Fri.Feb 23, 2018

article thumbnail

BNP Paribas Opens Fintech Investment Fund

Bank Innovation

French bank BNP Paribas has launched a new fund to invest in fintech startups, the bank announced today. The amount of the fund was not disclosed. The fund will be managed by BNP Paribas’ Capital Partners, and will be taking minority stakes in financial services and insurance startups, the bank said. It will also be.Read More.

Fintech 332
article thumbnail

Mobile payments prompt retailers, card networks to innovate

Payments Dive

Karen Katz, former president and CEO of Neiman Marcus Group, and Visa CEO Alfred Kelly shared insight, expectations and strategy during a panel talk at the NRF Big Show in January on boosting the retail mobile commerce customer experience.

Retail 272
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Japanese Cryptocurrency Exchanges Report 669 Cases of Money Laundering

Bank Innovation

Japan’s cryptocurrency exchanges have reported a total of 669 suspected money laundering cases to the country’s National Police Agency, according to a report by Nikkei Asian Review. Japanese cryptocurrency exchanges have been having a rough time lately with a major hack ($550 million) and some major technical glitches – one that almost cost one exchange.Read More.

article thumbnail

Excuse me, but would you like this chip in your vein or your brain?

Chris Skinner

Lots of people talk a good talk about the internet of things and how my washing machine could now make purchases but my question is: what would my washing machine want to buy? More powder and some salt maybe? A replacement for the dish that just broke? An intelligent washing … The post Excuse me, but would you like this chip in your vein or your brain?

article thumbnail

Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

article thumbnail

Wells Fargo Has No Plans to Ban Cryptocurrency Purchases on Its Cards

Bank Innovation

EXCLUSIVE – Wells Fargo will not be joining some of the other big banks in banning its customers from purchasing cryptocurrency with their credit/debit cards, Bank Innovation has learned. Wells Fargo, senior VP of senior vice president, design and delivery leader in the Innovation Group at Wells Fargo told Bank Innovation in a recent interview.Read More.

More Trending

article thumbnail

Female Leaders Take The Fintech Scene To New Heights [SPONSORED]

Bank Innovation

In recent years, women have made great strides across the sectors. Today, many countries like The United Kingdom, New Zealand, Germany, Norway, Chile, and New Zealand have elected women as the head of state. In Rwanda, 49 of the 80 parliamentarians are women. In the corporate world, while men continue to dominate certain sectors, women.Read More.

Fintech 276
article thumbnail

Nissan To Test Self-Driving Taxis

PYMNTS

Creating possible competition for ridesharing companies such as Uber , Nissan and DeNA are planning a test run of a self-driving taxi service — dubbed Easy Ride — in Japan, CNBC reported. Nissan said on Friday (Feb. 23) it will conduct the test on a 4.5 kilometer road in the Minatomirai district of Yokohama in March. To set a destination during the test run, test passengers can request recommended destinations by voice or text through a tablet.

Report 140
article thumbnail

TD Online Banking Was Down for Over a Week, And Customers Are Not Happy

Bank Innovation

EXCLUSIVE— Online banking service for U.S. customers of TD Bank was down for over a week after the bank updated to its digital services, prompting multiple customers to flock to social media to express outrage, frustration, or calls to leave the bank. The bank, which noted that it has experienced “technology challenges” as a result.Read More.

article thumbnail

How Toll Transponders Are Putting Commuter Commerce In The Fast Lane

PYMNTS

Every workday, some 135 million Americans get behind the wheel for 15 to 30 minutes of commuting each way. In doing so, they reportedly drive $212 billion in annual commerce. Nearly 54 percent of commuters place an order to pick up food along the way, 40 percent get their fix of morning joe and 39 percent find and pay for gas using their phones, according to The Digital Drive Report.

Payments 138
article thumbnail

The State of Automation in Financial Services 2024 Report

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

article thumbnail

Scarlett Sieber, VP of USAA Labs at USAA Bank, Joins Bank Innovation 2018

Bank Innovation

EXCLUSIVE – With a new role at Vice President of USAA Labs at USAA Bank, fintech veteran Scarlett Sieber joins Bank Innovation 2018. Bank Innovation 2018 will take place March 5-6 in San Francisco. Meet Sieber at our Innovation Bar, where she will be joined by fellow innovation “bartenders” Ryan Gilbert, General Partner at Propel Venture.Read More.

article thumbnail

Airbnb Expands Into Luxe Travel Services And Hotels

PYMNTS

Facing slowing growth and pressure from regulators, Airbnb is introducing new services targeted toward travelers who choose luxury accommodations and hotels. On Thursday (Feb. 22), the company introduced upmarket travel services as well as a new category of properties, according to news from Reuters. “Airbnb (is) figuring out how do we grow at the same levels that investors are expecting us to grow, given some of the regulatory headwinds,” Christopher Anderson, a Cornell University professor, t

New York 128
article thumbnail

With Less Than 100 Days to Comply, U.S. Companies Need to Get Comfortable with GDPR Fast

Bank Innovation

EXCLUSIVE— While businesses and banks in the United Kingdom are moving (slowly) towards compliance with the General Data Protection Regulation, many U.S. companies are still figuring out if the regulation applies to them. Unfortunately, these companies have precious little time to waste, according to the GDPR Beyond Borders conference that took place in NYC yesterday: Read More.

