Bank Innovation
MARCH 27, 2018
Messaging service WhatsApp is rolling out support for QR payments in its Android beta, according to reports, with the service expected to have a wider rollout in the next few weeks. Consumers wishing to use QR payments to pay must first have WhatsApp Payments enabled, which currently supports a range of payment options across the.Read More.
Payments Dive
MARCH 27, 2018
Chris Tyghe, vice president of strategic development at Ingenico Group Canada, discusses how payments will become an integral part of the IoT experience in the coming years.
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Chris Skinner
MARCH 27, 2018
I was quite taken by a headline in yesterday’s news where Marcus Schenck, Deutsche Bank’s Co-Head of Corporate and Investment Banking, forecast that deposit accounts might disappear in the not too distant future. He was on a panel at Bloomberg’s European Capital Markets Forum and was asked by an audience member how … The post If deposit accounts disappear, what will banks do?
Bank Innovation
MARCH 27, 2018
More startups should launch in the “niche” areas of banking that incumbent institutions have started avoiding, Ohad Samet, co-founder and chief executive officer for TrueAccord, told attendees of the 2018 Bank Innovation conference. “It’s actually not very common for a startup to be started in subprime lending, debt collection—those areas that frankly require a lot.Read More.
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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
Chris Skinner
MARCH 27, 2018
Things we’re reading today include … Will Brexit Trigger an Exodus of Banks From London? Goldman vice chair turned down Deutsche Bank’s CEO offer Deutsche Bank Sparring Is Another Blow to the Lender Can Deutsche Bank Be Fixed? TSB to start linking to rivals’ loan deals online in bid to … The post Things worth reading: 28th March 2018 appeared first on Chris Skinner's blog.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
MARCH 27, 2018
The definition of the word “ extend ” means to stretch out or lengthen one’s reach. It turned out to be the perfect word to describe Braintree ’s newest suite of merchant solutions, Braintree’s Azita Habibi told Karen Webster in a recent conversation. Braintree Extend, which launches today, makes it possible for merchants to extend their reach into other ecosystems and environments and to share payments data in a secure, compliant way.
Bank Innovation
MARCH 27, 2018
EXCLUSIVE— The newest feature brought to customers by German fintech Raisin is the ability to invest in ETF portfolios via the app, something that more and more fintechs have been relying on machine learning and artificial intelligence to achieve. Raisin’s portfolios, however, are aimed at “self-directed investors” — i.e., investors who know what they’re doing,Read More.
PYMNTS
MARCH 27, 2018
A few months after General Growth Properties (GGP) rejected a buyout offer from global real estate investment firm Brookfield Property Partners , the two reached a deal on Monday (March 26). Brookfield said it would purchase GGP for $9.25 billion in cash, CNBC reported. “We are pleased to have reached an agreement and are excited about combining Brookfield’s access to large-scale capital and deep operating expertise across multiple real estate sectors with GGP’s portfolio of irreplaceable retai
Bank Innovation
MARCH 27, 2018
EXCLUSIVE— P2P payment app Venmo will make live changes to its privacy policy starting Thursday, March 29. Among those updates, Venmo is clarifying how it uses consumer data. These updates come a month after Venmo parent company, PayPal reached a settlement with the Federal Trade Commission (FTC) on claims that Venmo failed to disclose information.Read More.
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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
MARCH 27, 2018
Consumers are a tough bunch to please. They want what they want, when they want it – even more so with two-day shipping offered by players like Amazon. That gives brick-and-mortar retailers, who have long relied on their physical footprint for growth, an added dose of pressure. To keep up with the pace, many are turning to offering faster shipping, and other features, as they compete with digital challengers. .
Bank Innovation
MARCH 27, 2018
EXCLUSIVE—What’s behind the growth of personal finance management platform MoneyLion? A focus on simplicity and UX design that intimately appeals to younger users such as millennials and Gen Z users, fintech investor Ron Suber told Bank Innovation. Suber, who currently serves as the president emeritus of the Prosper marketplace, just became a strategic advisor to.Read More.
