Payments Dive
DECEMBER 28, 2018
The year 2018 will be remembered as a transformational year in the evolution of mobile payments. It's time to take a look back at the top news items of 2018. (This is part 1 of a series looking at the top stories of 2018. Part 2 will look at articles).
PYMNTS
DECEMBER 28, 2018
The Central Bank of the Russian Federation (CBR) announced that it has revoked the licenses of five Russian foreign exchange (FX) trading companies. According to a statement on the bank’s website, the decision was made due to “the repeated violations of the requirements of the Russian legislation on securities within one year.”. The five companies — Forex Club, Alpari Forex, Trust Forex, InstaForex and TeleTrade — will see their licenses expire on Jan. 27, and must stop all operat
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Payments Dive
DECEMBER 28, 2018
The year 2018 will be remembered as a transformational year in the evolution of mobile payments. It's time to take a look back at the top news items of 2018. (This is part 1 of a series looking at the top stories of 2018. Part 2 will look at articles).
Bank Innovation
DECEMBER 28, 2018
Sharing data while keeping it safe is a major issue for financial service companies. In October, the Financial Services Information Sharing and Analysis Center, an industry group that analyzes and shares cyber and physical threat intelligence, took on the challenge of finding a secure way to transfer information. FS-ISAC set up a unit called the […].
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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.
PYMNTS
DECEMBER 28, 2018
Shoppers had new opportunities to buy groceries without having to walk through the aisles of their local supermarkets or wait in line at checkout counters this year, as grocers rolled out digital innovations in shopping and payments. This year, retailers from Kroger to Whole Foods Market brought new offerings ranging from cashierless checkout to personal shopping services to their stores.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
DECEMBER 28, 2018
Indian Prime Minister Narendra Modi is feeling pressure as many small retailers and traders — a key bloc for his reelection hopes — view his recent curbs on eCommerce as not doing enough for them, according to a report by Reuters. Under new rules imposed by the Indian government, eCommerce companies like Walmart-owned Flipkart Group and Amazon, will no longer be able to sell merchandise from companies in which they have an equity interest, or form exclusive agreements with sellers.
Bank Innovation
DECEMBER 28, 2018
WeLab Holdings Ltd., which filed an application in July to list on the Hong Kong stock exchange, will postpone its $500 million initial public offering, according to people with knowledge of the matter. The online lender asked bankers to suspend preparation citing current market volatility, said the people, who asked not to be identified as […].
PYMNTS
DECEMBER 28, 2018
Ajay Chopra, who founded Pinnacle Systems, a digital video hardware and software company for consumer and broadcast markets, wrote a column in TechCrunch about the viability of a private equity buyout for a startup. The option, the current venture capitalist said, is one worth seriously considering. “About 13 years ago I faced an excruciating decision: whether to sell my company, Pinnacle Systems, to a private equity firm or to another large public company.
Bobsguide
DECEMBER 28, 2018
2019 is set to be a year defined by collaboration in the insurance sector. In an October Capgemini survey, 96% of respondents said they were looking to collaborate with insurtech firms in some way. 77% said that “partnering to develop a new solution” was their preferred approach. When.
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Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.
PYMNTS
DECEMBER 28, 2018
The National Bank of Kuwait (NBK) has announced that it will incorporate RippleNet blockchain into its online banking platform, offering 24-hour wire transfers to Jordan, with more countries being added soon. NBK Direct Remit allows for instantaneous money transfers around the clock. It will cost customers KD 1 ($3.29 USD) per transaction when transferring to NBK Jordan, and KD 5 when transferring to other banks in the country.
Payments Source
DECEMBER 28, 2018
Nearly all new payments technologies strive to become as ubiquitous — and as secure — as possible. It's a goal that is harder than ever to achieve.
