Payments Dive
DECEMBER 29, 2016
All the signs seem to point to Sweden becoming an entirely cash-free country. However, the phasing out of a payment method that has been in use for centuries will not be simple, and it's possible that the country will never become truly cashless.
Bank Innovation
DECEMBER 27, 2016
2016 has been a year of many things. No, really, just look at this list of most trending Twitter topics of the year (spoiler: elections, Brexit and PokemonGo all made the list). But the memories are still fresh of, possibly, the most meaningful event in the fintech world: the Comptroller Read More.
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Chris Skinner
DECEMBER 30, 2016
I was looking through Google Analytics to see which of my blog entries had been most read in 2016. Here’s the list and, as you will see, it’s mostly people reading about blockchain news, although how to change the bank, fintech and innovation all get high rankings too. The top ten trends in banking innovation … The post The most read blog entries of 2016 (#fintech, #blockchain, #platforms) appeared first on Chris Skinner's blog.
Abrigo
DECEMBER 28, 2016
Aside from the accounting firm’s staff, technology likely represents the area where a firm has made its biggest investments over the years, so it makes sense that technology considerations should be included in discussions about possible mergers or acquisitions. However, according to industry consultant Jim Boomer of Boomer Consulting, people from a firm’s IT department are too often involved “too little and too late” in deals, if at all.
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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
Payments Dive
DECEMBER 27, 2016
Here's a reason for retailers to be "appy" this holiday season: Purchases made on mobile apps more than doubled in 2015, to nearly $50 billion. We look at holiday-specific shopper apps and how retailers can parlay these concepts into direct spending online and in the store.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
DECEMBER 28, 2016
Activewear brand Fabletics , which was co-founded by Kate Hudson in 2013, announced plans for a retail expansion across the U.S. in 2017. The once pure play eCommerce business will open 12 new physical locations next year, adding to the 18 existing Fabletics locations that began launching in the Fall of 2015. The company confirmed that the new locations will bring the brand’s total retail store count to 30 locations throughout the U.S.
Abrigo
DECEMBER 30, 2016
For accountants, valuation professionals and other business advisory professionals, financial presentations are a fact of life. Even if you are among the many people who fear public speaking more than they fear death, chances are that you will be required to present financials to clients or managers at some point in the coming year. Unfortunately, fear of presentations or taking the attitude that presentations are routine can result in a presentation that shortchanges the audience.
Let's Talk Payments
DECEMBER 24, 2016
Insurance globally is an industry with scale, with USD 4.1 trillion dollars of premium written in 2015 alone. It is also an industry on the cusp of change – attracting investor interest.
Bank Innovation
DECEMBER 30, 2016
If nothing else, 2016 was a year of change—nowhere more than in fintech, where developments in blockchain, payments, artificial intelligence, financial regulations, chatbots, and mobile rippled across the space to do what fintech does best—disrupt. With that in mind, let’s take a look back at our top ten fintech headlines Read More.
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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
PYMNTS
DECEMBER 27, 2016
Capital One’s Treasury Management Group is already looking ahead to how corporate treasurers will face the most modern of challenges in 2017. A new survey from the group published earlier this month found that 83 percent of treasurers are gearing up to upgrade existing technologies, or implement entirely new ones, in the coming year. In response to the survey’s findings, Capital One Executive Vice President and Head of the Treasury Management Product Management Group Patrick Moore sa
Bobsguide
DECEMBER 26, 2016
In an industry prone to hype and hyperbole, ‘reg-tech’ is one of the hottest new buzzwords on the block. Referring to technology that is designed to help banks and other financial institutions (FIs) comply with the increasingly complex regulation of their sector, reg-tech is now.
CFPB Monitor
DECEMBER 28, 2016
Barbara S. Mishkin. The CFPB has issued its December 2016 complaint report which highlights complaints about debt collection. The report also highlights complaints from consumers in Arizona and the Phoenix metro area. General findings include the following: As of December 1, 2016, the CFPB handled approximately 1,058,100 complaints nationally, including approximately 23,100 complaints in November 2016.
