Sat.Jul 02, 2016 - Fri.Jul 08, 2016

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The 6 biggest trends in #Fintech today

Chris Skinner

When someone sends me something interesting, I can’t help but share it so this insight from Susan Visser came at just the right moment. Susan and I have exchanged various ideas over the years, so here’s her view of the key Fintech trends. Summary Data is having a tremendous impact on customer experience, and through enhanced insight … The post The 6 biggest trends in #Fintech today appeared first on Chris Skinner's blog.

Trends 284
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Mobile wallets: Where do I keep my receipts?

Payments Dive

David Salisbury, the vice president of sales and marketing Star Cloud Services, discusses a pressing issue in this industry: the lack of digital receipts in all mobile wallets.

Mobile 278
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TD Bank Revamps Mobile App with ‘20 New Features’

Bank Innovation

TD Bank’s U.S. mobile customers just got a major app upgrade. Tablet users, your upgrade is coming in the fall, Bank Innovation has learned. TD’s iOS users (finally) have the option to skip the passwords and make use of Touch ID. Customers also got a greater transfer functionality, allowing them to Read More.

Mobile 268
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Philippines-Based Bitcoin Remittance App Enters US Market

PYMNTS

Abra , the bitcoin remittance app, has made its way to the U.S. — via the iPhone and Android app options. What that means is that Abra customers in the U.S. or the Philippines can send money to each other using the app’s digital wallet that works with their bank accounts. The company noted in its release that this is the first move in helping it expand globally.

Bitcoin 144
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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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The best blockchain research papers, Q2 2016

Chris Skinner

I’ve published a few summaries of the best of blockchain research earlier this year (February and March). There’s been a load more since, but Brave New Coin has curated a nice summary of all those that came out in the last quarter. As they publish my content sometimes, here is their list (click on the titles to see the reports): … The post The best blockchain research papers, Q2 2016 appeared first on Chris Skinner's blog.

More Trending

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Amazon Alexa, Facebook Messenger on Wells Fargo’s Roadmap

Bank Innovation

Wells Fargo & Co. is keeping busy on the digital payments front this summer. In late May, the bank announced it will launch a mobile wallet in the coming months. Last week, the bank joined the clearXchange realtime payments network, and will offer instant P2P payments starting August 1. Ahead of the Read More.

Mobile 265
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Brexit. Eventually. Possibly.

Celent Banking

What did Britain say to its trade partners? See EU later. It’s been a funny week or two to say the least, so it seemed apposite to start with a joke (and we’re not talking about the England vs Iceland result! – the Icelandic commentator is worth a 30sec listen.). The UK woke up to find that it was leaving Europe. Given the legendary British reserve, stiff upper lip, etc., it is quite incredible just how divided the country has become, and how everyone has an opinion.

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The case for bitcoin (or something like it)

Chris Skinner

I can remember a few years ago that the UK pound was almost at the level of being valued at $2. Two dollars to the pound. Amazing. I brought a lot of American stuff that year. Yesterday, I bought something and it was $1.30 to the pound. Shoot. The dinner for $100 that a few … The post The case for bitcoin (or something like it) appeared first on Chris Skinner's blog.

Bitcoin 240
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June 5 for 5: Execs discuss the problem of cart abandonment

Payments Dive

It's time for a look back at June's most-read articles on Mobile Payments Today.

Mobile 170
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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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Is ‘Buy with Facebook’ Finally Coming?

Bank Innovation

Whatever happened to the “Buy with Facebook” button? Back in 2014, Stripe confirmed that it was working with Facebook on a “Buy” button for the social media giant. From Recode: Facebook first began testing a “Buy” button within the News Feed in July [2014], and payments startup Stripe has been tasked Read More.

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Why Paris Has A Heart For FinTech

PYMNTS

In this week’s edition of PYMNTS’ Weekly Tech Center Roundup , we find ourselves back in Europe, where Brexit is all anyone can talk about. But we are heading to France, where the country’s capital city is making a name for itself as a booming tech center. Before we jump into the post, here are a few quick facts about Paris and its tech scene: Paris has an estimated population of 2,241,346.

Fintech 121
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Four big buckets of banking change, and the implications therein

Chris Skinner

I sat through a discussion of FinTech last night. The theme was how FinTech is changing the business model of banking and a bunch of bankers focused upon the issue. From the dialogue, there were clearly four big buckets of change: Regulations and how they impact the incumbents and the challengers Data and the permissibility … The post Four big buckets of banking change, and the implications therein appeared first on Chris Skinner's blog.

Fintech 240
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Passwords Suck – Bring on Biometrics!

