Chris Skinner
JUNE 25, 2019
I encounter lots of banter about platforms, marketplaces and ecosystems, and do wonder in the flippant way people use them interchangeably whether they really understand what they are talking about. I’m sure many do but I’m also sure some people throw them into the conversation like a buzzword bingo game. … The post Platform, marketplace, ecosystem … buzzword bingo!
Payments Dive
JUNE 25, 2019
Mobile identity is becoming a more complex undertaking as fraudsters use evolving tactics to compromise smartphone security.
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Chris Skinner
JUNE 25, 2019
Things we’re reading today include … Monzo now valued at more than £2 billion The new left economics: how a network of thinkers is transforming capitalism The FCA – a watchdog too nice and chummy to bark or bite Facebook’s Libra cryptocurrency faces questions from international regulators Flawed rules contributed … The post Things worth reading: 26th June 2019 appeared first on Chris Skinner's blog.
Bank Innovation
JUNE 25, 2019
Citibank is hoping instant cash back rewards at checkout will encourage more card use and grow customer affinity with the brand. In July, the bank is enabling instant reward redemption capability at checkouts from both Android and iOS devices, for both online and physical store transactions. The feature is made possible through a partnership with […].
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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
JUNE 25, 2019
In digital commerce, promise and peril co-exist. Payments fraud is continuously moving from offline settings into the online realm. To that end, Visa said this morning (June 25) that it has inked a deal to buy the token services and ticketing business of chipmaker Rambus. The assets acquired were formerly known as Bell ID and Ecebs Ltd. Financial terms were not disclosed.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
JUNE 25, 2019
Facebook is still legally on the hook for a September data breach that affected 30 million of their customers. Hackers were reportedly able to exploit several software failings in order to obtain login access to consumer accounts. Facebook had moved to have the case dismissed — but a federal appeals judge has shot down that argument, saying the case against Facebook for negligence and for failing to secure users’ data will proceed.
Bank Innovation
JUNE 25, 2019
Against the tide of dropping ATM numbers globally as customer use cash less often, Diebold Nixdorf is adding capabilities to its ATM machines to encourage adoption. The goal is to provide customers with a comprehensive service offering including deposits, bill payments, the ability to interact with mobile devices and other tasks customers would go to […].
PYMNTS
JUNE 25, 2019
Through a long-term vision to take on the desire of users to window shop and amp up retail, Instagram Head Adam Mosseri seeks to “connect the dots thoughtfully” between sellers, shoppers and “influencers” on the app. The idea is to “unlock” value by rolling out features like “native checkout,” the Financial Times reported. The shopping effort, however, is a longer-term plan and would need infrastructure.
Insights on Business
JUNE 25, 2019
Has your company recently invested in a sales performance management (SPM) solution? If so, you are likely feeling a mix of relief and anticipation at achieving this milestone. And after the long hours evaluating potential vendors, reviewing proofs of concept and selecting the SPM system that is well suited to your needs, you may feel that you and your team can finally throttle back.
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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
JUNE 25, 2019
The House Financial Services Committee has scheduled hearings about the proposed merger between BB&T and SunTrust Banks, as well as the Facebook-planned cryptocurrency Libra. According to American Banker , the committee will meet July 17 to examine Facebook’s proposed cryptocurrency and its impact on consumers, investors, and the U.S. financial system.
BankBazaar
JUNE 25, 2019
Enjoy watching Virat Kohli bat? Turns out you can not only learn great cricket technique from the Indian skipper but also take away lessons from his batting that will help you with your investments. . Virat Kohli is possibly the best batsman in the cricketing world today. His statistics speak for themselves and his dedication is seen and felt every moment he’s on the pitch.
PYMNTS
JUNE 25, 2019
All the world’s a marketplace. Apologies to the Bard — and some of our high school English teachers — for tweaking that famous line. Yet, when one views the global digital economy and landscape, it’s easy to think that the whole world of retail is, indeed, moving toward a future that will be defined by online marketplaces. Sure, eBay led the charge, and Amazon now dominates, but retailers and service providers of all types are building their own marketplaces — an effort that is also bringing pro
Payments Source
JUNE 25, 2019
The pressure on banks, financial institutions and payment service providers to act as effective gatekeepers in the fight against financial crime is intense. Real-time payments considerably complicates that challenge, writes Sophie Lagouanelle, head of solutions at Accuity.
