Bank Innovation
MARCH 21, 2017
A quick, seamless API for wealth management customer authentication and data aggregation may not fix all of SoFi’s problems, but it certainly helps. The alternative lender demoed its new Authentication API, built in partnership with Quovo, a financial data aggregator for wealth management, at the FinDEVr conference today. “What’s important to call out is the combo […].
Chris Skinner
MARCH 22, 2017
I blogged a year ago about TechFin, the incumbents’ view of applying technology to existing banking services, versus FinTech which seeks to transform the financial system. That has become one of the top search terms to find my blog, as it turns out, mainly because my blog entries are the first to be returned when searching for techfin. Interestingly that third one claims that Jack Ma, some guy from China, coined the term first, ten months after my blog entry.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Payments Dive
MARCH 21, 2017
Companies are always looking for new ways to solidify their relationship with their customer base and grow. Some do a good job while others miss. New technology often helps, but is not always the answer.
Accenture
MARCH 24, 2017
With the introduction of PSD2, a new era of secure payments has begun in the European Union. The new regulation is aimed at enhanced customer protection against fraud, with stringent liability and accountability requirements and strong customer authentication features. Read the report. PSD2 requires European banks and other payment service providers to allow customers’ accounts to be accessed via. application programming interfaces (APIs).
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 24, 2017
Major banks are getting increasingly comfortable with the idea of open banking. For Citi, the open banking initiative was marked by the launch of its global developer hub in November of last year. The hub was initially supported in three countries – the U.S., Singapore, and Australia – but has quickly spread to five more […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
MARCH 24, 2017
While 84 percent of shoppers are using their smartphone for retail shopping purposes, retailers are facing more than a few obstacles when it comes to downloads of a branded app.
Accenture
MARCH 24, 2017
With the introduction of PSD2, a new era of secure payments has begun in the European Union. The new regulation is aimed at enhanced customer protection against fraud, with stringent liability and accountability requirements and strong customer authentication features. Read the report. PSD2 requires European banks and other payment service providers to allow customers’ accounts to be accessed via. application programming interfaces (APIs).
Bank Innovation
MARCH 22, 2017
IBM’s cognitive platform is opening up its doors to financial services developers. The company today announced the launch of IBM Cloud for Financial Services, which will give fintechs and large FIs access to IBM APIs and data in order to build apps quickly and at scale. “This is a platform built specifically for developers,” Tom Eck, […].
Chris Skinner
MARCH 24, 2017
I recently was hauled up over saying that Western Union (WU) was being disrupted by FinTech. The words that a reader took issue with are: The high fees of Western Union and other remittance providers were fairly punishing … until FinTech came along Western Union is being disrupted, to an extent, but this person was making the point that if it were not for WU, the impoverished would have struggled even more than they do today to send money.
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
Abrigo
MARCH 22, 2017
The 2017 Risk Management Summit presented by Sageworks is set for September 25-27th in Denver, CO. The Summit is the industry’s leading life-of-loan conference, spanning business development through portfolio risk management in a CECL - current expected credit loss - world. In September 2016, more than 240 bankers and industry experts from both community banks and credit unions attended the Risk Management Summit in Austin, Texas.
Payments Dive
MARCH 22, 2017
Throughout the history of payments, people have been searching for simplicity, security and convenience. Coins, banknotes, cheques, and payment cards have all been introduced to the market with the aim of making payments easier.
Bank Innovation
MARCH 20, 2017
Customers are ready to acquire their banking products through mobile. And banks are preparing too — just very slowly. The top area of “mobile readiness” is, naturally, personal banking products. In 2017, overall 43% of personal products at banks are capable of being opened or applied for on a mobile device, up from 31% in […].
Chris Skinner
MARCH 20, 2017
There was an interesting article in The Independent last week about the big banks becoming bigger since the financial crisis hit. The article notes that the big American banks control 70% of all US assets, and that this figure has increased 40% since 2008. In the lead up to 2008, parallel to increasing debt levels, the size of banks rose sharply, especially relative to the size of certain economies.
