Sat.Feb 17, 2018 - Fri.Feb 23, 2018

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Why bitcoin is not a ‘fraud’ or ‘bubble’, but something you should take seriously

Chris Skinner

Unless you have been asleep for the last year, you cannot have failed to catch the buzz around bitcoin and other cryptocurrencies such as Ethereum’s Ether and Ripple’s XRP. There are even some coins that were created as a joke that are getting significant investments, such as Dogecoin. Dogecoin was … The post Why bitcoin is not a ‘fraud’ or ‘bubble’, but something you should take seriously appeared first on Chris Skinner's blog.

Bitcoin 393
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BNP Paribas Opens Fintech Investment Fund

Bank Innovation

French bank BNP Paribas has launched a new fund to invest in fintech startups, the bank announced today. The amount of the fund was not disclosed. The fund will be managed by BNP Paribas’ Capital Partners, and will be taking minority stakes in financial services and insurance startups, the bank said. It will also be.Read More.

Fintech 332
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Mobile payments prompt retailers, card networks to innovate

Payments Dive

Karen Katz, former president and CEO of Neiman Marcus Group, and Visa CEO Alfred Kelly shared insight, expectations and strategy during a panel talk at the NRF Big Show in January on boosting the retail mobile commerce customer experience.

Retail 272
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Omnichannel Gifting: Because Digital Isn’t Enough Anymore

PYMNTS

There are few verticals where business is a guaranteed — basically just food, healthcare, and funerary services. And even those spaces are changing. Then there’s gifting. People have always given gifts and probably always will. But they don’t always give the same gifts in the same way. As Jifiti Co-Founder Yaacov Martin sees it, every gift involves three parties: the initiator, the recipient, and the vendor in the middle who’s fulfilling the gift.

Cards 187
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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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Ever wondered what a digital human looks like?

Chris Skinner

I know that I could get boring so won’t labour this one over and over again, but for people attending Eurofinance in Miami in May or Money 2020 in Singapore in March, I have great news for you! Both events are going to be promoting and launching my new book, Digital … The post Ever wondered what a digital human looks like? appeared first on Chris Skinner's blog.

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More Trending

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Panera, Wayfair hone in on mobile commerce

Payments Dive

Wayfair is hot for mobile as it's allowing the retail home furnishing seller to drive an enhanced customer experience that is proving rewarding for the bottom line. Fast casual Panera is also benefiting from the mobile tech evolution and new digital tools are paying for themselves in terms of sales growth.

Mobile 246
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Banks To AI: Less Artificial And More Human

PYMNTS

The banking world is racing to get smarter via artificial intelligence (AI), but how can intelligence that’s artificial stack up to human expertise and the demands of human consumers? . To tackle this issue, companies are looking to infuse AI with a bit of humanity, help consumers better connect with computer-operated services and offer improved insights.

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Excuse me, but would you like this chip in your vein or your brain?

Chris Skinner

Lots of people talk a good talk about the internet of things and how my washing machine could now make purchases but my question is: what would my washing machine want to buy? More powder and some salt maybe? A replacement for the dish that just broke? An intelligent washing … The post Excuse me, but would you like this chip in your vein or your brain?

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How VC Firm Magma Partners is Tapping Into the Untapped Chilean Fintech Market

Bank Innovation

EXCLUSIVE — With government-backed initiatives and a finite business of copper export, Nathan Lustig, co-founder and managing partner at Magma Partners, saw huge potential in the Chilean fintech market. Lustig points out that only 30% of Chileans have credit cards, while only 50% have bank accounts, “and that’s the more advanced population,” he said.

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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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Zelle 'scam' reveals the need for consumer responsibility

Payments Dive

Bottom line: don't do business with people on Craigslist unless you meet them in person.

Meeting 320
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AI Puts Fraudulent Credit Card Testers To The Test

PYMNTS

This is not a test. Beware the credit card test. There may be no escaping credit card fraud, as it comes in one form or another. Overall, one subset of card fraud is on the rise: Last year, Radial’s eCommerce Fraud Technology Lab said credit card testing was up triple-digit percentage points on an annualized basis. Credit card testing is a way the bad guys use stolen card data to make sure an account is valid.

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Everything you need to know about bitcoin

Chris Skinner

I’m often asked how bitcoin works, where to buy them and how does it relate to blockchain and differ from ethereum, etc, etc. I was going to write a blog about it but Daniel over on Invest in blockchain beat me to it. He has also kindly let me republish his blog … The post Everything you need to know about bitcoin appeared first on Chris Skinner's blog.

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Japanese Cryptocurrency Exchanges Report 669 Cases of Money Laundering

Bank Innovation

Japan’s cryptocurrency exchanges have reported a total of 669 suspected money laundering cases to the country’s National Police Agency, according to a report by Nikkei Asian Review. Japanese cryptocurrency exchanges have been having a rough time lately with a major hack ($550 million) and some major technical glitches – one that almost cost one exchange.Read More.

