Chris Skinner

JULY 14, 2017

One company that is seeking global domination is Ant Financial. The company has an open stated intention to reach two billion users by 2025. The way in which they’ll achieve that is through local partnerships, and many of those have been started already: Ant Financial invests in Thailand’s Ascend Money as part of global expansion play, November 2016 Alibaba to lead $200 million investment into Paytm’s online marketplace, February 2017 Jack Ma’s Ant Financial makes first investment in the

Analysis 258

Analysis Innovation Fintech Mobile 258

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.

Compliance 223

Compliance Fintech Capital Online 223

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.

Fintech 218

Fintech Study 218

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, […].

cryptocurrency 210

cryptocurrency Bitcoin Fintech Innovation 210

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

How To

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.

Branding 122

Branding Cards Marketing Course 122

PYMNTS

JULY 14, 2017

The WannaCry ransomware in May crippled hospitals, railways and government in more than 150 countries: the biggest cyberattack on the books, affecting hundreds of thousands of computers. Few paid up, but with systems down for days or weeks, bottom lines certainly suffered regardless. A month later, the Petya worm exploited the same Microsoft Windows vulnerability – both despite the fact that Microsoft had patched the bug in March.

Operations 118

Operations Study social media Security 118

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.

Compliance 112

Compliance Company Innovation Operations 112

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.

Kentucky 117

Kentucky Retail Course Washington 117

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.

Strategy 100

Strategy Management Payments Online 100

Advertisement

Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.

New York

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.

Apple 116

Apple Report Innovation Software 116

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.

Payments 99

Payments Mobile Retail 99

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.

Los Angeles 115

Los Angeles California Florida Texas 115

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.

Financial Technology 97

Financial Technology Industry Technology Company 97

Advertisement

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

How To

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.

Trends 110

Trends Retail Data US 110

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.

ATM 80

ATM Industry Conference Bitcoin 80

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.

Retail 109

Retail Survey Online Millennials 109

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.

Fintech 68

Fintech Industry Report 68

Advertisement

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

Lending

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.

Cards 109

Cards America Marketing Branding 109

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.

Data 68

Data 68

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

Mobile 109

Mobile Study Retail Online 109

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.

New York 63

New York Training Marketing 63

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.

US

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.

Mobile 109

Mobile Data Industry Company 109

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.

Cards 61

Cards Retail Branding 61

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.

Cards 109

Cards Mobile Community Bank Conference 109

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.

Bitcoin 60

Bitcoin Capital Regulation Marketing 60

Advertisement

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

Report