Bank Innovation
AUGUST 31, 2018
Digital bank Finn has not given JPMorgan Chase the results it had hoped for, at least not yet, according to CB Insights. “To date, the app has had little traction. However, JPM hopes that in the future Finn will become its ‘entry-level’ customer recruiting tool,” according to the CB Insights report, which was released last […].
Payments Dive
AUGUST 31, 2018
Host Will Hernandez discusses protecting mobile apps and mobile ordering services from fraud, with Kount VP of Marketing, Don Bush. Will also chats with Judy Mottl, editor of Retail Customer Experience, about Amazon Prime Day trends.
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PYMNTS
AUGUST 31, 2018
Right now, it looks like a blood pressure cuff with wires and tiny boxes attached to it. Or, perhaps, an oversized watchband, one that was made by a child stuck inside on a rainy day. But it’s only a prototype — one invented by high school seniors in the San Francisco Bay area — that could one day change how blind consumers handle payments and commerce, along with other daily tasks.
Bobsguide
AUGUST 31, 2018
For banks and financial institutions across the world, cracking down on money laundering has never been more critical. Today global money laundering transactions comprise an estimated two to five percent of the global GDP - roughly $1 - 2 trn annually, according to PwC. The costs of.
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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
AUGUST 31, 2018
Most people’s first job was babysitting, or delivering the paper, or perhaps working at a local shop. But none of those jobs really appealed to a young Tony Sales – because they weren’t lucrative enough. Fraud, on the other hand, paid extremely well, a fact he learned at the age of 13 when he embarked on his first subscription scam. Sales would go door-to-door soliciting pledges for a charity walk, or a swim to fight cancer or a skate-a-thon, or anything else he could think of.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
AUGUST 31, 2018
In an update to its standalone product, Weebly unveiled multiple eCommerce features for its mobile app. The rollout comes as Weebly seeks to make the mobile phone a “new back office ,” according to reports. “This is what our customers were requesting,” Weebly CEO David Rusenko told a reporter. “People are taking their entrepreneurial lifestyle and having the freedom to work on things wherever they are.”.
CFPB Monitor
AUGUST 31, 2018
Weltman, Weinberg & Reis Co., L.P.A., the law firm that recently defeated the CFPB’s FDCPA lawsuit against it, has filed a motion seeking attorney’s fees of approximately $1.2 million from the CFPB. After a four-day trial, the Ohio federal district court hearing the CFPB’s lawsuit, found that the CFPB had failed to prove its FDCPA and CFPA claims by a preponderance of the evidence.
PYMNTS
AUGUST 31, 2018
The recent swirl of headlines around India have focused on eCommerce and the ways in which Amazon, Flipkart and Google might jockey for their share of consumers’ hearts and wallets. There was also news that Berkshire Hathaway has taken a stake in the company that owns Paytm , in a bid to tap into digital payments. Yet, as sanguine as the outlook might be for tapping into a population that is increasingly mobile, tech savvy and looking to spend, there are details in the economic picture that migh
Bobsguide
AUGUST 31, 2018
Amazon has been sitting pretty as the undisputed global king of ecommerce for more than two decades, and the multinational’s bold move into the payments sector has been relatively smooth. Since its quiet launch in 2014, the Amazon Pay mobile wallet has established itself as a strong and.
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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
AUGUST 31, 2018
As global smartwatch shipments grew by 37 percent year-over-year in the second quarter, Apple has maintained dominance in the category with a 41 percent market share. And, while 90 percent of smartwatches currently shipped do not have cellular capabilities, smartwatch makers are looking to add that functionality to their devices, Counterpoint Research said in a press release.
Payments Source
AUGUST 31, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Paytm extends tech for grocery stores; U.K. businesses lag in supply chain automation; Wonga collapses; India plans more cash reduction.
PYMNTS
AUGUST 31, 2018
To take on apps that don’t give users information on the use of their personal data, Apple is introducing a new requirement: At the beginning of October, apps will have to have a privacy policy – even those that are in testing, according to reports. “Starting Oct. 3, 2018, App Store Connect will require a privacy policy for all new apps and app updates in order to be submitted for distribution on the App Store or through TestFlight external testing,” a statement on Apple’s website reads.
