Chris Skinner
JANUARY 27, 2020
You’ve probably heard all you need to hear about Davos by now, so I won’t bore you with it much further … except for this. Much of the dialogue for the past year has been about climate change or climate emergency or climate action or whatever you want to call … The post Fed up with talk of a climate emergency? appeared first on Chris Skinner's blog.
Bank Innovation
JANUARY 27, 2020
CSI, a leading provider of fintech solutions, recently polled banking executives from around the country, representing 227 financial institutions from across the asset-size spectrum to uncover their top strategies for the coming year. The data from this survey was then collected and used to create an executive report to help bankers get a pulse on […].
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Chris Skinner
JANUARY 27, 2020
Things we’re reading today include … N26 gaining deposits from US titans like Chase and Citibank UK banks approve highest number of mortgages since 2015 Author calls for Brexit coin ‘boycott’ over lack of Oxford comma £30bn pension fund: we’ll sack asset managers that ignore climate crisis New York surges … The post Things worth reading: 28th January 2020 appeared first on Chris Skinner's blog.
Bank Innovation
JANUARY 27, 2020
Berlin-based digital banking startup N26 has 250,000 U.S. customers, the company confirmed to Bank Innovation on Monday. The company, which launched in the U.S. in August 2019, has 5 million customers globally. “What’s made us successful is that we’ve had a number of years globally to figure out what design, usability and overall customer approach […].
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
PYMNTS
JANUARY 27, 2020
Retail keeps embracing numerous new technologies, and biometrics is not only one of them, but an area of recent growth and development, including via some of the biggest names in commerce. Take Amazon, which continues to expand its brick-and-mortar retail footprint, and the technology underlying those stores. The company is apparently making a bet that the future of retail, and retail payments, will involve consumers’ hands.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
JANUARY 27, 2020
Kobe Bryant , who died Sunday (Jan. 26), was a well-known businessman and leaves behind a strong legacy of savvy investing and mentoring, according to a report by CNN Business. He was 41 at the time of his death. “For 20 seasons, Kobe showed us what is possible when remarkable talent blends with an absolute devotion to winning,” NBA Commissioner Adam Silver said in a statement Sunday. “… He was generous with the wisdom he acquired and saw it as his mission to share with future generations
Bank Innovation
JANUARY 27, 2020
For Brice Luetkemeyer, president and CEO of Bank of St. Elizabeth, a Missouri-based community bank with $150 million in assets, investing in a core banking startup is critical for its future. Together with a group of other community banks, Bank of St. Elizabeth recently invested in Neocova, a St. Louis-based core banking startup that targets […].
PYMNTS
JANUARY 27, 2020
Businesses have good reason to be concerned about data breaches. Fraudsters’ attempts to access systems and steal valuable information are becoming more innovative, and research suggests they are also increasingly successful. Cybercriminals’ accomplishments come at the expense of targeted businesses, with a recent study finding that individual data breaches cost firms around the globe an average of $3.92 million in 2019 — a 1.5 percent increase from 2018.
Abrigo
JANUARY 27, 2020
Key Takeaways Make sure your credit union is filing SARs and CTRs properly. Thoughtfully consider whether or not your CU can safely and properly serve hemp-related businesses. Strengthen credit risk by improving your credit union's loan underwriting standards. Be proactive in cybersecurity controls and implement best practices. . The new year often brings a time of reflection and goal setting.
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
JANUARY 27, 2020
Here’s a truth about human beings: We’ll collect — and resell and profit from — just about anything. And the latest big trend in collectibles combines what amounts to a hat-tip to essentially ancient digital culture with up-to-date eCommerce. It seems that old-fashioned video games are that hot new item, assuming they are in pristine condition and come in factory packaging, according to a new report in The New York Times.
Abrigo
JANUARY 27, 2020
Key Takeaways Formerly BAM+ User Group (BUG), ThinkBIG: Fighting Financial Crime has been around for 16 years. Earn approximately 10 CE credits in two-and-a-half days. Get insight on the latest product roadmaps and test out upcoming product releases before they go live. A quick search for BSA/AML conferences returns thousands of results – 128,000 to be exact.
PYMNTS
JANUARY 27, 2020
Less than 20 years ago, freelancers were still a workforce oddity. They came and went kind of invisibly, taking on overflow work from full-time staffers, floating between different companies and assignments. Even taxi driving was a full-time profession, back when freelancers were rare. Skip ahead to the present-day gig economy , chiefly a byproduct of the Great Recession, when firms shed workers in the millions and whole industries contracted or vanished.
