The World Economic Forum has been conducting research over the last year around how AI (Artificial Intelligence) will change banking that was published last week. Here’s the lowdown: Artificial intelligence is fundamentally changing the physics of financial services. MORE
On the 15th of August, the UK's Financial Conduct Authority (FCA) and Competition & Markets Authority (CMA) released data on quality of service for the first time, marking a historic step for Open Banking and putting a mass of customer data in the hands of fintechs and comparison websites MORE
(The Paypers) The number of Russians donating online has increased by 40% in the first six months of 2018 in comparison to 2017, according to a study by Yandex.Checkout. MORE
A few weeks from now will mark the 72nd anniversary of a federal court decision that found grocery store chain The Great Atlantic and Pacific Tea Company and its founders, George and John Hartford, guilty of engaging in anti-competitive behavior. That story is the subject of a terrific book written by economist Marc Levinson , “The Great A&P And The Struggle For Small Business In America”. It’s a great read and the source of several of the data points quoted in my piece. MORE
The simultaneous release on Thursday morning of half-year results of Kenya’s three largest banks portrays a picture of the banks resuming their super profits streak even as the government looks set to repeal interest rate caps later this year. But the results are deceptive in that the banks have all shown flat growth in loans, […]. The post Kenya Banks – Super Profits Back? appeared first on Bankelele. MORE
Thanks to the downstream nature of technology, what was once the domain for large organizations is now accessible to organizations of all sizes, writes Ralph Perdomo, a research analyst at Nvoicepay. ISO and agent B-to-B payments Payment processing Automation MORE
(The Paypers) USA Technologies , a payment technology service provider, has made public that Admiral Pepsi has signed a multi-year agreement for USAT`s ePort Connect Service MORE
How to get set for CECL. In my last blog post , I started to outline my “10 Requirements for an Effective CECL Software Solution,” where I focused on three requirements your organization needs to do to get ready for CECL implementation. MORE
How on time a traveler is for a flight seems to be consistently correlated with how long it will take them to go from the airport’s front door to the boarding area before the doors close. From pre-screening through screening, to that final run through the airport to find the right gate, it’s an exercise and anxiety that no one loves. MORE
It’s an inconvenience many field-based employees face: being forced to dip into their own personal accounts to make company purchases for work-related projects, then enduring the hassle of filing and waiting for reimbursement. MORE
The appointment last Friday of joint administrators for ARM Cement was a surprise for the shareholders of the cement company that is listed on the NSE. But by ARM going into insolvency, this will give the company an opportunity to continue operations while organizing its debt position. MORE
(The Paypers) Hitachi Capital America has announced that its trade finance team is in the process of expanding its capabilities to Mexico MORE
Earlier this month, Ally Financial released its Q2 Earnings report. Management Payments Feature Mortgage/CRE Feature3. 1Management MORE
Despite the fact that customers want their food fast, restaurants have to work hard to encourage mobile ordering, and to keep customers engaged with incentives to prevent them from deleting the app after use. For Chicago-based Middle Eastern food chain Naf Naf Grill , that means focusing on reward points, while also making order fulfillment as speedy as possible. The fast casual restaurant is a recent addition to the order-ahead scene, having launched its service in January 2018. MORE
(The Paypers) China Aerospace Science and Industry Corporation has announced it is developing a blockchain invoice system MORE
Summer — lazy and hazy days, at least for some. But not for business owners forced to chase late payments. To that end, Hitachi Capital reported that, as noted in a survey of 1,200 businesses conducted by YouGov, late payments bedevil several verticals. In fact, the problem is so widespread that it is being described as a “late payment epidemic.” Of the businesses surveyed, 63 percent stated that they had to deal with late payments for invoices stretching back to June 2018. MORE
(The Paypers) Sthaler has partnered with CP Plus to develop a parking technology aimed at increasing security for ID verification and payment authentication at hospital parking sites MORE
