Bank Innovation
FEBRUARY 26, 2018
EXCLUSIVE – This month, my company, Royal Media, was robbed. This was a civilized heist, mind you. No guns were involved, no one got hurt?—?in fact, not a sound was even heard. It was a faceless theft, as well. Its discovery started with an innocuous question by a colleague: “Do you have a Walmart credit.Read More.
Chris Skinner
FEBRUARY 26, 2018
I just read an interesting new report from Deloitte about blockchain. They tracked the history of 86,034 blockchain projects hosted on GitHub since 2009 to pull out “key lessons” on where the blockchain industry is going and its long-term prospects. Here are some of the highlights: More than 26,000 blockchain … The post 9 out of 10 blockchain trials go nowhere appeared first on Chris Skinner's blog.
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Bank Innovation
FEBRUARY 26, 2018
The words “fast”, “affordable”, and “hassle-free” are seldom used in conjunction with financial products. However, broader trends are revolutionizing how companies deliver new experiences and engage with customers across the industry. Today’s business differentiators, such as the use of chatbots to automate interactions with customers, are possible due to the advances in technology provided by.Read More.
Chris Skinner
FEBRUARY 26, 2018
Things we’re reading today include … Bank of America to open 500 new branches in 4 years Brexit prompts Credit Suisse to move 250 London jobs Watchdog warns of gaps in US financial regulation Are you sorry to see the end of the old-style £10 note? Mifid II and the … The post Things worth reading: 27th February 2018 appeared first on Chris Skinner's blog.
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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
Bank Innovation
FEBRUARY 26, 2018
EXCLUSIVE—Mastercard plans to use its digital payments technology, combined with solar technology, to bring energy to those in rural areas that do not have access to traditional means of powering their homes and lives, the company announced today at the start of the Mobile World Congress. Alongside its other announcements at the conference, where companies.Read More.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
FEBRUARY 26, 2018
The Australia and New Zealand Banking Group (ANZ Banking Group) announced an investment in fintech startup Data Republic as the bank readies for new open-banking regulations from the government. Terms of the investment were not disclosed. The partnership will provide ANZ access to Sydney-based Data Republic’s platform, allowing the bank to use its data so.Read More.
PYMNTS
FEBRUARY 26, 2018
Of the initial coin offerings that blasted onto the scene in 2017 along with the price of bitcoin , 46 percent have failed. That’s according to Engadget , which — citing data from TokenData — reported that of the 902 ICOs in 2017, 46 percent have failed. Among that percentage, 142 never got the funding and another 276 have faded away or were scams. What’s more, the report noted that another 113 ICOs have stopped talking about their project online or haven’t had enough adopters that success will
Bank Innovation
FEBRUARY 26, 2018
EXCLUSIVE – Josh Rowland, Chief Executive Officer and Vice Chairman of Lead Bank, will join Jane Barratt, CEO of GoldBean, to discuss banking innovation and bank-startup partnerships. Bank Innovation 2018 will take place March 5-6 in San Francisco. At Lead Bank, a Kansas City, Mo.-based community bank, Lead, Rowland serves in multiple management roles, including.Read More.
PYMNTS
FEBRUARY 26, 2018
In an effort to bring more investments to the financial sector, the China Banking Regulatory Commission (CBRC) has overhauled rules to make things easier for foreign investors. According to a report in Reuters , citing a statement made by state media agency Xinhua, the CBRC overhauled regulations for foreign banks, eliminating the steps a foreign investor must take in overseas wealth management products and portfolio investment funds.
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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
Insights on Business
FEBRUARY 26, 2018
Watch the video. It’s clear: Customer Experience is the battleground for banks, insurance, and financial services companies. Pressures from fintech competitors, regulators, cybercriminals threaten the relationships incumbent banks have built with their customers. Today’s challenges, require bigger ideas and better thinking—bringing cloud, cognitive, blockchain, even quantum computing technologies to the table as viable solutions to meet the enterprise-wide transformation imperative.
PYMNTS
FEBRUARY 26, 2018
The man who had claimed to be the founder of bitcoin is being sued for allegedly stealing $5 billion of bitcoin from his former business partner. Craig Wright, who had said he was Satoshi Nakamoto, faces the suit in a Florida court, The Verge reported. The suit claims that Wright was in the business of mining bitcoin with Dave Kleiman, who is now deceased.
