Chris Skinner
AUGUST 7, 2018
I’ve spotted a couple of interesting discussions about millennials and money in the last week, both of which say that the views on them are wrong. Stereotyped as avocado-crunching, cappuccino drinking, needies, the general media view is that this is a generation spoilt by helicopter parents to grow up to … The post Millennials: STOP EATING AVOCADOS!!!
Bank Innovation
AUGUST 7, 2018
The Wall Street Journal has it wrong. Recent news that Facebook is in talks with banks on a solution other than “services like customer chat or account management” overlooked how the social media platform already works with banks, a representative of the social network told Bank Innovation. Facebook offers chatbot services for Citibank customers to connect to customer […].
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Payments Dive
AUGUST 7, 2018
Basic banking services have not yet reached a majority of people in rural Africa. Agency Banking can help financial institutions expand services to underserved segments.
Bank Innovation
AUGUST 7, 2018
Online real estate company Zillow has entered the mortgage space. On Monday the Seattle-based company purchased Mortgage Lenders of America for an undisclosed amount. The move solidifies the company’s effort to simplify and streamline the home buying process, according to a company-issued statement. Zillow outlined that, “owning a mortgage lender will allow Zillow Group to […].
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
AUGUST 7, 2018
Things we’re reading today include … The shotgun marriage that could revive Deutsche Bank Australian regulator to embed supervisors in banks Down the sofa?: 169 million old £1 coins not returned UniCredit cuts ties with Facebook over data breach scandal Greens want Australia’s banks broken up over ‘shocking degree of … The post Things worth reading: 8th August 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
AUGUST 7, 2018
Corporate travel platform Concur , owned by SAP , has integrated listings from home-sharing service Airbnb into its platform. A recent announcement from Concur said Concur Travel will now show listings available from Airbnb directly within its platform, making it the only corporate travel solution to do so, the company said. Airbnb listings will now appear alongside traditional hotels within the online travel booking solution operated by SAP Concur.
Payments Dive
AUGUST 7, 2018
It's time for a look back at last month's most-read content on the site.
PYMNTS
AUGUST 7, 2018
“How about waking up in the morning and asking Google Home or Amazon Alexa, or your mobile phone if you’re on the go, ‘Hey Google, hey Amazon, what are my deals for the day?’” asked Glenn Fodor, SVP and head of Information and Analytics Solutions at First Data. A new generation of retailers are making use of these new forms of customer data, and applying advanced technology like artificial intelligence (AI) and machine learning to anticipate the types of products their customers will want to buy
Bobsguide
AUGUST 7, 2018
This list is designed to highlight blockchain remittance, payment and settlement companies that are pioneering the use of distributed ledger technology (DLT) and blockchain. These companies recognise that for cryptocurrency to survive, the underlying technology must solve real world problems and.
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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 7, 2018
Alternative lending player Skippr has landed new funding, a sign that investors are still supportive of the industry after concerns were raised over alternative finance’s high interest rates. Reports in the Australian Financial Review Monday (Aug. 6) said Skippr raised $11.8 million in debt and equity financing from SocietyOne and Andy Taylor, co-founder of Douugh.
Payments Source
AUGUST 7, 2018
Lack of preparation for a PCI DSS assessment usually results in unexpected and unnecessary expenses, as well as lost productivity among all parties involved, writes Marc Punzirudu, director of security consulting services at ControlScan.
PYMNTS
AUGUST 7, 2018
It can happen at the office. It can happen on Facebook and Pinterest. It can happen on a well-crafted blog designed to appeal to particular hobbyists, or an event and ticketing website, or an online platform devoted to travel. It can happen pretty much anywhere, given the right tools. And the people who try it seem to really, really like it — which signals good news for merchants and payments providers in the coming years.
CFPB Monitor
AUGUST 7, 2018
On August 3, 2018, Arizona began accepting applications for its regulatory sandbox that “enables a participant to obtain limited access to Arizona’s market to test innovative financial products or services without first obtaining full state licensure or other authorization that otherwise may be required.” In March 2018, Arizona’s Governor signed into law legislation directing the state’s Attorney General to create the sandbox.
