Chris Skinner
JULY 13, 2020
I have a few friends around the world that I pick up on, and The World Bank and CGAP are amongst that crew. Therefore, when I saw that Peter Zetterli, senior financial sector specialist with CGAP, was blogging about financial inclusion I couldn’t but help reach out to him and … The post Digital Banking for the Poor appeared first on Chris Skinner's blog.
Perficient
JULY 13, 2020
Did you miss my webinar with the Detroit Adobe Experience Meetup on Sling RepoInit ? Sling RepoInit is a newer technology which enables projects to set up permissions, configurations and content via OSGi configurations in a purpose-built grammar. Check out the presentation deck and recording to see how RepoInit could be useful on your project. Watch the Recording.
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Accenture
JULY 13, 2020
The COVID-19 pandemic has presented the global economy with challenges and changes not seen in generations. Payments providers in Europe need to navigate the operational and financial hurdles the virus presents while also rapidly addressing the needs of the workforce, customers and partners. The situation is exceptional—and that makes reliable data and forecasts particularly valuable.….
Perficient
JULY 13, 2020
If you are at all a Microsoft follower – and with 82% of enterprises using Microsoft Office according to a recent survey by Spiceworks , chances are you’re at least peripherally aware of Microsoft products and solutions – then you may also be hearing all of the buzz around Power Platform. Power Platform is Microsoft’s low-code platform that spans Office 365, Azure, Dynamics 365, and standalone applications.
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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
Chris Skinner
JULY 13, 2020
Things we’re reading today include … Monzo Down: Challenger Bank Cites “Problem with Servers” Another Horrific Bank Of America Horror Story That Hundreds, If Not Thousands, Are, Apparently, Experiencing ING Bank to shutter quarter of its bank branches in Netherlands McKinsey warned Wirecard a year ago to take ‘immediate action’ … The post Things worth reading: 14th July 2020 appeared first on Chris Skinner's blog.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
JULY 13, 2020
A $20 billion federal initiative to provide emergency funding to small businesses is out of cash. The U.S. Small Business Administration (SBA) announced in a press release the end of the Economic Injury Disaster Loan (EIDL) Advance program. The EIDL was crafted to provide economic relief from $1,000 to $10,000 to businesses and nonprofits that experienced a temporary loss of revenue during the pandemic.
Bobsguide
JULY 13, 2020
Working from home is likely to become part of the new normal as the coronavirus crisis has taught business leaders that work doesn’t need to be conducted in an office setting, according to Yemi Jackson, CEO and founder of Engage Transform Consultancy. According to an article published in.
PYMNTS
JULY 13, 2020
Before the pandemic hit, the global freelancing economy was expected to experience significant proliferation. Today, while shutdowns have led many businesses to temporarily halt non-essential spending, many in the market actually expect the expansion of the freelancing community to accelerate as a result of market volatility. One factor behind that thinking is certainly the sudden jolt of job losses, guiding many professionals once reliant on hourly or salaried employment to step into the world
Payments Source
JULY 13, 2020
The best intentioned efforts to bridge racial or gender gaps, or to create a more inclusive market for a financial project, will likely fail unless there’s careful attention paid to a lack of diversity at the onset.
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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
JULY 13, 2020
In 1946, the then-61 members of the World Health Organization (WHO) saw the need for a consistent yet comprehensive definition of “health.” They felt strongly that any definition had to acknowledge that a person’s good health was more than not being sick or disabled, but instead should reflect “a state of complete physical, mental and social well-being.
Payments Source
JULY 13, 2020
G4S Plc has entered talks with workers over a plan to slash jobs at its U.K. cash-handling business as COVID-19 spurs consumers to use other forms of contactless payment.
PYMNTS
JULY 13, 2020
“Careem” is an Arabic word meaning, in part, “noble, admirable and praiseworthy.”. In the case of Dubai-based ride-hailing and delivery platform Careem and its efforts to modernize payments in the Middle East North Africa (MENA) region, add “timely” to the list. The platform’s deal with Visa to bring enhanced payments together with financial management tools in-app for consumers and Careem Captains — the gig workers who comprise its indie workforce — is another win, after being acquired by Uber
Payments Source
JULY 13, 2020
With the COVID-19 health pandemic wreaking havoc on jobs, investments, consumer debt and lending, secured credit cards can address a vital need for people who may not have considered the product in the past.
