Chris Skinner
MAY 12, 2019
Watching the BBC, I often see reports on the elderly being ripped off, scammed and targeted by fraudsters. Here’s just a few recent ones: Hidden ‘shame’ of elderly scam victims – BBC News Reports of frauds on the elderly are ‘tip of iceberg’ – BBC News Bank staff ‘saving elderly … The post GrandTech: the newest FinTech market niche appeared first on Chris Skinner's blog.
PYMNTS
MAY 12, 2019
With Uber and Lyft now publicly traded companies, the two are facing pressure from investors to grow at a fast clip, which means hiring and retaining more drivers. According to a report in The Wall Street Journal , both Uber and Lyft , which saw their stocks fall after their initial public offerings, are placing recruiting and retaining drivers on top of their priorities list.
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Chris Skinner
MAY 12, 2019
Things we’re reading today include … MPs tell government to intervene if banks don’t do enough to halt branch closures Atom Bank seeks £50m after Brexit derails BBVA bid Holding Bankers to Account by Oonagh McDonald Exclusive: Turkey presses banks to agree high-stakes bailout of bad energy loans How Mifid … The post Things worth reading: 13th May 2019 appeared first on Chris Skinner's blog.
PYMNTS
MAY 12, 2019
WeWork is now worth $47 billion as it gears up to go public in what could be the largest IPO of this year. WeWork is heading to the public markets at the same time as the high-profile IPOs of Uber and Lyft had appeared to disappoint. Lyft is down double digits since its debut in late March and Uber ended its first trading session down more than 7 percent.
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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 Source
MAY 12, 2019
Traditional authentication practices are incapable of meeting the real-time demands, writes Frank Teruel, senior vice president and general manager of ThreatMetrix.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
MAY 12, 2019
As fintechs race to reinvent transit payments, Uber's laying the groundwork in Denver to make sure it takes a leading position.
PYMNTS
MAY 12, 2019
Redfin , the real estate company based in Seattle, is rolling out a new program that enables home buyers to bid on properties via its website. According to a report in The New York Times , Redfin started testing the program in Boston and is gearing up to expand it to other parts of the country. It’s trying to bring eCommerce to the real estate market with the service.
The Paypers
MAY 12, 2019
(The Paypers) HSBC has announced its Digital Accounts Receivables Tool (DART) that aims to improve the supply chain, cut down on manual tasks and enhance working capital efficiency for sellers.
PYMNTS
MAY 12, 2019
Michael Terpin, an entrepreneur based in the U.S. and an investor in cryptocurrency, won $75.8 million in a court judgment over a scheme to defraud him of digital tokens. According to a report in Reuters citing California Superior Court documents, Terpin won the civil judgment against Nicholas Truglia, who Terpin said was part of the scheme to steal digital tokens from him after gaining access to his mobile phone.
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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
The Paypers
MAY 12, 2019
(The Paypers) Small business and freelancer banking and accounting app provider, Countingup , has forged a partnership with fintech insurance solutions startup, Hokodo.
The Financial Brand
MAY 12, 2019
Surprising findings from J.D. Power point to ways mid-size financial institutions can capitalize on strengths versus the biggest banks. The post Bank Customers Happier Using Branch+Digital Than Digital Only appeared first on The Financial Brand.
The Paypers
MAY 12, 2019
(The Paypers) Open Banking platform Tink and NatWest have announced a new partnership agreement that will impact NatWest’s mobile banking.
The Financial Brand
MAY 12, 2019
Digital distractions and pressures on bank and credit union employees crush creativity at the very time it's needed most. Here's what to do. The post The Two Biggest Innovation Killers in Banking Today appeared first on The Financial Brand.
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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.
The Paypers
MAY 12, 2019
(The Paypers) ClearBank has gained SettleGo , an international e-money institution, as a customer for its banking-as-a-service offering.
The Financial Brand
MAY 12, 2019
Being willfully blind to consumer needs and competitive forces will lead to sub-optimal decisions that may threaten banking organizations. The post Banking Leaders Continue To Be Willfully Blind appeared first on The Financial Brand.
PYMNTS
MAY 12, 2019
BAIC Group , the Chinese automotive company, wants to buy 5 percent of Daimler, reported Reuters. According to a report citing three sources familiar with the matter, BAIC Group wants to buy the stake to ensure its investment in Beijing Benz Automotive is protected. Reuters reported BAIC let Daimler know earlier this year it was interested in buying anywhere from a 4 percent to 5 percent stake in the car maker that owns Mercedes-Benz.
Vitalik Buterin
MAY 12, 2019
Trigger warning: specialized mathematical topic. Special thanks to Karl Floersch for feedback. One of the more interesting algorithms in number theory is the Fast Fourier transform (FFT). FFTs are a key building block in many algorithms, including extremely fast multiplication of large numbers , multiplication of polynomials, and extremely fast generation and recovery of erasure codes.
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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.
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