Bank Innovation
OCTOBER 31, 2017
Japan’s is Mizuho Bank is cutting 19,000 jobs by 2027, following in the footsteps of Nordea Bank, which last week announced it was cutting 6,000 jobs by 2020. Two other major banks Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group will also be cutting jobs over the next few years. A total of 33,000 […].
Chris Skinner
OCTOBER 31, 2017
It is the nature of finance that, at its core, is risk. Insurance is all about covering yourself for the risk of uncertainty. You don’t know if your house will be robbed but, just in case it is, you insure it. You don’t you’ll have a car accident but, just … The post AI in banking is all about risk management appeared first on Chris Skinner's blog.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Bank Innovation
OCTOBER 31, 2017
EXCLUSIVE— Masterpass, blockchain, and the Internet of Things are three of the largest areas Mastercard will be focusing on to keep up the pace of its innovation efforts, the company said. This is according to Mastercard’s President and CEO, Ajay Banga, on the company’s earnings call this morning. Mastercard reported overall positive results for the […].
Payments Dive
OCTOBER 31, 2017
To nail payments and grow a global business, merchants must build payments strategies around their local customers' unique needs.
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
Bank Innovation
OCTOBER 31, 2017
Exchange operator CME Group has announced plans to launch bitcoin futures in the fourth quarter. The announcement by the operator, the largest in the world, prompted a surge for the currency that set bitcoin’s price to a record high (again) of $6,300. The launch of these futures is pending approval by regulators, according to a […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
OCTOBER 31, 2017
The R3 blockchain consortium, along with 22 of the top banks around the world, has created a new international payments system for banking. The system, which is based on blockchain, enables banks to transact “all existing central bank currencies,” according to a report by Reuters. The system was built using R3’s distributed ledger technology platform, […].
PYMNTS
OCTOBER 31, 2017
Constellation Brands , a beer distributor that owns Corona, announced that it has signed an agreement to buy an almost 10 percent stake in Canopy Growth Corporation , the world’s largest publicly traded cannabis company. The deal is expected to approximate C$245 million, representing an ownership interest of 9.9 percent of Canopy, plus warrants that give Constellation the option to purchase an additional ownership interest in the future.
Bank Innovation
OCTOBER 31, 2017
EXLUSIVE – Payment protection company Earny will soon add Visa to its list of partners in the next two to four weeks, Bank Innovation has learned. Discover will also be added to its list of partners; however, no definite timeline could be provided at the time. Based in California, Earny files payment protection claims on […].
PYMNTS
OCTOBER 31, 2017
As of today (Oct. 31), every Bitcoin will be worth approximately$6,125, according to reports from Bloomberg. The value of the digital currency has hit new highs after exceeding the $5,000 and $6,000 price points for the first times earlier this month. In total, Bitcoin is worth more than $100 billion, Bloomberg reported, meaning more than half of cryptocurrency is comprised of Bitcoin.
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
Let's Talk Payments
OCTOBER 31, 2017
FinTech hubs are popping up around the world to challenge the status quo of London, New York, Hong Kong, Singapore, and Silicon Valley. If you follow financial services in the.
PYMNTS
OCTOBER 31, 2017
GameStop announced a subscription video game rental service yesterday, according to news from TechCrunch. The service, called “PowerPass,” is only available in six-month increments. Subscribers can rent video games from within GameStop retail locations, Mashable added. Through the rental subscription service, consumers will be able to rent an unlimited number of pre-owned games within the six-month period.
Bobsguide
OCTOBER 31, 2017
EU-wide stress tests of the EBA chiefly represent a micro prudential and severe assessment of the solvency of the individual banks monitored by the ECB, useful for preventive actions in specific situations. This is an extremely useful test, although insufficient per se from the perspective of the.
PYMNTS
OCTOBER 31, 2017
The Sharper Image is dipping its toe back into physical retail, according to news from CNBC. The gadget chain is opening brick-and-mortar pop-up stores in Times Square for the holiday season. This is the first time in ten years that The Sharper Image has opened a retail location. The pop-up store is currently fronted by a sign that reads “Sharper Than Before,” according to CNBC, although the store itself is still sparsely filled with merchandise, which includes toys and drones.
