Bank Innovation
DECEMBER 26, 2018
This year the financial services industry saw a lot of fintech M&A activity. Here are five deals, in no particular order, that Bank Innovation's editors think will most significantly impact the landscape in 2019. PayPal Acquires iZettle Payments giant PayPal inked its largest deal ever this summer, acquiring Swedish company iZettle for $2.2 billion. iZettle is […].
Payments Dive
DECEMBER 26, 2018
This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.
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PYMNTS
DECEMBER 26, 2018
Google Payment Lithuania, a unit of Alphabet’s Google, was granted an electronic money institution license by The Board of the Bank of Lithuania. Finextra , citing Google, reported that with the license Google can issue and redeem electronic money and provide payment services. “The end of this year reflects our efforts and experience of the past few years in actively developing a FinTech-conducive ecosystem in Lithuania.
Payments Dive
DECEMBER 26, 2018
This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.
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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
DECEMBER 26, 2018
Uber, gearing up to launch an initial public offering (IPO) in the first quarter of 2019, is offering to settle with drivers who have been fighting the ride-hailing company via individual arbitration. According to a report in TechCrunch , citing law firm Lichten & Liss-Riordan, Uber has as part of the settlement tentatively offered to pay 11 cents for each mile Uber drivers drove.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
DECEMBER 26, 2018
Blockchain seemed to be stuck in pilot phase in 2017, but in 2018, the financial services industry finally saw a stronger flow of real-world, working blockchain applications — many of which targeted pain points in B2B payments, including the time and lack of transparency in cross-border transactions. Industry heavyweights like Mastercard and American Express have taken steps in recent months to explore the use of blockchain in commercial payments.
Payments Source
DECEMBER 26, 2018
Even the best technologies take time, making it necessary to rein in expectations about what will happen and won't happen in the coming year.
PYMNTS
DECEMBER 26, 2018
Will the New Year bring an increase in cyberattacks? According to one security expert, the answer is, unfortunately, yes. According to Robert Ackerman, Jr., founder and managing director of cybersecurity venture firm AllegisCyber , and co-founder of DataTribe , a cybersecurity startup in Washington, D.C., companies should expect to see a rise in breaches in 2019, “as chronically improving malware will be deployed more aggressively on more fronts.” Those cyberattacks cost companies i
Payments Source
DECEMBER 26, 2018
Younger consumers today have a very different view of, and utility for, general purpose bank and private label retail credit cards when compared to older generations.
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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
DECEMBER 26, 2018
The government of India is reportedly considering the legalization of digital currencies, with some restrictions, per CoinDesk. According to reports, an unnamed senior official, who was reportedly present for the meetings of an interdisciplinary committee, said, “There is a general consensus that cryptocurrency cannot be dismissed as completely illegal.
Payments Source
DECEMBER 26, 2018
On the surface, Ant Financial's reported discussions to acquire U.K.-based WorldFirst demonstrate a savvy business move to establish itself beyond the substantial market it controls in China. It also shows how far the Chinese payments giant is willing to go to resist the headwinds of U.S. policy.
PYMNTS
DECEMBER 26, 2018
To let shoppers discover and try out new products, payment companies are helping merchants launch augmented reality (AR) experiences within social media platforms. Pan-African payments firm Cellulant , for instance, created an AR experience in Facebook Messenger. The firm chose a Kenyan brand, Huddah Cosmetics , as the first social commerce merchant on its Mula service to roll out the platform.
Payments Source
DECEMBER 26, 2018
The information you need to start your day, from PaymentsSource and around the Web: credit cards fund gun violence; the government shutdown and payments; mobile wallet for bus fares; and more.
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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
DECEMBER 26, 2018
Artificial intelligence (AI) in the healthcare market is expected to grow to $36.1 billion by 2025. The “Artificial Intelligence in Healthcare Market by Offering, Technology, End-Use Application, End User And Geography — Global Forecast to 2025″ report revealed that AI utilized in healthcare will grow at a compound annual growth rate (CAGR) of 50.2 percent during the forecast period. “Machine learning’s [ML’s] ability to collect and handle Big Data — and increasing
Payments Source
DECEMBER 26, 2018
More traditional players interested in creating a safer market for digital assets have issued a checklist that cryptocurrency firms can follow to build confidence among banks, consumers and regulators.
PYMNTS
DECEMBER 26, 2018
Open banking didn’t just kick off via PSD2 regulations across Europe and the U.K. Rather, banks around the globe began to understand the potential value in opening up customer data to third-party players, and with more bank APIs emerging in 2018, the year saw a surge in data sharing. It’s not a trend reserved for consumers, either. As PYMNTS looks back at the biggest stories of 2018, open banking and APIs became a central focus of the payments and financial services industry in areas
Payments Source
DECEMBER 26, 2018
Amazon.com Inc. reported a record-breaking holiday season as shoppers loaded their online baskets with items from Echo speakers to Calvin Klein clothes, suggesting consumer optimism isn’t being deterred by a tumbling stock market.
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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
DECEMBER 26, 2018
The coming year will bring not only advances in the connected vehicle ecosystem — changes that will directly involve payments and commerce — but further developments in how consumers share and buy cars. And as that happens, the worlds of auto finance and insurance will likely undergo shifts as the rest of the industry changes. Payments in 2019 will drive much of the innovation the automotive world.
CFPB Monitor
DECEMBER 26, 2018
As we reported , the Department of Education announced earlier this month that it would begin implementing its “borrower defense” final rule which was issued in November 2016 by providing discharges of federal student loans made to any borrower s who, in addition to other conditions, could not complete his or her program of study because the borrower’s school closed.
PYMNTS
DECEMBER 26, 2018
U.S. banks are keeping their distance from money transmitters sending cash to Mexico, as worries about money laundering and increased regulatory scrutiny ensue. According to a report in The New York Times , while Mexico is the largest destination for money transfers from the U.S., banks no longer view it as an opportunity. That’s even with The New York Times , citing the World Bank, reporting around $24.3 billion was sent from the U.S. in 2017, accounting for almost all the cross-border money t
ATM Marketplace
DECEMBER 26, 2018
This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.
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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
DECEMBER 26, 2018
Hi everyone! Astrologists say that people born on Mondays have the psychic ability to understand others — making them better able to see what’s next. Executive coaches say Monday is the most productive day of the week, since it represents a fresh start and an opportunity to set and achieve new goals. Scientists have offered seven reasons why the “Monday Blues” might be a real thing — using data to back up the belief held by many that Monday is the most dreaded day of the week.
ATM Marketplace
DECEMBER 26, 2018
This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.
PYMNTS
DECEMBER 26, 2018
The Federal Bureau of Investigation (FBI) is warning about a new form of fraud that targets companies, schools and nonprofits around the United States. According to the Associated Press , “money mules” are individuals who (often) unknowingly use their bank accounts to transfer funds for criminals. The FBI is especially concerned about the people who become involved in international money laundering schemes that result in large economic losses.
The Emmerich Group
DECEMBER 26, 2018
I believe most people really want to do a good job. In this session, I’m going to show you how to take your “ok” performers and help them focus on what matters so they can create far better sales results than they ever dreamed possible. If you’re the kind of leader: Who has great. Continue Reading.
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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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