Chris Skinner
APRIL 5, 2016
This week is #Money2020Europe week in Copenhagen. Considering it’s the first time they’ve run Money2020 over here, it’s pretty impressive to have over 3,500 people attending. I’m chairing a couple of plenary sessions tomorrow with Commerzbank, Tandem Bank and Western Union, and have been tracking events so far.
Bank Innovation
APRIL 8, 2016
Slack is great for messaging, sharing documents, and annoying coworkers with unnecessary emojis — but how about taking care of the odd financial transaction? Nearly 2.5 million people (and, as of this week, including the Bank Innovation team) spend a significant portion of their day on the team collaboration tool Read More.
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Payments Dive
APRIL 8, 2016
Banking giants are moving toward the blockchain at an increasingly aggressive pace. But, are they right for the blockchain? Will their efforts translate into apps? What does it mean for the bitcoin industry?
South State Correspondent
APRIL 4, 2016
If you ever wanted to know the most popular strategic planning initiative for a bank over the last 3 years it is this one – generate more non-interest income. An estimated 30% of banks have this as their focus. The funny part is that despite this being a major conversation and the source of many meetings, most banks don’t take care of the basics. Today, we will highlight the 12 best ways to generate more fee income when it comes to commercial lending (in no particular order).
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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
APRIL 7, 2016
As mentioned I’ve just attended #Money2020Europe where 4,000 folks gathered to listen to great speakers like me. Unfortunately, I didn’t get long to stay at the show for various reasons, but did pick up a magazine about Copenhagen as a FinTech hub.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
APRIL 8, 2016
Richard Buckle, founder and CEO of Pyalla Technologies LLC, wonders how comfortable he'll be without a physical wallet in his back pocket.
South State Correspondent
APRIL 6, 2016
Successful commercial lenders understand how to use commitment letters and proposal letters to their advantage. A proposal letter (or letter of intent) is an expression of interest from the lender before credit approval is obtained. A commitment letter evidences the lender’s commitment to lend and is only furnished after credit approval. Typically a commitment letter will contain some form of the following language: lender commits to provide the loan on, and subject to, the terms and conditio
Chris Skinner
APRIL 8, 2016
I guess my highlight of #Money2020Europe was moderating a discussion between Martin Blessing, CEO of Commerzbank, and Ricky Knox, CEO of UK digital-first start-up Tandem Bank. Really interesting back ‘n forth between ceos of Commerze Bank and Tandem Bank. #Money2020Europe pic.twitter.
Bank Innovation
APRIL 4, 2016
Western Union is diversifying. Its main business, cross-border peer-to-peer payments, faces significant threat of disruption, and rightly so — these payments can be expensive, slow, and far from transparent. Western Union is among the world leaders in the market, moving $75 billion in 2015, some 15% of total consumer remittances. But Read More.
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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
APRIL 5, 2016
One security expert gives his predictions about what we'll see in this industry going forward.
South State Correspondent
APRIL 4, 2016
Here at CenterState Bank, we have a tactical initiative to look at rebranding our bank. This is potentially a 6-month project and the plan is to chronical this journey over a 5 part series on this blog. As part of this series, we will make our process, project plans, surveys, focus group data and other elements of the process available to any bank that wants to think about rebranding in the future.
Chris Skinner
APRIL 4, 2016
Like a few other guys, I fly around the world almost non-stop. When people ask me where I live, I say British Airways lounge, and George Clooney’s Up in the Air looks like a novice to me. Yet, even with all of that experience, you now and again encounter an anomaly. China for example.
Bank Innovation
APRIL 8, 2016
Regions Bank teamed up with online marketplace lender Avant Inc. to provide customers with a streamlined loan application and underwriting “experience,” the companies announced this morning. Beginning in the second half of 2016, customers can apply for an unsecured loan on the Regions Bank website through the Avant platform, which will carry Read More.
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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
APRIL 7, 2016
The marketplace is designed to integrate with existing mobile applications; an API gives partners' app users access to the company's premiere mobile rewards marketplace representing more than 100,000 merchant locations nationwide.
Abrigo
APRIL 6, 2016
“The hardest thing in the world to understand is the income tax.” –Albert Einstein We could list many other amusing quotes about taxes and tax season. You can probably think of a famous quote right now. Tax season, as accounting firms know, is not just busy. It's the busiest time of year. Escaping this nonstop flight to April 18th can feel impossible.
Chris Skinner
APRIL 3, 2016
Our main stories of this week includes … Pussy Galore OK, I see weird things everywhere. Last week in Japan … But even the Japanese cannot beat the guys in the Middle East.
Bank Innovation
APRIL 4, 2016
Of the more than 250,000 people who have pre-ordered a Tesla 3 in the last three days, one guy stands out. That guy is Mason Borda, a software engineer at BitGo, a bitcoin security firm. Borda uniquely has figured out how to pay for his $1,000 Tesla 3 reservation with bitcoin — 2.413612 bitcoins, Read More.
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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.
Payments Dive
APRIL 6, 2016
Boston-based bitcoin company Circle has officially received an electronic money license from Britain. With this license, Circle will be able to work with big banks on money transfers.
PYMNTS
APRIL 5, 2016
Uphold isn’t a bank, and it’s aiming to disrupt the traditional financial services industry. But traditional FIs are an essential partner for the firm. Last week, Uphold announced a partnership with India’s IDFC Bank, a move that allows Uphold’s business and consumer customers to conduct cross-border transactions to and from the home of the world’s fastest-growing economy.
Celent Banking
APRIL 4, 2016
Liquidity management has recently begun to assume increasing importance as four key external forces create turmoil in a historically placid section of corporate treasury. The most significant regulation affecting liquidity management is Basel III, along with others such as money market fund reform. Taken together, they’re changing the way banks structure their balance sheets and the relationship between business customers and their banking partners.
Bank Innovation
APRIL 6, 2016
The branchless financial institution Ally Bank is expanding its offerings with the upcoming acquisition of TradeKing, a wealth management platform, announced yesterday. Ally had floated this ambition back in February. Ally has been adding to the functionality of its mobile app at a fast clip recently. Just last month, the bank announced the Read More.
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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.
Payments Dive
APRIL 8, 2016
With iZettle integration, bills totaled by TouchBistro are automatically processed using the iZettle iPad chip-and-PIN or contactless card readers.
PYMNTS
APRIL 6, 2016
There is an ancient piece of wisdom that dictates one should either go big or go home, and according to recent reports, Stuart Sopp has no intention of going home. Instead, he is looking for the firm he founded — Current — to become the first digitally native global bank. Big dreams, especially for a firm that is currently acting as a money transfer service for Slack , a workplace (and increasingly small group) messaging service.
Celent Banking
APRIL 7, 2016
With today’s news comes the interesting development that the FBI has apparently used a “tool” acquired from an unnamed third-party white hat security firm to gain access to the locked iPhone of one of the San Bernardino shooters without requiring Apple’s cooperation. This issue had been the subject of a recent tug-of-war between Tim Cook and the US Department of Justice.
Bank Innovation
APRIL 5, 2016
This week, with Money 20/20 in town, the gaze of the world’s fintech watchers is centered on Copenhagen, Denmark. It seems the Danish city has charmed its fintech-hungry visitors. Although the hashtags for #money2020europe have reached 1.7 million Twitter users in the last three days, #Copenhagen has reached 3.2 million. That dwarfs the amount Read More.
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