Bank Innovation
JUNE 26, 2017
For the third consecutive year, Bank Innovation has teamed up with Open Bank Project and (this year) the University of Warwick, to conduct a research survey on how financial institutions worldwide are prioritizing API initiatives in 2017. The report, which surveyed more than 200 high-ranking executives from financial services and banking industry, indicated a growing […].
Chris Skinner
JUNE 26, 2017
It was exactly 50 years ago today that the world’s first ATM was unveiled at a Barclays branch in Enfield, London. As a tribute to the golden anniversary, Barclays has transformed the modern-day Enfield cash machine into gold. Today, more than half of UK adults use an ATM at least once a week. Barclays Bank unveiled its first cash machine in the UK in 1967.
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Payments Dive
JUNE 29, 2017
Every retailer and restaurant is going mobile or has gone mobile but a successful strategy to meld it with the physical customer experience takes work. Lots of work.
Abrigo
JUNE 30, 2017
While the Big 4 firms often receive the majority of coverage and attention in the accounting industry, they are far from representative of the average firm in the U.S. In fact, 90% of all accounting firms have 10 or fewer collective partners or owners ( AFOT ). By 2024, sector growth of 11 percent is expected - this forecast should provide confidence for you and especially your clients.
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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
JUNE 29, 2017
Knowing which startups to keep an eye on in fintech can be a full time job (for some, it is actually a full-time job), especially as more and more of them launch, get funding, and partner up with banks. Take a look at the seven startups Bank Innovation is watching this month below: bonify Berlin […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
JUNE 28, 2017
As online and mobile commerce channels continue to expand, and with emerging technologies and trends changing expectations of the in-store experience, brick-and-mortar retailers are being forced to re-evaluate their position, offering and approach.
Accenture
JUNE 26, 2017
Steve Jobs once said, “Your customers dream of a happier and better life. Don’t move products. Instead, enrich lives.” Considering the degree to which Apple’s products are ingrained in people’s day-to-day lives, they’ve stuck well to Jobs’ guidance. One of the areas of retail banking where it should be easiest to sell dreams, not products, is the mortgage business.
Bank Innovation
JUNE 30, 2017
Turns out, banking apps are higher up in consumers’ smartphones than photo or video apps. A study by Forrester Research, released this week, indicates that 32% of U.S. adults (18 and over) use banking apps via their smartphones weekly. The same number of respondents indicated using shopping apps weekly, while 30% and 23% said they […].
Chris Skinner
JUNE 30, 2017
I was chatting with a friend about what he’s up to these days. He started talking earnestly about looking up his family ancestry. With the internet these days, you can quickly find your grandparents, great grandparents, great-great grandparents and even your birth mother. He had traced some parts of his lineage to the 1600s in just a month of research, and had hooked up with a distant cousin thrice-removed who was helping him track down the missing links.
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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
Abrigo
JUNE 26, 2017
By Alison Nailor, Sageworks As a business owner, you understand it’s important to be aware of your company’s cash flow and manage it well. In the rush of day to day business management, however, this can be difficult. According to a recent Crowe Horwath survey of manufacturing companies and distributors, 54 percent do not have a strategy for managing their working capital.
Payments Dive
JUNE 29, 2017
What will drive the next wave of mobile payments and digital commerce? This edition of Vritti will answer this question on everyone’s mind.
Bank Innovation
JUNE 26, 2017
What does it take to scale a successful robo-advisor? How do you choose whether to partner with an incumbent or another fintech? How do you build a diverse startup team? It starts with a narrow consumer focus, according to Vicki Zhou, co-founder of WiseBanyan, which offers free automated robo-advisory services to its customers. “Everything we […].
Chris Skinner
JUNE 29, 2017
It’s a decade since the iPhone launched. Steve Jobs unveiled the new phone on January 9th, 2007. The first iPhones were made available to the grubby hands of the public on June 29th, 2007, exactly ten years ago today. This was originally just for American consumers with the UK, France, and Germany following in November 2007, and Ireland and Austria in the spring of 2008.
