Perficient

AUGUST 20, 2020

There are some real cool cats around Perficient — and for once we’re not talking about our colleagues! Fur the fun of it, our colleagues shared photos of their four-pawed felines and we wanted to take a moment and appreciate the cats who make sure our work is up to scratch. . Finding Paw-sitivity in Remote Work. All bad puns aside, this year has shown more than ever the benefits and distractions that come with remote work.

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Community Training US Innovation 539

PYMNTS

AUGUST 20, 2020

A database of nearly a quarter-million YouTube, Instagram and TikTok public profiles that was held by a now-shuttered company called Deep Social has made its way onto the Dark Web, The Next Web reported on Thursday (Aug. 20). The news site attributed information about the data exposure to researcher Bob Diachenko of security firm Comparitech. A Wednesday (Aug. 19) report on news site Information Security stated, in part: “Diachenko first contacted Deep Social using the email address listed

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social media Data Security Operations 285

Perficient

AUGUST 20, 2020

Over the past five years, SEO has become an increasingly more important channel for acquiring new customers. The advent of COVID-19 has only accelerated that trend, as people spend more and more time online. That impacts all types of healthcare companies, including providers, insurers, device manufacturers, and pharmaceutical companies. In this post, we’ll discuss some of the top challenges in the healthcare space and how to deal with them effectively.

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PYMNTS

AUGUST 20, 2020

The Consumer Finance Protection Bureau (CFPB) has settled with TD Bank in a case involving illegal overdraft practices, according to a court document. The bank will have to pay $122 million total to settle the case, including $97 million to customers affected and $25 million to the CFPB. TD Bank misled customers signing up for the Debit Card Advance (DCA) program for overdraft protection by failing to fully obtain their consent to do so and then charging them fees anyway.

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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

Perficient

AUGUST 20, 2020

Sitecore 10 is here! And with it comes some exciting new features -?from improving the content experience to new analytics tools and evolving to a stronger integration with Content Hub.? . With the release of Sitecore 10, our digital and content strategists at Perficient wanted to dig into the new features. Working with these strategists, Monique Anderson, a Perficient marketing manager, interviewed them to explore some of the new features. . .

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Payments Source

AUGUST 20, 2020

Unicomer Group, Latin America’s equivalent of Best Buy, has teamed up with YellowPepper to develop a digital credit app that acts as a financial services center for underbanked and unbanked consumers.

Branding 170

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PYMNTS

AUGUST 20, 2020

New research says businesses are eager to make the leap into real-time payments (RTP) — and to embrace new payment rails in their effort. This week’s exploration of the latest in payment rail innovation finds industry heavyweights like Visa, SWIFT and NACHA eyeing speed and data to add value to both new and legacy payment infrastructures. Businesses Ready To Jump Into RTP.

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Payments Source

AUGUST 20, 2020

A CBDC has the potential to be a real game changer for the payment industry if one condition is met: central bank digital currency has to be built as an open and shared infrastructure for the private sector to easily build on top of it, says ConsenSys' Matthieu Saint Olive.

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Industry Payments blockchain 149

PYMNTS

AUGUST 20, 2020

Uber Health ‘s delivery services are expanding to include pharmaceutical deliveries in some states, according to a press release from the company. The impetus for the program is the COVID-19 pandemic, which has exposed a need for new ways for the immunocompromised to access medical care without exposing themselves to the virus. Uber Health was launched in 2018 to provide medical transportation services. “With COVID-19 cases still on the rise across the U.S., getting to a pharmacy to

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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

AUGUST 20, 2020

Retailers and banks must cater to local purchasing preferences if they seek to meet the changing needs of their domestic consumers or conduct business across borders, which includes growth opportunities and innovation, says SafetyPay's Gustavo Ruiz Moya.

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Retail Meeting Innovation Payments 127

PYMNTS

AUGUST 20, 2020

Amid the lingering economic aftershocks of the pandemic looms a housing crisis — if millions of people are unable to pay the rent. After trillions of dollars of stimulus payments, with perhaps more to come, it may seem like the wave of evictions many observers have predicted has been staved off. However, in an interview with Karen Webster, David Sullivan , founder of the FinTech Till , noted that there’s a “false sense of security” in place.

Payments 241

Payments Analytics Fintech Marketing 241

Payments Source

AUGUST 20, 2020

Billionaire Jack Ma’s Ant Group generated about 9.2 billion yuan ($1.3 billion) of profit in the March quarter, offering investors a glimpse of its earnings power in the run up to its mega initial public offering.

