Sun.Jul 22, 2018

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Things worth reading: 23rd July 2018

Chris Skinner

Things we’re reading today include … Hackers net almost $1m in Russian bank raid India needs a strategy to get the government out of banking Mortgage, Groupon and card debt: how the bottom half bolsters U.S. economy Wall Street braces for tariff fallout as S&P 500 companies report G20 calls … The post Things worth reading: 23rd July 2018 appeared first on Chris Skinner's blog.

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Chili's and Macy's teach very different lessons about breach response

Payments Source

Within hours of learning about the breach, Brinker International, parent company of the Chili’s chain, issued a news release, website notice and social media advisories informing consumers and other interested parties of the incident, writes John Gunn, CMO of OneSpan.

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Does the Fed putting America First destabilise the rest of the world?

Chris Skinner

I see a strong need for global regulatory co-ordination. In particular, in a globalised world with a global network where everyone can connect and transact in real-time, anytime, anywhere, the idea of national regulators regulating a system that does not recognise national borders seems counter-intuitive. This was illustrated well by … The post Does the Fed putting America First destabilise the rest of the world?

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Mastercard, Worldpay double down on bank-app payments as PSD2 threats grow

Payments Source

Mastercard and Worldpay are embarking on a strong push to promote Mastercard's Pay by Bank system, which will likely face a deluge of competition under the updated Payment Services Directive (PSD2), which took effect this year.

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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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The Dangers of a ‘Digital First’ Strategy in Banking

The Financial Brand

Banks and credit unions that let their “digital first” strategy become “digital only" risk killing the very thing that gives them their competitive advantage. The post The Dangers of a ‘Digital First’ Strategy in Banking appeared first on The Financial Brand.

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Despite Mobile Options, Consumers Stick With Their Traditional Bank … For Now

The Financial Brand

Digital banking use continues to grow, but most consumers still use their current bank for the majority of banking services. The post Despite Mobile Options, Consumers Stick With Their Traditional Bank … For Now appeared first on The Financial Brand.

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