Thu.Feb 13, 2020

Banking is what we do and technology is how we do it

Chris Skinner

A decade ago, we talked about the financial crisis, technology, regulations and compliance.

BofA integrates digital SMB tool with third-party platforms 

Bank Innovation

Tools 151

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Things worth reading: 14th February 2020

Chris Skinner

TD Bank addresses the evolution of POS

Mobile Payments Today

Mike Rittler, general manager of retail card services and personal lending at TD Bank, shares his insight on trends, transformative innovation and how the 'traditional check out' experience is on its way out

Herman Man, BlueVine chief product officer, to speak at Bank Innovation Ignite 

Bank Innovation

Herman Man, chief product officer at the small business lending company BlueVine, will speak on a panel at Bank Innovation Ignite on March 2-3, in Seattle.?

Wells Fargo Invests $5M In Blockchain Analysis Startup Elliptic

PYMNTS

Wells Fargo Strategic Capital (WFSC) is backing the London-based blockchain analysis firm Elliptic with a $5 million investment, bringing the startup’s Series B round to $28 million, Elliptic announced in a press release on Thursday (Feb. 13). .

More Trending

The Benefits of Leveraging a CRM to Be More Community-Focused

Abrigo

Key Takeaways To better serve their community, as well as stay competitive in this fast-moving environment, savvy CFIs are carefully blending digital innovations with their hallmark relationship banking practices.

Klarna creates global ‘Consumer Council’

Bank Innovation

Point-of-sale lender Klarna, which has a banking license in Europe and partners with banks in other markets, is creating a new mechanism to acquire feedback as it evolves its products. The “Consumer Council” will take the form of in-person meetups three times a year in each market.

Nonprofits Bemoan Data Lock Behind Facebook’s Donate Button

PYMNTS

Many nonprofits are leery of using Facebook’s “donate” button, saying it doesn’t help them in their fundraising efforts, mainly because Facebook keeps a tight lock on the data of people donating, sharing only a name and amount, according to a report by Bloomberg.

Fintech firm Numerated expands small-business offerings for banks

American Banker

The startup spawned in Eastern Bank's innovation lab says its bank customers asked for client-friendly software for account opening, credit cards and more types of commercial lending. Fintech Eastern Bank Small business lending Marketplace lending

PBOC Patents Show China’s Push For Digital Money

PYMNTS

The Peoples’ Bank of China has filed over 80 patents in its attempts to start its own digital currency, an extensive and elaborate plan to take the renmibi to the digital stage, according to published reports Wednesday (Feb.12).

DC 172

Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years.

Apple Enables Augmented Reality Sales For Merchants

PYMNTS

Apple is updating its augmented reality (AR) Quick Look feature to enable merchants to sell its products in-app for an instant AR experience, according to reports on Thursday (Feb.

Apple 170

The big squeeze: Banks pushed to hike pay at inopportune time

American Banker

The tight labor market and public pressure to raise minimum wages are expected to nudge noninterest expenses upward in a year when the watchword is cost control. Bank of America Minimum wage Expense management Fifth Third Revenue and expenses Community banking Regional banks GSIBs Recruiting

The Cash Flow Impact Of Connecting AR With AP

PYMNTS

Meeting the needs of both buyers and suppliers is becoming increasingly easy thanks to technology sitting in between accounts receivable (AR) and accounts payable (AP) departments.

L.A. bank, big investor clash over approaches to serving underbanked

American Banker

Broadway Financial prefers a small balance sheet and loans to real estate investors that offer affordable housing. Capital Corps and its founder, Steven Sugarman, want the bank to expand by making more loans directly to low- and moderate-income borrowers.

Farming’s AI, Data Driven (And Vertical) Tech Revolution

PYMNTS

Farming has been around for thousands of years – tens of thousands of years, perhaps, according to some estimates. And it is a labor-intensive, resource-intensive and time-consuming endeavor.

Data 170

Citizens to buy restaurant advisory shop in bid to boost fee income

American Banker

The deal for Trinity Capital in Los Angeles would further strengthen the company's capital markets capabilities. California Restaurant industry M&A Citizens Financial Commercial banking Fee income

Joint Venture Delivers Payments To Singapore

PYMNTS

British bank Standard Chartered and payments firm Assembly Payments have established a joint venture in Singapore to bring payment solutions to its $29 trillion global eCommerce market, the companies announced on Tuesday (Feb. Payments is a critical pillar of banking services.

Trump nominee for Fed seat gets cold shoulder from senators

American Banker

Both Democrats and Republicans aired concerns about controversial statements made by Judy Shelton on monetary policy, deposit insurance and other issues, raising doubts about her confirmation. Senate Banking Committee Monetary policy Federal Reserve Pat Toomey Deposit insurance Policymaking

Rising Credit Card Use In UK Could Mean The End For ‘Petty Cash’

PYMNTS

The increasing number of businesses using cards over cash could prompt some companies in the U.K. to stop using cash altogether after hundreds of years with that as the primary mode of payment.

Cards 163

Nine William Mills Agency Clients Represented in the 2020 Best Places to Work in Financial Technology List

William Mills

William Mills Agency is thrilled to see so many of our clients represented in Arizent (formerly SourceMedia) and Best Companies Group’s annual 2020 Best Places to Work in Financial Technology list.

US Charges China’s Huawei With Trying To Steal Trade Secrets

PYMNTS

Chinese telecom firm Huawei was charged with racketeering and conspiracy to steal trade secrets on Thursday (Feb. 13), along with two of its U.S. subsidiaries, according to The Wall Street Journal.

US 163

Senators alarmed by study linking loan rates to college choice

American Banker

Elizabeth Warren, Sherrod Brown and three other Democrats asked nonbank lenders to ensure they comply with fair lending laws following a report suggesting they charge higher rates to those who have attended historically black or predominantly Hispanic colleges.

Study 72

Santander Hires Former Apple Exec To Lead P2P Payments

PYMNTS

Banco Santander announced that it has hired Trish Burgess, formerly of Apple, to head up its peer-to-peer (P2P) payments department, according to a release.

Apple 163

Drama Lama in ‘Credit Score – The New Matchmaker’

BankBazaar

Did you know that a good Credit Score can help you find the right life partner? Well, Drama Lama didn’t too. But it’s true. Have you checked your Credit Score lately? Well, it takes just three minutes and it’s FREE! Click the link below to get started. Check Your Credit Score.

Today In Payments: PBOC Patents Show China’s Push For Digital Money; Fiserv Intros Scan To Pay For Diners With Apple Pay

PYMNTS

In today’s top payments news, the People’s Bank of China has filed more than 80 patents as it attempts to adopt a digital currency, and Fiserv introduced Scan to Pay, a new way for diners to pay their checks with Apple Pay.

Apple 163

How BP’s mobile payment app trades discounts for data

Payments Source

Mobile apps enabling consumers to buy gasoline without stepping out of the car are a fast-growing category, but fuel marketers’ associated rewards programs have taken a bit longer to catch up. PayPal Mobile payments ExxonMobil BP Merchant

Real Estate Co First American To Acquire Docutech

PYMNTS

Real estate transaction company First American Financial Corporation has announced that it is acquiring eDocument company Docutech, according to a press release. The acquisition of Docutech reflects our steadfast commitment to invest in and grow our core business,” said First American CEO Dennis J.

Cash recycling, interactive teller machines are the future of banking

ATM Marketplace

Cash recycling and interactive teller machines are allowing banks and credit unions to create significant efficiencies at the branch level, with reduced staffing costs, increased productivity and reduced cash exposure, according to experts speaking at a panel on branch transformation at ATMIA's annual U.S. conference in Houston.