BankInovation
NOVEMBER 6, 2020
Wells Fargo is exploring new technology in the corporate credit card and legal servicing space. The $1.92 trillion bank’s internal accelerator welcomed two new startups to its portfolio yesterday, and is actively evaluating different applications of each technology as the bank looks to fill immediate needs with external innovation, Kevin Buoy, head of the Wells […].
Accenture
NOVEMBER 6, 2020
Sibos 2020, the world’s largest financial services conference, was held virtually this year from October 5-8. The theme this time was “Driving the evolution of smart finance.” As usual, the conference served as a platform for the global finance community to have stimulating discussions and exchange ideas. Seven key themes for payments jumped out at….
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Perficient
NOVEMBER 6, 2020
Welcome back to the last part of our “Four Microsoft 365 network connectivity principles you need to know” blog series! Last time, we discussed the concept of enabling direct connectivity for Microsoft 365 connections. If you haven’t had a chance to check that blog post out yet, I encourage you to check it out here. In this blog, we’ll cover the last principle which involves modernizing security for software as a service (SaaS).
PYMNTS
NOVEMBER 6, 2020
COVID-19 has shifted consumers away from card-based payments experiences, while P2P has accelerated a change enabling merchants to own the payments experience itself, Debbie Guerra , executive vice president of merchant and payments intelligence solutions at ACI , told PYMNTS in a recent interview. Guerra said that’s because consumers increasingly value speed and simplicity when it comes to all aspects of life, including their interactions with businesses.
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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
Payments Dive
NOVEMBER 6, 2020
Despite reporting sales declines for Q4, Starbucks Corporation President and CEO Kevin Johnson was pleased with the chain's finish to the fiscal year. The company did see a change in transactions and quickly pivoted to meet customer needs.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
NOVEMBER 6, 2020
It's not just payment habits that are changing, but the very nature of what people are willing to buy one another.
PYMNTS
NOVEMBER 6, 2020
The escalating COVID-19 pandemic and the ensuing second lockdown in Europe have prompted lawmakers to press for eCommerce platforms and other media to share data, according to a TechCrunch report on Friday (Nov. 6). . The effort is aimed at reducing the number of COVID-19 scams by “rogue traders” that target people and businesses affected by the pandemic.
Payments Source
NOVEMBER 6, 2020
But with the deadline fast approaching and no further extensions on the horizon, focusing squarely on accelerating EMV compliance is now the optimal decision for gas station owners, says Paysafe's Lori Griboski.
PYMNTS
NOVEMBER 6, 2020
It has been a good year for connected fitness company Peloton. For Q3 it saw sales grow by 232 percent to $757.9 million from $228 million a year ago. Analysts had been forecasting sales revenue of $748.1 million. That massive bump was driven by fitness-oriented consumers who have increasingly turned to connected bikes and treadmills to rebuild their exercise routines at home in a world where going to the gym feels a bit like a risk to one’s health.
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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
Payments Source
NOVEMBER 6, 2020
Tokyo-based JCB has partnered with Paymentwall, a global provider of payment acceptance for merchants concentrated in the video game and home entertainment industries.
PYMNTS
NOVEMBER 6, 2020
The COVID-19 pandemic has been good for the real estate market. Consumers have become homebound over the past half-year or so, and perhaps unsurprisingly, many have a renewed focus on ensuring their home is right for them. Meanwhile, millennial consumers have drastically picked up the pace of their home buying. They’re aided by digital tools that make it easier to find a home, take a virtual tour, arrange financing, place an offer and close a deal – all from the comfort of their living rooms.
Payments Source
NOVEMBER 6, 2020
Brazil's central bank and the country's National Monetary Council have established operation guidelines for a regulatory sandbox to encourage financial and payments technology innovation.
PYMNTS
NOVEMBER 6, 2020
What started as an April Fool’s joke in 2018 — "Teslaquila" — is now a hot seller, with bottles of Elon Musk’s Tesla Tequila, priced at $250, selling out within hours, according to a CNN report. Produced by the South California brand Nosotros Tequila, Tesla Tequila is sold in a lightning-shaped bottle resembling Tesla’s logo. Sales are limited to two bottles per person.
