November, 2017

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FIS Opens Its API Portal and Invites Banks & Fintechs to Come Play

Bank Innovation

EXCLUSIVE— Financial services technology provider FIS will use its new API portal to help banks and fintechs alike develop new capabilities, partnerships, and innovations, Rob Lee, chief product officer for FIS, told Bank Innovation. “There’s a variety of services available [on the platform]—mobile banking, customer acquisition services, we tried to hit on a wide spectrum […].

Fintech 368
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Introducing Exscudo

Chris Skinner

I’m involved in quite a lot of start-ups, ICOs and funds these days, and recently started a mini-series of interviews with them, as I think it will be of interest to readers of my blog. In the second of this series, I’m interviewing Andrew Zimine, CEO and founder of Exscudo. Hi … The post Introducing Exscudo appeared first on Chris Skinner's blog.

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Security experts: Exposed data increases cyber risks

Payments Dive

Cybercrime presents a serious threat and companies have a lot of work to do to reduce their vulnerability. Fortunately, there are resources available to assist them in the effort.

Security 246
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UPS Hits Retailers With Holiday Shipping Fee Surprise

PYMNTS

With the holiday shopping season in full swing, retailers are facing a new challenge: extra shipping fees during the busiest weeks. The Wall Street Journal reports that United Parcel Service (UPS) is adding on a surcharge to packages shipped to homes around Black Friday and the week before Christmas in a move to compel retailers to send their orders outside those peak periods.

Retail 217
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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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Can fintech deliver the personal touch in banking?

Bobsguide

Humans are social creatures. We crave interaction and attention. We like to be treated as individuals and not as “a number” For example, you feel better when you are recognised at your favorite restaurant or when you are addressed by your name when flying on a plane or when a hotel.

Fintech 163

More Trending

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4 Startups to Watch: Templum, AppZen, NKM Capital, and More

Bank Innovation

EXCLUSIVE- With mobile banking, artificial intelligence, cryptocurrency, and other modern banking tools on the rise, the emergence of new players in the fintech space is a daily occurrence With that in mind, here are five startups to keep an eye on this week: Templum ICOs, or Initial Coin Offerings, are growing more and more popular […].

Capital 356
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Will Sweden be the first cashless country?

Chris Skinner

As Sweden was the first European country to use cash for payments back in 1661 [link] it’s unsurprising that it’s the first European country that wants to be cashless. This is why, for several years, I’ve been watching the regular speeches by Lars Nyberg, Deputy Governor of the Sweden’s central … The post Will Sweden be the first cashless country?

Payments 306
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Black Friday: Mobile payments sputter at the physical POS

Payments Dive

Despite the less-than-stellar numbers for in-store, proximity-based mobile payments, Cyber Monday set a record for mobile-based remote payments.

Mobile 279
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Building A Faster, Safer Network On The Blockchain

PYMNTS

When it comes to business, it’s no secret the competition is fierce. But in an increasingly interconnected world, even competing companies need to collaborate. Rival banks and financial institutions (FIs) need to work together to serve customers and transfer money between banks. Car dealers need parts from competing suppliers and manufacturers to keep repair shops and vehicles running without a hitch.

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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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How open banking and APIs are changing Mastercard's business strategy

Bobsguide

This interview was originally published on our sister website PaymentEye. James Anderson is Executive Vice President of Digital Payment Products at Mastercard. Based in New York, he leads his multi-national team to redefine the way the business examines the emerging payments.

Strategy 155
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Latin America's showing the world the benefits of e-invoicing

Payments Source

It may seem weird or even risky at first, but e-invoicing not only reduces tax fraud, but also makes life easier for small businesses, writes Diego Caicedo, CEO of Portal Finance.

America 126
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Banks Should Take Advantage of API Opportunities Before They’re Gone, FI.SPAN Says

Bank Innovation

EXCLUSIVE—Banks need to start integrating with more fintech services and building out more products through APIs, FI.SPAN CEO Lisa Shields told Bank Innovation, before regulations on open banking start to cramp what FIs can build. “What we are betting our business on, is that there is a massive opportunity for banks to innovate,” Shields said. […].

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Does digital transformation actually matter?

Chris Skinner

I regularly talk about BBVA (Spain) and DBS (Singapore) as banks that are doing the right things for digital transformation. They both started early, have a leadership team who are committed and have been driving down this road with results. Results in terms of awards and recognition within the technology … The post Does digital transformation actually matter?

