Tue.Aug 01, 2017

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Jobs of the future

Chris Skinner

There are lots of reports of robots taking jobs from humans, and our fear for the future world of no work. One paper from researchers at Oxford University predicts that 47% of American jobs are at “high risk” of computerisation over the next two decades. Another research report issued in 2015 … The post Jobs of the future appeared first on Chris Skinner's blog.

Report 283
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Bitcoin Cash Kicks Off, and Then the Wait Begins

Bank Innovation

Today saw the hard fork of the Bitcoin blockchain, with the world’s oldest cryptocurrency splitting off in two in order to form the world’s youngest cryptocurrency, Bitcoin Cash. Or did it? There’s differing reports on whether the new currency, which goes by the acronym BCC, has made its official arrival yet, with some maintaining it […].

Bitcoin 252
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Things worth reading: 2nd August 2017

Chris Skinner

Things we’re reading today include … Goldman plans to expand online bank to Europe: treasurer Take Your Time, Bank of England Bank of America Files for 3 New Blockchain Patents Bank of England staff strike over pay for first time in more than 50 years Deutsche Bank backs the City … The post Things worth reading: 2nd August 2017 appeared first on Chris Skinner's blog.

America 177
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ICOs Get Another Outlet in Blackmoon

Bank Innovation

Another company is jumping into facilitating ICOs. Blackmoon Financial Group, which current operates a marketplace lending platform, today launched a service for making Initial Coin Offerings, or ICOs. The new ICO platform, called the Blackmoon Crypto Platform, allows investors to trade and invest in “tokenized vehicles” by using the platform’s issued tokens on the Ethereum […].

Lending 199
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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

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Mobile Payments Today: July's best reads

Payments Dive

It's time for a look back at July's most-read articles and blog posts on Mobile Payments Today.

Mobile 230

More Trending

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Direct To Consumer: Impact On Retail Manufacturing Industry

PYMNTS

To say direct-to-consumer retail practices have had an impact on the manufacturing industry would be an understatement. With eCommerce a major proponent of the direct-to-consumer (DTC) channel and showing no signs of slowing down, the retail industry landscape has been forever changed. Outside of brick-and-mortar stores being on the receiving end of some crucial direct-to-consumer blows, one area that’s seen a major transformation is behind the scenes with the retail manufacturing industry.

Industry 120
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Redefining banking through AI and big data

NCR

The rise of the Millennials is creating a revolution in the economy. Banking isn’t exempt from the disruption caused by new technologies. This generation is open to solutions from outside the traditional financial system. Tech giants and start-ups get the credit of being able to create the necessary change. Artificial intelligence (AI) and data science will most likely be the fuel of the new approach to finance.

Big Data 111
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How The Cost-Conscious Aussie SME Approaches Innovative Tech

PYMNTS

Small businesses may be interested in innovative technologies, but only a few are willing to make the leap — and the investment — necessary to actually implement tools into their businesses. The latest research from the SMB Technology Adoption Index , for example, revealed news that just 13 percent of U.S. SMBs are willing to embrace innovative technologies beyond moderate use of new solutions.

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Why FinTech Companies Should Implement BI Sooner Than Later

Let's Talk Payments

Financial technology is a burgeoning industry with many new startups hitting the playing field every year. With ever-increasing competition, early implementation of business intelligence and analytics capabilities can have a.

Company 110
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The State of Automation in Financial Services 2024 Report

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

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Chatbot Tracker: Weighing Your Options

PYMNTS

Chatbots are everywhere these days and are hot topics of conversation among retailers. Learning how to best leverage this relatively new interactive revenue option with smart technology and artificial intelligence (AI) that provides instant consumer feedback, automates routine processes and enhances overall retail operations makes chatbots alluring.

Retail 115
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Racing Into Machine Learning: Data Readiness & the Developing World

Let's Talk Payments

Machine Learning (ML) technology can help us draw important insights from data, but it is imperative to recognize a model is not an end in and of itself. Based on.

Data 111
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Today in Data: QR Codes in Payments

PYMNTS

QR codes are making waves in the digital payments arena. What was once just a way to encode information made available upon scanning with a connected device is making strides outside of its traditional space. EMV managing leg EMVCo has shared news of its two new QR code payment offerings, but Mastercard’s Masterpass QR is gaining traction in areas around the world.

