Bank Innovation
JUNE 23, 2017
As part of an overall digitization effort, BNP Paribas Group has allocated $3 billion to its tech research and development efforts this year. Its subsidiary, BNP Paribas Securities Services — a global custodian and securities services provider — received a third of that sum in order to explore emerging technologies, such as blockchain, AI, and […].
PYMNTS
JUNE 23, 2017
Girl Scouts will soon get the chance to earn their first ever cyber security badges. The Huffington Post reports that Girl Scouts can earn the first of 18 cyber security Girl Scout badges beginning in September 2018. The program will reach as many as 1.8 million Girl Scouts in kindergarten through sixth grade and is being developed in a partnership between the Girl Scouts and Palo Alto Networks, a security company.
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Bank Innovation
JUNE 23, 2017
We live in an incredible, and incredibly connected, world with nearly half the population now online – and there is no turning back. The estimated 8.4 billion connected devices through the internet of things combine with advances in artificial intelligence (AI) and other innovation to deliver personalized payments. For the millions of digital natives, practically […].
Payments Dive
JUNE 23, 2017
A Chicago neighborhood is one example of the many anomalies when it comes to the digital discussion and pushing mobile payments forward.
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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
JUNE 23, 2017
Mobile wallets may not have won over consumers (yet), but as anyone that’s recently visited a Starbucks could tell you, QR codes certainly have. That’s why Visa is taking a closer look at the payment method, according to Jim McCarthy, executive vice president, innovation and strategic partnerships. “The QR codes allow us to remove not […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
JUNE 23, 2017
INV Fintech, the sister accelerator to this site, announced its third cohort of startups today. The five companies were chosen from among a wide array of applications from across the globe. Here are the five companies of Class 3 of INV Fintech: CoverHero is an intelligent insurance roboadvisor that helps users manage, understand, and buy […].
PYMNTS
JUNE 23, 2017
Walmart made some news lately when it dipped its toe into the gig economy waters, asking employees to deliver packages ordered by customers who live along their commutes. Employees can opt into the program via a smartphone app to take home up to 10 deliveries a day and earn a little extra cash. The success of this quasi-gig delivery program depends on several key factors.
Bank Innovation
JUNE 23, 2017
Fintech. The cloud. Digital wallets. Blockchain. These are all buzzwords typical to the banking and payments space, but within the mobility landscape, they are only starting to gain traction. But that does not mean these terms are insignificant or that they aren’t actively playing a role in the transformation of mobility consumption or auto finance.
Abrigo
JUNE 23, 2017
The desire to avoid examiner scrutiny may tempt some financial institutions to set the bar high when it comes to credit and liquidity risk management policy limits, but regulators are discouraging this approach. Instead, the Federal Reserve said in a recent supervision news flash , boards should ensure that policy limits align with the institution’s true strategy and risk appetite – at both the board and management level.
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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
JUNE 23, 2017
More than $30 million in venture capital stuck around the U.K., the U.S. and Canada, mostly focusing on Series A investments. The U.K., though, is a particularly bright star this week, as more than 60 percent of that funding went to London startups. Preparations for corporate banking disruption and PSD2 are stirring the innovation pot, it seems. We break down all the B2B FinTech funding rounds below.
Let's Talk Payments
JUNE 23, 2017
The LTP team had the opportunity of interviewing Mr. Manavjeet Singh, the Founder and CEO of Rubique, which aims to become the largest marketplace for financial products for individuals and SMEs.
PYMNTS
JUNE 23, 2017
There are a few sexy cybercrime cases that pervade the public consciousness. They fill anxious minds with visions of hooded hackers reaching through glowing ones and zeroes to steal their data. Last month’s global ransomware attack WannaCry dominated real estate on every major tech website, including PYMNTS. But in the shadow of these attacks, a cyber pandemic is being overlooked.
Let's Talk Payments
JUNE 23, 2017
The phrase “omnichannel” is one that many banks and financial institutions are familiar with; though, to this point, many organizations have had a hard time making the transition from “buzzword”.
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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
JUNE 23, 2017
In the 1990’s, everyone talked about the Walmart effect on retail — the idea that the big box store was making every other kind of retail method obsolete. It was a well from which thousands of think pieces drew life. In the age of Amazon, people tend to forget about the terror that the Walmart effect instilled, notes Isaac Marcushamer, chief innovation partner and partner in the Business Reorganization practice group at Berger Singerman law firm.
BankNXT
JUNE 23, 2017
It's an interesting time to be a challenger bank, with mixed fortunes in an industry that's grown and matured. Devie Mohan believes consolidation is the key to future success. Consolidation of challenger banks may shape the future of the industry on BankNXT.
PYMNTS
JUNE 23, 2017
The mobile revolution has hit the dining industry, and from local haunts to multinational chains, restaurants are looking to offer increasingly mobile customers new ways to pick up a quick meal. The latest PYMNTS Mobile Order-Ahead Tracker™, powered by LevelUp , features news on restaurants around the space introducing new mobile order-ahead solutions designed to give customers new and improved ordering experiences.
Payments Source
JUNE 23, 2017
Amazon's $13.7 billion acquisition of Whole Foods will make it a force to be reckoned with in the grocery vertical, but its rivals have been preparing for this day for a long time. Here are some of the biggest competitive threats to Amazon's digital take on food sales.
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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
JUNE 23, 2017
Funding company Shopify Capital just released details from its Q1 2017 earnings call, which many are speculating will lead to a 25 percent return on investment (ROI). Following a recent $561 million equity funding round, and with $18.6 million in merchant cash advance (MCA) and $11 million in new cash advances as of April 2017, the company is likely in a solid spot.
Payments Source
JUNE 23, 2017
Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Square adds e-commerce tools; Europe moves to real time payments; Payment options expand for legal weed; Digital jumps in India.
PYMNTS
JUNE 23, 2017
Shopping malls and convenience stores are among the fastest growing brick-and-mortar retail buildings in China, according to news from the country’s Ministry of Commerce. To help learn more about consumer spending, the Chinese government has put together a way to gauge consumer spending in these commerce areas. Here are the numbers: 58 | Number of cities where mall index was developed and measured. 30 | Number of cities where convenience store index was developed and measured. 77.2 perce
BankNXT
JUNE 23, 2017
Some banks are waking up to open marketplace opportunities, seeing their future role as being curator to a thousand apps and APIs. Story by Chris Skinner. Build or buy, or build and die? on BankNXT.
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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
JUNE 23, 2017
People in the London, Leeds and Nottingham area of the U.K. will soon be “lovin’ it” from the comfort of their own home. With the various restaurant deliveries available in the area, including Just-Eat, Deliveroo and Amazon Prime Now, many restaurants have started bringing prepared meals to people’s doorsteps. While McDonald’s has been notoriously hard to pin down, UberEats has finally made a deal with the fast-food giant.
BankNXT
JUNE 23, 2017
Banks should remember that loyalty works best if it runs both ways, says Louise Beaumont, and should adapt to how millennials live. Millennials can do loyalty, and loyalty works best if it runs both ways on BankNXT.
PYMNTS
JUNE 23, 2017
Alternative lending platform Validus is deploying Visa virtual card technology to help small and medium-sized enterprises in Singapore with unpaid invoices access working capital, according to an announcement Thursday (June 22). Reports said Validus is using its securities crowdfunding platform and risk analysis technology to assess the creditworthiness of SME borrowers with unpaid invoices.
Payments Source
JUNE 23, 2017
PayKey enables bank customers to instantly transfer money through popular social media networks and messaging apps such as Facebook Messenger, WhatsApp and Twitter.
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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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