Payments Dive
APRIL 23, 2019
Consumers want to see more options in the payment methods available at the gasoline pump. This presents opportunities and challenges from the stanpoint of introducing mobile payment options, while maintaining the security of transactions.
Chris Skinner
APRIL 23, 2019
It was Earth Day on Monday, and a national holiday in many nations as they observed what Christians call Easter. Whilst Sri Lankans mourned the fatal losses on the Easter Sunday church gatherings, many observed the anniversary of the birth of the modern environmental movement in 1970. One of the leading … The post Doing good for society and the planet (an Earth Day FinTech update) appeared first on Chris Skinner's blog.
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Bank Innovation
APRIL 23, 2019
With the majority of the region's debt collection being handled by small, provincial agencies, the process in Southeast Asian markets is still mostly manual. Digital debt collector AsiaCollect is hoping to change that. Based in Singapore, AsiaCollect unveiled a standalone, AI-based platform called SmartAgent, which it plans to roll out in India in the coming […].
PYMNTS
APRIL 23, 2019
The idea started in the B2C world, but it wasn’t long before online sellers were asking about its use for B2B — at least, according to Chris Tsai, co-founder and CEO of Resolve , in a new PYMNTS interview. Resolve, a B2B payment services firm that spun off from Affirm , provides point-of-sale (POS) financing to consumers via retailers, including Walmart.
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
APRIL 23, 2019
Nearly 80% of traditional financial institutions feel little or no threat from fintechs today, but 65% believe fintechs will be a “significant threat” by 2022, according to a new study by Harvard Business Review. The survey of 300 executives from traditional FIs also found that 20% said their organizations don’t compete with fintechs “at all” […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
APRIL 23, 2019
For Fifth Third Bank, customer service is not just about digital transformation. The bank also wants to expand its physical retail branch footprint, according to its president and CEO, Greg Carmichael. As a result of the bank's $4.7 billion acquisition of Chicago-based MB Financial Inc., which closed last month, Carmichael noted in the Q1 earnings […].
PYMNTS
APRIL 23, 2019
In technology, especially when it comes to consumer-focused technology, Apple is viewed as a disruptive force. Tick down the list of offerings spanning decades (the Mac, the iPhone, the iPod, iTunes, the iOS operating system/ecosystem), and one can find that the ways we communicate, listen, stream and, indeed, interact with technology have all shifted.
Bank Innovation
APRIL 23, 2019
Dubai Islamic Bank PJSC is weighing a possible acquisition of smaller rival Noor Bank PJSC as the United Arab Emirates’ biggest Islamic lender seeks ways to expand amid a wave of mergers in the region. “We’re in the early stages of that analysis,” Chief Executive Officer Adnan Chilwan said on a conference call on Tuesday. […].
Accenture
APRIL 23, 2019
Advances in technology and a push towards “consumerization” in business-to-business (B2B) payments is resulting in providers offering more digital tools than ever before. A vast number of new partnerships and proprietary product launches have been observed in the commercial payments market in recent years, most of which are designed to increase automation and reduce manual processes.
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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
APRIL 23, 2019
Allied Irish Banks (AIB) and First Data have teamed up to buy a majority stake in card payment company Payzone for 100 million euros ($113 million), according to a news release. Carlyle Cardinal Ireland sold the stake and Arma Partners served as an adviser. “Payzone is one of Ireland’s largest providers of payment solutions, with its technology allowing both large and small Irish businesses to accept payments online, in store, on the road and over the phone,” Arma said in the release.
Bobsguide
APRIL 23, 2019
At its peak in January 2018, the combined market capitalisation of cryptocurrency hit $830bn. While that figure has since declined to just over $113bn, many businesses and individuals have accrued fortunes into the hundreds of millions. The rapid escalation of cryptocurrency’s market.
PYMNTS
APRIL 23, 2019
To become more agile and squeeze out costs in the age of online shopping, shipping and logistics conglomerate UPS is turning to automation. The move comes as the firm is adjusting to the rise of deliveries for eCommerce, Bloomberg reported. UPS Network Planning Tools Initiative Program Manager Rob Papetti said, according to the outlet, “It’s not a typical one-time project.
