Chris Skinner
FEBRUARY 15, 2019
I spotted an article by Linus Beliunas on LinkedIn this week, and liked it so much that wanted to share. Enjoy! 39 FinTech Unicorns Valued at $147.37 billion 2018 was a phenomenal year for FinTech. Over a course of 12 months, Venture Capital-backed FinTech deals and funding set an annual … The post 39 FinTech Unicorns Valued at $147.37 billion appeared first on Chris Skinner's blog.
Payments Dive
FEBRUARY 15, 2019
Joust CEO Lamine Zarrad carves out a unique space among fintechs by addressing the special circumstances of freelance workers.
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Bank Innovation
FEBRUARY 15, 2019
The key benefit of using programming language Scala to build a digital platform is a feature called Type Safety. This feature enables faster testing because it supports the detection of "errors while writing the code," according to Jason Brown, CEO and co-founder of fintech Tally. Typically, errors are detected and corrected once the program is […].
Payments Dive
FEBRUARY 15, 2019
This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.
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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
PYMNTS
FEBRUARY 15, 2019
The costs of using some cards is going on the incline, as news is breaking that the nation’s two largest card networks, Visa and Mastercard, are preparing to up the fees charged to merchants to accept network-branded cards. The change will go into effect in early April, according to reports from The Wall Street Journal. According to a Visa spokeswoman, the new price changes impact fees that Visa hasn’t adjusted in at least three years.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
FEBRUARY 15, 2019
With plans to expand its B2B business across Europe over the next 18 months, German fintech Fidor Solutions teamed up with Vancouver-based startup Finn AI to embed a virtual assistant in Fidor’s “bank-in-a-box” product. Banks and non-banks using Fidor Solutions will now be able to provide customers with a chatbot that can guide users through […].
Payments Dive
FEBRUARY 15, 2019
Shining a light on solar energy loans in rural Papua New Guinea: Read an incredible example of how, through mobile banking, unbanked families can be introduced to the concept of banking and its benefits.
PYMNTS
FEBRUARY 15, 2019
There was a time when JPMorgan Chase (JPMC) CEO Jamie Dimon didn’t have much in the way of positive things to say about bitcoin. “The currency isn’t going to work,” the executive said. “You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.”. He went on to call it “a fraud,” and noted he would fire any trader caught messing with it for being “stupid.
Payments Dive
FEBRUARY 15, 2019
This report gives an overview of how carrier billing fits into the existing monetization strategy of dating services. We profile the markets with the biggest potential for carrier billing. Finally, the report explains how mobile operatorscan help dating services increase user acquisition and revenue through marketing support.
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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 15, 2019
In a move to better control shipping and logistics, Amazon has been expanding Amazon Air, with 50 new planes and numerous regional hubs, according to a report by CNBC. The expansion includes a $1.5 billion hub in Northern Kentucky, scheduled to be open in 2021. Amazon now controls shipping about 26 percent of its online orders, according to Wolfe Research.
Payments Dive
FEBRUARY 15, 2019
This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.
Chris Skinner
FEBRUARY 15, 2019
I spotted an article by Linus Beliunas on LinkedIn this week, and liked it so much that wanted to share. Enjoy! 39 FinTech Unicorns Valued at $147.37 billion 2018 was a phenomenal year for FinTech. Over a course of 12 months, Venture Capital-backed FinTech deals and funding set an annual … The post 39 FinTech Unicorns Valued at $147.37 billion appeared first on Chris Skinner's blog.
Payments Dive
FEBRUARY 15, 2019
Mobile money changes the game for Filipinos living abroad: Read a real-world example of how, through mobile banking, international transfers has been easy, fast, and reliable.
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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.
Bank Innovation
FEBRUARY 15, 2019
Giant technology companies are moving inexorably into the finance business and could quickly upend the banking industry, according to the financial industry’s global watchdog. In its most detailed report on the impact of what it called “BigTech,” the Financial Stability Board said the disruption could introduce new risks into the system by compelling banks to […].
