Mon.Oct 07, 2019

What does the term ‘challenger’ really mean?

Chris Skinner

I had a few people haul me up over my critique of Nicholas Megaw’s article in the FT last week, including Nicholas himself. I realised post the post that the issue is definitions.

Why The SAFE Banking Act Won’t Solve All Cannabis’ Payment Problems


One down, two more steps to go: That’s the situation with the federal SAFE Banking Act, which recently won approval by the U.S House of Representatives. The bill promises to open up cashless payments for the growing retail cannabis industry. If the bill were to win approval by the U.S.

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Affirm rolls out virtual card for checkout loans

Bank Innovation

The point-of-sale loan is evolving to a digital card that feels like a credit card but isn’t nearly as tough on customers’ budgets.

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What We’ve Learned From Libra


PayPal officially pulled its support of Facebook’s Libra initiative after it no-showed at the Libra Association meeting last week in Washington, D.C.

Robinhood adds ex-SEC official to board after regulatory issues

Bank Innovation

Robinhood is getting a new board member: Dan Gallagher, a former commissioner for the U.S. Securities and Exchange Commission. The addition comes almost a year after a planned Robinhood checking account product was torpedoed by regulatory and insurance questions.

India Lodging Startup OYO Raises $1.5B Led By Founder, SoftBank


India-based hotel and booking startup OYO announced a $1.5 billion funding round led by founder Ritesh Agarwal, SoftBank’s Vision Fund, Lightspeed Venture Partners and Sequoia India, Bloomberg announced on Monday (Oct.

Navy Federal Credit Union taps Blend to automate mortgage applications

Bank Innovation

Navy Federal Credit Union is taking inspiration from the fintech ecosystem in the revamp of its digital mortgage pre-approval tool.

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More Trending

Economic and Lending Trends Webcast Recap: GDP Growth is Slowing, But No Recession In Sight

CU Direct

The U.S. economy posted huge growth numbers in 2018. Conditions have cooled a bit in 2019, but despite numerous predictions of a pending recession in recent weeks, there are signs pointing to continued economic growth, for at least the next 12 months.

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Vocalink CEO: The Three Guideposts For Navigating Payments’ Evolution


The good news for customers — and the challenge for financial services players, both established and emerging as the decade comes to a close — is that when it comes to payments, this is the era of customer choice.

The Complex Post-Trade world of Securities and its API transformation

Daily Fintech

Internal communication and client communication in Securities Services remains a nightmare. This sector is actually a great example of batch processing, lack of cross border interoperability and standardization.

Xevo CEO: Why OEMs Will Win The Race For The Connected Car’s Future


More than a century of automotive culture has brought many exiting eras. Think about how the affordable Ford Model T opened up car ownership to the masses, or the macho fun of the muscle car era, or even the more mundane joy of the fuel-efficiency revolution over the last generation or so.

How BBVA picks its fintech partners


Susan French, head of product at BBVA Open Platform, discussed the bank's vetting of fintech partners and how it deals with the competitive threat that their products present. APIs Fintech Disruptors Digital banking Digital payments Real-time payments Real-time data pso cardline lead 1 BBVA

Healthcare Looks To 5G For Cost Control


The new 5G mobile network technology has started to make its initial foray into healthcare, and at a time when issues of cost, efficiency and accessibility are gaining even more focus than was the case before. As all that happens, potential use cases for 5G in the healthcare space are taking at least rough shape. Various deployments might take years to play out, given the bureaucracy and legacy inertia common in the massive healthcare industry.

12 Tips for Being a Great Tenant That Landlords Love for Apartments

Money Crashers

It’s all too easy to fall into the trap of thinking of your landlord as an adversary, someone whose interests clash with your own. But that faulty attitude can cost you time, money, and stress. In reality, your landlord is a supplier, someone who has a business relationship with you.


Affirm Expands Installment Payment Options To Any On, Offline Store


Silicon Valley FinTech Affirm is rolling out a new app that will give customers a way to shop at almost any store and split their payments, the company announced in a press release on Monday (Oct.

CRA reforms must go beyond branch banking


Regulators should consider online lending and a list of what loans qualify for CRA credit in any revamp of the outdated law. CRA Under-served populations Underwriting First time home buyers OCC Federal Reserve FDIC

Building A Destination For Campground Reviews (And Reservations)


Sarah Smith and her husband are avid campers. They’ve camped their entire lives. And when they moved to the Pacific Northwest, they began to camp every week — however, they would get mad at each other because neither one of them could find a campground that they could agree on to visit for a weekend.

