Payments Dive
NOVEMBER 29, 2018
Veteran payments executive Jason Bohrer says several key consumer trends are pushing us closer to a cashless society, and the financial services industry needs to consider these developments in order to bridge the gap.
Chris Skinner
NOVEMBER 29, 2018
In a final write-up on leadership, there was a fantastic presentation about the lessons DNB had learned in trying to make digital change happen. Solveig Hellebust, Group Executive Vice President for People & Operations at DNB or, as she called it, POP, talked about the five things that make the … The post Five digital transformation lessons appeared first on Chris Skinner's blog.
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Payments Dive
NOVEMBER 29, 2018
When poor households have access to the digital economy through mobile money technology, they have the key to ending their poverty.
Chris Skinner
NOVEMBER 29, 2018
Things we’re reading today include … Deutsche Bank — 20 years after the deal that sealed its fate Deutsche Bank offices raided in connection with Panama Papers SocGen uses ‘digital speed-dating’ to win over investors China: trade deal possible at G20 if US is ‘fair minded’ Guns for sale: Now … The post Things worth reading: 30th November 2018 appeared first on Chris Skinner's blog.
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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 Dive
NOVEMBER 29, 2018
Veteran payments executive Jason Bohrer says several key consumer trends are pushing us closer to a cashless society, and the financial services industry needs to consider these developments in order to bridge the gap.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
NOVEMBER 29, 2018
Thanachart Bank is strengthening the POS services it provides to its merchants and their 30,000 terminals with TNS' managed dial service, Secure Internet Gateway and Global Wireless Access solutions. This case study details the reliable, high bandwidth service which can carry a large volume of transactions.
PYMNTS
NOVEMBER 29, 2018
Investment in Intelligence of Things (IoT) is expected to surge in the coming years, with companies projected to increase spending on the design, creation and operation of IoT solutions from $186.1 billion in 2017 to a grand total of $434.9 billion by 2023. What’s more, recently released studies have shown that employees are becoming less wary of their companies’ IoT plans, which could fuel growth, while service providers are also encouraging companies to engage in new IoT solutions.
Insights on Business
NOVEMBER 29, 2018
Now, more than ever, banks must be smarter and faster. Operational innovation is vital in a highly competitive financial services sector, with a new community of digital banks and other firms vying for market share. CFOs in financial organizations are not taking this challenge lightly. In 2016, the IBM Institute for Business Value teamed up with the Economist Intelligence Unit to interview global bankers.
PYMNTS
NOVEMBER 29, 2018
Alternative Airlines, a website that allows customers to search for airline flights, and Amazon Pay, which allows people to pay using their Amazon payment information, have teamed up to provide a new payment option, according to a press release by the airline search company. Rather than entering new payment information – including address and card details – users can easily enter Amazon account login info.
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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
NOVEMBER 29, 2018
Installment plans have helped shoppers afford large purchases since the late 19th century and are still available for pricey items like cars and smartphones. But to delay payment for a T-shirt and a couple pairs of jeans, you needed a credit card. Now several fintech startups are putting smaller purchases on installment, too.
PYMNTS
NOVEMBER 29, 2018
As evidence that sandboxes are ever-increasingly a global phenomenon, Kuwait’s central bank put forth guidelines this week that are geared toward companies seeking to meld financial technology (FinTech) and financial services (FinServ). The sandbox, Reuters reported, has four phases. The newswire said representatives from local banks will sign on with a task force from the central bank, which will assess the financial products and services that are being proposed.
Payments Source
NOVEMBER 29, 2018
As the concept of Smart Cities — urban settings undergoing a digital transformation through "internet of things" technology and connected platforms — evolves, so too will the concept of making a payment.
PYMNTS
NOVEMBER 29, 2018
India-based digital payments service Paytm said it wants to take over the Japanese mobile payment market , according to a recent report. The move, according to Founder Vijay Shekhar Sharma, would be a step toward the company’s eventual goal of one day making it to the United States. The sentiments were shared by Sharma at the TiE Global Summit, held this year in New Delhi. “Dominance in Japan is very important,” he said.
