Ripple Expects MoneyTap to Follow Alipay’s Example

Bank Innovation

EXCLUSIVE— Ripple expects the banks integrated into its new Japanese MoneyTap app will create new businesses and features on the platform, similar to the way companies are doing on China’s most popular mobile payment service, Alipay. Emi Yoshikaw, director of joint venture partnerships at Ripple, told Bank Innovation in an emailed statement: The Japanese government.Read More.

Refinancing: Is It For You? An Example

MerhantsBanks

Why might I want to refinance? The idea behind refinancing a home mortgage is simple: You’re taking out a new loan to pay off and replace the current one. The goal is to lower your interest rate, reduce the loan term, switch a loan type, or to access the equity in your home. One reason […]. Current News

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Five examples of open data as a force for good during COVID-19

Accenture

The post Five examples of open data as a force for good during COVID-19 appeared first on Accenture Banking Blog. In my last post, I talked about why open data has a pivotal role to play in the unprecedented times COVID-19 has brought upon us. Now I want to highlight some of the ways it has already been a force for good. Given the power of open data technologies and the speed at which fintech….

Various Types of Cheques With Example

FluentBanking

A cheque is an unconditional order toward the bank from the account holder to pay a certain sum of money as directed. Cheques can be classified into three broad categories on the basis of (i) Mode of Payment (ii) Mode of Payee and (iii) Mode of Period/ Time. (i) i) Mode of Payment: According to mode of payment cheques can be classified into two categories i.e. open and cross cheque. An open cheque is payable over the counter where is a cross cheque can not be paid over the counter.

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Example: A Rewards Program For Your Bank

Banker to Banker

We are here at the ICBA Annual Conference in New Orleans and we have a variety of topics we are trying to research. One such topic is what is the most effective rewards program for driving behavior, as Chase, Wells Fargo and Bank of America are making strong inroads into this area and are set to further expand their offerings. We dislike any program that rewards on rate, as that teaches customers to be more rate-sensitive.

Panera's mobile blueprint serves as an example for retailers

Mobile Payments Today

Panera Bread is still going full throttle in expanding payment strategies to reduce consumer friction points and enhancing the customer experience

Asian firms set a payments innovation example for the world

Payments Source

Ant Financial's success is instructive in the way it developed products that reach many different areas of their finances. And it's hardly the only success story to come out of the Asia Pacific Region, says Rapyd's Eric Rosenthal. ISO and agent Digital payments Mobile payments Ant Financial Grab Uber Asia

Making a Difference with FinTech – Three Examples

Let's Talk Payments

There is enough said about the scale of the FinTech industry, its inclusive agenda and massive surrounding ecosystem, but the real value of this industry is not in millions that. Fintech Insights Asia Europe Facebook Google Wallet Holvi insights Satago Simple Tax Tag Cash Tag Group Tag77 TagBond TagLink TagWild US Venmo

Petal a flowering example of brand led fintech

Daily Fintech

Petal is a fintech startup to follow if you are hungry for brands using sophisticated design and unconventional approaches to positioning their product. The brave startup has taken on an industry with a bad reputation – credit.

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Flyt acquisition example of opportunities in platform integration space

Daily Fintech

Flyt may not be a household name, like Uber Eats, but it powers a good number under the hood, and it’s another example of how integration layers and platform connectors are embracing the huge opportunity that comes with the expansion of the digital food market. When it comes to user experience, and engaging with the brands we love, we’ve all mostly moved on from downloading individual business apps.

Berlin’s Flourishing FinTech Scene in 30 Inspiring Examples

Let's Talk Payments

As one of Europe’s hubs of innovation along with London, Berlin has an impressive array of FinTech companies successfully operating both within and beyond Germany’s FinTech ecosystem. In this article, Fintech Insights.

Reward Checking Balance Cap Reduction - ECCU Is Latest Example

BankDeals

ECCU recently announced an unfortunate change to its Kasasa Cash Checking account that will be effective in September. The balance cap is falling from $35k to $10k

TransferGo launches with Ripple, but doesn't follow MoneyGram's example

Payments Source

London-based TransferGo is using Ripple’s blockchain platform to support digital money transfers from Europe to India. But TransferGo isn’t the first remittance company to work with Ripple — and it isn't on the same path that others have taken. Cross border payments Cryptocurrencies Ripple U.K. Europe India

ADA, assistive technology and the leading example of ATMs

ATM Marketplace

In part 3 of our series: Assistive technology for the disabled has become more sophisticated and pervasive in recent years, giving kiosk manufacturers and deployers the ability to better serve an important customer base — and meet ADA requirements

UK Setting The Wrong Example In eProcurement, Says Think Tank

PYMNTS

Government eProcurement and digital invoice mandates set an example for an economy overall, helping private businesses understand the process of and benefits to implementing digital procurement, payment and accounting procedures. is casting doubt on whether governments can effectively break new ground in digital payments and trade and whether they can set a positive example for the rest of the market. Governments may be an example to the public sector, but if the U.K.

Data Is Driving Innovation In Financial Services [With 2 Examples]

Perficient Financial Servies

For example, when it comes to underwriting, Mike Cagney, CEO, chairman and co-founder of SoFi, an organization that offers lending, wealth management, and insurance products, said the company can perform comprehensive underwriting assessments with just five pieces of data: your name, your address, your date of birth, the school you attended, and the amount of money you earn. The post Data Is Driving Innovation In Financial Services [With 2 Examples] appeared first on Financial Services.

