Bank Innovation
MARCH 28, 2018
Coinbase set the cryptocurrency world buzzing this week when it announced its intention to support for ERC20 tokens, which is the standard for smart contracts as well as tokens sold in initial coin offerings. The move comes well after the ICO wave has crested and regulatory structures have begun, however lightly at this stage, to.Read More.
Chris Skinner
MARCH 28, 2018
I was reading about banks being average to poor at marketing, and wondered about it. Banks’ advertising generally is about either being cool or in love with you. Here are a few examples from British banks. Lloyds: we’re old but still here with a big horse Nationwide: we have no … The post What is the real difference between a challenger bank and an incumbent?
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Bank Innovation
MARCH 28, 2018
The Internet of Things is notoriously insecure — unsecured, or poorly secured IoT devices have contributed to a number of cyberattacks, and these are on the rise as the number of devices increases. There are more than 8 billion connected devices today, with over 20 billion estimated for 2020. Even more worrying is the number.Read More.
Chris Skinner
MARCH 28, 2018
Things we’re reading today include … Deutsche Bank Is Considering More Cuts at Investment Bank Bank of England To Test Blockchain Features For New Payment System Fintech Holds Great Promise To Expand Credit, Says Fed’s Bank Supervision Ace Bank of Korea Poll: 40% of Young Adults Enthusiastic About Cryptocurrency MPs … The post Things worth reading: 29th March 2018 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
MARCH 28, 2018
EXCLUSIVE— San Francisco-based startup Denizen wants to create a new way of banking, by providing users with a “borderless” bank account that doesn’t come with all of the hassle and pain points of international finance, co-founder and CEO Joaquin Ayuso de Paul told Bank Innovation. “Denizen provides a global bank account that allows you to.Read More.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
MARCH 28, 2018
EXCLUSIVE –Betterment, the online financial adviser, today launched a new feature that lets its retail customers further customize their asset-class investment. The feature is an extension of Betterment’s core growth strategy - personalization, Betterment CEO Jon Stein told Bank Innovation. “This is a significant step down the strategy of letting users personalize the way they.Read More.
PYMNTS
MARCH 28, 2018
Social media marketing company BleuPage is broadening its B2B services with the launch of a business management tool designed for the “solopreneur.”. A press release on Tuesday (March 27) said U.K.-based BleuPage is rolling out Bizggro, a suite of solutions for small businesses and entrepreneurs. The tool combines an array of services, including customer relationship management (CRM), accounting, expense management, document management, recordkeeping and more.
Bank Innovation
MARCH 28, 2018
Singapore-based startup CardUp is going after check and cash payments after raising about $1.7 million in new funding led by Sequoia India. The round, reported today by TechCrunch, will enable the startup to further expand its place as the “middleman” of business payments: the startup’s payments platform facilitates card payments to organizations that don’t traditionally.Read More.
PYMNTS
MARCH 28, 2018
SWIFT and SAP are collaborating to facilitate corporate-to-bank connectivity into the SWIFT network, the companies recently announced. The payments messaging firm and the enterprise software conglomerate revealed they are working together to streamline corporate treasury’s integration into the SWIFT network via financial institutions. Dubbed SAP Multi-Bank Connectivity, the solution was built on SAP Cloud Platform technology.
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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
MARCH 28, 2018
EXCLUSIVE – Are credit cards the next big hot spot for fintech takeover? That’s what startup Petal hopes its partnership with Salt Lake City-based WebBank achieves, as the startup gears to launch of its first major product: a credit card designed to serve the "credit invisible." The nature of this partnership, unveiled today, is similar.Read More.
PYMNTS
MARCH 28, 2018
Bitcoin fell below the $8,000 level on Tuesday (March 27), CCN reported – and the cryptocurrency market as a whole could fall below a market cap of $300 million. Bitcoin was trading at $7,770.44 as of 10:41 p.m., according to CoinDesk. In hedge fund news, Morgan Creek acquired Full Tilt Capital LLC two months after that firm decided to dedicate a fund to crypto businesses, Bloomberg reported.
