Chris Skinner
SEPTEMBER 15, 2019
For all the talk about how well FinTech start-ups are doing, I hear two regular laments from bank CEOs. First, why aren’t we valued like FinTechs? and second, why aren’t FinTechs regulated like us. On the first point, it’s quite clear that FinTech start-ups are being valued on potential and … The post The two big issues bank CEOs have with FinTech appeared first on Chris Skinner's blog.
PYMNTS
SEPTEMBER 15, 2019
Deutsche Bank , Germany’s largest bank, is joining the 320 banks in the JPMorgan Chase -led blockchain initiative, the Financial Times reported Sunday (Sept. 15). The move is intended to lower costs at Deutsche Bank — which clears more euro-denominated payments than any bank worldwide — and speed up cross-border disbursements to avoid expensive lag times.
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BankBazaar
SEPTEMBER 15, 2019
Love to travel but looking for a better way to plan your upcoming trips? Here are some neat tips straight from the books of successful travel bloggers. Gone are the days when travel was just considered a break from work. In today’s world, youngsters are making a living out of being travel bloggers. Sure, there are hurdles and struggles along the way, but with the world opening up new possibilities in the ever-changing digital era that embraces influencers as an organic window to business a
PYMNTS
SEPTEMBER 15, 2019
Uber might finally turn a profit — not through its rideshare program, but due to its trucking division. The trucking industry generated $796 billion in revenue last year, while the global ride-hailing market was valued at just $36 billion in 2017. And since its launch in 2017, Uber Freight now has a team of hundreds, with offices in San Francisco, Chicago and Amsterdam.
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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
SEPTEMBER 15, 2019
In response to rising concern about the environment, American Express has redesigned its classic Green Card to contain recycled plastic gathered from the ocean.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Banking Exchange
SEPTEMBER 15, 2019
Banks report they plan to develop new innovative services focused on Real-Time over the rest of 2019 into 2020 Technology Financial Research Feature Financial Trends Tech Management Mobile Online Feature3.
PYMNTS
SEPTEMBER 15, 2019
Cubans are turning to digital currencies to get around U.S. sanctions. With the U.S. trade embargo prohibiting Cubans from obtaining credit or debit cards for international use, many residents are buying cryptocurrencies to make purchases online, as well as to invest and trade, according to Reuters. “This is really opening new doors for us,” said Jason Sanchez, who owns a cellphone repair shop in Havana and uses bitcoin to purchase parts not available in Cuba from an online Chinese store.
Ron Shevelin
SEPTEMBER 15, 2019
Chime, the San Francisco-based challenger bank, just surpassed five million FDIC-insured bank accounts in only about five years in operations. The first 5 million are always the easiest. The neobank is looking at some challenges ahead.
PYMNTS
SEPTEMBER 15, 2019
Square Crypto has announced that it is giving the first of many grants to support open-source bitcoin projects to the BTCPay Foundation. The crypto-focused branch of mobile payment company Square is giving the BTCPay Foundation a grant of $100,000 to support BTCPay Server, an open-source cryptocurrency payment processor that can allocate the funds to create anything, “as long as it’s free and open-source software that improves the security, scalability, privacy, user experience or fungibility of
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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
Banking Exchange
SEPTEMBER 15, 2019
They are also investing in the financial technology companies themselves Technology Fintech Feature Management Financial Trends Feature3 M&A Lines of Business.
PYMNTS
SEPTEMBER 15, 2019
SoFi has announced that it has signed a 20-year agreement with LA Stadium and Entertainment District at Hollywood Park to be the exclusive naming rights partner of the new SoFi Stadium, the future home of the Los Angeles Chargers and the Los Angeles Rams. The lender will also be an official partner of each of the teams, as well as a partner of the performance venue and surrounding entertainment district.
Payments Source
SEPTEMBER 15, 2019
Consumers and banks are both concerned about security tied to contactless payments, says Fingerprints' Lina Andolf-Orup.
PYMNTS
SEPTEMBER 15, 2019
Libra Association representatives are getting ready to face questioning by 26 central banks over the potential peril the proposed cryptocurrency poses to financial strength, the Financial Times reported Sunday (Sept. 15). The U.S. Federal Reserve and the Bank of England are among the banking regulators that will convene with Facebook’s Libra on Monday (Sept. 16), in a meeting that will be chaired by Benoît Coeuré of the European Central Bank.
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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 Financial Brand
SEPTEMBER 15, 2019
Many of the most successful fintech firms are using data and modern technology to gain scale and brand awareness to be considered formidable competition. The post Fintech Firms Maturing, Using Data to Expand Service Offerings appeared first on The Financial Brand.
PYMNTS
SEPTEMBER 15, 2019
The too-good-to-be-true subscription service MoviePass has shut down after an official two-year run and millions of users, The New York Times reported Friday, Sept. 13. The subscription service offered customers various plans to see up to a movie a day in theaters for less than $10 a month, a business model that proved to be unsustainable. MoviePass’s parent, Helios + Matheson Analytics Inc. , is exploring all options, including a business reorganization or a sale of the entire company.
The Financial Brand
SEPTEMBER 15, 2019
Putting together the right marketing technology for banks and credit unions calls for careful planning and putting the best people in charge. The post Martech Strategies Financial Marketers Must Tee Up for 2020 appeared first on The Financial Brand.
PYMNTS
SEPTEMBER 15, 2019
Singapore’s Hong Leong Finance is going to take advantage of the country’s plan to issue virtual banking licenses to transform itself into a tech-savvy lender. The company is currently in talks with FinTechs about a joint application for one of the licenses, said President Ang Tang Chor, adding that Hong Leong would like to attract more millennials and newly established firms to its customer base.
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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 Financial Brand
SEPTEMBER 15, 2019
Without a modern marketing function driving customer experience, banks and credit unions will struggle to hold consumers' trust and loyalty. The post What’s Required to Create a Hyper-Relevant Financial Institution appeared first on The Financial Brand.
PYMNTS
SEPTEMBER 15, 2019
A massive data breach has compromised the records of 198 million car buyers. Jeremiah Fowler, a senior security researcher at Security Discovery , discovered the breach after coming across the same 413GB dataset multiple times. “It was clear that this was a compilation of potential car buyers wanting more information,” Fowler said, telling Forbes that the data included “loan and finance inquiries, vehicles that were for sale, log data with IP addresses of visitors, and more.”.
The Financial Brand
SEPTEMBER 15, 2019
Many retail bankers see branches' role becoming mainly advisory. However, a big gap exists between that expectation and the readiness for it. The post How Banks & Credit Unions Can Reshape Branches as ‘Advice Centers’ appeared first on The Financial Brand.
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