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Kansas City’s slump is spreading; Suppliers are feeling slowdown’s effects on staffing levels

House Bill 2819 could help Oklahoma suppliers get government contracts

Leveraging Vendor Relationships to Foster In-Branch Innovation

By Frank Janezic

In its Retail Banking 2020 report1, PwC asserts that innovation will be the single most important factor driving sustainable top- and bottom-line growth in banking over the next five years. Another recent study shows that banks are making innovation a strategic priority and investing more to boost their innovation performance and counter threats from new players.  (more…)

The Case for Cardless Cash

ATMs going beyond EMV compliance

By Michael Scheibach

The first phase in the U.S. transition to EMV dealt with the implementation of chip-and-PIN-enabled credit/debit cards and POS terminals. Now comes phase two: the upgrading of ATMs to EMV compliance by October 2017, just seven months away. Yet according to Visa’s Marc Cleven, only about 38-40 percent of ATMs are currently compliant. Cleven, Visa’s senior director of EMV implementation, spoke at the ATMIA U.S. Conference, held in Orlando, Fla.

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Banks That Excel in Providing Advice Dominate 2016 Greenwich Excellence Awards

February 21 – Bank relationship managers (RMs) are getting better at providing advice to middle-market banking clients. Banks that excel in this increasingly critical area dominate the list of winners of the 2016 Greenwich Excellence Awards in Middle-Market Banking.

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New Book on “Blockchain Applications – A Hands-on Approach”

February 9 – Professor Vijay Madisetti of Georgia Institute of Technology (Georgia Tech) and Arshdeep Bahga (former Research Scientist at Georgia Tech) has written a new textbook, Blockchain Applications: A Hands-On Approach, published by VP Technologies, Inc. Atlanta, Georgia, USA and available on Amazon.com.

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Basware Recognized for Best Web-Based Supply Chain Financing Solution

January 23 – -Basware, a leader in networked purchase-to-pay (P2P) solutions, e-invoicing and innovative financing services, has been recognized for providing the best web-based supply chain financing solution by Global Finance magazine in its tenth annual ranking of the World’s Best Supply Chain Finance Providers. The company was selected for its working capital services portfolio, which delivers multiple payment and financing options, enabling companies to realize greater financial agility, flexibility and liquidity. Basware’s financial services operate over the Basware Network, the largest open business network in the world, providing easy collaboration between buyers and suppliers of all sizes.

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Editorial: Community Banks Poised to Gain Disaffected Big Bank Customers

By Aaron Silva

If you were offered $1 million would you take it, even if there were some slight implications on maintaining such a fortune? This is essentially the situation that community bankers have found themselves in recently. Due to the Wells Fargo scandal that continues to cast a shadow over the banking industry, many Wells customers are opting to take their business elsewhere: community institutions.

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Fintech Platform Revenues for Lending & Financing to Exceed 10 Billion Dollars By 2020

November 16 –  Juniper Research has found that Fintech platform revenues to support lending and financing are set to reach $10.5 billion globally by 2020, doubling the $5.2 billion expected this year.

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Digitization and Disruptive Technologies Spurring Banks to Invest in New Business Models

November 4 – Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys, and Efma, a global not-for-profit organization, have launched the eighth annual study of “Innovation in retail banking.” The research revealed that 77 percent of banks regard the threat from technology companies, start-ups, retailers and/or telecom players as high or very high. Over half now consider the threat from technology companies and start-up challenger banks as significant.

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