in Brooklyn, Queens and suburban Long Island. Not only can Lyft , Uber , Via , Juno and other drivers earn 5 percent off purchases at those stores, but those workers who show proof of their ridesharing employments (via a sm
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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
JULY 4, 2018
(The Paypers) Ireland-based fintech company Fire has been authorised to provide services under recently-introduced European Union rules aimed at opening up banking.
PYMNTS
JULY 4, 2018
The B2B payments market is already enjoying a solid year, thanks to some of the biggest names in payments and FinTech taking a solid stance in the space. However, it wasn’t just the mergers and acquisitions of B2B finance players, or the enhancements of services to cater to corporates and small businesses, that grabbed the world’s attention this year.
The Paypers
JULY 4, 2018
(The Paypers) Airbnb has begun testing a new payments feature for hosts, letting them be partially paid out at the time of booking.
PYMNTS
JULY 4, 2018
When Papa Founder and CEO Andrew Parker first started developing the idea that would become his platform to match up seniors and college students, he wasn’t really thinking about starting a business. Mostly, he told PYMNTS for this week’s edition of Matchmakers, he was trying to solve a very personal problem. His grandfather – who he called Papa – had been diagnosed with early-onset dementia.
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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.
The Paypers
JULY 4, 2018
(The Paypers) On June 28, California governor Jerry Brown signed the California Consumer Privacy Act (CCPA) of 2018, which aims to give consumers ownership of their personal data.
PYMNTS
JULY 4, 2018
Cybersecurity firm ThetaRay has notched more than $30 million in a funding round, bringing its total fundraising to over $60 million. The company counts Bank Hapoalim, Jerusalem Venture Partners, General Electric, OurCrowd and SVB as investors, Reuters reported. The company, which offers early cyber threat detection through artificial intelligence and machine learning, plans to use the funds to grow in Asia, Europe and the U.S.
The Paypers
JULY 4, 2018
(The Paypers) EBA has published a thematic report on the impact of fintech on incumbent credit institutions' business models and one on the risks and opportunities arising for institutions from fintech.
PYMNTS
JULY 4, 2018
Today, of course, is the Fourth of July. And amid the banners, flags, hot dogs and fireworks … if you live in the U.S., you’ve probably got a little free time. The AC’s blowing, perhaps the beach read beckons. Rather than take a nap, here’s a thought. Today is also called Independence Day. Independence – as a rule, as a concept – means not following the herd, breaking free from what has always come before and forging new paths.
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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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