Sat.Apr 08, 2017 - Fri.Apr 14, 2017

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Open Banking Is A Must for Millennials, Bankers Claim

Bank Innovation

It’s crucial for banks to start participating in the finance revolution, especially as millennials are on the hunt for open banking—at least, according to bankers. According to a survey of 300 banking officials, conducted by Marketforce and Earnix, developing open APIs is becoming more and more crucial to retaining customers. In fact, 80% of the […].

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Not all US banks are against Open Banking

Chris Skinner

I blogged recently about American banks beating up the regulators to stop account access via APIs. I heard this in various White House meetings in 2016, and assumed all banks and bank people felt the same way. Well, they don’t. Citi’s head of FinTech Policy, Andres Wolberg-Stok, got in touch to clarify the true situation. Here is his response … Dear Chris I don’t know of any facts to support the assertion that “In the USA, there is a move by the big banks to get Washington

US 299
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The future of augmented reality and mobile commerce

Payments Dive

Retailers are inundated with new technology innovations, promising big returns for their bottom lines. It is difficult to decipher which deserve priority. However, few innovations have been able to match the benefits of augmented reality in retail.

Mobile 294
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NEW REPORT: As Business Priorities Shift, APIs Go White-Hot

PYMNTS

Are the stars aligning for companies to make API investment a top priority? The April B2B API Tracker™ looks at how companies engaged in cross-border trade are turning to API solutions to reduce the friction that some players encounter when engaged in cross-border trade. A Passport to Simpler X-Border B2B Payments. Over the past few weeks, several companies made investments in APIs with a focus on improving the flow of cross-border trade.

Report 198
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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

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Survey: What Are Your API Priorities?

Bank Innovation

Is your financial institution working on API initiatives? Tell us more! 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 query is digital and we invite industry participants to […].

Survey 350

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Talking With: Gemalto's Jack Jania about EMV at the fuel pump

Payments Dive

The card networks decided late last year to show some mercy on fuel operators and pushed back their EMV deadline to Oct. 1, 2020.

Cards 268
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New guide focuses on improving cash flow to grow the business

Abrigo

Small businesses in the U.S. face cash flow challenges on a monthly basis, but are business owners and their advisors asking the right questions and addressing the critical areas to change course? Recent research by JPMorgan Chase Institute showed that the median small business has an average of only $7 more in daily cash inflow than it has in daily cash outflow.

eBook 170
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5 Insurtech Startups to Watch (That Aren’t Lemonade)

Bank Innovation

The land of traditional insurance is getting an upgrade. 2017 might be the year the insurance industry (which tends to conjure up images of cramped cubicles, multiplying paperwork, and incomprehensible legalese) gets the fintech touch; in fact, we’ve already seen the beginnings of the change with certain startups named after certain citrus beverages.

Fintech 304
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Most people are inherently good: discuss

Chris Skinner

A final word on governments and politics after my Friday blog about corruption, and then I promise to leave this alone, as it’s not something I should talk about here. But I am going to make one statement: most people are inherently good. Whatever you think, whatever you feel, the majority of humans are raised to be caring, sharing, nurturing wonderful people.

Chicago 208
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The State of Automation in Financial Services 2024 Report

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

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What is Android Pay™ & How Does it Work?

Payments Dive

Google announced the launch of ‘Android Pay’ in May 2015, and with the global rollout accelerating and adoption growing, what do banks and service providers need to know about this innovative platform?

Google 199
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Using Blockchain To Build Up Smart Cities

PYMNTS

Dubai is one of the fastest-growing regions in the world and has big ambitions to become a global tech hub. The young country is working to address the inefficiencies that can arise with increased growth. With comparatively less red tape in the way as compared to many other cities, Dubai is able to implement smart city-type technologies in order to continue pushing digital development in many areas.

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Consumers Want More Financial Advice from Banks

Bank Innovation

Consumers see their banks as more of a stressful utility, rather than a financial advisor. According to the Future of Money report released by Cognizant, banks are not proactive with the financial needs of their consumers; 90% of consumers surveyed stated that they primarily deal with their bank for simple transactions only. “Simple transactions” exclude any […].

Survey 297
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Things worth reading: 11th April 2017

Chris Skinner

Things we’re reading today include … Challenger bank Redwood secures banking licence and £30m council investment City backs Carney with plan to keep finance open after Brexit ‘Best banker in America’ blamed for Wells Fargo sales scandal Citi tops global transaction banking ranks: Coalition Tangled web of Cohn, Goldman and Glass-Steagall The secret recording implicating the Bank of England in Libor rigging Barclays board reprimands boss Jes Staley as City watchdogs launch

America 184
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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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Fledgling tech company ready to take on Amazon Go

Payments Dive

A vending/micro market veteran has developed a technology, featuring artificial intelligence, he believes will disrupt the consumer goods distribution industry.

