PYMNTS

AUGUST 4, 2020

Although the 2008 financial crisis jolted the world economy, the financial conditions leading up to the disruption had been a long time coming. And according to Fraser, that means banks will be poised to support that cash flow collaboration through trade finance innovation. Lessons Learned From 2008. An Innovation Opportunity.

Capital 310

Capital Strategy Analytics Innovation 310

PYMNTS

JULY 18, 2019

Data is where it’s at, and more credit unions (CUs) are waking up to the fact that without sophisticated analysis of customer data, they risk being left behind as financial institutions continue to adopt innovative digital technologies to please the modern consumer. So, what else does the future — the 2020s — hold for CUs?

Innovation 124

Innovation Data Cards Maine 124

PYMNTS

NOVEMBER 8, 2017

Dozens of countries already have real-time payments programs in operation, with several more under development, as identified by financial services technology provider FIS in its latest Flavors of Fast report. This scheme supports near real-time transactions and, like Denmark’s, operates 24/7.

Innovation 101

Innovation Payments System Operations 101

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. The pandemic has sped up the digital roadmap for everyone in financial services, providing for more innovation in the last few months than had been seen during several years. Innovating The ATM Beyond Cash. The Flaw In Demonizing Big Tech.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

DECEMBER 11, 2020

Sheryl Sandberg, chief operations officer of Facebook, is pushing back against two antitrust lawsuits filed against the social media giant, CNBC reported on Friday (Dec. Some pundits have expressed concern that holding up mergers and acquisitions could stifle innovation. percent of proposed mergers from 2008 to 2016.

social media 205

social media Digital Banking Groups Innovation 205

PYMNTS

FEBRUARY 24, 2020

Mastercard first opened Ireland operations in 2008, with only 36 people on staff at the location. Mastercard President of Operations and Technology Ed McLaughlin said the new facility will help Mastercard achieve its goals to continue be a leader in global payments technology, among other things. Right now, it has more than 650.

Cyber Security 159

Cyber Security User Experience Technology blockchain 159

PYMNTS

OCTOBER 16, 2018

Walmart’s Chief Financial Officer Brett Biggs further noted that the retailer also expects its eCommerce business to post a slightly greater operating loss next year. and 3 percent, slightly less than this year’s average of about 3 percent, which is the fastest pace of growth the retailer has seen since 2008.

Innovation 128

Innovation Meeting Retail Arkansas 128

Bank Innovation

OCTOBER 17, 2016

Recently a federal appeals court decided that the Consumer Finance Protection Bureau—a federal organization designed to safeguard against some of the pitfalls that led to the 2008 crisis—had been operating unconstitutionally, something which is certainly a blow to the agency itself and will no doubt have ramifications for how it Read More.

Fintech 150

Fintech Operations Compliance Lending 150

PYMNTS

JUNE 2, 2020

Just under nine million Americans lost their jobs during the Great Recession of 2008, and it took about two years for all of those firings and layoffs to be finished. The COVID-19 pandemic has been a catalyst for small firms’ innovation, with 71.7 percent plan to maintain all of their operational shifts.”. We found that 27.6

Maine 131

Maine Survey Comparison Operations 131

Independent Banker

NOVEMBER 25, 2015

Even with technology’s increasing influence on retail banking, it’s not typical for a community bank to have one of its most senior and trusted executives concentrate primarily on leading consumer product and payments innovation. The role of Alex Jimenez, senior vice president and director of digital and payments innovation at the $7.2

Innovation 70

Innovation Community Bank social media Community 70

PYMNTS

DECEMBER 6, 2019

Fast casual chain Chipotle Mexican Grill became one of the first major restaurant brands to pioneer the mobile ordering experience in 2008. West recently spoke with PYMNTS about how the chain supports ordering innovations and examines customers’ preferences to improve future experiences. . “In Real Ingredients Meet AI.

Strategy 130

Strategy Innovation Digital Strategies System 130

PYMNTS

JULY 7, 2020

and other nations around the world as a result of the global pandemic continues to draw comparisons to the 2008 financial crisis — so it’s only natural that analysts may turn to the past in an effort to predict what could lie ahead. The level of market volatility hitting the U.S. ” A Banking Pullback?

