Bank Innovation
SEPTEMBER 27, 2017
Fintechs are partnering with banks, banks are using blockchain technology, artificial intelligence, and cryptocurrency and financial regulation is still undergoing massive changes. Challengers to traditional banking, payment, and loan products have all launched this year, and FIs are fighting fraud, hacks, and scams with an increasing number of biometric security measures. 2017 has been a […].
Chris Skinner
SEPTEMBER 27, 2017
I just hosted Jamie Woodruff, the Ethical Hacker, at our Nordic meetings in Oslo and Stockholm. He’s always got some good stories to tell, like how he uses your children’s toys to listen to your conversations or pretending to be a waiter at the hotel restaurant to catch all the … The post Don’t trust anyone appeared first on Chris Skinner's blog.
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Bank Innovation
SEPTEMBER 27, 2017
EXCLUSIVE- Health Savings Account Startup, Lively wants to be more than a HSA vehicle. Right now, more means giving its account holders the option to invest their HSA funds. Launched on March 1 this year, the company was started by two friends, Alex Cyriac, and Shobin Uralil, with the vision to help people manage their healthcare […].
PYMNTS
SEPTEMBER 27, 2017
Generally speaking, if you’re trying to get a consumer’s attention, offering them access to “The Next Big Thing” is a pretty good way to do it. As Nancy Berger, VP and CRO at Marie Claire USA , told Karen Webster in a recent conversation, it’s one of those topics that inherently catches everyone’s interest. “If I’m going through my inbox and I see an email from someone I know and trust with ‘The Next Big Thing’ in the subject line – it’s what I’m opening first,” she noted.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Bank Innovation
SEPTEMBER 27, 2017
What is the state of banking innovation today? Each year, we poll the industry to find out. Fintech funding has grown tougher for startups, but banks’ balance sheets are looking stronger– what does it mean for innovation? Talk has shifted from last year’s discussions on blockchain and chatbots to artificial intelligence and cloud-based cores.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
SEPTEMBER 27, 2017
Chinese payment mogul Ant Financial has joined hands with Hong Kong’s CK Hutchinson to create a joint venture to operate its payment app, AlipayHK, in Hong Kong. Terms of the 50-50 joint venture were not disclosed on Tuesday. But, the partnership essentially allows Ant Financial to offer its AlipayHK services to CK Hutchinson’s network, which […].
PYMNTS
SEPTEMBER 27, 2017
No matter how impressive new technology is, its fate often lives and dies with consumer adoption. After all, if no one wants to use a new piece of tech, it doesn’t matter how groundbreaking an innovation it might be — it probably won’t be around for long. According to Hari Gopalkrishnan, managing director of consumer facing platforms and technology for Bank of America, that’s especially true when it comes to digital identity security and protection technology for banks and other financial instit
Bank Innovation
SEPTEMBER 27, 2017
U.S. fintech firm, Bittrex, and South Korean app developer, Dunamu, an affiliate of the country’s largest messaging platform, Kakao, have teamed up to launch a new, massive cryptocurrency exchange platform in South Korea. The new platform, called Upbit, will support the exchange between more than 100 different cryptocurrencies, reportedly making it the largest virtual currency […].
PYMNTS
SEPTEMBER 27, 2017
Harvey. Irma. Jose. Maria. Even those who were not directly hit by one of these recent, dramatic and devastating hurricanes are feeling the emotional impact after watching these mega-storms wreak havoc across the southern part of the U.S. and surrounding islands. Well-meaning individuals empathize with the victims and want to help, and one of the easiest ways to do that is to click a “Donate” button on a charity website somewhere.
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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
SEPTEMBER 27, 2017
Student loans have led to widespread hesitation among millennials when it comes to buying a home, but Lennar Corp subsidiary Eagle Home Mortgage is looking to change that. After a borrower buys a home from Lennar (which is based in Miami), Eagle will pay as much as 3% of the purchase price of that home […].
PYMNTS
SEPTEMBER 27, 2017
Trade finance revenue is slipping at the world’s largest banks, especially as companies struggle in a global trade environment operating with a $1.5 trillion gap in trade finance availability. The FinTech space is hoping to address these challenges head-on, targeting the paper and manual-based processes of trade finance transactions though innovations like blockchain.
Bank Innovation
SEPTEMBER 27, 2017
EXCLUSIVE- NXC, the holding company of $10 billion Japanese gaming corporation Nexon, has acquired an $80 million (91.3 billion Korean won) stake in the second largest cryptocurrency exchange market in South Korea, Korbit. Nexon’s purchase will award it a 65% stake in the Korean exchange valuated at $150 million, as well as its managing rights. […].
