Chris Skinner
FEBRUARY 27, 2019
Marko Wenthin is contributing this week. He began with funding and then moved on to the issues you face once you secure that funding. In this final part, he focuses upon why it may be better to focus upon B2B2C, rather than just B2C. The beauty (and the beast) of … The post How to be a Unicorn (Part Three) appeared first on Chris Skinner's blog.
PYMNTS
FEBRUARY 27, 2019
Among the main virtues of this golden era of eCommerce and digital payments is speed. Seemingly instant access to extremely specific product pages. Quick browsing. Fast checkout and transactions — the fewer buttons the better. Have-it-yesterday delivery. Sometimes, though, that ideal of speed can and even should take a back seat to content — the type of content designed to pull in sophisticated or specialized consumers, the type of content that can seem out of place during this time of reduced a
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Bank Innovation
FEBRUARY 27, 2019
Two fintechs announced new products and services this week geared toward e-commerce sellers, pointing to gaps in offerings from banks and legacy card companies to provide seamless, affordable solutions for online-based businesses looking to scale up quickly or stock up for busier seasons. Marketplace payments firm Payoneer’s Capital Advance service, now launched in the U.S., provides […].
PYMNTS
FEBRUARY 27, 2019
The South African economy has struggled in the last decade. Gross domestic product (GDP) growth has failed to surpass 4 percent, with unemployment hovering above 27 percent. These market conditions may not seem ripe for FinTech innovation, but where there are challenges, there are opportunities. The nation’s unique history and current economic challenges may actually present a prime moment for innovators in the small business (SMB) financial services (FinServ) space, particularly as the Fo
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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
FEBRUARY 27, 2019
Beating expectations, Worldpay reported total organic net revenue growth of 10% in the fourth quarter of 2018, aided largely by the payment processing firm’s technology solutions segment, which grew 21%. The segment provides merchant acquiring, payment processing and related services to merchants that primarily accept payments through e-commerce and integrated payment solutions.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
FEBRUARY 27, 2019
With the rise of large and nimble fintechs like PayPal and Stripe, banks have started evaluating their legacy core systems and, as a result, many have taken to core-overhauling in some form or another. "This is a massive project," Ed Page, managing director at Protiviti, a technology consulting firm for FIs, told Bank Innovation. "But […].
Payments Dive
FEBRUARY 27, 2019
This case study looks at how Aftonbladet (part of Schibsted Media Group) uses telco solutions for subscriber and revenue growth.
PYMNTS
FEBRUARY 27, 2019
The European Union’s (EU’s) battle against U.S. card company interchange fees reached new levels earlier this year when the European Commission (EC) issued a $648.3 million fine against Mastercard for its swipe fees, which regulators said drove up prices for retailers and consumers, and hampered competition. It marked the latest chapter in a long-standing saga, as the European Commission and U.K.
Bank Innovation
FEBRUARY 27, 2019
Adyen NV reported a 54% rise in second-half net revenue, beating analysts’ estimates as the fintech darling continues to deliver on rapid growth. The Dutch company, which processes payments for Netflix Inc., Gap Inc. and Spotify Technology SA, posted €192.5 million ($219 million) in net revenue for the six months ended December. Adyen also said […].
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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
FEBRUARY 27, 2019
Zillow is focusing more on the mortgage market, making loans to buyers who use the company’s app. According to a report in GeekWire citing an interview with Zillow co-founder and chief executive Rich Barton, Zillow plans to create an Amazon-like experience for mortgages; mortgage origination will be tied into the app similar to how payments are integrated into Uber.
Bobsguide
FEBRUARY 27, 2019
We all know that banking is changing course. But where is it going? Attitudes towards banks have been changing steadily in recent years, and with new alternatives readily available and often able to provide a better service, consumers and businesses alike are looking elsewhere. A global survey of.
PYMNTS
FEBRUARY 27, 2019
A group of oil and gas companies have announced a partnership that will create the first blockchain industry consortium in the U.S. “Creating the OOC Oil and Gas Blockchain Consortium is a significant step toward establishing key blockchain standards, frameworks and capabilities for the oil and gas industry,” said Rebecca Hofmann, chairman of the board of directors, in a press release.
