Perficient

JULY 21, 2020

This series was written with joy by Grayson Harden, Mary Claire Freese, & Rebekah Williamson. Don’t miss out on our previous blog post, Starting Your Career Remotely: Thoughts and Tips from Perficient’s Newest Colleagues. Wrapping Up: Q&A and Takeaways from Our Interns & Associates. Our 10-week Boot Camp training program is coming to a close this week, and though we are sad to see our interns leave, we are lucky to have had such solid team this summer.

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Training Atlanta US Technology 515

Payments Dive

JULY 21, 2020

Wells Fargo is looking to focus its digital banking strategy as it emerges from the COVID-19 lockdown and completes an organizational restructuring.

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Digital Strategies Strategy Digital Banking 348

Perficient

JULY 21, 2020

The COVID-19 pandemic was always likely to be a talking point at Microsoft Inspire. Microsoft didn’t shy away from it either, acknowledging immediately that this year was a little different. The keynote speakers on Day 1 of Inspire – Microsoft Corporate Vice President of Commercial Partners, Gavriella Schuster, Microsoft Executive Vice President of Worldwide Commercial Business, Judson Althoff, and Microsoft Corporate Vice President of Consumer and Device Sales, Nick Parker – didn’t lament the d

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Chris Skinner

JULY 21, 2020

Well, I’m actually not. But there are a few out there and they’ve ganged together to create Millionaires for Humanity. The aim of this group is to get governments to tax them more. High Net Worth Individuals (HNWI) and Ultra High Net Work Individauls (UHNWI) are those two groups who … The post Tax me, I’m a millionaire appeared first on Chris Skinner's blog.

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Taxes Groups 311

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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

Lending

PYMNTS

JULY 21, 2020

Crypto boosters have spent the better part of the past decade promoting the idea that great fiat-currency disruptions are coming care of blockchain and literally hundreds of thousands of variations of cryptocurrency circulating in the world today. Crypto enthusiasts proclaim that you can front the best-known players like bitcoin or the most obscure blockchain-backed currencies circulating the world and tap into the future of money.

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cryptocurrency blockchain Bitcoin Examples 318

PYMNTS

JULY 21, 2020

Spotify Technology on Tuesday (July 21) augmented its big push into podcasting with a major new offering, as the music streaming service announced plans to let select creators roll out videos along with their core audio offerings. Promising a “visual and audio feast,” Spotify said that both free and paid subscribers will now have access to “video podcasts” from the creators of podcasts like Book of Basketball 2.0 , Fantasy Footballers , Misfits Podcast , H3 Podcast , The Morning Toast , Hig

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Video Apple Mobile Technology 261

Bobsguide

JULY 21, 2020

Automation was once embraced wholeheartedly by reconciliation departments as companies leaped at the opportunity to integrate the latest efficiency driving technology – everyone was a reconciliations superstar, focused on bringing about change and improvement. However, in more recent times.

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Technology Company 183

PYMNTS

JULY 21, 2020

Western Union has signed a deal with TrueMoney , a Philippines financial services provider, the global cross-currency money mover and payments company announced on Tuesday (July 21). Terms of the deal were not disclosed. The collaboration will allow customers to get cash at select TrueMoney locations identified by Western Union signs. The service will eventually be available at more than 5,000 locations in the Philippines.

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Denver Washington Groups Operations 246

Bobsguide

JULY 21, 2020

Lawyers for the Financial Conduct Authority (FCA) presented inconsistencies in UK insurers’ cases this morning during the second day of the High Court test case to determine whether insurers must pay out for coronavirus business interruption. “What we have here is insurers.

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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

Report

PYMNTS

JULY 21, 2020

Capital One reported on Tuesday (July 21) that its credit card business shrank during the second quarter, but that delinquencies fell despite the pandemic. “The impacts of the COVID-19 pandemic drove second-quarter results across all of our business segments,” Richard Fairbank , Capital One’s founder, chairman and CEO, said in an earnings call with analysts.

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Cards Capital Survey Report 240

Bobsguide

JULY 21, 2020

Following Wirecard’s failures, market participants have raised flags around the Financial Conduct Authority’s (FCA) regulations on firms safeguarding client funds and managing prudential risk. Luc Gueriane, chief commercial officer at Moorwand and former head of business development.

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Regulation Management Marketing 113

PYMNTS

JULY 21, 2020

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. The European Union’s financial authorities are monitoring how the pandemic may be affecting banks’ and FinTechs’ compliance with rules such as the General Data Protection Regulation (GDPR) and the revised Payment Services Directive (PSD2), for example.

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Mobile Report America Regulation 229

Payments Source

JULY 21, 2020

The “new normal” of COVID-19-influenced retail is actively being exploited by fraudsters, as LexisNexis Risk Solutions finds fraud costs for U.S. retailers rising in 2020 by 7.3% over last year’s data.

