Bank Innovation
SEPTEMBER 27, 2017
Fintechs are partnering with banks, banks are using blockchain technology, artificial intelligence, and cryptocurrency and financial regulation is still undergoing massive changes. Challengers to traditional banking, payment, and loan products have all launched this year, and FIs are fighting fraud, hacks, and scams with an increasing number of biometric security measures. 2017 has been a […].
Payments Dive
SEPTEMBER 29, 2017
B2B businesses are typically older, running on what they know and what’s come before them. As a result, the $6.7 trillion B2B e-commerce opportunity remains largely untapped – and payments represent an important part of that untouched territory.
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Chris Skinner
SEPTEMBER 29, 2017
This is my wife. She doesn’t know she’s appearing on my blog today, but it doesn’t matter because she doesn’t exist. Well, she does physically but, according to my bank, she doesn’t exist. I only discovered this recently, due to trying to open a new joint investment account. To open … The post My fictional partner appeared first on Chris Skinner's blog.
Accenture
SEPTEMBER 24, 2017
These are exactly the sort of words that would make you launch your phone into the nearest river, if they had been uttered by Siri. Fortunately, they are the fictional words of HAL 9000, the sentient artificial intelligence system in the 1968 Stanley Kubrick film, A Space Odyssey: 2001. It told the story of a mission to Jupiter and the gradual realisation of the human crew that the perfect piece of AI designed to help them, was in fact fallible, and plotting against them to preserve its existenc
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Bank Innovation
SEPTEMBER 29, 2017
There’s been a lot of discussion in the banking industry about open APIs that can enable different software technologies to work together with the promise of spurring innovation and shortening time to market for new services. It’s the right conversation to be having, but it tends to overlook the inherent challenges in banking software. If […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Chris Skinner
SEPTEMBER 26, 2017
I find more and more people are starting to understand that digital is a transformation project, not just an adjunct to business as usual. But there needs to be more of them. We can liken most people’s thinking about digital in banking for example, to the thinking within the media … The post The digital transformation journey appeared first on Chris Skinner's blog.
Accenture
SEPTEMBER 26, 2017
In my view, electronic payments will accelerate dramatically over the next decade, driven by the “atomization of payments.” New business models are emerging, enabled by technology, resulting in increased transactions that will scale and scale. We are fast moving from batch to real-time transactions, with payments made continuously from bank accounts.
Bank Innovation
SEPTEMBER 25, 2017
The United Kingdom is one of the largets fintech hubs of Europe, so it is only fitting that U.K. businesses are taking advantage of the benefits the industry has to offer. One of those major benefits is cutting costs. According to a survey conducted by London-based business finance company MarketInvoice, released today, U.K. businesses that […].
Payments Dive
SEPTEMBER 28, 2017
It was a small sample size, but participants at a consumer panel at last week's Bank Customer Experience Summit in Chicago revealed their preferences for mobile P2P services.
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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
SEPTEMBER 27, 2017
I just hosted Jamie Woodruff, the Ethical Hacker, at our Nordic meetings in Oslo and Stockholm. He’s always got some good stories to tell, like how he uses your children’s toys to listen to your conversations or pretending to be a waiter at the hotel restaurant to catch all the … The post Don’t trust anyone appeared first on Chris Skinner's blog.
PYMNTS
SEPTEMBER 29, 2017
Amazon has sold $1.6 million in Whole Foods products in the first month since acquiring the national grocery chain. According to news from The Wall Street Journal , this is one of the first infusions of cash the eCommerce giant has delivered to Whole Foods through its website. Amazon completed $500,000 in online grocery sales in the first week after it started offering Whole Foods’ “365 Everyday Value” products, according to One Click Retail eCommerce data.
Bank Innovation
SEPTEMBER 28, 2017
EXCLUSIVE— With the help of APIs and other technologies, U.S. banks are mastering the use and sharing of data, but the next challenge is going to be even more technical. To move forward, financial institutions are going to have to take a closer look at the user experience, Eric Hazard, CEO for fintech venture capital […].
Payments Dive
SEPTEMBER 29, 2017
Bodega's social media firestorm will help educate the automated retailing industry and the technology community about the need to be direct with the public on important forthcoming changes.
