Bank Innovation
AUGUST 14, 2017
Wells Fargo has been going through a rough patch lately, but the bank itself is focused on moving forward. This is especially true when it comes to digital banking. The San Francisco-based bank is looking at partnerships as a way of improving banking experience for its current digital users (including mobile). “We are trying to […].
Chris Skinner
AUGUST 14, 2017
Last week marked ten years since the financial crisis hit. On August 9 2007, BNP Paribas froze three of its American funds, the first in a chain of events which would lead to the biggest recession since the Great Depression. These funds were tied to American subprime mortgages and the … The post Ten years since the crisis hit, what’s new?
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Bank Innovation
AUGUST 14, 2017
PayPal is launching two tech centers in India, in order to facilitate growth in areas like artificial intelligence, virtual reality, and the internet of things. The centers, located in Chennai and Bangalore, respectively, will also help to grow the nation’s evolving fintech startups. Projects in the two innovation labs will be focused on areas like […].
Abrigo
AUGUST 14, 2017
When business owners think of their accountant, some might immediately think of the money they pay for tax preparation, an audit or other compliance services – the type of service “a client doesn’t want but needs,” as accounting thought leader Allan Koltin has described “Level 1” or “Type 1” services. Accountants offering advisory services have a unique opportunity to shift their client’s mindset so that they view their accountant as a trusted advisor and a growth partner rather than a cost cent
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Bank Innovation
AUGUST 14, 2017
It’s the 21st century marketing mantra: Never underestimate the power of ‘smart.’ We have ‘smart’ phones, ‘smart TVs’, a ‘smart’ doorbell and yes, even a ‘smart’ dishwasher. What about ‘smart’ authentication? Multifactor authentication strategies, while rising in popularity continue to be dogged by the tradeoff of usability and security. In other words, if authentication solutions […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
AUGUST 14, 2017
Many countries have joined the rush to go cashless by promoting wider adoption of digital payments and legalizing cryptocurrencies. Still, it’s European countries like Sweden that continue to be the models for cashless societies. The Riksbank, Sweden’s central bank, predicts that cash transactions will just be a mere 0.5 percent of all transactions by 2020. […].
PYMNTS
AUGUST 14, 2017
Wells Fargo is facing a fresh lawsuit contending the bank’s Merchant Services Unit overcharged small businesses for the payment processing of their credit card transactions. According to a news report on CNN.com , citing a lawsuit filed in U.S. District Court, Wells Fargo also hit business owners with “massive early termination fees” and targeted business owners who weren’t as savvy, by using “deceptive language.
Bank Innovation
AUGUST 14, 2017
German fintech company Deposit Solutions acquired Berlin-based retail deposits platform, Savedo for an undisclosed amount, it was announced today. Hamburg-based Deposit is an open banking platform for deposits. It also operates the investment platform ZINSPILOT. The acquisition adds more than 18,000 registered clients, 13 partner banks and two new regions (Austria and the Netherlands) to […].
PYMNTS
AUGUST 14, 2017
With two billion active monthly users, Facebook is leveraging its massive audience against a new vertical: real estate. According to reports, the social media giant has launched “Dynamic Ads For Real Estate,” a new advertising feature that might just challenge Zillow’s supremacy in the digital retail arena. The product functions by integrating real estate firms’ existing listing data into the Facebook advertising platform.
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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
AUGUST 14, 2017
Between keeping business users happy, integrating new technologies into the app, and preparing for an upcoming consumer rollout, Curve’s new head of operations, Rona Ruthen, has a lot to do. Ruthen, who was promoted to the position two months ago, will be keeping her focus on two main goals: scale, and the simplicity current Curve […].
PYMNTS
AUGUST 14, 2017
Berlin-based fintech Billie announced it will now offer small and medium-sized businesses (SMBs) invoice financing, following an agreement with internet technology and financial services provider Wirecard. Crowdfund Insider reported Billie will offer SMBs and freelancers the opportunity to pre-finance their invoices by purchasing all liabilities from third parties and settling the outstanding amount.
Bobsguide
AUGUST 14, 2017
The financial industry remains one of the largest and most highly scrutinized and regulated industry’s in the world. In the U.S. alone FINRA, a not-for-profit organization authorized by Congress to protect America’s investors, keeps watch over 632,740 brokers representing over.
