Chris Skinner
NOVEMBER 27, 2019
People were surprised to see a headline that garnered much market shock: Markets Crash after reports that Binances Shangai Office Closed in Crypto Crackdown Argh. Crypto meltdown! I was amused to see a headline that garnered much online mirth: Markets Crash after reports that Binances Shangai Office Closed in Crypto … The post Crypto and banking are one and the same appeared first on Chris Skinner's blog.
PYMNTS
NOVEMBER 27, 2019
The global payments ecosystem’s path to faster and real-time payments ubiquity is an evolution, not a revolution. That is to say, mass adoption will take time, and the factors driving that adoption will almost certainly continue to change and shift as end users’ needs do the same. Among corporates, there is an increasing demand that their global payment activity is able to keep up with the pace of doing business.
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Bank Innovation
NOVEMBER 27, 2019
Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, November 29, 2019. In this episode, Suman Bhattacharyya, deputy editor, and Angely Mercado, associate editor, discuss the following news developments: How MoneyLion’s appointment of a chief operating officer will help fuel its growth plans; The debate among banks and […].
Chris Skinner
NOVEMBER 27, 2019
Things we’re reading today include … Revolut marketing boss says bank is not “untouchable” Lloyds plan to cut chief executive’s pay by £220,000 Wall Street hits record high after US GDP is revised up – business live Deutsche Bank offloads assets to Goldman in restructuring Ant Financial builds $1bn start-up investment … The post Things worth reading: 28th November 2019 appeared first on Chris Skinner's blog.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
PYMNTS
NOVEMBER 27, 2019
The First Deputy Governor of the central bank of France, Denis Beau, spoke in support of a blockchain-based settlement system that would allow for faster transfers of euros, as well as be more cost-efficient, according to a report by Yahoo! Finance. Beau wants to use distributed ledger technology (DLT), and France is considering a central bank digital currency (CBDC).
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
NOVEMBER 27, 2019
Small businesses are a growing target for bank-FinTech collaborations and data integration initiatives as financial service providers explore new use cases for open banking. For small- to medium-sized businesses (SMBs) in particular, the growing population of back-office enterprise apps, forcing users to toggle between platforms and manually move data from one portal to another, is among the most popular scenarios in which data integrations can support more efficient operations.
Payments Source
NOVEMBER 27, 2019
With only 17 million users, compared to PayPal’s 300 million, Honey seems minuscule. But this is PayPal's largest acquisition ever by price, and it far eclipses the $800 million PayPal spent in 2013 for Braintree, which owned Venmo.
PYMNTS
NOVEMBER 27, 2019
In addressing the innovation gap that exists between credit unions and their larger financial institution (FI) brethren, credit unions (CUs) may be perceived to be at a disadvantage, at least when it comes to dollars. At first glance, that gap may seem insurmountable in the age of mobile banking , where technology is a vital component of financial services.
Jack Henry
NOVEMBER 27, 2019
I have a love-hate relationship with credit scoring for small business clients. Having started my career in banking, where we moved from traditional underwriting to credit scoring, I have seen both the good and bad of scoring models. Over the past 20 years there have been numerous shifts in how financial institutions attract and attain small businesses.
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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
PYMNTS
NOVEMBER 27, 2019
China’s Alibaba affiliate Ant Financial is drumming up $1 billion to fund startups in Southeast Asia and India, Bloomberg reported on Tuesday (Nov. 26) citing a source. Jack Ma’s FinTech firm has its eye on new companies in emerging markets that focus on payments and online financing, the source said, confirming a DealStreet Asia report. . At the Beijing 2019 Global Young Entrepreneurs Conference on Tuesday, Ji Gang, vice president of Ant Financial, told those in attendance that his company was
Payments Source
NOVEMBER 27, 2019
Most mainland investors can still only watch gains in Alibaba Group Holding Ltd., as China’s most valuable listed company extends increases after its Hong Kong stock exchange debut.
PYMNTS
NOVEMBER 27, 2019
Sharing economy platforms have become a force to be reckoned with, as a sizeable number of consumers use them to make their lives easier. The segment, however, attracts scammers – but technology is becoming better at detecting fraud. And in retail, luxury and upscale commerce is undergoing significant changes as holiday shopping kicks off and a new decade nears.
Payments Source
NOVEMBER 27, 2019
Apple Pay raises funds to fight AIDS; Amex expands dining reservations; and other information you need to start your day, from PaymentsSource and around the web.
