Perficient
JUNE 8, 2020
With many US cities emerging from lockdown, businesses are considering their next moves, but some fear their window to act has passed. Even with lockdown restrictions loosening, re-entry into the world isn’t going to happen overnight, and even when it does happen, how people make their way in the world has changed forever. Reopening has started.
Chris Skinner
JUNE 8, 2020
I blog about so many things. Sure, most of the time it’s FinTech, banking and technology. Sure, most of the time it’s about the future, the outlook, the ideas. But quite often I find myself returning to topics that I’m passionate about: diversity, equality, inclusion, climate protection, the future, our … The post FinTech can’t tackle financial services without tackling its diversity problem appeared first on Chris Skinner's blog.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Perficient
JUNE 8, 2020
The COVID-19 pandemic has been a trying time for people across the world and has brought uncertainty and fear into the lives of many. However, even in these difficult times, there are always people who find ways to bring a little light and make a difference in any way they can. Our Chicago team members fit right into this category when they dedicated a night to making masks for themselves and their friends and families.
PYMNTS
JUNE 8, 2020
United Nations global blockchain expert Massimo Buonomo has foreseen a future where digital currencies could replace low-interest bank accounts, Coindesk reports. Low interest rates, he said, were the main enticement for people to come and join a new bank — but they would be obsolete in competition against an official digital currency, which could easily process a digital payment the same way.
Advertisement
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
Chris Skinner
JUNE 8, 2020
Things we’re reading today include … Could you soon be paying your bank to hold your savings? The World’s Best Banks: The Future Of Banking Is Digital After Coronavirus Amanda Staveley sues Barclays for £1.5bn in high court Covid-19 pandemic risks dramatic rise in poverty, warns World Bank EY fights … The post Things worth reading: 9th June 2020 appeared first on Chris Skinner's blog.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
JUNE 8, 2020
The U.S. Court of Appeals for the Ninth Circuit has joined the Seventh and Eleventh Circuits in ruling that the “prior express consent” required by the Telephone Consumer Protection Act (TCPA) for autodialed calls to cellular phones must come from the current subscriber and not the intended recipient of the call. In N.L. v Credit One Bank, N.A. , the plaintiff received collection calls from the bank at his mother’s cellular phone number that had been reassigned to her from an individual who owed
PYMNTS
JUNE 8, 2020
The long-term consequences of the digital shift continue to be quantified and qualified. As evidenced by last week’s PYMNTS’ card on file report , consumers are ready and willing to keep their data with retailers, both online and offline, in exchange for frictionless experiences. The big action has now moved to infrastructure, payments and more behind-the-scenes activity that shows the spike in eCommerce is likely here to stay, even post-pandemic.
Payments Source
JUNE 8, 2020
Restaurants and retailers which saw their physical outlets closed down by the coronavirus pandemic have been scrambling to stay in business with the help of omnichannel retail software vendors.
PYMNTS
JUNE 8, 2020
With advanced programming interfaces (APIs) and the cloud, opportunities for organizations to implement third-party FinTech solutions continue to grow, with innovators lowering the barriers and reducing the friction points of adoption and automation. B2B payments technologies can be seamlessly integrated into businesses’ existing back offices with minimal disruption, and it’s an achievement that has not only opened the door for smaller firms to adopt technology, but has led more busi
Advertisement
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
Bobsguide
JUNE 8, 2020
By David Griffiths, CEO, FISCAL Technologies. As the economic impact of the pandemic deepens across the globe, the ability of organisations to procure products and services in a timely, yet safe manner has never been more important. As the pandemic spread across the world, a number of factors.
PYMNTS
JUNE 8, 2020
The new coronavirus led many financial institutions (FIs) to close or limit the hours of operation of their brick-and-mortar branches amid stay-at-home orders, in effect making digital platforms the only option for many consumers to interact with their banks. FIs thus received an influx of customers looking to mobile onboard as they pivoted to facilitating typically in-person activities online.
Matt Wilcox Pro
JUNE 8, 2020
We humans have never been very good at focusing on more than one thing at a time. (Most people who think they can multitask are kidding themselves.) So it’s not surprising that, with the COVID 19 pandemic dominating headlines and exerting uncommon influence over our daily routines, other bits of news may slip right by.
