Bank Innovation
AUGUST 28, 2017
Payments processors Mastercard and Visa will both enable payments on Fitbit Iconic, the first full smartwatch to be released by the company this year in October, according to separate announcements by the respective companies. Fitbit Iconic users will be able to load eligible cards (either Visa or Mastercard supported cards, depending on customer preference) onto […].
Payments Dive
AUGUST 28, 2017
Since the introduction of contactless cards in September 2007, it has gradually become the payment method of choice for many consumers in the U.K as society gradually moves away from cash.
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Bank Innovation
AUGUST 28, 2017
EXCLUSIVE — Will bringing contactless payments to Fitbit help give the wearable market a much-needed jolt? That’s the hope of payment facilitators like Mastercard, Visa, and American Express, at any rate, which announced today they would be integrating payments with Fitbit’s first smartwatch, the Fitbit Iconic. The Iconic marks Fitibit’s first smartwatch, putting it in […].
PYMNTS
AUGUST 28, 2017
Just a few short months from the merger announcement , and as of this week, the deal is done : Amazon officially owns Whole Foods. To celebrate the news, grocery prices at Whole Foods are going down — quite an out of the gate change of direction for a brand that has become as synonymous with its moniker “Whole Paycheck” as it has with the organic and locally grown foods in which it specializes.
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.
Bank Innovation
AUGUST 28, 2017
Bank of America filed for nine more blockchain patents. These filings were recently made public by the U.S. Patent and Trademark Office. In total, Bank of America now has filed for over 30 blockchain patents since last year. These nine patents, which were filed on February 22, relate to settling transactions within a payment network. […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
AUGUST 28, 2017
EXCLUSIVE — Point of sale financing provider, Blispay is looking at partnerships as its next phase of growth. Founded in 2014, Baltimore-based Blispay provides point of sale financing for customers of small and medium-sized merchants. BlisPay’s CEO, Greg Lisiewski, told Bank Innovation that as the company focuses on scaling itself and adding more merchants to its […].
PYMNTS
AUGUST 28, 2017
“We did some research and found out that the majority of businesses in the beauty industry operate offline, without any software at all. A full 52 percent of salons in the U.S. still manage their bookings with pen and paper,” Shedul co-founder and CEO William Zeqiri said in an interview. One may not think of beauty as a particularly luddite enterprise, but as it turns out, in a world where one can order anything up for digital delivery (particularly if one happens to live in a city) it’s not alw
Bank Innovation
AUGUST 28, 2017
Chinese regulators are considering banning initial coin offerings altogether. As the country’s regulators — most notably the People’s Bank of China (PBOC) and the China Securities Regulatory Commission (CSRC) — take a closer look at financial measures that could counter the risk of initial coin offerings, or ICOs, simply banning the fundraising method outright is […].
PYMNTS
AUGUST 28, 2017
New payment solutions are promising to deliver big changes to the small business community — both the brick-and-mortar and eCommerce varieties. With these systems in place, small- and mid-sized businesses (SMBs) are gearing up to challenge their larger counterparts through an improved payments experience, greater consumer engagement and leveraging the power of data to know their customers better than ever before.
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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
Bank Innovation
AUGUST 28, 2017
China Life Insurance and Ping An Insurance, the two largest players in the Chinese insurance market, have announced long-term investment plans into “insurtech,” the streamlining of their insurance sales and distribution practices with the use of the innovative technology. In late August, China Life Insurance and Baidu, China’s most widely-used web services company, revealed that […].
PYMNTS
AUGUST 28, 2017
Facebook tries out third-party Marketplace deals from eBay, an automated news aggregator, and veteran executive Andrew Bosworth in the leading role of its new consumer hardware department. Plus, in light of sinking stock prices, Forbes says long-term investors should be very optimistic, and Seeking Alpha sees enormous potential for Asia-Pacific growth.
Let's Talk Payments
AUGUST 28, 2017
Africa – the market of unexplored opportunities Although Africa is considered to be the largest unserved market that has dropped out of sight of the global financial system, there are.