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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
NOVEMBER 27, 2019
It’s not easy being small — especially in business, and often when it comes to banking and payments. The bigger players take up more space at the table, and, for various reasons, often face fewer barriers to market entry and expansion than small- and medium-sized businesses (SMBs). That can hold especially true in wealthy countries, such as the United Arab Emirates (UAE), as discussed in a new PYMNTS interview with Evans Munyuki, chief digital officer of Emirates NBD , a UAE banking group.
BankBazaar
NOVEMBER 27, 2019
If you’re mulling over making your first P2P investment, here’s a step-by-step guide on how to go about it. Today, there’s no realm in our life that’s been left untouched by technology. In fact, it wouldn’t be too presumptuous to say that there isn’t a problem today that technology can’t solve. From paying your utility bills to applying for a Credit Card or Personal Loan , you can do it all online.
PYMNTS
NOVEMBER 27, 2019
For at least the last 15 years, it seems there has always been someone ready to write a eulogy for independent sales organizations (ISOs). The exact cause of ISOs’ predicted death changes every few years depending on what is going on in the payments ecosystem at the moment, First American ’s Vice President of Strategic Partnerships John Newton told PYMNTS in a recent conversation.
Matt Wilcox Pro
NOVEMBER 27, 2019
This post originally ran on November 20, 2017 THE FOURTH THURSDAY of November is a legal holiday in the United States. Designated as a national day of thanks, it is named, appropriately enough, Thanksgiving. Observing Thanksgiving in autumn has been around since the early 17th century. An act of Congress signed on October 6, 1941 established [.
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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
NOVEMBER 27, 2019
Coach Crates CEO and Founder David Wodzisz’s experience in baseball has been both on and off the plate. When he started coaching travel ball after college, he noticed that, as was the case during his playing days, a lot of practices were the same, “day in and day out,” he told PYMNTS in an interview. Wodzisz wanted to “help provide resources and tools to coaches” to make practices more challenging for players.
Image Works Direct
NOVEMBER 27, 2019
Here at image.works, we have a lot to be thankful for. This year, we celebrated one full year at our new building, welcomed new employees, connected with clients near and far and so much more.
PYMNTS
NOVEMBER 27, 2019
The holiday shopping season is kicking into high gear with retailers working aggressively to entice customers with deals and discounts. Fraudsters, sadly, are also taking notice and are looking to take advantage of heightened retail activity to steal data and goods. The expansion of EMV chip-enabled payment cards has made it more challenging for fraudsters to steal credit card information at the point of sale (POS).
Let's Talk Payments
NOVEMBER 27, 2019
The concept of sustainable finance broadly encompasses all those financial activities and initiatives that are directed towards achieving social, environmental and economic sustainability, in addition Read more
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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.
PYMNTS
NOVEMBER 27, 2019
The CEO of PT Mandiri Capital Indonesia, the venture capital arm of PT Bank Mandiri, said the only way digital payment platforms can ever make money is by acting as a sort of portal into other services, otherwise it’s “just a cash-burning exercise,” according to reports. CEO Eddi Danusaputro said that in Indonesia, providers of digital payment services are so desperate for customers and market share that they’re offering deep discounts.
FICO
NOVEMBER 27, 2019
Behind the headlines on financial crime compliance are big challenges. Criminals are getting more and more sophisticated. Rapid payments, instant payments, PSD2 have been vehicles to further misuse the financial system for laundering money and harming banks, their customers and the economy worldwide. On the other side, there is a lot pressure on banks to stop the constantly increasing costs of being compliant.
PYMNTS
NOVEMBER 27, 2019
Uber was declared “not fit and proper” to operate in London — the ride-hailing company’s largest European market — and now has three weeks to appeal, according to a Monday (Nov. 25) statement from Transport for London (TfL). . London regulators refused to renew the ride-hailing company’s operating permit over safety concerns and drivers using false identities.
CB Insights
NOVEMBER 27, 2019
Fintech. 1. Charles Schwab acquires TD Ameritrade for $26B. Stock brokerage firm Charles Schwab is set to acquire rival TD Ameritrade in a $26B all-stock deal. Want the full post? Become a CB Insights customer. If you’re already a customer, log in here. The post Client Note: Wells Fargo Looks To BaaS, A $26B Acquisition, Paytm’s $1B Raise, And More appeared first on CB Insights Research.
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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.
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