Chris Skinner

JANUARY 16, 2020

Just before Christmas I heard of a new European payments initiative called PEPSI, short for Pan European Payment System Initiative. Nice acronym although I prefer Coca-Cola, the Co-ordinated Car Co-operative Association. Or something like that. Anyways, whichever Cola you prefer, this new initiative is interesting. Backed by over twenty mainly … The post European payments on gas appeared first on Chris Skinner's blog.

Payments 327

Payments Maine System Operations 327

Bank Innovation

JANUARY 16, 2020

MUFG Union Bank is on track to move to a cloud core banking infrastructure system within two years, an initiative that will let the bank build and release new products more quickly, the company told Bank Innovation this week. “It’s all about cloud, native cloud and the ability to move data quickly, safely, securely in a […].

Innovation 259

Innovation System Security Data 259

Chris Skinner

JANUARY 16, 2020

Things we’re reading today include … Why Goldman Sachs is playing catch-up with JPMorgan BlackRock says it wants to do more for the climate Former Barclays boss accused of ‘funnelling funds’ to Qatar Economists explore the consequences of steering technological progress Santander heir gets £44m fine for trying to smuggle … The post Things worth reading: 17th January 2020 appeared first on Chris Skinner's blog.

Technology 255

Technology 255

Bank Innovation

JANUARY 16, 2020

MUFG Union Bank is on track to move to a cloud core banking infrastructure system within two years, an initiative that will let the bank build and release new products more quickly, the company told Bank Innovation this week. “It’s all about cloud, native cloud and the ability to move data quickly, safely, securely in a […].

Innovation 243

Innovation System Security Data 243

Advertisement

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

Lending

Accenture

JANUARY 16, 2020

Accenture’s ground-breaking 2019 Global Financial Services Consumer Study has seen four mindsets emerge from the data: Pioneers, Sceptics, Traditionalists and Pragmatists. In this series of blog posts, we’ll look at each type in the Australian context.¹ The global view As the name suggests, Traditionalists are far more interested in old-school ways of dealing with financial….

Study 195

Study Data 195

Payments Dive

JANUARY 16, 2020

The Pawtucket Red Sox became the first professional sports team to announce an autonomous checkout store, to be located in Polar Park, a ballpark the team is building. The company's owner has joined the technology firm to introduce autonomous checkout to other facilities.

Technology 195

Technology Company 195

Bank Innovation

JANUARY 16, 2020

Expense management startup Expensify is including charitable donations as a perk for its corporate cards. The product, which launched in beta in October, became available to the public this week. It allows employees to make donations to different causes for every purchase they make. “Most people who have a rewards card lose more money through […].

Cards 221

Cards Company Management Payments 221

PYMNTS

JANUARY 16, 2020

A New York City-appointed panel is seeking a $500 million bailout to help taxi drivers trapped in unscrupulous medallion loans, The New York Times reported on Wednesday (Jan. 15). A group is asking for the creation of a new public-private partnership to take over the debt that the drivers took on to buy medallions — city-issued permits that are required to own cabs. .

New York City 178

New York City New York Taxes Analysis 178

Bobsguide

JANUARY 16, 2020

Banks to expand their use of analytics, according to Alex Kwiatkowski, principal industry consultant at SaS’ global banking practice. “[Banks] have not yet realised the full potential of analytics,” says Kwiatkowski. “They may have analytics in siloed areas, perhaps on.

Analytics 137

Analytics Industry 137

Advertisement

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

Report

PYMNTS

JANUARY 16, 2020

B2B invoicing and payments firm Crowdz has announced a new pilot aimed at connecting businesses to crowdfunding services to finance their unpaid invoices. In a press release sent to PYMNTS Thursday (Jan. 16), Crowdz announced it is rolling out what it claims to be the world’s first invoice financing marketplace, InvoiceXchange, in pilot phase. The platform will enable businesses to auction off their invoices to receive invoice financing, a tool Crowdz said aims to address the pain point of late

Resources 169

Resources blockchain Tools Capital 169

CFPB Monitor

JANUARY 16, 2020

The CFPB has published a notice in the Federal Register announcing that it is seeking applications for membership on its Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. For an applicant to be considered, the Bureau must receive his or her complete application packet by February 27, 2020.

Groups 97

Groups Community Bank Community Analysis 97

PYMNTS

JANUARY 16, 2020

Solution providers in accounts payable (AP) and accounts receivable (AR) are increasingly servicing not only their corporate customers, but their customers’ own business partners with their technologies. AP solutions are placing greater emphasis on easing the pain of accepting payments for their users’ suppliers, while AR technologies are looking at how to help their supplier customers support the needs of their own business customers.

Payments 142

Payments Technology Operations Management 142

ATM Marketplace

JANUARY 16, 2020

Blockchain technology can provide excellent tools for supply chain management. ATM Marketplace spoke with former Coca-Cola executive Kraig Adams to learn how he got involved with blockchain technology and how it will transform supply chain management.

blockchain 95

blockchain Management ATM Tools 95

Advertisement

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.

