Chris Skinner
FEBRUARY 10, 2020
I recently spotted a great write-up on Open Banking by Alex Johnson, who has kindly agreed I can republish it. So, here we go … The Stories We Tell Ourselves About Open Banking Distinguishing between what’s true and what we want to be true. Alex Johnson Source: FicoFinTech The trouble … The post The Stories We Tell Ourselves About Open Banking appeared first on Chris Skinner's blog.
Bank Innovation
FEBRUARY 10, 2020
Capital One is determined to turn its digital assistant Eno into an affable, personal finance watchdog to build loyalty between the brand and customers. Three years after Eno’s launch, the bank is adding capabilities that go beyond simple balance inquiries to proactive insights on customers’ spending behaviors. Eno, “One” spelled backwards, began as an SMS […].
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Chris Skinner
FEBRUARY 10, 2020
Things we’re reading today include … Australia plans new bank stress tests to assess climate change impact 2 in 5 would consider digital banks but only once they are ‘popular and successful’ Starling Bank raises £60m from existing investors Deutsche Bank’s revamp plans win support Ex-Virgin Money chief joins cultural … The post Things worth reading: 11th February 2020 appeared first on Chris Skinner's blog.
Bank Innovation
FEBRUARY 10, 2020
As banks continue to explore best practices around handling customer data, insight from core technology provider Fiserv suggests open banking can help banks compete with fintechs and large incumbents alike. “By using open banking to share that data with other entities, [banks] can co-innovate with fintechs, develop value-added services on top of their solutions, differentiate […].
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.
Accenture
FEBRUARY 10, 2020
Unless you are Nostradamus, being a prognosticator is tough business. Consultants are often accused of over-hyping the short term and underestimating the long term. With this blog, I have attempted to strike the balance between long-term trends and short-term, actionable insights. With the start of the new year, I thought it would be a good time to….
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
FEBRUARY 10, 2020
Fiat Chrysler , in partnership with Chinese-based AutoX , wants to launch robo-taxis in China later this year, according to an announcement. The automobile maker, one of the “Big Three” in Detroit, has been casting a wide net for autonomous vehicle tech, and wants to keep pace with rivals in Detroit. Hong Kong’s AutoX said it plans to integrate self-driving vehicle tech into a fleet of Chrysler Pacifica minivans — the same vehicle that Waymo , Alphabet’s subsidiary known
Bank Innovation
FEBRUARY 10, 2020
As the number of challenger banks increases, so do the number of options and access to financial services for their customers. Princeton, N.J.–based Edison Partners supports high-growth companies with $8 million to $30 million in revenue and its portfolio includes alternative investment platform YieldStreet and prominent challenger bank MoneyLion.?
PYMNTS
FEBRUARY 10, 2020
Biometric digital identity verification solutions are becoming more and more commonplace thanks to their implementation in everyday devices like smartphones and fitness wearables. Approximately 800 million facial recognition-equipped mobile devices are expected to be in circulation by 2024, in fact, with an additional 4.6 billion smartphones equipped with fingerprint recognition in the same timeframe.
Accenture
FEBRUARY 10, 2020
US commercial card spend grew an estimated 13 percent in 2019 and strong growth is expected to continue through 2024. Long-standing and emerging commercial card providers are developing innovative strategies to move more spend to card-based products, and broader B2B payment trends are anticipated to both blur the lines and buoy growth. U.S. Commercial Card….
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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
PYMNTS
FEBRUARY 10, 2020
PSCU has appointed Denise Stevens as senior vice president and chief product officer, while Scott Young will head the product delivery leadership team as vice president of innovation, PSCU announced today (Feb. 10). Stevens will oversee product delivery and management, as well as its innovation teams. She will also manage the PSCU’s strategic partnerships, and its Enterprise Project Management Office.
South State Correspondent
FEBRUARY 10, 2020
EXTREME ALCO We are working with numerous community bankers to develop strategies for instituting floors on commercial loans.