Advertisement
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
MARCH 24, 2017
Payment solutions company Payline Data is the latest to launch an API for other businesses looking to process payments. The company announced this week that it is rolling out Payline I/O, a payment facilitation API for developers to integrate Payline solutions into their own tools. Payline I/O is offering a developer sandbox for developers to test out the solutions they create before they deploy them for real-world use.
Payments Dive
MARCH 23, 2017
A recent field test from the Boston Fed's Payments Strategies group shows the shortcomings of today's market.
Bank Innovation
MARCH 21, 2017
Cryptocurrency and blockchain offer many potential benefits to banking customers, such as faster and more secure cross-border payments. But how about bank employees? A software development company Softjourn demoed “SJ Coins” (or Softjourn Coins)– a rewards system for employees– at the FinDEVr conference today. “Employees received an account and an equal number of coins; the first thing they could […].
Chris Skinner
MARCH 23, 2017
I’ve been working closely with BKM, the Turkish retail payments clearing company, for a few years now. They manage the Fintech Istanbul program, and are the powerhouse behind many of the innovations we’ve seen in Turkey from mobile wallets to contactless payments. Their CEO, Soner Canko, will be presenting to the Financial Services Club on April 11 (sign up now) and so, in preparation, I interviewed Soner to find out more about the sector for Finanser readers.
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.
PYMNTS
MARCH 23, 2017
Earlier this week, Anis Rahal, CEO of treasury management company TreasuryXpress, told PYMNTS that the API has potential to disrupt the treasury management solutions space. Now, the company is acting on that belief. Reports Wednesday (March 22) said TreasuryXpress has launched its API, Payment+. The solution will be offered in the TreasuryXpress store and supports the creation of payment files from existing ERP or treasury management systems ready to be sent to the bank.
Bobsguide
MARCH 22, 2017
Dagan Osovlansky, Group Leader, Product Management, D+H. Software-as-a-Service (SaaS) is now a standard delivery model across many industries—even financial services firms, representing a major shift in perspective. The payments space, in particular, shows signs of further evolution of.
Bank Innovation
MARCH 24, 2017
Why build your own network for your IoT products, when you could just partner with Starbucks? It’s worked for Apple, Amazon, Facebook, and WeChat so far. In fact, Starbucks is planning to keep up the momentum of its WeChat gifting feature — introduced in February — launching a social gifting feature for Apple’s iMessage. “This […].
Chris Skinner
MARCH 19, 2017
Things we’re reading today include … Mountain man: The bank boss who reached the top aged 33 Officials draw up rescue plan for Co-op Bank Deutsche Bank benefits from strong bond trading in early 2017 Bank of Mum (not Dad): research shows mothers are more likely to give their children cash City pushes for lower taxes to sugar Brexit pill MoneyGram offers to give Euronet confidential info to firm up bid: sources IBM launches enterprise-ready blockchain service Blurred lines?
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.
PYMNTS
MARCH 22, 2017
It’s a situation that is all too familiar to most people who have gone out for dinner or even to grab drinks at happy hour. You’re ready to go, but the waiter or bartender isn’t bringing the bill. Though restaurants and bars have come a long way in their offerings, oftentimes payments still remain a bottleneck in getting guests in and out the door. BarFrog is a mobile platform that connects restaurants and bars to the customers who want to frequent them, but with the integration of mobile paymen
Bobsguide
MARCH 19, 2017
Simon Paris, President, Misys. We are at a critical moment in history. After many years of globalisation and global free trade, we’re now witnessing a significant slowdown, as compared to GDP growth. In fact, 2016 was the fifth consecutive year of trade growth below 3%. On the edge of a.
Bank Innovation
MARCH 22, 2017
Hard fork — the two words you need to start an on-going, industry-wide debate in cryptocurrency. Most of the time, the debate surrounds the history of Ethereum, and its old, but still contested, decision to hard fork in order to prevent the succession of a hack. However, due to recent statements by currency exchanges, the possibility […].
Let's Talk Payments
MARCH 22, 2017
Civic technology, or Civic Tech, is defined as a technology that enables greater participation in government or otherwise assists government in delivering citizen services and strengthening ties with the public.
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.
Expert insights. Personalized for you.
397 
Let's personalize your content