Bank Innovation
MAY 7, 2018
Conversational banking has been a hot topic in the space since early 2017, and that trend doesn’t seem to be going anywhere in 2018. At the center of this phenomenon is artificial intelligence company Kasisto and its co-founder and CEO, Zor Gorelov. Based in New York, Kasisto is still riding the wave of its successful […].
Chris Skinner
MAY 7, 2018
Today marks the day, finally, when Digital Human is available globally through Amazon, Google and all other online outlets. It was slightly delayed for release in Europe and America whilst the publishers were switched, but today it is finally online for all to order and receive within a day or two. … The post Two minutes on the future life of digital humans appeared first on Chris Skinner's blog.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PYMNTS
MAY 7, 2018
There are some things that happened so predictably they became like laws. Transistor density on microchips doubled every year and a half, so we started calling it Moore’s law, until it started slowing down. SNAP (the Supplemental Nutrition Assistance Program , colloquially known as food stamps) customers are easily assumed to be digital outsiders, but Propel is rewriting that rule.
Chris Skinner
MAY 7, 2018
Things we’re reading today include … Denmark’s Danske Bank caught up in major money laundering scandal ‘We want to get cash out of the system’ with mobile payments, Bank of America’s digital chief says Why Bank of America is funding rifle maker despite pledge to end gun support RBS boss … The post Things worth reading: 8th May 2018 appeared first on Chris Skinner's blog.
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
PYMNTS
MAY 7, 2018
The airline industry, in conjunction with Deutsche Bank, is trying to challenge credit card companies with a new digital payment system to purchase plane tickets. According to a report in the Financial Times , the real-time electronic payment system is being designed to save the airline carriers billions of euros in transaction fees. The payment systems, which will enable travelers to purchase web-based tickets, will be rolled out in Europe starting toward the end of this year.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
MAY 7, 2018
A Russian state-owned fund is trying to attract investment to the tundra and swamps of Siberia through a digital token sale backed by Siberian diamonds. According to The Financial Times , the plan will start a trial this month, where investors can buy a share in a diamond for as little as $10. If all goes well, future token sales will include the region’s forests, gas and gold, as well as its fresh water and fish.
Matt Wilcox Pro
MAY 7, 2018
There’s nothing quite so entertaining as an incompetent bank robber. Alas, as digital banking marches forward, we may see fewer and fewer of them. Before the art all but disappears, here are some favorite tales of mishaps and ineptitude. • Never underestimate a teller. In Dallas, a would-be robber demanded a teller hand over the [.
PYMNTS
MAY 7, 2018
Accelerating payments mean financial institutions have less time to identify fraud before a transaction clears and settles. With Same-Day ACH now a reality in the U.S., FIs are kept on their toes to mitigate this risk. In its analysis of the Same-Day ACH rollout, NACHA found no evidence that it led to an increase in fraud attempts or successful breaches.
Payments Source
MAY 7, 2018
Only through data can issuers create a superior digital customer experience and provide strategic guidance to help on-the-go customers, writes Lisa Woodley, vice president of FSI customer experience for NTT Data Services.
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
MAY 7, 2018
Whether robots will take our jobs or take over the mundane tasks for humans to shift to more strategic operations, one thing is for sure: Automation is changing the workforce. For small businesses, technology adoption often means more time for business owners and entrepreneurs to focus on strategic initiatives, instead of the repetitive, manual tasks on their to-do lists.
Payments Source
MAY 7, 2018
Microsoft will use the Stripe Connect platform to enable hundreds of millions of Outlook users to immediately pay invoices and bills received via e-mail in more than 135 countries.
PYMNTS
MAY 7, 2018
If it’s not a revolution, then it’s a rapid evolution. Wearable devices are gaining traction, a trend showing up in some recent numbers and earnings reports. Consider the fact that Apple is now the biggest watchmaker in the world, as evidenced by its first-quarter data, and 50 percent of smartwatches in the market come from that tech giant. Garmin , too, said earlier this month that its wearables sales were up 24 percent year on year.
