Bank Innovation
AUGUST 3, 2018
Many large banks describe themselves as equal parts technology firms as they are financial services companies, but then shouldn’t they have relevant patents backing that notion? Well, they don’t. In fact, a new report showed that technology company IBM has five times more fintech patents than the world’s 15 largest banks combined. The report, released […].
Payments Dive
AUGUST 3, 2018
Host, Will Hernandez, discusses mobile fraud, how to combat it, and the recent trends to look out for, with Kount's VP of Marketing, Don Bush. Will also chats with Bradley Cooper, editor of Digital Signage Today and Blockchain Tech News, about the future of blockchain.
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Bank Innovation
AUGUST 3, 2018
Square and Stripe, famous for their dongles and APIs respectively, have launched a series of products over the past two weeks that should make everyone in payments innovation sit up and take notice. These new products widen the field considerably for both companies. Yesterday Square announced an SDK for its card reader. And it looks […].
Payments Dive
AUGUST 3, 2018
Digital banking is the new normal. Digitally-empowered consumers, shaped by their experiences with new age companies want it all. They are looking for relevant, convenient, and frictionless experiences - combining the latest in digital banking with human interaction.
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
AUGUST 3, 2018
Barclays is the next traditional financial institution to strike a partnership with an alternative lender, announcing Thursday (Aug. 2) that it has invested in small business lending platform MarketInvoice. An announcement on the MarketInvoice blog said Barclays’ investment makes the bank the first High Street FI to partner with the FinTech. In addition to acquiring a minority stake in the alternative lender, MarketInvoice will integrate its invoice financing solution into Barclays’ offering.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
AUGUST 3, 2018
Getting bogged down in a maze or taking unnecessary risks — the current climate for FinTech in the United States often leaves players with only those two stark choices, according to Bruce Parker, founder and CEO of Modo , which describes itself as a “cloud-based utility” that enables payment system interoperability. In the wake of this week’s release of a U.S.
Payments Dive
AUGUST 3, 2018
India’s Unified Payment Interface (UPI), an interoperable payment infrastructure for real-time clearing and settlement of funds, is designed to meet the emerging payment needs of customers in a 24/7 digital economy.
PYMNTS
AUGUST 3, 2018
Blockchain company Stratis announced this week it has developed a wallet that supports cryptocurrency payments for corporates. In a recent press release , Stratis said it launched the Stratis Breeze Wallet, with its integrated Breeze Privacy Protocol to enhance the privacy of transactions made with bitcoin. The solution was designed for corporates that are looking to conduct business on the blockchain without transactions being made public, the company explained.
Payments Dive
AUGUST 3, 2018
In emerging markets, the high costs of last mile services delivery functions as a barrier to building a widespread financial services network in peri-urban and rural areas.
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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
AUGUST 3, 2018
“Fake it ‘til you make it” is a familiar idiom with roots in the great teachings of Aristotle, who once said that a person who acted virtuous would, in fact, become a virtuous person. Fake merchants — a problem that now underpins a $352 billion annual money-laundering loophole in the U.S. alone — don’t exactly follow those same principles. These merchants act like real merchants, with no intention of ever becoming one.
Payments Dive
AUGUST 3, 2018
The development of a wide payment acceptance network is a key imperative for any country seeking to further expand digital payments.
PYMNTS
AUGUST 3, 2018
To help grow innovative companies in the grocery industry, Albertsons Companies has linked up with Greycroft to create an investment fund. The fund, which could be up to $50 million, is part of Albertsons’ strategy to work with emerging grocery technologies, Chain Store Age reported. “Albertsons Companies is committed to meeting customers wherever and however they like to shop, and part of that is being at the forefront of the tremendous innovation our industry has seen over the last five year
Bobsguide
AUGUST 3, 2018
The unprecedented success of service-oriented companies such as Airbnb, Amazon and Uber has made it clear that for many of today’s customers, experience is a vital part of the product. While that does not mean that an inferior product can be hidden by wrapping it in a superior experience, it.