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.
Let's Talk Payments
OCTOBER 31, 2017
“Australia is fast becoming a less-cash society,” a report by the Australian Payments Network said in May, noting how ATM withdrawals fell by 22% in the past five years amid.
PYMNTS
OCTOBER 31, 2017
Payment solutions company Stripe is launching a stock issuance tool, which will be available to users of Stripe Atlas , the company announced on Tuesday (Oct. 31). Stripe Atlas, according to the Stripe ’s website, is a product that helps customers found internet-based businesses. Users can create companies using suggested defaults and have an incorporated company and bank account set up within days.
Bobsguide
OCTOBER 31, 2017
In the 1960s and 1970s - just a generation ago - the consensus among banks was that women were riskier customers than men. In fact, when Barclays introduced the first British credit card in 1966, the majority of successful applicants were men. This was because in those days, women had to get their.
PYMNTS
OCTOBER 31, 2017
Retailers are set to clean up this Halloween, as 2017 is looking to be a record-setter for consumer spending during the holiday. With 179 million Americans planning to celebrate, up from 171 million last year, sales are projected to surpass those of 2016, which itself set records. In fact, holiday spending is expected to hit $9.1 billion, up 8.3 percent from 2016, and spending per household is expected to rise to $86.13 compared to last year’s $82.93.
Advertisement
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
OCTOBER 31, 2017
bobsguide spoke to Pennies CEO Alison Hutchinson about the potential collaboration with fintech players can have on facilitating and enabling new channels for donations to charities. Pennies, the Digital Charity Box, won the 2017 Emerging Payment Award for Best CSR or Charity Initiative.
PYMNTS
OCTOBER 31, 2017
Vendors in China have slashed the price of Apple’s iPhone 8 by up to a fifth off the usual cost of the smartphones due to low demand in advance of this week’s iPhone X launch. According to news from Reuters , consumers can now get Apple ’s new iPhone 8 and iPhone 8 Plus at discounts of between nearly 14 percent and 20 percent in mainland China — an amazing deal considering iPhones have been known to sell for as much as four times the price in Hong Kong.
Payments Source
OCTOBER 31, 2017
Fraudsters deliberately target the holiday season, with more than half of annual fraud income taking place between September and December and chargeback rates increasing by up to 50% at peak shopping periods, writes Suresh Dakshina, president of Chargeback Gurus.
PYMNTS
OCTOBER 31, 2017
Corporate treasurers are building up cash reserves as concerns about the economy grow, according to a new survey conducted by the Association for Financial Professionals (AFP). The AFP’s latest Corporate Cash Indicators index , released Monday (Oct. 30), hit its highest level since the index was launched in January 2011, demonstrating rising concerns about the global economy among corporate treasurers and financial professionals.
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.
Let's Talk Payments
OCTOBER 31, 2017
Man Group is an example of how AI is put to production at hedge funds. Man Group is one of the world’s largest hedge funds with $96 billion under management.
PYMNTS
OCTOBER 31, 2017
Making predictions about the future of the economy is a difficult and often imprecise endeavor. Look no further for verification than the burst of the housing bubble in 2008 and the accompanying market crash. But, for businesses and investors looking to confront future market conditions, meaningful and accurate financial forecasts remain an important resource.
Payments Source
OCTOBER 31, 2017
The bank consortium is going directly after the business of its former partner Ripple in the middle of their legal battle over an option for digital currency worth $1 billion.
PYMNTS
OCTOBER 31, 2017
Best Buy is making it easier for customers to order online this holiday season by both making online ordering free and by expanding the range of its same-day delivery service. As of yesterday (Oct. 30), and running through Christmas Day, all Best Buy shipping will be free regardless of order size, much like the retailer did last year. (Target made a similar holiday delivery announcement last week).
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.
Expert insights. Personalized for you.
281 
Let's personalize your content