PYMNTS
MARCH 17, 2019
The People’s Bank of China (PBOC) announced that it is planning to steadily develop a system of rules to regulate financial technology (FinTech) in the country. According to Reuters , China’s central bank also revealed that it intends to completely utilize the technology to enhance the flow of credit and reduce financing costs for businesses, as well as improve the ability to prevent risks.
Payments Source
MARCH 17, 2019
A movement to eliminate cash for routine transactions has been building for years, with sports stadiums often seen as an ideal setting to test whether consumers are willing to ditch cash for a full day out.
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PYMNTS
MARCH 17, 2019
Google is getting ready to announce its own game streaming service. The tech giant will show off its plans to enter the $100+ billion gaming industry during the Game Developers Conference presentation on Tuesday (March 19) in San Francisco. It is expected that the presentation will include a commercial version of its “Project Stream” service, as well as a look at its “Yeti” gaming console.
Payments Source
MARCH 17, 2019
An overwhelming amount of transactions can cause noncompliant payments to fall through cracks. New technology such as AI can be helpful, says Josephine McCann, a senior marketing associate at AppZen.
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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
MARCH 17, 2019
Lyft is set to launch the investor road show for its initial public offering on Monday (March 18). Citing people familiar with the matter, Reuters reported that the ride-hailing platform wants to raise as much as $2 billion and be valued at more than $20 billion. The company aims to trade on the Nasdaq Stock Market with the symbol LYFT by the end of this month.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
MARCH 17, 2019
Daily trading volume for bitcoin topped $11 billion on Friday (March 15) — its highest point in almost one year. Although bitcoin’s price is at nearly half of what it was in November 2018, CoinDesk noted that the boost in trading volume could be a sign investors are still interested in the most popular crypto. In other news, a security researcher has discovered a phishing scam that tricks victims into downloading a malicious Chrome extension that steals cryptocurrency.
The Financial Brand
MARCH 17, 2019
Financial marketers face a competitor who's hard to beat: parental 'lenders' without credit standards nor interest. But the problems run deeper. The post ‘Bank of Mom & Dad’ Ranks 7th Among Mortgage Originators appeared first on The Financial Brand.
The Financial Brand
MARCH 17, 2019
Dobot is a clever mobile app that automatically shifts funds from checking accounts users have at other banks into Fifth Third accounts. The post Fifth Third’s Savings App Automatically Drains Deposits From Rival Banks appeared first on The Financial Brand.
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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
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