Chris Skinner
MARCH 20, 2019
One of the greatest challenges in digital transformation is the cultural change, that has to be led with passion and commitment from the top-down. As I’ve already mentioned, that means a Board mandate and the Chair and CEO being fully on board. But what about the C-team? And the level … The post The Art of the Corporate War appeared first on Chris Skinner's blog.
Bank Innovation
MARCH 20, 2019
It’s time to move beyond merely presenting data and toward helping customers take informed action on their finances with that data, according to Jonas Karles, co-founder and COO of Minna Technologies, a PFM provider for subscription and recurring payment management. “We've done the pie chart thing,” he told Bank Innovation. “We have seen how we […].
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Chris Skinner
MARCH 20, 2019
One of the greatest challenges in digital transformation is the cultural change, that has to be led with passion and commitment from the top-down. As I’ve already mentioned, that means a Board mandate and the Chair and CEO being fully on board. But what about the C-team? And the level … The post The Art of the Corporate War appeared first on Chris Skinner's blog.
PYMNTS
MARCH 20, 2019
Square has two new offerings: the revamped Square Online Store and Square For Retail, introduced in an announcement by the company on Wednesday (March 20). The two products will “offer sellers the tools to have one cohesive solution to start or grow an omnichannel business,” and will be fully integrated with Weebly, which Square acquired about a year ago.
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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
Chris Skinner
MARCH 20, 2019
Things we’re reading today include … A Proposed Megadeal Exposes the Grim Outlook for Europe’s Banks Growing payments firms may pose systemic risk Banks progress on adhering to stricter international rules The welcome sight of banks rowing back on executive pensions | Nils Pratley Inside the Fed’s balance sheet in … The post Things worth reading: 21st March 2019 appeared first on Chris Skinner's blog.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Chris Skinner
MARCH 20, 2019
Things we’re reading today include … A Proposed Megadeal Exposes the Grim Outlook for Europe’s Banks Growing payments firms may pose systemic risk Banks progress on adhering to stricter international rules The welcome sight of banks rowing back on executive pensions | Nils Pratley Inside the Fed’s balance sheet in … The post Things worth reading: 21st March 2019 appeared first on Chris Skinner's blog.
PYMNTS
MARCH 20, 2019
In the age of smartphones, tablets and voice assistants, the morning or evening commute provides a myriad of opportunities for consumers to interact with the world. Those possibilities also extend to commerce, with connected devices paving the way for new shopping opportunities while consumers are on the road. According to the PYMNTS Digital Drive Report , 73 percent of today’s connected commuters use a host of devices during their drives to facilitate purchasing activities.
Bank Innovation
MARCH 20, 2019
Advent International and Bain Capital have made quite a team in payments industry deals. For almost a decade, the two firms have paired up to take over companies in the industry. On Monday, their Italian payments firm Nexi said that it plans to list shares on the Milan exchange. The company aims to raise as […].
PYMNTS
MARCH 20, 2019
Entrepreneurs are sometimes inspired to create companies based on a place where they have strong ties: Eric Smith was born as well as raised in New Mexico and co-founded Nuevo Food Box , which offers a subscription box of food highlighting the flavors of the state. His wife, Jordan, was recruited for University of New Mexico basketball for the Lady Lobos.
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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
Payments Source
MARCH 20, 2019
In the era of digital transformation, it can be easy to mistake activity for achievement. A disciplined approach is needed, writes Tim VanTassel, a vice president at FICO.
PYMNTS
MARCH 20, 2019
Top Performing financial institutions (FIs) understand that success may not always be about speed, but timing is often paramount. In fact, they make the timing of their product rollouts a crucial part of their innovation strategies. Only after observing their competitors’ missteps do they fully commit to the rollout of their innovations. As much as 53.3 percent of the top innovators in the financial sector said they observe market trends first.
Bobsguide
MARCH 20, 2019
Banks must start small and ensure that incremental development enables them to learn about their systems, while a sudden, “big bang” launch should be avoided at all costs. That’s according to DNB Bank’s senior IT project manager, Carla Padró “You don’t.
