Bank Innovation
JANUARY 26, 2018
Shouldn’t banks be more like Apple stores? And shouldn’t fintech conferences be more like Apple stores? Bank Innovation 2018 will be. The event, taking place March 5-6 at the Parc 55 Hotel in San Francisco, will feature three financial experts at their own “bars,” ready to dispense financial advice. They may even have signature cocktails […].
Chris Skinner
JANUARY 26, 2018
A final reflection on the way of the world before getting back to FinTech and banking. Whilst on holiday, we became interested in buying a property in Dubai, and began making enquiries. It soon transpired that this would be a dream, as the average price of a villa on the … The post The wealth divide is growing and threatening appeared first on Chris Skinner's blog.
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Bank Innovation
JANUARY 26, 2018
EXCLUSIVE— When Goldman Sachs & Co. launched its Marcus digital bank in late 2016, the conventional wisdom was the investment bank wanted to expand into retail banking. But, apparently, that’s not the whole story. Marcus, it seems, is an asset pricing play, Goldman’s CEO implied yesterday. “It’s not just the way people are communicating prices, the […].
Payments Dive
JANUARY 26, 2018
Some fintech pundits believe that mobile payments players must adopt a single, universal platform as a solid push-start toward global ubiquity. On the other side are industry-watchers who believe that uniformity is the hobgoblin of stunted innovation.
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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 26, 2018
EXCLUSIVE – First SME loans, now tax preparation features, business software provider Intuit QuickBooks clearly has plans of becoming a comprehensive platform for its SME customers. Is employee payments through the Quickbooks platform going to be their next feature? “Well, from an evolution standpoint this new tax feature sets the foundation to where we can […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
JANUARY 26, 2018
Customers of JPMorgan Chase were unamused when the bank experienced a day-long digital outage, leaving many customers unable to make online transactions, use the mobile app, or conduct additional banking tasks. The bank, after noting that some “functions” of its website and app were not working on its twitter, posted a second tweet some hours […].
Payments Dive
JANUARY 26, 2018
Download this case study to see how ATM2GO is using the fully managed TNSLink for ATMs solution to handle communications from mobile and retail ATMs at diverse locations, including clubs, food outlets, festivals, sporting events and more.
PYMNTS
JANUARY 26, 2018
Sometimes eCommerce retailers need to verify a customer’s identity at checkout, but the authentication process often leads to lost sales. Methods like a one-time password sent by text message (SMS), for example, can cause many consumers to abandon their online shopping carts. Customers are more inclined to go through with a purchase when retailers use alternate authentication methods.
Payments Source
JANUARY 26, 2018
Sometimes an idea is ahead of its time. Many of the most ambitious products in payments and fintech were dismissed as absurd or over-ambitious at the time — only to feel perfectly normal years later as culture and consumer habits evolved.
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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
JANUARY 26, 2018
Contract, or 1099, workers aren’t a new workforce phenomenon by any stretch of the imagination. But in the era of on-demand services – and a seemingly ever-proliferating number of platforms that match employees to short-term labor contracts – the last decade has been the emergence of the golden era of the gig economy worker. Initially, the rise of the gig economy was adaptive: The U.S. economy was in dire shape, companies were skittish about investing in employees and the labor force rapidly fou
Bobsguide
JANUARY 26, 2018
Many financial institutions globally have started leveraging Robotics Process Automation (RPA) for their Risk and Compliance needs. According to Industry estimates, the overall spend in RPA is going to reach $1bn by 2020.They also forecast that RPA tools will evolve significantly, and include AI.
PYMNTS
JANUARY 26, 2018
Enterprise software company CapLinked is rolling out a way to secure data stored on blockchain platforms. This week, the company announced the launch of TransitNet, a blockchain framework to protect digital assets and data stored on blockchain for enterprise clients. Companies can deploy the protocol via application program interface (API), CapLinked explained in a blog post , to secure transactions and data surrounding key enterprise deals like M&A, licensing, financing and more.
Payments Source
JANUARY 26, 2018
Kelley Knutson has been promoted to senior executive vice president of Total System Services Inc. and president of Netspend, the company's prepaid debit card unit.
