Chris Skinner
FEBRUARY 15, 2018
Someone made the comment on my platform piece about what happens when there are no Jack Ma’s or Mark Zuckerberg’s, as the whole thing is decentralised? I guess that this is logical as my last line was that government control of cryptocurrencies is “not so easy for cryptocurrencies that have … The post Regulating the cryptocurrency markets appeared first on Chris Skinner's blog.
Bank Innovation
FEBRUARY 15, 2018
Long live cash, at least according to European Central Bank executive board member Yves Mersch. In a speech hosted by Deutsche Bundesbank in Frankfurt, Germany, yesterday, Mersch noted that although cards and mobile payments are seeing plenty of proliferation across Europe, there is still no “viable alternative [to cash].” He said: Printed euro banknotes will […].
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Chris Skinner
FEBRUARY 15, 2018
Things we’re reading today include … Starling’s marketplace banking rollout adds pensions, savings, travel insurance and mortgages Amazon has partnered with Bank of America for its lending program The digital upstarts taking on Britain’s dominant few banks China’s HNA Group trims stake in Deutsche Bank Divorcing couples may clash over … The post Things worth reading: 16th February 2018 appeared first on Chris Skinner's blog.
Bank Innovation
FEBRUARY 15, 2018
EXCLUSIVE- Global technology company IBM is involved in more than 400 blockchain projects, according to its vice president of blockchain technologies, Gennaro “Jerry” Cuomo, who testified before Congress yesterday. That number doesn’t surprise IBM Director of Worldwide Payments, Rajesh Venkatraman, who told Bank Innovation, “most of our customers are in some shape or form exploring […].
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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
FEBRUARY 15, 2018
Visa's wearables initiative at the PyeongChang Games continued to illustrate how the card networks have acted more like technology companies than ever before as the payments industry continues to evolve.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
FEBRUARY 15, 2018
The conversation around B2B payments innovation and progress cannot be held without the banks. Sure, FinTechs are flocking to the industry to play their part in disruption, but traditional FIs have to be involved in addressing and solving the many, many points of friction that plague corporate payments today, from late invoice payments to clunky cross-border transactions.
Bank Innovation
FEBRUARY 15, 2018
Azlo, a digital banking startup geared towards freelancers and the self-employed, has formally launched in the U.S., the company announced today. The digital bank, which is backed and majority owned by Spanish bank Banco Bilbao Vizcaya Argentaria, or BBVA, will provide banking services to small businesses and other workers in the gig economy, who may […].
PYMNTS
FEBRUARY 15, 2018
Think small, goes the saying, to effect big change. For community banks serving small- to mid-sized businesses (SMBs), training an eye on credit cards can translate into additional revenue streams and tap into an unmet need for those SMBs. There’s a lot of runway here. As noted in a whitepaper commissioned by ICBA Bancard and Visa, surveying more than 3,400 SMBs, A.T.
Bank Innovation
FEBRUARY 15, 2018
Cryptocurrency exchange Coinbase is adding Coinbase Commerce, a tool that will allow merchants to accept payments in virtual currencies like bitcoin, Bitcoin Cash, and ether, the company announced yesterday in a blog post. Coinbase Commerce can be plugged directly into a merchant’s checkout flow, or easily added as a payment option, the exchange stated.
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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
FEBRUARY 15, 2018
One of the newest technologies in FinTech is coming to one of the oldest American outdoor gear brands. Now arriving at L.L. Bean ? The blockchain. Through a pilot this year, the retailer plans to design coats and boots with sensors which will interface with an ethereum-based platform. A New York company, Loomia , will make the circuits for the items — and hardware that utilizes near-field communication (NFC) technology to collect data.
Bank Innovation
FEBRUARY 15, 2018
First stop – Ireland. The British challenger bank Monzo received approval from Bank of England’s Prudential Regulation Authority (PRA) to launch in the neighboring country of Ireland through a passporting license, thus kick starting Monzo’s international expansion plans. Following its launch in Ireland, it will gradually launch in other countries in Europe this year through. […].
PYMNTS
FEBRUARY 15, 2018
Headquartered in Westborough, Massachusetts, BJ’s Wholesale Club doesn’t always attract the same level of interest as its larger counterparts at Costco or Sam’s Club — mostly because those competitors are much larger. With around 210 locations nationwide, BJ’s is less than half their size. But the wholesale chain has a long commitment to punching above its weight class and has viewed an expansion into digital channels as something of a field leveler.
