Sat.Dec 29, 2018 - Fri.Jan 04, 2019

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How financial institutions are embracing blockchain

Payments Dive

What's holding the blockchain back? What can make it more secure? Panelists at Financial Services Data Security Summit, sponsored by Thales and Networld Media Group, shared thoughts on these issues.

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The Impact of Technology on Banking: Revolution or Evolution?

Bank Innovation

For quite a long time, traditional brick and mortar banks only had to worry about making money and being profitable. All that is changing due to emerging technologies. The banking industry is facing many unprecedented challenges due to the rise of financial technology companies. Industry-leading operators, as well as ambitious startups in the banking scene, […].

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2018 Data Breaches: The List No One Wanted To Make

PYMNTS

So far this year (and there’s still one more day), Verizon reported that there have been 2,216 confirmed data breaches across 65 countries. Even more disturbing, perhaps, is that 68 percent of those breaches took months for the breached companies to discover. If that’s not disturbing enough, 28 percent of those incidents were perpetuated by insiders.

Data 230
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5 security threats to watch in 2019

Payments Source

As consumers grow more attached to mobile devices for e-commerce and payments, fraudsters are intensifying their focus on handsets with new phishing, vishing to SIM-swap tricks.

Security 156
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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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Top 10 most read mobile payments articles of 2018

Payments Dive

As we close out the year 2018, we present a look back at the most read articles and contributor pieces related to the mobile payments industry.

Mobile 255

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2019: Big Payment, Commerce And Tech IPOs Loom On The Horizon

PYMNTS

Tech companies are taking more time to reach their initial public offerings, with the median gap between their early financing and their IPOs hitting 10.1 years in 2017, up from 6.9 years in 2013, according to a recent estimate. A robust supply of private capital reportedly is one of the main reasons for that, along with corporate cultures that are averse to public markets.

Payments 223
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Fintech partnerships necessary for legacy bank survival

Bobsguide

Partnerships with fintechs is necessary to create the “best of both worlds” approach - which customers will demand in 2019, according to Currencycloud’s CMO and head of product, Todd Latham. “Customers expect a broad range of services from their bank, and they trust them.

Fintech 139
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Risk management in the cloud: A strategic imperative

Insights on Business

For financial institutions, the benefits of moving away from legacy in-house systems to the cloud are obvious. A cloud environment offers financial institutions greater speed and agility than their current environments. But while mobile devices give us great power and convenience, they also create new security and privacy challenges. Financial institutions face a similar dilemma – while moving to the cloud makes sense for a number of reasons, it also presents a new set of challenges.

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The State of Cryptocurrency in 2019

Bank Innovation

It was a tough year for cryptocurrencies. Over the past 12 months, Bitcoin – the most popular cryptocurrency – lost more than 70% of its market capitalization and Ethereum lost more than 80% of its value, according to digital currency exchange Coinbase. Bitcoin, specifically, which was trading at almost $20,000 at the beginning of the […].

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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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mPOS At 37,000 Feet

PYMNTS

With the global mobile point of sale (mPOS) market projected to experience a compound annual growth rate (CAGR) of 18.8 percent from 2017 to 2026, many solution providers are looking to use partnerships as a boost to snag a bigger share of the growing market. Around the mPOS space, providers are teaming up, merging or making acquisitions. In the January mPOS Tracker , PYMNTS charts the latest developments.

Software 220
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The Robinhood Checking Account Was Doomed To Fail

Ron Shevelin

The failed Robinhood checking/savings account was out of touch with how consumers manage their money these days. It would have failed if it had been launched.

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GDPR to become a more global phenomenon in 2019

Payments Source

As perhaps the world's most wide-reaching, comprehensive data protection rule, the General Data Protection Regulation is having a ripple effect that almost seemed inevitable.

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Citizens Bank’s Matt Richardson to Speak at Bank Innovation Ignite

Bank Innovation

Citizens Bank‘s Matt Richardson, head of product solutions, is speaking at Bank Innovation Ignite 2019 in March. The event will take place March 11-12 at Seattle’s Hyatt Olive 8 Hotel. You can join the event by registering here. On the New Interactions in Payments panel, Richardson will be addressing the role that voice, text and image […].

