Bank Innovation
JULY 17, 2017
The war on cash is resurging, but this time companies are more focused on other companies than they are on changing consumer behavior. The campaigners against cash have long included companies like Visa and Mastercard, which each offer their own incentives for consumers to move to digital methods of payment. However, cash (and consumers) are […].
Chris Skinner
JULY 17, 2017
I talked earlier about the homogenization of the world as we are all become globally connected, seeking global brands using a global language through global platforms. I truly believe that will happen, as it’s the natural outcome of the fourth age of humanity where we become digital humans, but there’s a long way to go. You only have to experience countries emerging from the darkness of disconnectedness to know this.
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Bank Innovation
JULY 17, 2017
The number of consumer mobile banking apps available is continuing to grow, but smaller banks are getting left out of the race. That is according to the July Monkey Insights report, released today by Malauzai Software. Consumer mobile apps grew about 6%, in keeping with last year’s growth, according to the report. This slower growth […].
Chris Skinner
JULY 17, 2017
Things we’re reading today include … The Boston Consulting Group Says Banking Needs to Become More Bionic Italian banks may take 10 years to fix bad debt issue – Morgan Stanley Former Barclays chief will stand trial over Qatari fundraising in January 2019 Didn’t pay your Macy’s bill? Expect a text from Citigroup BNP Paribas faces $246m fine in currency scandal Who are the seven female bosses in the FTSE 100?
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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
JULY 17, 2017
While accountants express the desire to generate a large share of firm revenue from providing advisory services , survey data has shown that many firms derive very little revenue from the types of value-added, consultative services that comprise advisory. Firms sometimes initially “test the waters” with advisory work, offering a handful of services using packaged advisory work programs or checklists.
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Let's Talk Payments
JULY 17, 2017
One of the most shocking things Limitless Co-founder Ka-ming Lim read in 2015 was that millennials had a negative savings rate. After over 20 years in the investment industry in.
PYMNTS
JULY 17, 2017
If your company has employees who travel for work, chances are there’s at least one area of your travel program that’s costing your business unnecessary money. According to Lesley O’Bryan, principal and vice president of travel advisory company Advito , non-optimized business travel and wasted money could be coming from something as simple as an employee who travels when they don’t need to.
Let's Talk Payments
JULY 17, 2017
RS2, a global payments software and managed service provider has announced a tie-up with Quatrro Processing Services (Quatrro), a global FinTech company that specializes in full-service payment processing, to offer.
PYMNTS
JULY 17, 2017
Catching fraudsters isn’t as easy as just checking the IP address of an order anymore. Today’s fraudsters are smart, well-funded and coordinated, much more so than the merchants they attack. Fraud isn’t perpetrated by a random assortment of individuals; it’s organized crime. It’s “fraud as a Service.” It’s a business. On the darknet, criminals can rent botnets and even get help from friendly customer service types to use them.
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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
NCR
JULY 17, 2017
In today’s environment, setting up a fraud prevention program is a hugely complex process. Algorithms will need to include a wide range of rules and models that can evaluate a huge number of factors to spot and block fraudulent transactions in real-time, without impacting on legitimate customers. One area that must not be overlooked is the impact of non-financial events and activities on a fraud prevention strategy.
PYMNTS
JULY 17, 2017
Even an infinite scroll only generates a finite number of ad clicks. Facebook has just about maximized the amount of money it can make from people scrolling their newsfeeds, so the social media giant is shifting its ad placement focus to sister platforms WhatsApp, Instagram and most recently, Messenger. Despite a rousing success in Q3 of last year, with 4.67 percent revenue growth (and now with more than 2 billion people on the platform), Facebook said in November that it was concerned about a p
Payments Source
JULY 17, 2017
The move will explore the risks and opportunities of the new technology, and the group membership allocation across agencies and stakeholder groups seems to be a reasonable way to include a range of opinions, writes Rob Viglione, co-founder of ZenCash.
