Bank Innovation
JULY 19, 2017
Pittsburgh-based PNC Financial Services Group is making a significant digital push this quarter, and highlighted a number of areas this is benefiting the bank’s consumer business. But the most significant revelation from the company’s earnings call yesterday may be that digital banking allows any bank to become national. Here’s CEO Bill Demchak: I would tell […].
Chris Skinner
JULY 19, 2017
I just attended an EFMA conference where the opening presentation talked about the most innovative banks in the world. They may or may not be, you can decide, as I’m posting some of their stories here. These are the ones I quite liked, so it’s not exhaustive. See what you think … Capital One Skill for Alexa Capital One’s skill for Alexa provides a new feature called “How much did I spend?
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Bank Innovation
JULY 19, 2017
Dash Wallet, based on the cryptocurrency Dash, is now available in the iOS App Store as of today, according to Dash, the company that operates the eponymous currency. The app store approval comes almost a year after the Cupertino, Calif.- based Apple denied Dash Wallet entry in its app store, in August 2016. The Dash Wallet-iOS saga offers an intriguing window […].
Chris Skinner
JULY 19, 2017
Things we’re reading today include … Goldman’s rotten trading quarter is a familiar smell on Wall Street One-third of card payments contactless P2P lender RateSetter steps in to protect investors from losses Regulators assessing suitability of Deutsche Boerse board Spain’s ‘secret credit card banker’ Blesa found shot dead AmEx profit dips as it splurges on customer rewards Two Britons win appeal against US Libor convictions.
Advertisement
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
JULY 19, 2017
Running a business is hard enough without dealing with all of the pitfalls of legacy banking, which is why Qonto is building a virtual assistant for its business banking service. The French startup will be adding this capability next year to the current account offering it launched earlier this month. The service charges users €9 […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
JULY 19, 2017
With its consumer mobile banking upgrades well underway, Bank of America is turning its attention to businesses. Small business clients can now apply for loans directly through all of BofA’s digital channels, which of course includes the bank’s mobile app. Applications for a “business advantage” term loan as well as for a “business advantage” credit […].
Abrigo
JULY 19, 2017
We’ve all heard it: Time is money. This proves true in the accounting industry as much as any other. While it is great to be busy, it can be a sign that you need to re-evaluate your day-to-day work for areas that can be streamlined. Evaluation can be most needed when your firm struggles to identify room for the ability to be proactive. The 4 steps below will provide suggestions on how your firm can streamline processes without losing the ability to be accurate and precise: 1.
Payments Dive
JULY 19, 2017
The article looks at the current impact of artificial intelligence, the opportunities for the future and the steps needed to get there.
Abrigo
JULY 19, 2017
For banks and credit unions seeking to automate data entry, there are several software options on the market. One of the most common ways to import the data from a tax return into a digital system is to use Optical Character Recognition (OCR) software. OCR technology has been around for a long time, even before computers or the internet. The first patent for an OCR “reading machine” was filed in 1928.
Advertisement
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 19, 2017
Mastercard is expanding its QR-based programs to create greater choice in retail mobile payments. The company today announced news of its plans to offer QR codes for scan by customers and merchants, building on its QR efforts in India, Thailand, the Middle East and Africa, as well as its collaborations with industry players to create new global QR standards.
Insights on Business
JULY 19, 2017
Deep changes are sweeping the financial services industry. Lofty expectations by millennials, FinTech upstarts, stinging memories of the financial meltdown, and a growing body of stringent regulations are just a few causes for industry-wide upheaval. Despite the changes, though, there are some constants; look at the data foundations at financial institutions and you’ll find that things are rather stable.
PYMNTS
JULY 19, 2017
Alternative lending has shifted from a competitor of traditional FIs to a collaborator, often lending a digital hand to banks in need of upgrading their systems to provide faster, more agile financing to SMEs. A new report from the state-backed British Business Bank (BBB), however, suggests alternative lenders are becoming an increasingly important part of its operations in a different way, highlighting how the lines between alternative finance (AltFin) and traditional finance continue to blur.
