Bank Innovation
AUGUST 24, 2017
Insurance startup Trov, might be giving customers a better option than a typical product warranty when they make a big purchase. Trov CEO Scott Walchek told Bank Innovation that the company is looking at partnerships with major online retailers as it prepares for its big U.S. launch in the last quarter of the year. “In […].
Chris Skinner
AUGUST 24, 2017
For the second time in the last decade, I have been invited as a Contributing Subject Matter Expert to join in research by the World Economic Forum about how technology is changing banking. These are heavyweight projects involving years of research and hundreds of people. Therefore, I take the content … The post FinTech hasn’t changed much … yet appeared first on Chris Skinner's blog.
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Bank Innovation
AUGUST 24, 2017
Estonia, a small Northern European country bordering the Baltic sea and Gulf of Finland, wants its own official digital cryptocurrency. According to reports, officials at Estonia are looking to launch a government backed digital currency called “Estcoin” with the help of Ethereum founder Vitalik Buterin through an initial coin offering. Kaspar Korjus, Managing Director at […].
Payments Dive
AUGUST 24, 2017
That question was the focus of a breakout session Tuesday at the fourth annual CONNECT Mobile CX Summit in Philadelphia. The answer is complicated, which is usually the case with emerging technology options.
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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 24, 2017
USAmeriBank is now live on financial service firm Finastra’s payment hub, which will enable the regional bank to implement new payment services and rails. This is the culmination of payment plans the bank, an offshoot of USAmeriBancorp Inc. that operates within Florida and Alabama, announced in April, and should allow for a greater capacity for […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
AUGUST 24, 2017
P2P remains on the rise, and PayPal’s app Venmo remains the service to beat despite the rise of other real-time transfer services. In fact, a growing number of Venmo users might be ready to ditch a bank’s involvement entirely. About 50% of Venmo users don’t bother to transfer the money they receive in the app […].
PYMNTS
AUGUST 24, 2017
Reaching the peak interest among those in a particular industry just before it goes mainstream is something that’s happened on more than one occasion. Ranging from the housing bubble in the late 2000s to the dot-com bubble of the mid-’90s and the tech bubble of today, there have been myriad instances throughout history where being on the cusp of something new has greatly inflated the intrinsic value of the commodity itself.
Bank Innovation
AUGUST 24, 2017
EXCLUSIVE—Moving money in and out of China can be a struggle even for Chinese companies, as the country’s financial regulations continue to take a closer look at money movement. For companies based outside of China, the secret to successful market entry is transparency. “Within China, it’s a highly regulated, highly complex system surrounding payments,” Dana […].
PYMNTS
AUGUST 24, 2017
As early mobile order-add adopting restaurants are reaping the benefits of the technology, other merchants are looking to add their own mobile services. But now, it isn’t just restaurants that are exploring the tech – retailers and even hoteliers are getting in on the mobile ordering trend as well. . The latest PYMNTS Mobile Order-Ahead Tracker™ features news on how merchants in a range of industries are embracing mobile order-ahead solutions in order to entice new customers and offer improved
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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 24, 2017
TD Auto Finance is keeping a close eye on fintech startups as it evaluates “opportunities that might exist” for auto refinance and private-party transactions, President and Chief Executive Andrew Stuart told Auto Finance News. TD Auto is already “in discussions” with several fintech players to evaluate “where that might go,” Stuart said.
PYMNTS
AUGUST 24, 2017
There’s much to look forward to as the September rollout of Phase 2 of Same Day ACH (Debit Pull) looms, but David Barnhardt, executive vice president of full-service payment and verification solutions provider GIACT , thinks there’s just as much reason for caution. “I don’t know if we’ll see rapid adoption [of debit pull] out of the gate,” Barnhardt said.
Bank Innovation
AUGUST 24, 2017
AutoFi raised $10 million in Series A funding, which it plans to use to “accelerate” the growth of its lender, manufacturer, and dealer partners, the fintech company announced today.
