Chris Skinner

AUGUST 30, 2017

A short time ago, I hosted an interesting group for the Nordic Finance Innovation meetings. The meeting gathered several of the leading-edge Banking-as-a-Service (BaaS) companies that have launched in the last few years including Bud, Clearbank, Leveris, Saxo Bank and Solaris. Building on each others narrative it soon became clear … The post Lego bank is here, but it’s not built with Lego appeared first on Chris Skinner's blog.

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Meeting Innovation Groups Company 369

Bank Innovation

AUGUST 30, 2017

PayPal launches its first cash-back credit card called PayPal Cashback MasterCard in the U.S. exclusively for PayPal members in a effort to increase usage in online and physical stores. The card will be issued by Stamford-based Synchrony Bank, which has partnered with PayPal since 2004. The card offers 2% cash back on all purchases, with […].

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Cards Online Apple Mobile 313

Abrigo

AUGUST 30, 2017

The changes inherent in the shift from FASB’s incurred model to the current expected credit loss model (CECL) present many challenges for financial institutions and accounting professionals alike. However, the transition from an incurred model to estimating expected credit losses is not meant to be a cumbersome process, let alone one that is unmanageable.

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Management Analysis Data Software 150

Bank Innovation

AUGUST 30, 2017

The Russian state-owned bank, Vnesheconombank will open a special research center focused on blockchain in September. The center will be based at the National University of Science and Technology in Moscow. The launch of the center came at the request of President Vladimir Putin, according to reports. According to reports, VEB chief executive Sergei Gorkov […].

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blockchain National Report Technology 275

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.

US

PYMNTS

AUGUST 30, 2017

Although it’s no secret that social media platforms such as Snapchat , Facebook and Instagram have a strong affect on fashion trends, it may be surprising to see just how robust that impact actually is. With more 400 million daily users across the globe, Instagram is becoming a strong driver of fashion purchases, according to a new report from Dana Rebecca Designs.

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social media Report Study Trends 155

PYMNTS

AUGUST 30, 2017

Those who prophesied the death of brick-and-mortar retail in favor of online alternatives may have been premature. Sure, merchants without an online presence are largely sinking or already sunk. But those who practice a pure eCommerce model may be in just as much trouble. Amazon has seen it. That’s likely why, after putting brick-and-mortar bookstores like Borders out of business, it’s now building its own version of the exact same thing, and why it’s running so many pilots and experiments in th

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San Francisco Online Retail Seattle 128

Bank Innovation

AUGUST 30, 2017

SaaS-based digital banking platform Urban FT said that troubled cloud-based SaaS technology provider, Digiliti Money has rejected its takeover offer of $10.5 million. According to Urban FT’s Tuesday announcement: For reasons not clear to Urban FT, DGLT, via its advisors at Lake Street Capital Markets, proposed alternate terms and stood firm on those terms, which Urban FT […].

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Digital Banking Capital Technology Marketing 207

PYMNTS

AUGUST 30, 2017

Cybersecurity consulting firm Akouto Consulting has a warning for businesses: There has been an increase in instances of malware able to bypass traditional antivirus measures, threatening business bank accounts. An announcement Tuesday (Aug. 29) from Akouto warned of a “sharp” increase in the use of these new strains of malware, with small businesses some of the victims of an attack that can remain undetected despite virus scans.

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Bank Innovation

AUGUST 30, 2017

EXCLUSIVE – Accounting software company, Tipalti launched a ‘touchless’ AI-driven invoice management service enabled by using OCR and machine learning. This Touchless Invoice Data Capture and AI-Based Approval Routing technology is now available on its payable platform. The feature enables invoices to be automatically documented, processed and approved without intervention by a accounts payable person.

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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

Lending

PYMNTS

AUGUST 30, 2017

As consumers get busier and more digitally savvy, their need for new tools to help them manage the simpler aspects of life grows as well. Many companies have responded by adding skills to Amazon’s personal assistant device, Alexa , and now eCommerce firm Ocado Technology has joined the fray with its own skill that aims to make grocery shopping simpler.

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Training Tools Technology Company 123

Bank Innovation

AUGUST 30, 2017

EXCLUSIVE — Square Capital isn’t the only place outside of a bank for a small business to get the money necessary to grow, and ShopKeep wants its business customers to know. The enterprise software provider, which transforms an iPad into a “connected cash register” for merchants, has launched its “ShopKeep Capital” service today for businesses.

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Capital Software Lending Online 186

PYMNTS

AUGUST 30, 2017

When most people think of beauty there is an almost instant association with the young and the glamorous. Sure there is such a thing as beauty at any age, but our society tends to associate beauty and interest in beauty with the young. Similarly, though for very different reasons, we also tend to associate service on demand with the young, or at least the youngish.

