February, 2017

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12 Coolest Brands in Banking 2017

Bank Innovation

What Amazon did with “Just Walk Out” stores was cool. Snap’s Spectacles – also interesting. Some may argue that Pokemon Go had a good run too. Those innovations may seem cool to the wider public, but we – the fintech-obsessed – dig deeper to uncover the underlying coolness within mainstream Read More.

Branding 367
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The importance of building mobile payments with the right POS in mind

Payments Dive

As the mobile wallet ecosystem continues to grow and expand, there are still several barriers to entry in the restaurant industry that are making it difficult to increase consumer adoption and employee execution.

Mobile 356
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The FinTech Wave, Part One

Chris Skinner

I wrote a blog the other day for The Next Web. I thought it was ok, and it has gained a lot of traction socially. Apparently, people like it and here I’m going to expand upon the basic theme to give a detailed analysis of how FinTech wings are spreading. There’s been a lot of talk about fintech lately. We talk about the billions of dollars being invested in fintech; the wave of unicorns and start-ups in this space; the challenge they bring to banks and incumbents; the way in which they are reac

Fintech 342
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Why The Enterprise Was Wrong About Public Cloud

PYMNTS

Enterprise cloud adoption is reaching new heights thanks to maturity of the technology and newfound trust among corporates of cloud infrastructure. A new report by Intel Security , released today (Feb. 13), uncovers some promising trends for cloud technology in the enterprise: Greater trust in the tech overall, especially in public cloud infrastructure, are both apparent in the survey’s results.

Security 195
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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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Everything you want to know about blockchain but were too afraid to ask

Bobsguide

Blockchain has created a huge amount of buzz in the financial services industry since its official debut into the market in 2009. The question of when blockchain will go mainstream is yet to be answered, but there is constant speculation around the topic. However, the technology has been widely.

More Trending

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Starling Bank Integrates API into Google Home [VIDEO]

Bank Innovation

Mobile-first Starling Bank released a video today showing off an integration of its API with a Google Home device. The feature is not available for Starling customers yet, though it’s coming, according to Megan Caywood, chief platform officer at Starling Bank. Caywood told Bank Innovation: Voice features are primarily going Read More.

Video 345
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How emerging payments technologies are changing the fast food industry

Payments Dive

Careful consideration of the advantages and disadvantages of each available payments option will enable restaurant owners to find the one that best meets the needs and preferences of their diners.

Industry 283
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Most thinking about poverty is wrong

Chris Skinner

There are basic human needs: food, drink, sleep … wifi. Once those are covered, everything else is supplemental. It’s not needed. It’s just stuff you want. If you can eat, drink and sleep comfortably, what else is there? I only ask this question because I was thinking about what we value, and realised that we all value different things. You might collect Britney Spears memorabilia which, to me, is worthless.

Examples 303
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Bitcoin Tracker: Up, Up And Away?

PYMNTS

Is there an alternative, profound French phrase or two that can describe what investors have seen this week with bitcoin? Because “déjà vu” no longer seems to cut it. Bitcoin is quickly headed toward fresh three-year highs after jumping up over $100 in value since last week’s tracker. After breaking through the $1,000 mark (again) at the beginning of February, bitcoin decided to stick around.

Bitcoin 194
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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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10 UK fintech companies to look out for in 2017

Bobsguide

The fintech industry has seen tremendous growth in last decade. The sector now supports over 61,000 jobs and turns over billions in revenue for the British economy. The UK has grown in stature to be a global hub on the fintech stage, in terms of investment, employment and the number of fintechs in.

Fintech 115
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Predicting the Near Future: Launching MEDICI’s FinTech Foresights Report

Let's Talk Payments

No, we are not talking about clairvoyance. LTP is known for breaking new grounds in terms of technology coverage in financial services. We wrote some of the early papers/posts on.

Report 111
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We Sent Money to the U.K. with TransferWise Messenger Bot, Here’s What Happened

Bank Innovation

Facebook Messenger’s chatbot horde just got a new member: Say hello to the TransferWise Bot. The U.K.-based TransferWise now allows users to make international transfers through a Messenger bot, which the unicorn developed through its pre-existing API. Currently, the bot lets users send money to and from the U.S., the U.K., Australia, Europe, and Read More.

