Bank Innovation
JULY 7, 2017
Financial advisors should be able to escape the rise of automation and artificial intelligence with jobs intact. That’s according to the data on the probability of computerization released by Carl Frey and Michael Osborne (reorganized into this helpful graphic from Bloomberg); which states that personal financial advisors have a 58% chance of computerization in the […].
Chris Skinner
JULY 7, 2017
Building on yesterday’s blog, Money2020 has an official Money Magazine to go with the European show, produced by Norfico. I was picked as one of a few commentators to talk about what’s going on in the world and was featured in the magazine, which you can find and download here. Anywho, for blog purposes, I thought I would record the final interview notes and share for those interested.
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Bank Innovation
JULY 7, 2017
The introduction of yet another bank-branded digital wallet service hasn’t exactly shifted the world of payments on its axis. Citi Pay, Citi Bank’s digital wallet (and P2P service, thanks to the bank’s integration with the ever-expanding Zelle network) launched in the U.S. yesterday. Citi customers can now use the wallet for online and in-app transactions, enabled […].
Payments Dive
JULY 7, 2017
Date: July 27, 2017 | Time: 2:00 PM EST | Duration: 1 Hour | Join us for a live webinar with Adobe as we discuss the priorities and strategies needed to survive in today's retail market. Register now!
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Bank Innovation
JULY 7, 2017
Seed deal volume increased in the second quarter of 2017 for the first time in six quarters, according to investment firm Primary Venture Partners. According to a report released this week, 37 deals closed during the quarter, up 6% from the previous quarter totaling in $67.1 million. That marks a 16% increase from the previous […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
JULY 7, 2017
While there are many reasons why small merchants should be able to take digital and online payments — including better conversion rates, wider exposure to a bigger audience and better data about consumers — Dusty Gomez, SMB product leader at Vantiv , says it all comes down to one main idea: The consumer lifestyle is evolving to a point where customers are constantly on the go.
Payments Source
JULY 7, 2017
Consumers have accepted the use of fingerprint authentication for mobile payments. But will they be as welcoming of facial recognition? A few companies are testing the waters.
PYMNTS
JULY 7, 2017
One bottle of your finest Amazon reserve label wine, please? This is now a reality for the eCommerce giant as it rolls into the winemaking realm. The Next Wines brand of wines has been specifically developed by private label vineyard King Vintners on behalf of Amazon. Currently, Next Wines is offering up three bottles, which include the 2016 Willamette Valley Pinot Gris, 2014 Columbia Valley Red Blend and 2015 Oregon Pinot Noir.
Let's Talk Payments
JULY 7, 2017
If you’re someone who was born during or before the 1990s, you would have definitely heard about the 2008 financial crisis; maybe some of you have even faced negative consequences.
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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
PYMNTS
JULY 7, 2017
Cyberattacks are never welcomed by any piece of technology. Late last month, reports surfaced of a “massive cyberattack” originating in Europe and quickly spreading to major corporations across the globe. According to Bloomberg reports on June 27, the attack was similar to WannaCry, first targeting Russia and the Ukraine, with more than 80 businesses were affected.
Payments Source
JULY 7, 2017
Many of Zelle's member banks chose to migrate clearXchange users to the relaunched service. It's a potential convenience, but if executed without end user awareness or consent it can irritate consumers.
PYMNTS
JULY 7, 2017
Generation Z are the next up-and-coming group of shoppers who retailers are turning to for the future of retail. Yes, those born between 1994 and 2002 are starting to push millennials over in terms of shaping commerce and eCommerce trends. Get ready, retailers. The buying power of Gen Z comes out to $44 billion, according to an IBM and National Retail Federation study.
Let's Talk Payments
JULY 7, 2017
Small businesses present a strong community-building and economy-driving force in any nation. Countries that were able to establish the most business-friendly regulatory environments for setting up and running a business.
