Chris Skinner
JANUARY 30, 2020
FinTech investment numbers are variable dependent upon how they are counted. The number I’ve been using for most of last year is that headline amount of $111.8 billion invested worldwide in over 12,000 start-ups. That number came from KPMG in 2019, who noted that most of that investment was flowing … The post London is still the major European FinTech centre appeared first on Chris Skinner's blog.
Bank Innovation
JANUARY 30, 2020
Citibank will try to connect investors with neighborhoods in need through City Builder, a new digital tool launched last month. The searchable web platform allows investors to research and invest in “opportunity zones,” or areas in need of economic development, where investors get tax breaks for investing their capital gains. “It’s a market-driven approach to […].
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Chris Skinner
JANUARY 30, 2020
Things we’re reading today include … US banks placed on Hong Kong ‘list of shame’ over IPO date error What ancient Rome may teach on post-Brexit tourism Goldman Sachs bets the firm on a new identity U.S. SEC Commissioner defends proposal on shareholder voting rules Europeans make record investments in … The post Things worth reading: 31st January 2020 appeared first on Chris Skinner's blog.
Bank Innovation
JANUARY 30, 2020
More and more retail and commercial customers are demanding a seamless banking experience. And it’s not just the centennials and millennials; Gen Xers and baby boomers also want immediate access to bank products and services. Financial institutions will need to leverage technology to meet these expectations if they want to retain existing customers and attract […].
Advertisement
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
PYMNTS
JANUARY 30, 2020
Self-driving vehicle company Aurora has been approved by California regulators to allow passengers rides in its fleet of driverless vehicles, according to reports. The California Public Utilities Commission ( CPUC ) granted the company an official authorization, showcased on the official Aurora website. “This permit lets us give rides powered by the Aurora Driver and shows that we’re committed to being good partners to California and the Commission,” an Aurora spokesperson said.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
JANUARY 30, 2020
Visa ’s fiscal first-quarter results showed an acceleration of cross-border volumes, while contactless payments continued to gain ground in the U.S. and beyond. Headline results showed earnings per share of $1.46, which missed consensus by a penny. Net revenues of $6.05 billion were up 10 percent year on year and were also lower than consensus, which was $6.08 billion.
Bank Innovation
JANUARY 30, 2020
Melissa Stevens, chief digital officer and head of digital and design at Fifth Third Bank, will attend and speak at Bank Innovation Ignite event on March 2-3 in Seattle. She will share insights and perspectives on digital customer experience in a dynamic one-on-one fireside chat at the conference. “I’m excited for the energy at Ignite […].
PYMNTS
JANUARY 30, 2020
Farfetch, a luxury technology platform, has raised $250 million from Tencent and Dragoneer through the sale of convertible senior notes, according to a release. Tencent is a global technology company based in Shenzhen, China, and Dragoneer is an investment firm based in San Francisco. Each company will purchase $125 million of the notes. “I am pleased to have Tencent and Dragoneer as part of the Farfetch investor base.
Bank Innovation
JANUARY 30, 2020
Visa Inc. said the incentives it hands out to banks and retailers will climb faster than revenue and are on track to be at the high end of its targeted range for 2020. Visa last year renewed its longtime partnership with JPMorgan Chase & Co., and has been spending more on rebates designed to encourage […].
Advertisement
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 Dive
JANUARY 30, 2020
PayPal shares fell Thursday after the company warned that a slew of recent acquisitions would put a slight dent in near-term forecasts. The payments firm has been on a tear recently, including the $4 billion acquisition of Honey last fall.
Bank Innovation
JANUARY 30, 2020
PayPal reports that peer-to-peer payments tool Venmo is on a path to profitability. In a fourth-quarter earnings report Wednesday, PayPal CEO Dan Shulman told investors the company is pushing ahead on its Venmo monetization strategy. Key enablers include Pay with Venmo, which allows consumers to use the tool to pay at millions of e-commerce sites. […].
PYMNTS
JANUARY 30, 2020
PayPal put on a strong finish to 2019, managing to beat analyst estimates nearly across the board in terms of revenue, active usership and total payments volume processed. However, despite a solid holiday quarter, the digital payments giant found stock trading concerns about its Q1 forecasts. Chief Financial Officer John Rainey commented that there are some concerns about economic uncertainty to warrant caution, despite trends currently remaining strong.
