Sat.Sep 29, 2018 - Fri.Oct 05, 2018

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The digital divide: inclusion must not create exclusion

Chris Skinner

I have one slight concern as we go cashless, having experienced it myself. You cannot go cashless if it does not include everyone. I had this experience in China. Arriving on a Sunday lunchtime at the Holiday Inn Express hotel, I successfully checked in and had a nice room with … The post The digital divide: inclusion must not create exclusion appeared first on Chris Skinner's blog.

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Mobile Payments 101: Retail

Payments Dive

The world of mobile payments has changed significantly over the past decade – and particularly over the past few years as smartphones and other mobile devices have become ubiquitous. In this report, we will review some of the main themes and trends in the mobile payments market.

Mobile 359
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How Seacoast Bank is Leveraging Robotics Processing Automation for M&A

Bank Innovation

A Florida bank known for its growing number of acquisitions, explains how robotics processing automation (RPA) has aided in their growth strategy. Seacoast Bank headquartered in central-Florida, with $5.9 billion in assets, has acquired eight banks in the last four years. Jeff Bray, Seacoast Bank's chief operating officer, told Bank Innovation that Orlando-based fintech, EnableSoft, […].

Florida 186
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Augmented Reality Growth Fueled by Chinese Investments

PYMNTS

One of the new realities of augmented reality is this: the technology is attracting more investment from China than from sources in North America. This trend happens as activity around AR heats up, with major players in the digital economy apparently positioning themselves to profit as the retail-friendly tech move every closer to mainstream popularity.

Apple 197
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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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What is digital transformation?

Chris Skinner

We talk about platform companies, and many use the famous TechCrunch quote to illustrate this: Uber, the world’s largest taxi company, owns no vehicles. Facebook, the world’s most popular media owner, creates no content. Alibaba, the most valuable retailer, has no inventory. And Airbnb, the world’s largest accommodation provider, owns no real estate. … The post What is digital transformation?

Retail 370

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Advancing Innovation in the Global Financial Services Industry

Insights on Business

IBM RegTech Innovations. Advances in artificial intelligence (AI), blockchain, and cybersecurity are poised to transform the financial services industries. These technologies bring capabilities that speed risk modeling, automate fraud detection, ensure regulatory compliance, enable distributed trust, and protect sensitive financial information. Mounting pressures on financial institutions to drive out costs, improve customer experience, complete with emerging players, and comply with new regulat

Industry 155
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Bitcoin Daily: VCs Plow $3.9B In Crypto Ventures; Coinbase Taps Charles Schwab Advisor For Board

PYMNTS

Crypto research site Diar claims that startups in the digital currency and blockchain space have notched roughly $3.9 billion in funding via venture capital (VC) investments, CoinDesk reported. The figure, which represents investments over the first, second and third quarters, marks a 280 percent jump from all of last year. In addition, the report noted that the average size of investments in the blockchain and crypto space rose by $1 million this year.

Bitcoin 196
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Research lays bare the banking issue

Chris Skinner

A new study of the 50 largest banking groups in the UK and Europe has revealed that although profits have increased, future profitability is at significant risk. The UK & European Banking Study (EBS), shows that banks are operating in unstable market conditions fuelled by unsustainable profit-taking, crisis level valuations … The post Research lays bare the banking issue appeared first on Chris Skinner's blog.

Study 294
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Mobile carriers will have large role to play in IoT, payments with 5G

Payments Dive

Video, gaming, AI, robotic, AR/VR platform CIOs and CTOs looking to embrace newer digital transformation solutions should look holistically within the mobile infrastructure ecosystems, and tag the mobile telecom operator as a strategic partner.

Mobile 341
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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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Data: Do consumers trust chatbots?

Payments Source

Banks and merchants are rapidly deploying chatbots for answering basic account questions, shopping and accessing the internet of things. But new data suggests consumers don’t fully trust chatbots yet with payment account details and personal information. Here’s a look at what consumers think of chatbots and why it matters.

Data 133
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As The Dawn Of 5G Nears, Will It Be All That?

PYMNTS

5G is coming. Now if we can just figure out what it’s good for. That’s a little bit unfair, but it does reflect some of the talk around the mobile connectivity standard. What types of business will it support? What will emerge as the “killer use case” for payments and commerce? As one observer put it: “The fifth generation of connectivity, pithily called 5G, will be ready for prime time later this year.

Mobile 194
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If you think it’s evolution and not revolution, think again

Chris Skinner

Another regular argument I’m having is whether digital is a revolution or evolution. I firmly believe it is revolutionary. When industries are being rebuilt from the ground-up with new technologies and new business models, then it is a revolution. When we are living in an age where every human on … The post If you think it’s evolution and not revolution, think again appeared first on Chris Skinner's blog.

