Payments Dive
APRIL 5, 2019
As MoviePass relaunches its controversial unlimited subscription plan for film buffs, the industry is expecting more disruption as rival services emerge.
Bank Innovation
APRIL 5, 2019
U.S. commercial banks are increasingly looking to fintechs to improve customer experience. In fact, a new Fraedom report shows that 73% of U.S. commercial banks are considering new fintech partnerships for improving either customer experience or security, and in some cases -- both. Customer experience has increasingly become a central theme in banking, both retail […].
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PYMNTS
APRIL 5, 2019
With U.S. gig workers accounting for more than $1.4 trillion in income by the end of 2018, it’s safe to say the gig economy is becoming a mainstream part of the global economy. From ridesharing drivers to freelance designers and consultants, an increasing share of gig workers are pursuing specialized jobs, often juggling multiple at once. In fact, the share of those in the gig economy with highly specialized skills rose to 32.3 percent in Q4 2018 — a 12.2 percent increase over the previous quart
Bank Innovation
APRIL 5, 2019
Roberto Sallouti feels like he just went through college all over again. The 47-year-old chief executive officer of Banco BTG Pactual SA, a fixed-income trading veteran, said he spent the past four years digging into subjects such as cloud computing, performance marketing and data-analytics metrics. His schooling was to help with the bank’s push into […].
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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
PYMNTS
APRIL 5, 2019
Dozens of cybercriminal groups have found a home on Facebook , using the platform’s online marketplace to sell illegal services such as stolen credit card information, as well as account theft and spamming tools, according to Cisco Systems’ Talos security unit. “Over the past several months, Cisco Talos has tracked several groups on Facebook where shady (at best) and illegal (at worst) activities frequently take place.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
APRIL 5, 2019
A new blockchain association has been created to promote the adoption of the technology across the European Union. The group — the International Association of Trusted Blockchain Applications ( INATBA ) — officially launched on April 3 in Brussels and includes SWIFT, IBM, Ripple and around 100 other companies and organizations. As a European Commission initiative, INATBA is a “global multi-stakeholder forum” created to bring “industry, startups and SMEs, policy makers, international organization
Bank Innovation
APRIL 5, 2019
With more bank-fintech partnerships, the acceptance of technological change within the C-suite, and an increasing number of entry points connecting banks to new businesses, it's no surprise that these topics resonated with readers in March. Below are Bank Innovation's top 3 posts for the month, based on website traffic and editorial judgment. Citi Venture Investing […].
PYMNTS
APRIL 5, 2019
Blunt question for PYMNTS readers (pun intended): Have you been inside a pot shop lately? One of the legal operations that are springing up in the states that have approved the above-board sale of marijuana products? Or do your views of marijuana retail still center around high school bathrooms, back alleys or sketchy dudes at heavy metal concerts? We don’t mean to be aggressive, nor do we take a stance on the moral or political natures of legal weed.
Payments Dive
APRIL 5, 2019
FSS Payment Gateway processed USD18.8B in transaction value in 2018, an approximate 58% of India's e-commerce traffic.
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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
APRIL 5, 2019
Denmark has decided to ban 500-euro notes in an attempt to fight money laundering in the country. The decision was made despite a request by the European Central Bank ( ECB ) not to ban the note. But Danish authorities says that the bills’ use for criminal activities justifies the ban, adding that the ECB even decided to stop printing the notes in 2016 under the recommendation of the global anti-laundering organization Financial Action Task Force.
Bobsguide
APRIL 5, 2019
Open Banking is being forced onto consumers when they haven’t been taught what the benefits might be, and banks must take responsibility for educating their customers before widespread adoption can be expected. “We need to remember a few things about customer demand,” said Simen.
PYMNTS
APRIL 5, 2019
SoLo Funds announced it has added a Mastercard integration so users can link their debit accounts to the peer-to-peer (P2P) lending platform. The company noted there are 100,000 Visa cardholders who already use the SoLo Funds platform, which allows users to request and receive a P2P loan of less than $1,000 within minutes – faster than traditional ACH bank transfers, which can take up to three full business days to settle.
