Payments Dive
DECEMBER 29, 2016
All the signs seem to point to Sweden becoming an entirely cash-free country. However, the phasing out of a payment method that has been in use for centuries will not be simple, and it's possible that the country will never become truly cashless.
Bank Innovation
DECEMBER 27, 2016
2016 has been a year of many things. No, really, just look at this list of most trending Twitter topics of the year (spoiler: elections, Brexit and PokemonGo all made the list). But the memories are still fresh of, possibly, the most meaningful event in the fintech world: the Comptroller Read More.
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Chris Skinner
DECEMBER 30, 2016
I was looking through Google Analytics to see which of my blog entries had been most read in 2016. Here’s the list and, as you will see, it’s mostly people reading about blockchain news, although how to change the bank, fintech and innovation all get high rankings too. The top ten trends in banking innovation … The post The most read blog entries of 2016 (#fintech, #blockchain, #platforms) appeared first on Chris Skinner's blog.
Abrigo
DECEMBER 28, 2016
Aside from the accounting firm’s staff, technology likely represents the area where a firm has made its biggest investments over the years, so it makes sense that technology considerations should be included in discussions about possible mergers or acquisitions. However, according to industry consultant Jim Boomer of Boomer Consulting, people from a firm’s IT department are too often involved “too little and too late” in deals, if at all.
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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.
PYMNTS
DECEMBER 28, 2016
Activewear brand Fabletics , which was co-founded by Kate Hudson in 2013, announced plans for a retail expansion across the U.S. in 2017. The once pure play eCommerce business will open 12 new physical locations next year, adding to the 18 existing Fabletics locations that began launching in the Fall of 2015. The company confirmed that the new locations will bring the brand’s total retail store count to 30 locations throughout the U.S.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
DECEMBER 27, 2016
Here's a reason for retailers to be "appy" this holiday season: Purchases made on mobile apps more than doubled in 2015, to nearly $50 billion. We look at holiday-specific shopper apps and how retailers can parlay these concepts into direct spending online and in the store.
Bank Innovation
DECEMBER 26, 2016
The future of banking most probably involves a completely re-vamped branch structure–but what will the bank branch of the future look like? Bank Innovation conducted a survey to find out, partnered with Worldwide Business Research, which explored the topic at its Future Branches event in La Jolla, California. The executives enjoying the Read More.
Chris Skinner
DECEMBER 18, 2016
Things we’re reading today include … Crunch time for troubled Monte dei Paschi as survival rests on savers Banks told to plan breakup as contingency in case of financial disaster As yuan weakens, Chinese rush to open foreign currency accounts Former UBS traders bring case against City watchdog Post-Brexit deals ‘not at price of EU … The post Things worth reading: 19th December 2016 appeared first on Chris Skinner's blog.
Abrigo
DECEMBER 30, 2016
For accountants, valuation professionals and other business advisory professionals, financial presentations are a fact of life. Even if you are among the many people who fear public speaking more than they fear death, chances are that you will be required to present financials to clients or managers at some point in the coming year. Unfortunately, fear of presentations or taking the attitude that presentations are routine can result in a presentation that shortchanges the audience.
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Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.
PYMNTS
DECEMBER 27, 2016
Capital One’s Treasury Management Group is already looking ahead to how corporate treasurers will face the most modern of challenges in 2017. A new survey from the group published earlier this month found that 83 percent of treasurers are gearing up to upgrade existing technologies, or implement entirely new ones, in the coming year. In response to the survey’s findings, Capital One Executive Vice President and Head of the Treasury Management Product Management Group Patrick Moore sa
Bobsguide
DECEMBER 11, 2016
In the information age, a company’s data is its greatest asset. Good data management has long delivered for financial institutions in the areas of analytics, market surveillance and risk modelling, but as emerging financial technology companies face an entirely different set of challenges.
CFPB Monitor
DECEMBER 28, 2016
Barbara S. Mishkin. The CFPB has issued its December 2016 complaint report which highlights complaints about debt collection. The report also highlights complaints from consumers in Arizona and the Phoenix metro area. General findings include the following: As of December 1, 2016, the CFPB handled approximately 1,058,100 complaints nationally, including approximately 23,100 complaints in November 2016.