Bank Innovation
DECEMBER 29, 2016
Patent filings for blockchain technology have more than tripled since 2014; this spike includes patents filed by cryptocurrency exchanges such as Coinbase, payment processors like Mastercard, and banks like Goldman Sachs and the Bank of America. According to a report conducted by law firm Reed Smith, the most popular areas Read More.
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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.
PYMNTS
DECEMBER 29, 2016
There seems to be no shortage of action in the corporate banking space, whether it be scandals (like Royal Bank of Scotland’s Global Restructuring Group fiasco ), cyberattacks (such as the $81 million stolen from the central bank of Bangladesh) or anomalies like Brexit impacting top financial institutions across the globe. So, what can corporates expect from their banks in 2017?
Let's Talk Payments
DECEMBER 30, 2016
With 2017 around the corner, the financial services industry is way past the stage when technology startups and financial institutions are perceived as competitors, comprising an existential threat to one.
Bobsguide
DECEMBER 29, 2016
15.5% of digitally active consumers have used at least two fintech products within the last six months. This finding emerged from the survey that was conducted by Ernst and Young (EY), where more than 10,000 people in the UK, Australia, Canada, Hong Kong, Singapore and the US were questioned about.
Bank Innovation
DECEMBER 27, 2016
Could Microsoft be the first technology company to earn a one trillion market value? Analyst Michael Markowski seems to think so, citing the technology giant’s recent acquisition of professional social media site LinkedIn as the boost that pushed Microsoft into the race. According to Markowski, this places Microsoft alongside digital Read More.
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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.
PYMNTS
DECEMBER 28, 2016
Safety may come first, but the security guard industry hasn’t really been updated in decades. And, as a result, some argue the world is not as safe as it could be. However, one company — Bannerman — has created the technology close that gap and make people safer on a daily basis. As an “Uber of X” company, San Francisco–based Bannerman pairs security guards with businesses in high-rise buildings seeking protection.
Let's Talk Payments
DECEMBER 29, 2016
It’s now or never Customer expectations are often running ahead of the available options, creating a gap for innovators to fill. In the financial services industry, the speed of service.
Payments Source
DECEMBER 30, 2016
2017 promises to be a defining year for many in the payments industry. Here's a look at what to expect.
Bank Innovation
DECEMBER 28, 2016
Consumers are (mostly) done with holiday shopping, and Amazon seems to have had a great season. Actually, Amazon had its “best-ever season” of shopping, the e-commerce giant said yesterday. The company shipped more than a billion items worldwide through Amazon Prime and Fulfillment by Amazon, with company’s own digital assistant — Amazon Read More.
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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.
PYMNTS
DECEMBER 27, 2016
Chatbots have had quite the year. Bots can order a personal pizza , book a flight to anywhere , stir up a cocktail recipe, ship last-minute holiday gifts , memorialize dead relatives and bring back infamous “Friends” characters, register voters to vote or get a new driver’s license and help check your bank account. They can even incite a giggle during the conversation.
Let's Talk Payments
DECEMBER 28, 2016
“InsurTech is here to stay, and it will bring fundamental change to the insurance industry,” said Andrew Rear, Head of Munich Re’s Digital Partners. Indeed, in the recent history of.
CFPB Monitor
DECEMBER 29, 2016
Barbara S. Mishkin. The CFPB has filed an amicus brief in the U.S. Supreme Court in support of the respondent/consumer in Midland Funding, LLC v. Aleida Johnson , a decision of the Eleventh Circuit that held Midland’s alleged filing of an accurate proof of claim in the consumer’s bankruptcy case on a time-barred debt violated the FDCPA. In its brief, the CFPB argues that the Supreme Court should reject Midland’s arguments that the filing of a proof of claim that is accurate (i.e. pro
Bank Innovation
DECEMBER 29, 2016
In this episode of Breaking Banks, which aired on Dec. 15, Brett King hosts two renown tech stars- Keith Teare, a founding member of Tech Crunch and Archimedes Labs; and Brian Solis, expert in technology and customer behaviors. They discuss everything from robos to fake news.
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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