Sat.Nov 24, 2018 - Fri.Nov 30, 2018

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3 drivers helping bridge the gap to a cashless society

Payments Dive

Veteran payments executive Jason Bohrer says several key consumer trends are pushing us closer to a cashless society, and the financial services industry needs to consider these developments in order to bridge the gap.

Trends 373
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Five digital transformation lessons

Chris Skinner

In a final write-up on leadership, there was a fantastic presentation about the lessons DNB had learned in trying to make digital change happen. Solveig Hellebust, Group Executive Vice President for People & Operations at DNB or, as she called it, POP, talked about the five things that make the … The post Five digital transformation lessons appeared first on Chris Skinner's blog.

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What Shape Will AI Take in 2019?

Bank Innovation

The recently released Predictions 2019 guide by research firm Forrester included an epitaph of sorts for 2018, “a year when reality chewed up the transformational ideal.” And what has more potential to be the transformational ideal than artificial intelligence? Everyone’s talking about it, and many are dreaming big. Banks, FIs and fintechs alike are putting […].

Fintech 199
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Venmo Payment Fraud Led To $40M In Losses

PYMNTS

Venmo , the digital money transfer service owned by PayPal , suffered payments fraud earlier in 2018 that played a role in the company posting losses that were higher than forecasted for the first quarter of this year. The Wall Street Journal , citing internal documents it reviewed, reported that for the first three months of 2018 Venmo had operating losses of around $40 million, which was close to 40 percent bigger than what the company had planned for.

Fraud 222
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Back to Basics with Reconciliations

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.

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Smartwatch, bracelets help broaden mobile payment options amid competition

Payments Dive

Consumer demand for smarter wearables is leading watch makers and others to explore new approaches to embedded payment technologies.

Payments 393

More Trending

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INV Fintech Announces Class 6 Associate Companies

Bank Innovation

INV Fintech, Bank Innovation’s sister accelerator, announced today the three associate members of its sixth cohort of startups. INV associates undergo a less intensive program than full class members. They do not have regularly scheduled meetings with the INV team and Fiserv, the accelerator’s technology partner. They have access to INV’s mentor network and the wider […].

Fintech 186
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Australia Gets First Virtual Commercial Cards Via Mastercard, DiviPay

PYMNTS

Expense management company DiviPay is rolling out what it says is Australia’s first Mastercard virtual commercial card for corporate payers, and the first solution in the country that combines payments with expense management automation. Reports in Finder this week said DiviPay is launching its virtual card offering to help small and medium-sized companies (SMBs) automate their expense reporting and management processes.

Cards 216
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The Future of Fintech Video Series: Galileo Processing

Payments Dive

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.

Video 326
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Most great leaders are great speakers

Chris Skinner

Another interesting factor in leadership is communication. When I ask people who they think are great leaders, they often name people like Steve Jobs, Barack Obama, Nelson Mandela, Winston Churchill and more. What is common in all of these names is that they are great orators. Their speeches are marked … The post Most great leaders are great speakers appeared first on Chris Skinner's blog.

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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

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

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Digital Customers Drive 72% of Revenue at DBS Bank, CIO Says

Bank Innovation

Singapore-based DBS Bank wants to be an invisible agent of change in the realm of digital banking. Over the course of a decade of transformation, it has received awards and recognition worldwide for its digital banking services and innovation efforts. Digital customers made up 42% of the bank’s total base in 2017, but contributed 63% […].

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InComm Partners With Welcia To Grow Barcode Payments

PYMNTS

InComm , a global prepaid product and payment technology company, has announced a partnership with Welcia , Japan’s leading pharmacy chain, to launch four mobile barcode payment solutions in its stores. InComm will be integrating its point-of-sale payment technology directly with Welcia. “Simultaneously connecting these major mobile barcode payments with the largest pharmacy chain in Japan is an exciting opportunity for InComm and Welcia’s customers,” Takumaro Arai, vice president and general ma

Payments 211
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Cyber Monday shoppers embrace mobile purchases like never before

Payments Dive

Data from Adobe Analytics shows mobile shopping reached new heights during a record Cyber Monday

Mobile 334
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FinTech and the Parent-Child relationship

Chris Skinner

Another theme that I talk about regularly, and that came up last week, is the FinTech relationship being like a parent and child. The parent wants safety and security and a nice stable home; the child wants to run around and kick and break everything, and challenge everything the parent … The post FinTech and the Parent-Child relationship appeared first on Chris Skinner's blog.

