Chris Skinner
JULY 4, 2019
No, I don’t mean Attention Deficit Disorder, which would be ADD, but I mean Artificially Intelligent with Dumb Data. Now, I know I moan on and on about fragmented legacy systems, but I honestly have no idea how a bank could ever be able to compete with an Apple or … The post How can you be AI with DD? appeared first on Chris Skinner's blog.
Bank Innovation
JULY 4, 2019
Charlie Delingpole, founder and CEO of regtech startup ComplyAdvantage, said big tech firms like Google, Apple, Facebook and Amazon face no shortage of regulatory headaches by venturing into financial services. Facebook, with it's Libra cryptocurrency, is in for an exceptionally bumpy ride, he predicted. ComplyAdvantage, a New York City-based firm that uses machine learning to […].
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Chris Skinner
JULY 4, 2019
Things we’re reading today include … In Brexit Britain, battling home lenders chase risk and pensioners Nearly half of global wages received by top 10%, survey finds Osborne thinks he could run the IMF. Maybe gaslighting a country is a useful skill | Faiza Shaheen European financial services leads charge … The post Things worth reading: 5th July 2019 appeared first on Chris Skinner's blog.
Bank Innovation
JULY 4, 2019
The Office of the Comptroller of the Currency (OCC) is pushing ahead with its Innovation Pilot Program, a mechanism that will allow regulators to work with financial services companies as new products are being developed. It's meant to ensure regulatory cover for new products, but some industry leaders worry it could get in the way […].
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.
PYMNTS
JULY 4, 2019
Cruise ships and musical festivals are not that different from each other, not these days. Both feature large crowds of generally like-minded people. Not only that, but aging and even younger rockers and other musicians are often featured on special cruises for serious fans — that includes groups that range from baby boomer favorites to extremely loud metal groups.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
JULY 4, 2019
U.K.-based iwoca is integrating its lending platform with marketplace lenders Funding Options and Funding Xchange to accelerate and further automate access to capital for small and medium-sized businesses, while connecting borrowers to price transparency. In a press release sent to PYMNTS, iwoca revealed its integration via the launch of its Landing API to provide small businesses with a loan decision within 30 seconds, rather than providing an instant “approval in principle.
Payments Source
JULY 4, 2019
Fraudulent attacks on accounts payable departments had been on the rise to begin with, but a new sense of urgency has taken hold in the wake of a recent incident that cost Facebook and Google $100 million.
PYMNTS
JULY 4, 2019
Thanks to eCommerce and digital payments, the global travel industry is undergoing significant disruption. At the same time, more consumers are living as so-called digital nomads — or otherwise finding new ways to see and experience the world. The intersection of those two trends provides a business opportunity, as discussed in a recent PYMNTS interview with Gideon Silverman, CEO at Awayco , a company that enables the rental of such gear as surfboards, snowboards and bikes at retail and affiliat
BankBazaar
JULY 4, 2019
Everyone looks forward to the budget every year with high hopes and expectations. The salaried-class, especially, hopes against hope that they will get some relief from with respect to Income Tax. The general ask is to either have a higher tax-exemption limit or more tax breaks. Psst… did you know that a Home Loan can help you save on Income Tax? Click here to know more.
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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
PYMNTS
JULY 4, 2019
Facebook is collaborating with venture capitalists in India to support small businesses in the country, LiveMint reported on Wednesday (July 3). Facebook announced partnerships with an array of venture capital funds as part of its VC Brand Incubator initiative, which is reportedly the first in a series of programs the social media and technology conglomerate has launched in India to support small businesses.
BankBazaar
JULY 4, 2019
The Union Budget for 2019 is here! Eager to know the highlights? Check them out. There are several expectations from the Union Budget this year. Will the Budget this year live up to at least some of them? The Finance Minister, Nirmala Sitharaman, starts talking from 11 a.m on 5th July 2019 and we are covering it right here as she speaks. Will the budget turn out to be a populist one?
