Thu.Jan 04, 2018

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20 of Europe’s hottest fintech start-ups to watch in 2018

Chris Skinner

I really liked this article by John Kennedy over at Silicon Republic, and decided to reproduce it here as it’s fitting for the kickoff of 2018. Who are the fintech start-ups in Europe worth banking on in the year ahead? Europe is in the grip of a fintech revolution and 2018 … The post 20 of Europe’s hottest fintech start-ups to watch in 2018 appeared first on Chris Skinner's blog.

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More Financial Professionals Are Looking to Fintech Providers for Commercial Innovation

Bank Innovation

While fintech has made headway in consumer banking, commercial applications have remained a little behind the curve. However, more professionals in finance are looking to fintech providers for technological innovation, a survey by TD Bank released yesterday found. About a third of the 340 financial professionals polled, or 31% of respondents, said they were looking […].

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The smartphone as a mobile identity device

Payments Dive

New mobile technologies make it possible for payments companies to leverage consumers' smartphones as an identity device, enabling compliance with AML and KYC regulations while maintaining the superior user experience that consumers expect.

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Australia’s Bankwest Opens Waiting List for ‘Halo’ Payment Ring [VIDEO]

Bank Innovation

Australian bank Bankwest has opened a waitlist for its “Halo” payment ring, the first commercial wearable device launched by the bank. The device uses NFC technology to allow users to pay: simply “first bump” the payment terminal, Bankwest says, and go on your way. The ring, alongside other wearable payment technologies, was first beta’d by […].

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

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Things worth reading: 5th January 2018

Chris Skinner

Things we’re reading today include … Bitcoin spyware scam empties victim’s bank account 20 Banks That Consumers Loved to Hate in 2017 The year of AI Investment banks earn record $104bn advising on takeovers Rush to fix ‘serious’ computer chip flaws Apple to issue fix for iPhones, Macs at risk … The post Things worth reading: 5th January 2018 appeared first on Chris Skinner's blog.

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Why cloud? Why now? Because your customers won’t wait

Insights on Business

In real estate, the three most important words are “location, location, location.” In banking, the three most important words might be “speed, speed, speed.”. In banking and in financial services generally, we’re seeing new technologies emerge every day, in both customer-facing and operational capabilities. And we’re seeing banks move processes and services to the cloud instead of running them from their own data centers.

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Artificial intelligence can keep big retail breaches at bay

Payments Source

Compliance checks today are not continuous or automatic, even in the largest of global enterprises. Traditionally, compliance audits are performed by organizations just once a year when, in reality, they need to be continuous in order to be effective, writes Manoj Asnani, lead of product and design for Balbix.

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Speeding Up The Slow Pour At Coffee QSRs

PYMNTS

Coffee shops are quick service restaurants (QSRs) — even when the service isn’t that quick. So if there’s a way to make it quicker, good business sense says it’s worth doing, right? Try telling that to a coffee hipster. Slow food, rather than fast food, is the artisanal way, and coffee diehards believe a fresh-ground pour-over is the freshest (and therefore the only) way to go.

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Has the financial services landscape already changed following MiFID II implementation?

Bobsguide

With any and all significant legislation, the industry have voiced their opinions on MiFID II as the deadline came and went. The concerns, challenges and expectations from various industry leaders have been collated below. Yesterday, January 3, marked the seven year wait for the.

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The State of Automation in Financial Services 2024 Report

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

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Motivating Mobile In 2018

PYMNTS

Another year, another chance for mobile wallet players to convince consumers to give up their plastic cards and utilize the phone as a payments form factor. It hasn’t been easy. Despite there being some variety of “Pay” for every day of the week, none have garnered even a 10 percent usage rate among consumers. The most-used mobile wallet in the U.S. as of 2017, according to PYMNTS/InfoScout data is Walmart Pay, with a usage rate just a shade below 6 percent (5.95 percent to be exact).

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What effect do North Korean supernotes still have on U.S. payments?

Payments Source

North Korean counterfeits haven't been documented since 2008, but recent sanctions may have pressured the country to return to making undetectable U.S. cash.

