SWBC's LenderHub

OCTOBER 29, 2020

In the past quarter century, texting—like the internet—has become ubiquitous. We’re used to communicating with friends and family via text throughout the day, sending quick hellos, and coordinating plans. Americans are also increasingly reliant on text messages for professional communication and to interact quickly and easily with businesses without having to take time out of the day to sit down to make a phone call or draft an email.

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Bobsguide

OCTOBER 29, 2020

Lack of sustainability threatens challenger bank longevity, according to a panel at Money 2020 Moneyfest yesterday. “Of course companies have to be profitable, but most of all they have to be sustainable. This is the point, and to be sustainable you can’t always reach out to the.

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Bobsguide

OCTOBER 29, 2020

At a time when the costs of doing business are skyrocketing, is it sustainable for banks to persevere with the current approach to trade settlement failure? While there will always be trades that fail, the tolerance levels of banking boardroom execs must be at breaking point right now if the.

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Analytics 88

Perficient

OCTOBER 29, 2020

The mobile TV platform seemed to have it all. Why did it lose everything? Last week mobile TV platform Quibi announced plans to shut down operations, just seven months after a promising debut. In its brief run, Quibi burned through $1.7 billion of investor goodwill, flubbed a turn on the Super Bowl ad stage and generally failed to live up to Valleywood hype.

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Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

US

PYMNTS

OCTOBER 29, 2020

Ant Group’s pending IPO could spell a multibillion-dollar payday for a small and elite group of foreign investors, who bought a stake in the giant Chinese FinTech two years ago, The Wall Street Journal reports. Some of the top investors pumped $500 million each into Ant Group , including the “sovereign-wealth funds of Singapore and Malaysia, the Canada Pension Plan Investment Board and private-equity firms Silver Lake, Warburg Pincus, Carlyle Group and General Atlantic,” the Journal reports, cit

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Groups Report Capital Management 266

PYMNTS

OCTOBER 29, 2020

The pandemic has changed all kinds of things about consumers. They’re more concerned for protecting their health, they're working remotely, they’ve relocated most of their commerce lives online and on mobile — the list goes on and on. But perhaps the most interesting shift, Upgrade CEO and Co-founder Renaud Laplanche told Karen Webster, is how much more focused they’ve become about being financially responsible in these uncertain times.

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Perficient

OCTOBER 29, 2020

Imagine you are the owner of a company that sells electrical products. With Salesforce CRM, your marketing team was able to gather more and more customers. But you notice that the sales team is taking a much longer time to close sales. The sales team is using traditional methods; spending too much time filling out Excel sheets to track pricing, quoting, and products; and a manual approval process for customer discounts.

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PYMNTS

OCTOBER 29, 2020

The pandemic is affecting the amount of money migrant workers can send home, with remittances projected to drop 7 percent this year to $508 billion and forecasted to drop a further 7.5 percent by 2021, according to a statement from the World Bank Thursday (Oct. 29). Last year, migrants sent $548 billion in remittances, a record high, the statement noted.

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Perficient

OCTOBER 29, 2020

With extensive program upgrades and technical improvements, many businesses are finding its time to upgrade from HCL V7 to the more recent version, HCL V9. We understand that upgrades to any system can be frustrating, extensive, and difficult to navigate, which is why partnering with HCL experts who can walk you through the migration and outline the central changes and challenges will prove to be invaluable to help shift your mindset around a V9 upgrade.

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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

Lending

Accenture

OCTOBER 29, 2020

The perception that Hong Kong is behind other global financial and technology hubs on innovation both in fintech and technology, in general, is widespread. Within Asia, Hong Kong is seen as having lost ground to Shenzhen, home to Tencent and Huawei, and Singapore, which has arguably nurtured a much more vibrant technology start-up ecosystem. In…. The post Nurturing winners: how Hong Kong can seize its fintech potential appeared first on Accenture Banking Blog.

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PYMNTS

OCTOBER 29, 2020

COVID-19 is unfortunately seeing a new wave of infections. Outside of the health concerns and personal toll the disease is taking, the new developments are adding rocket fuel to the digital-first economy. This new acceleration of cases comes at a time when consumers are becoming more deeply ensconced in their new digital shopping and eating habits. This time, however, retailers and restaurants have upped their digital game instead of being caught flat-footed as they were at the beginning of the

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Payments Source

OCTOBER 29, 2020

The concept marries digital ID to the trend toward making the car’s internet connectivity an e-commerce lane.

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Trends Online Payments 165

PYMNTS

OCTOBER 29, 2020

Trust in supply chains can be a tricky thing to achieve. It’s absolutely necessary to make them work, but they can be hard to establish because so much of how things actually move from Point A to Point B can be frustratingly opaque. Mastercard ’s Senior Vice President of Innovation and Startup Engagement Deborah Barta told Karen Webster in a conversation with Luis Macias , CEO and Founder of GrainChain , that COVID-19 has only intensified the issue.

