Payments Dive
DECEMBER 20, 2019
The growing phenomenon of direct, digital banking and Silicon Valley's entry into the payments business are posing a series of challenges to traditional banking institutions. NCR's Doug Brown explores the landscape for 2020 to determine how these trends will impact the global banking business moving forward.
Bank Innovation
DECEMBER 19, 2019
Small business lending company OnDeck is expanding its ecosystem of products. Through its application for a bank charter, the company wants to become a full-service digital bank for small businesses it says are overlooked by traditional banks. In this episode of Fintech Unfiltered, which is sponsored by Blend, Bank Innovation sat down with OnDeck CEO […].
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Abrigo
DECEMBER 17, 2019
Key Takeaways Holiday sales, including Black Friday and Cyber Monday, are aggressively promoted by criminal sellers on the Dark Web seeking to grow sales and customers. The expected outcome of greater inventory at a lower cost, as we have seen in prior years, is an increase in fraud activity and cyberattacks heading into the end of the calendar year.
Chris Skinner
DECEMBER 17, 2019
I write about a lot of things. Around three-quarters is focused on finance and technology, but the rest meanders around life, taxes, government, the economy, global trade, regulatory matters and more. All of these latter areas can probably be summed up right now as: INTERNET ANGER No, I’m not angry … The post Big Government versus Big Tech appeared first on Chris Skinner's blog.
Advertisement
Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
Payments Dive
DECEMBER 19, 2019
Donna Embry is the SVP of global payment strategies at Evolve Bank & Trust, and she's involved with next-gen on multiple levels. ATM Marketplace spoke with her to learn more about why IADs, in particular, should be paying attention to the project.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
DECEMBER 19, 2019
For PayPal, eyeing growth and eyeing new markets, the gaze is, at least in part, turned eastward. News came Thursday (Dec. 19) that the company has closed its deal to buy a majority equity stake in China’s GoPay (the formal, official name of the company is Guofubao Information Technology Co. Ltd.). The deal had originally been announced at the end of September.
Chris Skinner
DECEMBER 19, 2019
So it’s the holiday season and time for some time off. I’m back on January 6th 2020. The only thing I can say is … here’s to a fantastic 2020 … the year of Doing Digital. “Stop what you are doing and read this book. It will transform your … The post Have Yourself a Merry FinTech Christmas appeared first on Chris Skinner's blog.
Payments Dive
DECEMBER 17, 2019
Despite the plethora of payment choices we have today, many of us are still using our debit cards. Carol Specogna, Fiserv's VP of card services, gives an overview of the market and talks about new technologies that FIs can leverage to boost their debit card revenue.
Bank Innovation
DECEMBER 18, 2019
As large tech and payments companies bail on Facebook’s Libra digital currency project, Federal Reserve Governor Lael Brainard Wednesday highlighted key risks that have yet to be mitigated, including the safety and security of consumer money flowing through Libra’s transaction rails. Speaking in Frankfurt at a conference hosted by the European Central Bank, Brainard noted […].
Advertisement
Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment
PYMNTS
DECEMBER 19, 2019
Savor this moment — these coming weeks, the next few months, the year or two that will follow. These are the last moments before artificial intelligence (AI) really starts to have a massive impact on one’s daily life, before the world really turns to AI. That is not meant to be mournful, or an expression of grief for a way of life — a non-AI way of life — that is on its way out.
Chris Skinner
DECEMBER 15, 2019
The UK implemented Open Banking in January 2018 and now, almost two years later, you would think it’s doing really well. This is why the momentum is building. The Open Banking Implementation Entity (OBIE) shared figures that show there are 49 million data sharing requests monthly, doubling in just seven … The post Why is Open Banking so scary?
Gonzobanker
DECEMBER 20, 2019
GonzoBankers, 2019 was a year of extremes. On the one hand, uncertainties about the economy and growth opportunities were constant. There is an understanding that technology and fintech are going to cause radical change, but the how, how big and when are still very unclear. Brutal competition is an everyday affair, as are product and price commoditization.
Bank Innovation
DECEMBER 16, 2019
Lara Briehl had a desperate client who was itching to accept an offer. The man was struggling to pay his bills, and an online lender had offered him a personal loan to pay off some 10 credit cards. Accepting, he thought, would help him escape crushing debt. The interest rate offered, however, was about 10 […].