PYMNTS
JUNE 8, 2020
After the euphoria, perhaps a reckoning. We’ve had a weekend to digest the surprisingly strong jobs report data that debuted on Friday, where the Bureau of Labor Statistics reported that the U.S. economy gained 2.5 million jobs. As a result, the unemployment rate dropped from 14.7 percent to 13.3 percent. One data point does not make a trend. But the latest information was so strong a reversal from the millions of jobs that were expected to have been lost in May that stocks surged, and the Dow J
Advertisement
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.
Payments Source
JUNE 8, 2020
B2B space will have a permanent shift towards digitization, a desire for contactless experiences, and a greater need for efficient and reliable cash flow, according to Billtrust's Nick Babinsky.
PYMNTS
JUNE 8, 2020
While the global pandemic has pushed organizations into the digitization fast lane, the need to move accounts payable (AP) to the cloud did not suddenly lift the multitude of barriers organizations have historically faced when modernizing their back offices. On the contrary, in many ways, the pandemic added to that list of friction points, especially for small- to medium-sized businesses (SMBs).
BankInovation
JUNE 8, 2020
Bank Innovation will host a virtual fireside chat titled “The future of relationship banking” on Thursday at 11:30 a.m. EST with Imran Khan, head of global digital experience at TD. The conversation, which will focus on TD’s digital tools to personalize customer experiences, will be available to Bank Innovation premium subscribers. Khan has worked at […].
PYMNTS
JUNE 8, 2020
Open banking may soon become table stakes for financial institutions (FIs) — they need to act now and be able to offer it securely or risk getting left behind. Open banking connections enable third-party apps to provide more convenient, insightful and tailored services thanks to banking customer data. There appears to be strong demand for such services, too, with the global open banking market projected to increase in value at a compound annual growth rate (CAGR) of 24.4 percent between 2019 and
Advertisement
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.
American Banker
JUNE 8, 2020
Before the coronavirus outbreak, financial institutions, wary of robberies, prevented customers from covering their faces. As branches reopen, public health concerns are forcing accommodations.
PYMNTS
JUNE 8, 2020
Indian FinTech Infibeam Avenues , which works in digital payment and eCommerce solutions, has bought all shares of Cardpay Technologies, which provides payment and invoice technology, in an all-stock deal. In the announcement , the companies said the acquisition will help Ahmedabad-based Infibeam offer better B2B payment services. Cardpay , based in Bengaluru, India, offers a spending management platform to corporations under the brand name “Grit.
Banking Exchange
JUNE 8, 2020
Ponce Bank has entered into a partnership with Grain Technology to use its AI-powered credit tools Mortgage Credit The Economy Feature Management Duties Retail Banking People Customers Mobile Online Community Banking Feature3 Fintech Mortgage.
PYMNTS
JUNE 8, 2020
The pandemic has thrown daily operations for merchants in the EU and the U.K. into flux. Retailers have had to swiftly adapt to markets where online transactions have ballooned exponentially. Even customers still shopping in stores are desiring digital payment methods such as contactless cards that allow them to pay without using cash or checks that may carry traces of the virus.
Advertisement
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.
SWBC's LenderHub
JUNE 8, 2020
What happened: The week was dominated by some of the biggest protests and civil unrest throughout the country since the late 1960s. Stocks held a positive tone against adversity and then went ballistic when a shocking May BLS employment report came out Friday. The report showed a LOWER unemployment rate and a 2.5 million job GAIN, versus estimates of a 7.5 million job LOSS!
PYMNTS
JUNE 8, 2020
After nearly three months of closures in most places, the U.S. restaurant industry is preparing for its grand reopening with extensive safety guidelines in place. Depending on state and local rules and individual eateries’ voluntary actions, wait staff will generally wear masks, tables must be spaced several feet apart, and customers’ temperatures will be taken at the door.
Payments Source
JUNE 8, 2020
Alfie’s Beer Bus found a niche as an offbeat character at events in the U.K. — like an ice cream truck, only with alcohol. Then the coronavirus came.
PYMNTS
JUNE 8, 2020
April wasn’t a good month for consumer-credit use. According to the latest Federal Reserve data , U.S. consumer borrowing dropped 19.6 percent — its fastest decline since 1943. All in, consumer credit took a $68.8 billion hit in April, with revolving debts like credit cards taking the hardest hit — falling by a steep 64.9 percent. Non-revolving credit — including student loans and auto loans — fell as well, but only by 4 percent.
Advertisement
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.
Expert insights. Personalized for you.
452 
Let's personalize your content