PYMNTS
MARCH 20, 2019
There is scale — then there is scale. There is growth, and the resulting — often massive — increase in customers and revenues in markets across geographies, all achieved through organic growth, the launch of new products, the deployment of new technologies, the formation of new partnerships and even tuck-in acquisitions. Then, there are the game-changing moves that do all of that — and more.
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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.
Bobsguide
MARCH 20, 2019
Challenges brought about by the introduction of the Central Securities Depositories Regulation (CSDR) means that settlement efficiency must improve, according to Adrian Dale, the International Securities Lending Association’s (Isla) director of regulatory policy and market practice.
PYMNTS
MARCH 20, 2019
The idea that blockchain can be divorced from the crypto realm and used to trade and store assets is quickly gaining, well, currency. And in one example, Nash — a financial services platform registered in Liechtenstein — looks to provide a funds management service tied to digital wallets that will help users create and operate accounts across several blockchains while retaining custody of their assets.
Payments Source
MARCH 20, 2019
Until recently, biometric ATMs were very hard to find in developed markets other than Brazil, India and Japan.
PYMNTS
MARCH 20, 2019
Truth exists in the gaps. Yes, that sounds like a lazy stab at wisdom — more like a parody of a pretentious mission statement than anything worth the attention of PYMNTS readers — but those five words do, indeed, say so much. For instance, why are there significant, revenue-draining gaps between what merchants think about payments innovation and what they actually do?
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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.
Payments Source
MARCH 20, 2019
Legislation banning shops from refusing to accept cash has moved swiftly this year. But this trend is running head-on against retail models like Amazon Go, which are built from the ground up to operate without cash.
PYMNTS
MARCH 20, 2019
The average North American consumer is projected to have access to 13 networked devices by 2021, while the typical global user will have access to four. As consumers add to the number of connected devices in their possession, they expect a seamless user experience as they shift from one device to the next. The increasing connectivity of devices means there’s a greater need for authentication solutions that keep their digital identities consistent.
Insights on Business
MARCH 20, 2019
The internal audit program is critical to any organization that intends to provide efficient, compliant and safe services to its clients. Internal audit provides independent, objective assurance over an organization’s risk management, internal control, governance and the processes in place for ensuring effectiveness, efficiency and economy. It has proven to be a valuable tool for effectively managing business risk and improving organizational performance.
PYMNTS
MARCH 20, 2019
Women spend a lot of time shopping for clothes each year — by some estimates some 200 hours, or about 8.3 days. Interestingly, though, they aren’t wearing all the clothes they spend so much time looking for: about 20 percent of new clothes go immediately to a closet where they remain, unworn, until they are sent on to a landfill. It’s a staggering amount of waste — and a criminally inefficient process according to Armoire CEO Ambika Singh.
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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.
Bobsguide
MARCH 20, 2019
A lack of automation in accounting and payroll systems has resulted in firms struggling to reconcile data – which could lead to data and security issues, says Modulr CEO, Myles Stephenson. “The fact that the end customer or the accountancy practice has to deal with that.
PYMNTS
MARCH 20, 2019
Cash may never really die, but that doesn’t mean speed enabled by digital technology isn’t playing a varied role in payment change and innovation. As things change, computers are rendered obsolete — what, then, happens to databases ? Real, lasting change also is shaped by the deals made among payment services providers. And new technologies deployed to what often amounts to the back corners of payments and commerce also promise future innovation. .
Payments Source
MARCH 20, 2019
As growth slows in key markets, Starbucks Corp. is funding a new investment arm with $100 million to identify and tap into companies that are developing new technology and products related to food and retail.
PYMNTS
MARCH 20, 2019
Google has launched its cloud gaming platform, a service called Stadia , with the introduction coming as payments is commanding a bigger role in online and mobile games. Boasting that “the future of gaming is not a box,” Google said players using the Stadia cloud-based streaming service can “play across multiple devices, including laptops, desktops and select phones and tablets.
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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.
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