Celent Banking

Now that I have your attention. Let me be clear: I hate passwords, particularly when they are increasingly required to be longer, more complex and frequently changed. Apparently, I am not alone in this sentiment. At a conference in 2015, a small start-up, @Pay , a low-friction mobile giving platform, offered attendees a free t-shirt in return for seeing a brief demo.

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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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Blockchain in Auto Finance Coming Up Next

Bank Innovation

The R3 CEV blockchain consortium has a new member that’s not like the others. Last week, Toyota Financial Services announced it has joined R3’s consortium to explore distributed and shared ledger tech for potential applications in auto financing. TFS is the first captive to collaborate with the more than 50 of Read More.

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A Roadie For Everyone

PYMNTS

When the average person confronts broken bathroom tiles, they can be expected to go through something like the five stages of grief described by Elizabeth Kubler-Ross: denial, anger, bargaining, depression and acceptance. The important part is that the average person gets to that last phase, acceptance, and resigns themselves to ordering new tiles and hoping for a better outcome.

Oregon 117
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Banks are doing something good (for a change)

Chris Skinner

We spend much of our time berating the banks and beating them up, but it’s not always the case. Every now and again, I like to write about the specific good that banks do. For example, 5 of the top 10 Charitable Companies in the USA are banks: Wells Fargo (#3), Goldman Sachs (#4), JPMorgan … The post Banks are doing something good (for a change) appeared first on Chris Skinner's blog.

Examples 232
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Hack Us and We'll Pay You: The Case for Using Bug Bounty Hunters

Payments Source

PayPal, Western Union and others who have paid hackers to scrutinize their applications say bug bounty programs are an effective way of making apps more secure.

US 113
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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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Open Letter to the OCC: Make Real Innovation Possible

Bank Innovation

A trifling blogger on banking innovation writes to the Office of the Comptroller of the Currency, despite its historically apathetic view on such matters.

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Is Lyft Preparing To Sell?

PYMNTS

Ridesharing firm Lyft has been getting ready to capitalize on investor desire to delve into transports and has been exploring raising additional funding or even selling itself to outside interests, Reuters has reported. The newswire said that the firm has been working with investment bank Qatalyst Partners, which is based in Silicon Valley. Reuters cited unnamed people familiar with the dialogue.

Capital 113
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The Finanser’s Week: 20th June – 3rd July 2016

Chris Skinner

Here are our key posts for the past two weeks … What would Brexit mean for the UK financial services industry? I just discovered a really interesting legal view of the implications of the Brexit vote on the UK Financial Services sector. It was in a magazine by Mayer Brown, a law firm, written by … The post The Finanser’s Week: 20th June – 3rd July 2016 appeared first on Chris Skinner's blog.

Industry 190
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Merchants in Legal Hot Water After EMV Shift

Payments Source

Merchants are facing consumer lawsuits stemming from the introduction of EMV-chip card security at the point of sale in the U.S., exposing the issues many stores must contend with now that they are held liable for fraud and chargebacks.

Fraud 102
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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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Can Facebook Messenger’s Two New Security Features Help Banks?

Bank Innovation

Facebook Messenger is increasing its security in a bid to be your primary messaging app — and maybe your primary banking app, too. A limited number of Facebook Messenger’s more than 900 million users gained access to two new security features today: end-to-end encryption, meaning only the sender and recipient can view Read More.

Security 218
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Vending Machines Are Retail’s Newest Frontier

PYMNTS

It was only a decade or two ago that you’d be laughed out of the room for suggesting someone buy clothes or shoes online without trying them on first. Now that that barrier has fallen, though, might there be opportunities to sell more traditional products in nontraditional spaces ? Dawn Dickson thinks so, and she had something of a proof of concept in Flat Out of Heels , her company that sells rollable flats out of vending machines aimed at the female consumer who can’t spend another

Online 112
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Things worth reading: 8th July 2016

Chris Skinner

Things we’re reading today include … World faces deflation shock as China devalues yuan at accelerating pace Brexit could deliver ‘significant’ blow to eurozone, ECB warns Four ex-Barclays traders jailed for Libor fraud Five U.S. investment banks offer support for London after Brexit vote RBS and Lloyds upgraded as analysts see bottom of the market … The post Things worth reading: 8th July 2016 appeared first on Chris Skinner's blog.

Fraud 184
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Artificial intelligence in banking – a pain in the bot?

BankNXT

Luis Rodriguez asks the question, are you ready to bring artificial intelligence to your bank via bots? Artificial intelligence in banking – a pain in the bot? on BankNXT.

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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.