Chris Skinner
DECEMBER 11, 2019
An interesting lunch discussion about data the other day. It started when someone had picked up on my blog about Ana Botin, where she made the comment: “Why should data be regulated in a different way if you’re called a bank and if you’re called something else … more than two … The post Traditional banks are suffocating … they just don’t know it yet appeared first on Chris Skinner's blog.
Bank Innovation
DECEMBER 11, 2019
Small business lender OnDeck is making a pitch to Main Street. The company, which has been outspoken about its pursuit of a bank charter, is trying to move beyond loans and become a digital bank for small businesses. CEO Noah Breslow called the target customers “mom and pop, main street small businesses” with less than […].
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Chris Skinner
DECEMBER 11, 2019
Things we’re reading today include … This Is What Racism Sounds Like in the Banking Industry Bank of America CEO Brian Moynihan says confident consumers are spending 5.5% more this year Bank of China Issues Bonds via Blockchain Credit Suisse: lowering the bar Banks avoid Hong Kong unrest in research … The post Things worth reading: 12th December 2019 appeared first on Chris Skinner's blog.
Bank Innovation
DECEMBER 11, 2019
JPMorgan Chase has entered into a data-sharing agreement with aggregator Envestnet Yodlee in an effort to enhance customer control over their account information. Paul LaRusso, managing director of digital platforms at JPMorgan Chase, explained that the agreement, which was confirmed this month, gives customers control of information third-party apps use through API-based connections.
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
PYMNTS
DECEMBER 11, 2019
The interchange fees associated with commercial card acceptance are the latest target of commercial card optimization company Revolution Payments, which announced a new service designed to further reduce that burden on business-to-business (B2B) suppliers. In a press release Wednesday (Dec. 11), Revolution Payments announced its interchange optimization service to help B2B companies reduce interchange fees by optimizing Level 3 data processing.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
DECEMBER 11, 2019
When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. That doesn’t mean it’s been easy. So-called peer-to-peer (P2P) lending has certainly faced challenges in certain markets. But in a new PYMNTS interview on Tuesday (Dec. 10), Craig Moore, CEO of business financing platform Beehive , not only made the case for more P2P lending in th
Payments Source
DECEMBER 11, 2019
The new decade will see Generation Z become adults, and they will expect more services and activities to be facilitated by their device of choice, says Zoomd's Omri Argaman.
PYMNTS
DECEMBER 11, 2019
Since the rise of M-Pesa in 2007, mobile money wallets have become prevalent across Africa. And while that addition to the market has made many things possible for consumers in formerly cash-locked economies, there has been a persistent problem of limitations for users once they want to transact outside their home environment. Because their mobile money wallets lack a virtual or physical network credential associated with them, in general they can not work with international use cases.
Payments Source
DECEMBER 11, 2019
WeWork has gotten its share of bad news this year, but parts of its concept are filtering into small business retail, providing one clue of what the next wave of shopping and payments will look like.
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
PYMNTS
DECEMBER 11, 2019
Beijing Daxing International Airport has been incorporating facial recognition software more and more, and it’s being used to do everything from identifying passengers to purchasing items from the duty free store, according to a report by Bloomberg. China has been upping the ante on places that use the technology, including train stations, customs and of course, the airport.
Jack Henry
DECEMBER 11, 2019
Most everyone would agree that technology has vastly changed the way we live our daily lives. With more than 203 million daily active users, Snapchat has taken over the way we communicate. 1 When meeting someone new, the majority of Millennials and Gen Zers ask for a person’s Snapchat rather than a phone number. Gen Z uses TikTok – which was the most downloaded app worldwide for the month of September (2019) – to view the latest music, fashion trends, and how-to videos. 2 Amazon has changed our
PYMNTS
DECEMBER 11, 2019
Mastercard is launching a new digital resource that has the potential to instantly authenticate someone’s identity in a secure manner, the company said in a press release on Wednesday (Dec. 11). The pilot will roll out in Australia with Australia Post and Deakin University. Ajay Bhalla, president of cyber and intelligence for Mastercard, said everyday digital transactions and interactions have triggered the need for a new model for identity verification and privacy. .
Payments Source
DECEMBER 11, 2019
Mastercard makes a 'green' deal; Apple Pay reaches more banks in Germany; and other information you need to start your day, from PaymentsSource and around the web.
