Chris Skinner
JUNE 30, 2019
The main blog headlines are … Platform, marketplace, ecosystem … buzzword bingo! I encounter lots of banter about platforms, marketplaces and ecosystems, and do wonder in the flippant way people use them interchangeably whether they really understand what they are talking about. I’m sure many do but I’m also sure … The post The Finanser’s Week: 24th June – 30th June 2019 appeared first on Chris Skinner's blog.
PYMNTS
JUNE 30, 2019
As a way to provide users with an alternative to sign-in platforms from Google as well as Facebook, Apple debuted a new Sign In with Apple platform at WWDC 2019 in June. But the OpenID Foundation is posing questions about some of Apple’s decisions regarding the Sign In with Apple platform, 9to5Mac reported. The foundation said in an open letter posted online, “OpenID Connect was developed by a large number of companies and industry experts within the OpenID Foundation (OIDF).
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Chris Skinner
JUNE 30, 2019
Things we’re reading today include … Deutsche Bank in wealth management hiring spree What first-home buyers should know about ‘bank of mum and dad’ Amazon’s Jeff Bezos pays out $38bn in divorce settlement Catch-22 and the real and immediate danger of Brexit Fearing stock market rout, investors seek shelter in … The post Things worth reading: 1st July 2019 appeared first on Chris Skinner's blog.
PYMNTS
JUNE 30, 2019
To continue fueling its transformation and focus on priorities of a regulatory nature, Wells Fargo has reportedly formed a new office. The Strategic Execution and Operations office, which is led by Derek Flowers, is said to be made of multiple teams, Seeking Alpha reported. The office is said to be comprised of the sales practice consent order office; the regulatory consent order and risk framework execution office; the business process management and operational design team; and regulatory rela
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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
JUNE 30, 2019
By turning compatibility into a nonissue, APIs help enable open banking, which has the potential to offer core banking services such as payment initiation or account balances through APIs, writes JPMorgan Chase's Stephen Markwell.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Independent Banker
JUNE 30, 2019
“When our customers’ needs take center stage, we identify creative solutions to help them achieve their dreams.”. When I think about how the lending market has changed over the past decade, there is one consistent theme—community banks have been, and continue to be, the backbone of our nation’s financing. Despite regulatory hurdles and increased competition from nonbank providers, community banks thrive in both consumer and commercial lending.
PYMNTS
JUNE 30, 2019
To continue fueling its transformation and focus on priorities of a regulatory nature, Wells Fargo has reportedly formed a new office. The Strategic Execution and Operations office, which is led by Derek Flowers, is said to be made of multiple teams, Seeking Alpha reported. The office is said to be comprised of the sales practice consent order office; the regulatory consent order and risk framework execution office; the business process management and operational design team; and regulatory rela
Payments Source
JUNE 30, 2019
Most large banks have declared their strategies for adopting contactless cards, but the rank and file of FIS’ midsize and smaller issuers are still weighing their options about when to flip the switch.
PYMNTS
JUNE 30, 2019
The United States Department of Justice has announced that Jun Ying, the former Chief Information Officer (CIO) of Equifax U.S. Information Solutions, has been sentenced to federal prison for insider trading. “Ying thought of his own financial gain before the millions of people exposed in this data breach even knew they were victims,” said U.S. Attorney Byung J.
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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
JUNE 30, 2019
The banking sector has caught “digital transformation fever” Technology Mobile Online Tech Management Feature3 Fintech Feature CSuite.
PYMNTS
JUNE 30, 2019
Opendoor , the startup that operates an online platform for buying and selling homes, “is reshuffling staff and scaling back on a time-honored startup perk: free lunch,” according to a report from Bloomberg. The report went on to say that “Opendoor, most recently valued at $3.8 billion, began firing almost 50 of its roughly 1,300 employees in June, according to people familiar with the matter.
BankBazaar
JUNE 30, 2019
If you’re thinking of selling your car without paying off your Car Loan, you can do so by transferring your Car Loan. Read on to know more. Buying a car with your own money is probably a dream everyone nurtures (especially those who’re dependent on Uber/Ola for their daily commute and the uncertainty that comes with them). Say you have finally bought your dream car by taking out a Car Loan but a few years into it realise that you’re not being able to afford the monthly repayments.
Banking Exchange
JUNE 30, 2019
Perhaps JP Morgan should expect a trophy for being more progressive than the progressives Management Feature Financial Trends Duties The Economy Human Resources Feature3.
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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.
BankBazaar
JUNE 30, 2019
Is your Credit Score below 750? No worries! Just follow these simple tips and your score will soon cross the 750 mark. Wondering what a Credit Score is? Well, it is a three-digit number, ranging between 300 and 900, that is populated based on all your credit-related financial transactions. By credit-related financial transactions, we’re referring to your Credit Card/s payments and loan EMI payments.
The Financial Brand
JUNE 30, 2019
Most bank branch usage research is impacted by the inability of traditional banks to deliver a competitive digital banking solution. The post Beware of Bank Branch Usage Myths appeared first on The Financial Brand.
PYMNTS
JUNE 30, 2019
June was a busy month for cross-border payments — done across currencies and time zones, between consumers and corporates. Going by a simple perusal of headlines, cross-border was, has been and will be in the cross hairs of many a payments player, across many a strategy, via fiat or digital coins, that aims to fix what’s broken in transactions done across currencies — especially in B2B.
The Financial Brand
JUNE 30, 2019
Consumers favor personalized bundles of financial services in the manner of Amazon Prime. The risk is that Amazon does it before banks do. The post Banking by Subscription Could Be Crucial to Financial Brands’ Future 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.
PYMNTS
JUNE 30, 2019
The Trump administration claims that its plan to roll back some federal rules will lead to an increase in Americans’ household incomes. In a report released late last week, the White House Council of Economic Advisers revealed that the administration’s deregulation agenda, which includes getting rid of rules on internet providers, healthcare companies, finance companies and small businesses, would give American households an extra $3,100 a year, on average, within five to ten years.
The Financial Brand
JUNE 30, 2019
Research suggests banks and credit unions need to rethink their mobile functionality with fresh eyes focused squarely on customer experience. The post Great Mobile Banking UX Demands More Than Flood of Features appeared first on The Financial Brand.
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