Bank Innovation
MAY 25, 2016
Your next wallet may be your hand. Unless you’ve been on a Buzzfeed-less streak in the past few days, you’ve probably heard of a Buzzfeed news reporter’s mission to spend a month without a wallet — a journey that led him to implant an NFC-enabled chip inside his own hand. Tech reporter Charlie Warzel Read More.
Chris Skinner
MAY 17, 2016
There is a lot of talk about blockchain. A lot. Loads. But when you get past all the talk, what is actually happening with blockchain? Answer: not enough. I say this because there are some stand out firms out there – like R3, Digital Asset Holdings, Ripple – who have gained traction with the banks, … The post For all the talk about blockchain, what is really happening?
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Payments Dive
MAY 6, 2016
Kristian Gjerding, CEO of CellPoint Mobile, wrote a recent blog post about how airlines are missing out on potential revenue opportunities by not partnering with the likes Apple and Google.
Accenture
MAY 6, 2016
At Sibos 2014, in Boston, I found myself at the Innotribe forum watching a presentation from Vitalik Buterin, one of the founders of the Ethereum blockchain who had the original idea and vision. He was then only 20 years old, Read more.
Advertisement
It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
Abrigo
MAY 27, 2016
A credit memorandum is meant to summarize the information collected during the loan application and credit analysis processes. This large document bridges the gap between underwriting and funding, and it is a pivotal point in the life of the loan. A credit memorandum is used by the loan committee to decide whether or not to approve a loan and disburse funds to a borrower.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
MAY 20, 2016
It looks like an R3CEV-Ripple partnership is in the works. This development could be a sign of the bundling of distributed ledgers and alliances between companies and consortiums in the space. The news was teased on Twitter today by Ripple CEO Chris Larsen: The future of fintech is bringing together like-minded companies, Read More.
Chris Skinner
MAY 25, 2016
I’ve been presenting a summary of Digital Bank and ValueWeb for a few months now. It is the story of the origins of moneykind and, as many have now heard the story, I thought it’s about time to share this on the blog. If you have half an hour free, then you can watch the presentation. It’s been filmed … The post The future of banking, money and finance [Presentation] appeared first on Chris Skinner's blog.
Payments Dive
MAY 20, 2016
A panel discussion at the ShopTalk conference in Las Vegas focused on the issues merchants face today as it relates to the mobile customer experience.
Accenture
MAY 6, 2016
Payments continues to be a hot topic in banking. Technology, consumer and business expectations—driven by innovations, such as smartphones, social media and internet platforms—have been forcing payments change for at least five years. The change is accelerating, and is likely. Read more.
Advertiser: ZoomInfo
Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.
Abrigo
MAY 31, 2016
Looking for a quick read to help grow your accounting firm or valuation practice? Sageworks recently published Next-Level Accountants: Your guide to growing a firm of trusted advisors , a book that brings together many of the accounting and valuation professions’ top thought leaders to provide practical strategies to help firms continue to add value beyond their technical skills.
South State Correspondent
MAY 18, 2016
Either buried deep in a proposal letter, or attached to the back, lenders will present one of the most important aspects of the commercial term loan – the structure and pricing of the loan. Many lenders will have their preferred format and presentation style, and certain banks will have a uniform template for lenders to use, however, for the most part we see ad hoc and confusing quote sheets without the elements that we feel are important in providing superior customer service or the compelling
Bank Innovation
MAY 25, 2016
BBVA has its head in the cloud. Through a partnership with Red Hat, announced today, the global bank has designed and deployed an automated cloud based on Red Hat’s OpenStack Platform. The new cloud will allow the bank to have a “highly scalable” infrastructure to support faster digital services and applications Read More.
Chris Skinner
MAY 20, 2016
I just received a white paper about Social KYC from Fintech startup Veridu. The idea is to use our social media profiles to authenticate and onboard as a new 21st century KYC process. It’s an interesting idea I thought I’d share here but, before I do, I posted a note on the blog in 2009 that … The post Social KYC: far easier than passports and utility bills appeared first on Chris Skinner's blog.
