Chris Skinner
APRIL 25, 2018
Banks are trusted guardians of our money. As long as our money is safe, then we trust them. It’s when our money is breached or lost that banks misbehave, which is why the 2008 financial crisis was so concerning. The run on Northern Rock and Bear Stearns were terrible moments … The post What is the worst thing a bank can do? appeared first on Chris Skinner's blog.
Bank Innovation
APRIL 25, 2018
One of the U.K.’s largest banks, Barclays plc, has partnered with American payments company PayPal to provide Barclays customers the ability to use their Barclays products in PayPal’s digital wallet to make online payments. The partnership will also allow U.S. consumers to redeem Barclays reward points at merchants accepting PayPal. Another important aspect of this […].
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PYMNTS
APRIL 25, 2018
Authorities shuttered one of the largest cyberattack organizations in the world yesterday, making arrests in four countries and seizing assets and infrastructure in three others, the Associated Press reported. Europol, a joint European police agency, said it shut down webstresser.org, calling it the largest source of distributed-denial-of-service (DDoS) attacks.
Bank Innovation
APRIL 25, 2018
For all the negative press and warnings from various regulatory authorities, initial coin offerings (ICOs) are still a meaningful way for many companies to raise capital. According to a recent report by Fabric Ventures called “The State of the Token Market,” released last week, a total of $5.6 billion was raised by decentralized projects (or […].
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
APRIL 25, 2018
Apple remains the largest company in the world, but the battle is on for No. 2, as Microsoft has rallied to be neck and neck with Amazon in terms of market capitalization. The two Washington state-based companies are within one percentage point of each other, with a market cap of about $723 billion, thanks to a week-long rally in Microsoft shares coupled with a slump in Amazon shares, reported 24/7 Wall St.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
APRIL 25, 2018
Quick Serve Restaurants have mastered making food and drinks, but they are nowhere close to mastering how customers want to be served these days. The latest Restaurant Readiness Index survey shows QSRs should be focusing on digital services to boost the customer experience — and with it, sales. The latest Index, covering the first quarter of 2018, examined what the best innovators are doing and found it’s not enough to be just diving into digital — though that’s a start, given the ge
Bank Innovation
APRIL 25, 2018
EXCLUSIVE— Millennial and Gen Z-focused credit card provider Deserve has raised $50 million from the Keystone National Group, funding earmarked for the startup’s expansion of account receivables, the company announced today. “It’s strictly a debt facility, it has nothing to do with new product launches, but it does allow us to scale,” Kalpesh Kapadia, CEO […].
PYMNTS
APRIL 25, 2018
BigCommerce , the eCommerce platform for retailing brands, announced news on Wednesday (April 25) that it has closed a $64 million round of funding. In a press release , the company said the fundraising round was led by Goldman Sachs and included participation from current investors General Catalyst, GGV Capital and Tenaya Capital. With the new funding, BigCommerce said it has now raised over $200 million.
Bank Innovation
APRIL 25, 2018
U.K.-based challenger bank, Starling Bank, has added digital investment service Wealthify to its startup marketplace, enabling users to share their Starling data with the service, the companies announced today. Backed by Aviva, Wealthify is an online investment company based in Cardiff. It joins existing partners on Starling’s marketplace including mortgage brokerage Habito and receipts provider […].
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
APRIL 25, 2018
Ten years ago, in 2008, TGI Fridays blazed a rewards and loyalty trail that countless restaurants have followed since. This month, the chain announced it will be taking that customer experience to the next level through a partnership with customer data and engagement platform SessionM. The new program retires static rewards (“Earn a free dessert at 50 points”; “Get a free burger at 100”) for more dynamic and real-time rewards experiences that may or may not revolve around food.
Bank Innovation
APRIL 25, 2018
EXCLUSIVE— Mortgage investment platform Unison is expanding to ten additional states, following strong origination growth and new marketing, engineering hires, the company announced today. The expansion comes after the company (which allows customers more flexibility in choosing a home by “investing” in the house) expanded originations 1,000% in the first quarter of 2018, compared to […].
PYMNTS
APRIL 25, 2018
When it comes to innovation, credit unions may just be the most innovative of all, while banks big and small fail to keep up with their pace – but they’ve still got a long way to go. According to data inside the latest Innovation Readiness Playbook , credit unions are, on average, doing a better job of developing innovative new financial products and features than their community or commercial bank counterparts.
