Bank Innovation
OCTOBER 3, 2017
Technology provider Oracle is moving forward with its “open banking initiative,” a project that includes an open API framework to better allow banks and fintechs to work together on innovation. The company announced the platform yesterday during its “Oracle Open World” conference. The platform is a “platform as a service” initiative aimed at creating greater […].
Chris Skinner
OCTOBER 3, 2017
Things we’re reading today include … Employee lenders are one of the fastest-growing areas of UK fintech EU banks are not taking Brexit risks seriously enough, warns BoE Wells Fargo boss should be fired, says senator The bank that wants to employ more disabled workers: ‘It’s a win-win situation’ Ex-Equifax … The post Things worth reading: 4th October 2017 appeared first on Chris Skinner's blog.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Bank Innovation
OCTOBER 3, 2017
The Acting Comptroller of the Currency of the United States, Keith Noreika, has stated that he is considering imposing a nationwide licensing program for cryptocurrency exchanges, similar to the licensing program recently enacted in Japan. This hypothetical licensing program could put into place a nation-wide, unified regulatory framework for cryptocurrency exchange platforms.
PYMNTS
OCTOBER 3, 2017
Cryptocurrencies may have naysayers on Wall Street, but Goldman Sachs isn’t one of them, according to news from The Wall Street Journal. Citing people familiar with the matter, the Wall Street Journal reported that Goldman Sachs is mulling whether to launch a new trading business that is focused on bitcoin and other cryptocurrencies. If the firm moves ahead with these plans, it will be the first high-profile Wall Street company to deal directly in the bitcoin trading market.
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
Bank Innovation
OCTOBER 3, 2017
EXCLUSIVE— Potential homebuyers can be barred from entering the market simply because of the cost of a mortgage down payment. CMG Financial, a mortgage banking firm, is looking to change that with its new crowdfunding platform, HomeFundMe. The platform, announced by the firm yesterday, is designed exclusively to help consumers crowdfund the necessary money for […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
OCTOBER 3, 2017
The R3 blockchain consortium has released a new version of its Corda distributed ledger technology, which will allow developers more freedom when designing applications. The upgrade will give developers the ability to integrate future tweaks and upgrades more easily to the applications they have previously built on Corda, which should lead to banks and other […].
Payments Dive
OCTOBER 3, 2017
It's time for a look back at September's most-read articles and blog posts on Mobile Payments Today.
PYMNTS
OCTOBER 3, 2017
In payments, there are revolutions marked by sweeping changes in very short periods of time — online shopping, anyone? For payment platforms, the conduits that keep commerce’s wheels greased are similarly transformed by change, and with constant evolution in the cards. In a recent interview with PYMNTS, Tammi Shapiro, vice president of product strategy and management at financial services provider Fiserv , laid out some of the ways in which businesses — especially the most traditional, in the la
Let's Talk Payments
OCTOBER 3, 2017
Putting consumers back in control of their financial data In FinTech, as in many other areas of technology, there has been a focus on making “legacy” products more mobile, more.
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
OCTOBER 3, 2017
Though paper checks are clunky, unpopular and outdated, they still dominate the American economy in terms of payment methods, with more than $22 trillion in checks written each year. That’s bad news for consumers, though, who have made it clear they feel it’s time to #KilltheCheck. They rated checks as the worst disbursement method, giving it a score of 4.4 out of 100 in the inaugural PYMNTS Disbursement Satisfaction Index™, in collaboration with Ingo Money.
Bobsguide
OCTOBER 3, 2017
A well-articulated and reliable risk management system, can free up much needed manpower to put towards exclusively human risk management. The trouble is, it’s not always clear where the best risk management solutions are, or what would work best for individual organisations. This article is.
PYMNTS
OCTOBER 3, 2017
One week after reporting a $3.1 billion financing infusion from a group of lenders led by JPMorgan Chase, toy and game retailer Toys R Us is announcing new steps in its post-bankruptcy restructuring. In recent retail news, Chain Store Age reported Monday (Oct. 2) that Toys R Us has partnered with global marketplace solutions provider Mirakl to create a new online marketplace.
