Bank Innovation
MARCH 20, 2018
Paris-based banking startup Lydia is looking to become a “meta-banking app” that will allow customers to find several financial products in its hub, TechCrunch reported today. The app, which currently offers peer-to-peer payment services, will also be launching “Lydia Premium,” a subscription-based service for users who wish to access these features.
Chris Skinner
MARCH 20, 2018
Twenty-five years ago (yes, I am seriously old!) I was a consultant to insurance companies and banks talking about Business Process Re-Engineering (BPR). The thrust of my focus was to redesign the company from a customer-centric view first. The consultancy did get business but rarely achieved this objective, as no … The post Do bankers believe the Sun goes around the Earth?
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Bank Innovation
MARCH 20, 2018
Artificial intelligence startup Digital Reasoning has raised $30 million from a group of major banks, in a round led by French bank BNP Paribas. The other investors include U.K.’s Barclays, Square Capital, Goldman Sachs, Nasdaq, Lemhi Ventures, HCA, and the Partnership Fund for New York City. The U.S. based Digital Reasoning was launched in 2012.
Payments Dive
MARCH 20, 2018
Mary Hines, the global head of rewards for Citi, is scheduled to give the opening keynote for the conference.
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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
MARCH 20, 2018
EXCLUSIVE- Bank of America will now let its mobile users add multiple credit and debit cards to their PayPal account directly from BofA’s mobile app. With 24 million users, mobile banking is becoming increasingly important to BofA’s growth strategy. A few months earlier, the bank rolled out a number of mobile features such as Book.Read More.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
MARCH 20, 2018
EXCLUSIVE—Greenlight Financial Technology Inc., a PFM that provides “smart debit cards” to more than 100,000 users to begin financial literacy conversations with their children, is launching a credit product. “We’re working on several things for 2018—what we’re doing seems to be resonating,” Greenlight CEO and co-founder Tim Sheehan told Bank Innovation.
PYMNTS
MARCH 20, 2018
In the 1930s, gift certificates made their debut at major department stores. But they weren’t available to everyone. Clerks were told to hide the certificates and only sell them to select customers who asked for them. Years later, McDonald’s brought gift certificates to the masses with its Christmas gift certificate program. With their fast food debut, other merchants — along with malls — started offering them.
Bank Innovation
MARCH 20, 2018
Financial institutions are increasingly moving to online and mobile channels to offer better and more cost-efficient experiences to their customers. Unfortunately, mobility has become a high-risk environment for data breaches, phishing attacks, malware, and social engineering tactics. So how can your bank overcome mobile security concerns? To understand current trends in online and mobile banking.Read More.
PYMNTS
MARCH 20, 2018
As sad as the end of Toys R Us may be, the iconic toy store is far from the only retailer struggling these days — and it’s not the only one throwing in the towel this week. Say goodbye to Claire’s, the girls’ accessories chain, which on Monday (March 19) filed for Chapter 11 bankruptcy protection. And, of course, grocery giants such as Amazon, Walmart and Kroger continue to put smaller players out of business.
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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
Bobsguide
MARCH 20, 2018
bobsguide reporter, Dave Beach, recently attended the Objectway 2018 wealth management conference in Rome. After a great pollo parmiggiano and a tour of the Sistine Chapel he made his way to the conference with one question in mind: What’s up with wealth management digitisation? Slow to.
PYMNTS
MARCH 20, 2018
FedEx is coming to Walmart in the form of internal shops that will help customers print, pack and ship out of 500 of the retailer’s locations nationwide. The pilot, according to news from CNBC — which is being tested at Walmart locations in North Carolina, South Carolina, Virginia, Arkansas, Texas and Colorado — has already exceeded expectations. Consequently, the small-format shops will be unveiled at 500 Walmart locations over the course of the next two years.
Insights on Business
MARCH 20, 2018
During a major keynote address at IBM Think 2018, led by Mark Foster, Senior Vice President of IBM Global Business Services, and Bridget van Kralingen, Senior Vice President, IBM Global Industries, Platforms and Blockchain, and with some real-world examples, a future platform-centric world was front and center. Outlined during the session are businesses that are now entering an era of transformative business models enabled by new technologies that empowers them to operate in new ways.