Payments Source
FEBRUARY 26, 2018
With even the likes of WhatsApp and Google Chrome looking to integrate payment APIs into their offerings, this space is poised up for a lot of disruption, writes Sanat Rao, chief business officer and global head for Infosys Finacle.
PYMNTS
FEBRUARY 26, 2018
The European Union (EU) announced news on Monday (Feb. 26) that it’s willing to step in and regulate cryptocurrencies if the risks associated with digital tokens aren’t addressed. According to a report in Reuters , citing officials from the European Union , the wild price movements of bitcoin last year and into 2018 has resulted in huge losses for some and big gains for others.
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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.
Bobsguide
FEBRUARY 26, 2018
bobsguide spoke to Genpact, who lead digital enterprise transformation for a number of Tier One banks in the UK and globally. We spoke to Alex Bray who is asst. vice president of consumer banking at Genpact and is heavily involved in Genpact’s digital transformation services for consumer.
PYMNTS
FEBRUARY 26, 2018
It’s a big job to bring restaurant dining and ordering options to consumers who may use multiple digital channels. To keep up with the pace of innovation as competitors move toward mobile ordering, delivery and payments innovations, Restaurant Brands International (RBI), which owns Burger King and other brands, hired CFO Josh Kobza as its new czar leader in January.
Payments Source
FEBRUARY 26, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Apple Pay's set to grow in Europe; Apple Pay Cash plots international launch; MusicPlanet Live offers a payment gateway; A developers' contest for PSD2.
PYMNTS
FEBRUARY 26, 2018
KGI analyst Ming-Chi Kuo and Apple Insider are reporting that Apple could be making new wireless over-the-ear headphones following the success of its in-ear AirPods. The new devices may be sold under Apple’s own brand, even though Apple owns the Beats headphone brand, TechCrunch reported. The new headphones could appeal to consumers who can’t use the AirPods due to the shape of their ears.
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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
FEBRUARY 26, 2018
FitPay's wallet and digital payment platform, which will integrate with the tokenization platform, enables manufacturers of IoT and wearable devices to add contactless payment capabilities to their products.
PYMNTS
FEBRUARY 26, 2018
Central National Bank, located in Wichita, is trying to get back money it lost when an ATM gave a customer $100 bills instead of $5 bills. According to a report in Money , the bank filed a lawsuit in Sedgwick County District seeking for customer Christina Ochoa to give back around $11,600 plus interest. The bank contends Ochoa realized the ATM was working incorrectly and made more withdrawals to get more money mistakenly dispensed.
Payments Source
FEBRUARY 26, 2018
As financial services companies cool on gun sales, alternative currencies may step in to pick up the slack.
PYMNTS
FEBRUARY 26, 2018
In an era where customer loyalty is hard to come by, the devotion — bordering on fanaticism — of Wegmans’ fans is the stuff of legend. Year after year, the upstate New York grocery store chain is either ranked as America’s favorite or at least in the top three. The media has raved about it, consumers have flocked to it — it’s even been the subject of a musical.
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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
FEBRUARY 26, 2018
American Express claims its rules allow it to better compete against other major card networks. The complaining states view anti-card steering rules as a way to block other networks from offering lower fees, thus resulting in retailers raising prices for consumers.
PYMNTS
FEBRUARY 26, 2018
Ford is adding a voice-activated assistant to its SYNC 3 infotainment system, providing navigation guidance to drivers via their own voice commands. According to news from TechCrunch , the new voice-activated driving assistant is from Sygic and will be called “Driving Assistant.” It works with Sygic’s GPS navigation app. According to the company, the voice assistant is a “voice-controlled co-driver that helps the driver identify nearby rest stops, restaurants, hotels” and other destinations.
Payments Source
FEBRUARY 26, 2018
Banks and cardholders will be able to verify purchases, increase credit limit, add cards immediately, provide feedback to retailers, receive on-demand coupons, or upgrade card benefits.
PYMNTS
FEBRUARY 26, 2018
Gobee.bike is pulling out of Paris after thousands of its bicycles were stolen or vandalized. “Over the months of December and January, the mass destruction of our fleet has become the new entertainment of underaged individuals, encouraged by content broadly shared on social media,” the Hong Kong startup wrote in an email to its Parisian users, according to The Telegraph.
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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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