PYMNTS
DECEMBER 28, 2018
It has been a busy year for the world of bank regulations, particularly Know Your Customer (KYC). Financial services regulations are notorious for their complexity and ever-changing demands for financial institutions and corporates, but another fuel for development in the KYC space was the FinTech community. Researchers this year released new data on banks’ KYC adherence that highlights just how imperative it is that the financial services industry is able to more adequately address the ch
Bobsguide
DECEMBER 28, 2018
If a number of economic indicators are to no longer be ignored, financial markets are not far off a sharp correction, followed by a deep and lasting depression. Alarmingly, economists are pointing to a variety of factors – from US corporate bonds to household wealth – that could drag.
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.
PYMNTS
DECEMBER 28, 2018
Though FinTech has, in many ways, heated up the competition with banks, traditional financial institutions (FIs) widely began to realize in 2018 that their best strategy to remain competitive in today’s financial services landscape is often to collaborate with (not against) those FinTech firms. In B2B payments and corporate finance, it wasn’t only bank-FinTech collaboration that made headlines in 2018.
Payments Source
DECEMBER 28, 2018
The 2019 outlook for China’s cross-border e-commerce sector remains positive due to strong consumer demand, favorable regulations and tech-savvy shoppers’ interest in convenient mobile pay options, writes Franklin Chu, managing director for Azoya USA.
PYMNTS
DECEMBER 28, 2018
One of the biggest shifts in banking that FinTech newcomers ushered into the market is the demand among customers for advisory services. With FinTechs offering clients a range of easy-to-use, sophisticated products, banks in 2018 were pressured to react to small businesses’ demand for advisory services — not just data, and not just digital platforms.
Payments Source
DECEMBER 28, 2018
Ken Chenault, former chief executive officer of American Express Co., is leaving the boards of Procter & Gamble Co. and International Business Machines Corp., according to regulatory filings.
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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
DECEMBER 28, 2018
The new year will bring a new round of one of the hottest games in the payments-and-commerce world: What makes millennials tick? The goal? Sift through the ambivalent reports about that consumer segment — steadily advancing toward their peak earning — to figure out how to best sell to them, serve them up worthwhile transactional experiences and keep them coming back for more.
Payments Source
DECEMBER 28, 2018
The information you need to start your day, from PaymentsSource and around the Web: subscription startup raises millions; scam Alexa app; drone delivery backlash; and more.
PYMNTS
DECEMBER 28, 2018
Connected technology may be as feared as it is loved. According to recently published research, privacy concerns have caused 66 percent of American and European early adopters to delay smart home device purchases. With even the most eager consumers keeping a wary eye on new features, platform providers must make careful design choices to woo privacy-conscious customers. .
ATM Marketplace
DECEMBER 28, 2018
Trying to cater to bank customers' needs with 40-year-old systems is as impractical as driving a 1970s car on today’s highways, according to Suresh Ramamurthi, chairman and CTO of CBW Bank. Here, he explains to Tim Tang, Director of Enterprise Solutions at Hughes, why banks must replace core applications rather than attempting to build on them.
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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
DECEMBER 28, 2018
Wells Fargo, implicated in a far-reaching banking scandal where it was accused of creating fake accounts and charging customers for services they didn’t sign up for, has agreed to pay $575 million to settle claims, according to reports. Wells Fargo previously agreed to pay $190 million two years ago to settle federal claims, and it has settled other claims as well.
Jack Henry
DECEMBER 28, 2018
With rapid-fire changes in how we invest, borrow and save; how financial institutions control risk; and how financial institutions (FIs) analyze data and control lending, the financial technology, or fintech, market is bringing significant disruption to the $8.5 trillion U.S. financial services industry.
PYMNTS
DECEMBER 28, 2018
Holidays are nothing if not factories for new memories. When it comes to retail, recollections seem likely to linger upon the ongoing (and significant) growth in eCommerce, the developing relationship between online and physical stores, a big boost in apparel sales, and the role of mobile in the journey from browsing to purchase. But that’s not all.
Payments Source
DECEMBER 28, 2018
U.K. credit card spending rose an annual 7.5 percent in November, as consumers increasingly prefer to spend on plastic, according to UK Finance.
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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.
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