Bank Innovation
JUNE 13, 2018
Within the fintech landscape, is insuretech becoming the popular choice for investors? According to a Medici report, investment in insuretech, which it recognizes as a subcategory of fintech, was higher than investment in blockchain and B2B during the month of May. Fintech investment trends broken down by industry indicate a clear surge in insuretech investment. […].
PYMNTS
JUNE 13, 2018
Shares of the Dutch payment processing firm Adyen debuted Wednesday (June 13) at €400, or about $470, which stood at 67 percent higher than the company’s IPO pricing. Share were selling at more than €500 ($589). Trading of Adyen shares took place on Amsterdam’s Euronext exchange. The company had raised €947 million ($1.1 billion) for its investors in the biggest technology IPO in Europe so far this year.
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Bank Innovation
JUNE 13, 2018
PREMIUM - Digital channels will play a larger role in increasing Bank of America’s deposit growth, a key part of the bank's business strategy. Currently, 26% of BofA's sales come from its digital front, but according to Dean Athanasia, president of consumer & small business at BofA, the goal is to drive that number up […].
PYMNTS
JUNE 13, 2018
In the age of Big Data, global supply chains quickly flocked to analytics solutions that offered predictability and agility in a market swayed by geopolitical shifts, regulatory risks and even the weather. Initially, the enterprise struggled to be able to collect the data they needed, and to ensure that the data was of a high enough quality to make use of that information.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Bank Innovation
JUNE 13, 2018
PREMIUM - Millennials have Venmo, banks have Zelle, but what’s the P2P payments preference for credit unions? It’s not that credit unions cannot connect to the bank-backed (and bank-owned) payments system that is Zelle. In fact, credit unions like America First Credit Union and Mountain America Federal Credit Union are already connected to Zelle’s platform. […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
JUNE 13, 2018
PCI compliance can take time and is expensive, but it's a vital part of security and there are ways to mitigate the resource challenges, according to Justin Shipe, vice president of information security for CardConnect.
PYMNTS
JUNE 13, 2018
It was once the case that innovation — no matter the industry — took time. Judicious planning. Trial and error. Increasingly, though, time has become the scarcest of commodities. Thus, when it comes to payments, the name of the game is innovation on the fly. Innovation in real time, you might say, is key in bringing new technologies and new methods to markets.
Gonzobanker
JUNE 13, 2018
“Literally the only person who is going to be against this is somebody who wants to protect payday lender profits.” -Sen. Kirsten Gillibrand. You have no doubt read that Sen. Kirsten Gillibrand, D-N.Y., has introduced legislation that would essentially turn our nation’s 36,000 post offices into quasi-banks to squash payday lenders and provide more affordable financial services to the unbanked and underbanked along the way.
PYMNTS
JUNE 13, 2018
As the Silent Generation is aging deeper into their 80s, and the oldest members of the Baby Boomer Generation are celebrating birthdays deeper into their 50s, elder care in the United States is becoming a more pressing and complicated issue by the day. Yet, Karen.care Co-founder and CEO Paul Shustak told Karen Webster in a recent conversation that those huge costs and complexities are a bit on the invisible side to most people, because family members providing unpaid care for older family member
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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
Bobsguide
JUNE 13, 2018
The global financial crash of 2008 had repercussions which filtered into the daily lives of almost every person bound to the economic cycle. For a select few, the repercussions were positive, for most and to varying degrees, they were decidedly negative. Amongst those impacted were corporate.
PYMNTS
JUNE 13, 2018
Samsung NEXT has announced the launch of Samsung NEXT Q Fund to fund startups involved in artificial intelligence (AI). Q Fund will provide Seed and Series A financing to startups solving AI problems, as well as those using AI to solve computer science problems. Vincent Tang, principal at Samsung NEXT Ventures said , “For the past 10 years, we’ve watched software eat the world.
Payments Source
JUNE 13, 2018
Brick-and-mortar stores are rapidly adding self-checkout options usually linked to proprietary mobile apps, giving merchants more control over how payment options are presented.
