Payments Dive
APRIL 12, 2018
Julian Wells, retail director at Rambus, believes that retailers that invest in the right in-store digital initiatives will be able to separate themselves from the competition going forward.
Bank Innovation
APRIL 12, 2018
Spain’s Banco Santander Bank today launched Santander One Pay FX, a blockchain-based international money transfer service across four countries. This new service is the first of its kind, according to the bank, and was developed by blockchain firm Ripple. The service is available to retail customers in Spain, UK, Brazil and Poland. The bank plans […].
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Chris Skinner
APRIL 12, 2018
During the Asian Banker’s Retail Excellence conference that I attended recently, my friend Emmanuel Daniel posed the question: Who do you trust more: Facebook or the Government? Bearing in mind that this was in the week of the Cambridge Analytica leaked data storm, where everyone was screaming to #deletefacebook and … The post The fragility of trust appeared first on Chris Skinner's blog.
Bank Innovation
APRIL 12, 2018
EXCLUSIVE— BBVA is looking to create a platform ecosystem as it continues to grow its relationships with startups and fintechs, Jose Fernandez da Ponte, head of global business development and new ventures, BBVA Digital, told Bank Innovation. “We are very curious about the way banks can be used as platforms,” Fernandez da Ponte told Bank […].
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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
Payments Dive
APRIL 12, 2018
With a lot of courage, heart and brains, Suresh Ramamurthi and his wife Suchitra Padmanabhan turned a failing bank into a fintech phenom in tiny Weir, Kansas. In a keynote at the BCX Summit, Ramamurthi will talk about CBW's journey — and its far-reaching implications for the bank customer experience.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
APRIL 12, 2018
In the workforce, speed is an issue close to employees’ hearts. How quickly workers get paid can not only affect their satisfaction with their day-to-day job, but also plays a large role in motivating them to remain in their roles. And employers are learning that the same rule of payment speed applies when it comes to boosting productivity through company wellness programs.
Bank Innovation
APRIL 12, 2018
The price of bitcoin surged above $8,000 today for the first time in several weeks, a rise of more than 13% over the past 24 hours, prompting excitement in the cryptocurrency community. The combined market capitalization of all cryptocurrencies rose 16% over the same period. It has been, in short, bitcoin’s best day so far […].
Bobsguide
APRIL 12, 2018
A lack of clarity over the potential products and services spawning from the open banking revolution will make it difficult for the industry to prepare for how the market will change. “I don’t think there’s anyone that can tell you what kind of services will be delivered off the.
Bank Innovation
APRIL 12, 2018
It’s no secret that China's e-commerce scene is huge and growing, with players like Baidu, Alibaba and Tencent. By extension, China's stellar status in the e-commerce landscape also translates into a strong performance in the mobile payments space. China’s growth in e-commerce has, indeed, been impressive. A new report by McKinsey & Company, released earlier […].
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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
APRIL 12, 2018
The Securities Industry and Financial Markets Association (SIFMA), the trade group for the financial industry, released a framework on Thursday (April 12) to protect the data of consumers when they give third parties the right to access that information. Reuters , citing SIFMA, reported the trade group said that while these third parties, often FinTechs , help consumers make decisions on investments, they also expose consumers to personal data security risks.
Bank Innovation
APRIL 12, 2018
Payments provider Mastercard will be expanding its innovation center in Ireland with the creation of 175 new technology positions, the company announced today. Mastercard is looking to fill a variety of roles at the center, located in Leopardstown in County Dublin. These roles include blockchain specialists, data scientists, software engineers, and security experts, among other […].
