Bank Innovation
FEBRUARY 28, 2018
EXCLUSIVE – Everything in banking is changing: fintechs are solidifying their place in the financial ecosystem, as challenger banks, online lenders, and blockchain technology providers become essential functions to keep the industry moving forward. As the innovations of these startups seems set to continue, 2017 seemed to mark the year that banks set themselves with.Read More.
Chris Skinner
FEBRUARY 28, 2018
I just hosted a couple of conferences in Africa and you cannot attend a conference in Africa without financial inclusion, mobile wallets and microfinance coming up. It’s always on the agenda and top of mind, because most Africans have been excluded from financial services to date. In particular, focusing upon … The post Unleashing $3.7 trillion of producitivty through a mobile phone appeared first on Chris Skinner's blog.
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Bank Innovation
FEBRUARY 28, 2018
EXCLUSIVE–Is Square quietly building the P2P app that will take Venmo’s crown? With seven million active monthly users in December 2017, according to its fourth quarter earnings yesterday, the company’s Square Cash app—launched in 2013—is more popular than one might have thought; In any case, Square has not previously released usage numbers for the mobile.Read More.
Chris Skinner
FEBRUARY 28, 2018
I was talking the other day to a colleague about the phenomenon in Asia, India, Africa and South America taking place with mobile payments and the lack of take-up in the USA. Why is this, I wondered? Then got my answer, although it isn’t a singular factor but a combination … The post Apple Pray: why has Apple Pay failed? appeared first on Chris Skinner's blog.
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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
FEBRUARY 28, 2018
Payments provider Mastercard will launch a Masterpass QR ‘bot on Facebook Messenger, to allow small businesses to accept QR-based payments, the company announced today. The company will pilot the ‘bot in Nigeria, partnering with Ecobank an Zenith Bank in the country, it announced. The bot, which will join an expanding ecosystem of chatbots and automated.Read More.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
FEBRUARY 28, 2018
EXCLUSIVE — Ian Putter, head of unified finance development and innovation at Standard Bank, Africa’s largest bank, has joined the speaker roster for Bank Innovation 2018, which will take place March 5 to 6 in San Francisco. Ian Putter is currently running a number of key finance projects for the Group Finance function. Putter, who.Read More.
Payments Dive
FEBRUARY 28, 2018
Merchant acquirers are operating in a complex marketplace. A constant evolution in the way customers pay is placing demands on acquirers to support new channels and payment modes.
Bank Innovation
FEBRUARY 28, 2018
Payments company PayPal has reached a settlement with the Federal Trade Commission (FTC) on claims that its social payments platform Venmo failed to disclose information to costumers on security and privacy issues. According to the FTC, Venmo not only misled users on the speed of the transfer of funds, but also on the availability of.Read More.
PYMNTS
FEBRUARY 28, 2018
DICK’S Sporting Goods — one of the United States’ major gun retailers — has decided it no longer wants to be in the business of selling assault-style weapons like the one used in the Parkland, Florida, high school shooting. While the retailer is limiting its stock, DICK’S has also decided it will no longer sell high-capacity magazines that allow shooters to fire more rounds than a traditional weapon would without having to stop and reload.
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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
Bobsguide
FEBRUARY 28, 2018
This year, two new pieces of legislation will come into force that will transform data management within UK banks. The first, the Payment Services Directive (PSD2), sets out to create a new era of openness; requiring banks to allow Third Party Providers (TPPs) direct access to customer payment.
PYMNTS
FEBRUARY 28, 2018
Reports out this morning indicated that a whistleblower inside Denmark’s biggest bank warned the institution that its Estonian branch was being used by members of the Putin family as a front for money laundering. That warning was reportedly in 2013. A leaked report allegedly indicated that the leadership at Danske Bank knew “of far more serious conditions than previously stated.
Bobsguide
FEBRUARY 28, 2018
bobsguide takes a look at the plethora of geopolitical, regulatory, customer, operational and market risk challenges facing asset managers in 2018. Whether it is a large and cumbersome regulatory environment (e.g. MiFID II, the General Data Protection Regulation (GDPR) and the Common Reporting.
