Bank Innovation
MARCH 19, 2018
Spanish bank BBVA will be testing its invisible payment strategy in-house, allowing employees and staff to use an app to pay for purchases without taking out their wallets, the bank announced today. These invisible payments will be rolled out for testing at “Ciudad BBVA,” the campus that houses the bank in Madrid, Spain. The testing.Read More.
Chris Skinner
MARCH 19, 2018
I had a chat with The Financial Times the other day, and provided lots of background as to why I don’t think cryptocurrencies are the choice of criminals. The comment that was reported was the following: Chris Skinner, a financial technology author, said it was “complete rubbish” to suggest the main … The post The lies spread by bankers about cryptocurrencies appeared first on Chris Skinner's blog.
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Bank Innovation
MARCH 19, 2018
EXCLUSIVE – Think the bitcoin craze has died down? Think again. A new report shows that six out of 10 people with no current exposure to cryptocurrencies would consider including altcoins and bitcoin in their investment portfolios. The report released last week by deVere Group also shows that seven out of 10 people currently investing.Read More.
Chris Skinner
MARCH 19, 2018
Things we’re reading today include … RBS works up plans for standalone digital bank FCA calls for global effort to speed up fintech growth Aldermore to push into business banking following FirstRand takeover Catching cyber-crooks From Wall Street to weed: How the financial crisis lit up the pot industry U.S. bans … The post Things worth reading: 20th 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 19, 2018
EXCLUSIVE— Most consumers in the United States stubbornly cling to their plastic payments, even as customers in other countries — see China — increasingly embrace at a steady rate mobile and other digital forms of payment. This could be due to the fact that, as many in fintech have stated, the card infrastructure in the.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 19, 2018
How will consumers use biometrics for payments in the future? With the advance of face, finger, and voice identification, biometric technologies will be integrated with IoT devices to provide a better customer payment experience. This was the message from the NextGen Mobile Payments panel at Bank Innovation 2018, where payment experts like Ashish Tajpuria, senior vice.Read More.
PYMNTS
MARCH 19, 2018
It looks like consumers who try Amazon Go like it enough to keep coming back, particularly if the cashier-free shops are in proximity to where they live or work. “The ones who work very close, like in the building up above, will come down even just to grab a drink because it’s so fast and easy,” said Amazon Go Vice President Gianna Puerini according to Reuters , at the ShopTalk eCommerce conference in Las Vegas, offering a rare glimpse into a very new retail format for the commerce giant.
Insights on Business
MARCH 19, 2018
It’s been a full day at IBM Think, and while Ginni’s much-anticipated keynote is tomorrow, there are no shortages of learning, networking, and, food! A few highlights that were some of the more notable happenings at the first full day of Think: Announcement of the world’s smallest computer. At IBM Research’s Science Slam, the world’s smallest computer, smaller than the size of a grain of salt, was announced.
PYMNTS
MARCH 19, 2018
In an effort to make checkout easier for customers, Macy’s plans to roll out mobile checkout in its brick-and-mortar stores. The technology, which is powered by the retailer’s mobile app, is expected to be deployed to all of Macy’s full-line stores by the end of the year, CNBC reported. Through the app, shoppers can scan an item’s barcode as they add it to their carts.
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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
Payments Dive
MARCH 19, 2018
Transform Economics, Scale and Efficiency of Reconciliation Operations
PYMNTS
MARCH 19, 2018
Ant Financial’s Alipay is expanding across North America as it broadens its partnership with First Data , the companies announced Monday (March 19). The digital payment platform has added 35,000 merchants across the region, enabling Alipay’s 600 million Chinese consumers the same payment experience at the point of sale (POS) while traveling abroad in the United States.
Insights on Business
MARCH 19, 2018
“Intelligent automation allows business and technology to function together for a common goal instead of against working against one another.”. – Saket Sinha, IBM Vice President & Partner, Banking & Financial Markets. To a maximum capacity audience and kicking off an exciting week of IBM Think 2018 in Las Vegas, IBM VP Saket Sinha led the “Intelligent Automation in Financial Services” breakout session.
PYMNTS
MARCH 19, 2018
Plattsburgh, the small upstate New York town, has placed a temporary halt on cryptocurrency mining in an effort to preserve natural resources, the health of the residents of the town and the so-called “character and direction” of the small city. Bloomberg, citing Plattsburgh, reported residents of the town on the Canadian border are fed up with all the cryptocurrency activity going on and resorted to the measure to reign some of it in.
