Bank Innovation
JANUARY 10, 2018
EXCLUSIVE – Fintech startup Greenlight Financial Technology has just added a new feature that helps kids understand tricky concepts like interest, APR and savings accounts. Today the Atlanta-based Greenlight unveiled a feature which lets kids create a savings account through their Greenlight app, an account that is controlled by a guardian. The feature allows the […].
Chris Skinner
JANUARY 10, 2018
Things we’re reading today include: America’s Best and Worst Banks 2018 CFDs on bitcoin? You’re not sophisticated enough, says FCA No Brexit exodus from London, Page Group says as it chalks up record profit Digital banking overtakes branch use and may fuel more closures, warns UBS Bankers fear they will … The post Things worth reading: 11th January 2018 appeared first on Chris Skinner's blog.
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Bank Innovation
JANUARY 10, 2018
EXCLUSIVE—With mobile banking services offered at the majority of financial institutions, innovating the digital space is becoming more important in the fintech ecosystem, especially for smaller players like regional banks or credit unions. So, how can these smaller institutions move their digital platforms beyond the simplest (and expected) mobile banking service?
PYMNTS
JANUARY 10, 2018
When Mastercard launched the Start Path accelerator program in 2014, the goal – according to VP and senior business leader, Amy Neale – was to make it easier for emerging companies to enter “our world” through a combination of operational support, commercial access and some strategic funding. “And when we talk about our world, we mean not just payments, but FinTech more broadly – and, even more broadly than that, commerce,” she said.
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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
Bank Innovation
JANUARY 10, 2018
New York-based fintech YieldStreet has raised $116 million in debt and equity financing to further expand the loans it offers on its platform, Bloomberg reported today. The company, which provides loans to small businesses and real-estate projects in what it terms “asset-based” investing, hopes to expand the product out beyond its current investors.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
JANUARY 10, 2018
Plano, Texas-based startup Alkami Technology has raised $70 million for its mobile banking platform, it was reported yesterday. Alkami, which provides white-labeled solutions for banks and credit unions to implement across their digital and mobile platforms, was started in 2009 because there “wasn’t a lot of innovation that was happening in the digital banking space,” […].
PYMNTS
JANUARY 10, 2018
Stripe has announced an addition to its Stripe Atlas toolkit that will help founders file their corporate tax returns in minutes. This new tool can be especially important for resource-strapped startups, which often have difficulty with the tax process even with the help of an adviser. In fact, 54 percent of Atlas founders reported making a mistake when filing last year’s returns, including paying the incorrect amount, filing late or missing required filings entirely.
Bank Innovation
JANUARY 10, 2018
EXCLUSIVE – Petal, the card designed to serve the credit invisible, has raised $13 million in funding that it will use to double its employees as the young startup tries to meet the demand of its growing user-base. The Series A funding round was led by Peter Thiel’s VC firm, Valar Ventures. “It’s been a […].
Bobsguide
JANUARY 10, 2018
Global technology consultancy DataArt expects to see a handful of financial technology (fintech) trends that emerged in 2017 to strengthen significantly in 2018. In particular, the growth of Artificial Intelligence (AI) in the industry will be exponential for three main reasons; hugely increased.
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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
PYMNTS
JANUARY 10, 2018
For the millions of American households that remained on the “nice” list during 2017, the holiday season often meant receiving mounds of new gifts. But sometimes staying on the “nice” list means receiving holiday gifts that are well-meaning, but miss the mark. As a result, millions of Americans return some $90 billion worth of unwanted holiday merchandise every year.
Insights on Business
JANUARY 10, 2018
Business model innovation only just begins once you’re on the cloud—and the leading global banks are already making the move and are now exploiting cloud for innovation – and while they do that, they are having to rethink their operating models. In this episode of the Boardroom Advisory Series, we look at how transformation is no longer about the technology—it’s about the shift in how organizations do business.
PYMNTS
JANUARY 10, 2018
Enterprise blockchain company Money By Design is planning an initial coin offering (ICO) and hopes to secure more than $350 million through the deal. France-based ICO boutique Chaineum told PYMNTS on Tuesday (Jan. 9) that it will be managing the ICO. The private placement will launch on Feb. 15. Money By Design has launched a project called the Smart Tokenization Blockchain, which uses blockchain to produce and manage tokens.
