Mon.Sep 14, 2020

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Prepare Your App for iOS 14

Perficient

Now that iOS 14 is available, there has never been a better time to get your app up and running with the latest operating system. With iOS ad option rates so high, at nearly 80% , most users will update their devices once given the opportunity. The sooner you update and begin testing your app the more time you’ll have to perfect your customer’s apps.

Apple 473
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Deloitte Becomes First Of Big Four To Break Up Business

PYMNTS

Deloitte will be the first of the “Big Four” auditors to break up its business after selecting a new auditing board to undertake the task, according to a report from The Telegraph. The company, along with fellow Big Four members EY , KPMG and PwC , had been warned by watchdogs that their businesses needed to break off their profitable consultancy arms from audit divisions.

Groups 362
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7 Reports Your ALM Model Can Provide to Manage Changes Ahead

Abrigo

Key Takeaways ALM professionals often inquire about reports they can run using their ALM models to help manage their financial institutions. It's a good question, because the impact of changes are often hard to discern in the short term -- the focus of our typical reports. Set up these ALM model reports once and run them monthly as needed. What kind of reports can your ALM model provide?

Report 195
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Standard Chartered Reports Blockchain Letter Of Credit Transfer Between Thailand, Vietnam

PYMNTS

Standard Chartered has announced the completion of the first cross-bank Letter of Credit (LC) transaction over blockchain, between Vietnam and Thailand, according to a report from FinanceFeeds. The transaction was accomplished with the help of a partnership with Asian Development Bank (ADB), Bank for Investment and Development of Vietnam and Thailand's Standard Chartered Bank, according to the report.

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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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7 Reports Your ALM Model Can Provide to Manage Changes Ahead

Abrigo

Key Takeaways ALM professionals often inquire about reports they can run using their ALM models to help manage their financial institutions. It's a good question, because the impact of changes are often hard to discern in the short term -- the focus of our typical reports. Set up these ALM model reports once and run them monthly as needed. What kind of reports can your ALM model provide?

Report 195

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Choosing a Bank Hedge Provider

South State Correspondent

The economic consequences of Covid-19 have altered average credit quality and created a flat and shallow yield curve. Community banks are working diligently to support their local communities and survive in these challenging times. One tool that many community banks have utilized in this business environment is a loan-level hedging product.

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What Innovators Can Learn From Netflix

PYMNTS

Netflix Co-founder and CEO Reed Hastings has written a new book about building the video-streaming powerhouse that now has nearly 200 million subscribers globally, as of the end of July. In the book, he freely admits that his formula might not work for every company. But the one thing that might work is taking a page from the innovation playbook that Netflix seems to have written and followed over the last 22 years.

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Lean Six Sigma and PPP Forgiveness SBA Submission Improvements

South State Correspondent

As any lean six sigma practitioner will tell you, banks need to continuously define problems, measure against benchmarks, analyze, improve, and control their PPP Forgiveness application process. With a couple of thousand applications processed over the past five weeks, we are improving our process daily. In this article, we focus on the back end of our forgiveness manufacturing process and discuss SBA rejection rates.

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Walmart Revs Up Second Test Program For Drone Delivery

PYMNTS

Walmart is out to find out whether drones can fly through the air with the greatest of ease. For the second time in the past week, the retailer has announced a pilot program to test how well drones will pick up and deliver packages. The latest news has Walmart launching a drone delivery operation near the company’s headquarters in Northwest Arkansas.

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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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Alibaba is in talks to invest $3 billion in Grab

Payments Source

Alibaba Group Holding Ltd. is in talks to invest $3 billion in Southeast Asian ride-hailing giant Grab Holdings Inc., according to people familiar with the matter.

Groups 174
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Contactless Payments Are Going Mainstream

PYMNTS

In a year that will see more than 25,000 retail stores blink out of existence, with an estimated 16,000 restaurants having closed permanently by August, people could use some upbeat news. It’s out there. Signs of economic recovery are visible, as are inspiring stories of SMBs successfully adapting and reinventing post-pandemic. You just have to know where to look.

Payments 225
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Market Commentary: Week of September 14, 2020

SWBC's LenderHub

What Happened. Equities had their second tough week in a row as some of the biggest winners of the “COVID Rally” have given up a portion of their gargantuan gains. The pull back in the big tech stocks continued this week. As an example, Apple is now only up 78% from mid-March. The horror!

