Payments Dive

JUNE 26, 2018

With account-based fraud on the rise, the move from standard to real-time transactions is causing significant security challenges for central banks and clearing houses.

Security 308

Security Fraud Payments 308

Chris Skinner

JUNE 26, 2018

I keep asking dumb questions like: if the tech giants give away payments, lending and credit for free, how will banks make money? As I’ve regularly blogged, the tech giants don’t want to get into banking per se, but they do want to encourage more traction through their platform by … The post What does the future bank look like? appeared first on Chris Skinner's blog.

Lending 280

Lending Payments Digital Banking Innovation 280

Bank Innovation

JUNE 26, 2018

“Customers are disillusioned with traditional banks, but they still have one key advantage over fintechs,” says Paul Thomas, Managing Director of Provenir, “and that’s customer loyalty.” As an industry veteran Thomas has seen digital disruption affect all parts of the financial services industry, from the market launch of low-cost overseas payments to the development of […].

Industry 220

Industry Fintech Management Marketing 220

Chris Skinner

JUNE 26, 2018

Things we’re reading today include … Everything You Need To Know About What Amazon Is Doing In Financial Services The Biggest Digital Heist in History Isn’t Over Yet Bank of England’s inaccurate forward guidance risks credibility, says outgoing policymaker MPs seek report into HBOS Reading probe by Lloyds Bank of … The post Things worth reading: 27th June 2018 appeared first on Chris Skinner's blog.

Report 185

Report 185

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.

US

Bank Innovation

JUNE 26, 2018

The global professional services company PwC announced via email it will shutter its DeNovo platform, which delivered insights and analysis on fintech startups, at the end of June. The email reads, in part: At the end of June we will retire DeNovo in its current form. Going forward, we are shifting our resources to specific […].

Fintech 220

Fintech Analysis Resources Company 220

Bank Innovation

JUNE 26, 2018

PREMIUM - BBVA Compass, the U.S. arm of the Spanish bank BBVA, has no designated innovation head. Instead, all innovation initiatives fall under the bank's head of business development, José "Pepe" Olalla. BBVA has more than 15 million mobile active users. Olalla, who has been with BBVA since 1992, served as BBVA's Chief Information Officer […].

Innovation 170

Innovation Mobile Operations Online 170

PYMNTS

JUNE 26, 2018

Ping Identity , an identity Defined Security company, announced news on Tuesday (June 26) of the acquisition of API cybersecurity provider Elastic Beam and the launch of PingIntelligence for APIs. In a press release , Ping Identity said the new artificial intelligence (AI)-powered tool brings an increased level of intelligence to how APIs are accessed and used, such as the ability to identify and block cyberattacks that target APIs to hurt data and systems.

Policies 139

Policies Security Leadership Tools 139

Bank Innovation

JUNE 26, 2018

Want to know more about the different types of authentication? When is it appropriate to use hard tokens v. soft tokens, or is a combination more suitable? To learn more about this, tune in today to the webinar on soft token authentication from OneSpan, formerly Vasco, hosted by Bank Innovation at 2 PM ET. In […].

Innovation 170

Innovation Security Data 170

PYMNTS

JUNE 26, 2018

Chase Pay is teaming up with Tock with customized culinary experiences in mind. The companies said on Tuesday (June 26) that through the initiative, Chase Pay will integrate with Tock’s restaurant booking system and will offer Chase cardholders access to everything from “chef’s tables to winery tours” and curated menus. Tock’s features span a reservation engine, table management and other organization features for restaurants.

Cards 132

Cards Course Operations Management 132

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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

Bobsguide

JUNE 26, 2018

The future of finance sits at a precarious juncture. Over the past few years, banks, trading houses and financial services providers – small and large – have become completely reliant on financial technology. The result has been more competitive, safer, and most transparent markets.

Fintech 146

Fintech Financial Technology Technology Marketing 146

PYMNTS

JUNE 26, 2018

Not exotic. Just another step on the path to make instant disbursements a standard way to pay at a time when the demand has never been greater. That’s how First Data ’s GM of Global Debit Solutions, Nandan Sheth , characterized the announcement last week that First Data and Mastercard had partnered so Mastercard business customers who use Mastercard Send could push real-time payments to debit cardholders using First Data’s Disburse-to-Debit solution.

Data 130

Data Taxes Payments System 130

Bobsguide

JUNE 26, 2018

Despite regular news about closures, the death of the bank branch is rather exaggerated. Even with cuts, major high street banks expect to retain nationwide branch networks, and many are investing in new branches. Challengers like Metro Bank are even opening more branches. Branches have been.

