Sun.May 05, 2019

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What does your leadership look like?

Chris Skinner

I’m sure some people see me walk into a room and go oh no, not him. I have a position, and it’s not popular with everyone. But I don’t care. On my LinkedIn profile, I describe myself as a troublemaker, and no issue, I’m sticking with that. So, boot on … The post What does your leadership look like? appeared first on Chris Skinner's blog.

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WhatsApp Pay India Debut Targets Paytm Users

PYMNTS

With the digital payments market heating up in India as major players enter it, Facebook-owned WhatsApp Pay is expected to be a game-changer. According to a report in the Economic Times of India , since Facebook Chief Executive Mark Zuckerberg revealed in April that WhatsApp Pay is coming to India, the marketplace has been bracing for the latest entrance.

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Things worth reading: 6th May 2019

Chris Skinner

Things we’re reading today include … How the collapse of a football league is tied to crypto’s biggest banking scandal ‘You can’t buy bitcoin’ – is how banks promote bitcoin says economist Digital disruption is coming to banking at last Young people and their phones are shaking up banking Brexit … The post Things worth reading: 6th May 2019 appeared first on Chris Skinner's blog.

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Wells Ups Estimates Of Legal Losses To $3.1B

PYMNTS

Wells Fargo , the embattled national bank, is reportedly upping the money it may lose from legal actions, reported The Wall Street Journal. The report, citing the bank’s quarterly securities filing, said the bank expects the potential losses from legal actions stemming in part from its fake account scandal to be $3.1 billion as of the end of March. That is up from $2.7 billion through the end of 2018 and $2.2 billion through the end of September.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

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Banks face a tough job to lure small businesses from payment fintechs

Payments Source

There are emerging payment innovations and strategies, such as card controls and online payment technology and analysis, that can help banks and other financial institutions connect with small businesses, writes Erik De Kroon, CEO and co-founder of Yordex.

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Safaricom eye international expansion using M-Pesa

Bankelele

Safaricom announced another year of record earnings through innovation and payments, despite a tough economy in Kenya and with an extra bonus for their shareholders. For 2018, Safaricom recorded revenue of Kshs 240.3 billion (~$2.4 billion), an increase of 7%, and a net profit of Kshs 63.9 billion. The growth was attributed to M-Pesa which, grew by […].

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NY Uber Drivers To Strike Ahead Of IPO

PYMNTS

Shortly ahead of Uber ’s initial public offering, drivers of the company in New York plan on going on strike. According to a report in Reuters citing a taxi union, Uber drivers, as well as Lyft and other ride-hailing app drivers, will strike Wednesday (May 8) for two hours. The strike will start at 7:00 a.m. EST. Reuters noted Uber is expected to price its IPO Thursday (May 9) and begin trading on the New York Stock exchange the day after.

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Paymentwall, Toss to connect global merchants with the Korean market

The Paypers

(The Paypers) Paymentwall has partnered with Toss , a South Korea-based mobile financial platform, to provide companies with access to South Korean market through the local payment method.

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Lawmakers Want FTC To Investigate H&R Block, TurboTax

PYMNTS

H&R Block and Intuit , the maker of TurboTax software, are facing calls from lawmakers for the Internal Revenue Service to cancel agreements with the companies and launch an investigation into their business practices. The calls, which came in the form of letters sent to the IRS and FTC from presidential hopefuls Senator Elizabeth Warren and Bernie Sanders among other lawmakers, stem from allegations the companies didn’t promote free government tax preparation options to customers, reported

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The State of Automation in Financial Services 2024 Report

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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Kenya Airways 2018 results

Bankelele

Excerpts from the announcement of the Kenya Airways 2018 financial results April 30, 2019 at Ole Sereni Hotel. Nairobi at a breakfast event with investors and media. Performance: 2018 revenue was Kshs 114 billion (~$1.14 billion), compared to 81 billion in 2017 at the airline, which is in the middle of discussions about taking over the […]. The post Kenya Airways 2018 results appeared first on Bankelele.

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Mastercard to acquire Transactis for bill payment services

The Paypers

(The Paypers) Mastercard has entered into an agreement to acquire Transactis , a US-based platform that helps businesses deliver bills and receive payments.

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4 Digital Challenges Financial Marketers Must Overcome Immediately

The Financial Brand

Time is running out for bank and credit union teams that haven't started investing time and resources in finding their digital marketing path. The post 4 Digital Challenges Financial Marketers Must Overcome Immediately appeared first on The Financial Brand.

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Mastercard draws on its partnerships to attract small businesses

Payments Source

Mastercard hopes to tap into existing partnerships and clients from multiple business lines to combine services in a single menu for small to mid-sized businesses, a market where fintechs have made great strides over the past few years, enough to draw extra attention from established companies.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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Bank OZK Self-Disrupts with Innovation Lab Stressing Practical Change

The Financial Brand

How one big community bank keeps its internal fintech think tank churning out usable products instead of blue sky. The post Bank OZK Self-Disrupts with Innovation Lab Stressing Practical Change appeared first on The Financial Brand.

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FTC Split On Size, Scope Of Facebook Fine

PYMNTS

With Facebook and the Federal Trade Commission in the final stages of settlement talks, disagreements between the five-member FTC panel are complicating the discussions. The New York Times , citing three people with knowledge of the talks, reported that while the five FTC commissioners agreed months ago to fine Facebook a record amount, they can’t agree on how much and how severe the punishment should be for the social media giant.

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Engaged Staff Vital to Linking Banking Experience to Brand Message

The Financial Brand

Building a personal connection between consumers and a banking brand is critical now. It starts with engaged and empowered employees. The post Engaged Staff Vital to Linking Banking Experience to Brand Message appeared first on The Financial Brand.