Payments Dive
APRIL 11, 2019
The move by Amazon to reverse policies for its cashierless Amazon Go stores is being seen as a response to growing economic and political pushback against the impact of Silicon Valley on major segments of U.S. and global societies.
Chris Skinner
APRIL 11, 2019
I was once again reminded of the stupidity of passwords when locked out of yet another service that I use maybe once a year. When I decided to reset the password, once again my iPhone offered to set up a strong password that it would remember for me. Once again, … The post Today’s cool is tomorrow’s retro appeared first on Chris Skinner's blog.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Bank Innovation
APRIL 11, 2019
Get ready for more banks. Digital ones, that is. New data shows that consumers -- and financial institutions -- are more inclined toward greenfield digital banks. In a recent survey by Fiserv, 86% of respondents said they would consider leaving their bank, if they could not easily manage their accounts online. Additionally, 82% of respondents […].
Chris Skinner
APRIL 11, 2019
Things we’re reading today include … ‘Do you think more folks should have gone to jail for their role in the financial crisis’ A new breed of ATM hackers gets in through a bank’s network Millennials being squeezed out of middle class, says OECD Rana Yared on investing in fintech … The post Things worth reading: 11th April 2019 appeared first on Chris Skinner's blog.
Advertisement
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 11, 2019
Coinbase , the cryptocurrency exchange operator, announced Wednesday (April 10) the launch of the Coinbase Card in the U.K., which is a Visa debit card that lets customers in the U.K. spend crypto as easily as they spend money sitting in a bank account. In a blog post , Zeeshan Feroz, chief executive of Coinbase U.K., said the Coinbase Card is funded by customers’ Coinbase account crypto balances, giving them the ability to pay in-store and online with bitcoin , ethereum, litecoin and other digi
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
APRIL 11, 2019
Headlines swirling around cyber fraud usually center on the size and scope of heists, where the bad actors make off with breathtaking sums — in the hundreds of millions of dollars. Indeed, one of the more brazen thefts occurred three years ago when hackers took roughly $101 million from the Bangladesh central bank account housed within the U.S. Federal Reserve.
Bank Innovation
APRIL 11, 2019
Banks increasingly tout the potential for machine learning and artificial intelligence to transform the industry, but how many are deploying the technologies in a material way? A survey out this week found 46% of financial institutions queried have deployed ML in multiple areas and find it "core" to business, 44% have deployed ML "in pockets," […].
PYMNTS
APRIL 11, 2019
AlipayHK, a mobile payment system in Hong Kong, has partnered with McDonald’s to offer payment on the McDonald’s app on smartphones, the company said in a release. AlipayHK users can also use a QR code-based system for special rewards. “With the advent of mobile payment services and big data analytics, restaurants are going full steam on digitalization,” the company said in the release.
Payments Source
APRIL 11, 2019
As Gen Z and the generations that succeed them begin to use financial services, digital capabilities become a must-have rather than a nice-to-have. By planning now, irrelevance in the near future can be avoided, writes John Mitchell, CEO of Episode Six.
Advertisement
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 11, 2019
The jury is in. Almost every modern financial institution (FI) has at least one artificial intelligence (AI) or machine learning system in place, and 61 percent intend to invest in more. The only question is: What learning systems will they choose to adopt? Among the many AI and machine learning systems available on the market, there is one particularly versatile type of AI, having been engineered specifically to enhance financial and payment operations: smart agents.
Bobsguide
APRIL 11, 2019
New research released this week has revealed that banking applications developed in-house are more vulnerable than those produced by third-party vendors. Some 81% of banks across the world are embarking on technology transformation programmes in order to keep costs low and bring out application.
PYMNTS
APRIL 11, 2019
Recent news from Walmart in Mexico put the spotlight on the retail giant’s rivalry with Amazon earlier this month, when Reuters reported that Walmart is demanding discounts from its food suppliers that also supply products to Amazon. The story emphasized the intense competition mega-retail endures today, and the impact lower prices from eRetailers have on the in-store market.
Payments Source
APRIL 11, 2019
Social media commerce platform provider Jumper.ai is helping Amazon merchants complete online transactions without the buyer being redirected to the Amazon online marketplace.
