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US Banks Expected To Lose 200K Jobs To Technology

PYMNTS

In the next 10 years, as robots and other tech bring about the “greatest transfer from labour to capital” the industry has witnessed, per a report by Wells Fargo analysts, U.S. Mayo said, according to the outlet, “It’s been a rocky 25-year marriage for banking and technology, but it’s finally getting on course.”.

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How Federal Debt May Impact Banking

South State Correspondent

However, because bank capital has an average expected life of 15 to 20 years, bank managers must gauge and react to secular changes that will impact their business model. These changes associated with higher government budgetary spending will have direct and consequential effects on the banking industry.

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Sprint And T-Mobile Merger, Spend Management And State Tax Top This Week’s News

PYMNTS

We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . The country’s Superintendency of Industry and Commerce (SIC) reportedly said Uber went against market rules. A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws.

Taxes 101
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Bitcoin And The Bitter Tax Bite

PYMNTS

And lest you think changes in tax policy sow confusion only in the United States, think again. Bitcoin breeched a key psychological barrier on news that the South Korean government would tax income earned by virtual currency exchanges to the tune of 24.2 This past week saw a wild ride. Crossing borders and crossing the Rubicon.

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Ontario Systems Buys SwervePay To Boost Electronic Payments

PYMNTS

Electronic payments processing is becoming “increasingly critical” for Ontario Systems’ customers, which mandated the acquisition of SwervePay acquisition, a payment facilitator in the accounts receivable management and healthcare industries.

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Cannabis Dispensary SaaS Provider Baker Technologies Raises $3.5M

PYMNTS

The funding will help with upfront capital provided to those farmers. Within banking, SolarisBank garnered $28 million, with venture capital provided by Arvato Financial Solutions, among others, which will be taken to expand the European technology platform, furthering geographic reach.

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On Demand Pay Finds A Home In Financial Services

PYMNTS

The financial services industry saw 21,000 positions added in July. In an interview with Karen Webster, Patrick Luther who is the industry principal of financial services at Ceridian , illustrated how on-demand pay can help improve the overall financial situation for those working in the sector.

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