Chris Skinner
MARCH 5, 2020
Who moved my cheese? Like many of us, I am confused about the world, the future, life and everything. All seems good one day. The next, everything is being cancelled, government tells you to self-isolate, your view of everything is challenged and you have to change to fit. Who moved … The post Who moved my cheese? appeared first on Chris Skinner's blog.
Payments Dive
MARCH 5, 2020
Scott Peterson, VP of U.S. tax policy at Avalara, explains why the technological innovation taking place across the convenience store industry has drastically increased the burden of product management, compliance, and shipping on businesses placing their stake in the omnichannel landscape.
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PYMNTS
MARCH 5, 2020
The World Health Organization (WHO) is advising people to not use paper tender and to use as many cashless options as possible to help contain the spread of the coronavirus, according to reports. Officials with WHO say that while cash isn’t more or less likely to spread the disease, it can carry the virus just like door handles and hand railings, and can spread it on contact.
Chris Skinner
MARCH 5, 2020
Things we’re reading today include … JPMorgan CEO Jamie Dimon recovering after emergency heart surgery Credit Suisse chairman has sought to extend tenure Barnier warns of grave differences between EU and UK in trade talks JPMorgan restricts all non-essential domestic travel globally: internal memo New Bank of England governor approved … The post Things worth reading: 6th March 2020 appeared first on Chris Skinner's blog.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Bank Innovation
MARCH 5, 2020
PayPal has apparently unearthed a new revenue opportunity within its acquisition of Honey, a Morgan Stanley document shows. According to the Morgan Stanley research note today, PayPal CEO Dan Schulman said at an event hosted by the investment bank that Honey has data revenue opportunities that were apparently not on PayPal’s radar when it acquired […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bank Innovation
MARCH 5, 2020
To Robert Mancini, head of payments at core provider Finastra, banks are only beginning to recognize the importance of integrating to the cloud for better payments and services. Prior to his role at Finastra, Mancini worked at several global banks, including Wells Fargo and Bank of Montreal. In his current role, he helps develop cloud-based […].
PYMNTS
MARCH 5, 2020
Zycus , which provides a comprehensive, end-to-end source-to-pay software suite in which it uses artificial intelligence (AI) technology, now has a new series of BOTs from its Zycus Merlin AI Suite, according to a press release. The BOTs will allow procurement and accounts payable (AP) teams to automate tasks considered mundane or repetitive. One of the tasks that will be able to be automated is invoice intake, in which key data will be automatically extracted.
Bank Innovation
MARCH 5, 2020
PayPal has apparently unearthed a new revenue opportunity within its acquisition of Honey, a Morgan Stanley document shows. According to the Morgan Stanley research note today, PayPal CEO Dan Schulman said at an event hosted by the investment bank that Honey has data revenue opportunities that were apparently not on PayPal’s radar when it acquired […].
PYMNTS
MARCH 5, 2020
In a new digital real estate game called Upland, players can buy virtual versions of properties in San Francisco, Cointelegraph reported. Players can then earn rental income on those properties, much like in the game Monopoly, and they can buy and sell the properties. The idea of tapping into the blockchain to support a digital property market isn’t entirely novel.
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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
Bank Innovation
MARCH 5, 2020
To Robert Mancini, head of payments at core provider Finastra, banks are only beginning to recognize the importance of integrating to the cloud for better payments and services. Prior to his role at Finastra, Mancini worked at several global banks, including Wells Fargo and Bank of Montreal. In his current role, he helps develop cloud-based […].
PYMNTS
MARCH 5, 2020
Credit bureaus are aiming to thicken up the “thin” credit files of borrowers who have too little credit history to qualify for loans using the traditional FICO credit score, launching new products that use information banks hadn’t been typically considered in the credit-scoring process. By looking at things like on-time rent payments or a lack of bounced checks, credit bureaus are aiming to generate “alternate credit scores” for consumers who otherwise have too little credit history to receive t
Bank Innovation
MARCH 5, 2020
Brex, the corporate card and financial product startup, has partnered with human resources company TriNet to reach new customers through exclusive rewards. Brex aims to reach the more than 18,000 TriNet client companies through cash-back rewards on coffee, gyms and food delivery with the tie-up.? “If you’re a growing company that was five people and […].
