July, 2016

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The 6 biggest trends in #Fintech today

Chris Skinner

When someone sends me something interesting, I can’t help but share it so this insight from Susan Visser came at just the right moment. Susan and I have exchanged various ideas over the years, so here’s her view of the key Fintech trends. Summary Data is having a tremendous impact on customer experience, and through enhanced insight … The post The 6 biggest trends in #Fintech today appeared first on Chris Skinner's blog.

Trends 284
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Mobile wallets: Where do I keep my receipts?

Payments Dive

David Salisbury, the vice president of sales and marketing Star Cloud Services, discusses a pressing issue in this industry: the lack of digital receipts in all mobile wallets.

Mobile 278
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TD Bank Revamps Mobile App with ‘20 New Features’

Bank Innovation

TD Bank’s U.S. mobile customers just got a major app upgrade. Tablet users, your upgrade is coming in the fall, Bank Innovation has learned. TD’s iOS users (finally) have the option to skip the passwords and make use of Touch ID. Customers also got a greater transfer functionality, allowing them to Read More.

Mobile 268
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Philippines-Based Bitcoin Remittance App Enters US Market

PYMNTS

Abra , the bitcoin remittance app, has made its way to the U.S. — via the iPhone and Android app options. What that means is that Abra customers in the U.S. or the Philippines can send money to each other using the app’s digital wallet that works with their bank accounts. The company noted in its release that this is the first move in helping it expand globally.

Bitcoin 144
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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

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Brexit. Eventually. Possibly.

Celent Banking

What did Britain say to its trade partners? See EU later. It’s been a funny week or two to say the least, so it seemed apposite to start with a joke (and we’re not talking about the England vs Iceland result! – the Icelandic commentator is worth a 30sec listen.). The UK woke up to find that it was leaving Europe. Given the legendary British reserve, stiff upper lip, etc., it is quite incredible just how divided the country has become, and how everyone has an opinion.

More Trending

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The best blockchain research papers, Q2 2016

Chris Skinner

I’ve published a few summaries of the best of blockchain research earlier this year (February and March). There’s been a load more since, but Brave New Coin has curated a nice summary of all those that came out in the last quarter. As they publish my content sometimes, here is their list (click on the titles to see the reports): … The post The best blockchain research papers, Q2 2016 appeared first on Chris Skinner's blog.

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Walmart Pay goes live nationwide as retailer sees early gains from system

Payments Dive

As of today, Walmart Pay is available at the chain's 4,600 locations after months of staggered rollouts throughout the U.S.

System 170
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Amazon Alexa, Facebook Messenger on Wells Fargo’s Roadmap

Bank Innovation

Wells Fargo & Co. is keeping busy on the digital payments front this summer. In late May, the bank announced it will launch a mobile wallet in the coming months. Last week, the bank joined the clearXchange realtime payments network, and will offer instant P2P payments starting August 1. Ahead of the Read More.

Mobile 265
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How Singapore Is Fueling A ‘Smart Nation’

PYMNTS

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. The country’s technology ecosystem is setting the foundation for good governance, infrastructure and increased capabilities, which makes it no surprise Singapore has gained attention for its tech initiatives.

National 133
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The State of Automation in Financial Services 2024 Report

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

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Passwords Suck – Bring on Biometrics!

Celent Banking

Now that I have your attention. Let me be clear: I hate passwords, particularly when they are increasingly required to be longer, more complex and frequently changed. Apparently, I am not alone in this sentiment. At a conference in 2015, a small start-up, @Pay , a low-friction mobile giving platform, offered attendees a free t-shirt in return for seeing a brief demo.

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Merchants in Legal Hot Water After EMV Shift

Payments Source

Merchants are facing consumer lawsuits stemming from the introduction of EMV-chip card security at the point of sale in the U.S., exposing the issues many stores must contend with now that they are held liable for fraud and chargebacks.

Fraud 102
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The case for bitcoin (or something like it)

Chris Skinner

I can remember a few years ago that the UK pound was almost at the level of being valued at $2. Two dollars to the pound. Amazing. I brought a lot of American stuff that year. Yesterday, I bought something and it was $1.30 to the pound. Shoot. The dinner for $100 that a few … The post The case for bitcoin (or something like it) appeared first on Chris Skinner's blog.

Bitcoin 240
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June 5 for 5: Execs discuss the problem of cart abandonment

Payments Dive

It's time for a look back at June's most-read articles on Mobile Payments Today.