Payments Source
MAY 7, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: JPMorgan files a patent app for transfer tech; Syncapay's looking for fintech investments; Ticketmaster's deploying new biometrics; Richard Branson warns about scams; Cryptocoin tax payments fall out of Arizona bill.
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
MAY 7, 2018
Bitcoin may be the marquee name in cryptocurrencies, but regulation may loom for its digital dollar brethren. Recent inquiries from regulators in the federal securities and commodities realms have centered on Ethereum. In this case, The Wall Street Journal reported, the interest is tied to whether the creators of cryptocurrencies beyond bitcoin can have an impact on the value of those very offerings.
Payments Source
MAY 7, 2018
A challenge for governments and banks in emerging countries is persuading consumers and small businesses to move from the informal cash economy to electronic payments. A project in Peru may be the answer.
PYMNTS
MAY 7, 2018
Microsoft and Stripe are teaming up to enable integrated payments in Microsoft Outlook, the companies announced on Monday (May 7). The partnership enables users of Microsoft Office to process invoices and make payments directly within the Outlook portal. The companies noted that payments can be made in more than 135 currencies. “Stripe’s goal is to increase the GDP of the internet, which we do by providing the tools and infrastructure that make it easier to transact online from anywhere in the
FICO
MAY 7, 2018
I recently had the opportunity to attend LendIt Fintech USA , a leading event discussing financial services innovation. Some of the top thought leaders in banking, finance, artificial intelligence, machine learning, and credit risk came together in San Francisco to discuss the key trends and innovations in our industry. The FICO team was excited to lead the Financial Inclusion track that focused on how to responsibly expand credit access to previously unscorable consumers.
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
MAY 7, 2018
More retailers are adopting the view that closing stores isn’t a failure or a loss, but simply a pathway to greater success. Closing 10, 20 or 100 locations is simply a way to remove the weak links and focus more heavily on locations and strategies that are generating better returns. So, when Williams Sonoma said on its 2017 fiscal year conference call that it plans to close 80 underperforming stores as their leases expire within the next three years, the announcement was made without any sense
Payments Source
MAY 7, 2018
Regardless of which bank a consumer uses, the Zelle interface should look more or less the same. This is the part of the customer experience Zelle controls and sells to consumers, making it the best way to deliver its security message.
PYMNTS
MAY 7, 2018
Bars sometimes have empty stools and are faced with a challenge: How can they get more people through the doors to order a few rounds? Apps such as Hooch seek to bring more people into bars by offering potential customers a perk — that highly sought-after free drink. The reason isn’t so much about the money. Though a free drink is essentially a discount, that’s not always the inherent reason why consumers like a free round: The free drink is more aspirational.
Payments Source
MAY 7, 2018
Often touted as Africa’s answer to online retail giant Amazon, Jumia wants 10-fold growth in revenue from Egypt and six-fold growth in the number of products offered on its platform to 12 million by 2021.
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
MAY 7, 2018
Not so fast with banning cash — that’s one of the messages coming out of the payments and food service world this month. Though variations of it have been heard for years, the newest iteration of the cash-is-dying idea provides a chance to see just how deeply entrenched this traditional form of money remains. Shake Shack , a burger chain, had a progressive vision for one of its newest eateries, located in the Astor Place area of lower Manhattan.
Payments Source
MAY 7, 2018
This deal is the fifth investment for Gulf Capital in the technology sector and is part of its efforts to develop the payment and digital financial transaction sector in the area.
PYMNTS
MAY 7, 2018
Crypto, now for use in the offline world? In ways that involve physical notes — the ones you (gasp) keep at the ready, poised to hand to merchants? Friday brought the news that bitcoin has made inroads into the tangible realm. To be specific: bitcoin notes are coming to Singapore. This may or may not change the landscape for cryptos. Will it mean uptake of bitcoin that will skyrocket beyond mere speculation, to become utility and utilitarian?
Payments Source
MAY 7, 2018
Companies such as FleetCor, WEX and U.S. Bank Voyager are in a fierce competition that's driving a wave of innovation as these companies look for advantages in fuel, lodging, tools and other expenses.
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.
253 
Let's personalize your content