Chris Skinner

APRIL 11, 2018

I am struck every day by the disparity in financial structures I see worldwide. Recently, I’ve visited Tunisia, Egypt, Sudan and Ethiopia for example, and am bemused how none of these countries has a strong mobile wallet operator. Instead, the nations seem to be 100% cash-focused, as my credit cards … The post Mobile payments are on fire everywhere and, whilst some are just catching fire, others are burning appeared first on Chris Skinner's blog.

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Bank Innovation

APRIL 11, 2018

Enterprise blockchain provider Ripple has made a $25 million investment in blockchain startup, Blockchain Capital, the company announced today. The growth of Blockchain Capital’s fund, which is now hovering at $150 million, will help support entrepreneurs and startups in the space. Ripple’s own investment will also be used to “provide an opportunity to identify new […].

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Chris Skinner

APRIL 11, 2018

Things we’re reading today include … PayPal Makes a Move Toward Traditional Banking Bank of America Says It Will Stop Lending to Military-Style Gunmakers UK interest rates should be raised without delay, says Bank’s McCafferty – as it happened Bank of America: Tech stocks could be headed for regulatory-driven collapse … The post Things worth reading: 11th April 2018 appeared first on Chris Skinner's blog.

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Bank Innovation

APRIL 11, 2018

National Australia Bank (NAB) today added Google Pay to its roster of mobile payments services. NAB customers can now use Google Pay to make contactless payments. On its digital payment services, NAB currently has NAB Pay, which works on Android devices, NAB PayTag for iOS devices, Samsung Pay, Fitbit, and Garmin wearables. In a statement […].

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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

Lending

PYMNTS

APRIL 11, 2018

Financial services players, both big and small, are embracing APIs in a major way — as they should. From solutions designed to increase the use of new technologies like the blockchain , to those aimed at giving consumers a more personalized set of products and services, APIs are being used to unlock all kinds of new capabilities. And now, around the industry, banks, financial managers and other players are seemingly embracing the age of APIs.

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PYMNTS

APRIL 11, 2018

Ripple , the blockchain company, announced news on Wednesday (April 11) that it has invested $25 million of its XRP cryptocurrency in Blockchain Capital’s $150 million fund Blockchain Capital Parallel IV. In a press release, Ripple said Blockchain Capital is the first fund focused solely on the blockchain space and is also the first to accept capital calls in cryptocurrency.

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Bank Innovation

APRIL 11, 2018

The amount of funds invested in US-based cybersecurity companies declined for the third-straight quarter, with few large rounds in sight for such companies: a decline that comes as concerns over privacy and data use continue to rise. This is according to the 1Q18 MoneyTree report, released today by CBInsights. Investment in such cybersecurity firms declined […].

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PYMNTS

APRIL 11, 2018

Uber , aiming to expand access to transportation for the masses, announced news on Wednesday (April 11) that it has launched a series of product updates that help riders get around without the need for a vehicle. In a blog pos t, Uber Chief Executive Dara Khosrowshahi said to meet that end, Uber Bike by JUMP is expanding to Washington, D.C. The service, which was first piloted in San Francisco earlier in 2018, will enable residents and visitors to Washington, D.C. to find and book a JUMP pedal-a

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Bank Innovation

APRIL 11, 2018

EXCLUSIVE- After striking a deal with 15 commercial banks across Asia, keyboard app for payments PayKey is ready to debut in the U.K. and Mexico in coming months, PayKey CMO Guy Talmi told Bank Innovation. Talmi could not name a specific launch date, nor the banks that PayKey is launching with “for confidentiality,” reasons, he […].

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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

Report

PYMNTS

APRIL 11, 2018

According to the latest edition of the Payments Powering Platforms tracker, in the next four or five years, consumers globally will be making nearly 70 billion payments per year via online platforms. Those payments will make all kinds of services possible in places where they’ve never been: Brazil is getting its own ridesharing platform with Yellow , while Vietnam will see its digital payment volume kick up by nearly a quarter over the next few years.

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Bank Innovation

APRIL 11, 2018

EXCLUSIVE— Experian DataLabs, the innovation center for credit bureau Experian, is experimenting with a voice banking feature, Eric Haller, executive vice president and global head, Experian DataLabs, told Bank Innovation. The feature would allow consumers to make routine financial transactions using only their voice, over voice devices like Amazon’s Alexa speaker or a Google Home, […].

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Google Innovation Online Security 170

PYMNTS

APRIL 11, 2018

How can galleries show their inventory to collectors remotely? And how can art collectors connect with like-minded people? That’s the problem Mattis Curth set out to solve when he founded Artland with his brother, Jeppe. The result is a professional network that essentially plays art matchmaker for those who love art. “We connect galleries and collectors,” Mattis Curth, CEO of Artland , told PYMNTS in an interview.

