Bank Innovation
JANUARY 30, 2018
EXCLUSIVE – If the future of banking is partnering with fintech startups, then finding the most innovative and efficient fintechs becomes crucial for banks’ success. This demand has led to the rise of third-party run accelerator programs. One such program is Little Rock, Ark.-based The Venture Center’s FinTech Accelerator program, which is backed by financial […].
Chris Skinner
JANUARY 30, 2018
I was recently recorded on Roger Edwards’ podcast talking about FinTech, cryptocurrency and corporate change. Roger is a marketing strategist focused upon the insurance industry, and produces regular podcasts about said subject. You can checkout his website here, and here’s the low-down of our chat: On the show this week, I … The post FinTech, cryptocurrency and corporate change appeared first on Chris Skinner's blog.
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Bank Innovation
JANUARY 30, 2018
South Africa’s Reserve Bank today unveiled a fintech unit. The unit, which consists of only three members right now, will pay attention to developments in areas like payments, lending and insurance among other things. The unit will report to Deputy Governor, Francoise Groepe. Based on a Finextra report, Groepe said of the fintech unit: Given […].
Chris Skinner
JANUARY 30, 2018
Things we’re reading today include … Borrowers ignoring mortgage timebomb, says FCA UBM chiefs in line for £11.3m payday Google and Facebook set off a second wave of fintech talent Ireland: Financial Services Report into misconduct by RBS will be made public, says watchdog RBS boss admits restructuring ‘mistake’ HullCoin: … The post Things worth reading: 31st January 2018 appeared first on Chris Skinner's blog.
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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
JANUARY 30, 2018
EXCLUSIVE—Online lender Kabbage has enlarged its small business line of credit, now offering clients lines up to $250,000, the company announced today. Kabbage anticipates that businesses will use the funds for technology investment, the company stated in today’s release. Victoria Treyger, chief revenue officer for Kabbage, told Bank Innovation in an email: Customers use Kabbage […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
JANUARY 30, 2018
EXCLUSIVE— Collaborative blockchain company Hyperledger has made Hyperledger Sawtooth, the second of its active projects to reach a 1.0 version status, available to developers, banks, and other companies wishing to experiment with it, the company announced today. While its older cousin, Hyperledger Fabric, has enabled scores of developers and companies to work on blockchain projects […].
PYMNTS
JANUARY 30, 2018
Modern consumers want it all: free shipping, live site support, product reviews, many types of payment acceptance and, especially, quick checkout times. If they don’t get what they want, they’re likely to walk — or, well, click — away. Last year, all those clicking consumers, frustrated by slow and complicated checkout procedures, took $200 billion in potential revenue with them.
Bank Innovation
JANUARY 30, 2018
Cross-border payments company Western Union is opening a technology center in India, which will focus on biometrics, machine learning, and robotics, the company announced yesterday. The center, located in Pune, Maharashtra, will have over 1,000 employees all focused on building these “innovative digital and retail customer experiences globally,” the company said in a press release. […].
Payments Dive
JANUARY 30, 2018
It's time for a look back at January's most-read articles and blog posts on Mobile Payments Today.
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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
Bank Innovation
JANUARY 30, 2018
EXCLUSIVE- Anju Patwardhan, managing director at CreditEase Fintech Investment Fund, has joined the speaker faculty for Bank Innovation 2018, which takes place March 5-6 in San Francisco. A 2016 Fulbright Fellow at Stanford University, Patwardhan is managing director with CreditEase China for its global Fintech Investment Fund ($1 billion) and Fund of Funds, as well […].
PYMNTS
JANUARY 30, 2018
Volusion , the eCommerce platform catering to small businesses (SMBs), announced news on Tuesday (Jan. 30) that it’s partnering with Apple Pay to create a “Buy Now” button for its merchants. In a press release, Volusion said merchants can now accept Apple Pay , eliminating the need for customers to enter their payment, shipping or contact information every time they make a purchase online.
Bank Innovation
JANUARY 30, 2018
Japanese authorities are investigating all cryptocurrency trading after last week’s hacking of cryptocurrency exchange Coincheck. According to a Reuters report, yesterday the Financial Services Agency (FSA) ordered improvements to operations at Coincheck. Last week, hackers stole 58 billion ($534 million) of NEM coins from the exchange. Since then, Coincheck has halted all cryptocurrency trading except […].