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.
PYMNTS
DECEMBER 11, 2019
Cannabis logistics startup WAYV has launched a payment solution for the cannabis supply chain, according to a report. The goal of the initiative is to reduce reliance on actual cash and to provide legitimate cannabis companies with a line of credit to simplify the selling process, from growing all the way to distribution. The company has worked to legitimize itself by remaining compliant with California’s strict cannabis laws, a move that will let companies in the industry worry less about capit
BankBazaar
DECEMBER 11, 2019
Have you struggled with a poor Credit Score in 2019? Here’s your chance to boost your Credit Score in 2020! Maintaining a good Credit Score requires financial discipline. Poor repayment habits such as missing payment deadlines and not paying in full can cost you dearly in the long run. On the other hand, a 750+ Credit Score can open doors to jobs and even the apartment that you have been eyeing for some time now!
PYMNTS
DECEMBER 11, 2019
For years, any attention given to solving B2B payments friction was typically focused on the payer. Yet, as innovators have chip away at friction points, they have recognized the value of incorporating a supplier’s accounts receivable (AR) experience into their solutions. That’s because AR and accounts payable (AP) processes are intrinsically connected.
Payments Source
DECEMBER 11, 2019
If your current program incurs a high number of false declines; blocks orders from specific countries or entire regions based on fraud; or blocks deliveries to specific countries or regions for fear of fraud, then that fraud prevention strategy is hindering your sales and growth. says ClearSale's Rafael Lourenco.
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.
PYMNTS
DECEMBER 11, 2019
It took 70 years for a majority of U.S. adults to possess a credit card , so the warp-speed adoption of mobile card apps has been a comparative blur. In surveying mobile card app usage for the December 2019 Bridging the Gap: Mobile Card App Adoption Report , PYMNTS found a vibrant, growing payments ecosystem. Among the revelations: 1 percent of consumers use mobile card apps to better manage their accounts. 2 percent of app users cite fingerprint login as the most important in-app feature.
Bobsguide
DECEMBER 11, 2019
The UK's Financial Conduct Authority (FCA) is unsure as to whether international firms conducting cryptoasset activity in the UK will be subject to the country's new anti-money laundering (AML) regulation. National regulators have until January 10 next year to incorporate.
PYMNTS
DECEMBER 11, 2019
Consumers are beginning to express more preferences regarding their buying and selling experiences on online marketplaces, which are seeing an increased amount of competition in the market as they attempt to hold onto their customer bases. This competition can grow especially fierce as the demographics of online shopping continue to shift: Generation Z is influencing the eCommerce world quickly, and will represent approximately 40 percent of such shoppers by 2020.
Payments Source
DECEMBER 11, 2019
Going contactless has been a bigger challenge in New York because of the size and complexity of its transit systems.
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.
PYMNTS
DECEMBER 11, 2019
Get ready for the contactless card surge. This holiday season may remind you of the “hurry up and wait” component of brick-and-mortar commerce. Standing in line, juggling packages and wallets, counting cash at the register to make exact change. The folks ahead of you, fiddling with cards and inserting them at the terminal, perhaps forgetting PINs — the delays can add up.
ABA Community Banking
DECEMBER 11, 2019
After her bank's CEO unexpectedly died a quarter century ago, Annette Russell was suddenly thrust into the top job at Security Federal Savings Bank in Logansport, Indiana. But if Russell has anything to do with it, the next transition won't be so abrupt. The post Podcast: Consciously Cultivating an Internal Talent Pipeline appeared first on ABA Banking Journal.
PYMNTS
DECEMBER 11, 2019
The New York State Department of Financial Services (DFS) is proposing revised rules for the listing of new virtual currencies and will review the state’s BitLicense , the regulator announced in a press release on Wednesday (Dec. 11). DFS Superintendent of Financial Services Linda A. Lacewell said the new rules are the first steps in the revision of New York’s BitLicense to better meet the numerous changes in the industry since 2015.
Payments Source
DECEMBER 11, 2019
Payments and banking software provider ACI Worldwide says it has added improved communications and security tools to its ACI Speedpay bill payment service that businesses can offer to customers.
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.
Expert insights. Personalized for you.
326 
Let's personalize your content