Chris Skinner

MARCH 8, 2018

Today, I appear to be pretty well-known and respected in the FinTech community. Often voted as an influencer, invited to give keynote speeches at megaconferences and the successful author of 15 books, as well as chairing and being an advisor to many companies, life is pretty good. But it wasn’t … The post Why being made redundant was the best thing that ever happened to me appeared first on Chris Skinner's blog.

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Bank Innovation

MARCH 8, 2018

Berlin-based solarisBank has raised about $70 million (€56.6 million) in funding to further expand its banking platform and to create new products, the bank announced today. Investors in the new round for the fintech, which was one of the first to gain a full banking license after its launch in 2016, include payments processor Visa.Read More.

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Payments Dive

MARCH 8, 2018

Dr. Louise Beaumont, strategic adviser at Sapient Consulting, discusses the e-commerce's potential interest in banking.

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Bank Innovation

MARCH 8, 2018

The Securities and Exchange Commission is telling investors to ask their cryptocurrency platforms 13 questions to weed out the “”potentially unlawful” ones. In a statement released yesterday, the SEC released 13 questions for investors to ask as a means of identifying crypto trading platforms that could be illegal and thus dangerous to investors.

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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

Lending

Chris Skinner

MARCH 8, 2018

Things we’re reading today include … Finance has a shocking gender pay gap. Shining a light on it is just the start | Nicky Morgan Tesco Bank cancels customers’ credit cards after suspected fraud – what to look out for ompanies with more female executives make more money, Bank of … The post Things worth reading: 9th March 2018 appeared first on Chris Skinner's blog.

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PYMNTS

MARCH 8, 2018

TSYS, a global payment technology company based in Georgia, announced Wednesday (March 7) a new payment solution dubbed Advanced AuthControl will be implemented at Walmart and Sam’s Club locations around the United States. In a press release , TSYS said the patent-pending payment solution is able to recognize qualified purchases by a consumer’s health care plan.

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Bank Innovation

MARCH 8, 2018

EXCLUSIVE—Distributed ledger platform Baton Systems took home the prize for Bank Innovation’s 2018 DEMOvation challenge this week, beating out ten other companies presenting demos at this year’s conference. Bank Innovation’s panel of DEMOvation judges chose Baton as the winner among ten other startups, including Clinc, Kony, Nuggets, Denoti, PrivaKey, and Active.AI.

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Bobsguide

MARCH 8, 2018

Dave Beach spoke to Pavol Magic, CEO of Biotron.io about the challenges and opportunities of the data market. Biotron.io is a user-permissioned and revenue sharing personal data warehouse benefiting from blockchain transparency to provide the most accurate user analytics, helping organizations make.

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Bank Innovation

MARCH 8, 2018

EXCLUSIVE – In honor of International Women’s Day, it’s important to appreciate the progress women have made in the fintech world. But, it’s equally necessary to acknowledge that there’s a long way to go. Female-led startups still have a harder time getting investment, perhaps because most investment firms are led my men. “Limited partners fund.Read More.

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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

Report

PYMNTS

MARCH 8, 2018

On this day in 1946, the future of commercial air transportation was forever reshaped: Bell Helicopter ’s Model 47B was granted the first commercial helicopter license in the world. As a result, carriers were able to quickly ferry passengers over short distances in the air. In 1953, for example, New York Airways took to the skies as a passenger carrier and offered a way for people to travel between New York City airports or from the airports to the city.

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Bank Innovation

MARCH 8, 2018

EXCLUSIVE – British PFM app Emma today announced an integration with its second banking partner, Starling Bank, since gaining approval from the FCA (Financial Conduct Authority) to operate under the new PSD2 mandate. “Our customers can now use Starling's Open Banking APIs to connect their accounts to Emma…This is our 2nd OB integration, the first one.Read More.

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PYMNTS

MARCH 8, 2018

Every business walks the same tightrope when it comes to processing payments: Convenience versus security. It doesn’t matter if the business is consumer-facing or serving other businesses (B2B); security is top of mind for all of them, yet adding more layers can introduce more friction, and that can scare customers away. It’s the question that everyone’s asking, many are answering and none have perfectly solved.