Ron Shevelin
JANUARY 27, 2020
The “next generation” of banking customers isn’t based on age—it’s about need. Who will have new and different banking needs that the industry will have to design and redesign products and services for?
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
JANUARY 27, 2020
The new year has not been kind to retail stores around the country, as the trend of accelerating store closings continues, according to a report by Yahoo! Finance. Macy’s, JCPenney, Papyrus, Express and Pier 1 Imports, among other retailers, have reported 1,218 closings this year already, according to data from global marketing research firm Coresight Research.
Payments Source
JANUARY 27, 2020
Rellevate, a startup founded by former Western Union executive Stewart Stockdale, is forming a digital bank designed for people who make $10 to $25 per hour and live paycheck to paycheck.
PYMNTS
JANUARY 27, 2020
Commerce Bank will strive to provide timely and convenient payments with its new partnership with Progressive Insurance in what they tout as a “truly strategic combination.” According to an emailed press release, the new program will be called CommercePayments PreferPay. It will focus on providing customers, claimants and service providers with numerous options on how to pay, including ACH, check, or direct-to-debit card via Visa Direct.
Bobsguide
JANUARY 27, 2020
As is traditional this time of year, our good intentions of new year resolutions fade to what we might expect to be dominant themes in 2020, and it has to be said that if certain plans are not yet well advanced you might want to get to it. Libor. In 2018 I wrote about the impending move away.
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
JANUARY 27, 2020
In the paycheck-to-paycheck economy, estimates vary slightly. Some analysts have reported that roughly 65 percent of all U.S. workers now live paycheck to paycheck, and a large fraction of those workers struggle to pay their bills. A PYMNTS study, done in collaboration with Mastercard, found that nearly 30 percent of gig workers — currently more than one-third of the U.S. workforce — live paycheck to paycheck, and have no savings to cover unforeseen expenses in the event of an emergency.
Bobsguide
JANUARY 27, 2020
When companies make the decision to turn to technology to optimise their financial setup, they tend to come with a long catalog of questions. But while RfP-style requirement lists do have their merit, there are other, more targeted ways to ensure you get exactly what you need and when you need it.
PYMNTS
JANUARY 27, 2020
The ex-wife of Amazon Founder and CEO Jeff Bezos, MacKenzie Bezos, has sold $400 million of her stake in Amazon, according to a report by CNBC. The move was reported on Friday (Jan. 24). The sale was filed under her husband’s name, as he owns sole voting control of her stake. MacKenzie’s stake is now 19.5 million shares, about 200,000 less than the 19.7 she got through the divorce.
Payments Source
JANUARY 27, 2020
Until the gender gap of the technology, banking and payment industries change, innovation will continue to be impacted, says Itemize's Samantha Fisher.
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.
PYMNTS
JANUARY 27, 2020
The Business Email Compromise (BEC) continues to evolve. Fraudsters are adding new twists to what has become an increasingly common scam targeting businesses’ B2B payments activity. New analysis from Bank Info Security , for instance, revealed that BEC scammers have begun to target corporates’ financial documents from accounts receivable departments to identify unpaid invoices, as well as information regarding Days Sales Outstanding and clients.
Bobsguide
JANUARY 27, 2020
Facing a slew of industry complications, asset managers today are increasingly investing in tech to alleviate pain points – but comprehensive tech solutions are needed to ease complexity. In 2014, PwC reported that 2020 would see the asset management industry, known for occupying a.
PYMNTS
JANUARY 27, 2020
It’s been quite a ride for Domino ’s over the last decade or so. The pizza chain has transformed itself from a spot for late-night food requests from dorm-room residents — to a leader in mobile and digital technologies, and a blazer of its own path in the quick-service restaurant (QSR) world. And that story, freshly documented by new PYMNTS research, offers lessons for the industry at large as this new decade gets underway.
PopularBank
JANUARY 27, 2020
DFS Awards 1620 Pitkin Avenue Branch $10 Million in Subsidized Deposits to Deliver Financial Education and Access to Financial Services within Ocean Hill-Brownsville Community. New York, NY – January 27, 2020 – Popular Bank, a subsidiary of Popular, Inc. (Nasdaq: BPOP) announced today that it has received the Banking Development District (BDD) designation from the New York State Department of Financial Services (DFS) for Popular Bank’s 1620 Pitkin Avenue Branch.
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.
Expert insights. Personalized for you.
355 
Let's personalize your content