Company 210
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Man Accused Of Massive Yahoo Hack In US Denied Bail In Canada

PYMNTS

The man accused of being involved in a massive hack of Yahoo email accounts was denied bail in Canada, delaying U.S. plans to have him extradited. According to Reuters , prosecutors argued that Karim Baratov, a Canadian citizen who was born in Kazakhstan, posed a flight risk. Baratov will now remain in Canadian custody until his next bail hearing at the end of May, with sources saying that the attorney general of Canada will be ready to proceed with an extradition hearing by June 12.

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Will Merchants Hand Over More Data to Make Mobile Wallets Work?

Bank Innovation

Online retailers have several advantages over their brick and mortar counterparts. They have lower costs, plus a place on the smartphone screens (and in the hearts) of younger shoppers. In a recent Piper Jaffray survey, teens’ favorite website was Amazon (43%), followed by Nike (5%). Yet the bulk of shopping still takes place in brick and […].

Data 277
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Five key takeaways from Innovate Finance

Bobsguide

Innovate Finance brought together industry leaders, fintech start-ups and financial services experts on April 10th and 11th in London to discuss the future of fintech, the latest blockchain technology development, and how innovation will shape the future. Kicking off the conference, Lawrence.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.

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What is Samsung Pay and How Does it Work?

Payments Dive

With demand continuing to grow, the technology is being increasingly distributed across devices, merchants, banks, and countries. Responding to this demand, Samsung has introduced Samsung Pay.

Samsung 170
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Uber of X: greenRush is The Uber of Cannabis

PYMNTS

Cannabis, a favorite relaxation method of choice for some, has slowly become less stigmatized within the past few years. After it became illegal in the United States through the Marihuana Tax Act of 1937, the business of selling cannabis went mostly underground. Not until 2004 did cannabis become legal for non-medical use in certain areas of the country.

Las Vegas 140
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8 Best New Financial Apps 2017

Bank Innovation

P2P, e-commerce, InsurTech, and neobanks–2017 is certainly shaping up to be a great year to shake up your smartphone contents with the latest fintech novelties. Of course, keeping a watch on the best newcomer apps can be a little challenging. That’s why Bank Innovation has put together its annual list of the best newly-arrived fintech […].

Course 274
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How Cognitive Virtual Agents Will Transform Customer Engagement

Insights on Business

The average consumer interacts with customer service 65 times in a year. That adds up to more than 270 billion service calls made on an annual basis. Multiply that by an average cost of about $1.00 a call, and you’ve got very big problem for global businesses. Further, 33% of Millennials are only willing to wait 1 – 3 minutes to get a desired response, 52% have hung up on a customer service call, and 56% of Millennials have switched from one company to another because of underwhelming customer s

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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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Why threat hunting is the future of cybersecurity

Bobsguide

bobsguide sat down with Peter Cohen, Strategic Director for Countercept at MWR InfoSecurity, to dscover more about threat hunting, cybersecurity’s newest trend that putting humans back at the centre of cybercrime defence systems in conjunction with innovative technology. What role does MWR.

Trends 104
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Betting On Data, First, For Merchants To Score Payments

PYMNTS

The Super Bowl may be a memory, but the somewhat improbable victory of the New England Patriots was still fresh in the minds of many at snow-jammed Boston during Innovation Project 2017. In a fireside chat with PYMNTS’ Karen Webster, First Data CEO Frank Bisignano stated that his firm “just gave up the championship title,” where, for more than 500 days, First Data had the spot as the largest IPO.

Data 138
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Apple Pay Users to Double in 2017

Bank Innovation

Fighting for marketshare in the mobile wallet space is not getting any easier. According to a recent report, Apple tops the charts with its digital wallet, and is expected to nearly double Apple Pay userbase this year. The study, released by Juniper Research this week, estimates that Apple Pay will hit 86 million users in […].

Apple 249
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The New Rules of Cash Management

Gonzobanker

“For a list of all the ways technology has failed to improve the quality of life, please press three.” — Alice Kahn. Strategic planning conversations for 2017 and 2018 are focusing more intently on funding/deposit gathering and fee income. And, increasingly, mid-size and community banks are looking to take on the Big 5 banks in corporate banking, particularly in offering cash management services.

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Addressing Top Enterprise Challenges in Generative AI with DataRobot

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.