Bank Innovation
JULY 5, 2019
A new breed of banking startups wants to lock in customers while they’re in high school and college. As the ecosystem of millennial-focused challenger banks gets crowded, a growing number of startups are focusing on Gen Z customers, or those who were born in the mid-1990s onwards. The objective is to become the customer’s primary […].
PYMNTS
JULY 5, 2019
There’s the forest and there’s the trees — and a lack of ability to see both at the same time can often lead to disaster. The same principal holds true when it comes to forecasting cash flow. Indeed, some 91 percent of corporate treasurers lack visibility over payments — hardly a statistic that breeds optimism. In a new PYMNTS interview, Jessica Cheney, vice president, product management and strategic solutions at Bottomline Technologies , talked about the importance of improving that cash flow
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Bank Innovation
JULY 5, 2019
The Bank of Montreal has launched a mobile loan application tool for its Canadian customers. Brett Pitts, BMO's chief digital officer, told Bank Innovation the product rollout was a response to customer demand. “Customers were looking for a solution that would simplify the process and provide them with a real-time decision,” he said. BMO, like […].
PYMNTS
JULY 5, 2019
FinTech firms are taking on real-time payments for business-to-business (B2B) use cases – and teaming with banking partners to drive innovation. AvidXchange , for instance, worked with Fifth Third Bank to enhance B2B payments while leveraging the inherent capabilities in the RTP network from The Clearing House. The team was named the overall winner in the recent RTP Buildathon with its submission that offered supplier alerts to provide discounts to buyers, immediate supplier payments, real-time
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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
JULY 5, 2019
The growth of capital in play in the private market is changing how private companies, particularly tech startups, find liquidity in the race to go public. Exits of firms like Uber, Lyft and Slack have made 2019 something of a banner year for initial public offerings. It's notable Slack chose the direct listing route, in […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
JULY 5, 2019
A new breed of banking startups wants to lock in customers while they’re in high school and college. As the ecosystem of millennial-focused chal.
PYMNTS
JULY 5, 2019
It’s not enough to just be a retailer these days, it seems. Digital ads are also part of the process — at least that’s the story coming from recent developments involving major merchants. Take Target as one example. The retail chain reportedly has been in discussions with Triad Retail Media , the retail advertiser owned by WPP PLC, to acquire it.
Bank Innovation
JULY 5, 2019
The growth of capital in play in the private market is changing how private companies, particularly tech startups, find liquidity in the race to go pu.
PYMNTS
JULY 5, 2019
It can be difficult these days to remember the almost idyllic promise of social media when it first entered the general consumer consciousness. That’s not to tempt one into nostalgia, or to suggest that social media has become marred beyond recognition. Rather, it’s to remind one of how much has changed when it comes to views and uses of Facebook , Twitter and other such platforms.
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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
Bank Innovation
JULY 5, 2019
The Bank of Montreal has launched a mobile loan application tool for its Canadian customers. Brett Pitts, BMO’s chief digital officer, told Bank.
PYMNTS
JULY 5, 2019
Earnings season begins roughly two weeks after the close of the quarter. Earnings season serves as a barometer of the health of companies, and as always, offers management commentary on the state of the general economy. Many firms, with reach global in scope, also are doubtless going to reference and spotlight the impact on the trade war between China and the United States.
Payments Source
JULY 5, 2019
E-commerce payments and fintech services provider PayU has acquired a majority stake in Southeast Asia online payment software company Red Dot Payment in order to expand into the Asian market.
PYMNTS
JULY 5, 2019
The best speed in payments is usually faster – both when getting paid and when paying out. The ideal speed, of course, would be instant when possible. But picking up the pace is not as easy as flipping a switch and saying go – with faster payments come the chances for faster fraud , and more possibilities that transactions will go by too fast to be properly secured and verified.
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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.
Payments Source
JULY 5, 2019
BBVA has formed a partnership with Uber enabling the ride-hailing company’s drivers and delivery workers in Mexico to establish a digital BBVA debit account through Uber’s app.
PYMNTS
JULY 5, 2019
Cuban President Miguel Díaz-Canel has announced a plan to use cryptocurrencies to boost his country’s ailing economy. The proposal is part of a series of measures that aims to improve Cuba’s ongoing financial crisis, which has gotten worse due to sanctions imposed by the United States. “We are planning to explore the potential application of cryptocurrency […] In fact, we’ve gone further and decided to study the potential use of cryptocurrency in national and international commercial relat
Payments Source
JULY 5, 2019
The incident underscored the vulnerability of digital payment platforms to technical troubles. Visa and Mastercard have each experienced serious outages within the last couple of years.
PYMNTS
JULY 5, 2019
In the year of 2019, buy buttons are so common, they are almost a given. More than seven in 10 leading eCommerce merchants now offer at least one buy button, and one in five now offer two or more. That said, there are signs that eCommerce merchants’ buy button offerings may be on the decline. The share of eTailers that support at least one buy button has been largely stagnant for some time, increasing from 72.7 percent in Q1 2018 to 73.1 percent in Q2 2018, only to drop back to 72.7 percent by Q
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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.
Payments Source
JULY 5, 2019
The information you need to start your day, from PaymentsSource and around the Web. Today: Uber Eats expands inside restaurants; Alipay adds beauty filters to selfie-pay; Japan's regulators pressure Libra; Legal battle brews over currency policy in Zimbabwe; BigCommerce and Klarna expand partnership.
PYMNTS
JULY 5, 2019
As the trade war between the U.S. and China impacts the global markets for smartphones and chips, Samsung Electronics Co Ltd. predicts a sharp drop in operating profit for the second quarter. One-off gains, however, aided the company in coming out ahead of the expectations of analysts, Reuters reported. Operating profit for April through June likely dropped 56 percent to $5.6 billion or 6.5 trillion won per a regulatory filing before the release of earnings figures that are detailed later in the
Payments Source
JULY 5, 2019
A centralized rules-based system can produce insights into how staff pay when traveling, which can inform broader vendor management, contends Yash Madhusudan, co-founder and CEO of Fyle.
PYMNTS
JULY 5, 2019
Ireland’s central bank has fined Wells Fargo 5.9 million euros, according to a report by Reuters. . The fine is the second biggest ever issued by the bank, and it’s for five breaches that happened between 2014 and 2019, which include failure to report the bank’s capital position, which brought to light “serious and systemic weaknesses” in its reporting. .
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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
JULY 5, 2019
AI-focused venture fund Radical Ventures is the lead investor in a $31.5 million Series B round in Sensibill, which boosts it overall financing to $46.5 million. National Bank of Canada is also part of the investment round.
PYMNTS
JULY 5, 2019
Netflix, a Wall Street favorite, is facing some uncertainty for the future with the loss of its most popular show, “The Office,” and impending changes to the streaming landscape, according to a report by CNBC. “The Office” will be removed from the platform by 2021, despite Netflix offering NBC $90 million to keep it. Comcast will soon launch its own streaming service, as will Disney.
Banking Exchange
JULY 5, 2019
Key features for international businesses as well as high end consumers Technology Payments Retail Banking Tech Management Mobile Online Cards Checks/Remote Deposit Capture Feature3 Fintech Feature Financial Trends.
PYMNTS
JULY 5, 2019
To provide broadband to tens of millions of users who don’t currently have adequate internet access, Amazon wants permission from the U.S. to launch 3,236 communications satellites, per a Thursday (July 4) Federal Communications Commission (FCC) filing. The agency organizes radio frequency use as well as trajectories, Bloomberg reported. When its satellite program became public in an International Telecommunications Union filing, Amazon said in a statement in April that “this is a long-term proj
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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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