Lending

PYMNTS

JANUARY 16, 2020

Apple shelled out $200 million for an artificial intelligence (AI) startup that makes smart devices smarter, topping bids by Microsoft, Amazon and Intel, according to reports on Thursday, (Jan. 16), citing sources. . The iPhone maker purchased the two-year-old Seattle-based AI firm Xnor , which develops low-power edge-based AI. The machine learning technologies run directly on the so-called edge devices instead of tapping the cloud, powering smartphones, IoT appliances, cameras, drones, and more

Apple 137

Apple Google Seattle Analytics 137

SWBC's LenderHub

JANUARY 16, 2020

These days, criminals have turned to internet-based transaction laundering to disguise profits from unscrupulous and illegal enterprises. Transaction laundering has also been referred to as factoring, undisclosed aggregation, and electronic money laundering, and it occurs when an undisclosed online business uses another company’s payment credentials to process unknown transactions on behalf of the undisclosed business.

Payments 78

Payments Online Cyber Security Fraud 78

PYMNTS

JANUARY 16, 2020

Access to affordable housing is hard to find in the U.S. According to research from Harvard University, in 2016, nearly half of renters were cost-burdened — or spending more than 30 percent of their annual incomes on rent and utilities. In 1960, that figure was at 20 percent. According to National Low Income Housing Coalition findings , the share of American renters in any U.S. county working full-time (40 hours per week) in a minimum wage job who can “afford a two-bedroom rental home” without b

Payments 136

Payments Management Software Data 136

CFPB Monitor

JANUARY 16, 2020

CFPB Director Kraninger has rejected the argument made by Equitable Acceptance Corp (EAC) that because the Bureau’s structure is unconstitutional, the civil investigative demand it received from the Bureau should be set aside or at least modified to stay the CID’s response deadlines pending the U.S. Supreme Court’s decision in Seila Law. In her decision and order denying EAC’s petition to set aside or modify the CID, Director Kraninger stated that the Bureau “has consistently taken the position

Conference 78

Conference Compliance Meeting Regulation 78

Advertisement

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.

US

PYMNTS

JANUARY 16, 2020

Open banking and its promise of more elasticity in finance is enabled by application program interfaces (APIs) — lines of code that execute everything from simple peer-to-peer (P2P) transfers to industrial-sized B2B real-time payments. But many small and medium-sized businesses (SMBs) are missing out on API breakthroughs that could enhance operations — improving cash flow, for example — and part of the reason may be lethargic legacy banks.

Examples 133

Examples Payments Fintech Data 133

Payments Source

JANUARY 16, 2020

The move to dump passwords in favor of more flexible authentication will likely happen in clusters, with schools providing many of the factors necessary.

Alabama 80

Alabama Payments Mobile 80

PYMNTS

JANUARY 16, 2020

As the retail landscape adjusts to more online shoppers, traditional brick-and-mortar retailers are reacting to customers’ changing lifestyles – including how they arrive at their stores. Swedish household giant IKEA is now building megastores in urban areas without parking spaces – starting with a location in Vienna, Austria – as more consumers are adopting car-free lifestyles, according to reports.

Retail 133

Retail Community Meeting Trends 133

Payments Source

JANUARY 16, 2020

Plaid may be a more problematic acquisition than Visa made it out to be. But without Visa, those problems were likely to get a lot worse.

Groups 85

Groups Compliance Technology Fintech 85

Advertisement

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.

Compliance

PYMNTS

JANUARY 16, 2020

Fraudsters are starting off the new decade armed with the stolen data and credentials of millions of global consumers, and they are already putting that data to use. Today’s fraudsters are practiced and well-equipped, making proper data and consumer identification a must to maintain a successful business in any industry. Firms must know how to divide fraudsters from their legitimate business suppliers, vendors and end customers.

Fraud 133

Fraud Tools Data Industry 133

Bobsguide

JANUARY 16, 2020

Which individual do you think is really driving the fintech agenda in your organisation? Or perhaps you’ve been dealing with someone externally who has impressed you? We’re compiling a list of the individuals who are making the difference in the industry today, and so shaping the.

Fintech 79

Fintech Industry 79

PYMNTS

JANUARY 16, 2020

Kadena , a crypto startup that’s an offshoot of JPMorgan’s blockchain center, has launched a public blockchain that can interact through public and private sections, according to a report Wednesday (Jan. 15) by Coindesk. Kadena will also integrate its Chainweaver wallet into the Cosmos Network, which is what would allow the two blockchains to communicate with each other.

blockchain 133

blockchain Bitcoin Sacramento Report 133

Payments Source

JANUARY 16, 2020

Data security and infrastructure custodian Very Good Security (VGS) received a strategic investment from Visa, which has been spending heavily this week on fintech.

Security 71

Security Fintech Data Compliance 71

Advertisement

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.

Lending