Today, we’re talking about senior care, the Ponzi scheme of ambition, Amazon patents, and more, including: It’s time for Uber to exit autonomous vehicles. WeWork China: Will it dominate, or retreat like Uber? One retailer who isn’t millennial-obsessed. Energy storage startups. Sugar gets a revamp with biotech. Amazon, Google, and Microsoft patent analysis. Time to put Uber’s autonomy dreams to rest. Want the full post? Become a CB Insights customer. MORE
Reliance Retail and Alibaba are negotiating a partnership in the Indian retail segment. According to reports , the firms are pushing to build “a mega Indian retail joint venture” with an investment of “at least $5 billion” to mount a challenge against existing players, including Flipkart, and Amazon India. Alibaba is reportedly looking to acquire a large portion of Reliance Retail in order to build and expand a digital commerce venture. MORE
(The Paypers) Shopee and DHL eCommerce have associated as partners to offer domestic delivery for Shopee sellers and buyers across Malaysia MORE
As the number of banking industry laws and regulations has multiplied over the last decade, it has created a significant financial burden, causing bankers to think about compliance in a completely different way. Feature Compliance Feature3. 1Compliance MORE
(The Paypers) UK-based payments company Barclaycard has announced working with blockchain startup Crowdz to digitise the business-to-business supply chain MORE
Barclaycard has partnered with Silicon Valley startup Crowdz to make the process of selling and finding business services easier. While consumer payments have been revolutionized through mobile technology, Barclays points out that things have been slower in the business-to-business (B2B) space. In fact, only one in four transactions in the supply chain are digitized. MORE
The Omaha World-Herald is reporting that Cobalt Federal Credit Union, headquartered in Papillion, NE, plans to switch from a federal to a state charter. The former SAC Federal Credit Union will become an Iowa chartered credit union. As an Iowa state charter, the credit union will add Lancaster and Dodge Counties in Nebraska to its field of membership (FOM). The State of Iowa and the National Credit Union Administration have approved the proposed charter change. MORE
Consumerization in the corporate payments space may be no more present than it is in the business travel arena. Employees are naturally using the same technologies and payment tools while they travel for work as they do in their personal lives, and travel managers must keep that in mind when designing travel programs that meet both corporates’ and employees’ needs. MORE
Thomas More’s Utopia designed in 1516. The Blockchain Bitcoin & Crypto Weekly CXO Briefing is all you need to know, each week, jargon free for CXO level business leaders and investors who will use this technology to change the world. MORE
This week I had the honor to interview with Mr. Stephen Goldstein. He was an insurance officer and has run businesses in different regions through US, Europe and Asia. Now he is focused on working with and for InsurTech startups to help them grow and thrive. MORE
Farmers & Merchants will pay $89 million for the parent of Bank of Geneva. Community banking M&A Capital Growth strategies Ohio Indiana MORE
The main blog headlines this week are … Do we need a blockchain? I haven’t written about blockchain for a while. I guess it’s because I got bored of it. I’m not bored of the promise of blockchain and distributed ledger technologies. MORE
“Oooh, your kisses, sweeter than honey/ But guess what? So’s my money.”. Writing about Aretha in a 2016 profile for The New Yorker , writer David Remnick noted that as she sat readying herself for a performance, she was surrounded by small stacks of hundred-dollar bills. The money, he explained, was her fee for singing that night in Ontario, because Aretha only sang once she had been paid upfront. MORE
On Mar. 31, 2018. Dollars in thousands. Ranking the banks Credit unions First time home buyers MORE
PYMNTS
AUGUST 20, 2018
It’s an inconvenience many field-based employees face: being forced to dip into their own personal accounts to make company purchases for work-related projects, then enduring the hassle of filing and waiting for reimbursement.
Chris Skinner
AUGUST 19, 2018
The World Economic Forum has been conducting research over the last year around how AI (Artificial Intelligence) will change banking that was published last week. Here’s the lowdown: Artificial intelligence is fundamentally changing the physics of financial services.
Daily Fintech
AUGUST 19, 2018
Thomas More’s Utopia designed in 1516. The Blockchain Bitcoin & Crypto Weekly CXO Briefing is all you need to know, each week, jargon free for CXO level business leaders and investors who will use this technology to change the world.