Bank Innovation
DECEMBER 30, 2016
For the last episode of the year, Brett King hosts a group of Fintech all-stars — Chris Skinner, Jim Marous, Dave Birch, Ghela Boskovich, and Penny Crosman to review a bit of 2016 and talk about the trends and predictions for 2017. What’s Next?
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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
Let's Talk Payments
DECEMBER 30, 2016
With 2017 around the corner, the financial services industry is way past the stage when technology startups and financial institutions are perceived as competitors, comprising an existential threat to one.
SWBC's LenderHub
DECEMBER 29, 2016
We can say a lot about 2016—some of it good, some not so great. In 2016, pop icon, Prince passed away, Leonardo DiCaprio finally won an Academy Award for Best Actor in a motion picture, Michael Strahan left Live with Michael and Kelly to join Good Morning America , boxing legend, Muhammad Ali, passed away, Britain voted to leave the European Union (a.k.a Brexit ), Pokemon Go was "a thing," the Chicago Cubs won the World Series for the first time in 108 years, and Donald Trump was elected Preside
PYMNTS
DECEMBER 29, 2016
There seems to be no shortage of action in the corporate banking space, whether it be scandals (like Royal Bank of Scotland’s Global Restructuring Group fiasco ), cyberattacks (such as the $81 million stolen from the central bank of Bangladesh) or anomalies like Brexit impacting top financial institutions across the globe. So, what can corporates expect from their banks in 2017?
Bobsguide
DECEMBER 26, 2016
In an industry prone to hype and hyperbole, ‘reg-tech’ is one of the hottest new buzzwords on the block. Referring to technology that is designed to help banks and other financial institutions (FIs) comply with the increasingly complex regulation of their sector, reg-tech is now.
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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.
Payments Source
DECEMBER 11, 2016
Crooks are getting more clever when hacking e-commerce sites to hide illegal activity, requring banks and processors to developer a broader picture of merchants and payment activity.
Bank Innovation
DECEMBER 30, 2016
If nothing else, 2016 was a year of change—nowhere more than in fintech, where developments in blockchain, payments, artificial intelligence, financial regulations, chatbots, and mobile rippled across the space to do what fintech does best—disrupt. With that in mind, let’s take a look back at our top ten fintech headlines Read More.
Let's Talk Payments
DECEMBER 29, 2016
It’s now or never Customer expectations are often running ahead of the available options, creating a gap for innovators to fill. In the financial services industry, the speed of service.
Disruptive Finance
DECEMBER 11, 2016
“Who controls the past controls the future: who controls the present controls the past,” (1984, George Orwell) The article below was published in Info, the monthly magazine of the French Chamber of Great Britain.
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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.
PYMNTS
DECEMBER 28, 2016
Safety may come first, but the security guard industry hasn’t really been updated in decades. And, as a result, some argue the world is not as safe as it could be. However, one company — Bannerman — has created the technology close that gap and make people safer on a daily basis. As an “Uber of X” company, San Francisco–based Bannerman pairs security guards with businesses in high-rise buildings seeking protection.
Bobsguide
DECEMBER 11, 2016
The Nigerian financial sector is currently moving to a gradual convergence towards the international BCBS and IFRS frameworks, which are rapidly transforming the approach of banking players towards balance sheet risks. Historically, Nigeria has been a forerunner in the adoption of international.
CFPB Monitor
DECEMBER 27, 2016
Barbara S. Mishkin. PHH and the United States have filed responses with the D.C. Circuit to the CFPB’s petition for rehearing en banc. The D.C. Circuit invited the Solicitor General to file a response expressing the views of the United States and entered an order requiring both PHH and the SG to file their responses by December 22. In PHH , the D.C.
Bank Innovation
DECEMBER 23, 2016
4. Harit Talwar, Marcus Goldman Sachs has long been known as an enthusiastic investor in fintech (or just tech) startups, with companies like Circle, Cadre, Financeit, Oscar and even Uber. But this year, the company shifted from being a mere investor to joining the fray as a fintech player, announcing Read More.
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