Bank Innovation
APRIL 17, 2016
Aphrodite, a Femtech leader, has moved countries half a dozen times and maintains accounts (or trails of accounts) in each place she lived and worked at. Three different currencies and a mix of accounts, from checking, savings, to investment accounts; comprise her financial holdings. The accounts include some passive, “hosted” under a universal bank’s non-discretionary… Read more Equity broker or investment advisor?
Chris Skinner
APRIL 30, 2016
Our main stories of this week includes … Lessons banks can learn from YouTube (and others) I need a little time to think about my reimagined financial structure, but some of the basics are already in play such as the idea of thinking about value exchange rather than monetary exchange.
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Accenture
APRIL 29, 2016
Simply put, the processes that are most suited for automation are those that are repetitive and require minimal judgement. Our Finance and Risk clients find there are many processes that match these criteria. But to help evaluate where robotic process. Read more.
Abrigo
APRIL 28, 2016
Guest Post By Maria Contreras-Sweet, Administrator of the U.S. Small Business Administration What creates two out of three net new American jobs; produces close to half of our nation’s goods and services (nonfarm private GDP); and can be found, coast to coast, in every small town, big city and rural enclave? The 28 million small businesses that propel our economy forward and define our national entrepreneurial spirit.
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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
South State Correspondent
APRIL 28, 2016
There is a trendy restaurant in New York City that temporarily changed its menu to serve food composed entirely of garbage. The idea was to highlight the amount of food that is wasted worldwide. Food waste happens for different reasons in different places – in developing countries, difficulty with storage and refrigeration are the problem. In developed countries, aesthetic standards are the primary culprit, and changing this perception was the goal of the experiment.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
APRIL 29, 2016
Why are fintech startups different from other tech startups? Many people would answer regulations, and that’s certainly part of the story. Banks want fintech to be regulated to level the playing field, and fintech companies want regulation to make working with banks easier. But at the Empire Startups Fintech Conference Read More.
Chris Skinner
APRIL 29, 2016
As we start to reimagine the bank, it is obvious that focus on the platform design and user experience is key, as demonstrated by YouTube. A second key factor is recognising that the world has changed thanks to the mobile network.
Independent Banker
APRIL 28, 2016
In addition to spending time with family, Jimmy Rasmussen enjoys sporting activities, including fishing and deer hunting. Photo by Robert Seale. President and CEO for the $543 Million-Asset HomeTown Bank, N.A., in Galveston, Texas. IB: You were recently reelected to serve a second term on the Federal Reserve Bank of Dallas board of directors. Rasmussen: Yes, it is an honor to serve the Group 3 Banks in Texas, southern New Mexico and northern Louisiana for three more years.
PYMNTS
APRIL 30, 2016
A t PYMNTS we get to see and comment on any number of ignition strategies for any number of platforms. Some are brilliant. Most won’t get platforms enough scale since the platforms themselves don’t solve a big enough problem to matter. And then there are those that forgot that free is not an ignition strategy, so just fizzle away. But this week , we observed an ignition strategy that was perhaps the most unusual and, quite possibly, one of the more brilliant examples of creative thinking around
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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
Cisco
APRIL 20, 2016
Authors: Jason Bettinger, Financial Services Business Transformation Director, Cisco Bradley Mason, Vice President, Sentry Performance Solutions, Fiserv Changing technology is driving big changes in consumer expectations – and within the workplace. Financial institutions must transform customer experiences to meet the demands of the future, or run the risk of impacting the bottom-line.
Payments Dive
APRIL 29, 2016
It's time for a look back at April's most-read articles on Mobile Payments Today.
Bank Innovation
APRIL 29, 2016
Brett hosts Kamal Budhabbatti, called the Bill Gates of Kenya to talk about the amazing fintech scene in that part of the world. And Scout Finance Founders- Vivek Nasta and Ariez Dustoor are talking about their work to allow investment professionals to always be able to access their clients information Read More.
Chris Skinner
APRIL 29, 2016
Things we’re reading today include: Turbulent markets hit Deutsche Bank profits Barclays is in need of more of a strategy Lloyds Banking Group reveals surge in buy-to-let lending RBS reports £968m quarterly loss Barclays writes to PPI customers to apologise for failing to send statements Barclays offers PPI refunds to 10,000 RBS admits further …
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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.
