Bank Innovation
AUGUST 23, 2016
It’s a truism that expense reporting sucks. Keeping your receipts together (and the ink may be toxic) and then typing up a summary to hand over to finance and wait who knows how long to be reimbursed — what a pain. Then the finance department has to input paper documents into Read More.
Chris Skinner
AUGUST 25, 2016
Digital identity is a complex area, as discussed yesterday. First, it is focused upon shared ledgers and blockchain, not just blockchain; second, it needs to have some permission basis; third, we need to have a structure agreed for who is providing permissions; and fourth, it is a structural challenge for industry and government, rather than … The post 12 Standout Start-ups Focused Upon Blockchain Identity appeared first on Chris Skinner's blog.
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Payments Dive
AUGUST 23, 2016
Baron Concors, Pizza Hut global chief digital officer, said the “focus on mobile is a focus on customer,” and that retailers must turn their mindset to becoming students of human behavior.
Abrigo
AUGUST 26, 2016
One of the biggest shifts in banking in the past few years has been the decline of the branch. As Anthony Burnett of LEVEL5 , a branch consultancy, mentioned in a recent webinar , many banks are struggling to make the old branch model work in the modern banking environment. In a time of increasing mobile and online banking, many bankers may be wondering what the future role of the branch is.
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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
AUGUST 26, 2016
It was announced this week that four of the world’s banks—Santander, UBS, BNY Mellon, and Deustche Bank—are collaborating, along with brokerage firm ICAP, in order to produce what they’re calling a “utility settlement coin,” or USC, run on blockchain technology, originally the rails beneath bitcoin and now the talk of the financial, corporate, Read More.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
AUGUST 23, 2016
PayToo CEO Michel Poignant thinks the industry is approaching mobile wallets the wrong way.
Abrigo
AUGUST 26, 2016
Day in and day out, bankers face a number of pressures as they do their jobs. They must find new customers and keep current customers happy. They must keep a tight rein on expenses and avoid running afoul of the many regulatory requirements for their institutions. And they must keep an eye on competitors and external pressures to make sure tomorrow’s results will be as strong as today’s.
Bank Innovation
AUGUST 25, 2016
Bank of America, a financial institution with 3.2 million small business customers, announced today it has partnered with fintech startup Viewpost to open the wider world of fintech, specifically the modernization of payments, to small businesses. “It’s important to move the dialogue beyond the transactional friction,” said Mark Eliscu, CEO of Viewpost.
Chris Skinner
AUGUST 23, 2016
There are a number of base blockchain platforms that are important in the payments sphere, with the three leading players being Bitcoin, Ethereum and Ripple. These are the base development platforms, rather than a payments service per se, and choosing which to use is intriguing as they all offer something different. Bearing in mind that … The post Nine Standout Start-ups Focused Upon Blockchain Payments 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
Payments Dive
AUGUST 26, 2016
Is a loyalty program really what consumers need to use mobile payments and mobile wallets?
PYMNTS
AUGUST 22, 2016
There was a time when it seemed that ubiquity would become the focal point of full-service and mobile payments systems. Experts believed that universally accepted mobile wallets from trusted companies like Apple or Samsung would dominate the new wave of payments. That belief was perhaps misguided, according to Stephen Goodrich, president and CEO of ZipLine, the company that built the loyalty and mobile payments app known as SmartPay for popular convenience and gas chain Cumberland Farms.
Bank Innovation
AUGUST 22, 2016
Is blockchain reaching a tipping point? I’m not talking about the public, but among the early adapters who set the tone for what comes one or two years down the line. A little evidence: A Juniper Research study reveals that venture capitalists have poured $290 million into blockchain technologies and bitcoin companies Read More.
Chris Skinner
AUGUST 22, 2016
I’ve blogged for over a week about blockchain based developments in Clearing & Settlement and Trade Finance, and will continue for another week talking about the developments in Payments and Digital Identity. However, at this point, I should clarify that I use the term blockchain as an overall term to describe what is happening. I … The post Applying Blockchain to Payments appeared first on Chris Skinner's blog.
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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.
