Chris Skinner
SEPTEMBER 5, 2017
I now think I am a good friend of Pablo García Arabéhéty, CGAP’s Regional Representative for Latin America and the Caribbean. This is, in part, because he’s contributed one of the key pieces I’m using in my new book Digital Human (due for release next Spring), and partly because we met at … The post Financial Inclusion in Mexico: Saldazo’s overnight success appeared first on Chris Skinner's blog.
Bank Innovation
SEPTEMBER 5, 2017
EXCLUSIVE — After a year of AI hype, financial institutions seem more interested in building out an open banking ecosystem that actually uses the technology, and less interested in rushing towards an AI “breakthrough” that will revitalize banking. “Banks need to be preparing for the new cognitive world — 2018 is the year we’re going […].
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Payments Dive
SEPTEMBER 5, 2017
There's no denying the discussions happening today about chatbots. They include chatter about artificial intelligence, conversational commerce and voice assistants such as Amazon's Alexa and Apple's Siri.
Bank Innovation
SEPTEMBER 5, 2017
Nasdaq, the digital stock exchange, will acquire cloud analytics platform eVestment to provide enhanced data-driven returns to institutional investors. Nasdaq announced today that it will pay $705 million to acquire the cloud database provider, using a mix of cash on hand and debt, the company announced today. The company will be using eVestment’s cloud technology […].
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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
Payments Dive
SEPTEMBER 5, 2017
Date: September 26, 2017 | Time: 11:00 AM EST | Duration: 1 Hour | Join our webinar to gain essential insights into issues from financial institutions and ATM deployers polled in Fiserv’s Global ATM Total Cost of Ownership survey.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Chris Skinner
SEPTEMBER 5, 2017
Things we’re reading today include … Shock stats show banks have sacked 28 people A DAY since 2009 Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal Bank of Scotland receives most complaints – again Has flood of Chinese money really dried up? China regulators target ‘systemic risk’ from money-market … The post Things worth reading: 5th September 2017 appeared first on Chris Skinner's blog.
Bank Innovation
SEPTEMBER 5, 2017
Swiss software company, Crealogix is acquiring the artificial intelligence (AI) technology of Koemei for an undisclosed amount. Koemei’s AI technology will enable Crealogix to automatically covert its audio and video content into text data for analytics and optimization, making it “easier to exploit multimedia content,” Crealogix said in Monday’s announcement.
PYMNTS
SEPTEMBER 5, 2017
Walmart is raising the bar on product delivery after two years of study on how goods flow from suppliers and retail distribution centers onto store shelves. According to an article published by Arkansas Online , findings unveiled that a four-day delivery window was actually 10 days long. The study also revealed products were rather inexact in their journeys: Some show up early, some arrived late and the whole supply chain suffered as a result.
Bank Innovation
SEPTEMBER 5, 2017
The advent of Venmo and now Zelle is having a huge impact on peer to peer payments mobile payments according to a recent study by eMarketer. The report, which was released late last week, shows an increase of 39.5% in P2P mobile payment users in 2017. The report suggests that by 2021 about 52.1% of […].
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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
SEPTEMBER 5, 2017
Top credit card companies are taking an early opportunity to ensure their corporate cards work with new smartwatches. Reports in Business Travel News said Friday (Aug. 31) that American Express, Mastercard and Visa have all enabled their commercial cards to work with Fitbit Ionic, a smartwatch launching in October, and Mastercard and Visa have enabled theirs for the Vioactive 3 smartwatch.
Bobsguide
SEPTEMBER 5, 2017
Claiming to be digital-first is universally challenging, particularly in financial services where only 9% claim to be, compared with 11% across all other sectors. One of the biggest barriers to this is that companies are unable to obtain a holistic view of their customers, meaning they are unable to.
PYMNTS
SEPTEMBER 5, 2017
The outlook for small- and medium-sized businesses in the U.S. remains steadily positive, with the latest employment figures showing strong jobs growth. But there is more to SMB success than employment data. A recent report from Paychex released last week found that there are a host of regulations that small business owners are keeping their eyes on as state- and local-level policymakers initiate change.
