Chris Skinner
DECEMBER 20, 2017
The other forecasting I made at start of year concerned the big FinTech trends of 2017. Again, I thought it might be of interest to revisit them. Removing friction from the customer journey I guess this is a given, and wasn’t a big trend of 2017 … just a big trend … The post The Top FinTech Trends of 2017 … were they? appeared first on Chris Skinner's blog.
PYMNTS
DECEMBER 20, 2017
Passport, company that’s managing much of the technical aspects of how people pay to use public transportation resources in cities like London, Miami and Los Angeles, has just raised $43 million. The money, from Bain Capital Ventures, will go to help the company expand its payment and transaction services nationally and internationally. Read More.
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Bank Innovation
DECEMBER 20, 2017
Berlin-based savings deposit marketplace Raisin has received capital from payments company PayPal, which will be used to push the fintech’s growth in the market. The amount of funding, described as a “strategic investment” by PayPal, remains undisclosed. However, the backing by PayPal joins a €30 million ($35 million) round the fintech raised earlier this year […].
PYMNTS
DECEMBER 20, 2017
“Half the money I spend on advertising is wasted; the trouble is, I don’t know which half.”. That’s a quote from department store maven John Wanamaker, illustrating a conundrum for retailers (and merchants in general): Namely, you’ve got to reach out to consumers if you are going to convince them to buy your wares. But reaching out involves time and money — both precious commodities.
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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
Chris Skinner
DECEMBER 20, 2017
Things we’re reading today include … Bitcoin lottery launches in Ireland Top 10 Retail Banking Trends and Predictions for 2018 Tandem’s Takeover of Harrods Bank Approved by Bank of England BNY Mellon freezes $22 billion in Kazakhstan assets: source Bank’s olive branch increases chance of Brexit deal City can live … The post Things worth reading: 21st December 2017 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.
Chris Skinner
DECEMBER 20, 2017
For the last year and a half or so, much buzz has been generated in the HR world about artificial intelligence — how it will revolutionize business, streamline everything, take everyone’s jobs and force us to live in tiny pods, etc., etc. Chances are pretty good that you’ve been contacted by a vendor wishing to demonstrate how its AI solution will solve every last one of your problems.
Bank Innovation
DECEMBER 20, 2017
“ HSBC Set Free of Deferred-Prosecution Pact,” The Wall Street Journal , December 12, 2017 B10. Five years later, HSBC has apparently cleaned up its act enough, and its independent monitor can now go home. Independent monitors are an intrusive and expensive mechanism by which to avoid criminal conviction. You pay a third party to watch to make sure you don’t do anything wrong going forward.
PYMNTS
DECEMBER 20, 2017
Image courtesy of Pixabay Today I am pleased to share with you a guest post by Julian de Sevilla with PATlive. An effective customer service solution has always been a tool that helps businesses stand out. However, customers recently have come to expect more from businesses in terms of service, forming a landscape that’s saturated with options, and thus hyper-competitive.
Payments Dive
DECEMBER 20, 2017
The post Happy Holidays 2017! appeared first on Smooth The Path.
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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
DECEMBER 20, 2017
As more businesses join collaborative groups and invest in internal research and development (R&D) to explore using blockchain for new services, some firms have begun to use the technology themselves. This week, news from Citigroup, UPS and Vanguard signal interest in using the distributed ledger technology in the back office. Plus, in this week’s Blockchain Tracker, PYMNTS takes a look at how governments continue to consider the tool, with one city aiming to be the first government that run
Let's Talk Payments
DECEMBER 20, 2017
In our discussions lately with CXOs and innovation heads of major banks, we have been seeing an interesting trend shaping up. Many of them are trying to find ways to.
PYMNTS
DECEMBER 20, 2017
Global Exchange is expanding its global payments services designed for the professional services space and broadening its customer scope, the company announced on Tuesday (Dec. 19). Along with its parent company, Cambridge Global Payments, Global Exchange is introducing Invoice Automation Solutions, a new service for businesses across industries that will be added into the Cambridge Global Payments offering.
Bobsguide
DECEMBER 20, 2017
It is a constant arms war that costs banks millions of dollars each year to combat the attacks of increasingly sophisticated criminals. Do banks have the resources and skill to get ahead of the cybercriminals? The short answer is no. Ever since criminals realised that bank heists.
