Mon.May 27, 2019

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FinTech’s biggest new market is small business financing … but is it worth it?

Chris Skinner

I write a lot about FinTech payments, lending, roboadvice and such like. But there’s been a strong bubbling trend underneath all this that has not gone unnoticed. I’ve just not blogged about it enough. SMALL BUSINESS FINANCE People talk a lot about finance for SMEs – small to medium enterprises … The post FinTech’s biggest new market is small business financing … but is it worth it?

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Why small towns matter for U.S. contactless adoption

Payments Source

Large U.S. financial institutions converting their credit and debit portfolios to contactless technology this summer are betting that transit agencies like New York shifting to open-loop NFC will help drive mass adoption.

New York 137
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Things worth reading: 28th May 2019

Chris Skinner

Things we’re reading today include … ‘I replied to a genuine [Metro] bank tweet and lost £9,200 to a fraudster’ China’s First Bank Seizure in 20 Years Spooks Investors Monzo on track to hit 3m customers as CEO admits the bank ‘fluffed’ the launch of its premium card The ethical … The post Things worth reading: 28th May 2019 appeared first on Chris Skinner's blog.

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Protecting data 'at rest' isn't protecting data

Payments Source

Data protection strategies need to consider how data travels and how that impacts vulnerabilities and breach risk, according to comforte AG's Jonathan Deveaux.

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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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Congress hopes to keep up with AIs

Matt Wilcox Pro

On May 9, the U.S. House Committee on Financial Services issued a press release announcing the formation of two task forces: one on financial technology, to be chaired by Congressman Stephen Lynch (D-MA), and the other on artificial intelligence, to be chaired by Congressman Bill Foster (D-IL). Committee chair Maxine Waters (D-CA) said: As new technologies emerge and the [.

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Do Banking Execs Have It All Wrong With Innovation Labs?

The Financial Brand

Expensive 'innovation theater' is a waste of money if you don't turn digital investments into true catalysts for banking transformation. The post Do Banking Execs Have It All Wrong With Innovation Labs? appeared first on The Financial Brand.

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Time to ‘Disrupt’ Wrong Thinking about Banking Innovation Labs?

The Financial Brand

Expensive financial 'innovation theater' must stop. Turn innovation and digital investments into true catalysts for banking transformation. The post Time to ‘Disrupt’ Wrong Thinking about Banking Innovation Labs? appeared first on The Financial Brand.