Payments Dive
OCTOBER 2, 2018
The world of mobile payments has changed significantly over the past decade – and particularly over the past few years as smartphones and other mobile devices have become ubiquitous. In this report, we will review some of the main themes and trends in the mobile payments market.
Bank Innovation
OCTOBER 2, 2018
A Florida bank known for its growing number of acquisitions, explains how robotics processing automation (RPA) has aided in their growth strategy. Seacoast Bank headquartered in central-Florida, with $5.9 billion in assets, has acquired eight banks in the last four years. Jeff Bray, Seacoast Bank's chief operating officer, told Bank Innovation that Orlando-based fintech, EnableSoft, […].
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Payments Dive
OCTOBER 2, 2018
Recent changes to how Apple deals with the NFC chip in the iPhone and Apple Watch presents a world of opportunities.
PYMNTS
OCTOBER 2, 2018
What would one say about a computer geek who said he could protect their online identity , and while doing do would make a bold move against the likes of Facebook and Google ? What would one say if that person happened to be the inventor of the World Wide Web? As consumers become more cautious — cynical? — about online privacy and data storage, Tim Berners-Lee has a plan to “decentralize the web and take back power from the forces that have profited from centralizing it,” according to a report.
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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
Bank Innovation
OCTOBER 2, 2018
P2P payments service Zelle was once not too keen on social media, but its new video message feature might indicate a change of heart. The video feature, which is being marketed on Zelle's website seems a little, well. unusual. The feature works this way: the user adds the name of the person who owes them […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
OCTOBER 2, 2018
Payments will melt into the wider commerce experience and create new incremental value for consumers, according to Brendan Miller, a principal analyst at Forrester.
PYMNTS
OCTOBER 2, 2018
Petal, the startup credit card company, announced on Tuesday (Oct. 2) that its credit card is now available via the company’s website. In a blog post , Petal said the company was established to help people build credit by providing a credit card with no fees, no “financial traps” and no prior experience with credit needed. “Tens of millions of Americans have no credit score at all, and millions more have short credit histories that may not tell the whole story.
Bobsguide
OCTOBER 2, 2018
At the recent Amazon Web Services FS Insight conference, Jonno Southam, venture capital business development manager at AWS led a panel with Jai Juneja, head of tech investment at Seekventures and Kartik Varma, co-managing director at the Barclays Accelerator. The conversation focused on how.
PYMNTS
OCTOBER 2, 2018
Apple has inked a deal with three universities in the U.S., enabling students to store their student IDs on their Apple devices. According to a report in CNBC , students at Duke University, University of Alabama and University of Oklahoma can store their student IDs on their iPhone or Apple Wallet. Apple initially announced the service in June at its annual developer conference.
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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
Payments Source
OCTOBER 2, 2018
Cryptocurrency platforms need to take precautions as the number of security incidents seems to be increasing, writes Gaurav Banga, founder and CEO of Balbix.
PYMNTS
OCTOBER 2, 2018
“I wants to make yer flesh creep,” says a character straight out of Dickens. Though Halloween is less than a month away, what we talk about concerning payments crime is positively … creepy. The data is enough to spook even the hardiest of payment professionals. In the latest Data Drivers, David Divitt, vice president of financial crime products at Vocalink , told PYMNTS’ Karen Webster that there’s some light at the end of the tunnel when it comes to battling the bad guys.
CFPB Monitor
OCTOBER 2, 2018
On September 12, the Bureau of Consumer Financial Protection (Bureau) issued a final rule that amends the procedures used by the public to obtain information from the Bureau under the Freedom of Information Act (FOIA), the Privacy Act of 1974, and in legal proceedings. A number of the rule’s amendments simply align policy with practice. For example, the rule codifies the Bureau’s practice of using the same identity verification procedures for both Privacy Act requests and first-party FOIA reque
PYMNTS
OCTOBER 2, 2018
You know the acronym. IPO. Stands for Initial Public Offering. Or maybe it could stand for “ I t’s P rofitable… O r not.”. It doesn’t seem to matter, at least on Wall Street these days. As The Wall Street Journal reported on Tuesday (Oct. 2), as far as new issues on the public markets go, it may matter not that the red ink is piling up. The stats may be a bit sobering.
