Chris Skinner
MARCH 5, 2019
I’ve talked a little about TechFin in the past but, in my presentations, I talk more and more about TechFin versus FinTech. FinTech is doing what we’ve always done, cheaper and faster and better with technology. TechFin is reimagining everything with no idea of what’s been before with technology. It’s a … The post Are banks customer focused? appeared first on Chris Skinner's blog.
Payments Dive
MARCH 5, 2019
The increased use of mobile apps in e-commerce, banking and corporate payments is forcing cyber experts to shift tactics and technologies to protect vulnerable endpoints from malicioius attacks.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Bank Innovation
MARCH 5, 2019
Growth is the name of the game for this month's notable hires in digital banking and fintech. On one hand, a major FI like Spanish bank Santander hired a former Google executive to create new products, while smaller fintechs are opening up shop in new markets to drive growth. Nordea Bank CEO Casper von Koskull […].
PYMNTS
MARCH 5, 2019
Credit card debt in the U.S. reached $870 billion at the end of last year, setting a record. Bloomberg , citing data from the Federal Reserve, reported credit card balances in the third quarter were $26 billion less. While spending tends to increase in the fourth quarter because of the holiday selling season, the Federal Reserve said it’s the first time credit card balances reached “the 2008 nominal peak,” the report said.
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.
Bank Innovation
MARCH 5, 2019
If you build it, the optimizers will come. Citizens Access, the digital-only arm of Rhode Island-based Citizens Financial Group, has grown to about $4 billion in deposits, mostly from new customers outside the bank's traditional footprint, since its launch in July 2018. John Rosenfeld, President of Citizens Access, said the bank’s intent from the start […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
MARCH 5, 2019
Barclays Plc is preparing to merge its wearable mobile payments product BPay with its more popular Pingit app, after it struggled to attract users. The two products currently require retail customers to download and maintain two separate apps -- one for Pingit, which supports peer-to-peer transactions and international money transfers, and another for BPay, which […].
PYMNTS
MARCH 5, 2019
The Mexican central bank and Amazon are in talks to introduce a government-approved mobile payment system, according to reports. The system would involve users paying for online purchases using QR codes, and it would be the first time Amazon offered the technology in the country. In Mexico, half of the population is unbanked, so the move could eventually provide Amazon with a new customer base.
Payments Source
MARCH 5, 2019
As companies invest heavily in artificial intelligence and other high-tech defenses, it is becoming more apparent that criminals are investing in equally powerful technology.
PYMNTS
MARCH 5, 2019
HSBC U.K. provided a $26.3 million funding round for B2B eCommerce and spend management company Proactis, the company revealed. In an announcement on its website, Proactis said the investment will enable the company to target small and medium-sized businesses (SMBs) and their cash flow challenges by incentivizing faster payments to small firms. In addition to the new funding, Proactis announced that its new CEO, Tim Sykes, is launching a review of the company’s operations in the U.S. and E
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
Payments Source
MARCH 5, 2019
As fraudsters get more sophisticated, better funded and increasingly connected, it’s clear that the fight against fraud will be ongoing, not a battle with a clear end, writes Rafael Lourenco, an executive vice president at ClearSale.
PYMNTS
MARCH 5, 2019
When food delivery startup Munchery closed its doors in January, it literally left dozens of small businesses holding the bag. Orders delivered to Munchery customers, and paid for by those customers, didn’t always mean the small- to mid-sized businesses (SMBs) that provided the goods got paid. Just take the recent story of Three Babes Bakeshop in San Francisco.
Payments Source
MARCH 5, 2019
Online retailers must accept hacking, malware and phishing as a reality of doing business in our digital world, but tokenization can make the prize less worthy for crooks, according to André Stoorvogel, director of product marketing for Rambus Payments.
