Bank Innovation
MAY 19, 2017
Despite all the shiny fintechs out there, consumers still expect innovation in financial services to come directly from banks. Almost half of the consumers –49% of women, and 45% of men– said they are most excited to see new financial product launches at banks, according to a study released yesterday by EY. All other alternatives […].
Payments Dive
MAY 19, 2017
The company earlier this month officially launched a mobile app for Android and iOS that enables users to open, view and close a bar tab right from their smartphone.
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Bank Innovation
MAY 19, 2017
Decentralizing banking processes won’t actually kill financial service companies — at least according to those financial service companies. In fact, decentralization may be beneficial for banks, depending on “what do you mean by decentralization,” said Jared Harwayne-Gidansky, North American lead of the emerging business and technology group for BNY Mellon.
Celent Banking
MAY 19, 2017
There is little doubt that Internet of Things (IoT) is transforming many industries, from manufacturing to insurance. Celent's Insurance practice has been at the forefront of IoT research since 2014 and has published many insightful reports. At first glance, IoT’s impact on banking is less obvious. And yet, in a new research report published this week, Payments and the Internet of Things: Opportunities and Challenges , we assert our belief that IoT also matters for banking, and especi
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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.
Bank Innovation
MAY 19, 2017
Bank of America is busy prepping Erica– the bank’s long-awaited, AI-powered chatbot — for a debut later this year. Once unveiled, the chatbot, which was first teased during the Money 20/20 conference last year, will be running the BofA show, incorporating everything from P2P payments to budgeting and saving tools, Michelle Moore, the bank’s head […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
MAY 19, 2017
Surprise, surprise: a cybersecurity startup saw the largest funding round of the week by far. WannaCry’s explosive impact on the industry has enterprise security on everyone’s mind, and this startup is now a unicorn because of that attention, closing $100 million in Series D financing. Find out which startup landed the cash, along with the other B2B startups that saw their share of investments this week, below.
Insights on Business
MAY 19, 2017
What issues are the most important to your financial institution? There are likely to be as many different answers to that question as there are institutions in the industry. In the area of regulatory compliance, however, simply keeping up with the volume and variety of new and changing regulations is high on the priority list of virtually all organizations.
PYMNTS
MAY 19, 2017
It’s been a rocky week for bitcoin — and we don’t just mean in terms of price. Actually, bitcoin’s price at the time of writing was at a record high, hitting $1859.49 on mid-day Thursday — though the past seven days had seen significant value fluctuations including a week low just under $1620 on Saturday of last week. While it’s always tough to figure out exactly what leads to what in terms of bitcoin’s value, the culprit of this past weekend’s dip, and subsequent drops later in the week, seems
Bobsguide
MAY 19, 2017
Undoubtedly the financial services industry is significantly affected by the fintech evolution. Alternative finance firms, digital and challenger banks, P2P lending platforms, as well as traditional banks, adopt new technologies in order to better serve their clients. In a number of research.
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Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.
PYMNTS
MAY 19, 2017
Even as some countries move away from physical currency in favor of more modern payment methods, demand in larger nations means the Asia-Pacific region is still clinging to cash. With China and India driving economic growth, countries in the Asia-Pacific region are estimated to spend some $8.1 trillion in cash in 2020, marking a 7.5 percent compound annual growth rate.
Bobsguide
MAY 19, 2017
1. The impact of AI on fintech's future. Alara Basul, Reporter, bobsguide. It’s clear that artificial intelligence (AI) is already one of the defining trends in fintech in 2017 and an increasingly popular buzz word in the industry. Businesses are gradually understanding.
PYMNTS
MAY 19, 2017
Over the past year, there have been many discussions about how blockchain technology could revolutionize certain aspects of the music industry. While some are looking to move full force with it, others are skeptical and await more testing. As recently as this April, music streaming giant Spotify announced its acquisition of blockchain startup Mediachain.
Let's Talk Payments
MAY 19, 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.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
PYMNTS
MAY 19, 2017
Shares of global retailer Gap Inc. rose some 4 percent in after-hours trading following the company’s earnings release for the first quarter of fiscal 2017. It was largely a beat. In Q1 2017, Gap Inc. reported diluted earnings per share of $0.36, well above analyst consensus estimates of $0.29, and up 8 percent from EPS posted in Q1 2016. For the full year, Gap Inc. reaffirmed its eps guidance in the range of $1.95 to $2.05.
Let's Talk Payments
MAY 19, 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
MAY 19, 2017
The world should watch Alibaba closely. While the Chinese eCommerce giant’s international presence to date is relatively small, that fact looks to change in just a few short years. To start, Alibaba just released its fourth-quarter earnings report, which showed core and other revenues to be strong. Earnings, however, was another story. For the quarter that ended March 31, Alibaba reported total revenue up 60 percent year-on-year to 38.58 billion yuan ($5.6 billion), well above analystsR
Payments Source
MAY 19, 2017
The company behind Android Pay is giving more tools to developers and inking more partnerships in the payments industry. Here are some of the biggest developments surrounding this year's Google I/O event.
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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
PYMNTS
MAY 19, 2017
Last weekend, a major ransomware attack affected more than 200,000 computers in 150 countries across the globe. Targeting computers running the Microsoft Windows operating system, the malware encrypted users’ files and demanded payment in bitcoin equivalent to about $300 within 72 hours to regain access. If users didn’t pay within that time frame, the ransom would double.
NCR
MAY 19, 2017
Banks don’t need to be told how important it is to keep their customers engaged and satisfied. But when it comes to omni-channel transformation , it’s impossible to overstate just how crucial it is to understand your customers, and to know what they want and how to give it to them. As I explore in this whitepaper , the customer should be one of the core focuses for any financial institution developing an omni-channel strategy.
PYMNTS
MAY 19, 2017
Shares of retail giant Walmart got a 3 percent boost yesterday following the release of Q1 earnings that beat the Street. But the real beat for the largely brick-and-mortar retailer lay in how it has managed not just weather the eCommerce storm, but how it has thrived under these digital conditions. Here’s what we mean. For the quarter, Walmart posted a beat in earnings per share at $1.00, above analyst expectations for EPS by four cents.
Payments Source
MAY 19, 2017
Business-to-business payments technology company Comdata has unveiled a new tool to streamline the process for entering suppliers’ virtual credit card details into their systems.
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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
PYMNTS
MAY 19, 2017
Alibaba is getting consumers to spend more money online, and that would appear to be a good thing for the Chinese eCommerce giant, which provides consumer-to-consumer, business-to-consumer, and business-to-business sales services via web portals. But the site is also getting Chinese merchants to spend more money to keep their products there, an arrangement that could eat the company from the inside out if it doesn’t find other sources of revenue.
Payments Source
MAY 19, 2017
The U.K.’s Payment Systems Regulator is escalating its inquiry into the role banks play in preventing money-transfer scams where consumers are tricked into sending funds to fraudsters.
PYMNTS
MAY 19, 2017
Facebook’s F8 conference is one of the largest conferences for developers and entrepreneurs. Starting in 2007, the event has had a different focus each year on what is the next big thing for the social media giant, with breakout sessions on more tailored topics. While last year’s conference focused on Facebook’s 10-year roadmap, this year’s focus was on AR, VR and bots.
Payments Source
MAY 19, 2017
Nigeria-based United Bank for Africa (UBA) has introduced a Mastercard debit card available via instant-issue at its branches in Cameroon in a new phase of its push to expand debit usage throughout Africa.
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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.
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