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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.
CFPB Monitor
OCTOBER 2, 2018
The U.S. House of Representatives recently passed H.R. 6737 to amend the Economic Growth, Regulatory Relief, and Consumer Protection Act (the Act) to address a technical issue that prevented mortgage lenders from including certain VA refinance loans in Ginnie Mae securitizations. As we previously reported , the Act includes provisions designed to protect veterans when refinancing a VA loan.
PYMNTS
OCTOBER 2, 2018
Enterprise cybersecurity startup Tanium has raised additional funding just five months since its last investment round, according to reports on Tuesday (Oct. 2). Tanium, which provides organizations with an IT security platform, raised $200 million from Wellington Management, Baillie Gifford & Company and Adage Capital Management, pushing Tanium’s valuation up to $6.5 million.
Bobsguide
OCTOBER 2, 2018
Monzo prides itself on creating a bank that “lives on your smartphone” IT is part of it’s DNA. 2018 may infamously serve as a period of IT meltdowns in banking. More and more, the tech function at banks is not only an innovative luxury but increasingly business critical. To.
PYMNTS
OCTOBER 2, 2018
Avant is best known among its financial services peers as a FinTech firm, founded to throw automation and an artificial intelligence (AI)-enhanced underwriting process at the problem of creating accessible, affordable personal loans for consumers. Since its founding in 2012, the firm has specifically distinguished itself in a crowded field of tech-based underwriters, with its focus on the consumer group it calls the “underbanked middle class.”.
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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.
Payments Source
OCTOBER 2, 2018
Payment Alliance International (PAI) has named Neil Clark as CEO of the company’s ATM business, following the recent exit of three top executives from the Louisville-based ATM operator.
PYMNTS
OCTOBER 2, 2018
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the nice things Discover’s new CEO is saying about Amazon, along with a Kroger-Walgreens retail partnership. The EU-Google dance continues, Apple goes to college and bots are getting into virtual currencies. New Discover CEO Says Amazon Not a Foe.
Payments Source
OCTOBER 2, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Paytm battles spam; Albertson's extends low-touch pay project to gas; BBVA sets up fintech matchmaker; Bill Clinton warns on overregulating blockchain.
PYMNTS
OCTOBER 2, 2018
Lime, the scooter sharing startup, is gearing up to expand into Canada, planning to release a small fleet of e-scooters in Waterloo, Ontario. According to news reports citing Lime, the startup is teaming up with the University of Waterloo to enable the launch in Canada. “Over the past several months, we have spent time in Waterloo to understand how our Lime-S e-scooters can help this progressive city reach its smart transportation goals,” Lime’s Vice President of Strategic Development Andrew Sav
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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.
Payments Source
OCTOBER 2, 2018
China’s Golden Week started on Monday and with it, global cities and merchants are boldly promoting Alipay in an effort to capture Chinese tourist dollars. At the same time, merchants are building out a competitive acceptance network that could someday rival the major payment card networks.
PYMNTS
OCTOBER 2, 2018
It’s becoming a familiar story – or color scheme. Top line black, bottom line red. Startup gains traction. Startup gains top line. Startup notches mounting losses, because as everyone knows, you’ve got to spend money to make money. But profitability looks elusive, and becomes less a question of “when?” than “will they ever?”. Thus comes the thought of exit strategy, at least for management and for investors.
ATM Marketplace
OCTOBER 2, 2018
Will Hernandez, editor of ATM Marketplace sister publication Mobile Payments Today, offers a wide-ranging view of topics and talking points from the 2018 Bank Customer Experience Summit in Chicago.
PYMNTS
OCTOBER 2, 2018
Big initial coin offering (ICO) projects studied by Bitmex may have avoided the crash in Ethereum prices by converting their resources in the digital currency to fiat currency, reports said. Bitmex noted that the difference between the total Ethereum raised versus the amount cashed into fiat was only $11 million. Even so, the report notes that unrealized gains for Ethereum were far higher at $93 million.
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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.
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