Chris Skinner
SEPTEMBER 2, 2019
I was listening to questions at a meeting this week where one of the audience asked if I needed to adjust what I say on my travels, to suit the culture of different countries. I thought about it for a second, and realised that I don’t. I do adjust the … The post The diversity of financial technologies appeared first on Chris Skinner's blog.
PYMNTS
SEPTEMBER 2, 2019
The People’s Bank of China (PBoC) is looking toward new technologies to keep a closer eye on the nation’s FinTech , blockchain and digital lending markets. “Regulators using new technologies to supervise FinTechs and the financial industry — called Suptech, short for supervisory technology — is another area where China is generally thought of as a world leader,” said one adviser who works closely with large Chinese FinTech companies, according to the Financial Times.
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Payments Source
SEPTEMBER 2, 2019
Many companies have tools in place alerting them to possible security issues, but if companies get a large volume of issues, this quickly overwhelms the ability for security and risk professionals to analyze, prioritize, and remediate, writes DivvyCloud's Chris DeRamus.
PYMNTS
SEPTEMBER 2, 2019
For B2B payments, this summer was a season of technological progress. Both buyers and suppliers say they are looking forward to adopting technology that can tackle their biggest accounts payable (AP) and accounts receivable pain points, with PYMNTS’ July Payables Friction Playbook , a collaboration with Corcentric, finding that 42.6 percent of AP professionals say they already receive invoices via an eInvoice solution.
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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
Jeff For Banks
SEPTEMBER 2, 2019
This design or that design. Digital, pods, low square footage. All the talk around the branch of the future is about design, staff levels, square footage, and technology. Yet the people that carry balances, the boomers and older, can't figure out where to go when they come in for a teller transaction. And the younger generation want help managing their budget, using the improved technology tools, and applying for loans.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Matt Wilcox Pro
SEPTEMBER 2, 2019
I shall open with a rhetorical question: Is anyone not looking into launching another crypocurrency? Right now, CoinMarketCap lists 2,346 of them, from giants like Bitcoin to not-giants like Onedex. But today’s rhetorical question is more about the fact that, besides Facebook, JP Morgan and Walmart are in, Goldman Sachs is taking a serious look, and speculation is mounting that Amazon will [.
PYMNTS
SEPTEMBER 2, 2019
HSBC has issued its first yuan blockchain-based letter of credit transaction, Reuters reported. The move is significant progress in the use of the Voltron trade finance platform, which was developed by eight banks, including HSBC, BNP Paribas and Standard Chartered. While the platform has predominately been used in individual pilot cases, Ajay Sharma, HSBC’s regional head of global trade and receivables finance for Asia-Pacific, said it is getting closer to full proposition.
BankBazaar
SEPTEMBER 2, 2019
Want to train yourself to start saving money? These mind tricks may help you a great deal. Check ’em out – they’re certainly worth a shot. If you’re not a natural ‘money-saver’, it can be quite unsettling when your buddies and colleagues around you are able to save big every month. You start questioning what it is you’re doing wrong and what they’re doing right.
PYMNTS
SEPTEMBER 2, 2019
Venture capital firm Andreessen Horowitz is attempting to fight back against Washington’s tougher stance on cryptocurrencies. As the firm aims to boost its crypto investments, it hosted officials from the Treasury Department, as well as a number of Washington’s regulatory agencies, at a full-day, private conference in San Francisco in late May, according to The Wall Street Journal.
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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
SEPTEMBER 2, 2019
Many in the payments industry insist that cash is becoming less important — but that doesn't mean it will ever go away.
PYMNTS
SEPTEMBER 2, 2019
In a little over a week, the festivities will officially kick off in Cupertino’s Apple Park Headquarters as industry followers, Apple fans, tech enthusiasts and journalists crowd into the Steve Jobs Theater (or around their favorite live-streamed screen) for Apple’s annual fall event. This tradition is rapidly becoming as autumnal a ritual as leaf peeping and pumpkin spiced consumer goods as the world anxiously awaits the “one more thing” that will define Apple’s next year.
