Chris Skinner
MARCH 25, 2019
So, I blogged last week about women in FinTech and whether we care, and got lots of replies … from women … who said yes, we care. Interesting that there were not so many replies from the other gender, but hey what do you expect? One interesting insight is that … The post Women in FinTech … yes, we care appeared first on Chris Skinner's blog.
Bank Innovation
MARCH 25, 2019
A person’s utility bill can reveal a lot about their financial profile. And many banks and alternative lenders are using this data to underwrite loans, Sanjoy Malik, CEO and co-founder of utility data provider Urjanet, told Bank Innovation. “A consumer’s utility payment history reveals obvious things like does the person pay bills on time? How […].
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Chris Skinner
MARCH 25, 2019
So, I blogged last week about women in FinTech and whether we care, and got lots of replies … from women … who said yes, we care. Interesting that there were not so many replies from the other gender, but hey what do you expect? One interesting insight is that … The post Women in FinTech … yes, we care appeared first on Chris Skinner's blog.
Bank Innovation
MARCH 25, 2019
Eleven startups participated in the Demovation challenge at the Bank Innovation Ignite conference in Seattle earlier this month. These startups, diverse in focus, comprised a wide range of the fintech ecosystem, including payments, security and blockchain. The winner of the competition- an identity proofing and verification startup Diro Labs, received admission to the INV Fintech […].
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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
PYMNTS
MARCH 25, 2019
Approximately 20 billion IoT-enabled devices will be connected by 2020. These items are fast, handle an increasingly large amount of personal and financial data and tend to be prone to cybercriminals’ attacks. A large-scale, IoT-based breach has yet to occur, but the seeds are already sprouting. Thus, IoT security is becoming an essential part of modern conversations.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
MARCH 25, 2019
And so a tech giant gets into the credit card game. And not just any tech giant – it’s Apple, the company whose payment services were touted (by at least some) as a credit card killer. News came Monday (March 25) that Apple – specifically, through its payments service Apple Pay – has launched the Apple Card. As reported, the company said users sign up for the card through their iPhone, can get approval through the device and can begin using the card immediately.
Chris Skinner
MARCH 25, 2019
Things we’re reading today include … Bank Is Being Beaten Back Into Shape With Digital Plan Open banking – should I use it? £354m lost in bank transfer scams in 2018 City optimism falling at fastest rate since financial crisis – CBI Finance sector plans for the worst on Brexit … The post Things worth reading: 25th March 2019 appeared first on Chris Skinner's blog.
PYMNTS
MARCH 25, 2019
To help meet customer expectations in the digital age, retailers have to know who their shoppers are and what they want. While eTailers already have this information about consumers, brick-and-mortar retailers don’t have this in-depth knowledge. New digital innovations, however, provide the promise of offering valuable customer data to merchants. Smart vending solutions are becoming more popular and offer merchants new opportunities for insights, according to the latest PYMNTS Unattended Retail
Chris Skinner
MARCH 25, 2019
Things we’re reading today include … Apple to launch a new credit card with Goldman. Are the perks worth it? Goldman’s Apple Card leaves questions unanswered Citi aims to grow Asia wealth management client base by 10 pct in 2019 StanChart CEO says fears of Chinese growth slowdown, trade war … The post Things worth reading: 26th March 2019 appeared first on Chris Skinner's blog.
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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
MARCH 25, 2019
Most of the payments chatter last week focused on FIS’ mega acquisition of Worldpay. The topic of conversation was the inevitable consolidation of the payments sector, as scale becomes critical to optimizing the payments experience and innovating new payments flows. Another piece of Worldpay news broke last week that has as much potential to innovate new payments flows and shape the direction of commerce in the decade of the 20s, now only nine months away.
Bank Innovation
MARCH 25, 2019
Apple today unveiled its plans to launch a virtual credit card product with Goldman Sachs and Mastercard this summer called Apple Card, which will reside within the Wallet app on Apple devices. An accompanying physical card, made of titanium, with a laser-etched name but without a card number, CVV code, expiration date or signature, will […].
PYMNTS
MARCH 25, 2019
The numbers are sobering. Even staggering. When it comes to financial crime, it seems, the bad guys are getting away with financial murder. Consider the fact that, as noted in the most recent AML/KYC Tracker produced as a collaboration between PYMNTS and Trulioo , money laundering is estimated by the United Nations Office on Drugs and Crime to be an $800 million to $2 trillion-per-year problem, equivalent to 2 percent to 5 percent of the global GDP.
