Chris Skinner
NOVEMBER 23, 2017
There’s a constant buzz about disruption, which kind of sounds like destruction to me. We have to realize that no one is going to destruct or even possibly disrupt banks. No one. It has not happened in my lifetime of working with technology in banks, and I don’t think it … The post Data is the new currency appeared first on Chris Skinner's blog.
Bank Innovation
NOVEMBER 23, 2017
Many financial institution businesses see fintech as a threat. At least, that’s according to a recent report by PwC, which says that 88% of incumbent FIs see themselves losing revenues to fintech innovators in the space. According to PWC’s most recent report “Redrawing the Lines: FinTech’s Growing Influence on Financial Service,” that 88% number is […].
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Chris Skinner
NOVEMBER 23, 2017
I have bias. I admit it. I have a certain proclivity to be nice to people who hire me, so this is an upfront statement of subjectivity. I am not objective. Nevertheless, there are certain companies who warm my heart. They tend to be young, dynamic and often founded in … The post Banks could be dinosaurs and some of them know it appeared first on Chris Skinner's blog.
Bank Innovation
NOVEMBER 23, 2017
EXCLUSIVE—All eyes are on bitcoin as 2017 draws to a close: will the notoriously volatile cryptocurrency end the year at a $10,000 value? Like most things in cryptocurrency, this is debatable: on the one hand, bitcoin’s current climb — the currency passed $8,000 earlier in the month — is giving the $10K camp plenty of […].
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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
NOVEMBER 23, 2017
India’s decision to go cashless was a grand experiment to be sure, but did it go grandly? It’s been a bit more than a year since India’s Prime Minister Narendra Modi brought a ban on cash into effect in the country, eliminating roughly 86 percent of its notes in circulation. As such, Nov. 8 marks a red-letter day in the nation’s history. The scorecard is mixed, delivering on only a few stated goals, but the most important goal pertains to digital payments.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
NOVEMBER 23, 2017
There are a lot of ways to cook a turkey, and today Americans will be trying all of them. Deep-fried, brined, baked and dipped in Flamin’ Hot Cheetos dust — the starring bird will take many forms on the Thanksgiving table this year. But while the costuming is up for grabs, the turkey itself is more or less a guarantee. In fact, for the last 154 years — ever since President Lincoln first enshrined a national day of Thanksgiving for the last Thursday of November in 1863 — turkeys accompanied by cr
Payments Source
NOVEMBER 23, 2017
By inserting the issuer into the dispute process at the outset and arming them with the necessary robust data to prove both customer identity and intent of sale, we can prevent the loss of millions in sales, writes Matthew Katz, CEO of Verifi.
PYMNTS
NOVEMBER 23, 2017
On the face of it, China’s announcement that it would open its financial markets to increased ownership by foreign companies seems a sea change. But then again, refocus a bit and the waves look like ripples. The facts are thus: Earlier this month, Finance Minister Zhu Guangyao said foreign stakes in financial companies can increase as caps are lifted, and in many cases eliminated.
Bobsguide
NOVEMBER 23, 2017
This article was first published on our sister site, PaymentEye. With PSD2 and other regulatory initiatives pushing us towards a data-sharing economy, challenger banks in the UK and Europe are steadily heading towards embracing a marketplace mentality that promotes all of a consumer’s.
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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
NOVEMBER 23, 2017
The Department of Homeland Security (DHS) is urging U.S. businesses to act on an alert issued by chip maker Intel regarding security flaws in its computer chips. According to a report in Reuters, the government agency warned businesses a day after Intel disclosed it has found security weaknesses in remote management software. The feature comes with eight semiconductors used in corporate computers sold by Dell Technologies, Lenovo, HP, Hewlett Packard Enterprises Co. and other manufacturers.
Let's Talk Payments
NOVEMBER 23, 2017
The LTP Team had the pleasure of speaking with Juan E. Tavares, Co-founder & Chief Strategy Officer at LendingPoint. Juan works to distill stories from data, leverage investor relations, and.
PYMNTS
NOVEMBER 23, 2017
Starbucks has opened its first store in Jamaica, making it the international coffee retailer’s 76th global market. According to news from Chain Store Age , this latest brick-and-mortar location also represents Starbucks’ 17th market in the Latin America and Caribbean region. The design of the new 1,200-square-foot Jamaican store, located at the popular Doctor’s Cave Beach in Montego Bay, pays tribute to the country’s people and rich coffee heritage.
