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I’ve just been alerted by friend Gijs Boudewijn to the release of a fascinating whitepaper by BIS, the Bank for International Settlements (the guys who do Basel stuff and are big cohonez in banking circles).
In this series of blogs, we will focus on four transformative technologies with emerging risk applications that can help banks and financial institutions grow profitability and protect the enterprise. Each technology is at the start of an enormous adoption growth curve, and has been the subject of intense discussion.
In a recent survey of banks and credit unions about their technology vendor contracts, Cornerstone Advisors found that more than half of these financial institutions allow emotional factors to influence their negotiation processes. Technology Vendor Financials Tell the Story. The post But I Really Like My Technology Vendor!
market, other research released recently showed the headwinds that small firms are facing from global competition and larger rivals, particularly when it comes to embracing digitization. More than 40 percent of small firms said they have expanded into new geographic markets or channels as part of their growth trajectories.
As markets open, they’ll want to know exactly how that piece of cheese was produced, as an example.”. There are countless potential benefits to adopting the technology,” said animal safety company Neogen CEO John Adent. Blockchain can serve to optimize the entire supply chains of many of the markets that Neogen serves.”.
The Collective was conceived by Fayez Mohamood , co-founder and CEO of retail technology company Bluecore. So far outside of the initial meetings (there was a second one June 26) the group’s activity has been limited to a whitepaper that summarizes some of the key concerns of the executive members.
The funding will be used to hire staff, “build out our infrastructure and secure the appropriate steps are taken to develop a regulated market for digital assets,” said ErisX Chief Executive Officer Thomas Chippas, according to Reuters. We found a proliferation of press releases, whitepapers and persuasively written articles.
There are … BIS endorse Distributed Ledger Technology (DLT) for payments clearing and settlement I’ve just been alerted by friend Gijs Boudewijn to the release of a fascinating whitepaper by BIS, the Bank for International Settlements (the guys who do Basel stuff and are big cohonez in banking circles).
CPI Card Group announced that it has launched Second Wave cards for markets including transit, hospitality, entertainment and more. CPI revealed that the expansion of Second Wave into new use-cases and markets will allow more companies to incorporate environmentally-friendly solutions into their products.
There certainly is room for improvement, according to the whitepaper, as middle market companies, which are defined as those with annual sales below $500 million, spend an estimated $7.8 Firms have tread cautiously with respect to electronic payments, with costs dominating the argument against transitioning.
The Russian Association of Corporate Treasurers is joining the government-led Masterchain blockchain initiative, a platform developed by the central bank to facilitate communication within Russia’s banking market. Russia is reportedly looking to use the platform to replace SWIFT’s inter-bank communications network.
big data marketing cloud.” Instead, the company’s whitepaper states that “100% of the proceeds raised by the sale of Lydian tokens will be held by LydianCoin Pte. LydianCoin is from a company called Gravity4 , an online advertising business claiming to be “the world’s first A.I.
As reported in July via whitepaper, the U.K. The issue is most likely the market consequences of such a major political process, rather than something inherent in Brexit itself.”. is part of the EU’s customs union and the single market — at least for now. In the U.S., There also exists the questions of the Irish border.
– And how to enable your company to achieve faster profitability – William Mills Agency , a financial public relations and content marketing services company, released a whitepaper today detailing top factors leading to failure for fintech startups and how to avoid them.
Ahead of the announcement, Karen Webster spoke with Alan Koenigsberg, senior vice president and global head of New Payment Flows, Visa Business Solutions, about the roles that partner collaboration and simplified technology will play in achieving Visa’s goal of expanding the Visa B2B network to more than 100 countries in 2020.
The United Kingdom will create a technology regulator next year after Brexit is completed, according to a report by the Financial Times. s Competition and Markets Authority (CMA), which published a report on Wednesday (Dec. 18) outlining new regulatory oversights for the tech sector.
William Mills Agency , the premier financial public relations and marketing company, today released a whitepaper describing the influence the digital revolution has had on financial technology public relations. Please download the full whitepaper: “How is the Evolution from Print to Digital Changing Fintech PR?
Prospects are much better at filtering advertising and content that is irrelevant to them and technology has given them more control over who and what they choose to engage with. Whitepapers and infographics may develop more leads for your sales team. Social media posts and blogs may drive more visitor traffic to your website.
The question is whether financial institutions will feel the positive impact of the current indicators or if uncertainty and volatility in the mortgage market will prevail. Download Finastra’s whitepaper Developing leaders in mortgage lending – Navigating an uncertain market with strong leadership strategies.
Logistics technology provider OpenPort has announced a partnership with blockchain company Fr8 Network in a deal that will enable OpenPort to connect its customers to blockchain solutions. OpenPort currently provides transportation management technology and trade finance to its corporate customers.
As you know, we’ve been looking at blockchain for quite a while, understanding the technology standards, doing pilots with banks and filing a number of patents. That nervousness is not entirely misplaced, Lambert noted, because cryptocurrencies and blockchain technology are innovative and extremely new.
Change within the enterprise will always bring friction, but when it comes to change brought about by the adoption of more sophisticated technologies — especially in accounting and cash management — that friction is worth the effort. But the picture of technology adoption is a complex one, as cloud accounting company Sage has shown.
