Bank Innovation
NOVEMBER 30, 2017
EXCLUSIVE— Financial services technology provider FIS will use its new API portal to help banks and fintechs alike develop new capabilities, partnerships, and innovations, Rob Lee, chief product officer for FIS, told Bank Innovation. “There’s a variety of services available [on the platform]—mobile banking, customer acquisition services, we tried to hit on a wide spectrum […].
Chris Skinner
NOVEMBER 28, 2017
For many years we have had discussions about bank branches and a branchless future. I personally don’t believe in a branchless future, but many do. And yes, there are many branches disappearing, much to the annoyance of those who lose that physical store. For example, America still has a large … The post We still need bank branches appeared first on Chris Skinner's blog.
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Payments Dive
NOVEMBER 30, 2017
Despite the less-than-stellar numbers for in-store, proximity-based mobile payments, Cyber Monday set a record for mobile-based remote payments.
Accenture
NOVEMBER 27, 2017
Connecting more than 8,000 decision makers and thought leaders across the industry, Sibos 2017 in Toronto was once again the platform where the global financial community explored the disruptions and opportunities in payments driven by innovation, technology and new business models. Each year we report on the themes we observe at Sibos to help readers keep on the pulse of the payments industry.
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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
NOVEMBER 27, 2017
Fintech lenders are making significant gains in the personal loan space, according to a recent TransUnion report, which follows the staggering growth of fintech lenders in the market over the past few years. The report, called Fact versus Fiction: FinTech Lenders, was released last week during the Digital Lending + Investing Conference in New York, […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
DECEMBER 1, 2017
Jeremy Gumbley, the CTO at Creditcall, believes this category of merchants are the ideal candidates for turning a regular mobile phone into a payment device.
PYMNTS
NOVEMBER 29, 2017
Fraudsters launching forays against financial institutions (FIs) is a tale as old as, well, financial institutions. For the honest banker, there’s a constant need to upgrade defenses and proactively fend off attacks. But not everybody has the resources for a complete cybersecurity makeover — or the $100,000 to sweep a successful hack under the rug. Such resource and budget constraints may be the reason why, even as artificial intelligence (AI) and machine learning are enjoying high adoption rate
Bank Innovation
NOVEMBER 28, 2017
Which banking advertisement will you remember best from 2017? Here at Bank Innovation, we have our picks: as we do annually, we have ranked the top banking ads of the year. The 15 videos below were not chosen based on the number of viewer impressions or any other form of data-driven measurement, but were selected […].
Chris Skinner
NOVEMBER 27, 2017
I wrote about the fact that digital transformation does not create greater shareholder value … yet … and then DBS announce that they are the first bank in the world to demonstrate the link between digitization and shareholder value creation on November 17. Interesting, as I blogged about this on November … The post Proving digital transformation works for shareholder returns 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 1, 2017
MEPS is establishing a new breed of ATMs across Malaysia, which will see 1,000 ATMs live by 2022. This case study shows how it is using TNSLink from TNS to realize a scalable, carrier independent, wireless communications solution for its expanding ATM fleet. Since transitioning it has reduced unforecasted visits to ATMs by 25%.
PYMNTS
NOVEMBER 30, 2017
When the limit on contactless payments in the U.K. was raised in 2016 from £20 to £30, the overall volume of contactless payments tripled. While, for many industry spectators, the growth in volume of contactless payments equated to a correlating drop in cash use, the actual numbers reveal that despite a growth in competition from alternate payment forms, cash is continuing to hold its ground.
Bank Innovation
DECEMBER 1, 2017
Payments processor Mastercard is continuing its focus on innovation and partnership, announcing the latest 11 companies to join its ‘Start Path’ program as well as the expansion of its NYC Tech Hub. The latest companies to join Start Path, a Mastercard program aimed to support later-stage fintechs across the globe, including blockchain, health, and payment […].
