Chris Skinner
DECEMBER 4, 2017
Things we’re reading today include … Brazil’s first online bank ramps up innovation Behind the rusty vault doors of an abandoned Alabama bank The survival hopes of big banks may rest on machines Big banks putting UK’s free-to-use ATM network at risk, warns peer Mastercard to repurchase up to $4 … The post Things worth reading: 5th December 2017 appeared first on Chris Skinner's blog.
Bank Innovation
DECEMBER 4, 2017
EXCLUSIVE— Marketplace lender Prosper will make liquidity a top priority as the company moves into 2018, company CEO David Kimball said during a lending conference that took place last week. “Our main concern… it’s always liquidity, and I think most people in this room understand that the best way to get to liquidity is to […].
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Payments Dive
DECEMBER 4, 2017
FSS AadhaarPay, a biometric-enabled merchant payment acceptance solution, designed to support the Indian Government’s Digital Payments initiative to improve digital payment infrastructure in the country, has won the Best Mobile Experience (International Fintech) provider award at the Best in Bank Customer Experience Summit at Chicago, USA.
Bank Innovation
DECEMBER 4, 2017
JPMorgan Chase has officially closed its acquisition of payments startup WePay, a company that provides payments for crowdfunding platforms. The deal is valued at about $400 million, as reported by TechCrunch today. The bank first announced its plans to acquire WePay in October of this year — without disclosing the amount it would pay for […].
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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
Payments Dive
DECEMBER 4, 2017
Ripple followed up its recent announcement of opening an office in India, with an event organized for financial institutions and regional partners. As a Ripple partner, a team from FSS attended the Ripple Deep Dive in Mumbai.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
DECEMBER 4, 2017
One of PayPal’s recent acquisitions, payments processor TIO Networks, has suffered a data breach that puts the information of 1.6 million of the processor’s customers at risk, the company said in a statement on Friday, December 1. PayPal acquired the processor in July of this year. A review of the TIO network “has identified a […].
Payments Dive
DECEMBER 4, 2017
FSS, a Payments and Fintech leader, announced its Payment Gateway has recorded a new milestone in transaction volumes processed. During the Great Indian Festive sale, between 21st and 24th September, FSS Payment Gateway processed 25% of total transactions generated during the shopping bonanza.
Bank Innovation
DECEMBER 4, 2017
One of PayPal’s recent acquisitions, payments processor TIO Networks, has suffered a data breach that puts the information of 1.6 million of the processor’s customers at risk, the company said in a statement on Friday, December 1. PayPal acquired the processor in July of this year. A review of the TIO network “has identified a […].
Payments Dive
DECEMBER 4, 2017
At the prestigious Payments and Cards Summit held on 7th June 2017, FSS was recognized with two awards – one for the ‘Best ATM Managed Service Provider of the Year’, and the second for the ‘Best Banking Cards Service Provider of the Year’.
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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
DECEMBER 4, 2017
McAfee Labs recently published its 2018 Threats Predictions report , and after a year of high-profile cyberattacks and data breaches, analysts say the threat won’t let up in the new year. A rising challenge for the enterprise is the fact that cyberattackers are becoming increasingly sophisticated in their methods. According to McAfee, while companies are embracing innovations like machine learning to safeguard their systems, attackers, too, are using these same tools.
Payments Dive
DECEMBER 4, 2017
FSS, a Payments and Fintech leader, announced its Payment Gateway has recorded a new milestone in transaction volumes processed. During the Great Indian Festive sale, between 21st and 24th September, FSS Payment Gateway processed 25% of total transactions generated during the shopping bonanza.
PYMNTS
DECEMBER 4, 2017
U.S. Bank and Visa co-hosted the “Big Hack for Small Business” hackathon over the weekend, with the winner emerging as Big Data 4 Small Business. In tandem with the event, Visa said more than 120 developers traveled to Atlanta to compete in the hackathon, which offered up $18,000 in prizes. Visa said in a release that the focus was on helping small business owners manage inventory procurement and management, eyeing quantity and cost, among other factors.
