Bank Innovation
AUGUST 24, 2018
Standard Chartered, headquartered in London, is expanding its global digital footprint from Hong Kong to the west coast of Africa. The bank, which has $663.5 billion in assets and operates mainly in Asia, Africa, and the Middle East, announced in June that it would begin work on developing a disruptive new business model for the Hong […].
Payments Dive
AUGUST 24, 2018
Kroger's battle against Visa interchange fees, and Costco's contactless payment plan that's been years in the making, are the topics Will discusses with Jordan McKee. Jordan is an analyst for 451 Research. Will also breaks down his experience at CONNECT: The Mobile CX Summit.
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Bank Innovation
AUGUST 24, 2018
As gig workers and small businesses continue to grab a larger market share of the economy, more banks and FIs might want to consider card-based push payments as a way to grow their debit business. This suggestion comes courtesy of Mastercard. “And by growing their debit business, realtime push-payments can help banks generate more revenues,” […].
PYMNTS
AUGUST 24, 2018
U.S.-based Axiom Bank is expanding its business lending capabilities through the acquisition of Allied Affiliated Funding , reports said Thursday (Aug. 23). A press release announced the takeover agreement, which will see Axiom absorbing Allied’s asset-based lending and factoring offerings. The acquisition will also bridge Allied’s existing customers to the banking and cash management offerings of Axiom, the companies said.
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.
Bobsguide
AUGUST 24, 2018
It is impossible to ignore the effect of today’s mobile world, particularly in the financial services sector. Customers are increasingly turning to their mobile devices to manage all aspects of their daily lives, including their finances. This ongoing shift in consumer behaviour is certainly.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bobsguide
AUGUST 24, 2018
The Bank of England Systemic Risk Survey for H1 2018 found that 62% of industry respondents cited cyberattacks as the greatest risk posed to the UK’s financial stability. Political risk (91%) and specifically Brexit (80%) came out on top. But while cyberattacks are firmly embedded in the.
PYMNTS
AUGUST 24, 2018
Online payment platforms have no doubt changed how worldwide consumers do business. After all, they can simply open the Uber or Lyft app on their phones to go wherever they need to be, instead of stepping outside to hail a cab. Hotel reservations are out when traveling, too, and marketplaces like Airbnb or VRBO are in. Consumers and companies alike are even turning to marketplace platforms like Fiverr and TaskRabbit when hiring freelancers, handymen and other short-term or part-time workers.
Bobsguide
AUGUST 24, 2018
Queueco. With the help of AI-based algorithms, Queueco, a cryptocurrency exchange platform, supports online trading. Artificial intelligence produces trading recommendations and decision through the analysis of current trends, statistics and forecasts. The use of AI will provide a solution for.
PYMNTS
AUGUST 24, 2018
The yin and yang concept, born in China, can be applied to so many things. The theme that opposites may be complementary is nothing new, but it sure is amusing and, at times, instructive to observe – namely, that the universe finds a way toward duality, and oneness. Look at payments in China as an example. In news reported this week, and spotlighted in the South China Morning Post , the Bank of Communications, which stands as the country’s fifth largest lender, showed a 4.6 percent gain in profi
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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
Payments Source
AUGUST 24, 2018
A letter supposedly sent to U.K. bank customers warns that Barclays debit cards could explode. The letter then urges recipients to mail their cards, along with their PIN codes, to an address in Bangalore. But is this really happening?
PYMNTS
AUGUST 24, 2018
To help make more informed authorization decisions, KeyBank is turning to Mastercard Decision Intelligence. The system, which uses artificial intelligence (AI), will allow KeyBank to increase the accuracy of real-time approvals of genuine transactions and will help enhance the cardholder experience, Mastercard said in an announcement. “We are excited to continue partnering with KeyBank to deliver client-centric solutions and artificial intelligence capabilities beyond card payments,” Raj Sesha
Payments Source
AUGUST 24, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Cheddar's Scratch Kitchen suffers a breach; Swift's faster pay makes progress; Apple pushes charitable giving to boost mobile pay; Ripple seeks more e-money licenses.