Insights on Business
FEBRUARY 27, 2019
Think of the changes in the past ten years in terms of how we deal with our banking needs. We moved from telephone banking to online or internet banking. The iPhone became more popular and apps got better and more secure. It is hard to remember how we managed with the rudimentary tools of ten years ago; so turn on your imagination and wonder what banking will be like ten years from now.
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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
FEBRUARY 27, 2019
A wide range of biometric solutions are being used to develop national identification systems around the world. The systems work by storing individuals’ personally identifiable information (PII), such as fingerprints, facial patterns, iris scans or other unique features. . A reported 3.6 billion people worldwide will carry digital IDs with embedded biometrics by 2021.
Payments Source
FEBRUARY 27, 2019
P2P transfer apps aren't just for splitting the rent — they can also be portals to a wider array of financial services, as Canada’s national Interac debit network plans to prove.
PYMNTS
FEBRUARY 27, 2019
European Union lawmakers released a report on Wednesday (Feb. 27) recommending that the EU create a police unit dedicated to the investigation of tax and financial crimes, as well as a watchdog organization to fight money-laundering, according to a report by Reuters. The report, which is the result of a year’s investigation by a European Union Parliament committee, also said that seven countries in the union were tax havens.
Bobsguide
FEBRUARY 27, 2019
Fintechs and challengers will struggle to break into the corporate banking space as banks innovate their cash management systems and work more closely with their clients. That’s according to a panel at the Global Business Banking Forum in London, made up of Soren Rode Andreasen, chief digital.
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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
FEBRUARY 27, 2019
For consumers, merchants and financial institutions, drama usually means hassle, frustration and lost sales. When it comes to the fast-growing world of subscription eCommerce , however, payments are reducing the drama quotient. The same can be said for the increasing use of mobile order-ahead technology for food and beverage purchases — including inside theaters.
Bobsguide
FEBRUARY 27, 2019
The emergence of Amazon as a finance provider, and other large technology firms like it, into the SME lending market signals a disruption of old business models, according to Oliver Prill, CEO of Tide, speaking on a panel at the Global Business Banking Summit in London this week. “90% of.
PYMNTS
FEBRUARY 27, 2019
FinTech Affirm said Wednesday morning (Feb. 27) that it has linked with retailing giant Walmart to offer Affirm as an alternative to cash and traditional credit at nearly 4,000 of Walmart’s Supercenters nationwide. The companies said in a statement that as part of the partnership that customers would also have the option to pay for their purchases over time — at brick-and-mortar locations and Walmart.com.
Bobsguide
FEBRUARY 27, 2019
The Monetary Authority of Singapore (MAS)'s new payments regulation “would have challenged even the leanest and most agile” financial firms, but “nudge-based” law-making is crucial to innovation, according to Lu Zurawski, consumer payments practice lead at ACI.
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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
FEBRUARY 27, 2019
JPMorgan Chase , aiming to get a bigger piece of the point of sale financing market, announced Wednesday (Feb. 27) that it is launching “My Chase Plan,” a tool that allows card customers to finance purchases of more than $500. According to a report in Bloomberg , Jennifer Piepszak, chief executive officer of JPMorgan’s card business, said that with the tool, customers can pay off purchases already made over a longer period of time and will be subject to monthly fees rather than charg
Tom Groenfeldt
FEBRUARY 27, 2019
Implementing conversational AI requires a comprehensive approach blending skills from customer service and tech and reading thousands of call logs to see what customers ask, how they ask it, and what responses make sense to them.
PYMNTS
FEBRUARY 27, 2019
Faster payment schemes are advancing worldwide, with the global real-time payments market expected to increase at a compound annual growth rate (CAGR) of 32 percent between 2019 and 2025. Slovenia is due to see an instant payments platform launch from Bankart this month, while Malaysia has a new solution of its own, enabling instant credit transfers to bank accounts using details such as mobile phone numbers or national IDs.
Payments Source
FEBRUARY 27, 2019
The deal marks the first time that the retail giant will enable its customers to use fixed-rate loans, rather than credit cards, for big-ticket purchases in its stores and online.
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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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