Chris Skinner
MAY 24, 2018
Quite a few people talk about invisible banking today. The idea is that banking transactions and services should be invisible as if they are noticeable, as in visible, then that means you have pain and friction which should have been removed. A good example of invisible banking is the iTunes … The post Do customers really want ‘invisible banking’?
Payments Dive
MAY 24, 2018
One clear conclusion we can make, based on recent trends in the financial services industry, is that the increasing prevalence of new transaction methods does not necessarily mean that more traditional payment mechanisms are being left behind.
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Bank Innovation
MAY 24, 2018
Artificial intelligence, machine learning, and compliance were some of the topics that dominated day 1 of fintech conference Data Disrupt, taking place in New York. The panel “Consumer Finance: Fighting Fraud with Fire” brought together three fintech companies, who discussed different methods of combating fraud. AI and ML play undeniably large roles in fighting financial […].
Chris Skinner
MAY 24, 2018
Things we’re reading today include … Amazon can go big in finance but is unlikely to open a bank, Goldman says Bank ready to act if UK faces disorderly Brexit, Mark Carney says The World’s Most Profitable Banks Can Be Found in India Trump signs the biggest rollback of bank … The post Things worth reading: 25th May 2018 appeared first on Chris Skinner's blog.
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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.
Bank Innovation
MAY 24, 2018
Many banks have started using artificial intelligence to enhance customer service, whether through chatbots, customer acquisition or money management capabilities. However, when it comes to using AI in the backend of banking, those capabilities remains relatively unexplored, except for the most common use cases such as security, AML, KYC or fraud. One area where AI […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
MAY 24, 2018
The payments technology space just keeps getting hotter. Last week, U.S. payments business PayPal bought iZettle, while today Dutch payments platform Adyen confirmed its plans to go public. These significant moves confirm that the large players in the space are getting larger. Today, Adyen confirmed plans for an initial public offering (IPO) as early as […].
PYMNTS
MAY 24, 2018
In 10 years, no one will talk about “contextual commerce” — it’ll just be commerce. That’s what Rich Aberman, co-founder of WePay , predicts. Native commerce is where Aberman believes all platforms are headed — and that’s not just true for software developers like Apple, Google and Microsoft, but also for social media platforms like Facebook, Pinterest and Instagram.
Bobsguide
MAY 24, 2018
Bank internal functions related to risk (CRO) and finance (CFO) nowadays have become key actors for a huge amount of regulatory and management/market requirements. Recent regulatory requirements, for instance, ask banks to develop comprehensive stress exercises which necessarily involve skills.
PYMNTS
MAY 24, 2018
The ideal goes something like this: Consumers at any location — a friend’s house, a car — could speak into a voice assistant or smart speaker and be instantly recognized by the device no matter who owns it. That consumer could make secure transactions or add items to a daily calendar or perform any of the other tasks possible in a world where voice recognition has become ubiquitous.
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Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.
Payments Source
MAY 24, 2018
The rules that govern data are changing rapidly, creating confusion for the companies that use blockchain to support payments, as well as potential investment opportunities for third parties that can ensure compliance.
PYMNTS
MAY 24, 2018
PayPal said Thursday (May 24) that it has expanded its partnership with Google Pay, with a focus on the United States, where users can pay for Google services directly using PayPal. In a blog post, PayPal Executive Vice President and Chief Operating Officer Bill Ready said that “soon, users in the U.S. who add PayPal to any one of Google’s services will be able to pay across the Google ecosystem, anywhere that PayPal is offered as a payment method, with only minimal setup.”.
Bobsguide
MAY 24, 2018
I recently met with the senior team of a large bank that is evaluating a conversion to a modern core banking system. They articulated an interesting perspective of how they viewed their “core processing” This in turn resulted in us discussing what “core processing” really.
PYMNTS
MAY 24, 2018
Jean-Marc Decressonniere, a Switzerland banker, is one of few in the industry who plans to support a vote in June that would change the way traditional lenders operate in the country. According to news from Reuters , Decressonniere is supporting the Sovereign Money initiative, which is calling for commercial banks to stop creating money each time they issue a loan.
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.
Payments Source
MAY 24, 2018
American Express is putting its involvement in the Hyperledger Project to the test, deploying blockchain technology with Boxed to enable the digital warehouse merchant to customize a rewards plan for Amex cardholders.
PYMNTS
MAY 24, 2018
Consumers who want to buy insoles for their shoes typically have one of two choices: They can either by an off-the-shelf insole at a local brick-and-mortar store, or they can visit a doctor for custom-fitted orthotics. These traditional options may not be attractive to all consumers. To have their foot scanned in a retail environment, for example, consumers might not be comfortable standing on a machine that has been used by many other customers.
Payments Source
MAY 24, 2018
When Visa opened its tools to third-party developers two years ago, it was a strong pivot away from a longstanding of operating a closed, proprietary network. Its latest investments indicate this strategy is of growing importance on a global scale.
PYMNTS
MAY 24, 2018
With anchor stores like Sears and JCPenney closing more doors than they’re opening, what’s a shopping mall to do? For a growing number of mall owners, the answer is to diversify, filling those gaping department store holes with something completely different: apartments and hotels. It was a key theme at the International Council of Shopping Centers’ annual RECon convention in Las Vegas this past week, reported CNBC.
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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
MAY 24, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Hyundai collaborates on car pay tech; Fintechs take another crack at cryptocurrency payments; A fifth of Americans think cash payments will fade fast; Paytm puts a financial inclusion army in the field.
PYMNTS
MAY 24, 2018
Facebook, the social media giant, announced on Wednesday (May 23) that it has improved two-factor authentication, the industry-best practice for providing additional account security. In a blog post, Scott Dickens, a product manager at Facebook, said the site is making it easier to enable two-factor authentication with a streamlined setup flow that walks users through the process.
Payments Source
MAY 24, 2018
Major cryptocurrency proponents seemed unfazed by news the Department of Justice has started a criminal probe into potential trading manipulation.
PYMNTS
MAY 24, 2018
Tomorrow marks a sea change in payments and commerce, and in data in general. As the world – and likely (hopefully?) you – knows by now, the General Data Protection Regulation (GDPR) goes into effect on May 25. The regulation, which traces its gestation to Europe, ushers in what might be seen as a new mindset – here, or to come – as companies deal with consumers’ data.
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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
MAY 24, 2018
Due diligence in the sometimes shadowy universe of digital money often means trying to unscrew the inscrutable.
PYMNTS
MAY 24, 2018
The transition of the banking world to digital has been good for customers, who, on average, check in with their mobile banking providers at least once a week. Capturing consumer interest is a good thing, but it often comes at a cost. Fraudsters flock to places where consumers gather — particularly when money is on the table. As a result, three-fourths of banks have fallen victim to fraud in the last year.
ATM Marketplace
MAY 24, 2018
PayPal's planned purchase of iZettle the "European version of Square," will extend the online payment giant's reach in the retail payments space, particularly into the stores of small and medium-size merchants that traditionally have been the most cash-reliant.
PYMNTS
MAY 24, 2018
Sotheby’s International Realty Affiliates LLC has announced the launch of Curate by Sotheby’s International Realty, the first real estate-branded augmented reality (AR) app. Potential buyers can visualize a home as their own by taking virtually staged images from a flat, 2-D screen into the house itself through the power of AR. “The launch of Curate by Sotheby’s International Realty has generated excitement throughout our global network, and we are proud to see our sales associates adopting this
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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.
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