Chris Skinner
MARCH 31, 2019
We all got hugely excited about Apple launching a credit card with Goldman Sachs and Mastercard last week. Whoopy-doo! This was a major lift for Mastercard in particular. As Wedbush’s Moshe Katri noted payments on the card will be processed by Mastercard using “Mastercard’s token and M-chip technology, which allow … The post Alipay and Visa announce global QR code venture appeared first on Chris Skinner's blog.
PYMNTS
MARCH 31, 2019
The FBI has announced a directive shift away from counterterrorism and toward fighting the increasing threats from cyber attacks, according to a report in The Wall Street Journal. The move comes amid an ecosystem of attacks from foreign countries, like Russia and its election meddling and China’s cyber attacks against U.S. businesses. The Navy also recently reported that it was under siege by Chinese cyber attacks, and FBI Director Christopher Wray said all 56 bureau field offices have open inve
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Chris Skinner
MARCH 31, 2019
Things we’re reading today include … Ex-HSBC staff voice anger over bank’s pension clawback Not all Chinese bank borrowers are made equal Swedbank and Wells Fargo: all look too good to be true Hedge fund of investor who inspired The Big Short takes position on Barclays Europe’s efforts to curb … The post Things worth reading: April 1st 2019 appeared first on Chris Skinner's blog.
PYMNTS
MARCH 31, 2019
Cross-border money transfer startup TransferWise is looking to raise funds and will sell a stake in itself to do so, according to a report by Reuters. The company’s past investors include English business magnate Richard Branson and PayPal founders Peter Thiel and Max Levchin. FinTech companies that offer new technology to help move cash and funds across borders are becoming increasingly popular and disruptive to traditional banking institutions.
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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 Source
MARCH 31, 2019
By learning from the struggles that resulted from Wells Fargo’s outages, the rest of the financial world can improve its own disaster recovery plans, writes Todd Matters, chief architect and co-founder of RackWare.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
MARCH 31, 2019
Mastercard has spent years attempting to overhaul transit payments to allow riders to pay with a contactless credit or debit card. This time around, it expects Apple Pay to play a significant role.
PYMNTS
MARCH 31, 2019
Facebook CEO Mark Zuckerberg wrote an opinion piece in The Washington Post calling on regulators to take a “more active role” in making rules for how to police the internet, according to reports. “By updating the rules for the internet, we can preserve what’s best about it — the freedom for people to express themselves and for entrepreneurs to build new things — while also protecting society from broader harms,” Zuckerberg wrote.
Independent Banker
MARCH 31, 2019
. “Stepping into the unknown can help us accomplish great things.”. It was wonderful to see so many of you at ICBA LIVE a few weeks ago in Nashville, Tenn. It’s always great to be with fellow community bankers, and now, as ICBA president and CEO, our members! What a great time we had—full of learning, inspiration and fun. Our theme this year was all about being bold, in innovation, leadership and life.
PYMNTS
MARCH 31, 2019
Citigroup, the third-largest bank in the U.S., could miss the financial targets for 2020 in the consumer division, reported The Financial Times. According to a report in The Financial Times, at the same time that executives at Citigroup are expressing confidence the unit can overcome challenges this year, the results in the consumer unit are a growing concern for investors.
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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
The Financial Brand
MARCH 31, 2019
Here's how three banks — Zions, Synovus and TCF are carving their path to personalization in the digital future. The post Crafting Amazon-Like Banking Experiences Easier Said Than Done appeared first on The Financial Brand.
PYMNTS
MARCH 31, 2019
Market regulators in the United States and the U.K. have finished working on two potential agreements in the event of a no-deal Brexit, according to a report in The Financial Times. The agreements would be for cooperation and oversight of the fund management industry and the markets. The Securities and Exchange Commission and the Financial Conduct Authority (FCA) will work together to watch derivatives reporting, credit rating organizations and also fund managers.
The Financial Brand
MARCH 31, 2019
New study shows that it takes a college degree to decipher most credit card offers. Problem is, the average American reads at an 8th grade level. The post Make It Simple: Credit Card Marketing Confuses Consumers appeared first on The Financial Brand.
PYMNTS
MARCH 31, 2019
The former CEO of defunct bitcoin exchange Mt. Gox is planning to appeal his conviction on data manipulation charges. Mark Karpeles said he decided to appeal because the Tokyo District Court did not fully look at his defense arguments in the Mt. Gox case. “During the opening of my trial in 2017, I swore to God that I am innocent of all charges. I believe appealing to the judgment is appropriate so that I can be judged again in full consideration of all the facts,” he said, according to The Assoc
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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
MARCH 31, 2019
Consumer sentiment improved in March as Americans felt better about the economy and the potential to earn money. According to a report in The Wall Street Journal over the weekend citing the University of Michigan’s index of U.S. consumer sentiment, the index came in at 98.4 in March, up from 93.8 in February. It also higher than the 97.8 economists were expecting for March, reported The Wall Street Journal.
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