Bank Innovation
FEBRUARY 28, 2020
TD Bank’s digital strategy is showing results. The bank said it’s investing heavily in digital channels, making it the largest digital bank in Canada. TD noted that, according to App Annie data, the bank is ranked No. 1 in consumer adoption, engagement and satisfaction among top retail banks in Canada. The bank saw a net […].
PYMNTS
FEBRUARY 28, 2020
To explore the positive impacts of blockchain on small businesses, the U.S. House of Representatives Committee on Small Business plans to hold a hearing next week. Witnesses scheduled to appear include PopCom CEO Dawn Dickson and Ownum CEO Shane Bigelow, as well as Jim Harper, a visiting fellow for the American Enterprise Institute, and Marvin Ammori, general counsel for Protocol Labs, Yahoo!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Bank Innovation
FEBRUARY 28, 2020
Dobot, the automated savings platform acquired by Fifth Third in 2018, is working to help its users save $425 million since it launched with the bank just over a year ago. The app lets users put away funds toward savings goals of their choice. The tool automatically pulls users’ money into a savings account based […].
PYMNTS
FEBRUARY 28, 2020
Google “used car dealer.” Click on the image tab. Within the top four thumbnails you will see a man wearing a bad jacket, a bad hat and a villainesque mustache. He is the cliché of a profession that has a lot of suede sheen on it, but at least one company is in the market to bring used car sales into the digital future. “We get that a lot,” said Shift Co-CEO Toby Russell of the stereotype.
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
FEBRUARY 28, 2020
Welcome to the latest episode of our Weekly Wrap series, for the week ending Friday, Feb. 28, 2020. In this episode, editors discuss the following news developments: Gulf Capital Bank raised $93 million to expand; Business and financial software company Intuit plans to buy personal finance platform Credit Karma for $7.1 billion; and Bankers and data aggregators’ […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
FEBRUARY 28, 2020
Welcome to the latest episode of our Weekly Wrap series, for the week ending Friday, Feb. 28, 2020. In this episode, editors discuss the following news developments: Gulf Capital Bank raised $93 million to expand; Business and financial software company Intuit plans to buy personal finance platform Credit Karma for $7.1 billion; and Bankers and data aggregators’ […].
Abrigo
FEBRUARY 28, 2020
Large SEC filers have officially adopted the current expected credit loss standard, or CECL, for recognizing credit losses, and other financial institutions are eager to learn from their implementation efforts. While credit unions have until 2023 until they must comply with CECL, there is likely less time than expected. Experts and 2020 adopters have repeatedly stressed the importance of preparing early.
Bank Innovation
FEBRUARY 28, 2020
TD Bank’s digital strategy is showing results. The bank said it’s investing heavily in digital channels, making it the largest digital bank in Canada. TD noted that, according to App Annie data, the bank is ranked No. 1 in consumer adoption, engagement and satisfaction among top retail banks in Canada. The bank saw a net […].
PYMNTS
FEBRUARY 28, 2020
It has been more than 100 years since the first car was insured in 1897 by the Travelers Insurance Company. Since then, there has been no-fault insurance, safe driver insurance and student driver insurance – but outside of that, no essential changes have been made in a $288 billion dollar business. Until now. Based in Silicon Valley, Metromile is bringing a new business model to car insurance based on a per-mile metric.
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
Bank Innovation
FEBRUARY 28, 2020
Dobot, the automated savings platform acquired by Fifth Third in 2018, is working to help its users save $425 million since it launched with the bank just over a year ago. The app lets users put away funds toward savings goals of their choice. The tool automatically pulls users’ money into a savings account based […].
PYMNTS
FEBRUARY 28, 2020
To get a sense of the new frontiers in cybercrime, and how cryptocurrency helps fraudsters cover their tracks or finance their schemes … look, perhaps, to Latin America. In a report titled “The Dark Side of Latin America,” IntSights, which monitors cyberthreats, said Latin America is among the top regions for money laundering, done at least in part through cryptocurrency, and that such tactics are favored by organized crime.
Payments Dive
FEBRUARY 28, 2020
California Tortilla and Qdoba have launched mobile app upgrades.
