Bank Innovation
FEBRUARY 17, 2016
You might be using a blockchain to order detergent within the next few years. That’s because blockchains, or more properly, distributed ledgers, are likely to be used to authenticate users of IoT devices, according to Chris Skinner, author of the forthcoming book ValueWeb. Skinner told Bank Innovation today that he Read More.
Chris Skinner
FEBRUARY 16, 2016
There’s been a large number of white papers produced recently about Fintech and Blockchain, so I decided to collate the most notable ones here. All links are to file downloads and if I’ve missed any, please let me know.
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Accenture
FEBRUARY 11, 2016
A shared services model can bring a variety of gains to banks and financial services firms. My previous post on this topic outlined some of the positive benefits to be derived from shared services. But shared services models are not. Read more.
Abrigo
FEBRUARY 29, 2016
Two-thirds of bankers in a recent poll said their allowance for loan and lease losses (ALLL) is primarily calculated by only one or two people in the institution, according to Sageworks, a financial information company that provides loan portfolio and risk management solutions to banks and credit unions. Sageworks conducted the poll of more than 600 individual bankers from both banks and credit unions during a recent CECL Workshop webinar in order to determine what problems currently plague the
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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
Payments Dive
FEBRUARY 29, 2016
As new commerce endpoints continue to emerge, issuers must reconsider how to position their strategy and their brand in a digital world, writes Jordan McKee, senior analyst with the 451 Research Mobility team.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
FEBRUARY 16, 2016
Silicon Valley is coming to banking? Nonsense. That happened long ago — just ask Silicon Valley Bank, a financial institution built to serve the world’s center of innovation. Few bankers can claim better knowledge of what the tech giants are up to. Startups, you say? SVB claims it banks a staggering two-thirds Read More.
Chris Skinner
FEBRUARY 18, 2016
I just had an interesting discussion with a banking colleague who has been investing in start-ups. He said that many of the firms begin with a belief that they will succeed because they are not a bank. A business strategy based upon attracting consumers by not being a bank, is not sustainable.
Accenture
FEBRUARY 2, 2016
We are living in the “Age of the Customer,” when technology and economic forces have put customers in control of their interactions with businesses. A recent study of nearly 400 global decision-makers — commissioned by Accenture and conducted by Forrester. Read more.
Insights on Business
FEBRUARY 19, 2016
My engagements with a number of global banks of various sizes over the past several months have been on one common agenda. What should be their strategy for Digital Banking transformation? This is definitely related to the inflection point that the banking industry is today both from their own inability to drive change for rapid digitization and also to address the threat from non-banking firms.
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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
Payments Dive
FEBRUARY 29, 2016
CARDFREE was founded in 2012 to fill the gap in the marketplace for an integrated commerce platform for large merchants.
PYMNTS
FEBRUARY 29, 2016
Bad loans – they’re everywhere! Well, not really. Mostly in the energy sector. Oh, and by the way, autos too, it looks like. The Wall Street Journal reported Monday (Feb. 29) that the banks have got a new sector to worry about, which comes on four wheels. With the caveat that problem loans on banks’ books tied to auto lending are thus far “at an early stage and manageable,” the warning signs are there that trouble may be in the offing.
Bank Innovation
FEBRUARY 17, 2016
Google today relaunched its Google Ideas think tank as Jigsaw, a technology incubator, and the new venture has several projects aimed squarely at some of banking’s thorniest issues. Officially, Jigsaw’s “mission is to use technology to tackle the toughest geopolitical challenges.” But several of those “challenges” confound financial services.
Chris Skinner
FEBRUARY 15, 2016
I don’t get to use the word Kaleidoscope often, so finding this excellent Infographic that includes me and a few friends, gives me the chance to throw it into the blog for a change. After all, this Infographic provides a veritable Kaleidoscope of Fintech. As we all know, Fintech is everywhere.
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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.
Accenture
FEBRUARY 16, 2016
Following my previous blog about Big Data Analytics and Cyber-Security, this second post in my series on payments highlights banks and FinTech hubs as well as blockchain and cryptocurrencies that continue as important priorities for banks. Banks & FinTech Hubs Strong growth. Read more.
Payments Source
FEBRUARY 17, 2016
Matt Taylor, formerly the CEO of Mercury and now group president of integrated payments and emerging channels at Vantiv, shared insights into how his company made the right decisions at the right time.
Insights on Business
FEBRUARY 15, 2016
The IBM Institute of Business Value released a new executive report that discusses cognitive computing in the financial industry. Cognitive computing has arrived and its potential to revolutionize the industry is enormous. With the power to unleash a new era of innovation and growth, cognitive systems are already helping institutions enhance the customer experience, uncover new insights and improve the quality of timely decisions.
PYMNTS
FEBRUARY 29, 2016
Recent data indicate that in the not-so-distant future, the retail marketplace will be employing far, far fewer people — if you live in the U.K. anyway. As of right now, retail employs about one-sixth of retail workers — or around 3 million people. Retailers, however, expect to see that figure fall by 1 million by 2025 as advances in technology, changing consumer habits and increased standards around the minimum wage continue to move around industry-wide trends.
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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
FEBRUARY 18, 2016
No, this is not a Peyton Manning post. New data released today shows that finance ads during Super Bowl 50 performed better than ever. And PayPal, in particular, posted the highest “likeability” score of any finance ad shown during a Super Bowl, according to ACE Metrix. In total, 11% of Read More.
Chris Skinner
FEBRUARY 17, 2016
As David Cameron negotiates a new EU contract in Brussels today, the UK referendum on a Brexit takes place during the summer, with some saying as early as June 23rd. There’s a YES campaign to stay in the Union and a NO campaign to get out.
Accenture
FEBRUARY 10, 2016
Alternative lenders are not so alternative anymore. LendingClub Corp., which once appealed mostly to early adopters, has become a household name. Prosper Marketplace, Inc. has funded more than $5 billion in loans. Goldman Sachs reports that alternative lending could put. Read more.
Bobsguide
FEBRUARY 18, 2016
Why did HSBC cancel plans to move out of London? Was it because large financial institutions can be truly innovative in this fintech hub? Is there a long term future for fintech in the UK? These are the questions that are currently being asked by many within the financial industry and as a result.
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.
Insights on Business
FEBRUARY 19, 2016
My engagements with a number of global banks of various sizes over the past several months have been on one common agenda. What should be their strategy for Digital Banking transformation? This is definitely related to the inflection point that the banking industry is today both from their own inability to drive change for rapid digitization and also to address the threat from non-banking firms.
PYMNTS
FEBRUARY 29, 2016
Costco has been the undisputed leader in its category more or less since the inception of its category, though these days that dominance is fading some as same-store sales growth has started slipping in the last few months. The good — or at least equalizing — news is that Costco isn’t losing customers to its rivals at Sam’s Club, which is clearly not picking up the missing customer base (with its own same-store sales growing at less than 1 percent), or Sam’s parent, Walmart, wh
Bank Innovation
FEBRUARY 16, 2016
ALPHABETICAL LIST Adyen Alipay BankMobile BBVA Digital Asset Holdings Level39 MasterCard Robinhood Silicon Valley Bank Social Finance Venmo WeChat Honorable Mentions | Coolest Brands 2016 Home.
Chris Skinner
FEBRUARY 15, 2016
Things we’re reading today include … HSBC will remain in London after board makes final decision on bank HQ UK banks vulnerable to global shock, economist warns Citi’s top bankers could avoid UK rules Stress and the City: Britain’s bank workers buckle under pressure German poll finds one in three firms would leave UK after …
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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