Chris Skinner
OCTOBER 29, 2018
You’re probably familiar with an app. Maybe you even have some on this thing called a smartphone. I apologise for the few financial guys I know who are still using blackberries, as what follows may blow your mind. Ok, I know that was patronising but there are actually still a … The post Apps, DApps and Super-Apps appeared first on Chris Skinner's blog.
PYMNTS
OCTOBER 29, 2018
Halloween , the annual celebration of the spooky and supernatural, is just a couple of days away. For many in payments and the vast ecosystem that it powers, the scariest thing about Oct. 31 might not be the sight of a kid in a full-on Frankenstein costume at the door on Halloween night asking for candy. The day after Halloween marks the 60-day sprint to the end of the year – a year in which the pace of innovation has accelerated materially.
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Chris Skinner
OCTOBER 29, 2018
Things we’re reading today include: Deutsche Bank in need of ‘radical surgery’ as profits plunge China takes another big step to open its financial markets` HSBC profits soar as bank keeps a ‘strong grip’ on costs and flourishes in Asia Girl offers piggybank to masked gunmen to try and make … The post Things worth reading: 30th October 2018 appeared first on Chris Skinner's blog.
PYMNTS
OCTOBER 29, 2018
As a result of the passage and adoption of open banking regulations, like PSD2 in Europe, banks and other financial firms are sharing data more freely than ever before. The greater availability of data gives financial institutions (FIs) and FinTech firms alike insight into customers’ behaviors, habits and preferences, allowing them to develop more effective tools, products and features.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Bank Innovation
OCTOBER 29, 2018
The public’s trust is at a premium for major banks after the global financial crisis a decade ago and the high-profile banking scandals that have since unfolded. Questions about how to restore that trust abound, including whether leadership at some companies even have an interest in looking inward. But it’s more than likely the key […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
OCTOBER 29, 2018
Earnings season is almost over, and in the last two weeks most of the big banks and many other FIs had their quarterly earnings calls. During these calls, most of these FIs talked about technology and innovation in some form or another. While some like Capital One, whose's CEO Richard Fairbank remained vague about what's […].
PYMNTS
OCTOBER 29, 2018
Accounts payable (AP) automation certainly has the potential to transform the invoice-to-pay process by allowing employees to turn their attention from monotonous, manual tasks to more value-added ones. The key in AP automation is to have technology that is able to handle a range of scenarios: for instance, being able to automatically process invoices, regardless of whether they come in as a paper document, PDF or true eInvoice.
Bobsguide
OCTOBER 29, 2018
Bank leaders know that banking next year will look different than banking today. But banking seven years in the future is a downright alarming thought. Still, while it’s tough to maintain a strategic outlook when rapid changes are happening right now, it’s important to remain forward.
PYMNTS
OCTOBER 29, 2018
Cooperation, competition, new banking entrants … and for banks, top-line risk. For banks, the landscape is getting crowded. A report earlier this month from Accenture has estimated that the range of financial sector upstarts — from challenger banks to FinTech firms, to new tech firms coming into financial services — will disrupt top-line growth for entrenched financial institutions (FIs).
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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
Payments Source
OCTOBER 29, 2018
Accounts payables automation is a tough sell for companies that don't want to abandon a process they have clung to for decades. But this old process is a big target for fraudsters — and growing.
PYMNTS
OCTOBER 29, 2018
When it comes to two-day shipping, Amazon is king: The eCommerce retailer’s Prime service offers free two-day shipping on eligible orders to its more than 100 million members. And the company says it is ready to take on the holidays, with more than 100 million Prime items eligible for free two-day shipping – and a logistics network ready to play Santa.
Payments Source
OCTOBER 29, 2018
There are scenarios that complicate the B2B pricing process, before the customer even requests a quote. These issues vary across industries, growing even more complex once you bring subscription-based software solutions buyers into the picture, according to Mark Bartlett, chief experience officer of FPX.
PYMNTS
OCTOBER 29, 2018
There may come a day, a generation or two from now, when stories about the data breaches and other hacking threats faced by payments and commerce operators in 2018 seem quaint — or, at the least, like relatively primitive foreshadowing of a new type of digital criminality. It’s no big news that microchip implants are part of the future of humanity. It’s already happening, of course, albeit tentatively.