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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
JUNE 25, 2019
Call it the $3.1 trillion problem — or the $3.1 trillion gridlock. As reported by PYMNTS just last month, in collaboration with Fundbox via The Trade Credit Dilemma Report , as much as $3.1 trillion net is owed in accounts receivable for U.S. firms across any given day. It’s inefficient at best, a growth killer at worst. In one pact aimed at tapping into those trillions, Fundbox said on Tuesday morning (June 25) that it has been selected by B2B eCommerce software provider OroCommerce to provide
Payments Source
JUNE 25, 2019
Researchers found that stolen payment data has been used to finance terrorism, human trafficking and other organized crime. Their conclusion that card fraud needs to be taken more seriously by banks and card networks drew pushback from the financial industry.
PYMNTS
JUNE 25, 2019
Bank of America (BofA) announced on Tuesday (June 25) that it’s launching a digital debit card, according to a release by the company. It’s also making other additions to its banking app to help customers handle their finances while they’re on the move. “This digital debit card has the same protections and benefits of a physical debit card and is immediately available to use in the mobile app.
Payments Source
JUNE 25, 2019
Visa has agreed to acquire token services and digital ticketing technology from Rambus Inc. in a move the card brand says will expand its tokenization security beyond Visa cards into other networks.
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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
JUNE 25, 2019
JPMorgan plans to test its proposed cryptocurrency, the JPM Coin, by the end of the year, according to reports. Umar Farooq, the head of digital treasury services and blockchain at the company, said the firm will run a pilot of the coin with select customers near the end of 2019, if regulators allow it. Since revealing plans for the coin in the middle of February, the bank has seen interest from customers all around the world.
Payments Source
JUNE 25, 2019
The information you need to start your day, from PaymentsSource and around the Web. Today: RBC adds business pay tracker; 7-Eleven upgrades deliveries; U.K. open banking fintech adds to its network; U.S. Bank pushes health care payment automation.
PYMNTS
JUNE 25, 2019
Paper throws a wrench in accounts receivable processes for many companies. Logistics, however, often faces a few extra challenges when companies like warehouses and trucking firms accept payments. Those transactions often occur on the fly, placing the burden of real-time invoicing and payment on businesses that lack the systems to support such real-time transactions.
Payments Source
JUNE 25, 2019
By creating a close tie between digital debit cards and the major third-party mobile wallets, Bank of America is doing something few banks are — and expecting a payoff in broader use of digital financial services and “top of wallet” spending.
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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
JUNE 25, 2019
Automation comes to almost every sector of business, sparking visions (and perhaps fears) of robots sweeping floors, flipping burgers and maintaining inventory in the stock room. However, automated retail is shaded with nuance beyond the confines of science fiction and futurism. The aim is for retailers to become more efficient and responsive to consumers’ needs in real time, allowing them to bring the eCommerce speed of bits and clicks to the world of mortar and bricks.
Payments Source
JUNE 25, 2019
Citigroup will be the first major issuer to use Mastercard technology to give U.S. credit card holders the ability to instantly redeem points on eligible purchases online and through a mobile app.
PYMNTS
JUNE 25, 2019
Supply chain volatility is a difficult nut to crack, due to a host of risks that can be (or at least appear to be) out of a company’s control. Natural disasters and sudden corporate collapses, for example, can cause disruptive (and destructive) ripple effects down the supply chain. Global markets today are in an era of immense geopolitical volatility that has heightened anxieties about how companies will manage their supply chains, with even the largest global conglomerates feeling the hea
ABA Community Banking
JUNE 25, 2019
How digital voice technology helps banks large and small improve efficiency, reduce fraud and enhance the customer experience. The post Can You Hear Me Now? appeared first on ABA Banking Journal.
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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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