Thu.Jun 29, 2017

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7 Startups to Watch: Payments, Savings, Blockchain, and More

Bank Innovation

Knowing which startups to keep an eye on in fintech can be a full time job (for some, it is actually a full-time job), especially as more and more of them launch, get funding, and partner up with banks. Take a look at the seven startups Bank Innovation is watching this month below: bonify Berlin […].

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Why mobile is playing a starring role in creating a better customer experience

Payments Dive

Every retailer and restaurant is going mobile or has gone mobile but a successful strategy to meld it with the physical customer experience takes work. Lots of work.

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Credit Karma’s Revenue is Skyrocketing Thanks to Its Free Products

Bank Innovation

Free credit reporting company Credit Karma reported more than $500 million in revenue in 2016 — a 50% increase compared to the prior year — hitting 70 million members since the launch of its flagship product — credit monitoring — in 2012, the company announced this week. What’s the secret to its success? Free products […].

Report 285
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Did you realise it’s only 10 years since the iPhone was released?

Chris Skinner

It’s a decade since the iPhone launched. Steve Jobs unveiled the new phone on January 9th, 2007. The first iPhones were made available to the grubby hands of the public on June 29th, 2007, exactly ten years ago today. This was originally just for American consumers with the UK, France, and Germany following in November 2007, and Ireland and Austria in the spring of 2008.

Apple 211
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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

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Why Does Everyone Still Want an All-in-One-Card?

Bank Innovation

If you think the all-in-one-card is an overused idea that had its day years ago and has deservedly disappeared into oblivion, well, I don’t even know what to say to you. Actually, I do: I agree, and yet check out the Fuze card, now raising funds on Indiegogo. This all-in-one-card has raised nearly $2 million from more than […].

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More Trending

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U.S. Consumers Are Least Likely to Make International Online Purchases

Bank Innovation

Cross-border transactions may be getting easier, but most American consumers are sticking to online purchases inside of the United States. American consumers were the least likely group to make an online purchase outside of the country they are living in, according to a study conducted by Harris poll for Bloomberg Capital. The study surveyed approximately […].

Online 207
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How IoT And The Cloud Can Save A Restaurant

PYMNTS

There’s a lot more to running a restaurant than making good food and serving it with a smile — and no, we don’t mean listing the menu on GrubHub, UberEats or OpenTable. Restaurants have to follow regulations set by the food and health administrations, such as cleanliness guidelines and storing various foods at specific temperatures. It can be a lot for one owner to track, especially owners of multiple establishments or franchise locations.

System 193
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The most asked questions on global cash flow analysis: passive v. non-passive income/loss

Abrigo

During a recent Sageworks webinar , Linda Keith, CPA, covered the top questions she gets from bankers on k-1’s, pass-throughs and global cash flow analysis. Keith collected data from her website, where articles answering these questions collectively received over 66,700 views. Keith’s most viewed article on her site, with over 21,400 views, is “What does it mean when the k-1 income/loss is listed as ‘passive’ instead of ‘non-passive’”?

Analysis 150
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WWS Business Analytics Management

Payments Dive

WWS Business Analytics Management (WWS BAM) is the Data Analytics application module of the WWS software suite.

Analytics 199
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The State of Automation in Financial Services 2024 Report

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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True Streamlining Of The Payment Process

PYMNTS

The payments industry has increasingly grown more complex over the last decade. From credit card companies to retailers and consumers, there are many key stakeholders in the commerce process, both on and offline. Without proper payment processes in place, it’s likely that the entire retail ecosystem would either grind to a halt or favor one side over another.

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The Digital Trade Chain consortium’s trade finance project underscores important new use cases for blockchain

Insights on Business

This week’s announcement by the seven bank Digital Trade Chain Consortium is another strong indication that the “peak hype” discussions around blockchain are somewhat misplaced. This blockchain network to deliver a trade finance solution across Europe to support small and medium businesses stands out from the steady flow of other blockchain PoCs underway in several significant ways.

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Tommy Hilfiger Adds Innovative Chatbot Feature

PYMNTS

With artificial intelligence moving forward and many companies hopping on board, chatbots have become a pervasive force in the retail industry. Consumers’ desire to receive instantaneous responses from their favorite brands continue to drive chatbot popularity and are thus pushing innovation forward. One of the latest companies to begin challenging the chatbot status quo is fashion brand Tommy Hilfiger.