PYMNTS
MARCH 27, 2018
FitPay , the startup technology platform that adds contactless payment capabilities to wearable and IoT devices, has announced a partnership with Discover. Co-founders Michael Orlando and Chris Orlando told PYMNTS that adding this third major payment network to the FitPay platform will allow device partners and end users to add digitized Discover cards to their accounts, as well as supporting tokenization practices for Discover as the startup has done with its other partner networks.
Bobsguide
MARCH 27, 2018
Already this year, financial institutions have overcome one major regulatory hurdle in the form of the Markets in Infrastructure Directive (MiFID) II. However, the May 2018 General Data Protection Regulation (GDPR) hurdle is looming ahead, threatening to present banks around the world with.
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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
MARCH 27, 2018
FedEx made some waves today (March 27) with dual announcements highlighting its evolutionary path forward into an environment rapidly realigning around the digitization of society. The shipping and logistics firm announced its acquisition of P2P Mailing Limited — a global provider of eCommerce transportation solutions for around $102 million (£92 million).
Payments Source
MARCH 27, 2018
The information you need to start your day, from PaymentsSource and around the Web: Venmo's new privacy policy; Alipay's boss on blockchain; Jet.com's new president; and more.
PYMNTS
MARCH 27, 2018
In 1948, a cooperative in Switzerland brought an innovative transportation solution to life: The group, which was known as “Sefage,” created the world’s first carshare program. “This early effort was mainly motivated by economics,” Susan Shaheen, Daniel Sperling and Conrad Wagner wrote in Transportation Quarterly in 1998. “Individuals who could not afford to purchase a car instead shared one.”.
Payments Source
MARCH 27, 2018
Optimism that the #MeToo movement will have a positive influence is high among bankers who participated in a recent survey on sexual harassment. But there is also concern that it could lead to gender discrimination in hiring and mentoring.
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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.
PYMNTS
MARCH 27, 2018
Troy wakes up, checks his calendar while brushing his teeth and pays his bills as he gets dressed. He checks account balances, transfers funds and sets up automatic payments and text notifications — all with his voice, without missing a beat of his morning routine. When Troy leaves the house, his voice assistant goes with him. It’s on his smartwatch, in his car and in his office.
Payments Source
MARCH 27, 2018
Domestic debit networks' duel-message transaction options have the ability to disrupt the customer experience, add complexity to back offices operations, and impact issuers’ contractual obligations to their global networks, writes Patrick Goodwin, president of SRM.
PYMNTS
MARCH 27, 2018
Four hundred dollars. That’s the dollar amount that is out of reach for a significant number of employees in a world where financial stress is commonplace. It’s where an emergency, such as car repairs or a broken water heater, means choosing between fixing those items or paying the rent, perhaps. It’s an oft-quoted stat, illustrating how ill-prepared many individuals and families are to deal with shocks and unforeseen events.
Payments Source
MARCH 27, 2018
There are still millions of merchants in the U.S. clinging to relic point of sale methods — and they are not easily swayed by fancy new touchscreens and mobile wallets. This means companies such as Verifone must go to greater lengths, just to meet them halfway.
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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.
ATM Marketplace
MARCH 27, 2018
Spring is here, and there's no better time to spruce up your ATM fleet and make sure that every machine is in peak operating condition before summer's heat arrives. Here's your top-hat-to-toe-kick ATM checklist.
Payments Source
MARCH 27, 2018
The core strategy of Amazon has always been to listen to customer pain points and add valuable benefits over time. It’s how the company disrupted the retail industry. Now it’s time for grocery, writes Tom Caporaso, CEO of Clarus Commerce.
NCR
MARCH 27, 2018
As the gradual transition towards open banking gathers pace around the world, New Zealand is the latest market to take significant steps forward with pilots of application programming interfaces ( APIs ). The country will test two API standards: account information and payment initiation. Under the account information system, development partners will be given the ability to make pre-payment checks, such as confirming account details and verifying there are sufficient funds available before maki
Payments Source
MARCH 27, 2018
The team that founded marketplace lender Avant Inc. raised about $15 million to start a firm that will use blockchain technology and digital tokens to motivate companies to share data about customer identities and credit worthiness.
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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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