Chris Skinner
JANUARY 21, 2019
I’ve got lots more to write about digital transformation and the things I’m learning from banks engaged in doing it but, to give you a break, I also have a couple of fantastic guest submissions which are worth sharing. Today’s share is from Simon Taylor, he of the blockchain fame … The post Will blockchain replace core banking?
PYMNTS
JANUARY 21, 2019
A new report has revealed that Fortnite’s in-game currency is being used to launder money from stolen credit cards. According to a report by The Independent and cybersecurity firm Sixgill , a hacker will access someone else’s credit card information, and then use it to create a Fortnite account and buy V-bucks, which is the game’s currency. Once the account fills up with V-bucks, it is then sold through a legitimate vendor like eBay, or on the dark web, for lower rates that the $10 for 1,000 gam
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Chris Skinner
JANUARY 21, 2019
Things we’re reading today include … UBS posts fourth-quarter pre-tax profit miss, sees bumpy road ahead European ETF trading increasingly automated as Mifid II takes hold Up to 25% wiped off house prices in some of UK’s wealthiest areas North-east England will be hit hardest by no-deal Brexit, says CBI … The post Things worth reading: 22nd January 2019 appeared first on Chris Skinner's blog.
PYMNTS
JANUARY 21, 2019
There’s a canary in the faster payments coalmine. It flew in on Dec. 14, the Friday before the week before Christmas, so you might not have noticed. That was the day that an advocacy group, Financial Innovation Now (FIN), submitted a public comment letter to the Fed in response to its proposal to create and operate a real-time payments system in the U.S.
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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
JANUARY 21, 2019
Many banks have been reviewing their branch networks over the last five years. In 2019 banks will continue to review their locations – relocating away from underperforming areas and into new spots of higher footfall and with more demand for banking services, such as out of.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
JANUARY 21, 2019
The use cases for faster payments are typically considered to be somewhat niche. But if any payment can be made in real time, why should full-time employees wait two weeks for every paycheck?
PYMNTS
JANUARY 21, 2019
Alphabet Inc.’s Google was hit with a $57 million fine Monday (Jan. 21) by a French regulator, in what the Wall Street Journal reported is the largest penalty under the new European General Data Protection Regulation (GDPR) privacy law. According to a report in the Wall Street Journal , France’s National Data Protection Commission fined Google, saying it didn’t do enough to get the consent of users when gathering data used for targeted advertising.
Payments Source
JANUARY 21, 2019
Protecting P2P and mobile transactions will mean employing fraud protection measures at enrollment and on an ongoing basis, throughout the customer and payment life cycle, writes David Barnhardt, executive vice president of product at GIACT.
PYMNTS
JANUARY 21, 2019
Business confidence remains strong in the U.S., riding on the optimism of a strengthening economy that brings new opportunity for revenue growth. This is particularly true for small and medium-sized businesses (SMBs), most of which are anticipating revenue growth in the year ahead, according to JPMorgan Chase research. The firm’s Business Leaders Outlook report, published earlier this month, found that the majority of SMBs expect revenue, sales and profit increases in 2019, with executiv
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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
Bobsguide
JANUARY 21, 2019
For buy-side firms, the need to manage operations with more efficiency has never been greater. Rising regulatory costs and fee compression driven by passive funds have caused asset managers to scrutinise every area of their processes like never before. The relationship between an asset manager.
PYMNTS
JANUARY 21, 2019
“Can we all just agree that real-time access to money isn’t going to be an option anymore?” said Ingo Money CEO Drew Edwards. That’s how Friday’s conversation between Edwards and Karen Webster started. Yet, according to the latest Disbursements Tracker , a collaborative effort between Ingo Money and PYMNTS, hurdles remain. The Tracker found that some 74 percent of business executives cited a lack of interoperability as a major inhibitor to their real-time payments adoption, along with the opera
Matt Wilcox Pro
JANUARY 21, 2019
We can expect wearables to play a major part in the digital payments arena. Which is all the more reason for bankers to lose no time in getting behind it. ——— APRIL 24 will mark the three-year anniversary of first day you could purchase an Apple Watch. That the first month of Q2 2015 had all [.
