PYMNTS

DECEMBER 27, 2020

The highly competitive streaming-audio industry could be starting the New Year with some consolidation, a new report suggests. Jack Dorsey — the billionaire CEO of Square and Twitter — is said to be interested in buying TIDAL , the audio service owned by billionaire music legend Jay-Z. Unnamed sources told Bloomberg that the outspoken Dorsey has been seen with Jay-Z and his singer-wife Beyonce recently, and is reportedly interested in adding a music feature to payment platform Square’s growin

Video 349

Video New York Industry Report 349

Payments Source

DECEMBER 27, 2020

During the crises, most of the investment is going toward mature fintechs, creating more challenges for startups, says Global Processing Services' Richard Hodgson.

Fintech 103

Fintech Payments Mobile 103

PYMNTS

DECEMBER 27, 2020

The second trial of digital yuan by the People's Bank of China has concluded, resulting in hundreds of thousands spent on eCommerce retail, food delivery and ride-sharing, The Wall Street Journal (WSJ) reports. The trial began earlier in the month as authorities handed out 20 million digital yuan, or $3.1 million, to local residents of Suzhou from a lottery.

Retail 311

Retail Payments Fintech Online 311

Current

DECEMBER 27, 2020

Current, a leading U.S. challenger bank serving Americans overlooked by traditional banks, announced it will be crediting all stimulus funds received from the second round of government stimulus payments as soon as we receive it from the government for all eligible members and expect to again be the first fintech in the country to receive the payments When the first round of stimulus payments was issued in April with passage of the CARES Act, Current was the first fintech in the country to recei

Payments 89

Payments Fintech 89

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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

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PYMNTS

DECEMBER 27, 2020

Sales of PCs, defined as computers with keyboards, stormed back in 2020, Reuters reported. Credit the sudden need for remote-work and -study options as COVID-19 took hold. Manufacturers remain months away from filling existing orders, the news service reported. “The whole supply chain has been strained like never before,” Gregg Prendergast , Pan-America president at Acer Inc., told Reuters.

America 282

America Study Report Technology 282

PYMNTS

DECEMBER 27, 2020

There’s nothing new under the sun, goes the saying. There are just new ways to take it public. As 2020 sunsets, we’ve seen all manner of listings, including previously less-prevalent ones that, in a year like no other, outperformed traditional initial public offerings in terms of dollars raised. As for the overall numbers: Bloomberg reported that U.S. firms alone raised more than $435 billion, far outpacing the $279 billion raised in 2014, the previous annual record.

New York 270

New York US Examples Training 270

American Banker

DECEMBER 27, 2020

In 2020, the news in Washington was dominated by the regulatory impact of COVID-19 and presidential politics. There was also a new rule changing how national banks will be examined under the Community Reinvestment Act, and the 10th anniversary of Dodd-Frank. Here is a look back at stories from the past year.

Policies 42

Policies Washington Community National 42

PYMNTS

DECEMBER 27, 2020

Grubhub drivers are fuming over a new company policy that has led to dramatically reduced tipping, the Financial Times reported, citing exchanges with drivers and posts by other drivers on the Reddit social media platform. In November, California voters, by a margin of about 58 percent to 42, adopted Proposition 22, which overturned a fairly young state law that made it harder for companies to deploy gig workers without classifying them as “employees” and providing the benefits employees receive

California 269

California social media Policies Company 269

The Financial Brand

DECEMBER 27, 2020

As banking executives define their 2021 goals, they must commit to improving digital experiences, leveraging data and honing human skills. The post 3 Resolutions for Digital Banking Success in 2021 appeared first on The Financial Brand.

Digital Banking 43

Digital Banking Branding Data Big Data 43

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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

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PYMNTS

DECEMBER 27, 2020

The price of bitcoin has passed $28,000 on Sunday (Dec. 27) just hours after also passing $27,000 for the first time, according to the NASDAQ. In a continuing showing of the strength of the cryptocurrency, bitcoin is now valued at $500,000, according to the report. The rise of the currency's value has been surging just over the past holiday weekend, breaking $25,000 on Friday (Dec. 25) and then $26,000 on Saturday (Dec. 26).

