Chris Skinner
OCTOBER 26, 2018
It is interesting how the FinTech world has developed over the past decade. My first memory of any company that would fit the FinTech world stems way back to March 30, 2005. On that memorable evening, one of the funders of a technology start-up talked about a vision where platforms … The post It’s banking Jim, but not as we know it appeared first on Chris Skinner's blog.
Payments Dive
OCTOBER 26, 2018
Thales eSecurity and Networld Media Group will host the 2018 FinServ Data Security Summit in Boston, Thursday, Nov. 15. Participating CISOs will get exclusive insights from the Thales Data Threat Report and from IS executives who have headed up major digital transformation initiatives for their financial institutions.
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PYMNTS
OCTOBER 26, 2018
Corporates across the Asia Pacific region are increasing their use of commercial card products, according to a new report from Citi. Reports in The Asset on Thursday (Oct. 25) said Citi’s Asia Pacific Commercial Cards Survey 2018 revealed businesses in the region are expanding their commercial card programs, as organizations shift away from legacy payment tools and use their cards for more spend categories, including procurement and meetings and events.
Payments Dive
OCTOBER 26, 2018
INFOMEDIA today is delighted to announce new partnership arrangements with several outstanding brands that wish to capitalize upon the benefits of using Direct Carrier Billing (DCB) as a means to charge the cost of digital content to their customer’s mobile phone bill with as little as one click.
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.
PYMNTS
OCTOBER 26, 2018
Ripple said that its revenues related to the sale of the digital asset known as XRP gained ground in the third quarter of this year, more than doubling over the second quarter (that is, sequentially). The company said in its third-quarter report on XRP markets that it sold $163.3 million in the latest period, up from the $75.5 million in the second quarter.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
OCTOBER 26, 2018
Cybersecurity investment probably won’t let up anytime soon. Indeed, this week did see some cybersecurity funding action, with several big-name backers participating in the $85 million investment for Team8 , a venture studio that explores how corporate collaboration can develop better cybersecurity tools and businesses. This week, however, venture capital rounds were all about the small- and medium-sized business (SMBs), and how to address their biggest financial management pain points.
Bank Innovation
OCTOBER 26, 2018
Bank of the West recently added 143 ATMs across the Denver and Sacramento metro areas through an agreement with ATM operator Cardtronics. One target? Millennials, actually. The San Francisco-based bank said it has tripled the number of cash access locations for its customers in Denver, to 151, and nearly quadrupled the number of those locations […].
PYMNTS
OCTOBER 26, 2018
Visa’s chief executive officer Al Kelly doesn’t think cryptocurrencies are a threat to its business and is ready to implement systems that support it if it becomes more mainstream. In an interview with CNBC Thursday (October 26), Kelly said there has to be a market where cryptocurrency becomes “somewhat like a fiat currency in order for us to be comfortable,” Kelly said in an interview with “Mad Money” host Jim Cramer, noting that crypto isn’t a threat to its business either in the short or medi
Bank Innovation
OCTOBER 26, 2018
There has been a 9% uptick in the number of mobile banking apps since last year, according to a new report from Malauzai, now a Finastra company. That year-over-year increase is the highest it has been in the past three years, the report stated. The report, released this week, shows that there is currently a total […].
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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
OCTOBER 26, 2018
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest on how Visa views cryptocurrencies, and Expedia’s fresh plan to take on Airbnb. Moody’s has news about the charge-off climate, chocolate is getting more expensive and the OCC’s bank charter plan faces more trouble. Visa Doesn’t View Cryptocurrency As a Business Threat.
Payments Source
OCTOBER 26, 2018
Clearly communicating with customers on a powerful engagement platform is enough to increase customer confidence, writes Donika Kraeva, strategic communications manager at Dentacoin.