PYMNTS
MARCH 5, 2020
The Access Group has acquired CoreHR, an Ireland and U.K.-based firm known for HR and payroll software, according to a press release. The move sets up Access Group to become a large-sized leader in the region for those types of services. It follows Access Group’s other recent acquisition of People, another leader in small business HR software. Both of those acquisitions, the release states, will allow Access Group to support businesses of any size with needs for HR and payroll-related issues.
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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
Bobsguide
MARCH 5, 2020
Blockchain technology should be regulated as data rather than a financial instrument, according to a panel of lawyers and policy consultants at a London Blockchain Week conference today. Panellists also said smart contracts as the future of regulation in financial services. “We have to.
PYMNTS
MARCH 5, 2020
Walmart has announced that it’s going to merge its Walmart Grocery app with the main Walmart mobile app, to create a more seamless shopping experience for its customers, according to a report by TechCrunch. Previously, customers had to switch between the two apps depending on what they wanted. The new merge will mean customers will be able to do everything they want to in one place, and it will be less confusing, the company said, as some main app users didn’t even know there was a separate app.
Bobsguide
MARCH 5, 2020
This year, technology will continue to be the main driver of disruption in the banking industry through the evolution of machine learning (ML), blockchain, quantum computing etc. as digital transformation is evolving the way banking is done, according to Deloitte’s study 2020 banking and.
PYMNTS
MARCH 5, 2020
Virgin Media announced Thursday (March 5) that the personal details of 900,000 customers had been accessed by a third party as the company left a marketing database unsecured for months, according to the Financial Times. Britain’s second-largest broadcast company, which is owned by billionaire John Malone’s Liberty Global, has been dealing with the problem all week as it discovered that the database in question had never been secured properly.
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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.
Payments Source
MARCH 5, 2020
Advance wage access company Branch has partnered with Cardtronics’ Allpoint ATM network to provide surcharge-free cash access at all Allpoint ATMs across the U.S. to its customers.
PYMNTS
MARCH 5, 2020
Joseph LaForte, of short-term capital provider Par Funding, said this week that his company will be providing a new product to help small- to medium-sized businesses (SMBs) with cash flow issues, according to a press release. The product will ensure that SMBs are able to get access to working capital “in the shortest possible time and in the most convenient way,” the release states.
Matt Wilcox Pro
MARCH 5, 2020
Originally posted April 29, 2013 Seven years later, the data-driven race to trim turnaround-times and enhance the customer experience is still on. * * * WHEN YOU SEE WORDS like “estimate” and “90 percent” flung about without supporting data, it’s wise to assume you’re dealing with a guess landing somewhere between wild and educated. But [.
PYMNTS
MARCH 5, 2020
JPMorgan CEO Jamie Dimon is recovering from emergency heart surgery this week, the company said Thursday, according to CNBC. The surgery was to repair an acute aortic dissection, according to CNBC. Until Dimon, 63, recovers completely, co-presidents Daniel Pinto and Gordon Smith will be running things in his absence. Pinto and Smith issued a memo to employees and shareholders, stating the surgery had been successful.
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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.
Payments Source
MARCH 5, 2020
JPMorgan Chase & Co. said Chief Executive Officer Jamie Dimon underwent emergency heart surgery and that it’s placing co-Presidents Daniel Pinto and Gordon Smith in charge during his recuperation.
PYMNTS
MARCH 5, 2020
The incoming Bank of England (BoE) Governor Andrew Bailey said that small and medium-sized businesses (SMBs) might need loans from Threadneedle Street and the government to help with supply chain disruptions from the coronavirus outbreak, according to reports on Thursday (March 5). Bailey, who is currently chief executive at the Financial Conduct Authority (FCA), told MPs on the Treasury committee that the coronavirus is “going to be the first most pressing issue that we face.”.
Payments Source
MARCH 5, 2020
As part of its financial inclusion campaign, Mastercard has partnered with Moneytrans to launch remittance-linked checking for migrant workers with a goal of obtaining 1 million users by 2025.
PYMNTS
MARCH 5, 2020
AT&T ’s 5G mmWave network will now be available to everyone, not just businesses, according to CNBC. Prior to Thursday’s announcement, the slower 5G network from AT&T was available to everyone, but the limited mmWave network, faster than the other 5G network, was only available to businesses. The move comes at the same time as the release of the Samsung Galaxy S20+ and Galaxy S20 Ultra phones, set to come out on Friday — although those shopping for a new Samsung phone should be aware tha
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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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