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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.
PYMNTS
JUNE 29, 2017
There’s a lot more to running a restaurant than making good food and serving it with a smile — and no, we don’t mean listing the menu on GrubHub, UberEats or OpenTable. Restaurants have to follow regulations set by the food and health administrations, such as cleanliness guidelines and storing various foods at specific temperatures. It can be a lot for one owner to track, especially owners of multiple establishments or franchise locations.
Payments Dive
JUNE 28, 2017
Brexit, PSD2, Lithuania as a new payment jurisdiction and other topics were discussed at the recent Advapay conference.
Bank Innovation
JUNE 27, 2017
Blockchain may finally live up to its trade finance potential — thanks to IBM and Hyperledger. A consortium of seven European banks (including Deutsche Bank, HSBC, Societe Generale, Unicredit, Natixis, KBC, and Rabobank) will build a blockchain-powered trade finance platform, built by IBM using Hyperledger Fabric. “This is not a proof-of-concept or a pilot—we are building […].
Chris Skinner
JUNE 25, 2017
I was going to blog about something different, when I spotted this article in The Financial Times about Klarna gaining a banking license over the weekend (thanks to Pascal Bouvier). The commentary has two key sentences, which I’ve highlighted, that illustrate all the things I have been saying about Banking-as-a-Service and curated marketplaces brilliantly, namely: Banking becomes a curated marketplace of specialist providers who do one thing really well, rather than a thousand things aver
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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.
PYMNTS
JUNE 30, 2017
The blockchain has a bit of an identity crisis. Everyone who is anyone in financial services knows what it is, and there is broad consensus at this point that it will play a very important role in financial services. Yet few can really articulate how it all works or what exactly it will do — and when. Here’s a little proof. According to WEX’s First Annual Payments Pulse Survey , 66 percent of the 500 CFOs interviewed say that they are quite certain that they understand blockchain; 50 percent thi
Payments Dive
JUNE 29, 2017
WWS Business Analytics Management (WWS BAM) is the Data Analytics application module of the WWS software suite.
Bank Innovation
JUNE 29, 2017
Free credit reporting company Credit Karma reported more than $500 million in revenue in 2016 — a 50% increase compared to the prior year — hitting 70 million members since the launch of its flagship product — credit monitoring — in 2012, the company announced this week. What’s the secret to its success? Free products […].
Chris Skinner
JUNE 25, 2017
This week’s main blog headlines are … Build or Buy or Build and Die? I was having a chat with a banking buddy who was expressing his frustration with the fact that their PSD2 developments were not going the way he wanted. He had found a nice little FinTech start-up with a really neat Open API capability which could … How does a financial curator make money?
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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.
PYMNTS
JUNE 27, 2017
Wealthy countries with developed financial and payment infrastructures are most likely to have their data encrypted and held for ransom by cybercriminals, according to a recent report by global cybersecurity company Kaspersky Lab. In 2016-17, cyber attackers have set their sights on mobile users in the U.S., first and foremost, with Canada, Germany and the U.K. following closely in terms of risk.
Bobsguide
JUNE 27, 2017
Over the decades, crises and subsequent regulatory change has transformed the risk-led financial services sector. However, financial organisations also have had reputations as early technology adopters, some quite “wild west” in their quest for differentiation and profitability. On one.
Bank Innovation
JUNE 30, 2017
Investing in bitcoin is easy. Buying a tank of gas with bitcoin…uh. That’s more of a challenge, according to this Utah County couple who tried paying for life’s necessities only in bitcoin. The couple — Becky and Austin, whose experiment with the cryptocurrency is documented in the film Life on Bitcoin, released yesterday by entertainment […].
Insights on Business
JUNE 29, 2017
This week’s announcement by the seven bank Digital Trade Chain Consortium is another strong indication that the “peak hype” discussions around blockchain are somewhat misplaced. This blockchain network to deliver a trade finance solution across Europe to support small and medium businesses stands out from the steady flow of other blockchain PoCs underway in several significant ways.
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.
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