Payments Dive
SEPTEMBER 28, 2018
This case study focuses on how Telepin was able to help a large Signapore telecommunications company provide mobile financial services to an economically diverse clientel.
PYMNTS
SEPTEMBER 28, 2018
To allow ATM operators and acquirers to use Dynamic Currency Conversion (DCC) around the world, Visa is growing its Visa/Plus ATM services and updating its rules. The changes will become effective in mid-April of next year, Vending Times reported. Through DCC, which is an optional offering, an acquirer, merchant or ATM operator gives cardholders a choice: They can make a transaction in their home currency or the local currency.
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Payments Dive
SEPTEMBER 28, 2018
Host Will Hernandez discusses the future trends for mobile payments and banking, that was learned at the Bank Customer Experience Summit.
Bank Innovation
SEPTEMBER 28, 2018
One of the largest retail banks in America has a simple yet multifaceted innovation strategy. Bank Innovation spoke with U.S Bank Executive Vice President, Chief Innovation Officer, Dominic Venturo, on which direction the bank is headed, digitally. The conversation below has been edited for brevity and clarity. Bank Innovation: Last quarter we reported that U.S.
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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
PYMNTS
SEPTEMBER 28, 2018
In its debut as a publicly traded company, peer-to-peer lending platform Funding Circle opened slightly above its initial offer price of 440 pence at 460 pence a share on Friday (Sept. 28). The original range set by the company for the stock was between 420 and 530 pence, according to reports. As the day went on, however, the stock reached a low of 435 pence, and by the end of the day, the stock finished essentially flat.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
SEPTEMBER 28, 2018
In order to remain Safari’s default search engine, Google reportedly has an arrangement with Apple. If that is the case, analysts claim the deal could be worth billions, 9to5 Google reported. Neither Apple nor Google have publicly discussed such a tie-up, but Analyst Rod Hall claims the search engine platform could end up paying Apple nearly $9 billion this year.
Bobsguide
SEPTEMBER 28, 2018
More than three quarters of the UK are concerned about sharing financial data with organisations other than their bank, according to a recent poll by market research body, YouGov. Of those surveyed, 77% said they were concerned around data sharing, with 45% saying they didn’t understand the.
PYMNTS
SEPTEMBER 28, 2018
In an effort to get more clarity on the regulation of digital currencies, U.S. representatives wrote to U.S. Securities and Exchange Commission (SEC) chairman Jay Clayton. The lawmakers are looking for the official to lay out how the agency plans to regulate digital currency in clearer terms, CNBC reported. The U.S. representatives wrote in the letter, “It is important that all policy makers work toward developing clearer guidelines between those digital tokens that are securities, and those tha
ATM Marketplace
SEPTEMBER 28, 2018
The question of how artificial intelligence can help banks to achieve more meaningful interactions with customers was an overriding theme at the Bank Customer Experience Summit two weeks ago in Chicago.
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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
PYMNTS
SEPTEMBER 28, 2018
When most parents think about their children’s fashion choices, it is in the context of trying to convince them they cannot wear their Halloween costume to Thanksgiving dinner with their grandparents. They aren’t usually wondering which of this year’s Gucci, Prada and Balmain runway items is the right look for their tiny tot. But some parents are thinking bigger these days.
Payments Source
SEPTEMBER 28, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Veem attracts big investors; Fintech vets join RS2 board; Ripple gets regulatory win in Japan; Mozilla complains about Venmo's privacy settings; Uber gets fined over data breach.
PYMNTS
SEPTEMBER 28, 2018
Following a complaint from Citizens Advice, Britain’s competition regulator might investigate financial service and telecom companies. The group had contended that consumers were being “ripped off” if they didn’t switch providers, Reuters reported. The charity claims that customers were being overcharged by $5.2 billion annually. As a result, it wants the Competition and Markets Authority (CMA) to look into the matter.
Tom Groenfeldt
SEPTEMBER 28, 2018
Salesforce has expanded its financial services offering to support front line employees such as wealth managers and insurance agents.
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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.
PYMNTS
SEPTEMBER 28, 2018
As of this writing, Tesla’s share price is dropping by 12 percent and counting. The Securities and Exchange Commission is suing founder and company head Elon Musk over a series of tweets — Musk had teased a take-private deal that never materialized. The firestorm that came in the wake of the tweeting (and backing off the cryptic promise that the firm would be taken private at about $420 a share) has erased a cumulative $12 billion of value, according to MarketWatch.
CFPB Monitor
SEPTEMBER 28, 2018
During Richard Cordray’s tenure as CFPB director, it began to look like we were heading toward an era of much more aggressive application of the Equal Credit Opportunity Act to small business lending. The biggest potential development was the anticipated small-business lending data collection rule, which would have imposed HMDA-like reporting requirements for small business lending, which in turn would have generated the statistical information that could have been used in fair lending examinat
Payments Source
SEPTEMBER 28, 2018
Global Payments hopes to strengthen its position among restaurant merchant acquirers by paying $415 million in cash for food services and software company Sicom Systems.
Bobsguide
SEPTEMBER 28, 2018
Designing and rolling out any new reporting process in a large organization can be challenging. In any multinational company, a new process will inevitably require input from many people across multiple locations.
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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.
Payments Source
SEPTEMBER 28, 2018
Sourcemedia's annual PayThink conference is always productive and informative, and this year's event was no exception.
FICO
SEPTEMBER 28, 2018
Greetings from sunny (and humid) Miami! I had the pleasure of speaking on a panel at ABS East yesterday, entitled “Traditional vs Non-Traditional Underwriting, Does Machine Learning Teach Us Anything New?”. The panel primarily focused on the opportunities and challenges associated with the use of Machine Learning (ML) in credit underwriting. I called out some highlights from FICO’s recent white paper on this subject.
Payments Source
SEPTEMBER 28, 2018
Australians' love for contactless payments is driving the Australia and New Zealand Banking Group to incorporate mobile withdrawal technology to its ATM network.
The Paypers
SEPTEMBER 28, 2018
(The Paypers) Women’s online fashion store SHEIN has announced that its servers were recently breached, exposing over 6.42 million customers’ data.
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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
SEPTEMBER 28, 2018
State regulators are planning to sue the agency over its special-purpose charter, but the charter would be an important step forward for the regulatory system.
The Paypers
SEPTEMBER 28, 2018
(The Paypers) Almost 50% of online transactions and purchases in Europe are conducted via mobile, according to a new report from Criteo.
The Banker Technology
SEPTEMBER 28, 2018
Replacing a core banking system is not for the faint of heart. Márk Hetényi, MKB Bank’s chief digital, retail and strategy officer, talks to Joy Macknight about staying the course towards a digital future.
The Paypers
SEPTEMBER 28, 2018
(The Paypers) A Neustar research has pointed out that banks are more vulnerable to fraud than they were a year ago.
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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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