PYMNTS
APRIL 12, 2018
Tomorrow, April 13, signing a receipt at the end of a Mastercard credit or debit transaction at the physical POS will become a relic of payments history. Mastercard first announced its plan to go sans signature six months ago. It’s a change that’s long overdue for many consumers. Consumers like Karen Webster, who – in a conversation with Mastercard U.S. market development EVP Linda Kirkpatrick – shared a coffee shop anecdote about waiting in line behind someone who whipped out her debit card to
Bank Innovation
APRIL 12, 2018
Paytm Canada is rolling out a bill pay rewards program that allows users to receive points and cash back for bill payment across multiple payment methods, the company announced yesterday. The feature, which works across mobile, allows Canadian users to pay bills on their device through debit, credit, cash, or through their bank accounts: all […].
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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
APRIL 12, 2018
The transition to the EMV chip in North America has been both a boon and a bit of a headache when it comes to payments security. On the one hand, Worldpay ’s VP of Data Products Nicole Jass noted, EMV has done an awful lot to slam the door shut on card-present fraud. According to Visa, counterfeit fraud at U.S. chip-enabled merchants was down 66 percent in June of 2017 compared to June of 2015.
Bobsguide
APRIL 12, 2018
Compliance with legislation is a basic condition for all businesses. However, few industries are as regulated as the financial sector. Since the financial crisis, the volume of regulations has grown exponentially, and market participants now find themselves operating in a minefield of various legal.
PYMNTS
APRIL 12, 2018
Fiserv, a global provider of financial services technology solutions, announced Wednesday (April 11) it has named Kim Crawford Goodman president of card services. In a press release , Fiserv said that Goodman will be in charge of the company’s card services business, including debit and credit processing, ATM payment solutions and the Accel premier payments network.
Payments Source
APRIL 12, 2018
DCC is popular with payment processors and merchants because it almost effortlessly boosts profits, gouging an often one-time consumer instinctively comfortable and receptive to paying in his familiar home currency, writes Eric Grover, a principal at Intrepid Venture.
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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.
PYMNTS
APRIL 12, 2018
From chatbots that answer questions about personal accounts and bill payments to dashboards that display individualized account information and advice on how to better manage money, personalized offerings have become the norm in the financial services space. Financial institutions (FIs) can no longer afford to offer consumers a set of services designed to meet the needs of many rather than each individual.
Payments Source
APRIL 12, 2018
Apple and Ripple may have a potential idea to remove friction from mobile payments, but the implementation could make for a rough ride.
PYMNTS
APRIL 12, 2018
Banco Santander , the Spanish bank, announced on Thursday (April 12) the launch of a new international payments service that is based on Ripple ’s blockchain technology. In a press release , the bank said the service is now available to retail customers residing in Spain, the U.K., Brazil and Poland and will come to more countries in the next few months.
Bobsguide
APRIL 12, 2018
There’s more to a transaction than the simple exchange of goods or services for money. Each is a relationship – an engagement that involves the sharing and exchanging of trust, value, and in some cases, data. That’s part of the reason why it’s so vital to verify customer.
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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.
PYMNTS
APRIL 12, 2018
On Thursday (April 12), Samsung Pay , the digital payment unit of Samsung Electronics, debuted Samsung Rewards, which gives users reward points every time they use the Samsung Pay mobile payment service to make purchases. According to news from BGR , with the program, it doesn’t matter what the Samsung Pay customer purchases with his or her mobile device.
Payments Source
APRIL 12, 2018
By reducing, or completely removing, paper-based billing through automation, your company can drastically reduce its environmental impact, writes Colleen Ciak, head of eAdoption at Billtrust.
PYMNTS
APRIL 12, 2018
Tech companies are spending big on research and development (R&D). In 2017, for example, FactSet found that five U.S. tech companies invested a total of $76 billion in the field last year, Recode reported. Amazon spent the most on R&D by far. The eCommerce retailer invested $22.6 billion in R&D in 2017, which was 41 percent more than it did in 2016.
Payments Source
APRIL 12, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Amex launches a branding campaign; Uber links to mass transit; Taiwan regulates crypto; Long Blockchain faces delisting; Is more data more important than faster payments?
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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.
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