Chris Skinner
JULY 28, 2019
I wrote a couple of recent blogs about the issue with finding good developers and attracting them to banks. The first, about the war for talent, made the statement: the main motivation of developers joining a firm is to solve interesting problems. The second, titled When code is art, how do … The post Banks need a purpose other than making money appeared first on Chris Skinner's blog.
PYMNTS
JULY 28, 2019
Jack Ma ’s MYbank is aiming to change the way China lends to small businesses. The 4-year-old bank uses real-time payments data and a risk-management system that analyzes more than 3,000 variables to allow borrowers to apply for a loan on a smartphone and receive cash almost instantly if approved. The whole process takes three minutes. So far MYbank has lent 2 trillion yuan ($290 billion) to nearly 16 million small companies, with a default rate of only about 1 percent.
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BankBazaar
JULY 28, 2019
Choosing the right destination will ensure that your wedding is unique and fun-filled. You also need to know how much it will cost you. Here are the answers! A rad wedding is more talked about than a grand one. Any wedding that is different as well as enjoyable is remembered by everyone including the bride and groom. The best way to ensure a memorable wedding is to arrange it all away from the hustle and bustle of the cities.
PYMNTS
JULY 28, 2019
Apple’s Siri AI (artificial intelligence) assistant sends audio to human “graders” that includes sexual encounters, medical information, drug deals and other private moments recorded without users’ knowledge. The data, Apple said, “is used to help Siri and dictation … understand you better and recognize what you say,” the Guardian said. A whistleblower asking to remain anonymous revealed concerns about the lack of disclosure about accidental activation picking up sensitive information, the news
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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 28, 2019
Banks and fintechs such as payment apps depend on one another a lot more than their marketing messaging would lead you believe. The question is no longer whether they can partner, but how they can work together to optimize those synergies for one another, writes Flywire's Mike Massaro.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
JULY 28, 2019
As checkout-free stores dramatically reduce — or even eliminate — the need for point-of-sale devices, terminal makers are turning their focus to multi-channel services that can keep younger, digitally-savvy customers coming into stores.
PYMNTS
JULY 28, 2019
Japanese chat app operator Line is set to launch an online grocery service in Thailand by the end of the year. The service — Line Man Grocery — will allow customers to have food and other items delivered, said Phichet Rerkpreecha, the CEO of Line Thailand. In addition, the company is launching Line Shopping, a platform that connects buyers and sellers via chat.
BankBazaar
JULY 28, 2019
Bringing up children can be both rewarding and frustrating at the same time. Naturally, as a parent, you want your child to evolve into a mature, well-mannered, financially independent young adult. Someone who will make you proud! You’ve probably put a lot of thought into the kind of education your child is going to get and the activities they will take part in.
PYMNTS
JULY 28, 2019
The owner of the hacked Japanese crypto exchange Coincheck is looking to join Facebook’s Libra cryptocurrency project. Japan’s financial services giant Monex Group Inc. announced the company filed an application to join the Libra Association, CoinTelegraph reported on Friday (July 26). Monex is the owner of the cryptocurrency exchange Coincheck that was hacked in 2018, losing around $400 million in NEM (XEM) coins.
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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
The Paypers
JULY 28, 2019
(The Paypers) Ecommerce transactions in the UAE are forecast to total USD 16 billion in 2019 and grow 23% annually between 2018 and 2022, according to a joint study by Dubai Economy and Visa.
PYMNTS
JULY 28, 2019
The Brazil-based FinTech Nubank raised $400 million in a Series F round of funding led by TCV , making it the first major Latin American investment by the Menlo Park, California fund. . Nubank was founded in 2013 as a small startup aimed at giving people control over their financial lives. In this seventh round series F funding, the company raised $400 million and is now the largest “digital bank” in the world, a Nubank press release said. .
The Financial Brand
JULY 28, 2019
The death of branches is not in sight due to strong sales and consumer choice, new data show. But digital banking is altering branches' role. The post Without Branches, Banks and Credit Unions Say They Can’t Survive appeared first on The Financial Brand.
