Chris Skinner
APRIL 2, 2019
I find it interesting when I read perspectives on FinTech, money and banking. Going digital, getting rid of branches, becoming cashless seem to be the main themes, and yet this ignores that every part of the world is different. It’s hard to go digital if the country has little infrastructure; … The post Time for a global FinTech platform? appeared first on Chris Skinner's blog.
Payments Dive
APRIL 2, 2019
Millions of Chinese consumers are using mobile payments as their favored method shopping and funds transfer and retailers should leverage that opportunity.
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Chris Skinner
APRIL 2, 2019
Things we’re reading today include … Labour plans national bank using Post Office network If You Launched a New Bank Today, What Would It Look Like? A Small Bank in Germany Is Now Nearly 30% Owned by Crypto Companies IT meltdown bank TSB: It’s as good a week as any … The post Things worth reading: 3rd April 2019 appeared first on Chris Skinner's blog.
Bank Innovation
APRIL 2, 2019
Ignite Ideas talks at the Bank Innovation Ignite 2019 conference in Seattle last month tackled issues of financial inclusion, designing products that enhance the customer experience, revamping payments, and rebuilding trust in banking. Deva Annamalai, Head of Payment Solutions Consulting at Fiserv, shared his thoughts on how new players use faster payments to differentiate their […].
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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 2, 2019
The gig economy is growing. The desire to get paid faster is also gaining traction — along with the companies satisfying that desire. To that end, Visa announced Tuesday (April 2) that it has introduced Card Payouts, an app designed help mid- to large-sized businesses manage cash flow — and speed payments to gig economy workers, to boot. (Call it killing the check — and you may remember our own research, where 85 percent of gig economy workers surveyed said they would work more if they could get
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
APRIL 2, 2019
PayPal has invested in a blockchain company for the first time — one that’s focused on using the technology to help give users greater control over their digital identities, according to reports. The company is called Cambridge Blockchain, and PayPal participated in a Series A funding round. The company has raised $3.5 million in equity from several different investors, which follows a previous $7 million, bringing the total to over $10 million raised so far.
Bank Innovation
APRIL 2, 2019
Bill.com, a business payments and software platform firm, today announced an $88 million funding round led by Franklin Templeton that makes it the latest fintech unicorn. The Palo Alto, Calif.-based firm also announced plans to offer Mastercard virtual cards as part of the Bill.com automated accounts payable solution for small and midsize businesses.
PYMNTS
APRIL 2, 2019
The legal cannabis market continues to reach new milestones, the latest being the launch of the industry’s first commodity trading desk — with the latest service provider highlighting the opportunity in addressing the more nuanced challenges of an unfamiliar, emerging market. Marijuana company Grupo Flor has rolled out its commodity trading desk to connect industry buyers and sellers, and facilitate the trade of raw materials, including the THC flower, THC trim, crude and distillate THC an
Bobsguide
APRIL 2, 2019
For digital transformation to be a success, collaboration is crucial. While technology enables new ways of working, collaboration is the key catalyst to moving the dial on digital transformation programme success. Digital-first, customer-centric financial institutions that have achieved harmony.
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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 2, 2019
It’s not enough to be a retailer these days, not if a merchant intends to survive in a world of commerce dominated by the likes of Amazon and other tech-focused competitors. Innovation is one of the keys to advancement — and that increasingly means opening tech hubs, incubators and other such operations. Those efforts have certainly led to significant advances in product and revenue, and the enablement of what’s come to be called the “consumer experience.
Insights on Business
APRIL 2, 2019
Embracing the future in the age of instant gratification. The payments industry is at an inflection point. Customers increasingly demand new payment options like real-time payments and P2P payments, underpinned by security and trust. The costs of running payments operations, complying with a myriad of regulations and enforcing payments standards are increasing.
