Chris Skinner
SEPTEMBER 4, 2018
I sometimes find it hard to deal with our world of money these days. Everyone keeps asking should I buy bitcoin and my answer is always it’s your choice. I don’t believe in bitcoin, but I’m not one of those doom mongers who say it’s going to die. It won’t … The post The future of bitcoin appeared first on Chris Skinner's blog.
Bank Innovation
SEPTEMBER 4, 2018
Fintech innovation at Rabobank is making itself felt in fields outside of financial services. The bank’s innovation lab has pioneered an IoT project for agriculture, and is an example of how innovation in financial services touches virtually every industry. “We ended up with a project called Movement, which is an IoT device used for tracking cattle on farms, […].
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Chris Skinner
SEPTEMBER 4, 2018
Things we’re reading today include … Deutsche Bank to Be Removed From Euro Stoxx 50 Index Danish bank scandal grows to ‘gigantic’ proportions Peer-to-peer lender Funding Circle plans £2bn flotation ING to pay €775m in money laundering case TSB chief Paul Pester steps down after IT meltdown Exclusive: Big Australian … The post Things worth reading: 5th September 2018 appeared first on Chris Skinner's blog.
Bank Innovation
SEPTEMBER 4, 2018
Fintech startups, particularly neobanks, have long suffered from having great technology, but few customers using it. Simple and Moven had more innovative offerings than traditional peers, but that didn't translate to more customers or more revenue. What was BBVA paying for when it bought Simple for $117 million in 2014? It wasn't the customers, which […].
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Payments Dive
SEPTEMBER 4, 2018
This market report gives an overview of the digital ecosystem and direct carrier billing landscape in South-East Asia.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
SEPTEMBER 4, 2018
A new report says that India’s e-commerce market could hit $150 billion by 2022 due to rising incomes and a boost in Internet users. The report by software industry lobby group Nasscom and consulting firm PwC India — called “Propelling India Towards Global Leadership in eCommerce” — says that India’s eCommerce industry is expected to contribute 4 percent of GDP by 2022.
Gonzobanker
SEPTEMBER 4, 2018
Customers love digital self-service—right up until they don’t, and then they want a live person. In our work with banks and credit unions around the country, an unavoidable truth comes up again and again: Even the flashiest digital strategy falls flat without the backing of a strong contact center. Today’s contact center is the critical human voice of successful multi-channel delivery.
PYMNTS
SEPTEMBER 4, 2018
Click-and-collect and delivery aren’t the only options for grocers to provide eCommerce ease to their customers: They can also let customers shop through mobile stores in front of their homes. And, with the help of self-driving technology, these vehicles can reach consumers without the need for a driver at the wheel. Companies such as AutoX are seeking to disrupt this space by bringing the grocery store experience home to customers with its self-driving vehicles.
CFPB Monitor
SEPTEMBER 4, 2018
The CFPB recently released an interpretive and procedural rule to implement and clarify the partial exemption from the Home Mortgage Disclosure Act (HMDA) adopted in the Economic Growth, Regulatory Relief, and Consumer Protection Act (also known as S.2155). As we reported previously , the Act amended HMDA to create an exemption applicable to the new data categories added by Dodd-Frank and the HMDA rule adopted by the CFPB for insured depository institutions and insured credit unions that origina
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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 4, 2018
Financial crime is drawing scrutiny — and fines — at large financial institutions. To that end, ING Group said it has agreed to pay 775 million euros — about US$900 million — to settle investigations by Dutch authorities over money laundering and other illicit activities. Drilling down a bit, Bloomberg noted that the settlement is comprised of a 675 million fine.
CFPB Monitor
SEPTEMBER 4, 2018
The New York Attorney General has sent a letter to Judge Preska asking her to clarify her August 23 order granting the CFPB’s request for entry of a Rule 54(b) judgment so that it can appeal her June 21 constitutionality ruling. In the August 23 order, Judge Preska also denied RD Legal’s request that she certify the remainder of her ruling for interlocutory appeal but granted RD Legal’s request to stay the district court proceedings pending the outcome of the CFPB’s appeal.
PYMNTS
SEPTEMBER 4, 2018
What does the future hold for the plastic payment card? Will it go the way of the check — still in use, but seemingly out-of-date, as more consumers use mobile devices for transactions? Or will cards with cutting-edge technology win more loyalty from shoppers? Such questions are addressed in a new PYMNTS story that features an interview with Sebastien Clamagirand, general manager of secure payment and identity at NXP Semiconductors.
