Chris Skinner
JULY 4, 2017
I’ve written a column for The Banker magazine for the last 15 years and, during that time, have collected their special July edition each year. Every July The Banker publishes their analysis of the Top 1000 banks in the world. In the 1990s, the top 10 were mainly Japanese; in the 2000s, American; and today, Chinese. This year is particularly interesting as there is a clear impact of Brexit on the British banks.
Bank Innovation
JULY 4, 2017
Ever walk away from an impulse buy cursing yourself for using the wrong card? There’s an app for that now–well, a fintech. Curve, a London-based fintech that currently allows users to aggregate multiple bank cards together using one physical card and a mobile wallet, is rolling out what’s been dubbed as its “Financial Time Travel […].
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Chris Skinner
JULY 4, 2017
Things we’re reading today include: Europe’s top bank watchdog makes case for optimism More than 80,000 Italians apply for just 30 bank jobs, as economy remains in doldrums Plan to put a mini computer screen on bank cards France to propose new measures to lure City banks to Paris FSA warned Lloyds in 2012 about risk of ‘potential fraud’ at HBOS Reading Tesco Bank boss Benny Higgins to step down after a decade Worldpay shares soar further on takeover approaches Worldpay merger w
Bank Innovation
JULY 4, 2017
Change is coming–financial services firms are making sure of it. The majority of FIs will be accelerating investments into ‘change,’ according to a survey released last week by Accenture. The top two areas FIs will be targeting are cost control/efficiency, better customer service, and of course, new digital technologies. About 40% of FIs are currently […].
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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
PYMNTS
JULY 4, 2017
The speed of cryptocurrency is a lure in terms of getting transactions done. So is the security. The price, at least for Bitcoin? Not so much — not anymore. As The Wall Street Journal reports , while Bitcoin’s initial design may have been predicated on cheapness, the status quo has changed when it comes to transactions. In fact, the attendant costs of buying and selling the digital currency have risen so much, they are proving rather controversial.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
JULY 4, 2017
The headlines during the penultimate week of June in The Washington Post regarding the Seattle minimum wage increase might have been a bit confusing to the casual observer. On June 20, the news trumpeted that minimum wage was not killing jobs. Five days later, headlines stated it was possible boosting minimum wage jobs was making life worse for the working class , followed two days by an article noting the program was working just as intended.
Let's Talk Payments
JULY 4, 2017
Consumers are adopting peer-to-peer FinTech technologies in their everyday lives, from electronic wallet solutions to mobile money transfers. Online payments in e-commerce no longer faze consumers, with the total global.
PYMNTS
JULY 4, 2017
Hackers are on the lookout for new ways to attack, and now it looks like developing nations may be a favored conduit. As noted by The New York Times , some sophisticated attacks are surfacing, and they show bells and whistles such as artificial intelligence. In one example, malicious software is being traced to India, where once it would have been more readily housed in the United States.
Bobsguide
JULY 4, 2017
Europe’s biggest fintech event, Money 20/20, kicked off last week in Copenhagen. With more than 70 sessions across five tracks, industry leaders and senior figures from around the world came together to discuss the emerging trends in payments and the future of banking, biometrics and more.
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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
PYMNTS
JULY 4, 2017
The chief executives of U.S. banks have been paid handsomely since 2004, with the average boss making three times as much as their counterparts around the globe. That’s according to a new study by Bernstein analysts, which was covered by the Financial Times , who pointed out the reasoning for the pay disparity may be because overseeing a bank in the U.S. is lot more complicated.
Let's Talk Payments
JULY 4, 2017
FinTech startups have revolutionized the financial service industry with their niche ideas and tech-savvy innovations. If the idea can bring something new to the industry, there is a real chance.
PYMNTS
JULY 4, 2017
Fireworks, BBQ and patriotism are in the air. At this time about 240 years ago, the United States officially signed the Declaration of Independence, stating the 13 colonies at war with Britain had separated themselves to form their own country. Stemming from the creation of this brand new country that we today call the United States of America, we’ve developed our own identity.