PYMNTS
AUGUST 28, 2017
Klarna, the online payments firm based in Sweden, and one of the unicorns that came of age with a more than $1-billion valuation, posted results Friday detailing growth for the first half of the year. The company said that net profit came in at 228 million crowns, or about $28.4 million, up 138 percent year over year, on sales of 2.05 billion crowns.
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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
Let's Talk Payments
AUGUST 28, 2017
Bright long-term legacy coupled with gloomy mid-term expectations FinTech aficionados could argue endlessly about the power gained by FinTech in the financial services industry, and they wouldn’t be completely wrong.
PYMNTS
AUGUST 28, 2017
Doubtlessly fulfilling the childhood dreams of millions of Americans, quick-service restaurant (QSR) Pizza Hut is offering a chance at free pizza for life as it celebrates the launch of its new rewards program. The “Hut,” as it is affectionately known by its denizens, sells more pizza than any other company on the planet. It also may have the best sense of humor and willingness to go the extra mile to throw shade on the competition.
Bobsguide
AUGUST 28, 2017
In case you missed it. the bobsguide articles that have generated the most interest in 2017 to date. The most significant fintech acquisitions of 2017 so far. According to KPMG’s Pulse of Fintech report, fintech VC activity in Europe has hit a historically high.
PYMNTS
AUGUST 28, 2017
ƒFord Motor Credit Co. the financing arm of the vehicle manufacturer, announced Friday (Aug. 25) that it will implement machine learning credit approval models to determine if it will lend a consumer money as it goes after a segment of the market that doesn’t have a solid credit history. In a press release , the company said the move was a result of a study with ZestFinance that measured the effectiveness of machine learning to better predict risk in auto financing and potentially expand auto fi
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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.
Payments Source
AUGUST 28, 2017
Consumers who either are tiring of the password overload, or those that understand that passwords are antiquated security, are driving the fair amount of biometric adoption, writes Michael Lynch, chief strategy officer at InAuth.
PYMNTS
AUGUST 28, 2017
As the destructive effects of Hurricane Harvey, which hit land in Texas on Friday, continue to become apparent, both consumers and businesses are seeing the impact of the storm and may continue to have issues for weeks, months or even years because of its damage. After Hurricane Katrina hit Louisiana in 2005, residents in the area continued to deal with damage from the storm a decade later.
Payments Source
AUGUST 28, 2017
This latest instance of Trickbot is a good time to remind consumers to not trust third-party sites even when directed by an email that seems legitimate, writes Lisa Baergen, director of marketing at NuData Security.
PYMNTS
AUGUST 28, 2017
Uber Technologies may have been mulling General Electric Chairman Jeff Immelt as its new CEO , but it seems Expedia chief Dara Khosrowshahi will be Uber’s new CEO instead. According to a news report in Reuters , citing Jeff Immelt’s Twitter feed, the GE chairman said: “I have decided not to pursue a leadership position at Uber,” adding that he had “immense respect for the company & founders.”.
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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.
Bobsguide
AUGUST 28, 2017
In case you missed it. the industry opinion that has generated the most interest on bobsguide in 2017 to date. Don’t become SAP’s next multi-million pound target for indirect usage. Matt Fisher - Vice President of Marketing & Communications, Snow Software. Many customers.
PYMNTS
AUGUST 28, 2017
Payments stocks performed decidedly to the upside last week, with only one company showing losses, and scant ones at that. Square was the biggest gainer on the week, with shares buoyed by almost 5 percent on news that the mobile payments processing firm has opened its first brick-and-mortar store. That store, which is based in Manhattan, is geared toward displaying hardware offerings to merchants and for offering in-person technical support.
Payments Source
AUGUST 28, 2017
An Australian company is introducing its own version of bitcoin that will let homeowners and businesses sell excess energy generated from their rooftop solar panels to neighbors, without a middleman taking a cut.
PYMNTS
AUGUST 28, 2017
HSBC U.K. has reportedly frozen some small business (SMB) bank accounts, according to news reports from Reuters. The frozen bank accounts, which have occurred in the last two months, are a result of the broader effort to crack down on money laundering. HSBC was hit with an $1.9 billion fine in 2012, reports noted, after failing to catch money laundering activity in which criminals were using HSBC services.
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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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