Chris Skinner
DECEMBER 5, 2017
I’ve recently noted a number of reports about Open Banking, with many published recently due to its imminent arrival on January 13, 2018. Source: IBM As can be seen, we have several different groups working on Open Banking. There’s the Payment Services Directive 2 (PSD2) with Open APIs for payments, … The post The best research into Open Banking appeared first on Chris Skinner's blog.
Bank Innovation
DECEMBER 5, 2017
Morgan Stanley launched a robo-advisor to target fintech’s darling demography – millennials. The robo-advisor, which is called Morgan Stanley Access Investing, was unveiled yesterday. The online service has a 0.35% advisory and users are required to have a minimum investment of $5,000. Morgan Stanley’s robo-advisor users can invest in mutual funds and ETFs.
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Chris Skinner
DECEMBER 5, 2017
2017 has been a wild and fantastic year for cryptocurrencies, especially bitcoin. Everyone was wondering whether they should buy bitcoin. That was back when it was $500 a coin. Now it’s over $11,000 a coin. Funny year 2017. 2017 was when everyone thought they had to get into cryptocurrencies, and … The post The future of cryptocurrencies appeared first on Chris Skinner's blog.
Bank Innovation
DECEMBER 5, 2017
EXCLUSIVE – The payment protection app Earny announced today it has raised $9 million and wants to use the funds to diversify into the travel vertical. Based in Santa Monica, Calif., Earny automatically monitors for and claims refunds on past purchases through retailer and credit card price protection policies. With its new funding, Dori Yona, […].
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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
Payments Dive
DECEMBER 5, 2017
TNS and Majestic Wine have designed a fully redundant managed service which provides point-of-sale retail services via a dedicated payments network with the ability to use multiple failover capabilities. Download our case study to learn more.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
DECEMBER 5, 2017
It's time for a look back at November's most-read articles and blog posts on Mobile Payments Today.
Bank Innovation
DECEMBER 5, 2017
The Securities and Exchange Commission, or SEC, has filed charges of fraud against the organizers of a $15 million ICO, the agency announced yesterday. The regulator filed charges against Canadian organizers Dominic Lacroix and Sabrina Paradis-Royer, as well as a firm named PlexCorps, for violating U.S. securities laws. The organizers and the firm were also […].
PYMNTS
DECEMBER 5, 2017
Fitness company SoulCycle is known for its indoor spin classes, and now it could be known for its fashion too. According to news from Bloomberg on Monday (Dec. 4), SoulCycle recently launched a line of workout clothing in collaboration with New York City-based streetwear company Public School. The partnership’s athleisure collection was released during a launch party in downtown Manhattan during a cycling class-turned-fashion-show.
Bank Innovation
DECEMBER 5, 2017
EXCLUSIVE—Bitcoin futures are the perfect medium for investors curious about cryptocurrency, as they allow customers to play “both sides” of the market, Rich Hagen, president of Ally Invest, told Bank Innovation. “What’s interesting about bitcoin futures is that you’ll have the ability to take both sides of bitcoin—it’s a two-sided market, you can go long […].
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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
DECEMBER 5, 2017
“A couple of years ago, everyone was talking about integrated payments,” WePay CEO Bill Clerico told Karen Webster in a recent conversation. “Now people aren’t just talking about it – they are doing it and focusing in on it.”. That can only mean one thing: The old model of resellers and hardware and using ISOs to acquire SMB merchants is ceding to one that has payments fully embedded into the software these SMBs use to run their businesses.
Bank Innovation
DECEMBER 5, 2017
Banking-as-a-service platform SolarisBank has signed a major integration partnership with a bank. On Tuesday, the Berlin-based SolarisBank announced that it had integrated with the Dutch bank ABN Amro to provide instant loans through the bank’s online brand Moneyou. SolarisBank partners thus far has been fintech startups and digital companies.
PYMNTS
DECEMBER 5, 2017
Quick service restaurant (QSR) chain Pizza Hut has begun testing beer delivery at its Arizona locations, according to Tuesday reports from CNBC. Wine delivery is slated for availability in January. The company announced the test delivery service is live in the Phoenix, Arizona, area for consumers aged 21 and older, and will be offering six-packs of Budweiser, Bud Light, Shocktop and locally brewed craft beer during its initial phase.