Marketing 145
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VC Firm Brings Partnership Model To Amazon Sellers

PYMNTS

There are more than a few mind-blowing stats about Amazon , most of them having to do with its 44 percent of the eCommerce market, or maybe the $88.9 billion in revenue it booked during the second quarter of 2020. But not so much is known about the world of Amazon sellers. Here, too, the numbers are staggering: Amazon has more than 2.3 million sellers currently active on its marketplace.

Capital 214
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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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How FIS sped 6 million EBT cards to feed needy kids during the pandemic

Payments Source

When the pandemic shut classrooms across the U.S. this year, the federal government looked for a quick solution to prevent millions of needy students who typically receive meals at school from going hungry.

Cards 143
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SoftBank Considers Going Private After Asset Sales, Report Says

PYMNTS

Talks have been revived for SoftBank to take itself private amid a series of disappointments to the company’s equity valuation compared to the value of its individual holdings, Financial Times (FT) writes. The company has seen numerous big asset disposals lately, and yet its $115 billion equity valuation continues even after a recent asset sale program to close the gap between the company and its holdings’ valuations.

Report 199
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Q&A: Options VP on the remote IT department

Bobsguide

Bobsguide spoke to Michael Russo, vice president of managed applications at Options to discuss how the explosion in remote working has affected the IT department, what this means for cloud services and how it impacts firms who still rely on on-premise IT solutions. Flexibility and.

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US Consumer Sentiment Looks Uncertain As Holiday-Shopping Season Approaches

PYMNTS

Many people prepared during the pandemic’s early days for what they forecast as a relatively short disruption to their daily lives — a few weeks or months of slowdown, followed by fast return to normal. But that’s not how things have played out half a year on, and the majority of U.S. consumers now expect disruptions to drag on well into 2021. As the pandemic grinds on and becomes a permanent-feeling feature of day-to-day life, U.S. consumers are changing their spending habits around it.

US 195
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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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Bank transfers can fill the card gap for e-commerce

Payments Source

Alternative payment methods such as bank transfers, e-wallets, cash-based payments and other payment types are currently the vast majority of e-commerce transactions globally, says PPRO's James Booth.

Cards 108
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Uber Eats Updates Its App To Pay Tab While Dining In

PYMNTS

Uber Eats has introduced a contactless ordering feature that will work when diners are eating in a restaurant as the fight against COVID-19 continues. USA Today reported the “Uber Eats Contactless Order Feature” allows users to pay the tab with the app while at a restaurant to eliminate the use of bill holders, credit cards and pens. Uber Eats said it’s easy to use.

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Carrier breach shows the potential peril of third party plugins

Payments Source

This information can be used to access bank accounts and combined with other information on the dark web to access social media profiles, email accounts and more, says Jumio's Robert Prigge.

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What’s Next For The 'Set It And Forget It' Subscription Auto Refill Economy

PYMNTS

Netflix. Online magazines. Disney. Mascara delivered to the door for those endless Zoom calls. In the online subscription world, convenience boils down to “set it and forget it.”. In an interview with Karen Webster, Justin Benson , CEO of Spreedly , said subscriptions can thrive in a post-pandemic world, with a bit of personalization thrown into the mix.

Apple 184
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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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Blockchain in Mortgages – Adopting the New Kid on the Block

Banking Exchange

The world is fast progressing within the technology domain and digital services have penetrated to the unexplored corners of life The Economy Technology Financial Trends Tech Management Feature3 Feature Mobile Online Mortgage Mortgage Compliance Mortgage/CRE.

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Deep Dive: How AI Helps FIs Fight False Chargebacks

PYMNTS

Criminals are not the only security threats financial institutions (FIs) and their merchant clients face — these entities often need to defend themselves against consumers as well. Friendly fraud has been on the rise for years, with customers contacting their banks to falsely assert that their credit cards have been used online for unauthorized purchases.

Fraud 176
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Automation tipping point for financial transaction taxes arrives

Bobsguide

Financial transaction taxes (FTT), a levy on financial transactions such as the purchase or sale of financial instruments, have been on the radar of capital markets firms for over a decade. The 2008 global financial crisis created political pressure to ensure that the financial sector contributed.

Taxes 88
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Emirates NBD Debuts International Payments Hub For Six Countries

PYMNTS

Middle Eastern finance group Emirates National Bank Dubai (NBD) has deployed a centralized international payments hub on Tata Consultancy Services ' TCS BaNCS For Payments, according to a press release , which will help to boost payments in numerous countries across the world. Emirates NBD chose to work with TCS BaNCS for Payments as part of a larger initiative to transform payments across the six countries where it operates, the release says.

Payments 175
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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.