Bank Innovation
FEBRUARY 2, 2018
Fiserv, FIS, and Jack Henry all come to mind when thinking of the top bank core processors. But what is each firm’s market share in the U.S. last year? According to data gathered by FedFis.com, the top processor is Brookfield, Wis.-based Fiserv. With more than 37% of the market share, Fiserv is well ahead of […].
Payments Dive
FEBRUARY 2, 2018
Ben Wagner, director of product, solutions at Ingenico Group/North America, explains why there is tremendous potential when it comes to the mobile point of sale but there are some barriers that need to be knocked down.
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Bank Innovation
FEBRUARY 2, 2018
As online banking becomes more popular, countries are grappling with cybersecurity. In Denmark, the advent of digital banking also saw almost a 60% jump in card fraud, Bloomberg reported yesterday. Danish credit card fraud significantly increased in 2016, Bloomberg said, and reports of online fraud in the country have increased 300% from reports in 2009. […].
Chris Skinner
FEBRUARY 2, 2018
I’ve written a lot about Ant Financial – they’re a 30,000 word case study in my new book – mainly because they are the first payments platform to focus upon global reach for financial inclusion. That is not to say that I am ignoring the other platforms: PayPal, Stripe, PayTM … The post Tencent’s WeChat Pay is AliPay major rival 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
FEBRUARY 2, 2018
EXCLUSIVE – Fintech is constantly expanding its reach in the world, adding new customers, new services, and new startups every day. That’s why keeping up with new companies making their mark in financial services can be so exciting, and why Bank Innovation has a watchlist designed to do just that. On that note, here are […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
FEBRUARY 2, 2018
EXCLUSIVE— Apple will continue to widen the reach of its mobile payment service Apple Pay by adding new ecommerce capabilities and bringing the feature to new countries, CEO Tim Cook said during yesterday’s earnings call. The service will be expanding to Brazil in “the coming months,” Cook said on the Q417 earnings call, though no exact launch […].
PYMNTS
FEBRUARY 2, 2018
Whether their money is on the Pats or the Eagles, one thing is for sure: Football fans will be spending a lot of it this Sunday (Feb. 4), especially if they’re attending the Super Bowl in person. ATMs in and around U.S. Bank Stadium in Minneapolis will see a spike in activity with the influx of consumers for the big game. That’s to be expected for financial services company Diebold Nixdorf , which partners with U.S.
Bank Innovation
FEBRUARY 2, 2018
It’s almost a truism in banking to say, “We’re really a technology company,” but few can substantiate the claim. Green Dot has a good argument for that: it was a technology company that bought a bank. Its banking-as-a-service model reflects that. Chief Revenue Officer Brett Narlinger explains on this podcast that Green Dot worries less about […].
PYMNTS
FEBRUARY 2, 2018
Of all of the scams targeting corporates, another one is landing on their radar. In an article penned for JD Supra by law firm Ogletree, Deakins, Nash, Smoak & Stewart, P.C., experts warned of a type of payroll scam that sees fraudsters diverting direct deposits from employee accounts to criminal accounts. According to the firm, fraudsters use a phishing scam by sending an email from an address similar to a legitimate company account.
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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
FEBRUARY 2, 2018
EXCLUSIVE – Neobank Aspiration has added joint-account capabilities to its offerings, as the self-described bank “with a conscience,” continues to target those disenchanted with their larger banks, company CEO Andrei Cherny told Bank Innovation. Does Bank of America’s recent decision to nip its free checking account come to mind? Well, that’s exactly the type of […].
PYMNTS
FEBRUARY 2, 2018
It’s time to retire the perception that consumers at the older end of the spectrum (65 and up) can’t or don’t shop online. They may not be digital natives, yet that hasn’t stopped them from figuring out some of the ins and outs (even if they are more likely to fall for tricks and scams ). Alibaba is leading the movement for elder-friendly eCommerce.
Bank Innovation
FEBRUARY 2, 2018
Good news and bad news for PayPal. Good news: Bank of America Merrill Lynch announced a partnership with the payments platform that enables BofA’s U.S.-based commercial clients to make payments in international payments in local currencies to payees with PayPal accounts in countries including Mexico, France, Germany, Italy, the U.K., and the Philippines.