PYMNTS
APRIL 2, 2019
Walmart announced Tuesday (April 2) Walmart Voice Order, a new voice ordering capability that enables people to use voice commands to shop for groceries. In a blog post, Tom Ward, senior vice president of digital operations at Walmart, said the retailer is building platforms with partners including Google to help customers shop via voice. Starting in April customers can say “Hey Google, talk to Walmart” and the Google Assistant will add items directly to their Walmart Grocery cart.
Bobsguide
APRIL 2, 2019
The decade since the financial crisis of 2008 has been a challenging time for the financial services sector. Not only has the industry had to face the increased compliance and governance requirements that emerged as a result of new and tighter regulation intended to prevent a similar crisis in.
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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 2, 2019
The United States, with quick moves by government officials and telecommunications carriers, has moved to the front of the global 5G race, according to reports. The wireless industry association CTIA released a report that said the U.S., in terms of readiness, deployments and spectrum allocation, is leading the transition to the new telecommunications standard.
Payments Source
APRIL 2, 2019
FIS’s $43 billion agreement to acquire Worldpay and Fiserv’s $22 billion deal to buy First Data are largely closing the gaps between financial technology and merchant acquiring. But these mergers are only the first of many steps.
PYMNTS
APRIL 2, 2019
With mobile ordering now accounting for 60 percent of all digital orders, it has fast become the way the majority of consumers buy and pay for food today. This increased demand for mobile ordering means quick-service restaurants (QSRs) must focus on offering a seamless mobile experience if they want to retain customers. However, it’s not just QSRs that are racing to improve their mobile ordering experiences.
Bobsguide
APRIL 2, 2019
Banks must act quickly to cannibalise their core banking systems or risk losing market share to newbuild challengers. “Incumbents cannot be innovating in the future,” said CEO of digital bank Pepper, Michal Kissos Herzog. “You actually need to take the decision to cut off the.
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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 2, 2019
Spend control isn’t easy — just ask Google and Facebook, which confirmed in 2017 they were among the corporate victims of a widespread phishing attack that tricked businesses into paying fake invoices. The scam wasn’t a one-off job, either. Fortune reports the fraudster, who pleaded guilty to the crime last month , was able to steal company funds from a range of businesses over the course of two years.
Payments Source
APRIL 2, 2019
Western Union has found a way to expand its U.S. footprint without building new storefronts through a strategic relationship it’s established with deep-discounter Dollar General.
PYMNTS
APRIL 2, 2019
A proposal under the U.K.’s Labour Party would turn some post offices into bank branches, with policymakers pointing to the need to broaden access to financial services for small businesses. The BBC reported on Sunday (March 31) that Shadow Chancellor John McDonnell introduced the proposal to turn thousands of current post offices into banking centers, creating a new Post Bank that would increase access to community banks.
Payments Source
APRIL 2, 2019
PayPal has joined a funding round for startup Cambridge Blockchain, reportedly the first investment the online payments giant has made in distributed ledger technology.
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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 2, 2019
Food brings people together — every grandmother worth the title reveres that wisdom. That’s only part of the story, though. A meal that’s handled badly, or doesn’t get off to the right start, increases the risk of disaster — or, at least, the risk of the ideal meal falling short of reality. What holds true in personal lives holds true in businesses, where a well-catered breakfast and lunch can directly lead to new sales, new revenue, new product ideas and a higher level of organizational moral.
Bobsguide
APRIL 2, 2019
Yesterday, NatWest began trials on the bank’s Mimo app, its new personal finance manager (PFM) designed to give customers greater insight into their finances. While this is certainly not the first of its kind to market, Mimo lead Calvin O’Brien believes it is bolder, more ambitious.
PYMNTS
APRIL 2, 2019
Good and accommodation merchants are not alone in pursuing innovations to keep competitive. Those from other industries — including health and beauty — are also making it a key priority, so how do their efforts compare? Accommodation merchants perform like those from health and beauty. They earned an index score of 34.1, higher than retail firms’ average of 33.5 and the 31.4 earned by food companies.
Payments Source
APRIL 2, 2019
Wells Fargo & Co. has committed to converting all of its payment cards to contactless technology, beginning with credit cards and adding contactless debit cards this summer.
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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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