Bank Innovation
DECEMBER 19, 2017
EXCLUSIVE — The year of 2017 has been marked with more than a few good and not-so-good trends: but we’ll stick to fintech. Aside from the important events like record-level funding for fintechs across the globe, cryptocurrency mania, Coinbase entering the Unicorn club at a $1.56B valuation in the last quarter, there have been some […].
Chris Skinner
DECEMBER 19, 2017
Back in January, I made 10 predictions for 2017. Let’s see how near or off the mark they were: The FinTech buzz continues, but not in the USA (look East) WRONG. According to KPMG’s Pulse of FinTech report, Q3 2017, I’m wrong. Asia was doing ok but nowhere near as … The post Did my 2017 predictions come true? appeared first on Chris Skinner's blog.
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Bank Innovation
DECEMBER 19, 2017
When it comes to the innovations in finance that will impact the way future organizations are run, artificial intelligence and machine learning is likely to have a larger effect than bitcoin or cryptocurrency, a survey from investor communications company Mediant found. Released December 14, 30% of respondents for Mediant’s Trends in Fintech survey chose AI […].
Payments Dive
DECEMBER 19, 2017
This market report of 2017 gives an overview of the mobile payments landscape in Africa, looking at the digital ecosystems of Nigeria, South Africa, Kenya, Uganda, Ghana, Mozambique, Cote d’Ivoire and Senegal.
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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
DECEMBER 19, 2017
Another cryptocurrency is reaching an all-time high. This morning, the cryptocurrency Litecoin reached $360.93, according to CoinMarketCap. According to a Forbes report, this brings the crypto coin’s year-to-date (YTD) gain above 8,000%. Currently, at 10.45 AM ET, the altcoin LTC dipped a little trading at $349.42, according to CoinMarketCap. It has a market capitalization of […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
DECEMBER 19, 2017
AI is taking over the world. From self-driving cars to personal finance and even AI fitting rooms, it is hard to avoid AI’s looming effect on us all. Artificial Intelligence it is already operating in banking, even if customers don’t recognize it. From chatbots giving budgeting tips to fraud monitoring systems noticing anomalous activity on […].
PYMNTS
DECEMBER 19, 2017
Employee fraud is a monumental issue, especially for small businesses (SMBs) without resources to track every penny workers spend. But that fraud is only part of the problem stemming from a lack of visibility into corporate spend. In addition to employee expenses, another key challenge for companies is the money they spend, and sometimes waste, on subscription services.
Bank Innovation
DECEMBER 19, 2017
Singapore’s central bank urged consumers to act with “extreme caution” when it comes to investing in cryptocurrencies, following several steps taken by the country to regulate or consolidate use of digital tokens such as bitcoin. The Monetary Authority of Singapore, or MAS, said in a statement to Reuters that it “considers the recent surge in […].
Payments Dive
DECEMBER 19, 2017
Across age groups, UK consumers demonstrate extremely high confidence in online shopping.
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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
DECEMBER 19, 2017
Insurtech Lemonade has raised $120 million in new funding for its mobile insurance platform, led by Japanese technology investment firm Softbank, the startup announced today. Lemonade, which provides home and renters insurances to users via mobile, will use the money to create new coverage products in 2018 as well as international expansion, according to the […].
PYMNTS
DECEMBER 19, 2017
A European Union court is slated to decide later this week if ridesharing firm Uber is a digital company or one that provides transport services. According to a report in Reuters, a ruling in the case is expected Wednesday (Dec. 20). If the court decides Uber is a transportation company, that decision should not have an immediate impact on the company’s operations.
Payments Dive
DECEMBER 19, 2017
Mobile Payments Today takes a look at the top blog posts in 2017.
PYMNTS
DECEMBER 19, 2017
Cryptocurrency holding company Integrated Ventures wants to disrupt the lending industry with blockchain. The company announced news on Monday (Dec. 18) of the launch of CryptoFunder, a blockchain platform that provides lenders with a way to store and manage lending information. “The CryptoFunder blockchain will be focused on qualifying, initiating, underwriting and processing funding transactions, including tracking … digitally mined assets and using them as [a] main mode of payment for
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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.
