Chris Skinner
MARCH 26, 2019
I was about to write a really nice piece about Apple’s announcement of the launch of a new credit card, in partnership with Goldman Sachs, when Brian Roemmele beat me to it. Who is Brian Roemmele you ask? And if you are asking that … WHERE HAVE YOU BEEN? Brian is … The post Everything you need to know about Apple’s new credit card (and a bit more) appeared first on Chris Skinner's blog.
Payments Dive
MARCH 26, 2019
Finanical and techology experts are weighing in on the impact of Apple's highly anticipated entry into the credit card space.
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Chris Skinner
MARCH 26, 2019
I was about to write a really nice piece about Apple’s announcement of the launch of a new credit card, in partnership with Goldman Sachs, when Brian Roemmele beat me to it. Who is Brian Roemmele you ask? And if you are asking that … WHERE HAVE YOU BEEN? Brian is … The post Everything you need to know about Apple’s new credit card (and a bit more) appeared first on Chris Skinner's blog.
PYMNTS
MARCH 26, 2019
Ditch the plastic? Maybe, but not yet — and maybe not for a while. The world knows by now that Apple has debuted its credit card — the Apple Card — in conjunction with Goldman Sachs and Mastercard. The card is available in both virtual and tangible, plastic forms. The broad outline is one where the digital version of the card can be used wherever Apple Pay is accepted.
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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
Chris Skinner
MARCH 26, 2019
Not sure if anyone noticed that the Financial Stability Board – the world’s central banks tasked with maintaining financial stability – produced a white paper on FinTech last month. It was published on Valentines Day, so you were probably busy, and I only just stumbled across it. Here’s the Executive Summary. … The post Does FinTech worry policymakers?
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Chris Skinner
MARCH 26, 2019
Not sure if anyone noticed that the Financial Stability Board – the world’s central banks tasked with maintaining financial stability – produced a white paper on FinTech last month. It was published on Valentines Day, so you were probably busy, and I only just stumbled across it. Here’s the Executive Summary. … The post Does FinTech worry policymakers?
Payments Dive
MARCH 26, 2019
This market report gives an overview of the mobile payments landscape in Central & Eastern Europe: Russia, Ukraine, Poland, Romania, Czech Republic, Hungary, Belarus, Bulgaria, Serbia and Slovakia.
Chris Skinner
MARCH 26, 2019
Things we’re reading today include … Lyft wants to give free bank accounts and debit cards to drivers Bank boss bonuses to be savaged by watchdog Goldman’s Apple pairing furthers bank’s mass-market ambitions Jamie Dimon, spare us your crocodile tears about inequality | Robert Reich Mastercard to invest $300m in … The post Things worth reading: 27th March 2019 appeared first on Chris Skinner's blog.
Bank Innovation
MARCH 26, 2019
Cryptocurrency prices are generally down over the past year but developers have been working 24-7 on improving the underlying technology and adoption is growing accordingly, Weiss Ratings founder Martin Weiss said. "There's a disconnect between what's happening in the marketplace and what’s happening in the real world," he told Bank Innovation. On-blockchain transaction volume is […].
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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 26, 2019
Apple is reportedly blocking its person-to-person credit card payment service unless a user gets a new Apple Card. According to a report in Cult of Mac , as of Tuesday (March 25), you can no longer send a payment to another person using your credit card via Apple Pay Cash unless its the company’s credit card. The report noted users are still able to send payments via a debit card or via bank transfer.
Bank Innovation
MARCH 26, 2019
Clinc, a conversational AI company, has signed a deal with a major U.K. bank to use its new AI-based fraud tool, Bank Innovation has learned. Clinc could not disclose the bank's name, but Gualberto Camacho, director of product at the company, told Bank Innovation that it is "one of the three largest FIs in the […].
PYMNTS
MARCH 26, 2019
In 2015, news outlets ran articles about the “ gold mine ” of venture capital investments in the alternative finance sector. The industry indeed proved to be lucrative for FinTechs, with alternative lending often landing at the top of venture capital investment reports with giants like Kabbage , OnDeck and LendingClub securing an early lead in the industry.