PYMNTS
JULY 28, 2019
Supermarket giant Kroger and online grocery retailer Ocado are joining forces to build the second of 20 planned automated warehouse facilities. The two companies have broken ground on what they call America’s second “customer fulfillment center” (CFC), located in Groveland, FL, according to a press release. The $55 million center, expected to become operational in 2021, will measure up to 375,000 square feet and is expected to generate up to 400 new jobs.
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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
JULY 28, 2019
During times of financial prosperity, it is important for financial institutions to invest in the digital transformation needed to succeed in the future. The post Should Financial Institutions Change During Times of Prosperity? appeared first on The Financial Brand.
PYMNTS
JULY 28, 2019
People in Arkansas can now get groceries delivered via a new Walmart pilot with Gatik using self-driving cars that include a human safety driver behind the wheel. Following the state’s new law allowing autonomous vehicles, Palo Alto, California-based Gatik was approved by the Arkansas Highway Commissioner to launch a commercial service with Walmart, Walmart said in a press release. .
PYMNTS
JULY 28, 2019
People in Arkansas can now get groceries delivered with a new Walmart pilot with Gatik using self-driving cars that include a human safety driver behind the wheel. Following the state’s new law allowing autonomous vehicles, Palo Alto, California-based Gatik was approved by the Arkansas Highway Commissioner to launch a commercial service with Walmart, Walmart said in a press release. .
PYMNTS
JULY 28, 2019
Initial coin offering (ICO) consultant CoinLaunch will pay $50,000 to settle with the Ontario Securities Commission (OSC). According to the regulator’s website , CoinLaunch was consulted on two ICOs, with both determined to be securities. CoinLaunch reportedly created the tokens, white papers and websites, advised on the sale structure and made introductions, which was found to be an act beyond the trade of the security tokens.
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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.
PYMNTS
JULY 28, 2019
The London Stock Exchange Group ( LSE ) has revealed that it is in discussions to acquire financial data analytics provider Refinitiv Holdings for $27 billion. The deal would come less than a year after Blackstone Group acquired a majority stake in Refinitiv from Thomson Reuters Corp , valuing the company at $20 billion including debt. LSE said it would pay for the deal with newly issued LSE shares, which could turn Refinitiv’s current investors into LSE shareholders with about 37 percent of the
PYMNTS
JULY 28, 2019
A $5 million gift from Craiglist’s Craig Newmark Philanthropies will support a new program, led by former Facebook security expert Alex Stamos. The project will battle online abuses and misuses on the platform such as disinformation and election interference, Reuters reported on Friday (July 26). “The ability to do academic research on what’s happening online has never been worse,” Stamos told the Guardian. .
PYMNTS
JULY 28, 2019
Dutch takeout giant Takeaway.com is in talks to buy London’s Just Eat and create a £9 billion ($11.1 billion) online food ordering business that is expected to be more competitive to younger rivals Uber Eats and Deliveroo. “The possible combination may be implemented by way of an offer for Just Eat by Takeaway.com,” Just Eat said in a statement on Saturday (July 27).
PYMNTS
JULY 28, 2019
Initial coin offering (ICO) consultant CoinLaunch will pay $50,000 to settle with the Ontario Securities Commission (OSC). According to the regulator’s website , CoinLaunch was consulted on two ICOs, with both determined to be securities. CoinLaunch reportedly created the tokens, white papers and websites, advised on the sale structure and made introductions, which was found to be an act beyond the trade of the security tokens.
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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 28, 2019
Despite President Donald Trump’s recent threats, French Finance Minister Bruno Le Maire said that his country is moving forward with taxing big tech firms. His comments came after Trump threatened to tax French wines in retaliation for its plan for a digital services tax, which he says unfairly targets U.S. companies. “It’s in our interest to have a fair digital tax,” Le Maire told reporters, according to Reuters.
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