Chris Skinner
JUNE 27, 2019
I was having an interesting conversation with a guy who had joined a big bank having previously worked in Big Tech. The guy was headhunted by the bank to be a gamechanger (GC), and had been gifted the ability to do almost whatever he wanted when it came to innovation, … The post When code is art, how do you attract great artists? appeared first on Chris Skinner's blog.
Payments Dive
JUNE 27, 2019
Are cashierless stores the future of retail? Exactly how pervasive the concept will become remains uncertain, as demonstrated during a recent panel discussion at the Interactive Customer Experience Summit in Dallas.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Chris Skinner
JUNE 27, 2019
Things we’re reading today include … Credit Suisse is the sole bank tripped up by Fed stress test The best challenger bank accounts for business Shakespeare has a warning for bank regulators: be fearful Dutch bank and researchers begin defence against quantum computing’s dark side A Bank Built in 1.5 … The post Things worth reading: 28th June 2019 appeared first on Chris Skinner's blog.
Bank Innovation
JUNE 27, 2019
BankMobile is deepening its relationship with customers by adding student loan refinancing to its portfolio of banking and credit products. The bank's president and co-founder Luvleen Sidhu, who touts the importance of long-term relationships with clients, told Bank Innovation she's targeting student loan debt to help customers deal with a systemic, longstanding financial problem.
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
PYMNTS
JUNE 27, 2019
Amsterdam-based startup Creative Group announced it has raised €22 million in funding from Prime Ventures. The funding will be used to help the company expand to 30 countries by the end of next year. Founded in 2010, Creative Group enables customers to digitally buy or send prepaid credit to spend with their favorite brands, as well as to send cross-border credit remittances.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
JUNE 27, 2019
The digital payments news out of Brazil has been fast and furious over the last few weeks – particularly when it comes to blockchain. And while the continual drumbeat of announcements from various players looking to find new and inventive ways to apply distributed ledger technology to various parts of Brazil’s financial services industry has something of a tendency to stand out, digital payments and banking news in general has been coming quick and constant.
Bank Innovation
JUNE 27, 2019
Credit card distribution startup Extend sees a $400 billion market opportunity in eliminating out-of-pocket spending for business expenses through the instant issuance of virtual company credit cards. Andrew Jamison, CEO and co-founder of Extend, said this opportunity will only grow as small businesses through large corporates increasingly turn to gig economy workers to meet their […].
PYMNTS
JUNE 27, 2019
When small business (SMB) investment marketplace MainVest announced a $3 million Seed funding round last week, it did something that many Main Street SMBs cannot do. Companies are staying private longer, lengthening initial public offering (IPO) cycles and lowering benefits for the average investor, MainVest Co-founder Nick Mathews told PYMNTS in a recent interview.
Bank Innovation
JUNE 27, 2019
On Tuesday, Beth Knickerbocker, the chief innovation officer for the Office of the Comptroller of the Currency (OCC), delivered testimony to the House of Representatives' Task Force on Financial Technology. In her report, she discussed innovation framework, partnerships, fintech bank charters and the upcoming launch of an Innovation Pilot Program. The Innovation Pilot Program would […].
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
PYMNTS
JUNE 27, 2019
Digital fraud prevention company Kount has launched a new artificial intelligence (AI)-driven solution to enhance payments fraud prevention. The company said this latest solution creates the closest simulation of the decision process of an experienced fraud analyst, but in a faster, more accurate and more scalable manner. Kount’s AI uses both supervised and unsupervised machine learning, along with additional calculations to deliver a near-human decisions so that companies can control revenue, f
Payments Source
JUNE 27, 2019
The millions of people displaced by war, famine and other hardships face distinct challenges and dangers when accessing and using money, and these pain points are being addressed by a blockchain-powered payment app that is part of Western Union's developers' program.
PYMNTS
JUNE 27, 2019
The European Union will be taking a closer look at proposals to restrict or ban some uses of automated surveillance tools, including facial-recognition software. The news comes after an independent panel of industry and academic experts warned against the use of artificial intelligence (AI) tools with surveillance systems, adding that lawmakers need to define “red lines” around certain uses.
