Bank Innovation
APRIL 19, 2018
EXCLUSIVE - For all the talk about appealing to millenials, not that many banks or FIs out there have figured out social media. Sure, most of them (if not all) use various social media platforms such as Twitter, Facebook, or even YouTube to promote their products and services, but it wasn’t easy to find ones […].
Payments Dive
APRIL 19, 2018
Jared Ronski, principal at PayArc, discusses the customer experience around mobile apps, including the actual payments process for users.
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Bank Innovation
APRIL 19, 2018
Personal payment cards issued by the Royal Bank of Canada are now supported by Samsung’s mobile payment system, Samsung Pay, the company announced today. The partnership is part of a broader expansion by Samsung into the region, joining existing partnerships with other Canadian banks such as Scotiabank, Visa Canada, Interac Debit, and the Canadian Imperial […].
Chris Skinner
APRIL 19, 2018
I get invited to lots of different events from speaking and moderating conferences to joining via Skype or WebEx to running webinars and tweetups. I had one of those the other day with Oracle, and they kindly wrote a summary of what we discussed. Enjoy and for the record, the … The post What does crusty old bread, jumping off a cliff and King Canute have to do with financial services?
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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
Bank Innovation
APRIL 19, 2018
EXCLUSIVE— Banks are competing on multiple new platforms, with a rising number of competitors, but traditional banks still have the majority of the consumer’s trust: at least according to Carey Kolaja, chief product officer for Citi Fintech. While fintechs and other FIs continue to nudge their way into the financial ecosystem, 87% of consumers “still […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
APRIL 19, 2018
Batavia, the blockchain-based transaction platform developed by multiple banks, has passed its first live pilot. The pilot successfully tested the entire sales cycle on Batavia’s blockchain technology in the form of two trades; car sales from Germany to Spain, and textile raw materials to Austria from Spain. The platform will now move to a new […].
Payments Dive
APRIL 19, 2018
This case study reveals how TNS is helping AVEO Group, on behalf of its Credit Agricole Group entities, to strengthen its payments infrastructure. The TNS solution has been designed to deliver all types of transaction traffic and provides real-time visibility, monitoring and reporting.
Bank Innovation
APRIL 19, 2018
EXCLUSIVE - Elevate Credit will launch a new credit card product that targets subprime clients in June, for which the company has teamed up with Mastercard. “One of the unique things about this card is that, unlike most subprime credit card products whose credit lines tend to be below $500, this one is significantly larger,” […].
PYMNTS
APRIL 19, 2018
Restaurants are smart to invest in digital ordering. In 2017, restaurant customers placed more orders digitally than in any other year on record, and projections say those figures will continue to grow in the months and years to come. Now, restaurant payment is also going digital. The most recent issue of the Restaurant Readiness Index reveals that a restaurant’s decision to accept payment methods like QR codes and contactless payments is one of the key factors in determining whether the merchan
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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
Bobsguide
APRIL 19, 2018
Over the counter (OTC) derivatives such as swaps and forwards are versatile and flexible instruments, used by investment managers globally for hedging unwanted foreign exchange (FX) and interest rate risk, implementing yield enhancement strategies and creating innovative factor-based investment.
PYMNTS
APRIL 19, 2018
Data from EMVCo shows that 54.6 percent of all cards issued globally by the end of 2017 were EMV-enabled. In addition, the number of EMV payment cards in circulation around the world increased by 1 billion over the previous 12 months — to a total of 7.1 billion. “Both EMV chip card issuance and EMV chip transactions surpassing 50 percent globally is testament to the increasing maturity of the worldwide infrastructure, and [is] a significant milestone for the payments community,” EMVCo Executive
Payments Source
APRIL 19, 2018
This update will be an immense help to the broader payments industry in the ongoing adoption of cloud computing by organizations subject to PCI compliance obligations, writes Dan Stocker, practice director of commercial services for cloud and technology at Coalfire.
