Bank Innovation
DECEMBER 11, 2017
EXCLUSIVE- Blockchain technology and digital loans will continue to grow in 2018 as banks continue to work on their cybersecurity in the coming year, software provider Mitek predicts. “It’s just logical that given the extent of recent data breaches, that we’re going to see more of the same. It will continue to accelerate” Sarah Clark, […].
Chris Skinner
DECEMBER 11, 2017
Despite there being many capable women in banking, finance and technology, it is surprising how few are at the top of the companies I talk about. Most FinTech start-ups I refer to are run by young men, whilst most banks are run by old men. Where are all the women? … The post Where are all the women? appeared first on Chris Skinner's blog.
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Bank Innovation
DECEMBER 11, 2017
South Koream bank NongHyup Bank (NH Bank) announced that it is now a part of blockchain firm R3’s distributed ledger consortium. The consortium, which contains over 150 international members including many banks, such as Bangkok Bank, Barclays, BBVA, Bladex, BNP Paribas, Commerzbank, CTBC Bank, ING, Intesa Sanpaolo, Shinhan Bank, the Royal Bank of Scotland and […].
Chris Skinner
DECEMBER 11, 2017
Things we’re reading today include … New economic crime agency to crack down on £90bn-a-year UK money laundering P2P currency exchanges continue cash revolution Brexit: City of London will lose 10,500 jobs on day one, says EY HSBC spared further US money laundering sanctions as it battles to clean up … The post Things worth reading: 12th December 2017 appeared first on Chris Skinner's blog.
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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
DECEMBER 11, 2017
Think cryptokitties is not serious business? Think again. The Ethereum-based digital kitten collectibles game has taken over the blockchain platform. On Sunday, one such digital kitty sold for more than $120,000 (£90,000). Overall, according to a CoinBase article the cryptokitty sale reached $12 million last week. And the trend shows no sign of slowing down: […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
DECEMBER 11, 2017
Digital Lenders are taking over. The year 2017 has been the year for bitcoin, but it has also been the time for digital lenders, who seem to be experiencing significant growth across personal, SME, and student-focused verticals. Despite the abysmal stock fall of LendingClub, arguably the pioneer in the online lending space, digital lenders in […].
Payments Dive
DECEMBER 11, 2017
FSS establishes an end-to-end payments technology infrastructure - with services ranging from EFT Switching, Debit Card Management, and Reconciliation to Payment Gateway for E-Commerce and Aadhaar-enabled payments for Financial Inclusion.
Bank Innovation
DECEMBER 11, 2017
Bank JPMorgan Chase has opened a pop-up holiday shopping “village” in Manhattan, where users will be able to purchase goods exclusively through Chase’s mobile wallet, Chase Pay. The Chase Pay Village will be open for six weeks of the holiday season, the bank announced in a press release last week. 20 stores are participating in […].
Payments Dive
DECEMBER 11, 2017
FSS matured, comprehensive, and reliable transaction processing services ensure unparalleled 100% availability.
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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
DECEMBER 11, 2017
Stephane Wyper, who runs Mastercard’s partnerships related to the Internet of Things, as well as new commerce, has joined the Bank Innovation 2018 speaker faculty. He will present on the challenge of creating a global fintech operation, whether you’re a startup or an established corporation. Mastercard is experienced at these sorts of deals — witness […].
Payments Dive
DECEMBER 11, 2017
FSS consistently ensures higher ATM uptime at lower cost. Leverages predictive modeling to deliver optimal cash efficiency ratio.
Bank Innovation
DECEMBER 11, 2017
EXCLUSIVE- SunTrust Banks Inc has joined the network of institutions using the Zelle realtime payments network. The service is now accessible via SunTrust’s suite of mobile apps. The Zelle network is owned by Early Warning, a provider of payments and security solutions. In October 2017, EW announced Q3 payments of $17.5 billion, involving more than […].
Payments Dive
DECEMBER 11, 2017
FSS delivers comprehensive reconciliation services combining skilled resources, best. practices and advanced technology.
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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.
Bank Innovation
DECEMBER 11, 2017
Bitcoin futures had a strong debut yesterday on the Cboe Global Markets Inc exchange, surging so much in its first session that it tripped two price halts on the network. The futures triggered these circuit breakers with a 26% jump after trading began, according to reports by Bloomberg. Additionally, trading volume was above expectations for […].
PYMNTS
DECEMBER 11, 2017
There seems to be no such thing as a Christmas vacation when one’s main profession is defrauding consumers and businesses. It appears the ever-inventive thieves of the world have found a new way to make gift card fraud work for them this holiday season, according to the Better Business Bureau (BBB). This year the scam relies on thieves grabbing cards off the rack, scratching the film that covers the card PIN underneath and copying the relevant numbers.
Bank Innovation
DECEMBER 11, 2017
Cryptocurrency wallet provider BitGo has just raised $43 million in new funding, the company announced today, which will be put towards expanding the use of its technology among institutional investors. The Series B round was led by Valor Equity Partners, and comes as bitcoin is getting more and more attention from investors as the currency’s […].
Payments Dive
DECEMBER 11, 2017
Ensures 100% success in EJ retrieval on effectively connected ATMs using in-house vendor agnostic tool.
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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 11, 2017
The U.S. Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec. 8). Kenneth Montgomery, first vice president and chief operating officer of the Federal Reserve Bank of Boston, is taking up the position. He will lead the Fed’s initiative to address payments fraud risk and boost the security of payments in the U.S.
Payments Dive
DECEMBER 11, 2017
Managing 4,900 plus ATMs and ensuring consistently high uptime
PYMNTS
DECEMBER 11, 2017
It’s common knowledge that even the best laid plans do not always go according to, well, plan. Few companies understand this concept better than the players in the airline industry. Plenty of opportunities exist for things to go wrong in airline travel. Over the years, airline carriers have encountered a long list of problems that include computer glitches resulting in delayed flights, severe weather systems and overbooked planes, and those problems or others like them will most likely persist i
Let's Talk Payments
DECEMBER 11, 2017
After many NFC pilots and Apple Pay, Samsung seems to have cracked the code! For many in the contactless payments industry, they have had a genuine conviction each of the.
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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 11, 2017
New data from the Cambridge Centre for Alternative Finance (CCAF) found the U.K.’s alternative finance market grew by 43 percent in 2016, and researchers are pointing to small businesses (SMBs) as a key driver of that expansion. According to news from Reuters late last week, the survey, released on Friday (Dec. 8), found $6.2 billion was raised through alternative finance platforms like crowdfunding and peer-to-peer (P2P) financing in 2016, up from about $4.3 billion in 2015.
Let's Talk Payments
DECEMBER 11, 2017
Mike Sigal, an entrepreneur, early-stage investor & Partner at 500 Startups, presents his views on the wave of financial technology startups that facilitate long-term changes in the financial services industry.
PYMNTS
DECEMBER 11, 2017
Much of the alternative business financing market formed as a response to the need for an entirely different way for companies to take out a loan. Steve Troy, CEO of AeroFund Financial, says that’s a trend permeating many components of corporate finance today: Businesses don’t just need better tools – they need, in some cases, an entirely new way to manage finances.
Bobsguide
DECEMBER 11, 2017
January 2018 will become a milestone in global financial history: PSD2 reforms coming into force will drive innovation within a centuries-old service model. Customers will benefit from easier switching from their primary bank and enjoy new alternative applications as main touch points with banks. At.
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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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