Payments 113
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Four ways in-branch banking tech will uplift customer experience

Bobsguide

We are currently watching an influx of new challenger banks into the UK market. A good part of the reason is down to changing customer preferences for online banking’s speed and convenience. For sure, when it comes to customer satisfaction levels, they’re surpassing their High Street.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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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Small Businesses Sold More Than 2 Billion Items On Amazon In First Half Of 2017

PYMNTS

Amazon announced that small businesses (SMBs) and entrepreneurs sold more than two billion items to shoppers on the site — resulting in a record-breaking first half of 2017. According to a press release announcing the news, Amazon offers SMBs the opportunity to reach shoppers in more than 180 countries around the world and more than 300 million active customers.

Branding 108
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The Future of AI: Redefining How We Imagine

FICO

To commemorate the silver jubilee of FICO’s use of artificial intelligence and machine learning , we asked FICO employees a question: What does the future of AI look like? The post below is one of the thought-provoking responses, from Sadat Nazrul , an analytic scientist at FICO, working in San Diego. Looking at the next 20 years, I see us moving well beyond the productivity enhancements AI has brought about so far.

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Groupon Partners With Grubhub To Bring Food Delivery To Its US Customers

PYMNTS

In QSR news this week, Groupon and Grubhub announced in a press release that the two companies have formed a strategic partnership to bring food delivery to Groupon customers throughout the United States. As part of the deal, Groupon and Grubhub have entered into a commercial agreement that will allow Groupon to give its users the ability to order food delivery from Grubhub’s 55,000 restaurant partners via the Groupon platform.

US 103
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UnifyID raises $20 million for authentication tech

Payments Source

San Francisco-based startup UnifyID is developing an “implicit authentication” platform that requires no conscious actions by users to authenticate identities, and it’s just closed $20 million in fresh funding to support its growth.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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For Mastercard, QR Codes, Developing Market By (Developing) Market

PYMNTS

When it comes to payments, each market or country has its own preferences. Cash, plastic, debit or credit — consumers demand access to the transaction types with which they are most comfortable. Technology plays a role, of course, in making sure choice is varied, especially when it comes to retail. So it is that QR codes are seeing increased adoption across developing markets.

Marketing 102
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8.1.17: Your morning briefing

Payments Source

Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Klarna's P-to-P app; Andy Murray makes a tech investment; PayPal invests in AI; DueCourse's invoice payment engine struggles.

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CFPB Rails Against Costly Pay-By-Phone Fees

PYMNTS

The Consumer Financial Protection Bureau warned companies Monday (July 31) about tricking consumers into expensive pay-by-phone fees. In a press release the government watchdog said it is concerned about the potential for companies to mislead consumers about the purpose and amount of certain pay-by-phone fees or keeping them in the dark about much cheaper payment options.

Payments 102
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American Express, MineralTree add virtual cards to AP

Payments Source

American Express and MineralTree are partnering to streamline business-to-business payments by incorporating the Amex virtual corporate card platform into MineralTree's accounts payable processes.

Cards 60
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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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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Google Hires Former Essential Exec For Home Improvement

PYMNTS

As much as Google would like users to believe there’s no device like Home, the smart speaker is not exactly delivering an over-the-rainbow experience for some. Music fans are frustrated with the Home after a recent update, purported to let them play songs they had purchased from or uploaded to Google Play Music, has failed to give them consistent access to their music library.

Google 101
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Regulation and enforcement: FX manipulation, best execution, and principles, principles, principlesâ?¦

Bobsguide

You would be mistaken if you thought enforcement notices were just the preserve of big banks and individuals. Many smaller regulated banks fall foul of FCA and other authorities’ scrutiny.

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J.C. Penney Launches ‘Project Runway’ Clothing Line

PYMNTS

J.C. Penney has had a rough couple of years, but it may be getting a reprieve with its latest news. The department store is taking on a new partnership with the Lifetime reality show “Project Runway.” For this pairing, a “Project Runway” branded clothing line inspired by contestants on the show will soon be available to J.C. Penney customers. Starting Sept. 8, J.C.

Retail 101
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RBC adds 'Siri pay my bills' to its app

Payments Source

Royal Bank of Canada has updated its mobile app to enable personal banking users to ask Siri to pay their bills on iPhone and iPad.

Mobile 62
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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.