Chris Skinner
MARCH 26, 2019
Things we’re reading today include … Lyft wants to give free bank accounts and debit cards to drivers Bank boss bonuses to be savaged by watchdog Goldman’s Apple pairing furthers bank’s mass-market ambitions Jamie Dimon, spare us your crocodile tears about inequality | Robert Reich Mastercard to invest $300m in … The post Things worth reading: 27th 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 26, 2019
It’s a $2 trillion problem, according to stats, and global in scope. Money laundering is big business and the recovered funds are scant, which begs a solution (a roadmap was offered up for FIs in a recent PYMNTS interview with Zac Cohen , Trulioo general manager). Elsewhere, Mastercard is targeting contactless payments on a mass scale – for mass transit , rolling out across additional cities through the next few years.
Bank Innovation
MARCH 26, 2019
The app was quickly becoming a cult favorite among penny-pinching U.S. consumers – and also a bane for their banks. In just over a year, Paul Kesserwani’s startup Cushion has helped users win refunds on almost $1 million in fees by logging into their accounts and disputing charges with an artificial-intelligence chatbot, named Fee Fighter. The […].
PYMNTS
MARCH 26, 2019
Globalization and easing barriers to international expansion aren’t simply changing the way corporates manage foreign exchange exposure. For many firms, these trends are forcing the introduction of an FX strategy on a company for the very first time, and when corporate treasurers aren’t prepared, they can run into complications beyond the cost of currency exchange.
Bobsguide
MARCH 26, 2019
An obsession with the latest and greatest cybersecurity technology and a lack of empowerment for chief security officers is holding banks and others in financial services back from tackling the real root of the problem – cybercriminals already infesting their networks. “The security.
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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
MARCH 26, 2019
Private equity firm Bridgepoint is reportedly readying a $1.2 billion acquisition of treasury management technology firm Kyriba , according to Private Equity News reports on Monday (March 25). The publication, citing unnamed sources, said Bridgepoint has struck an agreement with Kyriba for the acquisition that will land a 75 percent stake in the firm.
Payments Source
MARCH 26, 2019
Billions of dollars in investments are pouring into digital payments, but the hefty numbers obscure a regulatory and competitive squeeze that could shut banks out of the profits for good.
PYMNTS
MARCH 26, 2019
The rise of artificial intelligence (AI) is giving rise to more questions about its ethical use. Now, Google ’s parent company, Alphabet , is creating what Reuters called “a global advisory council to consider ethical issues around artificial intelligence and other emerging technologies.”. The group includes AI experts, as well as people with experience in digital ethics, public policy and other such areas, the report said.
Payments Source
MARCH 26, 2019
Traditional loyalty programs provide customers with tangible benefits, such as a free item with purchase or a reward for return visits. But these are limited in reach, argues James Roedding, senior director of strategy and product at Rewards Network.
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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
MARCH 26, 2019
Back in the day fast food and other QSR operations were not exactly known as centers of cutting-edge technology. Now QSR operations are getting smart, so to speak, via artificial intelligence (AI) technology. The trend is still in its early days — as is the general case with AI deployments in most areas of the digital economy — but evidence of the trend’s strength recently came from McDonald’s.
Gonzobanker
MARCH 26, 2019
Game-changing mergers like the just-announced FIS/Worldpay agreement and the January Fiserv/First Data pending deal are creating bigger, more diversified vendors that banks and credit unions use for payments services. These major vendors are pursuing strategies to gain scale and build the firepower to invest in new technologies and customer experience capabilities.
PYMNTS
MARCH 26, 2019
Mastercard , the payments company, is taking a big stake in Network International , the payments company servicing the Middle East. According to a report in The Financial Times , Mastercard will take part in Network International’s initial public offering (IPO) in London in April by making a $300 million investment in the listing. It will amount to Mastercard purchasing 9.99 percent of Network International’s shares, reported The Financial Times.
Payments Source
MARCH 26, 2019
As more U.S. e-commerce merchants look to accept cross-border payments, they must contend with payment processes that are less straightforward than they are used to — but which consumers have come to expect.
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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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