PYMNTS

JANUARY 14, 2021

Nike is suing 589 websites, the owners of 676 social media accounts and more than 100 unidentified companies and individuals for allegedly selling counterfeit versions of its Nike and Converse shoes online. Nike wrote in a lawsuit filed in the U.S. District Court for the Southern District of Manhattan that its trademarks “are among the most widely recognized trademarks in the United States and around the world, as well as among the most popular with consumers.

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Los Angeles social media United States New York 309

Abrigo

JANUARY 14, 2021

How Institutions Can Avoid Fraud Surprises in the Next Round of the PPP BSA and fraud professionals saw a spike in PPP fraud during the first two rounds of funding. How can they be better prepared to prevent fraud in this next round? Would you like others articles like this in your inbox? Takeaway 1 This round of PPP funding focuses on new borrowers in low- and moderate-income communities. .

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Fraud Compliance Community Trends 195

PYMNTS

JANUARY 14, 2021

In the move toward digital payments in cash-centric economies, building trust in bank accounts and payments done in bits and bytes is critical. In Pakistan, for firms seeking to spur that adoption and to foster financial inclusion, it’s important to have a “cash in, cash out” mindset, as Erwan Gelebart, CEO of digital wallet, mobile payments and digital banking provider JazzCash , told Karen Webster in an interview.

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Mobile Payments Course Data 234

Jack Henry

JANUARY 14, 2021

We all know the drill. You have a technology need, so you begin researching options and solutions. Perhaps you send out an RFP. Then comes demos from vendors, meetings with your Senior Management Team, IT Steering Committee, and maybe the Board. Most likely, you go through this process with a sales or account executive holding your hand, answering all the questions you have, and hoping to make a sale.

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Technology Meeting Management 167

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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

PYMNTS

JANUARY 14, 2021

The Saudi Arabian Monetary Authority (SAMA) is introducing an open banking policy to advance digital innovation in the financial services sector. Saudi Arabia’s central bank said the plan is for open banking to go live in the first half of 2022. Through the initiatives in the policy, the goal is to foster the advancement of digital technologies and create new financial services and products.

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Innovation Policies User Experience Security 225

PYMNTS

JANUARY 14, 2021

Since the onset of the pandemic, banking activities like opening new accounts and applying for loans are now being done virtually to socially distance and help curb the spread of the virus. This means consumers are turning more to digital tools, but unlocking and embracing the potential benefits of these tools has not been easy. More than half of consumers find it difficult to locate relevant information on their banks’ websites, for example, a problem that led many to seek assistance in physica

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Video social media Millennials Data 224

Payments Source

JANUARY 14, 2021

Going forward, most consumers expect to be offered a variety of digital payment options in-stores in a post-COVID-19 world and that SMBs expect that change to be permanent, a Visa study finds.

Payments 124

Payments Study 124

PYMNTS

JANUARY 14, 2021

FinTech startup Marqeta has been tapped by Goldman Sachs to power digital checking accounts for Marcus. Marqeta said that Goldman Sachs “will leverage our modern card issuing platform” to introduce digital checking accounts to Marcus customers, according to a Marqeta blog post on Thursday (Jan. 14). The addition of digital checking expands the Marcus consumer portfolio of digital-first banking initiatives, which include high-yield savings, certificates of deposit, personal loans and other servic

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Cards Tools Fintech US 207

Payments Source

JANUARY 14, 2021

CEO Michael Hayford wants to transform Cardtronics' ATM fleet into a distribution network for fintech services. But first he has to persuade the company to accept his offer.

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ATM Fintech Company 118

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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

Report

PYMNTS

JANUARY 14, 2021

Like so many industries today, the diamond sector continues to struggle with supply chain digitization. The process of B2B procurement between diamond vendors and jewelry retailers is often stuck on legacy processes like phone calls, emails and paper check payments, creating the same kinds of bottlenecks and inefficiencies that plague other markets.

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Industry Strategy Retail Trends 204

BankBazaar

JANUARY 14, 2021

Here’s a roundup of the latest from the world of Personal Finance – from fuel sales to FD rates and more! ?. BankBazaar Studio kicks off 2021 with the top news updates in the world of Personal Finance for the past week! – Fuel sales increased in 2020 as a sign of economic recovery. Sale of Petrol increased by 106%. To know about the latest fuel rates, click here. . – GST collections in December 2020 hits an all-time high.

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US Video 88

PYMNTS

JANUARY 14, 2021

Southeast Asian FinTech Grab Financial Group announced in a press release that it has raised $300 million in a Series A funding round. The round was led by Hanwha Asset Management , South Korea’s leading asset management company. Other investors in the round include K3 Ventures , GGV Capital , Arbor Ventures and Flourish Ventures , the release stated.