PYMNTS
AUGUST 24, 2017
On Wednesday (Aug. 23), ridesharing platform Uber announced the relaunch of Visa Local Offers, a rewards program giving Uber riders around the country the ability to earn Uber credits by using the Visa card attached to their Uber accounts when spending at restaurants, shops and local businesses. In a news post announcing the reintroduction of the rewards service, Uber said Visa Local Offers is available from the Uber app, where riders can explore thousands of offers from featured merchants.
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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.
Bobsguide
AUGUST 24, 2017
It’s now less than six months until the Payment Services Directive 2 will come into effect. With national legislation in each of the 28 countries currently in the European Union due by January 13, many banks and financial institutions are currently preparing how to be compliant. For teams.
PYMNTS
AUGUST 24, 2017
Apple is still trying to change the world, but some of its plans simply weren’t meant to be (read: Apple driverless, gas-pedal-less, steering-wheel-less cars). Others, such as the rumored replacement of TouchID with facial biometric authentication, may come to fruition soon – possibly as soon as Sept. 12, if the company’s upcoming press event is what we think it is.
Payments Source
AUGUST 24, 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: Australia's agenda for payments; developers flock to blockchain; fraud spikes in the U.K.; and more.
PYMNTS
AUGUST 24, 2017
Gone are the days where most people kept a few dollars in their wallets. Today’s consumers are turning to card and contactless payments. FitPay is working to enable and secure contactless payments made on any connected device. Earlier this year, FitPay joined forces with security technology company NXT-ID in an effort to build out a more comprehensive Internet of Things (IoT) platform.
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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.
Let's Talk Payments
AUGUST 24, 2017
“Brazil’s FinTechs are likely not only to solve local problems but also to tackle the challenges of the global market,” says André Victor Barrence, the Head of Campus São Paulo,
PYMNTS
AUGUST 24, 2017
Like Web 2.0, Mobile 2.0, and Vegetables 2.0 (And, yes, that’s a thing. Have you ever had fried brussels sprouts?), 3D-Secure 2.0 is also taking something in need of an upgrade and making it better. In this case, though, that upgrade comes to a security protocol designed to strengthen security around online credit card transactions, but which has seen little change since its inception 17 years ago.
Let's Talk Payments
AUGUST 24, 2017
The insurance industry is a conservative one. Conservative being code for “outdated” and not serving the agents and brokers at all. Most agencies are built on paper-and-ink processes or siloed.
PYMNTS
AUGUST 24, 2017
It can be argued that “Shoot me an email with the details” has become an all-too-common phrase among not just friends and family members but colleagues in the workplace and enterprises around the world. In the hectic lives people lead today, some businesses may focus mostly on securing the typical high-level document access points. But the oldest trick in the hacker playbook may be off executives” radar: email.
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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 24, 2017
The advancement that we are seeing in terms of API Banking in the payments domain makes it evident that the overall banking system is moving towards an open banking framework, writes Satya Swarup Das, a senior architect for the global banking practice at Virtusa.
PYMNTS
AUGUST 24, 2017
As the planned debut of the upcoming Apple iOS smartphone iPhone 8 grows closer, sources are beginning to whisper about when the new smartphone will be introduced — and what other news announcements Apple may have up its sleeve. The latest reports suggest the company is planning to stage its launch event on Sept. 12, with blogger Mac4Ever noting the date was revealed by carriers which have been asked to ensure their inventories and marketing systems are prepared for the new product rollout by t
BankNXT
AUGUST 24, 2017
Roger Peverelli and Reggy de Feniks provide three guiding principles to turn digital transformation into customer engagement innovation. Turning digital transformation into customer engagement innovation on BankNXT.
PYMNTS
AUGUST 24, 2017
Six months into her tenure, U.S. Small Business Administration (SBA) head Linda McMahon is speaking up about the state of small and mid-sized businesses (SMBs) in the country. In an interview with The Associated Press , McMahon pointed to a divide in the SMB community: feelings of both optimism and frustration over lack of access to finance. “Entrepreneurs are willing again to be bigger risk-takers than they have been over the past eight years,” McMahon told the publication.
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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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