Bank Innovation
FEBRUARY 7, 2018
Is digital banking killing physical bank branches? How much truth is there to the longtime fear that online banking will replace consumer interaction with bank branch tellers? Well, a lot — at least, so it seems from a Wall Street Journal report indicating that banks are shutting down more branches now than they have in […].
Chris Skinner
FEBRUARY 7, 2018
I recently blogged about Edelman Trust Barometer, which makes clear that technology firms are trusted the most and financial firms the least. This is misguided however, as we need to think about who trusts them with what. Consumers trust technology firms not to abuse their data? Hmmm. Consumers trust technology … The post Trust in banks is NOT the same as liking banks appeared first on Chris Skinner's blog.
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Bank Innovation
FEBRUARY 7, 2018
Wall Street bank Goldman Sachs could potentially finance users who wish to purchase an iPhone X, according to the Wall Street Journal, which reported that the firm is in talks with Apple to offer such financing this morning. Potential iPhone X purchasers would be able to take out a loan from Goldman for funding—rather than […].
Payments Dive
FEBRUARY 7, 2018
TNS Dial is a managed payment transaction gateway designed to securely and reliably deliver transactions from all types of terminals. This cost-effective solution has a strong reputation among processors and acquirers. Download this brochure to learn more.
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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
FEBRUARY 7, 2018
EXCLUSIVE -The chairs of Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), John Clayton and J. Christopher Giancarlo respectively testified before the Senate Banking Committee yesterday on their regulatory ideas and concerns on cryptocurrency. Surprisingly, the sentiment was not a negative one. While both Clayton and Christopher remained “cautiously optimistic” about the […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
FEBRUARY 7, 2018
EXCLUSIVE—Payments provider PayPal is now offering two new card readers for small and medium businesses, allowing owners to accept payments with more ease and efficiency, the company announced today. The two card readers join the two existing readers currently on offer by PayPal—a simple mobile card reader that plugs into a phone’s headphone jack, and […].
Bobsguide
FEBRUARY 7, 2018
Digitalisation seems to be transforming businesses across every industry. It is an actively discussed topic around the world and widely included in the strategies of companies, institutions, and societies. However, after the financial crisis in 2008, while other industries have been concentrating on.
Bank Innovation
FEBRUARY 7, 2018
Chinese payments provider LianLian is joining Ripple’s payment network, RippleNet, to use its blockchain technology for faster cross-border payments, the companies announced today. Upon joining the network, LianLian’s payment solution, LianLian Pay, will use Ripple’s settlement solution, XCurrent, to power transactions between China and the U.S., Ripple stated in a blog post.
PYMNTS
FEBRUARY 7, 2018
H-E-B is not only the neighborhood grocery store for many communities in Texas: It’s also an eCommerce retailer with digital features to better reach its customers. The grocer has brought curbside pickup to cities such as San Antonio, Waco and Houston, while rolling out delivery from Shipt and Instacart. The grocer has also expanded its business beyond its borders to serve Texans that have moved to other states but want comfort food from home.
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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
FEBRUARY 7, 2018
Bank Innovation will announce the companies participating in our 2018 DEMOvation Challenge later this week. It is now just one month before Bank Innovation 2018 is set to kick-off in San Franscisco, Calif. The companies and details of the challenges will be announced tomorrow, at 10 AM ET, on the @BankInnovation Twitter. Bank Innovaiton’s DEMOvations feature presentations […].
PYMNTS
FEBRUARY 7, 2018
Chicago-based startup subscription service and steam oven creator Tovala has received new funding from Tyson Ventures , the investment arm of food giant Tyson Foods, according to a Tuesday (Feb. 6) TechCrunch report. The exact amount of the funding was not disclosed, but Tyson’s investment appears to have been earmarked to finance collaborations on Tyson-branded meals through the Tovala meal prep subscription service offering.
Bank Innovation
FEBRUARY 7, 2018
Norwegian bank, Nordea is replacing token passwords with biometric authentication for its employees dealing with confidential customer data. For this, Nordea has tapped Massachusetts based-biometrics security company Veridium, according to today’s announcement. James Stickland, CEO of Veridium, said in the statement today: Maintaining customer, employee and company data is critical for all organizations – but […].
