Payments Dive

MAY 12, 2020

The COVID-19 pandemic has created a shaky climate for startups in the fintech space, as investors look for more clarity in the near-term economic outlook.

Fintech 356

Fintech 356

PYMNTS

MAY 12, 2020

For all the human and business impacts caused by the global coronavirus pandemic, the crisis has also been instructive, particularly in illustrating the shortcomings in systems that worked just fine — until they didn’t. The massive and simultaneous global shift to digital has put a spotlight on traditional supply chains, antiquated paper-based processes and an aging payments infrastructure.

Innovation 271

Innovation System ATM Taxes 271

Bobsguide

MAY 12, 2020

Areas of the market in which open banking protocols are implemented without standards could risk seeing new bank monopolies emerge, according to Paul Freemantle, chief technology officer at open source tech provider WSO2 during a panel today at the Open Banking World Congress. “Maybe.

Technology 189

Technology Marketing 189

PYMNTS

MAY 12, 2020

The rise of the machines seems a bit closer at hand now that we are battling the pandemic. Not the humanoids that are the stuff of science fiction that ostensibly, one day, will do our bidding (and, depending on who you read, perhaps conspire against us). Picture, instead, fleets of utilitarian machines, squat, careful and not at all threatening, rolling through retailers’ aisles, hospital wings and other avenues of everyday human life.

Retail 247

Retail Branding Software Technology 247

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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

Gonzobanker

MAY 12, 2020

Banks and credit unions report the pandemic’s impact on customer behavior. There have been all sorts of discussions about the impact of COVID-19 on branches, customers and banking activity. At Cornerstone, we had a novel idea: instead of people like us droning on about what’s happening at financial institutions, why not hear what bankers who are living this every day at the front line have to say?

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Trends ATM Survey Tampa 148

Bobsguide

MAY 12, 2020

UK challenger banks and non-bank lenders could see more SME client acquisitions from offering the government’s Bounce Back Loans (BBL) and Coronavirus Business Interruption Loan Scheme (CBILS), says Kirsty McGregor, founder and chairman, The Corporate Finance Network (CFN). But those unable to.

Fintech 124

Fintech 124

PYMNTS

MAY 12, 2020

In Toronto, a new service called DMS ShopHERE , powered by the Schulich School of Business, aims to help small companies and artists move their businesses online. The initiative will provide small to medium-sized businesses (SMBs) with aid in establishing online stores within days, setting up eCommerce payment channels for eCommerce and activating the stores on several digital marketing platforms.

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Maine Los Angeles Online Washington 240

Payments Source

MAY 12, 2020

Cross-border payment fintech dLocal is partnering with Canadian e-commerce company Shopify to enable small businesses to offer local payment methods in more than 19 currencies in emerging markets.

Payments 127

Payments Fintech Marketing Company 127

PYMNTS

MAY 12, 2020

Traydstream , a FinTech that looks at trade documents with artificial intelligence (AI), has partnered with Infosys Finacle to implement blockchain technology and further automate trade finance, according to a press release. The partnership will allow Finacle’s blockchain tech, called Finacle TradeConnect, to be integrated with Traydstream’s platform, which uses AI to scan documents and cut down the time it takes to check on rules or regulations in trade, where mistakes can be costly and time-co

blockchain 213

blockchain Compliance Regulation Fintech 213

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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

MAY 12, 2020

The payments industry is in a unique position during the coronavirus crisis: It is a lifeline for many businesses, but it is also facing its own upheaval as habits and needs drastically change.

Payments 94

Payments Industry 94

PYMNTS

MAY 12, 2020

To enable greater efficiency and quicker access to working capital for buyers and suppliers, Mastercard has unveiled the rollout of the Track TM Business Payment Service in the U.S. The offering provides increased control over payments and enhanced data exchanges, enabling automated reconciliation for suppliers as well as the application of all payment options approved by them, according to an announcement.

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United States Payments US Compliance 212

ATM Marketplace

MAY 12, 2020

Daniel Dawson, an associate at RBR, explains why video banking may provide a solution for financial institutions concerned about social distancing when they finally reopen.

Strategy 101

Strategy Video 101

PYMNTS

MAY 12, 2020

Long before the coronavirus pandemic struck, the health of independent pharmacies was suffering. A survey by the National Community Pharmacists Association last fall found the number of independent pharmacies fell by nearly 20 percent to 18,478 stores last year, down from 23,029 in 2012. As a result, 10 million consumers lost access to the pharmacy of their choice.

