Sun.Feb 24, 2019

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Infrastructure and Incentive: Making Cashless a Reality

Chris Skinner

I often reflect on how quickly China is moving towards being cashless, as are parts of Africa and much of India. I then realised that it is a strong mix of simple infrastructure and strong incentive. In the case of M-PESA in Kenya, there was no method of making payments … The post Infrastructure and Incentive: Making Cashless a Reality appeared first on Chris Skinner's blog.

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Ripple Expands Into Middle East, Canada

PYMNTS

Mercury FX , the international currency exchange provider, is reportedly relying on Ripple’s XRP xRapid to open up ten new payment corridors by the middle point of this year. According to a report in OracleTimes , Mercury FX chief executive Alastair Constance said during the Ripple Regionals 2019, a company event held in London, that it will use xRapid for payments from the U.K. to Canada and the Middle East.

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Best Fintechs to Work For

Payments Source

These fintechs know how to have a good time. Novel employee benefits from the companies that made SourceMedia's 2019 list include cooking classes, weekly dance parties and free trips.

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NCR Expands Hospitality POS With BEC Buy

PYMNTS

NCR announced late last week the acquisition of BEC , a provider of hospitality point-of-sale (POS) technology based in Denver. In a press release , NCR said the acquisition complements its existing presence as well as expands its coverage in the western part of the U.S. NCR noted BEC was an NCR POS reseller for the last twenty-three years. With the deal, NCR will directly manage more than 2600 sites including Qdoba, Snooze Eatery and Punch Bowl Social.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

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At Fattmerchant, innovation isn't confined to the tech team

Payments Source

Every week starts and ends the same way — with meetings where departments can share successes and challenges. It’s one way the payments company ensures cross-collaboration.

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The payments industry is falling behind fast-acting fraudsters

Payments Source

Payment crooks are behaving more like organized crime syndicates, and that's putting merchants, processors and banks on the defensive, argues Yossi Geller, a vice president at Paygilant.

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Health Apps Sharing Users’ Sensitive Data With Facebook?

PYMNTS

Facebook is facing new privacy allegations that smartphone users’ data is being shared with the social media giant without their knowledge. According to a report in The Wall Street Journal citing testing the paper conducted on its own, Facebook collects personal information from many of the most popular apps on smartphones within seconds of users entering the information.

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People, pets, pay: Secrets of the Best Fintechs to Work For

Payments Source

Nap pods and beanbag chairs are nice, but what employees really care about are personal respect and generous compensation. Oh, and it helps to be dog-friendly.

Fintech 68
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NY Governor Calls For Inquiry Into Facebook’s Data Practices

PYMNTS

New York Governor Andrew Cuomo called on the New York’s Department of State and Department of Financial Services to investigate Facebook after The Wall Street Journal reported late last week it could be getting its hand on much more personal information than smartphone users were previously aware of. According to a report in Reuters , the data about smartphone users could include health data and other sensitive information.

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The State of Automation in Financial Services 2024 Report

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

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How we select the Best Fintechs to Work For

Payments Source

A collaboration between SourceMedia and the Best Companies Group, the list is derived from reviews of employer benefits and policies and comprehensive surveys filled out by the companies' employees.

Fintech 62
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B2B FinTech fundings

Lars Markull

This week was predominated by the funding announcement of three FinTech companies: Iwoca (150m GBP debt and equity), GoCardless (75m USD equity) and Mambu (30m EUR equity). What makes these three announcements a bit special is – beside the fact that all of them announced them on the same day – that all providers are offering B2B solutions.

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The fintech that turned a warehouse into a funhouse

Payments Source

When Redtail Technology moved into its new building 18 months ago, CEO Brian McLaughlin ensured it had homey touches, like comfortable seating, a basketball court and slides.

Fintech 62
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How to Get Employees Behaving Like Business Owners

ForwardBanker

Whether they realize it or not, many of our Dashboard clients practice “open-book management.” In other words, they actively create a culture where employees think, act, and feel like owners. They get their employees engaged in making money for the business. How does open-book management work? According to John Case, who coined the phrase and. The post How to Get Employees Behaving Like Business Owners appeared first on Deluxe FS.

How To 28
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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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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Mix, mingle, mentor: Women make time for face time at Fundera

Payments Source

Three years ago, the New York-based fintech started organizing a monthly gathering for its female employees. The meetings have helped participants find role models.

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Banks Should Turn Branches Into Coworking Spaces

The Financial Brand

With digital banking reducing branch traffic, banks should convert unused space into coworking offices. The post Banks Should Turn Branches Into Coworking Spaces appeared first on The Financial Brand.

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Crawling through mud, fire is just part of the job at this fintech

Payments Source

Employees at Carson Group love the outdoors and regularly participate in events like the Spartan Race, a course filled with treacherous obstacles.

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4 Pillars of Retail Banking Success: CX, Digital, Branches and Marketing

The Financial Brand

Financial institutions must invest heavily and carefully balance four key strategic areas in order to remain competitive with megabanks. The post 4 Pillars of Retail Banking Success: CX, Digital, Branches and Marketing appeared first on The Financial Brand.

Retail 32
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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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Benchmarks: How the Best Fintechs to Work For set themselves apart

Payments Source

A look at the difference in responses between employees working for companies that made the list and those that did not.

Fintech 63
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How Financial Marketers Must Prep Banking Websites for Voice Search

The Financial Brand

Bank and credit union sites must work with voice search on smart speakers like Amazon Echo, Google Home and Apple Siri. The post How Financial Marketers Must Prep Banking Websites for Voice Search appeared first on The Financial Brand.

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When working at a fintech becomes a dream job

Payments Source

Some companies on SourceMedia’s Best Fintechs to Work For list offer their employees extra time off to live boldly.

Fintech 62
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Some Smartphones Adding Dedicated Google Assistant Button

PYMNTS

Google has announced that LG , Nokia , Xiaomi , TCL and Vivo will soon launch smartphones with dedicated Google Assistant buttons. “Last year, we took the first step in working with LG to launch a dedicated button for the Google Assistant on its flagship devices to help people get things done on the go — whether it’s staying on top of your day or finding directions with just your voice,” the company wrote in a blog post.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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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FCC: US Poised To Win 5G Race

PYMNTS

With 5G wireless coming, the U.S. is in a good position to dominate the market, said Federal Communications Commission Commissioner Brendan Carr. According to a report in CNBC, Carr said on “Squawk Alley” late last week that the U.S. is in “good shape” in terms of building out networks to support 5G. “We are really on the cusp of some significant technological breakthroughs, and it’s happening at the right time because we are getting our regulations right as well,” Carr said, according to CNBC.

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