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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
AUGUST 3, 2018
Discover Financial named current President and COO Roger Hochschild to succeed David Nelms as chief executive, starting in October. Nelms, who has been the CEO of Discover since 2004, plans to retire in 2019 and will continue as executive chairman until that point, according to the report. Hochschild, 53, who has been president of the card company since 2004, will retain the title of president, and has been named to the company’s board of directors.
Bobsguide
AUGUST 3, 2018
“The benefit of Banking-as-a-Service (BaaS) is that it lowers costs and lets the organization focus on what matters most: the customers,” says Sophie Guibaud in this fireside interview. Guibaud who heads Fidor Solutions in Europe gives bobsguide the ins and outs of BaaS as well as.
PYMNTS
AUGUST 3, 2018
From Jamaica to Canada, mPOS solution providers are seeing growth in adoption among cash-centric businesses. That kind of growth is slated to continue, with researchers predicting that by 2023, the volume of mPOS transactions will increase threefold over an estimated 28 billion in 2018. In the latest Mobile Point-of-Sale Tracker , PYMNTS reports on how mPOS solutions are entering new markets around the globe, and how players in the space are working to make sure they also become more secure as t
Payments Source
AUGUST 3, 2018
While mass transit has long been seen as a potential catalyst for changing payment habits, it's apps such as Uber, Grab and Lyft that are making the biggest difference in how people pay for transportation.
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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
AUGUST 3, 2018
In potentially big bitcoin news, Starbucks is involved in a project that could help cryptocurrency holders spend their digital coins: The coffee chain said it is among the companies that will work with Intercontinental Exchange ’s planned digital asset company, dubbed Bakkt. The company will have “merchant and consumer applications” and plans to have bitcoin to fiat currency conversion as one of its first use cases, according to a press release posted on the Starbucks website.
Payments Source
AUGUST 3, 2018
Artificial intelligence has myriad benefits for consumers, yet many are still concerned about issues such as privacy, requiring issuers to provide more information about the technology, according to Cyndie Martini, president and CEO of Member Access Pacific.
PYMNTS
AUGUST 3, 2018
Sen. Cory Booker has proposed legislation that would prohibit financial institutions from charging overdraft fees on debit card transactions and ATM withdrawals. The bill would also restrict the frequency of these charges on check payments. “It’s been well-documented for many years that banks have used a variety of methods to push people into incurring overdraft fees to boost their income,” said Lauren Saunders, an associate director at the National Consumer Law Center , who helped work on the l
Payments Source
AUGUST 3, 2018
Perhaps seeking to dispel rumors that Starbucks can’t innovate in payments without Howard Schultz, the company is joining a platform that could one day enable customers to trade bitcoins for caramel lattes and mocha frappuccinos.
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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
AUGUST 3, 2018
Didi Chuxing and Alibaba’s Ant Financial are negotiating a deal for a joint buyout of bike-sharing startup Ofo for $2 billion, according to a new report that cited a source with direct knowledge of the talks. The ridesharing firm and the Chinese eCommerce powerhouse are poised to mark the most recent deal in a wave of consolidations in the Chinese bike-sharing market, as thousands of bikes have littered major cities in recent years amid a large number of startups.
Payments Source
AUGUST 3, 2018
A legal battle is being waged between a U.S. bank and its insurer over the insurer’s refusal to pay out on a cyber policy, in the wake of hacks on the bank which led to a loss of over $2.4 million. The case flags the problems of insurance in the fast-moving world of digital security.
PYMNTS
AUGUST 3, 2018
Millennials, on average, are less brand-loyal than their parents or older siblings. They tend to like quality, have a strong preference for shopping online and enjoy a good bargain – but when it comes to buying from a specific brand? Not so much. It was an insight that pushed Brandless CEO and Co-founder Tina Sharkey to rethink an online commerce offering in a very fundamental way, by eliminating what she calls the “ brand tax.” That tax, she noted, encompasses marketing, retailer ma
Payments Source
AUGUST 3, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: A big week for the OEM wallets; Barclays adds service for small businesses; Russian card hacker goes to jail; Nexo adds credit for cryptopayments.
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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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