Chris Skinner

JANUARY 22, 2020

I’ve just been reading Jim Marous’s Digital Banking Report which ties in nicely with my new book Doing Digital, as the themes are similar. In Jim’s 70+ page report, Jim concludes that: “While there is an almost universal awareness of what needs to be done to digitally transform financial institutions, the … The post Survey: Banks just aren’t ready for digital appeared first on Chris Skinner's blog.

Survey 472

Survey Digital Banking Report 472

Bank Innovation

JANUARY 22, 2020

The race to create a challenger bank just got more competitive with a ready-made solution from core provider Temenos that can help brands stand up a digital bank in as few as 90 days. The Switzerland-based banking technology provider launched its digital banking software-as-a-service solution in the U.S. this week. The toolkit will allow clients […].

Digital Banking 370

Digital Banking US Software Branding 370

Accenture

JANUARY 22, 2020

Guest bloggers Philip Cooney and Gaurav Bansal explore the pain points around PSD2 and how banks are trying to reduce friction for their customers. A few weeks ago, I (Phil) submitted my weekly grocery order and set off to meet a friend for dinner. I expected to hear no more about it until my order…. The post Learning to live with PSD2: reducing customer journey friction appeared first on Accenture Banking Blog.

Meeting 197

Meeting Security Payments 197

Bank Innovation

JANUARY 22, 2020

Japan’s effort to nudge its more than 100 struggling regional lenders into the digital age is floundering. More than a year after rules to spur open banking were issued, small lenders are stuck in a back-and-forth with startups over fees for access to client account data, according to a Financial Services Agency official. Fintechs that […].

Fintech 300

Fintech Regional Data 300

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

US

PYMNTS

JANUARY 22, 2020

FinTech solution company Entersekt has upgraded its authentication technology in the DACH region of Europe, according to a release. The company recently announced that the software company Netcetera implemented the authentication system for Bank-Verlag, a company that makes and provides secure services for Germany’s banks. Two major Austrian card issuers are also using the technology.

Security 214

Security Payments Cards Fraud 214

PYMNTS

JANUARY 22, 2020

Gig workers will make up a full half of the American workforce by 2028, responsible for creating online content, designing webpages and conducting local food or historical tours, as well as ferrying passengers for rideshares or renting out their homes on homesharing platforms. This growing segment of workers took home $1.4 trillion in earnings in 2018, but many of these payments were sent out via frustratingly complex and slow payment methods.

Payments 195

Payments Millennials Innovation Trends 195

Bank Innovation

JANUARY 22, 2020

Toyota Finance New Zealand (TFNZ) has partnered with Ephesoft, an AI-powered data capturing platform, to help streamline and automate its loan-application processes, Ephesoft’s Founder and Chief Executive Ike Kavas told Auto Finance News. Ephesoft’s platform essentially “reads” PDF documents, pulls out necessary information and verifies it against existing databases, Kavas said.

Fintech 259

Fintech Data Company Lending 259

PYMNTS

JANUARY 22, 2020

Amazon Music has been steadily gaining in popularity despite only being around since 2016, a full two years after Apple debuted its own music service. The streaming service has passed the 55 million subscriber mark, making it a serious threat to Apple’s service, according to a report by the Financial Times. Amazon Music has been offering six price tiers, ranging from a free service to a premium, but Amazon said that “nearly all” of its users are paid subscribers.

Apple 168

Apple Marketing Management Company 168

Bank Innovation

JANUARY 22, 2020

Personal finance app Digit is growing its bill payment automation capabilities with a new feature that pays users’ phone bills. The platform already allows for scheduled payments for credit cards and student loans. “Bills are an incredible pain point and stressor; we saw as this is a key [problem] that Digit is hoping to solve,” […].

Cards 221

Cards Payments 221

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

Lending

PYMNTS

JANUARY 22, 2020

Square , the payments provider operated by Twitter CEO Jack Dorsey, won a patent to debut new tech, allowing users with different assets to transfer payments, including crypto-to-fiat transactions. The patent application states that the technology will enable a person to pay in any currency, and allow the recipient to receive that payment in whatever currency they choose, with the network itself automatically changing the first payment into the desired currency.

System 162

System Payments Bitcoin cryptocurrency 162

Jack Henry

JANUARY 22, 2020

Person-to-person (P2P) payments has been a hot topic in the financial services space. Zelle can already reach more than 50% of all direct deposit accounts (DDAs) in the U.S., and Zelle’s partnership with Mastercard and Visa will soon allow it to reach approximately 97% of all DDAs. 1 As P2P has grown , more alternative players have gotten into the mix.

Google 109

Google Innovation Payments Mobile 109

PYMNTS

JANUARY 22, 2020

PayPal and UnionPay International (UPI) said Wednesday (Jan. 22) that they have struck a global partnership to grow their networks and accelerate the adoption of digital payments — especially in cross-border commerce. In an announcement, the firms said PayPal is committed to supporting UnionPay acceptance globally, across an installed base of 24 million merchants where PayPal is accepted via the PayPal wallet.

Course 150

Course Cards Payments Strategy 150

Payments Source

JANUARY 22, 2020

Even in mature markets, consumers may not feel very connected to their payment cards. This is making issuers more reliant on selling data-driven experiences over simple transaction processing.