Payments Source
JULY 19, 2017
Hub brand requirements are comparatively modest compared to retail systems. They communicate reputation and trust to a relatively small set of sophisticated firms whom they hope to serve.
Advertisement
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 19, 2017
Shake Shack is adding Expo Screens by Kitchen Armor and Elo to the back-end kitchen operations of its 70-plus locations. Kitchen Armor manufactures stainless steel touchscreen enclosures. Elo’s open-frame touchscreens will compile all the components of each customer’s order in the final moments before the order is fulfilled to ensure that nothing is missing.
Bobsguide
JULY 19, 2017
Gathering and validating the data needed to comply with Know Your Customer (KYC) is not easy. Documents can be forged. Ownership structures can be concealed. And practices like trade-based money laundering make it difficult to track money flow. Not only have bad actors become more adept at.
PYMNTS
JULY 19, 2017
In an effort to bolster its ability to provide real-time spend management and analytics to business users, procurement solutions company Vroozi had added a new feature to its offerings. The firm announced Tuesday (July 18) that it had added an Expense module to its suite of services. Users can now enter expense data into the Vroozi platform to ensure it analyzes spend from purchases that may have previously gone uncaptured in the platform.
Bobsguide
JULY 19, 2017
The specific challenges of the corporate treasury have been sheltered from the impact of the fintech revolution until now. As the results from a new survey of finance and treasury teams reveal, businesses of all sizes are increasingly keen to understand how they can re-unite isolated pools of data.
Advertisement
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
JULY 19, 2017
How about some coffee with that bagel? Panera Bread has gone from publicly-traded to private , bought out by JAB Holding Company, the parent company of Caribou Coffee, Peet’s Coffee & Tea and Keurig Green Mountain. Quick-service restaurant (QSR) Panera’s new parent, a Luxembourg-based private equity firm, paid $7.5 billion for the acquisition, beating out Starbucks and other rumored suitors.
Gonzobanker
JULY 19, 2017
While new core system vendors bring more modern architecture and user interfaces to the table, bankers need to do their homework before signing on with these players. GonzoBankers , let’s take a moment to really appreciate this brief period of calm before vendor conference season starts. We all know what happens at conferences. C-level chiefs, ambitious marketing managers, and all other manner of bosses get their heads inflated about the cool new core system vendor technology that’s coming.
PYMNTS
JULY 19, 2017
Today’s corporate travel and expense management market is all about consolidation and collaboration. This trend reached a new peak with news that K1 Investment Management is investing $125 million to combine Certify, Nexonia, ExpenseWatch and Tallie under one roof. But you’d be mistaken if you thought that Certify would take a break from industry collaboration.
Payments Source
JULY 19, 2017
Increasingly, the acquiring and ISO business has taken the view that advances in technology that originally looked like threats instead made it easier to sell more products and support more payment types. But this opportunity won't last forever.
Advertisement
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
JULY 19, 2017
History tends to repeat itself. In retail, we’ve seen this happen time and again. The latest aspect of retail to rear its head again is the direct-to-consumer (DTC) approach. From Warby Parker to Etsy and Everlane, more startup consumer companies are making the choice to remove the middleman between themselves and the end user. While Warby Parker and Everlane make their own goods, Etsy gives the power of selling directly to crafty individuals looking to create and sell to the consumer.
Let's Talk Payments
JULY 19, 2017
ISME ACE is hosting India’s largest FinTech accelerator for startups with the aim to foster creative collaboration by leveraging all elements of the FinTech ecosystem, and fuel next-gen disruptive FinTech.
PYMNTS
JULY 19, 2017
A new survey has found that a divide is emerging over how Americans feel about their ability to pay down debt, with the poorest Americans the least confident about staying current on their loans and bills. According to Business Insider , UBS’ quarterly financial survey of about 2,100 U.S. adults found that most people felt confident in their ability to pay their debt, partly due to the stable jobs market.
Let's Talk Payments
JULY 19, 2017
We recently talked with Or Perelman, Chief Operating Office of ChromaWay, a seasoned blockchain company (relatively speaking!). Or and the founding team at ChromaWay have been living and breathing blockchain.
Advertisement
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.
Expert insights. Personalized for you.
302 
Let's personalize your content