Bank Innovation
JANUARY 8, 2020
While chip cards are becoming a mainstay at brick-and-mortar retail checkouts, gas pump payment technology lags behind. Visa and Mastercard have given U.S. gas station owners until October of this year to upgrade pumps to accept EMV chip cards, rejecting a deadline extension request from the Merchant Advisory Group. Gas station operators who fail to […].
Chris Skinner
JANUARY 8, 2020
As a regular BA traveller, I’m always pleased to pick up their magazine Business Life as it often has some interesting articles. This year, the magazine has a great write up of forecasts for things that will happen in the 2020s by Tim Hulse. Here are his top 10 things … The post 2020: a decade in technology appeared first on Chris Skinner's blog.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Bank Innovation
JANUARY 8, 2020
Citigroup Inc. is teaming up with an online platform to make credit investments normally reserved for hedge funds and billionaires available in small slices to legions of individual investors. A partnership announced by the bank and YieldStreet Inc. on Wednesday will make about $2 billion of assets available to the platform’s mass affluent investors, according […].
Chris Skinner
JANUARY 8, 2020
Things we’re reading today include … Pension funds urge Barclays to stop lending to fossil fuel firms World Bank warns on global growth World Bank warns of global debt crisis amid borrowing buildup What’s at the heart of a credit score that can ruin a life SEC drops insider trading … The post Things worth reading: 9th January 2020 appeared first on Chris Skinner's blog.
Advertisement
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
Bank Innovation
JANUARY 8, 2020
Tencent Holdings Ltd. and China UnionPay Co. will soon unify the mobile codes that consumers scan to pay for purchases, granting the Chinese central bank-backed network a bigger foothold in a $27 trillion payments arena. Tencent and UnionPay have agreed to integrate their QR code systems, allowing their respective customers to transfer or spend money using […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
JANUARY 8, 2020
CIT Bank hopes to beef up its outreach to homeowners associations through its Mutual of Omaha Bank acquisition, which closed last week. The bank, which announced its intent to acquire Mutual of Omaha in August for $1 billion in cash and stock, said it intends to use Mutual of Omaha’s technology to create low-cost deposit […].
PYMNTS
JANUARY 8, 2020
The central bank in China said it has accepted an American Express application to start working in the country, according to a report by Reuters. The news was released in a social media post by the official People’s Bank of China (PBOC) account on Wednesday (Jan. 8). The post did not say when Amex would start operations in the country. In November of 2018, Amex got approval to clear card payments by the PBOC , making it the first company of its kind to get access to what will become the largest
Accenture
JANUARY 8, 2020
If you are wondering what 2020 possibly has in store for equipment lending and leasing companies, here are my top five predictions based on new market and technology trends now on the horizon. 1. The rise of the digital workforce The pivot to the future will likely bring an increase in both the digital share…. The post Five predictions for equipment finance companies in 2020 appeared first on Accenture Banking Blog.
PYMNTS
JANUARY 8, 2020
The development of digital identity solutions shows no signs of slowing in the new decade, with the mobile biometrics market expected to add $28.45 billion per year in incremental growth between 2018 and 2023. Facial authentication and cloud-based subscription services are particularly popular, with applications ranging from unlocking personal smartphones to providing secure access to top-secret government facilities.
Advertisement
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
Jack Henry
JANUARY 8, 2020
The beginning of a new year – especially a new decade – is a time of reflection. Looking back, 2019 was a tremendous year filled with insightful blog posts written by some of the industry’s finest thought leaders. We look forward to what new topics 2020 will bring – and in the meantime, would like to take a look at some of the top posts from 2019.
PYMNTS
JANUARY 8, 2020
No one knows just what Brexit will mean for commerce, for international trade, for currencies across the Continent. The only certainty is that the effects will be far-reaching. We’re about to find out what it all means, of course, as the beginning, well, begins. After nearly three years in the making, and barring any unforeseen events, Brexit will dawn at the end of the month.
Payments Source
JANUARY 8, 2020
The annual Consumer Electronics Show, taking place in Las Vegas, is a showcase of bizarre and revolutionary new technologies — with a few providing glimpses into the future of fintech and payments.
