Sun.Jun 02, 2019

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M&A … Murder & Assassination

Chris Skinner

I was having a breakfast meeting with a banking friend who had recently been through a tortuous experience. His start-up had been acquired by a major traditional bank, and it ended with blood on the floor. The start-up got squeezed into the Empire, and it literally was like something from … The post M&A … Murder & Assassination appeared first on Chris Skinner's blog.

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Apple Winds Down iTunes

PYMNTS

There are plenty of signs that Apple is gearing up to say goodbye to iTunes. MacRumors reported that Apple has taken down all of the social media content from its iTunes page on Facebook, including posts, photos, and videos. In addition, it has removed all photos and videos from its iTunes profile on Instagram, while its Twitter account still has content for the time being.

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BofA to reissue 4 million cards in rapid contactless push

Payments Source

While major card issuers such as Chase and Wells Fargo roll out NFC-enabled credit and debit cards incrementally, Bank of America is taking much more aggressive approach.

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Bitcoin Daily: North Korean Hackers Target South Korean Crypto Exchange; Coinbase Pres Leaving Co

PYMNTS

North Korean hackers have targeted South Korean cryptocurrency exchange UpBit. According to Hard Fork , security firm East Security discovered that the hackers sent a phishing email to UpBit users asking for more information from customers regarding a fake sweepstakes payout. There was a file attached to the email claiming to include more information, but would instead run malicious code when opened.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

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It's still way too easy to steal payments data

Payments Source

Companies must be more prepared to defend user data from malicious outsiders, or suffer the consequences of lawsuits, sanctions from data privacy laws, decreased user trust, tarnished brand reputation, damaged investor relations and more, writes Ben Goodman, vice president of global strategy and innovation at ForgeRock.

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Ecommerce startup Parcel Perform expands to Europe

The Paypers

(The Paypers) Parcel Perform , a Singapore-based ecommerce logistics startup, has announced its expansion into Europe.

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Post-Baoshang Takeover, China Aims To Reassure Investors

PYMNTS

China’s Central Bank said over the weekend that there won’t be any more takeover of banks after the government’s intervention with Baoshang Bank , an Inner Mongolia-based bank. According to a report in Reuters citing China’s Central Bank, the government said that was a standalone incident and not indicative of a policy. “Everyone, please don’t worry.

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Alternative Lenders Continue to Steal Business From Banks

The Financial Brand

Banks and credit unions are at risk of losing small business customers if they can't provide easy and fast borrowing options. The post Alternative Lenders Continue to Steal Business From Banks appeared first on The Financial Brand.

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JCB cards to be accepted at Arkea's business partners

The Paypers

(The Paypers) JCB International and Arkea have partnered to allow Arkea’s business partners to begin accepting card members of the JCB network.

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The State of Automation in Financial Services 2024 Report

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

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Fintechs vs. Traditional Banks: Who Has the Bigger Advantage?

The Financial Brand

While fintechs give banks and credit unions a run for consumers' money, don't forget who won the race between the tortoise and the hare. The post Fintechs vs. Traditional Banks: Who Has the Bigger Advantage? appeared first on The Financial Brand.

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JCB introduces Web API service for merchant acquiring with ACI Worldwide

The Paypers

(The Paypers) JCB and ACI Worldwide have announced an alliance to introduce JCB Web API service using ACI`s UP ecommerce payments solution.

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Is the Banking Industry Going to Pot?

The Financial Brand

As marijuana legalization spreads, more financial institutions weigh joining the handful of their peers already banking the cannabis industry. The post Is the Banking Industry Going to Pot? appeared first on The Financial Brand.

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USAA, State Farm To Start Using Blockchain Payments

PYMNTS

National insurers USAA and State Farm announced last week that they inked a deal to pay each other claims on the blockchain. In a press release , State Farm and USAA said they are using real claims data to test how blockchain technology can quicken the auto-subrogation process. That’s usually the last phase of the insurance claims process, when one insurance company is paid out the claims from the accident.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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Investors Balk At SoftBank’s New $100B Tech Fund

PYMNTS

SoftBank’ s attempt to raise money for a second large investment fund is running into trouble, with some of the biggest money managers in the world showing little interest. The Wall Street Journal , citing people familiar with the matter, reported that SoftBank has made initial overtures to the money managers in an effort to raise $100 billion for a tech fund geared toward startups.

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DOJ To Open Google Antitrust Probe

PYMNTS

The Justice Department is gearing up to launch an investigation into Google to find out if it engaged in antitrust practices. Reuters , citing two sources familiar with the matter, reported the investigation will focus on whether or not Google gave its owned businesses preference in search queries. The U.S. Department of Justice joins other regulators in going after Google for anti-competitive behaviors.

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