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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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Global Managed Connectivity | Reach Banks, Acquirers, Processors, Payments Community | TNSConnect

Payments Dive

TNSConnect from TNS provides secure, fully managed, resilient connectivity for the transmission of credit, debit, gift, loyalty, eCommerce and other transaction types. Download this product sheet for an overview of this end-to-end service.

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Half Of Payments Executives Are Focused On Peer-To-Peer (P2P) Payments

PYMNTS

With the advent of emerging FinTech startups, banks face some competition for payments. When a consumer or a company wants to send a payment, they can now do so instantly from their smartphone with services such as Apple Pay or Venmo. As a result, banks are investing in and engaging with FinTech startups to grow their customer base and their market share.

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Money laundering is most likely to wash with your local estate agent

Chris Skinner

Someone pointed out to me that when I wrote about the wealth divide, a lot of the property investing is not your average John or Jane, but a lot of money launderers. I wrote a while ago that there is $1.6 trillion of money laundered worldwide every year, and only … The post Money laundering is most likely to wash with your local estate agent appeared first on Chris Skinner's blog.

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Wells Fargo Has No Plans to Ban Cryptocurrency Purchases on Its Cards

Bank Innovation

EXCLUSIVE – Wells Fargo will not be joining some of the other big banks in banning its customers from purchasing cryptocurrency with their credit/debit cards, Bank Innovation has learned. Wells Fargo, senior VP of senior vice president, design and delivery leader in the Innovation Group at Wells Fargo told Bank Innovation in a recent interview.Read More.

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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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The role of the regulator in enabling blockchain adoption

Bobsguide

bobsguide sat down with CEO of Smart Valor and 'Bitcoin Queen' of Switzerland, Olga Feldmeier. Olga explicitly outlines the real use cases of blockchain and digital cryptography and how smarter regulation can promote innovation. She also predicts the roadmap to bank disintermediation in the.

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Happay Adds To Series B For Expense Management Tech

PYMNTS

India expense management company Happay secured more funding after its Series B round, according to an unnamed source cited by VCCircle on Friday (Feb. 16). The publication said Happay raised about $250,000 from Cupola Venture Opportunities, which placed the funding last December. The investment follows a Series B funding round that raised $10 million, also announced last December; that investment was led by Sequoia Capital, while Singapore’s Axiom Capital, a private equity fund, and AME Cloud V

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The Finanser’s Week: 12th February 2017 – 18th February 2018

Chris Skinner

The main blog headlines are … Will platforms replace governments? I often talk about my week in Hangzhou last year, writing the case study on Ant Financial for the new book Digital Human, and particularly the words of Jack Ma on how he sees managing the Alibaba platform: Management. The … The post The Finanser’s Week: 12th February 2017 – 18th February 2018 appeared first on Chris Skinner's blog.

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Female Leaders Take The Fintech Scene To New Heights [SPONSORED]

Bank Innovation

In recent years, women have made great strides across the sectors. Today, many countries like The United Kingdom, New Zealand, Germany, Norway, Chile, and New Zealand have elected women as the head of state. In Rwanda, 49 of the 80 parliamentarians are women. In the corporate world, while men continue to dominate certain sectors, women.Read More.

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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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Why borrower experience will be the principle driver of bank revenue in the lending market

Bobsguide

The benefits of improving customer experience in financial services continue to accelerate, particularly as the percentage of Millennials occupying the marketplace continues to increase. Today, banks’ core target customers are not only increasingly tech savvy, but also are used to functioning.

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Soldo Links Into Faster Payments Via Starling API

PYMNTS

Expense management firm Soldo is accelerating the pace at which companies can send money and receive payment via an API integration with Starling Bank. The companies announced news on Tuesday (Feb. 20) that Soldo is looking to provide real-time management and control of corporate expenses. Integrating with the challenger bank gives Soldo its own sort code and account number, the firms explained, further automating the movement of company cash.

Payments 143
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Things worth reading: 19th February 2018

Chris Skinner

Things we’re reading today include … UK banks facing further big hits for US fines, PPI payouts, and Carillion collapse RBS looks to be in the money – but looming fine may put paid to that Eyes wide shut: the $1.8 billion Indian bank fraud that went unnoticed A crucial … The post Things worth reading: 19th February 2018 appeared first on Chris Skinner's blog.

Fraud 193
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Cash is Vanishing so Fast Sweden is Worried

Bank Innovation

Cash is disappearing so quickly in Sweden that government officials are now worried about the effect its cashless society could have on the banking infrastructure. This is according to a report on Bloomberg, published yesterday, where several banking and government officials in the country expressed concerns about the rapid disappearance of cash in the region. […].

Regional 273
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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.