Chris Skinner
JANUARY 27, 2019
During the second half of 2018, we were trying to work out the future of the Financial Services Club in light of one of our founders, Andy Coppell’s retirement. We have now made an agreement with Z/Yen, the long respected City research and consulting firm, to run our operations together … The post An important announcement about the Financial Services Club appeared first on Chris Skinner's blog.
PYMNTS
JANUARY 27, 2019
Mastercard , the payments company, said late last week that it is still committed to operating in China. In a press release , Mastercard said that it is making every effort to secure the license to access the domestic Chinese market and confirmed it is in active talks with different solutions. Mastercard said it plans to present another application for a bank card clearing license shortly.
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Chris Skinner
JANUARY 27, 2019
The main blog headlines are … Digital banks have fast and regular communication A further aspect of the digital banks I am talking with is that they have reviews all the time. Not formal reviews, but fast meetings with the business people, designers, developers and even audit and compliance all … The post The Finanser’s Week: 20th January – 27th January 2019 appeared first on Chris Skinner's blog.
PYMNTS
JANUARY 27, 2019
MoneyGram International is looking at alternatives for the payments company including a sale, reported Reuters. Reuters , citing people familiar with the matter, reported MoneyGram is being prompted by its failed bid to sell itself to Ant Financial of China for $1.2 billion to look for strategic alternatives. Reuters reported that in addition to exploring strategic alternatives, the company is currently working to restructure its outstanding debt, which was at $902.8 million as of the end of Sep
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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
Chris Skinner
JANUARY 27, 2019
Things we’re reading today include … Mother’s lifesaving surgery stopped at last minute because her bank blocked payment for operation Bank’s Refusal to Release $1.2B of Venezuelan Gold Strengthens the Case for Bitcoin Banks gave $152 billion back to shareholders with little to show for it How a thriving town … The post Things worth reading: 28th January 2019 appeared first on Chris Skinner's blog.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
JANUARY 27, 2019
Blockchain reclaims proof of trust and allows users to reassign the data management role to a decentralized network guided by autonomous and immutable code, writes IIya Pupko, chief architect at Jitterbit.
PYMNTS
JANUARY 27, 2019
Roadside assistance startup Urgent.ly has raised $21 million in a Series B round that included venture arms of BMW, Porsche and Jaguar Land Rover. Urgent.ly’s platform supports roadside assistance services in North America, Europe and Asia, using artificial intelligence and geo-location to connect drivers, service providers and automotive manufacturers in order to provide the fastest help during a breakdown.
Payments Source
JANUARY 27, 2019
Zelle has been good for Bank of America’s P2P traffic, with the bank reporting eye-popping numbers every quarter. But the bank and the Zelle network have different ways of counting their volumes.
PYMNTS
JANUARY 27, 2019
India’s mobile phone market saw shipments increase 11 percent last year, with smartphone shipments growing 10 percent. According to market research firm Counterpoint ’s Market Monitor service, the research firm said India was the fastest growing smartphone market in 2018 with an annual growth rate of 10 percent. Counterpoint said in a press release announcing the results of the research that India is now the second largest smartphone market, with just China ahead of it.
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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
Ron Shevelin
JANUARY 27, 2019
Free checking is the biggest lie in banking. Banks shouldn't stop lying (to themselves)--they should kill the account altogether.
PYMNTS
JANUARY 27, 2019
Apple has changed the guidance for in-app subscriptions, upgrading the design and making it easier to find the guidance and clear and detailed rules. Apple is aiming to make the rules as clear as possible for in-app subscriptions in order to alleviate some of the fights developers have with App Review over what should be in the paywalls and upgrade screens and how the purchases can be presented, reported 9to5 Mac.
Lars Markull
JANUARY 27, 2019
Nearly a year ago I had written a blog post about the development of open banking around the world. The blog post was focused on the development in Asia and Oceania, mostly driven by the development in Australia. This week I have read the Open Banking report by PwC ( The future of banking is open How to seize the Open Banking opportunity ) highlighting the development around Open Banking.
PYMNTS
JANUARY 27, 2019
Reliance Industrial Investments is gearing up to raise ?4,000 crore to meet the company’s investment requirements and needs for funding, reported Deal Street Asia. The report , citing two people aware of the developments, said the funds will be raised via convertible preference shares across tranches at a dividend rate of 6 percent. RIIHL, the vehicle to invest in various subsidiaries of RIL , gives loans and buys stakes in various ventures, noted the report.
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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.
The Financial Brand
JANUARY 27, 2019
A perfect storm is brewing, and traditional financial institutions are sailing straight into it. Can they survive a big tech incursion? The post Millennials, Gen X and Even Boomers Will Ditch Banks for Amazon appeared first on The Financial Brand.
The Paypers
JANUARY 27, 2019
(The Paypers) Adam Vissing, IXOPAY : Investing in multi-acquirer setups enables merchants to achieve a higher degree of independence from any single payment provider
The Financial Brand
JANUARY 27, 2019
The list of top fintech and banking influencers is a who's who of people to follow. List creator Jay Palter explains how the list is compiled. The post Top Fintech Influencers That All Financial Executives Should Follow appeared first on The Financial Brand.
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