The Paypers
AUGUST 20, 2018
(The Paypers) Walmart and Flipkart have announced the closing of the agreements for Walmart to become the largest shareholder in the Flipkart Group
PYMNTS
AUGUST 20, 2018
The great mobile payment revolution is finally underway – albeit in a form that no one predicted in 2014 when the hype was really building.
PYMNTS
AUGUST 20, 2018
Barclaycard has partnered with Silicon Valley startup Crowdz to make the process of selling and finding business services easier. While consumer payments have been revolutionized through mobile technology, Barclays points out that things have been slower in the business-to-business (B2B) space. In fact, only one in four transactions in the supply chain are digitized.
Daily Fintech
AUGUST 18, 2018
This week I had the honor to interview with Mr. Stephen Goldstein. He was an insurance officer and has run businesses in different regions through US, Europe and Asia. Now he is focused on working with and for InsurTech startups to help them grow and thrive.
The Paypers
AUGUST 20, 2018
(The Paypers) Sthaler has partnered with CP Plus to develop a parking technology aimed at increasing security for ID verification and payment authentication at hospital parking sites
PYMNTS
AUGUST 18, 2018
“Oooh, your kisses, sweeter than honey/ But guess what? So’s my money.”. Writing about Aretha in a 2016 profile for The New Yorker , writer David Remnick noted that as she sat readying herself for a performance, she was surrounded by small stacks of hundred-dollar bills. The money, he explained, was her fee for singing that night in Ontario, because Aretha only sang once she had been paid upfront.
CB Insights
AUGUST 20, 2018
Today, we’re talking about senior care, the Ponzi scheme of ambition, Amazon patents, and more, including: It’s time for Uber to exit autonomous vehicles. WeWork China: Will it dominate, or retreat like Uber? One retailer who isn’t millennial-obsessed. Energy storage startups. Sugar gets a revamp with biotech. Amazon, Google, and Microsoft patent analysis. Time to put Uber’s autonomy dreams to rest. Want the full post? Become a CB Insights customer.
Keith Leggett's Credit Union Watch
AUGUST 20, 2018
The Omaha World-Herald is reporting that Cobalt Federal Credit Union, headquartered in Papillion, NE, plans to switch from a federal to a state charter. The former SAC Federal Credit Union will become an Iowa chartered credit union. As an Iowa state charter, the credit union will add Lancaster and Dodge Counties in Nebraska to its field of membership (FOM). The State of Iowa and the National Credit Union Administration have approved the proposed charter change.
The Paypers
AUGUST 20, 2018
(The Paypers) USA Technologies , a payment technology service provider, has made public that Admiral Pepsi has signed a multi-year agreement for USAT`s ePort Connect Service
PYMNTS
AUGUST 20, 2018
Reliance Retail and Alibaba are negotiating a partnership in the Indian retail segment. According to reports , the firms are pushing to build “a mega Indian retail joint venture” with an investment of “at least $5 billion” to mount a challenge against existing players, including Flipkart, and Amazon India. Alibaba is reportedly looking to acquire a large portion of Reliance Retail in order to build and expand a digital commerce venture.
ABA Community Banking
AUGUST 19, 2018
As the number of banking industry laws and regulations has multiplied over the last decade, it has created a significant financial burden, causing bankers to think about compliance in a completely different way. Feature Compliance Feature3. 1Compliance
Bankelele
AUGUST 19, 2018
The simultaneous release on Thursday morning of half-year results of Kenya’s three largest banks portrays a picture of the banks resuming their super profits streak even as the government looks set to repeal interest rate caps later this year. But the results are deceptive in that the banks have all shown flat growth in loans, […]. The post Kenya Banks – Super Profits Back? appeared first on Bankelele.
The Paypers
AUGUST 20, 2018
(The Paypers) The number of Russians donating online has increased by 40% in the first six months of 2018 in comparison to 2017, according to a study by Yandex.Checkout.
