Chris Skinner

FEBRUARY 27, 2020

Really interesting interview with Garry Kasparov in Wired magazine about the potential of artificial intelligence (AI) in the future. Garry Kasparov is perhaps the greatest chess player in history. For almost two decades after becoming world champion in 1985, he dominated the game. Then, in 1997, at the height of … The post “I was the first knowledge worker whose job was threatened by a machine” appeared first on Chris Skinner's blog.

Technology 531

Technology 531

Bank Innovation

FEBRUARY 27, 2020

Tony Morosini, vice president of banking and payments at Figure, will attend and speak at Bank Innovation Ignite on March 2-3 in Seattle. Morosini will share insights and perspectives on lessons banks can learn from big tech companies like Google, Amazon and Facebook during the fourth session on Monday, March 2. Prior to his role […].

Innovation 363

Innovation Seattle Google Payments 363

Abrigo

FEBRUARY 27, 2020

Key Takeaways Financial institutions who want to maintain a healthy share of business lending this year and through potentially tougher economic times ahead want to be in the best position possible before trouble hits. Abrigo's Business Lending Readiness Survey found many processes stymie those efforts. At most banks and credit unions, for example, staff re-enter the same data point between 1 and 5 times.

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Lending Survey Data System 243

Bank Innovation

FEBRUARY 27, 2020

Afterpay’s efforts to embed itself in the U.S. retail ecosystem are showing results. The point-of-sale lender announced this week it has more U.S. customers than customers in New Zealand and in Australia, where it is headquartered. This is the first time since the company’s 2014 launch that its U.S. customer numbers have outperformed other markets. […].

Marketing 293

Marketing US Retail Customer Experience 293

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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

Lending

Payments Dive

FEBRUARY 27, 2020

Žoržas Šarafanovi?ius, executive director of Ashburn International, cited the importance of "terminal as a service" following the recent Ingenico Paytech Summit in Barcelona, Spain.

Payments 221

Payments 221

PYMNTS

FEBRUARY 27, 2020

A quick glance at the workforce of 2020 doesn’t immediately present itself as all that different from the workforce of the year 2000. The major professions remain the same — doctors, lawyers, bankers, accountants, stock brokers, academics, teachers, consultants, software programmers, etc. The trades are mostly familiar — electrical, carpentry, plumbing, welding, etc.

Community 236

Community Mobile Course Software 236

Bank Innovation

FEBRUARY 27, 2020

Tony Morosini, vice president of banking and payments at Figure, will attend and speak at Bank Innovation Ignite on March 2-3 in Seattle. Morosini will share insights and perspectives on lessons banks can learn from big tech companies like Google, Amazon and Facebook during the fourth session on Monday, March 2. Prior to his role […].

Innovation 195

Innovation Seattle Google Payments 195

Accenture

FEBRUARY 27, 2020

In the first of this three-part series, we discussed how Australia’s financial services (FS) firms need to regain customer trust via a return to core banking offerings and values. That requires them to divest non-core assts. In our second blog, we mapped how to conduct due diligence and shape the deal. In this final post,…. The post How Australia’s banks can divest assets with speed and precision appeared first on Accenture Banking Blog.

How To 195

How To 195

Bank Innovation

FEBRUARY 27, 2020

Afterpay’s efforts to embed itself in the U.S. retail ecosystem are showing results. The point-of-sale lender announced this week it has more U.S. customers than customers in New Zealand and in Australia, where it is headquartered. This is the first time since the company’s 2014 launch that its U.S. customer numbers have outperformed other markets. […].

Marketing 195

Marketing US Retail Customer Experience 195

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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

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Abrigo

FEBRUARY 27, 2020

Key Takeaways FinCEN hires Digital Innovation Officer to prove commitment to innovation in BSA/AML. Abrigo embraces innovation with the introduction of artificial intelligence scenarios. Our Transparent AI is easy to explain to regulators. . The Financial Crimes Enforcement Network (FinCEN), along with the Federal Banking Agencies, released a joint statement in December 2018 emphasizing financial institutions’ need to embrace technology to strengthen their BSA/AML programs.

Innovation 195

Innovation Software United States Compliance 195

PYMNTS

FEBRUARY 27, 2020

Silicon Valley-based delivery unicorn DoorDash has filed paperwork for an initial public offering (IPO) with the Securities and Exchange Commission (SEC), the company announced on Thursday (Feb. 27). The company said it had filed “confidentially,” meaning its financials are not yet available to the public. Confidential filings also allow unprofitable startups in initial “growth” mode to investigate the early stages of a public listing without the public scrutiny, according to a report.