BankNXT
JULY 4, 2017
JP Nicols interviews a handful of fintech superheroes at this year's Money2020 Europe in Copenhagen, including Monese, Oakam, Hyperledger and Token. Money2020 – fintech superheroes on BankNXT.
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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.
PYMNTS
JULY 4, 2017
Ming-Chi Kuo, a KGI analyst who is often given kudos for his insider information on the movements on Apple and its iPhones, published a new report on the upcoming lineup of iPhones , saying the company is gearing up to release the iPhone 8 with a home button that is hidden under the screen. According to a report, Kuo thinks the iPhone 8 will have the highest screen-to-body ratio of any smartphone on the market, thanks in part to the virtual home button.
Bobsguide
JULY 4, 2017
Business Systems’ Tim Thurston explains how Interaction Analytics can be used to help comply with the ever tightening regulations within the financial services Industry. Why is the adoption of Interaction Analytics gaining momentum within financial services? In an effort to comply with.
PYMNTS
JULY 4, 2017
Retailers in Europe and the U.K. are reportedly using spy technology in an effort to boost sales and customer service. The technology is being used to read customers’ facial expressions, heart rate and pupil dilation while they browse the aisles of physical stores. According to a Telegraph report , the technology being installed across the U.S., Europe and the U.K. can tell if a customer is having trouble finding an item, read their reactions to particular products and identify and prevent the a
BankNXT
JULY 4, 2017
Will Beeson attends the annual 'VCs Take the Stage' event and talks to Alex Macpherson of Octopus Ventures, and Carolina Brochado of Atomico. The fintech VC’s view – Octopus Ventures and Atomico on BankNXT.
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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.
PYMNTS
JULY 4, 2017
Whether it’s waiting for a paycheck to show up in the bank or accidentally making a charge on a company card rather than a personal one, payment method and online pay accidents are bound to happen to everyone. One business that’s looking to help is mobile wallet company Curve. It recently announced a new feature that may prove to be a great asset for digitally-savvy people.
ATM Marketplace
JULY 4, 2017
A Chicago neighborhood is one example of the many anomalies when it comes to the digital discussion and pushing mobile payments forward.
PYMNTS
JULY 4, 2017
In the quest for the fabled unicorn, the tech kind, a new VC fund is taking shape. As reported in news by TechCrunch , two tech mavens hailing from India have started a new venture capital fund, which will look to shepherd tech startups toward billion dollar valuations. There are eight such companies extant in India, ranging from Paytm to Ola, the ride-hailing firm.
NCR
JULY 4, 2017
If the past few years has proven anything about financial services, it’s that innovation is the lifeblood of the industry, particularly where competition and greater consumer choice are concerned. The new generation of fintechs have relied on innovation to carve out their niche in the market. Many growing firms are harnessing the potential of technology to provide new experiences for customers, offering a genuine alternative to established financial institutions.
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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.
PYMNTS
JULY 4, 2017
Drip. Drip. Drain. Much attention in the past year revolving around Brexit has focused on the impact of who will move where: In the midst of talks on immigration, which firms will leave the U.K. for the Continent, and where will workers work? Where will non-British professionals choose to live and labor? The exodus of skilled labor may be significant, according to a recent Deloitte study, which found that, as noted in The Guardian , roughly one-third of British workers are of the mind to leave t
The Paypers
JULY 4, 2017
(The Paypers) The National Audit Office (NAO) has released a report that names online fraud the most commonly experienced crime in England and Wales.
PYMNTS
JULY 4, 2017
With 30 percent of the app-driven ridesharing trips taken in the United States, a decade into its journey, Lyft is proving to be a formidable Uber competitor. And part of that is due to the firm’s structure, according to President John Zimmer. In an interview with The Financial Times , Zimmer stated that the joint leadership role that exists between himself and co-founder Logan Green is one that allows for synergy and efficiency.
The Paypers
JULY 4, 2017
(The Paypers) HID Global , an identity solutions provider, has acquired Arjo Systems , a provider of physical and digital identity solutions for secure government ID applications.
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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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