PYMNTS
APRIL 19, 2018
Affirm announced it is partnering with various brands and retailers to offer shoppers a simple, no-interest monthly payment option on purchases of any size. The company, founded by entrepreneur Max Levchin, allows shoppers to make transparent payments over time for purchases up to thousands of dollars, with terms ranging from three to 36 months. Affirm, which already partners with over 1,200 merchants, including fashion brands like Tamara Mellon, Rebecca Minkoff, Paul Evans and Shinola, is looki
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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
APRIL 19, 2018
Major card brands have been competing to surpass each other with rewards and premium card offerings for decades, but American Express still views the premium card world as one it dominates.
PYMNTS
APRIL 19, 2018
A recent study says that U.S. eCommerce will exceed $506 billion this year. By 2022 online retail sales will go beyond $712 billion. According to news from Retail Dive , the study, released this week by Forrester Research, shows that 98 percent of American adults already go online at least once a day. Many shoppers are choosing eCommerce because the information they find online is often more helpful than what’s available in the store.
Bobsguide
APRIL 19, 2018
Evolving regulatory requirements are resulting in complex challenges for financial institutions around the globe. No longer just a ‘nice to have’ requirement, the ability to quickly and accurately reconstruct trade records, and proactively spot compliance breaches is now essential to.
PYMNTS
APRIL 19, 2018
Artificial intelligence (AI) continues to permeate consumers’ lives, so naturally, small businesses (SMBs) are following suit. For entrepreneurs and small business employers, the promise of AI technology lies in cost savings. While that could come in many forms — from automated processes to faster identification of financial fraud and errors — new research from LendEDU suggests entrepreneurs are turning to artificial intelligence in hopes of alleviating some of the pressure of a more expensive
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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.
Payments Source
APRIL 19, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon's folding Whole Foods loyalty program into Prime; Mastercard and Visa plan a new payments button; Google Pay extends to private jets; Snapchat adds shopping; Supply chain tech expands in Africa; TranserWise joins the U.K.'s faster payments program.
PYMNTS
APRIL 19, 2018
Consumers want their orders faster than ever before. Quick-service restaurants (QSRs) are working to make the ordering process faster too. Wendy’s , for example, planned to roll out self-ordering kiosks at about 1,000 of its retail locations by the end of 2017 in an attempt to both lure younger customers and to battle long lines at peak dining hours.
Payments Source
APRIL 19, 2018
Despite its popularity — or perhaps because of it — the cryptocurrency exchange Coinbase has been at the front lines of many of the issues plaguing the cryptocurrency market. Its new e-money license in the U.K. could go a long way to easing some of those pains.
PYMNTS
APRIL 19, 2018
FICO ’s Falcon Assurance Navigator solution is now available on Amazon Web Services (AWS). The analytics software firm announced news on Wednesday (April 18) that Falcon Assurance Navigator, its solution to help identify fraud and spend waste in the procurement function, is now available on AWS, enabling end users to benefit from both tools, according to Doug Clare, vice president of product management at FICO.
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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.
Payments Source
APRIL 19, 2018
It's too soon to tell whether a new button would replace Visa Checkout and Masterpass as brands. It's also unclear why consumers would choose another new payment option over the many options available today — such as PayPal.
PYMNTS
APRIL 19, 2018
A lot has been written in recent years about everything that has gone wrong at Macy’s. The storied department store is a bit more than a brand at this point. At 159 years old, it officially counts as a retail institution — one that hasn’t spent much of the last few years looking too healthy. The explanations given for why vary. Some think it’s the overly large physical footprint — particularly in malls — in an era where customers are shopping in-store less.
Payments Source
APRIL 19, 2018
Mobile payments provider iZettle is adding an e-commerce platform that will expand merchants' capabilities to accept payments in-store and online.
PYMNTS
APRIL 19, 2018
In an effort to generate revenue directly through the products it delivers to consumers, the United Parcel Service (UPS) is launching a loyalty discount program. UPS My Choice Deals offers discounts on products ranging from tires to luxury clothes, Reuters reported. Through the program, more than 43 million consumers can access 500 deals, which include offers such as 20 percent off Neiman Marcus clothes or 10 percent off Goodyear tires.
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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.
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