Chris Skinner
JANUARY 5, 2017
I kept Tuesday’s blog entry short because I knew that everyone was making predictions and writing much more in-depth pieces. Today’s guest blog entry is from Finanser friend David Horton. David wrote a great piece on LinkedIn over the holidays providing his five banking technology predictions for 2017 and has kindly allowed me to replicate it here. … The post 5 Banking Tech Trends for 2017 appeared first on Chris Skinner's blog.
Bank Innovation
JANUARY 3, 2017
AI systems may be getting smarter with the ever-expanding flow of data, but are they also getting more ethical? When it comes to fintech, artificial intelligence has a seemingly endless range of possibilities to transform present systems, so long as the AI system that is applied is constructed with the correct values Read More.
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Payments Dive
JANUARY 6, 2017
One of the more interesting discussions during the Digital Money Forum Wednesday at the annual Consumer Electronics Show revolved around consumer take-up of mobile payments technologies.
PYMNTS
JANUARY 3, 2017
Whether you believe the hype or not, blockchain technology is attracting massive investments, exploration and competition across the globe. In the last week alone, top players in the distributed ledger space have made progress in their own initiatives, from membership growth within blockchain consortia to the pursuit of distributed ledger-related patents by top banks.
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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
Chris Skinner
JANUARY 4, 2017
I kept yesterday’s blog entry short because I knew that today’s was long, and it’s a guest blog entry from my good friend Jim Marous. Jim produces a great report each year, curating the thoughts of 100 industry leaders including myself, on what is going to happen in the year ahead. Summarizing this year’s report, … The post Top 10 Retail Banking Trends for 2017 appeared first on Chris Skinner's blog.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Abrigo
JANUARY 6, 2017
Kimberley N. Ellison-Taylor, chairman of the AICPA , recently noted that technology tops her list of the most important trends shaping 2017 because it will drive so many of the profession’s opportunities and challenges in the year ahead. But how are accountants supposed to keep up with all of the technological trends ? To be certain, many accountants could make a full-time job out of simply trying to understand the various types of technology that can make their personal lives easier and their p
Payments Dive
JANUARY 5, 2017
The company said that the IoT will guide its overall strategy going forward. Samsung Pay will play a small role in that transition.
Chris Skinner
JANUARY 6, 2017
Anna Jacobson recently wrote a nice update, highlighting the best FinTech podcasts out there, including: Brett King’s Breaking Banks podcast looks at the ‘best of the best’ in the emerging FinTech sector and documents how the loss of trust, rapid consumer behavior shifts, massive technological changes, and increasing government scrutiny are disrupting the banking industry.
Bank Innovation
JANUARY 2, 2017
The fintech world has been going through a sort of an IPO freeze recently. The headwinds created by certain fintechs this year (looking at you, LendingClub) didn’t help much either. Venture capital funding continued to fall in the third quarter, according to data from KPMG Enterprise and CB Insights. Global financing Read More.
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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
PYMNTS
JANUARY 3, 2017
As the old joke goes, for corporate professionals, the procurement department is where you go to retire. Indeed, said KPMG ‘s Procurement and Operations in the Americas Practice Leader Samir Khushalani, historically, procurement has been viewed within the organization as a cost center that deals with straightforward transactions. And while technology progressed, with solutions providers developing company-wide infrastructure for businesses to manage all aspects of procurement, Khushalani
Payments Dive
JANUARY 3, 2017
It's time for a look back at December's most-read articles on Mobile Payments Today.
Chris Skinner
JANUARY 3, 2017
There are lots of predictions being made for 2017. After all, it’s that time of year. So, having reviewed whether mine were right or wrong at the end of 2016, my first blog for 2017 is to make 10 predictions for 2017. Rather than making this a long and detailed blog update, it’s just 10 … The post 10 predictions for 2017 appeared first on Chris Skinner's blog.
Bank Innovation
JANUARY 5, 2017
By now, traditional investors are familiar with the threat coming from roboadvisors. The fees and barriers to entry are lower, and millennials can do it all from their smartphones. But roboadvisors face considerable challenges of their own. Among other issues, standalone roboadvisors have steep customer acquisition costs. “Standalone roboadvisors do Read More.
