Bank Innovation
JUNE 26, 2017
For the third consecutive year, Bank Innovation has teamed up with Open Bank Project and (this year) the University of Warwick, to conduct a research survey on how financial institutions worldwide are prioritizing API initiatives in 2017. The report, which surveyed more than 200 high-ranking executives from financial services and banking industry, indicated a growing […].
Chris Skinner
JUNE 26, 2017
It was exactly 50 years ago today that the world’s first ATM was unveiled at a Barclays branch in Enfield, London. As a tribute to the golden anniversary, Barclays has transformed the modern-day Enfield cash machine into gold. Today, more than half of UK adults use an ATM at least once a week. Barclays Bank unveiled its first cash machine in the UK in 1967.
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Bank Innovation
JUNE 26, 2017
What does it take to scale a successful robo-advisor? How do you choose whether to partner with an incumbent or another fintech? How do you build a diverse startup team? It starts with a narrow consumer focus, according to Vicki Zhou, co-founder of WiseBanyan, which offers free automated robo-advisory services to its customers. “Everything we […].
Accenture
JUNE 26, 2017
Steve Jobs once said, “Your customers dream of a happier and better life. Don’t move products. Instead, enrich lives.” Considering the degree to which Apple’s products are ingrained in people’s day-to-day lives, they’ve stuck well to Jobs’ guidance. One of the areas of retail banking where it should be easiest to sell dreams, not products, is the mortgage business.
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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
Bank Innovation
JUNE 26, 2017
How do you serve the investor that’s never invested before? Fiserv and GoldBean have a solution. Financial solutions provider Fiserv has partnered with digital investing startup GoldBean in order to bring personalized, digital financial advice to Fiserv customers, the companies announced today. “For the vast majority of people who have a wealth manager or an […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
JUNE 26, 2017
Online retail sales in the U.K. have seen a lot of action over the past six months. As we reported back in January, the U.K.’s eCommerce sales have seen a significant year-over-year increase. Between 2015 and 2016, U.K. eCommerce sales saw a nearly 16 percent increase from £114.75 billion all the way up to £133 billion. Stemming from Interactive Media in Retail Group’s research, eCommerce sales in the U.K. are set to see a 14 percent increase by the end of this year.
Let's Talk Payments
JUNE 26, 2017
Everyone needs insurance, so it shouldn’t be complicated or tricky. That’s why across the globe, entrepreneurs are rising to meet the challenge of making it affordable and simple for all.
PYMNTS
JUNE 26, 2017
Google’s AI fund has made its first public investment, leading a $10.5 million Series A funding round for Algorithmia , a marketplace and enterprise solution that enables developers to tap into its catalog of 3,500 algorithms, functions and machine-learning models. According to news from TechCrunch , other participants in the round include new investor Work-Bench, as well as current investors Madrona Venture Group, Rakuten Ventures and Osage University Partners.
Let's Talk Payments
JUNE 26, 2017
The agreement represents the most important integration of a mobile payment system in the Italian large-scale retail sector; All 154 Esselunga stores will be involved by the end of the.
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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
PYMNTS
JUNE 26, 2017
As more customers engage in cross-border trade, the pressure is on merchants to meet the demand for convenient payment options. In an effort to meet the changing demands of a growing consumer base, several FinTech players are offering new payment services to address the payment needs of all types of merchants. These services are not just enabling merchants to offer consumers greater convenience, but are also providing new opportunities to foster customer engagement, beef up payment security and
Let's Talk Payments
JUNE 26, 2017
With 2.3 billion smartphones in use today, customers will tap, touch, swipe and click their phones 2,617 times a day. Research also shows that people spend 90% of their mobile.
PYMNTS
JUNE 26, 2017
Visa has been going big in B2B payments as of late. Earlier this month the credit card giant launched its Visa Ready Program for Business Solutions, a collection of B2B payment and finance services, from virtual cards to AP automation, to accelerate companies’ use of such digital tools. Last year, Visa revealed it was working with blockchain company Chain to develop Visa B2B Connect, a platform for FIs to make payments and settle funds for corporate clients using blockchain infrastructure.