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blockchain Innovation Regional Technology 233

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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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Payments Source

OCTOBER 29, 2020

While gift cards are often marketed as an easy way to send money to friends and family, during the pandemic they're transforming into a more versatile tool of commerce that can overtake the use cases commonly associated with cash.

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Cards Tools Marketing 127

PYMNTS

OCTOBER 29, 2020

Starbucks Corp. reported on Thursday (Oct. 29) as part of its Q4 earnings that comparable-store sales dropped 3 percent in China, with comparable transactions lower by 7 percent, partially offset by a 5 percent rise in average ticket. Starbucks President and CEO Kevin Johnson said on a call with analysts that China’s mobile order sales mix increased by over double in the last 12 months to 26 percent in Q4, with 13 percent originating from delivery and 13 percent from mobile order and pay, well a

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Mobile Report Innovation US 214

Payments Source

OCTOBER 29, 2020

Alliance Data has agreed to purchase point of sale installment lender Bread in a $450 million deal with plans to make Bread’s buy now, pay later (BNPL) options available to credit card-issuing merchant clients.

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Data Cards 122

PYMNTS

OCTOBER 29, 2020

Digital payments have become commonplace for businesses and individuals alike, with the global payments market expected to be valued at $6.7 trillion by 2023. Along with this surge in digital payments’ volume has come a growing demand for seamless payment experiences. Customers expect payments to be as fast and friction-free as any other part of their digital lives, and providers are faced with the challenge of meeting this expectation while also ensuring that payments are secure and compliant w

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Payments Fraud Meeting Security 213

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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.

Lending

Jack Henry

OCTOBER 29, 2020

With the growth of cybersecurity and an ever-changing marketplace , there’s been an explosion of acronyms in the tech industry. Here, we will begin a discussion of how SIEM and SOAR have evolved over the decades and how they continue to adapt to today’s cybersecurity challenges. SIEM and SOAR are causing substantial confusion among the IT community.

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Community Security System Industry 122

PYMNTS

OCTOBER 29, 2020

Seasonally adjusted initial unemployment claims dipped to 751,000 the week ending Oct. 24, some 40,000 lower than the previous week's revised levels, according to the Thursday (Oct. 29) report from the U.S. Department of Labor (DOL). The previous week's revised level was upped 4,000 from 787,000 to 791,000. The seasonally adjusted insured unemployment rate dropped 0.5 percent from the previous week's revised rate to 5.3 percent for the week ending Oct. 17.

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Payments Source

OCTOBER 29, 2020

Though the COVID-19 pandemic continues to stifle economic growth globally, Western Union again pointed to its fast-growing digital services as key to keeping the company on a positive trend.

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Trends Company Payments 110

PYMNTS

OCTOBER 29, 2020

Consumer behavior drove Western Union 's positive third quarter earnings results , announced Thursday (Oct. 29), with cross-border principal up by 8 percent for the quarter. The financial institution (FI) recorded a strong performance in its foundational services, consumer-to-consumer transactions and remittances, with digitization of its services a key driver of growth.

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Digital Strategies Strategy Operations US 204

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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.

Lending

Payments Source

OCTOBER 29, 2020

U.K. fintech Currensea has launched its first open banking-based debit card for British small businesses trading internationally. The card, which links to users’ existing high street bank accounts, builds on the pre-open banking concept of a decoupled debit card.

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Cards Meeting Fintech Regulation 118

PYMNTS

OCTOBER 29, 2020

With more and more FinTechs introducing their own banking services, the competition is heating up. Small business lending platform BlueVine is the latest FinTech to take this path, having taken the wraps off of its banking solution this week with the launch of BlueVine Business Banking. The solution, which secured about 20,000 SMBs to pilot the technology in the last year, provides deposit account and payment solutions that aim to compete with traditional banks that, as CEO and Co-founder Eyal L

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CFPB Monitor

OCTOBER 29, 2020

In an internal memorandum recently circulated at the CFPB, Bryan Schneider, who leads the Bureau’s Division that houses its supervision, enforcement, and fair-lending functions, announced a major internal reorganization. The reorganization would take away the Office of Enforcement’s autonomy to open investigations and issue civil investigative demands.

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Policies Lending Tools Strategy 113

PYMNTS

OCTOBER 29, 2020

The Chilean unit of Walmart Inc. has been sued in Chile by suppliers alleging anti-competitive practices, Reuters reported. The suit was filed in the Tribunal for the Defense of Free Competition by a trade association that represents companies including Coca-Cola and Unilever, the report said. The suit alleges Walmart undermined free competition because it “exploited in an abusive manner its dominant position in the supermarket supply market, by imposing on its suppliers the contracting of certa

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Retail Branding Marketing US 186

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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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