Chris Skinner
MARCH 21, 2019
Watching the debacle of the #Brexit debate in Britain, you might think that the UK is in a national meltdown. According to a survey on the front of Metro this week, 9 out of 10 Brits think that the political handling of Brexit is a national humiliation. I must admit … The post Deutsche Bank and Commerzbank: the sick dogs of Europe #Brexit appeared first on Chris Skinner's blog.
Payments Dive
MARCH 21, 2019
As social media platforms increasingly play in the payments space, what does this portend for the banking industry?
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Chris Skinner
MARCH 21, 2019
Watching the debacle of the #Brexit debate in Britain, you might think that the UK is in a national meltdown. According to a survey on the front of Metro this week, 9 out of 10 Brits think that the political handling of Brexit is a national humiliation. I must admit … The post Deutsche Bank and Commerzbank: the sick dogs of Europe #Brexit appeared first on Chris Skinner's blog.
Bank Innovation
MARCH 21, 2019
Rapid prototyping and an innovation-oriented mindset are two characteristics that make a bank a good fintech partner, according to panelists at the Bank Innovation Ignite 2019 conference in Seattle last week. The shorter the time a bank takes to work with a fintech from proof of concept to time-to-market, the better, Rob Guilfoyle, CEO of […].
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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
Payments Dive
MARCH 21, 2019
Galileo announced significant company growth and an expanded portfolio of payments and cash management solutions that increases business opportunities for its clients.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
MARCH 21, 2019
Citi Ventures led a $28 million Series C equity round for client management platform HoneyBook, the company announced today. The San Francisco-based fintech startup also announced it has surpassed $1 billion in bookings through its platform, which enables small businesses and freelancers to streamline processes from capturing leads and delivering proposals to sending invoices and […].
PYMNTS
MARCH 21, 2019
Very soon, eBay shoppers will be able to choose Google Pay as their payment method when checking out. The move comes as the latest expansion of its newly redesigned payments experience. In early 2018, eBay announced its plans to intermediate payments through a multi-year implementation that may last through mid-2020. PayPal remains a payment option at checkout — and will until at least 2023 — but Adyen is now eBay’s primary payments processor. eBay says it expects to manage the major
Chris Skinner
MARCH 21, 2019
Things we’re reading today include … The British Pound: Bank of America Eyes 10% Increase A bank-by-bank guide to analyst pay and bonuses Nationwide makes high street bank branch closure pledge Listen: Financial advice for young people, crowdfunding and why Brexit has ruined my dinner parties Sovereign wealth funds cut … The post Things worth reading: 22nd March 2019 appeared first on Chris Skinner's blog.
PYMNTS
MARCH 21, 2019
It’s one thing to want to improve or innovate. That’s the easy part, the stuff of daydreams, scribbles, memos, charts and PowerPoint presentations. What’s harder — and what really makes the difference — is figuring how, where and when to innovate, a task that must take into account various factors and even wildcards that keep popping up in the growing and global digital economy and its various ecosystems.
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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
Bank Innovation
MARCH 21, 2019
Racing to build what he calls the Uber of financial services, Nikolay Storonsky believes in keeping his foot on the accelerator. And watchdogs are starting to notice. Storonsky is getting a taste of the scrutiny that lies ahead as he tries to upend the world of banking with Revolut, his 3-1/2 year-old startup. The U.K.’s […].
PYMNTS
MARCH 21, 2019
Western Union announced that it has teamed up with cross-border payments network Thunes to enable customers to send funds directly into mobile wallets around the world. In addition, users of Western Union’s network of agents can also send funds directly into a recipient’s mobile wallet. “We are continuously expanding and enhancing our account payout portfolio, providing customers with multiple payout options including bank accounts, cards or mobile wallets,” Western Union Global Head of Account
Payments Source
MARCH 21, 2019
Google's ambitious new gaming platform, Stadia, could fundamentally change the way people make purchases online, according to Daniel Wolfe, editor in chief of PaymentsSource.
