Chris Skinner
NOVEMBER 2, 2018
I was talking with some friends at the most innovative bank in Europe that has stopped getting on my radar for the past few years. I first blogged about them back in 2012, when I met the founder at an event. That bank is called Fidor. Following that first meeting, we became friends, … The post Clash of clans … or new bank versus old bank (Fidor, BPCE) appeared first on Chris Skinner's blog.
Payments Dive
NOVEMBER 2, 2018
Roger Hochschild, the new president and CEO, sees the company playing a partnership role to many of the smaller, emerging financial networks.
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Bank Innovation
NOVEMBER 2, 2018
Red Hat, a multinational software company, will be conducting a webinar called “Why APIs Are Not Enough,” on Bank Innovation’s website next month. The webinar will be delivered by Eric Marts, financial services product manager at Red Hat, and Edson Yanaga, Red Hat’s director of developer experience. Prior to joining Red Hat, Marts shaped solutions […].
PYMNTS
NOVEMBER 2, 2018
Whether driven by regulation or market competition, the financial services sector in several jurisdictions is progressing toward open banking, interconnectivity and a freer flow of data between customer accounts and third parties. As such, data security has simultaneously emerged as a renewed focal point for the financial services market, because the more data moves and the more actors touch it, the more exposure that information has to nefarious actors.
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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
NOVEMBER 2, 2018
Red Hat, a multinational software company, will be conducting a webinar called “Why APIs Are Not Enough,” on Bank Innovation’s website next month. The webinar will be delivered by Eric Marts, financial services product manager at Red Hat, and Edson Yanaga, Red Hat’s director of developer experience. Prior to joining Red Hat, Marts shaped solutions […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
NOVEMBER 2, 2018
“Advancing digital expansion” was at the top of Western Union’s overview of strategic initiatives in the company’s 3Q18 earnings report, released Thursday. At more than 165 years old, the global money transfer company has hardly cultivated a reputation for innovation, yet 2018 has been a busy year in exactly that department. In October, the company […].
PYMNTS
NOVEMBER 2, 2018
Traction with digital transactions marked Western Union ’s latest results on Wall Street, while a newly minted agreement with Amazon grabbed its share of attention on the post-release third-quarter earnings call on Thursday (Nov. 1) — and trained a spotlight on the lures of eCommerce done cross-border. Generally speaking, in terms of consolidated top- and bottom-line results, Western Union’s revenues of $1.39 billion were just shy of the $1.42 billion expected by the Street, and its reported ea
Bank Innovation
NOVEMBER 2, 2018
“Advancing digital expansion” was at the top of Western Union’s overview of strategic initiatives in the company’s 3Q18 earnings report, released Thursday. At more than 165 years old, the global money transfer company has hardly cultivated a reputation for innovation, yet 2018 has been a busy year in exactly that department. In October, the company […].
PYMNTS
NOVEMBER 2, 2018
NACHA – The Electronic Payments Association – announced Thursday (Nov. 1) that automated clearing house (ACH) payments totaled more than 5.6 billion in the third quarter of 2018, a 6.7 percent increase from the third quarter of last year. In a press release , NACHA said the performance was driven, in part, by business-to-business (B2B) and online payments.
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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
Bank Innovation
NOVEMBER 2, 2018
Umpqua Holdings Corporation's deal to sell its subsidiary Pivotus Ventures to the Austin, Texas-based software firm Kony, announced on Oct. 23, took several months to develop. That's not a long time in the world of financial services acquisitions, and the deal was aided by a cultural affinity between the companies, according to Jeffery Kendall, senior vice […].
PYMNTS
NOVEMBER 2, 2018
The shell game is one where sleight of hand causes one to lose their shift. So it is in the business world, where shell games of a different sort can wreak havoc on a victim’s corporate coffers. News came Thursday (Nov. 1) that a probe by international auditors is underway, examining a fraud that could be $200 million in scope at Aegean Marine Petroleum Network , tied to shell companies that ostensibly did business with the shipping fuel firm.
Payments Source
NOVEMBER 2, 2018
Policymakers have called for streamlined disclosures for customers granting third parties access to their financial account data. They don’t have to look far for a potential solution.
