Bank Innovation
OCTOBER 5, 2017
EXCLUSIVE— Innovation is a tricky business. You want your bank to onboard customers on mobile devices, for example (good idea!) but what is the best way to do that? An imperfect implementation could lead to major problems. There are many ways to go about exploring this — you can read the research, you can compare notes […].
Chris Skinner
OCTOBER 5, 2017
I was talking about space exploration with a colleague the other day. They looked at me rather incredulously and wondered if I was a little bit barking mad. No, I’m quite serious, I explained, and put the case for the view that my children will be astronauts. Now I have … The post 100 years from now, will we look back and think how ignorant we were?
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Bank Innovation
OCTOBER 5, 2017
The French telecom company Orange is launching an online bank, after rolling back the launch of the service for several months. The launch of the service, known as Orange Bank, will take place on November 2nd; this follows the postponements of its initial launch, which was scheduled for July 6th of this year. Orange CEO […].
Payments Dive
OCTOBER 5, 2017
The rise of 'Scan and Go' technology, coupled with other industry developments, is helping retailers to overhaul the buying experience that they offer their customers. So, what do retailers need to know about Scan and Go, and what are its benefits?
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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 5, 2017
The White House and Equifax, admittedly two of the nation’s least trusted institutions at the moment, agree that social security as unique identifiers have to go. Equifax, which stored basically everybody’s unencrypted SSNs on its network without their permission and then was hacked, leaking more than 145 million people’s personal information, leading to the ouster […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
OCTOBER 5, 2017
A coming upgrade to the Ethereum blockchain would allow transactions, not just users, to remain private on the network. Similar to bitcoin’s network, users on the Ethereum blockchain remain anonymous—transactions however did not, as they were authenticated by allowing everyone participating in the network to see them. The incoming upgrade, which implements what is known […].
Abrigo
OCTOBER 5, 2017
Ancin Cooley, CIA, CISA, of Synergy Bank and Credit Union Consulting , recently presented at the 2017 Sageworks Risk Management Summit on the Perspectives of Lending Dysfunction: Loan Officers, Credit Analysts and Loan Reviewers. According to Cooley, the major cause of dysfunction between the lending department and credit risk function is an inability to see or appreciate the other function’s perspective.
Bank Innovation
OCTOBER 5, 2017
EXCLUSIVE– If you are a crypto enthusiast, or an investor curious about how the following months will affect the value of your ether, then Casper is a project you should know about. The proposed alteration to Ethereum’s blockchain would change the proof-of-work consensus system to a proof-of-stake consensus system. It has yet to be implemented, […].
PYMNTS
OCTOBER 5, 2017
Seattle-based Amazon’s long-rumored delivery service — and feared disruptor of FedEx Corp. and the United Parcel Service (UPS) — may actually be coming soon, according to Bloomberg. Reports emerged this week that Amazon is testing the service as part of its push to expand free two-day delivery offerings and solve its warehouse overcrowding problem.
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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
OCTOBER 5, 2017
EXCLUSIVE— Will the popularity of the QR code in China eventually make its way to the United States, the United Kingdom, and other Western markets? It could, with a little push from Alipay. The mobile payment service, which uses QR codes at the point-of-sale, has been increasing its partnerships with U.S., U.K., and European merchants […].
PYMNTS
OCTOBER 5, 2017
Paying with your smartphone is OK, but having the option to pay with any device you want — phone, smartwatch, fitness tracker, key fob — all while enjoying the confidence that the transaction is equally secure no matter which method you choose — now that’s the consumer way. Options and convenience are two tried and true methods for winning users in the technology world, and those are exactly what FitPay and NXT-ID aim to offer.
Let's Talk Payments
OCTOBER 5, 2017
According to the report by Federal Reserve, Americans had $1.021 trillion in outstanding credit card debt in June 2017. This represents the largest amount of outstanding revolving credit in US.