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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
DECEMBER 20, 2017
Nearly a quarter of U.K. small businesses (SMBs) believe banks have changed their ways since the global financial crisis, according to a new survey by CivilisedBank. The data, according to a report by Asset Finance International , also found that most SMBs believe banks do not prioritize acting in a “civilized” manner with their customers. Small businesses said they feel employees at banks are more concerned with short-term sales instead of building long-lasting client relationships.
Bobsguide
DECEMBER 20, 2017
Virtual Reality Headsets are all the rage right now. Snag this ZEISS VR One Plus Virtual Reality Headset for $44.99 at Best Buy today. Supports smartphones with screen sizes of 4.7″ to 5.5″ Most smartphone models are supported thanks to the universal tray. Immerse yourself into whole new worlds using your smartphone and this Zeiss VR One Plus Virtual Reality Headset.
PYMNTS
DECEMBER 20, 2017
Data is expected to show slower economic growth across Canada for the second half of 2017 and, along with it, a slowdown in small- and medium-sized business (SMB) lending, according to new research from small business credit data and analysis firm PayNet. In its “Small Business Lending Index,” released Tuesday (Dec. 19), PayNet found a downturn in borrowing among medium-sized businesses for the month of September, with the index itself declining to 111.4 points from its previous 115.2.
Bobsguide
DECEMBER 20, 2017
Wasting time means losing money. That is what digital era businesses cannot bear, and very soon the speed of traditional bankers and banking methods will be comparable to a steam train being placed next to a modern Transrapid i.e. the banking technology of the future. This fact has been.
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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
DECEMBER 20, 2017
Geld stinkt nicht. Germany might be an economic powerhouse, its citizens are rather old fashioned but when it comes to payment preferences — and happily so. According to research inside the new PYMNTS Global Cash Index Germany Analysis, the country has a cash share of 20 percent as of 2016. That’s the sixth-highest cash share of countries in Western Europe, higher than that of neighboring nations like Belgium (15.4 percent), France (7 percent) and the Netherlands (7.1 percent).
NCR
DECEMBER 20, 2017
User authentication has been a chief security concern for financial institutions (FIs) for many years, and is arguably more pressing today than it has ever been before. The modern financial services industry encompasses an expanding array of channels through which consumers can log into their accounts, authorize transactions and make payments. The upside of this is increased convenience and a stronger customer experience , but the downside is a wider range of potential attack vectors for crimina
PYMNTS
DECEMBER 20, 2017
A logistics startup that is already servicing some big names has announced $4.3 million in new venture capital (VC) funding. Monday (Dec. 18) reports from TechCrunch said AxleHire — which facilitates last-mile logistics and delivery for subscription commerce and consumer packaged goods (CPG) firms like HelloFresh and La Boulangerie — has secured the new funding from contributors like Acorn Pacific, RGA Ventures and other backers.
Payments Source
DECEMBER 20, 2017
The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon faces regulatory pressure in France; Italian banks build blockchain; Swiss cryptocurrency company seeks bank license; PCI Council adds new director.
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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
DECEMBER 20, 2017
Paychecks can be confusing for employees — and often wrong. Understanding how much you’re being paid, and how much goes to taxes, can be easily misunderstood. According to The Workforce Institute at Kronos, most Americans have experienced some type of problem with their paycheck. More than a quarter said they were paid too little, and 15 percent said they’ve received a paycheck late.
The Paypers
DECEMBER 20, 2017
We (Cori and Matt) are betting that comics are a memorable part of your childhood, whether they were the color comic strips in the Sunday newspaper or comic books. If not, then it was probably animated comics — cartoons! They’re visual. They’re colorful. Adults and children alike flock to animated movies at theaters when they’re […].
PYMNTS
DECEMBER 20, 2017
World, meet Magic Leap One. Magic Leap One, meet the world. More at: [link] pic.twitter.com/2iXgyPs21K — Magic Leap (@magicleap) December 20, 2017. So here are the pictures of the new Magic Leap goggles coming soon. Also here is some early prototype pics via Rolling Stone who Magic Leap CEO Rony Abovitz shared the new Magic Leap news with. [link].
The Paypers
DECEMBER 20, 2017
In 2018, hiring volume is again predicted to increase with 61% of recruiters expecting to hire more people. According to SourceCon’s State Of Sourcing Survey, increased hiring volume coupled with stagnant recruiter headcount means the most important trend to learn and understand for recruiters are tools and technology. Here’s a list of the 6 best recruiting tools you should be using in 2018 summarized in an infographic.
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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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