Chris Skinner
SEPTEMBER 6, 2017
I don’t usually tell people that I’m a qualified expert in insurance as it’s not relevant, but I’m mentioning it today as I just presented at a private insurance event. There are lots of interesting nuances in insurance. You and I probably think it’s just that once a year renewal … The post InsurTech’s big ticket items: machine learning on the blockchain appeared first on Chris Skinner's blog.
Bank Innovation
SEPTEMBER 6, 2017
EXCLUSIVE – Traditional banks cannot afford to ignore fintechs. What started out as a nascent subsect of the broader financial space is now at the forefront of how people bank. The impact of fintechs on how people bank has not gone unnoticed by The Royal Bank of Scotland, who over the past 18 months under […].
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Payments Dive
SEPTEMBER 5, 2017
There's no denying the discussions happening today about chatbots. They include chatter about artificial intelligence, conversational commerce and voice assistants such as Amazon's Alexa and Apple's Siri.
Abrigo
SEPTEMBER 6, 2017
By John F. Dini, CMBA, CExP Financial buyers, Private Equity Groups and Family Offices, acquire companies based on their Return on Investment (ROI). When the owner of a mid-market company receives an offer from a financial buyer, he or she logically expects detailed due diligence on the business’ assets and income. Once they have proven the numbers shown on the balance sheet and income statement, most owners expect the transaction to proceed.
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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
Chris Skinner
SEPTEMBER 5, 2017
I now think I am a good friend of Pablo García Arabéhéty, CGAP’s Regional Representative for Latin America and the Caribbean. This is, in part, because he’s contributed one of the key pieces I’m using in my new book Digital Human (due for release next Spring), and partly because we met at … The post Financial Inclusion in Mexico: Saldazo’s overnight success appeared first on Chris Skinner's blog.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
SEPTEMBER 8, 2017
Because remittance payments are often driven by an emotional or personal motivation, they cannot be treated in the same way as a normal transaction.
PYMNTS
SEPTEMBER 6, 2017
Although many people equate blockchain technology with the banking and computer worlds, the technology is changing the food landscape as well. Companies like Walmart, Kroger and Nestle recently joined a partnership effort involving blockchain, signaling that the Internet of Things is making its way into Americans’ kitchens. But what hasn’t been so deeply explored is how that technology can help food producers and retail firms collaborate more deeply, helping both succeed and strengthening the in
Chris Skinner
SEPTEMBER 8, 2017
And continuing my shameless self-interest, a little more on the new book … I’ve been musing for a while about inclusivity, and find that the world is truly being transformed as everyone joins the network. It is the theme I present all the time right now, and discussions around M-Pesa, … The post Digital Human (my new book) appeared first on Chris Skinner's blog.
Bank Innovation
SEPTEMBER 7, 2017
Mobile payments processor Square is filing an application to create an industrial loan company with the Federal Insurance Corporation. The move, which will reportedly take place today, will allow Square to own and operate an industrial bank without being subject to regulatory requirements of a bank holding company. Most notably, as an industrial bank, Square […].
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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
SEPTEMBER 5, 2017
Date: September 26, 2017 | Time: 11:00 AM EST | Duration: 1 Hour | Join our webinar to gain essential insights into issues from financial institutions and ATM deployers polled in Fiserv’s Global ATM Total Cost of Ownership survey.
Abrigo
SEPTEMBER 8, 2017
Business valuations of small enterprises can be lucrative for valuation professionals, but the nature of smaller businesses means you need to vet opportunities well, according to Pasquale Rafanelli, CPA/ABV, ASA, CVA, CFE. Rafanelli, valuation manager at Grassi & Co. and a member of the CVA Exam & Grading Committee with the National Association of Certified Valuators and Analysts (NACVA), says it’s critical for valuation professionals to learn as much as possible about the business and t
Chris Skinner
SEPTEMBER 7, 2017
I recently was interviewed for a conference in Miami, and thought you might enjoy the Q&A so sharing … Your book “Digital Bank” published in 2014 included extensive guidance and background on the digital revolution in banking that was taking place. Are changes going at the speed and in the … The post An interview about digital appeared first on Chris Skinner's blog.
Bank Innovation
SEPTEMBER 6, 2017
Automation will play a large part in the future of Frankfurt-based Deutsche Bank, as “a big number” of its staff will eventually be replaced with robots. This according to the bank’s CEO John Cryan, who noted during a banking conference yesterday in Frankfurt that for some employees, particularly those that “spend a lot of time […].
