Payments Dive

DECEMBER 10, 2018

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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Video Fintech Mobile Payments 252

Bank Innovation

DECEMBER 10, 2018

Viva Republica, the operator behind digital wallet Toss, became South Korea’s latest unicorn after an influx of $80 million announced this week put the valuation of the company at $1.2 billion. The Seoul-based startup’s latest round of funding, led by Silicon Valley VCs Kleiner Perkins and Ribbit Capital, comes as it prepares an expansion into […].

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Payments Dive

DECEMBER 10, 2018

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.

Video 236

Video Fintech Mobile Payments 236

Chris Skinner

DECEMBER 10, 2018

I just got back from Russia recently where I was interviewed by one of their leading journals. The journalist had read Digital Human, and took a very Russian take on it. His first question was along the lines of: if we are automating so much, then the people who own … The post As we raise one, raise all appeared first on Chris Skinner's blog.

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Digital Banking 192

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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

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Bank Innovation

DECEMBER 10, 2018

Cross River Bank’s recent $100 million funding round could be an encouragement to lending-focused fintechs, who are currently being warned about a potential economic downturn. Indeed, Fort Lee, N.J.-based Cross River Bank is not fazed by that possibility, and nor are its investors, which in turn could be a positive harbinger for alternatives lenders who […].

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Lending Fintech Capital Online 186

Bank Innovation

DECEMBER 10, 2018

In order to compete in the modern market, a website that converts visitors to customers is essential. Employing bank website best practices means that you not only attract users but convert them into customers. Here are four absolute best practices to convert more customers than ever: 1. Attractive Design As a financial institution, you must […].

Marketing 170

Marketing social media UX Millennials 170

PYMNTS

DECEMBER 10, 2018

The year is 2007. Headlines are filled with news of a “revolutionary” product that will change the fortunes of merchants and unlock countless benefits for consumers when using it. Analysts at the time called this product “an historic opportunity” to bolster the merchant’s “corroding bottom lines,” and innovators rushed to build new applications to help them seize it.

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Branding Cards Payments New Jersey 184

Bank Innovation

DECEMBER 10, 2018

Cort O’Haver, CEO of Umpqua Bank, will join the fireside chat at Bank Innovation Ignite 2019. The event will take place March 11-12 at Seattle’s Hyatt Olive 8 Hotel. You can join the event by registering here. O’Haver has been CEO of Portland, Ore.-based Umpqua since January 2017, replacing longtime CEO Ray Davis, who had served […].

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Portland Innovation Fintech Mobile 170

PYMNTS

DECEMBER 10, 2018

Chinese bike-sharing company Mobike is being investigated by German regulators for potentially being in breach of the EU’s General Data Protection Regulation (GDPR). In a statement to the Financial Times , a spokesman said, “The Berlin commissioner for data protection and freedom of information had already planned to launch an investigation into car- and bike-sharing companies?

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Regulation Data Compliance Community 183

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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

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Bobsguide

DECEMBER 10, 2018

In today’s global marketplace, treasurers face the increasingly complex task of managing a corporation’s liquidity. As multinationals expand their overseas operations, more and more bank accounts are being opened for different geographic regions, currencies, and business needs. With so.

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Regional Operations Management 110

PYMNTS

DECEMBER 10, 2018

2108 has been the year of many things in payments and commerce. For Visa Global Head of Payments Products and Platforms TS Anil, it’s been a year in which many big steps have been taken on the journey toward giving merchants something that has made checking out in the store a safe, standard and interoperable checkout experience. A single digital terminal that can be used to create a secure, interoperable experience when consumers check out online — that experience comes by way of Secure Remote C

Security 180

Security Cards Online Industry 180

Payments Source

DECEMBER 10, 2018

The Bank of England is upgrading the U.K.’s Real-Time Gross Settlement (RTGS) system. Separately, the U.K. payments authority, Pay.UK, is developing a New Payments Architecture that will upgrade Britain’s Faster Payments real-time retail system.

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Payments Fintech System Retail 103

PYMNTS

DECEMBER 10, 2018

Social media giant Facebook is looking to grow its blockchain team, according to a report. The company posted on its careers page that it’s looking for data engineers and scientists, software engineers and a product marketing lead for its blockchain team. The company said its ultimate goal is to “help billions of people with access to things they don’t have now – that could be things like equitable financial services, it could be new ways to save, it could be new ways to share information.

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blockchain social media cryptocurrency Risk Management 177

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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.

Lending

Bobsguide

DECEMBER 10, 2018

If you manage a financial institution then you will know that your IT is the backbone of your business. Your clients come to you for your financial expertise but it is your IT systems that allow you to translate that expertise into practical solutions for your clients. For many firms managing those.

