Bank Innovation
SEPTEMBER 28, 2017
EXCLUSIVE— With the help of APIs and other technologies, U.S. banks are mastering the use and sharing of data, but the next challenge is going to be even more technical. To move forward, financial institutions are going to have to take a closer look at the user experience, Eric Hazard, CEO for fintech venture capital […].
Chris Skinner
SEPTEMBER 28, 2017
I’m going way, way back in time to when I was a mere youngster in finance. Yes, there were planes, trains and automobiles back then you insulting, poisonous bunch-backed toad. Anyways, back then, I did a business process analysis of one of the country’s largest financial firms and I still … The post How the world has changed … appeared first on Chris Skinner's blog.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Bank Innovation
SEPTEMBER 28, 2017
EXCLUSIVE- To make a government-backed cryptocurrency is to defeat the point of cryptocurrency, Jacob Eliosoff, a programmer, crypto trader, businessman, and teacher, explains in an interview with Bank Innovation. There is no shortage of interest in government-backed cryptocurrency in today’s world. From China, to Uruguay, to Estonia, many state governments have been spending a wealth […].
Payments Dive
SEPTEMBER 28, 2017
It was a small sample size, but participants at a consumer panel at last week's Bank Customer Experience Summit in Chicago revealed their preferences for mobile P2P services.
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
Bank Innovation
SEPTEMBER 28, 2017
UK-based bank HSBC is aiming to create a more open financial ecosystem, through the creation of an app that would aggregate all of a user’s bank accounts in one place. The app would allow customers to add up to 21 separate financial accounts, from different banks, covering current accounts, loans, mortgages and savings — so […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
SEPTEMBER 28, 2017
Canadian payment processor, Pivotal Payments, gets a boost to its growth plan through an investment from private equity firm Novacap and pension fund Caisse de dépôt et placement du Québec on Wednesday. Terms of the investment were not disclosed. According to the announcement, Quebec-based Pivotal will use the funds for strategic acquisitions. Pivotal, which focuses […].
Chris Skinner
SEPTEMBER 28, 2017
Things we’re reading today include … P2P lender Zopa set to reopen to new investors HBOS must have known of Reading fraud, Thames Valley PCC says ZhongAn surges in HK debut, boding well for future tech listings Exclusive: Royal Bank of Canada using blockchain for U.S./Canada payments – executive Hundreds … The post Things worth reading: 28th September 2017 appeared first on Chris Skinner's blog.
Bank Innovation
SEPTEMBER 28, 2017
EXCLUSIVE- Four years ago in September, payment processor PayPal acquired Braintree, along with Braintree-owned Venmo. Since then the San Francisco-based Braintree has catapulted itself through innovation, APIs and a giant network – curtsey of PayPal – to the front of the payments stage. But while Braintree has benefited tremendously from its PayPal takeover, Juan Benitez, General […].
PYMNTS
SEPTEMBER 28, 2017
A marketplace, according to Karen Webster, is like a dance. With complex choreography, it requires precise steps and a balance of buyers and sellers — after all, it takes two to tango — to keep things moving as smoothly and easily as some of the bigger players, such as Uber and Airbnb, make it appear. Focusing too much on the buyer’s satisfaction at the exclusion of the sellers’ can leave a marketplace off-kilter, Webster said, preventing it from igniting to scale.
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
Bank Innovation
SEPTEMBER 28, 2017
The Royal Bank of Canada is looking at ways to implement blockchain technology for payments between its Canada and U.S. banks, using a system developed with software from the blockchain consortium Hyperledger. The system was moved into existing RBC systems a few weeks ago to “shadow” the bank’s primary payment ledger, Martin Wildberger, the executive […].
PYMNTS
SEPTEMBER 28, 2017
The future of the corporate accountant is in flux. FinTechs are developing ways to automate accounting tasks, forcing human accountants to provide more strategic, value-added services. At the same time, an influx in the variety of financial management solutions for large and small businesses has some companies looking beyond the corporate accountant.
Bobsguide
SEPTEMBER 28, 2017
Alberto Chierici, CPO of SPIXII, a fintech specialising in chatbot technology, spoke to bobsguide about the insurtech landscape, its pioneering UX solution, and the company's plans for major insurance disruption in 2018. How did you and SPIXII find its way into insurance? I am one.
