Payments Dive
DECEMBER 14, 2018
Automated testing is an increasingly important consideration as payment providers, retailers and other companies expand the number of options that consumers and merchants can use.
Bank Innovation
DECEMBER 14, 2018
What is the best way to make solutions for the fintech sector meet the high requirements of challenging customers, especially while every bank is rushing towards digitization? The answer to this question is to act on the newest trends and broaden institutional horizons regarding new facilities like cloud solutions. Ever-newer technologies are currently presented by […].
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PYMNTS
DECEMBER 14, 2018
One of the largest banks in Spain, Banco Bilbao Vizcaya Argentaria (BBVA), has completed a $170 million (€150 million) loan with Porsche Holding using blockchain technology, according to a report. Although the bank has completed blockchain loans before, it’s never done it with a non-Spanish customer, until now. One of the bank’s previous blockchain loans was completed with state-owned and -operated national electrical grid operator Red Eléctrica de España (REE) for $150 million in November.
Bank Innovation
DECEMBER 14, 2018
Bank of America has redesigned its mobile app for the iPad. The new tablet design now mirrors the look and functionality of the BofA iPhone mobile banking app. Tablets find themselves in a unique position somewhere between desktop and mobile, and even though banking-via-tablets does not have the number of users that its smartphone counterparts […].
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.
PYMNTS
DECEMBER 14, 2018
When PYMNTS asked cross-border payments experts at the end of last year what they thought the driving trend would be for the industry in 2018, the consensus was all about collaboration , particularly between banks and FinTech firms. Throughout the year, that prediction has manifested into reality, as more traditional financial institutions (FIs) turn toward FinTech innovators to address the biggest pain points of the legacy correspondent banking system.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
DECEMBER 14, 2018
To help low-income consumers get back on their feet, New York-based Propel has notched $12.8 million in Series A funding. Nyca Partners led the round, along with the participation of Kleiner Perkins, Andreessen Horowitz and Omidyar Network, as well as support from Thirty Five Ventures and Alexa von Tobel, the company said in an announcement. “Our investors are world-class experts in their respective fields,” Propel CEO Jimmy Chen said in the announcement. “They share an understanding
Insights on Business
DECEMBER 14, 2018
At the October Money 20/20 in Las Vegas, Yousef Hashimi, Vice President and Partner of IBM Cognitive Big Data and Analytics, and Rob Palacios, Executive Vice President and Director of Texas Capital Bank (TCB) Labs, sat down for a fireside chat about driving value in organizations with artificial intelligence (AI) and what it takes to be AI ready to reap the benefits of building solutions rather than just buying components of AI technology.
PYMNTS
DECEMBER 14, 2018
Bitcoin fell to its lowest price in 15 months on Friday (Dec. 14), and analysts are predicting that further declines could be in store for the popular cryptocurrency. The price of bitcoin broke below the $3,200 mark to reach roughly $3,160 in the afternoon, MarketWatch reported. Daily FX Analyst Nick Cawley wrote in a note, which was reported prior to the latest drop, that the cryptocurrency could reach even lower lows heading into the future.
Bobsguide
DECEMBER 14, 2018
London has a “secret sauce” that keeps it ahead of the US and China. That’s according to Alastair Lukies, non-executive chairman of Innovate Finance and the Prime Minister’s business ambassador for fintech. “There’s a difference between disruptive fintech and.
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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
DECEMBER 14, 2018
Banks and businesses handling personal information face a delicate balancing act as global systems embrace smarter payments. They must deliver services that customers and clients demand while securing their personal data. Data is crucial and — fortunately, for banks and businesses in the smarter payments space — plentiful. By some accounts , more than 90 percent of existing data was created after 2014.
Bobsguide
DECEMBER 14, 2018
As 2018 draws to a close, so too does the first year of mandated Open Banking - a regulatory initiative to force banks to make customer data available and accessible to third party providers. But 2018 has also seen a slower uptake rate that "has been less than expected", according to.
PYMNTS
DECEMBER 14, 2018
TransferGo , an up-and-coming international money transfer company, has raised more than $17.6 million in a Series B funding round, according to a report. The London-based company, which was founded in 2012, is available in 47 countries and has offices in Warsaw, London, Berlin, Istanbul and Vilnius. With a customer base of upwards of 800,000 people – and almost 1,00 new ones per day – it’s one of the fastest money transfer services available.
