Bank Innovation
NOVEMBER 9, 2017
It might be time to take another look at the regulations that keep banking companies separate from other commercial activity, Acting Comptroller of the Currency Keith Noreika said during an industry conference yesterday. The divide between the two industries has historically protected consumer money from being used in “risky,” non-bank enterprises, but it has also […].
Chris Skinner
NOVEMBER 9, 2017
I was in a conversation with a regulator about bank competition, and they wondered how I saw banks changing. In particular, they were concerned about collegiate – read that as bank cartels – actions by the banks to protect their own interests. I thought about it and said that I … The post Digital democratisation appeared first on Chris Skinner's blog.
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Bank Innovation
NOVEMBER 9, 2017
EXCLUSIVE – After its recent partnership with digital product Innovation Company Stuzo, Bank of America’s merchant services business is laying the foundation for an innovation lab. “It [the partnership] helps us have a conversation with our merchants about their overarching goals,” Michael Roberts, chief marketing and digital strategy officer of Bank of America Merchant Services […].
Chris Skinner
NOVEMBER 9, 2017
Things we’re reading today include … ING, a Dutch bank, finds a winning digital strategy How Equitable Bank reshaped its culture for a future of mobile-first finance How Some Small Banks Are Firing the Fed Gordon Brown turns on Tony Blair over Bank of England independence Top LSE investor ramps … The post Things worth reading: 10th November 2017 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
NOVEMBER 9, 2017
Data science startup Crux Informatics announced a $10 million round of funding today, led by Goldman Sachs. Crux is a startup that allows financial institutions to outsource their data processing to gain further insights from that data. The startup plans to use the $10 million for business expansion, Reuters reports. Big data and data insight […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
NOVEMBER 9, 2017
PayPal today announced that it would be available for domestic payments in India. The service has already been available in India for cross-border transactions, but starting today Indian customers can use PayPal in transactions with certain major domestic merchants. These merchants include movie ticket company BookMyShow, travel site Makemytrip, Yatra, and PVR.
Payments Dive
NOVEMBER 9, 2017
It's time for a look back at October's most-read articles and blog posts on Mobile Payments Today.
Bank Innovation
NOVEMBER 9, 2017
EXCLUSIVE — With payment volumes and revenue on the up, payments company Square had another positive quarter yesterday as it reported its third-quarter earnings. However, company investors and enthusiasts should keep a closer eye on Square’s service business in future quarters, if yesterday was any indication. This section of Square’s business reported $65 million in […].
Payments Dive
NOVEMBER 9, 2017
Mobile Point of Sale capabilities are helping to reshape the checkout experience.
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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
NOVEMBER 9, 2017
EXCLUSIVE—SegWit2x, a controversial change to the bitcoin blockchain, will no longer happen, bitcoin holders and cryptocurrency enthusiasts found out yesterday. Aside from the initial shock, bitcoiners seem to be fine to wave goodbye to SegWit2x.
PYMNTS
NOVEMBER 9, 2017
Square continued its 2017 run of earnings strength with the release of its latest quarterly results on Wednesday (Nov. 8), notching growth in both payments volume and services revenue that came in ahead of analyst expectations. But shares were still down 1.3 percent in after-hours trading, as investors seemed to take something of a step back from a year that has seen Square’s stock price expand by leaps and bounds. “The main problem is that with the stock up 169 percent year to date, being
Payments Source
NOVEMBER 9, 2017
Tablet point of sale solutions provide mobile pay benefits while helping merchants provide new experiences for their customers, create additional touchpoints, and accept all forms of electronic payment, including magstripe, EMV and NFC/contactless, writes Ben Wagner, director of solutions at Ingenico Group, North America.
PYMNTS
NOVEMBER 9, 2017
The era of ascendant digital channels has come with a concurrent war on paper. Why write a check when you can swipe a card (or tap your phone)? Why mail a customer a coupon when a quick email is cheaper to get out and just as usable to the consumer who collects it? But, as the team at Dermstore has spent the last six months learning, sometimes an old school, paper-based solution is just what the doctor ordered, particularly if the disease is cart abandonment.
