Chris Skinner
JUNE 4, 2020
I see lots of surveys and research about the use of technology in finance. Things like 47 percent of consumers are interested in biometric payments or 80 percent of consumers would use mobile payments. Then you look at the adoption rates and the actual usage is more like 4 and … The post No one changes behaviour … unless forced to appeared first on Chris Skinner's blog.
Perficient
JUNE 4, 2020
Blue Prism, our newest robotic process automation partner , is hosting its annual conference, Blue Prism World , June 23-24. In response to COVID-19, the conference will now take place online, replacing Blue Prism’s previously scheduled London and New York events. Registration is free and open to all who wish to attend. Blue Prism World will feature content for a digital workforce for every enterprise, highlighting how you can increase productivity, accelerate innovation, and optimize service qu
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Chris Skinner
JUNE 4, 2020
Things we’re reading today include … Can you help? (research request) Goldman Sachs executive’s email making plea for racial equality goes viral at firm Revealed: UK banks and investors’ $2bn backing of meat firms linked to Amazon deforestation Wealth management faces fallout from coronavirus ESG investors get their heads around … The post Things worth reading: 5th June 2020 appeared first on Chris Skinner's blog.
Perficient
JUNE 4, 2020
In January 2019, Perficient delivered our first OneStream Application Build for Administrators course. Since then, countless students have trained at our facility in Houston, TX featuring state of the art student personal computers with dual monitors, USB charging outlets and HD projection screens. If you’ve ever considered taking this OneStream course, but couldn’t find the time to get away for training at our facility, now is the perfect time to consider virtual training.
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.
Abrigo
JUNE 4, 2020
Key Takeaways Changes to PPP forgiveness that lenders need to know about include more time for borrowers to incur forgivable expenses and a cut to 60% (vs. 75%) of loan proceeds required to be spent on payroll. Borrower payments will also be deferred until the forgiven portion is received by the lender from the SBA. Nothing in the bill provides blanket forgiveness for loans under a certain size.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bobsguide
JUNE 4, 2020
Investment in UK fintechs expanded by 500 percent over the past five years, eclipsing levels in the US – which recorded 170 percent growth over the same period - and Europe, which recorded a 133 percent increase. A recent report has also found that UK fintechs received the greatest.
PYMNTS
JUNE 4, 2020
As more and more retail commerce is done online, the battle to get goods to doorsteps with haste is becoming ever more heated. At the center of it all is Amazon , the poster child for eCommerce. In one of the latest salvos, FedEx and Microsoft announced recently that they’ve entered a pact they said will “transform commerce.” The linkup involves the launch of a service to be known as FedEx Surround.
Jack Henry
JUNE 4, 2020
Partner is a word that gets thrown around a lot in business, especially by Sales and Marketing to instill a feeling of camaraderie between parties. It makes everyone feel good to be surrounded by partners. But what is a partner, the kind that all this friendly talk is alluding to?
PYMNTS
JUNE 4, 2020
Financial institutions (FIs) are working during the pandemic to provide speedy digital services while fighting off the rise in fraud attempts. Small- to medium-sized business (SMB) customers need rapid access to loans as they attempt to stay afloat, and FIs must be able to quickly vet borrowers to ensure funds do not accidentally go to fraudsters. Some players in the space are now suggesting that open banking could be a tool to help FIs accelerate the know your customer (KYC) processes.
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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
Bobsguide
JUNE 4, 2020
The UK’s Financial Conduct Authority (FCA) is unclear on guidance to safeguard customers’ funds, says Bob Lyddon, chairman of the Association of UK Payment Institutions (AUKPI). His comments follow an announcement by the FCA on May 22 to propose guidance on safeguarding.
PYMNTS
JUNE 4, 2020
Three U.S. universities have been the victims of ransomware attacks in the past week, according to Cointelegraph. The information comes from a ransomware gang, boasting that they successfully attacked the University of California San Francisco on June 3, the most recent attack. Before that, the group claimed to have attacked Michigan State University and Columbia College of Chicago, in a dark web blog accessed by Cointelegraph.
Payments Source
JUNE 4, 2020
As merchants are challenged to adapt their business just to survive, and consumers push for greater control over where and how they spend, the payments industry is in a position to align the various needs, says Splitit's Brad Paterson.
PYMNTS
JUNE 4, 2020
B2B payments are rife with frictions, including high processing costs, slow transaction times and industry players’ reluctance to embrace electronic payments in lieu of paper checks. Application programming interfaces (APIs) have made these transactions simpler and quicker and more organizations are making their payments electronically each year. The share of B2B transactions conducted via check has fallen 50 percent since 2004 and hit an all-time low of 42 percent last September, for example.
