Chris Skinner
OCTOBER 4, 2017
I get lots of input from many sources, and one of the ones I like is the innovation survey of banking produced annually by EFMA with Accenture. It also usually proves to be one of the most read items on my blog – here’s the 2015 and 2016 reports – so, as … The post The top trends in retail banking innovation appeared first on Chris Skinner's blog.
Bank Innovation
OCTOBER 4, 2017
Customers who use mobile banking apps more often than their peers are likely to have a better understanding of their financials, according to research conducted by Citibank. The bank’s Mobile Banking Study, released last week, found that 65% of mobile banking users were confident that they knew the exact balance of their bank accounts, versus […].
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Chris Skinner
OCTOBER 4, 2017
Things we’re reading today include … Soaring rates of ‘shadow banking’ add to fears of Chinese debt, warns World Bank Orange is launching Orange Bank on November 2 Foiled £250m Brazil bank robbery ‘would have been biggest in the world’ U.S. lawmakers seek to shut banks that harm consumers SEC … The post Things worth reading: 5th October 2017 appeared first on Chris Skinner's blog.
Bank Innovation
OCTOBER 4, 2017
EXCLUSIVE—Technology provider Salesforce has released a new cloud service for retail banking, tailored to the needs of bankers who need to keep up with an increasing number of competitors in an environment of lackluster customer loyalty. The platform, known as Financial Services Cloud for Retail Banking, utilizes new data models powered by APIs and machine […].
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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
Abrigo
OCTOBER 4, 2017
As technology continues to evolve, it is difficult for every team member to keep up. Employers can help by implementing strategies to ensure that employees are proficient in and knowledgeable of new industry tech. The below strategies will guide a firm’s development of well-informed, proficient employees. 1. Where do your Employees Stand? Before implementing strategies to overhaul the standing of your firm’s employees’ technological competency, gauge their current understanding.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Abrigo
OCTOBER 4, 2017
Machine learning, a subset of artificial intelligence where machines can predict outcomes by using algorithms to interpret data, won’t eliminate the need for humans in accounting work, according to a leading expert on business, technology and big data.Machine learning, a subset of artificial intelligence where machines can predict outcomes by using algorithms to interpret data, won’t eliminate the need for humans in accounting work, according to a leading expert on business, technology and big d
Bank Innovation
OCTOBER 4, 2017
UK challenger Starling Bank is continuing its mobile banking momentum with the launch of business accounts for small businesses and small traders, the bank announced today. Starling’s business banking accounts will include features like business accounting services and linked invoicing, as well as real-time international payments. Starling is part of the real-time Faster Payments network, […].
PYMNTS
OCTOBER 4, 2017
Rumors are swirling that Apple is currently testing Apple Pay Cash internally using iOS 11.1 and an accompanying device certificate. According to news from 9to5Mac , 11.1 was released in beta to developers last week, but not everyone received Apple Pay Cash. The new service was announced at Apple’s Worldwide Developers Conference over the summer, but the feature wasn’t included when iOS 11 launched to the public last month.
Let's Talk Payments
OCTOBER 4, 2017
To promote the sustainable, broad-based and versatile growth of FinTech. To innovate on the distribution of banking products and services in ways that can directly impact the consumer. There are.
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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
PYMNTS
OCTOBER 4, 2017
Sleep tech startup Eight has launched a new Alexa skill that allows users to interact with their mattress, both to control it (by adjusting the temperature, for example) and to access their sleep data using the Echo and other Amazon devices. “You don’t even need to touch your phone – you can just ask Alexa how you slept,” CEO Matteo Franceschetti told TechCrunch.
Let's Talk Payments
OCTOBER 4, 2017
Whether it is about paying a friend for a bill shared at a restaurant or paying for a service provider, when it comes to paying other people, in Brazil, the.
PYMNTS
OCTOBER 4, 2017
Trulioo , the global identification company, announced news on Wednesday (Oct. 4) that it launched its Global Business Verification solution aimed at providing a low-cost way to conduct due diligence on businesses around the world. In a press release, Trulioo said the tool can help verify if a business is real in order to enable companies to detect cybercrime, fraud and other criminal activity, like tax evasion or money laundering.