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Nashville Tennessee Millennials Training 123

Bobsguide

AUGUST 30, 2017

The European Union’s new data protection regulation, the GDPR, gives EU citizens ultimate control over their personal data. But when did we lose control? And why? In the first of a two-article series Ben Gould, Managing Director, EMEA & APAC, Opus Global, outlines the aims of GDPR.

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Regulation Data Management 117

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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

Report

PYMNTS

AUGUST 30, 2017

As Walmart faces a growing number of retail rivals in the Brazilian market, the retailer appears to be playing defense, investing about $316 million in its Brazilian Walmart locations over the next two years to remodel 120 of its stores in the country. Walmart, which is the third-biggest diversified retailer in Brazil, has already launched its remodel program and expects to continue the upgrades in Brazil through 2019, according to news from Reuters.

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Let's Talk Payments

AUGUST 30, 2017

All companies make poor decisions from time to time. Often, a company’s refusal to embrace a disruptive technology in favor of tried-and-tested traditional methods doesn’t turn out well. One good.

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Lending Technology Company US 110

PYMNTS

AUGUST 30, 2017

Executives at Best Buy are projecting full-year revenue growth to land at 4 percent in 2017, beating a previous estimate, which suggested that growth would only rise by 2.5 percent. However, CEO Hubert Joly warned analysts not to be overly optimistic about the company’s upcoming performance, and the firm advised investors that its recent strong stock performance should not be viewed as a “new normal,” Reuters reports.

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Report Company Retail 122

Payments Source

AUGUST 30, 2017

Ask any consumer what their most-used mobile wallet is, and you'll get one answer. Ask an issuer or a merchant, and the answer could be vastly different. Here's why.

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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.

Lending

PYMNTS

AUGUST 30, 2017

A Nevada homeowner has filed a lawsuit accusing Wells Fargo & Co of improperly forcing thousands of U.S. customers to lock in home interest rates when their mortgage applications were delayed. Reuters reported news that Victor Muniz alleges that he was charged $287.50 for a rate lock extension this year after his mortgage application was hit with bank delays.

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San Francisco Nevada Regional Analysis 121

Bobsguide

AUGUST 30, 2017

The digital revolution has shaken up the business world and fundamentally changed the way we all operate. But while digital technology has been available since the 1950s, the business community is still working hard to ensure all large businesses have a digital first approach. Like any radical.

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Community Operations Technology 83

PYMNTS

AUGUST 30, 2017

Most businesses would expect the banking industry to be more technologically advanced than the parcel shipping business, but that was not the case for a long time. Now, however, it could be changing. Frictionless payments firm nanopay maintains a payment platform facilitating business-to-business (B2B) payment solutions and real-time payment tracking, “almost like UPS tracks parcels,” said Laurence Cooke, nanopay’s founder and CEO.

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Security Payments Fintech blockchain 117

Payments Source

AUGUST 30, 2017

The Pay It Plan It feature allows customers to create payment plans for individual purchases, similar to personal loans. The plans include a fixed fee and no interest.

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Mobile Payments Cards Lending 71

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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.

Lending

PYMNTS

AUGUST 30, 2017

Americans love their pets — and really love spending money on their furry companions. If there was any doubt about that, the latest results from Amazon , where pet product category sales have grown by 40 percent, is a confirmation that pets are beloved even in online retail. Amazon’s sales are an indicator of an overall robust category, according to Packaged Facts’ study, entitled “U.S.

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Retail Online Study Meeting 116

Payments Source

AUGUST 30, 2017

By eliminating the friction of a cardless ATM, the utility value of the mobile wallet has just increased by an order of magnitude, writes Dan McKinney, co-founder and chief marketing officer at Finxact.

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ATM Mobile Marketing Conference 65

PYMNTS

AUGUST 30, 2017

Google has offered up plans and a glimpse of how it will seek to comply with antitrust directives from the European Union’s General Data Protection Regulation (GDPR), Reuters reported Tuesday. The plans center around behavior in which the internet giant favored its own shopping platform over rivals, giving prime search displays to its own displays, the newswire stated.

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Google Regulation Mobile Online 116

NCR

AUGUST 30, 2017

Machine learning, or the ability for a computer to analyze new information and adapt its calculations accordingly without the need for human input, is one of the most exciting new technologies currently being rolled out by organizations around the world, and financial services is no exception. One of the most promising applications for this technology in the banking sector is in fraud detection.

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Fraud Cards Analysis US 75

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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.

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