Sun.Oct 21, 2018

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Is the world being democratised through technology?

Chris Skinner

Someone told me I should start a travel blog, as I fly more than most pigeons do. True. But I’m not sure my travel blog would be read so much. However, it does make me reflect on travel and money. Some countries are still reliant on cash whilst others are … The post Is the world being democratised through technology? appeared first on Chris Skinner's blog.

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Bitcoin Daily: AML Crypto Regulation Will Be Dictated In June 2019

PYMNTS

The Financial Action Task Force (FATF) announced that it will get one step closer to creating international standards for cryptocurrency when it launches its first set of rules in June of 2019. According to Reuters , the Paris-based global AML watchdog revealed that jurisdictions around the world will be required to license or regulate cryptocurrency exchanges, as well as select firms providing encrypted wallets and firms providing financial services for ICOs.

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The Finanser’s Week: 8th October – 21st October 2018

Chris Skinner

The main blog headlines are … Customer intelligent marketing is not a scary thing I grew up as a marketing guy. My first career roles were in marketing. I was trained by Kotler and Drucker, and still hold true to first principles of marketing: the 4 P’s or, if you’re … The post The Finanser’s Week: 8th October – 21st October 2018 appeared first on Chris Skinner's blog.

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JPMorgan To Open FinTech Office In Silicon Valley

PYMNTS

JPMorgan Chase is doubling down with its FinTech aspirations, gearing up to start development of a new FinTech corporate campus in the early part of 2019. CNBC reported that the campus in Palo Alto, California will be home to more than 1,000 employees. The campus will be located between Facebook and Google in the Stanford Research Park. JPMorgan Chief Executive Jamie Dimon views technology as a way to keep back the competition from FinTech startups that are luring over millennial customers in dr

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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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Things worth reading: 22nd October 2018

Chris Skinner

Things we’re reading today include … Global banks curb China travel after UBS banker stopped from leaving Goldman Sachs changes Asia investment banking leadership: memo Ex-Deutsche trader charged in rate-rigging case Lloyd’s warns of ‘crippling’ insurance crisis leaving emerging economies vulnerable Serious Fraud Office presses case to get criminal charges … The post Things worth reading: 22nd October 2018 appeared first on Chris Skinner's blog.

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FCA: Regtechs must be realistic about their capabilities

Bobsguide

Regtech organisations need to be honest about their capabilities, according to Nick Cook, head of regtech and advanced analytics at the UK's Financial Conduct Authority (FCA), during a panel discussion at this year’s Money20/20. “Regtech was a convenient new buzzword, a.

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SWIFT Successfully Tests Instant Cross-Border Payments

PYMNTS

SWIFT announced Sunday (October 21) successful test results of its new instant cross-border payments proof of concept, involving banks in China, Singapore, Thailand and Australia. In a press release , SWIFT said the trial showed that by enabling gpi in real-time domestic systems, payments can happen near instantly, even when they involve domestic settlement and non-gpi banks.

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AI to reshape rather than replace finance workforce

Bobsguide

The job market within the financial service sector is set for a significant shift as the revolution in artificial intelligence (AI) reshapes processes and roles, a panel told its audience at this year’s Money20/20. For Gregory Simpson, senior vice president and chief technology officer at.

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Fear Climbs That Small Banks Are Taking On Too Much CRE Loan Risk

PYMNTS

Bank OZK , the Arkansas lender, saw its stocks plunge late last week after it took a more than $45 million write-down on two commercial real estate loans, stoking fears that small banks in the U.S. are taking on too much commercial real estate loan risk. The Financial Times, citing analysts, reported Bank OZK has $22 billion in assets, with half coming from commercial real estate and multi-family real estate loans.

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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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Tech can't solve everything in global e-commerce

Payments Source

The international payments infrastructure has reached a point where consumers can use their cards in many parts of the world as easily as they can in their own country. But finding retailers who can accept all of these cards is a completely different story.

