Bank Innovation
FEBRUARY 17, 2016
You might be using a blockchain to order detergent within the next few years. That’s because blockchains, or more properly, distributed ledgers, are likely to be used to authenticate users of IoT devices, according to Chris Skinner, author of the forthcoming book ValueWeb. Skinner told Bank Innovation today that he Read More.
Chris Skinner
FEBRUARY 16, 2016
There’s been a large number of white papers produced recently about Fintech and Blockchain, so I decided to collate the most notable ones here. All links are to file downloads and if I’ve missed any, please let me know.
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South State Correspondent
FEBRUARY 16, 2016
If there is one thing your bank needs to be successful it is not more technology, a more profitable loan product or new fee income services. What your bank needs is culture and specifically, the ability to adapt. While that sounds like a trite business book topic and can easily be dismissed as pabulum, it is critical to success and only a few banks have it.
Accenture
FEBRUARY 16, 2016
Following my previous blog about Big Data Analytics and Cyber-Security, this second post in my series on payments highlights banks and FinTech hubs as well as blockchain and cryptocurrencies that continue as important priorities for banks. Banks & FinTech Hubs Strong growth. Read more.
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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 16, 2016
Silicon Valley is coming to banking? Nonsense. That happened long ago — just ask Silicon Valley Bank, a financial institution built to serve the world’s center of innovation. Few bankers can claim better knowledge of what the tech giants are up to. Startups, you say? SVB claims it banks a staggering two-thirds Read More.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
South State Correspondent
FEBRUARY 18, 2016
Introduced in 1937 in an Oklahoma Humpty Dumpty supermarket, the shopping cart has proven to increase per person sales and extend shopping time. A boost to many retail establishments, it is often said to be a predictor of retail health. More shopping cart sales equals more store openings. The problem is that sales are slowing. This is germane to banks as commercial real estate exposure related to retail property financing composes an estimated 22% of community bank commercial real estate (to als
Accenture
FEBRUARY 17, 2016
A few times a year, I work with my team at Accenture Research undertaking an extensive review of the financial services industry to identify key trends impacting the market and our clients. We explore trends that are ongoing (e.g., use. Read more.
Bank Innovation
FEBRUARY 17, 2016
Google today relaunched its Google Ideas think tank as Jigsaw, a technology incubator, and the new venture has several projects aimed squarely at some of banking’s thorniest issues. Officially, Jigsaw’s “mission is to use technology to tackle the toughest geopolitical challenges.” But several of those “challenges” confound financial services.
Chris Skinner
FEBRUARY 15, 2016
I don’t get to use the word Kaleidoscope often, so finding this excellent Infographic that includes me and a few friends, gives me the chance to throw it into the blog for a change. After all, this Infographic provides a veritable Kaleidoscope of Fintech. As we all know, Fintech is everywhere.
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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
South State Correspondent
FEBRUARY 17, 2016
If you handle deposits or look to issue a certificates of deposit special in the near-term, then you should read this because most banks get their callable certificates of deposit (CD) valuation completely wrong and, as a result, underutilize the product to help lower the funding cost of the bank. For the record, we are not advocates of any CD that markets on rate, as a majority of time a customer’s predilection for rate is highly correlated to low or negative lifetime value.
Accenture
FEBRUARY 16, 2016
By 2017, close to three billion people will be using social media. 1 This near-ubiquitous channel presents financial institutions with a tremendous opportunity to create new relationships or strengthen existing ones. We are encountering more and more financial institutions taking. Read more.
Bank Innovation
FEBRUARY 18, 2016
No, this is not a Peyton Manning post. New data released today shows that finance ads during Super Bowl 50 performed better than ever. And PayPal, in particular, posted the highest “likeability” score of any finance ad shown during a Super Bowl, according to ACE Metrix. In total, 11% of Read More.
Chris Skinner
FEBRUARY 17, 2016
As David Cameron negotiates a new EU contract in Brussels today, the UK referendum on a Brexit takes place during the summer, with some saying as early as June 23rd. There’s a YES campaign to stay in the Union and a NO campaign to get out.
