Bank Innovation
DECEMBER 7, 2017
Voice assistants like Alexa and Siri could be the future of banking, as more and more consumers indicate a willingness to interact with their bank through these platforms, a study released this week by NTT Data found. When it comes to voice, 41% of consumers that identified as “explorers” would use platforms like Siri or […].
Chris Skinner
DECEMBER 7, 2017
There were lots and lots and lots, literally, of focus upon mobile and financial inclusion in my Sudan conference. I guess because only 4% of the adults who live there are banked. You heard me, just four percent. There are over 20 million people of working or retirement age in … The post How difficult is financial inclusion? appeared first on Chris Skinner's blog.
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Bank Innovation
DECEMBER 7, 2017
EXCLUSIVE — With its recent launch in the U.S., cryptocurrency exchange bitFlyer wants to bridge the trading gap between two of the world’s largest bitcoin markets. “Japan is the largest bitcoin trading market in the world, about 50% of it happens in there; the U.S. is the second biggest market,” Bartek Ringwelski, chief operating officer […].
Payments Dive
DECEMBER 7, 2017
Globally, the reliance on card-payment methods is failing merchants and their ability to further monetize. Despite the fact that there are 5 billion phone owners globally, there are only 1.5 billion credit card owners.
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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 7, 2017
EXCLUSIVE — Payments technology company Mastercard has partnered with New Jersey-based bank, Cross River, to debut its “Mastercard Cash Pick-Up” service, the bank announced today. The service allows banks, as well as bank disbursement partners, to quickly give cash to “vetted” customers, without the use of a physical card. Cross River is the first bank to […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
DECEMBER 7, 2017
Dubai Financial Services Authority (DFSA) has signed two new agreements with Hong Kong’s regulators to collaborate on fintech innovation. According to reports, DFSA signed bilateral agreements with Hong Kong’s Insurance Authority (IA) and the Hong Kong Monetary Authority (HKMA), to share information sharing and referrals of fintech innovation. Ian Johnston, chief executive of the DFSA, […].
PYMNTS
DECEMBER 7, 2017
Marqeta , the open API payment card issuing platform, and Progressive Leasing, a virtual lease-to-own company, have announced a technology partnership that will enhance the checkout process for Progressive Leasing customers. Progressive, a division of Aaron’s, Inc. , is one of the largest players in the lease-to-own industry. In seeking a partner to provide innovative solutions to help build their future payment checkout roadmap, Progressive will work with Marqeta to issue virtual cards at the p
Bank Innovation
DECEMBER 7, 2017
EXCLUSIVE – Bank of America seeks electronification of cash not only as way to better serve its banking customers but also as an excellent way to reduce costs: according to Bank of America CEO Brian Moynihan, this digitization of cash can save the bank billions of dollars. “That’s why Zelle is so importance to us,” Moynihan […].
Insights on Business
DECEMBER 7, 2017
Two years ago I wrote an article on the 6 biggest trends in FinTech. Looking back, I’m happy to say that there has been significant progress in all the areas. A year after that, I wrote Everyone is Talking about APIs to discuss a trend that, at the time, was new to the industry. In a landscape where new technology arises, gets implemented and goes mainstream in a heartbeat, I wanted to cover five of the most impactful trends currently impacting the FinTech industry today: 1.
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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 7, 2017
Discover will no longer require signatures as a form of authentication at the point-of-sale, turning instead to identification methods like tokenization and biometrics, the company announced yesterday. The move is part of efforts by Discover to improve its payment experience, both by “speeding up the time spent at checkout” while simultaneously “maintaining a high level […].
PYMNTS
DECEMBER 7, 2017
While many foreign firms complain that China is a hard market in which to do business, Walmart-operated Sam’s Club has managed to make some major inroads. The bulk buy retailer has struggled head-to-head in its home country against Costco, but in China, it’s a very different story. Three of the top-performing Sam’s Clubs on Earth are located there, as the brand attracts a certain type of shopper with extreme regularity.
Let's Talk Payments
DECEMBER 7, 2017
Imagine you are a small-business owner running a profitable family restaurant for several years and looking to expand to another location. To do this, you need a $70,000 loan, but.
PYMNTS
DECEMBER 7, 2017
The United States hasn’t had a new payment system for 40 years – until now. And, now that the U.S. has had a taste of faster payments, the country’s Federal Reserve wants to push the industry even further into the future. The December edition of the PYMNTS Faster Payments Tracker , powered by NACHA, examines the latest efforts to bring faster payments technology and capabilities to the United States. .
