Bank Innovation
NOVEMBER 7, 2017
EXCLUSIVE- With mobile banking, artificial intelligence, cryptocurrency, and other modern banking tools on the rise, the emergence of new players in the fintech space is a daily occurrence With that in mind, here are five startups to keep an eye on this week: Templum ICOs, or Initial Coin Offerings, are growing more and more popular […].
Chris Skinner
NOVEMBER 7, 2017
Why are most bank brands just acronyms? I know it’s a silly question, as banks are acronyms because who wants to say John Pierpont Morgan Chase when it’s easier just to say JPM, but it is endemic to banking that banks are acronyms. I was just writing down a few: … The post Most bank names are meaningless appeared first on Chris Skinner's blog.
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Bank Innovation
NOVEMBER 7, 2017
EXCLUSIVE – Business software provider Intuit today launched its first loan product through QuickBooks called QuickBooks Capital. Users will be able to access the product in the homepage of their existing accounts with QuickBooks. These products are short term working capital loans ranging from $5,000 to $35,000 over a period of three to six months. […].
Payments Dive
NOVEMBER 7, 2017
The two companies announced a collaborative partnership at Money20/20 to help merchants get a handle on how they can present the best customer experience going forward as consumers' behaviors and expectations continue to evolve thanks to emerging technology.
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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
Bank Innovation
NOVEMBER 7, 2017
Social media mogul company Facebook has launched P2P payments through Facebook Messenger in the U.K. today. The U.K. is the next market to have the service, after Facebook first launched the payments feature in the U.S. in 2015. According to reports, all major banks in the U.K. are taking part in the service. To use […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
NOVEMBER 7, 2017
Money management app Yolt has integrated with Starling Bank, its first fully digital bank partner. By integrating with Starling Bank, Starling customers can now view their Starling account and transaction details in the Yolt app, alongside details with all their other bank accounts. Backed by ING, the Amsterdam-based Yolt was founded in 2016. It is […].
Chris Skinner
NOVEMBER 7, 2017
Things we’re reading today include … This Bank CEO Is Learning to Code Reserve Bank of India Possible Ban on Cryptocurrencies ‘We lost £300,000 through payment scam’ Revolut applies for European banking licence ahead of Brexit Wall Street banks share Brexit fears and warn UK jobs could move overseas – … The post Things worth reading: 8th November 2017 appeared first on Chris Skinner's blog.
Bank Innovation
NOVEMBER 7, 2017
Wells Fargo is going after first-time millennial investors with its new hybrid roboadvisor, Intuitive Investor. The product, which will be launched in February 2018 according to the bank, was designed with a hybrid approach. While the investment account is digital, with access to investment strategies from the Wells Fargo Investment Institute, users also have the […].
PYMNTS
NOVEMBER 7, 2017
Those who are fortunate enough to have access to credit often take it for granted. Imagine if your car broke down, your child needed school supplies or your father passed away and you couldn’t afford the funeral, but banks didn’t want to work with you because you either had bad credit or none at all. What would you do? Many would turn to family or friends for an informal loan, while others would be too proud to do so.
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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
Bank Innovation
NOVEMBER 7, 2017
British challenger bank Monzo has raised $93 million, or £71 million pounds, in new funding for further investment into its mobile-only banking services. This latest funding places the startup’s valuation at about £280 million pounds. The goal of the funding round is to make the bank “contribution margin positive,” Tom Blomfield, co-founder and CEO for […].
PYMNTS
NOVEMBER 7, 2017
Citi’s Treasury and Trade Solutions is bringing its accounts receivable (AR) Payer ID solution to more markets around the globe. The financial institution (FI) announced news on Monday (Nov. 6) that Payer ID is now available in 44 countries, as Citi brings the B2B payments tool across North America and Western Europe. The accounts receivable solution enables companies to gain visibility into incoming payments for greater working capital management, Citi explained.
Payments Source
NOVEMBER 7, 2017
A smart contract for advertising delivery and payments can be subjected to additional layers of verification and enforcement by optional service providers on the network, such as the measurement provider, ratings provider, payment provider and arbitrator, writes Charles Manning, founder and CEO of Kochava.
