PYMNTS

JANUARY 16, 2020

In addition to the launch of InvoiceXchange in pilot phase, Crowdz also revealed that it has joined Oracle’s Oracle for Startup programs along with 19 other startups, an initiative in which Oracle will provide resources for businesses to scale up operations.

Resources 169

Resources blockchain Tools Capital 169

PYMNTS

DECEMBER 24, 2018

You have to put the resources and the focus behind [to] determine the sequence of your offering, and then always [stick] to delivering the next item on the agenda,” Prill explained. The real challenge in making the omnichannel leap is the ball and chain of legacy technology holding the industry back.

Data 151

Data Payments System social media 151

PYMNTS

FEBRUARY 20, 2019

19), Mastercard announced the launch of its Cybersecurity Toolkit for SMBs, an online resource developed in partnership with the Global Cyber Alliance (GCA) that provides entrepreneurs and business executives with guidance and tools to address the threat of cyberattacks on their companies. In a press release on Tuesday (Feb. ”

Resources 140

Resources social media Tools Policies 140

PYMNTS

JANUARY 13, 2020

In today’s top payments news, Wells Fargo is trying to revamp its approach to technology to appease regulators, and Goldman Sachs finally launches a mobile app for its online-only bank, Marcus. Application program interfaces (APIs) bring much needed convenience to banks operating a variety of tools needed for daily operations.

Mobile 131

Mobile Payments Regulation Resources 131

Accenture

AUGUST 15, 2019

Now, it’s becoming clear that the combined workforce of people and machines is what will help banks capture the most value from technology-enabled back-office change. Evolving the back office will also require new skilling for workers in a shortened time frame, as technology skills can quickly become obsolete.

Operations 150

Operations Survey Strategy Examples 150

PYMNTS

AUGUST 6, 2020

trillion in 2018. New technologies and API infrastructures are also leading to rapid innovations in the PaaS space, including quicker payments than ever before. Payments are an omnipresent part of life for corporates and consumers alike, with the United States seeing 174.2 billion noncash payments totaling $97.04 About The Tracker.

Regulation 245

Regulation Payments Innovation Fintech 245

PYMNTS

NOVEMBER 23, 2020

While technological advancements have revolutionized many aspects of operations, payroll and expense management are not [among] them. This approach can be compelling for employers that need to quickly solve problems to grow their workforces and operations worldwide.”. based organizations, 41.2 They could, and they are.

System 165

System Management Tools Cards 165

PYMNTS

AUGUST 15, 2019

Seventy countries had adopted the standard as of May 2018, and it is expected to support 87 percent of the world’s financial transactions by 2023. High-value payment systems operated by the U.S. Setting aside resources for improvements and adoption is not the only potential challenge, either.

Resources 145

Resources System Data Payments 145

PYMNTS

DECEMBER 28, 2018

With FinTechs offering clients a range of easy-to-use, sophisticated products, banks in 2018 were pressured to react to small businesses’ demand for advisory services — not just data, and not just digital platforms. Bank technology provider nCino has kept this challenge in mind throughout 2018. back office, too.

Fintech 177

Fintech Customer Experience Tools Technology 177

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. resources. A report found that the U.S. imposed a full $23.52 billion and the Middle East levied $9.5

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

MAY 3, 2019

peers in terms of technology, a new report from Greenwich Associates found. rivals have taken the lead in implementing key digital technologies, giving rise to intense competition in the corporate banking sphere. European corporate banks are lagging behind their U.S. banks at the forefront of implementing such solutions.

US 128

US Report Management Analytics 128

PYMNTS

JANUARY 22, 2020

Given this, Accenture Procurement asked our internal IT and Accenture Technology blockchain organizations for a solution.”. Accenture buyers can procure necessary resources for Accenture teams in shorter lead times and invoice processing and payments are timely as well.”.

blockchain 132

blockchain Software Data Resources 132

PYMNTS

OCTOBER 17, 2018

” In its 2018 AFP Technology Survey , underwritten by corporate treasury management firm BELLIN , the AFP surveyed 708 corporate finance executives about their thoughts on adoption of technologies like artificial intelligence (AI) and blockchain.