Independent Banker
APRIL 29, 2016
Holiday Comradery—Bank of Glen Ullin’s employees celebrate the holidays together. In the back row (from left): Kelly Hoeven, Bruce Morman, Kyle Christensen, Bob Spangelo and Jolene Muscha. In the front row (from left): Renie Krein, Sharon Shafer, Dana Gerving, Mary Sibla and Steph Schantz. Bank of Glen Ullin. Glen Ullin, N.D. ROAA in 2015: 2.49 percent.
PYMNTS
APRIL 29, 2016
In art, form follows function, while in technology, progress follows policy. News that a group of leaders hailing from the finance industry weighed in on regulation in FinTech, stating that collaboration should be a major theme among all manner of players – from startups to the most entrenched big banks – may hint at the shape of FinTech to come. The clarion call came last week from a group of stakeholders that had convened at the World Economic Forum last at Davos in January.
Jeff For Banks
APRIL 30, 2016
In February, Larry Fink from Blackrock sent a letter to publicly traded CEOs to think long term and to stop giving earnings guidance. Specifically, he said "Today's culture of quarterly earnings hysteria is totally contrary to the long-term approach we need." Let's see if bankers are heeding Larry's call on their first quarter earnings call. Christian Bolu - Credit Suisse to Goldman Sachs CFO Harvey Scwhartz: "Tax rate was a bit lower in the quarter, just curious how we should think about the go
Payments Source
APRIL 29, 2016
MagTek CEO Annmarie ‘Mimi’ Hart is eager to witness the potential of futuristic payment technologies, from wearables to ‘edibles’ and ‘injectables.’ But first, she must work with the merchant community to address the shortcomings of today’s approaches to payment security.
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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.
Bank Innovation
APRIL 29, 2016
Regulators have certainly kept a close eye on fintech upstarts. Last month, the Financial Stability Board (FSB) – comprised of 20 world economies – came together in Tokyo to establish a framework and assess the potential of fintech startups “disrupting” traditional banking. Many startups have learned the rule: Go to them, before Read More.
Chris Skinner
APRIL 27, 2016
Things we’re reading today include … FCA sets outs plans to improve debt markets Schäuble takes on bank secrecy in Germany after Panama Papers Barclays profits drop by a quarter Senior Barclays executive denies knowledge of Libor rate rigging Banks rethink prime brokerage Brexit would cost UK households £2,200 by 2020, says OECD Barclays confirms …
Independent Banker
APRIL 28, 2016
Ken Walsh. By Ken Walsh. Ruby Valley National Bank is not much different from other community banks, except our risk threshold is probably higher than most. Serving a marketplace with a population of 7,800, where cows outnumber people by five to one, our community bank has developed strong agricultural lending expertise. Our loan officers are from agriculture backgrounds and keep current on the markets, trends and technology.
PYMNTS
APRIL 29, 2016
When it comes to fighting fraud in payments , one thing is very evident: It can’t be done alone. That’s why there’s more and more partnerships forming everyday across the ecosystem. And why more and more companies are rushing to implement solutions to fight fraud. In fact, as cited by TYSY in a recent report about managing fraud and how to prepare for the 2016 alerts requirements, there’s been a 40-percent decrease in incidents of fraud when cardholders monitor transactio
Advertiser: Data Robot
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.
Jeff For Banks
APRIL 30, 2016
In February, Larry Fink from Blackrock sent a letter to publicly traded CEOs to think long term and to stop giving earnings guidance. Specifically, he said "Today's culture of quarterly earnings hysteria is totally contrary to the long-term approach we need." Let's see if bankers are heeding Larry's call on their first quarter earnings call. Christian Bolu - Credit Suisse to Goldman Sachs CFO Harvey Scwhartz: "Tax rate was a bit lower in the quarter, just curious how we should think about the go
Payments Source
APRIL 29, 2016
IBM has released a set of blockchain cloud services built to meet security and compliance standards for companies in regulated industries — particularly, financial services, healthcare and government.
Bank Innovation
APRIL 28, 2016
In the Pirates with Ties interview series, we are interviewing people who are leading digital transformation and innovation in major Financial Institutions. Natasha Kyprianides, is in charge of Digital banking and innovation at Hellenic Bank, the second largest bank in Cyprus. Their “mobile first” strategic approach debuted with a mobile banking app that cost less than 1/10 the usual app cost and was… Read more Pirates with Ties interview with Natasha Kyprianides of Hellenic Ba
Chris Skinner
APRIL 27, 2016
I need a little time to think about my reimagined financial structure, but some of the basics are already in play such as the idea of thinking about value exchange rather than monetary exchange. Value exchange is based upon the ability to reach the world with a thought.
Advertiser: Trellis
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.
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