Let's Talk Payments
OCTOBER 3, 2017
The fourth edition of Open-F@b Call4Ideas is here, right now! Open-F@b Call4Ideas 2017 is an international initiative promoted by BNP Paribas Cardif, one of the top 10 insurance companies in.
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
OCTOBER 3, 2017
Challenger banks. The image is one of “put up yer dukes” in Europe’s financial world, specifically in the U.K. Scrappy upstarts versus older and slower, but experienced, champions. Megabytes of data vs. marbled halls. And against all of this, PSD2 , of course, looms large. The directive is meant to foster innovation in the banking sector. Beginning early next year, banks are required to have APIs in place that would allow consumers to opt into third-party services.
Payments Source
OCTOBER 3, 2017
Richard Smith came to Capitol Hill this week to speak about the massive breach at Equifax, but it was clear Tuesday that he will be defending the entire credit reporting industry.
PYMNTS
OCTOBER 3, 2017
Some baseball fans should have an easier time seeing their favorite teams next season: Major League Baseball (MLB) announced that the Oakland Athletics participated in a new NFC ticketing solution that allowed fans to enter stadium payments by simply tapping their phone (or Apple Watch) to a ticket scanner. According to a TechCrunch news report, while Apple has been using NFC contactless technology to power Apple Pay in the iPhone and Apple Watch for a few years, the hardware only became availab
Bobsguide
OCTOBER 3, 2017
The consumerisation of IT has arrived and is having a deep and dramatic effect on our everyday lives. In fact, whether we realise it or not, digitalisation has seeped into our subconscious to the point that it has altered digital interactions as well as assumptions of what is expected. We expect.
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
OCTOBER 3, 2017
Wells Fargo, the embattled bank still reeling in the wake of a fake account scandal, has reportedly brought back more than 1,000 former employees, Reuters reported Monday (Oct. 2). Citing prepared congressional testimony by Wells Fargo, chief executive Tim Sloan said more than 1,780 employees who were let go — but should not have been — or who left the bank were recently rehired.
Bobsguide
OCTOBER 3, 2017
Why do two-sided marketplaces that succeed in one market fail in another? That’s a big question, and there’s certainly no shortage of answers. From unfavorable unit economics to regulatory problems, emergent marketplaces can run into all sorts of problems as they work to achieve.
PYMNTS
OCTOBER 3, 2017
Access to capital is the first, last and constant problem that small businesses experience in the day-to-day course of doing business. Although they are often hailed as the backbone of the U.S. economy, SMBs have been struggling for the last two decades. Just a few weeks ago, news outlets were reporting of a start-up slump, which has had an iron grip on the economy for over 10 years.
Payments Source
OCTOBER 3, 2017
The information you need to start your day, from PaymentsSource and around the Web. Today: Shake Shack opens a cashless location; Revolut CEO apologizes for glitch; Consumers may not trust PSD2's data sharing; Oakland As test NFC stadium entry.
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
OCTOBER 3, 2017
Samsung Electronics and Apple have appeared to be long-time fierce rivals in the smartphone market, but the South Korean consumer electronics company recently supplied the semiconductors and OLED screens for the iPhone X. In fact, Samsung stands to benefit greatly if its rival has a win on its hands. That’s according to a recent news report in the Wall Street Journal , which reported that Samsung could make billions if the iPhone X takes off.
Payments Source
OCTOBER 3, 2017
Credit bureaus can address identity theft by advancing the robustness of their security processes and abandoning outdated systems that rely on our personal information, writes Jason Brvenik, Chief Technology Officer for NSS Labs.
PYMNTS
OCTOBER 3, 2017
The U.S. isn’t the only place where business email scams are threatening the enterprise. New research from RSM, which provides consulting services to middle-market firms, finds that U.K. companies are losing millions of dollars, thanks to what the U.K. market calls “mandate fraud.”. According to news from City A.M. on Monday (Oct. 2), which highlighted RSM’s research, U.K. companies are losing a collective $42.5 million because of mandate fraud, which, like the business email scam, involves a
Payments Source
OCTOBER 3, 2017
Users of Facebook's social image sharing network Instagram are getting more access to one-click purchases directly from the app through new integrations this week with Shopify and Bigcommerce.
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.
358 
Let's personalize your content