The Future of Fintech Video Series: Joust
Payments Dive
JANUARY 14, 2019
This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.
Payments Dive
JANUARY 14, 2019
This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.
Chris Skinner
JANUARY 14, 2019
I’ve been grappling with what sets apart the banks that I think are truly digital from the rest, and realised the other day that it is because they have digital to the core of the bank. They don’t just think the bank has to adopt digital or do digital, they … The post Set the people free appeared first on Chris Skinner's blog.
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PYMNTS
JANUARY 14, 2019
Africa as next great eCommerce frontier? The ingredients for a revolution in payments across the region, fueled by demographics and technology, seem to be there. In an interview with PYMNTs’ Karen Webster, Saqib Nazir, managing director of Africa at Emergent Technology delved into the ways the payments landscape across Africa is ripe for digital and mobile conduits, and a “cash light” mentality that focuses on the needs and desires of a burgeoning and youthful population.
Chris Skinner
JANUARY 14, 2019
Things we’re reading today include … Four former Barclays executives deny fraud charges ahead of trial Global economy fears grow as China and eurozone slump Pessimism clouds UK banking as demand for services drops Javid and Hammond team up to tackle £14bn of economic crimes Barclays on wrong side of … The post Things worth reading: 15th January 2019 appeared first on Chris Skinner's blog.
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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 Dive
JANUARY 14, 2019
This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
JANUARY 14, 2019
Mobile and digital users grew at Citigroup last quarter, with mobile growth outpacing overall digital growth, the bank reported today. The message in the earnings numbers released today is that mobile continues to outshine digital in terms of growth, and is the future of banking technology and user experience. To wit, globally, Citi has seen the number […].
PYMNTS
JANUARY 14, 2019
It’s almost burnt rubber time. The ecosystem for connected cars and trucks — and the retail and payment tasks they do and will support — is rapidly taking shape. Just look at the recent CES conference in Las Vegas. Among the announcements was a new partnership between Visa and SiriusXM Connected Vehicle Services, a subsidiary of Sirius XM Holdings, to launch an in-vehicle payment solution.
Bank Innovation
JANUARY 14, 2019
People are trying to declutter their phones as well as their homes -- is this a problem for standalone apps like PayPal-owned Venmo? “I don’t need Venmo when I can do the same thing on my phone with Apple Pay or Google Pay without needing an extra app,” Ralph Dangelmaier, CEO of payments platform company […].
PYMNTS
JANUARY 14, 2019
PayPal appointed Allison Johnson , a marketing veteran with over two decades of experience in her field, as the company’s new executive VP and chief marketing officer (CMO) on Monday (Jan. 14), according to a release by the company. Johnson will lead strategic marketing for PayPal and its associated brands, to help build on transformational work that the company says is already underway.
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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
Payments Source
JANUARY 14, 2019
There are many contenders working towards developing a universal digital ID system and away from static passwords. A group of credit unions is ready to see if its blockchain-based approach can serve a wider market.
PYMNTS
JANUARY 14, 2019
Every weekday, 135 million Americans get behind the wheel and drive 51 minutes, round trip, to and from work. Those 51 minutes haven’t exactly been considered the most productive time of those commuters’ days. However, as the latest PYMNTS Digital Drive Report — in collaboration with P97 Networks — noted, that thinking is becoming past tense. Rather than being trapped alone behind the wheel, consumers are using connected devices to connect to a whole new world of opportunities.
Bobsguide
JANUARY 14, 2019
Financial institutions need to improve data quality and availability not only to meet operational goals, but to contribute to core competencies in managing investment performance, reducing risk and meeting compliance goals. Our research shows firms are looking to adopt new and additional.
PYMNTS
JANUARY 14, 2019
Open banking shows no sign of diminishing in 2019. Several countries are already enacting open banking legislation, and the trend is even growing in the U.S. market, where FIs aren’t required to share their customer data. This could have sizeable impacts on small and medium-sized businesses (SMBs), which typically do not have their own treasury departments, and as such stand to benefit from real-time insights on their cashflow and liquidity positions.
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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.
Payments Source
JANUARY 14, 2019
Fragmented and manual AML processes pose a challenge to many institutions, contends Edmund Tribue, risk and regulatory practice leader for NTT.