Fintech 177

Fintech Survey Analytics Tools 177

PYMNTS

DECEMBER 11, 2018

A new report from consulting firm Protiviti finds corporate c-level executives have shown a sudden spike in their concern over the “digital readiness” of their organizations, particularly as older companies struggle to embrace technology and compete with “born digital” players. ” A Closer Look At The Risks.

North Carolina 163

North Carolina Survey America Big Data 163

PYMNTS

JANUARY 9, 2019

million deal closed at the end of last year, and is the second transaction in two months for Paya, which said in November that it bought Stewardship Technology , a payments facilitator (payFAC) that serves nonprofits and faith-based organizations. Cohen told Webster that First Billing is “in the right spot with the right technology.”

Software 158

Software Ohio Strategy Technology 158

PYMNTS

FEBRUARY 22, 2018

The Wall Street Journal recently reported , for example, that China’s technology industry is looking closely at Southeast Asia, which is now the world’s third-largest region for technology M&A activity by Chinese companies.

Fintech 104

Fintech Regional Resources blockchain 104

PYMNTS

SEPTEMBER 13, 2019

Melissa Kremer, chief human resources officer at Target, said in the announcement, “It’s critical we build the right team across our stores and supply chain to deliver an exceptional holiday experience for our guests during the busiest time of the year. Tom Ward, senior vice president of digital operations for Walmart U.S.,

Retail 244

Retail Trends Online Technology 244

PYMNTS

JUNE 13, 2019

Fighting bad actors is particularly challenging for those in the banking industry, which lost more than $31 billion to fraud in 2018 and is projected to lose even more as cybercriminals become more sophisticated. The bank implemented a data-based fraud detection initiative in 2018 to help combat this problem with false positives.

Fraud 128

Fraud Analytics New Jersey Data 128

PYMNTS

JANUARY 29, 2020

A significant number of firms — notably small- to medium-sized businesses (SMBs) — still use such systems, as 25 percent of smaller firms stated in 2018 that their payroll involved pen-and-paper methods. A 2018 report found that 21 percent of the fraud SMBs see is expense reimbursement fraud from their own employees.

Taxes 141

Taxes Fraud Tools System 141

PYMNTS

JULY 28, 2017

From manufacturing to customer service, there have been several parts of today’s workforce that have been automated by some form of smart technology. In its arena, chatbots’ underlying technologies driving it is a combination of artificial intelligence (AI), machine learning and natural-language processing.

Retail 179

Retail Case Study Customer Experience Technology 179

Accenture

JUNE 20, 2019

But many corporate “portals” are clunky, non-intuitive applications built on aging technology. They believe that adapting new technologies is their top challenge in corporate payments. ² Modern technology architectures are certainly critical to next-generation portals. But the keys to success go beyond technology.

Survey 150

Survey Customer Experience Payments Management 150

PYMNTS

FEBRUARY 3, 2020

This prospective growth can largely be attributed to the Monetary Authority of Singapore (MAS), the region’s main regulator, which announced in June 2018 that it would grant five digital banking licenses to third-party companies. The news set off a high-stakes race among today’s top global eCommerce, finance and technology players.

Digital Banking 185

Digital Banking Innovation Maine Regulation 185

PYMNTS

JANUARY 17, 2020

Implementing a layered anti-fraud approach that utilizes several technologies could help protect against bad actors looking for vulnerabilities. As that happens, retail operators — including some of the biggest and most famous — are turning to AI and putting more faith in the technology to help secure the future. Grocery AI.

Retail 149

Retail Security Fraud Illinois 149

Filene

FEBRUARY 27, 2018

Center for Performance and Operational Excellence: Fiserv, Christian Financial CU, Alliant CU. Speaking of those last two centers on Operational Excellence and Emerging Tech – you won’t want to miss our 1-2 research punch coming to California this April. Keeping pace with emerging financial technologies.

San Diego 47

San Diego Austin Boston Innovation 47

PYMNTS

AUGUST 23, 2019

Working together to solve these challenges was the main takeaway from a PYMNTS discussion between Karen Webster and Heather Lee, financial crime compliance and sanctions strategy at SWIFT , the global financial messaging co-operative. And to that end, we’ve seen growing engagement and co-operation across the industry.”. Rapid Growth.