Advertisement
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 11, 2019
Securing alcohol is one of the grand adventures of life, especially if a person is younger than the legal age to buy. That’s not to put a romantic spin on an illegal and often dangerous activity, but how many of us have stories from high school about swiping some schnapps from Daddy’s basement bar, or fooling the liquor store clerk with a fake ID? Well, digital commerce and payments present a new opportunity for such stories and memories – and new challenges and dangers for beer, wine and liquor
CFPB Monitor
APRIL 11, 2019
According to a Financial Times report, Ginnie Mae is considering proposals that would create federal safety and soundness standards for non-bank mortgage lenders that are similar to those that apply to banks. More specifically, the report cites comments made by Maren Kasper, Ginnie Mae’s acting president, that the proposals would provide for stress testing to assess a lender’s liquidity and include a requirement that lenders have a “living will” that describes how the lender would wind down its
PYMNTS
APRIL 11, 2019
Google has joined forced with gold bullion refiner MMTC-PA to let Google Pay users in India purchase and sell gold on the app, according to reports. The service is already offered in the region through companies like Paytm, Mobikwik and PhonePe. MMTC-PAMP is India’s only LBMA accredited refinery, and through the partnership, users can buy 99.99 percent 24-karat gold. “Gold is core to Indian culture and tradition, making India the world’s second largest consumer of gold.
Bobsguide
APRIL 11, 2019
Artifical intelligence is set to transform businesses in ways we’ve not seen since the industrial revolution. The digital era is evolving in the wealth management sector, leading to a dynamic increase of AI and robo-advisory tools. 25% of 600 banking professionals, surveyed by.
Advertisement
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 11, 2019
A better eCommerce experience is more important than finding cheaper prices for corporate buyers, according to a new survey from Avionos. The company announced its new research, “Positioning Strategic eCommerce in a Digital-First World: The 2019 B2B Buyer Report,” on Wednesday (April 10), which surveyed 150 U.S. B2B buyers that have key roles in their corporates’ purchasing processes.
Bobsguide
APRIL 11, 2019
The US Consumer Financial Protection Bureau (CFPB)’s proposed federal fintech sandbox and relaxed regulatory regime has met criticism from state attorneys, while some in the alternative finance space have called the measures “completely overreaching” 22 state attorneys filed a.
PYMNTS
APRIL 11, 2019
Supply chain payment technology firm Taulia is teaming up with Google Cloud to enable an artificial intelligence-powered invoice processing solution. Taulia said in an announcement Wednesday (April 10) that its new solution with Google Cloud aims to address key points of friction in the invoicing process, including corporates’ use of an array of invoice formats, reliance on unstructured data, and the challenge of processing that invoice data.
Payments Source
APRIL 11, 2019
Over time, Pinterest has built a powerful e-commerce and payments engine underneath its social network site. This enables any Pinterest post to double as a portal for commerce — one that is especially powerful on mobile.
Advertisement
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 11, 2019
Lawmakers in Australia are pushing for legal assistance for small businesses that find themselves in dispute with banks, reports in The Sydney Morning Herald said Wednesday (April 10). The Senate’s Legal and Constitutional Affairs Committee released a report earlier this week on its analysis of dispute resolution in the banking industry as the nation continues to crack down on misconduct against small businesses in the industry.
Bobsguide
APRIL 11, 2019
Nord Pool’s splitting of its market coupling operator (MCO) operations from its power exchange business could be the first indication of a wider movement by nominated electricity market operators (NEMOs) in reaction to the EU’s Network Guidelines on Capacity Allocation and Congestion.
PYMNTS
APRIL 11, 2019
To quote a rock ‘n’ roll poet (Jerry Lee Lewis): Whole lotta shakin’ going on. Depending on how you look at it, cryptocurrency is either the next big thing, or the thing with feathers — that would be hope, to quote another poet (non-rock ‘n’ roll, and that would be Emily Dickinson). One notable voice has chimed in to say that cryptocurrencies are among the next big things in finance.
Payments Source
APRIL 11, 2019
Mastercard and MercadoPago, the payments arm of Latin American e-marketplace MercadoLibre, see opportunities for contactless prepaid cards among unbanked consumers even though local issuers have been slow to adopt the format.
Advertisement
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.
Expert insights. Personalized for you.
369 
Let's personalize your content