Bank Innovation
MARCH 29, 2018
Blockchain technology has been talked about in banking for so long that readers here can be excused for being a bit jaded on the subject. The technology has been touted as solving just about every problem bankers face, but as Adam Ludwin, CEO of Chain, told us in San Francisco at Bank Innovation 2018 earlier.Read More.
Chris Skinner
MARCH 29, 2018
A good example of that big bank thinking I referred to yesterday is Santander, and an incident that I fumed about the other day. I usually make payments to EU companies via my business account, which pays no fees on EU payments as per PSD2 and SEPA principles. However, I … The post Why big banks fail appeared first on Chris Skinner's blog.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Bank Innovation
MARCH 29, 2018
Like many others, venture capitalists are skeptical about investing in Initial Coin Offerings (ICOs). In fact, all four panelists on “Where and How to Invest in Fintech Now,” at Bank Innovation 2018 in San Francisco, unanimously dismissed investing in ICOs. ICOs are rapidly falling in popularity. This fall could, partially, be tied to the drop […].
Payments Dive
MARCH 29, 2018
Mobile payments continue to expand, making it important for operators of unattended retail equipment to invest in the technology. A speaker at the National Automatic Merchandising Association show in Las Vegas urged his fellow industry executives to get on board with the trend.
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
MARCH 29, 2018
Add HSBC to list of major banks that have partnered with payments company PayPal. Today, HSBC announced that as a result of its partnership PayPal, the bank will now let its global corporate customers make payments to beneficiaries using their PayPal accounts. In a statement released today, Tom Halpin, global head of payments in global […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
MARCH 29, 2018
EXCLUSIVE— With its upcoming SoFi Money accounts, personal finance and lending startup SoFi wants to provide banking consumers with a checking account for the new age: one that keeps the convenience of such an account and eliminates everything else. “SoFi Money is the best of a checking account and a savings account," Jennifer Delaney, director of.Read More.
PYMNTS
MARCH 29, 2018
Singapore-based Acudeen prepares for an initial coin offering (ICO) as it plans to migrate its existing trade finance solution to a blockchain platform. Reports in Global Trade Review on Wednesday (March 28) said Acudeen’s ICO will launch April 9 following a token presale. The company provides factoring solutions and hopes to shift its digital marketplace to a blockchain solution.
Bank Innovation
MARCH 29, 2018
EXCLUSIVE— The number of businesses that are now conducting their banking via mobile is increasing by the year, according to global financial provider Kabbage, which noted that mobile lending saw a more than 360% increase across a four-year span. Businesses are not only increasing their mobile lending activity, but also the amount of money they’re […].
PYMNTS
MARCH 29, 2018
Porsche Passport, the luxury car maker’s subscription service that enables users to access Porsche cars through a mobile app, is luring in younger-than-expected drivers, reported CNBC. Klaus Zellmer, Chief Executive of Porsche North America, told CNBC that the program, which is just live in Atlanta since November, is attracting drivers who wouldn’t typically drive their cars.
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
Bank Innovation
MARCH 29, 2018
UK-based mobile bank Starling Bank has launched accounts for small businesses, with no fees for payments or withdrawals, according to reports today. The business accounts will be entirely mobile—in keeping with Starling’s fully mobile strategy—and will allow owners to make international payments to their suppliers, export transactions for accounting, and set aside money for taxes.Read More.
PYMNTS
MARCH 29, 2018
Bitcoin is nearing a so-called “death cross” – the point when the 50-day moving average falls below the 200-day moving average, CNBC reported. Already, the cryptocurrency’s 50-day moving average has fallen below its 100-day average. Bitcoin was trading at $7,880.64 as of 9:49 p.m., according to CoinDesk. And Ripple made a $29 million donation in XRP to help provide school supplies to children in public schools, The Next Web reported.
Bank Innovation
MARCH 29, 2018
Credit monitoring and personal finance company Credit Karma is now valued at about $4 billion, after equity firm Silver Lake purchased a $500 million stake in the company. The stake comes as Credit Karma, which has been dutifully expanding its place in the financial ecosystem for more than a decade, seeks to move from a.Read More.
