Chris Skinner
JUNE 18, 2019
My mate Ron Shevlin is on good form these days. He’s written quite a few columns on Forbes that are clickbait: Customers don’t want digital banking The FinTech fast follower fallacy (which I spotted just after writing this yesterday) His latest created quite a twitter furore and was targeted at … The post Monzo and Marcus: American challengers or just noise?
Payments Dive
JUNE 18, 2019
Steak 48, a Chicago-based steakhouse, is embracing mobile wallet applications from China by adding WeChat Pay to the platforms it accepts after previously adding UnionPay.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Chris Skinner
JUNE 18, 2019
Things we’re reading today include … MoneyGram shares more than double on Ripple deal Beware fake payment texts that claim to be from Green Star RBS picks Marieke Flament to head business-focused digital bank Facebook’s Libra launch will extend its global domination Is Facebook’s Libra currency a case of corporate … The post Things worth reading: 19th June 2019 appeared first on Chris Skinner's blog.
Bank Innovation
JUNE 18, 2019
Facebook Inc. unveiled plans for a new cryptocurrency that the social-media giant hopes will one day trade on a global scale much like the U.S. dollar. Called Libra, the new currency will launch as soon as next year and be what’s known as a stablecoin– a digital currency that’s supported by established government-backed currencies and securities. […].
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
PYMNTS
JUNE 18, 2019
Is it prime time for real time, especially for B2B? The rise of Zelle , and any number of peer-to-peer (P2P) payment options, has increasingly brought consumers on board with the need for speed in payments — where settlement is marked by seconds and minutes, not hours or days. It’s a well-known fact, too, that corporate payments (the B2B kind) are ripe for digitization, and for a wholesale move away from the paper chase, where checks are still stubbornly tied to 50 percent of corporate transacti
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Accenture
JUNE 18, 2019
The UK banking industry’s focus on commercial banking for small- and medium-sized enterprises (SMEs) is now at its most intense in more than a decade. It isn’t hard to see why: Alongside the new funding—and controversies—generated by the RBS remedies, we’re also seeing the big incumbent players targeting investments at SME services. All of this is happening at a time when automation in retail banking has advanced apace, opening up opportunities to replicate the benefits of digital in commercial
Bank Innovation
JUNE 18, 2019
To simplify invoicing for its corporate clients, HSBC is partnering with Australian company Identitii on a digital accounts receivable tool. Identitii, which went public in 2018, focuses on transaction security. The application of Identitii's technology is for a tool called DART, which allows businesses to create a standardized invoicing tool that is easy to use.
PYMNTS
JUNE 18, 2019
Cybercrime is both pervasive and expensive, as modern problems go. According to reports , citing the University of Maryland, there is an attempted hack every 39 seconds. By some estimates, cybercrime will have cost the world $6 trillion by 2021 in damaged and destroyed data, stolen money, lost productivity, theft of intellectual property, theft of personal and financial data, embezzlement, fraud and post-attack disruption to the normal course of business.
Bank Innovation
JUNE 18, 2019
San Francisco-based corporate card startup Brex today launched a corporate card specifically tailored to companies in the life sciences industry. The product offers instant online underwriting that accounts for both grant and venture funding without requiring personal guarantees from founders and entrepreneurs, Brex said in a blog post on its website.
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
PYMNTS
JUNE 18, 2019
Shares in Western Union have fallen on Tuesday (June 18) on the news that Facebook is going to release a new cryptocurrency called Libra , according to a report by CNBC. Western Union stocks fell 1.7 percent, making the company one of the worst performing ones on the S&P 500 index. Libra is expected to debut sometime before July 2020. Libra is going to offer cross-border, or remittance, payments — and people who want to send money to other countries could use Libra to do so and eschew the fe
Bank Innovation
JUNE 18, 2019
EBay today joined Uber, PayPal, Lyft and other tech heavyweights as an inaugural member of the Libra Association, the Switzerland-based organization that will oversee Facebook's cryptocurrency. Although eBay, which has a market capitalization of about $35 billion, would not reveal how Libra will change the way buyers and sellers on the online auction site transact, […].
PYMNTS
JUNE 18, 2019
India is asking messaging service WhatsApp to put a digital fingerprint on every message sent by the service, but without breaking the encryption, according to a report by the Economic Times. Indian officials want to be able to see where a message came from and how many people interacted with it, either by reading or forwarding, without the official having to read the actual message.
