Bank Innovation
NOVEMBER 15, 2016
Every year, Bank Innovation chooses the bank and fintech videos that made us laugh, the ones that made us cry, the ones that made us want to go out and buy baby animals, and of course, the ones that made us go out and better manage our finances (well, we tried.) Read More.
Chris Skinner
NOVEMBER 16, 2016
Just heard a really interesting point of view from Professor Tim Congdon, CEO of International Monetary Research. He was putting a clearly positive spin from a City viewpoint on the outlook for Brexit. He began by talking about Medieval times of doing business and stated that most financial activity took part outside the cities they … The post Why #Brexit is good for The City of London appeared first on Chris Skinner's blog.
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Payments Dive
NOVEMBER 17, 2016
A lot, actually. Which is why the ATM industry has seen a steady stream of rollouts this year — not only by financial institutions, but also by independent players.
Accenture
NOVEMBER 16, 2016
In 2001: A Space Odyssey, “Hal” the on-board computer says, “I’m sorry, Dave. I’m afraid I can’t do that,” and refuses to let Dave back into the main spacecraft. This is a nightmare scenario around artificial intelligence that has been. Read more.
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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.
Bank Innovation
NOVEMBER 12, 2016
Is an Open API much like an 24/7 Open house? Maybe it is in some ways but it can also be gated. I actually like to think of Open APIs, as Private, Open for Distribution, Open for Business. Pardon my thinking in progress as I watch and monitor the versioning, pivoting, Read More.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
NOVEMBER 18, 2016
Talbott Roche, the CEO and president of Blackhawk Network, discusses some ways smart brands are leveraging mobile payments systems through branded value to influence consumers' choices, generate engagement and create loyalty.
Accenture
NOVEMBER 15, 2016
Retailers have become more adaptive to respond to digital disruption, engage customers and improve competitiveness. Facing similar forces of change, retail banks must do the same. One way that banks can adapt is to learn from retailers’ transformation of in-store. Read more.
Bank Innovation
NOVEMBER 15, 2016
Financial Services accounts for 10% of GDP and 5% of employment in Switzerland and the country is a global leader in Wealth Management. So, what happens here really matters and what is happening is earth-shattering (and we normally avoid hyperbolic language on Daily Fintech). I mean radical in the positive Read More.
Chris Skinner
NOVEMBER 14, 2016
As I look back on my travels this year, it’s interesting to see where I have and haven’t been. Spent a lot of time in Singapore, Istanbul, London (obviously), New York and Washington. I count these as my hotbeds of fintech innovation. I’ve also briefly dropped in to Hong Kong, Berlin and Bangkok. These are … The post #Singapore’s #Fintech Festival appeared first on Chris Skinner's blog.
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Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.
PYMNTS
NOVEMBER 16, 2016
American consumers have fallen for mobile banking apps, but up to now, most businesses were not seemingly showing apps the same love. With the number of mobile banking customers now outnumbering those who bank at branches for the first time, consumers have warmly embraced banking via mobile apps. Despite that, the vast majority of American companies, particularly small businesses, have yet to adopt mobile financial management apps.
Abrigo
NOVEMBER 16, 2016
The following is written by Mary Beth Koester , Manager of Business Valuations at Rae & Associates. As you prepare clients for an exit, there are a few key areas and metrics to consider. Keeping in mind that exit planning can, and should, begin years in advance, you will be able to watch as these metrics change over time. You’ll become an important advisor to the business owner, making your role critical to their success.
Bank Innovation
NOVEMBER 18, 2016
U.K.-based foreign exchange app Revolut is shutting down its cards in countries outside the European Economic Area (EEA), including the U.S., Bank Innovation has learned. The move is said to be temporary. In the past few weeks, Revolut customers across the world received notifications that their cards will be inactive beginning Read More.
