Bank Innovation
JANUARY 22, 2018
Walt Disney World is piloting a cashless resort at its Animal Kingdom Lodge next month. According to a WDW report, starting Feb. 12, Jambo House at the Animal Kingdom Lodge Resort will be the first location to go cashless for both purchases and services. Forms of payments that will be acceptable at the resort includes […].
Chris Skinner
JANUARY 22, 2018
I was reflecting on this year’s Edelman Trust Monitor, a global survey of trust amongst consumers that has been running for 18 years. This year’s results prove fascinating, as there has been a slump in confidence in the media over the past year, due to fake news. However, the part … The post Half of banks’ customers don’t trust them appeared first on Chris Skinner's blog.
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Bank Innovation
JANUARY 22, 2018
EXCLUSIVE— The march of mobile banking and payments continues across the U.S., but it may be smarter for those startups looking to break into that market to look at other regions, Eric Wiesen, general partner for Bullpen Capital, told Bank Innovation. “In the U.S., my guess is that mobile payments will continue to grow perfectly […].
Payments Dive
JANUARY 22, 2018
An interplay of factors – competition from non-traditional players, constant margin pressure and the ongoing shift to digital consumerism and omni-channel commerce -- is having a significant impact on the merchant acquiring business.
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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
JANUARY 22, 2018
EXCLUSIVE – British money management app Emma has integrated with challenger bank Monzo today. Last week Bank Innovation reported Emma’s plans to partner with digital banks like Monzo and Revolut. Today, Monzo released a statement confirm that integration. Tom Blomfield, CEO and Co-Founder, Monzo said in a statement today: Making an API available opens up loads […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
JANUARY 22, 2018
FX trading could, like a variety of financial services, be conducted primarily through a mobile device in a few short years, according to a survey conducted by JPMorgan Chase. The survey found that 61% of traders are “extremely” or “somewhat” likely to use a mobile trading app in 2018. However, while survey respondents (the majority […].
PYMNTS
JANUARY 22, 2018
The mobile devices in consumers’ pockets are getting smarter, and consumers are increasingly using those intelligent capabilities to manage their money. Now, banks are turning to use artificial intelligence (AI) to help consumers make smarter choices by providing actionable financial insights. In the January edition of the Digital Banking Tracker , powered by Feedzai , PYMNTS explores the latest developments surrounding new financial management solutions that are being powered by AI. .
Bank Innovation
JANUARY 22, 2018
While ICOs might be growing more popular as a way of raising capital, the investing method is struggling under its share of problems, including regulatory scrutiny, slow or congested payment methods, and of course, increased activity from hackers and bad actors. This is according to a new report from Ernst & Young, which found that […].
PYMNTS
JANUARY 22, 2018
Is India’s push for biometric IDs a bust? According to an article in The New York Times on Sunday (Jan. 21), one economist, Reetika Khera of the Indian Institute of Technology in Delhi, noted that the sweeping program to issue 12-digit ID numbers to the country’s 1.3 billion residents is possibly becoming a casualty of “its own ambitions.”. In an opinion piece for the publication, the economist posited that “ so far, [the program] Aadhaar — ‘the foundation’ in Hindi — seems to have helped neith
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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
Bank Innovation
JANUARY 22, 2018
Chinese mobile payments platform WeChat Pay arrives in Italy, enabling Chinese shoppers to make purchases in the country. These transactions can be online or in stores. WeChat Pay’s launch in Italy comes as a result of a partnership between WeChat parent company Tencent Trusted Partner, Italy’s Digital Retex and DOCOMO Digital, the European subsidiary of […].
PYMNTS
JANUARY 22, 2018
Due to high risks and “insufficient” protection, the Nordic region’s largest bank will ban its approximately 31,000 employees from trading in cryptocurrencies such as bitcoin, the company said on Monday (Jan. 22), according to news from Reuters. “The risks are seen as too high, and the protection is insufficient for both the coworkers and the bank,” a Nordea spokeswoman told Reuters.
Payments Dive
JANUARY 22, 2018
TNS securely delivers more than 24 billion payments transactions each year for customers in 60+ countries globally.
