Payments Dive
NOVEMBER 10, 2017
Cybercrime presents a serious threat and companies have a lot of work to do to reduce their vulnerability. Fortunately, there are resources available to assist them in the effort.
Bank Innovation
NOVEMBER 10, 2017
EXCLUSIVE—If fintechs want to land a successful partnership with a financial incumbent, understanding the regulatory atmosphere of the industry is crucial, Steve Smith, CEO of Finicity, told Bank Innovation. When it comes to collaboration with FIs, Smith said, showing a willingness to work within, or at the very least a willingness to grasp regulatory principles, […].
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Payments Dive
NOVEMBER 10, 2017
With its focus on premium influencers and its control over a large ecosystem, Apple is in a unique position to effect massive change where others cannot.
Bank Innovation
NOVEMBER 10, 2017
The National Bank of Australia (NAB) will create 600 new technology jobs. This announcement comes just a few weeks after the bank said it was cutting 4,000 jobs. The new job additions will help the bank build its tech presence in order to efficiently compete with the burgeoning fintech industry, NAB said. According to reports, […].
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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
PYMNTS
NOVEMBER 10, 2017
If only shopping weren’t so … shoppy. Sure, eCommerce takes away a lot of the hassle, but sometimes you need that last-minute pair of sunglasses or gloves, and ordering them online just isn’t an option. At least, not until Amazon invests in some beam-me-up magic. Say you just got off an airplane, and the weather is much colder than you expected. You’re traveling, and didn’t pack anything warmer.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
NOVEMBER 10, 2017
Facebook may be gunning to introduce facial recognition software for in-store payments at retail locations, as presaged by a patent application published Thursday (Nov. 9) with the U.S. Patent and Trademark Office. In his filing, patent inventor Stephen Moore Davis noted the plethora of payment methods in place at physical retailers — ranging from credit and debit cards to near-field communication (NFC) offerings — and that they “lack a secure and/or convenient method” through which to authentic
Bank Innovation
NOVEMBER 10, 2017
EXCLUSIVE- Is the prepaid card market saturated? Not quite, based on insights Sue Brown, director of prepaid debit advisory service at Mercator Advisory Group shared with Bank Innovation. “In 2018, we will likely see fewer cards, but an increase in dollar loads,” Brown told Bank Innovation. According to a recent Mercator report authored by Brown, […].
PYMNTS
NOVEMBER 10, 2017
Add Goldman Sachs CEO Lloyd Blankfein to the list of people who aren’t fans of bitcoin. In an interview with CNBC , Blankfein said that “maybe bitcoin is a kind of a bubble,” adding: “I don’t like it. I’m not comfortable with it. I’m kind of an old dog to be absorbing that kind of a new trick.” Last month, Goldman Sachs compared key characteristics of gold and bitcoin, and revealed that when it comes to being assessed on the majority of the key character
Bank Innovation
NOVEMBER 10, 2017
China will move to an open market for financial services, allowing international financial firms to have more access into the country’s economy, Zhu Guangyao, China’s vice finance minister said today. The country’s new open market will remove foreign ownership limits on banks. China will also allow international firms to take majority stakes in other companies, […].
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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
NOVEMBER 10, 2017
For any organization with an attitude of, “It can’t happen to me,” here’s a wakeup call: Corporate fraud is common and on the rise. Earlier this year, researchers at the Association for Financial Professionals found that instances of check fraud and Business Email Compromise scams increased between 2015 and 2017, with fraud originating both within and outside the enterprise.
Let's Talk Payments
NOVEMBER 10, 2017
The LTP Team had the pleasure of speaking with Daniel Peled, a serial entrepreneur and the Founder & CEO of PayKey, a company that enables payments within any social network.
PYMNTS
NOVEMBER 10, 2017
Two weeks before Black Friday, Walmart is already preparing and hoping to get shoppers thinking that way as well. In a Thursday (Nov. 9) announcement, Walmart released news that its U.S. stores would be rolling out color-code in-store sections for various types of goods during the Black Friday crush of shoppers, Reuters reported. The goal of the color-coded Black Friday initiative is to make it easier for customers to visually navigate the store and snap up deals as they become available.
