Chris Skinner

APRIL 4, 2018

I was super impressed by an article written by FinTech friend Bradley Leimer for International Banker the other day, and asked if I could share on the blog. Bradley kindly said yes, so here you are. Enjoy the read! The Invisible Hand of Financial Services by Bradley Leimer, Managing Director and Head … The post To understand banking’s future, it is important to think about its past appeared first on Chris Skinner's blog.

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Fintech Management Digital Banking Innovation 394

Bank Innovation

APRIL 4, 2018

EXCLUSIVE— Artificial intelligence can produce the necessary insights banks need to provide the best experiences to their customers, but these insights depend, at the start, on what type of data the software is analyzing. “Artificial intelligence is only as good as the data,” Adam Nanjee, senior vice president, digital banking, for strategic price provider Zafin […].

Data 236

Data Software Digital Banking Analytics 236

Chris Skinner

APRIL 4, 2018

There’s a lot of discussion about FinTech and what it means to banks. Originally, everyone was talking about disruption, disintermediation and dissing banks. Then the discussion went to incumbents versus start-ups. Then it ended up last year about partnering and co-creation. I personally believe most of the discussion is off-beam … The post What FinTech means to banks appeared first on Chris Skinner's blog.

Fintech 276

Fintech Digital Banking Innovation 276

Bank Innovation

APRIL 4, 2018

Mobile payment platform for Apple users, Apple Pay is now available in Brazil thanks to a partnership with the country’s biggest private lender, Itaú Unibanco Holding SA, the company announced today. The launch comes after Apple CEO Tim Cook told listeners to the company’s Q1 2018 earnings call that users in the region would soon […].

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Apple Regional Mobile Payments 210

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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

APRIL 4, 2018

Retail continues to migrate toward eCommerce, but warehouse space is not designed to keep up with the increasing pace of online orders. The average age of a warehouse in the U.S. is more than 30 years old, and many lack modern features, CNBC reported. CBRE has found that most warehouses constructed prior to 2005 had low ceilings, tight space and uneven flooring — issues that are not easy to fix through a renovation.

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Las Vegas New Jersey Phoenix Philadelphia 221

Chris Skinner

APRIL 4, 2018

Things we’re reading today include … Inside the takedown of the alleged €1bn cyber bank robber Deutsche Bank’s Infighting Has a Cost Swiss Re makes it clear SoftBank cannot become an anchor investor Making the RBA the People’s Bank would shake up the big four – so it’s worth a … The post Things worth reading: 5th April 2018 appeared first on Chris Skinner's blog.

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Bank Innovation

APRIL 4, 2018

EXCLUSIVE – When The Clearing House (TCH) rolled out realtime payments last November, one would think banks would quickly jump on that bandwagon, right? Wrong, according Vinay Prabhakar, head of markets strategy, Payments at Finastra. The problem, as it often is with big institutions, comes down to the bottom line. "We are all used to […].

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Payments Marketing Strategies Strategy Marketing 186

Payments Dive

APRIL 4, 2018

Simplify payment acceptance and compliance with a fully managed solution for the transport of encrypted credit, debit and other card-based payment transactions. TNS' Managed POS Encryption service, in partnership with Ingenico Group, is ideally suited to merchants and processors. Download our product overview to learn more.

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Groups Management Cards Payments 150

Bank Innovation

APRIL 4, 2018

Payments processor Square is opening its Square Cash app to customers in the United Kingdom, the first international market where it will be available outside of the United States. UK users will be able to send and receive P2P payments through the app without requiring a fee for the transfer (like a typical Venmo transaction, […].

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United States Payments Marketing Bitcoin 186

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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

APRIL 4, 2018

For the 47 percent of Americans with prime credit scores, getting and using a credit card isn’t much of a problem. The problem, Petal co-founder and CEO Jason Gross told Karen Webster, is that it leaves around half of all Americans with only a few options: a credit card with expensive strings or no credit at all. Petal wants to change the math on how consumers gain access to credit – and turn the tables on how creditworthiness is assessed.

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Cards Regulation Groups Branding 133

Bank Innovation

APRIL 4, 2018

South African Reserve Bank (SARB), the country’s central bank, is laying the framework for regulating cryptocurrency by establishing a special unit to monitor developments in the space. The unit’s first task, according to a Finextra report, is to set up a proof of concept (PoC) for DLT-based interbank clearing and settlement. The move comes after […].

cryptocurrency 186

cryptocurrency Regulation Report Bitcoin 186

PYMNTS

APRIL 4, 2018

Behind many mom-and-pop pizzerias is an owner swamped with work. Their time in the restaurant often stretches long beyond the traditional eight-hour work day. That doesn’t leave a lot of time for figuring out digital ordering. Through platforms such as Slice , small pizzerias can tap into technology that allows their customers to order pizza online for pickup or delivery — just like the larger national chains.