Payments Source
OCTOBER 4, 2017
As Internet of Things solutions become more commonplace in the home, the office and the car, voice interaction is the most likely channel for the next generation of commerce.
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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.
PYMNTS
OCTOBER 4, 2017
Realtime Electronic Payments, also known as REPAY, has completed its takeover of accounts receivable management firm PaidSuite, the company said on Tuesday (Oct. 3). In an announcement , REPAY, a payments technology and processing firm, said the acquisition of PaidSuite, which provides payment solutions for the accounts receivable management industry, was a “strategic” one.
BankNXT
OCTOBER 4, 2017
Disruption is on the way for the UK insurance market, and it’s in the shape of Amazon. Story by Patricia Davies. Insurers beware, Amazon poised to disrupt UK insurance on BankNXT.
PYMNTS
OCTOBER 4, 2017
Beware, those who think defrauding or scamming Amazon is a good idea — getting caught can be costly. According to a recent article from Fortune, Erin and Leah Finan, a husband and wife fraud team from Muncie, Indiana, scammed Amazon out of $1.2 million in electronics goods and are being ordered to repay the eCommerce platform $1,218,504. The couple did not use the world’s most complex scam to perpetrate the fraud, either.
BankNXT
OCTOBER 4, 2017
Chris Skinner doesn't see the internet giants becoming banks, but they will reimagine banking and finance for the internet age. Do you really think Google or Amazon wants to be a bank? on BankNXT.
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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.
PYMNTS
OCTOBER 4, 2017
Ubiquity. Rewards. Ubiquity rewards … merchants, program sponsors and consumers …. If done right. Rewards as currency might be among the best ways to enhance shopping, boost consumer loyalty and give some flexibility in what – and why – people buy. But then again, a lot of people aren’t paying attention. Or maybe the rewards programs aren’t enticing enough.
Payments Source
OCTOBER 4, 2017
In service now for a decade in Africa, India and parts of Europe, M-Pesa is expanding its telco-driven mobile money service to include tap-and-go payments through wristbands, stickers or cards.
PYMNTS
OCTOBER 4, 2017
The payday lending and debt collection industry is controversial, to say the least, and it is getting a day in court. As The Wall Street Journal reports, a racketeering trial that is currently taking place in New York may bring greater scrutiny to bear on how payday lenders operate. The financial publication reported that the trial centers on Scott Tucker, who is alleged to have run a $2 billion payday lending operation that advanced funds to more than 4.5 million people.
Payments Source
OCTOBER 4, 2017
The e-signature and invoicing regulations, which sought to simplify e-invoicing to enhance adoption rates, have caused uncertainty, writes David C s, CEO and founder of CloudTrade.
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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.
PYMNTS
OCTOBER 4, 2017
Payments software firm B2 Group is rolling out a mobile cash management solution for the corporate treasurer. The company announced news on Tuesday (Oct. 3) that it is rolling out its Mobile Cash Management (MCM) service, a tool that comes with a mobile app for smartphones and tablets. The solution enables corporate treasurers to access B2’s Multi-Bank Integrator, a cloud-based tool that integrates information from multiple banks to provide visibility into outgoing payments and incoming stateme
Payments Source
OCTOBER 4, 2017
Adyen says it has developed a platform that will simplify and speed up payments, seller onboarding and other tasks for the e-commerce global marketplaces using its payment processing services.
PYMNTS
OCTOBER 4, 2017
With a now-total ban on WhatsApp, China has finally ousted Facebook for good, and Russia is threatening to do the same if the social media platform does not abide by its government’s rules (ironic, as Russia reached at least 10 million American Facebook users with its U.S. election propaganda ads, according to the latest tally). Also in this week’s tracker: Facebook leverages Apple’s Face ID for account recovery, and Android users can skip the bells and whistles with Messenger Lite.
Payments Source
OCTOBER 4, 2017
As payments industry companies increasingly are characterized by strategic and often brash moves in a fast-changing ecosystem, the stakes have risen for selecting their leaders.
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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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