PYMNTS
JULY 4, 2019
From making restaurant reservations to ordering meals, a growing share of U.S. consumers are using smartphones as part of their dining experiences. In turn, restaurants are fast embracing mobile payments as they look to deliver on the speed and convenience their customers have come to expect. As restaurants and QSR chains upgrade their payment systems to accept mobile and other forms of digital payments, they are also adopting instant payments for wages and tips paid to their workers.
BankBazaar
JULY 4, 2019
Considering taking a Home Loan under the PMAY scheme? Here’s some crucial information that you should be aware of. Aspiring to have a home of your own is a dream that everyone nurtures. With the recent RBI cut in repo rates (i.e. the rate at which the RBI lends to commercial banks) by 25 basis points, banks will pass on this benefit to borrowers by slashing their lending as well as deposit rates.
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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
JULY 4, 2019
No one in the history of mankind has ever enjoyed a sunburn — they’re hot and uncomfortable, they make one’s skin feel two or three sizes too small and, over time, they can even kill you. About 20 percent of Americans will be diagnosed with skin cancer in their lifetime, and about 7,000 people will die from it this year. Sunblock can be an effective answer, if it is regularly applied when one plans to be out in the sun.
NCR
JULY 4, 2019
Give your small business brand a blast from the past with these 4 nostalgia marketing tips from the hit Netflix show ?Stranger Things.?
PYMNTS
JULY 4, 2019
. Scrutiny of big tech – specifically firms such as Facebook and Google – seems likely to heat up in the United Kingdom. News came this week that the UK’s Competition and Markets Authority, per disclosure Wednesday, is debuting a new study that would look at the dominance larger tech firms have over sectors such as advertising. Public comment on the study, which will focus on competition and data collection, must be submitted by July 30 th , according to a release.
The Paypers
JULY 4, 2019
(The Paypers) Damon Madden of ACI Worldwide discusses the recent developments in machine learning, the benefits for banks, and fraud prevention strategies in a real-time payments environment
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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.
NCR
JULY 4, 2019
Give your small business brand a blast from the past with these 4 nostalgia marketing tips from the hit Netflix show ?Stranger Things.?
The Paypers
JULY 4, 2019
(The Paypers) Payment management platform IXOPAY has revealed a partnership with digital fraud prevention company Kount , to protect IXOPAY’s digital innovation from fraud.
The Banker
JULY 4, 2019
Despite the ongoing recession and a high proportion of non-performing loans, Namibia’s banks remain profitable. Jason Mitchell examines how they beat the odds.
The Paypers
JULY 4, 2019
(The Paypers) LUXHUB , a European open banking API platform service provider, has partnered with Rakuten Bank Europe to help the bank with its PSD2 (open banking) compliance.
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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.
PYMNTS
JULY 4, 2019
The Fourth of July is not a shopping holiday, per se — not to say the U.S. will not spend a fair amount of money celebrating it. Not all Americans celebrate the Fourth of July by doing something special, but about 86 percent do, and will spend several billion dollars celebrating the nation’s 243rd birthday. So, what will be we buying up? According to the National Retail Federation (NRF), that would be food, mostly — Americans will spend about $6.7 billion on food to be consumed at BBQs nationwid
The Paypers
JULY 4, 2019
(The Paypers) Flexi-Fi has announced it is deploying Mitek ‘s mobile capture and digital identity verification software solution as part of its customer onboarding process.
BankBazaar
JULY 4, 2019
It often happens that financial planning takes a backseat. Read on to know why it’s an absolute must and can’t be ignored. Due to sheer lack of knowledge, financial planning is not considered a necessity. When asked what they think of financial planning, most people are of the impression that only those with a vault like Harry Potter’s need money management.
The Paypers
JULY 4, 2019
(The Paypers) Fujitsu has developed a solution based on blockchain that analyses the risk of falsification and the trustworthiness of the other party’s personal credentials in online transactions.
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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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