Bobsguide
JUNE 26, 2017
"Is PSD2 a good thing, or a bad thing?" That's the question that's kept many online payment commentators busy for the better part of two years. The motivating goal behind the legislation is to protect the interests of consumers—but, in doing so, PSD2 also appears to threaten.
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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.
PYMNTS
JUNE 26, 2017
A new generation of entrepreneurs is on the horizon, and they’re shaping the way corporates adopt, interact with and influence technology. A new report from HSBC Private Bank explored how younger entrepreneurs are divvying up their time in new ways to optimize their performance. The “ 2017 HSBC Private Bank: Essence of Enterprise ” report compares populations of entrepreneurs across two different generations — those in their 20s and 30s and those who started their business in their 50s — to expl
Bobsguide
JUNE 26, 2017
The regulators have been clear in communicating the instruction that they expect best efforts to be made to comply with the fast approaching 3rd January 2018 deadline for MiFID II. Whilst an army of consultants have spent months explaining the challenges and interpreting the regulation, now is the.
PYMNTS
JUNE 26, 2017
An Amsterdam-based bank, ABN Amro , may have taken payment wearables to a new level. In a pilot test round, the bank is giving out near field communications (NFC)-enabled rings to a select group of customers. ABN Amro plans on rolling out more of these rings in the latter half of 2017. The wearable rings were provided by wearable tech company Kerv which debuted the ring at the Wearable Technology Show earlier this year.
NCR
JUNE 26, 2017
Consumers have more options available to them than ever when it comes to making a payment. Whereas in years past, a cashier may simply have had to ask “cash or card?”, today’s environment provides a range of options, both in person and through digital channels. In store, options such as contactless cards, NFC-equipped smartphones and even wearable devices such as the Apple Watch allow consumers to choose whatever option is most convenient for them at any given time.
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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.
PYMNTS
JUNE 26, 2017
In today’s fast-paced, tech-savvy society, it’s not enough to install a antivirus software on any connected device and expect to never be under cyber attack. While constant vigilance can help mitigate hacking, it’s not likely that it will prevent attacks 100 percent of the time. This past Saturday (June 24) British Parliament was one such entity that fell victim to a cyber attack.
BankNXT
JUNE 26, 2017
What do banks need to be thinking about in the face of new realities? Oliver Bussmann and Antony Jenkins look at the options and opportunities. Everything else is changing – why isn’t your bank? on BankNXT.
PYMNTS
JUNE 26, 2017
It seems that most every industry these days is vying for millennial dollars and devotion. Like it or not, the 17-to-29-year-olds who have grown up with smartphones in hand are now determining the formulation and reformulation of most consumer-facing businesses. For an industry where millennials are projected to spend nearly $800 billion in 2017 (that’s 7 percent more on monthly food budgets than average Americans), restaurants are hankering to pull out all the stops to get millennials to order
Payments Source
JUNE 26, 2017
Punchh is betting NFC will be widespread, and it hopes to get an edge with clients with a direct connection to Apple Pay, enabling consumers to simultaneously earn and redeem restaurant loyalty program points.
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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.
PYMNTS
JUNE 26, 2017
Class is in session! For the summer. Today, (June 26), Mastercard announced news that it admitted six new startups into the Start Path program’s class of 2017. So far, Mastercard says that Start Path has helped 150 later-stage tech and FinTech startups grow from “good to great to global.”. “We tailor a specific program to each of the companies as they go through the six months,” Amy Neale, vice president of Mastercard Start Path told PYMNTS.
Payments Source
JUNE 26, 2017
Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Barclays examines bitcoin; NACHA standardizes APIs; Kerv gets a pilot; ANZ adds e-commerce expert for IT overhaul.
PYMNTS
JUNE 26, 2017
Airbnb, the home swapping service, is reportedly testing a new fare split feature that enables users to split the cost of lodging between friends. According to a report, Airbnb is taking a page from Uber that already enables riders to split the fare. The feature works like this: If a group of friends are booking a room instead of getting charged the full amount on a credit card, the cost split can be up to 16 ways.
Bobsguide
JUNE 26, 2017
Technology is playing an increasingly prominent – and essential – role in efforts by banks and financial institutions to improve the products and services they offer their customers. Over the past decade, the realisation has dawned that – as well as presenting opportunities to.
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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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