Bank Innovation
JULY 12, 2017
Life as a non-prime millennial consumer means more debt and less financial confidence, with the majority of these consumers living paycheck to paycheck. Nearly 60% (58%) of non-prime millennials live from one paycheck to the next, according to the Millennials’ Day-to-day Finances: The Non-Prime Experience released today by Elevate’s Center for the New Middle Class. […].
Chris Skinner
JULY 12, 2017
I’m spending the week in China with Alibaba and ANT Financial. More details to follow, as this is all building towards a case study chapter in my new book Digital Human, and sat amongst 2,000 fans listening to Jack Ma yesterday and his vision of the future. Jack spoke in Chinese and I was listening with simultaneous translation, but here are my main notes and takeaways from what he said: It is impossible to do business today offline as everything has to have something online, which is why we nee
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Bank Innovation
JULY 12, 2017
Square may have Apple Pay, but PayPal is the one with access to the rest of Apple. PayPal will now be a payment option for users making online purchases in the Apple ecosystem (including purchases made in the App Store, iTunes, and Apple Music), the payments company announced today on its blog. The partnership, which […].
PYMNTS
JULY 12, 2017
Albertsons still wants to go public, two years after first mulling and tabling an initial public offering, Bloomberg reports. Yet once again, the grocer is going to have to put that dream on hold as it struggles to get its same-store sales back into the black. Same-store sales dropped into the negative in fiscal 2016 and have yet to recover. It’s not doing Albertsons any favors that, between the popularity of grocery pickup and delivery services, cheap groceries at Walmart and the debut of Germa
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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
Bank Innovation
JULY 12, 2017
Yieldport.com, a newly launched alternative investment community and portal, seems to have already facilitated the funding of more than 500 deals. The Amsterdam-based site, which officially opened today, currently lists more than 2,000 investments, including a fixed income note paying 10.25% and 7.8% of equity in MeineSpielzeugkiste, a platform for sharing children’s toys.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Let's Talk Payments
JULY 12, 2017
“Empowerment begins with access” Few phrases so succinctly summarize the modern landscape of financial inclusion in emerging markets like India. A huge number of people living outside the traditional banking.
PYMNTS
JULY 12, 2017
Another day, another fraud attack. But this one is unique because, at least at first, it was believed that consumer biometric data may have been compromised. On July 4, U.S. vendor Avanti detected POS (point of sale) malware in some of its “micro market” kiosks. The company published a data incident notification at the end of last week, letting customers know about the breach.
Let's Talk Payments
JULY 12, 2017
Today, in Brazil, we have over 30 FinTech startups offering credit products, according to 2017’s FinTechLab Radar survey. FinTech startups in this segment are attractive because they have lower interest.
PYMNTS
JULY 12, 2017
Brick-and-mortar stores are dropping like flies, but one chain is not going down without a fight. By integrating machine learning into its operations, Walmart is bringing innovation and efficiency to its 55-year-old business. With nearly 12,000 stores and 140 million weekly shoppers in 28 countries, Walmart comes in just behind Amazon as one of the largest retailers in the world.
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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
Cisco
JULY 12, 2017
In established companies, people are the biggest cost—as well as the biggest asset. As banks compete for the best talent, many are realizing they need to re-examine the fundamentals of how they operate. Even traditional financial institutions built on top-down process and authority are looking for ways for employees to drive informed, collaborative decision-making. […].
PYMNTS
JULY 12, 2017
New cyber threats have shoved legacy antivirus systems into obsolescence. Polymorphic malware changes its profile as it attacks, sliding around pattern recognition-based defenses. Cyber defense firms are therefore developing new methods based on artificial intelligence. Darktrace, one such firm that is using machine learning to identify and prevent attacks, takes a vaccination approach.
Payments Source
JULY 12, 2017
Cards, e-wallets and transfers are all necessary for merchants to attract younger consumers to recurring payments, writes Artem Tymoshenko, CEO of MaxPay.
PYMNTS
JULY 12, 2017
It’s the day after Amazon’s Prime Day, and reports are already coming out that the eCommerce giant is on its way to breaking its previous sales records. With third-party sellers moving 50 percent more product by noon as the same time in 2016 and consumers ordering three times as many Echo-family speakers, analysts are speculating that Amazon has surpassed last year’s $500-million sales mark.
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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.
Bobsguide
JULY 12, 2017
In March, Vela hosted an executive roundtable in London on the cross asset challenges of MiFID II. In the third and final event report, we look at the changes that participants from across the market expect to see in business models, trading patterns, and relationships. No such thing as free.
PYMNTS
JULY 12, 2017
For quite some time, Amazon has been looking to expand its reach into the India eCommerce arena. Just over a year ago, Amazon invested $3 billion bringing its total investment at the time up to $5 billion, with 21 fulfillment centers and 5 million feet of storage space. About a week ago, Amazon invested another $260 million into India-based operations.
NCR
JULY 12, 2017
The data revolution is one of the biggest technology changes facing banks at the moment, and efforts to effectively harness data should be at the forefront of any financial institution’s strategy. But when it comes to making the best use of digital information, is there a difference between simply having access to this information and truly understanding what data we already have and how it can be used effectively?
PYMNTS
JULY 12, 2017
It’s no secret that Amazon’s Prime Day has become a highly sought-after shopping day for consumers over the last few years. Since its 2015 inception, Amazon has generated massive amounts of money by offering up discounts on its tech devices and third-party vendor’ products. The numbers are in, and it looks like the eCommerce giant has done it again and surpassed its previous sales records.
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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.
Bobsguide
JULY 12, 2017
Trend-following is the primary method through which profit is made in trading. Buying when stocks or currency are cheap and selling when they are at their most expensive point is the desire of every trader. Knowing these points, however, is closer to gambling than most of them would like to admit.
BankNXT
JULY 12, 2017
Shaun Weston talks to Max Rofagha from Finimize about software technology in fintech, and how people can benefit from improved financial knowledge. Max Rofagha from Finimize – making financial knowledge accessible on BankNXT.
Payments Source
JULY 12, 2017
Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Visa pays businesses to go digital; Ripple expands in Japan; Screen scraping's still a battle; Santander may invest in Curve.
Bobsguide
JULY 12, 2017
If they are to capitalise fully on opportunities within the fast-growing commercial banking sector, banks will need to get a much fuller understanding of and more comprehensive insight into their clients’ purchasing patterns and trends. By embracing client data in this way, banks can.
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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.
Payments Source
JULY 12, 2017
Visa’s core mission is to crush cash, but its latest promotion rewarding businesses with a pile of money if they stop accepting cash altogether may be too little for this goal.
BankNXT
JULY 12, 2017
Global financial integration – now there's a thought, says Chris Skinner. Is this how we get a world where we still need banking but don’t need banks? Globalising finance through fintech on BankNXT.
Payments Source
JULY 12, 2017
American Express is adding virtual account numbers to its business travel account service, saying it will provide businesses with more visibility and control of employee travel expenses.
BankNXT
JULY 12, 2017
Worldpay has made serious investments in the next generation of payment services, says Dave Birch, and is poised to compete for merchants' attention. Worldpay and world payments on BankNXT.
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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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