Payments Dive
MARCH 9, 2018
All the necessary software and hardware components together with the processes for the creation of the connected car pay at pump use case are currently available. The creation of a commercially viable, fully integrated solution is the next step and there are no technical or regulatory barriers to doing so.
Chris Skinner
MARCH 7, 2018
I recently wrote an article for Bloomberg’s Business Week, and thought it worth sharing with y’all here: What’s next for blockchain? Everyone got very excited a few years ago about blockchain technologies, the ledger system that was spawned by the arrival of bitcoin in 2009. It allows the recording of … The post What’s next for blockchain?
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Bank Innovation
MARCH 9, 2018
As if reports of Amazon’s bank hasn’t shaken up the financial industry enough, a new report by Bain & Company shows that the “Bank of Amazon” could amass more than 70 million customers within the next five years, directly rivaling Wells Fargo bank, which currently has about that number of customers. The reports lead authors.Read More.
PYMNTS
MARCH 9, 2018
Foreign exchange solutions company OANDA is enhancing its application programming interface (API) that opens up its foreign exchange (FX) technology to third-party apps. The company announced news on Thursday (March 8) that its Exchange Rates API has been updated to include real-time FX rates. According to OANDA, the API supports updates to FX rates every five seconds, enabling third-party developers to integrate this solution into their own mobile apps.
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
MARCH 8, 2018
Dr. Louise Beaumont, strategic adviser at Sapient Consulting, discusses the e-commerce's potential interest in banking.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
MARCH 5, 2018
EXCLUSIVE–Top cryptocurrency exchange Coinbase just got more competition. Several startups are launching marketplaces to rival the crypto giant in the next year. One of those startups, Hoard Invest, a current member of INV Fintech’s Class 4, will launch its beta product, a cryptocurrency exchange platform, in April of this year. The platform will be available.Read More.
Insights on Business
MARCH 7, 2018
“If the bringing of women – half the human race – into the center of historical inquiry poses a formidable challenge to historical scholarship, it also offers sustaining energy and a source of strength.” – Dr. Gerda Lerner. On this International Women’s Day 2018 and to continue Women’s History Month , I would like to acknowledge and reflect upon some of the extraordinary, and often understated, work that women have contributed not just to this company, but to the good of
Payments Dive
MARCH 6, 2018
Jim Ensign from Republic Bank discusses how financial institutions can improve the customer experience.
Chris Skinner
MARCH 8, 2018
Today, I appear to be pretty well-known and respected in the FinTech community. Often voted as an influencer, invited to give keynote speeches at megaconferences and the successful author of 15 books, as well as chairing and being an advisor to many companies, life is pretty good. But it wasn’t … The post Why being made redundant was the best thing that ever happened to me appeared first on Chris Skinner's blog.
Advertisement
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
MARCH 7, 2018
EXCLUSIVE–The potential use cases of blockchain technology in banking continue to captivate bankers, but topics like cryptocurrency and Initial Coin Offerings, or ICOs, may be losing a bit of their edge. This is according to a panel on the subject during Bank Innovation 2018, which wrapped up yesterday in San Francisco. Speakers on the panel,Read More.
PYMNTS
MARCH 7, 2018
Blockchain is now an official word in the Merriam-Webster dictionary. Of course, the FinTech industry doesn’t have to look it up, but the dictionary now defines blockchain as a technology that enables the keeping of records of financial transactions in a digital database as part of a publicly accessible network. The addition of blockchain to the dictionary is symbolic of the technology’s continuing proliferation.
Bobsguide
MARCH 8, 2018
Dave Beach spoke to Pavol Magic, CEO of Biotron.io about the challenges and opportunities of the data market. Biotron.io is a user-permissioned and revenue sharing personal data warehouse benefiting from blockchain transparency to provide the most accurate user analytics, helping organizations make.
Chris Skinner
MARCH 5, 2018
A last post about financial inclusion and banking. I pondered the thought of how people who get inclusion will gradually rise and upscale to full service banking. I see it almost as a ladder of steps from exclusion to banked as follows: Step One: Financially Excluded (Hawala) These are people … The post The stepladder of inclusion appeared first on Chris Skinner's blog.
