Payments Dive
DECEMBER 20, 2018
Jeff Kagan explains why he believes Amazon Pay could have a successful future as a payment method in the retail world, even though these retailers are arch competitors with Amazon.com.
Chris Skinner
DECEMBER 20, 2018
Just looking through the stats for the last year and it gives you an insight into what’s hot and what’s not. So here are the ten most popular blog posts of 2018: In at Number 10 is: Who are the hottest FinTech firms and Influencers around the world? This blog … The post The top blog posts of 2018 appeared first on Chris Skinner's blog.
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Payments Dive
DECEMBER 20, 2018
We are excited to bring two leading customer experience events to one place! The Interactive Customer Experience (ICX) Summit is about looking at the interactive technologies that are furthering the customer experience. CONNECT: The Mobile CX Summit is about learning the innovative ways mobile has helped to boost the customer experience.
Bank Innovation
DECEMBER 20, 2018
A lot was said and done in the world of banking and fintech in 2018. In the midst of all the competition and collaboration, leaders emerged from all corners of the industry. Here are Bank Innovation’s five most influential people of the year, determined by editors’ choice, in no particular order: Jamie Dimon, JPMorgan Chase […].
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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
DECEMBER 20, 2018
Things we’re reading today include … U.S. Bank Regulators Warn of ‘Living Will’ Shortcomings at Four Foreign-Owned Banks Deal of the year: Digital banks India’s Assault on Central Bank Autonomy Is Just Starting Malaysia seeks $7.5 billion in reparations from Goldman Sachs: FT Co-author of Danske trades memo among arrested … The post Things worth reading: 21st December 2018 appeared first on Chris Skinner's blog.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
DECEMBER 20, 2018
Attention lawyers: Robinhood is hiring. The mobile trading startup’s legal department seeks an attorney with “experience in securities and broker-dealer regulatory and compliance issues who is excited to work at the intersection of regulation, technology, and finance,” to become its regulatory counsel. The job listing comes just a week after the company’s now infamous announcement […].
PYMNTS
DECEMBER 20, 2018
The French Data Protection Authority said Thursday (Dec. 20) that it fined Uber $460,000 over its 2016 data breach that exposed the data on 57 million customers and drivers across the world. Uber paid hackers to hide the breach for about a year before it was disclosed. According to a report in Moneycontrol.com , the French Data Protection Authority said the data breach could have been prevented by implementing “certain elementary security measures.” The French government joins a grow
Bank Innovation
DECEMBER 20, 2018
On the surface, a financial services marketing strategy is not completely different than a marketing strategy for any other industry. The crucial difference, though, is the higher and more demanding standard that financial services have from their customers. A financial services marketing strategy must be more rigorous and well-thought-out in order to be successful.
PYMNTS
DECEMBER 20, 2018
Morgan Stanley wants to make it easier to acquire new tech from startups as well as pick up the pace of collaboration amid concerns from FinTechs that partnering with big banks can be slow and expensive. According to a report in Reuters citing Shawn Melamed, Morgan Stanley’s head of technology business development and innovation office, Melamed said the company is streamlining documentation and expanding the instances where executives can look at new products in an effort to improve partn
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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
Payments Source
DECEMBER 20, 2018
The digital ID market has massive potential, but many fundamental problems that must first be overcome. Among them: The companies best positioned to provide a viable digital ID platform are not the ones best positioned to benefit from it.
PYMNTS
DECEMBER 20, 2018
From using instant messaging to getting directions and shopping online, consumers are constantly generating a trail of data about their preferences and whereabouts. However, while all that happens in the background, consumers are growing increasingly wary of how their data is collected and stored. With data breaches making headlines almost every other day, consumers want to know that their data is being protected, and that it’s not being used in ways they don’t approve.
Bobsguide
DECEMBER 20, 2018
Long feted as the bread and butter of banks, balance sheet lending is the cornerstone of banking activity. Understanding the mechanics and monitoring of loans is crucial to earning a return from borrowers. The lifecycle of lending is the foremost consideration when investing in loan management.