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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.
ATM Marketplace
NOVEMBER 6, 2020
Can fintechs and banks collaborate together to create a new financial landscape that utilizes the strengths of both for the good of the customer? Clayton Weir, Chief Strategy Officer for FISPAN shares his insights on this topic with ATM Marketplace.
PYMNTS
NOVEMBER 6, 2020
Merchant acquirer Payroc announced that RewardPay , its signature payment processing product, is growing its processing features. RewardPay Choice comes with each of RewardPay’s benefits, along with the capacity to select the fee amount that clients will pay, according to the announcement. Payroc said that RewardPay is a “card brand-compliant” surcharging program that lets merchants have cardholders pay all or a portion of their credit card processing fees.
Bobsguide
NOVEMBER 6, 2020
For more than 30 years, Eurobase has been providing world-class, reliable, integrated treasury and trading solutions to banks and financial institutions worldwide. We asked Gill Bacon, business development director, banking to tell us why now, more than ever, integrating trading, treasury and sales.
PYMNTS
NOVEMBER 6, 2020
Subscriptions of every description are set to the beachheads of commerce over the next year or so in a frenzy of monthly boxes, streaming entertainment services and educational media. Containing much expert insight on the topic, PYMNTS latest Subscription Commerce Tracker® , Digital Media And Publishing Subscription Trends Edition, done in collaboration with Recurly , examines the growth prospects for subscription services as the digital shift keeps on shifting.
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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.
BankDeals
NOVEMBER 6, 2020
Bogota Savings Bank's (NJ) Anniversary Money Market Checking is available on a statewide basis. Minimum balance of $75k is required to qualify for the top rate.
PYMNTS
NOVEMBER 6, 2020
Supermarket group Sainsbury's is planning to slash 3,000 jobs, according to a Times report on Friday (Nov. 6). The group's Argos business will see the most layoffs. Sainsbury's is shuttering its meat counters, fresh fish departments and delis. Sainsbury's purchased Argos in 2016 for £1.4 billion. . “As we go into lockdown in England for the second time this year and restrictions are in place across the UK, we know our customers and colleagues are feeling anxious and we will do all we can to supp
Payments Source
NOVEMBER 6, 2020
Bitcoin extended recent gains in Friday trading, continuing its slow progress toward $16,000 after joining a slew of assets from oil to Asian stocks that rallied in the wake of the U.S. election.
PYMNTS
NOVEMBER 6, 2020
Privately held Petco announced this week that after two months of mulling strategic options like a sale, the San Diego-based chain of 1,500 pet stores has filed preliminary paperwork for an initial public offering. Whether Petco actually goes the IPO route or ends up finding a buyer remains to be seen, but one thing is clear — consumer demand for pet supplies and services is hot right now.
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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.
BankDeals
NOVEMBER 6, 2020
Old Missouri Bank offers competitive rates on its Kasasa Cash checking account and the companion Kasasa Saver savings account in 15 states.
PYMNTS
NOVEMBER 6, 2020
Global identification verification company Trulioo has enlisted former Absolute Software executive Leigh Ramsden as its new chief financial officer, according to a press release emailed to PYMNTS. Ramsden was previously Absolute Software's interim chief financial officer. He succeeds Anne Lawlor , who served as Trulioo's chief financial officer for eight years and is retiring.
Jeff For Banks
NOVEMBER 6, 2020
Bankers have made great strides in developing the strategies to succeed over the long-term, analyzing the customers that most value their strategic direction, and gaining the buy-in from their Boards of Directors and employees. The next challenge is to build the environment and culture where the organization moves toward its aspirational future. To create operational discipline that greases the gears toward the bank you want to be without continuous leadership intervention.
PYMNTS
NOVEMBER 6, 2020
Financial services firm Figure Technologies, Inc. has sought a national bank charter from the Office of the Controller of the Currency (OCC), which will let it meet “promises of efficiency, affordability and financial inclusion,” according to a Friday (Nov. 6) announcement. The charter would let the company gear its compliance activities toward the requirements of one regulator, provide a cohesive collection of offerings throughout the country, provide clients and business partners with the secu
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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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