Chris Skinner
FEBRUARY 11, 2019
Last week we had our first meetings of Nordic Finance Innovation, the largest networking group in the Nordic region for people involved in finance and technology which I happen to chair. The meeting focused upon data: data usage, data analytics, data leverage and data privacy. It was an interesting meet-up … The post AI, machine learning, data and Nordic banks appeared first on Chris Skinner's blog.
PYMNTS
FEBRUARY 11, 2019
Entrepreneurs sometimes see opportunity in places that are far from the hustle and bustle of city life: When spending time in San Francisco, Outdoorsy Co-founder and CEO Jeff Cavins spotted an unmet need for accommodations other than hotels or home shares in scenic destinations. And while he noticed that people loved camper vans and recreational vehicles (RV), there weren’t many places to rent them.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Chris Skinner
FEBRUARY 11, 2019
Things we’re reading today include … Monzo to roll out business bank accounts in revenue shake-up There Is No Such Thing As ‘Dormant Funds’ In Banking Visualising the world’s most valuable bank brands Varley faced walking ‘the plank’ if Qatar rescue failed The Guardian view on the UK economy: before … The post Things worth reading: 12th February 2019 appeared first on Chris Skinner's blog.
Bank Innovation
FEBRUARY 11, 2019
BNY Mellon is on the hunt for fintech partnerships related to popular technologies like blockchain, data analytics, and AI, but also those related to more obscure technologies like natural language generation, Lucien Foster, head of digital partnerships at BNY, told Bank Innovation. “We explore all technologies,” Foster said. “We have an AI team, a blockchain […].
Advertisement
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
PYMNTS
FEBRUARY 11, 2019
Cash flow is steady when accounts payable and accounts receivable are well managed. Hiccups in accounts receivable — such as not getting paid on time — mean that business owners can struggle to meet their own financial obligations. Intuit found through a study that, across the globe, as much as 61 percent of small businesses (SMBs) face difficulties when it comes to managing cash flow.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
FEBRUARY 11, 2019
The year is 2039. The youngest of the bridge millennials – those 30- to 40-year-olds who today represent the first generation of connected consumers with spending power – will be having their mid-life crises at the age of 50. And the 60-year-olds will be telling the world that 60 is the new 30. By then, it might be. The year that even a decade ago seemed a lifetime away is only 20 years from now – and will be here before we know it.
Bank Innovation
FEBRUARY 11, 2019
Cambr, a cloud-based platform powered by investment firm StoneCastle and digital banking software provider Q2 Holdings, is helping neo-banks and fintechs launch and scale up through a network of 850 community banks. Joshua Siegel, managing director and CEO of StoneCastle, told Bank Innovation that Cambr essentially allows any company to offer banking products and services […].
PYMNTS
FEBRUARY 11, 2019
As the payments landscape evolves and becomes ever more digital in scope, and as FinTech firms make inroads into traditional financial services, regulators are looking at FinTech credit — and how it might be defined and shaped. There seem to be no easy answers on just how to regulate the space. The Financial Stability Board (FSB) has released a report, stating that “descriptions of FinTech credit business models vary significantly across jurisdictions.
Ron Shevelin
FEBRUARY 11, 2019
Zelle can point to its impressive P2P payments growth rates and transaction volume, but it's not really beating Venmo in the overall battle. Here are 5 stats about P2P adoption and use to shed light on the war.
Advertisement
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
PYMNTS
FEBRUARY 11, 2019
Goldman Sachs and other investors have led a $44 million investment round in Nav , a company linking small businesses to their business credit scores and reports. Reports in Reuters on Monday (Feb. 11) said Point72 Ventures, Experian Ventures, CreditEase FinTech Investment Fund and Aries also joined the round, which Nav said will be used to focus on further developing its technology.
Insights on Business
FEBRUARY 11, 2019
According to recent information from Juniper Research , online payment fraud losses from e-commerce, airline ticketing, and money transfer and banking services are expected to reach $48 billion by 2023, more than double the $22 billion in losses estimated for 2018. There’s been a wave of data breaches, now what? The wave of data breaches in the past 24 months has flooded the market with personal information that criminals are using to steal money.
PYMNTS
FEBRUARY 11, 2019
Amid great technological change, health and beauty retailers are developing strategies to drive innovation. In some cases, retailers are using social media tools such as Instagram to post promotions and product tutorials — or interact openly with consumers about their offerings. The aim is to stay on top of the latest digital commerce trends to remain relevant.
