Chris Skinner
MARCH 11, 2016
ValueWeb: How FinTech firms are using bitcoin blockchain and mobile technologies to create the Internet of Value After months of writing and editing, I’m delighted to say that my new book ValueWeb is now available.
Payments Dive
MARCH 9, 2016
Square announced Wednesday as part of its first earnings report as a public company that it had received over 350,000 preorders for the company's new EMV-enabled contactless reader.
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Bank Innovation
MARCH 8, 2016
Payments startup Movo wants to convert every mobile device into a card-issuing bank. Bank Innovation has learned that the Palo Alto, Calif.-based company raised a seed round of $700,000 on Jan. 31 and plans to launch next quarter. The Movo platform will use prepaid funds to issue payment tokens called Movo Cash Read More.
South State Correspondent
MARCH 6, 2016
We are here at the ICBA Annual Conference in New Orleans and we have a variety of topics we are trying to research. One such topic is what is the most effective rewards program for driving behavior, as Chase, Wells Fargo and Bank of America are making strong inroads into this area and are set to further expand their offerings. We dislike any program that rewards on rate, as that teaches customers to be more rate-sensitive.
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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
MARCH 10, 2016
Flying back from Oslo after the SWIFT Nordics Conference, I was reflecting on the blockchain discussion we had. I chaired the discussion which was titled: “Blockchain: from hype to real world applications” and was joined by Vytautas Karalevicius from Spectro Finance, Lasse Meholm of Nordea and Colin Kwan from Magnr.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
MARCH 9, 2016
This week, we have a group of startups united in their mutual conviction that 20-and-younger-somethings need not leave their financial situation to the vicissitudes of an indifferent fate. Starting from the macro and moving to the micro, today’s list takes us on a journey beginning with the plight of the genius-quant, Read More.
South State Correspondent
MARCH 8, 2016
Last week’s post on bank goals garnered strong feedback with a common refrain being that there is nothing wrong with banks that have many goals. It is this point that we want to clarify - while there is nothing wrong with banks prioritizing many goals, there is something wrong with banks working on many goals. That is to say that if your bank has a set of primary and secondary initiatives, or a list of more than 5 items, that is an indication that you could have problems with execution.
Chris Skinner
MARCH 7, 2016
BBVA have made another bold move this week, acquiring Holvi. This follows hard on the heels of other significant moves, such as investing $60 million in digital first UK start-up bank Atom and the acquisition of Simple a couple of years ago.
Payments Dive
MARCH 8, 2016
The app enables customers to authorize a pump for payment through the use of cloud-based technology.
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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
Bank Innovation
MARCH 10, 2016
Apple launched Apple Pay on Sept. 9, 2014. It became available on Oct. 20 of that year. As the two-year mark approaches for Apple Pay, the contracts written with financial institutions back then will start to expire. And with it the 15 basis points Apple gets for including the banks’ cards in their Read More.
South State Correspondent
MARCH 9, 2016
In this era of compressing margins and volatile rates, not having a prepayment provision on your loans is likely costing your bank a material amount of income.
Chris Skinner
MARCH 8, 2016
Just had a great discussion about data analytics and visualisation at the SWIFT Nordics Conference in Oslo. During the discussion we talked a lot about data for risk management and how real-time tracking of payments could help identify suspicious activities from fraud and malware attacks to the possibility of AML and sanctions breach.
Payments Dive
MARCH 11, 2016
The study does note that expanding electronic payments alone will not necessarily increase prosperity — well-developed financial systems and healthy economies are required, as well.
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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.
Bank Innovation
MARCH 11, 2016
Video banking — customers talking via video feed to bankers who may be far away — is already a big thing in branches in Britain, and it’s about to get bigger. It will soon to be tested for users at … home. Nationwide Building Society, a member-owned financial institution with around Read More.
South State Correspondent
MARCH 10, 2016
It was almost with equal sadness that we bid the 2016 ICBA Live conference goodbye this morning and Dos Equis’ World’s Most Interesting Man.Yesterdayboth announced their completion. We also bring up the latter because we are going to miss anybody that can bowl overhand, wins a lifetime achievement award - twice, speaks Russian - in French and once won the World Series of Poker with only Uno cards.
Chris Skinner
MARCH 7, 2016
The Cards & Payments Awards 2016 took place the other day, so I thought I’d pick out the three Awards that interest me the most: Best Technology Initiative; Best Initiative in Mobile Payments; and Best Industry Innovation.
Payments Dive
MARCH 9, 2016
The card network hosted a hack event this past weekend at The New School Parsons School of Design in New York City.
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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.
Bank Innovation
MARCH 9, 2016
Jack Henry & Associates, Inc., a provider of core technology solutions and payment processing services, announced yesterday an agreement with The Clearing House to advance faster payments. This deal potentially adds the 6,300 financial institutions that use Jack Henry payment solutions, many of them community banks and credit unions, to the rapidly growing faster Read More.
PYMNTS
MARCH 5, 2016
In the early days of the smartphone, apps came upon consumers like tiny technological miracles sent from heaven to make their lives easier. “There’s an app for that” was more than a marketing pitch. For a short time, it became something of a lifestyle movement for consumers enamored of their one-tap access to everything. The love affair, however dizzying, was relatively short-lived as consumers began to realize two things simultaneously.
Chris Skinner
MARCH 9, 2016
Things we’re reading today include … Square nearly doubles revenue in fourth quarter but loses $41m in 2015 Nasdaq to buy ISE options exchange from Deutsche Boerse Exclusive: China to allow commercial banks to swap bad debt for equity stakes in firms – sources Citi creates new group focused on serving fund clients Spain’s monarchy …
Payments Dive
MARCH 11, 2016
The interactive button is now available globally to merchants selling digital goods and services – such as music, movies, airline seats, and tickets – or items that customers purchase online and pick up in a physical store.
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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.
Bank Innovation
MARCH 11, 2016
Bank of America and U.S. Bank are the latest banks to sign on to realtime payments, joining Early Warning’s clearXchange network earlier this week. As more banks sign on to the number one name in real-time transactions, the most irksome, time-sensitive financial emergencies may become a thing of the past. Read More.
PYMNTS
MARCH 7, 2016
While some Asian country economies may be slowing down, the health of the online retail markets across the continent is booming. According to a recent report from Forrester, as reported on by ZDNet , total eCommerce revenue for China, Japan, South Korea, India and Australia is projected to nearly double in the next five years, from $733 billion in 2014 to $1.4 trillion by 2020.
Chris Skinner
MARCH 7, 2016
I am surprised how many new start-up banks there are in Britain. My list so far includes physical distribution players such as: Santander (a challenger?
Payments Dive
MARCH 8, 2016
Tim Spenny, from GfK Research, wrote about how the security of mobile phones is relevant to the mobile payments industry.
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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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