Industry 278
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How Apple's update may turn the payments space on its head

Payments Dive

Recent changes to how Apple deals with the NFC chip in the iPhone and Apple Watch presents a world of opportunities.

Apple 401
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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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The digital payment crime threat portends a fintech/regtech alliance

Payments Source

Financial-crime risks, properly mitigated, are business opportunities. Fintechs that recognize this can gain a competitive advantage, according to Julie Myers Wood of Guidepost Solutions and Gemma Rogers of Fintrial LTD.

Fintech 121
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Bitcoin Daily: Ripple Surges, Chinese Billionaire Dumps Blockchain

PYMNTS

Ripple (XRP) has overtaken Ethereum within the last 24 hours, with a 7 percent surge in price for a market valuation of $24.28 billion. According to CCN , this is the third time this year that Ripple has moved past Ethereum, with each time occurring in the second half of September. But with the market cap of Ethereum only slightly below that of Ripple — combined with the weak volume of XRP — it is likely that Ethereum will regain its position as the second-most valuable cryptocurrency soon.

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Ten years of payments changes: a lookback

Chris Skinner

I was recently asked by TSYS to write a piece celebrating ten years of payments changes, as they are celebrating their ten year birthday of ngenuity, TSYS’s payments magazine. So I wrote something. Here’s your starter for ten: To commemorate the past 10 years of ngenuity, we wanted to look … The post Ten years of payments changes: a lookback appeared first on Chris Skinner's blog.

Payments 264
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Podcast Episode 12: The Rise of Digital Identity with Equifax Mobile Strategy Leader, Hrishi Talwar

Payments Dive

Host Will Hernandez, discusses the rise of digital identity, how mobile affects the digital identity, with Equifax Mobile Strategy Leader, Hrishi Talwar.

Strategy 262
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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 future of payments is autonomous and invisible

Payments Source

Payments will melt into the wider commerce experience and create new incremental value for consumers, according to Brendan Miller, a principal analyst at Forrester.

Payments 125
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Curve Aims To Become The Amazon Of Banking

PYMNTS

An Amazon of banking? That’s the description — perhaps clichéd but still apt — applied to FinTech firm Curve , which is on the hunt for $50 million in fresh capital, according to recent comments made by CEO Shachar Bialick to CNBC. The Amazon comparison came from Bialick, who also said that the three-year-old firm is looking to become more of a platform for services from various providers, explaining why it has not applied for a banking license.

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Things worth reading: 2nd October 2018

Chris Skinner

Things we’re reading today include … Euro slides after Italian lawmaker mentions return to own currency Tesco Bank fined £16.4m by watchdog over cyber-attack Policymakers share blame for the shadow banking boom Turkey arrests 417 for transferring foreign currency abroad City boss on board of conservation charity pictured with slaughtered … The post Things worth reading: 2nd October 2018 appeared first on Chris Skinner's blog.

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Enterprise cloud strategy: When itâ??s time to move from on demand to dedicated cloud 

Bobsguide

On demand clouds have created new business models and changed companies' IT strategies. For many applications and workloads there are alternatives which better suit the individual "use cases" Every few months, a study is published that examines to what.

Strategy 114
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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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Voice payments get mainstream resources but niche adoption

Payments Source

The potential for voice payments is massive and drawing significant attention from developers. But limited use suggests it's not ready for prime time.

Resources 119
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Ripple Heads Up New Crypto Lobbying Group; Pays In XRP

PYMNTS

Ripple , the blockchain startup, is heading up a new cryptocurrency lobbying group called Securing America’s Internet of Value Coalition. Coindesk , citing a Business Standard report late last week, reported the companies behind the lobbying group also include the RippleWorks Foundation ; Coil , a company developing a solution for digital payments; Hard Yaka , an investment firm focusing on digital assets; and PolySign , a company seeking to be a crypto custodian.

Groups 192
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Things worth reading: 1st October 2018

Chris Skinner

Things we’re reading today include … Digital start-ups complain they’re being frozen out of £775m RBS remedies contest City minister vows to defend London London’s online trading groups hit by European crackdown Overseas banks push for tax cuts ahead of Brexit How the IMF can manage the global economy better … The post Things worth reading: 1st October 2018 appeared first on Chris Skinner's blog.

Taxes 192
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Fintechs scale up to take on incumbents

Bobsguide

The great unbundling of the financial services industry continues in earnest as new market participants enter with increasing frequency. Their stated goal is to solve the problems that incumbent services are either too lethargic to handle or simply unable to provide. But it might be too easy.

Fintech 114
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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.