Bank Innovation
APRIL 25, 2018
Digital micro investing app Acorns today launched Acorns Later, an account that enables users to put money into a retirement account. Acorns Later is an automated IRA account, tax-advantaged retirement account that requires as little as $5 investment per month. In a previous interview with Bank Innovation, Acorns CEO Noah Kerner described the product as […].
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
APRIL 25, 2018
Knotel co-founder and CEO Amol Sarva has had a full life in tech. Apart from his current venture, Sarva is also the co-founder of Halo Neuroscience, Peek and Virgin Mobile USA – and those are just his better-known ventures. He founded his first firm when he was still a philosophy student at Columbia University, a web development firm called Netatomic.
Payments Source
APRIL 25, 2018
When regulators recognize ICOs as securities offerings, they will likely require issuers to fully comply with standard Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, increasing compliance pressure, according to Ron Teicher, CEO of EverCompliant.
PYMNTS
APRIL 25, 2018
Consumers want their morning cup of joe, but they don’t want to wait on line. With mobile ordering at quick-service restaurants (QSRs) like The Coffee Bean & Tea Leaf , customers can ditch the queue. “When people want coffee or tea, they want it now, and we want their orders to be ready when they are,” Aidan Hay, SVP of Operations at The Coffee Bean & Tea Leaf, said in a press release announcing a mobile order-ahead feature for their app.
Bobsguide
APRIL 25, 2018
While a growing number of consumers are using mobile banking applications to undertake everyday banking activities the fact that a number of services are unavailable and security procedures can be tasking has led many to continue to rely on web platforms and more traditional means to fulfil their.
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
APRIL 25, 2018
Managing a kitchen is not easy work — it’s a leading cause of stress for the people (mostly women, mostly mothers) who do it. The pressure is high to get a nutritionally-balanced, home-cooked meal on the table every day. According to a study out of the University of North Carolina , when it comes to living up to that standard, the struggle is real. Sinikka Elliott, associate professor of sociology at North Carolina State University, told Today , “I was very surprised at the consistency across al
Payments Source
APRIL 25, 2018
Mobile and other technology are changing payments and financial services quickly, leaving legacy systems and processes challenged to keep up, writes Ignacio De Marco, CEO of BairesDey.
PYMNTS
APRIL 25, 2018
There’s no lack of good ideas when it comes to self-service banking. As Steve Bigwood, director of software and professional services at Cennox , told PYMNTS in a recent conversation, a brief look at the global space turns up a host of interesting capacities for ATMs. In Spain, he noted by way of example, one can perform 50 different types of transactions at a self-service machine – buying tickets, paying bills and more.
Bobsguide
APRIL 25, 2018
Reporter Dave Beach had the pleasure of speaking to Dr Marcell Vollmer, chief digital officer at SAP Ariba during the company's event at the RAI in Amsterdam. bobsguide's Beach and Dr Vollmer are joined by co-host and editor of PaymentEye, Michael Hocking, and together they.
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
APRIL 25, 2018
When Amazon launched Prime Now delivery for groceries out of its Whole Foods Marketpalce subsidiary, the company turned some heads — and heard some minor complaints, since the service was only initially only available in four markets: Virginia Beach, Austin, Dallas and Cincinnati. Consumers wanted to know when two-hour free delivery might be coming their way.
Bobsguide
APRIL 25, 2018
The first principle of data protection requires that all personal data be processed lawfully, fairly and transparently. A legal (or lawful) basis for processing must be satisfied before an organization can process any personal data. GDPR outlines six scenarios in which data processing is legally.
PYMNTS
APRIL 25, 2018
You can lead a horse to water, but you can’t make it drink. Mobile wallet providers are running into much the same issue. In the U.S., there’s a smartphone in nearly every hand, with 77 percent of Americans owning these devices, yet only 24 percent of smartphone owners have ever used a mobile wallet to make a payment. Mobile wallet and payment providers aren’t ready to give up, however.
Payments Source
APRIL 25, 2018
The U.K.’s late payments culture and its resulting impact on suppliers has many worrying about whether their clients are the next Carillion, a U.K. construction giant whose collapse left approximately 30,000 SMEs with millions of pounds in unpaid invoices.
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.
262 
Let's personalize your content