Chris Skinner
NOVEMBER 11, 2019
Actually, it’s not just banking. It’s money. Money is about control – something I blog about regularly – and men control societies, economies and the world. Women are subjugated in that world, which is why there is a minority of female founders of FinTech firms and female executives in the … The post Banking is inherently sexist appeared first on Chris Skinner's blog.
Bank Innovation
NOVEMBER 11, 2019
The popularity of Amazon Prime and Apple is forcing bankers to rethink user experiences, industry practitioners said at Bank Innovation Build. With the growing adoption of digital banking platforms, user experience specialists said human experiences should underpin digital product roadmaps, with technology performing a supporting role. “Technology is an enabler, but user experience design provides […].
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Abrigo
NOVEMBER 11, 2019
On November 8, 2019, the Financial Crimes Enforcement Network (FinCEN) reissued their Geographic Targeting Orders (GTOs) for 12 metropolitan areas. GTOs are authorized under the Bank Secrecy Act to detect money laundering and other illicit activity through the purchases of real estate. As a reminder, the purchase threshold for real estate transactions is $300,000 and includes virtual currency purchases.
Bank Innovation
NOVEMBER 11, 2019
According to Dominc Venturo, chief innovation officer at U.S. Bank, any new idea incubated within the bank should have a measurable effect on customer experience. Venturo said the bank, which is headquartered in Minneapolis and has $467 billion in assets, looks at three criteria when launching any new innovation effort, including improved customer experience; added […].
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
Accenture
NOVEMBER 11, 2019
When I look at the retail payments market, I see all the attributes that any strategist worth his salt would love: It’s large, growing, profitable and accessible. The North American retail payments market is $300B and has grown at a 6 percent CAGR between 2015 and 20181, generated strong margins and has contributed significantly to…. The post North American retail payments: Position to win with five big bets appeared first on Accenture Banking Blog.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Abrigo
NOVEMBER 11, 2019
ALM | 4 minute read Key Takeaways Many financial institutions view asset/liability management as a "check-the-box" regulatory exercise. An extreme focus on using ALM to manage the risk of rising rates means some FIs overlook using ALM to grow earnings and capital, putting them at risk of underperformance. ALM should be used to create value in all interest rate environments.
Bank Innovation
NOVEMBER 11, 2019
A Wall Street regulator is opening a probe into Goldman Sachs Group Inc.’s credit card practices after a viral tweet from a tech entrepreneur alleged gender discrimination in the new Apple Card’s algorithms when determining credit limits. A series of posts from David Heinemeier Hansson starting Thursday railed against the Apple Card for giving him 20 times […].
PYMNTS
NOVEMBER 11, 2019
Governments are tightening know your customer (KYC) and anti-money laundering (AML) requirements on various industries out of increasing concern over fraud threats. Cryptocurrency companies that previously let customers remain anonymous will have to change their tunes in some countries, as will online gambling sites that provided fast onboarding at the expense of rigorous identity verification approaches.
BankBazaar
NOVEMBER 11, 2019
Still using cash for all your daily payments? Here are 5 banes of handling cash that you may be taking for granted. Like dealing your money old school? Well, unlike most music, old school isn’t necessarily a good thing when it comes to money. With the digital world throwing up unlimited possibilities and more secure payment avenues, it only makes sense to dance with the change and embrace modern ways of handling money that are leaps and bounds ahead of hard cash.
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
PYMNTS
NOVEMBER 11, 2019
Consumers can access a wide range of retail products through subscription boxes, including meal kits, pet supplies and beauty items — to name a few options. These services are highly popular, with an estimated 41.2 million American adults subscribing to some type of subscription retail product offering. The subscription box market is filled with familiar brand names like Blue Apron, Dollar Shave Club, Loot Crate and Stitch Fix, but one name holds a commanding share in consumer retail products: A
Payments Source
NOVEMBER 11, 2019
The IRS’s criminal division identified “dozens” of potential cryptocurrency tax evaders or cybercriminals after a meeting with tax authorities from four other countries.
PYMNTS
NOVEMBER 11, 2019
Challenger banks — financial firms offering something much like banking services, and looking to compete with old-school banks — are a new idea. The basic structure that underlies them is not. As Ingo Money CEO Drew Edwards noted in a recent conversation with Karen Webster, the model that most so-called challenger banks offer is basically a variation on an old theme.