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Groups Regional Fintech Management 204

Bobsguide

JANUARY 14, 2021

The Securities and Exchange Commission’s (SEC) latest charges against Ripple Labs Inc shows the regulator’s ambition to further supervise ongoing developments in the crypto space. But while increased regulation is expected following cryptocurrencies’ recent developments, the.

cryptocurrency 88

cryptocurrency Regulation Security 88

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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.

Lending

PYMNTS

JANUARY 14, 2021

Retailers made all sorts of quick pivots to their eCommerce sites as the pandemic unfolded, but in-store legacy technology proved to be an obstacle for many of them. Toshiba Global Commerce Solutions aims to change that with its new Elera system. Unveiled Wednesday (Jan. 13), Elera aims to replace legacy in-store IT systems with a new cloud-enabled solution of point of sale (POS), Internet of Things ( IoT ) sensors and more than 30 available “microservices” like refunds and promotions to bring s

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System Retail US Data 189

SWBC's LenderHub

JANUARY 14, 2021

Today’s uncertain economic conditions and the continuing effects of the COVID-19 pandemic have left financial institutions scrambling to develop and implement consumer retention strategies to drive revenue.

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Strategy 88

PYMNTS

JANUARY 14, 2021

Employers reflecting on 2020 will largely remember it as the year of the remote shift. A survey of 1,200 companies across numerous industries found that nearly 49 percent of firms said employees’ productivity improved as they worked digitally , with fewer workers worried about commuting or getting distracted on the job. Many companies took various facets of their operations digital, too, including their payments operations and other processes that relied on staff coming into the office.

Video 184

Video Tools New York City New York 184

BankInovation

JANUARY 14, 2021

Although digital banking has existed for decades, it’s too often felt like a chore. People have to track every expense they make, manually categorize their transactions, endlessly tweak their budgets, sort through indecipherable transaction descriptions, and so on. Fortunately, today’s data-driven machine learning and artificial intelligence have enabled something entirely different from yesterday’s digital banking […].

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Fintech Digital Banking Data 98

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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.

US

PYMNTS

JANUARY 14, 2021

A year ago, solidifying a digital business was still at the level of a “nice to do” for most SMBs. A year and one global pandemic later, digital transformation has become a need-to-do for SMBs looking to survive the storm. Luckily, PYMNTS can offer some guidance in the form of four concepts every SMB should investigate as they look to build out digital expansion.

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Tools Operations Payments Meeting 180

BankInovation

JANUARY 14, 2021

Although digital banking has existed for decades, it’s too often felt like a chore. People have to track every expense they make, manually categorize their transactions, endlessly tweak their budgets, sort through indecipherable transaction descriptions, and so on. Fortunately, today’s data-driven machine learning and artificial intelligence have enabled something entirely different from yesterday’s digital banking […].

Fintech 96

Fintech Digital Banking Data 96

PYMNTS

JANUARY 14, 2021

Petco raised $864 million in an initial public offering (IPO) scheduled to start trading on Thursday (Jan. 14), Bloomberg reported. . The San Diego-based pet care chain is pricing its 48 million shares of Class A common stock at $18 each, beating forecasts. The offering is expected to close next Tuesday, subject to closing conditions. Morgan Stanley, Goldman Sachs and Barclays are the underwriters.

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Puerto Rico San Diego Video Retail 178

American Banker

JANUARY 14, 2021

Brian Brooks may be remembered as one of the most controversial interim regulatory chiefs in recent memory, taking positions on the pandemic response, fintechs’ banking ambitions and other issues that won him supporters and critics alike.

Fintech 97

Fintech Regulation 97

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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.

Compliance

PYMNTS

JANUARY 14, 2021

There is no shortage of digital-only banks offering a smoother onboarding process, a slick mobile interface and fee waivers in an effort to tempt consumers to leave their traditional bank. Which, in a sense, makes Upgrade ’s announcement today (Jan. 14) that it is jumping into the world of mobile banking with the launch of a debit rewards product somewhat eye-catching.

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Mobile Cards Security Lending 178

Payments Source

JANUARY 14, 2021

What started as Mezu and went through 18 difficult months competing as a payments offering has now rebranded as Alviere, with a broader range of digital banking services.

Payments 84

Payments Marketing Digital Banking Fintech 84

PYMNTS

JANUARY 14, 2021

When it comes to the ever-persistent build-versus-buy debate, the "buy" decision is becoming a more obvious choice for many firms within their digitization journeys. That's particularly true for smaller organizations with fewer resources and a lack of internal expertise to develop proprietary apps and other solutions. But procuring third-party solutions has its downsides.

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Data Analytics User Experience Technology 175

BankUnderground

JANUARY 14, 2021

Ali Soliman. Data plays a central role in all technical aspects of insurance and actuarial work. However, utilisation is often still confined to aggregate premium and claims data. Not so in the case of telematics. Say the phrase ‘black box’ and most people will think of flight recorders fitted to aircraft. But Motor insurers also use the millions of data points generated by black boxes, fitted to more than a million cars in the UK, to price risks.

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Data Exercises Capital Case Study 86

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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.

Lending