Bank Innovation
DECEMBER 27, 2018
Bank Innovation's list of people to watch in 2019 include the head of a large bank, the head of a community bank, a regulator, an investor with money to burn and the head of one of the biggest fintechs in the industry. The people on the list were chosen by BI's editors and are listed in […].
PYMNTS
DECEMBER 27, 2018
Open banking, bank APIs and data sharing flourished in 2018, with small business and corporate financial services squarely in the path of this financial services trend as banks and FinTechs consider new ways to enhance business payments, accounting, treasury and financial management. The strength of open banking is apparent in the fact that it has gained traction even in markets like the U.S., where regulatory requirements for FIs to open up data are non-existent.
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Payments Source
DECEMBER 27, 2018
Despite what we assume are dedicated efforts to protect customer’s personal information, hackers are finding the loopholes in businesses’ process and technology data protection life cycle. It happened with Target in 2013, the Home Depot in 2014, and many others since, writes Todd Feinman, co-founder and chief product officer of Spirion.
PYMNTS
DECEMBER 27, 2018
The European Central Bank warned Thursday (Dec. 27) that the economy on a global basis is headed for a slowdown next year. Reuters, citing the European Central Bank’s regular economic bulletin, reported the European Central Bank said the global economy will stabilize after a slowdown in 2019. According to the report, investors have been expecting a slowdown in economic growth across the globe as the cost to borrow rises and the U.S. and China remain embroiled in a trade war.
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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
Payments Source
DECEMBER 27, 2018
Even if used to decorate your home with ideas before you purchase anything, the technology will completely change your perspective on reality-altering technology, writes Michael Volkmann, an entrepreneur who focuses on business operations and finance.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
DECEMBER 27, 2018
LifeLock co-founder Robert Maynard is behind a startup called SurchX, which hopes to capitalize on the confusion around swipe fees with technology that generates a surcharge amount customized for each transaction.
PYMNTS
DECEMBER 27, 2018
In 1960, Yul Brynner, Steve McQueen and Charles Bronson introduced America to “The Magnificent Seven,” a John Sturges film in which seven men are hired to defend a small village in Mexico from bandits. What does this have to do with small business banking? Simon Lyons, chief commercial officer at The Slide App, says there is also a Magnificent Seven that banks should call upon in 2019 to protect their customer base.
Payments Source
DECEMBER 27, 2018
Visa plans to acquire London-based bank payments provider Earthport for 198 million pounds ($250.6 million U.S.), pending approval of Earthport's shareholders.
PYMNTS
DECEMBER 27, 2018
Glenn Fodor, SVP and head of First Data Insights, contributed the following piece as part of PYMNTS’ 2018 year-end eBook. Following a year characterized by the disruption of the retail landscape, the growth of digital payments, and significant mergers and acquisitions, 2018 began with many observers expecting to see the downfall of brick-and-mortar in favor of eCommerce, further technological enhancements to digital payments and additional market consolidation.
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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
Payments Source
DECEMBER 27, 2018
The information you need to start your day, from PaymentsSource and around the Web: India limits foreign e-commerce; Alexa takes a holiday; Apple faces patent issues; and more.
PYMNTS
DECEMBER 27, 2018
Amidst the growth in number of cyberattacks and security breaches, consumers are growing increasingly concerned over the security of their personal data and privacy. In response, financial services providers and tech giants are looking to develop and implement new identity authentication tools to better protect customer accounts and information. In the latest Digital Identity Tracker , PYMNTS explores recent identity authentication and verification efforts from around the space.
Payments Source
DECEMBER 27, 2018
Business pay has always lagged consumer innovation because of complexity. But new advancements in underlying business technology should change that, according to Rob Eberle, CEO of Bottomline Technologies.
PYMNTS
DECEMBER 27, 2018
It has been a year of innovations for quick-service restaurants (QSRs), with chains rolling out new digital technologies to help diners order and pay for food without having to wait in line. From kiosks to online ordering and drive-through lanes, these merchants sought to provide their customers with digital alternatives to ordering at the counter in 2018.
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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.