Insights on Business
FEBRUARY 11, 2019
In the beginning of the cloud computing era, “private clouds” promised the scalability, flexibility and manageability of public clouds, combined with the security and control of on-premises data center environments. But some early private clouds, in fact, were neither private nor clouds. Over time, however, such offerings matured and firms like IBM have led the way.
Advertisement
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.
PYMNTS
FEBRUARY 11, 2019
Among the hottest battles for eCommerce market share involves private label products, with a recent move from Walmart among the latest developments in that particular arena. But the growing use of those brands to attract sales is also leading to more focus on potential challenges for online, private label retail over the next few years. Private brands, of course, are hardly new, and their use in retail predates the birth of eCommerce.
Bobsguide
FEBRUARY 11, 2019
Although firms have become wary of risks and significant costs as they begin to prepare for the transition from the London Interbank Offered Rate (Libor) to the Sterling Overnight Interbank Average Rate (Sonia) as the benchmark interest rate, the process of moving to the new rate doesn’t have.
PYMNTS
FEBRUARY 11, 2019
A German teen has found a vulnerability bug in macOS that exposes all passwords stored on the system, but he has decided not to give Apple any information about it, according to reports. The bug, which was discovered by 18-year-old Linus Henze and was first verified and reported by Forbes , leaves passwords visible to malicious apps. The potential information available to be stolen could include bank logins, streaming site passwords from companies like Netflix and Amazon, passwords to chat apps
Bobsguide
FEBRUARY 11, 2019
Over the past few years, technological advances, regulatory changes and the introduction of a range of new market participants has driven efficiencies and opportunities across the payments world, but the fast-changing nature of the industry has created the need for systematic, forward planning.
Advertisement
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
FEBRUARY 11, 2019
State Bank of India announced that it has joined digital invoice discounting marketplace Invoicemart as a financier, a move that will make working capital available for more than 1,400 micro, small and medium enterprises (MSMEs). Initiatives such as the Trade Receivables Discounting System (TReDS) are expected to be a major source of financing for the MSME market.
Payments Source
FEBRUARY 11, 2019
Technology companies have pushed machine learning as a way to combat a fraud threat that's increasing in size and sophistication, and there are signs emerging security innovation is making a difference.
PYMNTS
FEBRUARY 11, 2019
A common, enduring fantasy for many consumers — a group that likely includes many PYMNTS readers and writers — is walking into a high-end retail store, chain or boutique that sells luxury brands , and spending vast sums on the best clothes, shoes, handbags, watches and other items. That notion still features the plots of movies and TV shows, fuels a good number of rags-to-riches tales and serves as part of the foundation for the ideal we call the American Dream.
ABA Community Banking
FEBRUARY 11, 2019
This generation has unique values that financial service brands have been getting wrong The Economy Financial Research Feature Financial Trends Technology Payments Customers Branch Technology/ATMs Tech Management Feature3 Fintech.
Advertisement
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
FEBRUARY 11, 2019
Ripple reportedly offered bonuses via its digital currency during its recruiting process, according to CoinDesk. One unnamed source was said to have provided the outlet with a 2018 email that indicated a package of XRP with a value as high as $3 million. According to “conversations with two prospective recruits,” bonuses could be between $1 million and $6 million.
Insights on Business
FEBRUARY 11, 2019
In recent months, some prominent organizations have begun moving away from their traditional pattern of purchasing colossal, general-purpose infrastructure technology, and have begun looking towards personalized technology options. This well-publicized trend has also highlighted a wider change in the market, namely, the increasing importance of picking not only the right application, but also the right supporting technology to achieve the end goal.
PYMNTS
FEBRUARY 11, 2019
Retail furniture giant Ikea’s recent acquisition of handyman site TaskRabbit shows that it’s aware of competition from other online-only furniture retailers, and their push of services like installation and delivery, according to a report by Reuters. Ikea bought the company in September 2017 as part of an effort to increase different services meant to help customers after they purchase “assemble-yourself” furniture.
Payments Source
FEBRUARY 11, 2019
SendFriend has raised $1.7 million in a funding round to support the launch of its money transmission service for overseas Filipino workers to transfer U.S. dollars to the Philippines' pesos.
Advertisement
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.
Expert insights. Personalized for you.
404 
Let's personalize your content