Bobsguide
APRIL 23, 2019
The complexity of transaction reporting requirements under Europe’s second Markets in Financial Instruments Directive (Mifid II) combined with the number of firms struggling to submit accurate data could result in a climbdown from regulators in the next few years, say lawyers. “The.
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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
APRIL 23, 2019
Revolut is making some changes to its business practices and company culture as the company aims to move from a startup to a global bank. According to a report in The Financial Times , Revolut is making changes — including adding a customer service phone number — as it seeks to become more than a challenger bank, which will require increased funding from investors.
Payments Source
APRIL 23, 2019
By allowing instant issuance to be executed from the most secure infrastructure available, PCI-CP introduces greater flexibility and protection than older standards, according to Ranjeet Khanna, vice president of financial issuance at Entrust Datacard.
PYMNTS
APRIL 23, 2019
Chinese technology conglomerate Tencent has invested in Argentinian mobile banking startup Uala, according to a report from Reuters. Point72 Ventures and George Soros have also invested in the mobile payment company. The startup’s Founder Pierpaolo Barbieri said the Chinese company would help Uala develop its app, among other things. He did not reveal the amount of the investment, but said it would significantly raise the company’s valuation.
Bobsguide
APRIL 23, 2019
Asset management is considered highly attractive as the (regulatory) capital requirements are negligible. It is also currently one of the most profitable markets, especially in the financial services industry, with a high operating margin of 37% compared to 34% in banking or 4% in insurance, for.
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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.
PYMNTS
APRIL 23, 2019
Financial management is mission-critical to the health and vitality of small business (SMB), but it’s also one of the most difficult tasks for entrepreneurs and business owners that may have the skills to launch new products or services, but lack the accounting expertise to handle the numbers. Bookkeeping is at the core of many essential processes in the back office: tax filing, working capital management and access to financing, to name a few.
Payments Source
APRIL 23, 2019
Mastercard is expanding its Girls4Tech education outreach program with new partnerships, and tightening the focus on subjects broadly in demand in the payments industry.
PYMNTS
APRIL 23, 2019
Alt Thirty Six, a digital payment and compliance platform designed to help the cannabis industry go cashless, announced Tuesday (April 23) it raised $10 million in venture funding. In a press release , Alt Thirty Six said the funding round was led by a private equity firm. The proceeds will go to accelerate growth and enhance the development of its platform.
Bobsguide
APRIL 23, 2019
David Wilson was appointed chief executive officer of Accuity in January, having joined the compliance software firm as chief operating officer in July 2017. Prior to that, he held several senior management positions within the RELX Group, Accuity’s parent company. Bobsguide sat down with the.
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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.
PYMNTS
APRIL 23, 2019
In the digital age of hospitality technology, restaurants have a trove of tools to help serve customers in their stores. Innovations run the gamut from promo codes to coupons and quick-response (QR) scans in addition to other features such as delivery tracking. Overall, merchants in the $1 trillion accommodation and food services market see digital innovation as key for staying competitive in the space.
Payments Source
APRIL 23, 2019
As part of its formal spinoff from consumer lender Affirm, B2B e-commerce platform Resolve is launching automated payments that offer extended net terms for product buyers.
PYMNTS
APRIL 23, 2019
Tesla CEO Elon Musk said he will launch the company’s robotaxi program by 2020, according to reports. “I feel very confident predicting that there will be autonomous robotaxis from Tesla next year – not in all jurisdictions, because we won’t have regulatory approval everywhere,” Musk said, although he didn’t mention specific regulations. People who own equipped Teslas will be able to add their own vehicles to the company’s ride-sharing app, which will work like Uber or other similar companies.
ATM Marketplace
APRIL 23, 2019
In the wake of a McDonald's restaurant ordering kiosk in Australia, security expert Andrew Savala offers tips for hardening security at kiosks — and it's advice that ATM deployers should be acting on, as well.
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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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