Metro 117

Metro 117

PYMNTS

JUNE 26, 2018

Cybersecurity was once seen as purely a matter of technology, but more and more, security experts are bundling issues such as personal privacy, politics, business, ethics and risk into the package. A recent report by Black Hat on the current state of cybersecurity shows how the concerns, attitudes and plans of top security pros are adapting to keep pace with evolving threats.

cryptocurrency 125

cryptocurrency Data Security Survey 125

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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

Payments Source

JUNE 26, 2018

When it comes to the pizza industry, online and mobile ordering has generally been the province of chains like Domino’s, Pizza Hut and California Pizza Kitchen. But smaller shops are looking to get a slice of this market.

Mobile 97

Mobile Marketing California Payments 97

PYMNTS

JUNE 26, 2018

Payroll and human capital management (HCM) firm ADP is networking with its partners to enhance the industry with artificial intelligence (AI) and machine learning. The company said in a press release on Monday (June 25) that it held its second annual Datathon at ADP event, which included more than 40 of its partners and innovators to collaborate on how to leverage AI and machine learning.

User Experience 123

User Experience Tools Analytics Innovation 123

Payments Source

JUNE 26, 2018

HSBC is the first bank in the U.S. to deploy SoftBank's lifelike Pepper robot in a branch to help customers learn about bill pay, remote check capture and even ask the weather — but in Pepper's current iteration, it won't take deposits or payments.

Security 81

Security Payments Cyber Security 81

PYMNTS

JUNE 26, 2018

Even in the digital payments world (and as more people travel more often, sometimes working freelance gigs along their journeys), the concept of home remains strong. That is providing opportunity to firms that facilitate temporary work and its wages. Peter Shore, general manager of payments services firm Transpay , and Guillermo Bracciaforte, co-founder of online freelance marketplace Workana , recently spoke with PYMNTS about the payment preferences of gig workers and making gig economy payment

Payments 123

Payments United States social media Course 123

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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

FICO

JUNE 26, 2018

5 Best Practices for Connecting Data and Analytics to Business Process. The need for competitive advantage sees companies increasingly turning to analytics to operationalize their data. Leveraging analytics from insight to artificial intelligence (AI), business leaders can make sense of their rapidly-growing piles of data to improve operations. Benjamin Baer shares 5 best practices for using advanced analytics to create a measurable business impact.

Analytics 85

Analytics Video Data Operations 85

PYMNTS

JUNE 26, 2018

Australia’s crackdown of the banking sector continues, this time with regulators’ latest probe into financial institutions’ (FIs) lending practices with small farmers. The inquiry begins this week, according to Reuters reports on Monday (June 25), and was announced the same day Commonwealth Bank of Australia (CBA) said it would spin off its wealth management and mortgage brokerage operations in a massive de-merger, Bloomberg said.

Regulation 123

Regulation Lending Groups Industry 123

Payments Source

JUNE 26, 2018

Unlike non-data-driven processes (paper), bidirectional visibility allows for more agility and speed with the digital platforms and technology that support transactions, writes Matt Clark, president and COO of Corcentric.

Data 69

Data Fintech Technology System 69

PYMNTS

JUNE 26, 2018

Pets do more than welcome us home, keep us company and, on occasion, try to snack on squirrels. They may become reliable revenue for insurance providers. Make no mistake: Dogs, cats and other domesticated animals already serve as a healthy source of sales for retailers. Amazon , for instance, sold $1.4 billion worth of pet food in 2017, up 38 percent from the previous year.

Millennials 117

Millennials Policies Industry New York 117

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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

Payments Source

JUNE 26, 2018

Merchants don’t stick to the binary simplicity of online and offline anymore. They are reaching their consumers through a wide array of channels including mobile, kiosks, chatbots and call centers, writes TJ Sharkey, senior vice president of financial institutions, acquiring and processing at Mastercard.

Mobile 68

Mobile Online Retail Payments 68

PYMNTS

JUNE 26, 2018

When the Great Recession kicked off a decade ago, for a brief but memorable time, it seemed as though credit in the United States was never going to recover. And not just one branch of underwriting — for a short while there, it seemed like all of it had hit Game Over status — with consumers; SMB and even enterprise-level lending slowed to a near stop.

Millennials 116

Millennials Lending United States Comparison 116

Payments Source

JUNE 26, 2018

The information you need to start your day, from PaymentsSource and around the Web. Today: A global blockchain remittance market is underway at Alipay; Former GoDaddy execs launch DLT payments firm; Fraud has a wide reach in Europe; Quebec utility sets aside space for cryptocurrency mining.

cryptocurrency 63

cryptocurrency blockchain Fraud Marketing 63

PYMNTS

JUNE 26, 2018

Faster payments are smarter payments. Safer payments are smarter payments, too. However, though speed matters, so does safety. In a world where faster payments are becoming more mainstream, including 12 countries with established Real-Time Payments systems and 45 others in various stages of development, it’s no wonder that security remains top of mind for stakeholders.

Fraud 116

Fraud Survey Security Trends 116

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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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