Thu.Sep 21, 2017

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China Does a 180° on Cryptocurrency

Bank Innovation

China has reportedly banned all bitcoin executives from leaving its borders as part of the country’s crackdown on its cryptocurrency industry. Though these reports named bitcoin executives in particular, some see the move as the onset of a larger “war” between governments everywhere and all cryptocurrencies. This is the latest in a series of new […].

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How do you see the world?

Chris Skinner

I was reflecting on an interview about the role and importance of Asian, and specifically Chinese, FinTech when something exploded in the middle of my head. Not literally, of course, although you might have said that, but more an idea that had occurred to me a few times but suddenly … The post How do you see the world? appeared first on Chris Skinner's blog.

Course 293
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The Rise of Alternative Data in the Lending Market

Bank Innovation

EXCLUSIVE – There were conflicting views on the importance of the FICO score at the PayThink Conference in Phoenix this week. While only some professionals were bold enough to say the standardized credit scoring has become marginalized, others maintained that it was here to stay. However, all agreed on the increasing potential of alternative data.

Phoenix 342
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How to Integrate With Apple Pay

Payments Dive

Apple Pay is the mobile payment and digital wallet service from Apple that lets users make payments using an iPhone, Apple Watch, iPad or Mac. It was first launched in the US in October 2014, and has since rolled out in more than 20 countries worldwide.

Apple 223
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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

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Will Using AI for PFM Help Consumers Develop Better Financial Habits?

Bank Innovation

EXCLUSIVE — Will the use of artificial intelligence push banking customers to better personal finance and saving habits? Fintechs have been exploring this idea for quite some time now, whether it be through fraud management, or using AI to execute trades across global equities algorithms business. Banks are just starting to look into how AI can be […].

Fraud 301

More Trending

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ABN Amro Bank Opens Home Grown SME Lending Fintech New10

Bank Innovation

Dutch bank ABN Amro’s online lending fintech New10 is open today. New10 was created to provide small businesses loans ranging between EUR 20,000 and EUR 1 million, through a process that is entirely online. To apply for the loan, the candidate has to fill an online process in which they have to select the type […].

Lending 273
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What is Apple Pay & How Does it Work?

Payments Dive

Apple’s corporate history demonstrates a proven ability to shape consumer demand and drive mass adoption. The launch of Apple Pay in 2014, therefore, brought mobile contactless payments firmly into the mainstream.

Apple 186
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ECB Said Fintech Banks May Need to Hold Bigger Liquidity

Bank Innovation

“High-tech,” or fintech banks may be required to hold higher capital buffers and larger liquidity when entering Europe, the European Central Bank said in draft licensing guidelines today. This is to counter some of the risk these banks might bring into already mature financial markets (risks that are somewhat more unique than those presented by […].

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Things worth reading: 21st September 2017

Chris Skinner

Things we’re reading today include … UK’s high street banks are accident waiting to happen, says report Challenger bank Tandem to buy Harrods Bank – what it means for you Government Considering Bailout Of Russia’s 12th-Biggest Bank 10x, founded by the ex-CEO of Barclays, raises $46M to take on ancient … The post Things worth reading: 21st September 2017 appeared first on Chris Skinner's blog.

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The State of Automation in Financial Services 2024 Report

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

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SWIFT Mitigates Four More CSDs to Network

Bank Innovation

Financial services company SWIFT announced today that it has mitigated four additional capital depositories onto its Target2 Securities, or T2S, network. The four CSDs, which will start live operations on SWIFT T2S, marks the last four to move to the network since the migration plan first begun in June 2015. The four depositories include those […].

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New App Detects ATM Skimmers At The Pump

PYMNTS

Sparkfun has created a new app that gives off alarms if a skimmer is nearby at a gas station. The app, dubbed Skimmer Scanner, looks for the Bluetooth transmissions, talks to the source and determines whether it is a skimmer or not, reported Forbes. If the app detects questionable behavior, it will send an alert to your smartphone. The company behind the app, noted the article, has worked with law enforcement agencies and has a deep understanding of how skimmers behave.

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Bank of Ireland Global Markets Creates New Payment Service for U.S. SMEs

Bank Innovation

EXCLUSIVE – Bank of Ireland Global Markets has teamed up with fintech company WorldFirst to offer its U.S. based SME customers a foreign exchange and payments service, under the brand – Bank of Ireland Global Payments. The service is completely digital, Darsh Mariyappa, head of Bank of Ireland Global Markets U.S., told Bank Innovation. It […].

Marketing 191
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Infographic: Is your firm future ready?

