Bank Innovation
DECEMBER 14, 2017
EXCLUSIVE—Should banks acquire or partner with smaller, more agile fintechs? Well, that depends if the end goal of the bank is to further financial innovation, Derrick Walton, EVP of global financial networks for Hyperwallet, told Bank Innovation. “There’s a difference in culture, in what the goals tend to be,” Walton said, who is responsible for […].
Chris Skinner
DECEMBER 10, 2017
Another presentation that was enlightening was delivered by Jean Claude Gaga, CEO of RSwitch Ltd, the national e-payment switch of Rwanda. Jean Claude gave an overview of how Rwanda is moving towards a cashless economy and I was particularly interested as I chair Dot Finance in Kigali each year, and … The post Rwanda: Africa’s first cashless economy?
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Payments Dive
DECEMBER 14, 2017
These areas present great opportunities, but also significant challenges.
PYMNTS
DECEMBER 13, 2017
Online retailer eBay , following in the footsteps of Overstock.com, is contemplating allowing bitcoin as a payment method. In an interview with Yahoo Finance , Scott Cutler, SVP of eBay Americas, said the eCommerce retailer is “seriously considering” accepting bitcoin payments but noted the company is “not quite there yet.” He noted that eBay is currently focused on the holiday shopping season, which is turning out to be a strong one for online retailers. .
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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
DECEMBER 11, 2017
EXCLUSIVE- Blockchain technology and digital loans will continue to grow in 2018 as banks continue to work on their cybersecurity in the coming year, software provider Mitek predicts. “It’s just logical that given the extent of recent data breaches, that we’re going to see more of the same. It will continue to accelerate” Sarah Clark, […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
DECEMBER 15, 2017
Mobile Payments Today takes a look back at the top features on the site throughout the past year.
PYMNTS
DECEMBER 13, 2017
The emergence of APIs is doing more than just changing the way banks and FinTechs operate. It’s forcing them to create new marketplaces and ecosystems where innovations are traded and, in the process, upending the traditional rules of the financial services market. With the market rapidly evolving, is it time for traditional financial institutions (FIs) to learn the rules of the new API economy?
Bank Innovation
DECEMBER 13, 2017
EXCLUSIVE— There are some annoyances that are universal for businesses: with its new financial platform, officially opened today, fintech startup Divvy wants to fix them all. The platform, which uses cloud technology, allows businesses to more easily manage their subscriptions, budgets, payments, and automate their expense reports, Divvy CEO and founder Blake Murray told Bank […].
Chris Skinner
DECEMBER 11, 2017
Despite there being many capable women in banking, finance and technology, it is surprising how few are at the top of the companies I talk about. Most FinTech start-ups I refer to are run by young men, whilst most banks are run by old men. Where are all the women? … The post Where are all the women? 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
DECEMBER 12, 2017
Consumers want optimal value for the money they spent on a product. But when that doesn't go their way, expect backlash in a huge way.
PYMNTS
DECEMBER 14, 2017
Banks and FinTechs may have had frosty relations in the past , but new open API ecosystems are now enabling former competitors to collaborate and grow their respective businesses. While collaboration is often seen as the more appealing approach, an open banking ecosystem invites its own challenges for traditional banks. Specifically, these financial institutions (FIs) must learn how to collaborate and innovate at a considerably faster pace.
Bank Innovation
DECEMBER 13, 2017
Nordea Bank has made its Open Banking API pilot live today, opening its customers dataset to a select few customers in Finland. The Norwegian bank first announced its plan to test its API platform earlier this year as way to adapt to changing scene of Europe’s payments environment with the upcoming Payment Services Directive (PSD2). […].
Chris Skinner
DECEMBER 15, 2017
I often talk about faster horses and how banks think digital is doing banking cheaper and faster. It’s all about efficiency and effectiveness. So, I was asked the other day: where is the car? After all, it’s easy to call out banks for doing banking as usual but, if I … The post Look East for innovation 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
DECEMBER 11, 2017
FSS matured, comprehensive, and reliable transaction processing services ensure unparalleled 100% availability.