Groups 123

Groups 123

PYMNTS

AUGUST 20, 2020

What happens if Main Street becomes less a proving ground for smaller businesses — born of, and serving, local communities — and more a collection of larger firms, well-capitalized, but already enjoying competitive advantages? Millions of smaller businesses are grappling with the impacts of the pandemic. And despite what might be seen as the best of intentions, various government initiatives and credit spigots may not be enough to keep small business (end especially small business formations) af

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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.

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Payments Source

AUGUST 20, 2020

The COVID-19 pandemic has teed up a growth opportunity for the buy now, pay later (BNPL) financial industry, as recession worries made people receptive to entering short-term payment plans that can fit in a budget.

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PYMNTS

AUGUST 20, 2020

Facebook CEO Mark Zuckerberg testified before the Federal Trade Commission (FTC) as part of the agency’s antitrust investigation into the popular social media giant, CNBC reported. It’s unknown what Zuckerberg spoke about over the course of his two-day virtual testimony, but the testimony does show that the FTC is still going forward with the investigation it opened in June of last year, according to the CNBC report.

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social media Apple Google Innovation 209

Payments Source

AUGUST 20, 2020

Fintech software provider Rapyd and LytePay, a payments provider for self-employed workers, are partnering to launch a digital business wallet and accompanying Mastercard for real estate agents in Singapore.

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Operations Payments Cards Software 118

PYMNTS

AUGUST 20, 2020

Navigating the pandemic-altered landscape has been difficult for fitness operators forced to close their physical locations and translate in-person services into digital offerings. But CEO Fritz Lanman of ClassPass , a platform for online and in-person fitness classes, told Karen Webster that digital offerings have partly filled a hole — albeit not completely — for consumers unable to get to their gyms.

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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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Payments Source

AUGUST 20, 2020

Meredith Fuchs, formerly the top lawyer at the Consumer Financial Protection Bureau, says data aggregators like Plaid "have matured." She will help the company prepare for new data-sharing rules and its pending sale to Visa.

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Data Company Technology Fintech 111

PYMNTS

AUGUST 20, 2020

Despite strong demand for food delivery in India due to dining restrictions wrought by COVID-19, transactions are below pre-pandemic levels because of a supply problem — many restaurants remain closed, delivery company Zomato concluded in a new report. “The number of restaurants offering food delivery are at 70 percent of pre-COVID levels. Out of this, about 5 percent [of] restaurants did not offer food delivery services pre-COVID.

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Matt Wilcox Pro

AUGUST 20, 2020

This week for TBT: A refresher on how some companies rip off digital advertisers. Originally posted August 25, 2017. IF YOU’RE A glass-is-half-full kind of person, I have good news. About 80 percent of what you spend on digital advertising is likely to show up under the noses of people you’d like to reach. If […].

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PYMNTS

AUGUST 20, 2020

Drizly Group , which works in alcohol eCommerce and delivery, has closed a $50 million Series C funding round, according to a press release. The round was spearheaded by New York-based investor Avenir , and Tiger Global and other existing investors also participated. The money will go toward both Drizly and Lantern , an independent company focused on cannabis delivery from online sources.

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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.

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SWBC's LenderHub

AUGUST 20, 2020

One of the greatest things about my job here at SWBC, and as a former lending executive, is that I get to speak with financial institution leaders, more specifically, credit union lending executives, on a regular basis. In recent weeks, unfortunately, a lot of the conversations I've been having have not been as upbeat as we would typically like. And, that's primarily because of the effects of the COVID-19 outbreak on many parts of our organizations, but more specifically, significantly declining

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Lending Industry 78

PYMNTS

AUGUST 20, 2020

Staggered reopenings. Tourism booms that might prove temporary. Each U.S. business vertical hard-hit by the pandemic has been impacted in different ways. For those companies dependent on face-to-face interactions, of course, the fall has been swift – and the climb back has been a steep one. On Thursday (Aug. 20), the U.S. Labor Department reported another one million-plus unemployment claims, this time logging 1.1 million claims for the week ending Aug. 15.

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Jack Henry

AUGUST 20, 2020

Traditional loans such as bank loans , SBA loans , and business lines of credit , are among the oldest and most well-known financing options in the industry. These standards have weathered the test of time by employing a rigorous process that works to determine the suitability of the candidate and their resolve and potential resiliency. Loans in these categories often take a fair amount of time and effort on the part of all the parties involved.

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Lending Industry 78

PYMNTS

AUGUST 20, 2020

For college students, the subject of fees — and how to pay for them — is notoriously thorny. And now, the COVID-19 era is making things even more complicated, as different schools are taking different approaches. For example, Brown University in Providence, Rhode Island said it has reduced school fees by more than $600 for the fall semester. But numerous schools have said that fees will not change, except perhaps for student activities, Forbes magazine reported.

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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.

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