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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.
Payments Source
NOVEMBER 29, 2018
Any future machine-to-machine environment calling for communication and transactions will surely include a consumer's option to make payments through such a network. That turns any home or business into its own complex network of devices, routers, sensors, passwords, communication coding and private credentials.
PYMNTS
NOVEMBER 29, 2018
Amazon Web Services (AWS) is rolling out two new solutions designed to enhance the transparency of corporate transactions for companies that have full audit requirements. An announcement Wednesday (November 28) said AWS is launching Amazon Quantum Ledger Database, as well as Amazon Managed Blockchain – solutions that Amazon Web Services CEO Andy Jassy said are “something that a lot of companies need.” He spoke at the firm’s re:Invest conference on Wednesday, when the prod
Payments Source
NOVEMBER 29, 2018
The Amazon effect and rules such as PSD2 and GDPR are threatening technology laggards in traditional financial services, contends Stephen Menon, vice president of product at Finn AI.
PYMNTS
NOVEMBER 29, 2018
Qualcomm, a wireless technology company based in San Diego, has launched the Qualcomm Ventures AI Fund, with a plan to invest up to $100 million in AI startups, according to a press release. The focus will be on companies developing on-device artificial intelligence (AI), where the machine learning takes place on the device and not on the cloud, to soften privacy concerns.
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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.
Matt Wilcox Pro
NOVEMBER 29, 2018
Astute readers may be aware that the digital payments industry has become a thing. And no wonder. It’s fast. You don’t have to carry around a wallet full of cards or cash. You can pay bills without leaving home, even without getting out of bed, if you want. You avoid nasty germs that like to ride around on [.
PYMNTS
NOVEMBER 29, 2018
Despite any possible reservations early on, large financial institutions (FIs) now appear to be going all in on Open Banking, with plans to introduce new revenue streams as a a result. Key to their Open Banking plans are their corporate clients, according to new research from Accenture , which surveyed more than 750 executives across global banks, large corporations, and small- to medium-sized businesses (SMBs).
Payments Source
NOVEMBER 29, 2018
Phishing is a serious and growing problem in the financial services and payments industries, creating pressure to come up with advanced detection techniques, according to Adrien Gendre, chief solutions architect for Vade Secure.
PYMNTS
NOVEMBER 29, 2018
The allure of blockchain was its potential to be a catch-all solution, but as innovators take a more practical approach to introducing the technology to the real world, its true opportunity may lie in addressing highly specialized, unique points of friction. In finance, that could mean introducing smart contracting capabilities in global trade, or the ability to facilitate cross-border payments via crypto-to-fiat currency exchanges.
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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 29, 2018
The son of late billionaire George Lindemann, who made a fortune in cable television and gas pipelines, is hosting a conference next week during Art Basel Miami Beach to explore how the blockchain, his latest obsession, can transform the art world.
PYMNTS
NOVEMBER 29, 2018
Does Sears have a shot at new life? According to a report from Bloomberg , “Cyrus Capital Partners and a hedge fund run by Sears Chairman Eddie Lampert are preparing a potential joint takeover bid that would keep the bankrupt chain alive.” The report, based on comments from unnamed sources, said that “the prospective suitors may offer to swap debt that they hold for ownership of the stores in a so-called credit bid.”.
ATM Marketplace
NOVEMBER 29, 2018
Once again, time is running down on a Microsoft Windows upgrade, this one with a deadline of Jan. 14, 2020. NCR Corp. is already working with customers to make the transition as smooth and efficient as possible — and to make the most of the new ATM functionalities Windows 10 supports.
PYMNTS
NOVEMBER 29, 2018
Dunkin’, the operator of Dunkin’ Donuts franchises, is alerting DD Perks rewards program account holders that its profiles and data may have been accessed by a hacker in October. ZDNet , citing the company, reported Dunkin’ wasn’t the victim of a breach — but that it was the victim of credential stuffing attack, which is an automated attack. “Third-parties who obtained DD Perks account holders’ usernames and passwords through other companies’ or organizations’ security breaches may have u
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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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