Chris Skinner
MARCH 12, 2020
Woke up with a sore throat, stuffed nose and cough. OMG, have I got the coronavirus???? After President Trump’s ban on Europeans last night, the coronavirus madness continues. I know that coronavirus is boring – as it’s non-stop in the news, media, office and coffee shop – but it goes … The post When the world stops, did you want to get off? #coronavirus appeared first on Chris Skinner's blog.
Accenture
MARCH 12, 2020
The expectations of customers when it comes to payments have changed radically in recent years. Payments that are instant, invisible and free (IIF) have quickly become the norm, especially in certain segments of the market like airlines, fashion retail, hotels and online travel agents. Non-IIF payments options in these segments and others have all but….
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Bank Innovation
MARCH 12, 2020
Fintech startups looking to upend how Americans do their banking are facing their first major test as interest rates fall and fearful consumers seek safety at traditional banks. Square Inc. and Stripe Inc., mobile payments companies founded after the 2008 financial crisis, and digital banks including Chime Inc. and MoneyLion have never experienced a major […].
Accenture
MARCH 12, 2020
Trade finance has long been of vital importance to the world economy. However, over the last few decades, its role in globalization has grown significantly. Indeed, technological innovation, shifts in corporate behavior, regulatory changes and increasing market competition are fundamentally changing the trade finance market. With an expected increase in the compound annual growth rate….
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 12, 2020
The impact of the novel coronavirus and the economic shockwaves from the stock market downturn and associated travel and work restrictions are yielding unresolved questions for startup founders and investors alike. Long-term bets are facing new scrutiny, and prospects of healthy returns are facing new obstacles. At issue is whether investors have confidence that their […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
MARCH 12, 2020
There seem to be countless sources of collateral damage associated with the unexpected appearance of COVID-19 in early 2020 – the shutdown of production in China, the ripples through the global supply chain, the virtual zeroing out of the travel and events vertical and the carnage on Wall Street. The uncertainty injected into the market, as Ning Wang, co-founder and chief business officer at PingPong , told Karen Webster in a recent conversation, is having undeniable effects worldwide – which ar
Bank Innovation
MARCH 12, 2020
Splitit, a payments company that divides purchases into installments on customers’ existing cards, announced a partnership with Visa last week. With the partnership, Splitit can remind Visa cardholders through their card statements that their Splitit payments are part of an installment plan. “[The partnership] provides a better customer experience to the cardholders and the merchants,” […].
Accenture
MARCH 12, 2020
We all know the industry is rapidly moving to digital. The evidence from Accenture’s 2019 banking market research suggests that we have indeed moved into a period of volatility and industry change, and that digital maturity is at least one of the factors that will separate future winners from losers. The question facing all but…. The post Selecting the right digital technology for core banking transformation appeared first on Accenture Banking Blog.
PYMNTS
MARCH 12, 2020
Faster payments are only one example of the effects of a world moving toward real-time everything, with growing customer demands driving change in the way banks and businesses operate themselves. As such, the consequences of real-time payments aren’t solely impacting consumers’ peer-to-peer ( P2P ) transaction activity. Indeed, services like Zelle and The Clearing House’s RTP are impacting, both directly and residually, financial processes of banks, small- to medium-sized businesses (SMBs)
Advertisement
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
Bobsguide
MARCH 12, 2020
Despite extreme economic uncertainty, policy makers continue attempts to regulate artificial intelligence (AI) as tech vendors adapt to the latest guidelines set by the European Commission last month, calling for a European AI strategy. Legal counsels are advising small fintechs and companies.
PYMNTS
MARCH 12, 2020
Open banking and bank-FinTech collaboration can be an effective way for financial institutions (FIs) to launch new digital products. But the latest initiatives reveal a growing interest in transforming internal processes, particularly among smaller banks looking to upgrade their core infrastructure and elevate small business lending operations. Below, PYMNTS rounds up the latest tie-ups and data sharing efforts as institutions explore how open banking models might accelerate their modernization
Payments Source
MARCH 12, 2020
Cash use will suffer because of this outbreak, and there are factors other than germs contributing to this trend. A growing work-from-home workforce will funnel more shoppers into digital channels, including ones they may have never tried before.
