Perficient
JANUARY 6, 2021
Maintenance. A word that does not inspire many people. It implies either an undesirable task or an unwanted cost. But, is maintenance really a bad thing? In this post, we’ll discuss some of Asset Maintenance Management philosophies and how they can positively impact your everyday life. Types of Asset Maintenance. Asset Maintenance is broken down into the following types: Emergency Maintenance.
PYMNTS
JANUARY 6, 2021
In Mexico, the pandemic is moving the needle toward digital payments — specifically mobile payments — to become more widely embraced by businesses and consumers alike. Slowly. In an interview with PYMNTS' Karen Webster, Miguel Diaz , general director of payment systems and market infrastructures at the Central Bank of Mexico (Banxico), said that making and receiving payments across devices in an affordable manner, with faster payments infrastructure already in place, means that “every Mexican
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Perficient
JANUARY 6, 2021
Being recognized by Sitecore in this elite group of partners reinforces our broad skillset. Our team of technologists, analysts, and strategists have combined to deliver on Sitecore’s plan for supporting marketers in a content-driven world. The thoughtful combination of DAM, MRM, CMP, and PCM empowers marketers to manage all aspects of the content lifecycle and strategic planning.
PYMNTS
JANUARY 6, 2021
With no credit scores, limited financial transaction histories, and a huge amount of people who don’t even have a bank account, lending money in Vietnam is no simple task. While most financiers would run from an environment like that, CEO Toms Niparts of Jeff , an app-based lending platform based in Latvia, saw it as a huge opportunity. “We are only focused on Southeast Asian economies where financial inclusion is really a problem,” Niparts said in a recent chat with PYMNTS about his newly launc
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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
Perficient
JANUARY 6, 2021
We are in 2020 and are suffering from information overload for a while now. One solution for this is using an eye more to visualize information. So, we can see the patterns and connection that matters, or we can design that information, so it tells a story. Now so, how to be a Good Storyteller? So, don’t know have to be an old man with a deep voice near fireplace in order to be a great storyteller.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bobsguide
JANUARY 6, 2021
It is set to be a transformative year for payments say those in the industry. The pandemic will continue to have a huge impact, particularly in digital payments and open banking. While digital payments have grown over the past few years, they became an essential, as merchants and consumers.
PYMNTS
JANUARY 6, 2021
With the pandemic dramatically, and potentially permanently, altering the way business is done, the future of corporate travel remains uncertain. Industry executives are torn on when and how business trip spending will return. Bill Gates, for instance, predicts that half of business travel will entirely disappear, while Southwest Airlines CEO Gary Kelly anticipates it will be between five and 10 years before corporate travel bounces back, according to CNBC reports.
Payments Source
JANUARY 6, 2021
Financial Software and Systems Technologies is advancing its payments footprint in Europe through a partnership with Strong Customer Authentication platform provider Okay.
PYMNTS
JANUARY 6, 2021
The U.S. healthcare industry is plagued with two- and three-month billing delays and confusion about what is and isn’t covered by insurance. Scott LoPresti , chief operating officer of Rectangle Health , told PYMNTS in an interview that it’s a process ripe for improvement. “A product of the healthcare industry is that billing is still very much a paper process,” LoPresti said.
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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
JANUARY 6, 2021
In launching its new challenger bank brand, GO2bank, to take on Chime and others, Green Dot has taken the opportunity to lower the barrier to obtaining a secured card for the underserved.
PYMNTS
JANUARY 6, 2021
With businesses large and small increasingly turning their attention toward recovery efforts, the commercial credit card market is exploring ways to help their corporate card holders. As this week's Commercial Card Innovation Tracker reveals, the industry is increasingly showcasing the opportunity in value-added benefits and rewards, like cash back and partnership deals, to help organizations make their money go further.
Jack Henry
JANUARY 6, 2021
Happy New Year! This familiar wish resonates now more than ever before. Reflecting back on 2020, the community banking and credit union industries should be proud of how this unprecedented pandemic and resulting economic crisis was managed. It was a truly remarkable time in which we worked together to take care of our employees, serve and support our communities, and operate our businesses efficiently despite significant challenges.
PYMNTS
JANUARY 6, 2021
Petco will file its initial public offering (IPO) with a valuation of almost $4 billion, according to a registration statement filed with the Securities and Exchange Commission (SEC) Wednesday (Jan. 6). That will come with a price-per-share of $14 to $17. Petco has done well amid the pandemic, as people stuck at home during quarantine and afterward have needed supplies to help care for their pets.