PYMNTS
FEBRUARY 15, 2019
Following the unveiling of its electric vehicle concepts in 2018, Rivian Automotive LLC has notched a $700 million equity investment led by Amazon. And the electric automaker, which is based in Michigan, is reportedly in discussions with General Motors about potential funding, Bloomberg reported. Rivian Automotive LLC Chief Executive Officer Robert J.
Bobsguide
FEBRUARY 15, 2019
The US core banking market “needs to be disrupted” for proper competition to emerge and take on established names, according to Christopher McClinton, senior vice president of the American Bankers Association (ABA), speaking of the trade association’s investment in cloud banking.
PYMNTS
FEBRUARY 15, 2019
HSBC ‘s blockchain-based system has helped the bank save 25 percent on foreign exchange (FX) trades. The bank facilitates payments across its American, European and Asia-Pacific trading hubs via its HSBC FX Everywhere platform, which launched last year and uses a shared permissioned ledger that allows multiple parties to make changes and update in real time.
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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.
Ron Shevelin
FEBRUARY 15, 2019
While Chase's announcement focused on the short-term applications of using the JPM Coin internally, there's an unspoken aspect to Chase's strategy: The longer-term potential to do an end-run around the existing payments and remittances infrastructure.
PYMNTS
FEBRUARY 15, 2019
Not long ago, subscriptions services were simply novelty services delivering fun, new products — from meal kits to fashion accessories to men’s grooming products — right to consumers’ doorsteps. Today, however, subscription services are considerably more than just novelties, and are on track to drive over $528.8 billion in overall spend by next year.
Gonzobanker
FEBRUARY 15, 2019
Wow. Just six weeks into the new year, and another monster deal is positioned to shake up the industry, this time in lending. If Fiserv’s announced acquisition of First Data wasn’t enough for you, Thoma Bravo acquired Ellie Mae. Interesting for a few reasons: Deal Economics. Private equity firm Thoma Bravo has agreed to acquire Ellie Mae, a leading purveyor of mortgage software, for a cool $3.7 billion – roughly seven times Ellie’s annual revenues.
PYMNTS
FEBRUARY 15, 2019
Travis Kalanick, the Uber co-founder, is busy with his next venture, reportedly working behind the scenes to create a network of food delivery kitchens around the world. According to a report in The Financial Times, the new venture is called CloudKitchens. Kalanick is recruiting some of the earliest Uber hires for the new business in an effort to grow quickly.
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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
FEBRUARY 15, 2019
Visa and Mastercard plan to raise interchange while battles over those rates and other levies such as merchant surcharging rage on, setting the stage for extra merchant expense, consumer costs and even more squabbling.
PYMNTS
FEBRUARY 15, 2019
Electronic invoicing and data capture company CloudTrade is rolling out a new solution designed for the logistics and freight industry, the company revealed this week. In an announcement on Thursday (Feb. 14), CloudTrade said it is launching CloudTrade Logistics, which integrates invoice processing and digital data exchange for industry players that include third-party logistics companies, business process outsourcing firms and freight payment providers. “ CloudTrade ‘s patent-protec
CFPB Monitor
FEBRUARY 15, 2019
The CFPB has published its 2019 final lists of Rural and Rural or Underserved Counties on its website. The CFPB has previously posted lists of such counties for calendar years 2011-2018. The CFPB has also updated the rural and underserved areas website tool for 2019. The lists and tool are relevant to exemptions from certain regulatory requirements of the Truth in Lending Act, including the following CFPB mortgage rules: Escrows Rule, which requires a creditor to establish an escrow account for
PYMNTS
FEBRUARY 15, 2019
The Mexican government is hoping FinTechs will make sending cash home for Mexican families living abroad more affordable. Deputy Finance Minister Arturo Herrera said the government believes that the popularity of money transfer apps could force banks and Western Union to bring down their prices. Right now, the commission charged — along with foreign exchange — takes an average of 8 percent out of every remittance.
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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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