Advertisement
Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.
PYMNTS
DECEMBER 16, 2019
With the U.K. one of the largest FinTech hubs of the world today, initiatives like Open Banking demonstrate the opportunity for regulatory mandates to encourage innovation and competition — even in markets where such regulatory mandates don’t exist. The capabilities to unlock bank data and integrate new services into emerging FinTech platforms via API integrations is a FinTech trend that hasn’t ignored the B2B payments arena.
Chris Skinner
DECEMBER 16, 2019
Things we’re reading today include … $5 billion flee Hong Kong funds amid unrest Australian regulator investigates Westpac directors, executives after scandal Banks have learnt their lesson on risk management Will the UK really turn into ‘Singapore-on-Thames’ after Brexit? Goldman Sachs says it will support ‘green’ initiatives more forcefully Westpac … The post Things worth reading: 17th December 2019 appeared first on Chris Skinner's blog.
Jack Henry
DECEMBER 20, 2019
Commercial lending is no longer immune to the digital transformation that has forever changed the world of banking. Now business borrowers, like consumer borrowers before them, are demanding faster access to capital and a better customer experience. Yet many commercial lending teams still have no technology in place to satisfy those demands. Why?
Bank Innovation
DECEMBER 20, 2019
The popular refrain in the industry is “innovate or die,” but community banks face added obstacles resulting from the costs and structural limitations of working with core tech providers. A recent Bank Director survey of industry executives found that just 21% were “completely satisfied” with their core providers, and among institutions with $500 million to […].
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
PYMNTS
DECEMBER 20, 2019
Security researcher Bob Diachenko and Comparitech discovered that a Facebook database with 267 million user IDs, phone numbers and names was left unsecured and accessed by hackers, who uploaded it to a downloadable format, according to a report. . Diachenko said he thinks the breach is because of an illegal bot scraping operation or even criminals who figured out how to abuse Facebook’s API.
Chris Skinner
DECEMBER 17, 2019
Things we’re reading today include … Deutsche Bank Considers Cutting Bonus Pool by as Much as 20% UBS/the wealthy: Khan-do spirit Another Credit Suisse senior manager was followed: NZZ Duty of care should protect elderly from online fraud, trust warns ‘Gutsy’ Scot in line to be first female boss of … The post Things worth reading: 18th December 2019 appeared first on Chris Skinner's blog.
Bobsguide
DECEMBER 18, 2019
Early year studies from Deloitte and McKinsey cited 2019 as the year for insurance firms to embrace new partnerships and join in the tech revolution.
Bank Innovation
DECEMBER 19, 2019
The Federal Reserve is investigating the second significant disruption in 2019 of a payments service administered by the U.S. central bank. Certain bank transactions were delayed after ACH — which stands for the automated clearinghouse system — experienced delays but it is now up and running. “The FedACH service, which processes transactions for commercial banks, is currently […].
Advertisement
With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
PYMNTS
DECEMBER 16, 2019
In financial services, access to data is, well, everything. Financial institutions, of course, use data to create new products and services to cement customer loyalty. FinTechs can use data to leapfrog FIs in their own arms race to develop new offerings and gain mind share and wallet share. Might the withholding of data be a strategic weapon? The Wall Street Journal reported this weekend that FinTech firms have been accusing banks of blocking access to end users’ financial data.
Chris Skinner
DECEMBER 15, 2019
Things we’re reading today include … Bank accidentally puts $37MILLION into woman’s account Meet the biggest bank you’ve never heard of Sustainable investors face squeeze as larger firms move in Goldman Sachs to stop financing new drilling for oil in the Arctic Nuns take on BlackRock over climate change UK … The post Things worth reading: 16th December 2019 appeared first on Chris Skinner's blog.
Ron Shevelin
DECEMBER 16, 2019
As we approach the end of the 2019, it’s a good time to look back and reflect on who won and lost—or more accurately, who’s winning and losing—in the world of fintech.
Bank Innovation
DECEMBER 16, 2019
Virgin Money is making a play for the mass affluent. The brand released a new current account for U.K. customers last week, the first product launched by the bank since it was acquired by CYBG in 2018. With its mixture of personal finance management tools, savings features and remodeled branches, Virgin Money is aiming for […].
Advertisement
Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se
Expert insights. Personalized for you.
440 
Let's personalize your content