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San Francisco Comparison social media Online 128

Payments Source

APRIL 4, 2018

Some of the biggest digital wallets in the world — including Alipay and WeChat Pay — succeed because they have very little in common with other big-brand wallets like Apple Pay, Google Pay and Samsung Pay.

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Samsung Mobile Apple Google 91

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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.

Lending

PYMNTS

APRIL 4, 2018

MonetaGo is rolling out India’s first blockchain network, a solution aimed at addressing the risk of fraud in the trade finance market. A press release on Tuesday (April 3) said MonetaGo is collaborating with three India-based factoring platforms — RXIL, A.TReDS and M1xhange — to launch the blockchain network, which connects various financial service organizations that provide invoice financing.

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blockchain Fraud Tools Report 118

Payments Source

APRIL 4, 2018

This year could be a pivot point for blockchain to move past proofs of concept to adoption, propelled by strong investor interest. But many still see the tech as being three to four years away from going mainstream.

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blockchain Data Bitcoin Payments 85

PYMNTS

APRIL 4, 2018

The art and science of using the internet as a tool to recruit employees hasn’t just fundamentally changed once in the last 15 or so years – it has actually changed twice. And tilr co-founder Summer Crenshaw has actually had a front row seat to both – and is hoping to kick-start the third major sea change. Fifteen years ago, before setting off as human capital entrepreneurs, she and co-founder Luke Vigeant were working at CareerBuilder.com, back in the days when “it was still a startup.”.

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System Tools Groups Millennials 115

FICO

APRIL 4, 2018

If you think of Garry Kasparov as the first chess Grandmaster to be beaten by AI - IBM's Big Blue - you only know half the story. Kasparov turned his historic competition with IBM's Big Blue into a new career, focusing on the interaction between humans and machines. FICO is proud to have Garry Kasparov as our closing keynote speaker at FICO World 2018 , April 16-19 in Miami Beach.

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Meeting Miami Risk Management Analytics 94

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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.

US

PYMNTS

APRIL 4, 2018

Everyone talks about moving to the cloud, and doing so can certainly deliver benefits in a contact center environment. It creates ease of scalability and heightens the security of callers’ personally identifiable information (PII) against external threat actors, such as fraudsters, as well as internal ones — that is, agents who could potentially use that sensitive information for nefarious purposes.

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Software Data Security System 109

Bobsguide

APRIL 4, 2018

The big banks are besieged on all fronts by challengers baying for change and pushing for disruption. It leaves the likes of Barclays, RBS, HSBC and Santander with two options: innovate or sink. But fending off agile challengers whilst keeping the massive, cumbersome business-as-usual leviathan.

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Innovation 83

PYMNTS

APRIL 4, 2018

Microsoft is enhancing its payments capabilities by integrating peer-to-peer (P2P) payment functionality on its Kaizala solution in India, the technology firm said Tuesday (April 3). Microsoft rolled out Kaizala in India last year as a communications platform for the enterprise, with a particular focus on mobile chat for firstline workers — the employees who are the first point of contact with a company’s customers.

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Mobile Payments Groups Customer Experience 108

Payments Source

APRIL 4, 2018

Last month, banks submitted draft policies on the so-called application programming interfaces, or APIs, that will open up their systems to fintech firms seeking to do everything from payments and remittances to budget planning.

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Policies Fintech System Payments 81

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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.

Compliance

PYMNTS

APRIL 4, 2018

The times, as Nobel laureate Bob Dylan sang, they are a changin’ — and quickly. Sending money around the world just got a lot more transparent, thanks to Walmart2World — and likely more competitive too. Musicians — whose ability to monetize is often cited as a casualty of the streaming age — are discovering new ways to get paid , and across the world (particularly in Asia) faster payments are becoming the rule, not the exception.

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Payments Retail Industry Data 108

Payments Source

APRIL 4, 2018

Implementing an electronic payments solution isn’t about replacing one payment method (checks) for an electronic one—as in abandoning checks for ACH, writes Ralph Perdomo a research analyst at Nvoicepay.

Payments 79

Payments 79

PYMNTS

APRIL 4, 2018

Just because a retailer was created for the internet doesn’t mean it has to stay on the internet. Digitally-native retailers, such as thredUP , are turning to brick-and-mortar stores to reach consumers, too. thredUP, though, works a little differently from traditional retailers. It is essentially a consignment marketplace for clothes that competes with companies like Tradesy and The RealReal.

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Payments Source

APRIL 4, 2018

The one thing more valuable to consumers than their bank accounts might be their internet access — and a new version of the ‘Trickbot’ trojan targets both.

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Cyber Security Security 83

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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