Bank Innovation
FEBRUARY 14, 2017
What Amazon did with “Just Walk Out” stores was cool. Snap’s Spectacles – also interesting. Some may argue that Pokemon Go had a good run too. Those innovations may seem cool to the wider public, but we – the fintech-obsessed – dig deeper to uncover the underlying coolness within mainstream Read More.
Chris Skinner
FEBRUARY 17, 2017
We are already entering the fourth-generation internet, the internet of things, but it won’t really take off until the next decade, the 2020s. Sure, we have self-driving Teslas and Nest home appliances, along with Samsung’s Smart Things, but it’s not mainstream yet. For example, none of my friends has a self-driving car yet. This will change though, and it’s not just things on the internet, but a whole raft of technologies from robotics to artificial intelligence to machine learning, combined
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Payments Dive
FEBRUARY 14, 2017
Mobile apps such as Postmates and Uber have become the blueprint for great customer experiences. But what is it like to be on the other side of such services, particularly Postmates?
PYMNTS
FEBRUARY 13, 2017
Enterprise cloud adoption is reaching new heights thanks to maturity of the technology and newfound trust among corporates of cloud infrastructure. A new report by Intel Security , released today (Feb. 13), uncovers some promising trends for cloud technology in the enterprise: Greater trust in the tech overall, especially in public cloud infrastructure, are both apparent in the survey’s results.
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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
FEBRUARY 17, 2017
It has been a busy few months for IoT and in-car payments. IBM and Visa sealed a partnership to connect 20 billion devices by 2022, while Jaguar and Shell showcased fuel payments tech in the U.K. Honda and (again) Visa had their take on in-car payments at CES 2017 last Read More.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
FEBRUARY 17, 2017
Marketing strategies devised for millennials by older generations have been based on bad intuition, poorly curated data, and unquestioned, incomplete assumptions. That leads to bad guesses. When you're designing banking and payment systems for your next generation of customers, bad guesses can be expensive.
PYMNTS
FEBRUARY 13, 2017
Standard Chartered is hoping to fuel innovation by giving developers access to banking technology. The bank announced late last week that it is rolling out the Open Banking API Developer Portal that will enable developers to play around with banking technologies, first with a focus on transaction banking and cash management. Standard Chartered said it will look to wield the solutions created by developers on the platform for the bank’s own businesses.
Bank Innovation
FEBRUARY 15, 2017
This bank created an innovation lab, and that bank is launching a fintech team. But this other bank just started a blockchain focus group, and everyone else is investing in tech. Gone are the days when banks could afford to be “conservative” with new product launches and tech projects, which Read More.
Chris Skinner
FEBRUARY 15, 2017
From the origins of the internet in 1990, the end of the 1990s saw the emergence of e-commerce and a plethora of payments services and commercial websites. Then not a great deal happened until the internet became social. Blog platforms like WordPress and Typepad emerged in 2003; Facebook launched in 2004; and YouTube a year later. The era of the social web began.
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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 Source
FEBRUARY 17, 2017
The EMV migration has caused fraud to migrate to other channels. Issuers can make consumers aware of this threat and give them a handful of steps to spot trouble.
PYMNTS
FEBRUARY 16, 2017
Considering the mind-bending level of competition in the FinTech space today, the rise of the API may raise some eyebrows. After all, if a company has worked so hard to develop some type of financial technology, why would they want to lend that technology out to just about anyone? But the rollout of APIs from financial services and technology giants like Standard Chartered and Citigroup is a chance for the FinTech space to achieve greater levels of collaboration and innovation.
Bank Innovation
FEBRUARY 16, 2017
Cross-border payments are getting an update—but banks are keeping blockchain in the blockchain labs. Instead of distributed ledger technology, banks like Citi, Wells Fargo, and BBVA, are looking to projects like SWIFT’s global payments innovation service — or gpi — which went live today, following its January launch. “If [the Read More.
Chris Skinner
FEBRUARY 13, 2017
The last chapter of ValueWeb talks about what comes after the third generation internet: the internet of value. This is the internet being built today, based upon shared ledgers, cloud, apps, APIs and analytics. Of course, the next generation is the internet of things. But what comes after that? There is an answer, but you need to understand the shape-shifting of technology to really absorb the state of today and tomorrow.
