Payments Dive
DECEMBER 6, 2018
Biometrics wlll have a significant impact in driving mobile payment use as facial recognition and fingerprint scanning technologies are incorporated into applications.
Chris Skinner
DECEMBER 6, 2018
We talk a lot about cybersecurity, fraud and risk, but are we too complacent about it? We have all these stats and figures: According to Verizon’s 2018 Breach Investigations report, 92 percent of malware is still delivered by email. Out of the 1,300 IT security decision makers surveyed for cyberark Global Advanced Threat Landscape … The post Is the internet of things our biggest future threat?
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Bank Innovation
DECEMBER 6, 2018
Lloyds Bank plc plans to deploy a new core from cloud banking provider Thought Machine in 2019 as part of a project to lower its risk and increase its innovation potential. The bank has announced it will enter the development and deployment phase of its massive core-revamping plan early in the year ahead. For this […].
PYMNTS
DECEMBER 6, 2018
Hulu users have a brand-new way to pay, the company announced on Thursday (Dec. 6). Hulu and Venmo have teamed up to provide Venmo’s payment services to the streaming platform. “At Hulu, we want to bring our viewers choice and flexibility in as many ways as possible,” the company said. “From infusing our product with your favorite features like Night Mode on Web to supporting all the devices that matter most to you, we constantly strive to make it easy for you to stream, any way you want.
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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
Bank Innovation
DECEMBER 6, 2018
The face of banking and financial education has changed how we market in the course of a few short years. Digital media usage has nearly tripled since 2010, with the prevalence of smartphones responsible for more than 90% of this growth. Smartphones have become the device of choice for well over half of digital media […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
DECEMBER 6, 2018
Wells Fargo & Company plans to reconfigure its mobile and payments experience in 2019. Originally announced in May 2018, "Pay with Wells Fargo" will bring together the bank's various payments points in its mobile app and gather them in one spot. It was teased again this week at the Goldman Sachs U.S. Financial Services conference in […].
PYMNTS
DECEMBER 6, 2018
Forty countries: That’s how many places either have real-time payments programs in progress or live. That’s progress. Yet, there is more work to be done. In the latest edition of the PYMNTS DataDrivers podcast, Karen Webster talks with George Evers, senior vice president of real-time product at Vocalink , about the how far real-time payments have already come, and where they are headed.
Bobsguide
DECEMBER 6, 2018
“Most people who are working on the Open Banking initiative would agree that the collective uptake rate has been less than expected,” said Matt Perks, head of transformation at Nationwide, during a presentation at Fintech Connect outlining the building society’s approach to Open.
PYMNTS
DECEMBER 6, 2018
Target and Walmart , among other companies, are asking the Fed to create a way for interbank transfers to be settled in real time, 24/7, in an effort to get paid in real time. The system may eventually shorten the lag time between when a shopper pays with a debit card to when the funds arrive at the retailer, The Wall Street Journal reported. The Fed had discussed actions that could aid in the creation of a faster payment system, such as the development of a real-time settlement service.
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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
Bobsguide
DECEMBER 6, 2018
Open Banking is a term “far too overused and far too laboured” which has left consumers not knowing what they want or need, according to Matt Perks, head of transformation and Open Banking at Nationwide. Perks was speaking on a panel at Fintech Connect in London this week, and added.
PYMNTS
DECEMBER 6, 2018
Boku , a company that lets users charge smartphone purchases to their bills from companies like Apple, Microsoft and Spotify, among others, has purchased Danal, an outfit that specializes in phone identity and authentication, according to a report from a tech publication. The merger will allow for better and more secure transactions, as well as expansion into potential new arenas, such as finance and government.
Bobsguide
DECEMBER 6, 2018
The banking industry has been “digital for decades” and the race for innovation isn’t just about getting “the best possible app”, said Ruchir Rodrigues, managing director for digital and open banking at Barclays, at Fintech Connect in London this week. Speaking in a.
PYMNTS
DECEMBER 6, 2018
The hackers behind that data breach at Marriott International may have been working for the government of China as part of an intelligence-gathering effort, reported Reuters. Citing three sources familiar with the matter, Reuters reported that private investors looking into the breach, which started four years ago and exposed the data of as many as 500 million Starwood hotel customers in the reservation system, found hacking tools, techniques and procedures that were used in past attacks attribu
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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.
