Sat.Dec 28, 2019 - Fri.Jan 03, 2020

Rebeca Romero Rainey: We resolve to support you

Independent Banker

“Our resolution is to continue to bring you the very best support for your prosperity, growth and success in the new year.”. As we enter a new year, we’re filled with a sense of anticipation for everything that will unfold in the coming 12 months.

How digital-only First Internet Bank strives to keep Indiana talent

Bank Innovation

As banks and startups on both coasts compete for new graduates, Fishers, Ind.-based based First Internet Bank is using an internship program to keep talent in the Midwest. The program, which lasts a few months, sources talent from local universities.

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Cash, payments and the future of ATMs — your 2020 spoiler alert

Mobile Payments Today

According to some economists, we've been experiencing an extended period of slow growth since the 1970s. What does this mean for the future of cash and ATMs? ATM historian Bernardo Batiz-Lazo explores the topic in his latest blog post

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Why Speed And Scale Will Define Global Payments In The 2020s

PYMNTS

Speed, scale and engagement — if you say it a few times, really get your vocal cords and mouth into the exercise, there’s a certain snap to those words put together like that. As well there should be — those are among the main traits set to define payments in the 2020s.

Using BSA Hot Topics to Strengthen Your BSA Program in 2020

Abrigo

Key Takeaways Using exam findings from 2019 can help strengthen your BSA program in 2020. Institutions must create a strong culture of compliance. Pillar violations see a big increase in the nature and seriousness of the violation. . Looking back to strengthen your BSA program.

Jack Ma’s Ant Financial joins Singapore digital banking race

Bank Innovation

Billionaire Jack Ma’s Ant Financial has applied for a digital banking license in Singapore, as China’s largest online financial platform steps up efforts to expand outside the mainland.

Social media payments: An ally or adversary of banks

Mobile Payments Today

Many banks have increased overall focus on user experience within their digital ecosystems and have added new functionality like peer to peer payments into their mobile apps to avoid disintermediation.

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2019’s Most Popular Blog Posts about CECL & Portfolio Risk

Abrigo

Key Takeaways Risk management practices were on the minds of bankers in 2019 Some of the most popular blog posts of 2019 were about stress testing and CECL. Risk management practices were in the spotlight in 2019. Managing risk is at the very core of the business of banking, so it’s not a huge surprise that readers of Abrigo’s blog spent a lot of time in 2019 reading about the topic.

As CCPA goes into effect this week, banks face new regulations on customer data

Bank Innovation

With the start of the new year, banks and fintech companies that do business in California will need to grapple with the new California Consumer Privacy Act (CCPA), which goes into effect Wednesday.

Implementing alternative payment methods at the pump

Mobile Payments Today

It’s clear that consumers want more payment choices. And this extends to paying at the fuel pump. But while merchants, including gas station owners, are keen to give their customers new ways to pay, there are a number of challenges they need to overcome

Africa’s Quiet Cashless Payments Revolution

PYMNTS

While one might assume that a payments revolution would be a hard thing to miss, as it turns out, it can happen. It all depends on how closely the world is looking — and what exactly it expects to be looking for.

Top Lending & Credit Risk Blog Posts of 2019

Abrigo

Key Takeaways The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2019. The top lending and credit blog posts focused on improving loan pricing, creating a better experience for borrowers, and developing risk ratings. Top blog posts reflect bank, CU priorities. As 2019 winds down, community banks and credit unions have worked hard to attract new customers and members and to retain existing ones.

With cross-border payments, Curve seeks to challenge legacy providers

Bank Innovation

based payments startup Curve launched a cross-border in-app money transfer feature, with hopes of making a dent in the lucrative remittance market. The cross-border payments sphere, currently dominated by Western Union, is a field in which startups like TransferWise and WorldRemit are making inroads.

Merging digital and in-person services for the next generation of banking customers

Mobile Payments Today

It’s important for banks to understand the demands of Gen Z consumers and plan ahead, in order to provide the services and capabilities that this next wave of consumers have already come to expect

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Record Holiday Sales Trigger Record $100B Returns

PYMNTS

Gift returns have become a holiday tradition in the U.S., with consumers anticipated to send back a record $100 billion worth of unwanted goods bought this year between Thanksgiving and Christmas, The Financial Times reported.

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The Community Bank Contrarian

ABA Community Banking

Whether it’s buying a mortgage division in 2009 or building a diversified product set in an age of nichification, community bank CEO Luanne Cundiff zigs when pundits say to zag. The post The Community Bank Contrarian appeared first on ABA Banking Journal.

With $12b in AUM, Personal Capital bets on a human-digital approach

Bank Innovation

For Personal Capital, the path to scale is go broad. The company this month hit a milestone of $12 billion in assets under management, which it sees as evidence its digital and human approach is yielding results.

