Bank Innovation
OCTOBER 26, 2017
EXCLUSIVE—If banks want to remain a large, foundational part of the future financial system, they’re going to have to start working a bit harder on the open banking ecosystem, Marten Nelson, co-founder and VP of marketing for Token, told Bank Innovation. “Banks have to play on both sides as well, they do need to develop […].
Chris Skinner
OCTOBER 23, 2017
Today, I received a guest post from David Demar, cryptocurrency disciple, author and a writer for NoStop.net. I really liked what he sent through and thought it worth a share as it complements quite a bit of what I’ve covered in the last week. Enjoy! Preparing for the Coming Crypto Revolution … The post Preparing for the Coming Crypto Revolution appeared first on Chris Skinner's blog.
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Payments Dive
OCTOBER 26, 2017
Contextual commerce is an emerging trend in the payments and retail industries that executives are still trying to figure out due to some confusion over the concept.
PYMNTS
OCTOBER 23, 2017
On Monday (Oct. 23), Mastercard announced news of the launch of Mastercard Consumer Control, which allows consumers to view where their credit card information is stored online. The program is an API that displays where payment details are kept, allowing cardholders to understand how that information is being used. “As digital payments continue to evolve, cardholders have more and more options to enable new types of devices for payment and to pay in new ways online and in-app,” said Jessica Tur
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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
Bank Innovation
OCTOBER 25, 2017
EXCLUSIVE – First comes Uber, an on-demand car service, then UberEATS and now a credit card? Yes, that’s right, the car service app has teamed up with U.K. bank Barclays to launch its own credit card. “Obviously this has been a long process, but the idea to have our own credit card was something we […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
OCTOBER 23, 2017
The payments industry needs a better barometer for how it measures success with mobile payments in the U.S. as the calendar approaches a new year.
PYMNTS
OCTOBER 26, 2017
The Overstock.com subsidiary, tZERO , is planning to launch an initial coin offering (ICO), according to news from CNBC. The company wants to raise up to $500 million through sales of the new digital currency. Overstock.com is one of the most significant investors in the blockchain technology on which digital coins are based. The site accepts bitcoin as a form of payment and ranks among Google, Citi and Goldman Sachs as some of the major players in the cryptocurrency space.
Bank Innovation
OCTOBER 24, 2017
EXCLUSIVE – It is not everyday that a new tool for banking at the infrastructure level is introduced, but that is exactly what Finspace has unveiled today. The new tool, a beta of which is being made available today, is called Finspace, and it serves as a pipeline between banks and businesses for the exchange of […].
Chris Skinner
OCTOBER 24, 2017
I just hosted the money2020 banking session. There’s a lot I could write about from that session, but I’m going to cherry pick a few highlights and begin with the part that got the most activity from the audience: the mobile first start-ups. This was a session where five FinTech … The post Most start-ups are layering new tech on old bank products (#Money2020) appeared first on Chris Skinner's blog.
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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
OCTOBER 27, 2017
As easy as it might be to perceive a yawning divide between mobile banking and more traditional, physical banking at the branch and ATM, it's becoming increasingly clear that these channels can function in harmony and complement one another.
PYMNTS
OCTOBER 27, 2017
Earlier this month, NovoPayment , a digital finance and transactions firm, announced news of the launch of its Developer Hub, one of the first such platforms servicing Latin America, according to a press release. NovoPayment, based in Miami, offers financial and transactional services through a cloud-based platform, the company said. Its clients include banks, financial institutions and others throughout the Americas.
Bank Innovation
OCTOBER 27, 2017
U.K.-based bank HSBC experienced a glitch earlier this morning that locked some customers in the region out of their accounts, with customers then taking to Twitter and other social media to complain. Detected early this morning, the glitch left the bank’s customers unable to get into their online or mobile bank accounts, with attempts to […].
Chris Skinner
OCTOBER 26, 2017
I’m running around the different areas of #Money2020, meeting folks, seeing exhibit demos, hearing track streams and listening to plenary keynotes. To be honest, the keynotes here are just product pitches so I spend most of my time in the track streams, where real dialogue occurs. The major stream that … The post Regulating the blockchain: good for government, bad for citizens appeared first on Chris Skinner's blog.
