Tue.Dec 11, 2018

article thumbnail

When does digitalisation stop?

Chris Skinner

Another day and another discussion about digital transformation with a group of bankers. As the conversation progressed, several of the attendees touched on a subject in different ways but the core of what they were asking was this: when will we know we’ve done digital? I find this question quite … The post When does digitalisation stop? appeared first on Chris Skinner's blog.

Groups 361
article thumbnail

EasyPark & Fortumo case study: carrier billing for mobile parking

Payments Dive

This case study looks at how Europe’s leading provider of digital parking services EasyPark implemented Fortumo’s carrier billing platform to collect payments from drivers.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Things worth reading: 12th December 2018

Chris Skinner

Things we’re reading today include … Need a bank to send money abroad? It’s faster to take a suitcase of cash on a plane At this new online banking platform, customers are the owners Westpac shareholders hit bank with first strike against executive pay Bank stocks get crushed as the … The post Things worth reading: 12th December 2018 appeared first on Chris Skinner's blog.

Online 211
article thumbnail

Major Moves from Plaid, Remitly and Good Money Just This Week

Bank Innovation

It's been a busy week in the fintech space and it's only Tuesday. On the heels of such announcements as South Korean fintech Toss achieving unicorn status and Cross River Bank raising another $100 million (technically last week, but still fresh in mind) come three more big moves. 1. Plaid Plans to Grow Team, Operations […].

Fintech 186
article thumbnail

Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

article thumbnail

Coinone Releases Payment App Featuring Ripple Technology

PYMNTS

Coinone, a South Korean-based platform for cryptocurrency exchange, has released a blockchain-powered remittance app called Cross, according to a report. Cross uses Ripple ’s blockchain network, RippleNet, and doesn’t rely on traditional banking mechanisms. It offers payment services for people who want to send money to Thailand and the Philippines.

More Trending

article thumbnail

Walmart Opens eCommerce Store With Rakuten In Japan

PYMNTS

Walmart and Rakuten announced Tuesday (December 11) the opening of the first Walmart eCommerce store in Japan, dubbed Walmart Rakuten Ichiba Store. According to a press release , the store resides on the Rakuten Ichiba internet shopping mall, offering Japanese consumers access to a wide variety of U.S. products such as apparel, toys, and outdoor items.

eBook 185
article thumbnail

Why Customers Switch Banks

Bank Innovation

Banks are in an unprecedented era of intense competition for customers. Barriers to switching primary banks are lower than ever for both consumers and businesses. Customers are also constantly bombarded with offers from competitors through online, mail, and TV. As the battle for account holders’ dollars and attention heats up, it’s critical for banks to […].

Online 170
article thumbnail

Raising The Roof With Platform Payments

PYMNTS

As a growing group of consumers around the globe adopt digital payment platforms and tools, some well-known players, including Google and Amazon, are now working to improve and expand access to the solutions that will make those transactions as frictionless as possible. In the latest Payments Powering Platforms Tracker , PYMNTS examines how digital payment platforms are being used to transform brick-and-mortar and remote transactions alike.

Payments 176
article thumbnail

Ripple's real-time remittance blockchain picks up steam in India

Payments Source

Ripple's cross-border payments engine is gaining share in India, where it's partnering with Currencies Direct to deliver real-time remittances through Ripple's xCurrent payment protocol.

article thumbnail

The State of Automation in Financial Services 2024 Report

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

article thumbnail

Bitcoin Daily: IBM Eyes Blockchain For African Agriculture; CFTC Goes Back To School On Ethereum

PYMNTS

BitPay has announced that OneGold, a marketplace that combines the benefits of gold and silver with blockchain-based digital assets, is now accepting bitcoin and bitcoin cash. Founded by APMEX and Sprott, OneGold allows investors to buy, sell and redeem digital gold and other precious metals. “Cryptocurrency is an ideal payment method for ecommerce and precious metals where the risk of chargebacks, fraud and identity theft with traditional credit cards is high,” Sonny Singh, chief commercial off

Bitcoin 173
article thumbnail

Compliance resource drain holding back capital markets innovation

Bobsguide

Firms “completely consumed” by solving regulatory projects are holding back proper back office innovation in capital markets, according to Alastair Rutherford senior advisor for Nomura Research Institute. Speaking at an industry event in London this week, he argued that when companies.

