Chris Skinner

MARCH 21, 2018

I know that we deal with quite complicated things in financial technologies. AI, AGI, ASI (Artificial Intelligence, Artificial General Intelligence, Artificial Super Intelligence); machine learning and deep learning; blockchain, shared ledgers and distributed ledger technologies; cryptocurrencies, virtual currencies and digital currencies; Open Banking and Open APIs; and so on and … The post How quantum will change everything (including banking, money and security) appeared first on Chris

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Security blockchain cryptocurrency Financial Technology 351

Bank Innovation

MARCH 21, 2018

True, mobile payments are becoming increasingly popular as a form of P2C payment methods, but make no mistake - cards are not going anywhere anytime soon. At least, that’s according to RBR’s latest report. According to RBR’s Global Payment Cards Data and Forecasts to 2022, report, the number of card-accepting merchant outlets rose by 7 million.Read More.

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Cards Payments Mobile Report 236

Chris Skinner

MARCH 21, 2018

Last year I wrote about the ten year ticking timebomb, and I thought I’d come back to it as my mind has moved on a bit. That’s why I now talk about three minutes to midnight. Midnight is when it’s too late for the bank to change their systems into … The post It’s three minutes to midnight appeared first on Chris Skinner's blog.

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System Digital Banking 234

Bank Innovation

MARCH 21, 2018

Startup Affirm is embedding its technology into the Apple ecosystem, allowing customers to load the company’s virtual card into Apple Pay, the startup announced today. The integration will also allow customers to use “Affirm InStore” to finance purchases at physical merchant locations, Affirm said. The point-of-sale lender, which was founded by PayPal co-founder Max Levchin,Read More.

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Apple Cards Technology Lending 199

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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

Chris Skinner

MARCH 21, 2018

Things we’re reading today include … What’s Your Bank Learning From Your Cell Phone? Deutsche Bank Falls as CFO Warns of Securities Unit Headwind Economists promote low-volatility cryptocurrency backed by dollars EU launches £4.4bn tax raid on tech giants Europe’s banks told to keep planning for full Brexit in 2019 … The post Things worth reading: 22nd March 2018 appeared first on Chris Skinner's blog.

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Taxes cryptocurrency Security 190

PYMNTS

MARCH 21, 2018

Losing out is always a bitter pill to swallow, but the worst defeats are the ones that are seemingly snatched from the very jaws of victory. The Bill Buckner between-the-legs-bauble, the Aaron Boone Green Monster killer, the David Tyree helmet catch – the moments when fate intervenes in the form of a small bad choice cascading out of control. The unforced errors that take wins that looked like sure things and nudge them ever so slightly – but permanently – out of reach.

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Google Data UX Retail 152

Bank Innovation

MARCH 21, 2018

EXCLUSIVE – The members-only innovation lab, Motive Partners, opened a center in London today. The lab is build to work with startups that can help banks solve their pain points, which more often than not center around personalization and efficiency, according to Alberto Corvo, founding partner at Motive. The lab will be based in Canary.Read More.

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PYMNTS

MARCH 21, 2018

To meet consumers where they want to shop, retailers are taking an omnichannel approach to their offerings. Some customers – those of the brick-and-mortar persona – just want to shop in-store and haven’t purchased anything online over the past three months. And retailers are taking notice: Walmart , for example, recently introduced meal kits in its stores after selling them exclusively online.

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Retail Fort Worth Dallas Examples 135

Bank Innovation

MARCH 21, 2018

World economic leaders, who have gathered in Buenos Aires, Argentina for the G20 summit, have set a July deadline to gather concrete information on cryptocurrency, but have turned away from declaring a need to actually to put in place a unified set of regulations on cryptocurrency. The G20 also said that they would apply the standards.Read More.

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Regulation cryptocurrency Data Compliance 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

MARCH 21, 2018

Fitness centers are all about working out. However, when it comes to retail in those spaces, it doesn’t always work out. Everybody knows time is money. For businesses, space is money too, and if they don’t allocate it strategically, it can hurt rather than help their bottom line. Retail at the gym may look like a smart business move from the outside, but it often ends up eating more space and effort than it’s worth.

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Retail New York City New York Branding 122

Bank Innovation

MARCH 21, 2018

EXCLUSIVE-- There are now approximately one billion users of Wechat and Weixin, the mobile messaging apps maintained by Tencent Holdings, according to the fourth quarter earnings the Chinese gaming and messaging company reported today. As WeChat and Weixin both have their own mobile payment services, WeChat Pay and Weixin Pay, respectively, the user growth of.Read More.