Bank Innovation
MARCH 28, 2018
Two of Britain’s most popular digital banks, Monzo and Starling Bank, have integrated with fellow UK startup CreditLadder, allowing users to utilize the startup’s feature to improve their credit histories. CreditLadder uses its API platform to view a user’s rent payments, which it then passes to credit bureau Experian—a factor that could benefit that user’s.Read More.
PYMNTS
MARCH 28, 2018
John C. Williams, the president of the Federal Reserve Bank of San Francisco, is reportedly being tapped to replace the retiring president of the New York Fed, but at least one watchdog has problem with that. Citing Better Markets, a nonprofit that tries to keep Wall Street honest, TheStreet.com reported the group said promoting Williams to head up the New York Fed would be problematic because he failed to prevent the fake account scandal at San Francisco-based Wells Fargo, which has had far-rea
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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
MARCH 28, 2018
With the number of mobile phone users in the world expected to pass five billion by 2019, one would think that, regardless of geography or economic status, every adult would be granted the same services, applications and opportunities. Yet, one major service that is not universal is access to.
PYMNTS
MARCH 28, 2018
Kittrell Paycard, a provider of payroll card solutions, is integrating a solution for employees to receive funds more quickly. A press release by Kittrell Paycard partner Cardplatforms on Tuesday (March 27) said Kittrell is integrating InstantWage on all of its payroll cards. The solution enables cardholders to transfer a portion of their wages onto their payroll cards before payday.
Payments Dive
MARCH 28, 2018
A2iA announces deals with one of the top two U.K.
PYMNTS
MARCH 28, 2018
Researchers estimate U.S. eCommerce companies lost $6.7 billion due to fraud in 2016, and a significant portion of that stems from chargeback fraud. According to LexisNexis , chargeback fraud accounts for 28 percent of all fraud that occurs at an eCommerce company, tied for first place with “ friendly fraud.” The impact of chargeback fraud and other transaction-related fraud — like account takeovers or payments fraud — on the bottom line is clear.
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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.
Payments Source
MARCH 28, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Uber applies for an e-money license; Shyp shuts down; Apple Watch getting a redesign; Massachusetts halts some ICOs.
PYMNTS
MARCH 28, 2018
As the worldwide market for ondemand mobility services, such as ridehailing and carsharing, heats up, BMW and Daimler are seeking to combine their mobility units. While both German automakers are known for their car brands, they have also invested in mobility services in recent years, VentureBeat reported. “Combining our mobility services as planned will create a unique digital ecosystem,” BMW Chairman of the Board Management Harald Krüger said in a statement.
NCR
MARCH 28, 2018
Indonesia is a hugely significant market for financial services, not only in south-east Asia, but on the global stage, too. Home to more than 261 million people, it is the world’s fourth most populous country and also the largest island nation on the planet, comprising more than 13,000 islands. From a financial services perspective, Indonesia has huge potential, but also some very real challenges to overcome, most notably financial inclusion.
PYMNTS
MARCH 28, 2018
Known primarily for a laid-back, soft-spun California beachy chic, the fashion brand Marine Layer is trying their hand at a new expansion in retail as Airbnb landlords. According to Chain Store Age , the California-based retailer has opened a series of Airbnb apartments above several of its store locations and expects to open their latest set in the next week or so.
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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
MARCH 28, 2018
“We don’t need cash flow forecasting” – statements like this are frequently heard at companies with significant cash reserves. They often highlight concerns about major internal expenses as capturing the relevant data can tie up significant resources. Modern cash.
PYMNTS
MARCH 28, 2018
With concerns that technology companies can face more regulation, tech stocks were declining all over the globe — with the tech-heavy Nasdaq falling 2.9 percent Tuesday (March 27). According to The Wall Street Journal , on Wednesday (March 28) the Stoxx Europe 600 was trading down in mid-morning action while in Asia tech stocks brought markets in the region lower.
Cisco
MARCH 28, 2018
When is a cinderella story not a cinderella story? When your defensive/security strategy is well defined and prepared for anything coming at it.
PYMNTS
MARCH 28, 2018
A digital fiat currency and government-issued mobile money platform could transform the Sub-Saharan African economy, according to nanopay CEO Laurence Cooke , who recently visited East Africa to explore opportunities in the region and has returned with some key insights. First and foremost, he said, banking in Sub-Saharan Africa is almost exclusively urban.
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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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