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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

JULY 21, 2020

COVID-19 has hit the U.S. economy hard, but few areas were hit harder than small businesses. Roughly 90 percent of them are dubbed “microbusinesses,” which have fewer than 10 employees (and in many cases, just one). In spite of their small size, they play a critical role in both their local and national economies. As PSCU President and CEO Chuck Fagan told Karen Webster in a recent conversation, that’s why credit unions (CUs) are working hard to help microbusinesses survive the pandemic.

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Cards National Tools Innovation 208

Payments Source

JULY 21, 2020

Eric Grover, principal at Intrepid Ventures, talks to PaymentsSource senior editor Kate Fitzgerald about how the high-flying German fintech fell to scandal — and whether it could happen again.

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PYMNTS

JULY 21, 2020

The global pandemic’s emergence radically shifted the entire small- to medium-sized business (SMB) landscape almost overnight in terms of digitizing operations, according to Alex Burgin , vice president at Authorize.Net (a Visa solution), and Kirsten Potenza , CEO and founder of POUND – Rockout. Workout. The pair told PYMNTS in a recent conversation that merchants who thought of themselves as in-person service providers have been pushed into a big digital pivot.

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Payments Source

JULY 21, 2020

The coronavirus pandemic has exposed weaknesses even at well-established fintechs. They could become more resilient by partnering with traditional financial institutions.

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Fintech Community Bank Community Management 104

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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.

US

PYMNTS

JULY 21, 2020

Loews Hotels CEO Jonathan Tisch does not expect a return to significant national, international or business travel anytime soon, according to an interview he gave on CNBC ’s “Closing Bell.”. “It’s a challenge,” he said. “We were excited about reopening hotels … but sadly we are in states that are spiking so the numbers that we were starting to feel good about are reversing.

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Taxes Survey New York Security 189

CFPB Monitor

JULY 21, 2020

This past Friday, the CFPB filed a declaration with the Fifth Circuit in which Director Kraninger stated that she has ratified the Bureau’s enforcement action against All American Check Cashing. On July 10, the CFPB filed a similar declaration with the Second Circuit in RD Legal Funding, another circuit court case involving a challenge to the Bureau’s constitutionality that was put “on hold” pending the Supreme Court’s decision in Seila Law.

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PYMNTS

JULY 21, 2020

Global identity verification provider Trulioo has expanded its services to Vietnam with the GlobalGateway marketplace, according to a press release. GlobalGateway provides identity verification services in over 100 countries including Malaysia, the Philippines, Singapore and Thailand. The service is intended to help businesses automate their customer onboarding processes, powering fraud prevention and compliance for numerous financial institutions, payment companies, banks and other such institu

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Guidelines Compliance Fraud Security 181

ATM Marketplace

JULY 21, 2020

Since the start of the COVID-19 pandemic, most traditional ATM and bank branch customers, especially those who never shopped online before, turned to online payments out of necessity for everything from groceries to gifts. A major concern of these consumers was, and is, data security. Is their information safe online? How is it being protected?

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Security ATM Payments Online 96

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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.

Compliance

PYMNTS

JULY 21, 2020

With accounts payable (AP) solutions increasingly paying attention to supplier needs, commercial card technologies have expanded their focus on both the AP and accounts receivable (AR) side of B2B transactions. This week’s look at the convergence of AR and AP finds American Express and others wielding corporate card technology to tackle friction through offering choice, integration and flexibility.

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Cards Los Angeles Tools Payments 177

TheGuardian

JULY 21, 2020

Banking group to remain headquartered in Edinburgh, but drops Scotland from title Royal Bank of Scotland has formally changed its name to NatWest Group on Wednesday, removing Scotland from the name of the lender’s parent company for the first time since it was founded in Edinburgh in 1727. The banking group remains headquartered in the city, and the name change will not affect RBS bank branches, most of which are in Scotland, or Ulster Bank locations in Northern Ireland.

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PYMNTS

JULY 21, 2020

A panel established to grow the United Kingdom’s (UK) financial technology (FinTech) sector plans a review of the industry to identify opportunities for growth, the government announced Tuesday (July 21). “The UK is one of the leading places in the world to start and grow a FinTech firm, and I am determined to ensure this continues,” said John Glen, the nation’s Economic Secretary to the Treasury, in a statement.

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CFPB Monitor

JULY 21, 2020

The CFPB recently filed suit in the Central District of California against Texas-based GST Factoring Inc. and two of its owners, along with Champion Marketing Solutions, LLC (“CMS”), its owner, and four separate attorneys. In its complaint, the CFPB alleged that defendants violated the Telemarketing Sales Rule (TSR) prohibition on receiving advance fees for debt-relief services sold via telemarketing.

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California Marketing Texas Training 78

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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.

Lending