Chris Skinner
FEBRUARY 10, 2019
I’ve been blogging about digital transformation and one commentator asked me to qualify what I actually meant by a bank ‘transforming’ versus the others. This is something I intended to blog about but Bill Streeter over at The Financial Brand beat me to it in his reporting of research by BDO, … The post Is the bank talking or walking digital? appeared first on Chris Skinner's blog.
PYMNTS
FEBRUARY 10, 2019
Despite the fact that it’s rejected a number of bitcoin exchange-traded fund (ETF) proposals, a commissioner at the U.S. Securities and Exchange Commission (SEC) believes one will eventually win approval. “Eventually, do I think someone will satisfy the standards that we’ve laid out there? I hope so, yes, and I think so,” said Robert J. Jackson Jr., according to CoinDesk.
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Chris Skinner
FEBRUARY 10, 2019
The main blog headlines are … Is the branch dead? A regular discussion of mine has resurfaced in recent days: is the branch dead? Why it has returned is due to the announcement of Santander closing a fifth of its UK branch network: The Spanish-owned bank, which has one of the largest … The post The Finanser’s Week: 4th February – 10th February 2019 appeared first on Chris Skinner's blog.
PYMNTS
FEBRUARY 10, 2019
Some of OkCupid’ s users have reported that their accounts have been hacked, although the dating site is denying it has experienced a security breach. A user who contacted reporters revealed that a hacker broke into his account and changed his password, as well as his email address on file, so that he couldn’t reset his password. OkCupid also never sent an email to confirm the address change, and was unhelpful when its customer reached out for assistance.
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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
Chris Skinner
FEBRUARY 10, 2019
Things we’re reading today include … Wells Fargo data center up in smoke, bank website, app down UBS overhauls pay policy for 10,000 employees: Financial Times Banking reform won’t happen until after the election, Christopher Pyne says HSBC’s Mark Tucker to become chair of TheCityUK Government’s secret post-Brexit plan must … The post Things worth reading: 11th February 2019 appeared first on Chris Skinner's blog.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Insights on Business
FEBRUARY 10, 2019
Blockchain is one of the hottest movements in the financial services industry, but people continue to question where it exists on the hype cycle at every major conference I attend. While other companies are still defining use cases and exploring proof of concepts, IBM already has blockchain solutions in production and often encourages new clients to skip the proof of concept stage and join one of their existing networks.
PYMNTS
FEBRUARY 10, 2019
Facebook has acquired GrokStyle , the maker of image-matching technology, to beef up its work in the field. Bloomberg reported Facebook spokeswoman Vanessa Chan confirmed the acquisition, saying the social media giant is excited to bring in GrokStyle. “Their team and technology will contribute to our AI capabilities,” the spokeswoman said in the Bloomberg report.
Payments Source
FEBRUARY 10, 2019
JPMorgan Chase, Capital One, Citigroup, Pentagon Federal Credit Union and a handful of others have pumped more than 100 million contactless credit and debit cards altogether into the U.S. market recently, but it’s a drop in the bucket in the world’s largest card market.
PYMNTS
FEBRUARY 10, 2019
Karan Bhatia, vice president of global public policy and government relations at Google, said there should be common rules when it comes to regulating technology on a global basis. According to a report in CNBC , during a CNBC-hosted panel at the World Government Summit in Dubai, Bhatia said that while one approach to regulating technology won’t work all the time, there are some areas where there could be a convergence of regulations globally.
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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
FEBRUARY 10, 2019
There is a fundamental irony in the “blockchain, not crypto” position espoused by traditional financiers and business professionals. They encourage those entering the space to widen their view of these new protocols beyond their speculative monetary values in favor of real-world use cases of the technology, writes Sky Guo, CEO of Crypherium.
PYMNTS
FEBRUARY 10, 2019
DoorDash and Amazon Flex are not taking a page from Instacart when it comes to using tips from delivery workers to meet their flat rate of pay, vowing to continue the practice. According to a report in The Verge , last week Instacart reversed the pay structures policy after facing backlash on social media and in the press. But the report noted that DoorDash and Amazon Flex have similar policies on the books and they have no intention of changing them.
The Paypers
FEBRUARY 10, 2019
(The Paypers) Pakistan Post has launched an ecommerce service to facilitate the expansion of ecommerce in the country.
The Financial Brand
FEBRUARY 10, 2019
The merger between BB&T and SunTrust raises tough questions for smaller institutions. How can they cut costs and keep up in digital channels? The post Too Big to Fail, Too Small to Succeed appeared first on The Financial Brand.
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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.
CB Insights
FEBRUARY 10, 2019
In collaboration with the New York Times, we put together a list of 50 future unicorns (companies that we think will eventually be valued at $1B or more). FREE DOWNLOAD: THE COMPLETE future unicorns LIST. Get an excel file with the entire Future Unicorns list including each company’s total funding, industry and more. Email. To identify companies, we used our Mosaic algorithm , a metric that combines a company’s financial health, the amount of traction it has, and the strength of its
The Financial Brand
FEBRUARY 10, 2019
BB&T-SunTrust deal points up an unpleasant truth: Smaller banks face competitive disadvantage in digital environment due to tech and cost structure. The post Too Big to Fail … Too Small to Succeed appeared first on The Financial Brand.
PYMNTS
FEBRUARY 10, 2019
Deutsche Bank is now paying the highest financing rates on the euro debt market as compared to other major financial institutions, which could lead to a loss of transactions with some of its biggest clients. “Deutsche has to pay significantly higher risk premiums than almost all other large European banks?.?.?.?[the] high spreads express severe doubts, mainly triggered by its poor revenue,” said Michael Hünseler, head of credit portfolio management at Assenagon, according to The Financial Times.
The Financial Brand
FEBRUARY 10, 2019
Bank of America CMO Meredith Verdone reveals why they felt the time was right to rebrand with a new corporate identity. The post An Inside Look at The Strategy Behind BofA’s Brand Refresh appeared first on The Financial Brand.
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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.
Insights on Business
FEBRUARY 10, 2019
Welcome to Think 2019 in San Francisco, CA! This week the conference begins, and I hope you’re booking plans to engage with the great financial services activities and experts at the conference. Each day, I will update and revise this blog with financial services news, announcements, videos, and blogs live from the floor at Think. Return often and let it serve as your guide for financial services highlights at Think.
The Financial Brand
FEBRUARY 10, 2019
A strategic financial education program can build trust, generate awareness, drive traffic to your website — all leading to greater sales and increased loyalty. The post Turn Financial Literacy Content Into Potent Marketing Tool appeared first on The Financial Brand.
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