Insights on Business
FEBRUARY 15, 2018
The financial services industry is at a crossroads. Faced with massively escalating data volumes, exponentially growing regulatory requirements, legacy risk and IT systems that just aren’t up to the new reality and increasing market pressure to improve performance, something has to change. Firms can’t continue down the path of non-stop hiring that they’ve traditionally taken, just trying to plug the gaps.
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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
FEBRUARY 15, 2018
Entrepreneurial and small travel management firms face a few key points of friction when it comes to payments: the volume of transactions they have to manage and the cost of accepting payments. According to Johannes Koeppel, CEO and co-founder of travel payments company WeTravel , those huge hurdles place a heavy burden on these small firms’ ability to manage cash and, frankly, to operate.
Bobsguide
FEBRUARY 15, 2018
bobsguide brings you some of the asset management solutions to look out for this year. 1. FinchTech is a white label platform from TAM Asset Management. It’s a non-advised digital asset management system, designed to engage dormant clients lost to the Retail Distribution Review, while.
PYMNTS
FEBRUARY 15, 2018
U.S. Bank was slapped with a $185 million civil penalty for what the Financial Crimes Enforcement Network (FinCEN), in coordination with the Office of the Comptroller of the Currency (OCC) and the U.S. Department of Justice (DOJ), said were violations of the Bank Secrecy Act. According to a press release, FinCEN said the obligation will be satisfied by a $70 million payment from U.S.
Payments Source
FEBRUARY 15, 2018
The cashless society is no longer just a feast for the 527 million Chinese mobile payment users, but to anyone with a solid digital footprint, according to Franklin Chu, managing director for Azoya USA.
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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
FEBRUARY 15, 2018
Commercial credit risk solutions provider Credit2B is rolling out a portal for trade credit suppliers to share and access information about B2B payment experiences in real time. The company said Wednesday (Feb. 14) that it has launched the Credit2B Global Platform, which aggregates data of 250 million businesses across 225 countries, enabling suppliers to access key information about payment experiences, receivables metrics and trade references to analyze trade credit risk.
Payments Source
FEBRUARY 15, 2018
It’s critical that retailers tailor their marketing campaigns to the evolving shopping behaviors of consumers, including catering to their tendency to wait until the last minute, writes Dani Cushion, chief marketing officer at Cardlytics.
PYMNTS
FEBRUARY 15, 2018
In WeWork ’s first fashion partnership, J.Crew will host a panel discussion series and sell items from its spring collection at several of the co-working company’s locations across the U.S. The talks — and the retail offerings — will come to WeWork spaces in New York, San Francisco, Atlanta and Philadelphia, Glossy reported. As part of the program, the WeWork locations will house pop-up shops that will sell items from J.Crew’s spring collection and offer discounts to WeWork members.
Payments Source
FEBRUARY 15, 2018
Grocery has been in Amazon’s sites for years. It’s very appealing because shopping volume and frequency is high, but the margins are low, and the logistics are difficult because of spoilage, writes Tom Caporaso, CEO of Clarus Commerce.
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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
FEBRUARY 15, 2018
Amazon gears up on Thursday (Feb. 15) to roll out the largest overhaul of its Alexa Skills Kit Developer Console since it launched in 2015. According to news from TechCrunch , the new console is being rebuilt to improve developers’ workflow by offering separate sections for developers to build, test a skill, launch it and then measure its response.
Payments Source
FEBRUARY 15, 2018
R&D capabilities at Interac got a boost last month when Interac Corp. was created by merging Interac Association and Acxys Corp. It brought together a payments network handling nearly 5.7 billion debit transactions annually with a company specializing in payments development, management and consultation.
PYMNTS
FEBRUARY 15, 2018
In the fight to compete against banks and other financial institutions (FIs), credit unions (CUs) and service providers are turning to new technology and data-driven solutions to better support their members. In the pages of the latest Credit Union Tracker , PYMNTS explores the latest headlines, news and trends surrounding data developments in the credit union space. .
Payments Source
FEBRUARY 15, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Bitcoin power drain; Cryptoart makes a sale; U.K. wants to take fintech sandbox international; Toll tech extends to gas stations and car washes.
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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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