Payments Dive
MARCH 9, 2018
All the necessary software and hardware components together with the processes for the creation of the connected car pay at pump use case are currently available. The creation of a commercially viable, fully integrated solution is the next step and there are no technical or regulatory barriers to doing so.
Bank Innovation
MARCH 9, 2018
As if reports of Amazon’s bank hasn’t shaken up the financial industry enough, a new report by Bain & Company shows that the “Bank of Amazon” could amass more than 70 million customers within the next five years, directly rivaling Wells Fargo bank, which currently has about that number of customers. The reports lead authors.Read More.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Chris Skinner
MARCH 9, 2018
I’m having lots of discussions about tokenisation and cryptocurrencies, and it often boils down to hashing the data. Hashing data is taking the source information which may be your account details or card information and shortening it into a machine-readable link that doesn’t share the original data. It’s a little … The post Making a hash of it appeared first on Chris Skinner's blog.
Bank Innovation
MARCH 9, 2018
EXCLUSIVE - On March 6 in San Francisco, 12 impressive startups demoed their latest in fintech technology at INV Fitnech's 2nd annual demo day. INV Fintech, the sister accelerator to Bank Innovation, is partnered with Fiserv and eight banking partners with over $3 trillion dollars in assets. The startups were carefully scrutinized and selected from.Read More.
Advertisement
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
MARCH 9, 2018
Foreign exchange solutions company OANDA is enhancing its application programming interface (API) that opens up its foreign exchange (FX) technology to third-party apps. The company announced news on Thursday (March 8) that its Exchange Rates API has been updated to include real-time FX rates. According to OANDA, the API supports updates to FX rates every five seconds, enabling third-party developers to integrate this solution into their own mobile apps.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
MARCH 9, 2018
While the European Banking Authority has created a “roadmap” on how to regulate emerging FinTech services, the body is not keen on creating a unified approach to cryptocurrency regulation — at least not yet, Reuters reported. As new European Union rules are making it easier for startups to roll out services, such as payments, European Banking Authority Head Andrea Enria said his organization would look into the services provided by FinTech firms, “with a view to ensuring that similar services, e
Bank Innovation
MARCH 9, 2018
EXCLUSIVE—The growth of synthetic fraud, or the method by which fraudsters use a combination of real and false details to open malicious accounts, is slowing as lenders, issuers, and consumers all grow more attentive to cybersecurity methods, a study conducted by credit bureau TransUnion found. The study, released earlier this week, notes that the percentage.Read More.
PYMNTS
MARCH 9, 2018
It’s a tale as old as time, or at least as old as the internet. Retailers, both traditional and digital-first, must increasingly cater to customers on digital channels or risk losing business to bigger, more digitally accessible brands like Amazon. That gives a distinct advantage to players that built their business on an online platform compared to those that have been around for years, decades and even centuries and now must adjust to the changing world.
Bank Innovation
MARCH 9, 2018
Square added to its string of new features for its Cash app this week, adding a direct deposit option for paychecks. Square Cash has added multiple options for customers lately, including a much-lauded option to buy and sell bitcoin in a simplified form. Users don’t need to know, and seemingly aren’t able to find out,Read More.
Advertisement
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
MARCH 9, 2018
After reportedly turning down Kroger ’s $400 million acquisition offer, Boxed plans to seek a new funding round to stay private, Bloomberg reported. The board of Boxed voted to turn down the offer last week, according to a person close to the matter. While the wholesale startup had early talks with Amazon , Target and Costco , the source said that only Kroger offered a bid, and that Boxed has a valuation of $470 million.
Bank Innovation
MARCH 9, 2018
EXCLUSIVE – SME lender, BlueVine has come together with cross-border payments provider Veem in a move that is indicative of a likely trend where payments and lending companies come together. For Veem, the partnership will let the blockchain-based payments company allow its U.S.- clients to finance their payments and gain access to working capital for.Read More.
PYMNTS
MARCH 9, 2018
Even as a telecommunications conglomerate, it’s hardly surprising that Comcast is jumping into the world of blockchain. Via the firm’s Comcast Ventures, the company led a nearly $3.3 million funding round for blockchain startup Blockdaemon , solidifying Comcast’s presence in the distributed ledger scene. Gil Beyda, managing director of Comcast Ventures, is among the growing list of investors convinced that it is bitcoin’s underlying distributed ledger technology – not cry
Bobsguide
MARCH 9, 2018
If history has taught us anything, it's that nothing turns out the way it was thought it would: the Titanic never arrived, a certain president became president and the great warrior Attila the Hun died the glorious death of a nose bleed. The same too can be applied to financial.