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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 7, 2018
It was once the (stereotypical) realm of ambitious teenagers and refuse-to-grow-up rockers and stoners who either needed extra bucks or found it too … uh … challenging to land better jobs. These days, however, food delivery means digital technology, entrepreneurship and global acquisition activity — and reasonable questions about how this will all shake out in the coming few years.
CFPB Monitor
AUGUST 7, 2018
RD Legal Funding has submitted a letter to Judge Preska asking her to dismiss all of the federal claims of the New York Attorney General (NYAG). The letter was sent in response to Judge Preska’s July 25 order in which she set an August 13 deadline for RD Legal Funding to submit a filing on jurisdictional issues. In its letter, RD Legal Funding states that the NYAG’s federal claims are brought pursuant to Dodd-Frank Section 1042, which authorizes state attorneys general to file civil
PYMNTS
AUGUST 7, 2018
Development officials in Toronto recently signed a development agreement involving a “smart city” concept backed by Google’s parent company – but the project still faces doubts from civic officials and citizens. The project involves Waterfront Toronto — a government-created organization focused on renewal of the city’s waterfront — and Sidewalk Labs , the urban innovation company operated by Alphabet.
Bobsguide
AUGUST 7, 2018
Traditional lenders have steered clear of the SME market in recent years – but that’s changing. What was once considered an unprofitable sector, incumbents and new market participants have started to look to SME funding as the next big growth area. But the market has high expectations.
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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 7, 2018
For all of Sears’ many issues in recent days, one has to applaud their incredible persistence in the face of difficult odds. This week the retailer has announced it is leveling-up its online marketplace with the addition of a new run of third-party sellers, which will bolster its offerings for consumers. According to Sears , the new additions are things one might expect from a marketplace supported by a department store — floor-care brands like Hoover, Dirt Devil and Oreck, for example, seem to
Bobsguide
AUGUST 7, 2018
The digital ecosystem is fuelled by the creation, storage and transmission of data between servers, computers and mobile devices around the globe. This intangible plane is growing exponentially, with over 2.5 million terabytes of data being produced on a daily basis. It’s often said that over.
PYMNTS
AUGUST 7, 2018
Demonetization was launched in India in an effort to crack down on the nation’s underground economy, boost tax revenues and encourage the transition to a digital banking infrastructure. However, nearly two years after the policy launched in 2016, cash remains a key component of the nation’s economy. Several factors are helping cash thrive in India, including its large rural population with limited internet access, distrust of the nation’s financial systems and the population’s cultural ties to c
Payments Source
AUGUST 7, 2018
Under TrueLayer’s Payment Initiation license, its forthcoming Payments API could enable third parties such as online retailers to have consent-based access to customers’ bank accounts in order to take payments for goods and services. This would provide e-commerce merchants and service providers with a lower-cost alternative to accepting credit or debit card payments.
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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
AUGUST 7, 2018
Among the new wave of direct-to-consumer and subscription-based eCommerce taking hold of the industry, none was considered more promising over the past year than the direct-to-consumer meal kit business. By some estimates, the meal kit sector has exploded in terms of year-over-year growth, jumping from about a $1.5 billion market to a $5 billion market by the end of 2017, as independent startups entered the business only to find supermarket chains and big box stores entering the mix.
Payments Source
AUGUST 7, 2018
Given how much financial activity occurs every second, every day, it’s important for banks and financial organizations to develop a robust AML strategy that is effective in stopping fraudsters in their tracks, according to Gaurav Deshpande, vice president of marketing at TigerGraph.
PYMNTS
AUGUST 7, 2018
As Mattress Firm, Inc. looks to shutter money-losing locations and find its way out of leases, people familiar with the company say that the retailer is mulling a bankruptcy filing. On the news, Tempur Sealy International Inc.’s stock rose 5.2 percent and closed at $52.64, Reuters reported. Steinhoff International Holdings NV, which is the parent of Mattress Firm and acquired the company in 2016, has reportedly sought to restructure some of its subsidiaries’ debt.
Payments Source
AUGUST 7, 2018
Zillow claims 35 million renters visit its websites and mobile apps each month in search of a home or apartment. This network of landlords and renters has been built off the back of listing property values, real estate sales, taxes paid, photos and more for homes, condos and apartments.
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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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