PYMNTS

OCTOBER 18, 2020

Plaid is denying that it has used TD Bank 's logo to dupe customers into sending information it could monetize, a report from The Globe and Mail says. Plaid said it’s also disappointed that TD Bank has filed a lawsuit against it in the case, saying Plaid's role in transactions is “made clear” to customers. Plaid's software includes helping popular apps like Venmo , Coinbase , Square and Stripe access bank and credit card info, and the company says they “have been working with TD for quite some t

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BankBazaar

OCTOBER 18, 2020

Natural calamities come without a prior notice. Let’s take a look at how Insurance with adequate natural calamity cover makes it easier to tackle the losses suffered. Here’s your quick guide to claiming insurance for your flood-damaged car. The continuing heavy flood in Godavari river has already affected over 74,000 people in parts of East and West Godavari districts in Andhra Pradesh.

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PYMNTS

OCTOBER 18, 2020

The COVID-19 pandemic has produced one ray of sunshine amid otherwise devastatingly dark clouds: Consumer credit scores have improved in recent months to the point of hitting a new record high, the Wall Street Journal reported Sunday (Oct. 18). The widely-used FICO credit score can range from 300 to 850. The average U.S. score in July, according to the Journal, was 711 — up from 708 in April 2020 and 706 in July 2019.

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Payments Source

OCTOBER 18, 2020

Online fraud typically spikes when holiday shopping begins in November, but so-called friendly fraud poses another big threat this year with the pandemic pushing more consumers — and inexperienced merchants — to online sales channels.

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Fraud Online Retail Payments 130

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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

PYMNTS

OCTOBER 18, 2020

Nextdoor Inc. , a social media network that is something of a combined Facebook, Craigslist and Yelp and whose members connect only with neighbors, is exploring going public, Bloomberg News reported. The San Francisco-based company is eyeing valuations from $4 billion to $5 billion, according to Bloomberg, and has seen its business grow amid COVID-19.

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social media San Francisco Community Capital 199

PYMNTS

OCTOBER 18, 2020

Telecom executives whose companies are spending billions of dollars implementing 5G technologies hope Apple’s new 5G-capable iPhone will amplify what so far has been muted consumer interest in the faster networks, the Financial Times reports. “The iPhone is more important than any device, even though we have great devices already from Samsung and others,” Johan Wibergh , chief technology officer of Vodafone, which operates 5G networks in seven European countries, told the paper.

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Company Apple Samsung Technology 197

Payments Source

OCTOBER 18, 2020

In too many places, identity verification and other vetting is still done manually, says Signicat's John Erik Setsaas.

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Cards Payments 119

PYMNTS

OCTOBER 18, 2020

Stellar CEO Denelle Dixon will be part of a new four-person panel on the private sector’s role in addressing cross-border payment issues at the International Money Fund (IMF)’s annual meeting on Monday (Oct. 19). Jonathan Dharmapalan , CEO of eCurrency; Rory MacFarquhar , senior VP at Mastercard; and Rene Reinsberg , CEO of Celo will also participate in the panel, according to CoinDesk.

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blockchain Payments cryptocurrency Bitcoin 192

American Banker

OCTOBER 18, 2020

Over the past year, the Alabama bank has been developing new tools that analyze survey responses, phone interactions and social media posts to identify opportunities to improve digital offerings.

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Alabama Regional social media Survey 71

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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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PYMNTS

OCTOBER 18, 2020

Paytm users will face new 2 percent fees for using the credit card attached to their eWallets, a report from Business Today says. Before now, users had to pay the 2 percent fee only if they loaded over Rs 10,000 on their eWallets from a credit card every month. When customers try to add money to their cards, a message is displayed saying: “Nominal charge of 2 per cent is applicable on adding money using credit card.

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Cards Payments Online Company 168

The Financial Brand

OCTOBER 18, 2020

Jim Marous distills the innovation wisdom of 9 experts interviewed on the Banking Transformed podcast. The post Insights from 9 Global Banking and Fintech Innovation Leaders appeared first on The Financial Brand.

