Bank Innovation
MARCH 22, 2018
UK-based fintech Revolut’s newest product is a “disposable” virtual card, a product that was designed with fraud protection in mind, the fintech announced today. The card, which sits inside Revolut’s mobile app, wipes a user’s details and resets them after every payment. The startup, which has applied for a European banking license, currently has about.Read More.
Payments Dive
MARCH 22, 2018
Macy's has recognized the characteristics of its target shopper and is committed to offering her a more personalized experience, as well as mobile checkout and a virtual furniture design experience.
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Bank Innovation
MARCH 22, 2018
As data security and usage becomes more of a hot topic for businesses in 2018, most financial executives are feeling positively about the cybersecurity at their institutions, a report by IBM Resilient found. Of the 2,848 respondents surveyed for the study (released last week, IBM’s third annual on “cyber resilient” organizations), 72% felt their organization.Read More.
Chris Skinner
MARCH 22, 2018
I used to be on the Judging Panel for the Cards & Payments Awards but dropped out a few years ago as my travel schedule got too gruelling to give any time. Nevertheless, I’m always interested to see who wins and why, so here’s this year’s winners: Industry Achievement Award … The post The best plastic out there (Cards & Payments Awards) appeared first on Chris Skinner's blog.
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.
Bank Innovation
MARCH 22, 2018
Singapore robo-adviser StashAway has raised $5.3 million (SGD $7.0 million) Series A round of funding, bringing its total funding to $8.4 million (SGD $11.1 million) The new funds will be used to develop its investment service as well as expand it into new markets across the globe. The round was led by family office investor.Read More.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
MARCH 22, 2018
EXCLUSIVE- Online loan marketplace LendingTree is going head to head (again) with credit scoring platform Credit Karma, with the launch of its free credit monitoring service within its My LendingTree platform. Credit Karma has over 75 million users, while My LendingTree platform has about seven million users based on the company’s announcement. With the launch.Read More.
PYMNTS
MARCH 22, 2018
Online and mobile banking interfaces have become must-have features for financial institutions in the digital age. Fifty-five percent of Americans have a full-service banking app on their phone, and 16 percent check these apps at least once per day. Customers think of these digital offerings as crucial to their banking decisions. More than 50 percent reportedly believe it’s important for banks to provide mobile deposits, P2P services and account openings.
Payments Source
MARCH 22, 2018
The technology company's major projects over the past couple of years have included a diversification to serve merchants' cross-channel shopping and payment needs, adding advanced ATM technology in Europe and upgrading hardware to compete with rivals such as Square.
PYMNTS
MARCH 22, 2018
It was a coincidental happening that the same month Atradius released its latest insolvency forecast – which found that insolvencies around the world are low, thanks to a strong economic outlook and low interest rates – news of the Toys R Us bankruptcy hit the headlines and sent shockwaves throughout its supply chain. The backlash continues, as suppliers have reportedly criticized ongoing bankruptcy proceedings that could lead to the defunct retailer leaving more than $450 million in invoices un
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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
Bobsguide
MARCH 22, 2018
Over the past few years it has been difficult to escape the cloud conversation in the technology space. Efficiency, cost savings and an open, flexible infrastructure are the primary reasons for investment into the cloud and banks have been driving much of this innovation. Not to mention challenger.
PYMNTS
MARCH 22, 2018
Legislative efforts to combat late supplier payments have emerged in Europe, the U.K. and Australia. Now, similar initiatives have begun in the U.S. Reports in SCVNews on Wednesday (March 21) said Rep. Steve Knight (R-CA) and Rep. Adriano Espaillat (D-NY) introduced the Accelerated Payments for Small Businesses Act of 2018. The legislation would require government entities to pay their small business contractors within 15 days of receiving an invoice, reports explained, and would introduce simil
Payments Source
MARCH 22, 2018
With 1.3 billion people who are mostly unbanked in an economy where 85% to 95% of all transactions are still conducted in cash, few other markets have such an opportunity to modernize payments.
