Chris Skinner
MARCH 26, 2018
I’ve been flying around a bit and was lucky enough to find myself onstage the other day, chairing the Ant Financial Technology Forum at Money20/20 Singapore. I was honoured to accept to be the moderator of the afternoon and guess I was chosen because Alipay and Ant Financial are a … The post Ant Financial’s Strategy for AI, Blockchain, Cybersecurity and more appeared first on Chris Skinner's blog.
Bank Innovation
MARCH 26, 2018
Spain’s Banco Santander is looking to launch an international money transfer app utilizing Ripple’s distributed ledger technology. The bank is exploring cross-border payments via blockchain, Business Insider reported, citing comments made by the CEO of its UK-based banking unit, Nathan Bostock. “This spring, if not one beats us to it, we will be the first.Read More.
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Chris Skinner
MARCH 26, 2018
Things we’re reading today include … Credit card debt growth at 12-year high Europe’s costly financial shake-up may yet benefit a post-Brexit UK Billion euro cyber-suspect arrested in Spain Senior banker quits Queen’s lender Coutts after harassment complaints London should team up with Zurich in push for open European markets, … The post Things worth reading: 27th March 2018 appeared first on Chris Skinner's blog.
Bank Innovation
MARCH 26, 2018
Asset management firm Schroders unveiled Cobalt, its version of an accelerator program for fintech startups. Graham Kellen, chief digital officer at Schroders said in an announcement today: By collaborating with ground-breaking tech start-ups we can tackle legacy technology issues with problem-solving innovation for the benefit of our clients and our own productivity.
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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
Payments Dive
MARCH 26, 2018
- Actionable insights for proactive fraud management lower bank’s exposure to UPI related fraud - Sophisticated machine-learning logic enables banks to dynamically adjust risk strategies in relation to fraud - Predictive risk-score safeguards end-customers against fraud whilst enabling banks to monetize risk insights
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
MARCH 26, 2018
A lack of access to capital. The red tape of regulation. The burden of administrative tasks. These are all common reasons why a small business owner may struggle to grow their company, and the latest analysis on the topic certainly points to these factors as having an impact on SMB growth across the world. But the most recent research suggests entrepreneurs are also clear about what is helping them grow, and what they are looking for in terms of technology, professional support and beyond.
Bank Innovation
MARCH 26, 2018
American Express has acquired Cake Technologies, a U.K.-based mobile payment technologies provider, for $13.3 million. The deal, which was never publicly announced, was officially completed last October, TechCrunch reported today. Cake will allow payments provider Amex to expand its payment options to cardholders. American Express told TechCrunch in a statement today: Last year, American Express acquired.Read More.
Payments Source
MARCH 26, 2018
Microchip implants could be considered the ultimate form of mobile payment — skipping the smartphone altogether in favor of giving people bionic abilities. And a small segment of the population is already lining up to try it out.
Bank Innovation
MARCH 26, 2018
Cash is on its way out. Yes, we’re aware this notion has been part of the dialogue ever since the advent of digital payments. But how quickly will cash be replaced as its use is reduced? That’s unclear. Most people look at 2020 as year when there will be a significant shift. And then there’s.Read More.
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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
MARCH 26, 2018
Those shopping for a new car in Guangzhou, China, now have an interesting new option for the process. Instead of going to a car lot and talking to a salesmen, they will be able to use a smartphone app and a “car vending machine” that Alibaba and Ford are jointly piloting as part of an agreement that the firms inked two years ago. The machine is called the Super Test-Drive Center, and it is a one-stop shopping location for dozens of Ford vehicles stored in a multi-story glass building.
Bank Innovation
MARCH 26, 2018
EXCLUSIVE— Citibank is preparing the rollout of its new digital strategy, beginning with upgrades to the bank’s iPhone mobile app, due in the coming few weeks, the bank announced today. (It's difficult to be precise about when iOS apps will appear in the app store, due to Apple's app review process, which can confound even.Read More.
PYMNTS
MARCH 26, 2018
In the days following HelloFresh’s acquisition of the organic and vegan food delivery company Green Chef, other health-based meal kit delivery services are finding hope that there’s a strong market for their offerings — as well as plenty of room for them to find their niche. At least, that’s what Terra’s Kitchen CEO Mike McDevitt has taken away from the news — along with a sense that the hot space which is meal kits may now be beginning to settle and mature.
