Chris Skinner
AUGUST 4, 2017
Some people talk about FinTech disruption and how payments and banking is being attacked and unbundled by start-ups, but we often look at banking too simplistically. Global banks and investment banks are far more complex creatures than their high street counterparts, which is why we’ve seen far less disruption in … The post FinTech and the world of investment banking appeared first on Chris Skinner's blog.
Bank Innovation
AUGUST 4, 2017
Banks are paying attention to digital tokens along with the rest of the financial world, but some tokens might be more important to banks than others. But coins and forks rule the news these days. With the recent arrival of new cryptocurrency Bitcoin Cash, which has split off from the bitcoin blockchain and is currently […].
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Payments Dive
AUGUST 4, 2017
Mobile remote deposit capture is not the trendy feature it once was for banks. It's expected. Today, consumers desire a way for banks to help them make the best decisions with their money.
Bank Innovation
AUGUST 4, 2017
Killing Venmo is going to be hard for Zelle when most Venmo users have never even heard of the new P2P service. More than 93% of Venmo users reported that they had never heard of Zelle, according to a study commissioned by LendEDU conducted in July 2017. Additionally, over half of the respondents surveyed — […].
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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
Abrigo
AUGUST 4, 2017
What do we do with all of these spreadsheets? The above question is being asked by financial managers at banks and credit unions as the implementation of the FASB’s current expected credit loss model ( CECL ) approaches. So, where did the use of all of these spreadsheets (and the dependence on them) come from? Over the past 40 years, computation tools used by professionals in financial institutions have evolved from pencils, erasers and 20lb electrical calculators to robust, web-based software m
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Let's Talk Payments
AUGUST 4, 2017
With close to 400 FinTech and InsurTech startups in Singapore, the country has become a brew pot for innovation. Spearheading this wave of innovation are some very inspirational women. In.
PYMNTS
AUGUST 4, 2017
When Visa announced its Cashless Challenge a few weeks ago, it obviously hoped to make some news. After all, directly incentivizing 50 food-focused small- and medium-sized businesses (SMBs) to opt out of accepting cash entirely — with $10,000 to help pay for technology upgrades — is definitely a newsworthy way of waging the war on cash. So, although the big interest in the program was not entirely surprising to Visa’s global head of product, Jack Forestell, the depth of that sector’s interest in
NCR
AUGUST 4, 2017
How banks are managing their branch network – particularly when closures are involved – is the subject of much debate at the moment. Closures often prove controversial and there is an inevitable impact on customer satisfaction, but rather than heralding the death of the branch, should we be focusing on how and why the branch concept needs to change?
PYMNTS
AUGUST 4, 2017
Payworks, a provider of point-of-sale (POS) payment infrastructure, announced news on Thursday (Aug. 3) that its payment gateway technology will be supporting the integration of Alipay, the mobile payment provider operated by Ant Financial Services Group, for mobile payment providers and Chinese consumers across the EU. In a press release, Payworks said to increase the speed of market penetration in Europe, Alipay partnered with Payworks for technology support.
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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
BankNXT
AUGUST 4, 2017
The US dollar could well be described as the world's currency, with roughly two thirds of all $100 bills held outside the US. Story by Chris Skinner. The US dollar is no longer American on BankNXT.
PYMNTS
AUGUST 4, 2017
With mPOS technology, consumers around the world can pay for purchases with a tap on their phones, and businesses can accept payments from practically any payee in any country through a mobile device. In the August edition of the mPOS Tracker™ , PYMNTS explores how mobile devices are making an international impact. The Tracker also looks at how mobile just leveled the playing field for golf fans, metaphorically, by facilitating concessions delivery service at the recent British Open Championshi
BankNXT
AUGUST 4, 2017
When it comes to digital transformation, there's a fair bit of bandwagon-jumping going on, says Nick Cheetham. How should they really tackle transformation? Digital transformation? It’s just like riding a bike on BankNXT.
