Bank Innovation
AUGUST 22, 2017
EXCLUSIVE— For machine learning and other technologies to make regtech the future, firms are going to have to ditch their focus on keywords and build solutions that focus on cognitive technologies and behavior. This is especially true when it comes to financial compliance requirements for banks, traders, or others in financial services, who need to […].
Chris Skinner
AUGUST 22, 2017
I was surprised to make a chance discovery about The Wizard of Oz. The film with Judy Garland is firmly embedded in modern culture as a classic, but did you know that it was a rally call against the financial system when the book was originally written? It as a … The post The Wicked Witch is Wall Street appeared first on Chris Skinner's blog.
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Bank Innovation
AUGUST 22, 2017
Brokerage TD Ameritrade is the latest to launch a financial services chatbot on the Facebook Messenger platform. The bot, which was announced today, follows in the lines of other financial chatbots on Messenger (including those from companies like American Express, Mastercard, and Bank of America), abliet with a twist towards investing and the consumer’s portfolio. […].
Payments Dive
AUGUST 22, 2017
As retailers and restaurants consider whether to deploy new consumer offerings such as a loyalty program, branded app or mobile payments, executives must consider whether such efforts help them acquire more customers to get them into storefronts more often while coaxing them to spend more money.
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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
AUGUST 22, 2017
Tencent is making a significant bet on artificial intelligence. In May, the company confirmed the establishment of the second of two laboratories devoted to AI research. The newer lab is located in Seattle, and the other is in Shenzhen, China. In an announcement last week, President Martin Lau explained that Tencent’s interest in AI is […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
AUGUST 22, 2017
EXCLUSIVE— Consulting and technology services provider, Synechron announced today that it teamed up with blockchain consortum R3 to create a solution using distributed ledger technology (DLT) that aims to solve challenges associated with digital identities for customers of corporate banks. The project is named LEIA 2 and includes 12 banks across four continents.
PYMNTS
AUGUST 22, 2017
Well, whatever else can be said of hackers, they never lack for creative new ways to separate people from their hard-earned money. The newest trick? Stealing consumer phone numbers and using the access that comes with that to reset the entirety of a consumer’s online life. The way the scam works is that a thief contacts a victim’s phone company and asks to transfer their old phone number to a new phone — one under the thief’s control.
Bank Innovation
AUGUST 22, 2017
The major draw of auto payment programs is their ease: they are easy to set up, easy to use, and easy to forget about completely. In fact, 35% of consumers noted that they had been enrolled in automatic payment programs (mainly for subscriptions) without even realizing it, a new study released yesterday by CreditCards found. […].
PYMNTS
AUGUST 22, 2017
In Euro news, the timetable for Brexit trade talks may be pushed back to the end of the year. The Guardian has reported the second phase of the Brexit negotiations, which were to cover both trade and the actual process of the nation’s withdrawal from the European Union, were slated to begin after October. But now, as has been privately admitted by some ministers, the timeframe may be extended.
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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
AUGUST 22, 2017
Credit Suisse has joined forces with 19 other banks to launch a commercial platform for blockchain-based syndicated loans next year, according to reports. In an interview with Euromoney, Emmanuel Aidoo, head of the distributed ledger and blockchain effort at Credit Suisse, told the magazine that Credit Suisse approached the other participants in order to discuss […].
PYMNTS
AUGUST 22, 2017
USA Technologies (USAT), which provides payment technology for cashless and mobile transactions in the self-serve retail market, has reported quarterly revenue of $34.3 million during the firm’s fourth quarter and $104.1 million for the fiscal year ending on June 30, 2017. This marks the company’s 31st straight quarter of growth, and represents a new record in USAT’s revenues. “We are executing well in an accelerating market and have exceeded our long-term goals of attai
Let's Talk Payments
AUGUST 22, 2017
After 10 years of leading a successful business with revenues of R$ 50 million, Diego Martins, CEO of Acesso, decided to reinvent his business with the aim of challenging one.