Insights on Business
MARCH 26, 2018
At IBM Think, the premier business and technology conference, the main theme is “mankind + machine,” and during the Wednesday morning session with Ian Hurst and Sarah Diamond, IBM General Managers of Banking and Financial Markets, and Naresh Vyas, Royal Bank of Scotland Head of Solutions, that theme was on full display. A digital reinvention is underway in financial services, driven by the need for fraud prevention, personalized customer service, and the ability to keep pace with massive amounts
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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
MARCH 26, 2018
Amazon was just awarded a patent for a drone that will use recognition of human gestures and voice commands to deliver packages. The patent for “Human Interaction with Unmanned Aerial Vehicles” was filed with the United States Patent and Trademark Office on July 18, 2016. According to Chain Store Age , the drone might include propulsion technology that manages the drone’s speed and trajectory.
Payments Source
MARCH 26, 2018
With smaller screen sizes and increased levels of distractions ranging from a text or a notification, pitfalls in the checkout process can result in more abandoned carts than successful transactions, writes Andre Lyver, director of engineering for financial services at Shopify.
PYMNTS
MARCH 26, 2018
Keeping customers satisfied is hard work. With so many things to do to smooth a customer’s journey, it’s easy to forget the payment part — which is a mistake, because if money makes the world go ’round, payments are the power behind purchases. Payments done right can boost conversions and open a whole world of new doors. Payments done wrong can slam the doors shut just as fast.
Bobsguide
MARCH 26, 2018
The term ‘financial crimes’ often brings to mind issues such as fraud, lottery scams or credit card skimming, but today there are far-reaching crimes that many fail to consider. This includes money laundering, human and drug trafficking, the financing of terrorism, and the bribery of.
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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
MARCH 26, 2018
Amazon Lockers may be encouraging shoppers to make quick trips to Whole Foods stores. Research from inMarket showed that “micro” visits — or those between three and five minutes — increased 11 percent at locations that had the lockers compared to a 7 percent rise in stores without lockers since last August, Reuters reported. Amazon customers who stop at Whole Foods to retrieve a package might stay to purchase additional goods, such as a drink or promotional item.
FICO
MARCH 26, 2018
This is the first in a series of articles in which we tackle some of the most topical fraud issues and decisions facing fraud managers today. We kick off with the concept of contact-free. This is not a new issue, but certainly one which we’ve been hearing a lot more about from our global clients. What Is Contact-Free? The situation should be familiar.
PYMNTS
MARCH 26, 2018
B2B payments startup Candex announced $3.5 million in new funding late last week. A press release issued Friday (March 23) said Candex secured the funding from Edenred Capital Partners, Partech Ventures, Advisors.fund, Camp One Ventures, NFX, Tekton Ventures, Big Sur Ventures and angel investor Mark Goines. California-based Candex said it will use the investment to focus on expansion and to secure Fortune 500 corporate customers.
Payments Source
MARCH 26, 2018
Driven by big breaches like the Equifax incident, all stakeholders in card payments will have to demonstrate multi-factor authentication, writes Michael Magrath, director of global regulations and standards at VASCO.
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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
MARCH 26, 2018
SWIFT’s gpi initiative is broadening payment tracking capabilities, according to a press release from the payments messaging organization. An announcement Friday (March 23) said SWIFT is expanding its gpi Tracker solution to enable real-time tracking of all payment instructions across the network, regardless of geographic location. SWIFT rolled out the gpi Tracker solution last year as a solution to help treasurers track payments in real time with a focus on cross-border transactions.
FICO
MARCH 26, 2018
In recent months, many countries have rolled out real-time payments schemes. In the USA, The Clearing House launched their Faster Payments scheme in November 2017, the same month that the Eurozone got SEPC CT Inst – a cross-border, real-time payments scheme. In February 2018 Australia launched their New Payments Platform for use by consumers. These schemes represent a major change to the payments landscape for the countries involved.
PYMNTS
MARCH 26, 2018
The rise of RegTech is not by chance: There is an undeniable link between regulatory changes and technological innovation, and that link has a profound impact on FinTech and the financial services market. As the risk of noncompliance evolves and grows for corporates, many turn to technology to ensure adherence to complex regulatory demands. Europe is an epicenter for both regulatory shifts and FinTech innovation.
Payments Source
MARCH 26, 2018
Digital money transfer provider SimbaPay has added an artificial-intelligence-powered chatbot that will enable banks and other companies to offer international money transfer to customers across Africa and Europe through text messaging.
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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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