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Survey California Taxes Online 200

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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

BankInovation

MAY 12, 2020

Vise wants to drastically shorten the time consumers spend building portfolios with their financial advisers. The AI-powered portfolio management company claims advisers can use its tech to create personalized portfolios for clients in 30 seconds, a process that previously took up to two hours, according to Vise co-founder and CEO Samir Vasavada.? “Most [robo-advisers] are […].

Management 98

Management Company Customer Experience Innovation Strategies 98

PYMNTS

MAY 12, 2020

Help is on the way for beleaguered states facing a record number of jobless claims. Google and Amazon Web Services are assisting Rhode Island, Kansas, Illinois and New York in processing the unprecedented number of unemployment claims prompted by the coronavirus crisis, The Wall Street Journal (WSJ) reported. As the has pandemic crippled the nation’s U.S. economy over the last two months, the number of workers who filed for unemployment benefits topped 30 million.

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Rhode Island Google Kansas Illinois 187

Qudos Bank

MAY 12, 2020

The COVID-19 lockdown has forced all Australians to change our habits – how we work, how we socialise, and how we shop. With social distancing and restrictions still in place, and the reluctancy of heading to crowded shopping centres, many of us have been shopping online more frequently instead.

Online 95

Online US 95

PYMNTS

MAY 12, 2020

An internal investigation into alleged fraud at Luckin Coffee Inc. has led to the firing of several top executives at the Beijing, China-based java giant, the company announced on Tuesday (May 12). The probe was launched last month after Luckin’s board of directors was notified of potentially fabricated transactions that inflated estimated revenues by more than $300 million.

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Fraud Chicago Washington Regional 185

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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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Bobsguide

MAY 12, 2020

As companies adjust to remote working and unprecedented drops in revenue, cash management becomes the chief concern for business continuity, says John Byrne, owner and CEO, Salmon Software. Effective cash management is reliant on strong treasury management systems (TMS) with a focus on data.

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Software Management System Data 78

PYMNTS

MAY 12, 2020

A new addition to the Cleo Integration Cloud (CIC) platform will enable users to integrate end-to-end B2B services on the cloud in order to streamline payments, according to a press release. Cleo , which works in ecosystem integration solutions, said in the release that CIC Agent will enable businesses to put everything involved in B2B payments, including order-to-cash, procure-to-pay, and load-tender-to-invoice, on one cloud platform for easier access overall.

Payments 184

Payments System Software Tools 184

SWBC's LenderHub

MAY 12, 2020

What happened: From the “Never thought I was going to see that!” department, the January 2021 Fed Funds Futures contract crossed the Rubicon and closed over 100, which means an expectation of a negative Fed policy rate. What makes this even more “interesting” is that this occurred BEFORE Friday’s Employment report which, while expected to bad, felt even worse when the numbers posted.

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Marketing Policies Report Capital 78

PYMNTS

MAY 12, 2020

To automate accounts payable (AP) procedures, Ephesoft, Inc. rolled out its Semantik Invoice cloud-based data acquisition product. The company said in an announcement that the out-of-the-box artificial intelligence (AI) technology has been shown to decrease costs and sizably reduce the time it takes for invoice processing, according to an announcement.

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Software Resources Technology Data 171

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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.

Compliance

Payments Source

MAY 12, 2020

In the works for months, Mastercard Track Business Payment Service rolls out Tuesday with the goal of improving efficiency around corporate buyer and supplier payments at a time when these processes are uniquely constrained by the coronavirus pandemic.

Payments 83

Payments 83

PYMNTS

MAY 12, 2020

As they gear up to restart their economies amid the pandemic, states from New York to Massachusetts are planning phased reopenings. New York Governor Andrew Cuomo announced that three regions of the state had met the necessary metrics to start the first phase of reopening as of now when NYS on PAUSE orders end on May 15, while Massachusetts Governor Charlie Baker and Lt.

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Massachusetts New York Regional Retail 168

Payments Source

MAY 12, 2020

PayPal would have never asked for a pandemic, but the rush from brick and mortar to digital that accompanied the coronavirus outbreak has played directly into PayPal’s digital core while making in-store physical payments less of a competitive factor.

Payments 79

Payments 79

PYMNTS

MAY 12, 2020

You won’t find the word “minimony” in the dictionary. But couples who spent a year planning a traditional wedding only to see it canceled by the coronavirus know it well, the Associated Press (AP) reported. Instead of waiting for who knows how long and rebooking a venue, selecting the meal and the rest, some couples have opted for a minmony, a simple wedding with virtual guests.

Retail 165

Retail Report National Trends 165

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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