Bank Innovation
JULY 2, 2018
PREMIUM - It's not just startups that need watching -- neobanks are springing up across the globe, and a particular breed is becoming more common -- those backed by traditional banks. These banks are usually digital-only, but some may have physical branches. For a while, traditional FIs did not concern themselves with these neobanks, which […].
Chris Skinner
JULY 2, 2018
I often relate the story that the first FinTech firm I ever met was Zopa. Zopa launched in April 2005 and presented at the Financial Services Club on March 30 that year. They talked about an eBay for Money and connecting savers and borrowers. No one got what they were … The post This year’s FinTech50: will London keep its FinTech Crown? appeared first on Chris Skinner's blog.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Bank Innovation
JULY 2, 2018
PREMIUM - Cannabis businesses, even when they are legal, have difficulty securing bank accounts, and therefore often deal in cash. But as regulators across the world consider legalizing this market, it may be time for banks to take note of this new customer. Most recently, Canada announced plans in October to legalize the sale, production, […].
Chris Skinner
JULY 2, 2018
Things we’re reading today include … PwC ordered to pay $625m over Colonial Bank collapse Barclays moving up to 50 investment bankers to Frankfurt ahead of Brexit UK shadow banking sector worth at least £2.2 trillion UK banks could face new multibillion-pound claims after PPI ruling HSBC aims for growth … The post Things worth reading: 3rd July 2018 appeared first on Chris Skinner's blog.
Advertisement
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
JULY 2, 2018
Let’s talk about relevance. It’s a word that is cropping up again and again, and for good reason: personally relevant communications provide a better service experience for customers. But there is a problem, and it cannot be ignored. Put bluntly, there is a huge gap between brand and consumer expectations regarding it. Recent research shows […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
JULY 2, 2018
It’s no secret distributed ledger technologies (DLT) have been front-of-mind for financial institutions examining solutions to existing problems in institutional and retail banking. While blockchain technology is still a greenhorn in the wilderness of capital markets, the underlying concept should be heralded as a catalyst for innovation. Blockchain has been the inspiration for solutions like […].
PYMNTS
JULY 2, 2018
The world is getting faster these days. Change happens at the speed of, well, if not light, then sound. The information deluge is constant. Commerce is constant. Payments and financial services? Always on, too, and always in demand. There’s no such thing as “bankers’ hours” anymore. No surprise, then, that innovation in the payments space is getting ever-more truncated in terms of time to market.
Insights on Business
JULY 2, 2018
Data, data, everywhere, but how in fact to THINK. If you’re the ancient mariner of Samuel Coleridge’s epic poem, then you know this rhyme another way, but if you’re in the banking and finance industry, then the words make total sense. As IBM CEO Ginni Rometty mentioned in her 2018 CEBIT keynote address , it is a moment of “exponential impact.” Yes, the value of networks is equal to the square of the nodes that gave rise to platform companies and big data.
PYMNTS
JULY 2, 2018
Direct-to-consumer advertising on Facebook has reportedly hit a rough patch, with spending by brands decreasing there. The trend comes at a time when brands are facing other changes on the social media site. Ten direct-to-consumer companies recently surveyed by Digiday all said their marketing plans are relying less on Facebook, as focus and dollars shift to other online marketing channels — and that includes Instagram , owned by Facebook.
Advertisement
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 Source
JULY 2, 2018
Blockchain provides greater data management tools and improved connections between insurance payments and medical care, says Jeremias Grenzebach, co-founder and core developer at Dentacoin Foundation.
PYMNTS
JULY 2, 2018
Enterprise processes are starting to look a lot more like the consumer world. From procurement’s path to mimic an Amazon experience, to the Bring Your Own Device movement, corporates have embraced the movement toward user-friendly processes for the sake of convenience and efficiency. This consumerization of the enterprise has emerged as a heavyweight behind corporates’ digital transformations – but businesses aren’t consumers, and emerging technologies must address unique needs
Payments Source
JULY 2, 2018
As Nvoicepay expands, the electronic invoice company is keeping an eye on how it may fall under European data rules that have a knack for requiring compliance even from companies that should be exempt.
