Chris Skinner
JULY 14, 2019
Due to various connections, I was asked to deliver the opening keynote speech at the United Nations High Level Political Forum last week (some coverage here). It was one of those rare occasions where I got nervous, looking out at the faces of dignitaries from nations all over the world. … The post The UN’s SDG’s, FinTech and Banking appeared first on Chris Skinner's blog.
PYMNTS
JULY 14, 2019
Samsung has reached an agreement with an online marketplace for financial products in India that will allow consumers to apply for credit cards and loans through the Samsung Pay app. In a deal Samsung signed with Paisabazaar.com, India’s largest online marketplace for financial products, predictive algorithms will connect customers with the lenders most likely to say yes, FinExtra reported.
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Chris Skinner
JULY 14, 2019
The main blog headlines are … Two weeks to pay someone? Luxury! Being raised on Monty Python, an old sketch popped into my head (The Four Yorkshire Men) and led to a thought. A grandfather and grandson are at the dinner table … Grandfather: Ah, when I was a lad, life … The post The Finanser’s Week: 8th July – 14th July 2019? appeared first on Chris Skinner's blog.
PYMNTS
JULY 14, 2019
After hitting the 500,000 user mark, currency exchange service WeSwap has rolled out a Seedrs crowdfunding round. The company is seeking a £2.3 million ($2.89 million) raise, according to reports. The raise is the company’s third on Seedrs and had previously brought in funds from 3,868 investors of more than £3.5 million ($4.4 million). It will support an IW Capital-led Series B investment round.
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.
Chris Skinner
JULY 14, 2019
Things we’re reading today include … French financial regulator wants more flexible market rules U.S. proposes barring big tech companies from offering financial services, digital currencies City regulator fines balloon to £320m in six months Will Mark Carney and George Osborne vie for the top IMF job? Partial ECM exit … The post Things worth reading: 15th July 2019 appeared first on Chris Skinner's blog.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
JULY 14, 2019
Merchants outside of China who have the QR code technology to accept Alipay and WeChat Pay are part of a growing trend to serve Chinese tourists who are comfortable paying via their smartphones.
PYMNTS
JULY 14, 2019
A Japanese venture launched in 2018 by India’s top payments app already has eight million customers, giving Paytm’s PayPay a sizable share of a vast new market, even as it competes against international payment companies in its home country. Paytm, run by One 97 Communications Ltd , is a QR code-based mobile payment service that has taken off in Japan, Paytm Founder Vijay Shekhar Sharma told the Financial Times.
Payments Source
JULY 14, 2019
Almost two years after the Equifax breach led to a congressional uproar but minimal policy change, the protracted fight to enact data security and privacy reform has a new bogeyman.
PYMNTS
JULY 14, 2019
Japanese authorities have formed a task force to study the impact of Facebook’s proposed cryptocurrency , Libra, according to reports. The task force is made up of the Bank of Japan, the Ministry of Finance and the Financial Services Agency, and it began meeting this week. The group is meeting ahead of the upcoming conference of the G7 finance ministers in France July 17-18.
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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
BankBazaar
JULY 14, 2019
Looking to make your first house purchase? Here are some tried-and-tested tips that will ensure a smooth purchase. A house is a great investment. And buying a house is one of the biggest decisions of one’s life, especially if it’s their first one. There will, of course, be a lot of doubts and concerns – will you be able to afford it, will you be able to manage the purchase, etc.
PYMNTS
JULY 14, 2019
Even with the United States announcing it would look into a proposed “digital tax” in France, the country is moving forward with the measure. The country’s Senate has approved the tax despite the threat of an investigation from the United States, according to 9 to 5 Mac. The tax reportedly impacts any digital firm — Apple included — that has revenues exceeding $750 million with a minimum of $28 million generated in the country.
BankBazaar
JULY 14, 2019
If you’re on the way to financial nirvana, here are some financial goals to hit by the time you’re in your 40s. If you’ve already reached them, know that you’ve been doing something right! Life goals such as buying a car, moving into a house of your own, and starting a family, it often becomes difficult to even consider incorporating financial habits into your personal finance.
PYMNTS
JULY 14, 2019
After a contraction in the first quarter of 0.3 percent, blue-chip firms in the United States are forecasted to have a 2.8 percent fall in earnings per share for April to June. If those forecasts are realized, the two consecutive quarters of shrinking earnings would be considered an “earnings recession,” Financial Times reported. “The margin pressure for large tech companies is what is driving the drop in earnings,” said Credit Suisse Senior Equity Strategist Patrick Palfrey, according to the re
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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
The Financial Brand
JULY 14, 2019
Insights from experts on open banking, digital assistants, AI-driven personalization, 'always-on' banking, and employee skills. The post 5 Pivotal Retail Banking Technology Trends for 2020 and Beyond appeared first on The Financial Brand.
PYMNTS
JULY 14, 2019
So far this year, 7,062 retail stores have closed, and that number could reach as high as 12,000, which would be an all-time record, according to a report by CNBC. Coresight Research , which keeps track of store closings, said that last year there were only 5,524 store closings, which was down 30 percent from the previous record of 8,139 closings in 2017.
The Financial Brand
JULY 14, 2019
N26 and Monzo begin introducing their digital-only accounts in the U.S., hoping success achieved overseas translates to victory in America. The post European Challenger Banks Launch U.S. Invasion – Is America Ready? appeared first on The Financial Brand.
PYMNTS
JULY 14, 2019
The world’s second-largest economy wants to make business transactions easier, from nurturing private enterprises to widening market access. The 30-page draft guidelines published by the National Development and Reform Commission (NDRC) aim to reverse a slowdown of economic growth partially caused by the U.S. trade war, Reuters reports. Amid the backdrop of more companies in debt due to expansion and crowded markets, China’s debt load quadrupled over the span of a decade, and Chinese corporate d
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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.
The Financial Brand
JULY 14, 2019
Ecommerce's quasi-holiday, now bigger than just Amazon, brings out offers of extra banking rewards. Smaller institutions like the tie-in. The post How Banks and Credit Unions Piggyback Marketing on Amazon Prime Day appeared first on The Financial Brand.
Payments Source
JULY 14, 2019
Alibaba’s Singles Day has created a proven template for a successful shopping holiday, and it’s now up to U.S. online giants like Amazon to apply a similar strategy, says PPRO's Steve Villegas.
The Financial Brand
JULY 14, 2019
N26 and Monzo begin introducing their digital-only accounts in the U.S., hoping success achieved overseas translates to victory in America. The post Are You Ready for the Invasion of European Challenger Banks? appeared first on The Financial Brand.
PYMNTS
JULY 14, 2019
Just days before the Facebook Libra hearings, a draft bill to limit “ Big Tech ’s” entry into finance and crypto has surfaced online. The draft discussion bill “Keep Big Tech Out of Finance Act” was leaked July 13 from the U.S. House of Representatives Financial Services Committee, The Block reported. The bill aims to prevent big tech firms from becoming financial institutions.
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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.
The Financial Brand
JULY 14, 2019
Ecommerce's quasi-holiday, now bigger than just Amazon, brings out offers of extra banking rewards. Smaller institutions like the tie-in. The post How Banks and Credit Unions Piggyback Marketing on Amazon Prime Day appeared first on The Financial Brand.
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