PYMNTS
JULY 17, 2017
MarketInvoice, based in the U.K., is adding support for companies that have foreign invoices, reports said Friday (July 14). The invoice financing company said it is adding euro and U.S. dollar capabilities to its solution, allowing businesses with invoices in these currencies to get financed. The feature is part of MarketInvoice Pro , a service launched earlier this year and allows companies to seek financing against their collective outstanding invoices, as opposed to MarketInvoice Select, wh
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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.
BankNXT
JULY 17, 2017
Challengers should look at the full life cycle of banking, not just the tip of the iceberg that retail customers interact with. Story by Leda Glyptis. The challengers’ challenge – fintech coming of age on BankNXT.
PYMNTS
JULY 17, 2017
Some may argue that one of the best ways of expressing individuality can come from daily fashion choices. From colors to various fabrics and how well a piece of clothing fits, there are several factors to consider when getting dressed in the morning. As adults, there are a variety of selections to choose from, but as children the colors and themes have become streamlined into clear boy or girl categories.
Payments Source
JULY 17, 2017
Payments services provider Worldline has agreed to acquire the Digital River World Payments unit of Digital River Inc. to bolster its online payments offerings to large merchant clients.
PYMNTS
JULY 17, 2017
There have already been movies about artificial intelligence (AI) and what it could possibly do in terms of harming us. Robots taking over the world or programming themselves to take all of people’s jobs. The amount of ways in which AI could be applied is virtually limitless and has made advances at a rapid pace over the past few years. Effectively, artificial intelligence has moved its way into nearly every part of the average consumer’s lives.
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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
JULY 17, 2017
The PayCommerce Network consists of a banking consortium of over 100 banks transacting in more than 80 countries. PayCommerce’s network members include banks, financial institutions, global corporates and alternate channel providers. Bobsguide spoke to Abdul Naushad, Founder and Executive.
PYMNTS
JULY 17, 2017
Citing an improved traffic and retail shopping trend, retailer Target upped its comparable target sales for Q2 2017. In a press release late Friday announcing the news, Target said it now expects a modest increase in its second quarter comparable sales and that it anticipates reporting Q2 2017 GAAP and Adjusted EPS Target shares above the high end of its previous guidance range of $0.95 to $1.15.
Payments Source
JULY 17, 2017
Despite the best efforts and significant budgets of those who seek to replace cash with more efficient digital alternatives, paper money refuses to shuffle off its mortal coil.
PYMNTS
JULY 17, 2017
At a time where cybersecurity is more important than ever before, Neiman Marcus may be exposed to hackers. The luxury retailer’s very first cybersecurity executive has decided to part ways with the company. After signing on as Neiman Marcus’ chief security information officer in 2014, Sarah Hendrickson has stepped down from her position. Hendrickson, a 20-year security veteran, joined Neiman Marcus’ team shortly after the company’s 2013 data breach which involved 1.1 million credit and debit car
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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
JULY 17, 2017
Large outdoor events were among the earliest proving grounds for mobile point of sale technology. Will this environment be as welcoming of digital currency?
PYMNTS
JULY 17, 2017
2017 has not been the best of the best for ride-hailing company Uber. From its CEO stepping down to employees filing and winning lawsuits , Uber has seen its fair share of ups and downs. While the company is working hard to reposition itself, some investors may be looking to sell its shares while its competitors rev up their funding engines. Here are the numbers: $69 billion | Current valuation of Uber where its venture capitalists and board are urging stock sales. $8.2 million | Amount of fun
Payments Source
JULY 17, 2017
Why choose a former Visa chief to run a custody bank? Because to survive long term, Bank of New York Mellon will have to look more and more like a payments company.
PYMNTS
JULY 17, 2017
A study has found that an increase in college enrollment will give a big boost to retailers’ second-biggest shopping season. Chain Store Age reports that the combination of back-to-school and back-to-college spending is projected to reach $83.6 billion this year, up more than 10 percent from last year’s $75.8 billion. According to the National Retail Federation’s annual survey, college students and their families plan to spend an average of $969.88, an increase from last year’s $888.71, and tota
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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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