PYMNTS
AUGUST 24, 2018
There’s nothing new under the sun, they say … except for new ways to steal. Payments fraud is, of course, no longer confined to someone swiping a credit card and running up a tab or taking money from a cash register. In the world of data theft and emails, the bad guys and victims never meet face to face. And since one might never know who is on the other side of a far-flung business relationship, the opportunities for theft abound.
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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
Payments Source
AUGUST 24, 2018
Google can’t underestimate the importance of its maiden voyage with Google Wallet and the lessons the company learned in being one of the first to offer payments through cellphones in the U.S.
PYMNTS
AUGUST 24, 2018
The basic idea of the lottery has changed little since olden times. Ancient Romans and Chinese, medieval Europeans and others regularly bought chances at big prizes, with the money usually flowing into civic coffers for public works. But playing and delivery methods keep changing, with Ohio of all places — no offense to the Buckeye State, home to multiple presidents and the Wright Brothers’ aerodynamic innovations — accounting for some of the latest developments.
Payments Source
AUGUST 24, 2018
KeyBank will deploy Mastercard's advanced transaction decisioning technology, boosting the card network's push into artificial intelligence-powered authorization.
PYMNTS
AUGUST 24, 2018
Quick-service restaurants (QSRs) are pushing ahead with their digital efforts, with mobile-ahead ordering among the hottest areas for that. But that also brings more opportunity for fraud — and protecting against fraud can often become an afterthought for QSR operators. That’s the premise of a recent PYMNTS discussion between Karen Webster and Tricia Phillips, senior vice president of product and strategy at fraud prevention company Kount.
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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.
ATM Marketplace
AUGUST 24, 2018
Mary Hines, Citi Managing Director of Customer Engagement and Innovation, described how the bank has created new opportunities for customer engagement in the mobile channel during her opening keynote last week at CONNECT: The Mobile CX Summit in Chicago.
PYMNTS
AUGUST 24, 2018
Moving beyond text-based online search for its customers, Forever 21 has unveiled visual search for its website and mobile eCommerce platforms. The technology, which is powered by artificial intelligence, was developed by Donde Search , the retailer said in an announcement. “Visual search technology bridges the gap between the convenience of online shopping and the rich discovery experience of traditional retail by enabling our customers to search for clothing in the same way they think about it
CB Insights
AUGUST 24, 2018
The women’s health movement is growing across the wellness sector. Corporates are playing a role, with personal care incumbents like Kimberly-Clark and Edgewell placing a greater emphasis on growth in the feminine care category. VCs are slowly realizing the investment opportunities across the space. Meanwhile, a crop of startups is working to destigmatize feminine hygiene through new products and services that emphasize transparency and sustainability.
PYMNTS
AUGUST 24, 2018
Small businesses’ use of alternative finance platforms is slowly on the rise. While data from the Federal Reserve shows small and large banks still tower over online lending platforms when it comes to small businesses that seek financing, the Fed has recorded a steady climb in the percentage of entrepreneurs who turn to an alternative lender first.
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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.
The Paypers
AUGUST 24, 2018
(The Paypers) China Banking and Insurance Regulatory Commission has announced removing limits on foreign holdings in domestic banks and asset management companies.
PYMNTS
AUGUST 24, 2018
To help stimulate credit flows to local governments and companies, The People’s Bank of China has injected 149 billion renminbi – or $22 billion – into the banking system. The government made the move on Friday (Aug. 24) by making loans to commercial banks, Financial Times reported. China made use of a medium-term lending facility to provide commercial banks with loans for a duration of one year at a 3.3 percent interest rate.
The Paypers
AUGUST 24, 2018
(The Paypers) Alibaba-backed Alipay has upgraded its system to aid users retrieve mistakenly transferred funds and protect them against fraud.
PYMNTS
AUGUST 24, 2018
Got $9 million? You can buy a nice house on expansive grounds, and maybe a fancy car, or three. Or … you could buy a bank. The recent news that Colorado National Bank had been bought for that sum begs a few questions. Who were the buyers? How? Why? And how come so … cheap? Well, for starters, as bankingtech.com reported this week, the bank was bought by Latvian FinTech entrepreneurs Marks Moskvins and Maksims Jarosevskis.
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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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