Bank Innovation
JANUARY 20, 2017
Amazon wins, once again, at a game it didn’t even know it was playing. According to a Jan. 11 survey from Accenture, millennial participants would consider parking their money with nontraditional institutions, and they picked winners. Attractive alt-banking contestants included Apple and Facebook, but it was Google, and of course, Amazon, Read More.
Chris Skinner
JANUARY 18, 2017
I’ve been wondering for a while how so many companies can be starting up something in the same space, and how are they surviving? The reason for mentioning it is that we keep hearing these numbers around how many billions are being invested in FinTech, bitcoin, blockchain and such like, and yet I cannot see … The post FiBD: The FinTech B t Detector appeared first on Chris Skinner's blog.
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Abrigo
JANUARY 18, 2017
As anyone advising business owners knows, clients are often so busy with day-to-day operations and management that they find it tough to gain a big-picture view of certain financial aspects, such as cash flow. That’s one way the advisor adds true value to the relationship: By helping the business owner see the forest in spite of the trees and by showing the owner what’s possible with a few minor changes.
PYMNTS
JANUARY 19, 2017
This year could be the year that blockchain emerges from its current status as a largely hypothetical game-changer to one that’s put to the test. While few working applications of blockchain technology are in use today by financial service providers, the industry continues to place its confidence — and money — behind the technology. The latest is global consulting firm McKinsey, whose new report has put a price tag on the potential of blockchain: $110 billion.
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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
JANUARY 17, 2017
Turns out, not everyone is happy about the OCC’s decision to grant banking licenses to (suitable) fintechs. The New York State Department of Financial Services submitted a formal comment letter to the OCC today, saying that the latter, frankly, isn’t going to do the job of regulating fintechs — and isn’t Read More.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Abrigo
JANUARY 19, 2017
By Rich Greene, CEO - Director, Clarus Advisors How a company interacts internally to overcome obstacles is a key to building and expanding the enterprise value of the organization. Is there an inclusive process to review, anticipate and plan for changes and disruptions in the business and marketplace? Or a process to evaluate results? Is the process defined and routine, or ad hoc?
Accenture
JANUARY 19, 2017
The start of a new year is rich in possibilities. And for FinTech, there’s no question that 2017 will be a fascinating journey. The pace of innovation remains frenetic, with new initiatives in RegTech and InsurTech, to solutions addressing payments, Read more.
Bank Innovation
JANUARY 17, 2017
Thus far, the month of January has been an exciting time for AI — new smart technologies have demoed, new papers have been written, and new discussions about how to make sure our new synthetic friends don’t kill us have sprung up. According to Crunchbase’s annual Global Innovation Investment report, Read More.
Chris Skinner
JANUARY 20, 2017
We had a fun session of the Financial Services Club this week, in light of the lack of clarity on Brexit from the UK Gov. The discussion was our regular New Year kick-off meeting with special guest David Doyle, sage of all EU regulations affecting Financial Services. David provided us with great insight into the … The post EU priorities for financial services regulations, 2017 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
JANUARY 19, 2017
The Amazon Go store has no cash register or payment kiosk. Instead, shoppers scan themselves into the store using the free Amazon Go app, shop as normal, remove items from a store shelf, place items in a shopping bag, and leave the store.
PYMNTS
JANUARY 17, 2017
Google is taking the first steps to integrate its Google Assistant with different paid services. According to a report , citing an APK teardown by XDA, Google’s latest version of its app, 6.11.13 beta, has a string of code which the report said could be a sign that payments are coming to Google Assistant shortly. The report said the string of code shows that Google Assistant can handle credit cards and offer direct links to Google support.
Bank Innovation
JANUARY 20, 2017
Start the line now, people—bitcoin is now available on the New York Stock Exchange. Grayscale Investments, a New York based subsidiary of Digital Currency Group, today filed to list its fund, Bitcoin Investment Trust (look for GBTC on the NYSE), on the exchange for a public offering of $500 million. Read More.
Chris Skinner
JANUARY 19, 2017
So Theresa May made clear on Tuesday what the Brexit plan is … or did she? Some say that her plan is Vague (in reference to her appearance on the cover of Vogue) whilst others gave it a big thumbs up. Mind you, he did write most of it. The clear points that came out … The post #Brexit by 2021, and 1000s of City jobs lost 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.