PYMNTS
FEBRUARY 7, 2018
You’ve heard of a baker’s dozen. Well, here, perhaps, is the hacker’s three dozen — and might there be more? According to reports by Reuters Wednesday, the U.S. Department of Justice said it had indicted 36 people from around the globe tied to an internet identity theft ring. The cybercriminals racked up nearly $530 million in losses to consumers and enterprises.
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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.
Insights on Business
FEBRUARY 7, 2018
As the term “fintech” becomes further engrained and more ubiquitous in the banking and financial industry, these businesses classified by the same fintech name have ascended beyond the small, ardent startup scene and have established themselves as equal challengers in the arena, standing up and competing with institutions that are a century old or longer.
PYMNTS
FEBRUARY 7, 2018
News photos can showcase the latest in fashion and style of Hollywood actors, but it’s not so easy to purchase items from a celebrity’s wardrobe. Through a partnership with eBay , Mashable is making the task of finding that suit, dress or accessory a little bit easier. While the program is still just a pilot, journalists working for Mashable will be able to take a photo of, say, a celebrity and tag elements of his or her outfit with links to similar products available for sale on eBay.
Payments Source
FEBRUARY 7, 2018
As billions of devices interact in trillions of transactions, autonomous payments will be required because there simply won’t be enough humans on earth to look at them all, writes Vaughan Emery, founder and CEO of Atonomi.
PYMNTS
FEBRUARY 7, 2018
PayPal’s “Global Freelancer Insights Report” found that mobile is an important tool for freelancers, while security is also top of mind. In a corporate blog post detailing the results, PayPal said mobile payments, mobile apps and mobile communication are important tools for freelancers, with those surveyed noting mobile tools and the ability to invoice and receive payments on mobile devices is crucial for them.
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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
FEBRUARY 7, 2018
Plenty of U.S. banks already have their own robust API programs, but research by Nacha, the electronic payments association, indicates that the differences in their approaches could slow the banks' ability to synchronize with global fintech development.
PYMNTS
FEBRUARY 7, 2018
Xero , an accounting platform for small businesses (SMBs) around the world, announced news on Tuesday (Feb. 6) that it is expanding its partnership with Stripe to enable Xero customers to accept ACH bank transfers via Stripe’s platform. According to a press release , Xero said by including ACH payment acceptance, its more than 1.2 million subscribers now have another way to get paid quickly in a secure manner.
Payments Source
FEBRUARY 7, 2018
In recent weeks three surveys have been released that assess the U.S. fraud landscape across all of these audiences. These reports provide a holistic snapshot of where payments fraud in the U.S. is today.
PYMNTS
FEBRUARY 7, 2018
Quick-service restaurant (QSR) Chipotle Mexican Grill slightly beat fourth-quarter earnings estimates, helped by higher menu prices and despite declining foot traffic. The restaurant reported earnings of $1.34 per share, excluding its $0.21 tax benefit, just above estimates of $1.33, Bloomberg reported. Still, the stock fell by almost 10 percent in early morning trading on Wednesday (Feb. 7) after the earnings results were released.
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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 7, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Visa-funded study says cities can save by dumping cash; Jackpot attackers face charges; Patreon goes behind the scenes; A new phishing attack emerges.
PYMNTS
FEBRUARY 7, 2018
Two blockchain alliances have formed an alliance of their own to promote the use of blockchain in the global logistics and transport industry. An announcement Tuesday (Feb. 6) stated that the Wall Street Blockchain Alliance (WSBA) and the Blockchain in Transport Alliance (BiTA) are collaborating to develop solutions in supply chain financing and risk management.
Payments Source
FEBRUARY 7, 2018
Payments processor Shift4 Payments has acquired three point of sale companies that it will integrate to strengthen its presence in the hospitality POS market.
PYMNTS
FEBRUARY 7, 2018
Artificial intelligence (AI) is finding success in the back office, and that includes in financial systems and accounting departments. AI and machine learning have the potential to automate tasks that would have otherwise taken up valuable time of financial professionals and to provide deeper insights from Big Data that human power could not reasonably have achieved.
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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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