Payments Source
JANUARY 10, 2018
Many organizations wait for a customer request before they will convert a document to an accessible format and do not advertise the fact that they can offer accessible documents, so many customers don’t realize they can request them, writes Ernie Crawford, president, CEO and founder of Crawford Technologies.
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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.
PYMNTS
JANUARY 10, 2018
A new blockchain accelerator, MState , has found some high-profile backing. News from Business Insider on Tuesday (Jan. 9) stated MState secured backing from IBM and Comcast Ventures. IBM will provide support services, while Comcast Ventures will provide funding, the publication said. MState itself plans to invest between $25,000 and $50,000 into six early-stage blockchain startups over the next six months.
Let's Talk Payments
JANUARY 10, 2018
As one of Europe’s hubs of innovation along with London, Berlin has an impressive array of FinTech companies successfully operating both within and beyond Germany’s FinTech ecosystem.
PYMNTS
JANUARY 10, 2018
Until recently, the QR code was one of the great contenders in the race to ignite mobile commerce. But according to new reserach from Juniper, the humble QR code may be facing a rich second life as a driver of mobile loyalty. New data released by the firm indicated that 1.3 billion mobile QR code coupons were estimated to have been redeemed last year, and the figure is set to grow by a lot — to 5.3 billion by 2022.
Payments Source
JANUARY 10, 2018
Petal has received a $13 million funding round from Valar Ventures, a New York-based venture capital fund that specializes in financial technology, to use artificial intelligence to fill holes in legacy risk vetting.
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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.
PYMNTS
JANUARY 10, 2018
Ride-hailing app company Uber reached a settlement with more than 2,000 New York drivers, agreeing to pay $3 million. Reuters, citing a court filing in federal court in Brooklyn, New York, reported that Uber agreed to pay the $3 million to settle what was a proposed class-action lawsuit brought on behalf of 2,421 drivers who contend the company took too many fees out of their fares.
Payments Source
JANUARY 10, 2018
New models are emerging, including joint initiatives between established banks and new alternative lending players, as well as those incorporating blockchain and cryptocurrencies, writes Eugene Green from WishFinance.
PYMNTS
JANUARY 10, 2018
Voice commerce isn’t just about buying things. It’s also about returning things, exchanging things, tracking orders, reordering and improving the customer experience by answering questions whenever, wherever and however they’re asked. At least, Linc Global VP Luke Starbuck says it could one day be about all of those things. Such capabilities do exist today, said Starbuck, but they are in their early stages and are far from ubiquitous among merchants with an online presence, even those who are tr
Payments Source
JANUARY 10, 2018
It's been a little more than three years since Apple Pay made its debut. Today it is joined by Samsung Pay and Android Pay/Google Pay—along with several proprietary concepts from major banks and merchants. But despite millions spent on promotions and marketing for the various concepts, mobile payments volume is still weak.
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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.
PYMNTS
JANUARY 10, 2018
Wag Labs is in the doghouse with its customers after accidentally exposing web pages that revealed such information as client addresses and lockbox codes. Wag’s smartphone app connects dog owners with dog walkers, who are thoroughly vetted and tested on their dog walking skills. Owners are able to request a walker immediately or schedule future walks.
Bobsguide
JANUARY 10, 2018
Traditional banking as we know it is undergoing some major changes. New compliance requirements, such as the Payment Services Directive version 2 (PSD2) and the European General Data Protection Regulation (GDPR) are handing more power back to the consumer, giving them more control over how and who.
PYMNTS
JANUARY 10, 2018
Amazon announced news on Wednesday (Jan. 10) that during 2017, more than 300,000 U.S.-based small and medium-sized businesses (SMBs) joined Amazon Marketplace. In a press release , Amazon said billions of products were sold worldwide on its platform last year, with half of those items coming from SMBs operating on Amazon Marketplace. Many of those businesses also tapped Amazon’s Fulfilment by Amazon, which provides them with access to the eCommerce giant’s logistics network, making their items P
Payments Source
JANUARY 10, 2018
Line Corp. is working to integrate cryptocurrencies into its messaging platform as the Tokyo-based company seeks to differentiate its products and services, according to people with knowledge of the matter.
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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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