Cards 108

Cards Data Marketing Payments 108

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

Report

PYMNTS

JANUARY 22, 2020

Three words are driving dramatic technological changes in the fast food space: quality, convenience and speed. QSR customers expect quality food and their preferred payment methods, and they want those things immediately. Restaurant operators are doing their best to satisfy those demands, spending billions on sophisticated, innovative solutions that improve experiences for customers who are dining in or ordering delivery or pickup.

Technology 146

Technology Operations System Cards 146

Payments Source

JANUARY 22, 2020

The future of brick and mortar retail is somewhere in the swamps of Jersey. Buried beneath a virtual sea in a place once called Xanadu is an underwater version of New York, a nautical Times Square where marquis scream “Piranha of the Opera,” and “Krill Grill.”.

Retail 83

Retail New York Online Mobile 83

PYMNTS

JANUARY 22, 2020

Price is what you pay, value is what you get. And when it comes to investing, the two may not always converge. As stock markets sit at what seems to be continuously new highs, it’s worth considering an old cartoon that ran long ago: A broker, seated behind a desk, is shouting into the phone: “What’s the valuation? What’s the valuation? The markets are going up, that’s the valuation!”.

Study 143

Study Examples Maine Capital 143

Bobsguide

JANUARY 22, 2020

There is a disconnect between associations and market participants over the use of a Master Regulatory Reporting Agreement (MRRA) for European Market Infrastructure Regulation (Emir) and Securities Financing Transactions Regulations (SFTR) reporting. Some say the standard format of contract will.

Regulation 89

Regulation Security Marketing Report 89

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.

Lending

PYMNTS

JANUARY 22, 2020

Consumers pay a significant amount of money for beauty products, with much of the prices set by middlemen. Function of Beauty , however, aims to create a more functional direct-to-consumer (DTC) model designed to pair shoppers with custom-picked haircare products. And in tech, virtual reality (VR) and augmented reality (AR) are starting to make more significant gains in the retail world.

Retail 141

Retail Innovation Technology Data 141

BankBazaar

JANUARY 22, 2020

If your resolution for 2020 is to travel more, we’ve got you covered. Presenting 6 must-visit countries that you can travel to in 2020 WITHOUT A VISA. “TRAVEL MAKES ONE MODEST, YOU SEE WHAT A TINY PLACE YOU OCCUPY IN THE WORLD.” ~ GUSTAVE FLAUBERT. The travel industry is booming with Indians travelling more than ever. The internet and social media have certainly made the world a smaller place.

Samoa 78

Samoa Trends Hawaii social media 78

PYMNTS

JANUARY 22, 2020

Robotics and artificial intelligence company Berkshire Grey has raised $263 million in Series B financing to continue providing global Fortune 100 companies with retail, eCommerce and logistics fulfillment automation. SoftBank, Khosla Ventures, New Enterprise Associates and Canaan all participated in this financing round, Berkshire Grey said in a release Tuesday (Jan. 21).

Retail 141

Retail Operations Course Company 141

CFPB Monitor

JANUARY 22, 2020

Earlier this month, in Buchholz v. Meyer Njus Tanick, P.A. , the U.S. Court of Appeals for the Sixth Circuit affirmed a district court’s decision that a plaintiff who alleged that the defendant had violated the Fair Debt Collection Practices Act (“FDCPA”), failed to allege a concrete injury in fact sufficient to confer Article III standing. The plaintiff alleged the defendant law firm violated the FDCPA by sending him two letters regarding overdue payments he owed on two accounts.

Conference 78

Conference Report Payments 78

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.

Lending

PYMNTS

JANUARY 22, 2020

The rollout of PSD2’s Strong Customer Authentication (SCA) has been a bit bumpy, to say the least. A year ago (when the rollout was still officially on the calendar for September of 2019), merchants, acquirers and issuers all over the European Economic Area (EEA) were widely confused over what the new regulations entailed, and how exactly they were supposed to prepare for them.

Data 141

Data Guidelines Regulation Compliance 141

CFPB Monitor

JANUARY 22, 2020

Seila Law has filed a motion with the U.S. Supreme Court requesting an enlargement of the time allocated for oral argument (scheduled for March 3) and a division of the time to accommodate “the unusual circumstances for oral argument” that the case presents. Seila Law states that it has consulted with the DOJ and Paul Clement, the court-appointed amicus curiae, and each consents to the motion and proposed structure for oral argument.

78

78

PYMNTS

JANUARY 22, 2020

Will India prove to be a model for open banking ? Will it be a fast follower – or a cautionary tale? India is on the verge of passing a data protection law in 2020 that, in some respects, mirrors – and may help inform – other initiatives around the globe. In the simplest terms, the data laws place parameters around the collection and use of data that springs from a staggeringly large market – as many as 560 million individuals, if we count the number of people who have internet access in India.

Data 141

Data Payments Regulation System 141

Bobsguide

JANUARY 22, 2020

Small business loans and overdraft facilities provided by big banks are on the decline according to recent figures published by UK Finance. The report, dated January 17, shows that while London lending fell by less than three percent between September 2014 and September 2019, in the North West the.

Lending 83

Lending Report 83

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.

Compliance