Bank Innovation
NOVEMBER 16, 2017
EXCLUSIVE—With individual stock ownership in decline, the number of apps and services seeking to bring in new investors is increasing. Many of these startups are adding new features, promotions, and courses to entice users, but one startup, Dublin-based company Rubicoin, is keeping a more simplistic approach as it expands its service to the U.S. “The […].
Chris Skinner
NOVEMBER 16, 2017
I regularly talk about BBVA (Spain) and DBS (Singapore) as banks that are doing the right things for digital transformation. They both started early, have a leadership team who are committed and have been driving down this road with results. Results in terms of awards and recognition within the technology … The post Does digital transformation actually matter?
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Bank Innovation
NOVEMBER 16, 2017
Singapore is offering a $19.9 million grant to banks in order to promote artificial intelligence and data analytics projects, as proposed by Ravi Menon, managing director for the Monetary Authority of Singapore (MAS) yesterday. The grant, called the Artificial Intelligence and Data Analytics Grant, will be reserved for financial institutions based in Singapore.
Payments Dive
NOVEMBER 16, 2017
A new feature within the bank's mobile app is more about customer control than payments.
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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
Bank Innovation
NOVEMBER 16, 2017
EXCLUSIVE -Fintech startup Token has inked a major partnership with payment processor Marqeta and Mastercard that tremendously expands its reach in the online retail space, just in time for the holidays. “By partnering with Marqeta and Mastercard, it opens us (Token) to almost every merchant that uses Mastercard. And that is a huge market because […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
NOVEMBER 16, 2017
UK-based startup, the London Block Exchange (LBX) is launching a debit card that will allow users to spend cryptocurrencies at the point-of-sale, the company announced yesterday. The cryptocurrency card, dubbed the ‘Dragoncard’ according to the press release, is a prepaid debit card to be powered by Visa. The card will be able to “immediately perform […].
PYMNTS
NOVEMBER 16, 2017
No one knows what the future holds. In life, certainly, but especially in technology — and especially in payments technology. From wampum to pieces of eight to greenbacks to mobile devices and NFC, the conduits and ways we pay are constantly evolving. No one holds the crystal ball that reveals which form factors will fit the wants and needs of consumers and merchants, but the trend veers toward openness, where versatility reigns and where any number of apps will work with any number of hardware
Bank Innovation
NOVEMBER 16, 2017
India’s largest payment platform, Paytm has teamed up with one the country’s largest private sector banks to offer interest-free digital credit its users. This interest-free short-term digital credit is called Paytm-ICICI Bank Postpaid. The loan amount will be up to Rs. 20,000 ($306) for a maximum of 45 days. If the user exceeds the 45 […].
PYMNTS
NOVEMBER 16, 2017
Google has announced an array of new Assistant features for app developers, including new push notifications, daily updates and additional language support. According to the news release, the added features are designed “to make it easier for users to find, interact and re-engage with your app.”. Assistant now allows for speaker-to-phone transfer, a new API that makes it possible to start an action on a Google Home speaker and complete it on the phone.
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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
Bank Innovation
NOVEMBER 16, 2017
China’s Alibaba Group experienced its best Singles Day shopping event to date last week. The event, which is annually held on November 11 each year, processed nearly 1.5 billion transactions on that day, reports say. Alibaba Group created Singles Day back in 2009 as an annual shopping bonanza with various sales and offers. It is […].
PYMNTS
NOVEMBER 16, 2017
Corporates may be aware that greater disruption from innovative technologies is coming, but that doesn’t mean they’re necessarily ready for it. A new report from the Association for Financial Professionals (AFP) found that only about a tenth of surveyed corporate treasurers are prepared for emerging technologies like blockchain and machine learning to disrupt the enterprise.
Let's Talk Payments
NOVEMBER 16, 2017
As a minimum, payment technology should create a path of least resistance for the consumer, as difficulty in settling an outstanding bill means organizations risk missing out on prompt payments.
PYMNTS
NOVEMBER 16, 2017
This month, Amaryllis , a tech startup building modular solutions for payment facilitators and merchant acquirers, has closed a significant round of financing, made two strategic hires, connected directly with industry professionals to answer questions and comments on the startup’s first CEO chat and made an impression at a major payments conference.