Considering all of the new technologies, changing consumer behaviors and innovation taking place across the retail sector, we have no way of knowing exactly what’s coming next. However, a new whitepaper from Synchrony Financial highlights some of the biggest themes that may take the retail world by storm over the next decade.
It takes more than just having the latest technology or an innovative idea to make faster payments work. In its latest whitepaper, INTERAC outlines the principles as follows: Principle #1: Good funds is the better model. Think the usage of paper-based payments like checks and cash. If anyone knows that, it’s Canada.
Meanwhile, the data can also be used to turn your attention outwards and execute marketing campaigns within specific channels and adjust pricing to meet your short-term goals efficiently. Lesson 1: Better Optimize Your Marketing Dollars For Cumulative Lifetime Value. Yet, it happens every day.
Blockchain technology has sparked a race to see which companies will be first to implement a working distributed ledger solution. The competition is heating up: According to a recent report on the technology by the National Institute of Standards and Technology (NIST), organizations would be wise to stay informed.
Participants included senior leaders across technology, finance and marketing. 2. Though the tendency in business is to segment and silo the buying process into its physical, Web-based and app-based (mobile) instantiations, that is not the direction the market is actually evolving.
Last year, Aquiire announced it had acquired intellectual property from search firm Zakta to enhance its machine learning capabilities and collaborative search technology. The company said at the time that it would integrate that technology into its procure-to-pay platform to enhance search experiences and social media product reviews.
As most operations have shifted to a digital-first world due to the coronavirus pandemic, institutions have had to adjust and adapt new technologies to stay competitive and thrive during these times. They will also provide you with resources (blogs, case studies, webinars, whitepapers, etc.) from time-to-time. Abrigo Community.
It’s not enough for a technology to be a proven way to improve business processes: Adoption of new tech is a tough sell. For SMEs, limited resources may stifle the ability to invest in new technology. The hesitancy among businesses to adopt new technology is well-documented.
As retailers, payments providers and consumers prepare for the coming 5G world, there remain concerns about how well that mobile network technology will protect consumer privacy and security. And that’s why some researchers and mobile technology observers are sounding what amounts to preemptive alarm about 5G. 5G Security Holes?
As of this writing in mid-November 2017, the total market capitalization of cryptocurrencies hovers around $220B (with a single bitcoin trading for upwards of $8,000). This explainer will offer simple definitions and analogies for blockchain technology. Blockchain technology solves this problem without using a trusted intermediary.
PR and content marketing are the answer to your fintech brand awareness and lead generation woes. Recent studies by Goo Technologies suggest that 82% of Americans ignore online ads. So, as a marketer what should you do? When PR and content marketing work together, the results are impressive.
PR and content marketing are the answer to your fintech brand awareness and lead generation woes. Recent studies by Goo Technologies suggest that 82% of Americans ignore online ads. So, as a marketer what should you do? When PR and content marketing work together, the results are impressive.
This, in short, seems to be the route Facebook decided to take with Libra — big announcement, big whitepaper, big partners and, most importantly — big, big plans. It also noted the digital currency could be used to create “micro markets outside the traditional Walmart environment.”. billion unbanked consumers on Earth.
Robotic process information, also identified as a key emerging technology in corporate and transaction banking, can provide more robust automation from back-to-front office, while biometrics are similarly an in-demand technology, especially for customer-facing solutions to ensure security.
And with today’s technology, there are new ways to help them accomplish both, and that’s what we’re innovating to deliver. Musk is … unconvinced, arguing that the technology is evolving faster than the humans developing it can understand it. I think the point is, what do we know for sure?
That stands as one of the small, but potentially appealing uses of omnichannel technology and processes outside of retail — a growing trend as the digital economy continues to encompass even more products and services, and as consumers come to expect seamless experiences everywhere and depend more heavily on their mobile devices.
Hey, community bank and credit union marketers: Imagine that you’re sitting in your office, and your CEO comes in and says, “Got a minute? I’m putting together a presentation for the board, and I need to tell them what the Marketing department is really good at.” ” You’ve got a minute. ”].
Not according to Angel Grant, director of Global Product Marketing and Strategy for cybersecurity firm RSA. That’s why cybersecurity firm RSA recently teamed up with 451 Research to produce a whitepaper outlining how merchants can balance good business with good security and focus on what they really care about: making customers happy.
Launched in November 2017 , IBM Cloud Private (ICP) aims to provide users with the right mix of private and public cloud technologies. It leverages open source technologies like containers, Kubernetes, Helm and Cloud Foundry to deliver the benefits of public cloud but with the control of private. Learn more at ibm.com/RegTech.
Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet.
On June 9, 2016, the FTC will host a “ FinTech forum on marketplace lending ,” the first in a forum series described by the FTC as “exploring emerging financial technology and its implications for consumers.”
The data revolution is one of the biggest technology changes facing banks at the moment, and efforts to effectively harness data should be at the forefront of any financial institution’s strategy. But let’s not underestimate the potential that technology brings forth. The benefits of being data-driven.
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