Payments Source
DECEMBER 5, 2017
Innovative companies are working on ways to instantaneously convert cryptocurrency into the currency accepted by the merchant, writes Vladimir Gorbunov, COO and Co-Founder of Crypterium.
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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
DECEMBER 5, 2017
The one-time shopper is the bane of the eCommerce merchant’s existence. They come, they shop, they even convert — only to disappear into the digital ether, never to be heard from again. That troublesome here-and-gone customer is a particularly problematic resident of the holiday shopping season. Customers, drawn by discounts, deals and interesting seasonal merchandise come and shop, but don’t quite manage to incorporate new retailers into their regular flow of commerce.
Let's Talk Payments
DECEMBER 5, 2017
The LTP Team had a pleasure to interview Brad Weisberg, CEO & Founder of Snapsheet (previously known as BodyShopBids), a free app for iPhone, Android and the Web that allows.
PYMNTS
DECEMBER 5, 2017
Innumerable are the stories that say retail is dead. But scratch below the surface of the headlines, and the industry may not be moribund — but instead may be evolving. Ours is increasingly a global world, connected, where communications and commerce cross borders. Why should retail be any different? Projections from the United Nations show that the total number of online shoppers, as measured globally, should grow by 50 percent between 2013 to 2018 to as many as 1.62 billion.
Let's Talk Payments
DECEMBER 5, 2017
“The brave new world of global finance is getting braver. Real-time and near-real-time payments systems have changed the fabric of online commerce.” – Patricia Pozuelo, Enterprise Technology Specialist, Intel The.
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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
DECEMBER 5, 2017
This time of year can be firefighting season for security companies as increased retail volumes invite increased cyber fraud attempts. And indeed, startup Emailage has felt the prime-time crunch as its customers are experiencing their biggest times of the year. However, at Emailage, the season has been surprisingly smooth so far. Anthony Enrico, the startup’s vice president of customer success, said communication has played a big role in that success.
Payments Source
DECEMBER 5, 2017
America’s largest lenders made an epic mistake a decade ago when they cashed out of Visa and Mastercard through initial public offerings, says Chenault, who will step down in February as CEO of American Express.
PYMNTS
DECEMBER 5, 2017
A new Starbucks coffee chain location opens every 15 hours in China, according to Tuesday reports from CNBC. With more than 3,000 stores already in operation in the country, another 2,000 are in plans and slated for opening by 2021. “To us, we open 500-plus stores a year, but to us, it’s not about 500,” said Belinda Wong, CEO of Starbucks China. “It’s about opening a store 500 different times because you’re in a different neighborhood and we’ve got to build that relationship with our customer.”.
Payments Source
DECEMBER 5, 2017
The information you need to start your day, from PaymentsSource and around the Web. Today: FTcash offers cashless loans and payments in India; Apple Pay Cash starts to deploy; A cryptocurrency for solar; Payza adds altcoin purchases; SEC's ICO unit goes to work.
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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
DECEMBER 5, 2017
The British Business Bank (BBB) has announced a $40 million commitment to provide U.K. small- and medium-sized businesses (SMBs) working capital loans in an effort to prepare them for Brexit. According to news from City A.M. on Monday (Dec. 4), the BBB’s commercial unit, British Business Investments (BBI), committed the funds for asset-backed business lending, with an eye on ensuring SMBs are able to shore up financing in anticipation of Brexit.
Payments Source
DECEMBER 5, 2017
An ex-regulator’s stern warning about the risks of sharing consumer information with fintechs has prompted debate over common security standards for banks and nonbanks, better data tracking and new liability insurance products.
PYMNTS
DECEMBER 5, 2017
A Russian hacker who was able to steal more than $2.7 million from businesses in the U.K. has been sentenced to nine years in jail, according to SC Magazine. The publication reported Monday (Dec. 4) that Vugar Mollachiev, who currently resides in North London, was sentenced for conspiracy to defraud and money laundering. He was already known to law enforcement officials from a separate cybercrime investigation.
Bobsguide
DECEMBER 5, 2017
Initially scheduled for implementation on January 3rd, 2017, the Markets in Financial Instruments Directive (MiFID) II was pushed back to 2018 based on industry feedback regarding the exceptional technical implementation challenges that it poses for regulators and market participants alike. With.
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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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