Payments Dive

MAY 3, 2019

Southeast Asian countries face unique challenges in terms of growing a payments ecosystem amid Chinese dominance of the e-commerce space.

Payments 339

Payments Marketing 339

Bank Innovation

MAY 3, 2019

You may not have heard of the term “Silicon Alley,” but I am sure you are aware of the game-changing financial technology that is emanating from it. “Silicon Alley” was initially coined in the mid-1990s as a way to group media startups housed around the Flatiron neighborhood of Manhattan. I hope that doesn’t give you […].

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Meeting blockchain Fintech Financial Technology 282

PYMNTS

MAY 3, 2019

Payments don’t always have to be just about the cards. That’s the big message being sent throughout the payments world as PSD2 and other FinTech efforts spark innovation and give consumers, companies and other organizations more methods to pay — methods that better match the preferences of those participants, payments that feature more speed and less friction than was often the case before.

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Payments Innovation Fintech Cards 209

Bank Innovation

MAY 3, 2019

Ben Robinson, chief strategy officer of Temenos, has left the company. Robinson was a key member of Temenos’s innovation operation, taking a leadership role, among other responsibilities, in managing Temenos’s engagement with the fintech startup ecosystem. Bank Innovation believes he reported to Max Chuard, Temenos’s CEO. Robinson was based in Geneva, Switzerland, where Temenos is […].

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Strategy Company Leadership Innovation 170

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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

PYMNTS

MAY 3, 2019

Migrants make up a substantial portion of the economy in India. By some recent accounts , more than 100 million migrants are participating in the nation’s workforce — one-fifth of the nation’s workforce. Many of these workers travel from rural, low-income regions, hoping that work opportunities in urban areas will enable them to support their families.

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Payments System Security ATM 195

PYMNTS

MAY 3, 2019

The British Government has announced that it will protect the future of cash to make sure the proliferation of digital currency doesn’t affect portions of the population who rely on physical money every day. Chancellor Philip Hammond said there’s going to be a new group to tackle the issue, and that it will be chaired by the treasury and will include regulators and the Bank of England.

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Leadership Regulation Groups Community 192

Bank Innovation

MAY 3, 2019

Citigroup Inc. isn’t just teaching traders how to code, it’s also making sure its coders know how to trade. The company has invited second- and third-year analysts from across its markets and technology teams to apply for Citigroup’s newly formed Markets Acceleration Lab. The firm hopes to select around 12 people to be part of […].

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How To Marketing Technology Company 150

PYMNTS

MAY 3, 2019

Blockchain payments company Pundi X has announced plans to launch Open Platform, a tool to enable developers and businesses to create blockchain solutions. In a press release on Thursday (May 2), Pundi X said Open Platform will let developers and corporates list digital tokens, and create custom XPASS cards. These cards are physical crypto wallets that allow users to top up digital assets and make payments with sellers that use the XPOS, its blockchain-powered, wireless point-of-sale (POS) solu

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blockchain cryptocurrency Compliance Cards 190

Bobsguide

MAY 3, 2019

As market participants, lawyers and industry bodies continue to raise questions over Open Banking use cases, Nationwide has embarked on an alternative approach to target 13m underbanked consumers. “We’re not doing this for PR reasons but because we genuinely want to shift the dials in.

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Industry Marketing 103

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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

MAY 3, 2019

The flow of money and data across borders is developing a new ecosystem in which payments data has as much value as the funds themselves. In business-to-business (B2B) payments, application service provider Brandwise has tapped Fundbox to help provide net terms for suppliers, buying agents and retailers. And, in retail, hair color is a big business (especially in the United States), while meal kit companies are thinking outside the box.

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Payments United States Survey Data 184

Bobsguide

MAY 3, 2019

Initial proposals by the US Commodity Futures Trading Commission (CFTC) to amend swap data regulations raises several concerns, say lawyers and consultants. “The proposal is somewhat vague as to the process for how swap data repositories must give the CFTC the open swap data reports, and I.

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Data Regulation US Report 100

PYMNTS

MAY 3, 2019

Facebook has been meeting with financial firms and online merchants as it makes plans to launch its own cryptocurrency-based payments system. The social media giant has been working on the project — code-named Project Libra — for more than one year, with it centered around the company’s own digital coin that users could send to each other, as well as use to make online purchases.

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Payments social media cryptocurrency Bitcoin 181

Payments Source

MAY 3, 2019

Wells Fargo & Co. said it expects to refund certain fees paid on debit-card accounts as it reviews disclosures that may have confused customers.