Bobsguide
NOVEMBER 10, 2017
As blockchain business cases are emerging, companies are now looking at issues of data privacy, liability and cross-organisation cooperation. Trade finance and supply chain finance blockchain platforms are proving to be popular, Lata Varghese, Cognizant’s vice president and leader.
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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
NOVEMBER 10, 2017
It wasn’t all bad news when Nordstrom reported its Q3 earnings yesterday. In fact, the embattled retailer turned in a beat on both earnings and revenue. But falling same-store sales and an apparent stall-out at its sales-generating Nordstrom Rack line of stores were enough to worry investors and see Nordstrom’s stock price sink in after-hours trading.
Let's Talk Payments
NOVEMBER 10, 2017
Business lending has traditionally been dominated by institutional players. Over the past several years, however, a gap in SME financing has been taken close to the heart by technology giants.
PYMNTS
NOVEMBER 10, 2017
Regulators in the U.K. are being called on to keep banks competitive on a global basis once they exit the European Union (EU), reported Reuters. According to the news report – citing Catherine McGuinness, the City of London’s financial district’s policy chief – Britain must examine how it will regulate banks, insurance firms and asset management firms after Brexit takes place in March of 2019.
Payments Source
NOVEMBER 10, 2017
The spread of Alexa, Siri, Google Assistant and Samsung's Bixby are changing the way consumers interact with technology. Behind the scenes, artificial intelligence is doing more than ever to handle and protect payments.
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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
NOVEMBER 10, 2017
Uber CEO Dara Khosrowshahi said Thursday (Nov. 9) that the company is targeting 2019 for its initial public offering. Speaking during The New York Times ’ DealBook conference that was covered by TechCrunch , the new CEO of the ride-hailing company disclosed the targeted IPO timeline. In the past, the executive had been vaguer about the plans, saying the company was eyeing an IPO in 18 to 36 months.
Bobsguide
NOVEMBER 10, 2017
Dominic Mac - Global Head of KYC industry Solutions, Thomson Reuters. New Thomson Reuters research into Know Your Customer (KYC) related challenges impacting financial institutions (FIs) and their corporate clients reveals that many of the issues raised by the company’s 2016.
PYMNTS
NOVEMBER 10, 2017
Uber is looking to expand its services and has sent out an email to drivers to find out if they’d be interested in taking on additional on-demand jobs, such as cleaning, moving and food service. According to a Recode news report, the ride-sharing company is looking into the possibility of providing TaskRabbit -like services for consumers and potentially other businesses.
Payments Source
NOVEMBER 10, 2017
The information you need to start your day, from PaymentsSource and around the Web. Today: Visa and Samsung Pay collaboration debuts; PayPal's pool; U.K. football embraces contactless payments; Chinese travelers get more payment options; Carrier billing gets a beachhead in Egypt.
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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
NOVEMBER 10, 2017
Source-to-pay (S2P) company Basware is tackling the issue of manual coding of invoices not linked to purchase orders. The company announced news on Thursday (Nov. 9) that it is deploying a machine learning-based tool to automatically code non-PO invoices. The “smart coding” capability, as Basware described it, identifies where costs should be allocated and accurately codes the invoice.
Payments Source
NOVEMBER 10, 2017
Issuers have access to a treasure trove of helpful data about us, such as our payment habits, investment activities, purchases, writes Sanjay Bhakta, senior director of solutions for Ness Digital Engineering.
PYMNTS
NOVEMBER 10, 2017
For years, personal trainers have relied on old-school equipment like pen, paper and, yes, checks to stay organized, get paid and generally keep their professional lives fit. But just as fitness workers are helping clients shed their spare tires and find newfound flexibility, new disbursement solutions are helping these professionals embrace more modern payment delivery methods and scheduling tools.
Payments Source
NOVEMBER 10, 2017
Coinbase Inc. customers who haven’t reported their cryptocurrency gains to the Internal Revenue Service, beware.
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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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