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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
OCTOBER 22, 2017
Souheil Badran, president of Alipay North America, spoke Sunday at the annual Money20/20 conference in Las Vegas to give attendees the current bird's-eye view of Alipay's operations outside of China.
PYMNTS
OCTOBER 23, 2017
If the promise of mobile payments is speed and convenience, delivering on the promise – and turning it into practice – is a bit tougher. Small screen, small window of time to get the transaction done. Session timeouts? You’ve had ‘em, no doubt, perhaps fumbling through passwords and shipping address details. The idea of commerce anytime, anywhere may give way to frustration anytime, anywhere.
Bank Innovation
OCTOBER 26, 2017
EXCLUSIVE – Blockchain-based rental payments platform Rentberry is looking to raise $30 million in an Initial Coin Offering (ICO) next month, Bank Innovation has learned. The ICO is set to take place on Nov. 30, Rentberry CEO Alex Lubinsky told Bank Innovation at Money 20/20 in Las Vegas. Based in California, Rentberry is a home rental service that […].
Chris Skinner
OCTOBER 22, 2017
I just attended the Money2020 opening session where Jennifer Bailey, who heads up Apple Pay, made a series of statements and announcements about the three-year anniversary of Apple Pay. Released on October 20, 2014, the wallet is now used extensively in the USA and 19 other countries, including newly added … The post The latest on Apple Pay (#Money2020) appeared first on Chris Skinner's blog.
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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
OCTOBER 23, 2017
Well… They are both wanted by customers and needed by banks. Most customers (even those who don’t visit branches) still want to see a branch of their bank in the neighborhood. One may use mobile for daily cash and payment transactions, but one’s financial needs are much more than the routine transactions. To most customers, branch is where they get services when things go wrong or are too complicated to resolve remotely.
PYMNTS
OCTOBER 25, 2017
On Wednesday (Oct. 25), TSYS reported earnings results that showed organic revenue growth across its payments processing and card segments. TSYS earnings came in at $0.88 a share on an adjusted basis, $0.07 better than Wall Street predicted, and revenues on a net basis were up 8 percent to $852.7 million. Of that top line, Issuer Solutions was 46 percent of the tally, Merchant Solutions 33 percent and Netspend the remainder.
Bank Innovation
OCTOBER 27, 2017
EXCLUSIVE— Is Google looking to become a fintech power? The company, which reported strong results for its third quarter yesterday, seems to be expanding its focus on finance, specifically on platforms that integrate or otherwise support payments and mobile technologies in its many markets. For instance, while Google did not release numbers for its mobile […].
Chris Skinner
OCTOBER 24, 2017
Another great #Money2020 day, and this one spent mainly in the blockchain stream. Adam Lutwin, CEO of Chain who I referred to recently, kicked off the day with a beginners guide to the crypto world. It was real good. That was followed by a panel moderated by Marc Hochstein, former … The post Blockchain’s slow burn to reality … appeared first on Chris Skinner's blog.
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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
OCTOBER 26, 2017
Trends in the trader workplace. Business and IT managers making decisions about trading floor design and infrastructure face three major trends which are impacting needs assessment and resource allocation: stricter regulation, the evolution of the role of the human trader, and cost pressures.
PYMNTS
OCTOBER 27, 2017
Hackers are using virus-infected consumer computers to generate bitcoin, according to news from The Wall Street Journal. Unknowing users may be having their processing power commandeered to mine the virtual currency. Cryptocurrencies need large computer networks to process transactions, and users are encouraged to join the network through the promise of newly minted digital currency.
Bank Innovation
OCTOBER 25, 2017
Central banks in the growing fintech hubs of Hong Kong and Singapore have inked a business cooperation agreement that will foster innovation between joint fintech projects, the Hong Kong Monetary Authority said. Both hubs will work towards joint innovation projects, business, and information sharing according to a speech made by Norman Chan, CEO for the […].
Chris Skinner
OCTOBER 22, 2017
This week’s main blog headlines are … Why bankers only see horses and technologists are creating cars I was at a large bank’s wealth management conference recently, where the CEO was being quizzed about various areas including a lot about technology and FinTech. He made several statements that I noted … The post The Finanser’s Week: 16th October – 22nd October 2017 appeared first on Chris Skinner's blog.
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