Chris Skinner
OCTOBER 7, 2018
The main blog headlines are … If you think it’s evolution and not revolution, think again Another regular argument I’m having is whether digital is a revolution or evolution. I firmly believe it is revolutionary. When industries are being rebuilt from the ground-up with new technologies and new business models, … The post The Finanser’s Week: 1st October – 7th October 2018 appeared first on Chris Skinner's blog.
PYMNTS
OCTOBER 7, 2018
Deliverr , the startup that enables Walmart, eBay, and Shopify to have two-day shipping delivery options that allow them to compete with Amazon Prime, raised $7.1 million in a round of venture funding. According to reports citing the company, the Series A round of venture funding was led by 8VC, the venture capital company. Other investors that participated in the round of funding included Zola founder Shan-Lyn Ma, Flexport chief executive officer Ryan Petersen and other unnamed investors, acco
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Payments Source
OCTOBER 7, 2018
International migration has hit an all-time high in recent years, with 250 million migrant workers across the globe. This has created a booming new international payments market for remittance providers.
PYMNTS
OCTOBER 7, 2018
To settle claims that it broke Iranian sanctions, Cuban Assets Control Regulations and Weapons of Mass Destruction bank regulations, JPMorgan Chase has agreed to a $5.3 million fines payment. The U.S. Treasury noted that the violations were voluntarily disclosed by the bank and were a “non-egregious case,” Reuters reported. “We’re pleased to resolve this issue, which we self-identified and voluntarily disclosed more than six years ago,” Brian Marchiony, a spokesperson for Chase Bank, said per R
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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
The Financial Brand
OCTOBER 7, 2018
While branch locations and fees remain important, consumers are increasingly looking for better digital banking solutions. The post Innovation Driving More Consumers to Switch Banks Now appeared first on The Financial Brand.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
The Financial Brand
OCTOBER 7, 2018
Putting on a show for investors means far less than a process that drives real innovations. No place is this more apparent than at a hackathon. The post Innovation in Banking Demands Supportive Culture from Top Down appeared first on The Financial Brand.
PYMNTS
OCTOBER 7, 2018
Amid a U.S. investigation into money laundering at Danske Bank ’s Estonia branch, shares of the bank have reached the lowest level in four years on Friday (October 5). Danske stocks were trading at 149 crowns as of 14:57 G.M.T., and the bank is trying to comfort investors, Reuters reported. Danske Bank’s interim chief financial officer Morten Mosegaard noted that the U.S.
The Financial Brand
OCTOBER 7, 2018
Often unchanged for decades, manual account opening processes leave consumers frustrated and overwhelmed. The post 8 Inconvenient Truths About Opening A New Bank Account appeared first on The Financial Brand.
PYMNTS
OCTOBER 7, 2018
Target is getting into the toiletry market, gearing up to roll out a brand of consumer products dubbed Smartly. According to a report in the Wall Street Journal, Target will launch more than seventy products that will include toilet paper, dish soap, and razors. The majority of the products will have Target prices of less than $2. The products will hit store shelves at Target and online in the middle of this month.
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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
The Financial Brand
OCTOBER 7, 2018
Innovation requires top-level internal commitment and a supportive culture to be successful. No place is this more apparent than with a hackathon. The post Innovation in Banking Requires Supportive Culture appeared first on The Financial Brand.
PYMNTS
OCTOBER 7, 2018
With interest rates rising, auto lenders are reigning in their 0 percent financing deals that have become the norm over the past few years. According to a report in the Wall Street Journal, while cheap financing breathed new life into the auto industry in the U.S., with interest rates rising it is becoming too costly for the auto lenders. And with sales slowing, car companies are choosing other types of sale incentives including cash rebates and discount lease rates to entice buyers into the sho
Chris Skinner
OCTOBER 7, 2018
Things we’re reading today include … Tandem Bank narrows losses as revenue run rate rises to £15m Shadow banks, trade wars, Trump … clouds gather over the IMF’s paradise Brexit anxiety for businesses ‘at highest since referendum’ Bank of England’s Andy Haldane to chair industry body Why are investment banks … The post Things worth reading: 8th October 2018 appeared first on Chris Skinner's blog.
PYMNTS
OCTOBER 7, 2018
The prototype for the first-ever U.S. cent is being auctioned off for what Barron’s reported is around $1 million — or 100 million times it value. According to Barron’s , the first penny auction will happen later in October and is being handled by Stack’s Bowers in Baltimore. John Kraljevich, senior numismatist at Stack’s Bowers, said the one-cent piece comes as part of the Archangel collection that is being auctioned off and includes coins from the American colonial days and throughout the foun
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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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