Chris Skinner

SEPTEMBER 1, 2017

Before 2010, I was writing a lot about technology but it was all heavily geared towards regulations. It was pretty dull, to be honest, but worthy. MiFID and PSD were top of mind, along with Basel III and other global, European and domestic regulations. I wrote a lot about regulations. … The post Slow regulations versus fast tech appeared first on Chris Skinner's blog.

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Regulation Technology Digital Banking Innovation 343

Bank Innovation

SEPTEMBER 1, 2017

India may overtake China as the world’s leader in fintech service adoption, according to a report released by Ernst & young, entitled EY FinTech Adoption Index 2017. The report analyzes different nations’ fintech usage in five categories – money transfer and payments, borrowing, savings and investment, financial planning and insurance – to determine not only […].

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Abrigo

SEPTEMBER 1, 2017

Retaining the “right” clients for your accounting firm and taking the time to develop loyal relationships with those clients should be a high priority, according to practice management consultant Charles Hylan. It is significantly more expensive to attract a new client to an accounting firm than to invest in client retention, he says. In addition, without cultivating relationships with the “right” client, accounting firms are apt to be replaced eventually by competitors – or perhaps even technol

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Bank Innovation

SEPTEMBER 1, 2017

E-commerce payment service provider, Klarna is the highest funded fintech company in Europe, according to a new report released by CB Insights. The report, released earlier this week, lists the top highest funded fintech companies in Europe. The list is topped by Klarna, which received $598 million in funding from, among others, Visa and U.S. […].

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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

Lending

Bobsguide

SEPTEMBER 1, 2017

50 years ago, a new technology swept across banking, transforming the way that consumers interacted with their financial institutions and their money. The launch of the first ATM (or cash machine), in London by Barclays, heralded a new, consumer driven focus for retail banks, with customers deciding.

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PYMNTS

SEPTEMBER 1, 2017

Don’t let the lack of news about mega-grossing venture capital (VC) rounds fool you. This week’s B2B venture capital activity led to an impressive $141.2 million in total funding across nine rounds, with startups ranging from corporate travel and expense (T&E) management and small- and mid-sized business (SMB) accounting to artificial intelligence and beyond.

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Bank Innovation

SEPTEMBER 1, 2017

EXCLUSIVE—With the new “Pay It, Plan It” features announced this week, credit provider American Express is banking on a more debit-like functionality to gain customers. But will that approach work? While Amex remains at the top of the credit stack in terms of payment volume, its market share has been declining as banks like Chase and […].

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PYMNTS

SEPTEMBER 1, 2017

Orbita CEO Bill Rogers has a relative with dementia. As dementia patients often do, she repeats a lot of the same questions, and it drives her aging husband crazy. But there’s someone who’s happy to answer those questions as many times as she asks, and she never gets impatient. That person’s name? Alexa. Voice-activated technology has a lot of potential in healthcare.

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Bank Innovation

SEPTEMBER 1, 2017

Ant Financial, which operates Chinese internet giant Alibaba’s Alipay mobile payment app, just made two maneuvers to gain ground in its war against Tencent for dominance of the Chinese mobile payments market: one on the domestic front, and one on the international front. First, the company announced on Wednesday that it would introduce a new […].

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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

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PYMNTS

SEPTEMBER 1, 2017

The cybersecurity industry has some of the brightest minds in technological innovation focused on safeguarding the enterprise. The problem? Some of the brightest minds are also using their talent to create ever-more sophisticated cyberattacks. “Cybersecurity is a constant cat-and-mouse situation,” explained Dominic Chorafakis, principal consultant at cybersecurity firm Akouto Consulting , in a recent interview with PYMNTS.

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Bank Innovation

SEPTEMBER 1, 2017

A virtual currency initiative led by UBS Group AG has gained six new members, including banks Credit Suisse and Barclays, to further develop the initiative’s Utility Settlement Coin project. Other members joining the roster, announced yesterday, include HSBC Holdings, State Street Corp., Mitsubishi UFJ Financial Group, and the Canadian Imperial Bank of Commerce.

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PYMNTS

SEPTEMBER 1, 2017

Amazon is meeting its customers where they are. In the U.K., the eCommerce giant is letting shoppers load up their accounts using cash, and in the U.S., it’s leveraging that new partnership with Whole Foods to make picking up or returning Amazon goods even easier than ever. It’s also poised to deal another blow to the retail market with a new fashion algorithm that caters to consumers’ love for cheap, trendy clothing.

