Abrigo
DECEMBER 17, 2019
Key Takeaways Holiday sales, including Black Friday and Cyber Monday, are aggressively promoted by criminal sellers on the Dark Web seeking to grow sales and customers. The expected outcome of greater inventory at a lower cost, as we have seen in prior years, is an increase in fraud activity and cyberattacks heading into the end of the calendar year.
Chris Skinner
DECEMBER 17, 2019
I write about a lot of things. Around three-quarters is focused on finance and technology, but the rest meanders around life, taxes, government, the economy, global trade, regulatory matters and more. All of these latter areas can probably be summed up right now as: INTERNET ANGER No, I’m not angry … The post Big Government versus Big Tech appeared first on Chris Skinner's blog.
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Payments Dive
DECEMBER 17, 2019
Despite the plethora of payment choices we have today, many of us are still using our debit cards. Carol Specogna, Fiserv's VP of card services, gives an overview of the market and talks about new technologies that FIs can leverage to boost their debit card revenue.
Chris Skinner
DECEMBER 17, 2019
Things we’re reading today include … Deutsche Bank Considers Cutting Bonus Pool by as Much as 20% UBS/the wealthy: Khan-do spirit Another Credit Suisse senior manager was followed: NZZ Duty of care should protect elderly from online fraud, trust warns ‘Gutsy’ Scot in line to be first female boss of … The post Things worth reading: 18th December 2019 appeared first on Chris Skinner's blog.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Bank Innovation
DECEMBER 17, 2019
Matt Oppenheimer, CEO and co-founder of Remitly, will speak at Bank Innovation Ignite on March 2-3 in Seattle on a panel titled “Embedded finance: The automation of everything financial.” It will focus on bringing together divergent products, the role of humans and the effects of automation. Before Remitly, Oppenheimer spent nearly two years at Barclays, […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
DECEMBER 17, 2019
PayPal this month filed a lawsuit against the Consumer Financial Protection Bureau (CFPB) regarding fee disclosure requirements, arguing that the requirements of the CFPB’s Prepaid Rule would hurt its business and confuse customers. “PayPal supports the mission of the CFPB and regulations that empower consumers to make informed financial decisions,” a PayPal spokesperson told Bank […].
PYMNTS
DECEMBER 17, 2019
Texas might be known for its BBQ, chicken-fried steak or chili, but food innovators in the Lone Star State are making their mark with meat-free products inspired by the local culinary landscape. All Y’alls Foods , in one case, takes the traditionally animal-based jerky product and creates it with plant-based foods instead. Brett Christoffel started the company based on his passion and love for animals.
Bank Innovation
DECEMBER 17, 2019
Core banking providers FIS and Fiserv face pressure from banks’ growing in-house tech investments as well as fintech competition, Morgan Stanley reported in a research note this week. The study argued that FIS and Fiserv continue to be good businesses, with FIS historically serving clients with more than $1 billion in assets and Fiserv catering […].
PYMNTS
DECEMBER 17, 2019
One of the biggest tests for FinTech in the coming years is how well it can serve businesses that don’t have easy or efficient access to credit. That test is playing out in Brazil, the largest country in South America, and one of the largest emerging economies in the world. Artificial intelligence (AI) and blockchain technology can boost the odds in favor of those credit-seeking businesses.
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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
Payments Source
DECEMBER 17, 2019
Traditional acquirers are under severe pressure from the digital payments revolution, challenged to hold onto clients by stitching together legacy systems, existing hardware, mobile, cloud and apps. Those that can harness innovation and find the right startup partners can not only stave off elimination, but drive the next generation of multi-channel shopping and transaction revenue.
PYMNTS
DECEMBER 17, 2019
Thanks to better data analysis — including via machine learning and artificial intelligence, among other emerging technologies — personalization is becoming a bigger part of the overall consumer experience. That trend promises to get even bigger in 2020. As well, more personalization seems likely to come to the business-to-business (B2B) side of the equation.
Payments Source
DECEMBER 17, 2019
Gift cards will be the most-requested item this holiday season again, and for the first time, one in three U.S. consumers buying gift cards will opt for digital versions, opening new possibilities for merchants that are anxious to counter Amazon's influence and improve user experience for stored value.
PYMNTS
DECEMBER 17, 2019
The combination of smartphones and apps have changed how consumers shop and pay over the past decade. But in many ways, the 2010s were the warmup act for the transformation yet to come. Seven trendlines will influence the direction of the new decade, including the rapid acceleration of cash to digital payments, the rise of on-call commerce and the global game-changer of voice.
