Payments Dive
AUGUST 28, 2018
Andrew Jamieson, the director of security & technology for the identity management & security unit at UL, writes that many technologies that would be enabled by biometrics are still vulnerable to spoofs and hacking.
Bank Innovation
AUGUST 28, 2018
When it comes to blockchain, the financial services sector has more distributed ledger projects than any other industry. A new survey, released by accounting firm PricewaterhouseCoopers today, found that among all industries, including healthcare and energy, financial services stood out as the one with the most blockchain-based initiatives. In all, 46% of FI executives polled […].
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PYMNTS
AUGUST 28, 2018
PayPal has increased its foothold in Eastern Europe and Africa, and has boosted its presence in the global remittance market, through a new partnership agreement. Its Xoom service has signed a deal with Euronet Worldwide subsidiary Ria , which will offer Xoom customers cash pickup services “at more than 150,000 of Ria’s international network locations,” according to a statement.
Insights on Business
AUGUST 28, 2018
The word “reinvent” is something you hear all the time. Reinvent yourself. Don’t reinvent the wheel. But what does reinvention really look like? The word reinvent means to change something until it is entirely new. It is nothing less than a complete transformation. This concept of reinvention was the topic of the recent FSM annual flagship event — “Reinventing Financial Services: Leading the Future-Ready Enterprise.
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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
AUGUST 28, 2018
There are any number of government initiatives pairing FinTech with traditional FIs , and now Mexico joins the roster with renewed focus. Only one-third of adults in that country have a bank account. And the new administration, incoming, is looking to boost financial inclusion. One incoming future deputy finance minister, Arturo Herrera, told Reuters that financial inclusion’s shortfall in the country has led to obstacles in the fight against poverty and slow economic growth.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
AUGUST 28, 2018
Peer-to-peer (P2P) marketplaces seek to make car relocation more accessible as they tackle the challenge of moving vehicles across the country. Consumers might put out a query online and be bombarded with responses when they first look to move said vehicles, a process that sometimes continues long after they have found a solution. Vehicle delivery can also be a pain point for them.
Bobsguide
AUGUST 28, 2018
In this episode of the Fintalk podcast, PaymentEye and bobsguide reporter Dave Beach sits down with Matthias Setzer, CCO of cross-border paytech, PayU. "I'm surprised to see the level of sophistication in some emerging markets today," says Setzer, before embarking on a journey.
PYMNTS
AUGUST 28, 2018
The gig economy: no longer the domain of ride-hailing firms. No longer the side hustle of people who need to make an extra buck just to make ends meet. No longer a “need to do.” Increasingly, gig work is a matter of choice. In the latest Gig Economy Index , a number of stats stood out, gleaned from the responses of 10,000 workers queried by PYMNTS. According to a subsequent conversation between Karen Webster and Hyperwallet SVP of Digital Markets Michael Ting in the most recent Data Drivers pod
Payments Source
AUGUST 28, 2018
Despite legal cannabis category's regulatory complexity — or perhaps motivated by it — a new breed of merchant acquirers is slicing through the thick government red tape to process cannabis payments, one state at a time.
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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
AUGUST 28, 2018
Two small business software providers are integrating their solutions to streamline the process of hiring and managing employees. In an announcement Monday (Aug. 27), hiring and talent management solutions provider Hireology said it struck a partnership with BambooHR, a human resources firm for SMBs. Together, their solutions will help small businesses manage hiring new talent and the maintenance of those new hires without manual data entry between the two platforms.
Payments Source
AUGUST 28, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon Go opens another store; Singapore digital pay project gets larger; Kenyan bank spins off fintech unit; People petition PayPal to do more to halt hate groups.
PYMNTS
AUGUST 28, 2018
Phishing scams remain one of the most popular ways a cyberattacker can target a small business. The strategy typically involves sending a fake invoice or masquerading as a business manager to obtain sensitive business information or credentials, and the tactic has security experts warning of the importance of proper employee cybersecurity training. But a new tactic from phishers reveals how vulnerable the C-suite is, too.
Payments Source
AUGUST 28, 2018
Everything's in place for mobile payments to supplant plastic cards in the U.S. — except for a compelling reason for the transition.
