Payments Dive
SEPTEMBER 25, 2019
U.S. Bank, Sampath Bank Sri Lanka and First Commonwealth Federal Credit Union won honors during an awards dinner this week at the seventh annual Bank Customer Experience Summit at the Loews Chicago Hotel.
Chris Skinner
SEPTEMBER 25, 2019
It’s a weird world. I know lots of grumpy old men like me lament that, when we were growing up, we were left outside to run about as we felt, find our own way to and from school, were encouraged to read more and exercise, and such like. It seems … The post Security is about as good as a fart in a spacesuit appeared first on Chris Skinner's blog.
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Payments Dive
SEPTEMBER 25, 2019
U.S. Bank, Sampath Bank Sri Lanka and First Commonwealth Federal Credit Union won honors during an awards dinner this week at the seventh annual Bank Customer Experience Summit at the Loews Chicago Hotel.
PYMNTS
SEPTEMBER 25, 2019
The U.S. House of Representatives passed H.R. 1595, known as the Secure And Fair Enforcement (SAFE) Banking Act, on Wednesday (Sept. 25). The bill was sponsored by Congressmen Ed Perlmutter of Colorado, Denny Heck of Washington, Steve Stivers of Ohio and Warren Davidson of Ohio, all members of the House Financial Services Committee. The legislation aims to ensure that state-authorized and regulated cannabis businesses are not forced to operate with cash only.
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.
Chris Skinner
SEPTEMBER 25, 2019
Things we’re reading today include … A third of bank branches closed in less than five years Credit Suisse: watching the detectives Danske Bank: Ex-chief caught up in fraud probe found dead You never go to Pret … and 24 other signs you’ve reached financial maturity Monzo closes premium packaged … The post Things worth reading: 26th September 2019 appeared first on Chris Skinner's blog.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
SEPTEMBER 25, 2019
Platform economies want to make it easy for consumers to join. After all, scale means everything. But where there’s scale — millions of users and masses of digital IDs — there are, of course, fraudsters lying in wait and plying their trade, stealing IDs and money. And it may be the case that in the tradeoff between convenience and security, companies would do well to start looking harder into whether identity verification efforts need to be stepped up a bit, even if that means injecting friction
Bank Innovation
SEPTEMBER 25, 2019
By setting aside random amounts of money users don’t immediately need, personal finance app Digit has saved its customers more than $1 billion since its launch in February 2015. The San Francisco-based company was one of the early movers in digital money management. Using its proprietary algorithm, the Digit app connects to users’ bank accounts […].
PYMNTS
SEPTEMBER 25, 2019
Innovation can be a blanket term in the banking world. Is artificial intelligence (AI) for anti-money laundering (AML) compliance innovation? Is real-time global payments expanding to new markets? Much focus has been given to fundamentals like the payment technologies needed to support features from transactions on real-time payment rails to instant cross-border payments.
Bank Innovation
SEPTEMBER 25, 2019
The early registration deadline for Bank Innovation Build ends this Friday. Bank Innovation Build, to be held at the W Atlanta Downtown on November 6-7, 2019, is an all-new event presented by Bank Innovation. Uniquely positioned with a focus on how to develop successful innovation teams and programs at financial institutions, Build attendees will walk away with […].
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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
PYMNTS
SEPTEMBER 25, 2019
Coal, steam and oil helped to fuel the industrial revolutions we read about in history books. But as time passes and a new decade approaches – one that promises even higher levels of digital innovation and disruption – it’s becoming ever more clear that 5G mobile network technology will help power the so-called Industrial Revolution 4.0. And that fact will have significant implications for enterprises, along with payments and commerce, even if any of the effects remain relatively vague at this
Bank Innovation
SEPTEMBER 25, 2019
As fraudsters get more sophisticated, credit bureaus are sharpening their tools to detect and curtail fraudulent transactions. It’s a concern that’s captured broad attention as popular peer-to-peer payments apps like Zelle and Venmo show security vulnerabilities. For many fraud victims, these transactions are irreversible, adding pressure on institutions to develop more robust solutions.
PYMNTS
SEPTEMBER 25, 2019
In the continued drive for collaboration between the FI and FinTech, between governments and financial services providers, efforts this past week focused on the Middle East and support for new initiatives. As reported by Crowdfund Insider , the Qatar Financial Centre (QFC) has expanded the number FinTech-related activities that will be awarded licenses.
