Bank Innovation
FEBRUARY 22, 2018
EXCLUSIVE – With over 28 million digital customers (online and mobile) in 2017, it seems only logical that Wells Fargo is increasing investment in its mobile app. That investment ranges from initiatives of improving the existing mobile experience to incorporating new technologies like biometrics over the course of the year, Ryan Miller, senior vice president, design.Read More.
Payments Dive
FEBRUARY 22, 2018
Wayfair is hot for mobile as it's allowing the retail home furnishing seller to drive an enhanced customer experience that is proving rewarding for the bottom line. Fast casual Panera is also benefiting from the mobile tech evolution and new digital tools are paying for themselves in terms of sales growth.
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Chris Skinner
FEBRUARY 22, 2018
Someone pointed out to me that when I wrote about the wealth divide, a lot of the property investing is not your average John or Jane, but a lot of money launderers. I wrote a while ago that there is $1.6 trillion of money laundered worldwide every year, and only … The post Money laundering is most likely to wash with your local estate agent appeared first on Chris Skinner's blog.
Bank Innovation
FEBRUARY 22, 2018
EXCLUSIVE – Green Dot had its “finest year in [its] history” in 2017, CEO Steve Streit said on yesterday’s 4Q earnings call. The Pasadena, Calif.-based company, which operates a growing suite of digital financial products, returned to its roots this year in several ways. It demonstrated dominance in the prepaid space, and 55% of its.Read More.
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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
Payments Dive
FEBRUARY 22, 2018
TNSConnect from TNS provides secure, fully managed, resilient connectivity for the transmission of credit, debit, gift, loyalty, eCommerce and other transaction types. Download this product sheet for an overview of this end-to-end service.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
FEBRUARY 22, 2018
Who says you can’t teach an old criminal new tricks? Hackers who used to amuse themselves stealing credit cards have raised the level of their identity theft game such that 2017 was a record year — 16.7 million Americans were victimized last year, a jump of eight percent from 2016. That fraud run saw $16.8 billion successfully lifted in 2017, the highest amount in four years.
Bank Innovation
FEBRUARY 22, 2018
EXCLUSIVE- If 2016 was the year of blockchain in financial services, the boom in cryptocurrency values in 2017 brought the banks’ attention back to the world of tokens and coins. Margaux Avedisian, executive vice president of Transform PR, has been on top of the bitcoin world for years now — centuries in cryptocurrency terms. Known.Read More.
PYMNTS
FEBRUARY 22, 2018
Big merchants have many strategies, but they often lack an online checkout strategy. As a result, merchants may lose millions a year due to the friction associated with converting shoppers to buyers online. In fact, merchants experience an overall $200 billion in lost sales each year due to friction in the checkout process. Many larger merchants clearly have some ways to go on their checkout conversion efforts.
Bank Innovation
FEBRUARY 22, 2018
EXCLUSIVE – Doug Nielson, Senior Vice President, Innovation Research and Development at U.S. Bank, has joined the speaker faculty for Bank Innovation 2018. Bank Innovation 2018 will take place March 5-6 in San Francisco. As senior VP of Innovation Research and Development at the bank, Nielson leads the R&D team, which identifies and explores new […].
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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
FEBRUARY 22, 2018
After a weak holiday sales season, Toys R Us is planning to shutter about more 200 stores. The company also plans to lay off many of its corporate staff, the Wall Street Journal reported based on information from people familiar with the situation. The news comes as the retailer’s sales have declined 15 percent from the 2017 holiday shopping season compared to 2016, and as the retailer previously announced it may close 100 stores.
Insights on Business
FEBRUARY 22, 2018
Open banking, or the use of open APIs to develop financial applications, is famously on the rise. A simple look at the #openbanking hashtag on twitter will give you a front row seat to the open banking conversation. For financial institutions, open banking has been considered both a threat and an opportunity. From an IBM point of view, we are seeing that our clients and partners want to innovate to build modern cloud solutions quickly, and are looking for flexible and cost-effective ways to enab
PYMNTS
FEBRUARY 22, 2018
Without a doubt, small businesses (SMBs) have more choice than ever before when adopting new technologies, and many of those new tools, from accounting to customer relationship management (CRM), are streaming in as Software-as-a-Service (SaaS). While small firms may be notorious for their inability to invest in newer technologies, software doesn’t seem to be one of them, especially in the U.S.
