Bank Innovation
APRIL 9, 2018
EXCLUSIVE – Interested in the latest trends in payments, digital banking, blockchain technology, API, security, big data and all the other hot topics in the fintech space? Come join Bank Innovation’s Telegram Group. Bank Innovation‘s Telegram channel was created to foster discussion and collaboration among the fintech community on the latest trends, insights and events […].
Chris Skinner
APRIL 9, 2018
I’m not a financial analyst but a technologist and so, unsurprisingly, I got called out by some pedantic accountants over my simplistic assertion that Ant Financial is 35x more productive than banks like Barclays, as I was simply using their revenues per employee to make comparisons. Similarly, in previous discussions … The post Comparisons of platforms vs banks by the numbers appeared first on Chris Skinner's blog.
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Bank Innovation
APRIL 9, 2018
How are banks going to interact with their customers in the next five years? In the next ten? As the popularity of devices like Amazon’s Alexa-powered speaker grows, voice banking seems to be one of the contenders for consumer origination and interaction, as panelists at the Bank Innovation 2018 conference noted. “On the voice versus […].
Chris Skinner
APRIL 9, 2018
Things we’re reading today include … City regulator faces £30m Brexit bill Deutsche Bank ousts British CEO after two-week boardroom battle Exclusive: U.S. watchdog seeks record fine against Wells Fargo for abuses – sources Celebrities warned over risk of cryptocurrency endorsements Deutsche Bank’s UK arm braces for further cuts as … The post Things worth reading: 10th April 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
APRIL 9, 2018
E-commerce company Amazon is debating a P2P payments feature that would allow users to make payments via its Alexa virtual assistant, a move that would push Amazon into competition with providers like PayPal and Mastercard. The move, reported by the Wall Street Journal this past Friday, comes as Amazon is exploring several new projects in […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
APRIL 9, 2018
Bank of PayPal, anybody? Well, according to a report by the Wall Street Journal, the payments company has been reaching out to certain customers to add certain banking features PayPal is offering. Through the PayPal digital wallet, the payments platform is offering Federal Deposit Insurance Corp. insurance for balances, a debit card for cash withdrawals […].
PYMNTS
APRIL 9, 2018
It’s called the Paradox of Choice , or “analysis paralysis” – and anyone who has ever frozen in the face of searching Netflix for a Friday night movie has felt its icy grasp. Stated simply, it says that too much choice is bad for the average customer, who becomes so weighted down trying to figure out what they “really want” that they find it hard to choose anything at all.
Bank Innovation
APRIL 9, 2018
EXCLUSIVE – Roboadvisors are common knowledge in the financial world nowadays. But eight years ago, that wasn’t the case. Just ask Jon Stein, founder and CEO of the first roboadvisor, Betterment. A graduate from Harvard University and Columbia Business School, Stein came up with the idea of automated investing on a digital platform as a freshman […].
PYMNTS
APRIL 9, 2018
With Amazon , Kroger and other large retailers in the grocery business introducing digital technology, such as mobile self-checkout, how do smaller regional grocers compete? The answer could be in white-label technology platforms provided by companies such as GrocerKey , a software company that helps brick-and-mortar retailers adapt to the new digital world.
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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
Bank Innovation
APRIL 9, 2018
PayPal is partnering with M-Pesa, a popular mobile wallet service in countries like Kenya, allowing M-Pesa customers to make global payments to merchants on the network, the companies announced yesterday. The partnership will allow users to transact with global merchants on the PayPal network, facilitated via PayPal and additional partners Safaricom and TrnasferTo.
PYMNTS
APRIL 9, 2018
Etsy is refocusing its aspirations and energies — much to the annoyance of some of its sellers. CEO Josh Silverman said the decision is a pivot toward the areas that are showing the most growth for the handmade marketplace, particularly on its core eCommerce site. However, the news came as a jolt to merchants like jewelry maker Natalie Jacob, who told Bloomberg she became a major fan of the Etsy Wholesale service until it abruptly stopped communicating with merchants.
Bank Innovation
APRIL 9, 2018
EXCLUSIVE— As fintech progresses, consumers are flocking to digital services and products, which all rely on the same thing: data. When it comes to use of such data, however, financial institutions like credit bureaus have been using the same metrics for decades, which is why some, such as Experian, are working on initiatives using “alternative […].