Payments Source
AUGUST 31, 2018
An OCC charter for fintechs requires firms to meet a “financial inclusion” standard instead of conventional Community Reinvestment Act requirements. That’s a problem.
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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
AUGUST 31, 2018
A coffeehouse chain acquisition generated a bit of buzz for Coca-Cola on Friday (Aug. 31). The company said it will buy Costa, a coffee chain, for $5.1 billion. As part of the deal, Coca-Cola will take over the 4,000 Costa outlets from the U.K.’s Whitbread, and, as Reuters noted, brings Coca-Cola “into one of the few bright spots” across the packaged food and drinks landscape.
Payments Source
AUGUST 31, 2018
Diebold Nixdorf will use the funds to buy the remaining shares of its Germany subsidiaries, repay debt and undertake operational improvements.
PYMNTS
AUGUST 31, 2018
Flash back in time to 2016. Urban Outfitters was beginning to look like a lot of other physical retail brands that were getting into hot water in the digital age. Comparable sales were down, revenue was falling and the murmurs about another once-hip brand falling from grace started to make the rounds. But Urban Outfitters — and its associated family of brands: Anthropologie , Free People, Terrain and BHLDN — has been battling back, expanding its offerings and tightening up its supply chain.
Payments Source
AUGUST 31, 2018
As the pressure to monetize data in an omnichannel environment increases, so does the fear of misuse.
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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
AUGUST 31, 2018
Just a few days after Walmart announced its “ Premium Outdoor Store curated by Moosejaw ,” it found itself on the receiving end of a cease and desist letter asking to be removed from the shop. Black Diamond reportedly asked Walmart to stop using its name and trademarks “in a manner likely to confuse consumers into believing that Walmart is an authorized dealer of Black Diamond or that the new outdoor Walmart.com site is otherwise associated with or sponsored by Black Diamond.&
The Paypers
AUGUST 31, 2018
(The Paypers) IBM has launched IBM Blockchain World Wire , a near-instant cross-border payments system, in partnership with blockchain company Stellar.
PYMNTS
AUGUST 31, 2018
To attract customers in a still emerging eCommerce market, Amazon plans to start offering drinks and food in Mexico. The items are said to include sweets, snacks and beverages, Reuters reported. “We’re committed to offering our clients as many products as we can,” Amazon Mexico Senior Product Manager Fernando Ramirez said in a statement. In Mexico, eCommerce shopping makes up only a small portion of all retail sales.
The Paypers
AUGUST 31, 2018
(The Paypers) The Unique Identification Authority of India (UIDAI) has suspended electronic know-your-customer (e-KYC) facilities of 13 banks and authentication agencies.
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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
AUGUST 31, 2018
Sizzle. Square: The firm, touted by some on the sell side as “FinTech’s best idea,” had a stock boost this week. At the same time, news has emerged that Square has filed a patent to help merchants accept bitcoin and other cryptos at its POS devices — possibly even through its Cash app. Bitcoin making inroads? Maybe bit by bit. India: Buffett’s Berkshire Hathaway sinks $360 million into One97.
The Paypers
AUGUST 31, 2018
(The Paypers) A new campaign led by the Russia-based Cobalt hacking group was observed on August 13, 2018 targeting NS Bank in Russia and Carpatica/Patria in Romania.
PYMNTS
AUGUST 31, 2018
When in doubt, bet on digital. That arguably describes the recent acquisition of Seattle-based Blueprint Registry , an online universal gift registry, by David’s Bridal , the privately held wedding retail chain that traces its roots back to the first years after World War II. Terms were not disclosed, but the deal is the latest move bringing more digital commerce to the wedding industry, which is undergoing significant change in large part due to shifting consumer preferences.
The Paypers
AUGUST 31, 2018
(The Paypers) Ebury , which specialises in corporate global transaction services, has become the first fintech company to go live with Swift’s global payments innovation ( gpi ).
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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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