Chris Skinner
NOVEMBER 27, 2017
I’m involved in quite a lot of start-ups, ICOs and funds these days, and recently started a mini-series of interviews with them, as I think it will be of interest to readers of my blog. In the fourth of this series, I’m interviewing Edmund Lowell, founder of SelfKey. In one sentence … The post Introducing SelfKey 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
NOVEMBER 28, 2017
Verifone North America President Joe Mach shares insight on what retailers are doing, the big trends in play with customer experience and how consumers are spurring trends and retail customer experience strategies.
PYMNTS
DECEMBER 1, 2017
It’s tempting for small merchants to see cash through rose- (or should we say green-) tinted glasses, but major industry players think it’s time to break up the love affair — or, at least, give both parties some distance. Players like Mastercard are encouraging micro businesses to give mobile payment acceptance a whirl, hoping they’ll feel the attraction.
Bank Innovation
NOVEMBER 30, 2017
Bitcoin, and cryptocurrency in general, had a good year and an even better quarter, according to CoinDesk’s State of Blockchain Q3 2017. The report, which was released yesterday, shows gains in every area from investment size and block sizes to transaction volumes. The report shows that Ethereum hit a new record high for blockchain transactions […].
Chris Skinner
NOVEMBER 30, 2017
I recently presented in Miami and BBVA were kind enough to summarise what I said so … here is their summation. Financial services of the future will be open sourced and real-time Chris Skinner closed Latin America’s top ‘fintech’ meeting with a prognosis: The financial services of the future will … The post Financial services of the future will be open sourced and real-time 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
NOVEMBER 27, 2017
This interview was originally published on our sister website PaymentEye. James Anderson is Executive Vice President of Digital Payment Products at Mastercard. Based in New York, he leads his multi-national team to redefine the way the business examines the emerging payments.
PYMNTS
DECEMBER 1, 2017
Mastercard has announced the list of startup companies chosen to participate in its Mastercard Start Path program, a group the company is calling its “most diverse class” ever. Mastercard revealed the list in a recent announcement, including startups that span a range of verticals. Those partaking in the program, which aims to support later-stage FinTech and technology startups, total 11 firms selected from five countries.
Bank Innovation
NOVEMBER 27, 2017
EXCLUSIVE—Digital shopping is expected to hit a high today during Cyber Monday, and most consumers should be ready for it: especially considering that a good number of them even did their Black Friday shopping on digital channels. This year’s Black Friday saw a startling 24% increase in digital shopping from last year, according to a […].
Chris Skinner
NOVEMBER 30, 2017
I was at a presentation where Robin Speculand, Singapore-based author and speaker, asked: Is it better to have a great strategy implemented badly or a bad strategy implemented well? Most people – about 4 out of 5 – raised their hand for the latter option. I raised mine for the … The post Is it better to have a great strategy implemented badly or a bad strategy implemented well?
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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.
Bobsguide
NOVEMBER 28, 2017
Along with most industries that rely on technology, the insurance industry faces great challenges and opportunities. Technology-powered capabilities, such as online and mobile apps, smart contracts, Robotic Process Automation (RPA), and telematics, offer new ways to engage customers, streamline.
PYMNTS
DECEMBER 1, 2017
We are reasonably sure that Uber will be happy to see 2017 come to an end. Scandals of one form or another buffeted the company throughout the early part of the year, leading to the departure of its founder, CEO Travis Kalanick , in late June. But the year’s earlier rough ride might now be viewed as a walk in the park when compared to the news of the last two weeks.
Bank Innovation
NOVEMBER 30, 2017
The underlying technology that powers digital currency remains more interesting to the Federal Reserve than the development of digital currency, according to comments made by John Williams, president of the San Francisco Federal Reserve Bank. The Fed is actively researching blockchain and distributed ledger technology, Williams said yesterday when asked about his thoughts on the […].
Chris Skinner
NOVEMBER 28, 2017
Things we’re reading today include … RESEARCH: European banks’ reaction to PSD2 [PDF] Alibaba-Backed Paytm Aims to Become World’s Largest Digital Bank Rise of the robots to force 700m workers into new careers by 2030 Pound soars against the euro on Brexit divorce bill breakthrough UK banks can weather chaotic … The post Things worth reading: 29th November 2017 appeared first on Chris Skinner's blog.
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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