The Paypers
SEPTEMBER 2, 2019
(The Paypers) The latest findings of a Visa study on Southeast Asia has revealed that cashless payments are gaining ground, with more Filipinos realizing the benefits of using cards and apps.
PYMNTS
SEPTEMBER 2, 2019
Testimony from the Financial Integrity Network (FIN) released before a Sept. 3 hearing advises that system-wide governance should be established to regulate virtual asset service providers (VASPs), CoinTelegraph reported Monday (Sept. 2). Some VASPs are regulated as money transmitters under the Bank Secrecy Act (BSA) while others escape regulation, said David Murray, FIN’s vice president for product development and services.
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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.
The Paypers
SEPTEMBER 2, 2019
(The Paypers) The number of transactions via the Unified Payments Interface (UPI) have overtaken the number of debit card transactions in 2018-19, according to a Reserve Bank of India report.
PYMNTS
SEPTEMBER 2, 2019
And just like that … it’s September. Labor Day is the end of summer for many — and amid the lurch toward the first day of school, we scramble to fit the last BBQs in, get the last binge watches in, embrace the long weekend’s languid pleasures and maybe sneak in some last dives at the pool. At PYMNTS we’ve got deep dives of a different sort — a summer reading list that won’t take time, but will pay dividends.
The Paypers
SEPTEMBER 2, 2019
(The Paypers) Bulgaria’s National Revenue Agency has been fined USD 2.9 million for failing to stop a data breach that leaked tax records for nearly all of the country’s adult citizens.
PYMNTS
SEPTEMBER 2, 2019
Activist investors are closing in on Groupon as its stock plummeted to less than $3 a share, and its chief financial officer, Michael Randolfi , resigned, The Wall Street Journal reported Monday (Sept. 2). At the time of its initial public offering in 2011, Groupon was valued at $16.5 billion; now it’s about $1.4 billion. Investors are hoping management will consider a stock buyback, a tactical partnership or selling the company.
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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.
The Paypers
SEPTEMBER 2, 2019
(The Paypers) Lloyds Bank data has revealed millennials are falling victim to scams involving handing money to fraudsters more than any other age group.
PYMNTS
SEPTEMBER 2, 2019
Mobile sports betting is quickly growing to a point where New Jersey is close to topping Las Vegas as the country’s biggest market, The Wall Street Journal reported Monday (Sept. 2). The Supreme Court ruled that states can establish their own betting system, but not across state lines. Geofencing ensures mobile apps stay within each state. Sports betting is legal in 12 states in some capacity.
The Paypers
SEPTEMBER 2, 2019
(The Paypers) VerifyMe Nigeria has launched a self-managed verification platform to boost industry growth through trust.
The Financial Brand
SEPTEMBER 2, 2019
Gen Z is building credit card, auto, and personal loan balances at potentially worrisome rates. Banks and credit unions must monitor growth. The post Trend Watch: Young Adults Racking Up Massive Consumer Debt appeared first on The Financial Brand.
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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.
The Paypers
SEPTEMBER 2, 2019
(The Paypers) Digital bank Revolut has revealed the launch of its new 3-D Secure (3DS) payments feature to help fight against fraud and to keep Revolut users safe.
The Financial Brand
SEPTEMBER 2, 2019
It's called 'social media,' but many banking brands miss the chance to truly engage consumers. Three steps can transform your social efforts. The post How Bank Marketers Can Forge Human Connections in a Digital World appeared first on The Financial Brand.
The Paypers
SEPTEMBER 2, 2019
(The Paypers) The Reserve Bank of India (RBI) has extended the deadline for complying with KYC norms, so mobile wallet providers have time until 29 February 2020.
The Financial Brand
SEPTEMBER 2, 2019
New data show current CMO pay is flat, but the role is evolving. Digital marketing and UX-related salaries, on the other hand, are moving up. The post What Should Financial Institution Marketing Executives Be Making? appeared first on The Financial Brand.
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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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