PYMNTS
APRIL 9, 2018
The latest CBIZ Small Business Employment Index (SBEI) indicates an improvement in hiring activity among U.S. small businesses (SMBs). The company announced its findings on Friday (April 6), which recorded a 1.39 percent month-over-month increase in SMB hiring for March. That follows a decline of 0.2 percent in activity in February, CBIZ noted. According to CBIZ Employee Services Organization President Philip Noftsinger, the data could be a result of regulatory effects.
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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.
Bank Innovation
APRIL 9, 2018
EXCLUSIVE- Simplicity. If there’s one word that describes the abiding value of investment platform Acorns’ innovation strategy, that’s the word, according to its CEO Noah Kerner, who is currently gearing up to launch Acorns Later in the coming weeks. Based on the simplicity principle, Acorns Later is an automated IRA account, tax-advantaged retirement account that […].
PYMNTS
APRIL 9, 2018
Though you might not realize it looking at a weather forecast in various parts of the nation – as it seems the temperature might never actually break 40 degrees – spring is upon us; the season for new beginnings is here. Even if the weather refuses to play nicely, at least we can count on the payments and commerce ecosystem to snap to life with some resets and fresh starts.
Bobsguide
APRIL 9, 2018
bobsguide spoke with Bruce Berger, COO & CFO of New York based equity investment firm Atlantic Investment Management, and Chris Grandi, CEO of hedge fund solutions provider Abacus Group, to discover how their commercial partnership typifies IT infrastructure for mid-size investment firms in.
PYMNTS
APRIL 9, 2018
SWIFT ’s global payments initiative (gpi) service has a new bank on board. Reports on Friday (April 6) in WebIndia123 said ICICI Bank is the first in India to join and roll out the global payments service. The gpi tool aims to heighten speed, transparency and efficiency of cross-border payments for financial institutions and their banks. “International trade is the backbone of globalization and an imperative for India to grow,” said SWIFT Head of India and Subcontinents Kiran Shetty in a stateme
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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
APRIL 9, 2018
AI relies on catching the malware itself at a later stage, once it begins to operate in the system, and that's not enough to combat breaches and payment systems, according to Mordechai Guri, chief science officer at Morphisec.
PYMNTS
APRIL 9, 2018
U.K. challenger bank CivilisedBank announced plans to release its banking license to instead focus on developing its underlying infrastructure and technology. A press release on Friday (April 6) issued by the FinTech, which targets small and medium-sized businesses (SMBs), said it will release the license awarded last May and reapply for another one after further technological development of its solution.
Bobsguide
APRIL 9, 2018
“We are living in extraordinary times: when trade wars, unwindling of globalisation and volatility across markets has become the norm,” says Yvonne Zhang, now CEO and co-founder of tech outfit Aquifer Institute. Zhang says shifting global conditions, as well as the ever-increasing.
PYMNTS
APRIL 9, 2018
On Monday (April 9), American Express unveiled a new global brand platform and marketing campaign dubbed “Powerful Backing: Don’t Do Business / Don’t Live Life Without It.”. In a press release , the payments company said the campaign is aimed at reflecting how people live and work today and celebrates the reality that life and business are becoming increasingly interconnected.
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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.
Bobsguide
APRIL 9, 2018
A number of news stories in 2017 detailed the radical methods being employed to evade sanctions controls, for example, through the transfer of commodities from ship-to-ship in international waters to avoid a vessel entering a sanctioned territory. This trend appears to have continued into 2018, with.
PYMNTS
APRIL 9, 2018
April 24 looms large for Spotify. The digital music streaming service last week said it would share news on that date at an event to be held in New York City. The details thus far are scant, and speculation is mounting. CNET reported the company sent a “save the date” invitation to journalists on Friday with only the date and “general location” disclosed.
Payments Source
APRIL 9, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Starbucks, Samsung team on voice ordering; Spain cracks down on cryptocurrency; Walmart bolsters online order pickup; SEC freezes Longfin's crypto trades; UFO coin.
PYMNTS
APRIL 9, 2018
Due to its deal to merge with Rite Aid , Albertsons is withdrawing its plan for an initial public offering (IPO). The grocer said its IPO registration statement had not been declared effective by the U.S. Securities and Exchange Commission (SEC), MarketWatch reported. That statement had been last amended in November and, as of that time, the company had not set the terms of its IPO.
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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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