Bank Innovation
SEPTEMBER 13, 2017
EXCLUSIVE – Apple introduced the iPhone X yesterday, and as pundits predicted, it does away with Touch ID in favor of Face ID, a biometric authentication system based on the user’s face. The accuracy of Face ID is supposed to reduce false positives to 1 in a million (though the demo failed on stage yesterday) […].
Chris Skinner
SEPTEMBER 13, 2017
When I fly with British Airways, which I try to avoid these days thanks to the fatuous actions of their lame duck CEO, then I’ll always check out the latest edition of Business Life. It’s their upmarket magazine for business fliers, and usually hits the right note. So imagine my … The post Even British Airways gets blockchain now appeared first on Chris Skinner's blog.
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Bank Innovation
SEPTEMBER 13, 2017
APIs, or Application Programming Interface, have seen tremendous growth, especially in the finance space. The spike in numbers comes as no surprise with the ever-increasing number of fintech startups as well as traditional banks and financial institutions rushing to integrate APIs in some form or the other. Other factors contributing to this growth, according to […].
Chris Skinner
SEPTEMBER 13, 2017
Things we’re reading today include … Darling: Brexit would not have happened without banking crisis The relentless rise of tap and pay Ten years after Northern Rock: has UK banking changed? From Silk Road to ATMs: the history of bitcoin Northern Rock: ‘We all thought our money was at risk’ … The post Things worth reading: 14th September 2017 appeared first on Chris Skinner's blog.
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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
SEPTEMBER 13, 2017
Finovate Fall 2017 continued its second day of demos with financial service companies showing off everything from biometric solutions for traders, to how to program an old gumball machine to accept mobile payments. The day also saw the announcement of which companies won the event’s “Best in Show” award, the winners of which formed a […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
SEPTEMBER 13, 2017
EXCLUSIVE- SME banking app, Seed, is gearing up to roll out a tool that supports Apple iPhone X’s new Face ID feature, Bank Innovation learned. This makes sense, since the San Francisco-based digital bank’s mobile app is currently only available on iOS. “The product that supports Apple’s face authentication will be coming out soon,” Brian […].
Abrigo
SEPTEMBER 13, 2017
In the recent Sageworks webinar “Actionable Steps to Prepare for CECL Today,” Neekis Hammond and Jared Mills, advisory services consultants at Sageworks, discuss five actionable steps credit unions can take to prepare for the upcoming CECL regulation. Coordinate departments The first step describes the importance of coordinating with other departments to form a CECL committee.
Bank Innovation
SEPTEMBER 13, 2017
Apple‘s facial recognition technology or its “FaceID” service will work with Apple Pay and select third-party apps, the company announced among other things at the Apple event yesterday. Among its other uses (FaceID essentially replaces TouchID for Apple’s newest iPhone), the feature allows a user to unlock their coveted iPhone X with a selfie. […].
PYMNTS
SEPTEMBER 13, 2017
There’s a ton of warehouse space in the United States today: about 14.5 billion square feet, according to Jonathan Rosenthal, chairman and co-founder of Warehouse Exchange. But that’s not the shocker, he told Karen Webster in this week’s Matchmaker. According to Rosenthal, the amount of space that goes unused on any given day is 4 billion square feet, or roughly 30 percent.
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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
Bank Innovation
SEPTEMBER 13, 2017
Equifax is likely to face a lawsuit from Massachusetts Attorney General Maura Healey, who said Tuesday that she plans to file a lawsuit against the credit rating agency over a data breach that’s compromised the personal information of the state’s residents. On Tuesday, Haley filed a notice of intent to sue the Atlanta-based Equifax for not […].
PYMNTS
SEPTEMBER 13, 2017
Sabre Corporation has published the results of its “ 2017 Asia Pacific Corporate Traveler Study ,” identifying two major trends driving business travel in the region: an increased emphasis on mobility and a growing concern over non-compliance. The company surveyed corporate travel professionals across 19 markets in the Asia Pacific region, including professionals at travel management companies and agencies representing corporate travelers.
Bank Innovation
SEPTEMBER 13, 2017
As someone who has worked within the FinTech scene for the past 3 years now, I've seen a lot of ups.