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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
AUGUST 28, 2018
Offices? Cubicles? Nah. What about retail stores, restaurants and hotels? The location of work always changes with the times. Fields, hovels, factories — all have been home to historically significant human labor. Technology is making it easier for the workforce to put in the daily eight (or 10, or 12) hours from their own homes, but another change is taking place: Using commercial space left behind by retailers, or in eateries or hotels, as communal areas of work.
Payments Source
AUGUST 28, 2018
Institutions must enhance their fraud prevention strategy, and the most effective and successful way for doing so is by empowering customers to detect and respond to suspicious activity before the funds ever leave their account, writes Deborah Peace, CEO of ACH Alert.
PYMNTS
AUGUST 28, 2018
Moody’s Analytics’ chief economist Mark Zandi is sounding the alarm over a surge in corporate debt among a concentrated group of U.S. corporations, MarketWatch reported on Monday (Aug. 27). Zandi suggests that the debt burden mirrors the subprime lending spike, which eventually led to the 2008 economic crisis and breakdown of the nation’s financial services market.
Payments Source
AUGUST 28, 2018
The majority of Play Store users are likely not intentionally using cryptomining on their devices. Therefore, Google needs to take the responsible approach of preventing unwanted or unhealthy usage of their end users’ devices, according to Barry Shteiman, vice president of research and innovation for Exabeam.
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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.
PYMNTS
AUGUST 28, 2018
The practices behind dynamic pricing often include a mix of hard data from market forces, coupled with anecdotal factors and personal relationships between buyers and suppliers. A new tool from enterprise software provider Vendavo aims to put hard data behind the buyer-supplier relationship in an effort to enhance the dynamic pricing strategy. Last week, the company announced the rollout of PricePoint, an intelligent dynamic pricing solution that deploys artificial intelligence, sophisticated a
Payments Source
AUGUST 28, 2018
The Society for Worldwide Interbank Financial Telecommunication, or Swift, has named David Scola, a former Barclays exec, its new head of North America operations.
PYMNTS
AUGUST 28, 2018
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest plan to challenge Amazon, along with PayPal’s expansion of its money transfer service. Google also has new plans for digital payments, while Bose thinks bigger about speakers. Meanwhile, Toyota makes a major investment. Rakuten Reveals Its Plan to Take on Amazon.
CB Insights
AUGUST 28, 2018
Construction has begun on the world’s first fully-autonomous cargo ship. Last week, Norwegian shipbuilder Vard Holdings said it would produce the fully-autonomous and fully-electric container ship, the Yara Birkeland. The ship will be built for Norwegian chemical company Yara, and will be designed as a zero-emissions vessel. It is expected to be completed in 2020. free report: Technology and Shipping.
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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.
PYMNTS
AUGUST 28, 2018
Google’s Indian digital payment app Tez is getting an overhaul as the company plans an expansion into other areas of Asia. According to news from TechCrunch on Tuesday (August 28), the Tez app is being rebranded Google Pay — the digital payment service Google operates in 20 countries. Additionally, Google aims to move Tez beyond its current offering, which includes bank-based payments, bill and utility payments and messaging.
Payments Source
AUGUST 28, 2018
Tez, Google's payment app for the Indian market, is joining the Google Pay family in preparation for a global rollout.
PYMNTS
AUGUST 28, 2018
Berlin-based fashion retailer Lesara prides itself on thinking differently about apparel and being on trend. It doesn’t send its designers to Fashion Week and it draws its conclusions about what consumers want from the data that they see. It calls its approach “agile retail” and it believes something different about who should set the course when it comes to deciding what is “in.
FICO
AUGUST 28, 2018
Welcome to the final blog in the series recapping Cyber Risk, Cyber Ratings and Cyber Risk Transfer at FICO World 2018 , and my conversation with the session’s three panellists: Josh Ladeau , CISSP, Global Head of Cyber, Aspen Insurance. Sasha Romanosky , Policy Researcher, RAND Corporation. Dr. Mingyan Liu , Professor and Incoming Chair of Electrical Engineering & Computer Science, University of Michigan and founder of QuadMetrics.
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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.
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