Chris Skinner
NOVEMBER 28, 2018
I remember years ago hearing the story of a start-up that wanted to be acquired by the big incumbent institutions. The founder was struggling to succeed, and felt that an easy exit through acquisition was the best way to go. The young CEO went to the big old incumbent company … The post If they get big enough, we will buy them appeared first on Chris Skinner's blog.
Payments Dive
NOVEMBER 28, 2018
This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.
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Chris Skinner
NOVEMBER 28, 2018
Another interesting factor in leadership is communication. When I ask people who they think are great leaders, they often name people like Steve Jobs, Barack Obama, Nelson Mandela, Winston Churchill and more. What is common in all of these names is that they are great orators. Their speeches are marked … The post Most great leaders are great speakers appeared first on Chris Skinner's blog.
PYMNTS
NOVEMBER 28, 2018
InComm , a global prepaid product and payment technology company, has announced a partnership with Welcia , Japan’s leading pharmacy chain, to launch four mobile barcode payment solutions in its stores. InComm will be integrating its point-of-sale payment technology directly with Welcia. “Simultaneously connecting these major mobile barcode payments with the largest pharmacy chain in Japan is an exciting opportunity for InComm and Welcia’s customers,” Takumaro Arai, vice president and general ma
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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
NOVEMBER 28, 2018
Digital assets are here and they’re probably here to stay, in some form or another. People and companies with money in one of the world’s most interesting alternative investments seem to also have no small amount of interest in bringing it mainstream. New crypto investment products on a myriad of platforms are bubbling up left […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
NOVEMBER 28, 2018
Blockchain may have received its most exposure as the distributed ledger technology at the foundation of cryptocurrency exchanges, but its use cases are advancing into other data-driven or supply-chain industries pursuing the Internet of Things.
PYMNTS
NOVEMBER 28, 2018
NovoPayment, an enabler of digital financial services, announced Wednesday (November 28) the expansion of its Developer Hub to include new partner-integrated application protocol interfaces (APIs), enterprise customer functionalities and an enhanced user experience. In a press release , the company said its Developer Hub is “the first bank-agnostic portal of its kind offering resources to software developers seeking to build new payment and financial service solutions, enhance existing products
Bobsguide
NOVEMBER 28, 2018
Efficient order management is critical to the success of any organisation. Yet achieving flawless orders on an ongoing basis can be challenging for organisations of all shapes and sizes. There are dozens of hurdles to overcome along the often tumultuous road to order fulfilment – from.
PYMNTS
NOVEMBER 28, 2018
Keeping consumers happy enough to make them loyal customers is no easy task, particularly as the list of things they are looking for in a commerce experience is ever-growing. They want novelty in how they travel , in how they pay and in how they shop – particularly if those novel offerings bring a smoother, more friction-free experience. At the same time, consumers also want a guarantee of security and a belief that their entire digital identity isn’t going to end up for sale on the dark web.
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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
Insights on Business
NOVEMBER 28, 2018
Today, most banks and other financial institutions use the internet as one of the primary ways of interacting with customers. For example, online banking and customer portals allow clients to access services without visiting a physical location or even talking to a person. While other industries are moving beyond the use of the internet as a communications channel and deploying business applications on the cloud, most of the core banking applications still run inside company-owned and managed da
PYMNTS
NOVEMBER 28, 2018
If Hollywood, gripped by reboot fever, ever remakes the 1983 classic movie “ A Christmas Story ” — hey, we are just doing a thought experiment here, not calling for it to actually happen — Ralphie wouldn’t need Santa and his judgmental, contrary, entirely non-professional attitude. Instead, the adorable boy whom everyone fears will shoot out his eye would simply use his mobile phone, or tablet, to order that Red Ryder Carbine Action 200-shot Range Model air rifle, perhaps using the allowance he
Payments Source
NOVEMBER 28, 2018
The Australian government is evaluating a set of proposals to radically reform its payments industry, including abolishing interchange and opening up access for new entrants to core infrastructure.