Bobsguide
DECEMBER 6, 2018
Since its inception, it has been a core tenet of a decentralised blockchain to bring citizens from developing countries into the global financial system and the greatest advocates continue to push the same message, arguing that an immutable ledger of proof would stamp out fraud, and serve as an.
PYMNTS
DECEMBER 6, 2018
Next week, on Dec. 11, a new vote looms on Brexit, where the United Kingdom Parliament will accept or reject Prime Minister Theresa May’s proposed deal on Britain’s divorce from the European Union (EU). The draft of what’s to come spans roughly 600 pages, offering a glimpse of approval or disapproval on everything from citizens’ rights to the state of the Irish border, and to trade, of course.
Bobsguide
DECEMBER 6, 2018
Interoperability of cross industry distributed ledger technologies (DLTs) may be the next logical step forward, but it is far from being realised, according to Jags Rao, director of DLT at Swiss Re. “We are not there yet, we are not even near. But, that is an opportunity where the tech.
PYMNTS
DECEMBER 6, 2018
Everything can seem right. But that’s only because the criminals are good. A person calls to inform a consumer that his or her account had been frozen because of what was supposedly a “fraudulent transfer” or some other problem. The caller sounds professional, and might even send a text with details meant to provide confirmation and assurance. The request?
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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.
Insights on Business
DECEMBER 6, 2018
By Paul Govoni – WW Sales Leader, IBM Safer Payments, Watson Financial Services. With new payment rails often come unpredictable threats, and likewise the need to help customers adopt these products easily. A balance is required between adequate reliability and security without impacting the customer experience. In the emerging world of person-to-person (P2P) payments, establishing a frictionless (and “ fraud-less” ) experience is even more critical, since a bad experience early in the tra
PYMNTS
DECEMBER 6, 2018
Lawmakers in New Jersey have passed a bill to ban stores from going cashless. According to Chain Store Age , the legislation requiring all brick-and-mortar retailers to accept cash was unanimously approved by the N.J. Senate Commerce Committee. The bill, which is set to go before the full state Senate, excludes retailers inside airports from the cash requirement, as well as sales made online and by telephone or mail.
Payments Source
DECEMBER 6, 2018
The advent of this is particularly unwelcome, coming, as it does, at a time when many people not only question the role of a bank after the recent financial crisis and gradual digitization of banking services, but also when their relationship with technology has changed, writes Martijn Moerbeek, director of group digital strategy and innovation at Legal & General.
PYMNTS
DECEMBER 6, 2018
The United States Air Force is implementing a new program designed to promote procurement of goods and services from the small business community. Air Force Magazine reported this week that the Air Force is introducing its BlueSHIFT initiative, which allows small business vendors to submit shortened pitches for their goods or services along with a 15-minute pitch.
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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.
Payments Source
DECEMBER 6, 2018
The regulations for legal cannabis are slowly loosening, but whether they have loosened enough to support a “normal” online shopping experience in the U.S. is being put to the test by a new mashup of digital ordering and payment tools.
PYMNTS
DECEMBER 6, 2018
Blockchain company R3 is putting its Know Your Customer (KYC) solution to the test with dozens of French companies and corporate treasurers, according to BTC Manager reports Wednesday (Dec. 5). The French Association of Corporate Treasurers (AFTE) is supporting the pilot of R3’s KYC proof-of-concept solution by a group of French companies, including RCI Bank, Allianz France and BNP Paribas.
Bobsguide
DECEMBER 6, 2018
Speaking at FinTech Connect this week, Nick Bennett, chief operating officer of Tandem, said the bank is well poised to win the challenger race, with others focused on restrictive business models. “This is more of a marathon than a sprint. Monzo have done a 100m dash, but over a longer race.
PYMNTS
DECEMBER 6, 2018
Target is selling Christmas trees at twice the normal rate thanks to its augmented reality shopping tool. Its new shopping app feature, “See It in Your Space,” allows customers to virtually place an artificial tree or other decor items in their living room, Senior Vice President of Digital Dawn Block said in an interview, according to Bloomberg. The offering comes as Target is trying to take on Amazon during the holiday season.
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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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