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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202
Chris Skinner
SEPTEMBER 25, 2017
My good friend Slava of Life.SREDA has just written a book called The First Fintech Bank’s Arrival. You can buy it for 9,99$ on Amazon or download for free on www.ariv.al. He’s also shared a chapter with me, and I thought it interesting so here is to sharing. Fintech for the … The post Fintech for the Snapchat generation appeared first on Chris Skinner's blog.
PYMNTS
SEPTEMBER 25, 2017
Is the app marketplace dying a slow death? Consumers have certainly gotten past the novelty phase, with more than half of U.S. smartphone users downloading a grand total of zero new apps each month. So, does that mean consumers are moving on, or simply that they are expecting more from apps and their developers? If it’s the latter, what will it take to hold their attention – more visibility from the Apple App Store ?
Bank Innovation
SEPTEMBER 26, 2017
Cash is on its way out, but are bitcoin and other virtual currencies on their way in? Well, maybe. About 9% of American consumers believe that their children, or future generations, will be paying for things in the future with virtual currency, according to a poll of 875 participants conducted by LendEdu. Cash, unsurprisingly, was […].
Bobsguide
SEPTEMBER 29, 2017
The financial industry continues to shift at a fast pace, impacted by disruptive fintech and regtech, as well as new complex global regulations and a diversified challenging business environment. As a result the costs associated with complying with financial compliance and risk mitigation are.
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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.
Chris Skinner
SEPTEMBER 28, 2017
I’m going way, way back in time to when I was a mere youngster in finance. Yes, there were planes, trains and automobiles back then you insulting, poisonous bunch-backed toad. Anyways, back then, I did a business process analysis of one of the country’s largest financial firms and I still … The post How the world has changed … appeared first on Chris Skinner's blog.
PYMNTS
SEPTEMBER 29, 2017
What’s better than being able to boss Alexa around at home? How about being able to boss her around everywhere else, too? It’s becoming possible with hearables — and no, that’s not a typo. Hearables may be the next big wearables if the voice activation trend continues the way it’s been going. The world already has Bluetooth earpieces and wireless earbuds.
Bank Innovation
SEPTEMBER 27, 2017
EXCLUSIVE- Health Savings Account Startup, Lively wants to be more than a HSA vehicle. Right now, more means giving its account holders the option to invest their HSA funds. Launched on March 1 this year, the company was started by two friends, Alex Cyriac, and Shobin Uralil, with the vision to help people manage their healthcare […].
Payments Source
SEPTEMBER 26, 2017
Inevitably, Equifax’s CEO Richard Smith has left his post. For the credit bureau's sake, let's hope it has a long-term plan that's better than promoting from within.
Advertiser: Data Robot
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.
Chris Skinner
SEPTEMBER 24, 2017
Things we’re reading today include … Voice biometrics to be the ‘front door’ for all ANZ bank contact ABA to facilitate easier bank switching via code Using data analytics and tech in HR What Banks Can Learn From Nokia’s Demise Banks braced for Carney’s verdict on household debts ZhongAn launches … The post Things worth reading: 25th September 2017 appeared first on Chris Skinner's blog.
PYMNTS
SEPTEMBER 27, 2017
Generally speaking, if you’re trying to get a consumer’s attention, offering them access to “The Next Big Thing” is a pretty good way to do it. As Nancy Berger, VP and CRO at Marie Claire USA , told Karen Webster in a recent conversation, it’s one of those topics that inherently catches everyone’s interest. “If I’m going through my inbox and I see an email from someone I know and trust with ‘The Next Big Thing’ in the subject line – it’s what I’m opening first,” she noted.
Bank Innovation
SEPTEMBER 25, 2017
EXCLUSIVE – E-money app, deVere Vault, today added the Australian dollar and 21 other currencies to its growing repertoire of now 27 currencies, as the fintech continues to expand its products and customers since its launch a few months ago. Among the other currencies added are the Canadian dollar, Chinese yuan, Japanese yen, Mexican peso, […].
Bobsguide
SEPTEMBER 28, 2017
Alberto Chierici, CPO of SPIXII, a fintech specialising in chatbot technology, spoke to bobsguide about the insurtech landscape, its pioneering UX solution, and the company's plans for major insurance disruption in 2018. How did you and SPIXII find its way into insurance? I am one.
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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.
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