Payments Dive
OCTOBER 6, 2017
While there are pros and cons to a bank forging its own way with mobile payments outside the Pays, industry executives on a panel last month at the Bank Customer Experience in Chicago agreed financial institutions should be aware of, and explore, all developments in the industry.
Chris Skinner
OCTOBER 6, 2017
I just spotted that Gartner have made a series of ten bold predictions for IT 2018 and beyond. They are summarised nicely by Forbes and are: By 2021, early adopter brands that redesign their websites to support visual- and voice-search will increase digital commerce revenue by 30%. Gartner has found that … The post The next ten years of technology from Gartner and Skinner appeared first on Chris Skinner's blog.
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Bank Innovation
OCTOBER 6, 2017
Electronic Payments Association NACHA has named the first five APIs, chosen from a list of 16, that it will be developing in its efforts to further advancements in payments and digital finance. These APIs were chosen from a larger list that included several categories for potential development, including some that aimed to reduce fraud and […].
PYMNTS
OCTOBER 6, 2017
The Electronic Payments Association and the Payments Innovation Alliance announced Wednesday (Oct. 5) that it released a Meeting Summary Report and Overview Document from the latest meeting of the API Standardization Industry Group. In a press release , the groups said the API Standardization Industry Group, which was formed in spring of 2017, is aiming to standardize the use of APIs in the U.S. financial services industry.
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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
OCTOBER 6, 2017
Xinhua News reports that consumers in China’s third-party mobile payment market spent a total of $3.46 trillion (23 trillion yuan) in mobile transactions during the second quarter of 2017 alone. This represents a 22.5% increase from the first quarter of this year. There are currently 724 million mobile users who call China home, and about […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
OCTOBER 6, 2017
United Kingdom-based robo-advisor Moneyfarm will be implementing artificial intelligence technology into its services, by using technology created by fintech chatbot Ernest. The robo-advisor has acquired the technology behind the chatbot, the companies announced today. This is not to be confused with Earnest the student lender, which was just acquired by student loan company Navient yesterday […].
PYMNTS
OCTOBER 6, 2017
On Thursday (Oct. 5), Alenka Grealish, senior analyst at Celent, penned an article for American Banker with a prediction: The small business (SMB) credit space is headed for a “shake-up.” The small business loan market is oversaturated, she argued, creating a “FinTech credit bubble” that first showed signs of deflating as investors pulled out of some players like CAN Capital and LendingClub in 2016.
Bank Innovation
OCTOBER 6, 2017
EXCLUSIVE— Providing “conversational banking” isn’t quite as easy now that most customer conversations take place over digital, which is why multiple banks have turned towards chatbots and AI. Take TD Bank, which announced this week that it would be leveraging KAI Banking, the “conversational AI platform” developed by Kasisto, within its mobile banking app.
PYMNTS
OCTOBER 6, 2017
Two Indian alternative lenders are partnering up to target the nation’s small- and medium-sized businesses (SMBs). Reports in The Economic Times on Thursday (Oct. 5) said Tata Capital and Capital Float are teaming up, a deal in which Tata Capital will provide working capital loans to SMBs borrowing through Capital Float’s platform. The companies have also developed a new solution, the “Pay Later” offering, that enables companies to borrow, based on a credit limit, for up to a year.
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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
OCTOBER 6, 2017
At our consultancy, we are seeing more and more big clients looking at using distributed ledger technologies to change and eventually substitute existing business processes with enhanced alternatives, and it clearly shows that the market for distributed ledger technologies grows over time.
PYMNTS
OCTOBER 6, 2017
Looks like Jessica Alba’s co-founded Honest Company might be in a bit of honest trouble. According to emerging news reports, the five-year-old home and body care product company is looking to raise $75 million in new Series D venture capital funding at $19.60 per share, according to a Delaware filing first spied by CB Insights and reported by Axios.
Let's Talk Payments
OCTOBER 6, 2017
When I was first doing research on the non-financial use cases of blockchain technology with particular examples to continue our diligent following on how it can be applied in FinServ and.
