Chris Skinner

FEBRUARY 5, 2019

Yep, there’s a clickbaiting title if ever I saw one. But it seems to be true. Ten years ago, we had a global financial crisis. Now, ten years later, the banks are heavily regulated, their risk-capital ratios stabilised, their leverage reduced and the regulators breathing down their necks, promoting competition … The post The next global financial meltdown is just around the corner appeared first on Chris Skinner's blog.

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Regulation Capital 256

Payments Dive

FEBRUARY 5, 2019

How retailers can regain trust with customers in a time of heightened risk.

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Mobile Retail 388

Bank Innovation

FEBRUARY 5, 2019

There are startups that want to destroy banks and startups that want banks to buy their software, as Bank Innovation has previously reported. According to a recent poll conducted by Bank Innovation, the idea that fintech partnerships will be on the rise in 2019 compared to subsequent years, is gaining popularity. The poll found that 61% of 106 […].

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Innovation Fintech Software Report 186

PYMNTS

FEBRUARY 5, 2019

CoverHound, the online property and casualty insurance platform operator, announced Tuesday (Feb. 5) that it raised $58 million in venture funding. In a press release , the San Francisco startup that has sold more than 200,000 policies online said the Series D funding round was led by global insurer Hiscox and included participation from Chubb, Aflac Ventures, MS&AD of Japan.

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San Francisco Charlotte Comparison Online 181

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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

Lending

Bank Innovation

FEBRUARY 5, 2019

Today American Express and Mastercard launched new offerings geared toward business clients. Amex and digital business payments firm Bill.com announced a strategic partnership along with the rollout of Vendor Pay, an automated accounts payable product that will allow businesses to use certain Amex credit cards within a Bill.com solution. The product will also provide a more […].

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Cards Payments Operations Capital 186

Bank Innovation

FEBRUARY 5, 2019

Time is running out to apply for Bank Innovation’s DEMOvation Challenge, in which fintech startups demo before a crowd of conference attendees in hopes of earning their vote and walking away with prizes. The application deadline is Friday, February 8. Apply here. The DEMOvation sessions will be presented on Tuesday, March 12 by our sister […].

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PYMNTS

FEBRUARY 5, 2019

Walmart India President and CEO Krish Iyer expects the eCommerce market in India to explode during the next decade. According to a report in Money Control citing Iyer, the executive expects the online retailing market to see growth of six times to reach 12 percent during the next decade. As it stands, eCommerce represents only 2 percent of the market.

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Online Marketing Strategy Retail 177

Bank Innovation

FEBRUARY 5, 2019

SunTrust Banks’ fintech investment LightStream delivered $2 billion in originations in 2018, Allison Dukes, the bank's chief financial officer, said during a fourth-quarter earnings call. “LightStream originations as a percent of consumer originations excluding mortgage was about 25% in 2018,” Dukes said, noting that the fintech helps improve overall growth and returns within the bank’s […].

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Fintech Operations Online Retail 170

PYMNTS

FEBRUARY 5, 2019

Facebook is making a big push into blockchain technology with some new hires, according to reports. The company recently hired four people who were instrumental in the blockchain startup Chainspace , and has also been investing a lot of money and resources in the technology. Chainspace is a “planetary scale smart contracts platform,” according to its website, and in a note, it said that its team was “moving on to something new.”. “Chainspace code and documentation will still be

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blockchain cryptocurrency Technology Resources 166

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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

Report

Bobsguide

FEBRUARY 5, 2019

The ATM industry is experiencing a “general delay” in its attempts to upgrade from Windows 7 to Windows 10, despite the deadline being only a year away. “Unfortunately, the ATM industry [is moving] to Windows 10 with a large delay, as hardware vendors only made the Windows 10.

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ATM Security Industry 108

PYMNTS

FEBRUARY 5, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes U.A.E. -based THE LIST bringing crypto payments to its platform. Monese added support for Apple Pay for personal cards in the U.K. as well as France, Wirecard joined forces with Cimple Marketing for an Alipay implementation at Stockmann -operated department stores in The Baltics as well as Finland and Upco International Inc. plans to have UpcoPay running for European and Canadian users by this spring.

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Apple cryptocurrency Mobile Payments 129

Payments Source

FEBRUARY 5, 2019

Fintechs and payment startups are creating a range of solutions to SME financing, from crowdlending and invoice-backed factoring to digitalization and formalization of business processes, according to OmniBnk's Andrés Abumohor.

