Bank Innovation
FEBRUARY 9, 2018
EXCLUSIVE— Banks are juggling a lot of change when it comes to the world of payments, but in order to be successful, banks should avoid getting bogged down in one specific technology trend, BNY Mellon told Bank Innovation. Michael Bellacosa, head of global payments product management with BNY Mellon, told Bank Innovation in an emailed […].
Chris Skinner
FEBRUARY 9, 2018
I just got The Banker magazine’s February issue discussing the top banking brands of the world. Timely, as I have been talking about trust and brands this week. In particular, I guess I was surprised the Chinese banks are the strongest brands across the board in 2018, with the top … The post Who has the most valuable bank brand? appeared first on Chris Skinner's blog.
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Bank Innovation
FEBRUARY 9, 2018
Coinsquare, a Canadian cryptocurrency exchange, has raised $30 million in equity financing in order to help expand its growth, the company announced today. The money will be used for new hires and for the implementation of a “diversification strategy” for its platform focused on customer needs, the company stated today in a press release. The […].
Payments Dive
FEBRUARY 9, 2018
Financial Software and Systems (FSS), a leader in payments technology and transaction processing, is betting big on its recently launched FSSPay, an omni channel agnostic plug-in, which supports multiple international and local payment methods.
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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
Bank Innovation
FEBRUARY 9, 2018
EXCLUSIVE – Canada is on a five-year plan to revamp its payment infrastructure, as of 2016. Bank of Montreal has tapped real-time solutions provider ACI Worldwide to prepare it for these changes, Bank Innovation has learned. For the U.S., BMO is working with the Naples, Fla.-based ACI to integrate with Zelle, the bank-backed P2P payments […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
FEBRUARY 9, 2018
Major Nordic banks are coming together to explore the possibility of a regional cross-border payment infrastructure between the different Nordic countries of Sweden, Denmark, Finland and Norway. These banks include Danske Bank, DNB, Handelsbanken, Nordea, OP Financial Group, SEB and Swedbank. In a statement released by the banks today: The Nordic payment markets are among […].
Payments Dive
FEBRUARY 9, 2018
Stormy Mauri, vice president and product manager at Washington Trust Bank, talks about the challenges banks face going forward.
Bank Innovation
FEBRUARY 9, 2018
Boston-based Radius Bank, along with its NYC-based partner Mantl, has opened a digital account opening platform, the bank announced. This platform allows users to reduce the time it takes to open a new bank account to under four minutes, the bank said. The platform, which was built in August 2017, has also allowed Radius to […].
PYMNTS
FEBRUARY 9, 2018
Corporate T&E company Certify is integrating payment capabilities provided by Western Union to enhance its global reimbursement and supplier payment offering. The companies announced in a press release sent to PYMNTS on Thursday (Feb. 8) that they formed a partnership that allows businesses using Certify to facilitate employee reimbursements and supplier payments across borders, with transactions powered by Western Union.
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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
Bobsguide
FEBRUARY 9, 2018
Gone are the days when individuals would rely on traditional methods of payments, such as cash and cheques. The advent of computers and mobiles have not only changed the way we work, but also how we manage our financial aspects and payments. The ever changing and evolving technologies have also led.
PYMNTS
FEBRUARY 9, 2018
In 2017, cryptocurrency startups raised $5.6 billion through ICOs (initial coin offerings, a fundraising strategy by which creators of digital coins and tokens like bitcoin and Ethereum sell their tokens to investors in order to fund the currency’s launch). With so many ICOs underway, one might say the cryptocurrency space has quickly grown oversaturated – or at the very least, overwhelming.
Payments Source
FEBRUARY 9, 2018
Even today, as mobile and e-commerce payment options flood the market, few companies are willing to do away with cash acceptance. But a handful of brands have launched cashless locations, taking a bold step into a future where cash is no longer king.
PYMNTS
FEBRUARY 9, 2018
This week, in honor of the Big Sizzle – Amazon’s announcement that it would be offering grocery delivery directly from Whole Foods – we thought we would give our readers a chance to take a special quiz. “ THUD”. The above is the sound of…. . The other shoe. dropping on Amazon’s August 2017 Whole Foods purchase. . . The stock prices. of Walmart, Kroger, Target and Publix all crashing at once. . .
