Bank Innovation
AUGUST 18, 2017
Focusing on commerce and mobile shopping led to a 56% year-over-year revenue jump for Ant Financial’s parent company Alibaba, and the company is going to keep that focus as it moves forward into the U.S. market. Alibaba’s revenue grew to about $7.4 billion, the company reported during its earnings yesterday, mainly due to the tight […].
Chris Skinner
AUGUST 18, 2017
I was talking with a few FinTech firms the other day. They are all fully licensed banks, and are less than 15 years old. They all seem to have one thing in common: refreshment. What I mean by this is that they talk about technology in a very different way … The post How often does your bank refresh its apps and architecture? appeared first on Chris Skinner's blog.
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Bank Innovation
AUGUST 18, 2017
Will Wells Fargo’s newly launched Commercial Electronic Office (CEO) Mobile Token encourage its traditionally paper-focused customers to crossover to mobile? That’s what the San Francisco-based bank is expecting, at least. “With the CEO Mobile Token more and more customers are encouraged to use their mobiles for banking,” Secil Watson, head of digital solutions for business […].
Payments Dive
AUGUST 18, 2017
And the sixth reason: "Change takes a much longer time coming than you think, and then it happens much faster than you would have thought." It's happening right now for you and your banking customers and BCX is the place to learn how to manage it.
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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
AUGUST 18, 2017
Banks like JP Morgan Chase, Bank of America Merrill Lynch, and Wells Fargo are announcing new mobile features and adding new mobile users every day, but mobile can be a challenge for smaller banks that don’t have the resources of a Wells or Chase. “It’s almost impossible for us to stay anywhere near-competitive,” Kevin Karrels, […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
AUGUST 18, 2017
The Royal Bank of Scotland said it would host an event for tech entrepreneurs at its Edinburgh headquarters. The bank did not release a specific date of the “Disrupt 17” event. The purpose of the event is for RBS to meet and discuss trends with local fintech entrepreneurs. Finextra reports that Disrupt 17 will be […].
PYMNTS
AUGUST 18, 2017
Paging Dr. Alexa: How are you feeling? It may not be long before virtual, voice-controlled assistants can tell and answer accordingly. Mattersight VP of Product Andy Traba says the tech’s all there, and it’s just a matter of time before our friendly home bots pick up the decidedly human skill of empathy. Mattersight analyzes call center phone conversations to determine which language patterns correlate to which outcomes.
Bank Innovation
AUGUST 18, 2017
Cleveland-based KeyBank announced a partnership with cloud-based payment cycle management firm BillTrust, with KeyBank taking an equity stake in the firm, the companies said yesterday in a statement. Terms of KeyBank’s equity investment were not disclosed. This is the latest in a series of fintech partnerships for KeyBank, according to the company, and will allow […].
PYMNTS
AUGUST 18, 2017
Retailers are retailers, not security experts. Too often, their best efforts can create friction at the point of sale for consumers, which leads to shopping cart abandonment and lost revenue, all while feeding the illusion of “too much security.”. It goes without saying that eCommerce security is paramount as cybercriminals get smarter and more creative.
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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
Let's Talk Payments
AUGUST 18, 2017
MEDICI now! Startup Stories highlights the companies that are shaping the new financial technology industry. Keep an eye out each week for new stories! If you or someone you know.
PYMNTS
AUGUST 18, 2017
There has certainly been a myriad of new tech devices and gadgets entering the scene over the last few decades. One connected device that some may have thought would not have lasted as long as it has is seeing a major upswing in the United States — smartwatches. According to NPD Group Connected Intelligence Wearables Survey, “ WEAR Report Industry Overview and Forecast , ” smartwatches are not going anywhere any time soon.
Bobsguide
AUGUST 18, 2017
“Before too long we won’t be using the term ‘in-memory computing’, in-memory computing will just be called computing”: Abe Kleinfeld interview. Alex Hammond, Managing Editor, bobsguide. In an exclusive interview to bobsguide, the president and CEO of GridGain.