Payments Source
FEBRUARY 22, 2018
In Zelle’s national advertising campaign, the bank-run P-to-P network spotlights consumers paying a personal trainer, a babysitter and a neighbor. It sets an expectation that Zelle can be used like a credit card, and scammers have figured out how to exploit this trust.
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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.
PYMNTS
FEBRUARY 22, 2018
Restaurants may want to reach more delivery customers by expanding into new markets, especially as the market for food delivery could grow to $17 billion by 2020. Yet it doesn’t always make sense for restaurants to open new brick-and-mortar locations. Instead, restaurants are deciding to share kitchen space with other concepts — and accepting deliveries from those locations.
Payments Source
FEBRUARY 22, 2018
By failing to protect their customers’ data, financial institutions and others in the payments ecosystem are risking trust, the most important currency they have, writes David Barnhardt, executive vice president of product at GIACT.
PYMNTS
FEBRUARY 22, 2018
Blockchain consortium R3 , trade finance company TradeIX and several global banks are collaborating on a new solution that has entered into pilot phase. Reports in bobsguide on Wednesday (Feb. 21) said the initiative, dubbed Marco Polo, involves BNP, Commerzbank and ING as they explore how to deploy blockchain to enhance trade finance operations. The companies banded together last September and have since included Standard Chartered, DNB and OP Financial Group.
Bobsguide
FEBRUARY 22, 2018
Dave Beach spoke to Joanne Smith, CEO of Recordsure, and Annamaria Jatta, Strategy and Innovation Leader at RBS, about how NatWest is piloting Recordsure’s AI technology in their telephony channels with GDPR and customer trust in mind. NatWest began successfully trialling the Recordsure.
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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.
PYMNTS
FEBRUARY 22, 2018
Uber ’s new Chief Executive Officer, Dara Khosrowshahi , dismissed rumors during a presentation in India about a potential merger with ridesharing service Ola , saying instead that he plans to invest more in the company’s India business, which has been suffering recently from losses. According to news from BGR , citing an interview with ET Now, the executive said a merger with Ola is “fun to speculate,” but he otherwise brushed off the question.
Payments Source
FEBRUARY 22, 2018
Eyeing sectors with increased independent work forces and growing tourism, cross-border payments provider Transpay says it is making its business-to-business mass payout platform available in Australia, New Zealand and South Africa.
PYMNTS
FEBRUARY 22, 2018
Amazon and Alibaba may be the most high-profile eCommerce marketplaces, but they are far from the only ones, especially in smaller international markets, where hundreds of platforms are aggregating wares from hundreds of sellers to serve more local clientele. Reaching underserved customers is a good thing, and many of these marketplaces are seeing healthy growth.
Payments Source
FEBRUARY 22, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Venezuela's virtual currency debuts; Crowdsourcing for Square readers in Boston; Tinder's security gap; Samsung Pay gains ground in Australia.
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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.
PYMNTS
FEBRUARY 22, 2018
In a move to strengthen its digital money platform with secure payment applications, Uphold has acquired Cortex MCP. Cortex’s CEO and Founder, Shaunt Sarkissian, will head up Uphold’s payments team, according to an announcement from Uphold. “Cortex’s mobile-centric, closed-loop payment and secure tokenization solutions provide industry-leading technologies and security to our platform,” Uphold COO William Dennings said in the announcement.
Payments Source
FEBRUARY 22, 2018
Citing a need for merchants to better understand payments behavior across various digital channels, Visa has launched Token Management Service for its global clients.
PYMNTS
FEBRUARY 22, 2018
If you’re going to ride a pop culture trend, you’ve got to ride it full send — and that’s why McDonald’s says it’s bringing back its Szechuan dipping sauce. Again. McDonald’s originally introduced the limited batch of Szechuan sauce in 1998 to coincide with the release of the Disney film “Mulan.” Last fall, the sauce was referenced by Cartoon Network’s popular Adult Swim show, “Rick and Morty,” leading McDonald’s to briefly rerelease the sauce — and leading to full-on riots when the very limited
Payments Source
FEBRUARY 22, 2018
There are practical lessons from Amazon's service model that can be applied elsewhere, writes Derek Corcoran, chief experience officer at Avoka.
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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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