Bank Innovation
JANUARY 19, 2020
Eagle Home Mortgage is moving its loan application process to a mobile format through a new tool from underwriting company Blend. The app, Blend Loan Officer, was launched this month. It allows Eagle loan officers to work with customers, guiding them through loan applications on smartphones. Eagle Home Mortgage is the financial services arm of […].
Chris Skinner
JANUARY 19, 2020
Things we’re reading today include … Monzo bank ‘freezing accounts for no apparent reason’ JPMorgan to buy Paris building to bring euro teams from London CEO says Bank of America aims to ‘double’ its U.S. consumer market share: FT FCA blindsided by investment fund suspensions Shadow bank assets fall for … The post Things worth reading: 20th January 2020 appeared first on Chris Skinner's blog.
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PYMNTS
JANUARY 19, 2020
Mumbai, India-based online business-to-business (B2B) marketplace Beldara is planning a global expansion to link more international suppliers with overseas buyers, reports said on Thursday (Jan. 16). The two-year-old startup connects more than 5,000 brands in 30 categories, and has 450,000 products listed on its platform. “It is necessary to have a B2B platform that has a buyer’s back.
Chris Skinner
JANUARY 19, 2020
When The Financial Times does what they’re good at – covering financial markets and not technology – then they do produce some fascinating content. Case in point is the latest coverage of JPMorgan Chase’s (JPMC) 2019 results. The bank’s latest results are stunning, with the fourth-quarter profit soaring to $8.52 … The post JPMorgan Chase: First Among Equals appeared first on Chris Skinner's blog.
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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
JANUARY 19, 2020
As Malaysia moves towards a cashless society, the government is offering an award payment of RM30 (about $7.37) under its e-Tunai Rakyat (people’s e-cash) program, according to reports on Friday (Jan. 17). The government is hoping to up the number of digital payment users to 15 million people. The incentive program started Jan. 15 and works with three e-wallet operators — Grab, Boost and Touch n Go. .
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
JANUARY 19, 2020
Once calling itself the “Uber of pot,” Silicon Valley cannabis startup Eaze is struggling to pay vendors as it searches for a new round of funding, reports said on Thursday (Jan. 16). Backed by roughly $166 million in funding, Eaze is looking for a $35 million Series D funding round, following a $15 million bridge investment from unnamed current investors, sources told reports. .
American Banker
JANUARY 19, 2020
Adam Dell, founder of Clarity Money and now head of product at Marcus by Goldman Sachs, the design theory behind the new app.
PYMNTS
JANUARY 19, 2020
Lawmakers across multiple states are considering legislation to reconfigure the often burdensome security deposit structure that adversely affects renters of less financial means, according to the Wall Street Journal. Insurance policies that would replace traditional cash up-front deposits are an alternative being considered by both industry and government figures.
The Banker
JANUARY 19, 2020
The move to rename the CFA franc the 'eco' and lessen France's economic influence over the Waemu bloc has been broadly welcomed. But what will the repercussions be for the rest of west Africa? John Everington investigates.
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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
JANUARY 19, 2020
Senator Nathan Dahm (R-OK) is sponsoring a bill that would establish a new state-chartered financial institution (FI) centered around blockchain technology, Cointelegraph reported on Saturday (Jan. 18). The new FI would be “the central depository for virtual currency used by governmental agencies in this state,” according to the bill. In addition, t he bill would promote the growth of innovation, and thwart regulatory hindrance, while safeguarding people. “Oklahoma is committing to partner
The Financial Brand
JANUARY 19, 2020
Targeted personal credit offers plus approaches tapping the best in digital lending technology will keep banks and credit unions in the game. The post 4 Ways to Improve Borrower Experience to Meet Fintech Challenges appeared first on The Financial Brand.
PYMNTS
JANUARY 19, 2020
The computer system at New Orleans City Hall is still on the fritz following a cyberattack on Dec. 13 that has stalled vendor payments. It will cost more than $7.2 million and take as long as eight more months to repair, according to reports last Wednesday (Jan. 15). Government services are lagging behind due to non-functioning email, causing payment problems.
The Financial Brand
JANUARY 19, 2020
Forces are in play that could shift the balance of power in financial services to payment networks. Consumer identity is the key factor. The post Pivotal Identity Trends That will Reshape Payments and Retail Banking appeared first on The Financial Brand.
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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
JANUARY 19, 2020
After lackluster returns on downloads, Instagram is removing the button that let users access its standalone IGTV app, according to spokespeople. The app only got about 7 million downloads from users since it launched in June of 2018, which is paltry compared to TikTok’s 1.15 billion downloads in the same time frame. In just the U.S., TikTok received 80 million downloads since June of 2018, while IGTV only got 1.1 million, says research.
Bankelele
JANUARY 19, 2020
Looking into an IMF report on the size of Kenya's public sector.
PYMNTS
JANUARY 19, 2020
U.S.-backed virtual private networks (VPNs) are working to help Iranians circumvent internet censorship from their own government. The outreach is intended to help anti-regime protesters get access to free internet and secure messaging, with the U.S. government supporting protesters inside Iran. The outreach aims to ramp up pressure on the Iranian regime.
PYMNTS
JANUARY 19, 2020
European industrial policy chief Thierry Breton said Sunday that he didn’t agree with claims that waiting on European companies to install a 5G network would delay the rollout of the new technology. The statement, made at the DLD conference in Munich on Sunday, is just more fuel to the fire in the debate in Germany over the role of China’s Huawei going forward.
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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
JANUARY 19, 2020
Brian Moynihan, Chief Executive with Bank of America, is not concerned with overwhelming his industry sector — instead, he believes the banking giant can double its consumer market share. In a recent interview with the Financial Times , Moynihan was candid: “Our market share in consumer is probably 12, 13, 14 percent, depending on who counts?.?.?.?The reality is, you could double that.
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