Bank Innovation
DECEMBER 13, 2017
EXCLUSIVE— There are some annoyances that are universal for businesses: with its new financial platform, officially opened today, fintech startup Divvy wants to fix them all. The platform, which uses cloud technology, allows businesses to more easily manage their subscriptions, budgets, payments, and automate their expense reports, Divvy CEO and founder Blake Murray told Bank […].
PYMNTS
DECEMBER 13, 2017
Online retailer eBay , following in the footsteps of Overstock.com, is contemplating allowing bitcoin as a payment method. In an interview with Yahoo Finance , Scott Cutler, SVP of eBay Americas, said the eCommerce retailer is “seriously considering” accepting bitcoin payments but noted the company is “not quite there yet.” He noted that eBay is currently focused on the holiday shopping season, which is turning out to be a strong one for online retailers. .
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Bank Innovation
DECEMBER 13, 2017
Nordea Bank has made its Open Banking API pilot live today, opening its customers dataset to a select few customers in Finland. The Norwegian bank first announced its plan to test its API platform earlier this year as way to adapt to changing scene of Europe’s payments environment with the upcoming Payment Services Directive (PSD2). […].
PYMNTS
DECEMBER 13, 2017
The emergence of APIs is doing more than just changing the way banks and FinTechs operate. It’s forcing them to create new marketplaces and ecosystems where innovations are traded and, in the process, upending the traditional rules of the financial services market. With the market rapidly evolving, is it time for traditional financial institutions (FIs) to learn the rules of the new API economy?
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.
Bank Innovation
DECEMBER 13, 2017
EXCLUSIVE – Young Americans are bad when it comes to setting aside money for retirement. Those savings numbers decline even further when considering the Hispanic population, according to a new study by IRA savings platform, Finhabits. The solution? Well, that’s exactly what New York-based fintech startup is hoping to provide. Launched in February by former […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
DECEMBER 13, 2017
Mutual fund firm Vanguard will start running index data for its funds on the blockchain, as the technology continues to expand its role in financial services. The company will begin using smart contracts, a feature that can better automate data, developed by blockchain startup Symbiont, as reported by Reuters yesterday. A mutual funds firm that […].
PYMNTS
DECEMBER 13, 2017
Whether customers shop at a mall once a week or once a year, it’s safe to say that most would probably find a visit to the Mall of America a bit overwhelming, especially if they’ve brought the whole family along, and especially if it’s Christmas time. The mall is so big that the first challenge will be deciding where to park so that no one is walking across the entire property to reach the store they want to visit.
Bank Innovation
DECEMBER 13, 2017
Swedish payment company iZettle today announced it raised €40 million ($47.05 million) in funding to accelerate growth. The round was led by venture capital firm Dawn and The Fourth Swedish National Pension Fund. Established in 2011, iZettle enables small business merchants across Europe and Latin America to accept card payments. Over the past years, it […].
PYMNTS
DECEMBER 13, 2017
The central bank of Australia is in the midst of considering whether to create bank notes using blockchain, according to news from The Financial Times. Philip Lowe, who serves as governor of the Reserve Bank of Australia (RBA), and who recently spoke at the Australian Payment Summit , said in remarks that the bank was weighing the “pros and cons” of issuing electronic Australian dollars.
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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
DECEMBER 13, 2017
Neobank Aspiration has raised $47 million in funding for its social banking mission, the company announced yesterday. The bank will use the new capital to continue building out a financial platform focused on social banking — a type of banking that gives consumers more transparency over where their money is going and what financial institutions […].
PYMNTS
DECEMBER 13, 2017
First National Bank and Trust Company is planning the launch of a digital small business lending portal and has tapped a partner to create the solution. The financial institution (FI) said Tuesday (Dec. 12) that it is working with FinTech firm RCGILTNER Services to deploy the digital platform, which will launch in the first quarter of 2018. The portal will allow a small- or medium-sized business (SMB) to seek a loan from the bank without physical paperwork or a visit to a branch location.
Bank Innovation
DECEMBER 13, 2017
EXCLUSIVE – Nearly a third of Americans have low FICO scores, and this can mean difficulties in securing loans to pay for higher education. It’s easy to see how this issue contributes to an ever-widening gap between rich and poor. Student lending company Climb Credit is taking on this challenge by offering loans that do […].
