Bank Innovation
AUGUST 29, 2017
Android users will soon be able to make P2P payments via any mobile app or mobile browser, thanks to the new P2P keyboard rolled out by OCBC Bank. The Singapore-based bank reportedly launched the keyboard app yesterday, and puts a “OCBC Pay Anyone” icon within apps including Facebook, Whatsapp, and Instagram for payments. Users can […].
Chris Skinner
AUGUST 29, 2017
I grew up with America as the dream. However, in the past two decades, China has become the second world superpower, whether the Americans like it or not. This is not me having a love thing for China. It’s just a fact. The Americans don’t like it. Google China as … The post The superpower that is China appeared first on Chris Skinner's blog.
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Bank Innovation
AUGUST 29, 2017
EXCLUSIVE — Online receivables provider Autobooks is currently developing a prototype for the point-of-sale. Businesses will be able to use this in addition to the payment and treasury service solutions the company currently provides, Jake L’Ecuyer, head of strategic initiatives for Autobooks, told Bank Innovation. This system will nicely augment the integrated receivables platform Autobooks […].
Payments Dive
AUGUST 29, 2017
Church's Chicken offers up a unique feature in its mobile app: a curated music playlist.
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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.
Bank Innovation
AUGUST 29, 2017
Apple issued an official statement today stating that its mainland Chinese users will now be able to use WeChat Pay for purchases made on the App Store and for Apple Music products. The WeChat Pay function will not require the use of a password. Instead, consumers will be able to confirm their identity with fingerprints, […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
AUGUST 29, 2017
The Securities and Exchange Commission issued an “investor alert” to warn potential investors about ICO scams. The warning, issued yesterday, notes that “fraudsters often try to use the lure of new and emerging technologies to convince potential victims to invest their money in scams.” Specific to Initial Coin Offerings, which have recently risen in popularity […].
PYMNTS
AUGUST 29, 2017
Regulators in China are gearing up to issue new rules on digital coin offerings and could move to ban them until the new rules are put in place. According to a news report in Business Insider , citing the Beijing-based financial magazine Caixin , Chinese regulators including the People’s Bank of China and the China Securities Regulatory Commission are currently looking at how best to approach initial coin offerings (ICOs).
Bank Innovation
AUGUST 29, 2017
Alexei Moiseev, Russia’s Deputy Finance Minister said bitcoin should be regulated as financial asset and not as a currency. He also likened bitcoin to a financial pyramid, noting that not everyone should be allowed to trade in the cryptocurrency. In an interview yesterday with RT News, Moiseev said: There is a point of view that such […].
PYMNTS
AUGUST 29, 2017
Michael Kors, Calvin Klein, Vera Wang and … Amazon ? That could be the list of hot designers creating the latest fashions someday — if Amazon is able to perfect the artificial intelligence (AI) technology on which it’s currently working, that is. Most people are aware Amazon has already launched its own fashion line , but the retailer is working to take the retail category a step further thanks to AI, Mashable reports.
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Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.
Bank Innovation
AUGUST 29, 2017
It’s the 21st century marketing mantra: Never underestimate the power of ‘smart.’ We have ‘smart’ phones, ‘smart TVs’, a ‘smart’ doorbell and yes, even a ‘smart’ dishwasher. What about ‘smart’ authentication? Multifactor authentication strategies, while rising in popularity continue to be dogged by the tradeoff of usability and security. In other words, if authentication solutions […].
PYMNTS
AUGUST 29, 2017
Consumers in the Asia-Pacific market are quite aware of the range of digital payment options available to them, but they prefer to pay with cash, according to a new study from PayPal reported by CNBC. PayPal’s study, which polled some 4,000 consumers across India, China, Hong Kong, Singapore, Thailand, the Philippines and Indonesia, found approximately 57 percent of respondents cited cash as their preferred payment method for daily purchases.
Bank Innovation
AUGUST 29, 2017
EXCLUSIVE – Atlanta-based InComm Holdings and American Express will meet today to discuss next steps for their recently announced partnership on Amex’s prepaid card business, InComm President Phil Graves told Bank Innovation. Graves declined to disclose details of the meeting, but said the goal is to map out ways to enhance the existing products of […].