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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
Payments Source
JUNE 4, 2020
The coronavirus pandemic has changed the way many industries conduct business — and that's especially true of the legal cannabis industry, which was already struggling in the U.S. to find the best way to handle noncash payments.
PYMNTS
JUNE 4, 2020
Global payment and shipping service Klarna has reached a new milestone with 7.85 million U.S. customers, according to a press release. The company credits the achievement to its multitude of partnerships with a variety of companies, including H&M, Sephora , Timberland, The North Face, Shein, Fender, Anine Bing, FORWARD and ModCloth, which have used Klarna to provide buy now, pay later (BNPL) services to give consumers an easier way of paying for goods.
Jack Henry
JUNE 4, 2020
Partner is a word that gets thrown around a lot in business, especially by Sales and Marketing to instill a feeling of camaraderie between parties. It makes everyone feel good to be surrounded by partners. But what is a partner, the kind that all this friendly talk is alluding to?
PYMNTS
JUNE 4, 2020
Uber rides are increasing again after massively falling off due to the coronavirus during March and April, Reuters reports. The ride-sharing firm reported that trip numbers, while still way below 2019 levels, were now down only 70 percent from last year, as opposed to the 80 percent drop seen in April. Chief Executive Officer Dara Khosrowshahi , in a call with Bank of America analysts, said the rides are increasing week-over-week, and added that the huge upswing in food delivery requests through
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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.
ABA Community Banking
JUNE 4, 2020
From the ABA Banking Journal Podcast team comes the behind-the-scenes story of the Paycheck Protection Program, the largest economic rescue program in American history. The post We Were Economic First Responders: The Podcast appeared first on ABA Banking Journal.
PYMNTS
JUNE 4, 2020
Amazon-owned PayFort aims to support startups and small and medium-sized businesses (SMBs) in the Middle East with its #StartUpStayUp initiative. The FinTech company has invited more than 100 of its startup and SMB “merchant partners” to benefit from the initiative, whose goal is to increase traffic to their online sites and boost their revenues. “We’re delighted to partner with PayFort” on the initiative, said Khalid Almuammar of the Saudi banking firm SABB, formerly the Saudi British Bank.
BankInovation
JUNE 4, 2020
Community banks led the charge through the origination process of the Paycheck Protection Program, answering the call of many small businesses shut out from larger financial institutions. According to Small Business Administration data, lenders with less than $50 billion in assets processed 64% of the $510 billion PPP loans approved through May 30. As the […].
PYMNTS
JUNE 4, 2020
eBay has raised its second quarter (Q2) earnings outlook on better-than-expected results during the COVID-19 pandemic. The California-based eCommerce company said it expects Q2 revenues in a range of $2.75 billion to $2.8 billion and adjusted earnings per share of $1.02 to $1.06, compared to its April guidance of 73 cents to 80 cents and revenue in the range of $2.38 billion to $2.48 billion, eBay said.
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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.
BankDeals
JUNE 4, 2020
Paramount Bank's nationally available 6-month CD currently earns 1.25% APY. Minimum opening deposit is $1k. Also available as an IRA CD.
PYMNTS
JUNE 4, 2020
With commercial card adoption on the rise as more organizations make the shift to digital payments, card issuers continue to drive innovation with their corporate card products. But this week’s look at the latest in commercial card news finds growing questions about the reliability of corporates to drive revenues for card issuers with business travel on hold — possibly for the long term.
CFPB Monitor
JUNE 4, 2020
As the federal regulator with supervisory authority over (non-Federal Reserve member) state banks and savings associations, the FDIC continues to play an important role in the consumer protection arena. On June 30, 2020, at 3:00 p.m. ET, PLI will offer a one-hour briefing, “Consumer Protection: What’s Happening at the FDIC.” Leonard Chanin, Deputy to the FDIC Chairman, will discuss a wide range of topics with Alan Kaplinsky and Chris Willis, leaders of Ballard Spahr’s Consumer Financial Servic
PYMNTS
JUNE 4, 2020
With business trips all but wiped from corporate expense reports, corporate business travel industry stakeholders have been thrust into an unprecedented scenario. Uncertainty is at an all-time high, but what is clear is that business travel management FinTechs aren’t sitting idly. Rather, many have shifted gears into supporting corporate customers as they struggle through the market volatility, too.
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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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