Chris Skinner

OCTOBER 19, 2017

I was at a large bank’s wealth management conference recently, where the CEO was being quizzed about various areas including a lot about technology and FinTech. He made several statements that I noted with interest: “Roboadvisory services improves our speed-to-market and human productivity, but does not replace humans. In particular, … The post Why bankers only see horses and technologists are creating cars appeared first on Chris Skinner's blog.

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Bank Innovation

OCTOBER 19, 2017

EXCLUSIVE—Tech giants have already figured out open banking, and more than the growth of fintech firms, this should make financial incumbents nervous. “You don’t need a banking license, which some of them have, to [create] financial services that people use: services like Amazon Lending, PayPal Credit, whatever it is,” Louise Beaumont, strategic advisor for SapientRazorfish […].

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Payments Dive

OCTOBER 19, 2017

The QR code – which has had a wild ride – is going to both speed up the e-commerce payment experience and make it more secure.

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Bank Innovation

OCTOBER 19, 2017

If you’re not sure what an ICO is, well, join the club — but you’re in the right place to find out. Margaux Avedisian of Transform Group stopped by to explain it to us. She is in the business of getting attention to initial coin offerings and token sales, and has been steeped in bitcoin longer […].

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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

Lending

Chris Skinner

OCTOBER 19, 2017

Things we’re reading today include … Lloyds boss urges UK to maintain its trade relationship with the EU Labour demands review into City of London role in money-laundering Banks consider 555 fraud ‘hotline’ Thirty years ago this week, Wall Street slid into the abyss Goldman Sachs boss talks up Frankfurt … The post Things worth reading: 20th October 2017 appeared first on Chris Skinner's blog.

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Fraud 157

PYMNTS

OCTOBER 19, 2017

Signing at the end of a transaction at the physical point of sale is hardly ever about showing off a consumer’s best penmanship. Often distracted and always in a hurry, buyers typically produce what could only be described as a cross between modern art and a second grader’s early attempts at cursive. And nothing that could ever be mistaken for a proper human name.

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Bank Innovation

OCTOBER 19, 2017

EXCLUSIVE- Marcus, the lending platform launched a year ago by Goldman Sachs, is not yet bringing in real financial returns, but it is the centerpiece in the bank’s growing retail strategy. The company wasn’t exactly effusive in distributing information about the product, not mentioning in the prepared remarks, but inquisitive analysts wormed it out of […].

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PYMNTS

OCTOBER 19, 2017

In an era of nearly constant data breaches, securing commerce is now everyone’s concern. And for good reason. In addition to the potential liability that issuers and merchants may face if stolen credentials or identities are used online, breaches only further fuel consumer concerns over whether – or how – to use their payments credentials securely in an increasingly digital world.

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Bank Innovation

OCTOBER 19, 2017

EXCLUSIVE – With the launch of PIVOT Technology Solutions, Beijing-based fintech PINTEC is bringing a variation of its well-established Polaris robo-advisory, “real-time wealth management system” to Singapore. Bank Innovation held an exclusive interview with Yudong Zheng, CEO of the Polaris company, to discuss PINTEC’s strategy for growth in the Southeast Asian region and the company’s […].

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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

Report

PYMNTS

OCTOBER 19, 2017

Customers are increasingly making purchases online and making decisions based on shipping – namely, how fast and how cheaply a retailer can get products to their doors. But what can merchants do when shipping can’t be sped up? In the new PYMNTS.com Omni Usage Report, a Vantiv collaboration, PYMNTS delves into the new tools and solutions designed to help retailers increase shipping speeds while cutting logistical costs.

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Trends Retail Online Report 134

Bank Innovation

OCTOBER 19, 2017

Mastercard has had enough of waiting for the signature to die on its own. That’s why the global payments company is eliminating the need for a signature at the point-of-sale, starting today. The step should help eliminate some of the consumer friction at retail checkout, where customers have to deal with chip problems, swipe problems […].

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PYMNTS

OCTOBER 19, 2017

In what may be South Africa’s largest data breach, hackers may have gotten away with extensive personal information, including ID numbers, income, marital status, employment details and property ownership information. According to a news report in The Next Web , after the team at iAfrikan – along with security consultant Troy Hunt – spotted the largest data breach thought to have transpired in South Africa , it discovered that personal information was breached for both living and deceased people

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Bank Innovation

OCTOBER 19, 2017

Justin Gianninoto, director of digital strategy, presented at PRSA NJ’s “Brand Storytelling & Content Marketing” seminar to discuss how to get results for your company or organization with great storytelling. Some. The post PRSA NJ Panel on Brand Storytelling and Content Marketing [PODCAST] appeared first on Stern Strategy Group.