Lending 171

Lending Industry Fintech UX 171

PYMNTS

AUGUST 5, 2020

We’re a health innovation company that is built to meet the evolving needs of the millions we serve every day,” said CVS Health President and CEO Larry J. based CVS acquired insurer Aetna in 2008. Also, CVS said, its retail segment was affected some by shelter-in-place orders. Woonsocket, R.I.-based

Report 147

Report Community Meeting Strategy 147

PYMNTS

NOVEMBER 5, 2019

Bill Wade, founder and CEO of Company.com, described the partnership as a “perfect fit” with their own goals of “innovating and fostering success in America’s small businesses.”. Company.com was launched in 2008 to offer businesses a one-stop solution to find trustworthy, vetted resources.

Technology 109

Technology Payments Resources Meeting 109

PYMNTS

DECEMBER 22, 2020

This pressure to innovate is affecting QSRs of all sizes, from independent eateries serving loyal local followings to national or even international behemoths reaching millions of customers each year. Following customers’ lead on rolling out innovative ordering options and services has also been critical to keeping them engaged, So explained.

Customer Experience 162

Customer Experience Tools New York Strategy 162

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. Both are alumni of our FinTech Innovation Lab. There are hidden costs too.

Compliance 150

Compliance Regulation Innovation Fintech 150

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. Both are alumni of our FinTech Innovation Lab. There are hidden costs too.

Compliance 150

Compliance Regulation Innovation Fintech 150

PYMNTS

SEPTEMBER 21, 2018

The company was founded by Portuguese fashion entrepreneur José Neves in 2008 with the goal of creating an online marketplace for luxury boutiques and brands. “We percent increase over 2016, and its operating profit was $136.9 We are redefining how fashion is bought and sold through technology, data and innovation.”

Branding 116

Branding New York Retail America 116

BankUnderground

JUNE 16, 2021

In short, history counsels caution’ Macmillan (2008) : ‘the past can be used for almost anything you want to do in the present’ Bernanke et al (2019) : ‘Financial crises recur in part because memories fade’ Perhaps we need to think beyond just crises when we consider how history can be helpful to central bankers.

Examples 129

Examples Policies United States Exercises 129

PYMNTS

JULY 11, 2018

CNBC said The Steinberg Group , which operates under the name dOMAIN, and a production management company in New York City agreed to submit altered invoices and bills to hide the scam. The fraud happened from 2008 until he was fired in 2013, noted the report. He also worked with two QVC vendors to aid in ripping off the company.

Company 102

Company New York City Fraud Retail 102

PYMNTS

FEBRUARY 21, 2020

In fact, QSR magazine says the disruption potential of home delivery is similar to the disruption felt when eCommerce gained critical mass in 2008. “A Notably, medium-sized chains lead the pack in more innovative – if less common – order pickup methods, such as delivery and curbside pickup,” notes the Restaurant Readiness Index.

Customer Experience 146

Customer Experience Operations Millennials Online 146

PYMNTS

NOVEMBER 16, 2020

In the wake of the 2008 global financial crisis, and banks' subsequent pullback from the small- to medium-sized business ( SMB ) lending arena, a slew of alternative lenders emerged onto the scene to fill the credit gap. It is now not only a competitive advantage, but an essential requirement for lenders to operate digitally, said Marceau.

Lending 289

Lending Technology Capital Meeting 289

PYMNTS

NOVEMBER 3, 2020

In particular, FLEETCOR is looking for companies to strengthen its position in the fuel, tolls, lodging, and payables spaces, and for companies operating in new regions. Access to capital hasn’t been this tight since the market meltdown of 2008, so motivated players are finding better, faster ways of moving B2B funds especially.

eBook 141

eBook Payments Regional Company 141

PYMNTS

AUGUST 21, 2018

Farfetch was founded by Portuguese fashion entrepreneur José Neves in 2008 with the goal of creating an online marketplace for luxury boutiques and brands. “We percent increase over 2016, and its operating profit was $136.9 We are redefining how fashion is bought and sold through technology, data and innovation. million in 2017.