System 88

System Management 88

PYMNTS

DECEMBER 10, 2018

Much regulatory focus this past week came with headlines on anti-money-laundering efforts, aided by tech. As reported , a number of regulatory agencies — among them the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the Financial Crimes Enforcement Network, the National Credit Union Administration and the Office of the Comptroller of the Currency (OCC), in tandem with the Financial Crimes Enforcement Network — issued a joint statement.

Regulation 172

Regulation Fintech FDIC National 172

CFPB Monitor

DECEMBER 10, 2018

The CFPB has made available a beta version of its 2018 HMDA data platform. The platform is for the reporting of data collected in 2018 that must be reported in 2019. During the beta period, reporting institutions can test and retest 2018 HMDA data files as often as desired to assess if their Loan Application Register (LAR) data complies with the reporting requirements outlined in the Filing Instructions Guide for HMDA data collected in 2018.

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Data Report 74

PYMNTS

DECEMBER 10, 2018

How does one build a brand that isn’t really a brand? It is a question that a new startup called Italic is tackling, as it looks to build a new type of marketplace where consumers can buy luxury-level goods at a fraction of the price they might pay for the luxury label sewn inside. The trick – and Italic’s secret sauce – is enabling the handful of specialized manufacturers sprinkled throughout Asia and Europe that produce luxury accessories, eyewear and handbags to sell directly to the consumers

Branding 171

Branding US Course Retail 171

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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.

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Bobsguide

DECEMBER 10, 2018

Cash forecasts are vital tools for all businesses. Depending on what the corporate objectives of the cash forecast are, they may vary in form, time horizon, and granularity. What unites them, however, is how frustratingly long the process can be if it is run entirely manually.

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How To Tools 74

PYMNTS

DECEMBER 10, 2018

Prosecutors in Frankfurt, Germany have targeted a former anti-money laundering official at Deutsche Bank in a probe regarding the suspicion of money laundering, Reuters reported on Monday (Dec. 10). The official was not named in the news, which was reported by Hessischer Rundfunk, a German public broadcaster. Prosecutors are accusing the unnamed official of not reporting suspicious transactions at the bank, even though the official had enough evidence to see money laundering in action, Rundfunk

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Virgin Islands Taxes America Report 167

Payments Source

DECEMBER 10, 2018

The information you need to start your day, from PaymentsSource and around the Web. Today: Mastercard's seeking a blockchain anonymity patent; Wearables advance in Russia; GDPR compliance may hit a snag; Open banking takes shape in the Middle East.

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Compliance blockchain 73

PYMNTS

DECEMBER 10, 2018

Change can be disorienting, particularly when it comes at a fast pace. It’s why the news that 44 million Americans owe over $1 trillion in student loan debt seems shocking. It’s why it’s surprising that sloppy data security hygiene and well-placed bad actors are a bigger security threat to the next generation than hacking technology. But not all changes are concerning ones: The digital reformation of commerce over the last five years and the continual expansion of mobile indicate that con

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Data Security Mobile Technology 164

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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.

Compliance

Payments Source

DECEMBER 10, 2018

KKR, which has a substantial financial services portfolio, has made a $75 million equity investment in Cross River Bank, part of an overall $100 million capital raise. Cross River will use the funds to expand the technology and compliance infrastructure that it provides to fintech organizations.

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Compliance Capital Fintech Technology 71

PYMNTS

DECEMBER 10, 2018

Returns are a big — if unsung — part of the holiday season. According to data compiled by B-Stock Solutions , a marketplace that liquidates returned merchandise for retailers like Amazon, Macy’s, Target, Costco, Walmart, Home Depot, and Best Buy, if Q4 is all about holiday spending, Q1 is all about handling the wave of returns that the experts have dubbed Returnageddon.

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Retail Training Branding Operations 159

Payments Source

DECEMBER 10, 2018

Social media is allowing non-celebrities to gain popularity and push consumer activity toward certain retailers to boost payments and new channels, contends Todd Grossman, CEO of Talkwalkers Americas.

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social media Payments America Retail 68

PYMNTS

DECEMBER 10, 2018

The scope of late payments in the United Kingdom continues to be illuminated across government reports. Among the latest is a report from the Business, Energy and Industrial Strategy Committee, or BEIS for short, that shows continued impact on smaller firms. The report noted that, in the words of Rachel Reeves, who chairs BEIS, “supply chain bullying is all too commonplace” amid stretched payment terms, and High Street firms are among those deliberately paying late.

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Report Retail Payments Survey 159

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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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