Chris Skinner
JULY 13, 2018
Welcome to The Finanser, the portal to the knowledge base of the Financial Services Club, chaired by Chris Skinner. To make an enquiry about a speaking engagement, just contact us and, if you are interested in Chris Skinner as a speaker, here’s an illustration of his keynote presentations … Chris Skinner is … The post Welcome to The Finanser by Chris Skinner appeared first on Chris Skinner's blog.
Bank Innovation
JULY 13, 2018
JPMorgan Chase & Co. reported a double-digit percentage rise in active digital users and active mobile users this quarter, according to the 2Q’18 earnings call today. The bank’s digital to mobile penetration rate, however, is not as impressive. For instance, take a look at the bank’s active digital users, which at 47,952 this quarter showed […].
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Payments Dive
JULY 13, 2018
The Mobile Payments Today Podcast offers a view into the hot topics affecting the continuing evolution of payments technology worldwide. The podcast features interviews with movers and shakers as well as news related to banking, blockchain, retail, restaurants, and self-service.
PYMNTS
JULY 13, 2018
Women’s relationship with money in the United States has been something of an evolving area in the 242 years since Thomas Jefferson declared America’s independence with the phrase “all men are created equal.”. In those days, women could not control bank accounts, own land, write wills or checks, or inherit property of their own except by special dispensation from a magistrate.
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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
JULY 13, 2018
The Mobile Payments Today Podcast offers a view into the hot topics affecting the continuing evolution of payments technology worldwide. The podcast features interviews with movers and shakers as well as news related to banking, blockchain, retail, restaurants, and self-service.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bobsguide
JULY 13, 2018
Over the last century computers have sped up exponentially, according to Moore’s law, whilst their production costs have halved every 18 months. That pace is increasing even more with quantum computers that are already running at 50 qubits. By comparison, a 100 qubit computer could.
PYMNTS
JULY 13, 2018
The pace of payments is getting faster — because the demand and expectations are on the rise. Gig workers and those living paycheck to paycheck need access to their funds, SMBs can’t grow without them and, all around the world, governments are hearing the call and pushing to ramp up the pace. With billions of connected devices flooding the market, the pace of change is only getting faster.
Payments Source
JULY 13, 2018
Mastercard has become the latest major card network to suffer a high profile crash. With its Thursday incident coming hard on the heels of Visa’s crash last month many experts wonder if blockchain technology could prevent future card network outages.
PYMNTS
JULY 13, 2018
The popularity of mobile commerce in Africa is a well-known — and ongoing — story. Now, global health experts are paying more attention to the prospect of using mobile payments , perhaps bundled with insurance services, to make it easier for people to get well. Africa has relatively low rates of health insurance , and the amount spent on healthcare in the continent is also low.
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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
SWBC's LenderHub
JULY 13, 2018
Collections plays a critical a role in your institution’s financial health. Limited resources, personnel, and time are common denominators for many collections departments. I've worked with financial institutions to streamline their collections operations for years, and we typically see operations afflicted with the same challenges and obstacles. As the economy and consumer sentiment continue to improve, financial institutions can expect to see lending increase.
PYMNTS
JULY 13, 2018
Call center service providers are increasingly automating their processes to speed up their payments acceptance, while reducing associated costs. Debt collection agencies, for one, increased their use of interactive voice response (IVR) by 8 percent over the last year. However, as call centers are upping their use of automation technology, fraudsters are finding new ways to penetrate it.
Payments Source
JULY 13, 2018
The Canadian government is consulting with the country’s banking industry on opening up Canada’s payments infrastructure to non-bank payment service providers (PSPs) and fintechs, in a far-reaching move to spur innovation and competition.
PYMNTS
JULY 13, 2018
The Federal Trade Commission testified on Thursday (July 12) that enforcement of the Fair Credit Reporting Act (FCRA) remains a top priority. “FCRA enforcement continues to be a top priority for the Commission. With the advent in 2011 of the Bureau’s supervisory authority over the nationwide credit bureaus and the coordination efforts between the agencies, the FTC has focused its FCRA law enforcement efforts on other entities in the credit reporting area and other aspects of the consumer reporti
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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.
