Sun.Mar 03, 2019

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A land down under … can you hear the banks thunder?

Chris Skinner

I just had a week down-under in the land of the roo, and discovered that the RBA – Reserve Bank of Australia – has done an about turn in the last couple of years and encouraged some innovation in banking (at last!). As a result, I was pleasantly surprised to … The post A land down under … can you hear the banks thunder? appeared first on Chris Skinner's blog.

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Cannabis Fund Profits 50 Pct Since January

PYMNTS

The world’s first cannabis exchange traded fund (ETF) has returned more than 50 percent so far this year, growing to $1.3 billion in assets. According to The Financial Times , the Horizons Marijuana Life Sciences Index fund is currently the 18th largest ETF in Canada, and is set become the second most profitable in the country. “There is high demand for these products without much supply, which allows the managers to charge a premium and be almost immune to the fee pressure that is widespread ac

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The Finanser’s Week: 25th February – 3rd March 2019

Chris Skinner

The main blog headlines are … How to be a Unicorn (Part One) Marko Wenthin, co-founder of solarisBank, recently contributed to my blog and, as a mate, has sent some great insights about starting up a FinTech firm which I thought I would share of FinTech banks last week. How to be … The post The Finanser’s Week: 25th February – 3rd March 2019 appeared first on Chris Skinner's blog.

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Amazon, Chase Donate To Whole Foods Planet Foundation

PYMNTS

Whole Foods has announced that both Amazon and Chase will donate a portion of purchases made with an Amazon Rewards Visa Card to Whole Planet Foundation, a nonprofit that fights global poverty through microloans. The companies will donate an amount equal to 2 percent of in-store and online purchases that are made with an Amazon Rewards Visa Card — up to one million dollars — to the Foundation.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

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For payments, Generation Z is 'generation e-wallet'

Payments Source

To keep up with demands for instant digital payments, retailers should explore options to make their payment processes quick and easy, according to Steve Davidson, vice president of warranty products at Fortegra.

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The Power Of Customer Insights Will Define Digital Banking Winners

The Financial Brand

Data, analytics and the deployment of proactive digital solutions will define the retail banking winners of the future. The post The Power Of Customer Insights Will Define Digital Banking Winners appeared first on The Financial Brand.

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Brexit Prompts EU Watchdog To Urge Protection Of Consumer Deposits

PYMNTS

Ahead of the U.K.’s potential departure from the European Union, the bloc’s banking watchdog is imploring member states to protect the deposits of customers. While national deposit schemes cover bank deposits up to 100,000 euros, that protection does not cover branches of banks from not in the bloc, Reuters reported. The European Banking Authority said that member states of the E.U. should make sure that deposits in bloc branches of U.K. banks are protected.

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4 Toughest Digital Marketing Challenges Financial Brands Face Today

The Financial Brand

Here are solutions to common shortcomings that will help financial marketers spearhead the shift to a digital-first strategy. The post 4 Toughest Digital Marketing Challenges Financial Brands Face Today appeared first on The Financial Brand.

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Facebook Lawsuit Goes After Sellers Of Fake Accounts

PYMNTS

To tackle “fraudulent activity” on its platform, Facebook and Instagram are suing four companies and individuals in China. The case is over the sale of fake accounts, followers and likes, according to a post from the company. Facebook Vice President and Deputy General Counsel of Litigation Paul Grewal said, according to the post, “Inauthentic activity has no place on our platform.

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The State of Automation in Financial Services 2024 Report

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

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Traditional Lenders Losing More Ground As Fintech Loan Share Surges

The Financial Brand

When consumers can access credit with a simple app and a tap, banks and credit unions find themselves battling online lenders full bore. The post Traditional Lenders Losing More Ground As Fintech Loan Share Surges appeared first on The Financial Brand.

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US, China Near Completion Of Trade Deal

PYMNTS

With both countries potentially lifting tariffs, the U.S. and China are reportedly nearing a trade deal. A formal agreement could come around the end of March, although hurdles do remain in such a potential arrangement, The Wall Street Journal reported. The U.S. is reportedly pondering the removal of many sanctions brought against products from China, while China is said to be willing to decrease restrictions and tariffs on some American goods.

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Ola Raises $56M In First Funding Round

PYMNTS

Ola Electric Mobility, which is backed by Indian ride-hailing company Ola , announced that it has raised 4 billion rupees ($56.4 million) in its first funding round. According to Reuters , the funding was led by several of Ola’s early investors including Tiger Global and Matrix India. The news comes right after India approved a plan to spend $1.4 billion to subsidize sales of electric and hybrid vehicles in an effort to curb pollution and the country’s need for fossil fuels.

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Personal Income, Consumer Spending Signal Weak Q1 Growth

PYMNTS

Amid the biggest drop in consumer spending since 2009, personal incomes in the U.S. declined for the first time in over three years. The moves began the early part of the first quarter by placing the economy on a path of weak growth, Reuters reported. AllianceBernstein Senior U.S. Economist Eric Winograd said, according to the news outlet, “A modest slowdown remains the most likely path for 2019.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.