Chris Skinner
JULY 5, 2018
Whilst in New Zealand, I had an interview with the country’s most respected business paper: National Business Review. The subsequent article is behind a paywall but, as they sent it across to me, I feel it’s worth sharing here. The battles for the future of fintech The future of financial … The post The battles for the future of fintech appeared first on Chris Skinner's blog.
Bank Innovation
JULY 5, 2018
Bank of America has Erica, Capital One has Eno, Bank of Montreal has Bolt. Safe to say that most major banks are at least exploring the possibility of a virtual assistant, if they don’t already have one. And there is more to this virtual assistant than just the cool factor, for banks these chatbots improve […].
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Payments Dive
JULY 5, 2018
Reserve your spot to participate in a live discussion with fraud prevention experts about survey results and benchmarks for different industries.
Bank Innovation
JULY 5, 2018
Laurel Road, a bank that is selling fintech products and services, has scored a sales win, securing Country Bank as a client. Laurel Bank Road is hitting on a trend: more small banks are considering digital methods for loan underwriting. Larger banks like Bank of America and SunTrust Banks Inc. have recently added digital mortgage lending, and that same […].
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Chris Skinner
JULY 5, 2018
Things we’re reading today include … England World Cup win would score ‘unadulterated’ economic boost, Bank of England governor says Cloud Euro bank regulator: Don’t follow the crowd. Stay off the cloud A new era in bank regulation will allow the City to focus on the future This Swedish Bank … The post Things worth reading: 6th July 2018 appeared first on Chris Skinner's blog.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
JULY 5, 2018
It seems that blockchain may never leave the lab and enter the real world. And, indeed, this week’s Blockchain Tracker continues its coverage of ongoing tests and trails of blockchain solutions. That includes a new Know Your Customer (KYC) application for banks, as well as Hong Kong’s latest cross-border trade finance initiative using distributed ledger technology (DLT).
Payments Dive
JULY 5, 2018
UPI has progressed rapidly to become India’s universally popular interface for payments.
PYMNTS
JULY 5, 2018
The European Union’s (EU) new data privacy law isn’t being followed by some of the globe’s biggest technology companies, according to research from the EU Institute. According to a report in Bloomberg , researchers found, of the 14 major technology companies’ privacy policies that used artificial intelligence software, a third of the privacy clauses were either “potentially problematic” or contained “insufficient information.” What’s more, an
Payments Source
JULY 5, 2018
This week's ruling from a U.K. appeals court is the latest of many episodes in a battle between merchants and card brands that has influenced regulations, technology, market strategies and nearly all other aspects of the payments ecosystem.
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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
JULY 5, 2018
By the cultural standards of today, the technology is ancient, born amid hot jazz and bootleg booze, when memories of the slaughters of the “The Great War” — now called World War I — were still fresh enough to hurt. History, though, is often wonderfully contradictory, even contrarian, and as the internet age matures, it is becoming more difficult to imagine digital life without the benefit of television.
Bobsguide
JULY 5, 2018
With tectonic shifts in the global banking industry, digital SMEs are demanding greater services from regional banks. The intertwined and mutually beneficial set of circumstances that the BASIC countries find themselves in has seen an economic boom with technology and a large consumer market.
PYMNTS
JULY 5, 2018
In the 26 years of continued economic growth in Australia , cash has continued to play an imperative role. In 2016 alone, Australian consumers and businesses spent some $143 billion in cold, hard cash. But while the country sees a high usage of the age-old payment method, it is also seeing a proliferation of digital payment methods. Established financial institutions and up-and-coming FinTech startups alike are introducing an endless stream of new payments technologies.
Bobsguide
JULY 5, 2018
Let’s imagine a scale against which all asset management firms could evaluate their power to innovate. In my opinion I do not think most asset management firms would appreciate where they would be located on an ‘innovation capacity scale’ If they had more of an objective.
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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
PYMNTS
JULY 5, 2018
A violation of company policies has cost Barnes & Noble CEO Demos Parneros his job. The retail chain did not detail the specific nature of how Parneros broke the rules but said that his firing “is not due to any disagreement with the company regarding its financial reporting, policies or practices or any potential fraud relating thereto,” according to a company filing on Thursday (July 5).
Payments Source
JULY 5, 2018
Whatever the reason that Plaid, a prominent data aggregator, can no longer access data from Capital One, the situation demonstrates how fragile fintechs are when they lose banking access.
PYMNTS
JULY 5, 2018
The vast majority of traditional financial institutions (FIs) plan to increase their collaborative efforts with the FinTech world, according to a PwC report published last year. With competition heating up from the FinTech firms themselves, banks seek efficient, affordable ways to improve their services without having to entirely scrap decades of legacy infrastructure already in place.
Payments Source
JULY 5, 2018
The information you need to start your day, from PaymentsSource and around the Web: Paytm's Bollywood ambitions, Dubai turns to the Pays, new companies in the regulatory sandbox, and more.
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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.
PYMNTS
JULY 5, 2018
In Germany, security matters. In China, one must make sure to bring their top mobile game. Scandinavia has a thing for invoice-based payment programs. Much of North America remains anchored to major-brand credit cards. As digital technology keeps bringing new efficiencies to transactions, and more consumers around the world turn to eCommerce for retail and other purchases, an accompanying trend is making life interesting for merchants and payment providers.
Payments Source
JULY 5, 2018
In this highly competitive environment, catering to the unique needs of each customer is more important than ever, writes Matt Clark, president and COO of Corcentric.
PYMNTS
JULY 5, 2018
A decade ago, when Britain first launched its Faster Payments Scheme , buzz had barely begun on the topic. Ten years and 9.1 billion payments later, the world is catching up and catching on, and faster payments are part of almost everyone’s plans. The question now is how to keep up with the tempo — and maybe even nudge it faster. The efforts come on all sides: B2B players , small credit unions and fitness-based firm Garmin are all asking the same questions when it comes to moving money and makin
Payments Source
JULY 5, 2018
The GDPR doesn’t mandate how data requests should be made, but it does say that organizations handling personal data should be prepared to handle the requests. One would be right to wonder whether companies are as prepared as they should be.
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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.
PYMNTS
JULY 5, 2018
The U.S. payroll services market saw consolidation this week with Asure Software announcing Tuesday (July 3) that it acquired USA Payroll. A press release said USA Payroll is a reseller of various payroll and human resources solutions, including Asure’s HRIS platform, Evolution. The tool helps businesses mitigate payroll compliance risk. Furthermore, USA Payroll provides customers with payroll and tax services, timekeeping, third-party administration and other back-office services.
Payments Source
JULY 5, 2018
A British appeals court ruled in favor of retailers including J Sainsbury Plc in a blow to credit card firms that could now face billions of pounds in damages.
PYMNTS
JULY 5, 2018
Worried about a Christmas without the prospect of the hallowed Toys R Us to guide you through? Good news. Just because Amazon was one of the forces that was key to the demise of Geoffrey the Giraffe, doesn’t mean it does not want parents everywhere to be in the know when it comes to filling their children’s Christmas coffers. No, the online retail giant has decided that it will step in to fill the void Toys R Us left and print a holiday catalog of its own.
Payments Source
JULY 5, 2018
The payments processor has pulled its submission to the FDIC to become a depository bank but says it plans to make a second attempt soon.
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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.
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