Independent Banker
AUGUST 25, 2016
Wisconsin bank uses LEAD FWD Summit as a development resource. By Tim Cook. You can feel the energy boost at Park Bank from its leadership development program. Young employees at the community bank in Madison, Wis., are excited. They’re learning new skills. They’re undertaking new challenges. They’re contributing new ideas. “It really gives people a sense of ownership,” explains James Hegenbarth, the bank’s president and CEO of the employees who have participated in the leadership development pr
PYMNTS
AUGUST 24, 2016
Popular announced on Tuesday (Aug. 23) that it has become the second financial institution in the U.S. and the first in Puerto Rico to offer its credit cards for use in Cuba. In a press release , Popular said the Mastercard credit cards of its two banking subsidiaries, Banco Popular de Puerto Rico and Popular Community Bank, can be used at any of Cuba’s authorized merchants and ATMs throughout the country.
Bank Innovation
AUGUST 24, 2016
MasterCard showed off its updated Masterpass mobile wallet at The Barclays golf event this week. Banks can embed the service to form their own digital wallet, and they won’t even have to pay Apple. There are 17 initial bank partners who supported the enhanced Masterpass, updated as of last month but just now receiving Read More.
Chris Skinner
AUGUST 26, 2016
I can’t finish writing my blockchain and DLT dialogue without wrapping up the missing bits. This blog series is not meant to be an exhaustive list of every company and every use case, just the ones that stand out for me in a banking context. There are others such as syndicated loans, compliance and more … The post How much is being invested in blockchain start-ups?
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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.
Bobsguide
AUGUST 26, 2016
Gender equality has been under scrutiny for well over a year now in the fintech industry. Do I believe there is an issue? Sure. Do I want to talk about it? 100%. However, my concern is that there is a definite and very strong ‘half empty glass’ public perception on this subject, and.
PYMNTS
AUGUST 24, 2016
With advancements in technology, parents are doing their homework online before making purchases online and in-store. The Vantiv Back-to-School Report — Special Edition takes a look at the latest back-to-school shopping trends and includes hot-off-the-presses insights from Google. Twenty years ago, taking a trip to the mall or retail store for some good old-fashioned back-to-school shopping was the norm when it came to getting new outfits and supplies.
Bank Innovation
AUGUST 23, 2016
No matter what industry you’re in, the chance of success depends on the knowledge and insight you have regarding your customer base, which for both traditional banking institutions and fintech startups means focusing on millennials. The millennial desire for speed, ease, and efficiency has been remarked upon almost exhaustively in fintech, Read More.
Chris Skinner
AUGUST 22, 2016
Things we’re reading today include … Bank branch closures trigger high street alarm bells Establishment has much to learn from new breed of retail banks This is how scammers are using iPods to steal your bank details FCA reviews blockchain companies BBVA warns bonus cap hurts tech push U.S. banks want to cut branches, but … The post Things worth reading: 22nd August 2016 appeared first on Chris Skinner's blog.
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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.
NCR
AUGUST 24, 2016
Today’s world is no longer a nine-to-five environment. Instead, consumers expect to be able to interact with companies whenever and wherever they are, so it is vital businesses offer always-on services in order to meet these demands. The banking sector is no different. But what do we mean when we say ‘always-on services’? Clearly, it starts with ensuring that consumers have constant access to their accounts, but there’s a lot of work that must be done to make this a reali
PYMNTS
AUGUST 26, 2016
You know what they say, everything is bigger in Texas. That couldn’t ring truer for the state’s capital, which many consider to have a tech scene bursting with potential and growth. Though Austin may fall in the shadows of bigger U.S. tech hubs, like Silicon Valley and New York City, the city has been recognized as having a fast-growing tech sector with strong expansion.
Bank Innovation
AUGUST 24, 2016
As reported last week, Goldman Sachs just announced the creation of a new retail lending arm to launch in October, named Marcus after one of its founders. No one is really all that concerned about whether or not Marcus will be able to do its job— it’s Goldman Sachs after all, and has access to so Read More.
Chris Skinner
AUGUST 25, 2016
Things we’re reading today include … U.S. banking regulators focused on cyber security after SWIFT attacks Asian companies have world’s worst cybersecurity says study Blockchain may help banks renew image Landlord lender OneSavings Bank defies housing slowdown with surging profits Suits join the hoodies with blockchain push Deutsche boss: negative interest rates are ‘fatal’ Lloyds … The post Things worth reading: 25th August 2016 appeared first on Chris Skinne
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