PYMNTS
MARCH 5, 2019
Heightening efforts among policymakers across the globe to expand customer protections in the financial services (FinServ) space have largely left small business (SMB) banking and lending untouched. While small business lending has become a platform for some high-profile FinServ scandals in several markets, opponents of expanding borrower protection legislation to small businesses have argued that such regulations would actually hamper financial institutions’ ability to expand credit acces
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
Bobsguide
MARCH 5, 2019
Emerging new technologies are revolutionizing how financial institutions conduct client onboarding procedures across their organizations. The drive towards digital transformation is led by the need to tackle the biggest operational challenges that financial institutions currently face along with.
PYMNTS
MARCH 5, 2019
If the digital economy crosses borders – with commerce always on, across time zones and currencies – the platform model should be a perfect fit for those who seek to literally cross borders, or even just get away from it all for a bit. In the February 2019 Payments and The Platform Economy Playbook , a collaboration between PYMNTS and YapStone, the sharing economy was in focus.
Bobsguide
MARCH 5, 2019
Federal Reserve, OCC and FDIC changes to the supplementary leverage ratio (SLR) framework has the potential to “adversely impact” the ability of clearing members to provide client clearing services, which could result in a decrease in firms offering those services. That’s according.
PYMNTS
MARCH 5, 2019
It’s become a cliché too often heard today in the B2B space: Procurement should evolve into an experience that mirrors a consumer shopping online at Amazon. But in the race to offer that B2C Amazon-like experience to business-to-business players, the eProcurement technology space may be overlooking some key differentiators that corporate buyers and suppliers need addressed.
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.
Payments Source
MARCH 5, 2019
U.S. credit card debt hit $870 billion — the largest amount ever — as of Dec. 31, according to data from the Federal Reserve. Credit card balances rose by $26 billion from the prior quarter.
PYMNTS
MARCH 5, 2019
Amid a double-digit increase in digital sales and a focus on omnichannel efforts, Kohl’s Corporation beat analysts’ top-line revenue and earnings estimates for the fourth-quarter of 2018. The department store retailer reported revenues of $6.8 billion and earnings per share of $2.24 compared to analysts’ estimates of $6.6 billion and $2.18 per share.
Gonzobanker
MARCH 5, 2019
The CRM market is shaping up to be the ultimate roller coaster ride. No other technology has been surrounded by such compelling hype and growth while being accompanied by so much hesitancy and expensive failures. Will CRM become as much a staple in banking as a loan origination system? Will the use cases become so important to scale an organization that it’s considered a required investment?
PYMNTS
MARCH 5, 2019
Marriott International Chief Executive Arne Sorenson is set to testify before a U.S. Senate panel about a hacking incident that exposed the records of up to 383 million customers. The breach, which may be among the largest in history, was revealed in November 2018. The company said that an alert was raised in September from an “internal security tool” that access to guests’ information had been attempted.
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.
Payments Source
MARCH 5, 2019
Pan-European payments and transaction services provider equensWorldline has launched its domestic interoperable P2P mobile payment scheme across the continent.
PYMNTS
MARCH 5, 2019
The Reserve Bank of India (RBI), the country’s central banking institution, has fined almost 20 lenders, including the State Bank of India and ICICI Bank, for not complying with rules on the use of worldwide payments network SWIFT, according to reports. The news came to light on Tuesday (March 5), and the fines were issued over the previous four days.
Payments Source
MARCH 5, 2019
Barclays Plc is preparing to merge its wearable mobile payments product BPay with its more popular Pingit app, after it struggled to attract users.
PYMNTS
MARCH 5, 2019
A new report by Kaspersky Lab, the Moscow-based cybersecurity and anti-virus company, has revealed that attacks on mobile devices with malware doubled from 66.4 million in 2017 to 116.5 million in 2018, according to a press release from the company. Also troubling is the fact that the number of unique malware files has decreased, which has researchers worried that the quality of malware continues to increase, becoming more precise and impactful.
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.
Expert insights. Personalized for you.
391 
Let's personalize your content