PYMNTS
AUGUST 20, 2018
A few weeks from now will mark the 72nd anniversary of a federal court decision that found grocery store chain The Great Atlantic and Pacific Tea Company and its founders, George and John Hartford, guilty of engaging in anti-competitive behavior. That story is the subject of a terrific book written by economist Marc Levinson , “The Great A&P And The Struggle For Small Business In America”. It’s a great read and the source of several of the data points quoted in my piece.
FICO
AUGUST 20, 2018
How to get set for CECL. In my last blog post , I started to outline my “10 Requirements for an Effective CECL Software Solution,” where I focused on three requirements your organization needs to do to get ready for CECL implementation.
ABA Community Banking
AUGUST 18, 2018
Earlier this month, Ally Financial released its Q2 Earnings report. Management Payments Feature Mortgage/CRE Feature3. 1Management
The Paypers
AUGUST 20, 2018
(The Paypers) Shopee and DHL eCommerce have associated as partners to offer domestic delivery for Shopee sellers and buyers across Malaysia
PYMNTS
AUGUST 20, 2018
Consumerization in the corporate payments space may be no more present than it is in the business travel arena. Employees are naturally using the same technologies and payment tools while they travel for work as they do in their personal lives, and travel managers must keep that in mind when designing travel programs that meet both corporates’ and employees’ needs.
BankThink
AUGUST 20, 2018
Farmers & Merchants will pay $89 million for the parent of Bank of Geneva. Community banking M&A Capital Growth strategies Ohio Indiana
Payments Source
AUGUST 20, 2018
Thanks to the downstream nature of technology, what was once the domain for large organizations is now accessible to organizations of all sizes, writes Ralph Perdomo, a research analyst at Nvoicepay. ISO and agent B-to-B payments Payment processing Automation
The Paypers
AUGUST 20, 2018
(The Paypers) UK-based payments company Barclaycard has announced working with blockchain startup Crowdz to digitise the business-to-business supply chain
PYMNTS
AUGUST 20, 2018
Summer — lazy and hazy days, at least for some. But not for business owners forced to chase late payments. To that end, Hitachi Capital reported that, as noted in a survey of 1,200 businesses conducted by YouGov, late payments bedevil several verticals. In fact, the problem is so widespread that it is being described as a “late payment epidemic.” Of the businesses surveyed, 63 percent stated that they had to deal with late payments for invoices stretching back to June 2018.
BankThink
AUGUST 20, 2018
On Mar. 31, 2018. Dollars in thousands. Ranking the banks Credit unions Credit cards
Bobs Guide
AUGUST 20, 2018
On the 15th of August, the UK's Financial Conduct Authority (FCA) and Competition & Markets Authority (CMA) released data on quality of service for the first time, marking a historic step for Open Banking and putting a mass of customer data in the hands of fintechs and comparison websites
The Paypers
AUGUST 20, 2018
(The Paypers) Hitachi Capital America has announced that its trade finance team is in the process of expanding its capabilities to Mexico
PYMNTS
AUGUST 20, 2018
Despite the fact that customers want their food fast, restaurants have to work hard to encourage mobile ordering, and to keep customers engaged with incentives to prevent them from deleting the app after use. For Chicago-based Middle Eastern food chain Naf Naf Grill , that means focusing on reward points, while also making order fulfillment as speedy as possible. The fast casual restaurant is a recent addition to the order-ahead scene, having launched its service in January 2018.
BankThink
AUGUST 20, 2018
On Mar. 31, 2018. Dollars in thousands. Ranking the banks Credit unions First time home buyers
Payments Source
AUGUST 20, 2018
The information you need to start your day, from PaymentsSource and around the Web. Today: A new wallet emerges in China; Monzo draws more investment; Ripple expands its exchange network; Ant Financial expands into health care payments. Briefing
The Paypers
AUGUST 20, 2018
(The Paypers) China Aerospace Science and Industry Corporation has announced it is developing a blockchain invoice system
PYMNTS
AUGUST 20, 2018
How on time a traveler is for a flight seems to be consistently correlated with how long it will take them to go from the airport’s front door to the boarding area before the doors close. From pre-screening through screening, to that final run through the airport to find the right gate, it’s an exercise and anxiety that no one loves.
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