Sun.Apr 28, 2019

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200 currencies and 30,000 banks … are they really needed?

Chris Skinner

As I travel non-stop, I have one trusty little zip-bag in my travel case. It’s a zip-bag full of cables and converters, mainly to keep my phone fully charged all the time. Plug converters for America, Europe, UK and Australia, and cable converters between Apple and non-Apple products. As I … The post 200 currencies and 30,000 banks … are they really needed?

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Uber Drivers Could Get $40K Pre-IPO Bonus

PYMNTS

Uber is gearing up to award drivers ahead of its initial public offering to the tune of $300 million, giving them as much as $40,00 each. Uber said in a Securities and Exchange Commission filing late last week that it planned to pay roughly $300 million to around 1.1 million drivers located across the globe. Uber said in the filing it was paying a one-time cash driver-appreciation reward to “acknowledge drivers who have participated in our success.

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Things worth reading: 29th April 2019

Chris Skinner

Things we’re reading today include … Barclays’ investment bankers have fallen out of the Premier League RBS begins global hunt for CEO to replace McEwan Brexit will slow UK economy for rest of 2019, forecaster warns Is a cheaper but longer mortgage worth it to get on the ladder? UBS … The post Things worth reading: 29th April 2019 appeared first on Chris Skinner's blog.

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Ohio Bill Urges Govt. To Adopt Blockchain

PYMNTS

Blockchain got a boost last week after the Ohio House Of Representatives introduced a bill that would let state government agencies use blockchain technology. According to Cleavland.com , the bill sponsored by Ohio Representative Rick Caragna is part of the state’s efforts to build a legal framework for the technology that underpins cryptocurrencies such as bitcoin.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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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Stripe's next step is built on strong authentication, compliance

Payments Source

It’s just one part of one regulation in one region that addresses one business practice, but for Stripe, Strong Customer Authentication is a ticket to unlock markets across multiple business types.

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Automated payments can free consumers from check-cashing fees

Payments Source

The use of digital payments offers significant savings over check cashing. Payroll cards and public-sector prepaid cards issued for the deposit of government benefits are two of the best known examples, writes Andrew Gillen, vice president for Global Public Sector Payment Solutions for Mastercard.

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AI Law Enforcement Tools Could Be Inaccurate

PYMNTS

A research group revealed that it has discovered “serious shortcomings” in the predictive tools used by law enforcement agencies. Law enforcement agencies have been using the tools to make decisions about pretrial detention, probation and sentencing, such as predicting whether someone will fail to appear in court based on their arrest history, demographic and more.

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BancNet, Mastercard partner for real-time payments technology

The Paypers

(The Paypers) BancNet , the national clearing switch operator for InstaPay, has announced that it will tap into Mastercard `s next-generation real-time payments technology of Vocalink.

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EU Watchdog Calls For Money Laundering Reform

PYMNTS

The European Banking Authority is facing calls from the financial regulation head in Europe to improve its money laundering safeguards after opting not to pursue an investigation into the Danske Bank money laundering scandal. According to a report in The Financial Times, the European Banking Authority has been facing criticism ever since it voted not to pursue an investigation into Danske Bank without any findings.

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The State of Automation in Financial Services 2024 Report

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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Ecommerce in Germany to grow to EUR 57.8 bln in 2019

The Paypers

(The Paypers) Ecommerce in Germany is predicted to increase by 9%, reaching EUR 57.8 billion at the end of 2019, according to Handelsverband Deutschland.

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UK’s May Wants EU Bloc Students To Pay International Rates

PYMNTS

Theresa May, the prime minister of the U.K., is expected to face backlash over a proposal in which EU nations would pay the same rate as other international students to study at U.K. colleges and universities. According to a report in The Financial Times , critics of the proposal contend the move would hurt the competitiveness of U.K. universities. It would also result in tens of thousands of EU students paying more money after 2021 when the U.K. exits the European Union.

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Just Because Banking Customers Don’t ‘Switch’ Doesn’t Mean They Like You

The Financial Brand

Financial institutions are not keeping pace with consumer expectations, impacting customer satisfaction across all channels. The post Just Because Banking Customers Don’t ‘Switch’ Doesn’t Mean They Like You appeared first on The Financial Brand.

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PAUL selects Yoyo for mobile payments, personalised loyalty app

The Paypers

(The Paypers) France-based bakery and patisserie PAUL has joined forces with Yoyo to combine and personalise mobile payments, loyalty, and rewards.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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Personalization in Banking Can’t Be Disguised as Cross-Selling

The Financial Brand

These days, 'one-size-fits-all' banking doesn't fit anybody. Everyone expects a tailored approach to banking services. The post Personalization in Banking Can’t Be Disguised as Cross-Selling appeared first on The Financial Brand.

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Aer Lingus adds Apple Pay option

The Paypers

(The Paypers) Aer Lingus has announced that its customers will be able to pay for flights on the carrier`s mobile app using Apple Pay.

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Digital Start-Up’s Branch Sends CX Message to Retail Bankers

The Financial Brand

A digital disruptor's brick-and-mortar foray provides insight for traditional banking execs wrestling with the branch question. The post Digital Start-Up’s Branch Sends CX Message to Retail Bankers appeared first on The Financial Brand.

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