Payments Source
SEPTEMBER 4, 2018
A cryptocurrency expert languishing in a Greek jail may have a vantage point on a tantalizing issue — how Russians in U.S. Special Counsel Robert Mueller’s crosshairs used Bitcoin to obscure their money trail.
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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 4, 2018
There are many locales that come to mind in looking toward the next big thing in FinTech, in payments, in AI and beyond. London and Silicon Valley make the cut, and increasingly, so does Montreal. The Canadian city is increasingly on FinTech’s radar amid a strong academic backdrop and relatively relaxed immigration policies. Those attributes help set the stage for tech upstarts to hire the talent they need and want.
Payments Source
SEPTEMBER 4, 2018
The loyalty and rewards landscape is in a state of flux. Consumers are being bombarded with a bewildering range of options, and they are primed to jump ship when a better offer comes along – perhaps half have switched to a new credit card in the past year.
PYMNTS
SEPTEMBER 4, 2018
Since the U.K. implemented its bank referral scheme, aimed at linking small businesses to alternative finance when they’re rejected for a bank loan, it has yielded less than $20 million in loans for SMB borrowers. Reports in the Financial Times Adviser on Friday (Aug. 31) said the government’s bank referral scheme has linked small businesses to less than $20 million in funding since its November 2016 launch.
Payments Source
SEPTEMBER 4, 2018
Minal Hasan, a lawyer turned prominent fintech venture capitalist, has strong views on founder dramas, cryptocurrency, and why banks need to step up their technology game.
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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 4, 2018
The plastic payment card is dead. Long live the plastic payment card! Forgive the whipsaw attitude, but that’s how it can feel sometimes when discussing the future of payment cards. On one hand, advances in mobile technology, biometrics and other areas tease a future that requires no consumer to reach into a purse or wallet to make a purchase. On the other hand, consumers — virtually all of them — still reach into their purses and wallets to pull out payment cards, cash or the occasional checkbo
Payments Source
SEPTEMBER 4, 2018
Giro Zrt, a Hungarian financial services industry organization that operates a domestic automated clearing house payments network, is teaming with the payments service provider Nets A/S to create a national instant payments service.
PYMNTS
SEPTEMBER 4, 2018
Tapzo, the app aggregator acquired by Amazon Pay , announced on Tuesday (Sept. 4) that it is shutting down the mobile app. According to a report in DEALSTREETASIA , citing an email to customers, Tapzo said the app is shutting down on Oct. 31 and that the entire Tapzo balance will be credited to customers’ bank accounts. “Since we launched the app three years ago, we’ve been fortunate to serve over five million customers.
Payments Source
SEPTEMBER 4, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Paytm launches investment app; Reserve Bank of Australia suffers an outage; Virtual Cryopto Technologies launches a bitcoin ATM converter; Ipagoo joins Chaps; Adyen tests 3D Secure.
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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.
PYMNTS
SEPTEMBER 4, 2018
While canned wine is not a new concept, the product has become increasingly popular with consumers. Beverage research firm BW 166 found that sales of canned wine jumped by 43 percent in the U.S. between June 2017 and June 2018, CNBC reported. Even so, canned wine doesn’t make up a large portion of the alcohol space: The product comprises only approximately 0.2 percent of all wine sales.
Payments Source
SEPTEMBER 4, 2018
Discovery Ltd. is on track to start a South African bank by the end of this year after agreeing to buy FirstRand Ltd.’s stake in a credit-card venture, a transaction which had delayed the lender’s launch.
PYMNTS
SEPTEMBER 4, 2018
The race is on to reduce commerce and payments friction in the fast growing world of connected vehicles. Automotive manufacturers , payments players and other digitally-focused firms are experimenting and competing to build, deploy and win driver loyalty from the software platforms vital to the new, emerging world of cars and trucks. Among the participants in that race is Xevo , an automotive software supplier whose technology is already deployed in some 25 million vehicles worldwide, includin
Bobsguide
SEPTEMBER 4, 2018
TSB Bank has announced that CEO Paul Pester is stepping down from his position after seven years. Richard Meddings, current non-executive chairman, takes on the role of executive chairman with immediate effect. "Although there is more to do to achieve full stability for customers, the.
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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.
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