PYMNTS
OCTOBER 26, 2018
The world has a plastic problems — a fact illustrated earlier this week when researchers from the Environment Agency Austria and the Medical University of Vienna jointly presented evidence that there is so much plastic in the environment that we’ve actually begun to inadvertently eat it. Scientists are now looking for more funding to get a better understanding as to how so much plastic has made it into human digestive tracts worldwide — but the big takeaway, Mastercard President of Cybe
Bobsguide
OCTOBER 26, 2018
Financial inclusion, or rather, exclusion, has long been a hot topic in personal finance circles. Ensuring individuals have fair and affordable access to financial products to suit their requirements is vital for improving equality and overall well-being. However, financial exclusion is increasingly.
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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
OCTOBER 26, 2018
Once upon a not very long time ago, the conventional wisdom was that advertising revenue on the web is mostly generated by a stable duopoly controlled by Google and Facebook. But as of the latest round of earnings releases, it is seeming increasingly like that configuration may become a triopoly someday in the future — Amazon is consistently stealing away larger and larger bits of advertising.
Payments Source
OCTOBER 26, 2018
The information you need to start your day, from PaymentsSource and around the Web: Today: WeChat Pay expands at airports; Mastercard pushes solar initiative in Uganda; Germany has a su ccessful blockchain pilot; British Airways breach gets larger.
PYMNTS
OCTOBER 26, 2018
Pinterest, as the web’s best-known social media network/visual search engine, is among favored spots for online shoppers. It is also an incredibly tempting and fertile ground for commerce. Pinterest reports 250 million actives users each month, half from the U.S. Millennials use Pinterest as often as they use Instagram, and though the average age of a Pinterest use is a little over 40, the average age of an active Pinner is in the 30s.
Payments Source
OCTOBER 26, 2018
A group of large banks is using its considerable size and influence to build standards for trade finance, including agreements on payments processes, documentation and risk—giving the consortium its own ecosystem to counter the myriad forces in technology and e-commerce that threaten to upend traditional practices.
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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
OCTOBER 26, 2018
More legal troubles have emerged for the Office of the Comptroller of the Currency (OCC) over its plan to introduce national bank charters for FinTechs, aimed at making it easier for alternative financial services players to do business. Reports in Reuters on Thursday (Oct. 25) said the OCC was named as the defendant in a lawsuit filed by the Conference of State Bank Supervisors (CSBS).
Bobsguide
OCTOBER 26, 2018
Following on from our recent article on overcoming cash forecasting challenges, this piece focuses on the area that is often the most challenging, accounts receivable forecasting. For large corporates, forecasting accounts receivables is particularly challenging as the forecast figure is.
PYMNTS
OCTOBER 26, 2018
With government and private sector-led initiatives pushing for faster, digital payments across the globe, corporates and financial institutions are still missing a key element of enhanced transactions: data. For corporates, it’s the remittance detail of a transaction that supports settlement, reconciliation and enhanced data analytics for CFOs and treasurers to gain better insight and visibility into corporate finances.
Payments Source
OCTOBER 26, 2018
Petrol, Slovenia’s leading gas station operator, has partnered with Wirecard and Mastercard, enabling users of Petrol’s MBills mobile wallet to add a prepaid Mastercard to their accounts.
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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.
PYMNTS
OCTOBER 26, 2018
Might there be challenging times afoot for TradeLens, the distributed ledger technology platform effort geared toward supply chains and backed by IBM and Maersk? CoinDesk reports that the duo is “wrestling” with a problem that can bedevil competitors working together – a notion that the site said is “especially tricky when one of those rivals, in this case Maersk, owns the “team.”.
Payments Source
OCTOBER 26, 2018
Shopify is no stranger to social media — it’s had a partnership with Facebook for three years — and it sees Venmo users' social sharing habits as the perfect means to expand its mobile commerce platform.
PYMNTS
OCTOBER 26, 2018
As Expedia seeks to take on companies such as Airbnb , the travel platform purchased Pillow and ApartmentJet. The startups let owners of apartment buildings control short-term rentals, The Wall Street Journal reported. Pillow, in particular, allows managers and owners of apartments buildings to work with their tenants in renting their apartments on a short-term basis.
Payments Source
OCTOBER 26, 2018
To combat this loyalty fatigue, retailers need to design their programs to be frequent, relevant, interactive and visible, writes Mehmet Sezgin, CEO and founder of MyGini.
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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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