PYMNTS
NOVEMBER 28, 2018
B2B payments is all too often a waiting game, one that can be damaging to the survival of a small business (SMB). With checks still so heavily in play, small businesses must not only wait to receive a check, but banks often enact a holding period that forces a company to wait even longer to see the funds they’ve been paid. The check system creates a financial environment in which a small business has money, but can’t use it.
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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
NOVEMBER 28, 2018
When it comes to voice-activated banking, institutions need to avoid implementing “gimmicky” technologies that “won’t add anything” to the client experience. That’s according to Jason Maude, senior developer at Starling Bank. Speaking at a retail banking.
PYMNTS
NOVEMBER 28, 2018
Gymboree, the U.S. retail outfit that sells children’s clothing, is mulling whether to shutter more than half of its 900-store base, Reuters reported Tuesday (Nov. 27), citing people “familiar with the matter.”. The firm emerged from bankruptcy in 2017, and per the newswire has engaged consulting firm Berkley Research Group to explore its options. Berkley is helping Gymboree analyze its leases for stores located in malls.
Bobsguide
NOVEMBER 28, 2018
Retailers are showing signs of reluctance to the payment innovations enabled by Open Banking according to Nick Kerigan, managing director of future payments, Barclaycard. “I think they [retailers] are being cautious and prudent in the sense that they want to explore the benefits, but they.
PYMNTS
NOVEMBER 28, 2018
Court documents have revealed that Facebook has considered charging companies for ongoing access to user data. The Wall Street Journal viewed internal emails that showed Facebook employees had discussed pushing some advertisers to spend more in return for more access to user data. An unidentified Facebook employee suggested shutting down data access “in one-go to all apps that don’t spend… at least $250k a year to maintain access to the data,” according to one email.
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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
NOVEMBER 28, 2018
Banks must find their niche and “bloody well deliver” or face losing customers to challengers. according to Alison Jaap, head of change at First Direct. Speaking at an event in London this week, Jaap argued that incumbents need to take more commercial risks as innovative products flood.
PYMNTS
NOVEMBER 28, 2018
Facebook could face coordinated regulation by nine countries after chief executive Mark Zuckerberg refused to be questioned by an international committee on fake news. According to a report in the Financial Times , members of parliament from Argentina, Brazil, Canada, Ireland, Latvia, Singapore, France, Belgium and the U.K. said Facebook has lost the trust of the public — and peppered Facebook’s vice president of policy solutions Richard Allan with questions during a hearing in London after Z
Bobsguide
NOVEMBER 28, 2018
Challenger bank account holders are looking elsewhere for budgeting assistance according to Steve Tigar, CEO of the free online budgeting app, Money Dashboard. Speaking at a conference this week in central London, Tigar said Money Dashboards most engaged users of the budgeting service are.
PYMNTS
NOVEMBER 28, 2018
First Data’s 2018 Prepaid Consumer Insights Study found that the average consumer is spending $59 more than the original value of their gift card, marking an increase from $21 a year ago. In a press release , First Data said the report shows a significant lift is being generated from gift card spending. “Business owners continue to have a tremendous opportunity to drive sales, build their brand and increase customer loyalty by investing in a robust gift card program,” said Dom Morea, senio
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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
NOVEMBER 28, 2018
Proponents of real-time payments systems say banks must embrace them given consumer demand for more immediacy and transparency, even if criminals will try to exploit them.
PYMNTS
NOVEMBER 28, 2018
Tencent’s WeBank, China’s first internet-only bank, is banking on artificial intelligence to improve customer service, reported CNBC. According to the report , citing Yang Qiang, an AI consultant at WeBank, the digital-only bank thinks that deploying virtual robots powered by facial and speech recognition and natural language processing will improve service and increase convenience.
ATM Marketplace
NOVEMBER 28, 2018
This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.
PYMNTS
NOVEMBER 28, 2018
Deskera has secured an investment of more than $60 million from Jungle Ventures and other backers in support of its small business (SMB) cloud-based solutions, including enterprise resource planning (ERP), inventory management and customer relationship management (CRM) tools. According to The Business Times on Tuesday (Nov. 27), Deskera received the funding from Jungle, as well as Cisco Investments, Tembusu Partners, Susquehanna International Group and InnoVen Capital.
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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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