Chris Skinner
FEBRUARY 13, 2018
I often talk about my week in Hangzhou last year, writing the case study on Ant Financial for the new book Digital Human, and particularly the words of Jack Ma on how he sees managing the Alibaba platform: Management. The word is there for regular companies. At Alibaba we treat … The post Will platforms replace governments? appeared first on Chris Skinner's blog.
Bank Innovation
FEBRUARY 13, 2018
EXCLUSIVE – PFM platform MoneyLion now has two million customers on its app. That number is a milestone for the fintech that launched a little over four years ago. Back in November, Bank Innovation reported the New York. -based personal finance app’s user base to be 1.5 million. Considering that number that’s over 500,000 users […].
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Payments Dive
FEBRUARY 13, 2018
The Boston-based company has a new twist on in-vehicle payments that uses a device already present in some 35 million automobiles on the road today.
Bank Innovation
FEBRUARY 13, 2018
Australia’s realtime payments platform is live today. Right now, New Payments Platform (NPP) will enable customers of three of Australia’s major banks: Commonwealth Bank, National Australia Bank and Westpac, to send money through a service called PayID. The realtime payments was first piloted in November between employees of Australia’s 13 major financial institutions.
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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
Chris Skinner
FEBRUARY 13, 2018
Things we’re reading today include … Slovakia woos with ‘love bank’ for Valentine’s Day Punjab National Bank detects $1.77 billion worth of fraudulent transactions Barclays Bank charged again by SFO over Qatar loan Japanese bank Sumitomo ignores Brexit to sign a 20-year lease on a new London office Failings of … The post Things worth reading: 14th February 2018 appeared first on Chris Skinner's blog.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
FEBRUARY 13, 2018
Mobile Payments Today recounts all the ways we love our favorite transaction method, flaws and all.
Bank Innovation
FEBRUARY 13, 2018
EXCLUSIVE—Online lender OnDeck grew originations and expects even more growth this year, according to its earnings call today. The New York-based OnDeck expects “originations to grow at double-digit rates” over the next year, company CEO Noah Breslow said during the call this morning. OnDeck recorded a profit for the company’s fourth quarter after posting losses for […].
PYMNTS
FEBRUARY 13, 2018
Oracle is rolling out new mobile apps deploying artificial intelligence (AI) targeted at chief financial officers (CFOs) and other corporate finance professionals. The company issued a press release on Tuesday (Feb. 13) announcing the launch of its new Oracle Adaptive Intelligent Applications for ERP (enterprise resource planning). The tools aim to enhance existing solutions in the enterprise via automation and can be applied to an array of processes, including procurement, financial management
Bank Innovation
FEBRUARY 13, 2018
For all buzz around cryptocurrency and blockchain technology, surprisingly, the top U.S. banks have not been investing as much in these areas as much as one might have thought. The top areas of interest for the major U.S. banks when it comes to fintech investment is personal finance, according to a report by CB Insights. […].
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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
FEBRUARY 13, 2018
After weak holiday sales, Barnes & Noble has laid off an unspecified number of experienced workers, such as lead cashiers and digital leads. The news came to many workers as they arrived for work on Monday (Feb. 12), sources familiar with the matter told CNBC. Despite generally strong consumer spending during the 2017 holiday season, sales at Barnes & Noble fell more than 6 percent from 2016 to 2017 — ending the decline at $953 million.
Bank Innovation
FEBRUARY 13, 2018
Micro-investing app Stash has raised $37.5 million in a Series D round, as it adds several new banking features to its app, the company announced yesterday. The funding, led by Union Square Ventures, also comes after Stash has continued to grow its customer base: the app now serves 1.7 million clients, with about 40,000 new […].
PYMNTS
FEBRUARY 13, 2018
Mastercard wants to “Start Something Priceless” for UEFA Champions League fans through a partnership with famed Brazilian soccer player Pelé. The partnership has resulted in a short film, “ 22 Languages, ” which celebrates football fans, 22 of them, from around the world and their passions. The film is the latest project in Mastercard’s “Start Something Priceless” campaign, designed to inspire people to pursue a passion and transform small moments into amazing memories.
