Chris Skinner
SEPTEMBER 30, 2018
Things we’re reading today include … Digital start-ups complain they’re being frozen out of £775m RBS remedies contest City minister vows to defend London London’s online trading groups hit by European crackdown Overseas banks push for tax cuts ahead of Brexit How the IMF can manage the global economy better … The post Things worth reading: 1st October 2018 appeared first on Chris Skinner's blog.
PYMNTS
SEPTEMBER 30, 2018
Ripple (XRP) has overtaken Ethereum within the last 24 hours, with a 7 percent surge in price for a market valuation of $24.28 billion. According to CCN , this is the third time this year that Ripple has moved past Ethereum, with each time occurring in the second half of September. But with the market cap of Ethereum only slightly below that of Ripple — combined with the weak volume of XRP — it is likely that Ethereum will regain its position as the second-most valuable cryptocurrency soon.
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Payments Source
SEPTEMBER 30, 2018
The potential for voice payments is massive and drawing significant attention from developers. But limited use suggests it's not ready for prime time.
PYMNTS
SEPTEMBER 30, 2018
Ripple , the blockchain startup, is heading up a new cryptocurrency lobbying group called Securing America’s Internet of Value Coalition. Coindesk , citing a Business Standard report late last week, reported the companies behind the lobbying group also include the RippleWorks Foundation ; Coil , a company developing a solution for digital payments; Hard Yaka , an investment firm focusing on digital assets; and PolySign , a company seeking to be a crypto custodian.
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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 Source
SEPTEMBER 30, 2018
Visa is pursuing the online criminals to prevent future fraud. Visa also works with law enforcement agencies to quantify potential losses and, where possible, assist in the threat mitigation.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
SEPTEMBER 30, 2018
As with many mobile apps and services, I think we underestimated the fragmentation issue. That includes consumers preferring different operating ecosystems, and also different versions of Android or iPhone hardware, according to Ankit Jumar, manager of digital payments and mobile financial services at Gemalto.
PYMNTS
SEPTEMBER 30, 2018
Facebook could get hit with a massive EU fine by a European Union privacy watchdog after the company announced on Friday (Sept 28) it had suffered a Facebook data breach that compromised the accounts of more than 50 million users. Ireland’s Data Protection Commission, which is Facebook’s lead privacy regulator in Europe, has requested more information from the company about the breach, including which EU residents might be affected.
Independent Banker
SEPTEMBER 30, 2018
“Your character, integrity and strong reputations will continue to serve you well.”. With the 10th anniversary of the Wall Street financial crisis just behind us, let us not forget the wrongdoings of the nation’s largest and most systemically important banks—wrongdoings that led to the Great Recession and the undoing of one too many American dreams.
PYMNTS
SEPTEMBER 30, 2018
Fidelity Investments , the Boston-based fund company, is becoming a leader in blockchain technology, investing billions of dollars on that and other cutting-edge technologies. According to a report in CNBC citing Fidelity, billions of dollars are going toward Fidelity blockchain, Fidelity AI and Fidelity VR. Executives told CNBC Fidelity wants to be considered an Nvidia alternative, not compared to the likes of Charles Schwab, and thus the technology push.
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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
The Financial Brand
SEPTEMBER 30, 2018
Digital channels are used by leading financial brands to personalize communication while supporting major product and branding initiatives. The post Leading Financial Brands Using Digital Marketing To Win Consumers appeared first on The Financial Brand.
PYMNTS
SEPTEMBER 30, 2018
Amazon.com is reportedly getting into the online mattress business, entering a market in which a handful of startups are trying to dominate. According to a report in Bloomberg , AmazonBasics firm mattress, which sells starting at $130, was found by TJI Research late last week. The firm monitors the list of more than 120 private label Amazon brand products that now includes kitchen goods, clothing, batteries, and electronics.
The Financial Brand
SEPTEMBER 30, 2018
Financial marketers are accelerating investments in digital advertising for both branding initiatives and to support more personalized messaging. The post How Leading Financial Brands Are Using Digital Marketing To Win Consumers appeared first on The Financial Brand.
PYMNTS
SEPTEMBER 30, 2018
Klaxit , the French startup that connects drivers with riders commuting to work, has inked a partnership with Uber , recently launching a new feature. According to reports , if a driver cancels a ride home from work, Klaxit will book an Uber ride for the customer. Unlike Uber , which is focused on the entire ride-sharing market, Klaxit is only focused on commuting to and from work.
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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.
The Financial Brand
SEPTEMBER 30, 2018
Flawed strategic planning sessions leave many financial institutions bleeding to death from self-inflicted wounds. Here's how to avoid their mistakes. The post Common Strategic Planning Mistakes That Can Cripple Financial Institutions appeared first on The Financial Brand.
PYMNTS
SEPTEMBER 30, 2018
Securities law experts say that the U.S. Securities and Exchange Commission’s recent settlement with Tesla’s Elon Musk is proof that the agency is getting tougher on corporate regulation of executives. This past weekend, Musk agreed to settle the securities fraud SEC charges against him last week by stepping down as chairman of Tesla, as well as paying a $20 million fine.
PYMNTS
SEPTEMBER 30, 2018
Tencent Holdings revealed that it is restructuring for the first time in six years as it faces tougher Chinese internet regulation. According to Reuters , the Chinese internet giant announced that Tencent executives will consolidate three content business groups to one unit and implement a new group for cloud and smart industries. In addition, the company will “further explore the integration of social, content and technology that is more suitable for future trends, and promote the upgrade from
PYMNTS
SEPTEMBER 30, 2018
The Securities and Exchange Commission announced Saturday (September 30) that Elon Musk, CEO and chairman of Tesla , and the green car company have agreed to pay a total of $40 million in fines and for Musk to resign as chairman to settle securities fraud charges. In a press release , the SEC said it charged Tesla with failing to have required disclosure controls and procedures relating to Musk’s Tesla going private tweets and Tesla stocks, a charge that Tesla has agreed to settle.
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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
SEPTEMBER 30, 2018
IdentityMind Global announced Monday (Oct. 1) that IdentityMind’s pioneering compliance, risk management and fraud prevention platform has integrated CipherTrace ’s digital currency risk assessment technology. In a press release IdentityMind Global said the solution allows virtual currency exchanges, ICOs, hedge funds, financial institutions and any company that accepts cryptocurrency to understand the risks they present.
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