PYMNTS
AUGUST 18, 2017
By the end of the year , Amazon Prime will be in more than 50 percent of American homes , predicts Cowen and Co. The most recent Prime Day brought more new Prime subscribers into the eFamily than any other 24-hour period, and analysts believe that will give the eCommerce giant the nudge it needs to pass this milestone. Another key attractor was the constant growth of new Prime services: Prime Now, Prime Pantry, Prime Video and Prime Music, just to name a few.
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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
AUGUST 18, 2017
MEDICI now! Startup Stories highlights the companies that are shaping the new financial technology industry. Keep an eye out each week for new stories! If you or someone you know.
PYMNTS
AUGUST 18, 2017
This week in retail, there has been news coming in from opposite sides of the spectrum. We saw a huge surge in bitcoin’s value , expansions in speedy home deliveries , Amazon’s increasing presence and Gartner’s research on increasing global IT spend. Bitcoin’s year has seen its fair share of ups and downs in value. In addition to this, other cryptocurrencies have popped up, and recently there was a hard fork with the development of Bitcoin Cash.
NCR
AUGUST 18, 2017
Over the past year or so, major banks across the world have begun investigating what blockchain technology can offer to their business, with many use cases now being piloted. Blockchain, or distributed ledger technology as it is sometimes called, is a database that is distributed across a network and cryptographically secured, such that records become immutable.
PYMNTS
AUGUST 18, 2017
Payments are the connective tissue between businesses today. And, as digital avenues find their way into every nook and cranny of a digital consumer and merchant’s journey, the risks involved in managing and processing those transactions between banks, merchants and consumers heighten. Helping banks manage those risks in the face of this changing landscape is what Singapore-based Jewel Paymentech CEO Sean Lam says gets him and his team fired up every day.
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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.
Payments Source
AUGUST 18, 2017
The company says the tracking devices are a way to reduce office space and know when shared workstations are free, but "hot-desking" also raises questions about whether employees are being spied on.
PYMNTS
AUGUST 18, 2017
Releaf is a new B2B marketplace that aims to help African businesses network and find partners they can trust. According to news from TechCrunch , the startup, which is currently taking part in Y Combinator, has signed up about 1,000 African businesses since its public launch in Nigeria on August 3. Releaf’s founders — Chief Executive Isaiah Udotong, Chief Operating Officer Ikenna Nzewi and Chief Technical Officer Uzoma Ayogu — knew they needed to address cultural differences when building thei
Payments Source
AUGUST 18, 2017
The simple act of moving money can have a big impact on any political movement, so banks and payment networks are often caught up in issues of national importance. Here are some recent instances where payments and politics came head-to-head.
PYMNTS
AUGUST 18, 2017
The battle to become eCommerce king wages on, and it looks as though Walmart is making moves to elevate its web assets in this space. Earlier this year, Walmart announced its decisions to acquire men’s clothing line Bonobos and vintage women’s clothing eCommerce site ModCloth. Both of these brands are a major coup for the discount retailer as the demographic falls into the millennial arena.
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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.
Payments Source
AUGUST 18, 2017
Knowledge picked up from the best customer-facing staff should be delivered by AI systems in a contextual manner at the right place and the right time to handle customer queries in the age of digital commerce, writes, Anand Subramaniam, senior vice president of worldwide marketing for eGain Corporation.
PYMNTS
AUGUST 18, 2017
Never underestimate the power that comes with quick delivery in today’s digital-driven retail industry. With eCommerce gaining ground and traditional brick-and-mortar stores integrating more technology to help increase engagement, consumers are starting to expect swift service both in-store and in delivery options. One company that’s looking to hop on board with faster deliveries is online retailer Overstock.com.
Payments Source
AUGUST 18, 2017
For years, it looked to some like Ma’s Alibaba Group Holding Ltd. was simply following in the footsteps of Bezos’ Amazon.com Inc., the world’s largest e-commerce company. But when Amazon’s $13.7 billion bid for Whole Foods Market Inc. sent shockwaves across the retail industry, Ma looked prescient.
PYMNTS
AUGUST 18, 2017
Managing any company’s books can be quite complicated. Depending on the size of the organization, it can be daunting. Further adding to that complexity is the fact that enterprises today operate on the global stage since eCommerce makes it easier than ever to sell across borders. That can make managing cash flow from concept to payments a headache. To ease that pain, payments company Tipalti launched the AP Hub, a platform.
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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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