Chris Skinner

MARCH 3, 2020

I just found that Deutsche Bank Research issued three in-depth reports in January looking at the future of payments: Part I: Cash: The Dinosaur Will Survive… For Now Cash will survive. But digital currencies’ potential could re-balance global economic power. Part II: Moving To Digital Wallets And The Extinction Of … The post The end of cards and cash … not yet, according to Deutsche Bank Research appeared first on Chris Skinner's blog.

Cards 504

Cards Payments Report Digital Banking 504

Payments Dive

MARCH 3, 2020

James Thomson knows Amazon, having spent years heading up Amazon Services, and understands the challenges smaller retailers are facing in the e-commerce environment. He explains that while Amazon is the big competitor, it can also be a retailer's big opportunity.

Retail 396

Retail 396

Chris Skinner

MARCH 3, 2020

Things we’re reading today include … Monzo tops our customer service poll Wall Street prepares as coronavirus gets closer to home Was Tulip Mania really the first great financial bubble? Facebook ‘rethinks’ plans for Libra cryptocurrency Another foul day on Wall Street after surprise Fed rate cut Banks issue emergency … The post Things worth reading: 4th March 2020 appeared first on Chris Skinner's blog.

cryptocurrency 278

cryptocurrency 278

Bank Innovation

MARCH 3, 2020

For Fifth Third Bank, a 160-year-old institution, digital transformation isn’t about going head-to-head with the largest banks. Instead, the bank is focusing its digital strategy on meeting human needs, said Melissa Stevens, chief digital officer of Fifth Third Bank, in the fireside chat at Bank Innovation Ignite in Seattle on Monday. “We’re not trying to […].

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Seattle Digital Strategies Strategy Meeting 273

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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

Lending

PYMNTS

MARCH 3, 2020

As part of a broader effort to bring the newest innovations to its operations, the National Bank of Fujairah PJSC (NBF) has teamed with blockchain firm Ripple to enable cross-border payments via the RippleNet platform. Clients of the bank will now have the ability to make secure, real-time payments with clear tracking of transactions from beginning to end, according to an announcement.

Payments 250

Payments blockchain User Experience National 250

PYMNTS

MARCH 3, 2020

The business of fashion shows is struggling this week, but fashion retailing is not. Already eCommerce figured to play a major part in the various fashion weeks across the globe this week and next due to new technology and a willingness for designers to make their clothing more accessible. But now eCommerce will get a star turn rather than a supporting role.

Branding 230

Branding Online New York Video 230

Bobsguide

MARCH 3, 2020

Crypto businesses face a wake-up call following the European Union’s fifth Anti-Money Laundering Directive’s (5AMLD) January 10 deadline, with market participants raising questions over the future function of digital currencies. While some welcome the directive, others fear rule.

Industry 175

Industry Report Marketing 175

PYMNTS

MARCH 3, 2020

Subscription management platform provider Zuora is working with Kia Motors America to offer connected car subscriptions. Zuora said in a press release on Tuesday (March 3) that Kia is using its platform to launch and scale its UVO Link subscription service, which is a portfolio of connected vehicle services. It works via the Kia Access program with the UVO link app, UVO Agent for Google Assistant, the UVO skill for Amazon Alexa and via the website.

Michigan 218

Michigan Software User Experience Strategy 218

Bobsguide

MARCH 3, 2020

In 2007, when the first-generation iPhone was initially released, only a quarter of the European population banked online. Since then, our relationship with technology and applications throughout all aspects of our lives has rapidly evolved. Fast-forward to 2020 and the use of mobile.

Mobile 147

Mobile Online Technology 147

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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

Report

PYMNTS

MARCH 3, 2020

In the service of business, of society at large, artificial intelligence (AI) can be effective. It can be fast. Can it also be ethical? The wisdom of crowds, gleaned from social media, can paint a gestalt picture of how a government agency’s, bank’s or retailer’s efforts are being received on the ground, so to speak. And it can also (perhaps), fed through models and analytics, can bolster decision-making for the greater, common good.

social media 214

social media Data Analysis Analytics 214

Bobsguide

MARCH 3, 2020

Financial regulators and supervisors are struggling to establish an approach to concentration risk among third-party suppliers, as the use cases for outsourcing in financial services grow. According to James Kemp, managing director, Association for Financial Markets in Europe (AFME), there is.

Regulation 145

Regulation Management Marketing 145

PYMNTS

MARCH 3, 2020

No band of merry traders here. Two days into outages that hobbled Robinhood , the online financial services company that offers an app primarily used by younger traders, and there are lessons to be learned. The hard way, it seems. Monday, during a monster rally that saw stocks soar by more than 4 percent, stock and options traders across the platform were out of luck and perhaps out of the money (in terms of locking in gains).

Course 187

Course System Millennials ATM 187

Payments Source

MARCH 3, 2020

Mastercard's U.K. Pay by Bank service has been slow to get off the ground since its 2016 launch. But Mastercard predicts Pay by Bank will see significant adoption in 2020 due to the partnerships it has established with banks and processors, and the popularity of mobile banking among Britons.