PYMNTS
AUGUST 4, 2017
Procure-to-pay company Zycus is stepping into the middle market. The company announced Thursday it is launching a source-to-pay program for mid-market companies and small, high-growth firms looking to improve their procurement functions. The program is called Zycus Genesys. The launch of Zycus Genesys signals the company’s expansion into the mid-market as it looks to automate procurement operations for its business customers.
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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.
Payments Source
AUGUST 4, 2017
From gold plating to silicon guts, the plastic card is not what it used to be. Here are some of the most ambitious attempts to make credit and debit cards relevant in a high-tech world.
PYMNTS
AUGUST 4, 2017
For eCommerce businesses, income and expenses are closely linked. After all, you have to spend money to make money, and for sellers, the costs of logistics and shipping are a necessary expense in order to make a profit when sending their goods out. But for many of these businesses, which are often SMBs or operate as seasonal companies, working capital is tight and uneven, says Pitney Bowes VP Global Financial Services Chris Johnson.
Bobsguide
AUGUST 4, 2017
Everything you want to know about blockchain but were too afraid to ask. Alara Basul, Reporter, bobsguide. Blockchain has created a huge amount of buzz in the financial services industry since its official debut into the market in 2009. The question of when blockchain will go mainstream is.
PYMNTS
AUGUST 4, 2017
Are community banks missing the chance to climb aboard the faster payments train? In late July, the Federal Reserve Faster Payments Task Force released its much-anticipated report on how to strengthen and operate the U.S. faster payments system. The report included several recommendations for banks, FinTechs and other financial services players — guidelines to establish an industry-driven framework for governing the system and encourage further research and investment in emerging financial techn
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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 4, 2017
In less than six months’ time, asset managers will be unable to receive investment research unless a commercial agreement is in place. MiFID II clearly stipulates investment research will need to be explicitly priced and cannot be linked to the volume or value of transactions executed by the.
PYMNTS
AUGUST 4, 2017
In wearable technology news, Beijing-based electronics company Xiaomi is now the top wearable. The Chinese tech giant finished off the second quarter of 2017 with the highest market share of any individual wearables brand. According to Digital Trends , Xiaomi reportedly shipped 3.7 million wearables in the second quarter, beating out both Fitbit at 3.4 million and Apple at 2.8 million.
Payments Source
AUGUST 4, 2017
A "smart" token is a regular token on steroids, transmitting the information needed to authorize the transaction together, including enhanced counterpart identity, transaction and invoicing data, writes Marten Nelson, vice president and co-founder of Token.
PYMNTS
AUGUST 4, 2017
Timberland, the shoemaker, has rolled out a concept store that will be completely overhauled and stocked with new products every six weeks to help enhance its customer service and the retail experience. According to a report announcing the news, the new brick-and-mortar format will be located in a mall in Pennsylvania and will be called Timberland Tree Lab.
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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.
ATM Marketplace
AUGUST 4, 2017
Expanding the options for customers to communicate and transact with us outside the branch doesn't necessarily translate to the end of the bank branch as we know it. In fact, our experience has been quite the contrary.
PYMNTS
AUGUST 4, 2017
Cyberattacks, ransomware attacks and more have taken businesses and people’s personal information and turned it upside-down over the past few decades. While a great source for information sharing, the online world has also opened millions to the possibility of one day having private information or their identities stolen. What was once safely tucked away in the filing cabinets of doctor’s offices, bank vaults and personal diaries is now open for potential dispersal to the world.
Let's Talk Payments
AUGUST 4, 2017
MEDICI now! Startup Stories highlights the companies that are shaping the new financial technology industry. Keep an eye out each week for new stories! If you or someone you know.
PYMNTS
AUGUST 4, 2017
Alternative lending was the golden child among investors around 2015, but lately, the industry seems to have fallen out of favor thanks to regulatory uncertainty and questions over the viability of some business models. This week alone saw two examples of those concerns in action: One U.S. lawmaker, Rep. Emanuel Cleaver II (D-Mo.) sent a letter to five alternative small business lenders operating in the country, inquiring about their business practices.
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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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