Bank Innovation
OCTOBER 24, 2017
EXCLUSIVE – It is not everyday that a new tool for banking at the infrastructure level is introduced, but that is exactly what Finspace has unveiled today. The new tool, a beta of which is being made available today, is called Finspace, and it serves as a pipeline between banks and businesses for the exchange of […].
Chris Skinner
OCTOBER 24, 2017
I just hosted the money2020 banking session. There’s a lot I could write about from that session, but I’m going to cherry pick a few highlights and begin with the part that got the most activity from the audience: the mobile first start-ups. This was a session where five FinTech … The post Most start-ups are layering new tech on old bank products (#Money2020) appeared first on Chris Skinner's blog.
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Bank Innovation
OCTOBER 24, 2017
EXCLUSIVE – Add another credit card catering to the “credit-invisible” younger generation. That card is called Deserve Pro. Based in Menlo Park, California, the card is being launched today by its eponymous company, Deserve. “After the success of our first card Deserve Edu, which caters to students — particularly those students that come from out […].
Chris Skinner
OCTOBER 24, 2017
Another great #Money2020 day, and this one spent mainly in the blockchain stream. Adam Lutwin, CEO of Chain who I referred to recently, kicked off the day with a beginners guide to the crypto world. It was real good. That was followed by a panel moderated by Marc Hochstein, former … The post Blockchain’s slow burn to reality … 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
Bank Innovation
OCTOBER 24, 2017
Continuing its development of financial technologies on its platform, social media firm Facebook has joined a Visa program that enables the network to access its Token Service for payments, Visa announced today. Facebook is joining the Visa Digital Enablement Program, which allows clients to more easily integrate and use the company’s digital technologies, including, as […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
OCTOBER 24, 2017
EXCLUSIVE— If financial institutions are going to begin fully utilizing blockchain or distributed ledger technology, they’re going to have to pay much more attention to the use case at hand rather than the underlying technology, R3 said. This insight came during a demo for a new syndicated loan platform, built using Corda distributed ledger technology. […].
PYMNTS
OCTOBER 24, 2017
Another day, another security breach. The headlines have been littered with recent reports of fraudsters and hackers stealing consumer information from everyone from email providers to hotel chains and credit bureaus. But, despite the disastrous news, there is reason for optimism in the fight against fraud. Over the past month, several providers debuted solutions to combat cyberattacks by employing new innovations and technology.
Bank Innovation
OCTOBER 24, 2017
Payments network Zelle is growing fast, reporting an increase in transactions and new users as well as new partnerships. The network has now processed over 60 million transactions in person-to-person payments, it reported during the Money 20/20 conference taking place now in Las Vegas. Zelle also reported a high level of new users signing up […].
PYMNTS
OCTOBER 24, 2017
FinTech remains merely on the cusp of disruption from artificial intelligence (AI), with some players in the B2B space beginning to look at AI-based chatbots and data analytics solutions to take digital financial management to the next level. Increasingly, procurement is a popular target for AI-deploying FinTechs. SAP Ariba , Transcepta and Tradeshift are just a few of the companies that recently rolled out some type of eProcurement tool using artificial intelligence, but the industry is only sc
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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
Bank Innovation
OCTOBER 24, 2017
EXCLUSIVE – Virtual banking assistant, Finn.ai has been on roll. Not only has its collaboration with Canadian bank ATB Financial come to fruition today with the ATB launching its virtual banking assistant, but Finn.ai also said it raised $3 million in funding. These announcements ,which were first circulated at Money 20/20 in Las Vegas, come fresh […].
PYMNTS
OCTOBER 24, 2017
Nordstrom has partnered with Give Back Box , according to news from Chain Store Age. The service will allow consumers to donate items to charity by mailing a Nordstrom box. The initiative offers customers an environmentally friendly way to dispose of clothes, reported Racked. Give Back Box provides pre-paid shipping labels that consumers can use to donate their unwanted merchandise to charities like Goodwill.
Let's Talk Payments
OCTOBER 24, 2017
Investors have poured more than $1 billion into British FinTech companies since the beginning of 2017. In H1 2017, UK attracted $564 million of VC investment, up 37% on H1.