Compliance 192

Compliance Security Payments Community 192

PYMNTS

APRIL 16, 2020

Not only do industry giants have innate name recognition, but they also have colossal advertising budgets and access to cutting-edge mobile ordering technology and features that small operations cannot match. This is on top of a staggering 347 percent increase in account takeover (ATO) fraud between 2018 and 2019.

Fraud 130

Fraud Chicago Resources Mobile 130

PYMNTS

OCTOBER 22, 2019

Small community banks often face even tougher prospects in this new and emerging world of payments, given their relatively limited resources, marketing and technological capabilities. Those operations manage and own 50 percent of [U.S. Those operations manage and own 50 percent of [U.S. Deposit Trends.

Community Bank 116

Community Bank Community Operations Leadership 116

CB Insights

MAY 8, 2018

While the prices of cryptocurrencies and cryptoassets have fallen from their 2017 peaks, equity investment into blockchain startups is on pace to hit all-time highs in 2018. See how venture firms, corporates, regulators, and builders are shaping the future of blockchain technology. THE FUTURE OF BLOCKCHAIN TECH.

blockchain 75

blockchain Trends Technology cryptocurrency 75

PYMNTS

JANUARY 16, 2020

The online marketplace company aims to eventually use AI technology on descriptions, so that a user could give basic details and the AI would flesh out the rest. Vroom said it will use the capital to invest in expanding its workforce, technology, operations and marketing, as well as products. More Funding.

Retail 131

Retail Detroit Video Online 131

PYMNTS

DECEMBER 30, 2019

Fifty-four countries now have active real-time payment programs, up from 40 countries in 2018. Real-time payments technology continues to bring speedier payments to new markets such as the music business, and artists — and their accountants — dig the new sound. and abroad continues at a steady pace.

Payments 130

Payments System Maine Fintech 130

PYMNTS

JUNE 24, 2020

trillion in premiums for 2018, according to one recent report , a notable portion of the wider industry’s approximately $5 trillion in revenue that year. The space recorded a 66 percent increase in net income, hitting $60 billion in 2018, for example, and the first half of 2019 saw individual insurer Lloyd’s report a $2.8

Industry 152

Industry Payments Examples System 152

PYMNTS

MARCH 9, 2020

Payment scheme providers must consider how to encourage adoption, especially if operating in countries lacking a government mandate for financial institutions (FIs) to sign on. The federal government deliberated in 2018 and 2019 over developing its own real-time payment system, FedNow , to compete with RTP.

Strategy 202

Strategy System Payments Resources 202

PYMNTS

JANUARY 6, 2020

Yet, the broader perception of smaller financial institutions (FIs) in the industry is that these banks lack the resources that larger banks offer, as well as the agility of emerging FinTech firms, to promote product and service innovation to their SMB clients. has dropped from 8,000 in 2004 to about 5,400 in 2018.

Community Bank 123

Community Bank Community Payments Fintech 123

PYMNTS

SEPTEMBER 19, 2019

A peanut butter and jelly sandwich may not look like much on the plate — but it actually takes quite a lot of resources and infrastructure to get it there. On the assumption that all of those people are going to need to eat — the world needs to find a way to get better about more efficiently distributing the edible resources.

Mobile 134

Mobile Resources Meeting Analytics 134

PYMNTS

FEBRUARY 11, 2019

Amid great technological change, health and beauty retailers are developing strategies to drive innovation. Yet not all retailers have the same resources, as companies with less than $250,000 in earnings might not have an easy time paying for new innovations or finding talent. More than six in 10 health and beauty firms — or 61.7

Innovation 166

Innovation Retail social media Apple 166

PYMNTS

MAY 6, 2020

trillion, and it resulted in almost half of global organizations noting they were victims of fraud in 2018. Bad actors are constantly working to find online systems’ loopholes or weaknesses — a growing problem as such platforms enhance their operations to provide legitimate customers with more seamless experiences.

Data 181

Data Fraud Tools Technology 181

PYMNTS

JANUARY 18, 2018

The regulatory pressures on banks is not only fierce, it’s also continually changing, forcing financial institutions (FIs) to invest vast resources to stay on top of evolving rules. In its Global Banking Outlook 2018 survey , EY assessed 221 financial institutions across 29 markets.

Regulation 156

Regulation Innovation Fintech Marketing 156