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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
JULY 13, 2020
The greatest health crisis in a generation is poised to accelerate innovation at the intersection of healthcare , technology and payments as never before. From telehealth to new financing options for patient treatments to big retailers like Walmart , Walgreens and CVS mashing up retail with healthcare, everyone from startups to incumbents are using the pandemic as an opportunity to disrupt — and reinvent — healthcare.
Payments Source
JULY 13, 2020
Payment fraud remains a credible threat and unfortunate reality for the majority of businesses, something that is unlikely to go away as fraud methods continue to evolve, says JPMorgan Chase's Alec Grant.
PYMNTS
JULY 13, 2020
Two Nigerian scammers known for allegedly defrauding American companies for tens of millions of dollars that they transferred into bitcoin were extradited to the U.S. from Dubai, Cointelegraph reported. The suspects were Olalekan Jacob Ponle, who used the alias “Mr. Woodbery,” and “Mark Kain,” and Ramon Olorunwa Abbas, who called himself “Ray Hushpuppi” and “Hush.
Matt Wilcox Pro
JULY 13, 2020
Once things settle down, should financial institutions let remote workers continue working from home? Many sing the praises of work-from-home, but some sing a different tune altogether. Work-from-home is on the rise due to the COVID-19 pandemic. Reportedly, some organizations are finding they like it and might just keep it up. As a result, predictions […].
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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.
PYMNTS
JULY 13, 2020
The real estate industry faced severe economic damage at the beginning of the pandemic. Potential homebuyers backed away because of rising costs, unemployment and health concerns, with April data showing that property sales in the U.S. declined 17.8 percent from March and 20 percent year over year. Consumers’ and commercial buyers’ interest in the sector have slowly risen since some markets worldwide have reopened brick-and-mortar locations and resumed normal business dealings.
BankBazaar
JULY 13, 2020
While working from home in the midst of a pandemic that has us stressed all the time, there are several things at home that compete for our attention. Here are six websites that will help you de-clutter and raise your productivity. There’s no denying that the pandemic has us stressed all the time these days. Combine this with our need to stay glued to news trends and our attention span bears the brunt of it.
PYMNTS
JULY 13, 2020
As it looks to develop its hyperautomation technology, robotic process automation (RPA) company UiPath has notched $225 million in an Alkeon Capital Management-led Series E investment round at a $10.2 billion post-money valuation. Sequoia Capital, Coatue and Accel were among the other firms participating in the round, per an announcement. UiPath Co-founder and CEO Daniel Dines said in the announcement, “COVID-19 has heightened the critical need of automation to address challenges and create
Bobsguide
JULY 13, 2020
The rush for data insights follows the Olympic motto – swifter, higher, stronger. Admittedly, information is the most valuable commodity in times of fast and dynamic changes so it is being gathered meticulously, bought and sold, stored and exchanged, processed and consumed. In the corporate.
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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.
PYMNTS
JULY 13, 2020
Minneapolis-based buy now, pay later (BNPL) firm Sezzle has raised $55 million in its latest capital round, according to a press release. The money came from a fully underwritten placement, the release states, and the firm was supported by existing and new CHESS Depositary Interest (CDI) holders. The release states the money will go toward furthering Sezzle’s growth strategy and strengthening its balance sheet.
CFPB Monitor
JULY 13, 2020
The CFPB filed a complaint on July 6, 2020 in a New York federal district court against My Loan Doctor LLC (“Loan Doctor”) and its founder, Dr. Edgar Radjabli, for allegedly making false, misleading, and inaccurate marketing representations in violation of the Consumer Financial Protection Act’s prohibition against unfair, deceptive or abusive acts or practices.
PYMNTS
JULY 13, 2020
The nation’s banks hoping to use COVID-19 as an excuse to shutter branches or get permanent concessions from regulators better think again, the Financial Times reported. Brian Brooks , Acting Comptroller of the Currency, an independent agency within the U.S. Department of Treasury, told the newspaper he was not prepared to revisit the fundamentals of bank regulations as a result of the pandemic.
CFPB Monitor
JULY 13, 2020
The Department of Justice recently announced that it had settled a lawsuit filed in 2019 that alleged a Maryland used car dealership discriminated against African Americans in violation of the Equal Credit Opportunity Act by offering different credit terms based on race. The settlement includes the DOJ’s claims against the dealership’s individual owner and its manager.
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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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