Bank Innovation
APRIL 2, 2018
Boston-based startup Nift has raised $16.5 million in a Series A to fund its platform for “business gift cards,” a way for local businesses to drive customer engagement by providing gift cards to their consumers. The company, which announced its funding round last week, allows its business clients to provide their customers with a “special” […].
Chris Skinner
APRIL 2, 2018
Things we’re reading today include … Five Key Players at the Heart of Deutsche Bank’s Drama Japan’s Central Bank Wants You to Be Wary of Cryptocurrencies Bank wins ruling against ‘cybersquatter’ who demanded £100,000 for domain name Indian banks reported at least one fraud every hour in 2017 UBS nominates … The post Things worth reading: 3rd April 2018 appeared first on Chris Skinner's blog.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Bank Innovation
APRIL 2, 2018
Google is looking to expand Tez, the mobile payment platform it launched in India last year, to other markets in Asia this year, the Internet company said. The company will expand its platform to one of a “shortlist” of three unnamed markets in Asia as well as one additional market country, Diana Layfield, head of […].
PYMNTS
APRIL 2, 2018
Consumers demand easy, digital banking, but this pressure for banks to deliver is also coming from corporate clients. Take mobile banking, which has propelled the introduction of mobile-only banks to meet demand for better services on smaller screens. It’s not only for consumers, though: Alternative lending firm Kabbage recently found that mobile lending is on the rise among small businesses, with a more than 360 percent increase in the number of SMB loans accessed via mobile device betwee
Advertisement
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
APRIL 2, 2018
Taxes on cryptocurrency? That’s what regulators in Thailand are planning to institute. According to a report by Nikkei Asian Review, after a cabinet meeting suggested that crypto traders could be charged with as much as 7% value added tax as well as up to 15% tax on capital gains. Taxing cryptocurrency is a way for […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
APRIL 2, 2018
While mobile banking has become mainstream, the same cannot be said for banking via tablet: in fact, the amount of users that conduct their banking on a tablet is “almost nonexistent.” This is according to the March 2018 Monkey Insights report released by Malauzai Software, which found that 1.7% of active digital users — from […].
PYMNTS
APRIL 2, 2018
The Securities and Exchange Commission (SEC) announced news on Monday (April 2) that it charged Michael Liberty, the founder of Mozido , the FinTech startup, with scamming investors out of their money. According to a press release issued by the SEC, the regulator contends Liberty engaged in a scam to trick hundreds of investors into funding his shell companies instead of Mozido.
Bank Innovation
APRIL 2, 2018
EXCLUSIVE- Cryptocurrency is not having a great year. And while many institutions (including big banks) have distanced themselves from the phenomenon, roboadvisors in the country remain divided in their opinion on cryptocurrency as an investment. Take New York-based financial adviser Betterment, for instance. The company’s CEO Jon Stein told Bank Innovation that while he is […].
PYMNTS
APRIL 2, 2018
“Does your business want to improve its spend management?”. Few CFOs would say “no” if asked that question: Spend management is attractive to companies for obvious reasons, as even successful companies face margin pressures. Yet there can also be some trepidation about the effort it will take to reimagine how spending is handled within the organization versus the benefits it will deliver.
Advertisement
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
APRIL 2, 2018
EXCLUSIVE—Cincinnati-based bank First Financial has officially merged with Mainsource Financial Group, a deal that will grow the bank’s asset size to approximately $14 billion, the bank announced today. Terms of the transaction were not disclosed. The merger will give First Financial an addition 150 bank centers to add to its network; MSFG, which is based […].
PYMNTS
APRIL 2, 2018
As Toys R Us winds down its operations, it is no longer accepting eCommerce orders through its website. Instead, the retailer is directing customers to liquidation sales at its brick-and-mortar stores for both its namesake and Babies R Us brands, industry news source Chain St ore Age reported. “Thanks for visiting,” reads a pop-up on the retailer’s website.
Bobsguide
APRIL 2, 2018
In which department does GDPR sit? How will GDPR affect me? What happens if I’m breached? What are the fines? No, really, what are the fines? Thus reads the internet history of any number of data protection officers in the financial industry. May 25th, implementation day, is 56 days away.
