Chris Skinner

JULY 5, 2017

I spend a lot of time talking with my friends in Turkey, particularly since the big change in climate after the protests last year. Nevertheless, from a financial markets point of view, it’s a fascinating place. One of the first to be contactless and, more recently, one of the first to offer social retail banking. If nothing else, I love Turkey for their cheesy adverts: In this latest update BKM, the ACH for most of the retail banks, provides the story of Troy, the first and only nation

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National Cards Innovation Payments 300

Bank Innovation

JULY 5, 2017

Machine learning and artificial intelligence have made waves in the lending space recently, but human underwriters are by far not out of the picture. That’s according to OnDeck’s Chief Financial Officer Howard Katzenberg. “What we want to do is be great at both the algorithmic and analytic part, as well as [maintain] a human element,” […].

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Analytics Lending Operations Online 299

Payments Dive

JULY 5, 2017

Mobile wallets, security and Alipay were just a few of the many discussions that took place at the recent conference in Copenhagen.

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Conference Mobile Security 344

Bank Innovation

JULY 5, 2017

Payments between individuals and companies will be a lot more mobile in the future, according to consumers. Turns out, the majority of consumers (who have grown used to being paid via direct deposit or electronic transfer anyway) believe that future payments between consumers and corporations will be exchanged via mobile app, according to a survey […].

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Mobile Survey Payments Company 281

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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

Lending

PYMNTS

JULY 5, 2017

The Hive Project, a company that uses cryptocurrency and Ethereum blockchain for trade financing , has launched its platform. The company announced Friday (June 30) that its portal is up and running to link SMEs to trade financing by turning unpaid invoices into tradable assets. Every invoice is assigned a unique fingerprint, the firm said, by tokenizing each bill and linking them onto the blockchain.

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cryptocurrency blockchain Lending Samsung 216

Chris Skinner

JULY 5, 2017

Things we’re reading today include … Deutsche Bank Makes Plans to Bolster Frankfurt Hub in London Retreat German banks pose a threat that politicians want to hide Hackers steal Bitcoin funds from Bithumb exchange traders Lloyds Bank overhauls top team as Antonio Horta-Osorio looks to the future Worldpay suffers reversal of fortune Worldpay unveils £9.1bn merger deal with US rival Vantiv Fewer City watchdog probes leading to further action, report shows EU and Japan promise to commit

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Bitcoin US Report 164

PYMNTS

JULY 5, 2017

For a chief financial officer (CFO), having technology — from ERP systems to cloud accounting and cash forecasting tools — has become paramount when deploying a successful growth strategy. But come reporting time, many of these solutions still aren’t replacing spreadsheets and can’t capture key information behind the data , according to Wouter Born, chief technology officer of software firm CXO Solutions.

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Data Analytics Tools Report 132

Bobsguide

JULY 5, 2017

According to the 2017 Retail Banking Trends and Predictions report, the top strategic priority for banking institutions around the world is improving customer experience. To achieve this goal, banks need to offer consumers the flexibility to engage via their preferred channels at their preferred.

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Banking Trends Customer Experience Trends Retail 111

PYMNTS

JULY 5, 2017

The Federal Reserve made news late last week when it released its newest data on consumer and business payment habits, assessed via data from 2015 compiled in 2016. According to Fed researchers, there were some significant changes in corporate payments activity between 2000 an 2015. The report, published Friday (June 30), found businesses wrote an average of 24.1 checks a month in 2015, down from an average of 66 per month in 2000.

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Payments Analysis Survey Fraud 127

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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

Report

Let's Talk Payments

JULY 5, 2017

The digital transformation of the financial industry is advancing at breakneck pace. Marcus – Goldman Sachs’ new online lending business – just recently announced that it already hit a $1.

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Regulation Fintech Lending Online 108

PYMNTS

JULY 5, 2017

Friction is something that I talk and write about a lot. Its abundance in payments and commerce is what inspires innovators to challenge a friction-filled status quo and create something new. But friction can also be what sidelines those who set out to eliminate one friction, only to create newer, more onerous ones in the process. I’m sure all of you have your favorite examples of those — and I’ve written about many of them.

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Boston Regulation Innovation Study 124

Let's Talk Payments

JULY 5, 2017

The cryptocurrency market is going through a unique moment in Brazil. In addition to the recent optimism with bitcoin and other cryptocurrencies, we have an exponential growth of the user.

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Bitcoin cryptocurrency Company Marketing 107

PYMNTS

JULY 5, 2017

Amazon continues to make strides in its innovative eCommerce business. The retail giant has shared news that it will be opening a robotics-based warehouse in South Florida in 2018. The 850,000-square-foot facility will be staffed by robots, with 1,000 human workers handling operations. In addition to its Miami-Dade locations, this new warehouse project comprises one of the largest warehouses south of the city of Tampa.