Advertisement
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
Bank Innovation
MARCH 9, 2018
EXCLUSIVE - On March 6 in San Francisco, 12 impressive startups demoed their latest in fintech technology at INV Fitnech's 2nd annual demo day. INV Fintech, the sister accelerator to Bank Innovation, is partnered with Fiserv and eight banking partners with over $3 trillion dollars in assets. The startups were carefully scrutinized and selected from.Read More.
PYMNTS
MARCH 5, 2018
PayPal looks to increase the adoption of cryptocurrency as a payment method by recently filing for a patent application. CoinDesk , citing an application with the U.S. Patent and Trademark Office titled “Expedited Virtual Currency Transaction System,” lays out a method by which private keys are traded from buyer to seller in an effort to cut down on the time it takes for payments to go through between a customer and a merchant.
Gonzobanker
MARCH 6, 2018
Despite a healthy economy, banks are closing branches at a record pace. According to a recent report from the Wall Street Journal, more than 1,700 branches closed in the last year. Data from the recent Cornerstone Performance Report for Banks supports this trend, with the average branch processing just three consumer loans per month. Can a bank making just three loans per month per branch justify the physical distribution of sales?
Chris Skinner
MARCH 9, 2018
I’m having lots of discussions about tokenisation and cryptocurrencies, and it often boils down to hashing the data. Hashing data is taking the source information which may be your account details or card information and shortening it into a machine-readable link that doesn’t share the original data. It’s a little … The post Making a hash of it appeared first on Chris Skinner's blog.
Advertisement
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.
Bank Innovation
MARCH 6, 2018
Data analytics is the most common digital technology currently being used by banks, a new report by consultancy Infosys, released yesterday, stated. But how are banks really making use of the technology? Data analytics-- which is just what it sounds liker-- is currently being used by 73% of the 1,000 bankers surveyed for the study,Read More.
PYMNTS
MARCH 7, 2018
Ripple — the blockchain company whose technology powers the cryptocurrency XRP — has created a new payment app in which transactions are settled instantly. According to news from CNBC , the new app was created with a group of 61 banks in Japan. Dubbed Money Tap, the mobile app will launch in the fall and will be initially offered through SBI Net Sumishin Bank, Suruga Bank and Resona Bank, three of the consortium partners.
Bobsguide
MARCH 7, 2018
Bank account structure is a key aspect of treasury management but it is also one of the most complex to understand and implement for a treasurer. There are a range of options and trade-offs that a treasurer must consider; a corporate can establish a one-to-one account-to-business unit (BU) account.
Chris Skinner
MARCH 5, 2018
Things we’re reading today include … Brits are souring on app-only startup banks Amazon Checking-Account Plan Sees Banks as Partner, Not Prey Shadow banking grows to more than $45tn assets globally Theresa May promises City won’t lose grip on global finance Special Report: Fidelity puts 6 million savers on risky … The post Things worth reading: 6th March 2018 appeared first on Chris Skinner's blog.
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.
Bank Innovation
MARCH 6, 2018
EXCLUSIVE – Cryptocurrency is an asset class that enables a new kind of software, Adam Ludwin, co-founder and CEO of blockchain technology platform Chain said at the Bank Innovation 2018 conference in San Francisco. That software, according to Ludwin, enables decentralization. At Bank Innovation 2018 in San Francisco, Ludwin spoke on the topic. Even, bitcoin,Read More.
PYMNTS
MARCH 5, 2018
To create a financial product that would appeal to younger customers and those without a bank account, Amazon is reportedly in talks with big banks like JPMorgan Chase about designing a checking account-like product. The discussions are in the early stages, and there’s no guarantee the product would come to market, The Wall Street Journal reported.
Payments Source
MARCH 7, 2018
The many fintech startups that burst on the scene to compete with Western Union or MoneyGram are morphing into something else — white label providers for companies running on dated infrastructure.
Chris Skinner
MARCH 6, 2018
Things we’re reading today include … Amazon could become the third-biggest US bank if it wants to: Bain study Elizabeth Warren attacks ‘dangerous, wrong’ bill to relax rules on US banks RBS agrees to pay $500m in New York mis-selling settlement Is this the future of money? City watchdog bans … The post Things worth reading: 7th March 2018 appeared first on Chris Skinner's blog.
Advertisement
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.
Expert insights. Personalized for you.
382 
Let's personalize your content