Chris Skinner

FEBRUARY 25, 2020

I know a few of you have spotted that I have a regular theme these days about sustainable finance, purpose-driven banking, the climate emergency and more. It’s a reflection of the world at large and how people like Greta Thunberg and Sir David Attenborough are making our views of the … The post Customer and employee activism will change banking even if the banks don’t want to change appeared first on Chris Skinner's blog.

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Payments Dive

FEBRUARY 25, 2020

Intuit announced its highly anticipated $7.1 billion acquisition of Credit Karma, a move that will create a personal finance powerhouse that can help financial institutions create targeted product offers for users of the platform.

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Bank Innovation

FEBRUARY 25, 2020

LenderClose, a platform that consolidates data sets for loan underwriters, is using a new round of funding to more than double its team by the end of the year. The company announced the round last week, and although it is still finalizing the amount with investors, founder and CEO Omar Jordan estimated the funding at […].

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Payments Dive

FEBRUARY 25, 2020

Shares of the fast casual chain were down sharply in pre-market trading after the company missed revenue estimates, reported weaker same-store sales and warned that the conversion to exclusive food delivery through Grubhub was being rolled out on a market-by-market basis.

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Marketing Report Company 249

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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

How To

Bank Innovation

FEBRUARY 25, 2020

Houston-based Gulf Capital Bank recently completed a capital raise of $93 million. With the funding, the bank plans to invest in its digital capabilities, providing services that include mobile deposits, secured and unsecured commercial loans, letters of credit and consumer loans. Bank CEO Ed Jones wants Gulf Capital to model community banking relationships, in which […].

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Bank Innovation

FEBRUARY 25, 2020

Intuit, the business and financial software company behind TurboTax, QuickBooks and Mint, plans to buy personal finance platform Credit Karma for $7.1 billion, the companies announced this week. The deal, according to Intuit, will allow Credit Karma to zero in on creating a “financial identity” for customers and allow their data to be used for […].

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PYMNTS

FEBRUARY 25, 2020

Dubbed “challenger banks” for shaking up the status quo of banking as we’ve always known it, digital banks with awesome apps are the FinTech alternative to more staid financial institutions whose roots go deep, but may also seem a bit dazed by the pace of tech change to the their sector. A look at the February PYMNTS Provider Ranking of Digital Banking Apps tells the story of who’s in the lead and who is charging up to take a better position in this competitive new arena.

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Payments Source

FEBRUARY 25, 2020

Mastercard wants to build confidence in open banking by addressing regulatory compliance, liability, and technology integration issues on behalf of its issuers and fintechs.

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PYMNTS

FEBRUARY 25, 2020

Retailers are facing a personalization paradox. Recent studies are showing counter trends right now that are proving the adage that consumers want what they want — even if it’s a contradiction. That paradox is evident between the appeal of personalization and a stepped-up need for privacy. It’s illustrated in a new report from Episerver , which shows that personalized messaging can be a deal creator or deal breaker for consumers.

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Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.

New York

Bobsguide

FEBRUARY 25, 2020

The market remains at odds over the dissemination of unique transaction identifiers (UTIs) for Securities Financing Transactions Reporting (SFTR). Some banks are pushing for their counterparties to be connected to specific UTI exchange platforms to consume UTIs directly. But because of the work.

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Security Marketing Report 109

PYMNTS

FEBRUARY 25, 2020

Mastercard has expanded its partnership with Rakuten Viber to bring peer-to-peer (P2P) payments to Romania via Moneytou, which makes transferring money easy, quick and secure, Mastercard announced on Tuesday (Feb. 25). Moneytou harnesses the Mastercard Send platform to authorize real-time money transfers to any eligible card. Mastercard Send lets users send and receive money how, where and when it is convenient for them.

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Payments Source

FEBRUARY 25, 2020

Michael Miebach was already a major cog in Mastercard’s digital transformation and dealmaking, a path that will take him to the company’s top job when current president and CEO Ajay Banga transitions to executive chairman at the end of the year.