Bobsguide
FEBRUARY 13, 2018
Dov Goldman of Opus, outlined exactly how the concealed Uber breach came about, what GDPR would have thought and how big businesses can prevent data breaches in the future. Tell us about yourself about yourself. My title is VP of Innovation but practically that makes me an entrepreneur in.
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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.
PYMNTS
FEBRUARY 13, 2018
Micro-investing app Stash announced it has raised an additional $37.5 million in Series D funding to help it achieve its goal of launching a new banking service in 2018. The round was led by Union Square Ventures, while existing investors Breyer Capital, Coatue Management, Entree Capital, Goodwater Capital and Valar Ventures also participated. Stash currently serves over 1.7 million clients and 5 million subscribers, with approximately 40,000 new clients joining weekly – making it the fastest-gr
Payments Source
FEBRUARY 13, 2018
Tipalti, whose platform automates domestic and international accounts payable, has raised $30 million in a Series C financing round led by Zeev Ventures, bringing its funding total to $50 million.
PYMNTS
FEBRUARY 13, 2018
Amazon ‘s Business unit wants to be a supplier of medical products to hospitals and clinics around the country. According to news from The Wall Street Journal , Amazon Business has hosted meetings with executives from hospitals around the U.S. at its Seattle headquarters during the past months, with the most recent conference taking place at the end of January.
Payments Source
FEBRUARY 13, 2018
By taking advantage of the peak sales periods with higher-than-usual transaction volumes such as Valentine’s Day, criminals can use legitimate payment and shipping platforms without raising fraud alerts, writes Ron Teicher, CEO of EverCompliant.
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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.
PYMNTS
FEBRUARY 13, 2018
Due to a vulnerability in Telegram ’s messaging app, hackers have been able to rack up cryptocurrencies such as ZCash, as stated by Kaspersky Lab. Bloomberg reported Tuesday that Telegram remains among the more popular messaging hubs tied to cryptocurrency stakeholders. The security firm said that users had been duped, mistakenly downloading malicious software that then “used their processing power to mine currency, or serve as a backdoor for attackers to remotely control a machine.
Payments Source
FEBRUARY 13, 2018
Payfone, which provides technology to confirm customer identities, has secured $23 million in a funding round led in part by Synchrony Financial.
PYMNTS
FEBRUARY 13, 2018
Whether a consumer or a business, everyone wants to be able to pay easily and efficiently. . Sometimes, though, making and receiving payments is easier said than done. Or at least, it used to be, until payments-embedded platforms came along. Solutions providers are increasingly working to create solutions that make it easy for consumers to pay — and a lot easier for companies of any size to accept payments.
Payments Source
FEBRUARY 13, 2018
EBay's recent decision to favor Adyen over PayPal doesn't spell doom for PayPal, which sees itself playing a key role in the nascent gig economy. But other payment networks also seek a slice of that pie.
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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.
PYMNTS
FEBRUARY 13, 2018
Russian banks are reporting that 2017 was a rough year for cyberattacks; rough and expensive, according to news from Reuters. Russian bank officials revealed hackers lifted over 1 billion roubles ($17 million) from Russian banks in 2017 using the Cobalt Strike security-testing tool. Over the last 18 months, Russian institutions have been under scrutiny for various cybercrimes, as reports have emerged that Moscow-backed hacking units have been instrumental in cyberattacks on the U.S. and across
Payments Source
FEBRUARY 13, 2018
Amazon recently made headlines by teaming up with JPMorgan Chase and Berkshire Hathaway in a collaboration that might use e-commerce tools to wring inefficiencies out of the companies' health care coverage. It's an idea that's already underway in Sweden.
PYMNTS
FEBRUARY 13, 2018
A new survey released Monday (Feb. 12) from the National Small Business Association (NSBA) and ZipRecruiter found small business (SMB) owners are more optimistic than they were a few months ago. Reports in The Washington Post said the survey found that nearly 60 percent of more than 1,600 entrepreneurs — surveyed in December and January — expect the national economy to improve over the next year.
Payments Source
FEBRUARY 13, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Yapstone raises funds; Governments suggest they won't protect cryptocurrency fraud victims; Hack in Italy; Ripple's network gets larger; Hong Kong banks dig QR codes.
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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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