Chris Skinner
SEPTEMBER 26, 2018
Good question, and it all depends on the revenue forecast. However, if you want to get an idea, a new survey from Moorlands Human Capital, an executive recruitment search and consulting company, has a view. That’s because they asked 500 FinTech companies how much they pay the CEO? And it … The post How much is a FinTech CEO worth? appeared first on Chris Skinner's blog.
Bank Innovation
SEPTEMBER 26, 2018
Half of all bank leads are not followed up, and millions of irrelevant offers are mailed at great expense to people who throw them straight in the garbage. Why is this? If you ask CRMNext CEO Joe Salesky, it's because of inadequate CRMs. (In case it wasn't clear from his company's name, Salesky sells CRMs.) […].
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Chris Skinner
SEPTEMBER 26, 2018
Things we’re reading today include … BBVA’s Francisco González retires after 18 years City insists Brexit still poses long-term risk to jobs, but just 630 roles have moved to date UBS: floor show Barclays apologises after incorrectly telling some customers they didn’t have PPI World’s largest biometric ID system approved … The post Things worth reading: 27th September 2018 appeared first on Chris Skinner's blog.
Bank Innovation
SEPTEMBER 26, 2018
The second day of Finovate Fall in NY kicked off with a socially oriented demo from Russian digital-only bank Tinkoff, which debuted a “stories” feature within its mobile app. The customer engagement and marketing tool differs from the feature available on popular social networking apps like Facebook and Instagram in that it does not have […].
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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
SEPTEMBER 26, 2018
The latest corporate banking offering by Citi aims to virtualize treasurer accounts for more personalized, streamlined services. The bank said in an announcement Tuesday (Sept. 25) that it is rolling out Citi Virtual Accounts for institutional clients. The tool lets corporate customers segregate balances within their physical accounts into virtual ones, which can offer enhanced receivables, payments and liquidity management.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
SEPTEMBER 26, 2018
Square has announced the launch of the Square Payroll App , a self-serve tool that makes it easier for employers to manage the payroll process. With this new app, employers can go from signup to sending a pay run within minutes, with features including push notifications and automatic payroll. “And the app’s mobile-first design offers an elegant, seamless experience across both the Payroll App and on desktop.
Bank Innovation
SEPTEMBER 26, 2018
If Finovate Spring was dominated by companies in lending and underwriting, then Finovate Fall was all about startups and service providers equipping banks with tools to help them provide better customer service. Whether that’s through data analytics, sales, CRM or even helping banks build better tools, the fintech companies demoing at Finovate in New York were […].
PYMNTS
SEPTEMBER 26, 2018
Stripe, the payments startup, has raised $245 million in a new round of venture funding, giving the company a valuation of $20 billion. According to a report in a tech outlet , citing the payments company, the round of fundraising was led by Tiger Global Management and included new investors DST Global and Sequoia. Existing investors Andreessen Horowitz, Kleiner Perkins, Khosla Ventures, General Catalyst and Thrive Capital also participated in the round.
Bobsguide
SEPTEMBER 26, 2018
Regulatory sandboxes have gained a phenomenal amount of traction in recent years as a dynamic staging ground fintechs can use to collaborate with government agencies and develop new technologies they wish to bring to market. From the Monetary Authority of Singapore and the Bank of.
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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
SEPTEMBER 26, 2018
Circle announced on Wednesday (Sept. 26) that, along with the CENTRE open source consortium, it has launched a service to tokenize U.S. dollars and use them on public blockchain on the internet. In a company blog post , Circle said individuals and institutions can enroll in the service to deposit U.S. dollars from bank accounts, convert those into tokens and redeem USDC tokens and cash them out to bank accounts.
Payments Source
SEPTEMBER 26, 2018
With increased scalability, more and more consumer products can be verified and monitored every second, writes Vlad Trifa, chief product officer at Ambrosus.
PYMNTS
SEPTEMBER 26, 2018
California Attorney General Xavier Becerra and San Francisco District Attorney George Gascón announced on Wednesday (Sept. 26) that they have reached a settlement with Uber Technologies Inc., in which Uber will pay $148 million to resolve allegations that it violated state laws pertaining to data breach reporting. In a press release , the two AGs said the settlement also covers charges that Uber violated reasonable data security laws with its 2016 breach of driver and customer information.
