Sun.Jan 13, 2019

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The new FinTech bank

Chris Skinner

For years, I’ve been wondering why people in business operations couldn’t align their needs with the people delivering technology in the organisation. The CIO would sit outside the business, watching and responding to requests. The requests would get prioritisation and be delivered in sequence over time, sometimes a very long … The post The new FinTech bank appeared first on Chris Skinner's blog.

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Indian eCommerce Sellers To Appeal Ruling In Favor Of Flipkart

PYMNTS

All India Online Vendors Association, a trade group representing online merchants in India, vowed to appeal a ruling by the Competition Commission of India that favored Flipkart , the eCommerce company owned by Walmart. According to a report in Reuters citing the association that speaks for more than 3,500 Internet merchants, the group contended Flipkart was using its leading position to favor some merchants over others.

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The Finanser’s Week: 7th January – 12th January 2019

Chris Skinner

The main blog headlines are … My view of 2019 So, I’ve been summarising other people’s views of the year ahead from a variety of sources, but I also wrote two outline pieces for my friends at The Banker magazine and Jim Marous’s The Financial Brand. Just to finish off my week’s … The post The Finanser’s Week: 7th January – 12th January 2019 appeared first on Chris Skinner's blog.

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Walmart To Beef Up Its IT Staff By 2,000

PYMNTS

Walmart , the world’s biggest retailer, is gearing up to bring on 2,000 technology professionals during 2019 to support its operations in stores and online. Bloomberg , citing comments Walmart CTO Jeremy King made in a Bloomberg TV interview, said the hiring would increase the retailer’s IT staff by more than one fourth. Currently, there are around 7,500 IT experts.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

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The Artificial Intelligence Gap Between Megabanks, Community Banks And Credit Unions

Ron Shevelin

There is a growing gap in AI investment and utilization between large and small banks which will enable the larger ones to garner even more market share away from the smaller ones.

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New York's crypto task force will provide a sorely needed update

Payments Source

New York’s BitLicense regulation, which has resulted in only four license per year, is due for an informed revamping, argues Phil Berg, a lawyer at Otterbourg.

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P97 CEO On The Evolution Of The Connected Commute

PYMNTS

Every weekday 135 million Americans get behind the wheel and drive 51 minutes, round trip, to and from work. That 51 minutes haven’t exactly been considered the most productive time of those commuters’ day. But as the latest PYMNTS Digital Drive report notes, that thinking is becoming past tense. Rather than being trapped alone behind the wheel, consumers are using connected devices to connect to a whole new world ofopportunities.

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To find cashierless tech's ideal market, AiFi goes underground

Payments Source

One of the concerns for no-cashier stores, beyond how well they work, is that they must also be placed in the middle of tech-friendly cities, where retail space comes at a high cost.

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Commerzbank revealed its API Hub

Lars Markull

This week another German bank has revealed their Developer Centre or API Hub in this case. This time it was Commerzbank. As we are approaching the deadline in most European countries to release test APIs in March and the release of production APIs in September this year, we will probably see more and more of these Developer Centres being revealed. Generally, this is a good sign as it is an indicator that banks see PSD2 as a chance to provide a little more to developers than just access to accoun

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The State of Automation in Financial Services 2024 Report

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

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Successful Mission and Purpose Statements

ABA Community Banking

What industry is changing as rapidly as the banking industry? Bank Performance Financial Research Human Resources Feature Management Financial Trends Performance Tech Management Big Data Feature3.

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Major Storm Clouds On The Digital Banking Horizon

The Financial Brand

Digital transformation within the banking industry is occurring much slower than needed to respond to both consumers and competitive threats. The post Major Storm Clouds On The Digital Banking Horizon appeared first on The Financial Brand.

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Credit Card or a Debit Card: Which is Safer?

ABA Community Banking

There are definitely pluses and minuses to both the consumer and the banks in terms of safety and credit Consumer Credit Financial Research Feature Financial Trends Risk Management Security Operational Risk Credit Risk Cyberfraud/ID Theft Feature3 Fintech.

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How Banks and Credit Unions Are Providing Aid During the Government Shutdown

The Financial Brand

From waiving fees and skip-a-pay programs to 0% loans, financial institutions can differentiate their brands and demonstrate they have heart. The post How Banks and Credit Unions Are Providing Aid During the Government Shutdown appeared first on The Financial Brand.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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Changing Morale Without Cash Can Lead to Profit

ABA Community Banking

Oftentimes the problem can come back to the cultural environment within the bank Bank Performance Financial Research Human Resources Feature Management Performance Feature3.

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Things worth reading: 14th January 2019

Chris Skinner

Things we’re reading today include … Digital bank Tandem eyes IPO as customer numbers continue to surge Visa and Mastercard’s Chinese Entry Delayed by Central Bank For the first time since 2006, not a single US bank failed last year Despite years of recovery, Italy’s bank problems are still not … The post Things worth reading: 14th January 2019 appeared first on Chris Skinner's blog.