Chris Skinner

JANUARY 10, 2019

So, I’ve been summarising other people’s views of the year ahead from a variety of sources, but I also wrote two outline pieces for my friends at The Banker magazine and Jim Marous’s The Financial Brand. Just to finish off my week’s blogs about this year, here’s what I wrote. From The … The post My view of 2019 appeared first on Chris Skinner's blog.

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Branding Digital Banking Fintech 284

Bank Innovation

JANUARY 10, 2019

Banks, credit unions and other financial institutions have tech giants like Apple, Amazon and Google to thank for the rise in customers demanding a combination of speed, simplicity and convenience that can seem elusive in the industry. Consumer expectations have changed, but financial institutions certainly appear to be aware of the consequences of not responding […].

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PYMNTS

JANUARY 10, 2019

Amazon has its eyes on expansion for its Whole Foods brand in closed Sears and Kmart stores, according to a report by Yahoo! Finance. The recent woes of Sears and other struggling retailers are seen as an opportunity for the online retail giant. Sources told Yahoo! that the company is visiting sites of now defunct retail spaces. For example, Whole Foods managers went to a site in Utah that used to be a Kmart.

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Bank Innovation

JANUARY 10, 2019

David Kimball, CEO of Prosper, is speaking at Bank Innovation Ignite 2019. Kimball will be speaking on the alternative lending panel titled “New Scoring Models, New Data Sources,” where he will be addressing topics on the state of alternative data post-GDPR, credit scoring beyond FICO as well as will speak about how alternative lenders can […].

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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.

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PYMNTS

JANUARY 10, 2019

The new year has dawned with a number of cross-border payment pacts, done across blockchain and other means. In Pakistan, as reported by Coindesk, Telenor Microfinance Bank and remittance firm Valyou Sdn Bhd (a Telenor subsidiary) have launched a payment platform based on Alipay’s blockchain offerings. That blockchain technology, in turn, had been developed by Ant Financial Services Group.

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PYMNTS

JANUARY 10, 2019

U.S. startups had a great 2018 in terms of funding, with new data showing that venture capitalists deployed $130.9 billion, marking a new all-time high. According to new data from the PitchBook-NVCA Venture Monitor , the $130.9 billion deployed surpassed 2000, which was a record-setting year. “The venture ecosystem continued to slash records in 2018, further illustrating the maturation of the venture capital asset class, but also raising questions about the sustainability and health of these act

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Payments Source

JANUARY 10, 2019

FIs can free their IT team to focus on more profitable projects, reduce the risk of fines and ease the administrative burden of audits, writes Sean Ventura, chief information security officer at Atmosera.

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PYMNTS

JANUARY 10, 2019

Chile is considering a 19 percent tax on multinational eCommerce companies like Amazon, Netflix and Uber. Finance Minister Felipe Larrain made the announcement on Thursday (Jan. 10), and if it comes to fruition, the rate would be almost double what was originally proposed, Reuters reported. The Chilean Chamber of Commerce, the Confederation of Production and Commerce and the Organisation for Economic Co-operation and Development (OECD) are all backing the tax rate.

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Payments Source

JANUARY 10, 2019

British payments technology company Moorwand is offering the first UnionPay prepaid cards in the U.K. on its UPayCard branded prepaid platform, with a larger roll-out planned for consumers and corporations during the first quarter of 2019.

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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

Lending

PYMNTS

JANUARY 10, 2019

Eight months can seem like an eternity – all the time in the world to get things done, to plan, to implement, to do the heavy lifting for preparing for new tech initiatives – but not when it comes to the European Union’s PSD2. Spencer McLain, director, global risk solutions at Whitepages Pro told PYMNTS in an interview that September 2019 – when PSD2’s deadline looms on Friday the 13th – is coming much more quickly than some stakeholders might realize.

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Bobsguide

JANUARY 10, 2019

Two in three (66%) of UK banking decision makes believe the tech giants will be offering retail banking services by 2024, according to a recent survey. The tech sector – led by Google, Amazon, Facebook and Apple (GAFA) – are well poised to embrace Open Banking, according to banking.

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Apple Google Survey Retail 90

PYMNTS

JANUARY 10, 2019

China payment card issuer UnionPay is stepping into the market with prepaid cards for corporates and consumers, the company announced this week. Banking Tech reported on Wednesday (Jan. 9) that payment service provider Moorwand , a principal member of UnionPay, will launch the first UnionPay prepaid cards in the U.K. The UPayCard is a multi-currency card designed for business and consumer payers.