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Ordering Refreshments

ABA Community Banking

A stale board can quickly become an ineffective board. Bank leaders and experts offer tips for strategically refreshing a board’s membership and structure. The post Ordering Refreshments appeared first on ABA Banking Journal. ABA Banking Journal Community Banking Featured

Big Tech Privacy Bill Faces Delays


Big Tech has faced a number of inquiries growing in scope and scrutiny as lawmakers have been focused on competitive practices and efforts to ensure data privacy and protection. To that end, Congress is reportedly not likely to pass legislation that will focus on data protection.

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Bosshard Financial to reach $1B in assets after McFarland State purchase


The Wisconsin company will have 15 branches in its home state after completing the acquisition. Community banking M&A Growth strategies

Trending: How EU Regulators Are Complicating SCA Compliance


Strong Customer Authentication (SCA) is just weeks-old and already mired in controversy. Merchants in the European Union (EU) are still wondering exactly what changes the regulation will bring when it comes to their relationships with customers.

WeWork problems highlight risks coworking poses for banks


The firm’s financial woes are mostly a result of overspending, but they have raised questions about how banks’ commercial real estate portfolios might fare if the coworking sector implodes. Commercial real estate lending Workforce management JPMorgan Chase Federal Reserve Bank of Boston

Amazon Unveils Fire HD 10 Tablet


With a device that comes at a cost of half as much as the least expensive iPad, Amazon announced a new Fire HD 10 tablet. The revamped model has new specs such as a better processor and fast charging, CNBC reported.

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Sterling in N.Y. continues to reshape its loan book with acquisitions


The company has agreed to buy a portfolio of commercial loans from Santander Bank. Community banking M&A Commercial lending Growth strategies New York

Look Here: Retailers Get Visual With Commerce Innovations


As consumers get more visual, so, too, does retail, and that is helping to fuel some significant innovation. Indeed, 3D mapping stands as one of the latest ways that spatially focused technology promises to improve the retail experience.

Banks and Thrifts with the Largest Portfolios of Home Equity Loans


On Jun. 30, 2019. Dollars in thousands. Ranking the banks Wedbush Securities National banks Community banking

Nav CEO: The State Of SMB Financing, A Glimpse At Its Future


Among the biggest challenges small and medium-sized businesses (SMBs) tackle — in good times and not so good times, economically speaking — is cash flow. As fundamental as revenue is, it doesn’t just matter how much an SMB brings in, but how much access it has to those funds when it needs them.

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Are small banks doing enough to counter margin pressure?


Community banks will likely face questions about mortgage lending, deposit gathering and M&A during earnings calls. Community banking Earnings Deposits Mortgages M&A Net interest margin

Domino’s Supreme Court Decision Spotlights Online Web Accessibility


When it comes to QSR and mobile innovation, pizza seller Domino’s has earned itself a leading position. Now, thanks to a court case brought against the chain by a blind consumer, we can probably expect more innovation in the coming years to make eCommerce more accessible to people with disabilities. On Monday (Oct. 7), the U.S. Supreme Court decided it would not hear a case brought against Domino’s by Guillermo Robles, who filed the suit three years ago.

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Ruling cuts short debt collectors’ victory lap over CFPB proposal


The industry had welcomed the Consumer Financial Protection Bureau plan allowing debt collectors to use electronic communication, but some worry about the effect of a court decision concerning email correspondence.

Deep Dive: Third-Party Delivery Apps Face Growth Challenges


Delivery rushes can overwhelm restaurants and quick-service restaurants (QSRs), but accepting food delivery orders online via third-party applications can provide critical relief.

Google exec named CEO of online lender OakNorth


Sunil Chandra's job will be to guide the fintech's international expansion. It says 12 banks are using its small-business lending platform, including three in the United States. Fintech Digital banking Small business lending Small business C-suite Career moves Google

Alight Pulls Virtual Assistant Tech Into Payroll


Payroll technology firm Alight Solutions is rolling out a virtual assistant to help payroll managers automate various tasks.

Israel Discount Bank in New York has new CEO


Ziv Biron succeeded Uri Levin, who was named CEO of Discount Bank, IDB's Israeli parent company. Community banking Succession planning Growth strategies New York

Hazeltree Acquires ENSO From CME Group


Hazeltree announced it has acquired ENSO Financial Analytics (ENSO), a leading provider of portfolio analytics for hedge funds and prime brokers, from CME Group for an undisclosed amount. IHS Markit participated in the investment, as well as existing investors.

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PayPal quits Libra project; HSBC to cut 10,000 employees


The decision is a blow to Facebook's digital currency plans; the reduction is the bank’s “most ambitious attempt to rein in costs in years.". Cryptocurrencies Digital banking Wealth management MBS Morning scan PayPal Facebook HSBC Credit Suisse

BRC Reports 1.3 Pct Drop In September UK Sales


After the British Retail Consortium (BRC) indicated the weakest growth in eCommerce and high street spending since the survey began in the mid-90s, merchants have called for the government to secure a deal for Brexit with the European Union. The trade body noted a 1.3

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