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Mobile Payments Report Company 186

PYMNTS

MARCH 21, 2018

The fact that the world is changing rapidly shouldn’t come as much of a shock — though the speed and centers of change in payments and commerce might surprise even the most inveterate segment watchers. The world is becoming a smaller place, particularly for the ever-increasing mass of Chinese consumers w ho’re looking to access their local payment methods on a global scale.

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Millennials Payments Data Retail 122

Bobsguide

MARCH 21, 2018

Since the introduction of ACH payments around forty years ago, the infrastructure of the US payment system has remained relatively stagnant. The last few months, however, have seen a significant shift – arguably the most major since the 1970s – with large banks accelerating the adoption.

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Payments US System 99

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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

MARCH 21, 2018

Cross-border payments company Currencycloud is rolling out an accounts receivable solution aimed at reducing the friction of collecting payments from abroad. The company announced news on Tuesday (March 20) that its Global Collections tool is now live to support the acceptance of payments in multiple currencies. The solution is designed for banks and other payment companies to offer their own customers, Currencycloud noted.

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Payments Google Tools Capital 122

Payments Source

MARCH 21, 2018

China's declaration on Wednesday that its payments market is now open to foreign companies gives Chinese payments processors an opportunity to grow globally — but it's made similar moves before, with little effect.

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PYMNTS

MARCH 21, 2018

From smart safety shoes to augmented reality training materials, consumers and companies are seeing greater potential in the Internet of Things (IoT) – and, unfortunately, so are hackers. Reportedly, 55 percent of IT professionals said that security is their top priority in IoT deployment. The latest Intelligence of Things Tracker charts how digital security companies are advancing efforts to counter threats to connected devices and systems.

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Trends Security Training System 119

Insights on Business

MARCH 21, 2018

Our final installment of just a small sampling of the last day and half of the people, places and announcements that stood out to us at IBM Think 2018. It’s been a great week and these are just a few reasons why: IBM Blockchain. Looking for an affordable option to build blockchain projects? Look no further than the new IBM Blockchain Starter Plan ! This now more affordable plan gives you the tools that lets you develop easy-to-use local environment created to help you build your blockchain skill

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San Francisco blockchain Training Compliance 70

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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

MARCH 21, 2018

While Toys R Us said that it would try to honor its payments to suppliers and lenders, over 50 suppliers, such as Lego and Mattel , are not happy with the company’s current bankruptcy proceedings — at least in some form. The embattled toy retailer, for example, is seeking approval to stop over $450 million in payments to suppliers, Reuters reported.

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US Retail Examples Report 118

Bobsguide

MARCH 21, 2018

It has become apparent that customers interact with organisations in more ways than ever before - email, social media, instant messaging and mobile are just a few in a increasingly growing list. On average, almost six different channels are used during the lifecycle of each customer relationship.

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PYMNTS

MARCH 21, 2018

The Nordstrom family has officially ended talks with a special committee advising Nordstrom’s board regarding the privatization of the brick-and-mortar retailer. Reports from CNBC on Tuesday (March 20) indicated the two parties were not able to find common ground on a price. Nordstrom family members as a group own a little under a third of the company (31.2 percent).

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Retail Company Examples Branding 115

Payments Source

MARCH 21, 2018

Robert Selander was named an independent director of the embattled credit bureau, which is still trying to regain public confidence after a huge data breach last year.

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Data Cyber Security Cards Security 69

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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

MARCH 21, 2018

Amazon has overtaken Alphabet — Google ’s owner — as the company with the second-highest market value in America, as Google’s stock fell for the third consecutive day on Tuesday (March 20). The eCommerce retailer’s market value has risen to close to $765 billion, which is about $3 billion more the market value of Google, CNN Money reported. As of now, Apple is the only company worth more than Amazon at nearly $900 billion.

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Google Apple Company Capital 110

Payments Source

MARCH 21, 2018

The breach at Expedia's Orbitz not only jeopardized nearly 880,000 payment cards — it cast a spotlight on the weaknesses all companies expose themselves to when they partner with another brand.

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Security Branding Cards Payments 64

PYMNTS

MARCH 21, 2018

As retailers – such as grocers – are on the hunt for more data to help them make purchasing decisions, Albertsons plans to roll out a digital marketplace for small or nascent brands. The move comes as it’s not easy for retailers to pick out the winners from all the new brands that come to market — or for brands to make it onto the shelves of a large grocer, CNBC reported.

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Payments Source

MARCH 21, 2018

The information you need to start your day, from PaymentsSource and around the Web. Today: Russia helped develop Venezuela's state cryptocurrency; Google makes it easier to pay for news subscriptions; Amazon adds security to its home delivery service; Expedia's hack hits Amex.

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cryptocurrency Google Security 64

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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