Thu.Nov 12, 2020

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[Webinar Recording] Oracle Clinical One Demo and Roadmap

Perficient

Recently, Dave Shuford, a sales consulting director at Oracle, and Caz Halsey, a director of life sciences at Perficient, presented an informative webinar on Oracle Clinical One, a new unified clinical development platform. During the webinar, the two discussed how Clinical One is different from the legacy applications most people know. Specifically, David explained the industry’s shift from individual point solutions to a suite of applications to an integrated platform and then finally to a uni

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Payments Canada Partners With Mastercard’s Vocalink To Advance Real-Time Rail

PYMNTS

Payments Canada is teaming up with Mastercard’s Vocalink for clearing and settlement for the country’s new real-time payments system, the Real-Time Rail (RTR). Delegated by the Canadian Government, Payments Canada is responsible for the clearing and settlement infrastructure, processes and rules. The RTR is the foundation of Payments Canada’s plans to modernize the payments infrastructure in the country. .

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FinCEN Reissues Real Estate Geographic Targeting Orders: What does this mean for you?

Abrigo

Key Takeaways FinCEN reissued their Geographic Targeting Orders (GTO) that were originally issued in May 2020. The purchase price of residential real estate under this GTO remains at $300,000. Real estate lending BSA training should include GTO guidance. On November 4 , 2020 , t he Financial Crimes Enforcement Network (FinCEN) reissued their Geographic Targeting Orders (GTOs) to include the same 12 metropolitan areas issued in May 2020.

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Salesforce Rolls Out Revenue Cloud To Simplify B2B Functions

PYMNTS

Salesforce has rolled out its new Revenue Cloud product, which will work to simplify B2B purchasing for customers, according to a press release. Revenue Cloud, according to the release, will work to bring together configure, price, quote (CPQ) and billing, partner relationships and B2B commerce capabilities in order to consolidate services and streamline the process overall.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

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Staging Ground: How Hong Kong could propel China’s fintech exports

Accenture

Hong Kong could have a major role to play in supporting the overseas expansion of China’s fintech giants. The growth of China’s fintech giants in their domestic market has, until recently, been relatively unfettered by regulatory constraints. But the recent emergence of a more hands-on regulatory approach has created a degree of uncertainty about the….

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The Importance of Building Trust & Credibility with the Modern Member

Jack Henry

First things first, I want to level with you. I’m a … Millennial. Need proof? I’m glued to my smartphone. I expect instant and convenient everything. I think anything over a two-day shipping timeframe is unacceptable. I met my husband on a dating app. And I can’t entirely disagree with Time calling me narcissistic, entitled, overly confident, and lazy.

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Report: Strategic Payment Investments Give FIs, FinTechs Innovative Payment Options

PYMNTS

There is no denying that the COVID-19 pandemic has rapidly accelerated the global shift toward digital commerce. Safety-minded consumers the world over can now be seen tapping contactless cards, scanning QR codes or utilizing voice ordering technologies to make purchases without potentially putting themselves or others at risk of contracting the virus.

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CFPB sues California debt-settlement firms for taking illegal advance fees

CFPB Monitor

Last week, the CFPB filed a lawsuit in a California federal district court against Performance SLC LLC, Performance Settlement, and Daniel Crenshaw, the owner and CEO of the two companies. Performance SLC is a debt-settlement company focused on federal student loan debt, and Performance Settlement is also a debt-settlement company. The complaint alleges that Performance SLC and Crenshaw violated the Telemarketing Sales Rule (TSR) by charging illegal advance fees to student loan borrowers seekin

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JP Morgan: Treasury Innovations Accelerate Digital Transformation

PYMNTS

The great digital shift has exposed some glaring inefficiencies in corporate back offices. Treasury departments need to modernize as they grapple with the pandemic — streamlining the way cash is handled, how strategic decisions about cash flow are crafted and how payments are made. The trend is away from paper, but true digitization does not stop there.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

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Afterpay ramps up for the holidays with cross-border POS credit

Payments Source

The cross-border e-commerce market is set to pass the $1 trillion mark in 2020, providing a huge addressable market for Afterpay's buy now, pay later expansion.

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Wells Fargo Seeks Bidders For Private-Label Credit Card Unit

PYMNTS

Wells Fargo & Co is seeking to sell its private-label credit card and point-of-sale (POS) financing unit as part of an ongoing strategic review of its businesses. The banking group has started reaching out to possible bidders, but still hasn’t made a definitive decision as to whether it will actually sell the unit, which specializes in store-branded credit cards, according to a Bloomberg report.

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Citi sees quick results from True Name cards for trans, nonbinary consumers

Payments Source

The response exceeded expectations, with more than 1,600 Citi customers requesting a name-change on their cards within the first few weeks of the program.

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Bitcoin Daily: BitPay Unveils Crypto Mass Payout Service; BOE: Stablecoins Not Fit For Wide Use

PYMNTS

Crypto payment services provider BitPay has unveiled a new mass payout offering, BitPay Send, which lets entities of different sizes make payments to workers, clients, affiliates, suppliers, contractors and others with digital currency, according to a Thursday (Nov. 12) announcement. AdGate Media is among the first firms to harness BitPay Send, the announcement noted.