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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
JANUARY 6, 2021
Security firm Intezer Labs is warning consumers using cryptocurrency wallet apps that a new malware strain is attacking and draining those wallets of crypto assets.
PYMNTS
JANUARY 6, 2021
Electric truck startup Rivian Automotive , which is backed by Amazon , is near to a new funding round which would value it at $25 billion, Bloomberg reports. That funding isn't final, though, and might change. Amazon, T. Rowe Price Group Inc. , BlackRock Inc. , Soros Fund Management , Coatue , Fidelity Investments and Baron Capital Group are among the company's existing investors, Bloomberg writes.
Payments Source
JANUARY 6, 2021
With people shopping online more than ever before, and a new group of consumers joining the online retail space, it’s become increasingly important for brands to connect their sales channels and embrace e-commerce, says Hatch founder and CEO Joris Kroese.
PYMNTS
JANUARY 6, 2021
The coronavirus crisis threw a wrench in many supply chains all over the world, with organizations and their third-party logistics providers still reeling from the disruption. In the U.K., for example, a perfect storm of pandemic lockdowns and Brexit has elevated both complexity and costs for freight shipping into the market, with recent Bloomberg reports noting the spot rate for last-minute shipments across the English Channel hit more than $4.56 per mile for a full truckload in the last week o
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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.
BankInovation
JANUARY 6, 2021
Green Dot today unveiled GO2bank, a new mobile banking app that spurred the company to invest heavily in automation functionality during its development. Specifically, the Pasadena, Calif.-based Green Dot developed new technology around automating direct deposit setup, Abhijit Chaudhary, senior vice president of direct-to-consumer products, told Bank Innovation.
PYMNTS
JANUARY 6, 2021
When applying for a personal loan, we like the process to be brief, efficient, no suspense. In that spirit we proffer the latest PYMNTS Provider Ranking of Personal Loan Apps , which gives an excellent vantage on this space at a glance, in part because so few apps make the cut. The Top 5. When last we checked in on personal loan apps, a catlike icon sat at the very top.
FICO
JANUARY 6, 2021
Posts dealing with debt collection were among the most popular on the FICO Blog last year, for obvious reasons. Fortunately, our bloggers stepped up with timely analyses of the challenges facing lenders in an era of payment holidays, furloughs and higher unemployment. They also offered perceptive tips for dealing with what they dubbed the “debt tsunami.”.
PYMNTS
JANUARY 6, 2021
The new Fiscal Outlook from the New York City Independent Budget Office finds that the COVID-19 pandemic has likely made it so the city's economy won't fully recover for years. The report released Wednesday (Jan. 6) noted that the recent beginnings of vaccine distribution could mean a more quick positive turn, although "this optimism is tempered by the knowledge that the city and the world are still treading in unknown waters, with much about the coming months to be determined by the course of t
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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.
American Banker
JANUARY 6, 2021
Acting Comptroller of the Currency Brian Brooks pushed back on a recommendation from a task force — appointed by Consumer Financial Protection Bureau — suggesting that Congress should give the CFPB the authority to charter and regulate fintechs.
PYMNTS
JANUARY 6, 2021
Twitter has acquired Ueno , a design agency, a blog post from company CEO and Founder Haraldur Thorleifsson stated. Thorleifsson said in the post that the company, which was founded in late 2013, first worked with Twitter in 2019, when a friend of his, Dantley Davis, who worked at Twitter, contacted him for help. "The next few months we worked to help establish a new vision and product strategy for one of the cornerstone teams at Twitter,” Thorleifsson said in the post.
CFPB Monitor
JANUARY 6, 2021
On December 23, 2020, New York Governor Andrew Cuomo signed into law S 5470 – B , which requires consumer-like disclosures for “commercial financing” transactions of $500,000 or less. New York’s commercial financial law (NYCFL) states that it takes effect on the 180 th day after becoming law, which is June 21, 2021. Coverage. The NYCFL defines “commercial financing” as “open-end financing, closed-end financing, sales-based financing, factoring transaction, or other form of financing, the
PYMNTS
JANUARY 6, 2021
The future of the post-pandemic loyalty program is digital and tailored, giving consumers relevant offers in real time, Mladen Vladic , senior vice president of loyalty solutions at FIS , told PYMNTS in an interview. Vladic said 2020 “in many respects was a transformational year because under that relentless pressure from the new customer realities, the payment space, the banking space, the retail space did new things overnight.”.
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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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