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Launch of Zelle Is Proof That FinTech Firms Have the Power to Sway Big Banks

Let's Talk Payments

Since its founding in 2009, Venmo has established itself as one of the premier peer-to-peer money transfer services and one of the most prominent names in FinTech. From its humble.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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NEW REPORT: In South Africa, Cash Is Still Right On The Money

PYMNTS

When it comes to smartphone penetration in Africa, South Africa leads the way. Yet mobile payments are failing to catch on. In South Africa, 37 percent of the country’s 55 million citizens have access to smartphones, however, using their phone to make payments isn’t their default choice. Cash continues to be the trusted and most-widely used payment method in the country, with over half of consumer transactions still being paid in cash.

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7 Biggest Security Mistakes in FinTech That Can Easily Be Avoided

Let's Talk Payments

It’s not just the “giants” that face cyber-crime. Everyone is familiar with the recent hacks into J.P. Morgan, Target, the US IRS, and Defense Departments.

Security 110
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Staples Acquired in $6.9-Billion Deal

PYMNTS

It’s been a rough time for Staples. From its CEO stepping down to its marketing pivot away from retail and missing its Q1 mark , this week’s news should come as no surprise. Staples has been acquired by Sycamore Partners for $6.9 billion in a deal that will be carried out by the end of December. Specifically, Sycamore agreed to buy the office supplies retail giant for $10.25 per share in cash.

Retail 124
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Keeping up with European market infrastructure regulations

Bobsguide

The G20 commitments have significantly increased the levels of disclosure, granularity, traceability, and regularity of reporting requirements across the globe. The high standards expected by regulators are a challenge to all market participants. The only thing that is constant with the regulatory.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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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RegTech And AI Tackle The Maddening Hurdle Of Conflicting Financial Policies

PYMNTS

Regulation has historically been a challenge for the financial services space, but considering today’s fast pace of change in both financial services innovation and regulation, compliance is increasingly becoming a headache. The compliance ecosystem has given rise to RegTech as technology companies deploy more sophisticated tools to help multinational corporations and financial services companies handle compliance demands.

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Macau ATMs scan faces to follow the money

Payments Source

Chinese bettors withdrawing money from some ATMs in Macau need to do more than punch in their PIN code. They also have to stare into a camera for six seconds so facial-recognition software can verify their identity and help monitor transactions.

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Blockchain Tracker: Making Strides To Mainstream

PYMNTS

While blockchain technology can be tough to regulate, it is making small strides into mainstream use. Some countries are timid about venturing into blockchain due to its tough-to-regulate persona. As such, this has traditionally made it difficult to take mainstream and implement in an impactful manner. However, there are signs that blockchain is making strides toward mainstream use.

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6.29.17: Your morning briefing

Payments Source

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: PayPal invests in LendUp; New finger pay pilot; Petya's worse than ransomware; Social payment apps offer plastic cards.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.

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Zmags Upgrades to Magento Select Partner Status

PYMNTS

Content company Zmags shared news this week about its ongoing partnership with Magento Commerce. During the MagentoLive UK conference in London, Zmags was upgraded to Magento Select Partner status. In this strategic partnership, Zmags will be combining its Creator tool into the Magento platform. With this, businesses will be able to seamlessly create content and then engage with consumers across all channels.

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An Alexa-like approach to wearable payments

Payments Source

The Token ring's approach is reminiscent of Amazon's Echo devices, which are bland monolithic speakers that can be loaded with "skills" to enable them to place calls, make purchases, activate light switches and tell jokes.

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Pampers Unveils New Loyalty Rewards Program

PYMNTS

With eCommerce pushing competition to a higher level, it should come as no surprise that all brands are looking for new ways to raise the bar. The latest company to up its game when it comes to engaging and retaining its customers? Pampers. The disposable diaper company, which also sells toddler training pants and wipes, recently shared news that it has upgraded its mobile app on Android and iOS to include loyalty rewards for avid consumers.

Training 110
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An Apple and a Deere walk into a tech barA tale of unlikely bedfellows

Matt Wilcox Pro

Returning from a camping trip, Henry Ford, yes, that Henry Ford, saw a farmer repairing a car. That the farmer’s car wasn’t a Ford didn’t stop Henry, an irrepressible tinkerer, from hopping out of his own car, which was a Ford, to help. In no time the farmer’s car was running again, whereupon the farmer offered [.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.