PYMNTS
JANUARY 8, 2020
Researchers have reported concerns about the timely importance of addressing deep fakes and other types of digital deception amid the backdrop of the upcoming presidential election. . The House’s Subcommittee on Consumer Protection and Commerce heard digital experts, as well as a representative from Facebook, testify in regards to the measures tech firms are using to fight against deepfakes, and what further actions should occur at the federal level, CNBC reported Wednesday (Jan. 8).
Advertisement
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.
Payments Source
JANUARY 8, 2020
So far this year, Lloyds and Clydesdale and Yorkshire Banks have had payment failures in the U.K. And in the U.S., a software glitch at parking technology vendor Parkeon halted digital payments at meters in New York and other cities.
PYMNTS
JANUARY 8, 2020
Square ‘s mobile card reader undoubtedly made a significant impact on the mobile point-of-sale ( mPOS ) market, and kick-started a slew of recent innovations to broaden the ability for small to medium businesses (SMBs) to accept payments just about anywhere. However, mom-and-pop shops and small kiosks selling to consumers aren’t the only kinds of companies in need of mobile payment-acceptance technology.
Payments Source
JANUARY 8, 2020
Facebook Pay's relatively limited scope has raised less opposition than the company's crypto project, argues Infinite Convergence's Anurag Lal.
PYMNTS
JANUARY 8, 2020
Call it, perhaps, a New Year’s Resolution list — for regulators. In documents released Tuesday (Jan. 8), the Securities and Exchange Commission ’s (SEC’s) Office of Compliance and Examinations (OCIE) offered up a list of its priorities for the year that has just dawned. The list offers up a bit of a roadmap, perhaps, into where we might see change on a number of fronts.
Advertisement
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.
Tom Groenfeldt
JANUARY 8, 2020
Azlo, which calls itself the first digital banking platform for business, is a fee-free business bank that is part of BBVA.
PYMNTS
JANUARY 8, 2020
It will pay to watch how the insurance industry undergoes innovation and disruption in the coming decade, thanks in part to digital tech, faster disbursements and even more focus on policies crafted for small and medium-sized businesses. The latest evidence in favor of that point comes from Aon. News broke this week (Jan. 7) that the professional services firm has completed its acquisition of CoverWallet, a digital insurance platform that caters to SMBs.
American Banker
JANUARY 8, 2020
Though she stopped short of mentioning the FDIC and OCC by name, Fed Gov. Lael Brainard objected to several key elements of those agencies' proposal.
PYMNTS
JANUARY 8, 2020
The excitement of the winter holidays is over, and that leaves only one thing: the annual bout of existential dread that comes from all of the cold, snow and ice. Nah, we don’t really mean that. What the first few weeks of the year really mean — at least according to us cheerful, idealistic folks here at PYMNTS — is that it’s time to plan for the trips and vacations that will take place over the next year.
Advertisement
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.
Payments Source
JANUARY 8, 2020
Tencent Holdings Ltd. and China UnionPay Co. will soon unify the mobile codes that consumers scan to pay for purchases, granting the Chinese central bank-backed network a bigger foothold in a $27 trillion payments arena.
PYMNTS
JANUARY 8, 2020
The central bank in China said it has accepted an American Express application to start working in the country, according to a report by Reuters. The news was released in a social media post by the official People’s Bank of China (PBOC) account on Wednesday (Jan. 8). The post did not say when Amex would start operations in the country. In November of 2018, Amex got approval to clear card payments by the PBOC , making it the first company of its kind to get access to what will become the largest
Payments Source
JANUARY 8, 2020
Businesses have to ensure they're not losing money on the currency exchange, and volatility in the local market could upset their earnings or pricing structures in those areas, says Rapyd's Joel Yarbrough.
PYMNTS
JANUARY 8, 2020
Amazon is planning to launch a luxury fashion platform in the first half of this year, according to reports. This isn’t Amazon’s first attempt at breaking into the luxury fashion market – the retail giant originally started trying in 2012, but was not successful. Part of the problem the eCommerce brand’s image. Amazon struggles to sell high-end items next to rote objects like discount flashlights and bookshelves.
Advertisement
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.
Expert insights. Personalized for you.
259 
Let's personalize your content