Bank Innovation
JULY 14, 2017
Compliance, insurance, and workflow solutions: these are the most interesting areas for a seed-stage fintech investor right now. Chris Fortunato, principal at KEC Ventures, named compliance and insurance as two of his biggest current focuses during Bank Innovation’s “For the Love of Fintech” meetup yesterday. “We’re definitely very interested in compliance.
Payments Dive
JULY 14, 2017
Fintech investment hit an all-time high in 2016, but has this massive investment translated into consumer adoption? A new study suggests that it might not have — at least, not yet.
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Bank Innovation
JULY 14, 2017
Fast growing alternative banking app Revolut confirmed this week that it had raised $66 million in a Series B Round, and said it would be adding cryptocurrency trading and a new wealth product. As Bank Innovation reported earlier this month, the London-based startup was on pace for a big fund raise. In a news release, […].
PYMNTS
JULY 14, 2017
Who doesn’t love a free trial? PYMNTS CEO Karen Webster knows a guy who loves them so much that he keeps an Excel spreadsheet outlining how he will eat for free for the next year using trials of meal kit delivery services. That’s great for the guy, but someone is paying for those meals. Somewhere, those unconverted free trials are getting rolled into an astronomical acquisition budget that those companies are paying to win over new customers.
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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
JULY 14, 2017
Wells Fargo is seeing slow growth relative to its peers when it comes to digital customers, but after several stagnant quarters of no reported growth, plus a steady stream of punishing news on the public relations front, that might not be such a bad thing. The bank reported its second quarter 2017 earnings this morning, and while […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Let's Talk Payments
JULY 14, 2017
In the financial services industry, compliance is not an option. It is the speed-inhibiting layers of operations that are extremely expensive and becomes even more expensive if not done correctly.
PYMNTS
JULY 14, 2017
One of the casualties of the ongoing retail death spiral seems almost certain to be the retail workforce. That has become an increasingly certain part of the conventional wisdom – as real-world retailers are shutting locations down and laying off staff, and oceans of low-skilled service-sector workers are likely to end up on the market with fewer option available to them for gainful employment.
Payments Source
JULY 14, 2017
The number of channels consumers use to pay their bills is unlikely to decrease anytime soon, so billers that are able to check off every bill payment channel will enjoy a competitive advantage, writes Jim Lester, senior vice president of product management and strategy for biller solutions at Fiserv.
PYMNTS
JULY 14, 2017
Amazon’s Echo is getting an overhaul for the first time in more than two years since the voice-activated speaker powered by virtual assistant Alexa hit the marketplace. According to a news report in Engadget , citing an unnamed source, the eCommerce giant is working on improving the Echo in an effort to steal some of Apple’s thunder with the HomePod, which is coming out later this year.
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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
Payments Source
JULY 14, 2017
The concept of digital payments doesn't often cross paths with the concept of robots moving autonomously through our world. But in a few cases, robots have been created to handle payments and deliver goods.
PYMNTS
JULY 14, 2017
From alcohol to food and more, there are a variety of delivery services available for today’s tech-savvy consumer. One of the more popular choices for on-demand delivery is in the alcohol industry, with the likes of Drizly, Thirstie and Swill. Los Angeles-based, alcohol delivery startup Saucey just announced news of its $5.4 million Series A round of venture capital (VC) funding led by Bullpen Capital.
Let's Talk Payments
JULY 14, 2017
MEDICI now! Startup Stories highlight the companies that are shaping the new Financial Technology industry. Keep an eye out each week for new stories! If you or someone you know.
PYMNTS
JULY 14, 2017
Love is in the air, and wedding season is officially upon us. As brides try on dresses, flowers are picked and grooms are inevitably dragged to endless venues, the retail industry is also gearing up. eCommerce company Wayfair decided to dig into its registry data to uncover how the tastes of couples today are shifting from the baby boomer generation.
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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.