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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.
Payments Dive
SEPTEMBER 7, 2017
A new report being published today by Transaction Network Services (TNS) has revealed that consumers in the US, UK and Australia exhibit different behaviors when using ATMs.
PYMNTS
SEPTEMBER 4, 2017
Barclays, the U.K. financial firm, is having a tough go of it with its new DIY investment website , with customers facing all sorts of problems from not being able to log into accounts to missing transactions. According to a news report in The Financial Times , the new DIY investment website is a replacement for its stockbroking service, with it moving more than 200,000 customers over during the long weekend.
Chris Skinner
SEPTEMBER 4, 2017
I’ve been spending a lot of time travelling around the LatAm markets over the past few years. In fact, I was just at the CIAB FELBAN FIBA conference in Miami that covers this geography and this year saw many firms from Nicaragua to Honduras to Costa Rica attend. But the major … The post The State of FinTech in Brasil appeared first on Chris Skinner's blog.
Bank Innovation
SEPTEMBER 8, 2017
Data leaked from the hack of credit reporting agency Equifax includes the credit card information of about 209,000 of the agency’s customers, according to the company. Equifax, which first became aware of the attacks in July, announced yesterday that the attack had potentially impacted about 143 million customers. The attack exposed data like social 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.
Insights on Business
SEPTEMBER 6, 2017
Today, disruption, change, and competition are the new paradigm for banks. Not only are financial institutions being squeezed by growing costs and continued margin pressure, agile FinTechs are driving an imperative for hybrid cloud banks to become more open and agile in order to offer more compelling services to clients. To address this, banks are moving at lightning speed to find new ways to become more flexible, adapt to new markets and tap into pools of innovation across the fintech ecosystem
PYMNTS
SEPTEMBER 8, 2017
The Software-as-a-Service (SaaS) startup space is no longer in the limelight, but this week venture capitalists put their own spotlight on the industry, providing more than $75 million to four firms in the sector. The companies range from product life cycle management solutions to those that help other SaaS firms retain clients. Plus, backers showed an interest in small business finance and B2B eCommerce.
Chris Skinner
SEPTEMBER 3, 2017
This week’s main blog headlines are … Slow regulations versus fast tech Before 2010, I was writing a lot about technology but it was all heavily geared towards regulations. It was pretty dull, to be honest, but worthy. MiFID and PSD were top of mind, along with Basel III and … The post The Finanser’s Week: 28th August – 2nd September 2017 appeared first on Chris Skinner's blog.
Bank Innovation
SEPTEMBER 5, 2017
EXCLUSIVE — After a year of AI hype, financial institutions seem more interested in building out an open banking ecosystem that actually uses the technology, and less interested in rushing towards an AI “breakthrough” that will revitalize banking. “Banks need to be preparing for the new cognitive world — 2018 is the year we’re going […].
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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.
Bobsguide
SEPTEMBER 6, 2017
Erik Zingmark - Co-Head of Transaction Banking, EVP, Nordea. Let’s be completely open: Europe’s new Payment Services Directive (PSD2) will fundamentally change banking as we know it. Forever. It is not a fad. Life will be different in 2018 when banks are to allow approved third.
PYMNTS
SEPTEMBER 8, 2017
Scientists have discovered that Siri, Amazon’s Alexa and other voice assistant programs can be controlled using inaudible ultrasound commands. The Verge reported news that researchers at China’s Zheijiang University have found that these inaudible commands can be a new cyberattack method for hackers targeting phones, tablets and even cars. To prove their theory, researchers created a program to translate normal voice commands into frequencies too high for humans to hear using harmonics.
Chris Skinner
SEPTEMBER 5, 2017
Things we’re reading today include … Shock stats show banks have sacked 28 people A DAY since 2009 Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal Bank of Scotland receives most complaints – again Has flood of Chinese money really dried up? China regulators target ‘systemic risk’ from money-market … The post Things worth reading: 5th September 2017 appeared first on Chris Skinner's blog.
Bank Innovation
SEPTEMBER 8, 2017
EXCLUSIVE – With its first credit card out today, New York fintech Petal aims to serve the “credit invisible,” according to its CEO and co-founder Jason Gross, by granting credit cards sans credit score. Instead of focusing on credit scores, Petal looks at an applicant’s financial behavior. The consumer’s digital financial profile has three main […].
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.
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