Chris Skinner
JANUARY 28, 2019
I claim that most of the banks embracing true digital transformation and not just treating digital as a channel, are led by people who understand technology. They have a leadership team who are passionate about digitalisation, and see it as a core raison d’etre of the bank’s future. Not just … The post The CEO and Chair make digital banking work appeared first on Chris Skinner's blog.
Bank Innovation
JANUARY 28, 2019
BMO Harris Bank did itself a favor by being responsive to questions and criticism on social media from customers locked out of their digital accounts with the bank this past week, according to Adrenaline, an experience design company. The Chicago-based bank is dealing with the fallout from a glitchy launch last week of its new mobile banking […].
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Chris Skinner
JANUARY 28, 2019
Things we’re reading today include … Man Quits Job At Bank And Turns Up In Spider-Man Costume On Last Day Metro Bank loan blunder perplexes industry Anne Boden’s Good Bank, Bad Bank is scrapped U.S. to Huawei: Don’t Lie to Your Bank Barclays executive had sleepless nights over Qatar ‘bung’, … The post Things worth reading: 29th January 2019 appeared first on Chris Skinner's blog.
PYMNTS
JANUARY 28, 2019
China’s startup market had a good year in 2018, with close to 100 technology companies garnering a valuation of more than $1 billion. Known as unicorns, the companies were led by eCommerce and video streaming services, the Financial Times reported, citing data from Hurun’s ranking of China’s top tech companies. According to the report, Hurun, which also produces the annual rich list for China, found there are 186 Chinese tech startups that have valuations of more than $1 billio
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
JANUARY 28, 2019
Financial technology provider Personetics is building robo-advisor capabilities into its AI-based PFM tool offering. This new feature will allow banks to offer their customers the valuable product of auto-investment, ideally at no extra, or at least minimal, extra cost. The added service helps the bank, not just by giving the bank another way to serve its customers, […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
JANUARY 28, 2019
Coming off a year of high growth, enterprise blockchain startup Symbiont on Wednesday closed a $20 million Series B funding round led by Nasdaq Ventures, with participation from new investors including Galaxy Digital, Citi Ventures, and Raptor Group. Backing from Wall Street may be an indicator that traditional financial players are still warm to blockchain […].
PYMNTS
JANUARY 28, 2019
Since about mid-December of 2018, checking out in the stores here in Boston has become even more of a hassle. Never mind the people who start rummaging around in their purse or wallet to pull out their cards after stepping up to the checkout counter. Or the chatty person who strikes up a conversation with the only cashier on duty while the rest of us cool our heels.
Bank Innovation
JANUARY 28, 2019
Phillip Goldfeder, senior VP of public affairs at Cross River Bank, is speaking at Bank Innovation Ignite 2019. Goldfeder will be speaking on the alternative lending panel titled “New Scoring Models, New Data Sources,” where he will be addressing topics on the state of alternative data post-GDPR, credit scoring beyond FICO as well as will speak […].
PYMNTS
JANUARY 28, 2019
The European Union’s (EU’s) PSD2 is making merchants that deal with payment data from Eurozone citizens enhance their payment protocols. In other news, Fundbox is expanding access to its Fundbox Pay business credit solution. And Starbucks has grown its loyalty rewards program enrollment, while big-name merchants in the United States are adopting Apple Pay.
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
Payments Dive
JANUARY 28, 2019
This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.
PYMNTS
JANUARY 28, 2019
To help serve diners who crave convenience, restaurants and solution providers have started to test and grow their mobile ordering services. The aim is to allow diners to place their orders – and even pay – before they ever set foot in a restaurant. And the concept is not unfamiliar to customers who, according to recent data, are already receptive to mobile technology.
Payments Dive
JANUARY 28, 2019
This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.
PYMNTS
JANUARY 28, 2019
Retailers have been testing out shelf-scanning robots to find out if they can handle restocking a store’s inventory when needed. “We’re giving them a real-time, actual image of their product layout across the whole store, up to twice or three times a day,” said Red McKay, managing director for Europe at Bossa Nova Robotics, according to The Wall Street Journal.