PYMNTS
MARCH 29, 2018
Being a startup means constant chaos. Hopefully controlled chaos, but chaos nonetheless. Yet it’s an exciting time in any company’s lifecycle, and entrepreneurs seem to enjoy the ride, somehow thriving on the whirlwind of activity. “All my startup friends have been telling me to expect this,” said Bruce Parker, founder and CEO of ModoPayments. “Right before everything goes great, there are big challenges, and we’re in the midst of that.
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.
Bank Innovation
MARCH 29, 2018
EXCLUSIVE - Braintree has some work to do. In order for the digital payments system provider to become the comprehensive commerce operating system for merchants that it wants to become, it must first adapt to the changing landscape of the retail industry, in which partnerships, technology, and concepts like contextual commerce are becoming commonplace.
PYMNTS
MARCH 29, 2018
Facebook, in an effort to quell some of the backlash since it revealed its latest data scandal with Cambridge Analytica, is limiting the information it shares with third parties that turn around and sell the data to advertisers. In a blog post , Graham Mudd, product marketing director at Facebook, disclosed the new move, saying the social media giant will shut down Partner Categories.
Bobsguide
MARCH 29, 2018
The customer is often considered king, but it’s debatable how many organisations embrace this perspective. Of course some are better than others, and the most successful enterprises constantly adapt to meet evolving customer expectations. Those that have followed this key business rule have.
PYMNTS
MARCH 29, 2018
Consider the resume. A piece of paper, maybe two, and tried and true. The history of you – professionally speaking. The problem is, who knows what’s true beyond what’s been tried? The phone calls, the references, the lead-ins to the interview. For the recruiter, the tasks and hurdles are formidable in winnowing down the inevitable waves and pools of candidates.
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.
Payments Source
MARCH 29, 2018
The technology behind how payments are being delivered is advancing quickly. Unfortunately, standards and systems aren’t evolving fast enough to keep up, writes Greg Cohen, president of Paya.
PYMNTS
MARCH 29, 2018
TSB, the U.K.’s challenger bank, is gearing up to create Business Marketplace, an internet site that will enable small businesses to compare financing options from several lenders all in one place. In a press release , TSB said small business banking is controlled by the big banks, which dominate more than 90 percent of the market. Small businesses, as a result, only seek financing from the big banks, and often face complex and time-consuming application processes.
Bobsguide
MARCH 29, 2018
Brexit stunned financial markets. As regulators in Paris were in the midst of establishing the largest set of rules to define European markets ever - in the second Markets in Financial Services Directive (Mifid II) - the UK’s determination to leave the European Union caused uproar across.
PYMNTS
MARCH 29, 2018
Any FinTech operating in the procure-to-pay, vendor payments and accounts payable (AP) spaces can’t deny the fact that paper checks are a headache. But they also can’t deny that checks continue to make up about half of the supplier payments volume (in the U.S., at least). This creates an interesting predicament for B2B payments disruptors: Should technology be used to make paper checks less friction-filled, or should it be used to entice businesses away from the paper check altogether?
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.
Payments Source
MARCH 29, 2018
Like a crime wave, data leaks and vulnerable static identifiers show no sign of abating, as MyFitnessPal became the latest in a string of sites to have users' data exposed trough usernames and hashed passwords.
PYMNTS
MARCH 29, 2018
Conventional wisdom: Online fraud is becoming an increasingly serious threat, one that’s likely to get a lot worse before it gets any better. More than 160,000 cyberattacks were reported last year – more than double the rate recorded in 2016 – making 2017 the worst year on record. Every attack means compromised data, and compromised data means an opportunity for fraudsters to use that information to commit fraud.
Payments Source
MARCH 29, 2018
The fintech is partnering with WebBank to offer a normal-rate, unsecured credit card for people with no credit or a thin file. Petal will consider how much money consumers make, the bills they pay on a monthly basis, and trends in volatility in their income and expenses.
PYMNTS
MARCH 29, 2018
It used to be pretty straightforward for consumers to find deals. They turned to the Sunday newspapers to clip coupons and find out what products were on sale for the week. But the advent of the internet brought more deals – and offers that are sometimes harder to find than in the weekly circular, Bryan Payne, Co-founder of Skout Deals , told PYMNTS.com in an interview.
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.
305 
Let's personalize your content