Chris Skinner

FEBRUARY 12, 2019

I often point to a banks’ executive leadership team and ask the question: who can tell me the difference between blockchain and distributed ledger? If anyone even goes there, I then ask them to tell me the difference between artificial intelligence and machine learning. Few ever come out of that … The post The difference between machine learning and artificial intelligence appeared first on Chris Skinner's blog.

Leadership 391

Leadership blockchain Digital Banking 391

Payments Dive

FEBRUARY 12, 2019

A backlash against cashless retailers and restaurants has spurred legislation in multiple cities and states to force them to accept cash payments.

Retail 366

Retail Payments 366

PYMNTS

FEBRUARY 12, 2019

Heading toward potentially becoming a public company, Peloton Interactive Inc. is reportedly talking with banks about an initial public offering (IPO). The company is seeking a debut in the latter half of the year, The Wall Street Journal reported. According to unnamed sources cited by the outlet, the company is looking for a valuation over $4 billion.

Exercises 211

Exercises New York Report Capital 211

Payments Dive

FEBRUARY 12, 2019

In Tanzania, Telepin transparently replaced an existing mobile money platform and helped Tigo Tanzania drive revenue growth — actually doubling Tigo Tanzania’s transactions per second, and provided them with a platform that can support their growth. Read the full case study to learn how.

Case Study 186

Case Study Study Mobile 186

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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

Lending

Chris Skinner

FEBRUARY 12, 2019

Things we’re reading today include … Former staff alleges Singaporean bank denied him new role because he is not Asian Bank of England’s Carney spells out no-deal Brexit hit to UK Lloyds rocked by new whistle blowing claim Metro Bank: the dog-friendly lender that has tongues wagging The EU looks … The post Things worth reading: 13th February 2019 appeared first on Chris Skinner's blog.

Metro 171

Metro 171

PYMNTS

FEBRUARY 12, 2019

U.K.-based FinTech SumUp, which helps small to medium-size businesses (SMBs) take card payments, has acquired Shoplo, a multichannel eCommerce platform. The move was a bid to expand its reach and to provide its merchants entry into different online marketplaces like eBay, Etsy and Facebook, according to a report by TechCrunch. The exact terms of the deal aren’t known, but Shoplo technology will also help SumUp’s customers to create better ecommerce storefronts.

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Fintech Online Cards Software 184

Bank Innovation

FEBRUARY 12, 2019

It's the combination of prescriptive data analytics and predictive analytics that the new head of business data and insights at Union Bank, Una Fox, said is key to driving growth for the bank and its savings-only platform PurePoint Financial. Fox was appointed to her position in January. In this role, she will be responsible for leading […].

Analytics 170

Analytics Data Big Data social media 170

PYMNTS

FEBRUARY 12, 2019

Remittance company SendFriend announced that it has raised $1.7 million from investors MIT Media Lab, Barclays, the Mastercard Foundation, Ripple, Techstars, Mahindra Finance, 2020 Ventures, and 8 Decimal Capital. The investment funding will allow SendFriend to better enable Overseas Filipino Workers (OFWs) to safely transfer USD to PHP at the lowest possible rates.

New Jersey 183

New Jersey Capital Community Strategy 183

Payments Dive

FEBRUARY 12, 2019

This report profiles the performance of direct carrier billing globally during 2018.

Report 210

Report Marketing 210

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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

Report

PYMNTS

FEBRUARY 12, 2019

MoneyGram largely missed Wall Street estimates — at least in terms of headline numbers, amid results that showed continued headwinds of compliance efforts. Management had pointed to such impact in its last conference call and, this time around, gave the nod to continued traction in digital efforts and restructuring activities that set the stage for growth in the longer term.

Compliance 183

Compliance Online Management Conference 183

Bobsguide

FEBRUARY 12, 2019

The blockchain industry “will not survive” if it fails to show workable solutions, solve its reputation crisis, and get funding to innovators pushing new use cases, according to Lisa Short, co-founder of Mind Shifting, who was speaking on a panel at London Blockchain Week. “We.

blockchain 161

blockchain Innovation Industry 161

PYMNTS

FEBRUARY 12, 2019

From consumer packaged goods (CPG) to technology, companies in all sorts of industries are adopting the subscription business model. But, despite the differences in their offerings, merchants that offer subscriptions share similar challenges: They must provide a smooth process for product delivery and payment acceptance. And they must make sure their plans have the options that consumers demand.

Mobile 166

Mobile Payments Video Retail 166

Payments Dive

FEBRUARY 12, 2019

PartnerTech introduces an all-in-one POS Solution, the Audrey A5.

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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.