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Bobsguide

MARCH 8, 2018

Data quality Management (DQM) continues to remain in focus for many Banking organizations due to number of key business drivers which range from regulatory compliances, access to quality information, gaining predictive insights that help in business decisions and driving future business strategies.

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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.

Lending

PYMNTS

MARCH 8, 2018

Ripple’s CEO would like regulators and the cryptocurrency industry to learn how to get along. “It’s incredibly important that the entire industry recognizes that we have to work with the regulators, we have to work with the system,” CEO Brad Garlinghouse said in an interview on CNBC. “The blockchain revolution is happening from within the system – it’s not going to happen from outside the system.” The Securities and Exchange Commission (SEC) announced on Wednesday (

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Payments Source

MARCH 8, 2018

The information you need to start your day, from PaymentsSource and around the Web. Today: Activists plan anti-gun protest at Visa headquarters; New cannabis payment wallet; Judge rules cryptocoins are commodties; Google debuts chat for Tez in India.

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PYMNTS

MARCH 8, 2018

Going global is no longer a nice-to-have for online merchants; it really is a must for those who hope to grow their brand and remain competitive in the eCommerce space. As is so often the case, merchants must follow their customers’ lead – and customers are buying what they want from whatever merchants are offering those products, regardless of where those businesses are based.

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ATM Marketplace

MARCH 8, 2018

Major banks have already begun to invest in promising blockchain projects, and distributed ledger technology now seems poised to disrupt retail banking in an unprecedented way.

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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.

US

PYMNTS

MARCH 8, 2018

Online retailer eBay has launched a joint venture with a unit of Citic Private Equity Funds Management Co. Ltd., eyeing a boost to cross-border logistics and, of course, speeding delivery to far-flung end consumers. As reported by Caixin Global on Thursday (March 8), eBay signed an agreement with the Citic unit, Orange Connex Holding, with the joint venture to be called Orange Connex Ltd.

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Bobsguide

MARCH 8, 2018

With six months to go until the submission deadline for complete datasets, AnaCredit requirements continue to pose substantial challenges to the Banking industry. With AnaCredit reporting, the data quality and data management have become key focus areas. Sourcing data from multiple and disparate.

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PYMNTS

MARCH 8, 2018

As roughly one million international students visit the U.S. for higher education opportunities each year, many parents end up getting an unexpected crash course in cross-border car shopping. A slew of recent cross-border payment developments indicates that it’s time for various groups and markets to get a refresher on the shifting market. New solutions recently launched by players around the cross-border space are beginning to appeal to several sectors.

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Payments Source

MARCH 8, 2018

A combination of software, operating system and development tools can turn in-vehicle "informatainment" systems into payment gateways, according to Jim Carroll, chief technology officer at Mobica.

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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.

Compliance

PYMNTS

MARCH 8, 2018

The world is quickly embracing faster payments technologies as more jurisdictions implement the technology required to accelerate transactions. Next in line is Hong Kong, which plans to roll out its own faster payments scheme later this year. Reports in The Standard on Wednesday (March 7) said the Hong Kong Monetary Authority (HKMA) announced plans to introduce a faster payments system in September.

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Payments Source

MARCH 8, 2018

The company has added "Companion Accounts," which is designed to remove fees and enable shopping and expense management for relatives and companions that are in other countries, such as students or spouses.

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Groups Fintech Management Company 64

PYMNTS

MARCH 8, 2018

As regulators crack down on cryptocurrency exchanges, bitcoin slid again on Thursday (March 8) by 7 percent over a 24-hour period. Following a high earlier in the week, the cryptocurrency has tumbled more than 15 percent, CNBC reported. The popular virtual currency was trading at $9,809.63 as of 11:27 A.M., according to CoinDesk. That was down from a weekly high of $11,624 on Monday (March 5).

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Payments Source

MARCH 8, 2018

Even if a business is located in the USA, it’s where the service is delivered that determines if the GDPR rules governing data protection in the EU apply, writes Mia Papanicolaou, COO of Striata.

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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.

Lending