Chris Skinner
NOVEMBER 14, 2016
I heard this phrase – paranoia-as-a-service – for the first time recently, but I’m hearing paranoia in banking mentioned more and more often. It’s not surprising after the tesco hack, but what can you do about it? If banks are meant to be the most secure stores of value in this world, then how can … The post Paranoia-as-a-service 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
South State Correspondent
NOVEMBER 15, 2016
In 2016, bank marketing changed. Out was the reliance on in-branch brochures, print ads and a couple of events per year. In 2016, as an industry, banks started to embrace the power of social media which has now morphed into a trend of focusing on mobile. For 2017, a Trump Administration will bring more change, more volatility, and more uncertainty. Tax reform, trade, less regulation, higher interest rates and new programs will have households and businesses yearning for more financial analysis.
Abrigo
NOVEMBER 18, 2016
In a survey of community banks and credit unions at the 2016 Sageworks Risk Management Summit, 42 percent of respondents said Commercial Real Estate, or CRE, lending was their primary focus for loan portfolio growth. This reflects a larger industry trend. As noted in a recent American Banker article , many banks are increasing their investment in CRE loans, with many even exceeding the OCC guidance to limit CRE concentration to 300% of Risk Based Capital.
Bank Innovation
NOVEMBER 16, 2016
This week it was announced that InComm, a transaction solution and prepaid solution industry leader, will be piloting fraud prevention company Tender Armor’s CVV+ product in order to better protect cardholders against card fraud. “When consumers shop online they have no idea what the merchant is doing with their card Read More.
Chris Skinner
NOVEMBER 17, 2016
I’m losing track of the number of new banks that have announced they are launching in Britain. I say there’s 40, but there appears to be a new one every day. The latest one is Zopa, the P2P lender, who are branching out … not that they have any branches to begin with. So, from … The post Too many banks 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.
Payments Dive
NOVEMBER 15, 2016
Date: December 6, 2016 | Time: 11:00 AM ET | Duration: 60 Minutes | Adoption of device-based offerings have been tepid so far. Are you on the same page as your customers when it comes to mobile checkout? Join us to find out.
South State Correspondent
NOVEMBER 16, 2016
In Part I, we covered how bank marketing is changing from the reliance on in-branch brochures, print ads and a couple of events per year. Now that banks have embraced social media, 2017 will be the year that banks build on that understanding and not only wage proactive social media campaigns and interactions but get involved with advertising and expanded content.
Bank Innovation
NOVEMBER 16, 2016
One of the best things about the fintech world is the variety—it’s like a sushi bar for financial services; which is why learning about new startups is so much fun. With that in mind, here are three startups you should keep your eye on this week: PeerStreet You’re probably used Read More.
PYMNTS
NOVEMBER 16, 2016
Upward and onward seems like a hopeful phrase, doesn’t it? Unless it’s fraud you are talking about. At the end of 2014, the average U.S. household held five mobile devices, while, at the start of 2016, that number has increased to about 13. Tech is a wonderful thing, when used for the forces of good and for quality of life. But alongside that iPad your 10-year-old daughter needed, the rate of online fraud attacks on retailers has doubled, up 137 percent year over year in the first quarter of thi
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.
Payments Dive
NOVEMBER 14, 2016
Samsung Rewards is structured like a typical credit card rewards program with a few bonuses here and there.
Bobsguide
NOVEMBER 16, 2016
In the financial services industry, data has always been “big” Information derived from data is the fuel that drives the engines of global capital markets. Behind every trading decision – to buy, sell, or hold – is an analysis, whether based on a company’s.
Bank Innovation
NOVEMBER 18, 2016
The two most prevalent use cases for the blockchain in fintech are trade finance and cross-border transfers—moving money at a quicker pace and more securely, according to research by Coindesk. However, as has also been reported, security is becoming more of a concern for fintechs and for consumers, especially as our lives Read More.
PYMNTS
NOVEMBER 18, 2016
Poland’s startup ecosystem may be considered still in its infancy compared to larger European tech hubs, like London and Berlin, but that doesn’t mean it should be overlooked by entrepreneurs or investors. In this week’s installment of PYMNTS’ Weekly Tech Center Roundup , we look at how the country’s capital city is developing a tech landscape that’s quickly catching up with its western counterparts.
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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
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