PYMNTS
OCTOBER 5, 2017
Commerzbank is the latest financial institution to join the blockchain-fueled trade financial initiative launched by UBS and IBM, according to Reuters news reports on Wednesday (Oct. 4). Bank of Montreal, Erste Group Bank and CaixaBank have also jointed the effort, which has culminated in the launch of the Batavia platform to help banks and their corporate clients streamline trade finance processes.
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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 5, 2017
In the ever so evolutionary space of FinTech, the journey of a market starts with payments and slowly moves on to lending and so on. They come in various shapes.
PYMNTS
OCTOBER 5, 2017
In corporate finance, automation changed the game. Accountants and other financial professionals once tasked with manual processes and number-crunching were freed up to focus on more strategic initiatives. But there’s a new FinTech trend that wants to empower financial execs even more, with some players acknowledging that basic automation falls short.
Let's Talk Payments
OCTOBER 5, 2017
YES BANK, India’s fifth-largest private sector bank, has been a pioneer of several key technology innovations since its inception in 2004. Staying true to its values and commitment to innovation.
PYMNTS
OCTOBER 5, 2017
Most two-sided marketplaces — companies that function like Airbnb and Uber — have an ambition to take their businesses global, but they don’t always know what that means or what it takes. They follow their competitors to new international markets and duke it out for dominance, or plan their expansion around a little more than a hunch. Simran Singh, Hyperwallet ’s director of Strategy and Business Development, said that this method isn’t necessarily doomed to fail — but it’s not the best way to g
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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 5, 2017
“You have something truly unique, only you do it, but it is of no value. In that corner, you are just plain stupid.” – Guy Kawasaki, The Art of Innovation.
PYMNTS
OCTOBER 5, 2017
Mastercard and PayPal announced Thursday (Oct. 5) an expansion of its partnership to include Canada, Europe, Latin America, the Caribbean, the Middle East and Africa. In a press release, the two payment companies said the move is designed to enhance customer choice, improve the customer experience and make Mastercard a clear payment option within PayPal across the globe.
Bobsguide
OCTOBER 5, 2017
The financial services sector is one of the most highly regulated industries in the world. Banks, hedge funds, payment services and a wide range of supporting businesses are subject to myriad regulations and legislation, which can differ depending on the territory they are operating in. Adhering to.
PYMNTS
OCTOBER 5, 2017
In a world where one of the three big credit bureaus can be hacked — and, as an American adult, one’s most sensitive financial information is probably already on the dark web — paranoia is not unreasonable. The fear that an international network of loosely connected criminals is out to defraud you of all your money is not the work of a delusional mind, but a rational response to the actual news headlines of the past year.
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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 5, 2017
Cloud technology has made it possible to leverage APIs so that two pieces of software talk to each other and stay updated in real time, which dramatically improves the user experience, writes Sanjeev Kriplani, senior vice president of product at Bill.com.
PYMNTS
OCTOBER 5, 2017
Amazon announced Wednesday (Oct. 4) that its Echo speaker, powered by voice-activated digital assistant Alexa, is now available in India and will be coming to Japan later in 2017. According to a press release , the company said Indian consumers will gain access to Alexa and the Amazon Echo by invitation only. “Millions of customers love Alexa, and we’re thrilled to introduce her to our customers in India today and Japan later this year,” said Tom Taylor, senior vice president of Amazon Alexa, i
Payments Source
OCTOBER 5, 2017
With AT&T dropping out of the program and Macy's focusing more on its own loyalty scheme, American Express is absorbing the first serious blows from key members in its multi-merchant Plenti Rewards Program.
PYMNTS
OCTOBER 5, 2017
There are two big Alexa announcements this week. First up: It is now officially the first voice assistant to be available on Sonos , turning the wireless speaker product into a voice-controlled sound system. According to news from TechCrunch , Sonos has been working “day and night” with Amazon for a year to implement the features. Alexa on Sonos is now available as a beta software update, allowing users to control their speakers using Amazon Alexa-compatible devices, including the Echo and the D
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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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