PYMNTS
JANUARY 14, 2019
Bitcoin, the leading cryptocurrency, climbed somewhat from a decline below $3,500 over the weekend, which was its lowest level since Dec. 18. According to MarketWatch , in trading on Monday (Jan. 14), bitcoin was at $3,543.80, marking a 0.7 percent increase from where it was trading on Sunday at 5:00 p.m. EST on the Kraken exchange. It reached a low of $3,480 over the weekend, with one analyst citing security worries for the decline.
Matt Wilcox Pro
JANUARY 14, 2019
If Honda has its way, soon your car’s dashboard will offer more than air conditioning controls, music, maps, and a parallel parking assist. It will literally become a payment vehicle—pun intended. That’s thanks to Dream Drive, which Honda described in a recent press release as … … the automotive industry’s first integrated driver and passenger infotainment, commerce, services and rewards dashboards within the [.
PYMNTS
JANUARY 14, 2019
Paysafe Group has hired Mastercard’s Walt Macnee as an independent, non-executive director. Macnee currently serves as vice chairman of Mastercard where he has led multiple global growth initiatives, with a focus on financial inclusion for the billions of people around the world without access to basic financial services. Macnee founded the Mastercard Center for Inclusive Growth and is a director of the Mastercard Impact Fund.
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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.
Payments Source
JANUARY 14, 2019
One of the few bright spots in Ingenico’s sagging revenue performance last year was double-digit growth within its global e-commerce unit, where it’s been experimenting with chatbots.
PYMNTS
JANUARY 14, 2019
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest move by Amazon to attract more consumers in India, and the latest on a global ransomware attack. Goldman Sachs makes a cash management move, Panasonic prepares tech launches and FinTechs want more access. Amazon Pay India Users Can Get Cashback of Rs 1,000.
Payments Source
JANUARY 14, 2019
The information you need to start your day, from PaymentsSource and around the Web. Today: German court rules against Amazon Dash; Georgetown professor says shutdown's hurting fintech; Sandbox advances in Wyoming; Yapstone hires former Amazon Pay executive.
PYMNTS
JANUARY 14, 2019
Apple said it is bringing its Siri-enabled wireless smart speaker HomePod to China and Hong Kong this week, on Jan. 18, according to reports. The company made the announcement on Sunday (Jan. 13), saying the device is easy and fun to use for everyone in the family. “HomePod is the perfect wireless speaker for music lovers. It delivers an unmatched music listening experience with high-fidelity sound wherever it is placed, and creates a new way to discover and interact with music using Siri,” said
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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.
CFPB Monitor
JANUARY 14, 2019
The Cato Institute announced that it will hold a policy forum in Washington, D.C. on January 17, 2019 at which the topic will be “Promoting Fintech Innovation and Consumer Choice: The Role of Regulatory Sandboxes.”. The forum will feature Paul Watkins, Director of the CFPB’s Office of Innovation at the CFPB. He is expected to discuss the Bureau’s “BCFP Product Sandbox” proposal and proposed revisions to its no-action letter policy.
PYMNTS
JANUARY 14, 2019
UnionPay International, a subsidiary of Chinese financial services company UnionPay, is giving developers all around the world access to 18 of its mobile internet payment products, the company announced on Monday (Jan. 14). The service is an open platform called the UPI Developer. Through the application programming interface (API), developers can add UnionPay’s technical services into their own products and services.
CFPB Monitor
JANUARY 14, 2019
Last July, the OCC announced its decision to accept applications for special purpose national bank (SPNB) charters from fintech companies. At that time we observed that , while not discussed in the materials released by the OCC, it appeared that a fintech company holding an SPNB charter would be required to be a member of the Federal Reserve System and be subject to oversight as a member bank.
PYMNTS
JANUARY 14, 2019
CES is over, but it left a clearer impression of what’s coming down the road for the connected vehicle ecosystem, an emerging world that will run on payments and commerce. Look past the relatively fanciful, if very fun — Hyundai unveiled a walking car concept at the show, a vehicle that could help first responders save lives after a forest fire, earthquake, hurricane, flood or other natural disaster — and you will see a new ecosystem taking firmer shape.
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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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