Chris Skinner
NOVEMBER 5, 2018
As I travel around, I find different cultures fascinating Some are open, some are closed; some are welcoming, some are distrusting; some feel comfortable, some feel weird; some feel nice, some feel strict; and so on. A lot of the feeling you have about a country is a mixture of … The post In China, buy the wrong things and go to jail appeared first on Chris Skinner's blog.
PYMNTS
NOVEMBER 5, 2018
“Success consists of going from failure to failure without loss of enthusiasm,” said Winston Churchill. Might the sentiment extend to cryptocurrencies, but — parsing the quote a bit — replace “success” with “ruination?”. At this writing, bitcoin trades were at $6,352. That’s down precipitously from peaks of more than $19,800, but off lows of roughly $5,500.
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Chris Skinner
NOVEMBER 5, 2018
Things we’re reading today include … The problem with this bank inquiry Bank of England risks fuelling slowdown with its confusingly hawkish message Lloyds Banking Group to add 2,000 jobs in digital shake-up City of London concerns grow about bad Brexit deal Hedge funds overly optimistic on risk, SocGen finds … The post Things worth reading: 6th November 2018 appeared first on Chris Skinner's blog.
PYMNTS
NOVEMBER 5, 2018
Consumers want to touch before they buy, and they want to talk when they purchase. Those promise to stand as two main traits of the 2018 holiday shopping season , and retailers that gain an edge and increase revenue during the all-important fourth quarter will likely have exploited such tactics during this period, at least according to new data that strives to paint a detailed picture of U.S. commerce over the coming two months.
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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
Bank Innovation
NOVEMBER 5, 2018
Most banking executives believe realtime payments will give banks a competitive advantage, according to a recent Finextra report. The report, titled "Payments Transformation: Jostling for Position in the New Digital Landscape," released in late October, shows that 84% of respondents said that advent of realtime payments will provide their bank a competitive advantage in the market […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
NOVEMBER 5, 2018
Joel Kashuba, SVP of Design & Innovation at Fifth Third Bank, has joined the speaker faculty for Bank Innovation Ignite, taking place March 11-12 in Seattle. Kasuba brings fresh design thinking to the banking world. He has been at Fifth Third for about a year and a half. Prior to that, he was a professor of […].
PYMNTS
NOVEMBER 5, 2018
Digital technology and the data that consumers are willing to provide are giving insurance agents a closer look at the day-to-day habits of individuals, with premiums and policies ideally being adjusted to better reflect risks. Among the most promising areas for this new world of insurance is wearables and fitness trackers, a point brought home in Fitbit’s most recent earnings, along with other developments.
Bank Innovation
NOVEMBER 5, 2018
Most banking executives believe realtime payments will give banks a competitive advantage, according to a recent Finextra report. The report, titled "Payments Transformation: Jostling for Position in the New Digital Landscape," released in late October, shows that 84% of respondents said that advent of realtime payments will provide their bank a competitive advantage in the market […].
PYMNTS
NOVEMBER 5, 2018
Ingenico announced the appointment of a new chief executive officer on Monday (Nov. 5). The company said that Philippe Lazare will step down from his current positions as both CEO and chairman. Those two roles will be separated, and Nicolas Huss, the chief operating officer, will become the new CEO of Ingenico, while Bernard Bourigeaud will become the firm’s new chairman.
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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
Bank Innovation
NOVEMBER 5, 2018
Joel Kashuba, SVP of Design & Innovation at Fifth Third Bank, has joined the speaker faculty for Bank Innovation Ignite, taking place March 11-12 in Seattle. Kasuba brings fresh design thinking to the banking world. He has been at Fifth Third for about a year and a half. Prior to that, he was a professor of […].
PYMNTS
NOVEMBER 5, 2018
Apple Pay is set to launch soon in Germany. According to 9to5Mac , the Apple Pay page on Apple’s German website has a “Kommt bald” (“Coming soon”) badge, while the website for HypoVereinsbank includes “In Kürze bei uns: Apple Pay,” which is essentially the same thing. HypoVereinsbank — one of Germany’s largest banks — also sent out a newsletter promoting the feature, and has created a website that will alert customers when they can register for the service.
Payments Source
NOVEMBER 5, 2018
A standard for protocol layers and interoperability between protocols are needed to lower the threshold for businesses looking to adopt blockchain technology, writes Byung Ik Ahn, CEO of Fantom Foundation.