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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
DECEMBER 7, 2017
The biometrics market is expected to experience a substantial growth over the coming years. Some estimates suggest that by 2020, global mobile biometric market revenues will reach $34.6 billion annually.
PYMNTS
DECEMBER 7, 2017
When Panera Bread first rolled out its mobile order-ahead service in 2012, the idea was to attract consumers wary of waiting in lines for service. Five years in, the bakery-café chain is taking its restaurant readiness strategy to the next level with voice-enabled mobile ordering offerings. Earlier this month, the St. Louis, Missouri-based company partnered with Google to allow customers to place orders using simple phrases like, “OK Google, ask Panera for delivery,” or “OK Google, talk to Paner
Bobsguide
DECEMBER 7, 2017
Bobsguide invited Flux CEO, Matty Cusden-Ross and VP of Barclays Open Innovation, Richard Thompson, to sit around the table to discuss their new commercial partnership. Flux, the digital receipt start-up, talks adjusting to legacy life and Barclays discusses its approach to PSD2, GDPR and whether.
PYMNTS
DECEMBER 7, 2017
Amazon takes another swing at Etsy, Apple catches up in the proprietary Pay game and Facebook matriculates a new generation of social media users with its new Messenger product for kids — this and more of the latest news from the Frightful Five, just in case you missed it. Amazon. In another blow to online artisan marketplace Etsy, Amazon is pushing its own artisanal wares this holiday season by offering last-minute, one- and two-hour Prime Now delivery through Christmas Eve on items from its A
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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.
Let's Talk Payments
DECEMBER 7, 2017
Alex Rampell, General Partner at Andreessen Horowitz, discusses the underlying trends, shifts, and where opportunities for the tech industry lie thanks to mobile as the router through the digital wallet.
PYMNTS
DECEMBER 7, 2017
Lyft has started its self-driving car pilot with the self-driving car company nuTonomy , matching its riders with autonomous vehicles in parts of Boston. nuTonomy made the announcement that passengers in Boston’s Seaport district will experience self-driving rides on the Lyft network in nuTonomy vehicles. As the pilot progresses, select area passengers will be matched with nuTonomy self-driving vehicles when they request rides through the Lyft app.
Payments Source
DECEMBER 7, 2017
The information you need to start your day, from PaymentsSource and around the Web. Today: Travelers from China get more payments tech; Brave adds new content payments; Revolut adds support for more cyrptocurrencies; EMV matures.
PYMNTS
DECEMBER 7, 2017
With decreasing sales at brick-and-mortar stores, declining foot traffic and closing storefronts for retail chains, shopping mall owners are using new technology to help turn things around. According to news from CNBC on Wednesday (Dec. 6), real estate and investment management services firm Jones Lang LaSalle (JLL) will implement a Pinpoint shopper monitoring system — created in collaboration with Atlanta-based location insights and analytics firm Alexander Babbage — that geotracks customers.
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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.
BankNXT
DECEMBER 7, 2017
Phil Siarri talks to Patrick Kuczynski and Fouad Kouidmir, co-founders of Montreal-based investment information platform ShareAlpha. Patrick Kuczynski and Fouad Kouidmir on the story of ShareAlpha on BankNXT.
PYMNTS
DECEMBER 7, 2017
Bitcoin (as of the time this article was written) was valued at more than $16,000 per unit, so perhaps there is no value going out of this bubble anytime soon. But the team at game distribution platform Steam has decided that bitcoin is a bit rich for its blood these days — and thus, they will no longer accept bitcoin transactions. “In the past few months we’ve seen an increase in the volatility in the value of bitcoin and a significant increase in the fees to process transactions on the bitcoin
Payments Source
DECEMBER 7, 2017
Establishing trust, especially when it comes to online payments, is critical. People need to feel secure and confident that their personal boundaries won’t be crossed or their information misused, writes Rik van't Hof, director of product management front-end for Ingenico e-commerce.
PYMNTS
DECEMBER 7, 2017
The state of California’s insurance regulator is aiming to suspend or revoke the insurance licenses from Wells Fargo due to illicit sales practices with an online referral program. According to a report in CNBC , the state regulator contends that around 1,500 unauthorized policies were opened for California customers without them knowing about it. The sales were for renters’ insurance and term life policies that are offered by four insurance firms via the referral program.
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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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