Chris Skinner
SEPTEMBER 6, 2017
I don’t usually tell people that I’m a qualified expert in insurance as it’s not relevant, but I’m mentioning it today as I just presented at a private insurance event. There are lots of interesting nuances in insurance. You and I probably think it’s just that once a year renewal … The post InsurTech’s big ticket items: machine learning on the blockchain appeared first on Chris Skinner's blog.
Bank Innovation
SEPTEMBER 6, 2017
EXCLUSIVE – Traditional banks cannot afford to ignore fintechs. What started out as a nascent subsect of the broader financial space is now at the forefront of how people bank. The impact of fintechs on how people bank has not gone unnoticed by The Royal Bank of Scotland, who over the past 18 months under […].
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Abrigo
SEPTEMBER 6, 2017
By John F. Dini, CMBA, CExP Financial buyers, Private Equity Groups and Family Offices, acquire companies based on their Return on Investment (ROI). When the owner of a mid-market company receives an offer from a financial buyer, he or she logically expects detailed due diligence on the business’ assets and income. Once they have proven the numbers shown on the balance sheet and income statement, most owners expect the transaction to proceed.
Bank Innovation
SEPTEMBER 6, 2017
Mobile wallet usage is increasing across the globe, but for countries with more fleshed-out credit card networks, that growth is still slow. This is according to the second part of the Global Consumer Survey: Consumer Trust and Security Perceptions report conducted by ACI Worldwide and the Aite Group. The study of 6,035 consumers around the […].
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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
SEPTEMBER 6, 2017
Things we’re reading today include … China’s Most Dangerous Bank Fintech pushes EU to explore changes to bank software rules Russia’s Central Bank Issues Warning on Cryptocurrencies and ICOs Goldman Sachs and Wells Fargo Are the Worst Bank Investments, Top Analyst Warns Challenger bank Redwood takes tech to the cloud … The post Things worth reading: 6th September 2017 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.
PYMNTS
SEPTEMBER 6, 2017
Although many people equate blockchain technology with the banking and computer worlds, the technology is changing the food landscape as well. Companies like Walmart, Kroger and Nestle recently joined a partnership effort involving blockchain, signaling that the Internet of Things is making its way into Americans’ kitchens. But what hasn’t been so deeply explored is how that technology can help food producers and retail firms collaborate more deeply, helping both succeed and strengthening the in
Bank Innovation
SEPTEMBER 6, 2017
New rule changes under discussion by European Union regulators could allow EU banks to invest more in software, allowing them to better fight against cyber attacks, as well as to keep pace with fintech firms. EU regulators are presently considering changes to banking laws that classify software as a cost, rather than an investment. If […].
Chris Skinner
SEPTEMBER 6, 2017
Things we’re reading today include … Atom Bank breaks into German retail savings market Banking group Nordea to move HQ to Finland in blow to Sweden European Central Bank and Bank of Japan: Blockchain Too Immature for Adoption Danske Bank customers in NI hit by IT problems What’s gone wrong … The post Things worth reading: 7th September 2017 appeared first on Chris Skinner's blog.
Bank Innovation
SEPTEMBER 6, 2017
EXCLUSIVE – Bank of America’s mobile app got a makeover today with a set of new features including a cardless ATM option. On Wednesday, the bank announced a slew of new features in an effort to enhance the banking experience of its 23 million mobile app users. The cardless ATM option maybe the most interesting […].
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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
Abrigo
SEPTEMBER 6, 2017
In a world filled with digital loan applications, growing fintechs and booming small businesses, credit unions need to continually evaluate their borrower experience. In a recent Sageworks webinar, “Best Practices for Automating Simple Member Business Relationships,” Vice President of Strategy at Sageworks Peter Brown discusses ways to improve borrower satisfaction.
Bank Innovation
SEPTEMBER 6, 2017
EXCLUSIVE – China just jumped on the bandwagon of governments regulating ICOs… by banning them. The question that experts can’t seem to agree on is: why? Joshua Klayman, an expert in the legal aspects of blockchain technology, confirms that new regulations are already changing the global cryptocurrency ecosystem. Klayman, a founding partner and head of […].
PYMNTS
SEPTEMBER 6, 2017
Football season is here, and with it, everyone’s favorite stadium food (and least favorite stadium snack prices). According to The Cheat Sheet , a slice of pizza sees a markup of 69 percent to 75 percent at most sports stadiums. Popcorn is looking at 82 percent to 92 percent. And in many cases, snow cones are closing in on 100 percent markup. Thirsty?
