Chris Skinner
NOVEMBER 19, 2019
I just spent a few days in bars and restaurants in a place where everyone lives underground. It’s called Toronto. A place so cold that even Olaf from Frozen has migrated South. Anyways, sitting in a bar, I was privileged to hear this exchange between Fin and Tech. Fin: “So … The post Relationships are hard, so how do Fin and Tech get on? appeared first on Chris Skinner's blog.
Payments Dive
NOVEMBER 19, 2019
With technology, one plus one is often greater than two. AI and video technologies complement one another perfectly, and combining them can deliver tremendous value to any financial institution.
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Chris Skinner
NOVEMBER 19, 2019
Things we’re reading today include … Could Metro Bank go bust? Terabytes of data leaked from an oligarch-friendly offshore bank PayPal’s former finance chief says Bank of America closed his account with ‘absolutely no explanation’ Australia’s Westpac accused of 23 million money laundering breaches Lloyd’s of London takes to City … The post Things worth reading: 20th November 2019 appeared first on Chris Skinner's blog.
Payments Dive
NOVEMBER 19, 2019
As consumers shift to online banking, the ATM also has been impacted by the quest to go digital. Kamesh Tumsi, VP of product strategy at Fiserv card services, gives us the scoop on the digitizing of ATM transactions.
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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
NOVEMBER 19, 2019
Gulf Coast Bank and Trust, a New Orleans-based bank with $1.7 billion in assets, is using automation technology to speed up loan approval times. The bank is tapping cloud banking vendor nCino to automatically pull information from tax returns when underwriting commercial loans. According to Jason Shields, vice president and loan operations manager at Gulf […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
NOVEMBER 19, 2019
The United States Federal Emergency Management Agency (FEMA) has revealed that it might look into using blockchain technology to streamline disaster insurance payouts, as well as speed up its response to disasters. “The Administrator should create a pilot blockchain-based land/property registry with critical information needed to file an insurance or disaster assistance claim.
Bank Innovation
NOVEMBER 19, 2019
Billionaire Jack Ma’s Ant Financial Services Group said it may apply for a virtual banking license in Singapore, a move that would add a heavyweight contender to the race. “We are actively looking into this opportunity,“ Hangzhou, China-based Ant Financial said in an emailed response to questions from Bloomberg News. The Monetary Authority of Singapore […].
Abrigo
NOVEMBER 19, 2019
Key Takeaways The goal of the SAFE Banking Act is to provide a safe harbor for institutions looking to bank credible CRBs. The MORE Act and the STATES Act are currently proposed to legalize/decriminalize marijuana. The MORE Act will be voted on in Congress in November. . Many financial institutions across the country continue to resist providing traditional banking services to marijuana-related businesses (MRBs) due to the legislative gray area facing the industry.
Bank Innovation
NOVEMBER 19, 2019
The Clearing House‘s real-time payments network is quickly picking up new bank partners, with Wells Fargo and HSBC joining it to support business transactions this week. Both banks’ corporate and business clients can now send and receive real-time payments through the network. Steve Ledford, senior vice president of products and strategy at The Clearing House […].
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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
Abrigo
NOVEMBER 19, 2019
Key Takeaways The goal of the SAFE Banking Act is to provide a safe harbor for institutions looking to bank credible CRBs. The MORE Act and the STATES Act are currently proposed to legalize/decriminalize marijuana. The MORE Act will be voted on in Congress in November. . Many financial institutions across the country continue to resist providing traditional banking services to marijuana-related businesses (MRBs) due to the legislative gray area facing the industry.
Bank Innovation
NOVEMBER 19, 2019
As large tech and retail brands like Uber, Stash and Walmart roll out banking products, Green Dot is the bank partner, quietly operating in the background. To Green Dot, its platform business is a major growth driver, allowing partners to add banking as a form of transactional glue that engenders loyalty and continued customer acquisition. […].
