Bank Innovation
JULY 25, 2017
Want a national bank that’s mobile-only? So does Varo Money. Varo applied for a banking charter from the Federal Deposit Insurance Corporation (FDIC), as well as for a charter from the Office of the Comptroller of the Currenc, in the hopes of forming “Varo Bank,” the mobile banking startup announced today. “[Varo] was founded o […].
Chris Skinner
JULY 28, 2017
A long time ago, a man would go to work whilst the woman would stay at home. Thanks to a generation of change, women and men now work and no one has to stay at home. A long time ago, work was a place you went to and home was a place you rested. Thanks to a generation of change, work is now part of your home and spends all day with you. A long time ago, you could finish work and get a work-life balance.
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Payments Dive
JULY 25, 2017
China's mobile-payment incumbents have made it difficult for Apple Pay to gain a significant market share in the country despite Apple's best efforts.
PYMNTS
JULY 25, 2017
Technological advances are pushing the boundaries for what’s possible in a variety of industries. Within the retail industry specifically, artificial intelligence (AI) is moving the ball for a lot of merchants looking to not only streamline their business operations but provide a more personalized experience for consumers. Stemming from AI, machine learning is helping technology move at a swifter rate, and as more people bring their shopping needs into the online world, it’s likely that machine
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Bank Innovation
JULY 25, 2017
Digital bitcoin wallet Abra is introducing its digital money transfer application to a vast landscape of new users thanks to its integration with American Express, the companies announced today. “This is the first time a major credit card has partnered with a digital card,” Abra CEO and founder Bill Barhydt told Bank Innovation. “And it definitely […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
JULY 27, 2017
Fintech isn't just the new kid on the block anymore; it's got some serious dough behind it. But does it mean that fintech companies are the future?
PYMNTS
JULY 28, 2017
Automation has come to several industries. From manufacturing to customer service, there have been several parts of today’s workforce that have been automated by some form of smart technology. One in four Americans are currently at risk of having their jobs automated, according to a research paper from Ball State University, “ How Vulnerable are American Communities to Automation, Trade, and Urbanization?
Bank Innovation
JULY 24, 2017
Plastic cards just aren’t going to cut it anymore for workers in the “gig economy,” and businesses have to be ready. This goes for something as simple as travel and payment needs, according to Gint Baladis, vice president, global product management for American Express. What’s needed are virtual payments — non-card-based digital payments (that may […].
Chris Skinner
JULY 24, 2017
There are a few exchanges I use for trading cryptocurrencies such as Kraken and Coinbase, so I was interested to receive this email from Coinbase last Friday: Dear Coinbase Customer, We are contacting you to make you aware of recent developments in a number of proposals for technical changes to Bitcoin. All BTC stored on Coinbase will remain safe during these events described below.
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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
JULY 25, 2017
A new survey has revealed consumers have major concerns about the security of their payment card data.
PYMNTS
JULY 26, 2017
A new company is launching in India to support accounts receivable and invoice management for businesses. Announcing its rollout on Tuesday (July 25), PayBee said it is looking to digitize the B2B payments process to help companies enhance cash flow management. The company said it integrates with existing accounting, ERP and distribution management solutions already in place within business clients.
Bank Innovation
JULY 28, 2017
What makes the Starbucks mobile wallet such a popular option when it comes to paying for that morning coffee? Mobile payment at the coffee company’s U.S. stores increased to 30% of all stores, according to the earnings Starbucks reported yesterday, meaning just under a third of customers are now paying via mobile. Meanwhile, Starbucks Mobile […].
Chris Skinner
JULY 25, 2017
I really enjoyed a recent article on CGAP (the Consultative Group to Assist the Poor). If you don’t know them, CGAP is a global partnership of over 30 leading organizations that seek to advance financial inclusion. Housed at the World Bank, CGAP’s mission is to improve the lives of poor people by spurring innovations and advancing knowledge and solutions that promote responsible, sustainable, inclusive financial markets.
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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
Bobsguide
JULY 24, 2017
According to KPMG’s Pulse of Fintech report, fintech VC activity in Europe has hit a historically high level for successive quarters. In Q1 2017, global investment in fintech companies hit $3.2bn across 260 deals. Q1 2017’s total capital invested soared to $610m, which was noted as the.