Three Examples Where Doing Nothing Is a Bad Idea

New York's State of Mind

That is why, for example, umpires hate to call ball four when the count is 3-0. Social scientists will tell you that when faced between two difficult choices, the natural inclination is to choose to do nothing. Realistically however, when policy makers decide to do nothing to solve obvious problems, they are making a decision, […]. General New York State Regulatory GAO House Oversight Committee marijuana related business

Using Data & Tech For Regulatory And Compliance Initiatives [With Examples]

Perficient Financial Servies

From these very examples and our active work in the industry, we highlight several trends that we expect to continue to transpire in 2018. The data that SoFi leverages enables the company to be quick and efficient – two things that people value in companies. However, the data and technology that make SoFi successful also addresses some of the regulatory concerns by essentially forcing it to be blind to applications.

Three Examples of How Banks Implement Diversity Initiatives

ABA Community Banking

It is crucial to be intentional in carrying out an environment where a diverse workforce can grow and feel heard by the company Human Resources Management Compliance People Compliance Management Community Banking Feature3. 1Management

100+ Examples Of Digital Transformation In Financial Services

Perficient Financial Servies

Download our new guide to see over 100 real-life examples of digital transformation in financial services. 100+ Examples Of Digital Transformation In Financial Services was first posted on January 4, 2017 at 6:45 am. Similar to the way digital transformation means different things to different people, there are myriad types of projects and initiatives that.

THREE UNUSUAL EXAMPLES OF INDUSTRY INTEGRATION IN BLOCKCHAIN

Dataconomy

The post THREE UNUSUAL EXAMPLES OF INDUSTRY INTEGRATION IN BLOCKCHAIN appeared first on Dataconomy. How a bunch of tech savvy entrepreneurs are using blockchain to solve problems in the areas of graphics rendering, identification processes and diamond trade.

The Best Example Of Regulatory Overkill

New York's State of Mind

Today’s blog is for two groups of readers: First it is for those of you visiting Dysfunction Junction(AKA Washington DC) and thinking of how best to articulate to your elected representatives the negative consequences of the regulatory frenzy that the CFPB, aided by some of the very lawmakers you will be meeting with, has unleashed […]. Advocacy Compliance Regulatory HMDA Regulation C

The Role of Social Media in Extending Financial Opportunities – FinTech Examples

Let's Talk Payments

Facebook alone gathers 98 personal data points for targeted ads The number of worldwide social media users reached 2.34 billion, and is expected to grow to ~2.95 billion by 2020. Insights Social Media Asia Credit Sudhaar DemystData Europe FriendlyScore Happy Mango insights Kabbage Kreditech Lenddo LendUp Neo TrustingSocial US ZestFinance

Rishi Sunak cannot just hope other big firms will follow Primark's example | Nils Pratley

TheGuardian

Declining job retention bonus was honourable and underlined £9.4bn scheme’s shockingly poor design Rishi Sunak, the chancellor, readily conceded last week that there would be a “dead weight” cost to his policy of offering firms a £1,000 bonus for every employee recalled from furlough and kept in employment until the end of next January. That weight is the waste of rewarding firms for doing what they would have done anyway as the economy reopens.

One more example of how the big banks threaten the economy

New York's State of Mind

Before the mortgage meltdown I was a proud free market extremist who would patiently explain to a misguided dinner guest how the Free-Market was a better regulator of businesses and the financial system than government ever could be. Then I watched as the Captains of Capitalism were bailed just out as the Free Market was about […]. General Comodities too big to fail

Rebeca Romero Rainey: We resolve to support you

Independent Banker

For example, if you are looking to establish or evolve your payments plan, the ICBA Bancard Digital Payments Strategy Tool and Guide offers a resource to provide direction.

Are the big banks failing the people?

Chris Skinner

For example, I listened to the ideas of Curl on Thursday who are running a campaign to Save Our … The post Are the big banks failing the people? I wouldn’t usually blog on a Saturday, but these are exceptional times and these are exceptional ideas.

Rebeca Romero Rainey: Do today for tomorrow

Independent Banker

For example, we are making financial investments in the future of technology through the ThinkTECH Accelerator. “As community bankers, making the next right choice today will ensure we have a strong, flourishing future.”. We have entered a challenging environment, to say the least. Our banks have been dramatically affected by COVID-19, but without a doubt, we will weather this storm, because we build our model on relationships that stand the test of time.

Rebeca Romero Rainey: A world of opportunity

Independent Banker

For example, the ICBA ThinkTECH Accelerator features early stage companies that are working to bring the latest technologies to community bankers. “Today’s technology environment opens the door to a world of opportunity for community bankers.”. Welcome to Independent Banker’s ICBA LIVE 2020 issue! It’s amazing that we’re already celebrating our first convention of a new decade. As a child, the concept of the year 2020 seemed so far-fetched.

The Finanser’s Week: 30th March 2020 – 5th April 2020

Chris Skinner

For example, I listened to the … The post The Finanser’s Week: 30th March 2020 – 5th April 2020 appeared first on Chris Skinner's blog. The main blog headlines are … Are the big banks failing the people?

Maine 299

Watch: InterGen Data demos its predictive technology for financial advisors

BankInovation

By predicting the likelihood of a costly illness, for example, advisors can better prepare their clients for the future, according to InterGen. InterGen Data‘s technology can help predict major life events.

John Santos Impact Story: International money transfers made easy

Mobile Payments Today

Mobile money changes the game for Filipinos living abroad: Read a real-world example of how, through mobile banking, international transfers has been easy, fast, and reliable

The real reason people don’t change banks

Chris Skinner

By way of example, an email from a friend: I am just exactly as loyal to my bank as they are to me, which is to say not … The post The real reason people don’t change banks appeared first on Chris Skinner's blog. Interesting conversation about switching accounts. I’ve had a few people saying that banks don’t have loyal customers, but they have trapped customers.