Payments Source
NOVEMBER 23, 2017
Transit agencies worldwide are attempting to eradicate cash and the bottlenecks that it causes from situations where customer throughput is paramount. But is this effort truly viable given the entrenched payment behaviors and requirements for serving everyone, even digital naysayers?
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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
NOVEMBER 23, 2017
Digital currencies are growing in popularity but, in terms of replacing physical money, that isn’t going to happen anytime soon. That’s according to Hiromi Yamaoka, head of the Bank of Japan’s payment and settlement systems department , who made those comments on Wednesday (Nov. 22) on the sidelines of a financial innovation conference hosted by Thomson Reuters.
Bobsguide
NOVEMBER 23, 2017
Stephen Norman is one of the most knowledgeable banking technology professionals in the world today. During his extensive career he has worked as Chief Technology Officer at Merrill Lynch and was CIO of RBS’ investment bank for an unprecedented seven years, ending in 2012. Stephen sat down.
PYMNTS
NOVEMBER 23, 2017
Samsung Electronics is gearing up to create an artificial intelligence (AI) research center, designating an executive role to search for new business, according to news from Reuters. Citing a statement by Samsung Electronics, the move would enable the South Korean consumer electronics giant to respond quickly to changes in the market. The AI research center would be a joint effort for the company’s mobile and consumer electronics businesses.
Bobsguide
NOVEMBER 23, 2017
It’s almost time for the Treasury Leaders Summit that will take place on the 5th and 6th of December in London, where senior treasury and finance leaders from across global capitals will come together to discuss the key issues impacting their industry. With a schedule packed with in-depth.
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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
NOVEMBER 23, 2017
New York Venture Bank, a new financial institution (FI) created by big names in the financial services industry, has applied for a national bank charter. According to a Wednesday (Nov. 22) report by American Banker , New York Venture Bank, which will be headquartered in New York, needs the nod of the Office of the Comptroller of the Currency (OCC) before it can launch operations.
Let's Talk Payments
NOVEMBER 23, 2017
As the culture of convenience pushes boundaries across segments, banking sees accelerating adoption of biometrics as the way to access personal accounts – Spanish heavyweight BBVA inches closer to Samsung.
PYMNTS
NOVEMBER 23, 2017
Amazon.com is coming to Australia, notifying third-party sellers to prepare to accept retail orders on Thursday (Nov. 23). According to news from Reuters , citing a retailer, this marks the first time Amazon has given a start date for doing business in Australia, although expectations have been growing in recent days that it was about to enter the market.
NCR
NOVEMBER 23, 2017
IT professionals at financial services firms are keen to upgrade their technology solutions to take advantage of the latest developments – but these plans are often being held back by a lack of similar enthusiasm from the boardroom. This is among the findings of a recent survey by Luxsoft , which revealed 86 percent of IT heads at European banks had proposed a major digital project, only to see it rejected by senior executives in the C-suite.
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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
NOVEMBER 23, 2017
ZTO Express , a leading express delivery company in China — and one of the largest express delivery companies globally — believes that using drones to deliver goods in rural China is possible, but licensing from the government needs to happen first. In an interview with CNBC , CFO James Guo revealed that ZTO’s latest drone delivery tests “went well.”.
The Paypers
NOVEMBER 23, 2017
(The Paypers) Banks face a new compliance burden in January 2018, with the coming into effect of the PSD2 Directive.
PYMNTS
NOVEMBER 23, 2017
Digital payment services company PayPal was recently dealt a blow in a lawsuit in Germany over its purchase protection policy, a plan that issues refunds to consumers in cases where they did not receive purchased products or goods, or where the items arrived different than stated. According to a report in Reuters, two separate lawsuits saw customers given refunds by PayPal with the company transferring the money back from the sellers to the customers.
Bankelele
NOVEMBER 23, 2017
Excerpts from the Memoirs of a Kenyan Spymaster, a unique autobiography by Bart Joseph Kibati who worked in national intelligence for over two decades, where his job was to, with others in the business, identify and analyze threats and advise the government. It is a revealing look at many sectors of his life (he got […]. The post Kenya’s Money in the Past: Spymaster Memoirs by Bart Kibati appeared first on Bankelele.
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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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