PYMNTS
MARCH 20, 2018
Regulators from around the world are teaming up to create a blueprint for a global FinTech “sandbox.”. According to Reuters , Britain’s Financial Conduct Authority (FCA) announced the plans for a global testing bed for new financial technology apps. “Later this week we start work with interested regulators, including colleagues across Europe, the U.S. and Far East, on a blueprint,” Chris Woolard, the FCA’s executive director of strategy and competition, told the Innovate Finance conference in Lo
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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.
Insights on Business
MARCH 20, 2018
Day two of Think 2018 and where to begin? We saw astrophysicists leave us pondering the real difference between nature and knowledge, a new chapter in a partnership between two of the greatest technology companies in the world, another new home for an old friend, and our chairwoman tell the world how to “put smart to work” First, Neil deGrasse Tyson paid Think a visit, this time to learn about the knowledge of nature, and the nature of knowledge.
PYMNTS
MARCH 20, 2018
Flywire, a provider of global payment and receivables solutions for education, healthcare, and business, announced Tuesday (March 20) that it has inked a new deal with Flutterwave, a payments API that makes it easier for banks and businesses to process payments across Africa. In a press release announcing the partnership, Flywire said it will integrate Flutterwave’s Rave payment platform as the preferred option for students, patients and businesses in Nigeria who are making cross-border p
Payments Source
MARCH 20, 2018
The speed at which money transfer payments are evolving from legacy, paper-based systems to digital platforms couldn’t be more stark at Western Union, where Sheri Rhodes has just been named executive vice president and chief technology officer.
PYMNTS
MARCH 20, 2018
Bank of America announced news on Tuesday (March 20) that customers can now add multiple credit and debit cards to their PayPal account without having to use a laptop or desktop computer. In a press release , Bank of America said customers can add cards through the bank’s mobile banking app — a result of the initial integration of a partnership between Bank of America and PayPal, which was announced in July 2017.
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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
MARCH 20, 2018
As the May 25 2018 deadline for GDPR compliance looms, financial institutions are busily preparing to offer their customers better data protection and consent options. The market trend seems to be prioritizing and investing in front-end systems first, before turning attention to back-end systems.
PYMNTS
MARCH 20, 2018
Before Chris Meaux started Waitr , he was living in a quiet area of the Dallas Metroplex called Southlake in the early 2010s. But he realized that there was something lacking in small markets like his at the time — big food delivery players such as Grubhub. Then he moved to another smaller market — Lake Charles, Louisiana — and realized there was a potential for food delivery outside big cities.
Payments Source
MARCH 20, 2018
Payment data can also reveal insights for companies to foster better relationships with customers and vendors or suppliers, writes Matt Clark, president and COO of Corcentric.
PYMNTS
MARCH 20, 2018
To enable faster and more efficient royalty payment advances to recording artists working on TuneCore , Hyperwallet has signed a deal with Lyric Financial — a financial services provider that specializes in royalty advances and loans for recording artists, Hyperwallet said in an announcement. Irregular or delayed earnings have long afflicted artists and freelancers in the entertainment industry.
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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.
Payments Source
MARCH 20, 2018
Flywire is teaming up with Flutterwave to improve payments technology in Nigeria, which has Africa’s highest number of international students and medical patients traveling outside the country.
PYMNTS
MARCH 20, 2018
FinTechs and non-bank financial service providers are set to take over traditional banks as the preferred choice for small business (SMB) customers in Australia, a new report by Scottish Pacific found. The “Scottish Pacific SME Growth Index,” released twice a year, found the portion of small businesses that said they would use banks for funding declined from 38 percent in 2014 to 24 percent in 2018.
Payments Source
MARCH 20, 2018
Alipay already has inroads in Mexico, where its mobile wallet is accepted at some retailers popular with Chinese tourists. Through a partnership with Openpay, it’s expanding Mexican merchants’ access to these transactions in person and online.
PYMNTS
MARCH 20, 2018
Australia has just rolled out the New Payments Platform (NPP), a system to facilitate faster payments in the country, but a recent speech by Michele Bullock, assistant financial system governor of the Reserve Bank of Australia (RBA), suggests there is more to be done to address fraud risks. Reports in My Business said Bullock spoke in Sydney on the challenge of fraud mitigation when payments are accelerated.
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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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