PYMNTS
JULY 2, 2018
Bank of America is being sued for $120 million after failing to flag large deposits into small accounts, which were cleared a few days later. Previously, U.S. Bank was fined $600 million for failing to flag and report suspicious activity according to anti-money laundering (AML) requirements. These are big banks making these mistakes, and they aren’t the only ones making headlines for regulatory blunders.
Advertisement
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 Source
JULY 2, 2018
Phone-based customer service opens opportunity for voice phishing, or "vishing," and other types of attacks linked to card not present transactions, according to Rafael Lourenco, an executive vice president at ClearSale.
PYMNTS
JULY 2, 2018
It’s a common story in urban areas: Cabs do not properly serve low-income and minority areas, leaving residents to the uncertainties of public transit — assuming there is some — or to their own devices. But can Lyft , Uber and other ridesharing services remedy that? A new study suggests that, contrary to much opinion and even recent experience, the ever expanding ridesharing industry is doing a good job of serving those communities.
Bobsguide
JULY 2, 2018
Earlier this month Currencies Direct announced the “resounding success” of using xRapid (commonly known as XRP) to make near immediate payments, serving as a proof of concept that spells greater collaboration between the international money transfer company and Ripple, as Ripple expands.
PYMNTS
JULY 2, 2018
When it comes to online orders, retailers selling groceries — or even takeout food — face a constant balancing act: How can they quickly deliver orders at a reasonable price? As self-driving cars become more of a reality and less of a distant dream, autonomous vehicles — including trucks — might help retailers reach that goal as they explore a world in which they don’t need drivers for deliveries.
Advertisement
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
JULY 2, 2018
Nets has been a dominant payments technology player in the Nordic region for years, helping to drive the region's high proportion of mobile and digital transactions. Armed with fresh venture capital funding, Nets wants to expand its influence broadly across Europe.
PYMNTS
JULY 2, 2018
This week, the World Cup reminded us all that friendships can emerge in the strangest and most unexpected ways. In a testament to how truly confusing the World Cup rules are, Germany was bounced from competition as the result of the surprise defeat at the hands of South Korea. Hooray for South Korea? Well sort of. South Korea was also not able to move on to the next round of the competition due to its performance in the tournament so far.
Payments Source
JULY 2, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: LTE faces attacks; Apple Pay's growing quickly in Poland; Adidas suffers a breach; U.K. centralizes government payment units.
PYMNTS
JULY 2, 2018
Monzo , the digital bank in the U.K., could reach 1 million users in a matter of months, according to a report in Reuters. The report said that the app only bank currently has 750,000 users and is valued at $336 million, but Monzo needs customers to do more than sign up and get friends to join so that they can split restaurant bills. To succeed, Reuters said Monzo needs to get customers to treat it as the main bank account where they get their paychecks deposited and pay their bills.
Advertisement
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.
Payments Source
JULY 2, 2018
Barclays has introduced an SMB credit card with a very targeted perk: It extends the interest-free credit periods up to 116 days for payments made at popular trade retailers Travis Perkins and Toolstation.
PYMNTS
JULY 2, 2018
To boost customer service, look to the robots? The Wall Street Journal ( WSJ ) reported that retail giants, such as Walmart and Target , want to automate some operational functions, with an eye on giving staff more time to personally attend to consumers. For Target, it’s a matter of bringing automatic cash-counting machines into the fold, which are slated to debut at roughly 2,000 stores over the next few months.
Payments Source
JULY 2, 2018
China UnionPay has qualified FIME’s personalization validation tool (PVT), marking the Chinese payment brand’s first certification of an overseas lab for testing its secure chip products.
PYMNTS
JULY 2, 2018
When it comes to financial services and financial technology startups, making the right investment decisions is not easy or obvious work. Thousands of firms are born each year – all promising the next greatest advancement in managing money – but only a fraction of a fraction end up going the distance. And separating the wheat from the chaff isn’t easy, says Samantha Ghiotti, partner at Anthemis Group – particularly because there is a lot more chaff than wheat when it comes to early-phase s
Advertisement
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.
Expert insights. Personalized for you.
284 
Let's personalize your content