PYMNTS
NOVEMBER 2, 2018
Though rapidly going extinct in consumer transactions, the check is alive and quite well in the B2B space. Not because anyone is especially thrilled about it, but because they get the job done. But the world is a rapidly changing place , and even B2B payments seem to be evolving. Digital payments in the B2B sector are on the upswing , as recent earnings results have demonstrated, and businesses are becoming ever more enthusiastic about adopting faster, and even real-time, payment methods – par
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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
NOVEMBER 2, 2018
Apple’s decision to stop disclosing its mobile device sales — along with reports that the company's newest iPhone didn't draw the huge crowds Apple is known for — signal that it may lose the clout that allowed it to collect fees for Apple Pay.
PYMNTS
NOVEMBER 2, 2018
Instant onboarding — the ability for a merchant to complete a one-page digital application, then instantly process payments — has, more or less, been heralded as the best thing to happen in payments and to merchants in decades. WePay Co-founder Rich Aberman begs to differ. Sure, instant onboarding creates a slick experience for a business interested in obtaining a merchant account, he told Karen Webster in the latest episode of their Unscripted podcast series.
Payments Source
NOVEMBER 2, 2018
Western Union and Amazon are collaborating to bring the e-commerce giant's services to consumers who may not currently have access to online shopping or those who prefer not to make digital payments.
PYMNTS
NOVEMBER 2, 2018
Payroll technology firm ADP is strengthening its integration into Intuit ‘s QuickBooks platform, the company said Thursday (Nov. 1). An expansion of its existing integration will introduce enhanced General Ledger Interface mapping via Accountant Connect, allowing accountants to seamlessly link into and interface with QuickBooks and other accounting platforms to manage their small business (SMB) clients’ finances.
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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
NOVEMBER 2, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Uber Eats starts a corporate service; Mastercard's battle with India's regulators; Braintree adds Google Pay; Coinsource gets ATM nod in New York; There's a new ATM hack threat.
PYMNTS
NOVEMBER 2, 2018
Australia’s new government entity, designed to support small businesses (SMBs) claiming mistreatment by their banks, has opened its doors, reports in Smart Company said this week. The Australian Financial Complaints Authority (AFCA) has officially launched, and small business owners will have the opportunity to be compensated up to AUS$1 million (about $720,000 USD) to resolve complaints.
ATM Marketplace
NOVEMBER 2, 2018
One of the best indications of progress in Q3 was the company's first revenue increase since acquiring Wincor Nixdorf in 2016. Growth in the product and software segments through the past three months generated a 1 percent earnings bump in constant currency.
PYMNTS
NOVEMBER 2, 2018
Credit scoring and data company Equifax has joined its top-two rivals on the Nav platform to offer small business (SMB) credit scores. In a press release issued Thursday (Nov. 1), Nav and Equifax announced their partnership, which sees Equifax providing business credit scores via the Nav platform, available to small business owners for free. Nav said that makes it the first platform to offer small business credit scores for free from three of the major credit bureaus, Equifax, Experian and Dun &
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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
NOVEMBER 2, 2018
The suit is tied to Walmart's decision to shift its credit card business to Capital One.
PYMNTS
NOVEMBER 2, 2018
In what could be Japan’s largest listing in history, unidentified sources claim that SoftBank Group Corp.’s mobile unit could gain listing approval by the Tokyo Stock Exchange on Nov. 12. A possible listing date could come about one month later on Dec. 19, Reuters reported. The listing could make room for investments in areas such as solar energy and ridesharing.
Tom Groenfeldt
NOVEMBER 2, 2018
Bank customers are using digital and increasing mobile channels to check balances, but they are still reluctant to pay bills through their bank site. Bank branches continue to be important to consumers.
PYMNTS
NOVEMBER 2, 2018
Amazon.com ’s chief executive Jeff Bezos said he will pore over all the data when choosing Amazon’s second headquarter, but then it comes down to “going with your heart.”. CNN — citing comments Bezos made during an interview by Walter Isaacson, the journalist and historian, at an event hosted by First , a global nonprofit that has a mission to get the younger generations interested in science via robotics — reported Amazon has received 238 proposals.
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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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