Lending

PYMNTS

FEBRUARY 12, 2019

Shopping is a social experience in more ways than one. Consumers are busy, attached to their smartphones and used to scrolling past thousands of product images per day. They’re using social apps like Instagram to make purchases right from their feed instead of heading to a merchant’s site. They are turning to voice-activated speakers to order groceries as they go about handling their day-to-day chores.

Samsung 158

Samsung Video Report Strategy 158

Payments Source

FEBRUARY 12, 2019

It took some time to get there, but mobile wallets may have finally found their niche — boosted more by e-commerce than by the point of sale systems they were designed for.

Mobile 118

Mobile System 118

PYMNTS

FEBRUARY 12, 2019

For consumers, and increasingly for businesses, speed is coveted when it comes to payments. That’s especially true as transactions are done in bits and bytes – increasingly so – and at all hours of the day. Any number of “faster” rails are coming online through the next several months. Far-flung systems, and many ways to get there – but the end goal is to have payments settle instantly or in real time.

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Millennials Payments Retail Lending 154

Payments Source

FEBRUARY 12, 2019

While many public policy initiatives focus on the 1.7 billion “unbanked,” we rarely hear about the nearly 1 billion people who do have a bank account and a smartphone but have no credit card nor cross-border-enabled debit, writes Eric Rosenthal, managing director of the Americas at Rapyd.

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Cards America Policies Management 113

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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.

US

PYMNTS

FEBRUARY 12, 2019

Metabank has launched a new payments platform to help its partners disburse funds almost instantly, according to a release by the company. The new platform includes Mastercard Send, a push payments service designed to rapidly send money in the U.S. and also across borders. With Send, Metabank partners can direct and disburse money to U.S. debit or reloadable prepaid cards for payment of tax refunds, government aid, healthcare and insurance claims and payments to gig economy workers.

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Payments United States User Experience Taxes 146

Payments Source

FEBRUARY 12, 2019

The future of payment is already drastically affecting the retail industry. While retailers will need to adapt their digital strategy yet again, this shift in consumer trends presents yet another opportunity for success, Steve Davidson, vice president of warranty products for Fortegra.

Retail 113

Retail Digital Strategies Innovation Payments 113

PYMNTS

FEBRUARY 12, 2019

Go back a generation or two and imagine the construction of the Gateway Arch — the sleek, shiny monument to westward expansion that stands along the west side of the Mississippi River in St. Louis (which just underwent an extensive update and makeover to its grounds and museum). Ask most anyone who witnessed the object rise from the riverbank in the early 1960s and they’ll probably hear about the excitement — and odd sense of tension — that came from watching those two curved sides approach ea

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St. Louis Mississippi User Experience Knowledge Base 144

Payments Source

FEBRUARY 12, 2019

The installment loan provider Splitit, which recently raised A$12 million on the Australian Securities Exchange to fund its Asia-Pacific expansion, faces strong competition from Australian incumbents — and the prospect of stiffer regulation.

Regulation 99

Regulation Security Compliance Payments 99

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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.

Compliance

PYMNTS

FEBRUARY 12, 2019

A former Snap executive is planning to take on Amazon with the launch of a new eCommerce platform. Imran Khan, who spent three years at Snap as chief strategy officer, has created a new retail company, Verishop , which aims to “bring joy back to online shopping, and do it at scale with the ease of online purchasing and fast delivery we’ve all come to expect.” “When we talk to brands, many share our concerns about the current state of eCommerce,” said a blog post. “T

Branding 140

Branding Online Retail Leadership 140

Bobsguide

FEBRUARY 12, 2019

The slow adoption of blockchain solutions has little to do with the maturity of the technology but rather the speed at which it changes and the politics behind the consortia required to build the infrastructure, according to Adi Ben-Ari, CEO of Applied Blockchain. “We’ve found that in.

blockchain 94

blockchain Technology 94

PYMNTS

FEBRUARY 12, 2019

Bars, breweries and bowling alleys may serve up drinks and experiences, but they don’t always have kitchens to prepare meals or bar bites for customers. “When it comes to food, they kind of struggle to provide that amenity to their customers ,” Nick Anastasiades, CEO and co-founder of mobile ordering startup 2ndKitchen , told PYMNTS in an interview.

Mobile 140

Mobile Resources Apple Google 140

CFPB Monitor

FEBRUARY 12, 2019

The Federal Trade Commission announced that a planned workshop in Washington, D.C. aimed at examining consumer protection issues related to the online event ticket marketplace has been rescheduled for June 11, 2019 due to the government shutdown. (The workshop’s original date was March 27.). The workshop will feature opening remarks by FTC Commissioner Rebecca Kelly Slaughter and will bring together a variety of stakeholders, including industry representatives, consumer advocates, trade associa

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Online Washington New York Industry 87

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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.

Lending