Chris Skinner
JULY 21, 2017
There’s an old joke about the guy who’s lost driving in the countryside who stops to ask a pedestrian how to get to the city. The pedestrian replies: “oh, if you want to get there, I wouldn’t start from here”, and this is exactly how banks feel today. They want to get to the nirvana of new technologies, but are stuck in a spaghetti of old systems.
Bank Innovation
JULY 21, 2017
Last week at the first meetup for this siste’s sister accelerator INV Fintech, Chris Fortunato, principal at KEC Ventures, spoke about what he is looking at now as a seed investor in the fintech space. Chris named compliance and regtech as two of the areas he is currently focused on. A written account of Chris’s […].
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Payments Dive
JULY 21, 2017
Demonetization in India is a policy of extraordinary scope and ambition, combining advanced solutions in identity, mobile and payments to revolutionize commerce and financial services across the nation.
Bank Innovation
JULY 21, 2017
For a variety of companies from ticket vendors to energy consulting, digital tokens are increasingly becoming a popular way to raise funds. This is evident in the ballooning number of Initial Coin Offerings, or ICOs, open right now. Aside from providing a more secure method of funding, having an ICO means a broader range of […].
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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
PYMNTS
JULY 21, 2017
Think long and hard about the last time you carried physical cash or a business asked for cash only as a payment. While there are still some retailers today that have either a cash-only policy or still take cash, most consumers do not typically carry it on them. Just three years ago, The Washington Post reported eight out of 10 people carried less than $50 in their wallets on a regular basis, according to research from Bankrate.com.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
JULY 21, 2017
Connecting with consumers has seen a significant change over the course of the past few decades. No longer are retailers working with marketers to figure out a way to mass market products and services. With the advent of connected devices in the palm of almost every consumer’s hand, the retail ecosystem has certainly seen a shift. Retailers are working hard to not only adjust but also enhance the approach to securing and maintaining sales.
Let's Talk Payments
JULY 21, 2017
“Companies with top quartile representation of women in executive committees perform better than companies with no women at the top, by 47% R.O.E.
PYMNTS
JULY 21, 2017
Mobile payments company PayPal made two big announcements on Thursday (July 20): that it is teaming up with JPMorgan Chase to further expand its mobile payment services, and that it is expanding its partnership with Citi to include loyalty rewards. In a blog post yesterday, PayPal said the deal with JPMorgan Chase will drive increased choice, flexibility and value for their joint customers, as well as enable the company to make further inroads into physical stores.
Let's Talk Payments
JULY 21, 2017
MEDICI now! Startup Stories highlights 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.
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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
PYMNTS
JULY 21, 2017
The buyer-supplier disconnect in how payments are made and received is a predicament at the cornerstone of many innovative B2B FinTech solutions. Buyers have their own preferences in how they want to pay, and they typically want to wait to settle their invoices to hold on to their cash for as long as possible. Suppliers, though, often want to be paid differently than how buyers pay — and want that cash quickly.
Bobsguide
JULY 21, 2017
Redefining the banking experience through omnichannel. Polys Hadjikyriacos, CBDO, NETinfo PLC. It is an irreversible global trend that people’ lifestyles are increasingly dominated by digital channels. Across the entire spectrum of everyday services, from social, to professional, to.
PYMNTS
JULY 21, 2017
If a data breach is a sprint — where a fraudster grabs as much data as he or she can, as quickly as possible, in an effort to maximize ill-gotten gains — the fight against fraud is a marathon. A marathon that never ends. Fraud varies country to country, region to region. Just as payment methods are varied, so too are the ways that people pay, and whether, given a certain locale, they prefer paper (cash) over plastic (via mag stripe or chip card), or mobile over interactions with the cashier — th
BankNXT
JULY 21, 2017
So you think you know challenger bank users? Devie Mohan shares some interesting facts about challenger bank users that may surprise you. Four fascinating facts about challenger bank users on BankNXT.
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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.
PYMNTS
JULY 21, 2017
Amazon has acquired Graphiq, Inc. , a data analysis and search engine startup, to help improve its Alexa virtual assistant and other services. The Los Angeles Times reported the news, citing four sources familiar with the deal but unauthorized to discuss it. While one source suggested the deal was worth at least tens of millions of dollars, another estimated its value at $50 million.
Payments Source
JULY 21, 2017
The payments industry has come a long way with how it treats loyalty and rewards. Here are some of the more creative offerings to come about this year.
PYMNTS
JULY 21, 2017
“Finance is pretty broken.”. So started Affirm’s Co-Founder and CEO Max Levchin ’s remarks at his firm’s first-ever AFFIRMation conference for its retail partners in San Francisco yesterday. Levchin, by his own description, has spent his career in financial services and founding companies — “some of which succeeded, some didn’t.” His best-known effort — and a very clear entry into the “win” column — is, of course, as part of the founding team at PayPal.
Payments Source
JULY 21, 2017
For the last two years, the central bank has allowed the private sector to drive a process aimed at modernizing the nation's payments system. Now the Fed will have to determine what its own role will be.
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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.
PYMNTS
JULY 21, 2017
Dick’s Sporting Goods is joining the price matching game with its latest news. Competing with Amazon’s prices has mostly been an online battle of e-retailers throwing down the gauntlet. Dick’s Sporting Goods is upping the game for brick and mortar. The sports gear, sportswear and apparel retailer has fine-tuned its price-matching policy to include online retailers, including eCommerce giant Amazon.
Payments Source
JULY 21, 2017
Visa has extended partnerships with PayPal in the U.S. and Asia to Europe to encourage digital payments. The strategy has helped boost the card network's earnings.
PYMNTS
JULY 21, 2017
A new report from Indeed.com pinpoints the most in-demand professionals for small business employers, but it’s what’s not at the top of the list that has analysts surprised. Recent reports said Indeed’s analysis found “business analyst” to be the most in-demand small business finance job, followed by “business development manager” and “data analyst.” Notably absent from the top 10 list is “small business accountant.” “In tod
Payments Source
JULY 21, 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: Alipay eyes Africa; CO-OP uses geolocation to reach young people; NACHA chooses a partner for microbusiness; Blockchain startup Billion draws a grant.
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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.
PYMNTS
JULY 21, 2017
One bid, two bids — or, in this case, the biddee is also a bidder. As reported Friday (July 21), American multinational financial services firm Blackstone and private equity firm CVC Capital Partners have bid to acquire payments processor Paysafe Group. And, in other news, Paysafe is making its own play for payment services provider Merchants’ Choice Payments Solutions (MCPS).
Bobsguide
JULY 21, 2017
About to invest in a new system? Read this first. We launched a survey among bobsguide readers who are in the process of procuring a treasury management system, or have worked with vendors to implement one. Here we share the findings from the survey, and explore the issues it has.
PYMNTS
JULY 21, 2017
French fashion brand Louis Vuitton , part of LVMH , announced that it has launched an eCommerce website in China. According to Reuters , the move comes as the luxury retailer tries to tap into the country’s booming online shopping market. Louis Vuitton, which opened its first store in Beijing in 1992, will offer leather goods, small leather goods, shoes, accessories, watches and jewelry, luggage, and the just-launched Les Parfums Louis Vuitton on the website.
ATM Marketplace
JULY 21, 2017
In a Q2 earnings call with analysts, Diebold Nixdorf executives detailed events leading up to the announcement two weeks ago that the company would not meet its initial full-year earnings expectations.
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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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