PYMNTS
JANUARY 30, 2018
As Spanish fast-fashion retailer Zara renovates its flagship store in a London mall, it has come up with an innovative solution to sell to customers: opening a digitally enhanced pop-up store in the same building, industry news source Chain Store Age reported. The 2,150-square-foot location will feature both women’s and men’s clothing, but with a unique twist: All merchandise will only be available for online purchase.
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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.
Bank Innovation
JANUARY 30, 2018
Paris-based startup Spendesk has raised $9.9 million to expand its corporate expense reporting platform across Europe, it was announced today. As a platform service that aggregates all employee expenses into one space, Spendesk uses prepaid cards in tandem with its expense report solution in order to track employee spending. Clients can define their own set […].
PYMNTS
JANUARY 30, 2018
Amazon’s entry into a new market is rarely considered good news in the world of retail. Blue Apron was already having difficulty keeping investors calm. But when the eCommerce giant announced a rendezvous into the meal kit space in August of 2017, the recently public meal kit delivery startup began a (now many months-long battle) to get its stock price back above $3.
Bobsguide
JANUARY 30, 2018
Fintech firms and blockchain based technology are sometimes cast as the enemies of the traditional financial services industry – but my prediction is that in 2018, that will be proved to be a misconception. Hedge funds, investment banks, stock traders and fund managers have a long history.
PYMNTS
JANUARY 30, 2018
Eyeing weak demand, tech giant Apple has cut production for its iPhone X planned for the current quarter. The Wall Street Journal reported news on Tuesday (Jan. 30) that production cuts mean that the firm will make 20 million iPhone X devices in the period, half of what had been planned. The financial publication quoted unnamed people “familiar with the matter” and added that component orders had been slashed by 60 percent.
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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
JANUARY 30, 2018
Last week many of the brightest minds in the blockchain development community gathered to share ideas on the technology’s future across a broad range of industries. As was the case in 2017, the widespread opinion continued to be that financial services is a key target industry for.
PYMNTS
JANUARY 30, 2018
Fashion rental subscription service Le Tote announced today (Jan. 30) its entry into the highly competitive Chinese market, making it the first U.S. subscription service to enter that market. Le Tote China is reportedly in beta, according to a press release , and will open to the public in the spring. Rakesh Tondon, Le Tote CEO and co-founder, explained that regulatory restrictions are strict in the region, making such expansions difficult.
Bobsguide
JANUARY 30, 2018
Colin Goldstein, Head of Strategic Partnerships at iwoca and Alan Walsh, Head of Network & Partnerships at Bud, sit down with bobsguide to talk PSD2, collaboration and why banks should be scared of the tech giants. What is your role in the world of financial services? iwoca: We’re on.
PYMNTS
JANUARY 30, 2018
New products, partners, and certifications will pave the path to growth for startup Amaryllis in 2018. CEO Mark Bishopp said it will be a “year of getting the word out” through tour stops, virtual CEO talks, and collaborations with some of the biggest names in acquiring and business sponsorship. The new products include a full-service underwriting management system and instant payout for rideshare and similar businesses.
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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
JANUARY 30, 2018
2018 is underway, and that means we are obligated to make deep, insightful predictions for the next 12 months. While there is much to draw from, our predictions focus on the following: a) Payments fraud. b) Faster payments. c) Hedging. d) Lease accounting. e) CISO and treasury. f).
PYMNTS
JANUARY 30, 2018
In an effort to stop an “illegal offering of securities,” the U.S. Securities and Exchange Commission (SEC) has filed a complaint against a Dallas-based financial firm seeking to launch what might be the largest initial coin offering (ICO) in history. In addition, the agency was able to freeze the company’s assets and those of its two co-founders, CNBC reported.
Payments Source
JANUARY 30, 2018
Although some companies have started to integrate cross-channel marketing as a core element of their strategy, most still haven’t realized the opportunity at stake, writes Lisa Paccione, vice president of sales for Syniverse.
PYMNTS
JANUARY 30, 2018
Today in PYMNTS’ data, online merchants are missing out on billions in potential revenue, companies are merging in the quest for scale and actionable data, controversial initial coin offerings (ICOs) have lost millions to security and other issues, the government is still using paper to process millions of invoices and rising numbers of interchange rates are creating a race to the bottom.
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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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