PYMNTS
OCTOBER 24, 2017
Industry players and policymakers across the globe are discussing their respective late B2B payments problems, and the data suggests that delayed supplier payments is a challenge no matter where businesses operate. New research from Atradius finds another geographic market grappling with its own late B2B payments problem: Asia Pacific (APAC). Research published by Atradius last week, the October 2017 Atradius Payment Practices Barometer for Asia Pacific , found a whopping 90 percent of suppliers
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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.
Let's Talk Payments
OCTOBER 24, 2017
An ever-innovative giant in P2P payments exceeds expectations another time with its Q3 earnings results. In Q3 2017, PayPal added 8.2 million net new active accounts – a record addition to.
PYMNTS
OCTOBER 24, 2017
On Tuesday (Oct. 24), AEVI and Vantiv announced news that they are coming together to offer Vantiv’s partners and clients access to an open application platform for point-of-sale (POS) terminals. The platform will extend across Vantiv’s SmartPay devices. The arrangement will allow Vantiv’s small- and mid-sized merchants to benefit from increased functionality and versatility, the companies said.
Bobsguide
OCTOBER 24, 2017
Due to fast evolving technology many companies are pushed to improve their agility and ability to quickly adjust to emerging market trends. To ensure their survival and growth in a hypercompetitive digital economy organisations have to constantly strive to find new ways of getting more done with.
PYMNTS
OCTOBER 24, 2017
If there’s one thing investors don’t like, it’s uncertainty. And that holds true for all types of investments, well beyond the stock market. So it is with Brexit, where uncertainty is causing skittish tendencies on the part of firms across all manner of industries to commit to the U.K. economy, as no one really knows how the separation from the EU will play out.
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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.
Bobsguide
OCTOBER 24, 2017
It’s clear that mobile-first consumers are leading the industry and revolutionising retail banking and personal finances. New companies are constantly challenging incumbent banks by providing specialised digital solutions such as budgeting, easy wealth management and payment habits that.
PYMNTS
OCTOBER 24, 2017
Perfume is a personal choice for most consumers, as scents have an uncanny ability to define their wearers. Buying perfume, by and large, has always been an in-store shopping experience, particularly at department store counters and in specialty retailers like Sephora or Ulta. And, fragrance shopping does not see an insignificant amount of spending, either, with approximately $12 billion spent capturing the perfect scent in a bottle in Europe and the U.S. each year.
Bobsguide
OCTOBER 24, 2017
With regulators across different markets demanding for increased trade transparency and longer retention periods for call recordings; how can financial firms keep on top of their call recording estate? Not to state the obvious but, it won’t be long before MiFID II comes into effect in.
PYMNTS
OCTOBER 24, 2017
Replicon is rolling out a new solution for professional services companies that aims to approach time as a “strategic asset” and to enable these businesses to operate without working capital. The company announced news on Monday (Oct. 23) that it is adding its Business Operations Software solution to its existing Time Intelligence Platform designed for the professional services space.
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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.
Let's Talk Payments
OCTOBER 24, 2017
R2A is looking for innovators! R2A has launched a competition to identify innovators in Mexico and the Philippines. R2A will award $100,000 per country to two technology innovators to develop.
PYMNTS
OCTOBER 24, 2017
Money being waited on is not money being spent. As Ingo Money CEO Drew Edwards noted, a person waiting for money – whether it’s from a paycheck, an insurance disbursement or a loan – probably needs that money. The reality is that many businesses still pay out those funds using checks with multiple-day holds. The goal, according to Edwards, should be to make it as easy and efficient as possible for consumers and small businesses to get their funds.
Payments Source
OCTOBER 24, 2017
Giving merchants direct access to third-party software isn’t new—First Data’s Clover unit introduced the concept three years ago—but Vantiv is giving its approach a custom-development spin with an app marketplace.
Let's Talk Payments
OCTOBER 24, 2017
MIAMI – October 10, 2017 – NovoPayment, a leading enabler of digital financial and transactional services throughout the Americas, today announced the launch of its Developer Hub, the first bank-agnostic application.
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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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