Bank Innovation
MAY 3, 2016
The accounting giant Deloitte partnered with five blockchain startups to build a new core banking system, and offer blockchain solutions to companies worldwide, the company announced this morning. The partnership with startups BlockCypher, Bloq, ConsenSys Enterprise, Loyyal, and Stellar is yet another effort for Deloitte to push the blockchain technology into real-world Read More.
Chris Skinner
MAY 5, 2016
I got an interesting research report this week about consumer attitudes towards banks in Europe: More than a third of European consumers would move bank if they didn’t offer up-to-date technology to aid interaction Nearly a third are already embracing mobile payments, while a fifth are already using wearables and crypto-currency to pay Almost a …
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Payments Dive
MAY 6, 2016
Kristian Gjerding, CEO of CellPoint Mobile, wrote a recent blog post about how airlines are missing out on potential revenue opportunities by not partnering with the likes Apple and Google.
Accenture
MAY 6, 2016
At Sibos 2014, in Boston, I found myself at the Innotribe forum watching a presentation from Vitalik Buterin, one of the founders of the Ethereum blockchain who had the original idea and vision. He was then only 20 years old, 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
MAY 5, 2016
Mobile-first investments and financial health were on top of the agenda during yesterday’s fintech demo day in New York. Five startups demoed their latest wares during a meetup organized by Empire Startups. Here’s what you missed (in addition to the beer, snacks, and the chance to hang out with fintech’s Read More.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
MAY 6, 2016
Brands can learn a lot from the Starbucks reward program controversy — from using best methods in the program development stages, to structuring reward programs to remain flexible, to striking a smarter balance between customer happiness and business needs.
South State Correspondent
MAY 3, 2016
Since at least the early 1500’s, bank branches have been the central interaction point between a bank and its customers. Next to a bank’s staff, branches are one of the largest contributors to a bank’s overall brand and thus, rank highly on important items for customer satisfaction.
Bank Innovation
MAY 2, 2016
Satoshi has stopped hiding. Well, probably anyway. While some say we’ll never know for sure who created bitcoin (and perhaps more significantly, the blockchain that underlies it), an Australian entrepreneur has pointed the finger at — himself. Craig Wright was previously named as the possible Satoshi back in December, when Read More.
Chris Skinner
MAY 3, 2016
Another factor of reimagining finance for the internet age is the very nature of person-to-person connectivity and peer-to-peer networking. These two factors are very different and also different in the nature of how people are connecting.
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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
MAY 3, 2016
Richard Steggall, the CEO of Urban FT, examines how the proliferation of fintech products presents opportunity for small and midsized financial institutions to compete with large banks.
PYMNTS
MAY 5, 2016
Online fraud problem? What fraud problem? Judging from the latest Benchmark Report from CyberSource, online merchants are not only doing a great job of managing fraud, they are doing it across all online channels — and across all types of businesses. Doug Schwegman, Director of Market Intelligence at CyberSource, told MPD CEO Karen Webster that “what’s interesting is that trends are positive,” though Schwegman acknowledged that the study of 307 businesses was done last fall bef
Bank Innovation
MAY 1, 2016
1. Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile. Robinhood ranks Read More.
Celent Banking
MAY 2, 2016
Credit unions are almost twice as likely to change vendors as banks, with competitive churn rates of 7.6% compared to 2.7% for banks. Churn Rate measures the number of institutions in a given time period that either change or drop a vendor contract. Churn is broken down into two components: competitive churn, which measures the rate at which institutions are opting to change vendors, and consolidation churn, which measures uncontrollable factors like acquisitions or liquidations.
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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
MAY 5, 2016
The adaptation of digital technology across products, from clothing to coffee, is slowly reshaping what today's consumers expect from brands and their retail experiences. Here's one example, by Nespresso, of how the Internet of Things influences not only new consumer behaviors, but also revenue streams.
PYMNTS
MAY 2, 2016
After a few years of speculation — and a couple of fairly notable wrong guesses — the real creator of bitcoin has been identified — mostly because he identified himself. Australian entrepreneur Craig Wright has stepped forward and admitted to being the real “Satoshi Nakamoto.” Apart from the claim, Wright has also submitted proof in the form of coins known to be owned by bitcoin’s creator.
Bank Innovation
MAY 1, 2016
Source There are 1700 APIs (rounded) shared on the Financial Category of the Programmable Web directory, plus 1200 in payments. Government has 1150, e-commerce 2500, and mobile 2450. Xignite launched last September the #FintechRevolution API ecosystem, which is a consortium of 21 companies supporting and connecting developers with best-of-breed financial APIs.
Independent Banker
MAY 2, 2016
Community First Bank & Trust. Columbia, Tenn. ROAA in 2015: 3.63 percent. ROAE in 2015: 37.96 percent. Assets: $467 million. Retail locations: Eight. Employees: 109. Founded: 1998. Website: www.cfbk.com. By Jon Thompson. Community First Bank & Trust had an extraordinary 2015. It was the culmination of efforts over the past four years to recover from the impacts of the downturn in the economy that began in 2008.
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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
MAY 6, 2016
Kohl's customers can now tap Apple Pay to use their store charge cards and not miss out on earning loyalty rewards in the process.
PYMNTS
MAY 2, 2016
Though it’s an officially discouraged practice among drivers, Uber has been burning rubber with ambitious partnerships and service expansions over the past few months. What happens when Uber runs out of road to innovate on, though? It goes aquatic. Uber confirmed to CNN on Friday (April 29) that it would embark on a new venture in Dubai over the weekend where a chartered yacht will ferry a lucky dozen riders through the Middle Eastern city’s waterways.
Bank Innovation
MAY 6, 2016
“Blockchain — good, bitcoin — bad” has been quite a theme in financial circles recently. While many recognize bitcoin’s cost- and time-cutting benefits, big FIs in particular still seem unlikely to trust this new currency. When banks look into improving their payment rails, using bitcoin is not on top of the agenda, Read More.
CFPB Monitor
MAY 2, 2016
John L. Culhane, Jr. Last week, the CFPB announced that it had issued a Request for Information seeking comment on a set of prototype disclosures (the “Payback Playbook”) to assist federal student loan borrowers in selecting between alternative repayment plans. The CFPB’s announcement was accompanied by an announcement by the Department of Education of two new student loan-related initiatives, one directed at credit reports and the other directed at servicing.
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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.
Independent Banker
MAY 2, 2016
By Kevin Beckemeyer. The board of directors and management at Legence Bank value three key assets: our customers, our employees and the communities we serve. We believe each is vital to continued growth and success. For more than 100 years, we have provided a customer-focused commitment to quality that never stops for the individuals, families, businesses and communities we serve.
PYMNTS
MAY 2, 2016
Walmart is open — not just for business but to new technology ideas. After several years spent trying to infuse its multi-billion dollar business with more forward-thinking concepts with mixed results , last week, the retail giant announced that it will be conducting what amounts to an open call for tech innovation. It is looking to startups to potentially lead growth with big ideas and new technology solutions from small, agile companies.
Bank Innovation
MAY 2, 2016
The financial industry has long discussed the benefits of adopting blockchain – or distributed ledgers – in its operations. Storing records in the cloud are still a major concern, as FIs try to figure out how to tap into the technology, but IBM’s announcement last week is said to remove those Read More.
Bobsguide
MAY 4, 2016
E-commerce innovation and efficiency leapt forward in a big way in 2015. While it’s fairly standard to examine past success and the trends of the previous year, the most important thing retailers can do now is use that knowledge to stay ahead of the curve. Here are four of the most.
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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