PYMNTS
AUGUST 22, 2017
New research from Xero finds the issue of late payments to small suppliers is one that spans into New Zealand, too. On Monday, (Aug. 21) reports said New Zealand SMBs are struggling with tightened cash flow as they wait for outstanding invoices to be paid, and it’s causing residual effects on small business owners. More than a third of New Zealand SMBs say they are concerned with cash flow, while a third also said they spend their evenings chasing down late bills and handling other business task
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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.
Let's Talk Payments
AUGUST 22, 2017
Artificial intelligence (AI) and machine learning (ML) are becoming an infallible part of the development of present-day technology. Yet the public discussion often centers around a notion of a ‘human-like’.
PYMNTS
AUGUST 22, 2017
Fiserv , a financial services technology solutions provider, announced the acquisition of Dovetail Group Limited to further enable it to help financial institutions around the world transform their payments infrastructure. The new capabilities would be used to meet the evolving needs of wholesale, commercial and retail customers. Bank payments and liquidity management solutions provider Dovetail offers a real-time payments platform, modular services and configurable business processing rules t
Bobsguide
AUGUST 22, 2017
Complying with regulations and gaining commercial advantage are not always easy bed fellows. So if you are an adviser or wealth manager grappling with the upcoming implementation of the EU’s second Markets in Financial Instruments Directive (MiFID II) the first response may be to think of it.
PYMNTS
AUGUST 22, 2017
Walmart is rethinking the concept of grocery delivery — with a little help from its friends at Uber. “We’re all about finding new ways for you to check ‘grocery shopping’ off your list a little faster — including making home delivery an option,” Mike Turner, Walmart’s vice president of eCommerce operations, wrote in a post on the company’s blog. “Hopefully, this expanded offering, and more like it, will speed up the shopping experience and give you back something just as precious as money — time
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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
AUGUST 22, 2017
Our roundup of the biggest people moves affecting the fintech industry throughout 2017. Monzo appoints Curve co-founder as COO. Monzo has named Tom Foster-Carter as its new Chief Operations Officer. With previous spells at child friendly banking Osper, and app banking Tandem Bank, he.
PYMNTS
AUGUST 22, 2017
As Walmart continues its eCommerce bid to go head-to-head with retailer Amazon , the company is hoping to establish new warehouses positioned in the sky with drone delivery capability. A recent U.S. patent filing reveals news that Walmart wants to build blimp-type vessels that float above Earth, which would serve as warehouse hubs for the retailer.
Payments Source
AUGUST 22, 2017
Dubbed Intelligent Receivables and created in partnership with a fintech company called HighRadius, the service seeks to help companies match incoming payments with invoices.
PYMNTS
AUGUST 22, 2017
While America was busy watching the solar eclipse (hopefully with the appropriate protective eyewear), Google rolled out its new Android OS and created the world’s first crowdsourced “Eclipse Megamovie” using footage from across the U.S. Google and its parent company Alphabet are also ramping up their altruistic activities worldwide, with new investments in African tech, skills, and startups; new languages supported by its speech-to-text technology; and a collaboration with ProPublica on a natio
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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.
Payments Source
AUGUST 22, 2017
Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Walmart's Uber collaboration expands; P-to-P drives digital adoption; Ebix makes acquisitions in India; QR codes push financial inclusion in Africa.
PYMNTS
AUGUST 22, 2017
Small businesses everywhere struggle to adopt technology due to lack of time, resources and sometimes education about the latest tools that could help their companies succeed. A new report released this week from 9 Spokes, though, is describing the current situation as “ironic,” as U.K. small businesses increasingly understand how cloud technology, in particular, can boost their businesses, but with many declaring they are too busy to implement those tools.
CB Insights
AUGUST 22, 2017
While Q2’17 was a wild quarter for blockchain companies and investors, this quarter is looking like it might get even wilder. Want the full expert post? Become a CB Insights customer. If you’re already a customer, login here.
PYMNTS
AUGUST 22, 2017
With car sales in the U.S. increasing for seven straight years, it is having a negative impact on used car values. According to a report in Bloomberg , citing data from Black Book, the auto analytics company, the average used car saw 17 percent of the value of the vehicle decline during the last 12 months. The value has dropped from $18,400 to $15,300.
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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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