Bank Innovation
JANUARY 29, 2018
EXCLUSIVE— While PSD2 was the subject of extensive focus for European banks, businesses, tech firms, and fintechs, these institutions may not be ready for another data initiative, the General Data Protection Regulation, set to come into effect this May. In fact, studies show that less than half of businesses in the United Kingdom — only […].
Chris Skinner
JANUARY 29, 2018
Another great Brexit debate at the ISITC Europe annual bash the other day. I was on a panel with Kay Swinburne, MEP Member of Economic and Monetary Affairs; Rebecca Healy, Lead Analyst of Financial Market Structure at Liquidnet; and Michael Cooper, CTO Radianz, BT Global Banking and Financial Markets at … The post More on #Brexit, passporting and equivalence appeared first on Chris Skinner's blog.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Bank Innovation
JANUARY 29, 2018
UnionPay International, a subsidiary of China UnionPay, has partnered with telecoms company Huawei Technologies to launch mobile payment service Huawei Pay across global markets, beginning with Russia. The move is an expansion of the partnership the companies inked in 2016, when Huawei Pay was first launched. The two will bring the mobile service first to […].
Chris Skinner
JANUARY 29, 2018
Things we’re reading today include … 1 in 5 people have a secret bank account Bank-based blockchain projects are going to transform the financial services industry City banks downsizing – and it has little to do with Brexit outcome Coincheck promises 46bn yen refund after cryptocurrency theft Active fund managers … The post Things worth reading: 29th January 2018 appeared first on Chris Skinner's blog.
Advertisement
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 29, 2018
U.K.-based CreditLadder, an online platform that enables tenants to help build credit score, launched an open banking service today, making it the first in its sector to do so. Thanks to European regulation PSD2, users can now authorize CreditLadder to access their banking transactions through open APIs. By accessing information on a user’s transaction history, […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
JANUARY 29, 2018
ING Bank will acquire a majority stake in Amsterdam-based Payvision, a payments processor company that powers more than 80 separate payment methods for clients, the companies announced today. The financial institution will buy 75% of Payvision, as reported by the Financial Times, with the company valued at about $445 million. Payvision’s own team will hold […].
PYMNTS
JANUARY 29, 2018
Money that crosses borders usually has an arduous trek. Consider the fact that payment that originates in one country does so in the “home” currency but gets settled in another currency once received. Along the way, there are foreign exchange fees, documents to manage and sundry regulations to navigate. In short, there are a lot of speed bumps in place.
Bank Innovation
JANUARY 29, 2018
EXCLUSIVE – It’s Credit Karma’s second tax season as a tax prep/filing company, and already about 3 million people have started using Credit Karma Tax, according to Jagjit Chawla, general manager of Credit Karma Tax. That number is three times the 1 million filers in the company’s last tax season. “It’s important to remember though, […].
PYMNTS
JANUARY 29, 2018
Grocery shopping is clearly no longer confined to the aisles of the local Kroger or even a superstore like Target or Walmart. With services like AmazonFresh and Peapod, consumers can load up on kale, chicken — or whatever they need for their next meal — from their computers or smartphones. Online grocery sales are a booming business, with the eCommerce segment expected to make up 20 percent of all grocery sales by 2025.
Advertisement
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
Gonzobanker
JANUARY 29, 2018
Delivery and content are equally important to a bank’s future readiness. I received a “personalized” email last week titled 5 Savings Strategies for Your Down Payment. Strategy #5 on the list was: “You may need to make more money.” (Well yeah. Always sage advice.). The email annoyed me for two reasons: I’m winding down the end of a mortgage where the down payment was made three presidents ago.
PYMNTS
JANUARY 29, 2018
Following the theft of $530 million in NEM tokens from Coincheck last week, governments will likely call for more cryptocurrency regulation and investors may turn to peer-to-peer (P2P) methods of trading instead of centralized exchanges, Bloomberg reported. “The latest theft will have two immediate effects: more regulation by authorities over exchanges and more recognition of the advantages offered by decentralized ways of trading,” David Moskowitz, co-founder of Indorse Pte in Singapore.
Payments Source
JANUARY 29, 2018
PCI compliance won't be enough to meet the strict requirements of the General Data Protection Regulation, which takes hold May 25 in Europe.