Chris Skinner
MARCH 25, 2019
Things we’re reading today include … Apple to launch a new credit card with Goldman. Are the perks worth it? Goldman’s Apple Card leaves questions unanswered Citi aims to grow Asia wealth management client base by 10 pct in 2019 StanChart CEO says fears of Chinese growth slowdown, trade war … The post Things worth reading: 26th March 2019 appeared first on Chris Skinner's blog.
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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 25, 2019
The current best-in-class method of payment for a ride on a subway in any American city works just fine – until it doesn’t. Loading funds onto a prepaid card that opens the turnstile once scanned, swiped or inserted works terrifically well – until the customer forgets to check the balance on his transit pass, and finds himself locked out at the turnstile.
Chris Skinner
MARCH 25, 2019
Things we’re reading today include … Bank Is Being Beaten Back Into Shape With Digital Plan Open banking – should I use it? £354m lost in bank transfer scams in 2018 City optimism falling at fastest rate since financial crisis – CBI Finance sector plans for the worst on Brexit … The post Things worth reading: 25th March 2019 appeared first on Chris Skinner's blog.
Bank Innovation
MARCH 25, 2019
African Bank Holdings Ltd. is joining the rush into digital banking to fail-proof the business and provide an exit for shareholders that resurrected the South African lender from its collapsed former parent. The firm’s unusual owners, which includes the South African central bank and six of the nation’s largest lenders, stepped in to save it […].
PYMNTS
MARCH 25, 2019
And so a tech giant gets into the credit card game. And not just any tech giant – it’s Apple, the company whose payment services were touted (by at least some) as a credit card killer. News came Monday (March 25) that Apple – specifically, through its payments service Apple Pay – has launched the Apple Care credit card. As reported, the company said users sign up for the card through their iPhone, can get approval through the device and can begin using the card immediately.
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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.
Payments Source
MARCH 25, 2019
Apple's new credit card isn't just another virtual card in its virtual wallet. It borrows a lot of features from the most successful brands in payments and technology.
PYMNTS
MARCH 25, 2019
To connect food delivery platforms with consumers looking for convenience and cost savings, eCommerce innovators are creating aggregators as price and time comparison tools. Take FoodBoss , which was co-founded by Michael DiBenedetto after he faced a challenge when he wanted to order food with a group. “We didn’t know which restaurants worked with what services” and didn’t know the delivery fees or times associated with particular options, DiBenedetto told PYMNTS in an interview.
Ron Shevelin
MARCH 25, 2019
The hottest technologies in banking are not emerging technologies like machine learning, chatbots, and blockchain.
PYMNTS
MARCH 25, 2019
Venmo , the digital money transfer company owned by PayPal, is going after consumers who have a negative balance in their accounts. According to a report in The Wall Street Journal , citing customer service emails reviewed by the paper, Venmo is threatening to involve debt collectors to pursue customers with negative balances. It also recently overhauled its user agreement to state that it can recover money owed from customers from their other PayPal accounts.
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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.
Payments Source
MARCH 25, 2019
The new Apple Card wasn't just one product of many announced at the Steve Jobs Theater on Monday — it was the glue that binds all of Apple's new services together.
PYMNTS
MARCH 25, 2019
Shipping and logistics conglomerate UPS has partnered with eCommerce technology company Inxeption to allow businesses to market and distribute products on multiple online channels from one secure place. The platform integration, called Inxeption Zippy, will enable manufacturers, distributors and wholesalers to set up a company-branded website. In addition, they can list, market and sell their products to customers, while the blockchain -backed technology keeps sensitive information secure.
Bobsguide
MARCH 25, 2019
Time is running out to submit entries for the 2019 bobsguide Partnership Awards. With the deadline for submissions just five weeks away, nominations are building up, and the judging team is encouraging market participants to file entries soon to avoid disappointment in what is shaping up to be a.
PYMNTS
MARCH 25, 2019
A new report has revealed that invoice fraud cost U.K. businesses £93 million ($122.8M USD) last year. But despite the losses, more than four in 10 businesses in the country are unaware of the risks associated with the crime. Invoice fraud happens when criminals pose as a regular supplier and make a request for their bank account information to be changed, usually via email.
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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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