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Innovation Fintech Branding Innovation Strategies 43

PYMNTS

OCTOBER 18, 2020

Portuguese payments provider SIBS has taken its instant payments service international two years after launching it as a intra-country platform. “The Instant Payments Solution platform from SIBS, launched in 2018 to ensure instant payments processing at a national level, is now also providing these operations between European financial institutions.

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Payments Boston System Survey 167

Perficient

OCTOBER 18, 2020

Microsoft recently announced several changes coming to Microsoft Teams, this month and next. In this blog article, I’ll cover many of the planned changes for Teams so you and your organization can start planning accordingly. With that being said, let’s take a look at the planned changes coming to Teams for the months of October and November!

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Meeting Policies Video Data 348

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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

PYMNTS

OCTOBER 18, 2020

Costes , a Hungarian restaurant trying to survive the pandemic, has implemented new dining events on the Budapest Eye Ferris wheel, Reuters reports. The Michelin-starred restaurant is hoping to use the event to boost sales after tourism plummeted in the area due to the virus. Owner Karoly Gerendai said turnout is sitting at about a tenth of the restaurant’s pre-COVID levels.

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Course Report Innovation 167

The Financial Brand

OCTOBER 18, 2020

From AI to 'no-code' app innovation to ways to deal with data proliferation, marketing technology is a 'when' and 'how,' not an 'if.'. The post 5 Martech Tools & Trends for Financial Institutions in 2021 appeared first on The Financial Brand.

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Tools Trends Innovation Branding 31

PYMNTS

OCTOBER 18, 2020

FinTech Software-as-a-Service company HighRadius , which works to automate the order-to-cash process, has added a new chief financial officer in Scott Buxton , a press release says. Buxton previously worked for cloud application monitoring platform Datadog as VP of finance, where he led the company to a $9 billion valuation and a current market capitalization of upwards of $25 billion, with the number of employees growing from 100 to 2,000 during his tenure, the release says.

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Marketing Strategies Software Strategy Capital 161

Vitalik Buterin

OCTOBER 18, 2020

Gitcoin Grants Round 7 Retrospective. Round 7 of Gitcoin Grants has successfully completed! This round has seen an unprecedented growth in interest and contributions, with $274,830 in contributions and $450,000 in matched funds distributed across 857 projects. The category structure was once again changed; this time was had a split between "dapp tech", "infrastructure tech" and "community" Here are the results: Defi joins the matching!

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Community America Capital User Experience 82

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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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PYMNTS

OCTOBER 18, 2020

China says it has the COVID-19 pandemic under control and will see its economy boosted by around 2 percent, according to Reuters. Central Bank Governor Yi Gang made the announcement on Sunday (Oct. 18), which Reuters writes signals a recovery of domestic demand. On Monday, the closely-monitored gross-domestic product (GDP) data is expected to be released, and Yi said the data will likely show China's growth.

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Policies Data Marketing Report 159

PYMNTS

OCTOBER 18, 2020

Recent restrictions on day-to-day life from the COVID-19 pandemic will also have to come with financial aid, according to European Central Bank President Christine Lagarde , Reuters reports. She told a meeting of the G30 , which refers to a group of financiers, central bankers and academics, that the restrictions “will add to uncertainty” for firms and households.

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Resources Policies Meeting Groups 150

PYMNTS

OCTOBER 18, 2020

U.S. Senate Majority Leader Mitch McConnell (R-Ky.) has scheduled a vote for Wednesday on a $500 billion federal COVID-19 relief package that falls well short of the $2.2 trillion sought by Congressional Democrats and $1.8 trillion President Donald Trump is calling for, McConnell’s office announced Saturday (Oct. 18). McConnell blamed House Speaker Nancy Pelosi (D-Calif.) and Congressional Democrats for the lack of an agreement to extend benefits, many of which expired Aug. 31.

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