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Payments Source

JANUARY 10, 2019

Tech companies are scrambling to get into the dashboard to embed everything from voice assistants to payments. But the end goal — an in-car shopping experience as seamless as shopping online — remains elusive.

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Payments Online Company Mobile 77

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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

Report

PYMNTS

JANUARY 10, 2019

WEX, the global provider of corporate payments solutions, announced Thursday (Jan. 10) a partnership with AI.io, the voice technology company, to launch Halo Travel, a travel chatbot powered by Priceline Partner Network. In a press release , WEX said Halo Travel will be the first app to enable people to book hotels and flights via voice commands. Halo Travel works with any device and is accessed via Google Assistant, Google’s voice-activated digital assistant.

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Google Innovation Technology Payments 159

Payments Source

JANUARY 10, 2019

U.S. companies have a leg up on international competition. Yet, many retailers are opting to focus on domestic customer bases, claims Steve Villegas, vice president of partner management at PPRO.

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Retail Management Company Payments 73

PYMNTS

JANUARY 10, 2019

LendUp has announced it is scaling its credit card business as a stand-alone company, Mission Lane. The move was made possible through investment from LL Funds and Invus Opportunities, as well as participation by QED Investors. Vijesh Iyer, previously LendUp’s COO, has been named interim CEO of Mission Lane while the company searches for a permanent chief.

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Cards Company Capital Technology 158

Payments Source

JANUARY 10, 2019

Global Payout is providing software to the makers of point of sale hardware for the cannabis industry, integrating payment card processing with other business services common for dispensaries.

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Tools Payments Software Cards 73

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Lending

PYMNTS

JANUARY 10, 2019

From tax refunds and government assistance to payments made for home service and housekeeping professionals, faster payout solutions appear to be gaining popularity — all around the world. In the U.K., faster payout solutions could soon find a home on the nation’s digital classified ad sites. Around The World Of Disbursements. Visa recently partnered with Shieldpay to introduce secure card payments on peer-to-peer (P2P) platforms to the nation’s £120 billion ($151.1 billion USD) online classifie

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Marketing blockchain Online Cards 156

Payments Source

JANUARY 10, 2019

TSYS is responding to growing demand for a lighter and more versatile point of sale with a line of payment tools answering many of the newer merchant needs Square, Clover and Poynt typically provide.

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Tools Payments Mobile 72

PYMNTS

JANUARY 10, 2019

The Visa and United Airlines app, United MileagePlus X , is getting an upgrade, allowing members of the program the opportunity to earn awards miles on their everyday purchases, Visa announced on Thursday (Jan. 10). The loyalty program inside the app, called United Visa Rewards, is powered by the Visa Commerce Network, Visa’s specific loyalty platform.

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United States Cards Innovation Security 152

Payments Source

JANUARY 10, 2019

As BillingTree moves deeper into verticals such as health care, it will be helmed by new leadership as Christine Lee becomes CEO.

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Leadership Fintech Payments 84

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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.

Lending

PYMNTS

JANUARY 10, 2019

Retailers in the U.K. had a poor showing during the holiday shopping season; The Financial Times reported that despite steep price cuts, retail sales had their worst performance since December of 2008. Citing retail sales data compiled by KPMG and the British Retail Consortium, The Financial Times reported sales were flat in December compared to a 1.4 percent increase in the year-ago December.

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Retail Maine Report Data 148

CFPB Monitor

JANUARY 10, 2019

On December 28, 2018, New York Governor Cuomo signed into law amendments to the state’s General Business Law (GBL) that address the collection of family member debts. The amendments made by Senate Bill 3491A become effective March 29, 2019. While the legislative history indicates that the amendments are intended to address the collection of a deceased family member’s debts, they are drafted more broadly to prohibit “principal creditors and debt collection agencies” from: (a) making any represen

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PYMNTS

JANUARY 10, 2019

At first blush, pardon the pun, the world of beauty and cosmetics may not seem like the sort of retail space that has been waiting around for a digital makeover. While all kinds of adjectives have been applied to makeup, high-tech is generally not what comes to mind. But that marketplace has been quietly changing over the last few years — such that in 2018 some experts began predicting that 2019 is set to be a year of technological transformation within the beauty and cosmetics vertical.

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Technology Tools Branding Maine 145

Payments Source

JANUARY 10, 2019

The information you need to start your day, from PaymentsSource and around the Web. Today: Walmart tries driverless delivery; A new project to speed electric car charging; India appoints a digital pay panel; Central banks go slow on digital currency.

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