PYMNTS
AUGUST 14, 2017
Africa is getting its own version of Amazon. Or at least, Nairobi, Kenya, is, with potential to one day see this marketplace representing all major cities across Africa. The software-as-a-service (SaaS) eCommerce platform is called Sky.Garden, and merchants use its virtual shelves to peddle everything from mobile phones and electronics to fashion, from household items and décor to art, and even safety equipment.
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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
Let's Talk Payments
AUGUST 14, 2017
The LTP Team had a pleasure to speak with JP Nicols, Managing Director of FinTech Forge and Chairman of Next Money, as the Next Money team prepares for their upcoming.
PYMNTS
AUGUST 14, 2017
Turnarounds are not easy work — just ask the team at JC Penney. As of the end of Q2, the numbers aren’t quite what the long-suffering retail chain was hoping to see. Same-store sales and earnings both clocked in under analyst estimates, and net losses grew to $62 million, or 20 cents per share, from the $56 million, or 18 cents per share, reported in the same time frame last year.
NCR
AUGUST 14, 2017
It can be tempting to view online banking as the inevitable future of the sector. For many people, digital services are not only their preferred way of managing their finances, but the only way. This is particularly true in developing markets, where services such as mobile banking reach parts of the world that were considered inaccessible or not cost-effective just a few years ago.
PYMNTS
AUGUST 14, 2017
Facebook has reportedly entered the market in China, anonymously launching a new photo-sharing app earlier in the year. According to a report, the app, dubbed Colorful Balloons, was rolled out earlier in 2017 but does not include the Facebook name. Facebook confirmed over the weekend that it had launched the Chinese app. The app was released through a separate company based in China.
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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.
BankNXT
AUGUST 14, 2017
What are the rules for investing in cryptocurrencies? Faisal Khan reveals how he invests using the four currencies that 'make sense'. How to invest in cryptocurrencies smartly on BankNXT.
PYMNTS
AUGUST 14, 2017
A new study has found that implementation of digital technology has enabled procurement organizations to reduce their full-time workers by an average of 29 percent, lowering labor costs by 22 percent. Research by The Hackett Group finds both buyers and sellers benefit from the technologies that automate processes, accelerate communication and shrink the distance between a global web of suppliers and customers.
Payments Source
AUGUST 14, 2017
An analysis of a test shows runtime application self-protection (RASP) successfully defends mobile banking apps targeted by BankBot against overlay attacks, writes Frederick Mennes, manager of the security competence center at Vasco Data Security.
PYMNTS
AUGUST 14, 2017
PayPal, the digital payments company, is rolling out two new technology Innovation Labs based in India, where FinTech startups are currently flourishing. According to a news report , with technology like digital payments, artificial intelligence and virtual reality rapidly becoming commonplace around the world, PayPal will use the innovation labs to benefit the economy in India.
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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.
Payments Source
AUGUST 14, 2017
An encrypted website and secure network aren’t very helpful when customers have been unknowingly routed to a criminal’s lookalike site, writes Simon Thorpe, director of product for Authy at Twilio.
PYMNTS
AUGUST 14, 2017
The earnings season may be waning, but its impact on stocks has not diminished one iota. In fact, the season saw stocks weighted a bit to the downside. This past week, one name saw double-digit percentage gains: retail banking company Green Dot Corporation, the prepaid Mastercard and Visa debit card issuer. Green Dot shares soared more than 14 percent on the week, buoyed by an earnings report early on that showed net income of 55 cents per share versus the expected 40 cents per share.
Payments Source
AUGUST 14, 2017
Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Alibaba's fast growth; U.K. fintechs shuffle leadership; BNP Paribas expands invoice technology; RBS issues new bills.
PYMNTS
AUGUST 14, 2017
There seems to be an awful lot of piling on these days on the big online platforms. Startups are piling onto Facebook, claiming that they steal their good ideas. . As The Wall Street Journal reported last week, the founders of live video chat service, Houseparty.com , said they thought they were being invited into Facebook’s offices last year to discuss a potential acquisition.
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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.
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