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PYMNTS

FEBRUARY 25, 2020

Silicon Valley-based micromobility startup Bird is launching an in-app payments feature that enables its electronic scooter (eScooter) riders to buy from local merchants, Bird announced on Tuesday (Feb. 25). . Bird Pay links its riders with local businesses to help drive purchases. The new payments feature is currently being trialed with select merchants in Los Angeles and Santa Monica. .

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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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Payments Source

FEBRUARY 25, 2020

London-based Checkout.com views the acquisition of ProcessOut and its data analytics platform as a complement for its end-to-end payments service, as it seeks to build strength in the European market and eyes further expansion into Asia Pacific.

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Analytics Data Marketing Payments 104

PYMNTS

FEBRUARY 25, 2020

Mastercard said in a statement Monday (Feb. 24) that the coronavirus outbreak could hurt its revenues this year and that caused the company’s shares to dip on the news. The company said cross-border travel and cross-border eCommerce growth were both factors hit by the coronavirus. Mastercard anticipated its growth in the first quarter to be two or three points lower than what they previously expected.

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Payments Source

FEBRUARY 25, 2020

When we take advantage of new products and services, we frequently offer up our data as a cost to entry. In doing so, we are putting our trust in the organizations behind these innovations, says Interac's Debbie Gamble.

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PYMNTS

FEBRUARY 25, 2020

B2B payments’ innovation trajectory continues to accelerate as more end-point solutions emerge to improve the vast number of friction points in the industry. New technology solutions are stepping onto the market to help automate accounts receivable, accounts payable and the act of supplier payments, as well as other processes surrounding these fields, like trade finance, cash flow management and accounting.

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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

ABA Community Banking

FEBRUARY 25, 2020

Given their extraordinary and unnecessary tax benefit, large credit unions should be held accountable for meeting the needs of the very communities they were created to serve in the first place. The post How Large Credit Unions Are Failing to Meet Their Mission, and How Congress Can Fix It appeared first on ABA Banking Journal.

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PYMNTS

FEBRUARY 25, 2020

As Walmart aims to grow profits at its online shopping business and cut discord between units, the retailer is bringing together its store and eCommerce product-buying teams, The Wall Street Journal reported. Manufacturers that sold items in Walmart’s physical locations and on Walmart.com had to pitch two distinct buying teams, and groups sometimes had discordant opinions over pricing differences between in-store and online products.

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Payments Source

FEBRUARY 25, 2020

"We need to move forward to work out what a potential CBDC might look like and how it could be managed, if the decision were ever taken to issue one," Deputy Gov. Tim Lane said, according to the text of remarks to be delivered Tuesday in Montreal.

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Management 83

PYMNTS

FEBRUARY 25, 2020

The parliament in Taiwan has approved a $2 billion stimulus package to help soften the effects of the coronavirus on the region’s economy, according to Reuters. Taiwan is heavily export-reliant, so the virus has affected it in a significant way. The money will help small businesses and tour agencies, as well as provide tax cuts for tour bus drivers.

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Exercises Taxes Maine Online 163

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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

Payments Source

FEBRUARY 25, 2020

The Payment Card Industry data security standard applies to organizations of all sizes, but has often been seen as an intro to data security for small-business owners who know more about cooking burgers than securing data.

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Security Data Cards Industry 89

PYMNTS

FEBRUARY 25, 2020

To support scam victims, the Federal Trade Commission (FTC) will start to send refunds of over $1.7 million to consumers who fell victim to a tech support scam, the agency said in a press release. The scheme convinced consumers to purchase tech support services by saying their computers had malware, viruses or other types of security bugs. The FTC will start to provide 57,960 refunds with an average of approximately $30 to each of the scam’s victims.

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Payments Source

FEBRUARY 25, 2020

Cash may be sharing its place on the throne with other payment options, but is certainly not going away soon, says Cashmaster International's Gordon McKie.

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Payments 83

PYMNTS

FEBRUARY 25, 2020

While the concept of a brand having a “voice” is not a terribly new idea, before this month it was more metaphorical and mostly a synonym for “style.” But the concept of brand voice took a turn for the literal this month with Amazon’s latest rollout from Amazon Polly — an AWS product that heretofore supplied neural network-based text-to-speech services that allowed businesses to add realistic voices to their applications.

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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