Bank Innovation
MARCH 16, 2016
Millennials hate credit — but a new service called Lenny is out to change that. Lenny is meant for mobile (of course) and launched today in California. It will reach Texas, Florida and New York in the next 10 to 12 months, according to the company, which claims that, in less than three Read More.
Payments Dive
MARCH 18, 2016
What customers want is an easy way to use their fully functional mobile wallets to pay for everything from airline tickets to pharmacy items to clothing. And they'd be extra happy if their airline miles and retailer rewards balances could be incorporated into those transactions.
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South State Correspondent
MARCH 16, 2016
There are a handful of banks in this nation that really know their small business or commercial customer. They say they are about service and they actually walk the walk. They deliver superior service compared to the competition and they put the customer in the middle of everything they do.
Chris Skinner
MARCH 18, 2016
Having covered four ages of moneykind: Barter Coins Paper Chips What could possibly be the fifth? When we are just at the start of the Internet of Things (IoT), and are building an Internet of Value (ValueWeb), how can we imagine something beyond this next ten year cycle?
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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
MARCH 17, 2016
At one point in every taxi-driver’s vocational life, there is a moment when a particularly ungrateful fare makes the driver pine for payday, and ask why me? as they calmly circumnavigate the passenger’s quotidian woes. Today, Uber and Green Dot Corporation (NYSE: GDOT) announced a new version of GoBank mobile checking account Read More.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
South State Correspondent
MARCH 15, 2016
If truth be told, bankers don’t leave good voicemails to potential prospects. We have heard thousands and have received hundreds and they lack the basic elements of a good voicemail. It is not the banker’s fault because the art of voicemail is rarely taught. That is a shame as a good voicemail can make a difference. A good calling officer carves out at least 2-4 hours per day to prospect and can make 20 cold/warm calls during that time.
Chris Skinner
MARCH 12, 2016
Our main stories of this week includes … ValueWeb: Fintech is building the Internet of Value ValueWeb: How FinTech firms are using bitcoin blockchain and mobile technologies to create the Internet of Value After months of writing and editing, I’m delighted to say that my new book ValueWeb is now available.
Bank Innovation
MARCH 18, 2016
The humble ATM is holding up well. Folding notes are OK. According to research firm RBR, reported here, ATM cash withdrawals rose almost as quickly as cashless payments since 2010 (7.1% vs 7.6%). 4 Reasons Cash is So Resilient # 1: Merchants don’t like the fees on credit cards. # 2:Cash Read More.
Payments Dive
MARCH 18, 2016
Riksbank cites 'a high risk' that cash will disappear before alternative means of payment have become widespread, causing financial harm to some Swedish citizens.
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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
MARCH 14, 2016
While we know many of our readers have seen our data analytics on the best (green) and worst times (red) to market for deposits (below), but we just wanted to remind your bank that now remains one of the best times to market checking, savings, IRA and other accounts all thanks to the IRS and consumer behavior. This is a tactic that every bank should do because it is so effective.
Chris Skinner
MARCH 14, 2016
As you all know now, this week sees the release of my new book ValueWeb. Yes, you can buy it from today on Amazon or any of the other services you use.
Bank Innovation
MARCH 16, 2016
It’s a truth universally acknowledged that fintech startups need banks and the services — not to mention the regulatory protections — they offer. The Berlin-based “fintech company builder” FinLeap has taken this to its logical conclusion by building a licensed bank for its startups to leverage. The result, called solarisBank, calls itself a “technology Read More.
Payments Dive
MARCH 17, 2016
Under the agreement, Mozido will integrate its mobile wallet payment platform as the preferred payment option for the Saavn Pro premium offering.
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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.
Accenture
MARCH 15, 2016
A self-service revolution is sweeping retail banking. But who are the real winners—banks or customers? This new level of banking self-service is a reality thanks to digital technologies. Self-service channels including online and mobile banking options, interactive screens and remote. Read more.
Chris Skinner
MARCH 16, 2016
The Third Age: The Industrial Revolution The use of money as a means of value exchange, alongside barter, lasted for hundreds of years or, to be more exact, about 4,700 years. During this time, beads, tokens, silver, gold and other commodities were used as money, as well as melted iron and other materials.
Bank Innovation
MARCH 16, 2016
This week’s Startups to Watch are all pushing progress in different sectors. Respectively, these companies provide retirement options for staff at small businesses, a sleeker stock investment tool, and a digital wealth management adviser. However, at their core all three are about investments, and how to leverage a small advantage Read More.
Payments Dive
MARCH 18, 2016
Providing consumers with a rewarding and successful digital experience can be tricky given integration hurdles that come into play.
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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.
Celent Banking
MARCH 17, 2016
A recent article in American Banker suggests that US Bank is beginning to charge consumers $6.95 for an instant payment. To be fair, this is isn’t far off what many bill pay sites charge for an expedited bill payment, That said, my purely unscientific estimate for his article suggests that it’s usually several dollar less. In that instance, you can perhaps see the case – there are negative consequences for the payor for late payment, and the fee is often cheaper than the penalties that mig
Chris Skinner
MARCH 14, 2016
Things we’re reading today include … Oxfam says UK’s top 1% took quarter of all new wealth over past 15 years Insurers split over Solvency II Jailed Libor trader Tom Hayes seeks to keep Surrey home Systems creak under regulatory pressure RBS replaces people with ‘robo-advisers’ RBS to cut 550 jobs as part of plan …
Bank Innovation
MARCH 18, 2016
Ally Bank will add Android Pay and Samsung Pay functionality “later this year,” Bank Innovation has learned. These additions would join Ally’s Apple Pay service, which the bank introduced this week. In a fourth feature introduced in recent months to simplify and enhance customer use of Apple products for mobile banking, Ally Read More.
Payments Dive
MARCH 15, 2016
Andrew Molloy, the director of product of Ingenico Mobile Solutions, writes about the mPOS aspect of the EMV shift.
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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.
PYMNTS
MARCH 14, 2016
The blockchain has been considered a possible means to overhaul an array of aspects in B2B payments, including cross-border and smart documentation. One company wants to use the technology for supply chain management, including payments and invoicing, and, late last week, rolled out its solution to do so. Fluent said Friday (March 11) that it is debuting the Fluent Network, a blockchain-based software platform for cross-border B2B trade aimed at the businesses and financial institutions that pla
Finer Points
MARCH 14, 2016
It’s a funny thing. The buildup to the ICBA Community Banking LIVE® national convention is a massive undertaking, one that uses up every ounce of energy from ICBA bankers and staff. But rather than coming home exhausted, once again I’ve come home feeling more energized than before. How does that happen? Am I delirious with […].
Bank Innovation
MARCH 14, 2016
Microsoft may be a major player in blockchain but it doesn’t seem to care much about bitcoin. The Redmond, Wash.-based software giant dropped support for bitcoin in its online store today, posting the following notice: You can no longer redeem Bitcoin into your Microsoft account. Existing balances in your account will still be Read More.
Payments Dive
MARCH 15, 2016
Earlier, Microsoft released a statement on its website that it would not accept bitcoin. It has now corrected that statement and claims it will continue to accept the virtual currency.
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