Sun.Jan 20, 2019

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Digital transformation needs a burning platform

Chris Skinner

Ever since I started working in business process re-engineering and transformation a while ago, before most millennials were born I should say, I learnt a lesson early on. Transformation will never work without a crisis point. You cannot make the whole company change if profits are good, objectives are being … The post Digital transformation needs a burning platform appeared first on Chris Skinner's blog.

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Bitcoin Daily: Bitcoin Kiosks At The Supermarket, tZERO To Launch Next Week

PYMNTS

Indonesian ride-hailing company Go-Jek is acquiring a “substantial” number of shares in Philippine-based blockchain services platform Coins.ph. While the details of the transaction were not revealed, it was reported that there will be no impact to Coins.ph customers and that its team “will continue in their existing roles,” according to CoinGeek. “Supporting the success of a local FinTech entrepreneurial champion like Coins.ph, with a similar ambition to empower society through innovation and te

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Things worth reading: 21st January 2019

Chris Skinner

Things we’re reading today include … Data dependent? Five questions for the ECB One thing to be grateful to Brexit for: Britons are buying less on credit China should boost banks’ active support for economy: central bank official Shareholders received record dividends of almost £100bn in 2018 Pawnshops and payday … The post Things worth reading: 21st January 2019 appeared first on Chris Skinner's blog.

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Lime, Bird Raise Money At Lower Valuations

PYMNTS

Lime and Bird , the two electric scooter startups that raised hundreds of millions of dollars in funding in 2018, are aiming to raise more but at a lower valuation. Bloomberg , citing multiple people familiar with the details, reported the two companies are looking to raise hundreds of millions of dollars more at about a valuation of $2 billion. That is under the $3 billion or higher valuations they were fetching in years past.

Industry 156
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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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An Amazon Checking Account Could Displace $100 Billion In Bank Deposits (But It Won't)

Ron Shevelin

Consumers are more interested in a fee-based checking account (bundled with other services) from Amazon than a free checking account from the company.

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Nairobi Riverside Terror Attack

Bankelele

Here are some noteworthy moments covered on Twitter. The calm shatters. First documentary video of the attack by journalist John Allan Namu. Some early advice. Breaking news advice. This is a Twitter thread, but Facebook has more reach in a crisis. Volunteer first responders. Pleas for help. Mistaken identity. Victims Survivors and Survival Tales […].

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Two Snap Executives Leaving Over Inappropriate Behavior With A Contractor

PYMNTS

Two senior executives recently left Snap , the maker of disappearing messaging app Snapchat, for allegedly conducting inappropriate relationships with a contractor that was outside the company. According to a report in The Wall Street Journal citing people familiar with the matter, Francis Racioppi, head of global security at Snap, was fired at the end of 2018 after law firm Gibson, Dunn & Crutcher found via an investigation that he had a relationship with a woman he hired and then ended t

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More Americans Say Farewell to Cash

The Financial Brand

Americans continue using cash less and less for their everyday needs. Is the U.S. on the path to become a cashless society? The post More Americans Say Farewell to Cash appeared first on The Financial Brand.

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Learnings from Unified Payments Interface in India

Lars Markull

Nearly one year ago I have written about the beta launch of WhatsApp payments in India ( Blog post ). The service allows any payments-activated user of WhatsApp in India to send money to other WhatsApp users. However, the service is not yet available nationwide, due to regulatory problems. The Indian regulator requires WhatsApp to process the payment data purely on Indian servers but it is currently being processed on Facebook servers in the US.

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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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Banks Ill-Prepared For Marketplace Disruptions

The Financial Brand

Hindered by legacy systems, many banking providers struggle to provide customer-centric solutions to people impacted by the government shutdown. The post Banks Ill-Prepared For Marketplace Disruptions appeared first on The Financial Brand.

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Q1 GDP Growth To Be Impacted By Gov’t Shutdown

PYMNTS

With the partial U.S. government shutdown as a result of the standoff between President Donald Trump and congressional Democrats now in its fourth week and no clear end in sight, the economic costs are starting to add up and are expected to impact growth during the first quarter. . According to a report in Seeking Alpha that covers comments issued by financial firm PIMCO , the firm said its early forecast for real GDP growth in the U.S. is now 0.5 percent for the first three months of the year,

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