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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.
South State Correspondent
FEBRUARY 15, 2016
Last week we discussed the strategy of offering 10-year fixed rate loans that adjust after the first 5 years. We considered why historically this strategy worked for some banks and why it may not work as well for banks in the future. If interest rates rise as currently expected by the market, 5-year adjustable loans expose banks to interest rate risk, prepayment risk and sales risk.
Accenture
FEBRUARY 19, 2016
In the first blog in this series, I highlighted the move by leading banks worldwide to become an “Everyday Bank” by unlocking the potential of their core banking function, harnessing the power of digital technologies to respond to changes in. Read more.
Bank Innovation
FEBRUARY 16, 2016
ALPHABETICAL LIST Adyen Alipay BankMobile BBVA Digital Asset Holdings Level39 MasterCard Robinhood Silicon Valley Bank Social Finance Venmo WeChat Honorable Mentions | Coolest Brands 2016 Home.
Chris Skinner
FEBRUARY 15, 2016
Things we’re reading today include … HSBC will remain in London after board makes final decision on bank HQ UK banks vulnerable to global shock, economist warns Citi’s top bankers could avoid UK rules Stress and the City: Britain’s bank workers buckle under pressure German poll finds one in three firms would leave UK after …
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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.
Abrigo
FEBRUARY 18, 2016
In this webinar, Sageworks is teaming up with Linda Keith CPA again to bring you more great information about tax return analysis. Linda has been a guest speaker on several Sageworks webinars that covered topics like Global Cash Flow , Red Flags for Tax Return Analysis and Making Judgement Calls for Tax Return Analysis. This time, Linda will be discussing "The C's of Credit Guidelines for Tax Return Analysis.
Insights on Business
FEBRUARY 19, 2016
My engagements with a number of global banks of various sizes over the past several months have been on one common agenda. What should be their strategy for Digital Banking transformation? This is definitely related to the inflection point that the banking industry is today both from their own inability to drive change for rapid digitization and also to address the threat from non-banking firms.
Bank Innovation
FEBRUARY 18, 2016
Say goodbye to the 16-digital credit card number. MasterCard today was awarded a patent for what it calls “variable length bank identification numbers.” Essentially, the patent protects a computer system developed by MasterCard, one of the world’s largest payment networks, to assign account numbers that are not 16 digits long. The patent Read More.
Chris Skinner
FEBRUARY 14, 2016
Our main stories of this week includes … Is it Fintech or Techfin (Part One) In conversation with bankers and start-ups, it is clear that there is a differing view of the world.
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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.
Abrigo
FEBRUARY 17, 2016
Baby boomer business owners will retire in droves over the next decade, which means they will consider their options for passing on the business to family or key employees or for selling the business to a third party. However, this process will be a new experience for most owners, since chances are, they’ve never tried to exit a business before, according to a 2014 survey of North American business owners by the Business Enterprise Institute (BEI) , a business management consulting firm and netw
Gonzobanker
FEBRUARY 16, 2016
In 2015 we saw some major payments themes come to fruition with EMV/chip cards and tokenization. Now it’s a new year and time for bankers to really focus on their payments channel profitability. So what will be the next thing to revolutionize the industry? Will it be biometrics or block-chain technology? How cool would it be to pay for goods with an iris scan?
Bank Innovation
FEBRUARY 19, 2016
JP Nicols, himself a veteran of the wealth management space, discusses innovation in wealth management on this week’s episode of Breaking Banks. He speaks to Jay Shah of Personal Capital, Derek Corcoran of Avoka, and Eric Matteson of Finovate.
Chris Skinner
FEBRUARY 18, 2016
Things we’re reading today include … Insight: Parmesan bonds replace bank loans in Italy’s new credit order ECB expected to take further action to boost eurozone economy Politics nothing to do with curbing big banks: Fed’s Kashkari Citigroup plans to exit retail banking in Argentina, Brazil – Bloomberg Five Chinese bank execs arrested in Spain …
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