Bank Innovation
SEPTEMBER 6, 2017
The European Central Bank is working on new licensing guidelines that could cover fintech companies, ECB’s Supervisor Daniele Nouy said at a conference today. According to statement released today, Nouy said: This guide will be published shortly for the purpose of a public consultation… The technical and financial hurdles have become a bit lower; the […].
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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.
Insights on Business
SEPTEMBER 6, 2017
Today, disruption, change, and competition are the new paradigm for banks. Not only are financial institutions being squeezed by growing costs and continued margin pressure, agile FinTechs are driving an imperative for hybrid cloud banks to become more open and agile in order to offer more compelling services to clients. To address this, banks are moving at lightning speed to find new ways to become more flexible, adapt to new markets and tap into pools of innovation across the fintech ecosystem
PYMNTS
SEPTEMBER 6, 2017
Corporate spend on business trips is headed towards $1.6 trillion by 2020, according to the latest figures from the Global Business Travel Association (GBTA). The figure represents a 5.6 percent increase in travel spend among corporations each year between 2015 and the end of the decade. This may be great news for travel and entertainmen (T&E) service providers and travel suppliers, but for the corporate spenders themselves, this is a lot of corporate cash.
Bobsguide
SEPTEMBER 6, 2017
Erik Zingmark - Co-Head of Transaction Banking, EVP, Nordea. Let’s be completely open: Europe’s new Payment Services Directive (PSD2) will fundamentally change banking as we know it. Forever. It is not a fad. Life will be different in 2018 when banks are to allow approved third.
PYMNTS
SEPTEMBER 6, 2017
Sweden is looking to become an epicenter for entrepreneurs and hopes to entice small businesses to set up shop, thanks to tax legislation changes in the country. Reports Tuesday (Sept. 5) in Reuters noted Sweden, which has its sights set on having the lowest unemployment rate in Europe by the end of the decade, is planning to cut taxes for small businesses that are hiring their first employees.
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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.
Let's Talk Payments
SEPTEMBER 6, 2017
Financial services are no longer services, but experiences, and the modern customer constantly seeks for a better one. While a better experience can have a varying definition depending on the.
PYMNTS
SEPTEMBER 6, 2017
There are those who get excited about AI and those who fear it — and for everyone in between, there’s speculation. The AI industry is never short on innovations, but some people questioned this week whether making innovations quickly is a good thing. With speed, accuracy can suffer. However, in the world of AI, sometimes there are no limitations.
Bobsguide
SEPTEMBER 6, 2017
Africa is an incredibly diverse continent in terms of economies, religions, politics, infrastructure, demographics and geographies, and to assume that a payment channel that works for one country will work across the board would be a very large mistake. MPesa is a fantastic example of this; while an.
PYMNTS
SEPTEMBER 6, 2017
Months after first signaling plans for the investment, the International Finance Corporation (IFC) has placed $10 million in group buying site Power2SME. Reports Tuesday (Sept. 5) said the IFC, a member of the World Bank Group, had announced the equity investment in the company, which provides small- and medium-sized businesses (SMBs) with a B2B eCommerce platform and a working capital solution.
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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.
Bobsguide
SEPTEMBER 6, 2017
Anthony Jabbour - Chief Operating Officer, Banking and Payments, FIS. Know thy customer, as the old adage goes, is an imperative for legacy banks today. At a time when consumers have so much choice, traditional banks are struggling to engage customers with new offers - especially by.
PYMNTS
SEPTEMBER 6, 2017
In its biennial exploration of the evolving role of corporate treasurers, Deloitte is keeping tabs on how treasurers are embracing technology and gearing up to handle more responsibilities than ever before. The company’s latest 2017 Global Corporate Treasury Survey was recently published, and it’s not surprising that, since its 2015 report, Deloitte found that treasurers continue to face new pressure from their executive committees and boards to become a strategic, value-added role within the e
Let's Talk Payments
SEPTEMBER 6, 2017
As ai Corporation expands its footprint into payments processing, the company is looking at converting its core competency of using ML for fraud detection as its USP.
PYMNTS
SEPTEMBER 6, 2017
UPS Capital, the financing arm of UPS, has a new president. The company named Mark Robinson as the new president of UPS Capital on Tuesday (Sept. 5). Robinson is tasked with promoting ongoing growth of the finance and insurance operations of the unit. “UPS Capital plays a very strategic role for UPS and our customers, providing unique solutions not typically found with other logistics, insurance and financial providers,” said UPS Capital Chief Sales and Solutions Officer Kate Gutmann in a statem
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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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