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The State of Automation in Financial Services 2024 Report

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

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It may not look like the U.S. needs real-time payments. But it really does.

Payments Source

Our collective work on the real-time payments front is not for naught. That is because the consumer and business needs are evolving, says Bottomline's Jessica Cheney.

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Amazon Expands Key In-Garage Delivery To 4K US Cities; Moves To Include Food Delivery

PYMNTS

Amazon said on Thursday (Nov. 12) that it is expanding its Key In-Garage Delivery service to Prime members in more than 4,000 cities across the U.S. Prime members will be able to accept deliveries in their garages using a myQ smart garage opener system that links to Key. Customers can then select free in-garage delivery when placing Amazon orders. Delivery notifications can be viewed through the Key by Amazon app or the Amazon mobile app.

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The case for cloud when WFH

Bobsguide

As countries across Europe return to lockdown, the world’s global banking giants are sending their staff home. Many of the top banks have publicly announced plans to return workers to the kitchen table or the bedroom desk after a brief period of allowing the option to work in the office. And.

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Afterpay Rolls Out BNPL Cross-Border Pay For Merchants

PYMNTS

Buy now, pay later (BNPL) firm Afterpay has introduced new cross-border options for merchants to sell their products to consumers in Australia, New Zealand, the U.K. and Canada, according to a press release emailed to PYMNTS. In addition, the company plans to allow global merchants to sell to U.S. shoppers with installment payments next year, the release stated.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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.

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Biden transition announces members of agency review teams

CFPB Monitor

The Biden transition has announced the members of its agency review teams. The team leaders include the following individuals: CFPB. The team will be led by Leandra English , who is currently with the New York Department of Financial Services. As our blog readers may recall, Ms. English was appointed CFPB Deputy Director by former CFPB Director Cordray upon his departure from the Bureau.

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Freelance-Worker Banking App Lili Sees 700 Pct Boost During Pandemic

PYMNTS

Many businesses have benefited from the digital shift and lifestyle changes brought on by the coronavirus, but few have seen the kind of growth that the freelancer-banking app Lili has since the traditional economy went dark in March. “We have seen a huge uptick in volumes ever since the COVID started — a 700 percent increase in volumes and account openings,” Lili Co-founder and CEO Lilac Bar David told PYMNTS in a recent interview.

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Belarus tells banks to seize money raised to help out protesters

TheGuardian

Money frozen in accounts of people who were hoping to use it for treatment or to pay fines Authorities in Belarus have ordered banks to seize money raised in small donations and paid out as compensation to victims of a police crackdown on protesters. The funds were transferred to people who were beaten or fined after taking part in ongoing demonstrations against the regime of Alexander Lukashenko.

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Instacart IPO Could Come Early 2021 With $30B Valuation

PYMNTS

Instacart is reportedly preparing for an initial public offering (IPO) led by Goldman Sachs , according to Reuters , which cited people “familiar with the matter.”. The IPO could value the delivery app at about $30 billion and could be announced early in 2021, Reuters reported. Instacart’s IPO could be one of the biggest of the year, according to news from October, when reports that the company could go public first surfaced.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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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TBT: Grateful Act of Congress

Matt Wilcox Pro

Marketing had a good deal to do with establishing Thanksgiving on the fourth Thursday of November. With the holiday around the corner, this seems like a good time to revisit the controversy. (Yes, there was one.) Originally posted November 20, 2017. THE FOURTH THURSDAY of November is a legal holiday in the United States. Designated […].

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Digital, Physical Commerce Merging Into New Shopper Experiences

PYMNTS

For all of the data and analytics capabilities out there, it’s surprising the level of disconnects that persist between what consumers want from the payments experience and what various vendors think they want. The PYMNTS Global Digital Shopping Index U.S. Edition done in collaboration with Cybersource , based on surveys of nearly 2,200 U.S. consumers and 500 U.S. merchants, finds that this a moment of truth for physical retailers as they seek to keep their seat at the commerce table.

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Retiring Market President Steve Christiansen Reflects on Nearly 30 Years with Merchants

MerhantsBanks

Steve Christiansen started his financial career in 1979 before coming to Merchants Bank in 1990. Steve spent time as a Commercial Banker, a Business Development Officer and most recently the Market President for our Onalaska and La Crescent branches. He also served as a Board Member for four years. After nearly 30 years of service […].

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Regulation Crowdfunding Tackles The Startups Shunned By Banks

PYMNTS

Government-backed loan schemes like the Paycheck Protection Program (PPP) connected vital capital to small- to medium-sized businesses ( SMBs ) in need of aid to stay afloat. While helpful, the availability of affordable financing for SMBs is not necessarily typical of a market in which smaller firms can struggle to access funding. And when federal funding runs dry, SMBs will continue to need financing to remain viable and thrive in a post-pandemic market.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

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.