Payments Dive

NOVEMBER 27, 2018

Data from Adobe Analytics shows mobile shopping reached new heights during a record Cyber Monday

Mobile 334

Mobile Analytics Data 334

Bank Innovation

NOVEMBER 27, 2018

The price of bitcoin took a plunge last week and over the weekend, and took other digital currencies down with it. Trading volume is down and cryptocurrency miners -- the outfits that solve complex equations to generate new digital coins -- aren’t mining with the same enthusiasm. Headlines have not been kind to crypto’s recent […].

cryptocurrency 170

cryptocurrency Bitcoin blockchain Innovation 170

Payments Dive

NOVEMBER 27, 2018

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.

Video 262

Video Fintech Mobile Payments 262

PYMNTS

NOVEMBER 27, 2018

Atiku Abubakar, a 2019 presidential candidate in Nigeria, said he will support cryptocurrency and blockchain if he becomes the country’s next leader, according to the Daily Post. The push is part of his “Get Nigeria Working Again” proposal. Abubakar, who is a former vice president, plans to use cryptocurrency to help speed up the economy in the country.

blockchain 193

blockchain cryptocurrency Bitcoin Ohio 193

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Chris Skinner

NOVEMBER 27, 2018

Things we’re reading today include … Which scientist should be on the £50 note: Hawking, Fleming, Turing … or Thatcher? Uber escapes major fine over a UK customer data leak as incident happened before GDPR IT failures at financial firms have more than doubled says FCA Goldman’s Malaysian woes deepen, … The post Things worth reading: 28th November 2018 appeared first on Chris Skinner's blog.

Data 165

Data 165

PYMNTS

NOVEMBER 27, 2018

Two researchers from Bloomsberg University of Pennsylvania are arguing that small businesses should not be held accountable to the same level as large corporations when hit by a cyber attack that exposes sensitive data. Reports in the Wall Street Journal on Sunday (November 25) said that researchers Loren F. Selznick, associate professor of business law and Carolyn Lamacchia, associate professor of information and technology management, argue that small businesses do not have the resources to re

Pennsylvania 188

Pennsylvania Training Data Resources 188

Bank Innovation

NOVEMBER 27, 2018

Open banking is on the march around the world, with or without the input of regulators. The promise of open banking is that customers will gain more control of their data in order to share it with third parties, and banks will gain new revenue streams as their services proliferate to more endpoints. Driven largely by […].

Regulation 150

Regulation Data Compliance Innovation 150

PYMNTS

NOVEMBER 27, 2018

Funding can often be a sign of confirmation for FinTech startups. For Modo , the company’s Series A round showed that there is an appetite for companies that give banks or large retailers the opportunity to compete on the basis of who they are and not necessarily give up part of their business models, according to Modo Chief Revenue Officer Brian Billingsley.

Fintech 166

Fintech Payments Texas Regional 166

Bobsguide

NOVEMBER 27, 2018

Legacy platforms will not hold incumbent banks back as the industry becomes more focused on big data possibilities, according to Dan Bolland, director of banking at KPMG. “I understand what they are saying but the reality is, in Ireland there are really two big players, in the UK there are.

Big Data 114

Big Data Data Industry 114

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

Lending

PYMNTS

NOVEMBER 27, 2018

Financial Services companies in the U.K. aren’t doing a good job keeping their IT systems up and running, with the Financial Conduct Authority (FCA) announcing financial services firms reported a 138 percent increase in tech outages during 2018. According to a report in the Financial Times , citing the FCA, there was an 18 percent rise in cyber attacks in the year to October, although the FCA thinks there is a lot of under-reporting going on, which would make the numbers conservative.

Survey 161

Survey Retail Report Technology 161

Bobsguide

NOVEMBER 27, 2018

The run up to the second Markets in Financial Instruments Directive (Mifid II), which came into force on January 3 this year, posed challenges for all involved. Market participants gawped at the new compliance requirements. The European Securities and Markets Authority (Esma) – the body.

Compliance 87

Compliance Security Marketing 87

PYMNTS

NOVEMBER 27, 2018

The metaphor has been repeated countless times: Small businesses (SMBs) are the backbone of the economy. So, access to capital isn’t just essential for these companies to survive — it’s critical for the economy to thrive. Yet, the small business lending gap remains. For banks, the reason often comes down to profits. According to Bill Phelan, president of small business credit rating firm PayNet , banks aren’t interested in making loans under $800,000, but most small businesses

Lending 159

Lending Fintech Capital Report 159

Payments Source

NOVEMBER 27, 2018

While apps are still a popular way for customers to order and pay, other options are up-and-coming because it’s a natural fit for restaurant patrons, many of whom are already heavy users of text, social media and voice technology.