Bank Innovation
SEPTEMBER 25, 2019
The early registration deadline for Bank Innovation Build ends this Friday. Bank Innovation Build, to be held at the W Atlanta Downtown on November 6-7, 2019, is an all-new event presented by Bank Innovation. Uniquely positioned with a focus on how to develop successful innovation teams and programs at financial institutions, Build attendees will walk away with […].
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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
PYMNTS
SEPTEMBER 25, 2019
Can a person’s ear serve as one of the next frontiers of retail innovation? It might not be as far-fetched as it seems. News has recently emerged that a computer scientist has developed what Geek.com called a “novel way of unlocking your phone,” which, in turn, could one day find its way into retail uses as a new form of biometric authentication. The “tool … uses modified wireless earbuds to authenticate smartphone users via the individual geometry of their ear canal.
Bank Innovation
SEPTEMBER 25, 2019
It’s common knowledge that most IT security professionals devote the majority of their time to finding resolutions to the latest attacks affecting their customers. What they spend less time on is how they reach that resolution. Here are three questions you need to answer to lower your incident response times and ensure customers continue to […].
PYMNTS
SEPTEMBER 25, 2019
Artificial intelligence adoption continues to grow in the corporate world, and as businesses look to broaden margins, save money and drive strategic operations, the finance department is a prime target for AI-powered solutions. Increasingly, as consumers become more comfortable interacting and conversing with virtual bots and digital assistants, these technologies are stepping into corporate finance departments and finance teams, too.
Jack Henry
SEPTEMBER 25, 2019
Most financial professionals would agree that in recent years, we’ve been inundated with articles and reports containing tips and tricks for capturing the loyalty of the Millennial generation. Yet, in what felt like a blink of an eye, the oldest members of that cohort are now approaching middle-age; and today, there’s a powerful generation emerging that deserves focus and attention – Gen Z.
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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.
PYMNTS
SEPTEMBER 25, 2019
Accounts payable automation firm AvidXchange is deepening its integration into NetSuite by adding new features to its AvidXchange for NetSuite (AFN) SuiteApp. AvidXchange’s SuiteApp, built to operate within NetSuite, is adding new tools designed to strengthen control and visibility into company expenses and spending, the firm said in a press release Tuesday (Sept. 24).
Payments Source
SEPTEMBER 25, 2019
Today, borderless supply chains define business opportunities and brick and mortar presence is just an afterthought, says Amex's Dean Henry.
PYMNTS
SEPTEMBER 25, 2019
Among the biggest ongoing challenges and opportunities in payments – and a trend that will hold well into the 2020s, which are just about to start – is using mobile technology to bring more consumers into the formal financial sector. That can be easier said than done, of course, but in a new PYMNTS discussion with Karen Webster, Laurin Nabuko Hainy, founder and CEO at FairMoney , gave a tour of the emerging payments landscape in Nigeria and offered lessons that can be applied to other developing
Payments Source
SEPTEMBER 25, 2019
Visa has launched an online portal for fintechs to explore payments technology and find resources such as shortcuts to applying for fintech licenses.
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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.
PYMNTS
SEPTEMBER 25, 2019
Mastercard and Rabobank are partnering to offer a digital platform to 1 million farmers in emerging markets, Mastercard said in a press release on Wednesday (Sept. 25). . The product will make it easier for farmers to sell produce and builds on the Mastercard Farmer Network. Rabobank’s Banking for Food vision reaches agricultural regions in Europe, Africa and Asia.
CFPB Monitor
SEPTEMBER 25, 2019
The CFPB recently issued the 2020 Filing Instructions Guide for Home Mortgage Disclosure Act (HMDA) data. The Guide applies to HMDA data collected in calendar year 2020 that must be reported to the government in 2021. The CFPB also issued for the first time a Supplemental Guide for Quarterly Filers. As the title suggests, the Supplemental Guide provides guidance for those HMDA reporting institutions that are required to file HMDA data quarterly.
PYMNTS
SEPTEMBER 25, 2019
. Social media has become a cornerstone of everyday life over the last few decades, with 72 percent of Americans using social media today, a dramatic increase from the mere 5 percent that Pew Research Center first tracked in 2005. Corporate entities have gained larger footprints on platforms as MySpace, Friendster and LiveJournal gave way to Facebook, Twitter and YouTube, enabling them to connect with customers and market their services.
Payments Source
SEPTEMBER 25, 2019
Klar has completed two funding rounds — one for equity and one for debt — raising over $57 million in funding, including Santander’s InnoVentures as an equity investor.
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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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