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Fintech Lending Payments 105

PYMNTS

FEBRUARY 5, 2019

Money supply in Venezuela is increasing faster than it ever has before, according to a report from Bloomberg. Currency supply in the country grew by 31 percent in the week of Jan. 25, and that amount is the fastest expansion since 1997. The increase of money could signal that the government in the country is panicking and spending more while dealing with protests, various sanctions and the problem of a large part of the world not recognizing its legitimacy.

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Florida America National Marketing 128

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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.

Lending

Bobsguide

FEBRUARY 5, 2019

New research by independent financial regulatory think-tank JWG, in partnership with Inforalgo, confirms that financial institutions are struggling to cope with their international trade reporting obligations, as regulatory requirements grow and diverge. Costs are escalating, and the risks of.

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Report 103

PYMNTS

FEBRUARY 5, 2019

For the stock market, 2018 seems so rear view mirror, among the worst years in a decade. As of this writing the tech-heavy NASDAQ Composite Index is up 11.5 percent. The broader S&P 500 Stock Index is up 8.8 percent. And suddenly, perhaps, it seems that all will march higher in the wake of reported progress amid trade wars and earnings reports from banks and others touting the resilience of consumer spending, among other trends.

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Apple Course Marketing Report 128

Payments Source

FEBRUARY 5, 2019

Unattended retail, which traditionally meant vending machines, laundromats and very small mini-stores, is benefiting from the same trends that make Amazon's cashierless stores possible. But is there room in the market for both models?

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Retail Trends Marketing Payments 94

PYMNTS

FEBRUARY 5, 2019

Neiman Marcus Group announced Tuesday (Feb. 5) the appointment of two executives to lead its customer and store strategies. In a press release , the department store operator said it named David Goubert to executive vice president of stores and retail experience, and named Ginger Mollo as senior vice president of retail experience for the West Coast.

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Customer Experience Retail Training Groups 128

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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.

US

Payments Source

FEBRUARY 5, 2019

The pushback on stores that don’t accept cash seems to be gaining momentum, with Philadelphia the latest municipality to consider a law that would ban cash-free shops.

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Philadelphia New Jersey Pennsylvania Compliance 97

PYMNTS

FEBRUARY 5, 2019

Indian banks, already struggling with roughly $150 billion in bad loans, may have to come up with 400 billion rupees (or $5.59 billion) to cover potential losses from loans that could default from now until September of 2020. According to a report in Reuters , citing Fitch Ratings, within the loans on the banks’ book, of the 13.5 trillion rupees to 14 trillion rupees, 3.5 trillion rupees aren’t recognized by the lenders.

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Lending Report 128

Payments Source

FEBRUARY 5, 2019

Making micropayments feasible and viable for businesses will open up a whole new world of online commerce that was just not possible before, writes Sushil Prabhu, CEO of OpenCrowd.

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blockchain Online Payments 75

PYMNTS

FEBRUARY 5, 2019

On Feb. 1, new eCommerce rules in India began limiting what online retailers like Amazon and Flipkart can sell in the country. Now, Reuters is reporting that Amazon’s grocery service is active again, but it’s off to a slow start. The eCommerce rules block companies from selling items through vendors in which they have an equity interest, which forced Amazon to remove hundreds of thousands of products from its website in India.

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Policies Retail Regulation Capital 123

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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.

Compliance

Payments Source

FEBRUARY 5, 2019

The U.S. car rental industry has frustrated many young adults for years with special restrictions and credit checks for customers under age 25 who try to pay with a debit card. But big data is bringing some relief.

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Data Big Data Cards Industry 74

PYMNTS

FEBRUARY 5, 2019

The team behind Zcash, a cryptocurrency that touts enhanced privacy for its users, revealed that it fixed a bug that could have been used to counterfeit unlimited coins, according to reports. A zcash cryptographer named Ariel Gabizon said he found the bug in zk-SNARKS, the cryptography the team uses to hide balances and identities. When the team discovered the bug, they quietly worked on a fix and added it to an upgrade last October.

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cryptocurrency Security Company Report 123

Payments Source

FEBRUARY 5, 2019

Peru is planning a real-time payment system with Vocalink that will put the country on par with similar systems in Thailand, Singapore, the U.S. and the U.K.

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Payments System 76

PYMNTS

FEBRUARY 5, 2019

Tidal, the music streaming service owned by Jay-Z, now accepts Venmo as a way to pay for the service, according to reports. The announcement is the latest in a number of collaborations for the PayPal-owned app, which has also made deals with Shopify, Uber and Hulu. Tidal users who join the service will be able to choose Venmo as an option when they sign up, and existing users can select the option on the Tidal website.

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Apple Data Marketing Report 122

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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.

Lending