Technology 79

Technology social media Mobile Google 79

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

Report

PYMNTS

NOVEMBER 27, 2018

Cyber Monday turned out to set a record, with sales expected to be $7.9 billion in the U.S. alone. Reuters , citing data from Adobe Analytics, which measures transactions from 80 of the leading 100 retailers in the U.S., reported sales picked up Monday night as shoppers on the West Coast scoured the internet for deals after work. In the late evening on Monday (November 26), Adobe announced Cyber Monday sales would be $100 million more than it forecast earlier in the day, reported Reuters.

Online 154

Online Analytics Retail Capital 154

ATM Marketplace

NOVEMBER 27, 2018

Previously a technology that solved cash supply chain management problems for a select few, retail cash capture has truly come of age, providing a cost efficient, one-size-fits-all solution that does not tie retailers and banks to a particular manufacturer, armored courier or cash processor.

Retail 78

Retail Management Technology 78

PYMNTS

NOVEMBER 27, 2018

For most people, parenting is an all-or-nothing endeavor, a constant mindset and lifestyle, the lens through which the rest of life is filtered, and a bond that can connect fathers and mothers across neighborhoods, states, time zones and countries (thanks in large part to the internet, of course). An IPO from an Alibaba -backed online platform is fueled by those connections, and also serves as an example of the rise of contextual commerce, even if that debut has not gone as expected.

social media 147

social media Retail Online Trends 147

Payments Source

NOVEMBER 27, 2018

Chinese payment companies have successfully lured merchants outside of China by enabling payments for Chinese tourists, a use case Tencent hopes will work in Japan, where rival Alipay lurks.

Payments 71

Payments Company Retail 71

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.

Lending

PYMNTS

NOVEMBER 27, 2018

A U.K. politician said Facebook was aware that Russian-linked organizations were harvesting data from the social media giant, since October 2014, according to Bloomberg. The Russian individuals reportedly utilized a feature that allowed advertisers to collect copious amounts of data. Facebook previously said it was unaware of the activity until after the 2016 election.

social media 144

social media Software California Data 144

Payments Source

NOVEMBER 27, 2018

A period of churn in Canadian airline loyalty is nearing an end as Air Canada moves ahead with a deal to take over its old loyalty program, Aeroplan, and keep its partner banks on board.

Cards 69

Cards 69

PYMNTS

NOVEMBER 27, 2018

It’s probably getting to the point that everyone who doesn’t have gig work — offering ride shares via personal vehicles, for instance, or doing other freelance jobs found via digital marketplaces — probably knows someone who does. After all, according to the PYMNTS/HyperWallet Gig Economy Index , 35 percent of today’s workforce participates in what we now call the gig economy.

Study 139

Study Trends Analysis Payments 139

Payments Source

NOVEMBER 27, 2018

The information you need to start your day, from PaymentsSource and around the Web. Today: U.K. pressures PayPal's iZettle deal; Australia's central bank sees a niche role for cash; Sydney expands transit technology; Monzo crowdfunds; Cyber Monday sets records.

Technology 69

Technology 69

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.

Lending

PYMNTS

NOVEMBER 27, 2018

Google is facing a privacy complaint filed by a group of European consumer watchdogs that contend the internet giant used manipulative tactics to track the locations of web users so that it could target ads to them. According to a report , the groups are filing the complaint under the European Union’s new GDPR rules, which recently came into law and enable regulators to fine companies for compliance breaches by as much as 4 percent of its annual turnover on a global basis.

Google 139

Google Groups Data Compliance 139

Payments Source

NOVEMBER 27, 2018

A 10-year exemption for banks offering estimated fees and exchange rates under the rule, instead of exact amounts, is set to expire in 2020. Lawmakers should consider a temporary extension.

Regulation 68

Regulation 68

PYMNTS

NOVEMBER 27, 2018

Australia-based challenger bank Judo Capital has raised more than $250 million from Credit Suisse Australia, according to reports. Business Insider Australia said Monday (November 26) that Credit Suisse has provided the credit facility worth AUS$350 million to fuel Judo’s small business lending operations. The investment follows a $104 million equity funding round from Ontario Pension Trust, Abu Dhabi Capital Group, Myer Family Investments and Credit Suisse Asset Management earlier this ye

Lending 134

Lending Capital Fintech National 134

Payments Source

NOVEMBER 27, 2018

The continued trend of “spear phishing” and “catfishing” only serves to highlight the complex work required to identify genuine from fraudulent, writes Steven Goddard, product manager for risk at The ai Corporation (ai).

Trends 68

Trends Payments Management Fraud 68

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.

Compliance