PYMNTS
OCTOBER 6, 2017
United Parcel Service and FedEx stocks were under pressure Thursday (Oct. 5) after reports surfaced that Amazon is testing its own delivery service to reduce congestion in its warehouses and offer more products for free two-day shopping. First reported by Bloomberg , citing people familiar with the plan, the service is being called Seller Flex internally, which was initially launched by Amazon in 2015 in India.
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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.
Let's Talk Payments
OCTOBER 6, 2017
Investments in FinTech are breaking all records in the past few years. New solutions are coming from everywhere, and consumers are switching to them faster than ever. In the center.
PYMNTS
OCTOBER 6, 2017
Digital payments and cryptocurrencies like bitcoin may be getting all the attention, but that doesn’t mean cash doesn’t still reign supreme. At least, that’s the case in England anyway, with Bank of England ’s (BOE) Chief Cashier Victoria Cleland adamantly stating that “cash is not in decline.”. Cleland made the remarks at the Future of Cash Conference in Vienna, Austria, on Oct. 5, continuing the argument that, despite the fact that non-cash purchases and transactions are on the rise in the U.
Payments Source
OCTOBER 6, 2017
The digital era is changing a lot of habits, including dining. Mobile devices and other technologies now play a vital role in bringing patrons into coffee shops, fast food restaurants and sit-down establishments.
PYMNTS
OCTOBER 6, 2017
Cash is thriving, despite the emergence of bits and bytes. That statement may come as a surprise against a backdrop where digital wallets and eCommerce have grabbed their share of headlines and acclaim in the payments world. But as readers in this space know, the move to cashless is not a done deal, nor is it written in the cards (no pun intended). A recent whitepaper by Cardtronics , in partnership with Edelman Intelligence for its 2017 Health of Cash study , has been titled “ In a Digital Worl
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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.
Let's Talk Payments
OCTOBER 6, 2017
MEDICI now! Startup Stories highlights the companies that are shaping the new financial technology industry. Keep an eye out each week for new stories! If you or someone you know.
PYMNTS
OCTOBER 6, 2017
“Smart House” used to be just a Disney Channel Original Movie; perhaps you watched it back in good old 1999, or remember having kids who watched it. After losing his mother to an ice skating accident, the 13-year-old hero wins his family a house that is fully automated by an artificial intelligence (AI) named Pat. Thanks to some reprogramming efforts by the protagonist, Pat soon becomes too intelligent and morphs into an overbearing mother figure who eventually traps the family inside, deeming t
Let's Talk Payments
OCTOBER 6, 2017
MEDICI now! Startup Stories highlights the companies that are shaping the new financial technology industry. Keep an eye out each week for new stories! If you or someone you know.
PYMNTS
OCTOBER 6, 2017
When it comes to advancements in robotics and artificial intelligence (AI), new research finds that Americans are more worried than excited about what this new technology means for them. A Pew Research Center survey of 4,135 U.S. adults presented respondents with four different scenarios relating to automation technologies, including the development of autonomous vehicles that can operate without the aid of a human driver and a future in which robots and computers can perform many of the jobs cu
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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.
Payments Source
OCTOBER 6, 2017
The information you need to start your day, from PaymentsSource and around the Web. Today: Post-Equifax breach legislation draws bipartisan support; Circle's new blockchain payment system; More mobile pay incentives from India; Nacha's first API standards; Monzo runs out of cards.
PYMNTS
OCTOBER 6, 2017
From groceries to high fashion, there’s no shortage of subscription commerce services today. When it comes to services that consumers prefer the most, though, it’s not the ones offering cheaper plans, but the ones offering the most plan options. According to data contained inside the latest PYMNTS.com Subscription Commerce Conversion Index™, a Recurly collaboration, the best subscription services are giving customers a wide selection.
Bobsguide
OCTOBER 6, 2017
In recent weeks, there appears to have been a change in the BoE’s ‘reaction function’ The minutes from September’s MPC meeting highlighted that the majority of committee members believe that “some withdrawal of stimulus was likely appropriate over the coming.
PYMNTS
OCTOBER 6, 2017
Russia is alleging that a Greek court’s decision to extradite a suspected Russian money launderer to the United States is a violation of international law. According to news from Reuters , Russia has given its own extradition request. Its Ministry of Foreign Affairs announced that the submission should take priority because the suspect, Alexander Vinnik, is a Russian citizen.
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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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