Payments Source
APRIL 5, 2019
While many financial institutions are feeling competitive pressures from fintechs, a former Mastercard and Fiserv senior executive called on credit unions to collaborate with fintechs as a way to keep their tech-savviest members.
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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
APRIL 5, 2019
AeroGrow, maker of the at-home garden kit AeroGarden, has revealed that its website was infected with credit card scraping malware for more than four months. “On March 4, 2019, AeroGrow learned that an unauthorized person may have acquired, through the use of malicious code, the payment card information that users entered into the eCommerce vendor’s payment page.
Payments Source
APRIL 5, 2019
The number of IoT devices is growing quickly, but not all are properly connected to security systems, according to Pip Courcoux, sales and product manager for CLIQ Systems at Abloy UK.
PYMNTS
APRIL 5, 2019
It’s the love-hate relationship that defines the digital age in the early 21st century: U.S. consumers and social media. Data breaches, marketing so targeted and specific that it can feel creepy, lack of privacy and regrets over wasted time – people complain constantly about how social media causes or enables all of that. Yet those same people find it hard to quit the Facebook, Twitter and social media platforms.
Payments Source
APRIL 5, 2019
Grocers, alarmed at Amazon.com Inc.’s rapid growth in Europe, are considering fighting back with the help of a tiny Portuguese startup.
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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
APRIL 5, 2019
Amazon is starting to get more of the digital advertising dollars as marketers shift their focus away from Google. The Wall Street Journal , citing people familiar with the matter, reported WPP , the biggest ad buyer in the world, increased its ad spend at Amazon in 2018, spending $300 million for clients on Amazon search ads. Of that budget, The Wall Street Journal reported 75 percent came from money that was allocated for Google search ads.
Bobsguide
APRIL 5, 2019
The threat that central counterparties’ financial stability poses is not being treated with appropriate concern, according to the head of the Systemic Risk Council (SRC), an independent regulatory advisory organization. “At the moment there is, as far as the SRC can tell, no plan for.
PYMNTS
APRIL 5, 2019
Amid Apple ’s efforts to bolster its hardware and software with artificial intelligence (AI), an expert in the field has joined the tech company. Ian Goodfellow is now a director of machine learning in Apple’s Special Projects Group, CNBC reported. Goodfellow is behind an AI approach called generative adversarial networks (GANs), in which a generative network and discriminative network help produce creative outputs through video and audio as well as text.
Payments Source
APRIL 5, 2019
The speed of technological change is forcing Britain’s retail payments authority Pay.UK to redesign its core infrastructure.
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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
APRIL 5, 2019
Better late than never? That could be the emerging story when it comes to smartphones and cryptocurrencies, given Samsung’s recent entry in this area of digital payments. Samsung earlier this year presented its first blockchain partners for its Galaxy S10 smartphone during the Samsung Mobile Business Summit session at MWC Barcelona 2019, “with the world’s most popular smartphone maker confirming that it will support bitcoin, ethereum, Cosmee and Enjin, together with a range of decentralize
Payments Source
APRIL 5, 2019
The information you need to start your day, from PaymentsSource and around the Web. Today: Western Union expands in the Philippines; Apple Pay's transit pay reaches Singapore; The SEC issues guidance on ICOs; Sila launches a smart contract program.
PYMNTS
APRIL 5, 2019
In 1910, Albert Roye installed a glass-cutting machine in a small shed behind his home in Susquehanna, Pennsylvania and founded what he dubbed the Susquehanna Glass Factory. Two years later, his brother Walter joined the family business, which was still located in a shed. After a decade, the business had grown up enough that it moved to a real factory in nearby Columbia, Pennsylvania.
Payments Source
APRIL 5, 2019
Facebook Inc. housed dozens of cybercriminal groups that set up shop on the platform as online marketplaces to sell a variety of illegal services, such as stolen credit card information, account theft and spamming tools, a team of researchers found.
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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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