Chris Skinner
JULY 21, 2019
One of the discussions at the UN meetings was around SIDS, the Small Island Developing States. I didn’t know much about SIDS but, when investigating further, discovered I did. They range from islands like Belize and Puerto Rico to Mauritius and Barbados to Bahrain and Singapore. That’s a pretty diverse … The post How to make a small island a big centre for FinTech appeared first on Chris Skinner's blog.
PYMNTS
JULY 21, 2019
The 2017 Equifax data hack affecting more than 143 million people worldwide will cost the company about $700 million. . The credit reporting company is close to a deal to settle data breach probes, The Wall Street Journal reported July 19, citing people familiar with the matter. . The payment is part of a settlement with U.S. and state regulators, although the dollar amount could change depending on how many people file claims, the WSJ article said.
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BankBazaar
JULY 21, 2019
Want to feel the fresh dew drops of monsoon? Here are some awesome road trips you can take to experience the green season in all its glory! Clouds, greenery, tea and snacks… yup, we’re talking about monsoon. Though the season can be enjoyed indoors, we highly recommend a long drive if you want to really take in the freshness of nature during the rains.
PYMNTS
JULY 21, 2019
The long-running proposed $26 billion T-Mobile-Sprint merger is close to getting a go-ahead from federal regulators. . The U.S. Justice Department’s Antitrust Chief Makan Delrahim’s scheduled testimony before the Senate’s antitrust subcommittee on Tuesday (July 23) was canceled on Saturday (July 20). The move shows the deal is about to close, insiders told Fox Business.
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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
Payments Source
JULY 21, 2019
Commercial entities could harm the dollar's value, causing harm to the economy. A government backed cryptocurrency would add balance, argues Madeline Aufseeser, a payments industry veteran.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankBazaar
JULY 21, 2019
Here are 5 deadly rookie financial mistakes that people make and how to avoid them. Read on to know more. If you are making these 5 rookie financial mistakes, it’s time to pull up your socks and make amends before it’s too late. Living beyond your means. Living in the world of YOLO (You Only Live Once) and FOMO (Fear Of Missing Out) mindsets, it’s very easy to spend on things that we don’t require.
PYMNTS
JULY 21, 2019
Senator Mike Rounds made an announcement at a Senate Banking Committee hearing regarding Facebook’s planned cryptocurrency on Tuesday (July 16), but it wasn’t related to Libra. “Before I begin my questions, I just want to take a moment to commend the South Dakota Division of Banking for their forward-thinking and willingness to allow for innovation in the digital currency space.
Payments Source
JULY 21, 2019
When Amazon was busy driving traffic to its site — and the likes of Walmart and Best Buy were aggressively trying to pull shoppers away — it also invited several issuers to compete to be the top-of-wallet card for Prime Day spending.
PYMNTS
JULY 21, 2019
Tinder removed Google Play Store integration within its Android app to avoid Google’s service charge, which can be as high as 30%. . Tinder users who want to subscribe to premium services will now be asked to enter their credit card information directly into the Tinder app, Bloomberg reported , citing new research by Macquarie analyst Ben Schachter. .
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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
BankBazaar
JULY 21, 2019
Got questions on the National Pension Scheme (NPS)? This video answers all your questions and more. Watch it now! The National Pension Scheme can be a very good option if you are looking for a secure source of income after retirement. If you have questions on retirement planning, then you must watch the above video. What tax benefits does NPS offer?
PYMNTS
JULY 21, 2019
Russian lawmakers are proposing legislation that would require all smartphones, computers and smart TVs sold in Russia to come pre-installed with certain Russian software. Reuters reported that the draft bill aims to support domestic software producers, allowing authorities to create a list of mandatory, local software. If passed, it would go into effect in July 2020.
NCR
JULY 21, 2019
For many people, chowing down is just as much about the experience as it is the food, and ice cream tasting events are a way for your customers to enjoy the ?adventure of eating.?
PYMNTS
JULY 21, 2019
Indian hospitality business OYO now has a valuation of $10 billion after its founder, Ritesh Agarwal, purchased $2 billion in shares from Sequoia Capital and Lightspeed Venture Partners. The 25-year-old founder completed the transaction via a Cayman Islands company called RA Hospitality Holdings, and was financed by institutional banks and finance partners.
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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.
NCR
JULY 21, 2019
For many people, chowing down is just as much about the experience as it is the food, and ice cream tasting events are a way for your customers to enjoy the ?adventure of eating.?
PYMNTS
JULY 21, 2019
Anti-money-laundering compliance controls have impacted Nordic banks’ bottom lines. The region’s largest financial institutions — Swedbank AB, Nordea Bank ABP and Danske Bank A/S— have had to spend a good chunk of money on new compliance systems and the hiring of staff members after all have faced allegations of moving dirty money. “The banks in my view that will be successful in the future are the banks that tackle compliance issues head on,” said Chris Vogelzang, Danske’s CEO, according
FICO
JULY 21, 2019
Last month I presented at the PSD2 Strong Customer Authentication Summit in London on the challenges of making sure that every customer has a compliant route to authentication. Two days later, the EBA published their latest opinion on SCA and while it seems to offer a little flexibility in terms of the timescales for implementation, in my view it also added some practical challenges in terms of how it can be implemented.
The Financial Brand
JULY 21, 2019
The branch-digital debate obscures the point that great customer experience, which increasingly may include advice, is what consumers want. The post Branch Versus Digital Banking isn’t the Issue, Customer Experience is appeared first on The Financial Brand.
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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.
FICO
JULY 21, 2019
Last month I presented at the PSD2 Strong Customer Authentication Summit in London on the challenges of making sure that every customer has a compliant route to authentication. Two days later, the EBA published their latest opinion on SCA and while it seems to offer a little flexibility in terms of the timescales for implementation, in my view it also added some practical challenges in terms of how it can be implemented.
The Financial Brand
JULY 21, 2019
The growth in use of digital banking is slowing due to lack of consumer education and outdated mobile apps. The post Digital Banking Growth Is No Longer Guaranteed appeared first on The Financial Brand.
PYMNTS
JULY 21, 2019
Trade wars? Check. Geopolitical fears? Check. And yet the consumer continues to spend, and just as importantly, to bank. Wall Street may have been focused on trading revenues and warnings over interest rate cuts. But for those observers watching reports from Bank of America, American Express and others, one strong signal came from the continuing trend of spend.
The Financial Brand
JULY 21, 2019
Banks and credit unions can succeed on LinkedIn if they devote serious efforts to it. Knowing why you are using social media is key. The post LinkedIn Reach Improves When Financial Brands Use Employee Advocacy 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.
PYMNTS
JULY 21, 2019
The flow of Chinese cash into America has fallen almost 90 percent since Donald Trump became President. The decline has impacted numerous industries including Silicon Valley startups, the Manhattan real estate market and state governments. As for the cause, blame it on a combination of stricter regulatory scrutiny in the U.S. as well Beijing’s tougher limits on foreign spending.
PYMNTS
JULY 21, 2019
The U.S. ban on sales to China’s Huawei is expected to be a topic of discussion Monday (July 22) between White House regulators and tech executives. Semiconductor and software executives were invited to a meeting by White House economic adviser Larry Kudlow, two sources briefed on the meeting told Reuters. Treasury Secretary Steven Mnuchin is also expected to attend the White House event, along with Intel Corp, Qualcomm Inc., Google and Micron, Reuters said.
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