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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
NOVEMBER 9, 2017
The insurance sector is now seeing the same dynamics already experienced in many other sectors, including financial services: with startups and other tech firms innovating one or more steps of.
PYMNTS
NOVEMBER 9, 2017
PayPal announced that it has launched domestic operations in India, which means it will be taking on China’s Alibaba-backed Paytm , the country’s leading digital payments firm. According to a Reuters news report, the government of India’s push for cashless transactions is leading more people to use e-wallets and card payments. “India is transitioning away from our biggest competitor – cash – and our digital platform and technology has immense scope to enable this at scale,” said Anupam Pah
Payments Source
NOVEMBER 9, 2017
Without the constant innovation that artificial intelligence empowers, legacy companies will quickly lose their edge as competitors whisk away consumers with new offerings and customized products, writes Ajay Vij, senior vice president and head of financial services for Infosys.
PYMNTS
NOVEMBER 9, 2017
Visa , the payments company, announced news on Wednesday (Nov. 8) of the introduction of three commercially available wearable payment devices for the Olympic Winter Games PyeongChang 2018. In a press release , Visa, the exclusive payment technology partner of the Olympic and Paralympic Games, debuted three wearable payment devices, including NFC-enabled payment gloves, commemorative stickers and Olympic pins.
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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.
Let's Talk Payments
NOVEMBER 9, 2017
Apple Pay Cash – Another Manifest to Apple’s Core Values Entering the P2P payments game relatively late, Apple definitely makes the right moves to strengthen its closed ecosystem – the.
PYMNTS
NOVEMBER 9, 2017
In a world of evolving technology and instant offerings, financial institutions (FIs), cybersecurity providers, merchants and consumers must all remain aware of the innovative solutions popping up around them — and the bad actors looking to take advantage. Today in PYMNTS’ data, FIs are offering same-day credit transfers to businesses, Square’s loans have reached record highs, U.S. adults want easier access to registration systems for outdoor activities, more households than ever are turning to
Let's Talk Payments
NOVEMBER 9, 2017
In an outstandingly insightful presentation given at the Stanford MSx Future Forum in January 2017, Andrew Ng, Co-founder of Coursera, Stanford adjunct professor, and formerly Head of Baidu AI Group/Google.
PYMNTS
NOVEMBER 9, 2017
What can foreign exchange service providers learn from the Uber model? Increasingly, firms selling abroad are embracing the belief that there is a business advantage to making products available for purchase in foreign customers’ home currencies. Taking the exchange risk and conversion off customers can make it an easier decision to hit the buy button, netting extra sales volume for merchants in the process.
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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
NOVEMBER 9, 2017
The influx of mobile point of sale systems created an odd situation for retailers that now had to turn their screens around or hand over their smartphones to consumers. More manufacturers are addressing this awkwardness by giving shoppers their own screen — but innovation comes at a price.
PYMNTS
NOVEMBER 9, 2017
Despite failing to meet growth projections and seeing a decrease in ad sales, Snapchat disclosed that Tencent has increased its stake in the company by more than 12 percent. According to The New York Times , the investment by the Chinese internet giant is aimed to give the struggling Snap a boost of confidence. Less than 24 hours before the news, Snap revealed a third-quarter revenue of $207.9 million, falling short of the $235.5 million analysts predicted.
Payments Source
NOVEMBER 9, 2017
The information you need to start your day, from PaymentsSource and around the Web. Today: Ontario deregulates fintech to battle Silicon Valley; NCR opens a hub in India; Environmentally-friendly cryptocoins; Thoma Bravo acquires health club payments processor.
PYMNTS
NOVEMBER 9, 2017
Corporate treasury is now more strategic for the enterprise, meaning chief financial officers and treasurers must be close-knit with their organizations’ boards of directors. But new research from treasury management firm Kyriba suggests treasurers and CFOs are falling short in delivering on some of the top priorities of the corporate board. Released this month, Kyriba’s report, “ The Six Key Areas Where CFOs Fail to Deliver for the Board of Directors ,” examines the rela
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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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