Mon.Jul 22, 2019

article thumbnail

BlackRock’s BS … and other stories of sustainable finance

Chris Skinner

A big area of debate in banking that has been around since the 1990s is how to make banks more accountable for sustainability. I talk about this a lot these days as 71% of all Green House Gas (GHGs) emissions emitted on planet earth since 1988 came from just 100 … The post BlackRock’s BS … and other stories of sustainable finance appeared first on Chris Skinner's blog.

How To 289
article thumbnail

TD Ameritrade launches in-car investment ‘experiences’ using voice, AI

Bank Innovation

With average commutes in the U.S. lasting around 27 minutes and with millions commuting for at least an hour per day, TD Ameritrade wants to seize the opportunity to reach a captive market. On Monday, the company rolled out a series of digital tools to help customers manage their portfolios while driving, but the Omaha-based […].

Omaha 186
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Things worth reading: 23rd July 2019

Chris Skinner

Things we’re reading today include … UBS posts surprise second quarter profit boost What’s the best way to stay awake in meetings? Neil Woodford’s listed fund invests £10m in Atom Bank Equifax to pay up to $700m to settle data breach Will America go from hunter to hunted in cross-border … The post Things worth reading: 23rd July 2019 appeared first on Chris Skinner's blog.

America 199
article thumbnail

TD Ameritrade launches in-car investment ‘experiences’ using voice, AI

Bank Innovation

With average commutes in the U.S. lasting around 27 minutes and with millions commuting for at least an hour per day, TD Ameritrade wants to seize the opportunity to reach a captive market. On Monday, the company rolled out a series of digital tools to help customers manage their portfolios while driving, but the Omaha-based […].

Omaha 170
article thumbnail

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

article thumbnail

Autonomous Vehicles Run Into Serious Roadblocks

PYMNTS

Sometimes, when an idea – especially one that has long stewed in popular imagination – makes serious and well-funded moves toward becoming reality, the excitement becomes almost irresistible, and the idea takes on a sense of immediacy and inevitability. That’s been the case over the past year or so for self-driving cars. Sure, skepticism about the coming age of autonomous transportation was always out there.

Detroit 191

More Trending

article thumbnail

Visa Among Investors In PayMate’s Series D Growth Funding

PYMNTS

India’s PayMate announced it has raised a new round of growth capital to accelerate expansion within India and internationally to Central and Eastern Europe, the Middle East and Africa (CEMEA). . Investors in this Series D round include Visa, Recruit Strategic Partners, Brand Capital, and others, the Economic Times reports. . Visa’s tactical investment enhances its successful partnership with PayMate in India and the recent expansion of their relationship in the CEMEA region.

Capital 184
article thumbnail

Libra not a threat, ‘still playing out,’ Remitly CEO Oppenheimer says

Bank Innovation

Matt Oppenheimer co-founded Remitly eight years ago after working in Kenya and experiencing the pain of transferring money across borders first hand. After working for Barclays as part of an MBA rotational program for nearly two years, he moved back to the U.S. and launched Remitly in 2011. The Seattle-based company has since grown at […].

Seattle 170
article thumbnail

Expanding the Brick-and-Mortar Footprint with Kiosks and Automated Retail

Payments Dive

Interactive kiosks and automated vending solutions are driving the future of retail, and connectivity is the fuel making it happen.

Retail 191
article thumbnail

Citizens boosts tech spend, attacking back office and point-of-sale lending

Bank Innovation

Citizens Bank is accelerating its tech investments to speed up migration to the cloud, as well as to support new digital products and services. The bank will make a net investment of about $50 million over the next two years that will be put toward “reinventing” point-of-sale payment experiences and new digital offerings for commercial […].

Lending 170
article thumbnail

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

article thumbnail

 Payments Fraud, Via Apps?

PYMNTS

Apps with a possible security flaw, a malware phishing scheme and possibly, payments fraud, all done in the blink of an eye? Security firm Symantec said this past week that it found a security flaw in Android apps for WhatsApp and Telegram, which can allow hackers to manipulate data that flows between users. Reports say that the hacks, which are known as Media File Jacking, allow media that spans photos to documents to be compromised in “real time” and that means intercepting data between when i

Fraud 180
article thumbnail

Shape Shifting: Future Trends Transforming Online Payments

Payments Dive

A rapid transformation is at play in the world of digital payments. FSS examines key trends reshaping online payments.

Trends 186
article thumbnail

(Literal) Land Grab for Hot New Real Estate Startups Shows FOMO

PYMNTS

Call it groupthink, on a grand scale, to the tune of billions of dollars. Call it FOMO. But then again, YOLO. So why not stake a claim? News came this week that a cramped space is getting a bit more crowded. We’re talking about the real estate sector, where certainly there seems there is an opportunity to change the status quo. In Texas, there is Homeward Realty , with $4 million in equity raised and $21 million in debt borrowed, per its latest announcement.