PYMNTS
MARCH 21, 2019
The nature of cannabis commerce is changing, and not just because of spreading legalization (with New Jersey the latest state to be in the midst of considering that move). More so than in many other industries, women have taken command of a retail sector that by all accounts was dominated by men when marijuana was mostly a black-market product. Women have become involved in all facets of the legal cannabis operations across the United States and Canada.
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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.
Payments Source
MARCH 21, 2019
Lyft, the No. 2 ride-share competitor behind Uber, recently filed its Form S-1 Registration Statement with the SEC in preparation for an IPO, and the data it revealed is eye-popping.
PYMNTS
MARCH 21, 2019
SWIFT announced Thursday (March 21) that six Spanish banks, representing 85 percent of the cross-border payments market in Spain, have adopted SWIFT global payments innovation or gpi. In a press release, SWIFT said with SWIFT gpi the cross-border payment transaction experience is greatly improved, with speed and transparency increasing. SWIFT gpi enables banks to conduct end-to-end tracking of the cross-border payment.
Payments Source
MARCH 21, 2019
Despite some significant advancements in the past two years, rifts are already developing in the U.S. move to faster payments.
PYMNTS
MARCH 21, 2019
There is a gap between what merchants say they want to do toward innovation and what they actually do — and from that gap come insights into retail and payments. A big payments acquisition, meanwhile, shines light on what the next commerce and transaction developments will look like. In healthcare, new technology designed to strengthen authentication is gaining ground, while truths about innovation also come from the top-performing financial institutions.
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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.
Payments Source
MARCH 21, 2019
Person-to-person payments have become table stakes for institutions looking to attract and retain younger customers. The service may also be one of the keys to keeping big-tech insurgents like Amazon at bay.
PYMNTS
MARCH 21, 2019
The passwords of between 200 million and 600 million Facebook users were stored in plain text and searchable by thousands of Facebook employees for years, according to reports. “As part of a routine security review in January, we found that some user passwords were being stored in a readable format within our internal data storage systems,” Facebook said in a statement.
Payments Source
MARCH 21, 2019
However, before we put all of our eggs in the blockchain basket, we need to examine whether the technology is ready to protect merchants from chargebacks and fraud, contends Suresh Dakshina, president of Chargeback Gurus.
PYMNTS
MARCH 21, 2019
Payment platform Marqeta has raised $250 million in a series E funding round, on a valuation of about $1.9 billion, according to reports. Marqeta, which is California-based and also works with payment cards for brands, is expected to close the round in a few weeks, although the numbers could potentially change. However, the $250 million and the valuation are the targets.
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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
MARCH 21, 2019
There is a growing proliferation of social P2P technologies within the U.K. banking sector, but the market for such payments is vastly different from that in the U.S., where social payment apps have found a welcoming audience.
PYMNTS
MARCH 21, 2019
It might not have been inevitable, perhaps, but it was certainly expected: a regulatory backlash concerning the booming trade (both online and in brick-and-mortar stores) of eCigarettes , with their different flavors attractive to younger consumers — including underaged ones. However, that backlash also promises to drive the eCigarette business online, and provide even more opportunities for ID verification and authentication providers.
CFPB Monitor
MARCH 21, 2019
According to a Wall Street Journal report , Facebook has agreed to remove age, gender, and zip code targeting for housing, employment, and credit-related advertisements as part of a settlement of a lawsuit filed by the National Fair Housing Alliance, the Communications Workers of America, and other plaintiffs. While Facebook reportedly did not permit advertisers to target specifically by race, it did allow advertisers to use “ethnic affinity” criteria.
PYMNTS
MARCH 21, 2019
Healthcare is an undoubtedly complicated space for all the players involved (the providers, insurers, patients, pharmaceutical manufacturers), particularly when it comes to payments. Not an entirely surprising fact, given that it is the collision of two highly specialized and extremely regulated worlds. The good news, TransCard CEO Greg Bloh noted in a recent conversation with Karen Webster and Mastercard EVP of Digital Payments and Labs Jess Turner , is that progress has been visible in recent
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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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