Banking Exchange
JUNE 27, 2019
Customers are comparing their bank’s digital experience to that of retailers Retail Banking Technology Big Data Financial Research Feature Feature3 Fintech.
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.
PYMNTS
JUNE 27, 2019
Small- and medium-sized businesses are getting more attention from digital players, and the latest example of that comes from Google. On Thursday (June 27), International Small Business Day, Google launched Google for Small Business. Google described it as “a new Grow with Google initiative to help you find the right Google tools and services to reach your business goals.
Payments Source
JUNE 27, 2019
Visa’s chief economist recently warned that fintechs are disintermediating banks’ credit card businesses with instant access to installment loans. Now Visa is looking to disrupt the fintechs by giving issuers a way to do the same.
PYMNTS
JUNE 27, 2019
Hope springs eternal. That sense of hope is a big part of childhood, and it applies as well to retail aimed as children, as least going by current developments involving Toys R Us. That news is another recent development in the world of children’s retail, where innovation continues. In case you didn’t hear the latest news, here it is: Ahead of this year’s holiday season, defunct toy chain Toys R Us could be making a comeback.
Payments Source
JUNE 27, 2019
H&M will enable Klarna as a payment option in its 580 U.S. stores beginning this fall, building on a partnership the two Swedish companies established last year.
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.
PYMNTS
JUNE 27, 2019
Tesco is teaming up with an Israeli startup to become the next food retailer to go cashierless. Anonymous sources have revealed to Bloomberg that Tesco, the U.K.’s largest grocery chain, has partnered with Trigo Vision , the creator of a system of cameras and software, enabling retailers to automatically charge customers. The company recently said that checkout-free stores are “one thing we’re testing, but it’s not something we’re ready to roll out yet,” a spokeswoman said.
Payments Source
JUNE 27, 2019
The information you need to start your day, from PaymentsSource and around the Web. Today: Shell speeds up EMV; Apple Pay adds markets and Shopify integration; Technology companies chase B2B automation and biometric cards.
PYMNTS
JUNE 27, 2019
Payment Software-as-a-Service firm CardFlight is introducing Level 2 card processing data into its software SwipeSimple, aimed at lowering transactions fees for B2B vendors. In a press release on Wednesday (June 26), CardFlight said sellers will have the capability to collect Level 2 data when accepting commercial cards. Companies can gather the data through the SwipeSimple Merchant Web Dashboard, enabling them to meet the standards of Level 2 data and lower interchange fees, while addressing se
Payments Source
JUNE 27, 2019
A court decision brings much needed clarity to the complex world of money transmitter licensing by holding that the transmission of information alone is not engaging in the business of money transmission under Pennsylvania law, writes Anita Boomstein, a partner with Manatt, Phelps & Phillips, LLP.
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.
PYMNTS
JUNE 27, 2019
Mobile ordering is more popular than ever. The volume of food and beverage orders placed via mobile apps grew by 130 percent between 2016 and 2018, while 60 percent of U.S. consumers currently order delivery or takeout once a week. Due to this explosive growth, industry experts have predicted that the mobile order-ahead market will reach $38 billion by next year.
Payments Source
JUNE 27, 2019
PayPal is working with Visa to enable consumers and small businesses in Canada to move funds instantly from PayPal to their bank accounts using Visa’s debit push payments service.
PYMNTS
JUNE 27, 2019
Facebook’s announcement that it was launching its own cryptocurrency, called Libra , has caused a resurgence of interest in crypto — and bitcoin, the most famous digital coin, surged to an 18-month high on Wednesday (June 26), according to a report by Reuters. Bitcoin has been on a steady rising run, and it hit $13,666.02 on the Bitstamp exchange, which is the highest it’s been since January of last year.
Payments Source
JUNE 27, 2019
As blockchain use cases grow, retailers are seeing more reasons to use the distributed ledger technology for payments.
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.
328 
Let's personalize your content