Chris Skinner
FEBRUARY 28, 2019
One of the things I say fairly often is that the FinTech start-up community is fairly naïve. Not all, but many, do not understand the nuances of finance and why it is regulated the way it is. Equally, some but not all behave in a way which is not aligned … The post Revolut: the growing pains of a FinTech unicorn appeared first on Chris Skinner's blog.
Payments Dive
FEBRUARY 28, 2019
Smartwatches and other wearables are forging new partnerships with payments companies and technology partners, leading to increasing demand in the category.
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Bank Innovation
FEBRUARY 28, 2019
Rob Guilfoyle, CEO of Abe AI, will be speaking at Bank Innovation Ignite 2019 on March 11-12 in Seattle. Guilfoyle will be on the panel titled “The Future of Banking Experience,” where he will address topics such as the role of natural language in customer experience as well as the type of solutions that can […].
PYMNTS
FEBRUARY 28, 2019
The Internet of Things (IoT) is about much more than the actual things, of course. All those “smart” appliances, speakers, TVs, vehicles, thermostats and other devices connect to networks and infrastructure in certain ways, with that back-end work a relatively significant source of anxiety in the world of digital payments and commerce. New funding generally targeting those connections, networks and infrastructure — along with fresh PYMNTS research — provide further evidence of the ongoing growth
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.
Bank Innovation
FEBRUARY 28, 2019
Fintech Plaid is in massive-growth mode. By yearend, the company has plans to get to 600 employees from 300, Charley Ma, general growth manager at Plaid, said at a Meetup last night presented by Bank Innovation and INV Fintech. As a precursor to that expansion, the sales team has expanded exponentially from a two-person team […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
FEBRUARY 28, 2019
Payments company Klarna Bank AB grew revenue by about a third in 2018, but operating income fell and the speed at which merchants are signing up to the platform slowed. Klarna, which recently turned to Snoop Dogg to promote its online services, added 14,500 merchants in 2018 to its platform, down from 26,000 new merchants […].
PYMNTS
FEBRUARY 28, 2019
Banks have historically developed their own solutions for the marketplace, using sophisticated information technology (IT) and development resources. “If they wanted something for the marketplace, they would create it” and would design, develop and support those solutions for their unique needs, DadeSystems President and CEO Bill Zayas told PYMNTS in an interview.
Bank Innovation
FEBRUARY 28, 2019
Square Inc. saw gross payment volume increase 28% year-over-year to $23 billion in the fourth quarter of 2018. The payments processing company said growth was driven by larger sellers who accounted for 51% of that volume, which is up from 47% a year before. GPV from larger sellers grew 39% YOY, easily outpacing the overall rate. Sellers […].
PYMNTS
FEBRUARY 28, 2019
To provide retailers with an automated option for last-mile deliveries, shipping carriers are entering the world of robotics technology. FedEx , for instance, recently unveiled its FedEx SameDay Bot concept, which the carrier said is in development with DEKA Development & Research Corp. along with DEKA Founder Dean Kamen (of Segway fame). The idea behind the bot is to let merchants accept customer orders and deliver them to customers on the very same day.
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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 Dive
FEBRUARY 28, 2019
Pras Michel, founding member of the Fugees, chats about his new company, Blacture, a tech platform dedicated to uplifting the black community through economic empowerment.
PYMNTS
FEBRUARY 28, 2019
Square ‘s Q4 earnings 2018 results came after market close on Wednesday (Feb. 27), showing the continuation of several trends seen in recent quarterly reports. These trends included double-digit gross payment volume (GPV) growth, as measured year on year, double-digit transaction gains and traction in newer technology offerings — such as point-of-sale (POS) financing to help sellers log their own top-line growth.
Payments Dive
FEBRUARY 28, 2019
NTT Data Services’ Sean Breen discusses some of the challenges facing banks when it comes to the customer experience.
PYMNTS
FEBRUARY 28, 2019
Apple , the iPhone maker that’s been struggling with lackluster demand for its flagship product, is gearing up to slash its self-driving car workforce, letting go of 190 in the unit. The San Francisco Chronicle , citing a letter to the California Employment Development Department sent by Apple, reported the layoffs are happening at Project Titan , its self-driving car unit.