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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
Bobsguide
OCTOBER 29, 2018
“I’m not worried about the recent blips,” said an investment banker who asked not to be named, on the sidelines of last week’s Money20/20, in Las Vegas, when asked about the recent market tremors that have hit some of the larger US tech firms. “I ignore these stutters.
PYMNTS
OCTOBER 29, 2018
Shopify announced late last week that it is adding Venmo as a checkout option for its Shopify Merchants that use PayPal checkout. In a blog post , the company said that in order to expand its business and reach more consumers, it is always looking at popular checkout options that are resonating with buyers. “By accepting Venmo directly in your online store, users can complete their purchase in just a few clicks.
Payments Source
OCTOBER 29, 2018
It is important that all parties involved in construction projects not only be aware of these regulation updates and how they will impact their projects, but also what they can do to prepare for when the legislation inevitably reaches them, writes Matt Johner, president and co-founder of BankLabs.
PYMNTS
OCTOBER 29, 2018
Capital One Financial and Discover Financial Services, two of the largest credit card issuers in the country, are tightening lending standards, which is reportedly an unusual move in an economy that is booming. According to a report in The Wall Street Journal , both Capital One and Discover said last week that they are becoming more cautious in how they deal with credit limits, and while there are no indications that consumers’ ability to pay back their debt is worsening, they are preparin
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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
OCTOBER 29, 2018
Traders value information above all else. The difference between success and failure every day can depend on what they see on their screens, and how they sift through the right information at the right time to make the right trade in fast-paced financial markets. Relying only on traditional sources.
PYMNTS
OCTOBER 29, 2018
Before Peter Peng created the voice-ordering Jetson app, he looked to a voice assistant to help him with a simple request: he was brushing his teeth, and he realized that he needed toothpaste. Peng asked his voice assistant to help find a toothpaste that would meet his needs, and he was disappointed by its response. The voice assistant only gave a simple recommendation for a toothpaste, but it didn’t ask him the features he wanted such as whitening or cavity protection.
Bobsguide
OCTOBER 29, 2018
Global financial institutions are experimenting with an essential new c-level position—the chief control officer—to ensure that organisational lines of defence are effective in fostering internal compliance, accountability, and transparency. But without the right data, they may still be.
PYMNTS
OCTOBER 29, 2018
Getting paid for miles logged: It’s something that has been around for decades, as long as wheels have met pavement in pursuit of profit — namely, when corporate road warriors are out in the field on official business. In Illinois, and a handful of other states, changes in how employees are reimbursed for business-related expenses herald changes on a broader scale, and in how firms use technology to make sure that expenses are being recorded accurately.
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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.
Payments Source
OCTOBER 29, 2018
A Sam's Club warehouse in Dallas will test a wide range of mobile technology including — artificial intelligence, augmented reality, voice and cashierless checkout — to stay competitive against Amazon Go's high-tech spin on retail.
PYMNTS
OCTOBER 29, 2018
U.K. policymakers, or Members of Parliament (MPs), are slamming financial institutions (FIs) for their treatment of small business (SMB) borrowers, and are calling on the government to overhaul business lending regulations as a result. Reports in Reuters late last week said the U.K. Treasury Select Committee criticized big banks’ treatment of small businesses as “ scandalous ” following government investigations — and discovery of — SMB mistreatment at some of the nation’
Payments Source
OCTOBER 29, 2018
If bitcoin were to become a true global transactional currency, the electricity needed to mine it alone would generate enough carbon dioxide to push the planet beyond 2 degrees Celsius of warming within a quarter-century.
PYMNTS
OCTOBER 29, 2018
It might not have been a great week in the stock market for tech or retail firms, but by the numbers, there’s also been an awful lot of demonstrated growing consumer affection for all things digital when it comes to commerce. Amazon saw strong gains and sales results in Q3, even if Q4 predictions failed to inspire. Subscription boxes are increasingly a global phenomenon, and Grubhub ’s solid quarter indicates that dining digitally is an increasingly favored way to answer the eternal question abo
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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.
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