PYMNTS
DECEMBER 13, 2017
Santander Bank is rolling out a new solution for its corporate clients. The financial institution (FI) announced Tuesday (Dec. 12) that its Treasury Link solution is now live in the U.S. and will provide cash management services for such corporate customers. The portal provides access to various desktop tools and offers a 24/7 communication channel with the bank.
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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
Gonzobanker
DECEMBER 13, 2017
Technology departments at many banks are run like fiefdoms, where one small group makes spending decisions for the entire department. I’ve seen this scenario play out many times in institutions that are purchasing telecommunications networks. A group of people, “unencumbered” by the insights and opinions of others, buys the biggest telecom network it can find.
PYMNTS
DECEMBER 13, 2017
[link]. What will a person do to earn five dollars? Something of a random question, maybe even a slightly silly-sounding one – but for Fiverr founders Shai Wininger and Micha Kaufman, it was the query that, in 2010, launched a marketplace for skilled freelancer workers and the buyers who wanted their services. It was a very deliberate question, intended to remove any barriers to getting a buyer and a seller to do business online.
Bobsguide
DECEMBER 13, 2017
As a corporate treasurer, do you have a TMS? When did you implement it? Was it a success? Were you happy with the outcome? Are you still happy with your choice? Will it serve you into the future? Did it cost you more than you expected and above the original quotation? After.
PYMNTS
DECEMBER 13, 2017
In an age where faster is a hallmark of, well, everything, it follows that the same should be true of payments. It has been 14 months since the first phase of Same Day ACH credits debuted, and in numbers via a joint study by PYMNTS and NACHA, business origination of Same Day ACH credit has been significant, with clear trends in place that show healthy use and demand.
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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.
Bobsguide
DECEMBER 13, 2017
In April we predicted the 10 UK blockchain startups to watch for 2017. At the end of 2017, we're looking back to see what those startups got up to, and what that means for the blockchain community as a whole. More importantly, were we right to watch them?
PYMNTS
DECEMBER 13, 2017
In answer to many retailers selecting Dec. 19 as a shipping deadline for guaranteed online holiday purchase deliveries this year, Amazon has launched a holiday delivery promise of its own: “fast, free shipping from Amazon to your door — through December 24.”. According to a press release on Amazon’s corporate website, free shipping before Christmas will follow a set schedule, depending on the fulfillment method and Amazon membership status of package recipients.
Let's Talk Payments
DECEMBER 13, 2017
A fraud has the power of causing enormous financial losses and put your business upside down. To not fall for something like this – what is most of the time.
PYMNTS
DECEMBER 13, 2017
A few bank scandals and research highlighting smaller companies’ frustrations with traditional financial institutions (FIs) have ushered in a wave of challenger banks in the U.K., many of which were designed specifically to address the needs of small- and medium-sized businesses (SMBs). As the country prepares for regulations aiming to promote open banking and the sharing of financial data, the financial services space will be more armed than ever to create SMB solutions and fill in gaps l
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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.
Payments Source
DECEMBER 13, 2017
Financial technology companies are reinventing every aspect of business finance, starting with payments. Banks have long promised to automate supplier payments for their customers, but have fallen far short, writes Brent Meyers, vice president of national sales for Nvoicepay.
PYMNTS
DECEMBER 13, 2017
Choosing the perfect gift can be hard — for the giver, for the recipient (who may not always like the gift, but must be gracious all the same) and for the retailer from whom the gift was purchased, who will likely have to process the return when the recipient decides he or she would rather have something else. Target wants to make the process a little easier for everyone with the introduction of its GiftNow button for online shoppers.
Payments Source
DECEMBER 13, 2017
To help its member banks avoid the nightmare of a data breach, Swift is requiring they take the necessary security steps to establish a strong baseline of cyber defense. And Swift intends to make sure its banks all follow the same procedures.
PYMNTS
DECEMBER 13, 2017
In subscription commerce news, consignment startup thredUP has announced it will help customers try clothes on before making purchases through its new Goody Box offering. With the new try-before-you-buy offering, thredUP purchasers will be able to sign up for on-demand shipments, order personalized items, have them sent to their homes to try on and return what they don’t want to keep, according to Tuesday (Dec. 12) news from TechCrunch.
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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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