Chris Skinner
FEBRUARY 21, 2018
I know that I could get boring so won’t labour this one over and over again, but for people attending Eurofinance in Miami in May or Money 2020 in Singapore in March, I have great news for you! Both events are going to be promoting and launching my new book, Digital … The post Ever wondered what a digital human looks like? appeared first on Chris Skinner's blog.
Bank Innovation
FEBRUARY 21, 2018
British bank Lloyds has put aside £3 billion ($4.1 billion) for digital development and growth, the bank announced today. The investment will be spread out over three years, allowing the bank to expand its technologies in order to compete with the increasing number of fintechs and digital banking providers. The £3 billion is a 40% […].
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Chris Skinner
FEBRUARY 21, 2018
Things we’re reading today include … Bitcoin: MPs launch inquiry into digital currencies Zimbabwe and Kenya lead the way in Africa’s dash from cash Lloyds hails ‘landmark’ after return to private sector It would be useful to know what Corbyn really thinks of Lloyds | Nils Pratley Meet Cora, your … The post Things worth reading: 22nd February 2018 appeared first on Chris Skinner's blog.
Bank Innovation
FEBRUARY 21, 2018
EXCLUSIVE – Greenlight Financial Technology, a fintech startup for kids, has raised $16 million in a Series A funding round today, Bank Innovation has learned. Greenlight Technology is a combination of P2P and PFM features on a mobile app, and is unusual in that it focuses on children. It is no wonder that banks like […].
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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
FEBRUARY 21, 2018
The banking world is racing to get smarter via artificial intelligence (AI), but how can intelligence that’s artificial stack up to human expertise and the demands of human consumers? . To tackle this issue, companies are looking to infuse AI with a bit of humanity, help consumers better connect with computer-operated services and offer improved insights.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
FEBRUARY 21, 2018
This is not a test. Beware the credit card test. There may be no escaping credit card fraud, as it comes in one form or another. Overall, one subset of card fraud is on the rise: Last year, Radial’s eCommerce Fraud Technology Lab said credit card testing was up triple-digit percentage points on an annualized basis. Credit card testing is a way the bad guys use stolen card data to make sure an account is valid.
Bank Innovation
FEBRUARY 21, 2018
It’s not a great time for Japanese cryptocurrency exchanges. Weeks after a major heist, another Japanese cryptocurrency exchange reported a huge disaster that allowed users to buy bitcoin for free. One user even tried to cash in on 2,200 trillion yen ($20 trillion) after buying bitcoin at valued at that amount for zero yen, according […].
PYMNTS
FEBRUARY 21, 2018
Expense management firm Soldo is accelerating the pace at which companies can send money and receive payment via an API integration with Starling Bank. The companies announced news on Tuesday (Feb. 20) that Soldo is looking to provide real-time management and control of corporate expenses. Integrating with the challenger bank gives Soldo its own sort code and account number, the firms explained, further automating the movement of company cash.
Bank Innovation
FEBRUARY 21, 2018
EXCLUSIVE — Conversational AI company Clinc is looking to double its team and expand its partnerships in 2018. The company reported $4.5 million in revenue for 2017, a 1500% revenue increase since open its doors in 2016, according to company statements (which did not disclose its revenue for 2016). “We are working with top U.S. […].
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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
FEBRUARY 21, 2018
Lending to small businesses (SMBs) among top U.K. banks failed to grow last year, according to new data from the British Business Bank, which found evidence SMBs are turning to other sources of financing. “There is evidence that small businesses are exercising more choice,” said Keith Morgan, British Business Bank chief executive, in an interview with The Financial Times.
Bank Innovation
FEBRUARY 21, 2018
EXCLUSIVE— Shares of San Francisco-based online lender, LendingClub, fell as much as 11% yesterday after the company missed profit estimates and more than doubled its losses in its fourth quarter. The lender also grew its originations from last year, though its growth in that area remained flat from 3Q17. The lender, which reported earnings yesterday, […].
PYMNTS
FEBRUARY 21, 2018
Governments may not be too keen on bitcoin, but blockchain is another story. In fact, government authorities have begun to help fuel the proliferation of blockchain across the world. In this week’s Blockchain Tracker, PYMNTS runs through some of the latest moves from policymakers and the public sector as they explore blockchain’s potential.