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Tampa Miami Florida Retail 124

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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.

Lending

Payments Source

JULY 5, 2017

Transaction laundering is gaining steam, and since it uses familiar payment technology, it can be easier to use than virtual currency, write Ron Teicher of EverCompliant.

Bitcoin 83

Bitcoin Technology Payments 83

PYMNTS

JULY 5, 2017

In April 2016, IT solutions company Cisco Systems and car manufacturer Hyundai Motor Company entered into a connected car partnership. With a shared goal of moving toward marketplace proactivity in terms of fulfilling customer demand, the partnership will allow the companies to cater to — and possibly even shape — drivers’ desires before they arise.

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Data Technology Industry Branding 121

NCR

JULY 5, 2017

Finding the right balance between physical and digital channels and approaches to banking is crucial for providers wanting to guarantee the highest possible levels of satisfaction for their customers – particularly in the millennial age group. That point was underlined in the latest US Retail Banking Satisfaction Study from J.D. Power, which emphasized that the branch and physical channels still have a key role to play in our modern era of mobile and digital banking.

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ATM Millennials Customer Experience Tools 81

PYMNTS

JULY 5, 2017

Innovation is both genesis and lifeblood for companies, especially within the payments space. Finding new ways to transact here, there, everywhere and at any time can both satisfy a consumer need and a profitable provider niche, but as our latest Commander in Chief installment with Applause CEO Doron Reuveni explores, agility is key. PYMNTS: How would you define Applause’s approach to innovation?

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Innovation Customer Experience Mobile Security 121

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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.

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Payments Source

JULY 5, 2017

Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Worldpay an expensive acquisition; Square lands D.C. taxi contract; Ant pushes "no cash" in China; Big fintech lobby group forms in U.K.; Sony streamlines wearable NFC.

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Groups Fintech 69

PYMNTS

JULY 5, 2017

Dealmaking in the United Kingdom may be getting a boost in the wake of Brexit and in the wake of the fall in the pound. In the payments arena, Worldpay may be the beneficiary of both currency moves and strategic intent from some of its U.S. peers, eyed as a takeout target in a world where digital payments are gaining traction. U.S. multinational banking and financial services holding company JPMorgan Chase has reportedly made an early-stage bid for the acquisition of U.K. payment company Worldpa

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Payments Mobile Cards Course 117

Payments Source

JULY 5, 2017

The deal partners said the cost savings opportunities and international reach presented by the combination were appealing, and JPMorgan Chase said it won’t make a bid after being invited to consider an offer.

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Payments 61

PYMNTS

JULY 5, 2017

Picture this: a customer walks into a café. The barista recognizes her face and asks if she’d like the usual. No need to go through the “double venti wet cappuccino with soy and four pumps of pumpkin spice” rigmarole; the barista knows the order by heart and even recommends products that would go well with the customer’s order. Also, the barista is a computer.

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Trends Connecticut Industry Technology 112

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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.

Compliance

Bussman Advisory

JULY 5, 2017

By Oliver Bussmann and Florian Herzog. When the blockchain first arrived on the scene, people concentrated on its potential to disrupt the financial services industry. This included banks and other financial services players, who for several years now have been intensely studying and pondering the implications of this new technology for their businesses.

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blockchain Industry Innovation Policies 70

PYMNTS

JULY 5, 2017

Ride-hailing company Uber was recently dealt a difficult blow: A European Union (EU) court adviser paved the way for France to charge local Uber managers with running an illegal taxi service. According to a news report in Reuters , the opinion is non-binding. This prompted Uber to say it only applied to a service known as UberPOP, which used unlicensed drivers and has already been halted in France. .

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Management Exercises Operations Software 109

Bobsguide

JULY 5, 2017

The team behind PaymentEye and bobsguide is proud to present the 2nd edition of Payments [R]Evolution magazine. First released at Money20/20 Europe last month, the magazine addresses key issues in banking, forming strategic collaborations, the rise of challenger banks, and the future of the.

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Payments 60

PYMNTS

JULY 5, 2017

In its latest effort to keep up with its American big brother Amazon, China’s eCommerce giant Alibaba has announced the debut of its own smart home speaker. With this addition, each of the Frightful Five will have its own voice-controlled speaker: Amazon with its Echo family of devices; Google with the Home speaker; Apple with its new HomePod; Microsoft with the Cortana-powered Invoke speaker; and now, Alibaba, with its as-yet unnamed voice assistant and device.

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Google social media Apple Report 108

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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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