Bank Innovation
JUNE 11, 2018
PREMIUM - Financial institutions and fintech startups have realized the potential in working with the enormous and previously untapped market of underbanked consumers. The means of assessing creditworthiness are as varied as the alternative data points companies are starting to use. From psychometrics to gauge the propensity to pay back, to the blockchain and geolocation […].
Chris Skinner
JUNE 11, 2018
Things we’re reading today include … Indian billionaire ‘on the run over a alleged bank fraud’ seeks asylum in Britain Bank of Chile trading down after hackers rob millions in cyberattack Blockchain Cannot Yet Support Financial Market Infrastructure Fintech threatens to eclipse banks that do not adapt digitally HSBC’s new … The post Things worth reading: 12th June 2018 appeared first on Chris Skinner's blog.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Bank Innovation
JUNE 11, 2018
While many businesses have goals, few are moving towards them as successfully as Instabank. In its two years of operation, it has already issued loans totaling over $370 million in Norway and expanded into Finland. Like many other challenger banks, Instabank offers lending products through its website, but the bank has taken their goal of […].
Payments Dive
JUNE 11, 2018
With growth in omni-channel payments, avenues for fraud are growing FSS Risk Analytics As-A-Service incorporates, machine learning and event correlation to proactively contain risk
Advertisement
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
JUNE 11, 2018
PREMIUM —In 2013, Bank Innovation asked readers to predict the state of innovations in banking for 2018. Data collected in the September 2013 Bank Innovation survey showed that our readers had excellent foresight into the current innovations and challenges of the fintech industry. For instance, one respondent posted that “customers will interact with their banks […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
JUNE 11, 2018
Customer satisfaction is the best way to measure the success of a banking app. Even with the most innovative features, if a mobile app doesn’t please customers, then what’s the point, right? As the smartphone becomes the most popular channel for people do their banking, the pressure is high on banks to have a good […].
PYMNTS
JUNE 11, 2018
In the pharmacy business, convenience is often seen as the key to success. Industry giants like CVS Health, Walgreens and Express Scripts, Inc. have become household names, enabling more than 50 percent of prescription drug sales in the U.S. by giving customers what they want most: a smooth, simple experience. Consumers want to refill prescriptions online or on their mobile phones, and they also want to be able to chat with their pharmacists.
Bank Innovation
JUNE 11, 2018
With threats of security and fraud lurking around everywhere, authentication is becoming increasingly important. Some banks and financial institutions are exploring the use of biometrics for login authentication on their mobile apps and websites. Hard tokens and soft tokens are other forms of prevalent authentication. Hard token is a type of authentication, where the credentials […].
PYMNTS
JUNE 11, 2018
Loyalty programs can come with two challenges for retailers: getting consumers to sign up, and then making them feel like the rewards are worth the program. Some merchants are quick to think big to tackle these issues, offering hundreds to thousands of rewards points for the simplest of acts, such as downloading a merchant’s app. All those points come at a marketing cost and liabilities on the balance sheet, but still don’t guarantee loyal customers.
Advertisement
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
Payments Source
JUNE 11, 2018
Since addresses are recorded in the blockchain, it is possible to trace each transaction where the address was used, which aids in AML, according to Ron Teicher, CEO of EverCompliant.
PYMNTS
JUNE 11, 2018
Before the internet made car pricing transparent, a car’s value was a big unknown for the consumer. Buyers would dealer-hop, negotiate for hours and do the back-and-forth between dealers before, mostly out of sheer exhaustion and frustration, buy a vehicle. Still never knowing if they’d gotten a good deal on the purchase, or their trade. According to Scott Painter, founder of TrueCar and (more recently) the Fair app , the post-digital age of shopping is very, very different.
Payments Source
JUNE 11, 2018
New Jersey’s commuter rail and bus system is joining the movement to add contactless payment options for commuters, which observers say could spark broader adoption of mobile payments across the U.S.