Mobile 170
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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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New Bank Bot Jude Can Control Multiple Accounts [VIDEO]

Bank Innovation

That’s right — it’s another bot. This one’s from New Zealand software designer Ben Lynch and is called Jude. Bots are huge everywhere — Facebook Messenger now hosts more than 11,000 — but lately, meaning, this week, they have made a strong push into financial services. Jude launched in May Read More.

Video 260
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Why Paris Has A Heart For FinTech

PYMNTS

In this week’s edition of PYMNTS’ Weekly Tech Center Roundup , we find ourselves back in Europe, where Brexit is all anyone can talk about. But we are heading to France, where the country’s capital city is making a name for itself as a booming tech center. Before we jump into the post, here are a few quick facts about Paris and its tech scene: Paris has an estimated population of 2,241,346.

Fintech 121
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Artificial intelligence in banking – a pain in the bot?

BankNXT

Luis Rodriguez asks the question, are you ready to bring artificial intelligence to your bank via bots? Artificial intelligence in banking – a pain in the bot? on BankNXT.

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Foreign exchange of the future â?? streamlined, cost effective, fast

Bobsguide

In terms of currency and exchange rates, 2016 is expected to be another highly volatile year. The first half of the year has lived up to expectations, with Sterling in particular having had a tumultuous ride in the lead up to the ‘Brexit’ vote in June. Uncertainty around whether or not.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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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Four big buckets of banking change, and the implications therein

Chris Skinner

I sat through a discussion of FinTech last night. The theme was how FinTech is changing the business model of banking and a bunch of bankers focused upon the issue. From the dialogue, there were clearly four big buckets of change: Regulations and how they impact the incumbents and the challengers Data and the permissibility … The post Four big buckets of banking change, and the implications therein appeared first on Chris Skinner's blog.

Fintech 240
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Is a Gas Station in Michigan Test Driving the Future of Mobile Payments?

Payments Source

Patrons of the GC Express gas station in Caro, Mich., have another choice to make at the pump: Do they want to pay with a credit union's mobile banking app?

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Is ‘Buy with Facebook’ Finally Coming?

Bank Innovation

Whatever happened to the “Buy with Facebook” button? Back in 2014, Stripe confirmed that it was working with Facebook on a “Buy” button for the social media giant. From Recode: Facebook first began testing a “Buy” button within the News Feed in July [2014], and payments startup Stripe has been tasked Read More.

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A Roadie For Everyone

PYMNTS

When the average person confronts broken bathroom tiles, they can be expected to go through something like the five stages of grief described by Elizabeth Kubler-Ross: denial, anger, bargaining, depression and acceptance. The important part is that the average person gets to that last phase, acceptance, and resigns themselves to ordering new tiles and hoping for a better outcome.

Oregon 117
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Addressing Top Enterprise Challenges in Generative AI with DataRobot

The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.

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A Credit Union Man: Part 1

SWBC's LenderHub

Growing up, if you asked Pops what he did for a living, he would tell you, "I'm a credit union man." My father’s credit union career has spanned four decades. Along the way, he taught his family the important role credit unions play in our local communities, both as co-ops and in serving the underserved. My name is James K Ryan, Jr. and credit unions are in my blood.

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CFPB issues ninth Semi-Annual Report

CFPB Monitor

Barbara S. Mishkin. The CFPB has issued its ninth Semi-Annual Report to the President and Congress covering the period from October 1, 2015 through March 31, 2016. The 188-page report recycles information from previously-issued CFPB reports and reviews ongoing and past developments, which we have covered in previous blog posts. By way of aggregate statistics, the report indicates that in the six-month period it covers, CFPB supervisory actions resulted in financial institutions providing more t

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Banks are doing something good (for a change)

Chris Skinner

We spend much of our time berating the banks and beating them up, but it’s not always the case. Every now and again, I like to write about the specific good that banks do. For example, 5 of the top 10 Charitable Companies in the USA are banks: Wells Fargo (#3), Goldman Sachs (#4), JPMorgan … The post Banks are doing something good (for a change) appeared first on Chris Skinner's blog.

Examples 232
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30% of the UKâ??s fintech human capital is from the EU and overseas, says Innovate Finance

Bobsguide

UK leader in fintech, Innovate Finance, surveyed its members after the vote to leave in order to understand how businesses are feeling during this time of uncertainty. Despite programmes such as Project Innovate and the Regulatory Sandbox being put in place, the results of the referendum has.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.