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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
JANUARY 26, 2018
Walmart will be laying off as many as 1,000 employees at its headquarters this year and in 2019. Bloomberg reported news that between 400 and 500 jobs were cut this week in marketing, human resources, merchandising, real estate and other departments. Those employees have 60 days to find new positions. The next round of layoffs, less than 500 positions, will happen next year, as some buildings are consolidated in anticipation of the company’s new corporate headquarters, which will be located abou
Payments Source
JANUARY 26, 2018
The rapid development of the Indian mobile wallet market demonstrates the importance of reactivity and adaptability. Huge opportunities await those who can successfully navigate the transformative impact of regulation, emerging technologies and shifting consumer expectations, writes Elina Mattila, executive director of the Mobey Forum.
PYMNTS
JANUARY 26, 2018
More than $150 million in venture capital bolstered the B2B FinTech market this week, and while investors made big steps into areas like human resources, fleet management and artificial intelligence (AI), it was an old favorite that saw the most, and largest, investment rounds: alternative lending. Once again, alternative finance, or AltFin, proves its staying power, especially across Asia.
Cisco
JANUARY 26, 2018
Cisco Live delivers education, connection and inspiration to technology enthusiasts. It’s where heroes of the digital age unite to make anything and everything possible. Hero's of the financial services industry. Heroes like you! Today’s superheroes. You’re IT.
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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
JANUARY 26, 2018
Three big Silicon Valley venture capital firms want to invest in Telegram ’s initial coin offering (ICO), The Financial Times reported. Kleiner Perkins Caufield & Byers, Benchmark and Sequoia Capital have each told the messaging startup that they want to invest $20 million, according to three individuals familiar with the deal. Sequoia and Kleiner declined to comment, and Benchmark did not respond to requests for comment from the Financial Times.
Payments Source
JANUARY 26, 2018
MoviePass has pulled its participation from 10 AMC movie theaters following disagreement over the theaters’ support of MoviePass’ $9.95 monthly movie subscription model, which uses a Mastercard to guarantee payment through its app.
PYMNTS
JANUARY 26, 2018
The taxman cometh. And the cryptos plummet. By now you know South Korea is a prime mover for cryptocurrencies — be it up or down. This past week saw a wild ride. And lest you think changes in tax policy sow confusion only in the United States, think again. Bitcoin breeched a key psychological barrier on news that the South Korean government would tax income earned by virtual currency exchanges to the tune of 24.2 percent.
Payments Source
JANUARY 26, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Ken Chenault joins Airbnb's board; Payoneer goes green; 50 Cent's a bitcoin millionaire; India draws more fintech attention.
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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
JANUARY 26, 2018
While most players in the world of digital retail have felt the sting of the “Amazon Effect,” extreme discount retailers, or “dollar stores,” have remained mostly immune to the onslaught thus far. They’re tallied a customer base nearly 100 million strong and have constructed plans for growth when other brick-and-mortar players are looking to shrink their physical footprint in favor of growing a digital presence.
Jeff For Banks
JANUARY 26, 2018
It's that time of year when every CFO is trying to "predict" what is going to happen with rates as they construct their budgets for the new year. Rather than trying to predict rate changes in the budgeting process, consider a slightly different approach that manages to the margin. In a nutshell, budget rates flat. Do allow assets and liabilities that are maturing to reprice at current offer rates, and budget growth at current offer rates too; just don't kick any rate hikes into the budget.
PYMNTS
JANUARY 26, 2018
The U.S. Securities and Exchange Commission (SEC) has reportedly opened an investigation into the accounting practices of digital industrial company General Electric (GE). Washington Post reports this week said GE revealed the SEC’s probe was linked to its disclosure of a miscalculation in its insurance unit. According to the news article, GE admitted it had underestimated the cost of insurance for individuals who live longer than expected, costing the company $15 million.
Payments Source
JANUARY 26, 2018
A crucial challenge for payment apps and cashless banking is how they adapt to provide services for the unbanked, writes Michael Kordvani, head of SEO for app development agency Fueled.
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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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