PYMNTS
FEBRUARY 10, 2020
London FinTech startup DAG Global is going after the first merchant bank license in the U.K. that serves cryptocurrency businesses, multiple reports indicated on Monday (Feb. 10). Businesses managing cryptocurrencies have had a tough time maintaining relationships with legacy banks because of the perception that bitcoin-type transactions are connected to criminal behavior.
Matt Wilcox Pro
FEBRUARY 10, 2020
Now and then a product comes along that, seemingly overnight, proves indispensable, even though we had seemed to manage quite well without it before. The automobile comes to mind. So does Egg McMuffin. And, for a while, fidget spinners. But at least people could readily grasp what automobiles, McMuffins, and fidget spinners were good for. This year [.
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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
FEBRUARY 10, 2020
This is easy. Hire a data scientist. Or reassign the ones you have. Give said scientist(s) a budget to lease a Tensor Flo server with Google and start parsing transaction data. Use data to build an algorithm. Start creating more customer data to feed the algorithm and then you too can join the artificial intelligence (AI) retail revolution. Not so fast.
Ron Shevelin
FEBRUARY 10, 2020
Checking accounts have become paycheck motels--and they're on their way to extinction.
PYMNTS
FEBRUARY 10, 2020
In some ways, the dawn of 2020 is a golden time for female entrepreneurs — in that there are more female-founded firms than ever before. In fact, women are founding new firms at 1.5 times the rate of their male counterparts. However, while women may be founding more businesses in the second decade of the 21st century than ever before, they are still collecting merely a fraction of the funding, Visa ’s Senior Vice President and Head of North American Marketing Mary Ann Reilly told Karen Webster.
Payments Source
FEBRUARY 10, 2020
The rise in food delivery options is affecting restaurants of all kinds. It's a trend driven by consumers' strong appetite for mobile ordering and payments.
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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
FEBRUARY 10, 2020
The rise of eCommerce is an inexorable one, with real-world ripple effects that extend all the way to feet and wheels on the street — and, by extension, burgeoning payrolls. To that end, hiring within the logistics sector has gained ground, even beyond the holiday season. This has given rise to the structural shift in the job market, as Amazon and other firms strive to meet the growing demands of one-day and even same-day delivery.
Payments Source
FEBRUARY 10, 2020
Whether it’s an online sale or a corporate supply chain, the need to silently transfer and convert currencies is inspiring a mix of rapid product development and investment.
PYMNTS
FEBRUARY 10, 2020
Digital payments FinTech startup Sezzle announced on Monday (Feb. 10) that it topped 1 million active customers. . Founded in 2016 and headquartered in Minneapolis, Sezzle’s buy now, pay later (BNPL) payments platform is in the U.S. and Canada and is quickly growing. Three years after launching, the startup hit the half-million customer mark in August 2019.
Bobsguide
FEBRUARY 10, 2020
Invisible liquidity is unmanageable liquidity. This inconvenient truth remains as valid today as it has ever since the discipline of liquidity management first emerged. Furthermore, while it may be widely-acknowledged, it certainly isn't widely-resolved. The number of global multinationals who.
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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.
PYMNTS
FEBRUARY 10, 2020
Visual search and in-store kiosks are coming more into focus, with the category powering consumer adoption and shopping at a pace that has led executives to dub the business “ visual commerce.” Target, in one case, has incorporated Pinterest ’s visual search tool for a few years. And Slyce is also placing a bet on in-store visual search kiosks with its “Parts Finder” product.
Payments Source
FEBRUARY 10, 2020
Financial institutions and payment companies are embracing the cloud, but are not getting the desired results, contends Unisys' Maria Allen.
PYMNTS
FEBRUARY 10, 2020
Aluminum foil is not a new product by any stretch of the imagination. Its precursor — tin foil — was used for cooking, starting in the early 1800s. In 1910, the world of foil enjoyed its most important historical innovation: The Swiss figured out how to make it out of aluminum instead of tin. However, it wasn’t until the post-WWII era that aluminum foil began to shine.
Banking Exchange
FEBRUARY 10, 2020
The multi-million dollar package trails the most recent awards to Morgan Stanley’s James Gorman and JP Morgan’s Jamie Dimon Management Feature Feature3 People Performance Human Resources Financial Trends.
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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.
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