PYMNTS
AUGUST 29, 2017
A business climate of rapid technological innovation, shifting geopolitical forces and changing risks have introduced a new conversation about the corporate treasurer: how can this position react to these trends and become a strategic part of the enterprise? As corporates and the treasurers themselves examine the issue, a new report from Marsh & McLennan Cos., along with the Association for Financial Professionals, finds the vast majority of the 344 senior-level executives surveyed agreed th
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
AUGUST 29, 2017
New small business challenger Redwood Bank has launched in the United Kingdom. The bank will now offer secured SME mortgages to businesses, offering loans between £50,000 and £1.5 million, Redwood announced today. Its launch comes after Redwood received its bank license in April 2017, after filing in 2016 as Acorn Financial Partners. The bank’s initial […].
PYMNTS
AUGUST 29, 2017
Younger and minority populations have been disproportionately affected by the socioeconomic repercussions of the real estate crash and the tighter regulations in the mortgage industry. The Financial Times reported news that while homeownership peaked before the financial crisis due to a combination of readily available mortgages and the belief that house prices would only go up, the crash that followed still has an impact on the real estate market a decade later.
Bobsguide
AUGUST 29, 2017
bobsguide sat down with Adrian Carr, Senior Vice President, Worldwide Sales at MarkLogic Corporation to discuss the most presing issues financial services are experiecing with their data storage solutions. What is the major issue financial services are experiencing with their data storage.
PYMNTS
AUGUST 29, 2017
As Australian regulators continue to press the nation’s largest banks for fairer small business lending practices, a new small- to medium-sized businesses (SMB) lending platform is headed for the market. Australian Finance Group said Monday (Aug. 28) it is planning a soft launch of its small business loan platform, AFG Business. Announced during Australian Finance Group’s financial earnings report, the solution will initially roll out in the second quarter of 2018 to help companies
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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
Bobsguide
AUGUST 29, 2017
It’s a Catch 22: to get financial credit, you need a credit history; to get a credit history, someone has to give you credit. And in many developing markets, that’s unlikely to be a bank.
PYMNTS
AUGUST 29, 2017
India’s largest online travel company, MakeMyTrip, is entering the business-to-business (B2B) space with the launch of a new solution for corporate travel. Reports released Monday (Aug. 28) said MakeMyTrip is rolling out MMT MyBusiness, a tool developed to help small- and medium-sized businesses (SMBs) in India book business trips. Co-founder and CEO Rajesh Magow noted in a recent interview with the Economic Times of India that the firm aims to reach out to existing MakeMyTrip users to en
Let's Talk Payments
AUGUST 29, 2017
David Vélez, founder of Nubank, a Colombian himself, sees Brazil as one of the countries with the greatest potential for the FinTech market. David worked in the New York financial.
PYMNTS
AUGUST 29, 2017
The New York State Department of Financial Services (DFS) is looking to fine Habib Bank Ltd (HBL) nearly $630 million for failing to comply with state and federal laws at its only U.S. branch. Reuters reported news that if the fine is imposed, it would be the largest ever faced by a Pakistani bank. The New York State Department of Financial Services could not immediately be reached for comment.
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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
Let's Talk Payments
AUGUST 29, 2017
If you expect that in a ranking of the most promising FinTech startups in the world there were only nascent companies created by young entrepreneurs, you are mistaken. The exception.
PYMNTS
AUGUST 29, 2017
With Hurricane Harvey causing life-threatening floods in Houston, some major banks are cutting bank fees for customers as a small form of hurricane relief. According to news from CNBC , JPMorgan Chase , the largest bank in Houston with more than 200 branches in the area, will automatically waive or refund ATM fees on deposit accounts through September 10, 2017, for customers in the greater metropolitan area.
Cisco
AUGUST 29, 2017
“This is a stickup! Give me all your bitcoins!” Those words may not seem as terrifying as the shouts and gunshots of infamous bank robbers Butch Cassidy and the Sundance Kid sounded to bankers in the early 1900s. But they would quickly create a crippling panic if you saw them flash across your […].
PYMNTS
AUGUST 29, 2017
As phone spoofing begins to infiltrate the consumer retail arena, some firms are fighting back against this new type of fraud. One of them, New York-based Next Caller , just completed a funding round to bolster its abilities. The three-year-old startup brought in $5 million, led by Crystal Towers, during its latest round, according to news from TechCrunch.
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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.
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