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Bank Innovation

SEPTEMBER 1, 2017

Elle Mae, a cloud-based mortgage origination company, agreed to acquire Velocify, a sales acceleration platform for $128 million in cash. The acquisition, which was announced yesterday, is expected to close in the fourth quarter of the year. Elle Mae will combine Velocify’s management team with its Encompass CRM division, based on the announcement.

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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.

Lending

PYMNTS

SEPTEMBER 1, 2017

As consumers grow increasingly accustomed to getting what they want, when they want it, eCommerce and brick-and-mortar companies are both stepping up their courier services to meet the demand. Same-day delivery startup Deliv is one of those firms, and it’s aiming to capture a bigger slice of the delivery market. Deliv recently announced news that it is expanding its same-day delivery capabilities from 19 markets to 33, and will now offer courier services in 1,400 cities, according to a report

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Let's Talk Payments

SEPTEMBER 1, 2017

India is again setting the bar high for another important topic – Privacy. The data belongs to the user and not to the custodian (bank or anyone else). In a.

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Data US Fintech Payments 109

PYMNTS

SEPTEMBER 1, 2017

Cloud accounting company Acuity is teaming up with corporate payments firm Veem (formerly known as Align Commerce) to streamline cross-border B2B payments. The companies revealed their partnership in an announcement Thursday (Aug. 31) and said Veem will now link its B2B clients to Acuity’s accounting services, while Acuity will integrate Veem’s international wire transfer solutions directly in its platform.

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NCR

SEPTEMBER 1, 2017

Financial services providers today should always be looking for fresh, innovative ways to solve problems and overcome challenges. Those challenges could relate directly to the experience of the customer , to the performance of the business, or both. When it comes to finding solutions to the various issues banks and their customers are likely to encounter on a daily basis, one concept that is growing in significance is design.

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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.

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PYMNTS

SEPTEMBER 1, 2017

Consumers looking for same-day delivery of televisions, computers and other electronic items can now benefit from an expanded feature at Best Buy. The retail chain will be rolling out its same-day delivery service to 14 new cities in addition to the 13 towns where the swift delivery service is already in operation. The new feature is cited as a bid to stay on track with rivals Walmart and Amazon , according to a report from Bloomberg.

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Let's Talk Payments

SEPTEMBER 1, 2017

MEDICI now! Startup Stories highlights companies that are shaping the new financial technology industry. So, keep an eye out each week for new stories! If you or someone you know.

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Financial Technology Industry Technology Company 92

PYMNTS

SEPTEMBER 1, 2017

Visitors to Los Angeles’ Century City Mall will see the results of a billion-dollar renovation this fall, including a top-level place to wait for their rides. Westfield Corp. , which operates shopping malls nationwide, including the Century City location, is adding a premium Uber Lounge to the location as part of a partnership with the ride-sharing firm, Chain Store Age reports.

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Payments Source

SEPTEMBER 1, 2017

To continuously build strong customer relationships, there should be an incentive structure within a custom token, where quality reviews by industry players are rewarded using the tokens, writes Denatacoin's Mariam Nishanian.

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cryptocurrency Industry Conference blockchain 74

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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.

Compliance

PYMNTS

SEPTEMBER 1, 2017

New analysis by insurance company Zurich finds larger corporates are usually to blame for late supplier payments. Reports Thursday (Aug. 31) said Zurich’s new report finds that 53 percent of late payments owed to U.K. small businesses are from companies larger than themselves. Researchers calculated the average value of late payments at more than $21,000.

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Study Payments Analysis Survey 101

Bobsguide

SEPTEMBER 1, 2017

The latest research into digital banking's future: Four key takeaways. Alex Hammond, Managing Editor, bobsguide. Juniper Research published a white paper titled Futureproofing Digital Banking 2017, in which it highlights its research data focused on the current state of the.

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PYMNTS

SEPTEMBER 1, 2017

Workforce management solutions provider ZeroChaos is growing via acquisition. The company announced news on Thursday (Aug. 31) that it reached a deal to acquire Loki Management Systems, another workforce management software company. Financial details of the takeover were not reported by their company. “Loki is a strong software platform, providing functionality that fits well with our existing ZCWeb technology,” explained ZeroChaos CEO Michael Werblun.

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Payments Source

SEPTEMBER 1, 2017

Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Nets considers suitors; Cryptotokens for art; Bleep forms an ISO; A new blockchain accelerator.

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blockchain 64

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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.

Lending