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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
PYMNTS
JULY 7, 2017
Big changes are coming to the faster payments landscape. But don’t worry about blinking and missing them, because these changes are going to stick around for a while and have the potential to make a long-lasting impact on how money is exchanged. The July PYMNTS.com Faster Payments Tracker™, powered by NACHA, highlights notable developments from across the faster payments landscape, including the debut of Early Warning System’s Zelle Network and how P2P payments could soon be distributed using v
Let's Talk Payments
JULY 7, 2017
MEDICI now! Startup Stories highlights the companies that are shaping the new financial technology industry. Keep an eye out each week for new stories! If you or someone you know.
PYMNTS
JULY 7, 2017
Corporate travel company Sabre suffered a cybersecurity incident, first revealed in May, and this week the firm provided an update on the situation. In an announcement Thursday (July 6), Sabre said it is working directly with certain clients and partners using Sabre Hospitality Solutions’ SynXis Central Reservations System, the target of an apparent breach.
Bobsguide
JULY 7, 2017
Patrick Tans, Senior General Manager, Banking Products, at KBC Bank was a panellist at The European Payment Summit 2017, and stated that banks were facing the biggest upheaval to their industry for over 600 years. But how does the industry feel about the shift in regulation? We spoke to senior.
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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.
PYMNTS
JULY 7, 2017
After Amazon’s $13.7-billion acquisition of Whole Foods, others in the grocery industry saw their shares slide. One company that’s escaping the Amazon fray is Costco Wholesale Corp. as the company just shared its same-store sales for the month of June, which surpassed expectations. Following the news of the wholesaler’s increased year-over-year sales for June, its shares rose 2.1 percent to $161.35.
Cisco
JULY 7, 2017
Just returning from Cisco LIVE US 2017. This was the most exciting & inspiring event since I started attending the conference a number of years ago. You could just feel the energy this year. It was electric. Having spent a lot of time with customers & partners in the digital financial services demo area in […].
PYMNTS
JULY 7, 2017
Veem, the B2B payments company formerly known as Align Commerce, is partnering with QuickBooks as the accounting software company looks to integrate payment capabilities for its SME users. Reports Thursday (July 6) said Veem is integrating its cross-border wire payment capabilities into QuickBooks so SMEs can pay supplier invoices from within the. “Part of Veem’s mission is to support the network of small businesses that help prop up the global economy,” said Veem CEO and founder Marwan Forzley
NCR
JULY 7, 2017
All banks are aware of the importance of catering to the needs of the millennial generation. This tech-savvy cohort is set to dictate the direction the banking industry will take over the coming years and decades. But developing a clear idea of what a certain group of customers want, and then coming up with strategies to meet these expectations, is by no means an easy task.
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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.
PYMNTS
JULY 7, 2017
Experts are saying that the complexity and scale of the latest global cyberattack point to a hostile government, not a criminal group, as the originator of the attack. And many of them have an educated guess about who it was: Russia. On June 27, the hostile software — dubbed “NotPetya” after initial reports misidentified it as the ransomware Petya — crippled organizations in more than 60 countries and in every possible vertical, from banks and shipping providers in the Ukraine to U.S. pharmaceu
Payments Source
JULY 7, 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: Square hires a lobbyist; iZettle preps to go public; Uber's tip feature grows; Air Canada adds more digital pay heft.
PYMNTS
JULY 7, 2017
Amazon might join forces with Dish to start a wireless network. Reuters reported that CEOs Jeff Bezos and Charlie Ergen have been in talks about a potential partnership. Dish has been hungrily buying up radio frequencies that connect devices in the Internet of Things (IoT), and the Federal Communications Commission requires that it start using the acquired spectrum to build its first wireless network by 2021.
Payments Source
JULY 7, 2017
Mobile QuickPass NFC payments are accepted at nearly a half million point-of-sale terminals outside of China, and QuickPass QR code payments have been available in Hong Kong and Singapore for about a month.
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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.
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