Bank Innovation
DECEMBER 29, 2019
Rick Winslow, chief experience officer at small business lending company Kabbage, will join Bank Innovation Ignite this March 2-3 in Seattle as panelist for a session entitled “The future of banking customer experience.” The discussion will dive into new products and services that can help improve customers’ digital journeys. Winslow’s experience isn’t limited to the […].
PYMNTS
DECEMBER 29, 2019
Samsung disclosed that it will introduce an “artificial human” called Neon at CES 2020 on Jan. 7 that is totally different than its artificial intelligence (AI) assistant Bixby, Digital Trends reported. The limited information about Neon was shared on Samsung’s Twitter account, and includes an “Artificial Human” teaser in several languages with the tagline “Have you met an ‘artificial’?”.
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Bank Innovation
DECEMBER 29, 2019
Grab Holdings Inc. is partnering with Singapore Telecommunications Ltd. to apply for a full digital banking license, jumping aboard a Singapore government initiative to attract technology firms into its financial sector. A Grab entity will own a 60% stake in the consortium that will apply for the bank license in Singapore, while the telco known […].
PYMNTS
DECEMBER 29, 2019
As online banking continues rapidly evolving , ahead of another anticipated round of funding next year, digital challenger bank Monzo remains in discussions to secure as much as £100m in upcoming weeks. The financial startup plans to raise between £50m and £100m in early 2020, amplifying an earlier June 2019 deal that netted Monzo £113m. Monzo , founded by entrepreneur Tom Blomfield, acquired 3.5 million customers in 2019, offering those users a mobile app bank account and a distinctively-colore
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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
DECEMBER 29, 2019
The past year saw digital lenders enhance their product suites beyond credit, as big banks focused on adding features to their digital platforms to keep customers in their ecosystems, S&P Market Intelligence reported in a December research note. Lenders move into banking “Digital lenders are increasingly pushing into nonlending services,” the study noted. “Such expansion […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
DECEMBER 29, 2019
New, risk-based technologies powered by AI and machine learning (ML) enable financial institutions to analyze transaction, device, geographical and behavioral data to make real-time security decisions, detecting and preventing fraud as it happens, says OneSpan's Michael Crichton.
PYMNTS
DECEMBER 29, 2019
The United Nations (UN) needs to embrace blockchain, António Guterres, U.N. secretary-general, said in a statement to Forbes. . Guterres said blockchain technology will be a critical part of the U.N., which produces $50 billion in proceeds each year. China, too, has prioritized blockchain, and the $6 billion U.N. Children’s Fund can receive donations in bitcoin and ethereum for some projects. .
American Banker
DECEMBER 29, 2019
Regulators' oversight of the industry's switch to a new interest rate benchmark is expected to intensify as a key deadline approaches.
PYMNTS
DECEMBER 29, 2019
U.S. business loans and capital investment have essentially plateaued in the second half of 2019, in what experts say is a reflection of the slowing industrial economy. The industrial slowdown crippled markets and made way for big businesses to take advantage of cheap financing deals that were available. While there was growth in commercial and industrial loans of 1.6 percent by December, resulting in a total of $2.4 trillion, all the growth occurred in the first half of the 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
American Banker
DECEMBER 29, 2019
Wells Fargo's continued leadership shake-up led to more executive shuffling in the final two montsh of 2019.
PYMNTS
DECEMBER 29, 2019
Those looking for a way to keep up with what movies they want to watch will have a new Google tool to do so, according to the website 9to5google. Google’s new tool will allow users to add TV shows and movies to categories for things they’ve watched and want to watch. If the content is available on YouTube, there will be a button that says ‘Watch Now’ available next to the title.
The Financial Brand
DECEMBER 29, 2019
6 ways banks and credit unions must double-down on fintech relationships to achieve the revenue and profit potential of digital innovations. The post Making Fintech Partnerships Work: Tips for Banking Providers appeared first on The Financial Brand.
PYMNTS
DECEMBER 29, 2019
Internet of Things (IoT) vendor Wyze announced a server leak that exposed the data of 2.4 million customers from Dec. 4 to Dec. 24. The leak was the result of an internal database — the Elasticsearch system — being unwittingly exposed online, Wyze Co-founder Dongsheng Song said in a forum post first published on Dec. 26 and updated on Sunday (Dec. 29).
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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 Financial Brand
DECEMBER 29, 2019
Despite owning data fintechs crave, few financial institutions use it to personalize offers and provide insights. Here's how to change that. The post 5 Ways Banks & Credit Unions Can Build a Better CX Than Fintechs appeared first on The Financial Brand.
PYMNTS
DECEMBER 29, 2019
The Russian central bank is in the process of introducing debt guidelines to help companies stave off widespread risk as early as possible, Elizaveta Danilova, head of the bank’s financial stability department, told Reuters. The central bank is looking to strengthen the foothold of the financial sector after western sanctions, combined with a steep decline in 2014 oil prices, set off a price drop in the ruble.
Lars Markull
DECEMBER 29, 2019
The year is coming to an end and like last year ( My books in 2018 ), I am blogging about the books I have read this year. Initially, my goal was to read 52 books (one per week), however, I changed my mindset already in the first half of the year. I decided not to focus on the outcome (number of books) but rather make sure to read the right books and make reading a continuous daily routine.
PYMNTS
DECEMBER 29, 2019
Careem , an Egyptian domestic rival to U.S.-based Uber , is set to be acquired by their global competition giant. Regulators approved the $3.1 billion deal after Uber guaranteed it would abide by a series of commitments designed to sustain competition in the regional market, Reuters reported Sunday (Dec. 29). The acquisition plan was revealed last March after nine months of protracted discussion between Careem and Uber.
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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.
Lars Markull
DECEMBER 29, 2019
The year is coming to an end and like last year ( My books in 2018 ), I am blogging about the books I have read this year. Initially, my goal was to read 52 books (one per week), however, I changed my mindset already in the first half of the year. I decided not to focus on the outcome (number of books) but rather make sure to read the right books and make reading a continuous daily routine.
Payments Source
DECEMBER 29, 2019
When the European Union began developing the Single Euro Payments Area more than a decade ago, it didn't include a vision for real-time payments and the potential for a third European payments scheme.
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