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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
Payments Source
DECEMBER 17, 2019
Mastercard offers digital gift card in Europe; Payment crooks hit New Orleans and Facebook; and other information you need to start your day, from PaymentsSource and around the web.
PYMNTS
DECEMBER 17, 2019
Thanks to better data analysis — including via machine learning and artificial intelligence, among other emerging technologies — personalization is becoming a bigger part of the overall consumer experience. That trend promises to get even bigger in 2020. As well, more personalization seems likely to come to the business-to-business (B2B) side of the equation.
CB Insights
DECEMBER 17, 2019
The past few decades have seen unprecedented levels of innovation, especially in what Peter Thiel calls the world of “bits,” or software, internet, and mobile technology. According to Thiel, however, there’s a sense that the tech space “could be doing so much more,” especially in what he calls the world of “atoms” or efforts to create things like new forms of energy, medicine, and transport — spaces that tend to be costly and challenging to tackle, but a
PYMNTS
DECEMBER 17, 2019
The Federal Trade Commission (FTC) is refunding over $2.6 million to small businesses that were scammed by A-1 Janitorial, a New York-based office supply company, the FTC said in a press release on Tuesday (Dec. 17). The FTC is mailing 30,374 checks averaging $86 each to victims of the alleged scheme. The refunds are the result of the FTC’s 2017 suit against A-1 Janitorial.
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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.
BankBazaar
DECEMBER 17, 2019
When your child reaches the milestone age of 18 years, there are a number of financial responsibilities that you will need to help them take on. Let’s take a look. Turning 18 is a milestone not just for your kid but also for you as a parent when you learn to start letting go and prepare your child for their transition as an adult. Your child who was dependent on you for their financial, emotional and mental well-being will now have to learn to start taking responsibility for their own actions.
PYMNTS
DECEMBER 17, 2019
Apple ’s wearables are poised for strong growth over the next four years, according to the International Data Corporation (IDC). The market intelligence firm said the worldwide “earwear” market is forecasted to reach 139.4 million units in 2019, and nearly double to 273.7 million units in 2023. The innovative technology giant continues to dominate the wearables industry with its AirPods, Beats headphones and Apple Watch offerings.
Jeff For Banks
DECEMBER 17, 2019
It happened. A client, a bank I owned shares in, and one that I admired announced they were selling to a nearby financial institution. In June, Stewardship Financial Corporation, and their banking subsidiary, Atlantic Stewardship Bank (ASB) announced their sale to Columbia Financial Inc. (MHC) and their banking subsidiary, Columbia Bank. It's not that I'm selfish about losing a client.
PYMNTS
DECEMBER 17, 2019
Before it brings advanced self-driving features to cars intended for personal use, Toyota Motor Corp plans to deploy them in commercial vehicles first. Toyota Research Institute-Advanced Development (TRI-AD) Chief James Kuffner said it will be easier to apply tech that doesn’t need direct, constant human monitoring to taxis and vehicles the firm is working on with the inclusion of mobile shops, Reuters reported.
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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.
Banking Exchange
DECEMBER 17, 2019
Housing starts grew to almost 1.4 million units, more than 3% Mortgage Credit The Economy Mortgage Mortgage Compliance Mortgage/CRE Feature Financial Trends Feature3.
PYMNTS
DECEMBER 17, 2019
Running a small business is not for the faint of heart — or the deeply optimistic. The numbers, as offered by the U.S. Bureau of Labor Statistics, are not encouraging. About 20 percent of small to medium-sized businesses (SMBs) have failed by the end of their first year. That figure has grown to almost one-third by the end of the second year, and is a 50-50 coin flip by the end of the fifth.
ATM Marketplace
DECEMBER 17, 2019
As a rising number of consumers use digital payments to conduct ecommerce transactions, businesses need to make sure their mobile apps are secure. Customer identity and payment information is increasingly at risk as fraud actors find new ways to compromise mobile platforms.
PYMNTS
DECEMBER 17, 2019
Accenture , a professional services firm, and TradeIX, a blockchain startup in global trade finance, have teamed up to become an onboarding partner for the Marco Polo Network , according to reports. Accenture Ventures also made an undisclosed investment in TradeIX, and the company will help the blockchain startup to create new cases that go beyond mere banking for sellers and buyers within the sphere of trade finance. .
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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.
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