PYMNTS
NOVEMBER 5, 2018
The Winklevoss twins have filed a lawsuit against Charlie Shrem, accusing him of pocketing funds to purchase bitcoin for himself. The New York Times reported that according to the lawsuit —which was filed in federal court in Manhattan in September 2018—Winklevoss Capital Fund (WCF) hired Shrem in late 2012 to purchase bitcoins on its behalf. But of the $250,000 sent to Shrem in the fall of 2012, only $189,000 has been accounted for.
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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.
Bobsguide
NOVEMBER 5, 2018
“Payments is now a new battleground,” says John Hutton, director of payments at Nationwide, “particularly with Open Banking and the adoption of Third Party Providers (TPPs) and Payment Initiation Service Providers (PISPs). Through that ecosystem a TPP can start to manage on behalf.
PYMNTS
NOVEMBER 5, 2018
It’s been an up and down week on the stock market as earnings reports have piled in and investors have like, or not liked, what they’ve seen. Western Union’s pair-up with Amazon got a lot of positive attention, while Apple’s decision to stop breaking out iPhone sales each quarter caused a bit of controversy. But cheer- or jeer-inducing, the story of the week is that the times, they are a-changin’.
Gonzobanker
NOVEMBER 5, 2018
A Battle Plan for Onboarding. All financial institutions have some skin in the Payments Game, but who’s holding the winning hand? No matter the size or scope, make no mistake—everyone is a player in this game. Why? Because people buy a lot of stuff, and they want their payments to be a no-brainer: convenient, secure and reliable. What’s more, everyone—from merchants to financial institutions to fintech and big tech—wants in on the game.
PYMNTS
NOVEMBER 5, 2018
TransUnion , the global risk and information solutions provider, announced Monday (November 5) that it is selling its Noddle unit, the U.K.-based free credit reporting and monitoring service, to Credit Karma. In a press release , TransUnion said it acquired Noddle earlier in 2018 as part of its acquisition of Callcredit , a credit reference agency based in the U.K.
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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
NOVEMBER 5, 2018
France-based Ingenico has named a new CEO a month after receiving an unsolicited takeover bid, signaling a strategy shift in the face of increasing pressure on the last of the independent payment terminal hardware giants.
PYMNTS
NOVEMBER 5, 2018
To help improve the retail shopping and shipping experience, virtual reality (VR) and augmented reality (AR) is catching on with big-box retailers in the U.S. AR could be on the cusp of having its moment, as a large brick-and-mortar retailer has fresh plans to appeal to shoppers willing to test out the technology. Target , for instance, is bringing in augmented reality (AR) to develop its Target Beauty Studio.
Payments Source
NOVEMBER 5, 2018
The Bank of England issued a challenge for consumers who usually pay with cash to go cashless for a week, as an educational experience prior to its upcoming conference, Future Forum 2018.
PYMNTS
NOVEMBER 5, 2018
Chinese conglomerate Tencent is the latest to step into the blockchain trade finance space via its FinTech unit Tencent Financial Technology, according to reports in China Daily on Friday (Nov. 2). The company announced plans to develop a blockchain-powered supply chain finance solution, WeChain, which Tencent Blockchain general business manager Aaron Cai said “will empower medium and small-sized enterprises, helping to get out of the financing predicament.”.
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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.
Matt Wilcox Pro
NOVEMBER 5, 2018
A recent Fiserv survey confirms—among other insights—that trust remains a primary driver behind the public’s preference for bona fide banks over non-bank alternatives. Which is why I wish to draw attention to the first runner-up on Reputation Institute’s latest list of America’s most reputable retailers: Second only to Barnes & Noble was none other than Amazon.
PYMNTS
NOVEMBER 5, 2018
Facebook has announced that it is opening its first small business pop-up concept in nine Macy’s locations across the United States. The move will bring 100 popular small businesses and digital brands on Facebook and Instagram into retail stores — just in time for the holiday shopping season. The pop-up shop will be located in The Market @ Macy’s in New York City, Pittsburgh, Atlanta, Fort Lauderdale, San Antonio, Las Vegas, Los Angeles, San Francisco and Seattle, now through early Februar
Payments Source
NOVEMBER 5, 2018
Merchants and intermediaries who plan to accept crypto payments should ensure that they have compliance programs and policies in place to ensure that they can appropriately diligence the use of cryptos so that their involvement with these new products does not enhance their liability risks, write Evan Koster and Marc Gottridge, partners at Hogan Lovells.
PYMNTS
NOVEMBER 5, 2018
Mitek Systems, the identity verification solutions company, announced Monday (November 5) that its board of directors have unanimously decided to reject an offer from ASG Technologies Group, which is a portfolio company of Elliott Associates and Elliott International. In a press release, Mitek Systems said that after consulting with financial and legal advisors it determined the offer was not in the best interest of Mitek’s shareholders.
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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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