Chris Skinner

NOVEMBER 17, 2019

I just saw an interesting report produced and released by SIX Group that talks about the future of money. SIX Group run payments and settlement processing out of Switzerland and, unsurprisingly, their view is that the most likely future is that there will be digital everything but still some cash … The post The future of money according to the Swiss (shhh, it’s not bitcoin) appeared first on Chris Skinner's blog.

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PYMNTS

NOVEMBER 17, 2019

BELLIN announced that it has successfully integrated support for SEPA real-time payments into its software solutions, with the help of Deutsche Bank. The integration complies with the specifications of the German Banking Industry Committee, and enables all corporate customers of banks offering this type of service to carry out real-time payments as a SEPA Instant Credit Transfer via the EBICS channel using BELLIN’s treasury management system.

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Chris Skinner

NOVEMBER 17, 2019

Things we’re reading today include … Google wants to launch bank accounts. Here’s why you don’t want to be a customer Lloyds bank shareholders lose legal battle over ‘disastrous’ HBOS takeover Britain’s last local bank branch will close its doors in 10 years’ time The best and worst banks for … The post Things worth reading: 18th November 2019 appeared first on Chris Skinner's blog.

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Google 179

PYMNTS

NOVEMBER 17, 2019

Tech startups fearing anticipated instability are scrambling to conserve an age-old commodity — cash — the New York Times (NYT) reported on Sunday (Nov. 17). . Following quick growth and easy funding, startups are starting to jump off the fast lane and follow a more conservative road map. . San Francisco firm Kruze Consulting said young companies are raising more while spending less and hoarding cash in the name of longevity.

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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 Source

NOVEMBER 17, 2019

Up against the rising success of social payments providers like Venmo and Square Cash, banks are deploying more options to keep themselves at the focus of digital payments.

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Payments Source

NOVEMBER 17, 2019

Allegations of gender bias are the tip of the iceberg of a very big problem that faces artificial intelligence and goes far beyond the financial services sector, says Temenos' Hani Hagras.

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PYMNTS

NOVEMBER 17, 2019

Google ‘s recent announcement that it is buying Fitbit is leading some users to ditch the device. “I’m not only afraid of what they can do with the data currently, but what they can do with it once their AI advances in 10 or 20 years,” former user Mike Carpenter told CNBC. “Health insurance companies would love to get their hands on that data and their purposes wouldn’t be advertising, so is that what they are going to do with it?

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Banking Exchange

NOVEMBER 17, 2019

Northern Trust is looking into the trading of fractionalized bonds on a blockchain Management Feature Financial Trends Blockchain M&A Fintech Feature3 Technology.

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blockchain Trends Fintech Management 68

PYMNTS

NOVEMBER 17, 2019

Sterling Bancorp announced that it has launched its new Innovation Finance Group , and has tapped veteran technology bankers John Hoesley and Josh Roberts to lead it. The new group will provide a full suite of lending and banking products for growing technology companies at every development stage, including asset-based solutions, recurring revenue-based revolving lines of credit, treasury management, foreign exchange and more.

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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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BankBazaar

NOVEMBER 17, 2019

Want to tidy your finances before 2019 comes to an end? Here’s your last-minute checklist to get your finances in order. It’s that time of the year again! The holiday season is fast approaching, and pretty soon the festive merriment will be upon us. With the added expenses that festivities come with, you can be left with little or no money at the beginning of the new year.

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Banking Exchange

NOVEMBER 17, 2019

Many simply aren’t prepared to take advantage of new technologies that are available Community Banking Feature3 Feature Technology Fintech.

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Payments Source

NOVEMBER 17, 2019

Consumer trust issues have long been a stumbling block for challenger banks, but many say Google will face bigger obstacles.

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Google Customer Experience Digital Banking Online 67

Let's Talk Payments

NOVEMBER 17, 2019

MEDICI and Open Financial Technologies together released an in-depth 40+ page report on Banking-as-a-Service on October 11, 2019, at the Singapore FinTech Festival.

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Report Financial Technology Fintech Technology 52

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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

Tech and Finance

NOVEMBER 17, 2019

The financial services industry needs to use low code development because it doesn’t have the time or the people to create services the old fashioned way, says Omar Arab, vice president of business development at Veritran. The company provides a low-code solutions to write front-end customer-facing apps. Its code runs at 50 banks with 40 million users and processes 10 billion transactions a year, he said.

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The Financial Brand

NOVEMBER 17, 2019

The co-founder of Apple Computer, Steve Wozniak provides insights on innovation, technology and the future for the Banking Transformed podcast. The post Steve Wozniak Shares Perspectives On Technology, AI and Innovation appeared first on The Financial Brand.

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Innovation Technology Apple Branding 25

PYMNTS

NOVEMBER 17, 2019

Interpol is coming out against strong encryption, saying it protects child sex predators. Sources told Reuters that the international police organization made the decision at its conference in Lyon, France last week to release a version of the resolution introduced by the FBI in the hopes of getting companies to give law enforcement access to user communications when needed.

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The Financial Brand

NOVEMBER 17, 2019

Digital banking is affecting in-person banking faster than expected. Branches are still sales drivers for now, but decisive action is needed. The post Massive Forces Impacting the Future of Bank & Credit Union Branches appeared first on The Financial Brand.

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US

PYMNTS

NOVEMBER 17, 2019

The U.S. Federal Reserve Board has issued a warning about a possible stablecoin crisis and its impact on the global economy. In its November Financial Stability Report , the central bank explained that “a global stablecoin network, if poorly designed and unregulated, could pose risks to financial stability. The failure of a stablecoin to operate as expected could disrupt other parts of the financial system.”.

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The Financial Brand

NOVEMBER 17, 2019

Becoming part of the voice search conversation with Alexa, Siri and the Internet of Things means upping your search engine optimization game. The post The Financial Marketer’s Guide to Building Voice Search Strategy appeared first on The Financial Brand.

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