Sun.Oct 28, 2018

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Keep on grafting

Chris Skinner

Every now and again people like me are drawn back into reality. Sure, I fly business class, sometimes first, and drink champagne at 40,000 feet. I land and stay in luxurious hotels whilst partying with a network of people who are friends, rather than business associates. I eat at fine … The post Keep on grafting appeared first on Chris Skinner's blog.

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ByteDance Now Has A Valuation That Surpasses Uber

PYMNTS

ByteDance , the Chinese media company, closed a $3 billion funding round led by SoftBank , making it the largest privately backed startup in the world. Bloomberg , citing people familiar with the matter, reported late last week that ByteDance’s latest round of fundraising, which also included KKR & Co. and General Atlantic , gives it a valuation of $75 billion, surpassing Uber to become the most valuable unicorn startup.

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The Finanser’s Week: 22nd October – 28th October 2018

Chris Skinner

The main blog headlines are … Technosocialism? As if … Someone told me I should start a travel blog, as I fly more than most pigeons do. True. But I’m not sure my travel blog would be read so much. However, it does make me reflect on travel and money. … The post The Finanser’s Week: 22nd October – 28th October 2018 appeared first on Chris Skinner's blog.

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IBM To Acquire Red Hat For About $34 Billion

PYMNTS

IBM has announced that it will acquire Red Hat , the world’s leading provider of open source cloud technology, for approximately $34 billion. “The acquisition of Red Hat is a game-changer. It changes everything about the cloud market,” said Ginni Rometty, IBM chairman, president and chief executive officer. “IBM will become the world’s number one hybrid cloud provider, offering companies the only open cloud solution that will unlock the full value of the cloud for their businesses.”.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

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Bankers: Don't Buy the Hype. Let Fintech Equity Investors Bear the Cost of Experimentation.

Jeff For Banks

When JPMorgan Chase released its 2016 annual report, in which the celluloid CEO Jamie Dimon proudly acknowledged spending nearly $10 billion on technology , the talking heads erupted. Ten billion! Must be good. Jamie does it. And from that moment the conventional wisdom was and is: community banks can't compete. I just heard it on Friday. A team of investment bankers told a community bank board, "how do you compete with that?

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What Are Fraud Analytics?

FICO

The recent fascination with artificial intelligence and machine learning has made some of us ( naturally intelligent) humans confused about the role that these technologies play in the broader field of fraud analytics. In this blog post, I explain their usage and particularly how they will operate in the open banking revolution. . Source: FICO Blog.

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P&G, Unilever Raise Prices Due To Inflation

PYMNTS

Some of the world’s largest consumer goods makers are gearing up to increase prices in an effort to contend with increasing costs of raw materials. According to a report from the Financial Times , consumer goods makers including Procter & Gamble and Unilever alerted shoppers recently to an upcoming price increase — and other consumer product makers including L’Oreal , Reckitt Benckiser and Kellogg will also raise prices due to the increased price of raw materials, noted the report.

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Are You Prepared For The Future of Banking?

The Financial Brand

Bankers need to prepare for the future of work by investing in advanced education and embracing change, taking risks and disrupting themselves. The post Are You Prepared For The Future of Banking? appeared first on The Financial Brand.

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Google Launches Overhauled Discover Feed For Mobile

PYMNTS

Google is rolling out an overhauled Discover feed on google.com for Android and iOS devices. According to a report in Engadget , users should see a stream of cards under the search box that will focus on things you are interested in, whether it’s political issues, hobbies or a beloved sports team. Users will find sports scores and other content aimed at getting you to click.

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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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Digital Shifts Forcing Banking CMOs To Make Big Changes

The Financial Brand

Financial marketers who get the balance of analytics and creative right will thrive. Others will struggle to survive in today's digital-first world. The post Digital Shifts Forcing Banking CMOs To Make Big Changes appeared first on The Financial Brand.

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Digital Confirmed as Consumers Preferred Banking Choice

The Financial Brand

Consumers continue to increase digital banking use while finding new technologies that can make their daily life easier. The post Digital Confirmed as Consumers Preferred Banking Choice appeared first on The Financial Brand.