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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.
Bobsguide
NOVEMBER 16, 2017
The PIMFA Millennial Report 2017 was published today, with the aim of learning how the youngest working generation views personal investment management. Bobsguide's very own Millennial, David Beach, takes a look. Foresight is not often associated as the strongest suit of the young.
PYMNTS
NOVEMBER 16, 2017
If you thought Jim and Pam on “The Office” took forever to get together, you’ve clearly never followed the decades-long mating dance between the world’s two largest toy companies, Hasbro and Mattel — one, the owner of My Little Pony, Nerf, Mr. Potato Head and nearly all things Disney; the other, parent of Fisher-Price, Barbie, Hot Wheels and (once upon a time) nearly all things Disney, before losing the license to Hasbro in 2016.
Let's Talk Payments
NOVEMBER 16, 2017
On trends – banks are still the masters of the financial services industry Goldman Sachs’ Marcus is winning the personal loans arms race Marcus is pushing an us-versus-them anti-fee campaign.
PYMNTS
NOVEMBER 16, 2017
In what small business (SMB) owners are calling a “disaster,” post office workers on the archipelago nation of The Bahamas are striking, causing major hiccups for local SMBs’ cash flow management and shedding light on the importance of electronic invoicing and payments. According to news from Tribune 242 , employees at the post office headquarters on The Bahamas are protesting over what they claim are poor working conditions.
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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.
Payments Source
NOVEMBER 16, 2017
Canada's payments modernization initiative is using a distributed ledger to expedite processing across a nationwide network, providing scale that could open the technology to wider use elsewhere if successful.
PYMNTS
NOVEMBER 16, 2017
The thing about visionaries is they can sometimes be all about the vision and not so much about the stepping stones that will get them there. That was the case for former Touch of Modern COO Jonathan Wu : When he co-founded the company five years ago, he didn’t know how complicated international sourcing and payments would be. The eCommerce merchant sells apparel, accessories, furniture, electronics and other products aimed at the urban male.
Payments Source
NOVEMBER 16, 2017
The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon Go's sensors spot staff in costumes; A cryptocurrency for cryptocurrency office space; Bango expands in Africa; Kickstarter relaunches artist funding unit.
PYMNTS
NOVEMBER 16, 2017
Visa, the payments company, announced Wednesday (Nov. 15) that it is enabling bank-to-bank test transactions with a handful of partners, including Commerce Bank in the U.S., Shinhan Bank in South Korea, Union Bank of the Philippines and United Overseas Bank in Singapore. In a press release, Visa said it will test bank-to-bank transactions with more partners as it prepares for a commercial launch of Visa B2B Connect , which will give banks a fast, secure way to process cross-border B2B payments.
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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.
Payments Source
NOVEMBER 16, 2017
Consumers are increasingly concerned about payment card fraud, but it remains to be seen how much work they’re willing to do to protect themselves when they’re not directly liable for monetary losses from stolen cards.
PYMNTS
NOVEMBER 16, 2017
So what went wrong with Amazon Fresh? That was the question on everyone’s keyboard last week when it came out that Amazon had decided to pull the plug on its Fresh Delivery program in nine states — particularly because it did it so suddenly and without obvious explanation. But, according to internal sources reported on by Recode, the issue wasn’t Fresh itself, but the United States Postal Service — which was was the deliverer of choice to the areas where Fresh service was discontinued.
Payments Source
NOVEMBER 16, 2017
By employing a multi-layered approach to mobile security that combines device authentication with the latest user identification measures, retailers can establish maximum trust not only with their users, but also in the device being used to transact with them, writes Michael Lynch, chief strategy officer for InAuth.
PYMNTS
NOVEMBER 16, 2017
Modulr, a U.K. company that operates an API-driven payments platform for corporate payments, announced news on Wednesday (Nov. 15) that it has integrated with the nation’s Faster Payments system to accelerate B2B payments. The company said it has deployed a payments SLA and integrated with Faster Payments to automate B2B transactions for companies.
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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.
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