Mobile Payments Today unveils the top 10 most read articles of 2019

Mobile Payments Today

The top 10 most-read articles of 2019 addressed a range of issues, including the wave of merger activity in U.S. payments, the rise of digital banking, the transition to PSD2 in Europe and the growing crisis in cash access

2020 To Mark A Turning Point At The Point of Sale

PYMNTS

The end of one decade, the beginning of another. Might the coming year be marked by innovation at the point of sale (POS)? The PYMNTS 2019 end-of-year survey of 30 executives asked for payment-related predictions that could (theoretically) be placed in a time capsule to be unearthed 12 months hence.

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4 digital banking trends to watch in 2020

ATM Marketplace

The growing phenomenon of direct, digital banking and Silicon Valley's entry into the payments business pose a series of challenges to traditional banks. NCR's Doug Brown explores the landscape for 2020 to determine how these trends will impact the global banking business moving forward

Rick Winslow, Kabbage chief experience officer, to speak at Bank Innovation Ignite

Bank Innovation

Rick Winslow, chief experience officer at small business lending company Kabbage, will join Bank Innovation Ignite this March 2-3 in Seattle as panelist for a session entitled “The future of banking customer experience.”

FSS Pay Connect

Mobile Payments Today

Instant represents the new norm for payments. Find out how FSS Pay Connect can help PSPs seamlessly on board onto the world of Instant Payments and generate new revenue streams

Samsung To Launch ‘Artificial Human’ Called Neon

PYMNTS

Samsung disclosed that it will introduce an “artificial human” called Neon at CES 2020 on Jan. 7 that is totally different than its artificial intelligence (AI) assistant Bixby, Digital Trends reported.

How the next decade of mobile wallet development will change payments

Payments Source

The winner of this next phase of development won't be an app. Instead, it will be almost invisibly woven into the DNA of the internet of things. Payment cards Starbucks Mobile payments Uber Apple Pay Google Pay Mobile wallets

Weekly Wrap: 2020 brings new data regulations and product roadmaps

Bank Innovation

Welcome to the latest episode of our Weekly Wrap video series, for the week ending Friday, January 3, 2019.

Helping Our Banks by Hiring Our Heroes

ABA Community Banking

Participating in Hiring Our Heroes is an excellent way to deepen your talent pool while making a difference in the lives of those who have done so much for our country. The post Helping Our Banks by Hiring Our Heroes appeared first on ABA Banking Journal.

PayPal Deepens LATAM Reach With MercadoLibre Integration

PYMNTS

Digital payments firm PayPal is turning to Latin America to strengthen its position in the eCommerce payments and remittance arenas. Today (Dec.

Former Wells Fargo execs may face criminal charges in coming weeks

American Banker

Several former high-level Wells Fargo executives are under criminal investigation in connection with the bank's fake-account scandal and could be indicted as soon as this month.

Banks can take cues from challengers on digital customer acquisition: Gartner

Bank Innovation

While large banks may not feel threatened by personal finance apps or digital-only challengers, they can learn from them on the digital onboarding front, a recent Gartner study observed.

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5 things to know about the future of wearable payments

Payments Source

Despite the convenience wearable payments hold, there are still obstacles that remain. Some factors are cultural, such as cash usage, or even more deep seated in the human mind, such as concerns over security. Contactless payments Wearable payments Data security Wearable technology

JPMorgan Ups Security By Blocking FinTechs From Passwords 

PYMNTS

The downside of data sharing has come full circle as JPMorgan Chase strives for enhanced protection by blocking FinTech apps from accessing customers’ passwords, The Financial Times (FT) reported on Tuesday (Jan.

3 lessons from Apple Card: How FIs can deliver a frictionless, consumer-centric experience

ATM Marketplace

Apple Card is designed to be the ultimate consumer payments card — a centralized hub to intelligently manage and track spending and gain insight into payment scenarios. What can FIs learn from it? Here are three lessons

Betterment to appeal to a wider customer base in 2020

Bank Innovation

For Betterment, the upcoming year will see the continuation of its trajectory from an investment platform to a place where customers can carry out all of their financial activities in one place.

How SEPA fuels the next phase of modern payments

Payments Source

When the European Union began developing the Single Euro Payments Area more than a decade ago, it didn't include a vision for real-time payments and the potential for a third European payments scheme. Compliance Real-time payments European Union Cross border payments Faster payments

2019: A Banner Year (And Bumper Data Crop) For Hackers

PYMNTS

It’s the list no one likes to be on. It’s kind of like being on the “worst dressed list” except that we’re talking about stolen data and, probably, lots of lawsuits. Welcome, then, to the Top Data Breaches of 2019. The readings are pretty grim. At a high level, the numbers are staggering.

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3 lessons from Apple Card: How FIs can deliver a frictionless, consumer-centric experience

ATM Marketplace

Apple Card is designed to be the ultimate consumer payments card — a centralized hub to intelligently manage and track spending and gain insight into payment scenarios. What can FIs learn from it? Here are three lessons

Grab, Singtel team up on Singapore digital bank license bid

Bank Innovation

Grab Holdings Inc. is partnering with Singapore Telecommunications Ltd. to apply for a full digital banking license, jumping aboard a Singapore government initiative to attract technology firms into its financial sector.