Bank Innovation
JULY 20, 2017
Banks are taking the battle for millennial customers where it belongs: mobile. Citibank and JPMorgan Chase users will now be able to link cards to PayPal via mobile, allowing customers of both banks to add cards before paying online and in-store via the PayPal mobile wallet, both banks announced today. These new mobile capabilities also […].
Chris Skinner
JULY 20, 2017
One of the presentations I particularly enjoyed at the EFMA meeting was from Gürhan Çam, Senior Vice President- Digital Banking at DenizBank, Turkey. You will all know by now that I love the innovations in retail banking in Turkey, and Gürhan didn’t disappoint. First, there is the fastPay Wallet. With fastPay you can do send money to a mobile phone, withdraw cash from ATM without a card, shop with fastPay businesses and top-up cash for prepaid cards.
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Payments Dive
JULY 20, 2017
Despite the predominance of digital banking, there's evidence customers are growing less satisfied with their digital banking experience.
Bank Innovation
JULY 20, 2017
Financial service executives are still concerned about regulatory changes, but the best response is to improve data aggregation and management services. This is according to a survey by AxiomSL, which found that 66% of regulatory executives believe their institution needs to make investments in data management. The majority of respondents noted that the best response […].
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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
JULY 20, 2017
Things we’re reading today include … Citigroup and Deutsche Bank give Frankfurt a Brexit boost Brexit transition deal: ‘The sooner the better’ says Goldman exec Would using an eye scanner make mobile banking secure? Revealed: The world’s 10 largest companies by revenue Bitcoin swings as civil war looms ECB warns stimulus programme still has a way to run U.S. attempt to limit Wall Street bonuses fizzles out quietly Regulating credit unions in Africa.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Abrigo
JULY 20, 2017
Allaboutrisk.com (AAR) recognizes Sageworks as a credit risk vendor in its 2017 Risk Software Report. AAR is the global leader for online news, product and innovation information on risk, compliance, and trading. The 10th annual report features 60 leading risk software vendors and consultants from around the world and across various industries based on categories such as credit risk, governance, risk and compliance (GRC), and IT security/cyber risk, to name a few.
Payments Dive
JULY 20, 2017
This white paper gives an overview of how digital merchants can acquire, monetize and retain users in emerging markets through carrier partnerships. Bundling products into the telco offering helps drive visibility, user growth and eventually revenue.
Insights on Business
JULY 20, 2017
See how open banking APIs are transforming financial services (and businesses, too!). What is “open banking”? I wasn’t particularly inspired by the Wikipedia definition , so I’ll give you mine. Open banking is a term that is associated with a broad set of initiatives that align to one of these three principles: Banking customers are empowered as the owners of their financial data. .
PYMNTS
JULY 20, 2017
Innovation foundation Nesta has announced the 20 FinTechs chosen to compete for a $6.5 million prize as the company looks to boost innovation in the small business banking space. As part of its Open Up Challenge, announced in February, Nesta called for FinTechs that are using APIs to disrupt small business banking. The 20 chosen companies will compete for the prize money used to develop next-generation services and apps for U.K. small businesses, Nesta explained, adding that each of the 20 firms
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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
Bobsguide
JULY 20, 2017
Every day companies around the world are finding new and innovative ways of exploiting public cloud technologies. The overall growth of cloud adoption continues to increase at double digit rates, and public cloud providers are facilitating unprecedented levels of innovation, agility, insight, and.
PYMNTS
JULY 20, 2017
A group of six multinational corporations in Switzerland is urging banks around the world to join SWIFT’s gpi initiative, news reports said Wednesday (July 19). ABB, Nestle, SBB and others reportedly sent an open letter to banks promoting their support for SWIFT’s gpi (global payments innovation) initiative and urging those FIs to take part in exploring how to improve cross-border payment processes.
Let's Talk Payments
JULY 20, 2017
The changing of the guard is upon us. Millennials now make up over 33% of the American workforce, and that number is only increasing. Currently, the financial stability of these.
PYMNTS
JULY 20, 2017
Cryptocurrency Ethereum price has jumped more than 50 percent, recovering from losses over the last several days. According to a report , not only did the cryptocurrency that competes against bitcoin have its biggest percent gain during the past 24 hours, but it also had double the volume of bitcoin. The report noted that as of Wednesday (July 19) there is a $10-billion difference between the market caps of bitcoin and Ethereum, and if the prices for Ether continue to increase Ether will be a re
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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
JULY 20, 2017
For the growing startup ecosystem, success can be measured by more than just financial transactions – there has to be a good fit between investors and startups. In addition to.
PYMNTS
JULY 20, 2017
India’s Axis Bank, which has strengthened its position in the global corporate banking and payments space, is offering a new service to SME clients. An announcement Wednesday (July 19) said Axis is rolling out Invoicemart, a digital invoice discounting platform for small businesses. The bank said its first set of transactions on the platform has already been successfully completed.
Bobsguide
JULY 20, 2017
It is an irreversible global trend that people’ lifestyles are increasingly dominated by digital channels. Across the entire spectrum of everyday services, from social, to professional, to consumer, banks are making the conscious decision to digitise both the consumer-facing and internal.
PYMNTS
JULY 20, 2017
With focus in the U.K. on small businesses as they struggle to survive late payments and restricted access to capital, the mid-market is facing its own challenges for growth. One of those hurdles, according to researchers at eProcurement software firm Wax Digital , is a lack of a digital procurement strategy, impacting the mid-market’s ability to effectively and strategically source suppliers and expand their supply chains.
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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
JULY 20, 2017
The prime brokerage market in the United States has experienced significant changes in the last decade. The financial crisis of 2008 brought a wave of new financial regulations that put.
PYMNTS
JULY 20, 2017
Digital Shadows , the industry leader in digital risk management, revealed its findings on the changing habits and tactics of organized credit card fraud gangs, discovering a new trend in the form of remote learning “schools.”. According to a press release , these schools — available to Russian speakers only — offer six-week courses comprised of 20 lectures with five expert instructors.
Payments Source
JULY 20, 2017
Same-day Automated Clearing House transactions exist, in part, as a first step in the faster payments initiatives taking place in the U.S. But are they lucrative enough for acquirers to add to their portfolio?
PYMNTS
JULY 20, 2017
Imagine growing up in a world where the internet — and the good and bad parts of it — has always existed. That’s the reality for those born in the mid-to-late 1990s, the group known as Generation Z, or “Gen Zers,” for short. As such, it should come as no surprise that social media has had a large influence on this group of young consumers.
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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
JULY 20, 2017
Ingenico's $1.7 billion deal to buy Sweden's Bambora will reduce the company's reliance on brick and mortar retail while arming it for battle in the highly competitive market for digital commerce and payments.
PYMNTS
JULY 20, 2017
At the core of every organization, the one element most cannot do without is money. Without it, businesses would likely shutter their doors for good. As smartphones become more prevalent, JPMorgan Chase analysts have predicted a cut in the Q4 iPhone shipment forecast for this year, which will likely have an impact on Apple’s overall finances.
Payments Source
JULY 20, 2017
As an industry, payment system providers and other IoT systems makers in all stripes and colors need to shift the paradigm and build in tamper-proof security based on their original configuration, writes Assaf Harel, CTO of Karamba Security.
PYMNTS
JULY 20, 2017
With companies from home improvement retailers to electronics manufacturers to clothing designers working to improve the online sales experience, good ideas can come from anywhere. In the latest PYMNTS.com Omnicommerce Tracker™ , powered by Vantiv, PYMNTS looks at the latest advancements in online retail technology that are powering a new kind of sales experience, focused on online and mobile capabilities for consumers. .
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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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