Payments Source
SEPTEMBER 26, 2018
Many companies no longer rely on static passwords alone, and use two-factor authentication to protect consumer accounts. The problem is they're using the same second factor: text messages sent to mobile devices.
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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
SEPTEMBER 26, 2018
JPMorgan Chase is reportedly in discussions with Lyft about being the lead banker on its pending initial public offering (IPO). CNBC , citing people familiar with the matter, reported that JPMorgan is seen as in the lead to be the underwriter after Goldman Sachs and Morgan Stanley opted not to go after the Lyft IPO, as they are working with Uber Technologies about its potential IPO.
Payments Source
SEPTEMBER 26, 2018
Even among the experts in the payments industry, people still use cash. Banks can't ignore this, according to Paul Amisano, senior vice president for enterprise digital and payments strategy at BB&T.
PYMNTS
SEPTEMBER 26, 2018
The initial coin offering (ICO) has emerged as a corporate financing trend just as volatile as many of the cryptocurrencies themselves. Earlier this year, CoinDesk data revealed more money was raised via ICO in the first quarter of 2018 than in the entirety of 2017, totaling $6.3 billion raised in those first three months. However, Autonomous Research recently released its own data that may signal a slump in ICO, noting that a mere $326 million was raised in August — significantly down from the
Payments Source
SEPTEMBER 26, 2018
Stripe has just closed a $245 million funding round that ups its value from $9 billion to $20 billion, said co-founder and Chief Executive Officer Patrick Collison. Several large new customers have also been listed on Stripe's website this week, including Alphabet Inc.’s Google and Uber Technologies Inc.
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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.
PYMNTS
SEPTEMBER 26, 2018
Visa is expanding the testing of its B2B payments technology, B2B Connect , into Thailand, according to reports. The Nation reported that B2B Connect is now being piloted by Thailand’s largest bank Kasikornbank. “Visa is proud that we have representation from a Thai financial institution in the pilot program,” said Visa Thailand Country Manager Suripong Tantiyanon in a statement. “Building on the enterprise blockchain technology, Visa B2B Connect is a new transaction pla
Bobsguide
SEPTEMBER 26, 2018
Simpler navigation, enhanced user face, and ability to send feedback directly through the app are some of the latest improvements to the CashPro Mobile user experience being offered by the Bank of America Merrill Lynch (Baml). “The statistics behind mobile adoption are compelling. We.
PYMNTS
SEPTEMBER 26, 2018
For Google, a bit of backtracking. In the wake of controversy over its Chrome browser that dominated headlines this week, the search giant has said it will change some of the ways the web browser operates. Concerns had been raised this week over how the company tracks users via Chrome. As had been reported via The Verge and other sites, security experts and industry observers had criticized the company for automatically forcing users to log into the Chrome browser if they signed into Gmail or ot
Payments Source
SEPTEMBER 26, 2018
The Merchant Customer Exchange may not have succeeded, but there is still value to the concept that drove the retailer-driven wallet, according to Brian Crist, chief payments counsel at Uber.
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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.
PYMNTS
SEPTEMBER 26, 2018
A case of complacency on compliance? As noted in a report that debuted on Tuesday (Sept. 25) from Verizon Communications, full compliance with the PCI DSS (short for Payment Card Industry Data Security Standard) dropped last year, the first decline seen in six years. The headline numbers: 52.5 percent of the organizations surveyed were in full compliance, according to data gleaned from 2,400 reports stretching back to 2012.
Payments Source
SEPTEMBER 26, 2018
Card-on-file tokenization systems enable payment details to be instantly refreshed when a card is lost, stolen or expires, according to André Stoorvogel a director at Rambus.
PYMNTS
SEPTEMBER 26, 2018
What’s old is always new again, and what’s new is often so very old. That’s not just the pseudo-intellectual basis of some booze-fueled, impromptu seminar held in a dorm room on Tuesday night because the internet went down. It’s an anchoring principle of modern economics, retail, marketing and culture. For the latest proof, just look to Amazon. It has decided to get into the home prefabrication business via an Alexa Fund investment in Plant Prefab , whose $6.7 million Series A funding round als
Jeff For Banks
SEPTEMBER 26, 2018
Not all financial institutions are publicly traded. But there are enough of them to help those that do not trade to measure what metrics drive the value of their franchise. So what metrics drive value? Umrai Gill , Managing Director of Performance Trust in Chicago presented his findings to the Financial Managers Society at their East Coast Regional Conference this month.
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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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