Let's Talk Payments
SEPTEMBER 5, 2017
India, the world’s fastest growing economy, is going through a bold transition. On November 8, 2016, the country set sail on a cashless journey on the back of a historic.
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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
SEPTEMBER 5, 2017
Marine Transport International, or MTI, is said to have completed a successful pilot of a supply chain automation solution that runs on blockchain. According to a news release issued late last week, Marine Transport International enables multiple parties in global trade — including supplier, shipper and customs authorities — to access real-time data about a shipment using blockchain.
Bobsguide
SEPTEMBER 5, 2017
As one all-time high in its value rapidly succeeds another, bitcoin’s rise in value has been nothing short of meteoric this year. On August 17, the digital currency charged past the $4,400 barrier, meaning that its total value went above that of payment giant PayPal. The currency.
PYMNTS
SEPTEMBER 5, 2017
Paris Hilton tweeted over the weekend that she is planning to participate in the upcoming LydianCoin initial coin offering. According to the Financial Times , Hilton tweeted on Sunday: “Looking forward to participating in the new @LydianCoinLtdToken! #ThisIsNotAnAd #CryptoCurrency #BitCoin #ETH#BlockChain”. LydianCoin is from a company called Gravity4 , an online advertising business claiming to be “the world’s first A.I. big data marketing cloud.
Payments Source
SEPTEMBER 5, 2017
It's a common lament that businesses cling to checks and other forms of paper-based transactions while consumer payments rush into a digital future.
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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.
PYMNTS
SEPTEMBER 5, 2017
With a growing number of automated machines performing jobs and tasks that could eliminate jobs, one San Francisco official is pushing a statewide “tax” in California on robots that put people out of work. The Associated Press reported that Jane Kim, the city supervisor who introduced the robot tax, says now is the time to think about how people will earn a living as more U.S. jobs are lost to automation.
Bobsguide
SEPTEMBER 5, 2017
Once considered too expensive for all but high performance/high value applications, in-memory computing (IMC) is now moving into the mainstream. Almost every organisation today has high performance application requirements and, according to Gartner, IMC technologies provide a cost-effective path to.
PYMNTS
SEPTEMBER 5, 2017
As Americans celebrate Labor Day, it’s a time to relax from work, lie by the pool and throw some burgers and chicken legs on the grill, all while wearing fashions that reflect those barbecue choices. Wait, what was that last part? Believe it or not, food is making its way further into fashion than ever before, with everything from pizza to tacos emblazoning purses, dresses, shirts and shoes.
BankNXT
SEPTEMBER 5, 2017
Alessandro Hatami on how smaller banks and financial institutions should engage with the digital revolution. Is fintech the enemy of smaller banks? on BankNXT.
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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.
PYMNTS
SEPTEMBER 5, 2017
In a series of corporate maneuvers designed to counter Amazon’s much-heralded move into the grocery arena, Kroger, the country’s biggest grocery chain, is looking to cut prices. The Wall Street Journal reported that Kroger, also the third-largest retailer in the United States, has been hit by negative sentiment over Amazon’s acquisition of Whole Foods.
Payments Source
SEPTEMBER 5, 2017
Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: China KFC intros "smile" pay; Nacha shifts execs; Paconiq moves to Amsterdam; Fiserv closes Monitise deal.
PYMNTS
SEPTEMBER 5, 2017
Alternative lenders entered the market, in large part, to position themselves against the big banks. In the U.K., AltFin promised faster, more convenient access to capital during a time when the rift between small businesses and banks was growing (and continues to grow ) thanks to claims of hidden, excessive fees and other factors. So it’s no surprise that the latest report from Hitachi Capital Invoice Finance, SME Attitudes to Borrowing , finds SMEs in the U.K. don’t trust the big banks.
Payments Source
SEPTEMBER 5, 2017
Phishing crooks are like security analysts with more weapons, creating a danger for payment and other companies, writes William MacArthur, threat researcher for RiskIQ.
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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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