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Google To Charge Hardware Companies To Use Its Apps To Comply With EU

PYMNTS

Alphabet’s Google is gearing up to charge hardware companies as much as $40 per device to use its mobile apps as part of a new licensing system that will replace one the European Union found was anticompetitive. Reuters , citing a person familiar with the matter, reported late last week that the fees kick off on October 29 for any smartphone or tablet model that is launched in the European Economic area and runs Google’s Android operating system.

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Finastra CTO: Data is the "big play" in firmâ??s new SaaS payment solution

Bobsguide

Finastra revealed its cloud-based instant payments offering for small and mid-sized banks at Sibos 2018 today, in Sydney, Australia. The Fusion Global PAYplus packaged solution - which has a release date of Q2 next year - will enable tier three and four financial.

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The Fintech 250: The Top Fintech Startups Of 2018

CB Insights

CB Insights unveiled the second annual Fintech 250 — a list of 250 of the most promising private companies applying a mix of software and technology to transform the financial services industry. THE FINTECH 250 STORY. CB Insights clients can view the full Fintech 250 story by clicking the button below. If you are not a client, and would like to view the full story, click the button below to sign up for a free trial of the CB Insights' platform.

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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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Finasta CTO: Data is the "big play" in firmâ??s new SaaS payment solution

Bobsguide

Finastra revealed its cloud-based instant payments offering for small and mid-sized banks at Sibos 2018 today, in Sydney, Australia. The Fusion Global PAYplus packaged solution - which has a release date of Q2 next year - will enable tier three and four financial.

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Top 100 Banks Using Social Media in Q3 2018

The Financial Brand

The top 100 banks using Facebook, Twitter and YouTube ranked by their overall social media community through the third quarter of 2018. The post Top 100 Banks Using Social Media in Q3 2018 appeared first on The Financial Brand.

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The loyalty penalty â?? will it prove an expensive own goal for banks?

Bobsguide

The news that the UK's Citizens Advice Bureau (CAB) has filed a super-complaint with the Competition and Markets Authority (CMA) over what it describes as a £4bn ‘loyalty penalty’ will have sent shockwaves across impacted markets. The CAB calculates that the loyalty penalty.

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Top 100 Banks On Twitter in Q3 2018

The Financial Brand

The top 100 banks on Twitter ranked by the total number of their Followers through the third quarter of 2018. The post Top 100 Banks On Twitter in Q3 2018 appeared first on The Financial Brand.

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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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For global e-commerce, one processor is better than many

Payments Source

Today, you can sell anywhere in the world successfully with just a single payment gateway integration, writes Ralph Dangelmaier, CEO of BlueSnap.

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Top 100 Banks on Facebook in Q3 2018

The Financial Brand

The top 100 banks on Facebook ranked by their total number of 'Likes' through the third quarter of 2018. The post Top 100 Banks on Facebook in Q3 2018 appeared first on The Financial Brand.

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Top 100 Credit Unions Using Social Media in Q3 2018

The Financial Brand

The top 100 banks using Facebook, Twitter and YouTube ranked by their overall social media community through the third quarter of 2018. The post Top 100 Credit Unions Using Social Media in Q3 2018 appeared first on The Financial Brand.

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Top 100 Banks on YouTube in Q3 2018

The Financial Brand

The top 100 banks on YouTube ranked by the total number of all-time video views they generated through the third quarter of 2018. The post Top 100 Banks on YouTube in Q3 2018 appeared first on The Financial Brand.

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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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Top 100 Credit Unions on YouTube in Q3 2018

The Financial Brand

The top 100 credit unions on YouTube ranked by the total number of all-time video views they generated through the second quarter of 2018. The post Top 100 Credit Unions on YouTube in Q3 2018 appeared first on The Financial Brand.

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Top 100 Credit Unions On Twitter in Q3 2018

The Financial Brand

The top 100 credit unions on Twitter ranked by the total number of their Followers through the third quarter of 2018. The post Top 100 Credit Unions On Twitter in Q3 2018 appeared first on The Financial Brand.

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Top 100 Credit Unions on Facebook in Q3 2018

The Financial Brand

The top 100 credit unions on Facebook ranked by their total number of 'Likes' through the third quarter of 2018. The post Top 100 Credit Unions on Facebook in Q3 2018 appeared first on The Financial Brand.