Capital 174
article thumbnail

Banks' Inevitable Race To The Cloud

Ron Shevelin

Despite proof and evidence of the benefits, skepticism around cloud computing in banking remains. Rest assured, it won't take 100 years for popular opinion to change. Even if we are talking about bankers.

157
157
article thumbnail

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.

article thumbnail

For Gig Workers, Advances In Pay Advances

PYMNTS

Getting paid in advance for work to be completed later is gaining traction in the gig economy. As found in the Pay Advances Report , the trend may be a new normal for ad-hoc workers. Getting paid early or even upfront has its advantages in terms of managing cash flow, paying bills or even saving for emergencies. Data: $178 billion: Potential value of “pay advance” wages, if access were easier. 56.8 percent: Share of skilled workers who receive pay advances. 36.6 percent: Share of uns

Trends 166
article thumbnail

It takes two: People and performance analytics for sales compensation

Insights on Business

Sales compensation dashboards are common, but they usually tell only half of the story. Two sides to your dashboard are available that can lead to growth: productivity metrics and people metrics, and looking at only one side gives you only half the picture. Many organizations determine if their sales compensation plans are working by gathering ad hoc information and doing spot analytics.

Analytics 104
article thumbnail

Inside TickPick’s Instant Payments Play

PYMNTS

Instant payments are becoming crucial to consumers participating in the platform economy. These consumers want to be sure that they can both send and receive money seconds after they’ve completed a transaction. To meet this need, platforms are searching for new ways to bring instant payments onto their marketplaces. This is especially essential as consumers start to flock to marketplaces for things outside of typical retail purchases, but for more unique experiences.

Payments 165
article thumbnail

China's 'Pays' could lead a crypto market, but the government won't let them

Payments Source

WeChat Pay and Alipay have huge markets, but China's lack of openness makes a Facebook Libra-style move unlikely, argues Utrust's Filipe Castro.

Marketing 113
article thumbnail

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

article thumbnail

LATAM’s Payments Innovation Renaissance

PYMNTS

Providing onboarding services in the Latin American market is both an exciting opportunity and a challenging one. The level of opportunity arising in the market across verticals — but particularly in financial services — means there are literally thousands of startups and more than a few legacy banking players rapidly pushing into the digital ecosystem.

article thumbnail

U.S. Bank buys BMW cobranded card, readying switch to Mastercard

Payments Source

U.S. Bank has purchased BMW’s cobranded Visa credit card portfolio and will issue a new version of the card under the Mastercard brand early next year.

Cards 95
article thumbnail

Google Shopping Now Live In The US

PYMNTS

After testing around the world since 2018, the new Google Shopping homepage is live in the U.S. . The new shopping experience launched by Alphabet’s Google focuses on personalization and browsing, 9to5 Google reports. The revamped experience was unveiled in India before rolling out to France in March. . Users are greeted with “Let’s go shopping” with a price tag logo and a search field that asks, “What are you looking for?

Google 154
article thumbnail

7.22.19 Your morning briefing

Payments Source

The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon Go preps a larger store; Western Union and MoneyGram add to their networks; Bots emerge for PSD2 compliance.

article thumbnail

Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.

article thumbnail

New Anthem App Allows Smartphone Healthcare Payments

PYMNTS

A payment app being launched by health insurer Anthem Inc. will allow consumers use their smartphones to schedule and pay for medical visits, get diagnoses and text with doctors. People can use the service even if they’re not Anthem customers, The Wall Street Journal reports. The app, called CareSpree, will roll out this month in Indiana before expanding to other states in Anthem’s territory.

article thumbnail

BRICS vs. Swift: Russia spearheads payments plan to guard against U.S. sanctions

Payments Source

Russia and its BRICS partners are developing cross-border alternatives to U.S.-dominated payments systems such as Swift, driven by the rise in cross-border trade and a desire to find non-dollar alternatives to international payments systems vulnerable to sanctions by the U.S. government.

article thumbnail

Uber Testing Combined Subscription Service With All Offerings

PYMNTS

Uber is testing a monthly subscription pass that would allow access to rides, scooters, bikes and food, according to a report. The pass, which costs $24.99 per month, offers a fixed discount on rides, free Uber Eats delivery and free rides on JUMP bikes and scooters. Uber is testing various discounts in different cities, including San Francisco and Chicago.

article thumbnail

Senators press Fed's Powell on real-time payments

Payments Source

A group of senators on the Banking Committee sent a letter to the central bank chairman grilling him on the agency's efforts to develop a real-time payments system.

article thumbnail

2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.