PYMNTS
MARCH 22, 2018
With the ransomware market becoming saturated and overpriced, hackers are setting their sights on so-called cryptojacking, which is giving them a new revenue stream. That’s according to the new Symantec Internet Security Threat Report which was released Thursday (March 22). The report provides a deep dive into the threat landscape by analyzing data from its Global Intelligence Network, which tracks more than 700,000 global adversaries, records events from 126.5 million attack sensors around the
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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
Insights on Business
MARCH 22, 2018
Carrying out Know Your Customer (KYC) due diligence is a delicate balancing act. On one side you’re always looking to streamline your customer’s onboarding process with quick and painless client verification and due diligence. On the other, you need to observe ever-changing regulations, manage voluminous amounts of structured and unstructured data, and perform often repetitive and mundane tasks, opening the door for human error and mistakes.
PYMNTS
MARCH 22, 2018
One retailer’s loss could be another retailer’s gain: Even though Toys R Us is facing bankruptcy, other retailers may benefit from the embattled toy retailer’s demise. Amazon could take over some of Toys R Us’ stores, which may be soon vacant as the retailer winds down its operations. And while Amazon doesn’t want to keep the Toys R Us brand, it could use the space to display its own products, Bloomberg reported.
Payments Source
MARCH 22, 2018
Localized industries that provide local services are a great fit for the blockchain model, argues F. Mark Kosierowski, finance and insurance adviser at the Dentacoin Foundation.
PYMNTS
MARCH 22, 2018
There comes a time in every startup’s life when momentum kicks in and everything becomes a whirlwind of activity. Or maybe that’s just startup life in general. Either way, Amaryllis CEO Mark Bishopp said that’s exactly where the startup has found itself this past quarter, with many key developments to report. Perhaps the most important of these was the completion of its certification with Vantiv.
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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.
Payments Source
MARCH 22, 2018
The world’s largest online retailer is searching for locations in cities that can serve as both grocery stores and urban distribution centers for delivering goods to online shoppers faster.
PYMNTS
MARCH 22, 2018
In an effort to lure more FinTechs its way, France is working on a regulatory framework that would enable startups to raise funding via cryptocurrencies. Economy minister Bruno Le Maire wrote in an article for Numerama, a French website which was covered by the Financial Times, explaining that Paris is aiming to introduce legislation that lets companies launch initial coin offerings and get a formal stamp of approval.
Payments Source
MARCH 22, 2018
The IATA said it's investigating how to apply faster payments to passengers, whether directly from the airline or indirectly via travel agents. Globally, airlines absorb more than $8 billion in costs for merchant fees and fraud.
PYMNTS
MARCH 22, 2018
HelloFresh has made a play for scale with a new acquisition — organic and vegan food delivery company Green Chef. As of yet, it’s not known how much the meal kit company paid for the Boulder-based startup. Green Chef has been in operation for about four years. It was founded by CEO Michael Joseph to delivery vegan and gluten-free food to the masses.
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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.
Bobsguide
MARCH 22, 2018
On 25 May 2018 the General Data Protection Regulation will come into force in the UK, affecting every business that collects data on its customers. Financial services is one of the industries most heavily affected, so are institutions on top of compliance? With 100 days.
PYMNTS
MARCH 22, 2018
Although using the Starbucks mobile app can get you a grande latte faster, many of the coffee chain’s customers don’t seem to be in much of a rush to give up waiting on line just yet. Reuters interviewed more than two dozen Starbucks customers and discovered that while everyone interviewed appreciated the faster service, many also enjoy the ritual of waiting in line and chatting up their barista while visiting the coffeehouse.
Payments Source
MARCH 22, 2018
For the U.S., being late to the real-time payments game has some tactical advantages, namely the ability to learn from other countries' successes and failures.
PYMNTS
MARCH 22, 2018
In an unusual bid to save some Toys R Us stores from closing, toy maker executive Isaac Larian — along with other investors — has started a crowdfunding campaign. The effort aims to save more than half of the retailer’s 735 stores that could close through bankruptcy proceedings, the AP reported. The campaign hopes to raise $1 billion in funding. A website, savetoysrus.com , sends consumers to a GoFundMe page.
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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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