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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.

Lending

PYMNTS

OCTOBER 19, 2017

The Florida Restaurant and Lodging Show is an annual three-day event for hospitality professionals to network, source, purchase and learn about new industry trends to follow, how to increase profits and how to ramp up their restaurant or lodging business to engage and serve customers in innovative ways. This year’s event was originally scheduled for three days starting Sept. 10, but when event director Tom Loughran of Urban Expositions (which hosts the event) heard that Hurricane Irma would be m

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Bank Innovation

OCTOBER 19, 2017

The ex-Google, ex-Apple employee Tony Fadell is moving forward with his next idea, an investment firm looking to boost startups in multiple industries around the globe. The firm, called Future Shape, already includes “100+ investments” in various categories. While the firm is not specifically focused on fintech, it already claims 18 bets under the subheading […].

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PYMNTS

OCTOBER 19, 2017

A new survey released on Wednesday (Oct. 18) suggests that small businesses (SMBs) are likely to reduce borrowing activity in the second half of 2017. The latest data from Pepperdine University’s Graziadio School of Business and Management, along with Dun & Bradstreet, found that small businesses surveyed expected slower annual revenue growth for the second half of the year.

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Bank Innovation

OCTOBER 19, 2017

HSBC along with its subsidiary First Direct has partnered with London-based fintech startup Bud to test one of its open banking apps. This banking app will allow users to view all their account information and receive transaction notices, as well as have PFM features such as money management tips and product suggestions (even from third parties). […].

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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.

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PYMNTS

OCTOBER 19, 2017

Apple is like a glamorous celebrity who seems to have it all together but, beneath the shimmering screen of makeup and high fashion, is actually falling apart. With iPhone X presales starting in one week, the company is still struggling to manufacture the product, and all the while Qualcomm is fighting to get the company and its products banned from China, where most iPhones are made.

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Apple Google Samsung Report 117

Bobsguide

OCTOBER 19, 2017

The Finastra CEO sits down with bobsguide to discuss banks’ changing approach to overhauling legacy systems. What are your key takeaways from the customer meetings you have had at Sibos so far? One of our key beliefs, and something that has also been confirmed as we speak to our.

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PYMNTS

OCTOBER 19, 2017

On Tuesday (Oct. 17), Rambus, Inc. announced news of a partnership with domestic Australian debit network eftpos. The collaboration will allow eftpos to support Apple Pay through its issued debit cards. Rambus, which launched a comprehensive mobile payments platform earlier this year, is helping eftpos bring tokenization to Australian cardholders. The Australian debit network will integrate its cards with Rambus’ Token Service Provider (TSP) technology, which tokenizes payer information and repl

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Let's Talk Payments

OCTOBER 19, 2017

Innovation Advances One Funeral at a Time In an amazingly enlightening conversation, Naval Ravikant, the CEO of AngelList, and Ryan Shea, Co-founder of Blockstack, share thoughts on decentralization – how.

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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.

Compliance

PYMNTS

OCTOBER 19, 2017

Seed , which launched in 2015 to disrupt small business (SMB) banking, is emphasizing its focus on mobile-first solutions in the wake of revelations of its recent survey. In an announcement on Wednesday (Oct. 18), Seed revealed news that it is rolling out small business banking solutions and released the results of a survey of 423 small businesses in the U.S. that found more than half don’t have access to “an intuitive, simple mobile banking app.

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Let's Talk Payments

OCTOBER 19, 2017

The issues related to scaling new technology, specifically in terms of stress testing its availability and redundancy, are very well known to entities that successfully operate such products and services.

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Operations Technology US Fintech 99

PYMNTS

OCTOBER 19, 2017

The credit union industry has been seen as a network of financial institutions (FIs) behaving like “ mom and pop ” shops. But, some credit unions (CUs) say, what’s wrong with that? While banks and rival FinTech companies are often able to more quickly adopt and release new technological solutions to their customers, one of the areas in which credit unions have managed to be highly competitive with their financial rivals is customer service.

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Bobsguide

OCTOBER 19, 2017

Five years ago in the ever so tech primitive 2012, you either managed Big Data or Fast Data. There was a compromise and trade-off between the two, it was simply impossible to compute vast amounts of data in a reasonably responsive way and a real headache for data solution providers. The.

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Big Data Data Meeting Technology 79

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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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