Payments Source
DECEMBER 14, 2018
The People’s Bank of China, the country’s central bank, plans to introduce a digital currency of its own. But unlike the decentralized blockchain-based offerings, this one could give Beijing more control over its financial system.
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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
DECEMBER 14, 2018
In an effort to help authorized push payment (APP) fraud victims, The U.K.’s Financial Conduct Authority (FCA) unveiled new rules on Friday (Dec. 14). As a result, additional banks or payment services providers (PSPs) may have to compensate victims of those kinds of scams, Financial Times reported. FCA Executive Director of Strategy and Competition Chris Woolard said, according to FT : “The FCA takes APP fraud and the harm it causes to consumers very seriously.
Payments Source
DECEMBER 14, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Big banks win payment contracts in Australia; Revolut gets a banking license; Samsung Pay's on wearables in South Africa; Danske Bank gets open; Bitcoin bomb threat.
PYMNTS
DECEMBER 14, 2018
Retailers are bringing experiential stores to big cities, and Starbucks is no exception: The coffee chain was set to open its Starbucks Reserve Roastery New York City on Friday (Dec. 14). The 23,000-square-foot space, which is Starbucks’ fourth location for the concept, is described as an “immersive coffee destination” where “the company’s rarest and freshest coffees will be roasted and served.”.
Payments Source
DECEMBER 14, 2018
Many banks and government officials are dubious about crypto, but Ohio Treasurer Josh Mandel lets businesses pay their taxes with it and has put all the state government’s expenses on a public ledger.
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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
DECEMBER 14, 2018
Whoa, mule. Pay.UK ’s Faster Payments team said this week that it is deploying technology powered by Mastercard ’s Vocalink , which uses machine learning and other advanced technologies to help banks identify and track fraudulent transactions, with an eye on stopping fraudsters as they shuttle cash between multiple, and often far-flung, accounts. Known as the Mule Insights Tactical Solution (MITS), the technology is going live after a number of pilots that showed banks could uncover and disrupt
Payments Source
DECEMBER 14, 2018
EMVCo has published the EMV 3-D Secure protocol and core functions specifications v2.2.0 to promote an improved consumer experience while supporting new authentication channels during e-commerce, mail order and telephone order transactions.
PYMNTS
DECEMBER 14, 2018
The Treasury Department noted in a report last week that USPS could generate additional revenue by charging package delivery companies for access to the postal service’s mailboxes. At the same time, a sizable share of consumers are turning to their smartphones to order food from restaurants. In addition, The Children’s Place is moving away from its mall chain roots and toward omnicommerce, while credit unions are tapping into technology to help members communicate their feedback and needs.
Payments Source
DECEMBER 14, 2018
Regulatory and demographic shifts have altered the path to credit for younger American consumers. Those shifts have opened up lending opportunities, particularly at the digital point of sale. Merchants, startups and financial institutions are all vying for a share of this (potentially very) lucrative business.
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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.
PYMNTS
DECEMBER 14, 2018
Boerse Stuttgart Group , Germany’s second-largest stock exchange, has announced the launch of its own cryptocurrency trading platform in the first half of 2019. In addition, solarisBank will provide the required crypto trading banking services to Boerse. “With its combination of technology and banking expertise, solarisBank is a great partner for us to offer central services along the value chain for digital assets. solarisBank’s Blockchain Factory supports us in taking trading in cr
Payments Source
DECEMBER 14, 2018
The video game industry serves a decidedly digital, tech-savvy audience with a propensity toward digital payments, but has been plagued by inconsistencies in payments to developers and a lack of a consistent rewards program for loyal players.
PYMNTS
DECEMBER 14, 2018
Chinese hackers have targeted U.S. Navy contractors and subcontractors to steal classified military information, according to a report by The Wall Street Journal. The hackers gained illegal access to contractors’ networks and stole a range of classified intelligence, including ship data and missile plans. The attacks, which happened in the past 18 months, have spurred Navy Secretary Richard Spencer to order a thorough review of cybersecurity policies and vulnerabilities.
Jack Henry
DECEMBER 14, 2018
In late 2015, I published a blog that explored six steps financial institutions could take to ensure loan officer success in business development. While demand has shifted since that time, the six steps are as critical today as they were four years ago. When that original blog was written, the primary lending industry driver was commercial real estate (CRE).
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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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