Bank Innovation
JUNE 18, 2019
In the battle for customer loyalty with digital-first competitors, Rockland Trust has deployed an AI tool to boost its customer acquisition efforts. Like other small and medium-sized banks, Rockland Trust, which has more than $11 billion in assets and 96 locations, is keenly aware of the encroachment of digital-only challenger banks and other tech companies […].
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.
Insights on Business
JUNE 18, 2019
In this series of blogs, we will focus on four transformative technologies with emerging risk applications that can help banks and financial institutions grow profitability and protect the enterprise. Each technology is at the start of an enormous adoption growth curve, and has been the subject of intense discussion. In this edition, read how these tools are being deployed now.
PYMNTS
JUNE 18, 2019
Turnkey open banking platform Token has received a $36.5 million investment from a few investors, including Opera Tech Ventures , which is the venture division of bank BNP Paribas. Other investors include banks in the Middle East and Southeast Asia, according to a release by the company. Older investors like EQT Ventures and Octopus Ventures also took part in the investment.
Payments Source
JUNE 18, 2019
Facebook's Libra project didn't come from nowhere. The social network has a long history of experimenting with digital payments, and launched a separate (and ill-fated) digital currency a decade ago.
PYMNTS
JUNE 18, 2019
Some entrepreneurs are inspired to start companies to solve a problem they have experienced in their own lives: GuestBox Founder and CEO Shuchi Vyas, for instance, was an Airbnb host and struggled to wow her guests with offerings beyond just the basics. She wanted her guests to feel welcome and like they received value for their money, too. “I would always go above and beyond,” Vyas told PYMNTS.com in an interview, pointing out that she would run out to Trader Joe’s or Whole Foods to buy somethi
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
JUNE 18, 2019
Both are useful, but each has specialties in protecting different types of transaction processes, according to Rambus Payments' Andre Stoorvogel.
PYMNTS
JUNE 18, 2019
The demand for elective medical procedures in the U.S. is sky-high, but high costs severely limit consumers’ access to them. The elective medical procedures market is 63 million consumers-strong, and accounts for as much as 10 percent of America’s healthcare economy. That adds up to a collective $171 billion in elective medical procedures each year.
Payments Source
JUNE 18, 2019
The information you need to start your day, from PaymentsSource and around the Web. Today: Facebook's cryptocurrency gets more detail; Lloyds adds to open banking; Domino's tests driverless cars; Euro messaging moves forward; Billing tech draws investors.
PYMNTS
JUNE 18, 2019
How many handbags the average woman owns is a matter of some debate. On the low end the estimates are around five, and upper-end estimate seem to fall at 11. Whatever the actual number, it is fair to say two things. First, the handbag industry as a whole is thriving — over the last five years the global handbag and purse manufacturing industry has grown by 3.2 percent to a value of $167,000 billion.
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
JUNE 18, 2019
Facebook is focusing the initial discussions around its cryptocurrency project as a preemptive strike against the privacy and legal concerns the public and politicians have about the huge social network.
PYMNTS
JUNE 18, 2019
Economist Nouriel Roubini has called out Facebook ’s soon-to-be announced cryptocurrency, GlobalCoin, saying it is not really crypto. “It has nothing to do with blockchain. Fully private, controlled, centralized, verified and authorized by a small number of permissioned nodes. So, what is crypto or blockchain about it? None,” he said in an interview with CoinDesk.
Gonzobanker
JUNE 18, 2019
Welcome to the sleepy world of core banking systems. Nothing to see here folks—just keep on walking. The banking industry has become accustomed to baby steps in core systems development, with a truly new product rolling out only once every few years. And when it comes to adoption of new technology, progress is measured in dog years. However, a new era of core systems competition is about to begin with almost everything on the table for change.
PYMNTS
JUNE 18, 2019
Payments are the backbone of many digital platforms. But what makes companies like eBay, Tableau and Netflix popular is ease and speed of use. Unfortunately, platforms that are designed to be seamless are also often attractive targets for fraud. This is even more true for B2C marketplaces. The Payments 2022 Playbook : Building A High-Performing Payments Team For Fraud Detection examines the growth strategies of digital platforms over the next three years, how payments teams are facing the challe
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.
401 
Let's personalize your content