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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.
PYMNTS
JANUARY 3, 2017
Heading into the new year, most everyone, retailers included, is looking within to enhance our lives and businesses from knowledge already ascertained and move that understanding forward. In the retail space, experts say the chatbot may be one of the best things a merchant can add in 2017. “Creating better real-time customer experiences based on conversational interfaces.
Bobsguide
JANUARY 3, 2017
1. The unstoppable rise of AI. Tech companies with artificial intelligence innovations are set to increase in 2016. AI will provide business users with access to powerful insights before they are available to them.
Chris Skinner
JANUARY 3, 2017
Things we’re reading today include … Commonwealth bank doors left unlocked on New Year’s Day Brexit: banks consider whether to start moving business out of UK Nationwide sees 10pc rise in customers thanks to Government account switching service China’s economy could grow 6.5 percent in 2017; devaluation could stabilize yuan: think tank Fears of a … The post Things worth reading: 3rd January 2017 appeared first on Chris Skinner's blog.
Bank Innovation
JANUARY 4, 2017
Bitcoin certainly celebrated the New Year right. Crossing over into 2017, the original cryptocurrency topped $1,000 US in value, just in time for its birthday (yesterday marked the anniversary of the day the genesis block of the bitcoin blockchain was created by the still-elusive Satoshi Nakamoto.) This also marks the Read More.
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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.
PYMNTS
JANUARY 4, 2017
Canadian financial technology companies backed by venture capitalists reached a level not seen in nearly two decades, despite a slowdown of investment dollars flowing into FinTechs in the U.S. According to a report by Reuters , while FinTechs may not be red hot in the U.S., in Canada , they are breathing new life into the startup market and have drawn in a new crop of venture capital funds in Canada that are looking for young FinTech companies.
Let's Talk Payments
JANUARY 6, 2017
Being on the verge of tech-powered evolution, Canada’s FinTech landscape has been a hotbed of activity with over 100 Canadian FinTech startups raising over $1 billion since 2010. A progressive traditional.
Chris Skinner
JANUARY 6, 2017
Things we’re reading today include … JP Morgan boss says France won’t lure City workers with current employment laws After Brexit Funding Circle gets £40m in state backing to tackle business loan squeeze ‘A major bank will fail’ Japanese insurance firm replaces 34 staff with AI Young to inherit more but in less equal amounts, … The post Things worth reading: 6th January 2017 appeared first on Chris Skinner's blog.
Bank Innovation
JANUARY 6, 2017
Professionals in the financial services industry are focusing their energy on regulation and data management, according to a survey from consulting firm and technology services provider Synechron. Financial regulation remains the top concern for the new year among those in the financial industry, with 38% of the firms surveyed marking Read More.
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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
JANUARY 6, 2017
Hackers — in case anyone was still left wondering — are not going anywhere anytime soon. The environment is simply too rich with targets. And given the tens of billions of IoT devices expected to be logging on — and possibly logging into payments functions — the environment is only getting richer and more tempting. And in an age where cybercriminals seem to be ubiquitously lurking at all times, security becomes every merchant’s, issuer’s, card network’s and consumer’s problem.
Let's Talk Payments
JANUARY 4, 2017
Tech-powered innovation gradually comes to every vertical of national ecosystems – the financial services industry, the insurance industry, manufacturing, etc. The governing structure – the founding element of every nation.
SWBC's LenderHub
JANUARY 6, 2017
Technology has had a major impact on many industries and the financial services industry has certainly not gone unaffected. The future is here now and the financial footprint has become global. To ensure a share of market, it’s vital to prepare ourselves to maximize multiple delivery channels and telephone and email are two of those.
Bank Innovation
JANUARY 4, 2017
Another day, another dollar—only this is fintech, so it would be more accurate to say another day, another multi-million investment in blockchain, virtual currency, mobile banking, e-commerce, and/or all of the other technologies on the playground. So far, 2017 fintech funding hasn’t veered far from the areas of interest in Read More.
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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