Bobsguide
FEBRUARY 21, 2018
The benefits of improving customer experience in financial services continue to accelerate, particularly as the percentage of Millennials occupying the marketplace continues to increase. Today, banks’ core target customers are not only increasingly tech savvy, but also are used to functioning.
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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
FEBRUARY 21, 2018
It’s not enough for Walmart to simply offer everyday low prices and expect consumers to still make the trek to their local brick-and-mortar supercenter. Even traditionally offline retailers such as Walmart have to expand their omnichannel offerings to reach consumers. “Our strategy is to make every day easier for busy families,” Walmart CEO Doug McMillon has said.
Bobsguide
FEBRUARY 21, 2018
bobsguide caught up with Jason Kelley, Head of IBM’s Global Blockchain Services, at London Blockchain Week in January 2018. Jason shares his thoughts on ICO hype, what enterprises can reasonably expect from the ‘network of networks’, and how blockchain will be introduced to the.
PYMNTS
FEBRUARY 21, 2018
A former cryptocurrency exchange and its founder are facing charges from the Securities and Exchange Commission (SEC), the agency announced in a press release on Wednesday (Feb. 21). The commission alleges BitFunder and Founder Jon E. Montroll operated an unregistered online securities exchange and defrauded its users by misappropriating their bitcoins.
Payments Source
FEBRUARY 21, 2018
It would appear that momentum is continuing unabated for blockchain projects and ICOs (initial coin offerings), as the potential for blockchain continues to be realized.
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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
FEBRUARY 21, 2018
India bank RBL Bank is collaborating with Rupay and Oxigen to launch an expense management solution, according to news from The Economic Times of India on Tuesday (Feb. 20). According to the companies, their tool, which links business clients to a debit card solution to manage employee spend, is the nation’s first to provide automated Know Your Customer (KYC) for faster activation of cards.
NCR
FEBRUARY 21, 2018
When it comes to keeping ATM networks running effectively, a strong management program that ensures each individual machine is monitored and serviced regularly is a must. However, there is more to ATM management than everyday replenishment and maintenance. Occasionally, operators will find the need to recalibrate or reconfigure their devices, such as in to accept different note denominations in response to customer demand or new requirements.
PYMNTS
FEBRUARY 21, 2018
Today in PYMNTS data, Domino’s impressed in its Q4 earnings report, Amazon’s Alexa may soon get some additional artificial intelligence (AI)-powered skills, data breaches are more prevalent than people think, digital coupons are important to digitally savvy consumers and Walmart’s stock dip raises eyebrows. Here are the numbers: $93.3 million | Q4 net income for fast-casual pizza chain Domino’s, according to final numbers released Tuesday (Feb. 20), compared to last year’s $72.7 million.
Payments Source
FEBRUARY 21, 2018
Ripple, the San Francisco-based venture looking to rewire financial firms with Bitcoin’s underlying technology, said Latin America’s biggest bank by market value is among five new customers joining its international money-transfer network.
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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.
PYMNTS
FEBRUARY 21, 2018
After the Mueller indictments, do banks’ “day zero” identity verifications need a makeover? We’re referring, of course, to the act of opening a bank account from scratch, from the beginning – providing everything from name, address, Social Security number, identity documents and the like…. The data that belongs to you, except when it doesn’t. If the startling indictments from Special Counsel Robert Mueller ’s probe into Russian meddling into the 2016 elections show one thing in the payments worl
Payments Source
FEBRUARY 21, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Bitcoin gets criticized in the U.K. and gains some support in South Korea; Flight Sim Labs apologizes for intentional malware; A new Swift-related hack in India.
PYMNTS
FEBRUARY 21, 2018
As Priceline Group focuses in on its hotel and home rental business, the online travel company announced it had changed its name on Wednesday (Feb. 21). It is now known as Booking Holdings, according to CNBC reports. As a result, the company will change its NASDAQ ticker from PCLN to BKNG. Priceline grew during the dot-com era, when it ran advertisements promoting its “name your price” feature for booking flights, then went on an acquisition binge following the dot-com’s crash.
Payments Source
FEBRUARY 21, 2018
The internet giant, SunTrust, Ally and other backers have invested $16 million in a new funding round for Greenlight Financial Technology, further blurring the lines between banks and tech companies.
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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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