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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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Merchants can beat the Black Friday blues with faster payments, safer data

Payments Dive

While this period brings great opportunity for retailers, it also creates considerable challenges. Retailers must respond to evolving behaviors and manage huge increases in footfall, but still deliver the exceptional in-store experience consumers demand.

Data 244
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Real-Time Payments Successfully Gets Through Its First Test Drive

PYMNTS

The U.S.’s first new payment and clearing system in more than 40 years is up and running. At 4:59:40 p.m. on Monday, $3.50 was moved between accounts at two different banks (there was only one customer with two bank accounts) via RTP, the name for a new “Real-Time Payments” system set up by The Clearing House. All in all, the transfer took three seconds — as opposed to the hours or days more typically associated with an ACH transfer.

Payments 193
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The influencer interview: Chris Gledhill cuts through the hype around AI, blockchain and Big Data

Bobsguide

Chris Gledhill, CEO of Secco Aura and frequently referenced as one of the top 10 fintech influencers, speaks to bobsguide about going beyond 'incremental innovation' towards genuine, irreversible disruption. How did you get into banking? I started off on the tech side with a.

Big Data 149
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Reviving Personalized Banking with Transaction Data

Insights on Business

Digital transformation is one of the biggest shifts in core banking fundamentals in the past few years – and for more reasons than you might realize. Before digitization, banking was done solely in the local branch. Bankers worked with their customers face to face, building relationships by learning about each individual customer and their unique life situation.

Data 117
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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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Fintechs Are No Threat to Banks — But Amazon and Alibaba Are

Bank Innovation

The biggest threat for the banking sector is not fintechs. No, according to a recent report by McKinsey, that would be non-banking companies such as Amazon and Alibaba. The report refers to these companies as “platform companies” and calls them the “new heavyweight competitor(s) in town,” for the banking sector. Based on information gathered from […].

Fintech 333
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We still need bank branches

Chris Skinner

For many years we have had discussions about bank branches and a branchless future. I personally don’t believe in a branchless future, but many do. And yes, there are many branches disappearing, much to the annoyance of those who lose that physical store. For example, America still has a large … The post We still need bank branches appeared first on Chris Skinner's blog.

America 292
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Money20/20 trends: AI, 'everyday commerce' and security

Payments Dive

The bright lights of Las Vegas have gone out on Money20/20 for another year. As always, the event brought together the biggest names in payments and provided unprecedented insight into the future of financial services.

Las Vegas 239
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Investors Tap Into The Promise Of High-Tech Data Analytics In The Enterprise

PYMNTS

It was a busy time for B2B venture capital this week, and while funding ranged across verticals from expense management to SaaS, there was a clear theme in investment rounds: high-tech data analytics. Startups deploying machine learning and artificial intelligence (AI) capabilities are focused on improving corporate processes — from identifying fraud to testing software to managing employee effectiveness.

Analytics 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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Money 20/20 2017: Five key takeaways

Bobsguide

The annual Money20/20 conference in Las Vegas this year explored key themes and topics shaking up the payments industry. Highlights included keynote speeches from Dan Schulman (CEO, PayPal) and Julie Sweet (CEO, Accenture North America), track sessions exploring how the payments industry requires.

Las Vegas 144
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6 ways the iPhone X changes mobile payments

Payments Source

The iPhone X is a very different type of smartphone, shedding much of Apple's familiar hardware design and adding new, unproven features. Here are some of the ways the iPhone X is changing mobile payments.

Mobile 111
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What’s Next for SWIFT? APIs, Realtime Payments, and Cryptocurrency

Bank Innovation

EXCLUSIVE–With global payments service SWIFT gpi (global payments innovation) finishing up its first active year, how is SWIFT planning to push the service forward in 2018? The banking infrastructure provider will be moving gpi forward through new partnerships and new projects, most notably API capabilities, Stephen Grainger, managing director, head of North America for SWIFT, […].

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The compelling case of Alipay and Christmas

Chris Skinner

We hosted ePassi at our recent launch of Nordic Finance Innovate (NFI) in Helsinki, Finland. ePassi are the partner firm of Alipay, bringing the app to Finland to allow Chinese tourists to pay easily when travelling via Finland to Europe. It’s been very successful as it was initially launched to … The post The compelling case of Alipay and Christmas appeared first on Chris Skinner's blog.

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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.