Chris Skinner

SEPTEMBER 12, 2018

I recently did an interview with my American friend Jim Marous over on The Financial Brand. It’s a good interview so I thought I would post my answers here. Feel free to comment! Your newest book, Digital Human, is obviously an outgrowth from your two previous books, ValueWeb and Digital … The post Financial Institutions Aren’t Prepared for the Digital Revolution appeared first on Chris Skinner's blog.

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Branding Digital Banking Fintech 413

Payments Dive

SEPTEMBER 12, 2018

India Post Payments Bank is leveraging Financial Software and Systems (FSS) to bring a wide range of affordable, quality banking and payment services to financially underserved customer segments – especially rural households, small and medium enterprises and women.

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Payments Software System 201

Chris Skinner

SEPTEMBER 12, 2018

One other thing struck me as the discussions fired away in Shanghai at Lang Di … is China going to haemorrhage and bring down the world’s financial systems … or is that just what the Western media would like us to think? The reason I raise it is that I … The post China’s blood on the carpet in P2P lending appeared first on Chris Skinner's blog.

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Lending US System Case Study 310

PYMNTS

SEPTEMBER 12, 2018

In tech, innovation is everything. In innovation, intellectual property is, well, almost everything — it can be the hardware, the software, the processes that come from creative endeavor. And patents? Well, consider them a form of competitive advantage. News came recently, when it comes to patents tied to the blockchain landscape, that Thomson Reuters found China, and Alibaba , to have had an outsized showing.

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blockchain Puerto Rico social media Innovation 201

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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

Bank Innovation

SEPTEMBER 12, 2018

Payments giant PayPal unveiled a new feature that gives merchants realtime access to funds from completed sales. The feature, revealed today, is aptly called Funds Now. Like Uber’s Instant Pay, PayPal’s Funds Now feature gives select businesses across the U.S., U.K., and Australia instant access to their completed sales within seconds by eliminating holds, delays, and […].

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Payments Video Operations Capital 170

PYMNTS

SEPTEMBER 12, 2018

Omni Security and Authentication. Consumers expect to do business with their bank online seamlessly, without the hassle of complicated security checks, whether through their mobile phone, smart watch, home speaker or other connected device. However, offering this convenience can create new opportunities for fraudsters to slip through, thanks to the growing number of security breaches and the troves of consumer data easily available on the dark web.

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Security Report CA Fraud 139

Payments Source

SEPTEMBER 12, 2018

It all comes down to convenience. New payment apps, like Venmo, and widely adopted mobile wallets, such as Apple Pay and Alipay, have made the consumer payment experience incredibly convenient, writes Ralph Dangelmaier, CEO of BlueSnap.

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Apple Mobile Payments Retail 104

PYMNTS

SEPTEMBER 12, 2018

One year after news surfaced that blockchain companies Ripple Labs and R3 HoldCo were engaged in a legal dispute, the lawsuit has been resolved, according to a press release issued this week. In a statement, Ripple said the companies “have reached a settlement of all outstanding litigation between the parties.” The company was tight-lipped on exact details of the settlement, however, noting that the terms of the agreement are “confidential,” and that “both sides loo

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blockchain cryptocurrency Report Company 129

Insights on Business

SEPTEMBER 12, 2018

IBM RegTech Innovations. Riddle me this? Would you rather travel from New York to Los Angeles, hyperloop style , in half the time of flying, knowing that your safety is not assured, or sit aboard a conventional flight for 7 hours, knowing that you have chosen a statistically safer, though significantly slower, means of travel. Consumers are almost unanimously voting for the former, at least, metaphorically, when it comes to payments.

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Payments Las Vegas Los Angeles Fraud 96

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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

SEPTEMBER 12, 2018

The Internet Association, a group that represents Facebook, Amazon and Alphabet’s Google , among other technology and internet companies, said on Tuesday (Sept. 11) that it supports data privacy rules in the U.S. that are more modern, but urged lawmakers to approach the issue nationally. According to a report in Reuters , citing The Internet Association, the trade group wants the rules to preempt a new regulation on the books in California that comes into effect in 2020.

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National Data Company California 128

Payments Source

SEPTEMBER 12, 2018

U.S. EMV coverage has gaping holes—including smaller financial institutions that haven’t fully converted to EMV and millions of merchant locations still not accepting chip cards.

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Data Cards Fraud Retail 83

PYMNTS

SEPTEMBER 12, 2018

In tech, innovation is everything. In innovation, intellectual property is, well, almost everything — it can be the hardware, the software, the processes that comes from the creative endeavor. You might consider patents a form of competitive advantage. News came last week that, when it comes to patents tied to the blockchain landscape, Thomson Reuters has found that China, and Alibaba , have had an outsized showing, and seem to be accelerating their patent filing activity.

