Chris Skinner
DECEMBER 17, 2018
I was listening to a great discussion about innovation (again) amongst a group of innovative bankers. As the conversation progressed, it made me reflect on a few things. In particular, how the conversation about innovation has changed over the past decade. Just before the financial crisis hit, innovation was big … The post From innovation theatre to real innovation appeared first on Chris Skinner's blog.
Bank Innovation
DECEMBER 17, 2018
Matt Oppenheimer, CEO and co-founder of digital remittance company Remitly, will speak at Bank Innovation Ignite in Seattle in March 2019 on Building the Future of Banking. His Seattle-based startup recently an expansion of its global reach to 40 countries as well as the roll-out of several service enhancements. Remitly has grown to nearly 800 employees worldwide […].
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Payments Dive
DECEMBER 17, 2018
This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.
Chris Skinner
DECEMBER 17, 2018
Things we’re reading today include … Bank CFOs Are Embracing The Digital Future Malta To Get A Blockchain Bank Ex-president of only bank charged with fraud in US crisis bailout program gets 6 years prison Bank of England could include climate change impact in UK stress tests next year If … The post Things worth reading: 18th December 2018 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
Payments Dive
DECEMBER 17, 2018
This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
DECEMBER 17, 2018
The Clearing House's "tremendous effort" to bring realtime payments (RTP) to the entire U.S. banking industry would be stymied if the Federal Reserve decides to facilitate its own system for realtime interbank faster payments settlement, according to Steve Ledford, SVP Products and Strategy at The Clearing House. “Of course, we would support the Federal Reserve, […].
PYMNTS
DECEMBER 17, 2018
There’s a new method hackers can use to break into someone’s smartphone: create a 3D-print life-size replica of the owner’s head. To show how the method can work, Forbes reporter Thomas Brewster had a 3D print of his own head created at Backface in Birmingham, U.K. He then used his real-life head to set up facial recognition on five phones, including the iPhone X and four Android devices: an LG G7 ThinQ, a Samsung S9, a Samsung Note 8 and a OnePlus 6.
Bobsguide
DECEMBER 17, 2018
Headlining in 2018, the price volatility of bitcoin, cloud computing, and challenger banks stole the show. Funding in the UK from the government in East London Tech City and tech partnerships in Brazil and South Africa, has shown that digitisation and innovation have been front of mind for both.
PYMNTS
DECEMBER 17, 2018
Payments have been a pain point throughout the evolution of merchants. As commerce globalizes, merchants are left wondering whether they have the payment methods that people want to use through digital channels, while also facing the sheer magnitude of declines. “Merchants have problems with payments in new and broader and deeper ways than they have in a while,” Modo CEO Bruce Parker told PYMNTS in an interview.
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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
Bobsguide
DECEMBER 17, 2018
Banks must sharpen up their onboarding process if they are to retain the lionshare of customers, according to John Erik Setsaas, VP of identity and innovation at Signicat. Research from Signicat - the digital identity verifier fintech - has revealed that more than 50% of people abandon a.
PYMNTS
DECEMBER 17, 2018
A financial technology company called B-Social has raised £3.2 million ($4 million) in funding from undisclosed but high net-worth entities, according to reports. The funds are just the ambitious company’s beginning steps toward its goal of becoming a wholly licensed bank — one that completely redefines what banking means and framing it around social interactions.
Bobsguide
DECEMBER 17, 2018
Since the General Data Protection Regulations (GDPR)’s enactment across the European Union in May, businesses worldwide have had to re-examine their levels of data security. Have they done enough to prevent breaches? Can they stop their data being compromised? Do the new regulations place.
PYMNTS
DECEMBER 17, 2018
Shoppers might have to wait until the New Year to get their hands on one of Amazon ’s Echo smart speakers. Bloomberg reported that several of Amazon’s online stores in North America and Europe are sold out of various Echo models, with shipment delayed to January or beyond in some areas. The eCommerce giant said that it sold “millions” of Echo devices around the world during the Thanksgiving holiday weekend and Cyber Monday, with the Echo Dot reigning as its best-selling product during that
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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.
Payments Source
DECEMBER 17, 2018
It can be difficult for security analysts to pinpoint the abnormal behavior while sorting through huge amounts of data, according to Steve Moore, chief security strategist at Exabeam.
PYMNTS
DECEMBER 17, 2018
The holiday season brings in a staggering number of returns for eCommerce sales: According to estimates from CBRE, online returns could reach $37 billion amid the gift-giving season. Some of those unwanted items, however, don’t end up being resold by retailers themselves. They fall into the hands of entrepreneurs who scour liquidation and auction websites for items like routers, televisions and printers.
Payments Source
DECEMBER 17, 2018
Gifting is becoming more international and diverse, leading to a role for a a distributed ledger to streamline the user experience and bolster incentive marketing.
PYMNTS
DECEMBER 17, 2018
It’s been six months since the General Data Protection became law of the land, at least in the European Union, and yet the majority of companies that must be in compliance with that mandate are woefully unprepared. A report from IT Governance at the end of last week showed that only 29 percent of firms in the EU have “fully” implemented the GDPR tenets, and the lack of full compliance means that possible penalties loom – to the tune of four percent of a fined firm’s annual top line.
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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
DECEMBER 17, 2018
Neither Amazon nor Starbucks could be described as a traditional retailer. But they both use their shared headquarters city as a playground for developing digital and in-store innovations that all merchants and payment companies will have to respond to the years ahead.
PYMNTS
DECEMBER 17, 2018
New analysis from corporate payments firm Bill.com suggests ACH payments are dominating the accounts payable department. In an announcement on Thursday (Dec. 13), Bill.com said in its report, “ The Rise of Modern Business Payments ,” that accounting professionals now point to ACH payments as the dominant way they pay their corporate bills, with 73 percent noting that they use ACH payments and online banking to pay their clients’ invoices.
Payments Source
DECEMBER 17, 2018
Beyond flashy and visible mobile-driven innovation and transaction options, many executives don’t see the need and opportunity that resides behind the scenes, according to Don Halliwell, director of marketing and communications at Zafin.
PYMNTS
DECEMBER 17, 2018
Japanese payment provider PayPay said Monday (Dec. 17) that it will strengthen the security of its app after receiving several complaints from users about charges that were made in error. According to a report in Bloomberg , citing Fumihiro Ito, PayPay spokesman, customers called and sent emails to complain about charges on their bills that they didn’t make.
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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
DECEMBER 17, 2018
The tech giants, along with Apple, PayPal and others, are calling on the Federal Reserve to build a backbone for real-time payments, rejecting large banks’ claims that the task is best left to the private sector.
PYMNTS
DECEMBER 17, 2018
Google Assistant is now using historic flight status data and machine learning to predict whether a traveler’s flight will be delayed — before the airline even notifies customers. According to Fortune , the service was launched earlier this year through Google Flights, but users can now get the information sent directly to their smartphones via Assistant.
Matt Wilcox Pro
DECEMBER 17, 2018
A curious application just crossed the desk of the United States Patent & Trademark Office. Two weeks ago, MasterCard applied for a patent on its new “… method for anonymization of a blockchain transaction.” “MasterCard’s idea sounds an awful lot like a mixer or tumbler,” reported TNW the day after MasterCard filed its application, “a system often used by cybercriminals [.
PYMNTS
DECEMBER 17, 2018
There is a lot to be optimistic about for U.S. businesses. A strengthening economy and forecasts of new revenue heights have corporates large and small looking up. In the latest “ Biz2Credit Small Business Lending Index ,” researchers found — yet again — that financial institutions (FIs) are continuing to increase their loan approval rates.
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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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