PYMNTS
DECEMBER 14, 2017
Three computer hackers behind the Mirai botnet, which kicked websites offline last year in cyberattacks, have pleaded guilty to cybercrime. Citing court documents, Reuters stated on Wednesday (Dec. 13) that former Rutgers University student Paras Jha pleaded guilty in federal court in New Jersey to charges, including writing code that enabled him to infect and control devices.
Bank Innovation
DECEMBER 15, 2017
If it feels like innovation has been one of the hot themes of 2017 in the financial world, it’s because its true. A new report shows that despite many companies struggling to maintain a culture of innovation, financial services companies are among the top three industries getting it right. One of the factors helping them […].
Chris Skinner
DECEMBER 12, 2017
I seem to grapple daily with the same or similar questions: how to regulate things that don’t recognise boundaries; how to structure a world that is unstructured; the role of authorities in a democratised planet; is there such a thing as money without government? I haven’t answered these questions but … The post Much to learn, you still have 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.
Bobsguide
DECEMBER 14, 2017
This past year has seen a number of significant changes in the payments industry. From new transfer methods to the PSD2 push, the demand for faster, smarter, and safer transactions has reached a fever pitch. Still, 2017 seems almost like it was a primer, setting the stage for the game-changing.
PYMNTS
DECEMBER 14, 2017
Not innovating is not an option. Perhaps in the early days of digital banking and mobile apps, innovative technology was a “nice to have,” but that is no longer the case. Today, it is a must-have for financial institutions (FIs) — that is, if they want their payment products to be the first one for which customers reach at the point of sale, whether physical or digital.
Bank Innovation
DECEMBER 14, 2017
EXCLUSIVE – Financial crime detecting platform QuantaVerse has added a new AI-based service to allow its financial institutions and banking clients better detect fraud and other crimes through audit investigations, as these crimes continue to be a major concern for banks and non-banks alike. The new CAE (Chief Audit Executive) Checkup service unveiled today uses […].
Chris Skinner
DECEMBER 14, 2017
Things we’re reading today include … NatWest bank spat prompts web security changes Deutsche Bank sells chunk of Polish business to Santander Britain’s indebted credit card customers could save up to £1.3bn under new rules Tech groups jostle for advantage in Indonesian digital payments The top grossing Christmas films of … The post Things worth reading: 15th December 2017 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.
Insights on Business
DECEMBER 10, 2017
Things seemed different at Sibos this year. The dominant story is that fintech startups and banks are better off as friends than foes. Fintech, once seen as a disruptor, is now becoming a mainstream and also a collaborating partner. Taking advantage of each other’s strengths is leading to strong value and profit. Consumers have been conditioned by Google and Apple to see that banking services can be much more accessible and convenient from a mobile device.
PYMNTS
DECEMBER 13, 2017
Augmented and virtual worlds have long been touted as the future for all kinds of things — gaming, healthcare, travel, tele-learning. They’re experiences where being there counts in a lot of important ways, but virtualizing the experience and making it consumable digitally catches most of that in-person benefit, without the hassle of in-person travel.
Bank Innovation
DECEMBER 14, 2017
The central banks of the United Arab Emirates and Saudi Arabia are launching a pilot to use cryptocurrency to facilitate cross-border payments between the two countries. While the two governments have not issued an official statement unveiling the pilot, there has been plenty of coverage on the matter by local news organizations. The UAE has […].
Chris Skinner
DECEMBER 12, 2017
Things we’re reading today include … France’s AXA to step up investments in green projects to $11 billion by 2020 My close escape from £10,000 bank scam MoneyTaker hackers reportedly steal £7.5m from ATMs Bitcoin hits another record high in march toward $20,000 LSE’s biggest investor set to rally behind … The post Things worth reading: 13th December 2017 appeared first on Chris Skinner's blog.
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