Branding 100

Branding Retail New York America 100

PYMNTS

JULY 7, 2020

The small- to medium-sized business (SMB) lending industry is used to adaptation, especially since the 2008 financial crisis, when legacy financial institutions (FIs) began pulling back and FinTechs and digital players stepped up in the space. Alternative lenders like Bolstr, Kabbage and OnDeck used such technologies to approve 57.2

Lending 138

Lending Study Industry Tools 138

PYMNTS

SEPTEMBER 30, 2016

Prior to founding Forter, Michael was the VP Product & International Operations at Pango Parking where he was in charge of the deployment and adoption of Mobile Wallet technologies worldwide. Michael is the co-founder and CEO of Forter. CEO of Market Platform Dynamics.

Fraud 100

Fraud Data Cyber Security Study 100

PYMNTS

JUNE 8, 2017

What’s unique about ItsOn is that it virtualizes business services such as billing, charging, rating and payments by moving these functions to an operator-managed cloud environment. RO: Being a Silicon Valley tech company at heart, the culture is truly based on innovation. A great example is roaming. RO: Believing in the vision.

Data 143

Data Raleigh Mobile social media 143

PYMNTS

AUGUST 20, 2020

million SMBs operate across the country and account for 64 percent of new jobs. Only 35 percent of such businesses make it past their first decade in operation. The 2008 recession resulted in government regulators tightening the standards for creditworthiness, increasing the amount of checks that lenders must undergo to approve loans.

Fintech 177

Fintech Fraud Lending Regulation 177

PYMNTS

DECEMBER 20, 2018

26 ,with products from the eCommerce operator averaging nearly 14 percent lower than competing retailers including Walmart and Target, according to an analysis from Profitero. months in the period of 2008 to 2010 to only 3.7 Amazon now accounts for 2.1 For instance, Informed.co months in the period from 2014 to 2017.”

Software 157

Software Retail Analysis Online 157

PYMNTS

APRIL 26, 2017

Jean-Luc Robert, chairman and CEO at Kyriba , talks about his approach to innovation and what is critically important about payments in today’s market. Q: How would you define your company’s approach to innovation? A: We focus on innovating business value that meets business demand. At Kyriba we see technology as an enabler.

Risk Management 100

Risk Management Management Innovation Resources 100

PYMNTS

MARCH 10, 2020

The rebranded Branch will use the financing to accelerate product development and distribution as its office furniture business expands its footprint and its innovative business model. The company already booked more revenue than it did for all of 2019, which was its first year in operation. Fresh off a $2.4

United States 130

United States Course Groups Retail 130

PYMNTS

MARCH 10, 2020

In exchange, Grab gains greater visibility into SMB operations and performance. “By He pointed to Grab’s ongoing innovation of “bite-sized” products, which enables the company to offer smaller loans to SMBs that traditional banks find it costly to facilitate.

Data 193

Data Lending Capital social media 193

PYMNTS

DECEMBER 28, 2020

The second flavor were the brands that had seen traction before the pandemic and flourished during it with innovative marketing, fresh business models and cool packaging. Formed in 2008, Green Goo is a women-owned, family-operated company that started out making skin products and first aid salves for friends and family.

Branding 162

Branding Retail Philadelphia Marketing 162

PYMNTS

MAY 9, 2016

Prior to founding Forter, Michael was the VP Product & International Operations at Pango Parking where he was in charge of the deployment and adoption of Mobile Wallet technologies worldwide. Michael is the co-founder and CEO of Forter. CEO of Market Platform Dynamics.

Fraud 100

Fraud Online United States Cyber Security 100

PYMNTS

OCTOBER 5, 2016

Labor saving devices and minimum wage hikes from 2000 to 2008 did not result in a significant drop in the food service sector, according to DePaul University and the Federal Reserve Bank of Chicago. As a result, most operators do not want to assume the investment risk. Jobs in the leisure industry will increase by 0.6

Chicago 161

Chicago National Industry Operations 161

FICO

JUNE 16, 2022

Prior to the 2008 global financial crisis, the average RtFG of consumer credit customers having reached charge-off was 2.5 Key Differences in Recovery and Debt Collections from 2008 to 2022. Omnichannel two-way digital dialogue was largely unproven in collections’ operations. We’re no longer in need of driving innovation.

Meeting 52

Meeting Analytics Strategy Data 52

PYMNTS

JUNE 19, 2018

And though some restaurants are making strides on technological innovation, some restaurants still have a way to go. As restaurants seek to innovate with consumer preferences in mind, here are some online features that consumers look for in their preferred restaurants: Third-Party Aggregator App.

Survey 115

Survey Cards Study Innovation 115