NCR
JULY 14, 2017
There have been improvements in financial inclusion across the globe over the past few years, but there is still a lot of work to be done. According to the latest data from the World Bank , approximately two billion adults worldwide don’t have a basic bank account. That’s despite the fact that, between 2011 and 2014, the proportion of adults that hold an account increased from 42 percent to 75 percent.
PYMNTS
JULY 14, 2017
Shaping the future of retail is not a concept that shoots to the top of the list when the industry thinks of senior citizens. When it comes to senior citizens, the retail industry typically has reached out to share discounts , what stocks to buy or alerting them to various scams. SNL did a skit this year that specifically featured senior citizens and their interactions with Amazon’s Alexa.
Bobsguide
JULY 14, 2017
1. The bobsguide debate: Who needs the other more, fintechs or traditional financial services? Alara Basul, Reporter, bobsguide. In the lead up to Finovate London, bobsguide asked show exhibitors and industry experts a series of questions to get the conversation rolling before the.
PYMNTS
JULY 14, 2017
Citigroup results came in better than expected for the second quarter, the firm said Friday, buoyed by growth in emerging markets and its overall loan portfolio. Earnings were $1.28, compared with the Street at $1.21, and revenue was also above the Street at $17.9 billion, versus $17.5 billion expected. The overall revenue growth came as North America’s top line was up five percent and emerging markets were up 10 percent.
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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.
Bobsguide
JULY 14, 2017
Rapidly evolving digital competition is shining a spotlight on the IT infrastructure of many financial institutions. Growing digital competition requires both a review of internal models to reduce costs and improve business agility, as well as external capabilities that can facilitate partnerships.
PYMNTS
JULY 14, 2017
A new study by J.D. Power has found that while more Canadians are utilizing and happy with mobile banking, customer satisfaction with other banking channels and services is on the decline. According to a press release announcing the news, the J.D. Power 2017 Canadian Retail Banking Satisfaction Study, in conjunction with the J.D. Power 2017 Canadian Banking App Satisfaction Study, found that mobile banking usage among customers has nearly doubled over the past three years, with 43 percent of re
Payments Source
JULY 14, 2017
Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Visa's digital incentive moves to the U.K.; Jet.com pursues the New York market; Digital boosts donations; Delivery robots; Refunds for late trains.
PYMNTS
JULY 14, 2017
The mobile industry today encompasses so much more than it did 20 years ago, and even just 10 years ago. From hailing a cab to finding a pet sitter and more, mobile has helped to, for lack of better words, mobilize nearly every other industry around it. In today’s Today in Data piece, we focus on the various announcements attached to mobile-related endeavors.
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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
JULY 14, 2017
The bank's Costco card portfolio boosted profits (again), as did internal growth from store-branded cards from Home Depot and Best Buy. Citi’s card business is avoiding — for now — the pain in the retail sector.
PYMNTS
JULY 14, 2017
JPMorgan Chase posted results that helped kick off earnings season Friday morning. The firm showed traction in its loan book, mobile efforts and credit card portfolio. The headline numbers showed the largest U.S. bank (as measured by its asset base) beat Wall Street expectations. In remarks delivered in tandem with the earnings release, CEO Jamie Dimon said, “The U.S. consumer remains healthy, evidenced in our strong underlying performance in Consumer & Community Banking.
Payments Source
JULY 14, 2017
India is considering tracking digital currencies like bitcoin through the central bank and capital markets regulator along with intelligence agencies to monitor money laundering and terrorist financing, people with the knowledge of the matter said.
PYMNTS
JULY 14, 2017
Wells Fargo, trying to bounce back from a scandal involving falsified accounts, and any number of hits to its reputation since late 2016, posted results Friday that topped Wall Street expectations. The headline numbers showed the company posted earnings of $1.07, better than the Street by six pennies. The stock fell, though, as the top line missed expectations, coming in at $22.1 billion compared to expectations of $22.5 billion.
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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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