PYMNTS
JULY 24, 2017
The cashless payments movement has a calendar attached to it, at least in China. Cashless Week in China is little more than a week away — running Aug. 1 through Aug. 8 — as Ant Financial Services Group announced earlier this year. The cash-free week will see the firm encouraging China to embrace digital payments, an offshoot of the company’s goal to make China as cashless as possible in five years — using Alipay as a springboard, of course.
Bank Innovation
JULY 26, 2017
Betterment users will now be able to seek advice from the world’s largest independent financial robo-advisers through the company’s mobile app. Today, the New York-based Betterment added a new messaging feature to their mobile app. This feature allows users to get specialized financial advice from licensed experts. Experts can offer advice on subjects like portfolio […].
Chris Skinner
JULY 26, 2017
Innovate Finance has just published their report on the first half of 2017, and the investments made in FinTech. Global VC FinTech investment attracts $6.5 Billion in H1 2017 –with UK investment up 37% reveals Innovate Finance H1 2017 saw 787 deals globally, attracting $6.5 billion of VC investment, a 45% decrease year on year for the same period (YoY) – however, if you exclude the mega-deals in China in H1 2016, where three companies raised over $1 billion each, we see that global investment ha
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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.
Let's Talk Payments
JULY 25, 2017
Initial Coin Offerings (ICOs) appeared on the horizon in the blockchain world with the first ever such issuance by a company called Mastercoin in 2013. The name has been changed.
PYMNTS
JULY 28, 2017
Beauty is and always has been one of humanity’s favorite topics. English poet Thomas Overbury famously observed that it is only skin deep, while Irish poet Margaret Wolfe Hungerford noted that it is “in the eye of beholder.” And while no one knows who exactly originated the phrase “beauty is pain,” it is quoted widely and liberally in salons, shoe stores and bridal salons nationwide.
Bank Innovation
JULY 24, 2017
Most Americans do not know that many non-traditional payments are not included in their credit history, according to a survey conducted by the Atlanta– based alternative credit bureau, FactorTrust. Of those surveyed, 71% assumed that all consumer history including short-term loans, online payments, rent-to-own payments were included in their credit history.
Chris Skinner
JULY 23, 2017
This week’s main blog headlines are … Why FinTech start-ups think they can beat the banks There’s an old joke about the guy who’s lost driving in the countryside who stops to ask a pedestrian how to get to the city. The pedestrian replies: “oh, if you want to get there, I wouldn’t start from here”, and this is exactly how … DenizBank, Turkey … the visible bank One of the presentations I particularly enjoyed at the EFMA meeting was from Gürhan Çam, Senior Vice President- Digital Banking at Deniz
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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.
Let's Talk Payments
JULY 26, 2017
Despite the ever-growing number of payments service providers, the payment experience itself will inevitably fade away into history (more precisely, become a back-end operation). However convenient and user-friendly modern payments.
PYMNTS
JULY 26, 2017
USA Technologies, the payment technology service provider of integrated cashless and mobile transactions in the self-service retail market, announced news Tuesday (July 25) of the closing of its underwritten public offering of 9,583,332 shares of its common stock at a public offering price of $4.50 per share. In a press release, the company said the foregoing included the full exercise of the underwriters’ option to purchase 1,249,999 additional shares from USA Technologies (USAT).
Bank Innovation
JULY 27, 2017
P2P may be growing fast for banks, but that doesn’t mean Venmo is giving up the P2P throne. Venmo users sent $8 billion in P2P transactions through the service in the second quarter, PayPal reported during its earnings call yesterday. This marks a more than 100% increase from this time last year, when Venmo users […].
Chris Skinner
JULY 26, 2017
Things we’re reading today include … Italian bank hit by major data breach RBS likely to avoid compulsory sale of Williams & Glyn Lloyds to pay back customers £300m in compensation for mortgage arrears errors Goldman launches new online lending strategy for mass affluent PayPal raises 2017 forecasts on growth in users, payment volumes City watchdog expands its crackdown on senior bankers to the whole financial sector Bitcoin fraud suspect Vinnik charged by US grand jury.
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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.
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