PYMNTS
APRIL 2, 2018
U.K. small businesses continue to struggle with access to bank funding, according to reports in Financial Times on Friday (March 30). Small business group SME Alliance spoke to the House of Commons select committee to discuss small firms’ ongoing challenges in seeking bank loans. Traditional banks remain reluctant to lend to small firms, the group said, using their size to gain a legal advantage over SMBs that file complaints with FIs.
Advertisement
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.
Cisco
APRIL 2, 2018
Cisco joined a coalition of organizations conducting global research to provide the financial services industry with an assessment of the impact of digital adoption on corporate performance.
PYMNTS
APRIL 2, 2018
Drivers can borrow cars for a few hours at a time — or a day — through services like Zipcar. But car shares don’t solve all transportation challenges: Cars are limited to busy roads, after all. If someone wanted to make a two-mile journey in San Antonio, Texas, to see the Final Four at The Alamodome, for example, the trip would be “an exercise in 25 to 35 minutes by car,” Blue Duck Scooters Co-Founder Eric Bell told PYMNTS in an interview.
Payments Source
APRIL 2, 2018
Elizabeth Rossiello heard that cryptocurrencies would be the next big thing so she founded BitPesa. And while she benefited from the initial craze around bitcoin and blockchain, her company also shares bitcoin's reputational wounds.
PYMNTS
APRIL 2, 2018
Equifax , the credit reporting company still suffering the aftermath of a massive data breach last fall, has confirmed it sent out notification letters to victims that are erroneous. CNBC, citing Equifax, said a “small percentage” of letters went out with incorrect personal information. Over the weekend, one person received a letter from Equifax which had the correct address but incorrect name.
Advertisement
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.
Payments Source
APRIL 2, 2018
Until the technologies provide significant savings, cryptotokens threaten financial stability, and the risks of open access to central bank balance sheets are worked out, retail CBDCs are a long way off, writes Collin Canright, a fintech consultant.
PYMNTS
APRIL 2, 2018
FirstCaribbean International Bank is planning to raise $100 million through its initial public offering (IPO) in the U.S., reports in Seeking Alpha said late last week. The financial institution currently targets the Caribbean with its banking services and, according to analysts, its financials remain strong despite natural disasters in the region. The bank offers corporate banking, retail banking, treasury management, capital markets, credit cards and wealth management services in a range of co
Payments Source
APRIL 2, 2018
Slowly and silently, 10,000 free-to-use ATMs are set to disappear from Britain’s high streets over the next four years — despite recent findings that at least 3 million people across the U.K. rely on cash for almost all of their day-to-day payments.
PYMNTS
APRIL 2, 2018
Telegram, the Dubai-based messaging app company, has added $850 million to the amount it has raised via an initial coin offering, bringing the total from the ICO to a record-setting $1.7 billion. According to a report in Cheddar , it is shaping up to be the largest ICO ever. Citing Securities and Exchange Commission documents, Cheddar reported it raised the $850 million in February, in what was its second round of fundraising.
Advertisement
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.
Payments Source
APRIL 2, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: Alibaba pays billions to acquire mobile delivery startup; Waves builds a cryptopay gateway; FINRA warns on screen scraping; Phishing attackers get arrested; Payment fraudsters hit Italian football club.
PYMNTS
APRIL 2, 2018
Cryptocurrencies continued to dip on the heels of various regulatory actions focused on trading activities and exchanges. Same alarms, different week. On the global stage, bitcoin fell below $7,000 to just above $6,800, and Ripple slipped to its lowest price since the end of 2017. One catalyst: Reuters reported that China’s central bank is eyeing a “crackdown” on virtual currencies.
Payments Source
APRIL 2, 2018
Alibaba Group Holding Ltd. is buying full control of the startup Ele.me as it steps up efforts to expand in China’s fast-growing market for local delivery of food and other services.
PYMNTS
APRIL 2, 2018
New data shows that online alcohol-delivery revenue grew almost 33 percent last year, increasing at an average rate of 3 percent month over month. According to Slice Intelligence , the growth of alcohol-delivery service Drizly helped give the market a boost, with revenue that grew by a whopping 62 percent in 2017. Drizly is an eCommerce marketplace for consumers who want alcohol delivered to them the same day, connecting them with local retailers who are part of Drizly’s marketplace, available
Advertisement
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.
Expert insights. Personalized for you.
249 
Let's personalize your content