PYMNTS
DECEMBER 20, 2018
Amazon announced on Thursday (Dec. 20) that it’s planning to lower some of the fees it charges to third-party sellers, according to a report from Reuters. The marketplace unit allows third-party sellers, which make up more than 50 percent of all the units Amazon sells, to sell items on Amazon’s site and its app. Analysts at Baird, an investment and financial services company, said the move will benefit customers.
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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.
Bobsguide
DECEMBER 20, 2018
Historically, the mantra that many fintechs have clinged to despite possessing many features of traditional financial services is ‘we are not financial institutions’ The rationale behind that distinction is that during the sector’s infancy it was true, giving companies the.
PYMNTS
DECEMBER 20, 2018
Bitcoin, the leading digital currency, is having a bit of a resurgence this week. Surpassing $4,000 for the first time in two weeks, this is seen as a breakout from a decline that has been going on for some time now. According to a report in CNBC , citing CoinDesk, the price of bitcoin gained close to 7 percent in trading on Thursday (Dec. 20) hitting $4,037.
Payments Source
DECEMBER 20, 2018
Web attacks spike around the holidays, creating a higher risk for malware, phishing and other crime, according to Ryan Wilk, vice president of customer success for NuData Security, a Mastercard company.
PYMNTS
DECEMBER 20, 2018
Adoption of cryptocurrency by large fund managers is being hurt by the difficulty cryptocurrency exchanges and traders located in Asia are having trying to get insurance to protect against hacks and theft. Reuters , citing analysts, reported that obtaining insurance would be a huge step in bringing legitimacy to the cryptocurrency market and enabling the exchanges and Asian traders to lure investment dollars from mainstream fund managers.
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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
DECEMBER 20, 2018
Litecoin founder Charlie Lee says he’s focusing on increasing use of the eighth-largest cryptocurrency rather than dwelling on his fortuitous decision a year ago to sell all his holdings at the height of the digital-asset market bubble.
PYMNTS
DECEMBER 20, 2018
Chinese telecommunications and technology company Huawei has another obstacle in its continuing troubles lately as two huge banks cut ties with it, according to The Wall Street Journal. HSBC and Standard Chartered, two companies that were instrumental in giving the company access to the global financial market, have said they won’t provide Huawei with any new banking or funding because the company is too high of a risk.
Payments Source
DECEMBER 20, 2018
The battle between Apple Pay and the Swiss banks' payment app, TWINT, is nearing a conclusion with Apple agreeing to no longer interfere at the point of sale when a consumer is attempting to make a purchase with TWINT.
PYMNTS
DECEMBER 20, 2018
The United States Department of Justice announced on Thursday (Dec. 20) that it’s bringing charges against two Chinese nationals for an alleged global hacking campaign that affected multiple companies and military branches, including 100,000 members of the U.S. Navy, CNBC reported. The men, Zhu Hua and Zhang Shilong, are accused of conspiracy to commit computer intrusions, wire fraud and aggravated identity theft.
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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
DECEMBER 20, 2018
The information you need to start your day, from PaymentsSource and around the Web Today: Square refiles for a bankiing license; UBS gets an AML fine; P2P for crypto; Digital receipt fintech Flux attracts investors; Coinbase offers cryptocurrency education.
PYMNTS
DECEMBER 20, 2018
Student loan debt in the U.S. has set a new record, hitting $1.465 trillion in November, according to a new analysis by Bloomberg. According to Bloomberg’s analysis of student loan securitization data, the debt level is more than double the $675 billion in student loan debt back in June of 2009. That was when the Great Recession ended. Bloomberg found that people who took out student loans in 2012 have defaulted at a quicker pace than any other borrowers since the financial crisis, and that loan
Payments Source
DECEMBER 20, 2018
Established as a transit-fare and small-value payment card in Hong Kong nearly 20 years ago, the Octopus Card is making a transition to a virtual prepaid card for online shopping.
PYMNTS
DECEMBER 20, 2018
Dynamic pricing promises to keep making strides in 2019, with vendors updating their repricing software (“repricing” is another term for “dynamic pricing”), and online sellers engaging in increasingly fierce competition to win the buy box. But there is danger — the temptation to race to the bottom when it comes to prices — in a race that often has merchants trying to win transactions away from Amazon.
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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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