Chris Skinner
MAY 10, 2018
I just presented at a conference focused upon smaller banks. How can they respond to the digital change? Many of them came up with a whole load of barriers to change. Here are the things that cropped up: We have too much to do Yep, small financial firms are busy … The post Small bank thinking appeared first on Chris Skinner's blog.
Payments Dive
MAY 10, 2018
Dan Puterbaugh, senior legal advocate for Adobe, discusses the opportunity for the underbanked and unbanked to break into the financial mainstream.
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Bank Innovation
MAY 10, 2018
SANTA CLARA, Calif. – Day 2 of FinovateSpring has come and gone, and curiously, there were still no demos from a blockchain-focused fintech. Among the 54 fintechs that demoed here over the last two days, more than half showcased products and services that used artificial intelligence in some shape or form, but none of the […].
Payments Dive
MAY 10, 2018
Analytics is at the core of innovation and differentiation in payments. With the growth of digital payments, banks have a plethora of data available from an increasing number of digital payment sources including issuance and acquiring systems.
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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
MAY 10, 2018
Blockchain has yet to realize its full potential, and right now, it seems like financial institutions and technology providers aren’t rushing to push it out of its nascent, proof-of-concept stage. When it comes to blockchain, the technology is “always interesting,” Anil Beniwal, director of engineering for online investment company Betterment, told Bank Innovation — but not […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
MAY 10, 2018
Synchrony Financial announced today (May 10) that it will acquire Loop Commerce , the digital gifting platform used by retailers to make every product giftable. Using Loop’s GiftNow feature, consumers shopping for someone else at a participating retailer can send any product to any recipient using only their email address and then schedule a time for that item to be delivered, including in real time.
Payments Dive
MAY 10, 2018
An interplay of factors – competition from non-traditional players, constant margin pressure and the ongoing shift to digital consumerism and omni-channel commerce -- is having a significant impact on the merchant acquiring business.
PYMNTS
MAY 10, 2018
Wells Fargo announced news on Thursday (May 10) of the launch of Pay with Wells Fargo, a new service for its mobile app that brings payment options to the home screen of the app before a customer must log in. In a press release , the bank said customers can select their most commonly used payment method, including Zelle , mobile wallets, Card-Free ATM Access code and transfers, without having to sign into the app.
Payments Dive
MAY 10, 2018
Five themes are driving change in payments today. Individually they have a significant impact on the way we pay. Combined, these effects are amplified, creating a powerful force on the payments landscape.
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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
PYMNTS
MAY 10, 2018
After nearly three years, the transition to EMV in the United States still has its challenges. In an interview with PYMNTS, National Business Systems VP David Riley noted a lack of awareness in the field for smaller firms across several verticals. The executive stated that the simple cash register — and what that hardware can do, and how — has undergone a series of transformations over the last few decades, reaching the point where EMV protection and integrated payments are both affordable and e
Payments Dive
MAY 10, 2018
Five themes are driving change in payments today. Individually they have a significant impact on the way we pay. Combined, these effects are amplified, creating a powerful force on the payments landscape.
PYMNTS
MAY 10, 2018
Capital is the lifeblood of economies, and of the companies (and yes, of course, individuals) that collectively make things and provide services … and in the age of FinTech, the capital comes digitally and across innovative channels. The initiatives are far-flung and varied, but each is marked by a common thread of serving small business needs as both the lenders and the borrowers seek growth.
Payments Dive
MAY 10, 2018
Fortumo's latest white paper looks at how digital service companies can work together with cable & satellite TV providers on bundling their services. The goal of such partnerships is to achieve user and revenue growth while creating loyalty among customers of both companies.
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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.
PYMNTS
MAY 10, 2018
To reduce markdowns and break out of a lull in sales, H&M is turning to artificial intelligence (AI) and Big Data to tailor its merchandising mix in its brick-and-mortar stores. The fashion retailer is using algorithms to gain insights from returns, receipts and data from loyalty cards to improve its bottom lines, according to news source Retail Dive reports.
Bobsguide
MAY 10, 2018
In today’s realm of hyper-connectivity, making purchases has never been easier. In the UK, consumers have a huge number of options to choose from, whether that be one-click, contactless, mobile, voice and more – all of which are designed to help streamline the path to purchase, making it.
PYMNTS
MAY 10, 2018
Two marquee names — one in tech and the other in finance — and a card between them. News came Thursday (May 10) that Apple and Goldman Sachs Group are in the midst of bringing a joint credit card to market. In terms of details, noted The Wall Street Journal , the card would be issued under the Apple Pay designation and may come to market early next year.
Payments Source
MAY 10, 2018
Across the globe, many different populations have distinct reasons for being unbanked. To reach these audiences, mainstream financial companies are discovering approaches that wouldn't be possible in the U.S.
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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
MAY 10, 2018
PayPal has released new data regarding the volume of financing placed with small business borrowers via the PayPal Working Capital solution. Reports in IBS Intelligence on Wednesday (May 9) said PayPal Working Capital has provided U.K. small businesses with more than $847 million, up from $542 million last June. Launched in 2014, PayPal Working Capital has provided $5 billion in small business loans around the world, the company noted.
Payments Source
MAY 10, 2018
Welcoming automation into our industry with less friction and fear happens when we understand its overwhelming benefit to our futures and the quality of our work, writes Lauren Ruef, a research analyst for Nvoicepay.
PYMNTS
MAY 10, 2018
Mobile payment capabilities are on the forefront of retail executives and tech staff. In a survey by Zynstra , some 65 percent of retailers said they pegged mobile payments as their top priority for in-store technology, Chain Store Age reported. From apparel stores to stadiums , retailers are adopting mobile point of sale (mPOS) systems. And the resulting increase in sales can be impressive: During the first 11 days of the new mPOS initiative, Lilly Pulitzer ’s In the Pink stores reported a 24.5
Payments Source
MAY 10, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Mastercard and Microsoft collaborate on urban technology; Google Pay expands travel payments; Blockchain cross-border grows in South Korea; Flipkart's founders have a past at Amazon.
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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.
PYMNTS
MAY 10, 2018
Americans spend $400 billion on apparel and accessories annually. That may be a lot of cash, but it’s actually less than they have spent in a long time. This lower figure, plus the drive to digitize the market, is making the clothing industry increasingly competitive, with retailers clamoring to attract and maintain shoppers’ loyalty. For many of these retailers, boosting bottom lines means creating unique and memorable shopping experiences for their customers — especially for younger customers.
Bobsguide
MAY 10, 2018
The deluge of regulations to have hit financial markets since the banking crisis have without doubt completely reshaped the industry. As well as the burdensome nature of reporting obligations as regulators have attempted to create more transparent markets, capital requirements have fundamentally.
PYMNTS
MAY 10, 2018
After much speculation – and a fair amount of “will they, won’t they” – it looks like the deal is done: Walmart will be the majority owner of Indian eCommerce up-and-comer Flipkart, with a 77 percent stake. All it will cost them is a cool $16 billion. The news broke early Wednesday – possibly a bit earlier than either company would have preferred, as SoftBank CEO Masayoshi Son accidentally let the cat out of the bag during his firm’s earnings presentation.
Payments Source
MAY 10, 2018
The irony of the explosive growth of mobile P2P is this: As consumers get more comfortable with paying one another through mobile devices, they're thinking of P2P less as a service that one should find within a bank's app.
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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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