PYMNTS
SEPTEMBER 27, 2017
Bank of America Merchant Services laid off about 10 percent of its staffers last week, with sources saying that the cuts are the result of restructuring. The Wall Street Journal reported that the joint venture, which has operated in conjunction with First Data Corp. since 2009, employed about 2,200 people. It let go about 250 employees last week. A spokesperson explained that last Wednesday, BOA “announced to employees a restructuring designed to accelerate our business strategy and better meet
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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
Bank Innovation
SEPTEMBER 27, 2017
The City of Milan and the Italian Ministry of Economy and Finance will be opening a Milanese “Fintech District” within the city, an area that will be dedicated to startups and other innovations within the industry. The hub is meant to draw fintech startups, investors, entrepreneurs, and others in financial services to the city for […].
PYMNTS
SEPTEMBER 27, 2017
[link]. How to avoid sour notes when booking a music act? That is: Making sure that the band you take on is the right fit for the right place, and will keep people out on the dance floor or filling the seats? The question is not an idle one for talent seekers – the folks who book and pay for the musicians. Consider that half-empty music clubs can actually lose money on a tough night.
Let's Talk Payments
SEPTEMBER 27, 2017
The goal of any innovative technology is to make our lives easier. But, truly disruptive technology evolves to meet the growing demand of users, becoming routine in our everyday lives.
PYMNTS
SEPTEMBER 27, 2017
Chinese cuisine restaurant P.F. Chang’s announced it is testing beer and wine delivery with DoorDash at 12 locations in select California markets. Guests at least 21 years of age will be able to choose from more than 15 varieties of domestic, import and craft beers, including Kirin Lager, as well as more than 40 varieties of wine, including Mark West Pinot Noir and Estancia Pinot Grigio, to add to their order when placing it via DoorDash.
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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.
Let's Talk Payments
SEPTEMBER 27, 2017
Brazilians are increasingly exploring opportunities with investment instruments, moving money out of traditional savings accounts. While in the last year, there were more withdrawals than savings deposits, Treasury Direct grew.
PYMNTS
SEPTEMBER 27, 2017
Wearables are at an interesting crossroads in the life of the American consumer. From the biggest names in retail and technology to up-and-coming startups, there suddenly seems to be a world of innovators with wearable inventions at the ready to make our lives better. For example, since the start of September, we’ve seen the latest super-specialized connected fitness product out of Garmin , a new edition of the Apple Watch, Fitbit’s Ionic , Samsung’s partnership with Speedo for the Gear Sport
Payments Source
SEPTEMBER 27, 2017
Numerous data sources provide insight on the growth of this new paradigm in payments and some indication of how consumers can be motivated to prefer a specific payment instrument over others.
PYMNTS
SEPTEMBER 27, 2017
Equifax, the embattled credit scoring firm reeling from a data breach that may have impacted as many as 143 million U.S. consumers, announced news on Tuesday (Sept. 26) that Richard Smith will retire as chairman of the board and CEO of the company. In a press release , the company said Board Member Mark Feidler will serve as non-executive chairman. Paulino do Rego Barros, Jr., who most recently served as president, Asia Pacific, and is a seven-year veteran of the company, has been appointed as i
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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.
Bobsguide
SEPTEMBER 27, 2017
With just over 100 days to go before MiFID II must be implemented, Laura Glynn, Fenergo Director of Regulatory Compliance, assesses the impact that this wide-ranging regulation is set to have on client onboarding and lifecycle management processes for banks in Europe and all over the world.
PYMNTS
SEPTEMBER 27, 2017
Toys“R”Us has just managed to secure $3.1 billion in financing, a big vote of investor confidence for the toy and game retail brand which had recently declared bankruptcy. According to reports from Chain Store Age, the financing will come from a group of lenders led by JPMorgan Chase and comes as the company prepares for the annual holiday rush. Those new funds, according to Toys“R”Us leadership, will go toward investing in the renovation and modernization of store locations across the nation, w
NCR
SEPTEMBER 27, 2017
The growth of mobile banking has been a defining trend for the financial services industry in recent years. Consumers all over the world – in emerging and developed markets alike – have shown an increasing willingness to use handheld devices to manage their financial affairs. Countries like India and Nigeria have recorded growth in the number of mobile banking users, while in the UK, consumer activity on banking apps has risen by 354 percent in the last five years, according to indus
PYMNTS
SEPTEMBER 27, 2017
RIP retail. Or, maybe not. To paraphrase Mark Twain, a mustachioed author famous for quips and no small amount of wisdom, rumors of a demise have been greatly exaggerated. Consider the case laid out by Skava , a cloud-based, microservices digital commerce platform. In a recent whitepaper, the firm noted that brick-and-mortar retailers face — and certainly feel — more pressure than ever to keep stores humming as centers of commerce.
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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.
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