Company 225
article thumbnail

First National Bank Of Omaha Shutters NRA Visa Card

PYMNTS

First National Bank of Omaha announced that it is not renewing a contract with the National Rifle Association (NRA) to offer customers an NRA-branded Visa card. The move comes after the shooting at a high school in Parkland, Florida that left 17 people dead. The NRA has come under intense criticism for its opposition to stricter gun laws. “The NRA supports efforts to prevent those who are in danger to themselves or others from getting access to firearms,” the group said in a statemen

Omaha 118
article thumbnail

Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

article thumbnail

Marley Gray, Principal Architect at Azure Blockchain Engineering for Microsoft, Joins Bank Innovation 2018

Bank Innovation

EXCLUSIVE — Marley Gray, principal architect at Azure blockchain engineering for Microsoft, has joined the speaker faculty for Bank Innovation 2018. Bank Innovation 2018 will take place March 5-6 in San Francisco. At Azure Blockchain Engineering, Gray serves as principal architect leading the design and development team of Microsoft’s blockchain middleware platform code-named, “Bletchley.

article thumbnail

Worldwide Smartphone Sales Slide

PYMNTS

Smartphone sales worldwide fell in the fourth quarter of 2017 compared to the same period in 2016, marking the first decline Gartner has seen since the firm started tracking sales in 2004. A little more than 400 million smartphones were sold to consumers in the last three months of 2017, which marks a 5.6 decline from 2016, Financial Times reported.

Apple 118
article thumbnail

The role of the regulator in enabling blockchain adoption

Bobsguide

bobsguide sat down with CEO of Smart Valor and 'Bitcoin Queen' of Switzerland, Olga Feldmeier. Olga explicitly outlines the real use cases of blockchain and digital cryptography and how smarter regulation can promote innovation. She also predicts the roadmap to bank disintermediation in the.

article thumbnail

US Bank Partners With AutoGravity For Digital Auto Loans

PYMNTS

To reach customers looking to apply for an auto loan online, U.S. Bank has created a new platform with AutoGravity. Through the service, borrowers can receive a decision within minutes, according to news from American Banker. Through the platform, borrowers can choose the car they wish to finance and the dealership from which they wish to purchase it.

US 116
article thumbnail

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

article thumbnail

6 times PayPal and eBay butted heads

Payments Source

Even before PayPal and eBay split, their relationship wasn't perfect. PayPal may have seemed like a service that was destined to fuel sales for eBay in the early days of e-commerce, but even after the companies merged they found occasional reasons for conflict.

Company 81
article thumbnail

Chatbots Sizzle, iPhone X Fizzles And Grocery Shoppers Feel The Retail Love

PYMNTS

Sizzle Of the Week: Grocery Customers. It’s a good week to be a grocery shopper in America – because, after all, who doesn’t like being pursued? The grocery business in America is a $650 billion industry. And like the prettiest girl at the dance, America’s grocery spend is the highly sought-after object of everyone’s affection. This week, the consumer got a taste of just how much their affection is worth to the country’s grocers.

Retail 116
article thumbnail

Digital is a change of mind more than a change of payment

Payments Source

Retailers should also notice that each transaction with customers contains more than the currency, it contains the potential opportunity to establish a relationship, writes Franklin Chu, managing director of Azoya International.

Retail 69
article thumbnail

Beyond The Booking: Do Customers Want More Out Of Airbnb?

PYMNTS

Airbnb wants to put more than a bed and breakfast-style stay at customers’ fingertips. The homesharing platform has branched out this year, endeavoring to help customers find not just a home away from home for the day, week or month, but an Instagram-worthy vacation experience. However, not all of its recent experiments have met with success. It’s a good thing the company isn’t putting all its breakfast eggs in one basket, because it may be better off putting some of these ideas to bed.

Florida 116
article thumbnail

Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.

article thumbnail

Citi to refund $335 million after finding card APRs too high

Payments Source

Citigroup Inc., one of the world’s largest credit card issuers, said it will refund $335 million to U.S. customers whose annual percentage rate should have been lower.

Cards 65
article thumbnail

Target CEO Still Bullish On Brick-And-Mortar Retail

PYMNTS

Even with increasing eCommerce sales, Target CEO Brian Cornell still believes brick-and-mortar stores are central to the company’s strategy, according to news from CNBC. “The winning retailers of the future are going to combine great physical assets with the ease that comes along with that digital interaction,” Cornell told CNBC. “For the foreseeable future, the majority of U.S. retail sales will still take place at stores.”.

Retail 115
article thumbnail

Venezuelans unable to buy Maduro's cryptocurrency with Bolivars

Payments Source

Venezuela is advertising its groundbreaking state-sponsored cryptocurrency as a means to "promote well-being, bringing power closer to the people.” A lofty goal, but it’s hard to see how the troubled nation’s citizens will be empowered if they can’t even buy it.

article thumbnail

Google Play Now Accepts M-Pesa Mobile Payments In Kenya

PYMNTS

To allow users to make payments in a country where many people don’t have access to credit cards, Google Play has begun accepting payments through mobile phones in Kenya. The games and apps platform now works with Safaricom ’s M-Pesa , Reuters reported. M-Pesa has amassed almost 30 million users in Kenya, which has a population of 45 million people; it’s a country where Google ’s Android platform is popular.

Google 111
article thumbnail

2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.