Advertisement
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
MARCH 9, 2018
Stripe , the $9 billion payments processing startup, has acquired point-of-sale (POS) software developer Index. Index, which was backed by former Google CEO Eric Schmidt’s venture capital firm Innovation Endeavors, is well-known for its software for PIN pads that is able to read a chip card in under a second. According to Business Insider , Index’s software will be integrated with Stripe’s offerings, allowing customers’ physical and digital payments data to be stored in one pla
Payments Source
MARCH 9, 2018
With a foray into financial services, Amazon.com could disrupt the decades-old card payments system, a move that some say could save the retailer $250 million a year in swipe fees.
PYMNTS
MARCH 9, 2018
SWIFT has offered another update on its blockchain proof of concept (PoC), reiterating its potential to enrich transaction data, support real-time liquidity management and reconciliation and more. In an announcement on Thursday (March 8), SWIFT said its DLT (distributed ledger technology) PoC for Nostro reconciliation went “extremely well,” according to SWIFT Head of Research and Development Damien Vanderveken in a statement.
Payments Source
MARCH 9, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: The EU pushes for a common fintech market; CBA limits ATM deposits; Swift's distributed ledger proof of concept is mixed; PhonePe takes a shot at Paytm.
Advertisement
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
MARCH 9, 2018
Man’s best friend is getting the best treatment. From dog hotels to pet boutiques, consumers are treating their pets like a member of a family when it comes to lodging and entertainment. It would make sense, then, that dogs should get high-quality food that is not unlike what their dog parents would eat — and not some highly processed food from questionable sources with a few additives mixed in for good taste.
FICO
MARCH 9, 2018
Thoughts From Gartner’s Data and Analytics Summit. This week I was at Gartner’s Data and Analytics Summit in Grapevine Texas, with my FICO team. This is an event we never miss, it’s attended by thousands of experts, analysts, data scientists and analytics leaders. This year’s Summit was dominated by presentations and conversations about data, analytics, explainable artificial intelligence (AI), and machine learning; nearly every discussion came to the same point -- we want to use data and techno
PYMNTS
MARCH 9, 2018
Beleaguered toy retailer Toys R Us is in the midst of prepping plans to liquidate its U.S. operations, currently in bankruptcy, according to recent Bloomberg reports. The plans come as the company has yet — and the emphasis may be on “yet” — to find a buyer for those operations or finalize its debt restructuring plans. Toys R Us’ situation is in flux, but reports say liquidation seems a likelihood amid dashed hopes that a buyer will come to keep the (toy) trains running, so to speak, or
NCR
MARCH 9, 2018
Of the various trends and changes driving the financial services industry at the moment, one that has prompted a lot of discussion is the growing importance of collaboration between established financial institutions (FIs) and smaller, emerging service providers, most notably fintechs. While these parameters are likely to vary depending on the business and the project in question, there are some key characteristics established FIs will be looking for when considering a possible fintech collabora
Advertisement
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
MARCH 9, 2018
Some retailers say they don’t want to jump on the latest techy bandwagon just to jump on it. Others look for ways to make the bandwagon work for them. Virtual reality (VR) has been no different. While some see it as a fad or a gimmick, Barneys New York has become the latest to take the tech very, very seriously and turn it into a force for good. The luxury specialty retailer announced its spring campaign “Mantle” this week: a virtual reality experience with the Martha Graham Dance Company and Sa
Payments Source
MARCH 9, 2018
The venture capital firm Anthemis seeded 21 fintech startups in its first discretionary fund, which raised $106 million. It favors management teams made up of people from all walks of life who have fresh ideas about shaking up banking and insurance.
PYMNTS
MARCH 9, 2018
As regulators crack down on cryptocurrency exchanges, bitcoin slid again on Thursday (March 8) by 7 percent over a 24-hour period. Following a high earlier in the week, the cryptocurrency has tumbled more than 15 percent, CNBC reported. The popular virtual currency was trading at $9,336.92 as of 8:19 P.M., according to CoinDesk. That was down from a weekly high of $11,624 on Monday (March 5).
Payments Source
MARCH 9, 2018
Speaking at the Economic Club of New York in Manhattan, PayPal Chief Executive Officer Dan Schulman said cryptocurrencies have a very uncertain future.
Advertisement
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.
Expert insights. Personalized for you.
382 
Let's personalize your content