PYMNTS
NOVEMBER 7, 2017
Wells Fargo said Monday (Nov. 6) that it had forged agreements with two firms to help reconfigure the data exchange models that exist to share customer information with third-party services. As noted in a press release, Wells Fargo has partnered with PointServ and Expensify, which operate in the mortgage and business expense reporting spaces, respectively.
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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.
Let's Talk Payments
NOVEMBER 7, 2017
Certain Asian markets – Singapore, China, and Australia, in particular – are known to be ahead of the world in various aspects. Time and again, forward-thinking authorities and institutions are.
PYMNTS
NOVEMBER 7, 2017
When it comes to employee spend management, innovations often circle around the business trip, tackling challenges like a lack of visibility and control over how employees spend corporate money while away from the office. It’s this environment that has given rise to the virtual card as one of the most promising payment technologies for corporates.
Let's Talk Payments
NOVEMBER 7, 2017
Singapore’s FinTech is on the way to global leadership Singapore is one of the gems of the global financial services industry ecosystem with ~200 banks with total assets of $2.
PYMNTS
NOVEMBER 7, 2017
With the cybersecurity threat constantly looming and, in many instances, growing for corporations, a new report from Kaspersky Lab suggests businesses shouldn’t necessarily rely on their IT departments to safeguard their firms. That’s because many IT security professionals themselves are at a loss for how to protect the enterprise against targeted cyberattacks, researchers concluded in Kaspersky’s “ New Threats, New Mindset: Being Risk Ready in a World of Complex Attacks ,” released last week.
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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.
Payments Source
NOVEMBER 7, 2017
As blockchain becomes increasingly popular, heightened levels of data protection and customer awareness of its use become a reality, writes Abhishek Pitti, CEO of Nucleus Vision.
PYMNTS
NOVEMBER 7, 2017
U.K. suppliers could lose a lot of business from their EU corporate clients, according to a new survey by the Chartered Institute of Procurement & Supply (CIPS). As reported in The New York Times on Monday (Nov. 6), the CIPS survey found that 63 percent of non-British EU companies say they plan to remove at least part of their supply chains from the U.K.
Let's Talk Payments
NOVEMBER 7, 2017
SecurionPay extends services to forex and partners with XTB X-Trade Brokers Brokerage House, a world leader in FX and CFD trading publicly listed on the Warsaw Stock Exchange, has teamed.
PYMNTS
NOVEMBER 7, 2017
In payments, the readiness is all, to quote Shakespeare. For large financial institutions, the readiness … requires some readiness. In the latest Data Drivers, PYMNTS’ Karen Webster spoke with Marc Winitz, CMO of i2c, to get a sense of how fierce competition is in financial services. As evidenced by the Bank Innovation Readiness Index , done in collaboration between the two firms, more than 200 banks and financial institutions are in varying stages of preparedness when it comes to payments innov
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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.
Payments Source
NOVEMBER 7, 2017
For much of the last decade, credit card companies and issuers have fine-tuned security to the point where if any suspicious activity occurs on a cardholder account, that cardholder will receive an alert. That same sort of transaction and behavioral analytics is starting to come into other business sectors and walks of life.
PYMNTS
NOVEMBER 7, 2017
No one likes getting a check. No one. And we have the data to prove it. When ranked against all other possible methods of getting payments, the recently launched PYMNTS Disbursement Satisfaction Index™ ranks checks dead last, with a satisfaction score of 4.4 out of 100 possible points by the more than 3,000 consumers we asked. It’s not zero, but it’s pretty darn close.
Bobsguide
NOVEMBER 7, 2017
PSD2 heralds a new dawn for mobile payments, as the regulatory technical standards around the upcoming European open banking regulations are expected to put mobile devices at the heart of new payment techniques. Strong customer authentication required by PSD2 is key as well as initiating, and.
PYMNTS
NOVEMBER 7, 2017
Though Walmart’s mobile wallet, Walmart Pay, has not quite gotten the same level of coverage as its rivals in the field, particularly Apple Pay, it seems possible the QR code-based payment platform might be set to quietly nudge Apple from its top spot on the list, according to reports in Bloomberg published Tuesday (Nov. 7). Now online in 4,774 stores nationwide, Walmart Pay is currently enrolling “tens of thousands of new users a day,” according to Walmart’s senior vice president of
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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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