Fri.Jun 19, 2020

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Top 10 Tips for Microsoft Teams

Perficient

Teams has matured quite significantly from its release date back in 2016. Throughout those years I’ve come across many features that I’ve found essential for work, so I’ve compiled a list of the top ten Teams tips (wow that’s a tongue twister) that you can use to get the most out of Teams! . Send an email to a channel. Many people may not know this, but each channel in Teams has its own email address.

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Celebrity Event Planner Colin Cowie On How ‘Hospertainment’ Can Save The Events Business

PYMNTS

It hasn’t been a good year for hospitality and events, with the pandemic shutting down travel, large gatherings, venues and the desire to be physically close to other people. Burning Man has been canceled, Coachella was delayed and then canceled, there will be no Iowa State Fair and the $300 billion global wedding industry is almost entirely stalled.

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Making Qualitative Adjustments and Stress Testing in Uncertain Economic Times

Abrigo

Key Takeaways The unpredictability of the economy has created questions around reporting losses. Without historical data to rely on, institutions can explain why it determined a forecast and provide support for that determination. A financial institution should reflect its belief in the degree of the severity of the economy expected in the next few years.

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PayID: Bid For Universal Payments — Or Crypto Legitimacy?

PYMNTS

Universality is, well, universally, desired in business — particularly when it comes to technology and especially when it comes to person-to-person (P2P) payments. At a high level, allowing disparate and far-flung customers to interact with ease and pay one another across different types of devices, wallets and currencies means that commerce gets a bit more fluid.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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The data on racial disparity in financial services

Payments Source

The murder of George Floyd shocked the national psyche to its core, spotlighting the persistent, systemic racism that exists in many American institutions, which continues to disenfranchise those who live within the Black community.

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Happy Father’s Day!

BankBazaar

Want to surprise your dad with something special this year? Buy whatever you want with Credit Cards with instant approval and contactless KYC. Click the button below to explore. Explore Credit Cards. The post Happy Father’s Day! appeared first on BankBazaar - The Definitive Word on Personal Finance.

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Proposal Would Allow SMBs To Get Another PPP Loan 

PYMNTS

More help for certain small business owners could be on the way if Congress approves another round of Paycheck Protection Program (PPP) loans. The Prioritized Paycheck Protection Program (P4) Act would allow businesses with fewer than 100 employees to get a second loan. To qualify, they must have spent or expect to exhaust their first PPP loan and can demonstrate a 50 percent revenue loss due to the COVID-19 pandemic, Yahoo!

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How mobile apps address tricky task of digital tipping

Payments Source

The coronavirus has spawned a fear over handling cash, creating a problem for the common practice at restaurants of using a card to pay while leaving cash for the tip. Given the challenges and restrictions tied to reopening, it's a conundrum eateries can ill afford.

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UK Financial Regulator Proposes Extended Grace Period Amid COVID-19

PYMNTS

A top British financial services regulator Friday proposed new regulations that could help borrowers bracing for the end of consumer protections implemented as COVID-19 bore down on the country. The Financial Conduct Authority (FCA) announced proposed guidelines for firms that issue credit cards and some other forms of consumer debt that could take effect as early as next week.

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The State of Automation in Financial Services 2024 Report

In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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COVID-19 pandemic caused increase in cyber fraud and changes in banking

ATM Marketplace

As millions of Americans have shifted their daily workplace and shopping to remote online networks and mobile devices, a new wave of cyber threats has emerged focused on targeting banks, e-commerce and other daily financial activities.

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Samsung Rolls Out New Economy-Priced 5G Phone

PYMNTS

Samsung Electronics ‘ new Galaxy A71 5G smartphone hit U.S. retail channels today (June 19) at a price considerably below most 5G handsets. Without a trade-in, the phone is priced at $599 at AT&T (for pre-order), T-Mobile, Sprint and Samsung’s retail website. Verizon will offer the phone later this summer, according to a Samsung news release.

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Why U.S. Bank ditched plastic for its newest corporate credit card

Payments Source

Though mobile payments adoption hasn’t surged like contactless cards as consumers look for ways to minimize coronavirus spread, U.S. Bank is ditching plastic completely with its newest corporate card.

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Amazon To Deliver Alcohol In West Bengal, India

PYMNTS

Amazon.com Inc. will soon enter West Bengal, India’s multi-billion dollar alcohol sales market, sources told Reuters. The West Bengal State Beverages Corp., the state agency that manages liquor licenses, granted approval for Amazon to sell liquor online, the news service reported. West Bengal is India’s fourth most populous state, with a population of more than 90 million.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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CEO of German fintech Wirecard resigns amid cash crisis

Payments Source

Mark Braun, the CEO of Wirecard, which rapidly expanded its global footprint in recent years issuing multicurrency payment card products, resigned Friday amid allegations of a major accounting scandal.

