Bank Innovation
MARCH 13, 2018
Nordea Bank today announced it is rolling out contactless payment options for its customers in Sweden, Denmark and Finland, thus becoming the first major Nordic bank to offer payments on both major wearables players Garmin and Fitbit. The move comes as a part of the bank’s updated Nordea Wallet offering, enabling users quick and on-the-go.Read More.
Payments Dive
MARCH 13, 2018
Go isn't necessarily a new concept, but Amazon's take on cashierless shopping brings with it questions about the future of retail, and changes the way we as consumers buy goods.
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Bank Innovation
MARCH 13, 2018
Rideshare company Grab, a rival of Uber based in Southeast Asia, is moving into financial services, aiming to serve those customers that might be underserved by traditional institutions in the region, company co-founder Anthony Tan announced today. Tan made the announcement at Money 20/20 Asia, which kicked off today in Singapore. Grab will offer loans.Read More.
Chris Skinner
MARCH 13, 2018
I’ve written a lot about Alibaba, Ant Financial and Alipay. This is not because I endorse or want to advertise the company, but because they are the first company to have embarked on a global financial inclusion strategy and have been marking it happen. Ant Financial is now some of … The post WeChat: the real Beast from the East appeared first on Chris Skinner's blog.
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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
MARCH 13, 2018
EXCLUSIVE - Before social media platform Facebook became a popular channel for digital banks to offer banking features to its customers, let’s not forget that FB was first and foremost an important advertising tool for banks to reach a younger audience. Take British challenger bank Starling Bank, for example. According to numbers released by Facebook for.Read More.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
MARCH 13, 2018
EXCLUSIVE – American Express will be investing in its networks as one of its four major strategic priorities for 2018 as a way for the credit card company to adapt to the growing prominence of digital payments. “As the payments industry continues to evolve with more types of transactions being processed electronically such as cross.Read More.
Payments Dive
MARCH 13, 2018
This market report gives an overview of the mobile landscape in the largest countries of Central & Eastern Europe (CEE): Russia, Ukraine, Poland, Romania, Czech Republic, Hungary, Azerbaijan, Belarus, Bulgaria and Serbia.
Bank Innovation
MARCH 13, 2018
EXCLUSIVE— The new chief information officer for SunTrust will focus on expanding partnerships, client experiences, and moving forward with the bank’s digital roadmap, Scott Case, now the bank’s CIO, told Bank Innovation. In practice, that means focusing more on the bank’s mobile offerings, growing LightStream (the bank’s online lending platform), and building out its tech.Read More.
PYMNTS
MARCH 13, 2018
Ripple , the blockchain payments company, is gearing up to invest in startups and technology firms that create more uses for its cryptocurrency XRP. In an interview with TechCrunch on the sidelines of Money2020, the payments conference currently being held in Singapore, Brad Garlinghouse, CEO of Ripple, said the company is focused on enabling banks to use its blockchain software offering, while also looking to invest in startups that could provide alternative uses for XRP.
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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
Bobsguide
MARCH 13, 2018
bobsguide spoke to Neil Haskins, Director of IOActive’s advisory services in EMEA and Middle East. With over 27 years worth of industry experience, Neil was delighted to talk reporter Dave Beach, through a simulation of a hack on a model Tier One Bank. Imagine you are a bad actor. Give us.
PYMNTS
MARCH 13, 2018
Those hungry for takeout in many cities can choose from a variety of restaurant delivery services. But that’s not the case for some cities, such as Youngstown, Ohio. The on-demand economy hasn’t yet taken off in Youngstown, according to Grubdom Founder Jay White, who hopes to change that with a website and forthcoming mobile app that will allow local diners to order grub from local restaurants.
Insights on Business
MARCH 13, 2018
Regulatory pressure, in terms of policy changes and increased scrutiny, is forcing banks to seek technological changes and advancements to meet evolving regulatory and compliance requirements. This is resulting in financial institutions spending heavily on KYC, AML and surveillance solutions. IBM is committed to bring the newest and best advances in technology to tackle these challenges.