PYMNTS
NOVEMBER 19, 2019
As its website has been hacked with code that steals shoppers’ payment information, Macy’s announced it has experienced a data breach. The website was compromised in early October, and a malicious script was added to the My Wallet and Checkout pages, Bleeping Computer reported. If payment information was sent through those pages at the time they were compromised, according to the outlet, customer information and credit card data was sent to a remote site under control of the attacker.
BankBazaar
NOVEMBER 19, 2019
Here is your Personal Loan interest rate guide to make sure you get the right loan that fits your needs. Read on. . It really doesn’t matter how prepared you are to face financial emergencies in life because there comes a time when you may need a little cash to come out of a financial crunch. During those times, you may or may not always have a friend or relative to help you out, and that’s when a Personal Loan really comes in handy.
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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
NOVEMBER 19, 2019
Payments is in a state of constant change, with decision points shifting as fast as each innovation, disruption and tweak in consumer behavior. Among the biggest debates is how to construct and operate the best card program possible – a decision that served as the foundation for a new PYMNTS interview with Jim Geeslin, head of strategy for Elan Financial Services , an agent credit card issuer.
Payments Source
NOVEMBER 19, 2019
The complexity of solutions leaves a space for outside competitors to gain share, says Token's Todd Clyde.
PYMNTS
NOVEMBER 19, 2019
The CEO of Walmart , Doug McMillon, said that he understands how Walmart needs to constantly change to stay around and avoid dying off, according to CNBC. “Walmart is not arrogant,” McMillon said. “We could go away at any minute. I think most of us act that way every day. If you’re not willing to fail — and we are failing at some things — you’re going to go away.”.
Payments Source
NOVEMBER 19, 2019
PayPal Ventures is part of an investment group that has raised $4.2 million for cryptocurrency risk management platform TRM Labs.
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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
NOVEMBER 19, 2019
Mastercard has announced the expansion of its City Possible network to more than 40 members, including more cities in Brazil and one in New Zealand, according to a release. . “Cities around the world share similar issues — above all building strong local economies and prosperity for everyone, everywhere in their cities,” said Miguel Gamiño, executive vice president of enterprise partnerships and head of global cities at Mastercard.
Payments Source
NOVEMBER 19, 2019
U.K. weighs in on smart contracts; 7-Eleven adds voice ordering; and other information you need to start your day, from PaymentsSource and around the web.
PYMNTS
NOVEMBER 19, 2019
Commercial payments company WEX has announced a partnership with order-to-cash solution provider Billtrust in an effort to address accounts payable (AP) friction for its clients. In a press release on Tuesday (Nov. 19), Billtrust said WEX is joining its Business Payments Network (BPN). The partnership will allow WEX to connect its corporate customers to Billtrust’s B2B payments services, which addresses friction for both corporate payers and the suppliers accepting payments.
Payments Source
NOVEMBER 19, 2019
If the deployment of faster payments came with a guarantee to boost a financial institution's bottom line, more banks and businesses would likely invest in bringing their legacy systems into a new age.
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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
NOVEMBER 19, 2019
Chinese payments company Ant Financial has plans for the future — but going public isn’t one of them. “We don’t have any timetable for an IPO,” Douglas Feagin, president of the international business group at Ant Financial, told CNBC. His comments echo those of other company executives, including CEO Eric Jing. Feagin added that the company was “very much focused on growing our business, and, frankly, there’s not a lot holding us back.
ATM Marketplace
NOVEMBER 19, 2019
Blogger Rebecca Cicarelli, director of marketing and business at BranchServ, offers tips on how to ease branch staff into adapting to the latest ATM technology.
PYMNTS
NOVEMBER 19, 2019
Google announced today (Nov. 19) the launch of Stadia , a cloud-based service that allows users to stream their favorite video games. “Starting today, playing games on your TV in 4K without a console, streaming games to a Chrome browser on a simple laptop, or enjoying the biggest games ever made on your phone is a reality. It seems impossible until you experience it.
Payments Source
NOVEMBER 19, 2019
Alliance Data Systems Corp. planned on hiring Citi's Ralph Andretta as the top deputy to its new chief executive officer. Instead, it decided to name him as her replacement.
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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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