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Travel Industry Makes Early Attempts To Get On The Road (And In The Air) Again

PYMNTS

Consumers want to get out. PYMNTS’ recent consumer studies point to that fact, as almost half of Americans we surveyed (48.9 percent) report being bored shut in their homes, 50 percent want to travel domestically and 19.9 percent hope to resume international travel. The travel and tourism industry is gearing up to oblige. For example, Delta Air Lines anticipates adding around 1,000 flights a day in July and another 1,000 in August, CNBC reported.

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How Citi scored 270K new online accounts in May

BankInovation

Citibank launched a marketing campaign in May that gained the bank 270,000 new online accounts for existing customers who had zero prior online presence with the bank. “Consumers wanted to be part of the solution of COVID-19 and find ways they could help those impacted,” said Mary Hines, U.S. chief marketing officer at Citi. The […].

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eBay’s Head Of Payments On Localizing Buyer-Seller Experiences

PYMNTS

Merchants looking to expand their operations at home and abroad must be able to support their customers’ preferred payment methods, but doing so is no easy feat. Whether they partner with multiple payment service providers (PSPs) or opt to develop in-house payment capabilities, making payments operations work is often resource-intensive because it requires a high degree of plan­ning, coordination and strategy.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Here's Congress's chance to help black communities

Payments Source

A blueprint that includes more CRA and tax credits for lower-income African Americans would help a demographic disproportionately harmed by the coronavirus pandemic.

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How Telemedicine Is Going To The Dogs (And Cats, Too)

PYMNTS

Pet care, no surprise, is big business. In the U.S. alone, pet owners spent $29 billion on veterinary care and product sales, as estimated by the American Pet Products Association. That tally includes routine vet care, surgical procedures and pharmaceuticals. And while all manner of businesses shut down during the pandemic, veterinarians proved to be essential — and, along with the rest of us, have been pivoting to embrace the great digital shift.

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Unlock 1.0 – Personal Finance Highlights

BankBazaar

The lockdown may be over, but its impact on our finances live on through Unlock 1.0. Let’s find out what’s changed. Experiencing a pandemic together is surely going be etched in our memories for a lifetime. Though there may not be many pleasant things to say about social distancing and being restricted to the four walls of our houses, it’s safe to say that it took a pandemic for some of us to streamline our finances.

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Latin America Entices B2B FinTech Investors

PYMNTS

It was a big week for B2B FinTech startups in Latin America. Supply chain financing company Greensill revealed its acquisition of Colombia-based Omni, a small- to medium-sized business (SMB) lender that will enable Greensill to strengthen its Latin American footprint. “Latin America is a highly attractive growth market for us, and the acquisition of Omni will significantly expand our capabilities in this important region,” the firm’s Founder and CEO Lex Greensill said in a stat

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.

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Weekly Wrap: Banks tackle crisis CX and stand-alone brands

BankInovation

This week, Bank Innovation took a look a Verint report that ranked some of the country’s biggest banks based on their crisis customer experience during the COVID-19 pandemic. Smaller banks, meanwhile, are pursuing stand-alone brands despite the fact that bigger banks have stumbled with their own digital offshoots. In startup news, Upgrade plans to move […].

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Amazon And Valentino Sue Over Alleged Counterfeits

PYMNTS

Amazon and Italian luxury brand Maison Valentino filed a lawsuit against a retailer Thursday (June 18), alleging the company sold counterfeit goods as the trade in the so-called “gray market” continues to draw attention. The suit was filed against Buffalo, N.Y.-based Kaitlyn Pan Group LLC and New York resident Hao Pan for allegedly counterfeiting Valentino’s Garavani Rockstud shoes and offering them for sale on its own website as well as on Amazon.

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ICapital acquires Wells Fargo’s GAI platform

BankInovation

ICapital Network, a fintech that automates alternative investing processes, announced it will acquire Wells Fargo’s Global Alternative Investments’ (GAI) feeder fund platform. Although the terms of the deal were not disclosed, iCapital expects to complete the deal during the second half of 2020. “Buying and selling equities, and buying and selling fixed-income products is super […].

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mCommerce Rises To Meet Digital 3.0

PYMNTS

Mobile commerce hasn’t been a focus during the pandemic, but recently retail apps and other usage patterns are starting to appear as more than a blip on the Digital 3.0 radar. Consumers have adopted using mobile for restaurant orders. According to data cited in the June edition of the PYMNTS “Order Ahead Mobile Tracker,” 25 percent of consumers have increased their usage of third-party apps, with their primary incentives being cravings for specific types of food and low delivery costs.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.