PYMNTS
MARCH 12, 2020
Amazon’s VP of Delivery Experience Maria Renz is quitting the firm after more than 20 years and is heading over to digital lender Social Finance (SoFi), The Wall Street Journal reported on Thursday (March 12), citing sources. Renz started working for the eCommerce giant in 1999 when Amazon was just five years in the making. She was promoted numerous times, and from 2015 to 2017 she was the first female technical adviser to Jeff Bezos , Amazon’s founder, chairman and CEO.
Advertisement
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
SWBC's LenderHub
MARCH 12, 2020
In the past ten years, the country has made great strides towards economic recovery, and many millennials who entered the job and housing markets during the downturn have had a chance to pay down their student loan debt and advance in their careers, which means that they finally feel confident about owning a home. In fact, homeownership rates among people in their late 20’s and early 30’s are two to four times higher than any other age group. 1.
PYMNTS
MARCH 12, 2020
Credit unions (CU) members have a reputation of being loyal to their financial institution (FI) — and not without reason. CU members, by and large, are happier than most financial consumers are with their primary FIs, with 88.5 percent saying they are very or extremely satisfied with their CUs’ performance. This compares to just 80.5 percent of non-CU members who say the same.
Bobsguide
MARCH 12, 2020
With markets teetering across the globe, firms are turning more to software providers to help mitigate the damage. BlackRock's proprietary software has become – perhaps - indispensible to many. Asset, Liability, Debt and Derivative Investment Network, or Aladdin, is the asset.
PYMNTS
MARCH 12, 2020
In an effort to prevent the spread of the coronavirus and safeguard its employees, some Starbucks locations are closing seating areas and restricting service to mobile and drive-through orders, according to a Thursday (March 12) letter to stakeholders from Kevin Johnson, Starbucks CEO. “This means that as we navigate this dynamic situation community-by-community and store-by-store, we may adapt the store experience by limiting seating to improve social distancing, enable mobile order-only scenar
Advertisement
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 12, 2020
JPMorgan Chase is planning to implement a staggered work-from-home plan for its New York-area employees to help slow the spread of the coronavirus. The plan applies to most corporate employees, but not to branch workers or traders.
PYMNTS
MARCH 12, 2020
The battle royale for share of wallet between eCommerce trailblazer Amazon and ultra-merchant Walmart rages on, as the latest PYMNTS Whole Paycheck Tracker data shows, with Amazon enjoying an early 2020 lead on the strength of a stellar Q4 earnings report. Contrariwise, the Bentonville behemoth missed analysts’ expectations for Q4 2019, which Walmart CFO Brett Biggs explained thusly: “The holiday season … wasn’t as good as expected due to lower sales volume and some pressure related to associate
Payments Source
MARCH 12, 2020
The increase in quarantined customers has forced food delivery companies to balance a potential boom in orders alongside the risk of spreading sickness to both customers and drivers.
PYMNTS
MARCH 12, 2020
The Internet of Things ( IoT ) is a phenomenon — so far, a bit of a limited one. Connected devices harbor the potential to bring commerce to endpoints where it never existed before. But right now, most firms that enable commerce are struggling to enable it across the IoT, narrow channels, defined as either online or offline. In an interview with Karen Webster, David Weidner, senior director of Pelion Market Development at Arm , said that that data combined with machine learning (ML) is the key f
Advertisement
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 12, 2020
In the tug-of-war between banks and third parties over who controls access to customer account data, payments are primed to play a key role as banks start to take action and regulators begin to weigh in.
PYMNTS
MARCH 12, 2020
Mastercard is partnering with Samsung to bring digital technology to emerging markets and accelerate connectivity and smart devices, Mastercard said on Thursday (March 12). With Mastercard’s Pay on Demand platform, people get improved access to financial services and other offerings, which drives financial inclusion and can bring about improved economic possibilities for individuals and businesses.
Matt Wilcox Pro
MARCH 12, 2020
Originally posted March 21, 2016 Maybe it was his red face. Maybe it was the steam coming from his ears. Either way, it was clear that Brent was worked up. Asked what was bugging him, Brent replied that, just the evening before, his neighbor said something rather insulting. “You’re in marketing?” the neighbor said. “So is [.
PYMNTS
MARCH 12, 2020
An agreement between Wipro and SAP promised in a press release to develop solutions for the retail and fashion markets. Wipro, which works in global information technology, and SAP, which specializes in retail merchandise management solutions, are teaming up with the hope of developing innovative tactics to help fashion companies using solutions like cloud technology to speed up payments.
Advertisement
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.
Expert insights. Personalized for you.
504 
Let's personalize your content