Bank Innovation
AUGUST 16, 2017
Toronto is becoming quite the hub for Canadian fintech, and with its new focus on blockchain, voice technology, and mobile, TD Bank is not letting itself fade into the background of that innovation. “We’re in the middle of a revolution where technology in the hands of users is empowering them and really exceeding expectations,” Rizwan […].
Abrigo
AUGUST 16, 2017
A recent Sageworks whitepaper addresses how banks and credit unions can leverage digital channels to grow the loan portfolio and remain competitive with the emerging trend of alt-lenders in the small business lending space. The banking industry has historically been able to play defense against newcomers because of regulatory and legal barriers to market entry.
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Bank Innovation
AUGUST 16, 2017
Mobile and electronics company, Samsung and Bank of America will start working with a focus group over the next six months, as they pilot the iris authentication scan that will allow customers to log into their bank accounts on their mobiles by taking a picture of their eye. The focus group consists of 1, 5000 […].
PYMNTS
AUGUST 16, 2017
There are rarely second acts in retail — particularly once bankruptcy is in play — but, every so often, the unexpected happens. Last week, footwear retail company Payless ShoeSource was one of those unexpected stories, a company pulled into the bankruptcy whirlpool but getting plucked out before being sucked all the way down to the bottom. Payless managed to emerge from bankruptcy court protection a week ago, after sloughing off $435 million in debt and closing the curtains on 673 stores.
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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
AUGUST 16, 2017
Ready for two days of fintech? Good, because registration for Bank Innovation 2018 is now open. Join fellow fintech innovators in San Francisco on March 5-6 for two days of inspired panels, startup demos, entrepreneurship, and the best conversations in fintech. Topics this year will include the future of banking, the next generation of mobile […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
AUGUST 16, 2017
Is sustainable investing just a millennial gimmick, or a valuable new model for investment? With its Redwood Fund, the new banking service Aspiration is betting on the latter. Aspiration, which calls itself a “socially conscious” banking service, tailors its products to the more discerning eye of millennial consumers, who may watch which companies are receiving […].
PYMNTS
AUGUST 16, 2017
Finding a bargain in your favorite department store is always a thrill. Digging through the racks in the back of the store just to find that they have something in your size or something that fits in just the right spot in your home has become something of a way of life for Americans, especially after the 2008 recession hit. As a result, stores like T.J.
Bank Innovation
AUGUST 16, 2017
Small business lender BlueVine is on track for originating its target of $500 million by end of 2017. It might even exceed that number. “Our goal is to fund approximately $500 million this year and we are already past that rate on a monthly basis. We feel very confident on meeting our annual goal,” Eyal Lifshitz, […].
PYMNTS
AUGUST 16, 2017
Alipay, the Chinese digital payment arm of Alibaba, announced news that it has teamed up with online review website Yelp to bring Yelp’s local content to millions of Chinese travelers directly within Alipay’s mobile lifestyle and payment app. In a press release, Alipay said that with the beta launch, any of Alipay’s more than 520 million users visiting North American cities, such as New York City, Los Angeles, Las Vegas and San Francisco, can now easily discover, plan, make reservations, share
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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
Bank Innovation
AUGUST 16, 2017
Options, a provider of cloud-enabled managed services to the global capital markets, today announced a $100 million investment from New York private equity firm Bregal Sagemount. The London- based Options said it will use the funds to seek strategic growth initiatives, invest in platform innovations, and expand its reach in key financial centers across the […].
PYMNTS
AUGUST 16, 2017
After a few quarters that would charitably be described as rough sailing, the team at Target had some positive signs of progress to announce with its latest earnings reports. Sales during Q2 managed to come in ahead of analyst estimates, and the retailer boosted its earnings forecast for the rest of 2017. Investors liked the sound of that and sent Target’s share up 4.9 percent on the news.
Bank Innovation
AUGUST 16, 2017
Fintech TransferWise is moving forward with its plan to reach neobank status, by rolling out its Borderless service to more countries. Borderless accounts for freelancers and SMBs are now available for Canadian customers, the U.K.-based fintech announced today. The Borderless service, which was first introduced in May, allows businesses to receive payments and transactions like […].