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social media New York Examples Technology 122

Bank Innovation

APRIL 11, 2018

EXCLUSIVE - Bank of America today notified its mobile app customers of a new feature with PFM functionalityr The new "Goal Tool," can be accessed through the mobile app. A user can add a goal (and even attach a picture to that goal), and then can allocate money to that goal within the app. For […].

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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.

Lending

PYMNTS

APRIL 11, 2018

The central banks of Japan and Hong Kong are interconnecting their systems to support faster cross-border payments and trade between the two markets, according to Reuters reports on Tuesday (April 10). The Bank of Japan announced the plans that reports said may be the first of their kind by any central bank. The integration means transactions that occur in each market’s respective currencies can be settled immediately: The Bank of Japan and the Hong Kong Monetary Authority (HKMA) will enable rea

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Payments Source

APRIL 11, 2018

But resourceful crooks will relentlessly probe systems, processes, and people until they find a weakness or an opportunity. That weakness is the magnetic strip that still exists on all EMV cards, according to Nathan Horn-Mitchem, senior vice president and chief information security officer at Provident Bank.

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ATM Resources Security Cards 86

PYMNTS

APRIL 11, 2018

McDonald’s will open 200 restaurants in the Nordic region over the next 10 years, as well as begin home deliveries this year in an attempt to take on rivals, such as Taco Bell and Yum! Brands. According to Reuters , the plan is part of a turnaround drive led by McDonald’s Chief Executive Officer Steve Easterbrook. While the fast-food chain reported its highest sales growth in six years in January, U.S. same-store sales were down 1.3 percent year on year.

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Bobsguide

APRIL 11, 2018

The Islamic banking and finance industry has been growing at a rapid rate over the last decade – around twice the pace of its conventional counterpart – with the number and geographic reach of these institutions increasing exponentially. The industry’s assets stood at $2trn in 2015.

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Millennials Industry 79

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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.

US

PYMNTS

APRIL 11, 2018

New data shows that the ACH Network processed 21.5 billion transactions valued at more than $46.8 trillion last year — an increase of 5.7 percent and 6.9 percent, respectively, over 2016. It is the third year in a row in which the number of new ACH transactions increased by more than one billion. And the network’s growth rate for last year is the highest since 2008. “2017 marks another significant achievement in the evolution of the ACH Network, as transaction volume was exceptionally strong and

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Bobsguide

APRIL 11, 2018

The clock has started ticking on individual member countries’ translation of the revised Shareholder Rights Directive (SRD). The first tranche of measures, as adopted by the European Council (EC), are set to be implemented into national law by member states by June 2019. That may seem like.

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National 74

PYMNTS

APRIL 11, 2018

HP is deploying a Device-as-a-Service (DaaS) offering to enhance corporate customers’ risk management and IT security, the company said Tuesday (April 10). In collaboration with professional services firm Aon, HP is rolling out an enterprise cybersecurity solution that includes hardware security protection, risk assessment and remediation, incident response and cyber-insurance options.

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Payments Source

APRIL 11, 2018

Processing firm Galileo has built an API to bridge the gap between cryptocurrencies and mainstream payments, an area where a handful of other providers are experimenting. Large banks and card networks continue to keep their distance.

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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.

Compliance

PYMNTS

APRIL 11, 2018

After @bitcoin was suspended from Twitter on Sunday (April 8), the account is back with digs at bitcoin, Bloomberg reported. The owner of the account, who has remained anonymous, apparently prefers bitcoin’s rival cryptocurrency – bitcoin cash – that split from bitcoin. “From day one, Bitcoin was marketed to the world as a fast & cheap global payments network.

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Payments Source

APRIL 11, 2018

India’s Unified Payment Interface is a model that other developing economies can emulate, as they look to move away from cash-centricity and overhaul their own payments infrastructure in pursuit of speed, security, auditability and financial inclusion, writes Anoop Villait, managing director of corporate development at Transpay.

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PYMNTS

APRIL 11, 2018

The U.K. government is reportedly planning to blacklist potential contractors that pay their own suppliers late — a response to the recent collapse of Carillion and subsequent revelations of the company’s own late payments practices. Reports in Credit Strategy on Tuesday (April 10) said construction conglomerate Carillion, which went into liquidation earlier this year, was paying its own suppliers in net-120 days.

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Payments National Report Strategy 101

Payments Source

APRIL 11, 2018

Mastercard and IBM have founded a company with a very narrow goal: To help organizations scramble their data to thwart hackers and comply with Europe's General Data Protection Regulation.

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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.

Lending