PYMNTS
SEPTEMBER 13, 2017
Augmented reality (AR) is making itself right at home in the home furnishing retail space. IKEA, the Swedish home goods giant, has officially launched its new AR app, IKEA Place, to help customers virtually try before they buy. With the app, customers can visualize how a sofa, armchair, footstool or coffee table will look in their homes before they go to the expense and trouble of buying it, bringing it home and assembling it.
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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.
Bobsguide
SEPTEMBER 13, 2017
In the early 1990's, the increasing popularity of automated teller machines (ATM's) revolutionised banking, lowering the number of tellers required for each branch and allowing thousands of new branches to be opened as a result. Now, the banking industry is on the cusp of another.
PYMNTS
SEPTEMBER 13, 2017
The Consumer Financial Protection Bureau announced Tuesday (Sept. 12) that recent supervisory actions resulted in $14 million in relief to more than 104,000 consumers from January through June 2017. In a press release detailing the CFPB’s Supervisory Highlights report , the government watchdog said that supervisory actions included banks that misled consumers about the fees associated with checking accounts and overdraft coverage, as well as credit card companies that deceived consumers about pa
Payments Source
SEPTEMBER 13, 2017
The open tech that powers added data sharing has already resulted in security events, writes Stephen Singham, managing director of security research at Distil Networks.
PYMNTS
SEPTEMBER 13, 2017
When the going gets tough, the tough restructure their retail operations in an attempt to better facilitate change. Well, they do if they’re Walmart anyway. Consolidation is coming to Walmart starting today, when six retail business units will be contracted down to four, according to a recent news release. “Our last field restructure was several years ago, and our business has changed over that time,” the company said in a statement.
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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.
Let's Talk Payments
SEPTEMBER 13, 2017
Africa’s startup ecosystem has been actively growing in recent years and attracting the attention of large institutions and bright entrepreneurs as a highly potent market. In addition to banks and.
PYMNTS
SEPTEMBER 13, 2017
Gazing into the pantry, the kids whine that there is nothing to eat — and they’re partially right. There’s no ready food, only ingredients. To eat them, first someone would have to prepare them. Grocery stores can feel just like that pantry: empty of “food,” full of ingredients (although most now have prepared food sections, and some even have their own cafés).
Bobsguide
SEPTEMBER 13, 2017
The Markets in Financial Instruments Directive II (“MiFID II”) aims to improve current European legislation by introducing further transparency into financial markets and extending increased protection to investors. The incoming directive will add increased complexity to the Client.
PYMNTS
SEPTEMBER 13, 2017
Last week , Equifax disclosed a data breach that could impact 143 million consumers. Based on the company’s investigation, the unauthorized fraudulent access occurred from mid-May through July 2017, Equifax said in a news release. The information includes names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers, though the company also reported U.S. consumer accounts and certain dispute documents with personal identifying information may have been
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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.
Let's Talk Payments
SEPTEMBER 13, 2017
The owner of a company tells his employees, “You worked very hard this year, therefore the company’s profits increased dramatically. As a reward, I’m giving everyone a check for $5,000.
PYMNTS
SEPTEMBER 13, 2017
Everybody eats. A brief look at our nation’s Instagram feeds or BMI averages quickly confirms that Americans eat far more often than necessity requires. We don’t just eat to live in this country — we live to eat, and also to photograph the things we are eating in order to upload them to the world. In light of all that food-related enthusiasm, one might assume that selling food would be among the easier gigs out there, and, broadly speaking, that is true.
NCR
SEPTEMBER 13, 2017
Customer experience and the relationships consumers have with their banks have never been more important. Fintechs are carving out their niche in the financial services industry by making the needs and expectations of the modern-day consumer their number one priority. They also offer a genuine alternative to established financial institutions, which must respond by showing they are not being left behind in the customer experience stakes.
PYMNTS
SEPTEMBER 13, 2017
Aquiire , an eProcurement company, has acquired technology from semantic search firm Zakta to enhance its services with machine learning, news reports said Tuesday (Sept. 12). Aquiire said it purchased the rights to Zakta’s machine learning and collaborative search technologies and will imbed that tech into its real-time procure-to-pay platform. Zakta’s technology includes visual search and discovery, natural language processing, data mining and other capabilities.
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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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