Bitcoin 254

Bitcoin Miami cryptocurrency ATM 254

The Financial Brand

DECEMBER 27, 2020

Blending tech from video and group chat to chatbots can bridge the gap between routine conversations and more sensitive financial inquiries. The post Complete Conversational AI Solution Keeps Eluding Financial Institutions appeared first on The Financial Brand.

Video 43

Video Branding Groups Customer Experience 43

PYMNTS

DECEMBER 27, 2020

PayPal has dropped its bid to acquire bitcoin wallet purveyor BitGo but remains interested in investing in the cryptocurrency space, Fortune reported. PayPal’s pursuit of BitGo became public in October, though neither company would confirm they were holding talks. At the time, according to Bloomberg in a contemporaneous report, proponents of a deal were suggesting such a move would help PayPal grow in the digital coin realm.

Report 245

Report cryptocurrency Bitcoin Taxes 245

The Financial Brand

DECEMBER 27, 2020

Chatbots may one day dominate CX, but for now these centers are essential for both sales and service as branch interactions trend lower. The post Why Contact Centers Are a Key Part of a Human+Digital Banking Strategy appeared first on The Financial Brand.

Strategy 42

Strategy Digital Banking Trends Branding 42

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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.

Lending

PYMNTS

DECEMBER 27, 2020

Financial regulators in China are moving to curb the influence of Jack Ma 's Ant Group by telling it to switch focus back to its mainstay payments business while fixing issues in personal lending, wealth management and more, The Wall Street Journal (WSJ) reports. The People's Bank of China criticized Ant on Sunday (Dec. 27) for how it treated competitors and consumers and also seemingly disregarded regulations.

Groups 225

Groups Regulation Payments Lending 225

PYMNTS

DECEMBER 27, 2020

A Brexit deal has been reached between the U.K. and European Union (EU), which will help to define the future relations of the two entities, The Wall Street Journal (WSJ) reports. “So we have finally found an agreement. It was a long and winding road, but we have got a good deal to show for it. It is fair. It is a balanced deal and it is the right and responsible thing to do for both sides,” European Commission President Ursula von der Leyen said in a press conference after the deal was announce

Regulation 213

Regulation Conference Fintech Report 213

PYMNTS

DECEMBER 27, 2020

The suspected Russian hackers who penetrated important U.S. government networks by hijacking the system information technology vendor SolarWinds Corp. used to update customers’ software also used Microsoft resellers’ systems to break into their clients’ systems, Reuters reported, citing investigators. Crowdstrike Holdings Inc. , a security firm, on Thursday said its unidentified software vendor had been comprised and hackers used the access try to read Crowdstrike’s internal email, Reuters repor

Report 211

Report Security System Software 211

PYMNTS

DECEMBER 27, 2020

The Chinese government’s previously announced antitrust investigation of Alibaba Group Holding Ltd. is focusing on whether the internet giant refused access to its online marketplace to vendors that also wanted to sell elsewhere, according to an official Chinese government website. China’s State Administration for Market Regulation posted a notice on its website Thursday (Dec. 24) stating that it was looking into whether Alibaba had improperly engaged in a practice the Chinese call “er xuan yi,”

Regulation 206

Regulation Marketing Groups Report 206

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PYMNTS

DECEMBER 27, 2020

Holiday sales rose this year compared to last but failed to meet many analysts’ expectations and were especially disappointing for brick-and-mortar operators, according to a variety of data sources. Mastercard SpendingPulse , whose data reflects electronic, cash and check purchases, reported sales for goods other than gasoline and automobiles were up 2.4 percent from Nov. 1 - 24, which the data provider described as the traditional holiday shopping period.

Retail 184

Retail US Data Analytics 184

PYMNTS

DECEMBER 27, 2020

President Donald Trump has signed a sweeping $900 billion pandemic relief bill on Sunday night (Dec. 27), The Wall Street Journal (WSJ) writes, averting a government shutdown and allowing millions of Americans help as the pandemic continues through the new year. There was uncertainty over whether Trump would sign the package for the past several days after he announced objections to the bill passed by Congress last week.

Video 293

Video Payments Report 293