PYMNTS
SEPTEMBER 28, 2017
Just months after Amazon announced Amazon Business, its B2B service, reached more than 1 million customers, the company has now launched the service in India. Reports Wednesday (Sept. 27) said Amazon Business hopes to reach more small- and medium-sized businesses (SMBs) in India. Amazon India noted the launch of Amazon Business in the country will target an array of SMBs, including technology firms, manufacturers, universities and service companies, by providing them with eProcurement capabilit
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.
Let's Talk Payments
SEPTEMBER 28, 2017
Digital banking has not only gone mainstream but in many cases, it has become the only point of contact between banks and their customers. According to a May 2016 report.
PYMNTS
SEPTEMBER 28, 2017
Taking criticism is not an easy skill, for individuals or for businesses — and anonymous digital criticism is the worst kind. Amateur aficionados and would-be food critics are not known for exercising their mental filters, or any restraint, when posting about their restaurant experiences online. But, if critiques can be given and received gracefully, there’s a lot of potential value.
Let's Talk Payments
SEPTEMBER 28, 2017
Globally, access to finance remains one of the most significant constraints to the growth, productivity and even survival of SMEs – and to the critical jobs they create. The SME.
PYMNTS
SEPTEMBER 28, 2017
When it comes to Bitcoin and other digital currencies, Morgan Stanley chief executive officer James Gorman sees potential, something with which his counterpart at JPMorgan does not agree. Speaking during a Wall Street Journal event on Wednesday (Sept. 27), Gorman said cryptocurrencies are “certainly something more than just a fad,” reported CNBC. What’s more, the executive didn’t call for additional regulations of the new marketplace, but rather said technology trends will force the regulators
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.
Let's Talk Payments
SEPTEMBER 28, 2017
Remitly makes moves to expand its international footprint and influence as it brings on new global business development lead and opens office in Nicaragua. SEATTLE, September 27, 2017 — Today Remitly announced its.
PYMNTS
SEPTEMBER 28, 2017
The startups and small businesses that innovate aren’t just coming up with new technologies — they’re creating entirely new business models that, while progressive, can place increasing pressure on cash flow management for the enterprise. Like in much of the world, Canada’s alternative lending market has stepped in to try to fill in the funding gaps to smaller companies that struggle to access a bank loan.
Payments Source
SEPTEMBER 28, 2017
Card fraud is declining, making smaller merchants and other chip card laggards even larger targets, writes Allen Friedman, director of payment solutions at Ingenico Group, North America.
PYMNTS
SEPTEMBER 28, 2017
Are expectations for iPhone sales, including the newest models yet to bow, realistic? Maybe not, according to recent news from Deutsche Bank, which released a report on Wednesday (Sept. 27) that reiterated a hold rating on the technology giant, and a $140 price target that is about 9 percent below the current price level. In the report, Analyst Sherri Scribner said, “We remain wary that investor expectations for the iPhone 8/X cycle are more optimistic than realistic.
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.
Gonzobanker
SEPTEMBER 28, 2017
Banks and credit unions that have lost the ability to differentiate with their own data centers can regain control with a strategic approach to outsourcing. . A decade ago, many financial institutions were bringing as much technology as possible in-house as a way of controlling their destinies and customizing their core platforms and data warehouses.
PYMNTS
SEPTEMBER 28, 2017
In retail news, it’s a good day to be Overstock.com. According to reports from CNBC, the market is reacting favorably to the news that Overstock’s subsidiary tZero is joining the business of trading digital coins. The 23.5 percent leap takes its stock price to its highest point since January 2014, moving its annual increase to 65 percent on the whole. tZero, in partnership with financial services companies RenGen and Argon, announced it is moving to launch an alternative trading syst
FICO
SEPTEMBER 28, 2017
Lenders are looking for new ways to connect with the estimated 3 billion people worldwide who fall outside the credit mainstream. These “credit invisibles” don’t have credit cards, bank accounts or credit history — so how can a lender assess their risk? To tackle this issue, FICO has launched a Financial Inclusion Initiative that leverages emerging technology, innovative analytics and new data sources to address the unique needs and regulatory environment in each country.
PYMNTS
SEPTEMBER 28, 2017
Amazon is expanding the uses for Alexa , its voice-activated digital assistant, and will soon find its way into future BMW vehicles. According to a news report in TechCrunch , BMW is gearing up to have Alexa in the cockpit of some of its vehicles beginning next year. The revelation came during an event Amazon held on Wednesday (Sept. 27) at its headquarters in Seattle, Washington to unveil a slew of new products.
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.
306 
Let's personalize your content