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Cards Compliance 105

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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

MAY 3, 2019

Homeland Security ’s cybersecurity agency has issued an advisory about a popular gas station software that has flaws, making it highly vulnerable to hacking. The Cybersecurity and Infrastructure Security Agency (CISA) gave the Orpak SiteOmat software a vulnerability severity rating of 9.8 out of 10, revealing that it has several security vulnerabilities that require “low skill” to exploit.

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Software Security System Payments 180

Bobsguide

MAY 3, 2019

European market participants will feel the impact of Hong Kong’s proposal to remove 17 jurisdictions from the masking relief of its reporting obligations. “A lot of European financial institutions would have clients or counterparties in Asia or Australia, so it may be a small number.

Marketing 92

Marketing Report 92

PYMNTS

MAY 3, 2019

Traditional payment practices are rapidly being retired as faster disbursement solutions become available. From the gig economy to small businesses (SMBs) and the restaurant industry, workers and business owners alike have clearly gotten a taste for instant payments, and have little appetite for going back to old practices. The latest Disbursements Tracker showcases the various players and new solutions launched in recent years that are helping workers and merchants to quickly connect to capital

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Cards Capital Online Resources 163

Insights on Business

MAY 3, 2019

As the rise of digitalization continues to transform wealth management, and firms attempt to keep pace, the ways in which financial advisors and clients interact are evolving as well. We expect that future interactions will be powered by smart platforms that connect data from internal and external sources to create a seamless, omni-channel experience.

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Management Data Meeting Branding 87

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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

MAY 3, 2019

Regulators from New York got the nod from a judge to move forward with their lawsuit aimed at stopping FinTechs from offering banking services on a national level. According to a report in MarketWatch citing court proceedings, Manhattan Federal Judge Victor Marrero ruled Thursday (May 3) the New York State Department of Financial Services can move forward with its lawsuit against the Office of Comptroller of the Currency.

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Fintech New York National Regulation 156

Insights on Business

MAY 3, 2019

As the payments ecosystem in Canada continues to expand and evolve, IBM is looking forward to participating with industry leaders, innovators and challengers at the upcoming the Payments Canada Summit , taking place in Toronto on May 14-16, 2019. With Canada’s comprehensive payments transformation in full swing, and with many new developments, players and recent announcements shaping the future of payments in Canada, the Summit will be abuzz with an array of topics, engaging sessions and thought

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Payments Fraud Security Innovation 87

PYMNTS

MAY 3, 2019

Small businesses (SMBs) are rarely early adopters of new financial technology (FinTech). However, with business owners and entrepreneurs often taking a page out of their personal lives as consumers, the eventual adoption of emerging solutions is an inevitable part of FinTech innovation. It seems that’s the journey for cross-border payments, which are in the midst of a digital disruption as innovators focus on addressing a range of friction points, from sluggish speeds to high costs.

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Payments Fintech Customer Experience Technology 151

Payments Source

MAY 3, 2019

Facebook’s pursuit of a crypto-based payment system would seem to be filled with potholes and red flags. The social network’s stealth project isn’t much of a secret, and another Facebook virtual currency has already failed years earlier. But Facebook also has a lot in its corner — enough to threaten the e-commerce and payment processing establishment, should its crypto project take off.

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System Payments cryptocurrency 90

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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

MAY 3, 2019

The U.K. online delivery market has so far been dominated by Amazon, but a popular new player, Ocado, has warehouse robots that travel three times the speed of Amazon’s, according to a report by Bloomberg. Investment firm Peel Hunt said analysts James Lockyer and Damindu Jayaweera were “underwhelmed” by Amazon’s automation investment after they visited the company’s U.K. warehouse — ostensibly the most technologically advanced in Europe.

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Florida Regional Groups America 143

Payments Source

MAY 3, 2019

Transaction fraud, attacks, compliance and political uncertainty are a toxic mix, argues Ian Stone, CEO of Veualta.

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Compliance Fintech Fraud Payments 105

PYMNTS

MAY 3, 2019

Google is testing a new feature that has shopping links placed underneath YouTube videos, according to reports. The company displays a recommended product along with its price, and clinking on the link will take a user to Google Express, a marketplace where they can complete the purchase. The feature has been seen under some Nike videos. Google Express is attracting a number of retailers, and continues to grow, and earlier this year, Google also started testing shoppable ads in image searches.

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Google Video Samsung Comparison 136

Gonzobanker

MAY 3, 2019

Recent activity in the payments space may push financial institutions to switch card processing providers. Few industry sectors have known disruption like the payments industry. Over the past few years we’ve seen rampant innovation in EMV, card controls, contactless and mobile pay apps. More recently, Elan, First Data and Worldpay announced acquisitions.

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Cards Training Software Management 79

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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