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.
Bobsguide
JANUARY 28, 2019
Early on in my treasury consulting career, a new client approached me with what seemed to me a rather unusual request during their system implementation: “Could you please set up Deutsche Mark as one of our currencies?” I blinked. Deutsche Mark – the former German currency replaced.
PYMNTS
JANUARY 28, 2019
Corporates aren’t prepared to tackle the headwinds of market risks, according to two separate reports released last week. FTI Consulting released its inaugural Resilience Barometer report during the World Economic Forum held in Davos, Switzerland last week. The report explores how companies in G20 nations are preparing for risks related to technological disruption, regulation and cybersecurity.
Bobsguide
JANUARY 28, 2019
The global payments landscape is changing. Digital transformation, new collaborative approaches between banks, fintechs and payments providers, and a changing regulatory environment are just some of the overarching themes impacting the sector. In association with Western Union Business.
PYMNTS
JANUARY 28, 2019
Amazon wants to get more exclusive — and it wants other companies to help with that effort by developing product lines meant to be sold only via the eCommerce operator. That move comes as Amazon has had trouble wooing some direct-to-consumer brands. Amazon wants “consumer goods companies to create brands exclusively for Amazon after finding that developing them on its own is too costly and time-consuming, according to people familiar with the strategy,” stated a report in The Wall Street Journal
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.
Bobsguide
JANUARY 28, 2019
Trilogue negotiations began last week to discuss EU supervision of the continent's central counterparty clearing houses (CCPs) and third-country CCPs. However, with European Parliament (EP) elections fast approaching, a spokesperson close to the negotiations says that there is.
PYMNTS
JANUARY 28, 2019
Apple said it has paid $120 billion in revenue to App Store developers since 2008. The company is kicking off its first annual Entrepreneur Camp, and it invited 11 female-founded app companies to its headquarters in Cupertino. While announcing the camp, Apple shared the numbers. Revenue for the app store continues to grow at a very fast pace, according to report in TechCrunch.
Payments Source
JANUARY 28, 2019
Instead of investing in contactless cards, financial institutions should focus on moving their offerings to mobile — into apps that can do more than money management, argues Mehmet Sezgin, CEO and founder of myGini.
PYMNTS
JANUARY 28, 2019
A General Data Protection Regulation (GDPR) complaint shows that Google may have misused people’s personal data and categorized them in highly sensitive ways, according to reports. Google’s ad technology apparently labels users depending on their internet activity, noted a report in TechCrunch. What’s more, they’re labeled with tags like cancer, mental health, right- or left-wing politics or even sexually transmitted diseases.
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.
Matt Wilcox Pro
JANUARY 28, 2019
The M Something seems to be missing from the Mastercard logo. Oh, now I see it. Or, rather, I don’t see it. What’s missing is the word “Mastercard.” Following two years of research, Mastercard has determined that the overlapping circles are strong enough to convey the brand without an assist from type. Accordingly, in certain settings [.
PYMNTS
JANUARY 28, 2019
Discover , the payments company, and Garmin International announced on Monday (Jan. 28) that Discover cardmembers can now make payments using Garmin Pay, a contactless payment solution offered by the device maker. In a press release , Discover and Garmin said Garmin Pay , which is powered by FitPay, is available on Garmin’s vívoactive 3 series smartwatch, and also on its Forerunner GPS running watches: the Forerunner 645, Forerunner 645 Music and Fenix 5 Plus series, as well as the D2 Delt
Bobsguide
JANUARY 28, 2019
Ever since early cave dwellers painted a visualisation of the world around them, humans have had a fundamental need to socialise and communicate with others, to transfer a common understanding of states past, present and future between them. Body language and the spoken word were the early.
PYMNTS
JANUARY 28, 2019
Perhaps the most telling sign of China’s continued softening smartphone numbers was Apple CEO Tim Cook’s message to investors in early January, citing the decreased demand for phones in the world’s largest market. “While we anticipated some challenges in key emerging markets, we did not foresee the magnitude of the economic deceleration, particularly in Greater China,” Cook said.
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.
414 
Let's personalize your content