Advertisement
Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.
Payments Dive
MAY 26, 2016
Mobile Payments Today sat down with Patrick Gauthier at the Shoptalk conference to discuss a wide range of topics about e-commerce, the checkout experience and what makes Pay with Amazon different from MasterPass, PayPal and Visa Checkout.
Accenture
MAY 5, 2016
How many articles have you read about a start-up from out of nowhere with a new business model that is winning over retail bank customers? If you’re like me, more than you can remember. The story is always the same. Read more.
Abrigo
MAY 24, 2016
By Melinda Crump, Sageworks. Did you know that many of the daily maintenance and management activities in your firm can be handled more effectively with technology? And while the word “technology” itself sometimes sounds like a daunting challenge, good technologies are actually designed with the end user in mind -- and that means you, and not just the IT technician.
South State Correspondent
MAY 16, 2016
In order to serve their customers and perform their duties, commercial lenders should be familiar with the nature and application of letters of credit. A letter of credit substitutes one credit (for example the borrower) with another credit (typically a financial institution). The use of letters of credit to reduce risk is very popular in international trade.
Advertisement
Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.
Bank Innovation
MAY 24, 2016
MasterCard is expanding its digital aid distribution services – MasterCard Aid Network – with the launch of Mastercard Humanitarian Aid Solutions, the company announced yesterday, during the World Humanitarian Summit in Istanbul, Turkey. The new solution will leverage MasterCard’s expertise and technology to provide multiple NGOs with a single card Read More.
Chris Skinner
MAY 18, 2016
I was talking to a City chap this week about the Brexit vote and he felt it was clear we would leave. I said I couldn’t see that because there was not a single logical economic reason for leaving. He said that I was stupid to think of this as logical. It’s emotional. The Leave … The post Robots against Humans is like Spock against Kirk appeared first on Chris Skinner's blog.
Payments Dive
MAY 24, 2016
John Costello, Dunkin’ Brands president, global marketing and innovation, doesn’t mince words when it comes to the state of retail and what retailers must do to survive and beat the competition.
Accenture
MAY 18, 2016
Retail banks cannot rely on traditional distribution and marketing models to deliver the banking customer experience that people demand today. Truly knowing customers Enter agile banks. These digital-savvy banks take advantage of a dynamic distribution and marketing model to reduce. Read more.
Advertisement
Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w
Abrigo
MAY 19, 2016
Monitoring credit risk management, interest rate risk and banks’ ability to stress test loans affected by low oil prices are among the priorities for supervisors at the Office of the Comptroller of the Currency (OCC) these days, according to the agency’s recent mid-year status report on its operating plan. The OCC said its supervisory focus for the second half of the federal fiscal year (ending Oct. 1) would focus on seven areas, although it noted strategies for individual banks will vary based
South State Correspondent
MAY 12, 2016
Starting last December, several large banks (Capital One, Discover, etc.) have started to raise rates. As of the first quarter, community banks have not followed suit but interestingly they have done something almost as expensive – they have decreased fees. As can be seen below, after several quarters of increasing fees, the first quarter of this year saw a decrease in service charges generated from deposit accounts.
Bank Innovation
MAY 23, 2016
Plastc is “in talks with major issuing banks” to roll out a white labeled single issuer card for partnering banks, CEO Ryan Marquis told Bank Innovation. This move shows both an unexpected interest in this type of card from banks, and a new business model for a somewhat troubled product line. Read More.
Chris Skinner
MAY 18, 2016
I’m often asked whether banks should be afraid of the threat of Fintech. My answer is that most Fintech is enhancing what banks do, rather than threatening their core business. I sum this up as wrappers, replacers and reformers, and that the only Fintech firms we should really fear are those that replace core bank … The post Fintech vs Banks is like the Mouse vs the Elephant appeared first on Chris Skinner's blog.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.
Expert insights. Personalized for you.
283 
Let's personalize your content