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New York City New York Capital Analytics 197

Bobsguide

FEBRUARY 27, 2020

In 2019, it was clear that regulators overall had become much better at parsing the differences between cryptocurrency and blockchain and, increasingly, the difference between permissioned and permissionless blockchains, an even less acknowledged and understood distinction.

cryptocurrency 153

cryptocurrency blockchain Regulation 153

PYMNTS

FEBRUARY 27, 2020

Small businesses continue to embrace digital banking. At the same time, digital banks are looking to capitalize on their growing small and medium-sized business (SMB) customer base, with open banking and bank-FinTech collaborations an important part of that strategy. Such data sharing and partnerships enable service providers to augment their products for better user experiences, and increasingly, small businesses aren’t keeping quiet about their demands for richer banking services.

Fintech 192

Fintech Fraud Data Lending 192

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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.

Lending

Payments Source

FEBRUARY 27, 2020

Deluxe has spent many years working to diversify beyond paper checks, which are in an inevitable decline. But that diversity led to confusion.

Fintech 131

Fintech Payments 131

PYMNTS

FEBRUARY 27, 2020

Walmart, in a bid to stem eCommerce losses and compete more directly with Amazon, is working on a new endeavor called Walmart+ to compete with Prime, according to a report by CNBC. Over the last year and a half, Walmart has been exploring the option of a paid subscription model that would offer certain perks Amazon wouldn’t be able to match. Walmart could start testing the new program as soon as March.

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Report Online Payments Company 172

Matt Wilcox Pro

FEBRUARY 27, 2020

Originally posted February 18, 2016 Four years later, and privacy is still a battleground. A fact of digital life is that the harder we work to keep data secure, the harder bad guys will work to break in. But what happens when government wants to break in? The FBI has been trying to break into [.

Apple 97

Apple US Security Data 97

PYMNTS

FEBRUARY 27, 2020

Resale marketplace Poshmark has passed the 100 million order milestone, the company announced with the release of its second social commerce report , “2020: The Year of Social Shopping.”. The report draws on insights from over 8,000 shoppers surveyed across the U.S. and Canada, in addition to data from Poshmark’s 60 million community members, uncovering the impact of social shopping on brand discovery and eCommerce transactions, while identifying how resale is fueling larger industry changes. “

Branding 164

Branding Retail Survey Online 164

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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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Payments Source

FEBRUARY 27, 2020

The growth and monetization of Square’s Cash App boosted the company's quarterly earnings, along with the sale of its food delivery unit Caviar.

Company 95

Company Bitcoin Payments 95

PYMNTS

FEBRUARY 27, 2020

Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said that before they issue their own digital currencies, central banks around the world should attempt to get a better understanding of the pros and cons of the process, according to a report by Reuters. Amamiya said that banks should also look at ways to prepare for the potential downsides of releasing a digital coin.

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social media cryptocurrency Conference Study 160

Payments Source

FEBRUARY 27, 2020

Afterpay has found an opening in the U.S. by targeting the millennials that don't have a credit card to use at the point of sale.

Millennials 98

Millennials Cards Lending 98

PYMNTS

FEBRUARY 27, 2020

Bitcoin’s decline continued Wednesday (Feb. 26) as it fell below the mark investors were looking at as a key line of support. Bitcoin fell below $9,000 Wednesday and losses were at around 9 percent total for the week. Investors think the coin is “in trouble,” according to a report by Bloomberg. The cryptocurrency was trading at around $8,795 as of 11:43 a.m. in New York.

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Bitcoin New York cryptocurrency Marketing 159

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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.

Compliance

CFPB Monitor

FEBRUARY 27, 2020

The CFPB recently published ten new TRID FAQs related to lender credits. Previously the CFPB staff provided informal verbal guidance regarding lender credits, and the 2017 amendments to the TRID rule, often referred to as TRID 2.0, added commentary to TRID provisions of Regulation Z that address the disclosure and treatment of lender credits. However, there has continued to be confusion in the industry on how to properly disclose lender credits on the Loan Estimate and Closing Disclosure, and e

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Industry Regulation How To Examples 78

PYMNTS

FEBRUARY 27, 2020

A class-action lawsuit that threatened the world’s third-largest virtual currency, XRP, will continue, as it was not thrown out at the request of blockchain payment services provider Ripple , according to Bloomberg on Wednesday (Feb. 26). Ripple failed to persuade a judge in Oakland, California to dismiss the entire lawsuit, called Zakinov v. Ripple Labs Inc though U.S.

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Oakland California Fraud New York 151

Payments Source

FEBRUARY 27, 2020

Immediate payments through an existing payments platform means firms can pay quickly, satisfying the expectations of gig workers who are increasingly important to the company’s functions.

Payments 75

Payments 75

PYMNTS

FEBRUARY 27, 2020

The restaurant business is: a) healthy for 2020 or b) apprehensive about technology. All of the above. The 2020 outlook report from the National Restaurant Association was released today and it paints a picture of an industry dealing with the countercurrents of solid consumer spending and disruptive technology. In fact, by 2030, the National Restaurant Association expects that technology could completely change the face of dining.

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Rhode Island National social media Arizona 151

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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.

Lending