Matt Wilcox Pro
NOVEMBER 11, 2019
Daylight Savings Time wreaks havoc on everyone, but it brings particular challenges to the banking industry. If you happen to live in a place where it is now one hour earlier than it was at this time a little over a week ago, I hope you have recovered from this year’s wrapping up of the [.
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.
PYMNTS
NOVEMBER 11, 2019
Global FinTech Rapyd announced that it has launched a single platform in Singapore that enables businesses to go cashless. The company has partnered with key players on “Singapore Platform,” which will allow consumers and businesses to make payments electronically, convert cash to electronic payment methods or receive funds instantly. “I am thrilled to be able to bring the Singapore Platform to life for merchants and consumers.
Payments Source
NOVEMBER 11, 2019
The challenge is to digitize digital currency rewards in such a way where a retailer could issue its own token, and that token could be used at a multitude of retailers, says cryptocurrency lawyer Felix Shipkevich.
PYMNTS
NOVEMBER 11, 2019
Here’s a question about the last meal that was delivered to your office or home: Do you really know where that food came from? Sure, you know the restaurant and the delivery service, but do you really know where that food came from? That’s the long way of making a point about one of the hottest trends in food commerce now — the rise of ghost, or virtual, kitchens.
Payments Source
NOVEMBER 11, 2019
Marks & Spencer offers install payments; Worldline looks for crypto in Switzerland; and other information you need to start your day, from PaymentsSource and around the web.
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.
PYMNTS
NOVEMBER 11, 2019
Seeing is believing. Excuse the cliché, but it does hold a good wallop of truth in commerce, especially as such technologies as virtual reality (VR), augmented reality (AR) and 3D product visualization gain traction with merchants and consumers. Indeed, evidence of the appeal of those visual retail technologies is accumulating from the furniture and home goods industry – evidence that itself helps paint the picture of what commerce will be like in the new decade.
Payments Source
NOVEMBER 11, 2019
If cryptocurrency is going to meaningfully disrupt international payments and trade finance, then it must integrate with the international trade process in a relatively frictionless way, says Stasis' Gregory Klumov.
PYMNTS
NOVEMBER 11, 2019
Tesco is taking on the competition by adding a subscription option to its Clubcard loyalty program. Originally launched in 1995, Clubcard helped Tesco beat its competitors to become the U.K.’s largest supermarket group. On Friday (Nov. 8), the company announced it was rolling out Clubcard Plus. For £7.99 a month, customers will have access to 10 percent off two big shops up to £200 each; 10 percent off customers’ favorite Tesco brands at all times; double data on a monthly contract for new and e
Payments Source
NOVEMBER 11, 2019
Singapore OCBC Bank will use Google Pay to support P2P transactions starting early in 2020, following a similar path as India, where banks have increasingly embraced Google Pay for transfers.
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.
PYMNTS
NOVEMBER 11, 2019
Latin America is becoming a new weak spot for Uber, showing a 2 percent growth, the lowest of any region for the ride-hailing company, Reuters reported on Monday (Nov. 11). Increased competition in Latin America, mainly from the Chinese ride-hailing giant Didi Chuxing, is being blamed for Uber’s growth slowdown in that region. Uber and Didi are both backed by SoftBank Group, which has said it planned to heavily invest in the Latin American tech sector.
Banking Exchange
NOVEMBER 11, 2019
Allegation that the Apple Card provided husband a credit limit several times higher than his wife’s credit limit Payments Technology Risk Management Social Media People Customers Tech Management Mobile Online Cards Security Big Data Feature3 Fintech Feature.
PYMNTS
NOVEMBER 11, 2019
U.S. businesses are constantly battling to stay ahead of fraudsters, and 80 percent of IT business leaders expect cyberattacks or critical breaches to occur on their watches within the year. Data holds the key to helping modern enterprises develop effective anti-fraud strategies. Many businesses are sitting on massive troves of it, but they are also facing down the three “V’s” of data complexity — velocity, variety and volume — which can make tackling fraud even harder. .
CFPB Monitor
NOVEMBER 11, 2019
On November 7, 2019, the George Mason University Antonin Scalia Law School hosted an event with Brian Johnson, the CFPB’s Deputy Director, to discuss the agency, its rulemaking process, innovation programs, and goals for the near future. Deputy Director Johnson began the discussion by acknowledging that the CFPB’s scope of authority is not well-defined given its relatively recent creation.
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.
403 
Let's personalize your content