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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.
Payments Source
FEBRUARY 9, 2018
In a move to support its business-to-business payments platform, Visa has agreed to acquire software provider Fraedom.
PYMNTS
FEBRUARY 9, 2018
WhatsApp is testing a payment ability in India which will enable users to send money to other users of the mobile app. Citing sources familiar with the company’s plan, TechCrunch reported the service is currently in beta tests. WhatsApp has opted not to make an official announcement yet because the service isn’t available on a wide basis. WhatsApp’s payment solution takes advantage of the Unified Payments Interface (UPI) in India and includes support from a handful of banks, including State Bank
Payments Source
FEBRUARY 9, 2018
ATM jackpotting is a crime in which technology is manipulated to get the machine to dispense all the money it has. Unlike most cyber crime, it requires physical access, which increases the chances of getting caught.
PYMNTS
FEBRUARY 9, 2018
Corporates are now in a race to develop and deploy blockchain tools — and sure, part of the momentum behind that effort is the recognition that blockchain technology can lead to greater efficiency and speed in an array of business processes. But much of that effort is also due to the heightened sense of competition and urgency: The ability to tell stakeholders and industry rivals that blockchain is, in some way, already in use within an organization can certainly provide a competitive edge.
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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.
Bobsguide
FEBRUARY 9, 2018
Everything you need to know about SWIFT gpi. With SWIFT announcing its new SWIFT gpi network, extensively covered at Sibos 2017, we’ve pulled together an overview and the best SWIFT gpi articles on bobsguide. Sibos 2017: The emergence of SWIFT gpi and the future of correspondent banking.
PYMNTS
FEBRUARY 9, 2018
In the future, consumers will come to malls — but they may not come to a large department store with a savings pass in hand. They will be seeking to rewind, relax — and not necessarily search for the latest fashions. As a result, malls and retailers have to rethink how malls are set up and designed. “The key is to control the shopper’s journey and direct the consumer to the proper place, and malls will transition from anchors to attractions,” A.T.
Payments Source
FEBRUARY 9, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: WhatsApp expands in India; New skimming attack; Tap for Change enters the fundraising space; Hotels wear a bullseye for malware.
PYMNTS
FEBRUARY 9, 2018
April 15, the day that Visa’s new chargeback rules go into effect, has stirred up a lot of anxiety for merchants – but for the startup Chargehound , it’ll be just another day. Merchants who respond to chargebacks manually are pulling their hair out as they picture 30 percent shorter deadlines and more stringent rules around what qualifies as evidence.
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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.
NCR
FEBRUARY 9, 2018
What will the year ahead hold for the banking sector? While there are all sorts of suggestions for what banks will need to look out for in 2018, one factor that they may need to pay particularly close attention to is the rise of a new type of competitor – one that will already be familiar to most customers. In 2018, it is big technology firms – the likes of Facebook, Amazon and Google – that are expected to have a major impact on the financial services market.
PYMNTS
FEBRUARY 9, 2018
Two years after legislators in New Hampshire decided that they would not allow their citizens pay their taxes with bitcoin, the Arizona state legislature is mulling a bill that would pave the way for people to pay their Arizona taxes with cryptocurrencies, Coindesk reported. In January, Arizona lawmakers had submitted a bill that would allow taxpayers to use bitcoin – and other cryptocurrencies – to pay “tax and any interest and penalties” to the Arizona Department of Revenue.
Payments Source
FEBRUARY 9, 2018
Companies like Amazon are increasing customer expectation, and traditional issuers could lose out if they don't respond, according to FIS' Sona Jepsen.
PYMNTS
FEBRUARY 9, 2018
In an effort to boost business, Trivago plans to expand its customer base to include independent hotels and other alternative accommodation types. The decision comes as the hotel search site’s two biggest customers – Expedia and Priceline –have slashed prices on what they will pay per click. In an interview with Reuters , CEO Rolf Schrömgens said that Trivago is “broadening the offering of hotels and accommodations, which includes all alternative accommodations.”.
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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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