Resources 101
article thumbnail

How Digital Will Change Brick-and-Mortar In 2019

PYMNTS

Give a deep and welcoming hello to the newest form of window shopping — a consumer behavior that will help to shape retail in 2019 and beyond, and a trend that stands as an increasing part of shopping, one that promises to impact brick-and-mortar merchants as they decide how to innovate. As detailed in the recent PYMNTS Remote Payments Playbook , consumers are turning away from physical stores when it comes to product discovery.

article thumbnail

Cash optimization with multi-currency and virtual accounts

Bobsguide

In today’s global marketplace, treasurers face the increasingly complex task of managing a corporation’s liquidity. As multinationals expand their overseas operations, more and more bank accounts are being opened for different geographic regions, currencies, and business needs. With so.

article thumbnail

Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

article thumbnail

Bitcoin, Altcoin Continue Downward Slide As Investors Bet Against Them

PYMNTS

Bitcoin, the world’s best-known cryptocurrency, continued its downward slide on Tuesday (Dec. 11), reaching a new low, according to a report by MarketWatch. Tuesday morning saw one bitcoin trading at $3,333.60, which is down 2.1 percent since end of day Monday. If the ubiquitous digital currency continues its slide to below $3,220, that would be its lowest level since Sept. 17, 2017, when it dropped below $3,000.

Bitcoin 167
article thumbnail

Selecting the right data management platform

Bobsguide

As more market participants realize how essential strong data governance is over the past few years, the market for enterprise data management (EDM) solutions has grown exponentially. While there are many vendors out there, choosing the right one can be crucial for the firm’s long-term.

article thumbnail

Post-Toys R Us, Retailers Vie For Experiential Toy Shoppers

PYMNTS

Retailers are doubling down on toys amid a gap in the market left by the bankruptcy of Toys R Us. U.K. toy retailer Hamleys , for instance, is eyeing a potential New York City location for a flagship store. A source close to the matter told CNBC that the retailer is nearing a deal for a space at 2 Herald Square that would encompass approximately 30,000 square feet.

Retail 166
article thumbnail

Higher fees for non-3DS compliance as deadlines loom

Bobsguide

The global rollout of EMVCo’s Three-Domain Secure protocol (3DS) continues in earnest as the card networks impose geographic deadlines for the implementation of 3DS2 (3DS 2.0, as it is also known) by 2019 and 2020. In the meantime, the card networks will take the stick to straggler.

article thumbnail

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

article thumbnail

For Brexit, Uncertainty The Only Certainty

PYMNTS

Exit for Brexit? That’s a bit of shorthand, a glib reading of tea leaves for what happens next. Yes, it’s possible that Brexit gets shown the door, amid chaos that puts that option on the table, along with several others. The chaos here has some wide readings to the Continent at large, and financial services in particular. First, the options — and at this writing, they each offer winding paths.

Course 166
article thumbnail

bobsguide Software Rankings 2018 winners announced!

Bobsguide

We asked market participants to vote for their top fintech software providers for the year, and they obliged: the bobsguide 2018 Software Rankings voting system was inundated with votes from firms employing financial software solutions and now, we’re very pleased to announce those.

article thumbnail

Nurx’s Mission To Be More Than ‘The Uber Of Birth Control’

PYMNTS

Over the last five or so years, there has been no shortage of businesses that have been described as the “Uber of something” – the Uber of boats, the Uber of hats, the Uber of childcare, the Uber of jets, and so on. Sometimes those descriptions make sense and sometimes they are a bit of a stretch – but in some cases, the overuse of the descriptor has the slight disadvantage of making firms less memorable.

article thumbnail

POS lending’s not yet tipping the ‘scales’

Payments Source

Fintechs and banks are both pursing the market, which much adjust to handle the larger volume, according to Nufar Segal Bareket, a general manager at Jifiti.

Fintech 89
article thumbnail

Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.

article thumbnail

Digital Disruption Jumps To Top Of C-Suite’s 2019 Concerns

PYMNTS

A new report from consulting firm Protiviti finds corporate c-level executives have shown a sudden spike in their concern over the “digital readiness” of their organizations, particularly as older companies struggle to embrace technology and compete with “born digital” players. In its 2019 Executive Perspectives on Top Risks survey, published last week, Protiviti surveyed 825 board members across industries and across geographic markets to understand how corporations toda

article thumbnail

BCPF proposes revision to no-action letter policy and creation of new product sandbox

CFPB Monitor

The BCPF has issued proposed revisions to its 2016 final policy on issuing “no-action” letters (NAL), together with a proposal to create a new “BCPF Product Sandbox.” Comments will be due no later than 60 days after the date the proposals are published in the Federal Register. Proposed NAL policy revisions. The revisions are intended to address the 2016 policy’s many shortcomings.

article thumbnail

In Cryptoland, Jobs Disappear As Speculators Flee

PYMNTS

What goes up must come down, as goes the old saying. So, crypto prices soared, crypto prices crashed, staffing levels grew and now, staffing levels are being trimmed – and, in some cases, cut to the bone. The Wall Street Journal reports that cryptocurrency firms are laying off employees, a survival tactic in a world where crypto prices have crashed in some instances by more than 85 percent.

article thumbnail

Crypto still lacks the stability and simplicity necessary to be a currency

Payments Source

There are barriers to overcome before we will see widespread adoption as a payment option, yet the path is viable, says Jared McClure, co-founder and COO of CrayPay.

article thumbnail

2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.