PYMNTS
JANUARY 21, 2019
Zwipe, the biometrics payment company, has raised $14 million in venture funding, reported TechCrunch. According to a report in TechCrunch , citing Zwipe, the funding came the way of a Series B round which was raised by an offering of 6 million new shares. According to TechCrunch about 2,300 investors participated ahead of a listing on Merkur Market, Oslo Bors.
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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.
ABA Community Banking
JANUARY 21, 2019
The company made two major acquisitions in 2018: MainStreet Technologies (MST) and Sageworks Feature Financial Trends Retail Banking Technology Branch Technology/ATMs Tech Management Community Banking Feature3 Fintech.
PYMNTS
JANUARY 21, 2019
Innovation is good, but flexibility and agility count, too — as does striking while it’s hot. Those are among the factors that drove the recent acquisition of Discovery Benefits, Inc. (DBI) , an employee benefits administrator, by financial technology services company WEX. In this week’s Monday Conversation from PYMNTS, Karen Webster spoke with WEX CEO Melissa Smith about the $425 million deal — expected to close in the first quarter of 2019 — and how it might fit with WEX’s other recent acqui
ABA Community Banking
JANUARY 21, 2019
Gen Z has introduced a new set of behaviors that are changing the dynamics within the banking and fintech space Financial Research Feature Financial Trends Technology Customers Branch Technology/ATMs Tech Management Feature3 Fintech.
PYMNTS
JANUARY 21, 2019
To help event organizers distribute tickets, online platforms are creating environments that efficiently work for buyers and sellers. “Our focus is all about enabling the best experience for both the event organizer and the attendee,” Ticketbud CEO Kayhan Ahmadi told PYMNTS in an interview. The Austin, Texas-based company provides software to organizers of large and small events.
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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.
ABA Community Banking
JANUARY 21, 2019
What was on top of the agenda at Davos this year? Concern over emerging technologies! The Economy Financial Research Feature Technology Risk Management AML & Fraud Tech Management Security Operational Risk Rate Risk Cyberfraud/ID Theft Feature3 Fintech.
PYMNTS
JANUARY 21, 2019
If recent patent applications are any indication, Apple could very well have some groundbreaking new products to debut. According to a report , the iPhone maker just patented a “finger-mounted device with sensors and haptics.” The device, which resembles a ring, is meant to connect with a smartphone or gaming console, and includes sensors and haptic feedback output devices.
Bankelele
JANUARY 21, 2019
The annual meetings of the World Economic Forum (WEF) take place in Davos Switzerland this week. The 2019 event will feature over 3,500 attendees from 115 “economies” (according to WEF) of who 118 are from Africa. Among this number, 57 are from South Africa, 16 from Nigeria, 13 from Kenya, 9 from Egypt, 6 each from […]. The post WEF Davos 2019 appeared first on Bankelele.
PYMNTS
JANUARY 21, 2019
With simple packaging that is nondescript by design and an ethos that values simplicity and quality above all, Brandless has made quite a name for itself in the short time it has been on the market since it was founded in 2012. CEO Tina Sharkey believes that while consumers certainly want high-quality goods, they are tired of paying what she calls the “brand tax” for access to them.
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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.
The Banker
JANUARY 21, 2019
The search for international companies looking to list and the boom in technology companies is making Asian stock exchanges more competitive, as they examine what differentiates them in the eyes of investors. Kimberley Long reports.
PYMNTS
JANUARY 21, 2019
Companies that want to go public during the first part of the year are hampered by a key roadblock: The month-long government shutdown has also shuttered the Securities and Exchange Commission (SEC), which usually works with companies for months before approving an IPO. Now, some companies are considering a little-known rule that could allow them to forego the SEC altogether, according to a report in The Wall Street Journal.
The Paypers
JANUARY 21, 2019
(The Paypers) There has been a surge in businesses buying specialist cyber insurance, however there are significant flaws in the majority of these policies according to a UK-based expert on insurance.
PYMNTS
JANUARY 21, 2019
Margrethe Vestager, the European Union’s top antitrust cop, is coming to the end of her term as antitrust enforcer, but not before she plans to release a report laying out a long-term plan to police the world’s largest tech companies. Vestager has tussled with many of the big name tech companies, including Google, Apple, Amazon and Facebook. Her term ends in October, so she’s working a report that will lead competition policies in the digital era, according to a report by the AP.
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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.
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