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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
FEBRUARY 28, 2019
Asset management firms need to look at “the sins of the past” when aiming to create new operating models and break down siloed technology in the back office, said Jo Parkhill, CASS consultant at Cashfac, on a panel at the Summit for Asset Management (TSAM) in London this week.
PYMNTS
FEBRUARY 28, 2019
PayMate, a B2B digital payments company based in India, has broadened its partnership with Visa to include businesses in the Central and Eastern Europe, Middle East and Africa (CEMEA) area, according to a report. Those businesses, as Visa’s issuing financial institution clients, can now access PayMate’s platform to handle corporate customers’ payment needs.
Bobsguide
FEBRUARY 28, 2019
Significant issues remain in the disclosure of cost calculations within asset management, according to Nick Miller, head of asset management supervision, at the UK’s Financial Conduct Authority (FCA), at an industry event this week in London. On Thursday, the FCA called on firms to act.
PYMNTS
FEBRUARY 28, 2019
Merger and acquisition (M&A) activity continues to accelerate as 2019 progresses, both in terms of volume and value of M&A deals. Deloitte research found 79 percent of organizations expect merger activity to grow in the coming year, up from 70 percent that said the same for 2018. While corporate mergers can drive business growth, they are also rife with risks and disruption for organizations, from a reshuffling of executive teams to problems with integrating complex, siloed systems from
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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
FEBRUARY 28, 2019
The payments landscape continues to change, and we at bobsguide are putting together a comprehensive report on the matter. And we need your help. We’ve constructed an in-depth survey – split into two short parts, each taking no more than five minutes to complete. For each of the.
PYMNTS
FEBRUARY 28, 2019
Wirex, a cryptocurrency and fiat (real money) payments platform, is releasing a beta version of a regulated crypto-oriented business account, according to reports. The account will support both crypto and fiat payments, and users will be able to transfer funds using over the counter rates or using blockchain, SEPA or Swift. The beta version will work with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and XRP, as well as euros and British pounds.
Bobsguide
FEBRUARY 28, 2019
Sample tests of transaction data provided by national competent authorities (NCAs) back to market participants is an “extra layer of complexity, and cost” which essentially results in “doing the same job twice,” said Adrian Clark, head of business risk and governance, at.
PYMNTS
FEBRUARY 28, 2019
When Square released its Q4 financial results, the company reported that bitcoin sales accounted for $166 million of its revenue last year, according to reports. The company filed a report with the U.S. Securities and Exchange Commission (SEC) on Wednesday (Feb. 27) and said it made an overall net revenue of $3.3 billion in 2018, and that 5 percent of that total was from bitcoin.
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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.
Payments Source
FEBRUARY 28, 2019
A data-driven approach, regardless of human or machine involvement, is a state that organizations need to move to in order to maximize detection in the present and to ease the transition to a more primarily machine-driven future, writes Oliver Tearle, head of research at The ai Corporation.
PYMNTS
FEBRUARY 28, 2019
Consumers have been trained – by Venmo and other P2P payments providers in the U.S. and around the world – to expect to be able to send and receive funds easily and quickly. Hence their disappointment when the experience is neither quick nor easy. And, in fact, living up to consumers’ new expectations – whether it is around access to chat features or access to credit products – means businesses are facing a world in which they can change what they offer (and how fast they offer it) or risk being
ATM Marketplace
FEBRUARY 28, 2019
In any marketplace where cash is present, it will always find a use. Culturally, historically and even pragmatically, there will continue to be times when we fumble around in our pockets for loose change for one purpose or another.
PYMNTS
FEBRUARY 28, 2019
The chairman of Reliance Industries has run into a hitch in his quest to take on Amazon in India and become the biggest eCommerce company in the country, according to reports. Mukesh Ambani, Asia’s richest man, said he will conjoin the heft of his two companies — Reliance Retail, with its upwards of 9,900 retail locations, and Reliance Jio Infocomm with its 280 million-plus telecom customer base — to power his eCommerce endeavor.
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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.
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