Chris Skinner
FEBRUARY 23, 2016
We had two Financial Services Club meetings on the same night this week: one in London where Chief Executive of the Payments Council Maurice Cleaves talked about the landscape future for UK payments markets; and one in Warsaw where Lukas Dzuroska presented the top ten trends tracked in research by EFMA over the past year.
Payments Dive
FEBRUARY 23, 2016
The card network has outfitted the big game's venue, Levi's Stadium, with over 500 contactless-enabled point-of-sale terminals and 200 more across other Super Bowl-related venues in San Francisco and Santa Clara.
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Bank Innovation
FEBRUARY 24, 2016
Many applied, few were chosen. After a difficult deliberation, 10 early-stage fintech companies were selected by a team of judges to compete in this year’s DEMOvation Challenge, to take place in Seattle on March 1. The panel of judges — Scarlett Sieber of BBVA; Sam Maule of Carlisle & Gallagher; Ryan Falvey of the Center for Financial Services Innovation; Matt Wilcox of Fiserv; and Phil Ryan of Bank Innovation — will decide which company is worthy of the “Best in Show” DEMOvation crown at B
South State Correspondent
FEBRUARY 24, 2016
It is normal for stock markets to fluctuate, interest rates to vacillate, oil priced to decline and China’s economic growth forecasts to be adjusted (those numbers are mostly made up anyway). However, the recent behavior in the above mentioned markets is much more volatile than anything experienced over the last few years, and this turmoil is going to change lending and borrowing behavior.
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.
Chris Skinner
FEBRUARY 23, 2016
I spent a day working on a bank’s digital strategies the other day. It was a fascinating day and, as is the norm with some of these offsites, a scribe artiste was scribbling my ramblings on a chart. The summary I like so much that I thought it was worth sharing here.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
FEBRUARY 23, 2016
When we think of cool, James Dean doesn’t immediately come to mind. The app Songsterr does. We are proud fintech nerds, and for five years we have marked the Coolest Brands in Banking on Bank Innovation based not on the type of sunglasses worn by a CEO, but on the Read More.
South State Correspondent
FEBRUARY 22, 2016
A common narrative with community bankers is this view that their options are limited. A challenge is often presented with just two options – make the loan or lose the loan, agree to the customer demands or not or comply with the regulators or not. When viewed this way, bankers set themselves up for a sub-optimal outcome as they turn a tactical decision into a self-created conundrum.
Chris Skinner
FEBRUARY 25, 2016
I had a realisation this week. The realisation is that banks have always been hot on technology and innovation. If you don’t think so, then just checkout this blog from April 2008 – eight years ago – where I talk about the rise of innovation in banking.
Payments Dive
FEBRUARY 23, 2016
At the NRF Big Show, a panel discussion about what's next in payments focused on the role technology has played in consumers' expectations as they interact with their favorite brands.
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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
FEBRUARY 24, 2016
InsurTech moved into the limelight on 8th December 2015 when it was announced that Sequoia Capital had done a $13m seed investment into a stealthy venture called Lemonade. Call it the Sequoia effect. Could this be another WhatsApp story (with a $19 billion exit only 3.5 years after Sequoia invested in Read More.
South State Correspondent
FEBRUARY 25, 2016
Trying to sell more loans and deposits is a different strategy than trying to add value to the customer’s life. Jim, a commercial bank customer has a company that produces high-end drum equipment. Back in 2014, Jim drew 95% of his availability in anticipation of the holiday season. In early 2015, Jim got a note from his banker that the line was being increased due to the increase in sales volume.
Chris Skinner
FEBRUARY 25, 2016
I seem to find myself travelling all over talking about innovation and meeting start-ups. It’s the start-up economy, and there’s probably been no better time to be young, hopeful and visionary. Thinking back to my younger days, leaving university, the idea of creating my own company was unheard of.
Payments Dive
FEBRUARY 23, 2016
Mobile Payments Today spoke about this concept with payment technology providers at the recent National Retail Federation Big Show in New York City.
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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
FEBRUARY 25, 2016
A small move from Google has apparently caused big trouble for Bankrate. Google, now a subsidiary of Alphabet, announced this week that it was shuttering Compare, its service for users deciding between various mortgage, insurance, and credit card offers. You’d think this would be good news for Bankrate, a site Read More.
Celent Banking
FEBRUARY 20, 2016
The rollercoaster that is Yahoo! continues. Yesterday, the company officially announced that it was putting itself on the selling block, in a move aimed at holding off an aggressive activist hedge fund called Starboard Value. It was only in December when management shared the stunning news that Yahoo! was planning to spin itself off (more precisely its core Internet businesses) to its shareholders.
Chris Skinner
FEBRUARY 25, 2016
Things we’re reading today include … China seeks to manage economic reform expectations at G20 Bank of England chief accuses G20 of failing to reform to boost growth Lloyds profits fall on PPI claims Payments ‘too controlled by big banks’ Banks told to sell £6tn payment system Chinese central bank chief hints at more stimulus …
Payments Dive
FEBRUARY 23, 2016
While physical biometrics work when someone has physically presented themselves to the authenticating party, these same biometrics quickly lose effectiveness in an online world. So, what's the alternative?
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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
FEBRUARY 26, 2016
Want a peek at the bank of the near future? At JPMorgan Chase’s Manhattan headquarters, digital technology and interior design came together in a model branch that Bank Innovation toured last week. As with many branch-of-the-future models, self-service via tablets and enhanced ATMs, as well as fluid movement around the space, are Read More.
Bobsguide
FEBRUARY 21, 2016
Over the past few years, the fintech scene has really exploded in the UK, with big players in the payment and alternative funding sectors taking centre stage, to the extent that London is now regarded as one of the world’s most high-profile fintech hubs. Firstly, what is fintech?
Chris Skinner
FEBRUARY 21, 2016
Things we’re reading today include … New market storm could catch euro zone unprepared JPMorgan may hold steady on cost target despite low interest rates HSBC sees 1.
Payments Dive
FEBRUARY 23, 2016
This digitalized revolution is undoubtedly booming and the speed of current breakthroughs has no historical precedent, writes Xendpay Founder and CEO Rajesh Agrawal.
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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.
Bank Innovation
FEBRUARY 23, 2016
In a post back in May 2015, Daily Fintech explored the SaaS disruption occurring in the corporate sector in relation to the delivery of Treasury Management services. The disruption has now shifted down the food-chain, with a range of Fintech providers now finding smart ways to connect into accounting platforms, removing the need to integrate… Read more Cash flow is still king – SMEs get the keys to the ‘Treasury’ chest.
Payments Source
FEBRUARY 23, 2016
The expected 100% growth in card not present (CNP) fraud by 2018 threatens small and medium businesses as well as enterprises, and companies need to shore up their data and customer analytics now to stem the tide.
Chris Skinner
FEBRUARY 24, 2016
Things we’re reading today include … Australian Reserve Bank Sees a Digital Dollar Future Bloomberg Barclays Cut Investment Bank Bonus Pool as Much as 12% Malware targets India’s largest private bank Bankia a symbol of new banking wobble UK businesses battling huge rise in cybercrime, report says HSBC recruits co-head of global banking IMF warns …
Payments Dive
FEBRUARY 26, 2016
The companies signed a memorandum of understanding to strengthen and create new value for the bank card ecosystem, benefiting consumers, merchants, financial institutions, and technology partners.
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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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