Bank Innovation
JULY 25, 2017
Want a national bank that’s mobile-only? So does Varo Money. Varo applied for a banking charter from the Federal Deposit Insurance Corporation (FDIC), as well as for a charter from the Office of the Comptroller of the Currenc, in the hopes of forming “Varo Bank,” the mobile banking startup announced today. “[Varo] was founded o […].
Chris Skinner
JULY 25, 2017
I really enjoyed a recent article on CGAP (the Consultative Group to Assist the Poor). If you don’t know them, CGAP is a global partnership of over 30 leading organizations that seek to advance financial inclusion. Housed at the World Bank, CGAP’s mission is to improve the lives of poor people by spurring innovations and advancing knowledge and solutions that promote responsible, sustainable, inclusive financial markets.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Bank Innovation
JULY 25, 2017
Digital bitcoin wallet Abra is introducing its digital money transfer application to a vast landscape of new users thanks to its integration with American Express, the companies announced today. “This is the first time a major credit card has partnered with a digital card,” Abra CEO and founder Bill Barhydt told Bank Innovation. “And it definitely […].
Payments Dive
JULY 25, 2017
China's mobile-payment incumbents have made it difficult for Apple Pay to gain a significant market share in the country despite Apple's best efforts.
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 25, 2017
Customer fears about card security and fraud is increasing, but as it turns out, fewer consumers are actually experiencing that fraud. This is according to the Consumer Payment Card Data Security Perceptions survey by data solutions provider Transaction Network Services, released today. Only 23% of adults reported fraudulent card use in 2017, the survey of […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Chris Skinner
JULY 25, 2017
Things we’re reading today include … Bank of England warns more defences may be needed against consumer credit Citigroup hosts investors for first time since the financial crisis Virtual campaigning changes Kenya vote Why you should pay in local currency Bitcoin goes arty Julius Baer hits post-crisis high as it draws £8.2bn in new money Student loan debt: Your questions answered Direct lending funds’ fading all-weather appeal Fund managers face $1m price tags for research.
Payments Dive
JULY 25, 2017
Date: August 22, 2017 | Time: 10:00 AM EST | Duration: 1 Hour | Join Steve Hensley, vice president of sales at KAL and Suzanne Cluckey, editor of ATM Marketplace, in a free webinar previewing the 2017 edition of the ATM industry's most influential annual guide.
Abrigo
JULY 25, 2017
In a recent Sageworks webinar Robert Ashbaugh, senior risk management consultant at Sageworks, discusses High Volatility Commercial Real Estate (HVCRE) lending best practices. How did we get here? Ashbaugh’s presentation begins with a quick summary of why regulators care about HVCRE. He starts by reviewing some of the data over the last decade, specifically the role that Acquisition, Development and Construction (ADC) loans played leading up to the 2007 recession.
Payments Dive
JULY 25, 2017
A new survey has revealed consumers have major concerns about the security of their payment card data.
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 25, 2017
Small business accounting platform MYOB is helping some clients chase down unpaid invoices through a new partnership with ezyCollect. The companies revealed their collaboration Monday (July 24), announcing plans for MYOB Essentials to offer ezyCollect services to users. “Small business owners are busy and stressed out,” said A.J. Singh, managing director of ezyCollect in a statement. “They can’t afford to lose a day, a week, chasing money that is owed to them.” Sing
Let's Talk Payments
JULY 25, 2017
Initial Coin Offerings (ICOs) appeared on the horizon in the blockchain world with the first ever such issuance by a company called Mastercoin in 2013. The name has been changed.
PYMNTS
JULY 25, 2017
The impact of online fraud reaches far beyond the dollar count of sales lost. . When data breaches occur, jobs are on the line from the CIO down to lower-level IT personnel. . And the damage to trust and confidence on the part of consumers can be incalculable. To paraphrase an investing maxim, a company can be built up over decades and destroyed in minutes. .
Bobsguide
JULY 25, 2017
The hype around technology, such as blockchain and Artificial Intelligence (AI), shows no sign of abating; it is currently riding an impressive wave of publicity. The trade press and thought leadership portals are filled with articles on how these technologies will disrupt the industry. Is this.
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 25, 2017
Payably, a mobile payments solution that integrates into QuickBooks, has announced a new partner, CardConnect, to enhance its offering. In an announcement Monday (July 24), Payably said it will integrate CardConnect ‘s payment processing technology into its own mobile payments platform, used by SMEs to accept mobile payments and to integrate payment data into their own accounting solutions.
Bobsguide
JULY 25, 2017
It’s no surprise that the global economy is labelled - at the most diplomatic level - as ‘volatile’, given the uncertain political and economic situation.
PYMNTS
JULY 25, 2017
Can bricks-and-mortar survive the eCommerce onslaught? In an interview with PYMNTS’ Karen Webster, Dave Barrowman, who serves as senior vice president at Skava, said that in the physical retail space, the death of physical retail remains greatly exaggerated. With some ingenuity and attention to the value proposition of the tangible retail experience, he told Webster, players big and small can do more than survive — they can thrive.
Payments Source
JULY 25, 2017
Varo Money, an app designed for people who want to exclusively bank on their cell phones, announced Tuesday that it has filed formal applications for a national bank charter.
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 25, 2017
It’s no secret that department store J.C. Penney has been under immense pressure to turn its brick-and-mortar locations around. Over the past few years, the big box retailer has had to close many of its stores after missing the sales mark. In an effort to draw in customers, just last week, J.C. Penney shared its plans to open up a boutique toy store inside its children’s departments.
Payments Source
JULY 25, 2017
The incumbents, such as Visa, Mastercard and First Data, are prepared to compete in all segments of the market, writes Subhajit Das, a visiting research fellow at the Christensen Institute from Tata Consultancy Services.
PYMNTS
JULY 25, 2017
Google’s iconic homepage has been around longer than Harry Potter. It’s old enough to drive, drink or fight in the Army. Today’s teens and young twenty-somethings grew up knowing “Google” not as a numeric value – a “1” with 100 zeroes after it – but as a verb, something they do when they don’t know something. Now, for the first time in more than 20 years, that homepage is changing.
Let's Talk Payments
JULY 25, 2017
LTP recently had the pleasure of interviewing Rahul Mewawalla, CEO and President of Zenplace. Rahul is the former head of US’ first technology program in SF with the White House, and.
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 25, 2017
Hungry consumers have been conveniently ordering takeout on their mobile devices for a few years now. Starbucks, Dunkin’ Donuts, Five Guys and many other “fast-casual” chains are receiving orders from their clients’ phones (or desktops) in branded apps or websites. But can small and midsized businesses (SMBs) follow suit? Rolling out mobile order-ahead can involve big operational changes, and the road to innovation — or convenience, as it were — isn’t always clearly marked.
Payments Source
JULY 25, 2017
Digital currency investors and miners will be able to hedge the volatile assets under U.S. regulatory oversight for the first time in just a couple of months.
PYMNTS
JULY 25, 2017
E-Commerce is having a big moment in retail. It’s causing retailers to do something that hasn’t been done in years — think outside the big box. For years, the retail industry was mildly complex but overall ran like a well-oiled machine. Order inventory, market products and prices, sell items to consumers and repeat. With the introduction of eCommerce approximately 20 years ago, all of this started to shift into the unknown.
Payments Source
JULY 25, 2017
Visa is developing its first international transaction processing centers — one in the U.K. and one in Singapore — on the heels of other moves to accelerate digital payments growth globally.
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.
351 
Let's personalize your content