PYMNTS
JUNE 11, 2018
Cryptocurrencies fell fast in just a few hours due to a flash crash that wiped out $15 billion. According to News BTC , the crypto markets fell more than 6 percent over a day, with bitcoin kicking it off by shedding $300 in just over an hour and 4.5 percent on the day. And as BTC points out, since all cryptos are tied together, if a big one falls, they all do — and often harder.
Advertisement
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.
Bobsguide
JUNE 11, 2018
At Money20/20, bobsguide and PaymentEye caught up with Transact Payments (TPL) and GATE about their new partnership, the future of e-wallets, the interplay between US and EU paytech and the growing role of crypto in the payments space.
PYMNTS
JUNE 11, 2018
In their ongoing mutual mission to make coffee purchases more rewarding, Starbucks and Chase are rolling out the Starbucks Rewards Visa Prepaid Card. The product, the first of its kind, allows users to earn Starbucks Stars (the official currency of the Starbucks rewards program) outside the walls of a Starbucks in other retail locations where they use the card.
Payments Source
JUNE 11, 2018
Mastercard's Cardless ATM service, developed with Diebold Nixdorf, resembles the technology many banks have adopted in the last few years — but Mastercard's offering sheds the limitation of being tied to a specific bank's ATMs.
PYMNTS
JUNE 11, 2018
Germany’s Commerzbank is no stranger to takeover talks. Last year, Italy’s largest bank, UniCredit, was reported to have interest in merging with the German financial institution. Now, Commerzbank could be the takeover target of a fellow bank closer to home. Reports in Bloomberg said Deutsche Bank is said to be considering a merger with the nation’s No. 2 FI.
Advertisement
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
JUNE 11, 2018
Merchants that want to use technology to boost sales can establish in-house systems labs to test new payment technology and apps, or find an external lab to do so.
PYMNTS
JUNE 11, 2018
In news that might please frat boys, fans of European beer and owners of man caves, Heineken has started online sales of its home tap machines and the two-liter kegs that work with it. On a more serious note, the move represents the latest effort to bring more alcohol sales online, one of the more challenging eCommerce propositions, even this far into the digital era.
Payments Source
JUNE 11, 2018
Protecting customer data should have always been a priority for companies. With GDPR, they now have a framework for teams across the organization to adopt and protect their customer data, writes Shanthala Balagopal, a product marketing executive at Helpshift.
PYMNTS
JUNE 11, 2018
USAA , the insurance company and bank serving current and former military members and their families, filed a federal lawsuit against Wells Fargo Bank over its use of USAA’s RDC technology. According to Digital Transactions News , the lawsuit, filed in U.S. District Court in Marshall, Texas, accuses Wells Fargo of infringing on four of its mobile remote deposit capture patents.
Advertisement
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
JUNE 11, 2018
Royal Bank of Canada is one of three Canadian banks with a presence in the Caribbean, and is deploying contactless card readers throughout the region to ride a wave of digital payment adoption.
PYMNTS
JUNE 11, 2018
To bring eCommerce truly global … decentralize? As in: decentralized marketplaces, and decentralized money, done digitally and privately. OpenBazaar bills itself as a new way to do commerce online. In an interview with PYMNTS, Brian Hoffman, the CEO of OB1, the parent company of OpenBazaar, said the peer-to-peer nature of what he termed the “world’s first and only decentralized marketplace” is one that sets the business model apart from strongholds such as Amazon and eBay, and illuminates the ad
Payments Source
JUNE 11, 2018
Cross-border payments firm Payoneer is seeing growth in Asia from local marketplaces, digital platforms, and merchants selling internationally. It is also benefiting from a rise in payments from India to foreign marketplaces and contractors.
PYMNTS
JUNE 11, 2018
The face of the small business owner is changing, and not only because millennials are coming into their entrepreneurial age. New data from the Bureau of Labor Statistics published last week offered the U.S. a look at just how large the gig economy has become, with more professionals opting to be their own boss – at least part-time. According to the Bureau, 16.5 million individuals have “contingent” or “alternative work arrangements,” reports in The Guardian said.
Advertisement
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.
Expert insights. Personalized for you.
225 
Let's personalize your content