PYMNTS
MARCH 13, 2018
Smart payments and integrated commerce firm i2c said Tuesday that it is opening an operations center in Omaha, Nebraska. That center will be operational during the second quarter of this year. The Omaha location will be used, the company said in a release Tuesday , to expand the account management, operations and client services divisions, and will also be the setting of a network operations center.
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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.
Bobsguide
MARCH 13, 2018
Once considered simply a conduit between the front and back office, the middle office is playing a more active part in the investment process for buy-side firms. New regulatory mandates require support for collateral management, risk reporting and commission unbundling. Expansion into new.
PYMNTS
MARCH 13, 2018
Today in PYMNTS data, Karen Webster discusses Amazon’s impact on consumers and grocery shopping as a whole. “The gulf between what consumers want and what grocery stores today deliver as consumers move regularly between the online and offline worlds is pretty big,” Webster noted. “On a scale of zero to 100, where zero is, well, zero, and 100 is a perfect score, grocery stores scored a pretty lousy 30, based on consumer responses and a statistical analysis of store features and functionality.”.
Payments Source
MARCH 13, 2018
As the names pile up — Equifax, Target, Home Depot, TJ Maxx, etc. — there's one thing all of these brands have in common. They all disclosed a major data security breach, and they all remain in business despite what happened.
PYMNTS
MARCH 13, 2018
In the developed world of workers in the United States and Europe, the ability to be paid in cryptocurrency probably would not add all that much to their daily life. It’s novel, of course – and the “ain’t it cool” factor might prompt some people to give it a try. And, of course, there are true bitcoin believers in every nation who want all their earnings, savings and investments in crypto form.
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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
MARCH 13, 2018
The fridge, car, home assistant, smart watch, etc., will be able to initiate digital payments both online and on-location, and some will even be able to accept payment as well, and payment companies will need to respond, according to Michel Léger, executive vice president of innovation at Ingenico Group.
PYMNTS
MARCH 13, 2018
First Data subsidiary Money Network Financial will continue to work with MetaBank , as the two announced an extension of their existing partnership this week. A press release on Monday (March 12) said MetaBank extended its agreement with Money Network by 10 years, a deal that sees Money Network providing various payment solutions to the financial institution.
Payments Source
MARCH 13, 2018
To detect and combat transaction laundering — the practice of hiding illegal activity behind a business that appears legitimate — American Express' investment group took a minority equity stake in EverCompliant.
PYMNTS
MARCH 13, 2018
Forty percent of audits inspected by the International Forum of Independent Audit Regulators (IFIAR) included serious problems, according to news from The Financial Times on Monday (March 12). The IFIAR found accounting lapses in about 40 percent of the 918 audits of public companies inspected in 2017. The inspections targeted businesses with complex accounting needs or those with risky situations, like merger and acquisition activity.
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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.
Cisco
MARCH 13, 2018
It’s that time of the year again. The annual month where suddenly everyone is a college basketball expert; March Madness. This past weekend, I found myself glued to my television.
PYMNTS
MARCH 13, 2018
New analyst estimates say the cost of Brexit without a negotiated trade deal will cost businesses on both sides of negotiations billions of dollars. According to news from The Independent on Monday (March 12), a “no-deal Brexit” would cost both U.K. and European Union (EU) businesses a combined $80 billion, according to calculations by Clifford Chance.
Payments Source
MARCH 13, 2018
To see significant growth in NFC payments in the U.S. a movement to standardize terminals across merchants would be necessary, coupled with a willingness from consumers to test, trust and use the technology, writes Beatta McInerney, business development manager for payments at ScanSource.
PYMNTS
MARCH 13, 2018
PayPal is the latest quarterly category coming to Chase Freedom cardholders. The new PayPal addition will be paired with the return of two “customer favorite” quarterly savings categories, Chase Pay and grocery stores from April 2018 through June 2018. The latest integration, according to a press release from Chase, is the latest iteration of efforts the firms are making through their partnership to bring new benefits to customers.
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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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