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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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In 2019, Mobilize The Commercial Card: JPMorgan

PYMNTS

While commercial card innovation certainly accelerated in 2018, progress can always continue. One area of development that J.P. Morgan Managing Director and Head of Commercial Card Product Management Naney Pandit says should be a focus this year is in mobilizing the corporate card. It’s not altogether an unfamiliar concept, of course. Much attention has been paid to mobile business payments in the fleet sector in particular, with Comdata launching its mobile app, Comdata OnRoad, that links

Mobile 211
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Overcoming the challenges of enabling e-money programmes | fintech podcast

Bobsguide

In this Fintalk podcast, Transact Payments, W2 Global Data and Global Processing Services (GPS) discuss the challenges of launching a prepaid e-money programme. Listen to the podcast or read the full transcript below. Transcript. Hello and welcome to this Fintalk podcast. Today.

Fintech 109
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Tesla stock on a blockchain offers hint of where crypto's headed

Payments Source

A digital exchange opening next week will enable investors to trade in companies including Apple Inc., Facebook Inc. and Tesla Inc. outside of the U.S. even when the stock markets are closed.

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5 Companies that Made Fintech Noise in 2018

Bank Innovation

Bank Innovation’s five picks for companies that made noise in fintech this year may not include any banks, but it does include a company owned by a collection of them. Indeed, as far as innovation is concerned, 2018 was the year of the fintechs and nonbanks -- some friendlier to the traditional players than others. […].

Fintech 199
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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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Corporates Step Up To Welcome AI, Blockchain

PYMNTS

In a recent report published by Protiviti and North Carolina State University, analysts found just how important technology and innovation are becoming for corporate executives. Their December 2018 survey found “digital readiness” to be the c-suite’s top priority for 2019, with executives also reflecting their concern that the biggest risks their companies face are intensifying.

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How is the government shutdown impacting the federal banking agencies and consumer financial services regulators?

CFPB Monitor

The CFPB and the federal banking agencies—the FDIC, Fed, and OCC— remain open during the government shutdown as their funding does not come from congressional appropriations. However, the shutdown has resulted in the closing of the FTC. Also closed during the shutdown are many HUD operations and activities. Certain lending-related operations will continue during the shutdown such as the endorsement of FHA-insured loans (with the exception of Home Equity Conversion Mortgages and Title I loans)

FDIC 107
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Fintech is pushing B2B payments to get ‘personal’

Payments Source

The payments process isn’t about just checking a box or signing a check anymore; it’s about cultivating genuinely beneficial relationships for all involved that build trust and drive growth, writes Ravi Thakur, senior vice president of business acceleration at Coupa.

Payments 122
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Most Bank Website Content is ‘Inaccessible’ to Average Americans, Study Finds

Bank Innovation

A new study by software provider VisibleThread found that 58% of nearly 5,000 pages of website content for 50 U.S. banks is “inaccessible” to the average American. Even the most readable websites studied were more difficult to read than Moby Dick, the report said. Jargon, complex language, long sentences, and excessive use of passive voice […].

Study 186
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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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2019: The Year Of Instant Payments

PYMNTS

Here’s a 2019 prediction that we guarantee will come true: There will be no human being or business adamantly hoping to be paid slower in 2019 than they were in 2018. We also guarantee that this prediction will hold, regardless of who one is talking about or the use case to which it pertains. That could be the small merchant wanting access to their daily sales on the same day instead of seven days later, the dad who just sent $100 to his college-age kid to buy food for the weekend, an Uber drive

Payments 198
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Slow progress in research market sees pre-Mifid conduct continue

Bobsguide

Despite significant rules designed to unbundle research costs within the asset management industry - which came into force under the second Markets in Financial Instruments Directive (Mifid II) - many of the behaviours undertaken before the directive have continued, says Chris Turnbull,

Marketing 101
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The biggest changes coming to the point of sale in 2019

Payments Source

Despite years of advancements in mobile and online payments, the physical point of sale remains still ripe for disruption.

Mobile 143
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5 Fintech Companies to Watch in 2019

Bank Innovation

Acquisitions, partnerships and the roll-out of various new products and services made 2018 a very active year in banking and fintech. But was it all just setting the scene for an even busier 2019? Here are Bank Innovation's 5 companies to watch this year, selected by editors' choice, in no particular order: PayPal This payments […].

Company 186
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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.