ATM Marketplace
DECEMBER 27, 2018
Automated testing is an increasingly important consideration as payment providers, retailers and others expand the number of options available option to consumers and merchants.
PYMNTS
DECEMBER 27, 2018
According to the U.S. Department of Defense, blockchain has “a lot of potential” to help the way troops respond to disaster relief. During a recent meeting of the Troop Support division of the Defense Logistics Agency (DLA) in Philadelphia, hosted by the Troop Support’s Continuous Process Improvement (CPI) office, CPI management analyst Elijah Londo talked about what blockchain could bring to the table.
Payments Source
DECEMBER 27, 2018
The financial services and payments industries are aggressively trying to replace older systems with sleeker technology, but Swift has a separate goal in mind with the Global Payments Innovation system, or GPI.
PYMNTS
DECEMBER 27, 2018
The ex-CEO of the Mt. Gox bitcoin exchange, who faced charges of alleged embezzlement, denied guilt in a Tokyo court during closing arguments, Coindesk reported. The cryptocurrency exchange failed after it reportedly lost hundreds of thousands of bitcoins worth $480 million. Although the ex-CEO isn’t facing accusations over the losses from hacking, prosecutors contend that he moved 340 million yen to a personal account from an account at the exchange in 2013.
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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.
Payments Source
DECEMBER 27, 2018
India has tightened rules regarding how foreign e-commerce platforms are allowed to sell goods in one of the fastest growing online markets, a potential blow to companies like Amazon.com Inc. and Walmart Inc.’s Flipkart.
PYMNTS
DECEMBER 27, 2018
The Facebook Cambridge Analytica breach and the knowledge that the company was selling private information to companies might mean that Congress will consider a version of the European Union’s General Data Privacy Regulation (GDPR). Representative Will Hurd from Texas, the chairman of the Information Technology Subcommittee of the House Committee on Oversight and Government Reform, told a room of people at the Aspen Cyber Summit in San Francisco that a proposing a version of GDPR was definitely
ABA Community Banking
DECEMBER 27, 2018
Three ways in which the bank missed out on executing a successful change Bank Performance Feature Management Performance Tech Management Feature3 Financial Research Human Resources Technology HowTo Core Systems Branch Technology/ATMs Outsourcing/Cloud.
PYMNTS
DECEMBER 27, 2018
Judging by its holiday performance and PYMNTS research, Amazon is well on its way to commanding more of consumers’ paychecks in 2019. The 2018 holiday shopping season is also providing encouraging news for the ongoing development of the Internet of Things — and Amazon’s role in in that growing ecosystem. You may have already heard, but in case not, here is the main news: Amazon said this week that it had a record-breaking holiday season in 2018, with more items ordered around the globe than any
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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.
ABA Community Banking
DECEMBER 27, 2018
A case study in how a bank can help local communities Bank Performance Financial Research Feature Management Technology Feature3 Survival Strategies The Economy Human Resources Financial Trends Duties Lines of Business.
PYMNTS
DECEMBER 27, 2018
While Danske Bank’s shareholders started out the year feeling confident, the financial institution’s involvement in a massive money laundering scandal has led to its stock falling almost 50 percent in 2018. According to Bloomberg , shareholders had seen the value of their investment in Danske increase five-fold since the end of 2008. But that was before Denmark’s largest bank was being investigated over “massive money laundering flows” involving $150 million that made its way throu
ABA Community Banking
DECEMBER 27, 2018
Zappos has built a very positive culture and has focused relentlessly on customer service Bank Performance The Economy Human Resources Feature Management Technology Performance Customers Tech Management Consumer Compliance Feature3.
PYMNTS
DECEMBER 27, 2018
Apple is gearing up to have its high-end iPhones assembled in India via a unit of Foxconn, according to news from Reuters on December 27. The report stated that the company will begin production in the early part of next year. The decision marks the first time that Foxconn, which is based in Taiwan, will make a more expensive iPhone in India. The electronics company already makes Xiaomi phones in the country and has invested $356 million to expand the existing Foxconn plant in the southern sta
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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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