Fintech 287
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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

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.

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Dan O’Malley, CEO of Numerated, to Speak at Bank Innovation Ignite

Bank Innovation

Dan O’Malley, CEO of Numerated Growth Technologies, Inc., will speak at Bank Innovation Ignite in Seattle in March 2019 on Building the Future of Banking. Building banks of the future is something O’Malley, a self-proclaimed “data nerd” whose company makes a real-time business lending and growth automation platform for banks, knows quite well.

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Overstock To Sell Retail Biz, Focus On Blockchain

PYMNTS

Overstock is gearing up to sell its retail business, with a deal taking place in the next few months as it focuses solely on its blockchain initiatives. CNBC , citing comments Overstock chief executive Patrick Byrne made in an interview with the Wall Street Journal , reported the sale could happen as early as February. Overstock has previously announced plans to sell the retail business so that it can focus on blockchain technology.

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The Future of Fintech Video Series: Cascade FinTech

Payments Dive

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing.

Video 262
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Change the bank or change the leadership

Chris Skinner

I’m likely to be blogging about leadership all this week, as that was the theme du jour of our Nordic Finance Innovation meetings in Copenhagen and Oslo last week. Saxo Bank, DNB, Danske Bank, Nordea and more were discussing the challenges of digital transformation and the leadership challenge, and I’ve … The post Change the bank or change the leadership appeared first on Chris Skinner's blog.

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Is Your Current Card Platform Holding You Back?

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

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7 ways Smart Cities innovate payments

Payments Source

The concept of Smart Cities — which use mobile payments, global positioning and related technology to streamline parking, transit, building access and traffic — is deeply intertwined with the development of payments technology and regulation.

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GoDaddy Highlights Small Business Cybersecurity Paradox

PYMNTS

Earlier this week, reports said two researchers from Bloomsberg University of Pennsylvania made their case for safe harbor rules and overall easing of regulatory penalties for small businesses hit by a cyberattack. Their argument, reports in the Wall Street Journal said, is that small businesses are held to the same standards as large corporates when they suffer a data breach — even if the small business is found to not be at fault.

Security 197
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Mobile Money and the Global Fight Against Poverty

Payments Dive

When poor households have access to the digital economy through mobile money technology, they have the key to ending their poverty.

Mobile 262
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The Finanser’s Week: 19th November – 25th November

Chris Skinner

The main blog headlines are … Ten chairs: how to change the bank I was in the middle of a conversation about how to change the bank, when we started talking about the boardroom issue. As many of you will know, I often reference the fact that, according to research, … The post The Finanser’s Week: 19th November – 25th November appeared first on Chris Skinner's blog.

Maine 221
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It Takes Two to Tango

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.

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Cryptocurrency uncertainty causes historic price crash

Bobsguide

The price of bitcoin plunged in late November, dropping from $5,500 to a low of $3,604 over the Thanksgiving weekend. At the time of writing it stands at $4,175, which marks a drop of nearly 80% from the cryptocurrency’s all-time high $19,703 in December 2017. The crash also signifies the.

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Nigerian Presidential Hopeful Wants Blockchain And Crypto To Help Economy

PYMNTS

Atiku Abubakar, a 2019 presidential candidate in Nigeria, said he will support cryptocurrency and blockchain if he becomes the country’s next leader, according to the Daily Post. The push is part of his “Get Nigeria Working Again” proposal. Abubakar, who is a former vice president, plans to use cryptocurrency to help speed up the economy in the country.

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Three drivers helping bridge the gap to a cashless society

Payments Dive

Veteran payments executive Jason Bohrer says several key consumer trends are pushing us closer to a cashless society, and the financial services industry needs to consider these developments in order to bridge the gap.

Trends 218
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Things worth reading: 30th November 2018

Chris Skinner

Things we’re reading today include … Deutsche Bank — 20 years after the deal that sealed its fate Deutsche Bank offices raided in connection with Panama Papers SocGen uses ‘digital speed-dating’ to win over investors China: trade deal possible at G20 if US is ‘fair minded’ Guns for sale: Now … The post Things worth reading: 30th November 2018 appeared first on Chris Skinner's blog.

US 172
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3 Ways Managed Device Services Help Community Banks Cut Costs

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