Chris Skinner
SEPTEMBER 18, 2017
As part of the blockchain conference, I chaired a session with some central bankers talking about their views on distributed ledger technologies. These central banks have run trials and are thinking about it, but none of them are particularly big on blockchain right now. As mentioned on Friday, they see … The post The regulator’s view of bitcoin, 2017 appeared first on Chris Skinner's blog.
Bank Innovation
SEPTEMBER 18, 2017
Ant Financial, the Chinese payments company behind Alipay, is planning a third attempt to acquire U.S. money transfer service MoneyGram. Ant Financial first applied to buy the money transfer service for U.S. review earlier in 2017 after months of negotiating for MoneyGram’s acquisition; that first application failed to gain security clearance from the Committee on […].
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Chris Skinner
SEPTEMBER 18, 2017
Things we’re reading today include … Mark Carney says rate rises will be gradual and limited Finger-based payment system begins roll-out US launches criminal probe into Equifax breach RBS avoids forced sale of Williams & Glyn HSBC: We were wrong to predict slide in pound this year South Africa’s tax … The post Things worth reading: 19th September 2017 appeared first on Chris Skinner's blog.
Bank Innovation
SEPTEMBER 18, 2017
Maybe Americans are not as fond of prepaid cards as the industry might have one thinking, at least according to a new report by Mercator Advisory Group titled Consumers and Prepaid: Caution Ahead. The report, published last week, shows that U.S. consumption of prepaid cards has dipped the first time in five years. The report was […].
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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
PYMNTS
SEPTEMBER 18, 2017
In the wake of the massive data breach at Equifax , the embattled credit scoring company announced that the Chief Information Officer, David Webb, and the chief security officer, Susan Mauldin, will both retire. According to a report in the Wall Street Journal , Webb’s job will be taken over by Mark Rohrwasser, who has headed up Equifax’s international IT operations since 2016.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
SEPTEMBER 18, 2017
How secure do you feel when it comes to payments? Perception is not always reality, but it does matter. Consider a survey commissioned by payment, telecom and financial data solutions provider Transaction Network Services (TNS), which found that 85 percent of adults across the United States, the United Kingdom and Australia believe fraud attempts on debit and credit cards are on the upswing.
Bank Innovation
SEPTEMBER 18, 2017
SoFi’s hopes of becoming a bank have most likely been crushed after the departure of former CEO Mike Cagney, Securities and Exchange Commission former chairman Arthur Levitt told the Financial Times yesterday. The charter, submitted to the State of Utah last June, would give the online lender the ability to collect deposits insured by the […].
PYMNTS
SEPTEMBER 18, 2017
Maybe it was a sweater, maybe it was socks — but, for most people with knitting-inclined relatives, Christmas wasn’t quite Christmas until they had opened the latest of the hand-knitted wool hats from a grandmother. Sometimes those items were perfect, and other times they were awesomely, unintendedly asymmetrical, depending how good at knitting one’s nana actually was.
Bank Innovation
SEPTEMBER 18, 2017
EXCLUSIVE — Finn.ai wants to use artificial intelligence and machine learning to promote financial literacy and healthy consumer behaviors in its users. The conversational commerce platform, which currently works with banks to provide a white-labeled “virtual assistant” for banking apps powered by AI, is developing new features for what it calls “customer care.
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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
SEPTEMBER 18, 2017
Amazon is bringing instant gratification to a new level, offering customers the ability to purchase clothing directly from the catwalk at a London fashion show. According to a news report in Reuters, Amazon offered one-hour delivery on clothing for the Nicopanda label, created by Diesel’s former creative director, Nicola Formichetti. The assortment available for purchase included a six-piece unisex streetwear collection that incorporates a hoodie, long-sleeved tee, bomber jacket, leggings, clutc
Bank Innovation
SEPTEMBER 18, 2017
The payments space is tumultuous and fast-moving, with new entrants appearing all the time. So how does a global payments company cope, and deal with diverse challenges such as paying with selfies, P2P payments, and blockchain, not to mention Apple Pay, Samsung Pay, Anrdroid Pay, and all the other Pays? Debbie Barta, Mastercard’s senior vice […].