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Inside the mobile-only, on-demand market (and gig economy), Part I

Payments Dive

Mobile apps such as Postmates and Uber have become the blueprint for great customer experiences. But what is it like to be on the other side of such services, particularly Postmates?

Mobile 210
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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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An interview with Tom Blomfield, co-founder of Monzo

Chris Skinner

The first job Tom Blomfield (left in photo) ever had was delivering leaflets for estate agent Wilson Heal. He lasted one day in the cold December rain before convincing the guys that leaflets were old school and they really needed a website, which Tom then built and still exists today. That opened up the world of the internet, as well as entrepreneurship, for him.

Study 283
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Standard Chartered Launches Banking API Portal

PYMNTS

Standard Chartered is hoping to fuel innovation by giving developers access to banking technology. The bank announced late last week that it is rolling out the Open Banking API Developer Portal that will enable developers to play around with banking technologies, first with a focus on transaction banking and cash management. Standard Chartered said it will look to wield the solutions created by developers on the platform for the bank’s own businesses.

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The latest research into digital banking's future: Four key takeaways

Bobsguide

Earlier this month Juniper Research published a white paper titled Futureproofing Digital Banking 2017, in which it highlights its research data focused on the current state of the digital banking industry, and projects the future dependency of financial services on this growing market. Here are.

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A Look Into Global Post-Trade Blockchain Adoption

Let's Talk Payments

Half of Distributed Ledger Technology Professionals Forecast Global Post-Trade Blockchain Adoption in Between Three to Five Years Blockchain will become adopted in the financial post-trade area in three to five.

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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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Banking Apps Synced With Your Car, Next Up

Bank Innovation

It has been a busy few months for IoT and in-car payments. IBM and Visa sealed a partnership to connect 20 billion devices by 2022, while Jaguar and Shell showcased fuel payments tech in the U.K. Honda and (again) Visa had their take on in-car payments at CES 2017 last Read More.

Payments 339
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The persistence of traditional payments among digital natives

Payments Dive

Marketing strategies devised for millennials by older generations have been based on bad intuition, poorly curated data, and unquestioned, incomplete assumptions. That leads to bad guesses. When you're designing banking and payment systems for your next generation of customers, bad guesses can be expensive.

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GAFA have already opened banks … just not in America

Chris Skinner

I heard a rumour the other day. The rumour goes something like: are you not surprised that banks grow into big beasts, as it’s government supported? Governments want banks to be big and regulated, because governments can then access the data the bank is keeping about their clients. IT’s access to data for tracking financial flows and movements that is at the core of government interests here.

America 262
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Linking Cross-Border B2B Payments Across Cloud Platforms

PYMNTS

Considering the mind-bending level of competition in the FinTech space today, the rise of the API may raise some eyebrows. After all, if a company has worked so hard to develop some type of financial technology, why would they want to lend that technology out to just about anyone? But the rollout of APIs from financial services and technology giants like Standard Chartered and Citigroup is a chance for the FinTech space to achieve greater levels of collaboration and innovation.

Payments 189
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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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MiFID II: Q1 2017 updates you need to know

Bobsguide

David Woolcock - Director of Business Consulting, Eurobase Banking Solutions. The first month of 2017 started the countdown to the implementation of MiFID II and associated regulations. As the finer details emerge (including some Q&As from ESMA over the festive break around best execution.

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RegTech Companies in the US Driving Down Compliance Costs to Enable Innovation

Let's Talk Payments

Regulatory and compliance issues are some of the most important, complex and resource-consuming problems to solve for any organization, especially for startups with limited resources. Over decades of development, regulatory.

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U.S. Bank Wants To Remove Passwords From Login in 2017

Bank Innovation

Customer authentication processes at banks have evolved from mere security questions and “date-of-birth” kind of passwords. Biometrics and behavioral analytics are taking over banking apps for good, and U.S. Bank, recognizing that, has set a target: removing passwords “altogether” from the login process in 2017, according to Jason Witty, the Read More.

Analytics 333
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Do stores need new hardware to keep taking Mastercards? The answer is not so simple

Payments Source

Thousands of U.S. merchants are still holding out against EMV because they see no immediate threat from counterfeit card fraud, and business goes on. But a less obvious change in payment card acceptance may finally force them to upgrade.

Fraud 100
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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.