ATM Marketplace
JULY 13, 2018
Interest rates have risen twice this year, and the Federal Reserve sees five more rate hikes on the horizon by the end of 2019. This means effective ATM management is more important than ever to ensure profit maximization.
PYMNTS
JULY 13, 2018
Welcome to The Axis, your late look at payments news from around the world. Coverage includes SIX Payment Services ’ and Mastercard ’s rollout of cashless payments at a renovated stadium in Austria. In addition, the Monterrey Digital Hub in Mexico has opened, and PT NFC Indonesia has held an initial public offering (IPO). SIX Payment Services and Mastercard have teamed up to make Austria’s renovated Generali Arena a completely cashless environment, SIX said in an announcement.
Payments Source
JULY 13, 2018
Attempts to legislate or regulate innovative payments treat consumers, who have affirmatively selected to use prepaid accounts or some other emerging access device to access their money, much differently than consumers who have decided to open a traditional bank account with an associated debit card, writes Brian Tate, president and CEO of the NBPCA.
PYMNTS
JULY 13, 2018
To help bolster the guest experience, Chick-fil-A is testing out an electronic butler bell dubbed the Kallpod. With the device, customers can call for a staff member who will receive an alert on his or her smartwatch to help them with a question, place a second order or find a manager, CNBC reported. The device comes to the chain after Joseph DeCola, a Houston franchise owner, spotted one while on vacation in Hawaii.
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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
JULY 13, 2018
The department of Transport for the West Midlands is looking at how to provide a smart ticketing system to ensure that contactless card users get the best rate on a journey.
PYMNTS
JULY 13, 2018
To attract younger diners, Pizza Hut has a new strategy: The quick-service restaurant (QSR) chain has partnered with the NCAA to seek an audience of 21-year-olds, and has also brought beer delivery into its lineup. The idea is to reach consumers in segments such as Gen Z, Bloomberg reported. “Here’s our opportunity to get re-engaged at a college level,” Chief Brand Officer Marianne Radley told Bloomberg.
Payments Source
JULY 13, 2018
The Prime Day event is also a chance for Amazon to showcase a new range of devices and payment options — and to sell those devices at a discount to get them into more people's homes.
PYMNTS
JULY 13, 2018
Walmart has opened another convenience store, this time launching a Walmart Fuel Station in Plano, Texas. “It is another way Walmart is offering our customers choice and convenience that save them time,” wrote Walmart spokesperson Anne Hatfield in an email to Retail Dive. The 2,900-square-foot, brand-new location features eight fuel pumps and a store with grab-and-go deli items, pizza by the slice, roller dogs, other hot foods, a wall of cold beverages and a walk-in beer cooler, she
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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.
Payments Source
JULY 13, 2018
The information you need to start your day, from PaymentsSource and around the Web. Nike opens high-tech store; Milan airport deploys contactless payments; Japanese e-payment startup Paidy attracts investors; ICOs perform poorly.
PYMNTS
JULY 13, 2018
Nearly everyone carries a mobile phone , the absence of which can produce a sharp sensation of dread and perhaps even spark panic. A growing number of companies are coming to understand how consumers’ granular-level data can lead to a host of revenue-enhancing opportunities, and set a path for customer acquisition and product improvement. How and why to operate in that sweet spot — that potentially lucrative position between ubiquity and the voracious consumption of data — is the subject of the
ATM Marketplace
JULY 13, 2018
Millennials — the "experiential" generation — have been steering away from large, corporate brands and toward smaller, less well-known companies that reflect their values. This "reverse branding" trend presents three distinct opportunities for ATM operators.
PYMNTS
JULY 13, 2018
Wells Fargo , which is working to recover from a series of regulatory scandals that have impacted trust with customers, reported lower than expected earnings and revenue during the second quarter, as mortgage banking income and other sectors showed softness. . Wells Fargo officials are working to transform the bank digitally and continue overall cost reductions as it works to regain trust of customers and faces emerging headwinds that are impacting the larger economic picture.
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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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