PYMNTS
FEBRUARY 28, 2020
Someday this will be a marketing case study. You’re Constellation Brands. One of your leading brands is Corona beer. Then out of China comes a virus that has your name on it. You’re blowing up on social media for all the wrong reasons. And to top it off, you have a major product extension on the books with millions in media behind it. So far we know two things about this future case study.
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.
Payments Source
FEBRUARY 28, 2020
With the world gripped in panic over the rapid spread of the coronavirus — and the stock market falling in response — payments companies have been left to speculate on what it all means to their operations in an increasingly global economy.
PYMNTS
FEBRUARY 28, 2020
Capital One is going to increase its focus on digitization and close 37 branches around the U.S., according to a report by Yahoo Finance. The company has made its intentions known by filing applications with the Office of the Comptroller of the Currency. “Our customers are increasingly engaging with us digitally,” said Capital One spokesman Derek Conrad.
ATM Marketplace
FEBRUARY 28, 2020
Intuit announced its highly anticipated $7.1 billion acquisition of Credit Karma, a move that will create a personal finance powerhouse that can help financial institutions create targeted product offers for users of the platform.
PYMNTS
FEBRUARY 28, 2020
As B2B FinTech firms continue working to break down silos, and ease the numerous friction points of the B2B payments process for both buyer and seller, the opportunities for data integration are vast. Purchase, invoice and transaction data are invaluable to the journey of digitization and automation, but organizations are increasingly recognizing that the value can only be realized if that data can integrate seamlessly across platforms.
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.
BankBazaar
FEBRUARY 28, 2020
Money is one of the major cause of fights in relationships. But the solution is quite simple. A joint account is the best way to find a financial groove with your spouse. Rohan got married around March this year. He was sure that Riya was his soulmate. But, this happy fairy tale was rather short-lived. The reason? MONEY, of course. A few weeks down the line, they started quarrelling over their monthly expenses.
PYMNTS
FEBRUARY 28, 2020
FinTechs are helping companies understand and optimize their total cost of payments acceptance through technology. Modo Founder and CEO Bruce Parker said there are many different drivers of that cost. Big online eCommerce, gig economy or other merchants “tend to have a lot of different payment services that they use,” he told PYMNTS in an interview.
SWBC's LenderHub
FEBRUARY 28, 2020
The discovery of the coronavirus, now named COVID-19, last month in Wuhan, China, and its subsequent spread out of China and around the world has caused great uneasiness and alarm. On Tuesday, the US Centers for Disease Control and Prevention warned Americans to prepare for a coronavirus outbreak at home that could lead to significant disruptions of daily life, since hitting an all-time high last Wednesday, the S&P 500 has fallen 13% while the 10-year Treasury yield has fallen to a new all-t
PYMNTS
FEBRUARY 28, 2020
New subscription-only bank Aion is launching in Belgium, and it wants customers to be able to get the most out of their money, according to a report. The bank has a service called MoneyMax that is powered by artificial intelligence (AI), and it’s meant to encourage users to earn money on saved money and spend less on bills and online purchases. “Members can earn more, spend less, and save more when they use MoneyMax,” said Aion Chief Marketing Officer Vic Walia. “… MoneyMax searches for lo
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.
ABA Community Banking
FEBRUARY 28, 2020
Diving into the data on why community banks buy and sell—and how they can position themselves to succeed. The post Shifting Drivers of Bank M&A in 2020 appeared first on ABA Banking Journal.
PYMNTS
FEBRUARY 28, 2020
The coronavirus has wide-reaching effects on eCommerce, technology, medicine, business travel and the economy. Here are the latest updates on its impacts around the world. Shares of Wayfair fell as much as 26 percent on Friday (Feb.28), and the stock had lost 22 percent already this year, Bloomberg reported. The furniture eCommerce retailer reportedly relies on China for half of its merchandise.
American Banker
FEBRUARY 28, 2020
Demand for home loans has been strong in recent months and is expected to increase coronavirus fears push rates lower.
PYMNTS
FEBRUARY 28, 2020
In a move that could interrupt the duopoly of Zomato and Swiggy, competition in the food delivery space in India could intensify as Amazon India reportedly aims to enter the industry in the near future. The eCommerce merchant is forecasted to test its on-demand food effort in Bengaluru, livemint reported. Amazon India’s food delivery system is currently only available to workers.
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.
293 
Let's personalize your content