Abrigo

With 90 percent of accounting firms acknowledging that the digital future is rapidly approaching, it is crucial that firms prepare themselves for the collision of trends that will drive the future of the industry. A fast future of new competitive advantages that will drive productivity and progress in the industry are right around the corner. By getting on board with the upcoming technological changes, firms can use these competitive advantages to grow their firms and deepen client relationships

Trends 150
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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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Target Rolls Out Bluetooth-Powered Shopping Cart GPS

PYMNTS

Target shoppers will always be able to find their target now – at least, that’s the hope with the new and improved indoor mapping function available through the retailer’s mobile app. Target calls it the “GPS for your shopping cart,” reports TechCrunch , and it’s now live in around 800 of the company’s 1,800 U.S. stores. Target reportedly plans to roll out functionality to half its stores by the holiday season.

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How HSBC is using AI in its anti-money laundering compliance

Bobsguide

Gurjeet Singh, co-founder and Executive Chairman of Ayasdi, spoke to bobsguide about the challenges of compliance with anti-money laundering, the characteristics of AI, and how AI is vastly improving false positive rates on suspicious security reports. How did you find your way to Ayasdi? I.

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Pumpkin Spice Simply Beyond Its Normal Limits

PYMNTS

Fall has almost arrived (tune in tomorrow for the official autumnal equinox), which means the season for jeans, sweaters, football and early Christmas shopping for the disgustingly well-prepared is upon us. And, of course, pumpkin spice season is here. Pumpkin spice is not a new flavor — it was first referenced by The Washington Post in 1936 — and pumpkin pie spice blends have been marketed and sold since the 1950s.

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CEE FinTech – The Emerging Center of Gravity for International Entrepreneurs

Let's Talk Payments

With the usual suspects maintaining a strong grip on the world’s attention (we are talking about Hong Kong, Singapore, and New York), it’s easy to overlook emerging markets offering outstanding.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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Large Enterprises Aren’t Improving Their Procure-to-Pay Processes

PYMNTS

Manual manpower in supply chain payments is costing businesses, and costing them a lot, Tungsten Network recently reported. Manually managing invoices, chasing down late payments and other tasks that could (and should) be automated are a waste of time and money, according to Tungsten’s Friction Index report, a new initiative that aims to quantify just how much time and money is lost when businesses are faced with payments friction in their supply chains.

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Tobin McDaniel on the evolution of wealth management in the US

BankNXT

Nipun Jasuja interviews Tobin McDaniel of Schwab Wealth Investment Advisory, who shares his views on the evolution of wealth management in the US. Tobin McDaniel on the evolution of wealth management in the US on BankNXT.

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Apple Tracker: New iPhone, Watch Fail To Impress

PYMNTS

Even though it’s not available yet, the iPhone X already seems to be overshadowing its brother, the iPhone 8, pre-sales for which have been, well, uninspiring. With one new product delayed and one giving a lackluster performance, it would have been nice for Apple if the new version of the Apple Watch had done well, but early reviewers are saying that’s not the case.

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Big Data and the cloud can slice paper out of B-to-B payments

Payments Source

The benefits of adopting an end-to-end payments solution are substantial and will help businesses collaborate with vendors and customers, while saving time and money, writes Stephen Markwell, head of treasury services product strategy for commercial banking at JPMorgan Chase.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.

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Toys“R”Us CEO Sees A Better Future With Smaller Stores

PYMNTS

The brick-and-mortar experience of Toys“R”Us most millennials remember from childhood — with its massive supply and aisles upon aisles of toys — is looking likely to become a relic of a bygone era in retail. According to the recently bankrupt brand’s CEO, David Brandon, Toys“R”Us will be shrinking its stores in favor of small locations and revamping its larger outlets through the bankruptcy restructuring process.

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Faster Payments: Will the US Catch up With the Rest of the World?

Let's Talk Payments

At the 2017 Mobile Payments Conference in Chicago, one of the most memorable presentations was moderated by Brett King, founder of Moven and host of the BREAKING BANK$ radio show.

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Gappify Launches Chatbot For Corporate Accountants

PYMNTS

Gappify is the latest company to roll out business accounting-related chatbot technology. The company announced news on Wednesday (Sept. 20) that it has launched Alan, chatbot technology designed to assist business accountants. The solution is integrated into Gappify’s cloud accounting software and can complete various tasks related to accounts payable, accounts receivable, payroll and other cash management functions, the company said.

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Co-Innovate With Finacle & Scale Your FinTech Startup Globally

Let's Talk Payments

A successful partnership between banks and FinTech is contingent upon various factors. A deep synergy between both parties can be established only by a partner that has deep technical and.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.