Payments Source
JANUARY 30, 2020
Given the Super Bowl's large audience of consumers and the ability to sway their future spending habits, businesses spend millions of dollars for the opportunity to air a 30-second TV commercial.
Advertisement
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.
PYMNTS
JANUARY 30, 2020
A breach of India’s SpiceJet, one of the country’s biggest independent airlines, exposed the data of more than a million passengers, per a report on Thursday (Jan. 30), citing a security researcher. The cyberattack exposed records that included passengers’ names, contact information and birthdates, the researcher told the news outlet. Some of the affected customers were said to be authorities.
Payments Source
JANUARY 30, 2020
PayPal reported strong growth in revenues, earnings, payments volume and users, demonstrating as the company has finally transitioned away from the vestiges of its former eBay ownership.
PYMNTS
JANUARY 30, 2020
Cloud technology has lost some of its mystique in recent years, and consumers’ improved understanding has led to a boost in demand. The cloud computing services market was expected to see 17.2 percent growth and reach a global value of $200 billion by the end of 2019. The final figures have yet to be tallied, but it is clear such tools and software are viewed as essential to quickly transferring data.
Payments Source
JANUARY 30, 2020
Competition between hundreds of national and global payment systems forces everybody to continually adapt, up their games, culling weaker and underperforming systems and inviting the search for better mouse traps, says Intrepid Ventures' Eric Grover.
Advertisement
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.
PYMNTS
JANUARY 30, 2020
Widely publicized data breaches and hacks have made today’s consumers especially concerned about fraud. Cautious shoppers may find comfort in debit, with fraud losses associated with the payment method declining over the past several years. This payment rail’s use is going strong in the United States, with debit card penetration reaching 78 percent in 2018.
BankBazaar
JANUARY 30, 2020
What if we tell you that you don’t need to run from pillar to post or spend a lifetime in queues to get a Credit Card or a Personal Loan? It’s possible if you’ve been pre-approved. Find out how. . Thanks to websites like BankBazaar, it is now possible to get a Credit Card or a Personal Loan without running from pillar to post or drowning yourself in paperwork.
PYMNTS
JANUARY 30, 2020
Virtual credit cards are one of the more flexible electronic payment methods available, and the world continues its steady march toward greater digital payment use. These 16-digit credit card numbers are created for one-time purchases at set amounts, and the convenience, security and speed they provide are allowing them to take hold in the B2B payments space.
CFPB Monitor
JANUARY 30, 2020
The CFPB announced that the following individuals have joined its executive team: Susan M. Bernard will serve as Assistant Director for Regulations in the Research, Markets and Regulation Division. Before joining the Bureau, she served as the Director of the Office of Regulations and Policy in the Center for Food Safety and Applied Nutrition at the U.S.
Advertisement
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.
PYMNTS
JANUARY 30, 2020
As investors monitor the impact of Amazon ’s one-day delivery investments on profit, the eCommerce retailer is set to report its Q4 earnings. The eCommerce retailer said in its last earnings report it would spend $1.5 billion during the holidays to grow its one-day delivery offering and make it standard for members of its Prime offering, CNBC reported.
SWBC's LenderHub
JANUARY 30, 2020
Building and leading a team that perfectly exemplifies your financial institution’s mission, vision, and values starts with defining your mission, vision, and values. These components are critical for any business endeavor, as they will come to define its ultimate purpose, drive business goals, and create room for your corporate culture to develop and evolve.
PYMNTS
JANUARY 30, 2020
The Financial Times is reporting that food delivery companies Uber and DoorDash met to talk about a potential merger about six months ago, at the request of SoftBank, which is a shareholder in both companies. If the merger had been completed, it would have sped up what many analysts say is necessary for the food delivery industry — that large companies consolidate to become profitable. .
CFPB Monitor
JANUARY 30, 2020
The Student Borrower Protection Center has sent a letter to CFPB Director Kraninger urging her to designate the National Student Clearinghouse as a “consumer reporting agency,” supervise it as a “larger participant,” and add it to the CFPB’s public list of CRAs. The letter is signed by Seth Frotman, who formerly served as the CFPB’s Student Loan Ombudsman and currently serves as the Center’s Executive Director. .
Advertisement
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.
Expert insights. Personalized for you.
472 
Let's personalize your content