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Maryland Community Bank Wades Into Cannabis Market

PYMNTS

Providing financial services to legal marijuana businesses in the U.S. has proven a challenging, complicated venture for the nation’s banks. As more financial institutions (FIs) warm up to the idea, one bank in Maryland is taking significant steps to address cannabis companies’ FinServ challenges. Reports in The Washington Post this week profiled Severn Savings Bank, a community bank in the state that is said to be providing services to legal marijuana businesses.

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Criminal underworld is dropping bitcoin for another currency

Payments Source

Bitcoin is losing its luster with some of its earliest and most avid fans — criminals — giving rise to a new breed of virtual currency.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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More Closures In Store For Macy’s

PYMNTS

Macy’s will shutter approximately 30 stores as the retailer continues to sell its real estate and invest in eCommerce, CNBC reports. As the company moves to invest in internet operations to win over online shoppers, it’s exploring more opportunities to cash in on its real estate holdings. “Macy’s, Inc. has been reviewing its real estate portfolio across the country to see if there are opportunities to improve the use of our assets,” Macy’s told the newswire.

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Making a Case for Centralized Systems

Let's Talk Payments

At a time when disbelief in decentralized systems may end up being an offense in Silicon Valley and beyond, I’d like to give a benefit of a doubt to the.

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Capital One Glitch Leads To Multiple Account Charges

PYMNTS

No one likes being charged more than once for a transaction — one of the vagaries of living in a technology-fueled world — especially when it comes to commerce and banking. The Washington Post reported that a number of Capital One customers, as of Wednesday (January 3), found multiple charges (the same one, that is) levied on their accounts. The newspaper reported that it was not yet known how those errors occurred or just how many customers were impacted.

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Digital treasury: A future state vision

Bobsguide

For many of us, digital, mobile and cloud technologies have become integral to our daily lives with hand-held devices emerging as new, digital appendages. As we look to the horizon, emerging products and services that leverage these and other technologies such as autonomous cars, unstaffed retail.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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Warehouse Land Price Soars On Increased Shipping Demand

PYMNTS

Buying land on which to build a warehouse is becoming an increasingly pricey proposition. As two-day shipping becomes heavily favored among consumers, eCommerce firms are under mounting pressure to locate their warehouses and distribution centers as close to their customer bases as possible. According to Wednesday (Jan. 3) reports from technology news source Recode, that means these firms need large tracts of industrially zoned land near major cities — something that is not exactly easy to come

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Data: Debit in demand

Payments Source

The debit card is growing in popularity in the U.S. for retail transactions, and consequently FIs are making debit a top priority. However, the strength of debit is a double-edged sword.

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The Frightful Five: Amazon Slays, Apple Prays

PYMNTS

December was a good month for Amazon. Really, 2017 was a good year for the eCommerce giant, and we’ve got the numbers to prove it. Apple took more of a roller coaster ride – months later, analysts still aren’t sure how the iPhone X will perform, and whatever happened to that HomePod? Plus: Facebook to sink more funds into video, Google tries to dig in its heels in the smart speaker race, and Microsoft scrambles to patch a vulnerability (but the fix has its own drawbacks).

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Startup’s app converts gift cards to cash

Payments Source

Prepaid2Cash has launched a mobile app enabling recipients of card network-branded gift cards to convert them to cash — targeting what the National Retail Federation says is nearly $30 billion in funds spent via gift cards in the U.S. during the holiday season.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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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Beyond Price: Bitcoin’s Impact on the Future [Video]

Let's Talk Payments

In this inspiring talk, Andreas M. Antonopoulos, a technologist and serial entrepreneur who has become one of the most well-known and well-respected figures in bitcoin, reviews the early history of.

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Subscription payments can beat the post-holiday lull

Payments Source

For payments to keep up, merchants need to focus on the shift to subscriptions and the true personalization of processing, writes Suneera Madhani, CEO and founder of Fattmerchant.

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Daily Review: China Applies Creativity & Imagination to Business Financing, Powering Emerging Industries

Let's Talk Payments

As P2P lending in China is crippled with fraud and trials, institutions do not wish to miss out on an important revenue stream. One Chinese province sees an emergence of.

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01.03.18 Your morning briefing

Payments Source

The information you need to start your day, from PaymentsSource and around the Web. Today: Brett King joins Nebeus' board; Virtual currency exec quits after breach; Alipay's environmental play; Putin thinks cryptocurrency can get around sanctions; another company gets a blockchain boost.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.