Mobile 118

Mobile Online Payments 118

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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.

Lending

PYMNTS

MARCH 3, 2020

It’s not difficult for a supplier to tell when accounts receivable (AR) processes are not optimized. Late payments, invoice disputes and even fraud are all glaring red flags of AR inefficiencies and friction. But even when a business recognizes something has gone awry, pinpointing exactly what process has gone wrong — and how to fix it — is difficult.

Fraud 185

Fraud Resources Payments Data 185

Payments Source

MARCH 3, 2020

Operational efficiency has long been the key to selling AP automation, but a growing payment fraud problem and new risk exposures are giving businesses new reasons to digitize payments.

Fraud 101

Fraud Payments Operations 101

PYMNTS

MARCH 3, 2020

For iPhone users, leveraging their Apple Wallet to store their boarding pass is old hat. Buy a plane ticket, click the button in the confirmation link in the email — and the boarding pass appears, ready to use on almost any airline. Easy peasy. For Android users, the situation has heretofore not quite been as seamless. Until two years ago, Google didn’t support ticketing at all — though in April 2018, the feature turned on suddenly with an announcement that going forward Google Pay would be com

Google 181

Google Payments Mobile Apple 181

ATM Marketplace

MARCH 3, 2020

Amid rapid changes in the cash economy and the rise in digital payments, the ATM is likewise facing challenges that have led to an evolution that will meet the demands of a new generation of customers.

ATM 94

ATM Meeting Payments 94

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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.

US

PYMNTS

MARCH 3, 2020

Imagine if 42 million people in the U.S. had a medical condition that kept them from enjoying life and less than half of them took steps to fix it. That’s the situation currently with hearing loss , which is the third most common medical condition in the U.S. And 26 percent of that population has avoided getting help for the problem due to high cost and a demeaning customer experience.

Payments 176

Payments Customer Experience National Retail 176

Payments Source

MARCH 3, 2020

Offering the preferred payment method is essential to converting customers in LATAM. But the diversity of each country’s market makes this easier said than done, says PPRO's Steve Villegas.

Marketing 94

Marketing Cards Payments America 94

PYMNTS

MARCH 3, 2020

Amazon has established smaller warehouses around Dallas, Phoenix, Philadelphia and Orlando to make its same-day deliveries faster. . The eCommerce giant announced on Tuesday (March 3) that it is improving its delivery program with guaranteed arrival times throughout the day for up to 3 million items that are marked “Today by.”. “We’re proud of the fact that our Same-Day services are driven in partnership with local communities where we operate and made possible by the people who live there.

Phoenix 175

Phoenix Philadelphia Dallas Community 175

Banking Exchange

MARCH 3, 2020

Stock market dropped an unprecedented amount over the last several business days, bank stocks dropped along with it Bank Performance The Economy Risk Management Mortgage/CRE Feature Management Financial Trends Feature3.

Risk Management 78

Risk Management Trends Management Marketing 78

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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.

Compliance

PYMNTS

MARCH 3, 2020

Things are changing in Sudan as its banks partner with Visa to introduce payments systems after decades of being shunned by legitimate financial institutions (FIs) over talks that it housed terrorists and its leader performed illicit global activities, according to Reuters. The move could potentially provide more access to banking systems for the whole continent and expand digital payments systems around the globe.

System 169

System Payments National Capital 169

SWBC's LenderHub

MARCH 3, 2020

What Happened: If it were a fight, they would have stopped it on Wednesday. The virus COVID-19 was all that mattered this past week as stocks were routed the most since the Financial Crisis, while multiple Fed rate cuts were priced in from, maybe 1 at the beginning of the week to probably 3 when the closing bell rang on Friday afternoon. Any asset that wasn’t a US Treasury note was for sale.

Marketing 78

Marketing US Capital 78

PYMNTS

MARCH 3, 2020

The blockchain for the Marshallese sovereign (SOV) digital currency will be developed with Algorand technology, according to an announcement. The supply of SOV will be set to increase at 4 percent yearly to stop inflation from occurring. It will be debuted via a token pre-sale, with rights to future SOV offered in multiple auctions with a time-release monetary issuance (TRMI).

ATM 168

ATM Bitcoin National Miami 168

CFPB Monitor

MARCH 3, 2020

On March 4, 2020 the House Financial Service’s Subcommittee on Housing, Community Development and Insurance will hold a hearing entitled, “ Drivers of Discrimination: An Examination of Unfair Premiums, Practices and Policies in the Auto Insurance Industry.”. The Committee Memorandum lists two related legislative proposals. One proposal is H.R. 1756, which “would prohibit the use of a credit report, a credit score, or other consumer credit information in determining auto insurance coverage or rat

Rhode Island 78

Rhode Island National America Study 78

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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.

Lending