Bank Innovation
MAY 23, 2017
Blockchain is a technology that can cause a lot of frustration, but can also create a lot of joy. That’s according to Abigail Johnson, CEO of financial services giant Fidelity Investments. Fidelity is making strides in pioneering the adoption of blockchain technology and digital currencies; aside from a number of partnerships in the space (including […].
Payments Dive
MAY 23, 2017
Loyalty and order-ahead-and-pay are becoming the standard in the industry.
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Bank Innovation
MAY 23, 2017
Remember when blockchain was going to kill financial services? It seems to be building them up instead. Take companies like Deloitte: with several new partnerships, projects, innovation labs, and consortium memberships, financial services giant Deloitte might have a better grasp on blockchain’s potential than a couple shiny new fintechs. The company– which has been on […].
Chris Skinner
MAY 23, 2017
I recently had exposure to two industry reports that are worth bringing to your attention. The first is the Innovate Finance research into Industry Sandboxes. Commissioned by the Financial Conduct Authority (FCA), the UK regulator, the aim was to identify how Industry Sandboxes, rather than Regulatory Sandboxes, can help to create new services in finance.
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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
MAY 23, 2017
Most Americans lack $500 in savings to confront unexpected expenses. Why? To a great extent, it’s because saving isn’t fun — spending is fun. Furthermore, just over half of Americans gamble on the lottery each year. A new startup called Long Game aims to unite these two depressing facts into one cheerful whole — a […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Chris Skinner
MAY 23, 2017
Things we’re reading today include … Transferwise’s Borderless bank account lets you save money in different currencies Morgan Stanley to curb veteran adviser recruiting Barclays facing £1.6bn High Court lawsuit RBS on verge of avoiding embarrassing High Court battle as investors poised to agree to £200m settlement Bank of England Governor tricked by email prankster who conned Barclays boss Jes Staley Azerbaijan’s biggest bank launches debt restructuring CivilisedBank the late
Payments Dive
MAY 23, 2017
What’s at Stake for ATM Security - The primary security risk[1] for ATMs is skimming, where a criminal attaches or inserts tiny devices used to secretly steal payment card and authentication data from transactions by legitimate customers.
Abrigo
MAY 23, 2017
Everywhere these days, news headlines scream that automation stands to eliminate many of the traditional jobs in the U.S.: “ Robots are coming for white-collar workers’ jobs ” and “ More Robots, Fewer Jobs.” Indeed, a 2013 research study estimates that nearly half of total U.S. employment is at high risk of becoming automated over the next 10 to 20 years, and the study ranked accountants and auditors in the top one-sixth of the most automatable occupations.
Celent Banking
MAY 23, 2017
Banks continue to be pla gued by extremely high false positives. (They report anywhere between 75% and 90% false positive rates across their fraud and AML transaction monitoring systems.) False positives trigger alerts that then have to be resolved by fraud investigators. It is long standing and frustrating problem. Treating false positives, which in essence are low level alerts, require daily repetitive work by highly specialized employees.
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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 Dive
MAY 23, 2017
App developers need to build better & more usable mobile apps AND keep up with the latest security techniques & technologies.
PYMNTS
MAY 23, 2017
Phillips Edison & Company , a fully integrated real estate firm with a national platform of grocery-anchored shopping centers, released its industry insights on trending themes for retail shopping centers this week at ICSC’s RECon event in Las Vegas. According to a press release , shopping centers are becoming a social arena where shoppers can eat, drink, socialize and shop.
Payments Dive
MAY 23, 2017
Malware is getting more complex - Enter the world of RASP
PYMNTS
MAY 23, 2017
Ford Motor has appointed a new Chief Executive for the automaker who has little experience in the auto industry or the technology market , both of which are putting pressure on the company. According to a report , Ford’s new CEO Jim Hackett has been on the board at the car company since 2013 and has run the Smart Mobility Group for the last year, but most of his career was in the furniture market when he was in charge of office furniture company Steelcase for twenty years.
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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.
Payments Dive
MAY 23, 2017
What is Driving Digital Transformation in Banking Today?
PYMNTS
MAY 23, 2017
A new study has found that more pet owners are shopping for products online and traditional retailers will have to do more than boost their online presence in order to compete. Chain Store Age reports a study from research firm Packaged Facts found that 40 percent of pet owners are buying pet products online, up from 37 percent who shopped online the previous year.
Bobsguide
MAY 23, 2017
To compete and innovate in a global, technology-driven economy, banks and financial institutions must make unprecedented amounts of data available for analysis and process billions of transactions in real and near real-time. To achieve this, many institutions are adopting cloud-based applications.
PYMNTS
MAY 23, 2017
Whether it’s safeguarding sensitive personal and financial information from attacks like WannaCry or authenticating travelers at an airport, security is top of everyone’s mind these days. And, increasingly, governments and corporations alike are turning to new tech to help boost protection. The latest PYMNTS.com Digital Identity Tracker™, powered by Socure , features news on how biometrics is being used to guard against attacks in both the physical and digital realms. .
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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.
Cisco
MAY 23, 2017
One of the biggest frustrations in the financial services industry for both customers and employees are the multiple channels, handoffs, paperwork and processes that it takes to complete a complex transaction such as a new account opening, mortgage, insurance claims processing, etc. From a customer experience perspective, these poor digital experiences lead to loss of […].
PYMNTS
MAY 23, 2017
It took almost a full decade, but Americans’ debt level has reached a new all-time high, surpassing the $12.68 trillion peak it reached in the fall of 2008 — the same time that the Great Recession was earning its place in the history books. According to the latest data out of the New York Federal Reserve , total U.S. household debt hit $12.73 trillion at the end of the first quarter of 2017, up $473 billion from a year ago and $50 billion above the previous 2008 record.
Let's Talk Payments
MAY 23, 2017
While businesses are catching up with the rise of e-commerce and the mobile-first world, physical interfaces altogether are gradually falling into obsolescence. The year 2017 gives strong reasons to believe.
PYMNTS
MAY 23, 2017
Indian digital payments firm Paytm has officially launched a niche payments bank as part of its drive to double its customer base to 500 million over the next three years. The payments bank operates 31 branches and 3,000 customer points in its first year, the company noted in a release. Payments banks can take deposits but cannot make loans. Paytm’s bank will offer an interest of 4 percent a year on savings accounts and also provide current account facilities to merchants.
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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.
Bobsguide
MAY 23, 2017
bobsguide spoke exclusively to Nelson Holzner about his new role as CEO of AEVI. You’ve come from a company you founded to AEVI, what prompted the change? It was time for a change. My previous company BillPay reached a stage where we were ready to sell. We recognised a trend in the online.
PYMNTS
MAY 23, 2017
North Korea is the likely culprit behind the WannaCry cyber attack that managed to infect 300,000 computers worldwide. That comes care of cyber security firm Symantec, which confirms its researchers found multiple links between early versions of WannaCry and the code in previous outings by the North Korea-backed hacking group. Symantec’s investigation also found that the same Internet connection that was used to install an early version of WannaCry on two computers was used in the North Ko
Payments Source
MAY 23, 2017
The money will be used to hire more people. It is also a morale boost for the group, which has suffered some high-profile recent defections.
PYMNTS
MAY 23, 2017
Accounting software company Sage is acting on U.K. tax reform in an effort to help SMEs ease into the transition of going digital. The company said Monday (May 22) that it is working with Cashplus to help small businesses prepare for the Making Tax Digital legislation. Sage and Cashplus are integrating each other’s data to launch a new Sage tool called Bank Feeds, which means joint customers of Sage solutions and Cashplus business accounts can automate and streamline bank reconciliation to ensur
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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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