PYMNTS
FEBRUARY 2, 2018
There’ll be no TGIF from bitcoin and its brethren, it seems. Cryptos of all stripes and sizes, from bitcoin to its lesser known peers, tumbled on Friday (Feb. 2) — and markedly so, as several plunged more than 20 percent. If intraday trading holds at these depressed levels, then the sector will see its worst week in roughly five years. Reuters reported news early this morning that the marquee name in the sector — bitcoin, of course — slipped below $8,000, past what used to be a psychologically i
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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.
Payments Source
FEBRUARY 2, 2018
On-card biometrics is the final piece of the puzzle to bring trust and security to contactless payments without compromising convenience, writes Lina Andolf-Orup, global product marketing manager at Fingerprints.
PYMNTS
FEBRUARY 2, 2018
Amid tensions and a shakeup among executives, Airbnb chief financial officer (CFO) Lawrence Tosi has departed the company — and left behind uncertainty over its potential initial public offering (IPO). Tosi announced his departure after he learned Airbnb’s co-founder, Brian Chesky, would name Belinda Johnson as its new chief operating officer (COO), Bloomberg reported.
Bobsguide
FEBRUARY 2, 2018
Moving beyond experiments to solving payments in capital markets with blockchains. Arjun Jayaram, Founder & CEO, Baton Systems. It has been no secret that banks are thoroughly testing blockchain applications and some have even begun to apply the technology to key business ventures.
PYMNTS
FEBRUARY 2, 2018
The second-largest U.S. bank is banning customers from purchasing cryptocurrencies using its credit cards, according to Bloomberg reports. Bank of America (BofA) officially announced it “will begin declining credit card transactions with known cryptocurrency exchanges” today through a memo distributed to employees on Thursday (Feb. 1). The anti-crypto policy will apply to both business and personal BofA-branded cards.
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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
FEBRUARY 2, 2018
Retailers used to be able to hold onto their physical presence as a differentiator against Amazon. In the past year, Amazon has taken even that advantage away.
PYMNTS
FEBRUARY 2, 2018
Two months after news surfaced that China’s Alibaba wanted to make an online grocery play in India by investing in BigBasket , it appears the deal has finally been made official through a $300 million funding round, Reuters reported. Alibaba reportedly became BigBasket’s largest shareholder by investing $146 million in the grocer through compulsorily convertible preference shares, BigBasket said in a filing to regulators in India.
Payments Source
FEBRUARY 2, 2018
A group of tourists visiting Finland from China recently concluded a completely cashless trip sponsored by Alipay, which is claiming Finland is the first country where Chinese visitors can manage and pay for all aspects of travel solely using its mobile wallet.
PYMNTS
FEBRUARY 2, 2018
In an effort to increase efficiency and entertain customers, a café in Japan now has a robot that makes a nice cup of joe, the AP reported. At the Henna Cafe in Tokyo, a robot named Sawyer can make a cup of coffee from start to finish. Sawyer grinds the beans, fills a filter and pours hot water over a paper cup to serve up coffee for as many as five people at a time.
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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.
Bobsguide
FEBRUARY 2, 2018
2017 was a year of discoveries across the payments industry, with the emerging markets arguably leading the way. These are areas of the world where fintech innovations have enabled companies to harness technology and embrace partnerships, developing innovative solutions and products, and ultimately.
PYMNTS
FEBRUARY 2, 2018
When lunchtime rolls around in cities across America, bringing with it those midday hunger pangs, food trucks’ cheap prices and quick, easy availability have made them popular options. Boasting gourmet-style grub in a range of flavors, they’ve become a fixture in cities large and small. As of 2017, cities across the U.S. were home to more than 4,000 food trucks.
Payments Source
FEBRUARY 2, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon patents wearable tech; Grab expands; New tech for the gig economy; Messenger payments expand in Belgium.
PYMNTS
FEBRUARY 2, 2018
Today in PYMNTS data, Visa earnings topped expectations, Mastercard saw positive outcomes and Apple underwhelmed market watchers in their recently released earnings reports. In addition, B2B venture capital (VC) went to FinTech firms and underbanked consumers and small businesses (SMBs) experienced banking hurdles. Here are the numbers: $4.9 billion | Visa’s revenue, according to its most recent earnings report for the first fiscal quarter, which ended in December 2017.
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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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