Gonzobanker
DECEMBER 19, 2017
2017. One word can summarize this action-packed banking year, GonzoBankers – tiring. This year brought us: Mergers out the yin-yang. Heavy core conversions weighing us down. FinTech threats and distractions. Payments chaos. Heavy-handed regulators. Endless CRM and data management projects that shook our foundations and gutted our PMOs. Well, you can cross the last one off your list, because THE AWARDS ARE HERE.
PYMNTS
DECEMBER 19, 2017
Reports Monday (Dec. 18) said unnamed sources suggest Amazon is planning to invest in alternative lender Capital Float, based in India. According to The Economic Times , three unnamed sources confirmed the news, which separate reports in VCCircle said would likely be a top-up to the $45 million in Series C funding Capital Float raised earlier this year.
Let's Talk Payments
DECEMBER 19, 2017
Despite constituting more than 43% of the workforce, women occupy only 37% of positions from management in Brazil, according to the IBGE Brazilian Institute of Geography and Statistics.
PYMNTS
DECEMBER 19, 2017
Youbit, which operated as a cryptocurrency exchange in South Korea, announced news on Tuesday that it would file for bankruptcy following a hack that stole 17 percent of the company’s crypto “assets.”. The Telegraph reported this morning, via a statement signed by “all employees” at the company, that the company is working to minimize customer losses, with upcoming details on refunds to be provided via “additional notice.”.
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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.
Bobsguide
DECEMBER 19, 2017
As part of our yearly roundup, we're looking back on predictions we made early in 2017 on the blockchain companies set to make a difference. The question is: were we right? What we thought then: Despite qualms over Brexit, the UK still remains the financial hub of Europe and a popular.
PYMNTS
DECEMBER 19, 2017
Longfin , a small startup focused on financial tech, has seen its stock price skyrocket since it started trading last week. According to Fortune , New York-based Longfin started trading on the NASDAQ last week at $5. But after announcing on Friday that it acquired startup Ziddu.com , which uses the blockchain ledger accounting technology from digital currencies to make small loans, Longfin saw its stock price more than quadruple to almost $24 a share.
Payments Source
DECEMBER 19, 2017
Amazon reported that the Amazon Echo Dot was the best-selling item on Amazon on Black Friday, meaning millions of households are likely to be setting up their new Echo on Christmas morning, writes Scott Hess, vice president of user experience, consulting and innovation at Fiserv.
PYMNTS
DECEMBER 19, 2017
Embattled toy and game retailer Toys R Us may close 100 U.S. storefronts following weaker-than-expected holiday sales , Bloomberg reported Monday (Dec. 18). Store sales for the Wayne, New Jersey-based firm have declined 15 percent this holiday shopping season compared to last, and the number of brick-and-mortar toy stores shuttering after the holidays could reach as high as 200.
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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
DECEMBER 19, 2017
The information you need to start your day, from PaymentsSource and around the Web. Today: North Korea may be behind cyrptocurrency hacks; Bitcoin ATMs expand; Indonesia and Australia collaborate on fintech; First Data expands contactless in Asia.
PYMNTS
DECEMBER 19, 2017
With home security firm Ring reporting that nearly one in five homeowners in the U.S. have experienced package theft in the last year, companies like Sacramento, California-based package delivery locker system Luxer One are setting up package delivery systems to prevent porch pirates, CNBC reported Monday (Dec. 18). With the rise in eCommerce and online spending in 2017, most shipping and logistics firms are expecting record delivery numbers, and Adobe Analytics is predicting the first $100 bill
Payments Source
DECEMBER 19, 2017
Bandwidth, sophisticated content and store locators can all help retailers draw and keep consumers as digital shopping and payments become mainstream, writes Herman Yau, CEO of Tend.
PYMNTS
DECEMBER 19, 2017
Following a $13 million Series A venture capital round this year, international payments company Airwallex has announced more funding. The firm said it added $6 million to the Series A funding, bringing the total raised this round to $19 million, according to news from Dynamic Business. Square Peg led the investment for the Australian company. Last month, Airwallex made its debut on the FinTech 100 list consolidated by KPMG and H2 Ventures.
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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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