Bobsguide
DECEMBER 4, 2017
The traditional banks of bricks and mortar have made way for the invisible bank of the future. Customers no longer revolve their time around banking, they want services that integrate into their lifestyle and provide a seamless banking experience - more convenient, faster and enjoyable -.
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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
DECEMBER 4, 2017
International payments startup Airwallex is taking steps to link its corporate customers to the U.K.’s Faster Payments scheme. In an announcement on Friday (Dec. 1), the Australian company said it is partnering with with U.K.-based RailsBank, an open banking platform that facilitates connectivity into the U.K. and the EU’s SEPA zones. Through their collaboration, RailsBank customers will also gain access to Airwallex’s cross-border payments and foreign exchange (FX) services.
Bobsguide
DECEMBER 4, 2017
With all of the talk about how London’s fintech scene is likely to fare after the UK leaves the European Union, you could be fooled into thinking that it was the global capital for this particular tech industry sector. However, some of the most exciting innovations in fintech are actually.
PYMNTS
DECEMBER 4, 2017
A new bill was introduced in the U.S. Senate last week calling for jail time for executives who hide data breaches. As reported by Wired , the bill would result in the imprisonment of executives for up to five years if they don’t report a breach within 30 days of learning of it. According to the report, it’s not clear whether the bill will go anywhere, given that a similar bill in 2014 – prompted by the massive Target breach – attempted to achieve the same goal.
Let's Talk Payments
DECEMBER 4, 2017
The term ‘credit’ means different things to different people. In a developed economy, it’s about measuring the value of one’s availability to receive goods and services based on the expectation.
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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
DECEMBER 4, 2017
The world seems to spin faster at the holidays. Weeks and hours whirl away, and there always seems to be something going on. This time of year has been no different for these seven startups, all of which have launched new products and features, fielded new investor funding, upped the security ante and, in the spirit of the holidays, generally worked toward payments peace on Earth.
Insights on Business
DECEMBER 4, 2017
With global interest rates at a record low and increasing levels of regulatory scrutiny touching every aspect of the financial sector, competition is getting fierce for Prime Brokerage firms like Jefferies LLC. For over fifty years, we’ve been providing clients with a wide range of financial products and services that encompass investment banking, equities, fixed income and wealth management — and those years of experience have taught us never to rest on our laurels.
PYMNTS
DECEMBER 4, 2017
Blockchain technology firm XinFin announced Sunday (Dec. 3) that it is integrating a new technology into its Hybrid blockchain, which aims to standardize enterprise-gate blockchains across industries. In a press release , the company said it is adding its XDC01 protocol into its Hybrid blockchain, used by companies so they can “keep their financial transactions private but still verifiable by an immutable record on the public state of blockchain,” explained XinFin CTO Karan Bharadwaj
Payments Source
DECEMBER 4, 2017
New York's World Trade Center-based Oculus will host Chase Pay Village until Jan. 7 with an emphasis on holiday wares. Part of its mission is to determine which of of Chase's mobile wallet features — if any — are most compelling to shoppers.
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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
DECEMBER 4, 2017
“No soup for you!”. It’s a phrase that became an instant classic the moment viewers first heard it on a Seinfeld episode 22 years ago. It was uttered by actor Larry Thomas, playing a character known the world over as “the Soup Nazi.”. It’s also a phrase that Al Yeganeh, the real-life chef on whom the character was based, really, really wishes everyone would just stop using.
Bobsguide
DECEMBER 4, 2017
Artificial intelligence, machine learning, robotic process automation – these are a few of the technologies that are set to disrupt our lives. If you listen to the experts you’ll hear two main views of the future – one that is focused on the benefits the innovation will bring and.
PYMNTS
DECEMBER 4, 2017
Coinbase, the cryptocurrency exchange operator, announced late last week that it has appointed Asiff Hirji as its president and chief operating officer. In a company blog post , Coinbase said Asiff joins the company from Andreessen Horowitz, the venture capital firm where he was focused on growing a number of the VC’s portfolio companies. “Coinbase is moving into an exciting phase of our journey.
Let's Talk Payments
DECEMBER 4, 2017
Christoph Rieche of iwoca and George Bevis of Tide discuss how they have teamed up to remove these barriers for small businesses and turn their experience from a pain to a pleasure. Will FinTech.
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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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