Sun.Nov 11, 2018

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Direct Line: innovating InsurTech

Chris Skinner

At the conference I attended the other day, one speaker highlighted some InsurTech I’d not seen before but thought pretty cool. It’s a prototype service from Direct Line called Fleetlights. Fleetlights is an army of drones that light up the night skies and are designed to help people in difficult … The post Direct Line: innovating InsurTech appeared first on Chris Skinner's blog.

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Big Tech’s FinServ Moves Prompt EU Regulatory Probe

PYMNTS

Moves on the part of Amazon and Google to enter the financial services market is prompting European financial regulators to mull whether or not the tech companies need to be supervised. According to a report in the Financial Times citing Olli Rehn, governor of Finland’s central bank and a member of the European Central Bank’s governing council, the issue of tech companies entering the financial services industry has resulted in a “very lively discussion by financial supervisors and central banks

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The Finanser’s Week: 5th November – 11th November

Chris Skinner

The main blog headlines are … Teach children the things that machines cannot learn I often talk about teaching children to learn what machines cannot learn. Our system of education was created in the Industrial Revolution, and is based upon kids being stuffed with facts, stats and dates. They learn … The post The Finanser’s Week: 5th November – 11th November appeared first on Chris Skinner's blog.

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Amazon Takes On FedEx, UPS With New Delivery Program

PYMNTS

In an effort to get more sellers to use the shipping service it launched earlier in 2018, eCommerce giant Amazon is offering steep discounts. According to a report in CNBC citing Amazon seller Ray Berman, Amazon is offering steep discounts on rates compared to FedEx and UPS in an effort to lure more business its way. Berman, who was invited into a new shipping program by Amazon, told CNBC the rates are as much as 50 percent lower than what UPS charges.

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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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Santander develops tech to keep B2B clients from going to startups

Payments Source

The ploys vary widely—digital tracking, fee incentives and "coopetition"—but banks are turning up the volume on innovation to pry businesses away from checks and keep them from signing up with rival tech startups.

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Consumers are shopping for ‘points,’ and it’s hurting issuers

Payments Source

Users are not only more rational in their choice of card, but they are also investing time and effort to find ways to maximize their return from reward points, according to Simon-Kucher & Partners’ Wei Ke and Wenbo Li.

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Taxify CEO Predicts Massive Growth

PYMNTS

Taxify ’s CEO believes his company can grow another 100 times as it competes with rival Uber in Europe and Africa. In an interview with CNBC at the Web Summit tech conference in Lisbon, Portugal, Taxify CEO Markus Villig revealed that he sees major potential for the tech unicorn in the European ridesharing and scooter markets. “Overall if you look at tech in Europe we’re still so much behind the U.S., and in that sense it’s definitely a massive achievement for us as a team that we get this far,”

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Chasing the Digital Dream: Can Banks Catch Up With Consumers?

The Financial Brand

Research reveals the banking industry's digital ambitions don't match consumers' digital perceptions, and big gaps in the experience remain. The post Chasing the Digital Dream: Can Banks Catch Up With Consumers? appeared first on The Financial Brand.

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Biz Capital Invesments Can’t Keep Up With Consumer Spending

PYMNTS

The tax cuts signed into law by President Donald Trump late last year were expected to spur a spending boost on the part of consumers and businesses around the country. While the consumers have done their job boosting spending, businesses haven’t been following suit, reported the Wall Street Journal. According to a report in the Wall Street Journal , with about 80 percent of U.S. households getting a tax cut in 2018 and with the job market remaining strong, the economy has been booming.

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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