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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.
Bobsguide
FEBRUARY 13, 2017
The fintech industry has seen tremendous growth in last decade. The sector now supports over 61,000 jobs and turns over billions in revenue for the British economy. The UK has grown in stature to be a global hub on the fintech stage, in terms of investment, employment and the number of fintechs in.
PYMNTS
FEBRUARY 16, 2017
Singapore is changing its rules on venture capital in an effort to support economic growth, reports said this week. According to Bloomberg , the Monetary Authority of Singapore published a new consultation paper that revealed new and existing venture capitalists will no longer be subject to the same rules that apply to fund managers overall, including capital requirements and business conduct regulations.
Bank Innovation
FEBRUARY 16, 2017
It seems like all the players in the marketplace lending space felt the cloud of uncertainty that surrounded the industry last year. Except for PeerStreet. The platform brings real estate to the marketplace lending space, opening up a previously inaccessible asset class to investors. Launched in November 2015, PeerStreet has been Read More.
Chris Skinner
FEBRUARY 13, 2017
Things we’re reading today include … Pay as you speak: Santander revamps voice banking app Co-op Bank up for sale after Bank of England warned its finances were off track Credit Suisse to cut 5,500 jobs in 2017 after $2.4 billion full-year loss Ex-Goldman banker Mnuchin installed as Treasury secretary The woman using technology to prove where food comes from RBS plays down claim it will cut 15,000 jobs.
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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
FEBRUARY 16, 2017
Earlier this month Juniper Research published a white paper titled Futureproofing Digital Banking 2017, in which it highlights its research data focused on the current state of the digital banking industry, and projects the future dependency of financial services on this growing market. Here are.
PYMNTS
FEBRUARY 14, 2017
Chase Merchant Services, the global payment acceptance and merchant acquiring business division of JPMorgan Chase & Co., just recently announced that veteran financial services executive Valeria Strappa has been named the new chief administrative officer. Matt Kane, CEO of Chase Merchant Services, said in a press release: “Val will be exceptional in helping lead our global and growing business, with her professional experiences, international background, and competitive spirit.”.
Bank Innovation
FEBRUARY 16, 2017
Behold, the rise of IoT—plus, the rise of the cashless economy? Visa, the payment processor responsible for over half of the world’s electronic transactions, will be integrating its credit card tokenization technology with Watson’s Internet of Things network. Watson is the crown jewel of IBM’s work in artificial intelligence, for Read More.
Chris Skinner
FEBRUARY 15, 2017
Things we’re reading today include … It’s about to get even better for the banks Bank or building society? European fintech deals hit 5-year high in 2016 Co-op sale would be ‘bad for competition and choice’ RBS accused of fraud and forgery by customers and ex-employee Lloyd’s of London angers staff with workday boozing ban Fatty fivers are here to stay: Bank of England will not pulp the new five pound notes – but may bow to vegan pressure over twenties.
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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
FEBRUARY 12, 2017
Blockchain has been much considered by the media in recent months as a relatively new concept. As part of this discussion there are many explanations out there for what it is, and its likely advantages for financial services generally. It is important to find some independent definitions for what.
PYMNTS
FEBRUARY 16, 2017
Payment with a connected device requires hardware, of course, at the point of payment. And till now, most often the point of payment required a specialized bit of hardware. Usually on a merchant countertop. . But in an initiative dubbed “The Genius of Things” Visa and IBM IoT platform – which includes Watson – announced today that they will bring smarter POS functionality – and Visa card acceptance – to any device that’s connected to the Internet. .
Bank Innovation
FEBRUARY 14, 2017
As many have predicted, 2017 is the year blockchain is set to break out of the Proof-of-Concept stage and into production environments. Over the past few years, I’ve been immersed within the bitcoin and blockchain space. It’s exciting to see the myriad of use cases for this technology being explored — conjuring Read More.
Let's Talk Payments
FEBRUARY 14, 2017
No, we are not talking about clairvoyance. LTP is known for breaking new grounds in terms of technology coverage in financial services. We wrote some of the early papers/posts on.
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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