Payments Dive
JANUARY 17, 2017
Roxanne Voidonicolas, marketing communications specialist at Sensibill, relays how financial institutions might be able to snag some market share from the incumbents such as Venmo and Square Cash.
PYMNTS
JANUARY 17, 2017
The IoT Identity Access Management (IAM) market is expected to explode in the coming years, with Research and Markets projecting the market size to go from $1.1 billion in 2016 to $4.97 billion by 2021. That represents a CAGR of 35.2 percent from 2016 to 2021. In a press release highlighting the new research, Research and Markets said the IoT IAM market is being driven in part by the growing number of companies that are adopting Bring Your Own Device policies.
Bank Innovation
JANUARY 19, 2017
Yes, it is almost impossible to keep tabs on all the new entrants of the wonderful world of fintech. But taking it one step (or five) at a time, should be enough to keep you up to date for many of the latest trends in the space. So, if you are Read More.
Chris Skinner
JANUARY 18, 2017
Things we’re reading today include … Voice trouble How finance is being taken over by tech Morgan Stanley’s profit doubles on bond-trading surge Deutsche Bank sees fourth quarter pretax impact of $1.2 billion from DoJ civil penalty The 5 most expensive buildings in the world City figures give stoic welcome to May’s plans for EU … The post Things worth reading: 18th January 2017 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
JANUARY 20, 2017
Mobile Payments Editor Will Hernandez saw Honda's in-vehicle payments demo at the annual Consumer Electronics Show in Las Vegas and discusses what will determine its success.
PYMNTS
JANUARY 20, 2017
We all know that paper-based processes are inefficient at best, error-prone at worst. When it comes to getting, workers paid, such shortcomings can have an outsized effect, as checks can get lost or never cashed. The environment for the adoption of prepaid cards in a payroll setting is a mixed one. On the one hand, employees and employers see a streamlining of process and tracking.
Bank Innovation
JANUARY 18, 2017
When it comes to banks, only 26% of Americans strongly agreed with the statement that banks had their best interests well in hand according to a recent report conducted by Salesforce—and unfortunately, the survey respondents do not seem to be making the same clear-cut distinctions between banking and fintech that Read More.
Chris Skinner
JANUARY 15, 2017
Things we’re reading today include … Post-Brexit vote, UK leapfrogs Sweden and US in allure Fintech groups fall short on gender equality For HSBC, the future is robo-advice and Asia Pound plunges to lowest level since October flash crash as markets brace for ‘hard Brexit’ speech JPMorgan looks for big payoff from lead in deposit … The post Things worth reading: 16th January 2017 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.
Bobsguide
JANUARY 18, 2017
Seven of the world’s leading global banks, HSBC, Deutsche Bank, KBC, Natixis, Rabobank, Société Générale and UniCredit this week announced an agreement in principle to develop a shared blockchain platform with the intention of making cross-border commerce a more.
PYMNTS
JANUARY 20, 2017
Big news from German startup investment company Rocket Internet suggests it plans to come back strong in 2017. Rocket Internet just recently closed a new $1 billion venture fund it will use for investing in early-stage and growth internet startups. Called Rocket Internet Capital Partners (RICP), the fund is now the largest fund of its kind in Europe, the company said in a press release.
Bank Innovation
JANUARY 20, 2017
In this episode of Breaking Banks, host Brett King reports from the CES 2017 conference. He talks to bestselling author (and former Apple Chief Evangelist) Guy Kawasaki; Robert Scoble; Michael Hafner, head of Mercedes Benz autonomous and assisted driving systems; Melisa Cefkin, principal scientist for Nissan Research Centre; and Itoki Fujita, who develops Read More.
Chris Skinner
JANUARY 18, 2017
Things we’re reading today include … City banks warn of Brexit job moves Credit Suisse finalizes $5.3 billion mortgage deal with U.S. Clydesdale and Yorkshire Bank to close dozens of branches JP Morgan Chase pays $55m over racial discrimination Deutsche Bank takes the axe to staff bonuses Wall Street’s animal spirits make a comeback City … The post Things worth reading: 19th January 2017 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.
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