PYMNTS
JUNE 13, 2018
Microsoft and human resources management company ADP are partnering for a holistic business management solution that combines financial and human capital data analytics, the companies recently announced. Together, the businesses revealed they are integrating ADP’s Workforce Now HCM solutions with Microsoft Dynamics 365 Business Central. Joint business customers of the solution can unify their payroll, HR, time management, tax and other HCM functions with their business management processes
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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
Payments Source
JUNE 13, 2018
Rising technology expense and security challenges will require institutions and ATM operators to get more creative in managing resources, such as finding new uses for discarded machines, according to Mark D. Smith, director of business development for MVP Financial Equipment.
PYMNTS
JUNE 13, 2018
The future is coming to McDonald’s and, according to recent reports , that future is going to look a lot like self-service order kiosks. According to Inc. , the days of being asked “would you like fries with that” are coming to an end. Instead of a human cashier inquiring, the machine will simply pop up a fries notification. McDonald’s, which has increasingly expanded its use of self-service kiosks in the last year, says they are popular with consumers who like the abili
Payments Source
JUNE 13, 2018
Alt Thirty Six is making its digital payment platform focused on the cannabis industry available to the wholesale network of CannTrade, a partnership the companies say will eliminate the need for using cash.
PYMNTS
JUNE 13, 2018
Welcome to Five at Five, your late look at some of the day’s most important payments and commerce news. Today we have two stories — one about Amazon, the other about McDonald’s — that show how technology is replacing people. Google has a new shopping tool, a U.K. retailer has suffered a cyber breach and there is news about restaurant deliveries. Amazon Replacing Retail Vets With Software.
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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.
Payments Source
JUNE 13, 2018
The simplified pricing of fintechs like Square and Stripe has finally caught up with banks' more complex fees, prompting Wells Fargo to restructure its billing for small businesses. Other banks will also face consequences—particularly community banks that depend on local merchants.
PYMNTS
JUNE 13, 2018
Across the board, banks, credit unions and FIs are turning to new tools that rely on AI and machine learning. These features give their customers data-driven insights that can improve their financial lives, and FIs with legacy infrastructures have been using APIs to make such new offerings available. That’s beginning to change, however. FIs are now embracing development of their own APIs, using firsthand experience to build valuable products they believe consumers want.
Payments Source
JUNE 13, 2018
The world’s most profitable car manufacturer is investing $1 billion in Singapore’s Grab Holdings Inc., valuing Southeast Asia’s largest car-hailing service at just over $10 billion.
PYMNTS
JUNE 13, 2018
It’s not entirely clear yet how — or if — blockchain will transform the financial services market, but that hasn’t stopped industry players from scrambling to get a leg up on the technology and ahead of the competition. New data from Greenwich Associates put a price tag on that effort: According to Bloomberg reports Tuesday (June 12), the financial services market spends an estimated $1.7 billion dollars every year on blockchain as banks and other companies emerge from proof-of-conce
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
Payments Source
JUNE 13, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Paytm's push at the point of sale; French ride hailing app SnapCar streamlines payroll; NatWest tests cardless pay; Payments Canada adds risk management exec.
PYMNTS
JUNE 13, 2018
PayStand , a B2B payments company powered by blockchain, is launching in Canada. A press release on Tuesday (June 12) said PayStand is introducing its Payments-as-a-Service (PaaS) solution to the Canadian market. As part of its geographic expansion, PayStand said it developed an entirely new infrastructure for domestic corporate payments in the country. “Today’s commercial payments infrastructure in Canada is built on many layers of outdated technology and processes that are needless
Payments Source
JUNE 13, 2018
A fintech that has grabbed a sizeable chunk of the Australian digital payments market has made some quick merchant scores for its American launch.
PYMNTS
JUNE 13, 2018
Amazon is replacing some of its retail veterans with software that predicts what shoppers want and how much merchants should charge for it. According to Bloomberg , the retail group that helped sign multimillion dollar deals with brands selling on Amazon is now being merged with the team that runs the marketplace, an automated platform that lets anyone price, market and sell their products on the site without having to interact with anyone.
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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.
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