Chris Skinner
AUGUST 1, 2019
I was asked the other day about my worst prediction ever made. My answer may surprise some, but ti was the view that intermediaries would disappear as technology takes over. I made that prediction about independent financial advisors back in the 1990s as call centres appeared. It didn’t come true. … The post My worst prediction ever appeared first on Chris Skinner's blog.
Payments Dive
AUGUST 1, 2019
The breach at Capital One, which resulted in 106 million U.S. and Canadian consumers losing access to critical personal data, should be a wakeup call to financial industry officials.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Bank Innovation
AUGUST 1, 2019
Facebook’s digital currency Libra continues to rile lawmakers. The U.S. Committee on Banking, Housing and Urban Affairs, which held a hearing earlier this week, concluded that Libra and crypto platforms require a more watchful eye from regulators, particularly regarding data security, privacy and guard rails against financial crime. Three industry representatives, including Jeremy Allaire, co-founder […].
PYMNTS
AUGUST 1, 2019
Global payment services firm Western Union is teaming with Canadian financial institution TD to offer a fast, convenient way for TD account-holders to send money around the world. Western Union said in a press release on Thursday (Aug. 1) that customers of one of Canada’s largest financial institutions can now send money cross-border from their personal TD Canada Trust accounts.
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
Bank Innovation
AUGUST 1, 2019
M&T Bank is rolling out a new feature to help people aggregate all of their accounts within its mobile banking app, including those from other institutions. It’s an open platform approach for an industry that’s traditionally been averse to integrating competitors’ offerings. M&T‘s tool, called Money Smart, is emblematic of a more open approach that […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
AUGUST 1, 2019
Lloyds Banking Group is feeling the heat from the growth of challenger banks. Halfway through a three-year, $3.8 billion digital transformation plan, the London-based institution said it’s ahead of schedule in turning itself into a simplified digital bank residing on the cloud. It may not be a moment too soon, as the group’s big three […].
PYMNTS
AUGUST 1, 2019
Zelis Healthcare and RedCard Systems have announced they will be merging their organizations to create a healthcare payments optimization platform. The platform will utilize market-leading technology and solutions to price, pay and explain claims. Combined, Zelis and RedCard serve over 700 payer clients, including the top five national health plans, and more than 600,000 providers.
Ron Shevelin
AUGUST 1, 2019
Calls for more regulations followed the Capital One data breach. But it's doubtful that more regulations will really have an impact.
PYMNTS
AUGUST 1, 2019
PayPal is introducing an electronic invoicing application programming interface (API) for online sellers in an effort to promote PayPal’s presence on eCommerce and other digital platforms. Reports in eCommerce Bytes this week said PayPal announced its invoicing API for small businesses to be able to create, send and process invoices — and accelerate cash flow.
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
Payments Source
AUGUST 1, 2019
The health care payments market is big – accounting for over one in six dollars of the U.S. GDP – yet it remains perpetually outdated with its heavy reliance on using paper statements for sending out bills.
PYMNTS
AUGUST 1, 2019
In corporate payments, high-value transactions with tall demands for compliance, transparency, speed, efficiency and security aren’t just placing a burden on the businesses sending and receiving funds. Financial service providers are operating in a global payments market filled with disruption as they work to offer cross-border corporate payment services that live up to businesses’ standards.
Payments Source
AUGUST 1, 2019
Most cloud storage systems have gaps that open the door to account takeover, API attacks and other threats, argues Pravin Kothari, founder and CEO of CipherCloud.
PYMNTS
AUGUST 1, 2019
Last month, new data on the U.K.’s gig economy surfaced from the University of Hertfordshire, concluding that the number of gig workers in Britain has more than doubled in the last three years, now reaching 4.7 million professionals. Experts say the explosion of technology platforms like Uber and Deliveroo ushered in waves of opportunity for professionals to have greater control over when, where and how they work.
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.
Payments Source
AUGUST 1, 2019
Standardizing charge backs would make management easier, and merchants would only have to understand one set of protocols, which could also standardize responses, says Monica Eaton-Cardone, COO of Chargebacks 911 and CIO of its parent company Global Risk Technologies.
PYMNTS
AUGUST 1, 2019
Popular delivery service DoorDash announced on Thursday (Aug. 1) that it has brokered an agreement to acquire Caviar , Square ’s restaurant delivery platform, according to a press release. DoorDash will spend $410 million in cash and DoorDash preferred stock. The acquisition will create a company with lots of options and selections when it comes to restaurants and products. .
Payments Source
AUGUST 1, 2019
It’s not yet time to retire the notion that businesses favor checks for supply chains, but deployments in multiple markets point to a turning point in modernizing B2B payments.
PYMNTS
AUGUST 1, 2019
With upgrades to its mobile app and new product offerings, Dunkin’ Brands grew its digital and delivery platforms while rolling out menu innovations with broader customer appeal in the second quarter. The quick-service restaurant (QSR) brand added 46 net new Dunkin’ locations in the U.S., with a total of 109 net new Dunkin’ and Baskin-Robbins locations around the world.
Advertisement
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.
Payments Source
AUGUST 1, 2019
The information you need to start your day, from PaymentsSource and around the Web. Today: Google Pay adds security for UPI in India; Fold offers crypto rewards for mobile pay; U.K. convenience chain deploys checkout-free tech; Singapore bank installs QR code ATMs.
PYMNTS
AUGUST 1, 2019
Google’s parent company Alphabet has surpassed Apple as the company with the biggest cash reserves in the world, according to a report by the Financial Times. The move comes as Apple has made a conscious decision to let go of some of its cash reserves, and about six years after activist investor Carl Icahn pressured the company to do so. The technology company’s holdings of cash and marketable securities, net of debt, has dropped to $102 billion from $163 billion at 2017 year-end.
Payments Source
AUGUST 1, 2019
Revolut Ltd.’s chief executive officer said the digital bank is in talks with Martin Gilbert, vice chairman of Standard Life Aberdeen Ltd., about joining the board.
PYMNTS
AUGUST 1, 2019
Google is in the testing stage for a monthly subscription that would give Android users something similar to Apple’s Arcade , which is launching in the fall, Android Police reported on Wednesday (July 31). . The service, called Play Pass, would offer users access to premium apps and games for a monthly fee of $4.99. The apps would be free of ads and in-app purchases. .
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.
Payments Source
AUGUST 1, 2019
Square Inc. is selling its Caviar food-delivery app to DoorDash Inc. for $410 million, as the money-losing payments company searches for profits.
PYMNTS
AUGUST 1, 2019
Corporate credit card data was not exposed in the massive Capital One data breach that came to light earlier this week, according to Business Travel News reports. The publication said this week that Capital One confirmed commercial cards were not affected by the breach, which exposed the personal data of more than 100 million customers and applicants of Capital One cards in the U.S.
BankBazaar
AUGUST 1, 2019
Credit Card or Personal Loan debt can be financially debilitating given the incredibly high-interest rate that comes with it. Here’s how a balance transfer can help. By now you are aware that a quick fix to managing your cash problems is by getting a Personal Loan or a Credit Card. Personal Loans are unsecured loans that you don’t need to pledge any collateral against.
PYMNTS
AUGUST 1, 2019
Bill.com has tapped former PayPal executive Josh Goines to lead its strategic relationships with technology companies. As senior vice president of strategic partnerships, Goines will help Bill.com align with tech firms like Intuit and with big financial institutions. He’ll also search for partnership opportunities, Bill.com said in a press release. .
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.
Expert insights. Personalized for you.
279 
Let's personalize your content