Sun.Dec 13, 2020

article thumbnail

POS Lender Affirm Delays IPO Until At Least January

PYMNTS

Point-of-sale (POS) lender Affirm is putting on hold its initial public offering (IPO), which had been scheduled for this month, The Wall Street Journal reported, citing unnamed sources. WSJ did not give a definitive reason for the delay in Affirm Holding Inc.'s plans but suggested it may be for the same reason video game-maker Roblox also put off an imminent IPO: fear of missing out at the corporate level.

Video 336
article thumbnail

Forter, Nuvei try to to tame e-commerce crime without losing legit payments

Payments Source

The e-commerce expansion borne out of the pandemic heightens the balancing act between security and user experience, a challenge Forter and Nuvei hope to address through a mix of data analysis and an expansive network of merchants.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Paymerang Debuts Invoice Solution For Better AP Accuracy

PYMNTS

Paymerang , which works in accounts payable (AP) automation, has debuted its new Invoice Automation Solution, which a press release stated will help organizations with efficiency, accuracy, visibility and getting rid of manual paper processes. CEO Nasser Chanda said in the release that the solution helps accounting professionals get immediate visibility for every invoice and its approval status.

Virginia 281
article thumbnail

Smart contracts can help central bank currencies embrace innovation

Payments Source

From brokering insurance contracts to financial settlements, smart contracts could bring immense innovation to CBDCs that otherwise would act as little more than an augmented medium of exchange, says Cypherium's Sky Guo.

article thumbnail

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

article thumbnail

Trade Finance Player Tradeteq Inks Deal With Microsoft

PYMNTS

Tradeteq , which operates a platform designed to make it easier for banks to raise money for financing trade without turning to traditional sources or always conducting transactions in U.S. dollars, announced a collaboration that will put the company's services on the Microsoft Azure cloud platform, FStech reported. Tradeteq said in prepared statements picked up by several FinTech media outlets that the arrangement will make it easier for customers in diverse markets to use the company's platfor

More Trending

article thumbnail

Silicon Valley Loses Grip On Tech Firms

PYMNTS

Remote work practices and policies made necessary by COVID-19 and embraced by employees and companies alike are taking a toll on Silicon Valley, The Wall Street Journal reported Sunday (Dec. 13), noting that iconic Bay Area companies are moving to, and growing in, locales with lower costs and less congestion. Database giant Oracle Inc. announced Friday (Dec. 11) it was moving to Austin, Texas from Redwood City, California.

San Jose 266
article thumbnail

Huntington agrees to buy TCF Financial

American Banker

The deal, announced late Sunday, would create a $168 billion banking company in the Midwest and be the latest in a string of regional bank combinations.

article thumbnail

Finexio Makes B2B PaaS Available Through Microsoft AppSource

PYMNTS

Orlando, Florida-based B2B Payments-as-a-Service (PaaS) platform Finexio is expanding its reach in the enterprise resource planning (ERP) software space and will now be available on Microsoft AppSource via a direct integration for Microsoft Dynamics users, according to a press release. AppSource is Microsoft's online marketplace and the a resource for Microsoft users who are looking for native Software-as-a-Service (SaaS) apps from Microsoft or other partners, the release stated.

Florida 243
article thumbnail

Banking Must Commit to Increased Tech Spending in 2021

The Financial Brand

To provide improved customer experiences and lower costs of delivery, financial institutions must increase investment in advanced technology. The post Banking Must Commit to Increased Tech Spending in 2021 appeared first on The Financial Brand.

article thumbnail

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

article thumbnail

B2BE, OnPay Team Up For B2B Payments Automation

PYMNTS

Procure-to-pay provider B2BE and OnPay , which works in payroll services, are partnering to help clients access B2B payments automation, according to a press release. B2BE's holistic services work for both direct and indirect spend, an omnichannel approach working to meet the suppliers at their level, at either a supplier portal, Web EDI or via email.

Payments 188
article thumbnail

What Financial Institutions Must Do to Survive 2021’s COVID Crunch

The Financial Brand

McKinsey lays out key strategies to help not only with upcoming credit problems but fundamental transformations now urgently required. The post What Financial Institutions Must Do to Survive 2021’s COVID Crunch appeared first on The Financial Brand.

article thumbnail

Bitcoin Daily: Didi Joins China's Digital Yuan Testing; Putin Orders Russian Gov't Workers, Officials To Disclose Crypto Assets

PYMNTS

Russian president Vladimir Putin has signed an order directing public officials to report cryptocurrency holdings, CoinDesk reports. The order signed Thursday (Dec. 10) requires both civil servants and people who will soon take on a government position to disclose what crypto assets they hold, along with the quantity and where they purchased them. The first reports must be provided from Jan. 1 to June 30, 2021, and must include all digital assets, including cryptocurrencies, digital securities a

article thumbnail

Satisfaction Cheat Sheet: How the Best Banks Earn High Scores

The Financial Brand

Capital One's bold digital play rockets it up the CX satisfaction chart, but Chase and PNC come close using a mix of digital and branches. The post Satisfaction Cheat Sheet: How the Best Banks Earn High Scores appeared first on The Financial Brand.

Capital 35
article thumbnail

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.

article thumbnail

US Probes Hack Of Treasury, Commerce Department

PYMNTS

Attacks by hackers linked to the Russian government against the U.S. Department of the Treasury , the U.S. Department of Commerce and its National Telecommunications and Information Administration unit discovered Friday (Dec. 11) and over the weekend were severe enough to trigger a Saturday (Dec. 12) emergency meeting of the National Security Council at the White House, Reuters reported.

US 270
article thumbnail

US Lawmakers Split Stimulus Proposal Into 2 Plans To Work Out Deal

PYMNTS

American lawmakers, after months at an impasse over what would be included in a stimulus bill, have decided to split the bill into two separate proposals, CNN reports. The first would be a $748 billion proposal including money for small business loans, jobless benefits and vaccine distribution, and the second would be a $160 billion provision for state and local aid, and also liability protections for businesses and other entities, which are the two biggest sticking points for the Democrats and

Louisiana 267
article thumbnail

CEOs To Biden: Easy Does It On Regulation, Don’t Raise Corporate Taxes

PYMNTS

The incoming administration of President-elect Joe Biden should avoid the broad-based use of tariffs, re-engage allies and spend more on education — but preserve the President Donald Trump administration's tax and regulation cuts, nearly 300 CEOs assembled for a virtual Wall Street Journal conference said. When it comes to China, the consensus of many of the CEOs, who spoke on condition of anonymity, was that forging global alliances was the best way to ultimately pressure China on economic and

Taxes 186
article thumbnail

Consumers More Optimistic, Looking To Post-COVID

PYMNTS

U.S. consumers, the driving force behind two-thirds of gross domestic product (GDP), say they are beginning to feel better about the current and foreseeable economic picture, the University of Michigan reported in its closely watched Index of Consumer Sentiment. The improvement in sentiment coincided with the end of the U.S. presidential election and the first signs of tangible hope — the release of positive vaccine-trial results — in the battle against the COVID-19 pandemic.

Michigan 235
article thumbnail

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.