PYMNTS
SEPTEMBER 18, 2017
While Amazon is auditioning potential host cities in something that has turned into commercial real estate’s version of “The Bachelor,” Walmart has more quietly announced news that its new headquarters will stick with the firm’s historical home of Bentonville, Arkansas. Walmart CEO Doug McMillon confirmed in a note to employees last week that the firm’s current corporate campus — a hodgepodge of more than 20 buildings that are spread across a few different comunities — have long since outlived t
Let's Talk Payments
SEPTEMBER 18, 2017
As a business person working across the digital and technology areas in banking for the past two decades, I have realized that business leaders have a bit of mental block.
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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
SEPTEMBER 18, 2017
According to a recent survey by Transaction Network Services (TNS), 85 percent of adults in the United States, United Kingdom and Australia believe fraud attempts on debit and credit cards are on the upswing. The poll, which boasted more than 3,000 respondents, covered topics including customer expectations pertaining to credit and debit card data, tech-savviness of consumers, levels of data security protocols in place, perceptions of data security, how consumers are making payments based on per
Bobsguide
SEPTEMBER 18, 2017
There’s probably a very good anecdote about a host of castle architects being given the axe by their liege lords because they couldn’t build fortifications strong enough and quickly enough to counter the fresh structural challenges of cannon technology. The modern equivalent may well be.
PYMNTS
SEPTEMBER 18, 2017
Corporate travel and expense management policy and practices have garnered attention from across the enterprise, with everyone from CEOs to CIOs looking at how T&E can promote growth, cut costs, boost efficiency and productivity, and enhance insight into the company via data analytics. It’s a huge area of spend for businesses, meaning it’s a huge opportunity to cut costs and make a real impact on the bottom line.
Payments Source
SEPTEMBER 18, 2017
Unattended gas pumps would seem to be the perfect use case for EMV's anti-counterfeiting security, but many gas station owners are putting off their upgrades for as long as possible due to hardships that other retail categories don't face.
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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
SEPTEMBER 18, 2017
In this week’s Facebook tracker, the social media giant amps up community vibes with its new standalone group video chat Bonfire app, while also cracking down on ads that target haters or run beside objectionable content. Facebook Messenger growth remains strong but is slowing, and there’s a new way to get rid of that friend or page’s endless annoying posts without severing the connection.
Let's Talk Payments
SEPTEMBER 18, 2017
Paris Hilton supports an ICO the same week as the People’s Republic of China determines that Initial Coin Offerings or ICOs constitute ‘illegal fundraising.’ Back in the United States, contact.
PYMNTS
SEPTEMBER 18, 2017
Times have been tough for Gap, Inc. in recent years, as an almost quintessentially mall brand finds itself scrambling as malls nationwide struggle. And Gap, Inc. CEO Art Peck says many of its 3,000 brick-and-mortar stores — hundreds by his count — need to close because there is nothing they can do to save them. Specifically, Gap and Banana Republic locations are failing.
Bobsguide
SEPTEMBER 18, 2017
Nadeem Syed, CEO at Finastra spoke exclusively to bobsguide about the Misys merger with D+H, to form one of the globe’s largest fintech companies by revenue size. How long ago did the idea start to formulate to merge D+H and Misys? The germination of the idea began from the.
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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
SEPTEMBER 18, 2017
Baseball season is winding down as the playoffs loom (Go Red Sox), football season is warming up (Go Pats) and the transition to fall is upon us. Warm gives way to the cold, green leaves give way to reds and golds and T-shirts give way to sweaters and hats. Shifts and transitions were a theme in this week’s payments and commerce news, too. Venmo launched a debit card powered by Shift Financial, Equifax tried to shift some blame for its horrific breach and Nordstrom decided to transition to
ATM Marketplace
SEPTEMBER 18, 2017
As retail banking becomes increasingly competitive, and more and more financial institutions (FIs) vie for consumers’ attention, customer experience is increasingly important. It may even become a deciding factor in where customers bank.
PYMNTS
SEPTEMBER 18, 2017
What to do in the wake of the Equifax breach: Run? Hide? Freeze credit? That’s just on the consumer side, and none of them are delightful choices. . What about for financial services firms? The options aren’t much better, and hinge on a significant quandary: How do they know that the person for whom they are opening a new account, authorizing a transaction on a credit card or extending a line of credit is the rightful owner of the credentials they’ve produced?
Payments Source
SEPTEMBER 18, 2017
In India, dLocal wants to enable global e-commerce companies to accept payments from and make payments to India to serve consumers, contractors and supply chains.
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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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