Chris Skinner
MAY 10, 2020
The other day, I blogged about the failure of government in this crisis. Today, I’m blogging about the failure of banks. I am aware that in some countries – the Netherlands seems to be one – there has been great continuance of bank service. Unfortunately, the UK is proving to … The post The failure of banks (#coronavirus) appeared first on Chris Skinner's blog.
PYMNTS
MAY 10, 2020
Plans across the world to reopen economies and re-enter public life are being thwarted by new flare-ups of the coronavirus. In South Korea, Germany and China, new spikes in infections have roiled attempts to roll back lockdowns. In Seoul, bars and clubs had to shut down again due to a new spate of infections linked to those types of areas, and there were 34 new infections on Sunday.
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Chris Skinner
MAY 10, 2020
Things we’re reading today include … Unemployment due to Covid-19 is surely worth more than a footnote | Larry Elliott EU could open legal case against Germany over ECB bond-purchases ruling: Commission Andrew Bailey needs to be more convincing about the path to recovery For central banks, hope for precision … The post Things worth reading: 11th May 2020 appeared first on Chris Skinner's blog.
PYMNTS
MAY 10, 2020
California lawmakers have introduced a bill that would attempt to more clearly define how cryptocurrency is meant to be treated, and definitively determine if it is an investment contract. According to the law, digital securities “presumptively not an investment contract” would not be subjected to the sometimes contradictory rules between organizations.
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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
BankBazaar
MAY 10, 2020
Amid the COVID-19 crisis, with many people facing a loss of income, the government, the Reserve Bank of India and other banks have stepped in with various measures to support those facing a cash crunch. The Covid-19 pandemic has affected our lives in myriad ways. From the way we shop for groceries, socialise with people, to the way we work, the virus has made its presence felt.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
MAY 10, 2020
U.S. card issuers aren’t getting the full benefit of the contactless phenomenon because of their slower contactless card rollout strategies.
PYMNTS
MAY 10, 2020
The British Retail Consortium has said the U.K.’s financial aid measures haven’t been enough to stop a total collapse for many retailers. In a letter to small business minister Paul Scully and finance minister Rishi Sunak, the Consortium said that June’s rent payment dates will be a life-or-death matter for many businesses, and so more action needs to be taken.
BankBazaar
MAY 10, 2020
Interested in exploring Credit Cards but hesitating due to the lockdown? No worries; read on to find Credit Card offers that come with a completely contactless application process. The kicker? They’re all lifetime-free cards if you apply via BankBazaar.com! The coronavirus spoiling your plans for a Credit Card? You can apply for a Credit Card without stepping outside the safety of your home or physically meeting any bank representatives.
Payments Source
MAY 10, 2020
The failure to bring decades-old processes into the digital era not only continues to cost companies dearly but has only become increasingly disruptive in the current Covid-19 environment.
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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
American Banker
MAY 10, 2020
Complaints to the bureau hit an all-time high in April. More than one in five said servicers wouldn't grant deferrals, forced borrowers into forbearance or violated other requirements of the coronvavirus relief law.
FluentBanking
MAY 10, 2020
Eight listed banks declared aggregate cash dividends amounting to Tk 9.11 billion for the year ending on December 31, 2019 amid the ongoing Covid-19 pandemic. Of the 30 banks, listed on the Dhaka Stock Exchange, eight banks declared dividends so far as of Thursday (May 7), according to statistics available with the DSE and the companies' disclosures.
TheGuardian
MAY 10, 2020
Exclusive: UK subsidiary caught in bank’s tangle over government-backed loans Coronavirus – latest updates See all our coronavirus coverage Lloyds Banking Group is rushing to fix a fault that left subsidiaries of foreign companies struggling for weeks to gain access to UK government-backed loans during the coronavirus crisis. Subsidiaries in the UK have been caught out by eligibility criteria for the 80% government-guaranteed coronavirus business interruption loan scheme (Cbils), as well as inte
The Financial Brand
MAY 10, 2020
Many fintech organizations, especially the newest, will not survive past the pandemic primarily due to lack of funding and reduced revenues. The post COVID-19 Impact on the Future of Fintech 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.
TheGuardian
MAY 10, 2020
Lloyd’s Bank had to cancel my original payment card because of fraud In February I booked Airbnb accommodation in Australia as part of a trip to see our grandchildren in April. But on the same day as I made the £2,138 reservation, someone managed to hack my credit card, and used it to make a fraudulent transaction. As a result, my bank, Lloyds, stopped the card and issued me with a new one.
The Financial Brand
MAY 10, 2020
A cashless revolution has been accelerated by the COVID-19 pandemic. How fast and far it spreads will depend on more than just technology. The post Four Trends That Will Finally Make Cashless a Reality appeared first on The Financial Brand.
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