PYMNTS
FEBRUARY 28, 2018
Taiwan’s central bank is looking into implementing blockchain technology in order to improve its operations. According to news from Finance Magnates , Yang Chin-long, the new governor of the bank, spoke about utilizing new technology — including artificial intelligence, Big Data and blockchain — in the country’s banking system during his inauguration ceremony.
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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.
Payments Source
FEBRUARY 28, 2018
“Liquid” is the best descriptor for this shift because it illustrates the continuum of pay-with-points options, writes Barry Kirk, vice president of customer loyalty for Maritz Motivation Solutions.
PYMNTS
FEBRUARY 28, 2018
What makes a consumer loyal? There really is no magic formula, and brands are spending serious money on strategies before truly answering this question. Rewards programs are one big category attracting a lot of attention and dollars, yet they don’t always deliver a payoff. Rewards and loyalty often get merged, but they’re not the same thing, said Stephen Goodrich, CEO of ZipLine.
Payments Source
FEBRUARY 28, 2018
The rise of online and mobile commerce is forcing merchants to rapidly re-engineer their checkout options, while keeping an eye on emerging models that leverage artificial intelligence to streamline shopping — or bypass the store checkout process altogether, like Amazon Go.
PYMNTS
FEBRUARY 28, 2018
Mastercard and MegaFon have introduced two joint initiatives that will allow subscribers to link their mobile phone accounts to Apple Pay or Samsung Pay through the creation of a virtual Mastercard card. The partnership, which was announced at Mobile World Congress 2018 in Barcelona, will enable MegaFon’s subscribers to pay for purchases with their smartphones by linking their mobile accounts to Apple Pay or Samsung Pay through a virtual Mastercard card, tokenizing it via the Mastercard platform
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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.
NCR
FEBRUARY 28, 2018
While the US market has been at the forefront of many innovations in banking and payments technology over the years, one area in which it has been conspicuously behind the curve in recent times has been the adoption of effective real-time payments solutions. More than 20 nations already have access to this technology , and some of these have enjoyed it for some time – the UK’s Faster Payments system was launched back in 2008, for example.
PYMNTS
FEBRUARY 28, 2018
Following a massive hack last month, Coincheck is reportedly facing more legal pressure from investors seeking the return of their digital assets. Sankei , a Japanese media outlet, stated an additional 132 investors have joined a class action suit, according to news from Coindesk. Investors who joined the suit, which was filed in Tokyo District Court on Feb. 27, are seeking about $2.1 million in cryptocurrency.
Payments Source
FEBRUARY 28, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Walmart starts a new delivery service; Pinterest hires former Square data expert; Visa expands wearable payments; Mastercard works on in-car payments.
PYMNTS
FEBRUARY 28, 2018
Square posted results that topped the Street amid a diversifying model that saw traction not just in gross payment volumes with its traditional enterprise point of sale business and Square Capital , but in consumer-focused initiatives as well, including its Cash App. The headline numbers were thus: Adjusted earnings per share for the quarter came in at eight cents per share, a penny better than the Street.
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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.
Payments Source
FEBRUARY 28, 2018
As Congress considers new rules for digital currencies, lawmakers should consider putting responsibility in the hands of the Treasury Department, given its role in handling traditional currency.
PYMNTS
FEBRUARY 28, 2018
The National Football League (NFL) and pizza quick service restaurant (QSR) Papa John’s made news when they agreed to end their sponsorship agreement, but Pizza Hut has since signed up to be the league’s official pizza sponsor — and it’s reportedly paying more for it than Paper John’s did, according to the Washington Post. Through the agreement, Pizza Hut gains use of all 32 NFL team trademarks.
Payments Source
FEBRUARY 28, 2018
Square burst on the payments scene nine years ago with a card reader that allowed small merchants to accept plastic card payments through their mobile devices. Its Square Cash app received considerably less fanfare — until now.
PYMNTS
FEBRUARY 28, 2018
Consumers are increasingly comfortable chatting with their robot friends. A quick glance at the PYMNTS/Visa How We Will Pay survey indicated that a growing segment of consumers are already pursuing connected commerce experiences through a variety of devices and interfaces and are highly enthusiastic about doing so more frequently as the technology advances.
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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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