PYMNTS
AUGUST 16, 2017
More human and less robotic is the sound of the beating retail drum this year. As cognitive-enabled chatbots have worked their way into everyday shopping purchases, the days where consumers interacted with automated and robotic-sounding customer service systems may soon become a thing of the past. This year, we’ve seen the chatbot arena continue to expand apps, like Facebook Messenger, which sees over 100,000 from a variety of businesses.
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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.
FICO
AUGUST 16, 2017
To commemorate the silver jubilee of FICO’s use of artificial intelligence and machine learning , we asked FICO employees a question: What does the future of AI look like? The post below is one of the thought-provoking responses, from Shafi Rahman , a principal scientist at FICO, working in Bangalore. The most memorable scene in the film 2001: A Space Odyssey is when HAL 3000 turns off the life-support functions of the crew in an attempt to keep itself from getting disconnected.
PYMNTS
AUGUST 16, 2017
Engaging with consumers and boosting positive customer experience is something that’s in constant motion for brick-and-mortar retailers and restaurateurs. Naturally, technology plays a big role in helping to shape consumer expectations and, as a result, businesses are responding by integrating digital touch points in a thoughtful manner. This week, Panera Bread is upping the ante with its digital offerings.
Let's Talk Payments
AUGUST 16, 2017
While there are always costs and risks involved in implementing new technology, faster payments solutions with broad reach and strong safety standards in place could lead to many benefits for.
PYMNTS
AUGUST 16, 2017
America’s debt level hit another record high in the second quarter, after having surpassed its pre-crisis peak earlier in the year. According to Reuters , total U.S. household debt was $12.84 trillion in the three months to June, up $552 billion from a year ago, according to a Federal Reserve Bank of New York report. There were modest rises in mortgage, auto and credit card debt, where delinquencies jumped.
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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.
Bobsguide
AUGUST 16, 2017
There are a huge number of people currently not working, having retired from full-time employment, who don’t have adequate pension pots to allow them to live in comfort. And there are also an awful lot of people who are still working but will be heading for the same future. The age of.
PYMNTS
AUGUST 16, 2017
Solid growth in retail sales should presumably be good news for America’s retailers — but as it turns out, those gains only accrued to the few, the proud and the largely digital. Brick-and-mortar retailers, on the other hand, seem to be out in the cold when it comes to the recent growth. According to the U.S. Commerce Department, retail sales increased 0.6 percent in July from June — a beat on the 0.4 percent gain economists were expecting.
Payments Source
AUGUST 16, 2017
Using good, old-fashioned customer service and consultation to cut down on merchant attrition has been part of the acquiring playbook for years. But that playbook is long overdue for an update.
PYMNTS
AUGUST 16, 2017
Amazon, the eCommerce giant, announced Tuesday (Aug. 15) the launch of Instant Pickup, a free service for Prime and Prime Student members in which they can purchase a curated selection of daily essentials available for pickup in two minutes or less. According to a press release, Amazon said the service will be available in five pickup locations in Los Angeles; Atlanta; Berkeley, Calif.; Columbus, Ohio; and College Park, Md.
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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.
Let's Talk Payments
AUGUST 16, 2017
Vancouver, B.C. – (August 10, 2017) Trulioo, the leading global identity verification company, is elated to announce that its flagship identity verification solution, GlobalGateway, was ranked first place for the.
PYMNTS
AUGUST 16, 2017
Amazon is a powerful presence in the retail industry. There’s no doubt about the magnitude of the effect it has had on retail and the players in it. Almost every day in the news cycle, there is a mention of the eCommerce giant, whether it’s one of their own announcements or someone comparing an aspect of the retail industry to it. Whether it’s driving increased digital sales , inducing worry among brick-and-mortar competitors , upping the ante on instant pick up kiosk expansions , or fin
Payments Source
AUGUST 16, 2017
A bot-powered wave is on the way, and some firms will adapt, others will simply perish. It will be survival of the fittest, writes Beerud Sheth, founder and CEO of Gupshup.
PYMNTS
AUGUST 16, 2017
Apple’s upcoming Apple Watch won’t need to be connected to an iPhone to make calls, acting more like a standalone device, reported CNBC. According to CNBC, which cited a source with knowledge of the matter, the next iteration of the Apple Watch will roll out in September along with three new iPhone models. In the past, the Apple Watch had to be connected or linked to an iPhone to get texts and make calls.
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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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