PYMNTS
JANUARY 29, 2018
With a faster pace of adoption than previously expected, the majority of U.S. grocery shoppers may purchase at least some of their groceries online within five to seven years, according to a Food Marketing Institute and Nielsen report, CNBC reported. “There is a fundamental shift in retail, and we are seeing an acceleration,” said Thom Blischok, global retail strategic advisor to Nielsen.
Advertisement
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.
Bobsguide
JANUARY 29, 2018
The contemporary custodian: Challenges and opportunities. Custodians have faced existential headwinds for decades, a situation that has escalated in the aftermath of the Global Financial Crisis. Encroachment from new competitors has compressed margins, while additional regulations and.
PYMNTS
JANUARY 29, 2018
Earlier this month, Saks Fifth Avenue President Marc Metrick told CNBC that the luxury retailer didn’t need fancy artificial intelligence (AI) to help it succeed in the industry, despite the tectonic shift thrusting every other retailer into reliance on such technologies. “When you think about the online versus the offline experience, we don’t need AI in our stores.
Payments Source
JANUARY 29, 2018
While there's lots of fintech innovation globally, some of the most exciting moves are coming from China, Japan and South Korea, writes John Mitchell, CEO of Episode Six.
PYMNTS
JANUARY 29, 2018
Headlines swirl around the price of bitcoin and its cryptocurrency cousins, around psychological barriers tied to $10,000 thresholds, around raids on suspect operators, around tax rates in South Korea and hacks of crypto exchanges. Beyond the excitement and excitability of the trading lie, perhaps, are real-world business use cases, based largely on the distributed ledger technology across which transactions are recorded.
Advertisement
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.
Payments Source
JANUARY 29, 2018
Dishonestly taking advantage of false membership in a group to score a discount sounds like something most people wouldn't dare do, but it's enough of a threat to retailers that investors see future returns in technologies that guard against it.
PYMNTS
JANUARY 29, 2018
When it comes to planning for its future, furniture giant IKEA is trying to figure out how to use artificial intelligence (AI) and virtual reality (VR) to its advantage. “[What] we haven’t been able to do before is to find easier ways to connect with people so digital opens up massive opportunities for us,” CEO Jesper Brodin told CNBC at the World Economic Forum (WEF) in Davos.
Payments Source
JANUARY 29, 2018
About a decade after its launch, Cambodia-based mobile money provider Wing has added a virtual prepaid Mastercard to its platform, enabling its audience of unbanked and underbanked consumers to shop online.
PYMNTS
JANUARY 29, 2018
Under pressure from an activist investor, JCP Investment Management, convenience store chain Casey’s General Stores has reportedly placed an initial bid to acquire grocer Kroger’s $2 billion C-store business. That line operates under brand names like Kwik Shop, Turkey Hill and Tom Thumb, CNBC reported Friday (Jan. 26). JCP recently asked the Iowa-based convenience store operator to explore strategic alternatives such as a potential sale.
Advertisement
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
JANUARY 29, 2018
While Zelle is working hard to become the Venmo for grown-ups, it is also pushing into retail payments, particularly in opportunities for displacement of cash and check and where funds are needed in minutes rather than days or weeks.
PYMNTS
JANUARY 29, 2018
The financial services market has progressed by leaps and bounds in terms of innovation, from the rise of alternative finance to the development of technologies like blockchain and open banking initiatives. The global financial crisis in 2008 was, in many ways, a catalyst to this innovation, especially in the area of small business (SMB) finance, as banks pulled their services away from SMBs and FinTechs stepped in to offer another option.
Payments Source
JANUARY 29, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: "Jackpot" attackers hit ATMs; Link opens competition for ATMs in U.K.; Brisbane Airport supports bitcoin; Banks comply with new Swift rules; Robert Shiller warns on bitcoin bubble.
PYMNTS
JANUARY 29, 2018
California is pressing forward with efforts to provide legal banking services to marijuana businesses as cannabis companies struggle to get banked. Reports in The San Francisco Chronicle said California policymakers introduced a bill last Thursday (Jan. 25) that would allow banks and credit unions to provide account services for legal cannabis companies.
Advertisement
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.
Expert insights. Personalized for you.
294 
Let's personalize your content