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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.
Insights on Business
MARCH 19, 2018
Maintaining regulatory compliance is a daunting task. Up to 200 regulatory changes occur every day, varying from large scale regulation like Dodd Frank, to minute changes to the font and size of footnotes in regulation text. The cost of not being compliant is astronomical – since 2008, more than $50 billion in fines have been paid. Banks and financial institutions are looking for any advantage they can get to streamline operations and reduce compliance costs.
PYMNTS
MARCH 19, 2018
What’s a grocery store to do if it wants to go cashier-less but it’s not Amazon Go ? There are a number of tech companies trying to answer that question for stores of all sizes, from large chains down to smaller mom-and-pop markets. It’s easier said than done, according to Liu Yang, growth hacker at AiFi Inc. , one of the tech companies working to make inroads in the space.
Bobsguide
MARCH 19, 2018
Artificial intelligence (AI) has already become an everyday part of our lives. We use it at work and at home - often without even realizing it. AI is evolving now in all industries especially in the banking sector, 2018 will showcase many projects and applications that are adopting AI to increase.
PYMNTS
MARCH 19, 2018
As growth of Target -branded payment cards has slowed, the retailer is beginning to experiment with a new rewards program: Dubbed “Target Red,” the new program will not be linked to a debit or credit card , The Star Tribune reported. “We know not everyone wants another credit card,” Joshua Thomas, a Target spokesman, told the newspaper. “So, we want to find a way to grow our relationship and affinity with those guests.”.
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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 19, 2018
Throughout the “user journey” from shopping to payment, a consumer can make different decisions without leaving the digital environment, whether through his mobile, his computer, or a digital assistant such as Amazon Echo or Google Home, writes Ignasi Barri, who works on business development, innovation and digital transformation at GFT IT Consulting.
PYMNTS
MARCH 19, 2018
Innovations are popping up everywhere. They’re helping on-the-go domestic travelers get the food they crave, city dwellers more efficiently park their cars , companies address top technology concerns and business-to-business (B2B) startups secure funding to help them target enterprise data — and the changes are far from over. After all, who would have thought more than half the revenue for a retailer like Walmart would come from grocery sales ?
Bobsguide
MARCH 19, 2018
From our armchair viewing, we are all used to the themes of the more popular forensic TV series applying science with creative thinking processes, sometimes being out of the box, to arrive at a high confidence level conclusion of whodunnit, but are there any parallels with financial regulatory.
PYMNTS
MARCH 19, 2018
The European General Data Protection Regulation ( GDPR ) framework looms, with a deadline of May 25, 2018. And it’s been reported that much of Europe isn’t ready. Big data application provider Solix, for example, said earlier this year that two thirds of firms are not sure if individuals’ personal information has been cleansed from systems. And just 43 percent of firms have defined processes in place that would allow for deletion of records.
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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.
Payments Source
MARCH 19, 2018
Because Google Pay is already accepted at numerous mainstream merchants and is the default mobile wallet for many Android smartphone owners, it stands a strong chance of easing the friction of enrollment in a contactless fare system.
PYMNTS
MARCH 19, 2018
U.K. regulators are encouraging an inquiry into whether the market’s Big Four accountancy firms — KPMG, Deloitte, PwC and EY — should be broken up and forced to spin off their auditing arms, reports said. According to The Guardian on Friday (March 16), the Financial Reporting Council’s (FRC) Chief Executive Stephen Haddrill is calling for an investigation into the industry and whether such a breakup would enhance competition and reduce conflicts of interest.
Payments Source
MARCH 19, 2018
Retailers need to closely monitor new digital wallet trends, like Google Pay, to prioritize the most popular payment instruments to their customers during the purchase process, writes Rahul Shah, senior vice president of Global Delivery & Customer Success at Applause.
PYMNTS
MARCH 19, 2018
More bad news for bitcoin: The cryptocurrecy fell below $8,000 this past weekend, dropping about 25 percent so far this month. According to The Street , bitcoin has now fallen about 60 percent from the all-time high of more than $19,000 the crypto hit in December. This is just the latest dip bitcoin has experienced since the beginning of the year, which started due to reports that South Korea and China were thinking about banning the trade of cryptocurrencies, which led to fears of a wider regul
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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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