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blockchain United States Innovation Capital 123

Payments Source

SEPTEMBER 12, 2018

A new venture capital firm hopes will differentiate it from other fintech investors by taking a more hands-on approach.

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Boston Fintech Innovation Capital 101

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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

SEPTEMBER 12, 2018

Amazon released new statistics about the growth of its B2B eCommerce unit, Amazon Business, on Tuesday (Sept. 11), touting the success of the operation four years after its launch. A blog post from Amazon said “millions” of companies and “hundreds of thousands” of B2B sellers are using Amazon Business to conduct business, contributing to the unit’s goal of hitting $10 billion in sales — a figure the company expects to reach this year.

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Retail Operations Policies Tools 123

Payments Source

SEPTEMBER 12, 2018

The highly lucrative remittance business, once the sole purview of established players with large agent-based locations such as Western Union and MoneyGram, is under an all-out-attack by digital fintechs.

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Marketing Fintech Payments 80

PYMNTS

SEPTEMBER 12, 2018

There are many things modern consumers perceive as true, even when they aren’t. One might be tempted to think cash is on the ropes in the age of digital, when the truth is cash is still very much king in some places, and continues to grow (even as it loses market share). One might assume every business that wants to innovate around payments is doing so – but actually, in some verticals , those innovations are harder than others.

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Retail Payments Innovation Data 115

Matt Wilcox Pro

SEPTEMBER 12, 2018

Hard to believe: Google launched 20 years ago this month. By accident or design, its name is a misspelling of the number googol. If it was by accident, you have to wonder why founders Larry Page and Sergey Brin didn’t bother googling the correct spelling. Playing trademark roulette Not long after the Google’s appearance in 1998, google became [.

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Google 79

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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

SEPTEMBER 12, 2018

The enterprise increasingly understands the power of data. Businesses are not only seeking to become data-driven, but are investing more in the tools they need to achieve that goal. Despite so much interest — and investment — in enterprise data and analytics, researchers warn that companies are struggling to achieve their data-driven visions. NewVantage Partners ‘ 2018 survey on the topic found nearly every executive surveyed (98.6 percent) agrees that their businesses are actively working

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Data Big Data Survey Analytics 115

Insights on Business

SEPTEMBER 12, 2018

IBM RegTech Innovations. Riddle me this? Would you rather travel from New York to Los Angeles, hyperloop style , in half the time of flying, knowing that your safety is not assured, or sit aboard a conventional flight for 7 hours, knowing that you have chosen a statistically safer, though significantly slower, means of travel. Consumers are almost unanimously voting for the former, at least, metaphorically, when it comes to payments.

Payments 70

Payments Las Vegas Los Angeles Fraud 70

PYMNTS

SEPTEMBER 12, 2018

Western Union, the cross-border and cross-currency money movement company, announced on Wednesday (Sept. 12) that it has launched the Western Union mobile app with omnichannel options in Mexico, enabling customers in that country to send digital money transfers to more than 200 countries and territories. In a press release , Western Union said Mexico is the most recent country enabled for international digital money transfers.

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Payments Source

SEPTEMBER 12, 2018

After an attempt to test the service with Postmates years ago, the coffee company is now teaming up with UberEats to test delivery in more than 100 locations in the Miami area.

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Miami Company Retail 71

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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

SEPTEMBER 12, 2018

Chew on this: Food service businesses of all types demand fast and flexible payments, tackling issues as far flung as mobile order ahead and millennials. Tech and demographics are changing the way we eat. Matt Dye, director of business development at First American Payment Systems , said that in talking about food services there are several ways to get meals to the masses.

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Payments Millennials Tools System 108

Bobsguide

SEPTEMBER 12, 2018

In my previous article, I tried to answer the fundamental question of why anyone would need a token. Today, we know we need it in order to keep our money safe. It is a good time to reflect on some token-related problems and try to come up with a solution. We will address those problems both.

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PYMNTS

SEPTEMBER 12, 2018

From yoga retreats in Mongolia to brown bear watching in Romania, experiential platforms are connecting tour organizers with travelers hungry for adventurous excursions. Fixers , among other platforms, comes as part of a huge movement from a new generation of travel entrepreneurs: “They are creating a completely unique set of experiences,” Fixers Founder and Chief Creative Officer Lisa Simpson told PYMNTS.com in an interview.

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Millennials Customer Experience Online Course 108

Payments Source

SEPTEMBER 12, 2018

By bringing Prime benefits to the movie industry, through discounts or a MoviePass/subscription-based model, Amazon could entice even more users to its loyalty program, writes Tom Caporaso, CEO of Clarus Commerce.

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Industry Retail 64

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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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