PYMNTS
DECEMBER 22, 2019
Uber was ordered last Friday by a Colombian judge to stop securing business in their country via its popular ride-hailing app, according to a report from Reuters. The country’s Superintendency of Industry and Commerce (SIC) said Uber, with 2.3 active users and roughly 88,000 driver partners in Columbia, violated market rules. The decision follows a lawsuit filed against the company by COTECH SA.
BankBazaar
DECEMBER 22, 2019
As a parent, how do you teach your kids an important life skill – financial literacy? We’ve got some tips for you. Our nation is home to almost 17.5% of the world’s population, yet almost 76% of Indians do not have any knowledge of even the basic financial concepts, not even simple stuff like Credit Cards and interest rates. As a nation, we are yet to prioritise financial literacy.
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PYMNTS
DECEMBER 22, 2019
As it ponders an IPO in the next two years, Sweden’s caller ID firm Truecaller has been piloting FinTech products to offer credit to small businesses, Bloomberg reported. The startup has been successfully extending credit to small business owners in India, and plans to expand the services to more users in 2020, CEO Alan Mamedi told Bloomberg. Truecaller started its business by providing incoming phone call information, later expanding its offerings to include messaging and phone call functionali
Payments Source
DECEMBER 22, 2019
PNC Bank has made it more difficult for its customers to use Venmo, and although competition plays a role, the bigger issue is the expanding risks financial institutions face when sharing data with third parties.
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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
PYMNTS
DECEMBER 22, 2019
The French Financial Markets Authority (AMF) announced that it approved its first initial coin offering (ICO) — “ICO visa” — to the cryptocurrency fundraising platform French ICO. . “The PACTE law has indeed introduced in France an optional visa regime for fundraising in crypto-assets. Only public offerings of so-called utility tokens, which are not considered as financial instruments, are eligible for this optional visa,” the AMF said in the statement.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
DECEMBER 22, 2019
Blockchain-enabled commercial payments platform Paystand entered into an initial partnership with JCB t o offer the first end-to-end digital payments platform for JCB customers and Japanese enterprises. The proposed solution takes on a significant gap in Japan’s current B2B payments market, and provides the corporate subset of JCB’s 130 million customers with an alternative to legacy payment methods, such as credit cards and cash, per an announcement. .
American Banker
DECEMBER 22, 2019
The community bank lobby has said the recent deals are another reason to rein in the credit union sector. Some House members are beginning to take notice.
PYMNTS
DECEMBER 22, 2019
To regain trust following an independent review that deemed its compensation plan to not be “fair and reasonable,” and which had to be redetermined, Lloyds Banking Group is to make a special £35,000 ($45,547.60 USD) payout to 191 fraud victims. Lloyds’ Managing Director Jo Harris told the HBOS Reading fraud victims in an email that it had pursued the measure to address concerns brought to Lloyds’ CEO António Horta-Osório over “the additional delay” from a new review, Financial Times repo
American Banker
DECEMBER 22, 2019
PE firms have made investments in only seven banks in 2019, compared to 21 last year. Here's what's driving the slowdown.
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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
PYMNTS
DECEMBER 22, 2019
Uber co-founder and former CEO Travis Kalanick is exiting his stake in the popular ridesharing company. After months of selling off shares systematically, he is in position to completely exit the company within a matter of days at the pace which he’s been selling. Since a lockup period expired last month, he has less than 10 percent of his share left, after selling $2.5 billion in shares.
The Financial Brand
DECEMBER 22, 2019
Don't just react to angry social media complaints. Work to produce better online star ratings and higher-ranking search results on Google. The post 6 Ways Financial Marketers Can Polish Online Reputation appeared first on The Financial Brand.
PYMNTS
DECEMBER 22, 2019
A group of state attorneys are banding together to fight a merger of T-Mobile and Sprint that is backed by the United States Justice Department, according to a report from Reuters. T-Mobile and Sprint are the third and fourth largest wireless carriers in the country. The deal is a $26 billion one and is being heard in federal court in New York, and could wrap up on Friday.
The Financial Brand
DECEMBER 22, 2019
Retail head says security, not competition with Zelle, is what the issue is about. API agreements will reduce risk and avoid more 'battles.'. The post PNC Bank Counters ‘P2P War’ Speculation Over Its Venmo App Moves appeared first on The Financial Brand.
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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.
PYMNTS
DECEMBER 22, 2019
With the current U.S. economy indicating brief warning signals of a slowdown in the last quarter to a.5 percent annual rate or lower, the year will still finish with strong figures, thanks to the resilience of consumers , a healthy labor market, the Federal Reserve’s interest rate cuts, and a housing market that, for the most part, has recovered. On Friday (Dec. 20), U.S. officials announced the gross domestic product (GDP) grew moderately at an annual rate of 2.1 percent in the third quarter.
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