PYMNTS
JANUARY 22, 2018
Charles Babbage is considered “the father of the computer.” But it was Lord Byron’s daughter, the mathematician Ada Lovelace , who wrote the first algorithm that made computing machines more than just fancy calculators. Sir Edmund Hillary is the first person to have reached the top of Mt. Everest, and was knighted for that achievement. But it was his Sherpa, Tenzing Norgay , who carried the equipment, prepared the route and took the risks to make sure that Hillary reached the summit
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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.
Bobsguide
JANUARY 22, 2018
It is ironic that while banks are closing branches and moving to automated, self-service channels they are also trying to offer personalised services to their customers at an individual level. In the past, relationships were developed and deepened with local bank branches staffed by people whose.
PYMNTS
JANUARY 22, 2018
Royal Dutch Shell is boosting its position in the world of blockchain through an investment in distributed ledger startup Applied Blockchain. According to Forbes reports , Shell’s trading unit, Shell Trading International, secured a minority stake in the U.K. startup, which develops blockchain apps with a focus on smart contracts. Existing clients include corporations across a range of verticals, like the telecom and manufacturing sectors, but the publication noted that Shell’s inves
Insights on Business
JANUARY 22, 2018
As we enter a new year, uncertainty in the risk and compliance landscape is as evident as ever. The amount of regulations and pace of change continues to be overwhelming. To proactively respond to this uncertainty, financial institutions assume that the only way for their organization’s to reduce risk and improve compliance is to spend more. Join us the afternoon of 6 February in London to listen to and meet industry experts giving their insight on how FinTech can not only shape but revolutioniz
PYMNTS
JANUARY 22, 2018
Many, but not all, cars meet Uber and Lyft’s standards. With Uber, for example, cars must have four doors and be newer than 15 years old to operate on their platform. Lyft has similar requirements, too, although cars must be no older than 12 years on its platform, unless a driver operates in certain coverage areas. But some would-be rideshare drivers, who might be driving a two-door coupe or an older used car, might not meet those requirements.
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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.
Bobsguide
JANUARY 22, 2018
Ten years after the financial crash that led to the Great Recession, experts still don’t agree on which factors were most important in causing it, and consequently what should be done to prevent a repetition. Rick A. Fleming, the investor advocate at the SEC, summarised the impact of the.
PYMNTS
JANUARY 22, 2018
Small and medium-sized business (SMB) financing company Trade Finance Solution (TFS) is expanding its offering through a new acquisition. The company announced Friday (Jan. 19) in a press release that it had reached an agreement to purchase Paragon Financial Group, an invoice financing firm. TFS aims to use the takeover to continue expansion across the U.S. and link Paragon’s existing clients to its own offerings.
Matt Wilcox Pro
JANUARY 22, 2018
TRUE STORY: A local business owner recently pulled up to an ATM only to be greeted by an out-of-order sign. Cursing his luck, he was about to speed off in search of another ATM when at the last minute a solution occurred to him. On other side of the wall holding up the ATM was a [.
PYMNTS
JANUARY 22, 2018
Walmart wants to make online food shopping easier by creating clearer images of the products consumers are looking to buy. Today, stock images are a typical sight in the eCommerce arena, which the experts agree is likely dampening the sales of online grocery orders. Consumers like convenience, but they also like to be able to interact physically with the food they desire before they actually purchase it.
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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.
Bobsguide
JANUARY 22, 2018
Lisa Shields, CEO of FI.SPAN and former founder of Hyperwallet, spoke to bobsguide about how she groups fintechs into services and the ease with which banks can access them through APIs. Think Android app store but for banks. Tell us about FI.SPAN.
PYMNTS
JANUARY 22, 2018
Dunkin’ Donuts has always been a brand about, well, donuts (or doughnuts, if one is a stickler about proper spelling). “Time to make the donuts,” was the brand’s well-known tagline for almost two decades — uttered often and forlornly by long-time company mascot Fred the Baker. It was always time to make the donuts for Fred, because a donut and a cup of coffee were what the brand was about.
Payments Source
JANUARY 22, 2018
Paytronix Systems has received a $65 million private equity investment from Great Hill Partners to power its development of payment and loyalty systems for restaurants.
PYMNTS
JANUARY 22, 2018
And now begin the lawsuits. The regulators have been looking at cryptocurrency operators – and in the United States, at least, are firing shots across the regulatory bow. In the latest sign of regulatory action in the virtual currency realm, the Commodity Futures Trading Commission has filed suits against three virtual currency operators, with allegations that the trio defrauded customers.
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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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