Accenture

NOVEMBER 5, 2020

Without a doubt, 2020 has been a year of disruption. It remains a challenging time for many, but as life with COVID-19 settles into a more routine experience, merchants are searching for more options to help keep their customers safe, their products available, and the economy moving. Around the world, merchants are responding to the…. The post Five cross-industry payments opportunities in the new normal appeared first on Accenture Banking Blog.

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Perficient

NOVEMBER 5, 2020

Since March 2020, the stakes have never been higher for your business to adapt and evolve. But how do you accelerate and scale your digital transformation cost-effectively? The answer – optimized global delivery. Follow this series and learn more about our nearshore software development capabilities from members of our global delivery team in Colombia.

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PYMNTS

NOVEMBER 5, 2020

As the B2B commerce landscape innovates, it is continually after that "Amazon-like" experience forged in the consumer commerce world. But for B2B vendors and suppliers, the unique needs of corporate customers cannot be ignored, making a consumer-like buying experience particularly complex. Pricing and payments are two key areas that tend to look vastly different in the B2B world than in the consumer arena.

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Perficient

NOVEMBER 5, 2020

I recently had the pleasure to host a virtual roundtable with a couple dozen senior executives from Global 2000 B2B manufacturing companies. The topic was “How Have You Accelerated Your Digital Transformation Strategy as a Result of COVID-19?”. As many know, Digital Transformation has been a hot topic in manufacturing for years. Most manufacturers had it in their ‘near-term’ plan, but COVID-19 has accelerated companies to prioritize it now.

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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

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NOVEMBER 5, 2020

The U.S. Department of Justice sued Visa on Thursday (Nov. 5) to block its planned $5.3 billion acquisition of Plaid, arguing that the deal would allow Visa to extend what the DOJ alleges is the company's control of the online debt market. “Visa seeks to buy Plaid — as its CEO said — as an ‘insurance policy’ to neutralize a ‘threat to our important US debit business,’” the Justice Department said in its lawsuit, filed in San Francisco federal court.

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PYMNTS

NOVEMBER 5, 2020

The COVID-era embrace of curbside pickup will not only be around long after the pandemic, but could be just the thing that convinces more and more consumers to make the digital leap. After all, Norm Marraccini , senior vice president of digital payments, ACH and RTP at FIS , told Karen Webster in a recent Masterclass interview that the formula is pretty simple: “We pull up.

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Jack Henry

NOVEMBER 5, 2020

Last week we discussed the origins of security information and event management (SIEM) cybersecurity solutions and where they have evolved with the expansion of machine learning and smarter systems. This week, we’ll explore how security orchestration automation and response (SOAR) solutions differ and can complement next-generation SIEM (NG SIEM) and build a powerful holistic cybersecurity tool.

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PYMNTS

NOVEMBER 5, 2020

There’s an old saying that asks, “Why buy the cow if you can get the milk for free?” But lately, in the case of Walmart , it’s more a case of “Why buy the robot if you can get some guy to do it for less?”. This in a week that has seen news reports that the world’s largest retailer has terminated its contract — and a 3-year-old automated shelf-stocking experiment — with San Francisco’s Bossa Nova Robotics , having found that existing “human” employees were able to do the same work just as well.

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Payments Source

NOVEMBER 5, 2020

India allowed Facebook Inc. to start operating its WhatsApp payments service in the world’s biggest open technology market.

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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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NOVEMBER 5, 2020

No one likes stockouts — certainly not consumers. Or the retailers who sell things to them. Increasingly, it looks like the pandemic is exacerbating friction inherent in supply chains — namely, bottlenecks. As spotlighted in this space recently, import activity has been surging , according to data from the Port of Los Angeles. As recently as September, the port said its processed cargo loads were up more than 13 percent from a year ago, which means the port had its busiest September and best qua

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Payments Source

NOVEMBER 5, 2020

Crypto played a key role in Square's 140% year-over-year growth in revenue for the third quarter — and 212% growth in gross profit for the Cash App alone.

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PYMNTS

NOVEMBER 5, 2020

Small business Banking-as-a-Service rises to the top in this week's roundup of the latest bank-FinTech collaborations and open banking initiatives. Two SMB BaaS companies secured new funding, while FinTech Wise says it is ushering in a new definition of open banking with its embedded banking functionality. Meanwhile, Prime Trust launches a new portal for banks to manage crypto, and Radius Bank releases its own API-powered developer sandbox.

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Payments Source

NOVEMBER 5, 2020

As challenger banks threaten Green Dot Corp.'s status among the underbanked, the prepaid card issuer is diving into their market by unveiling a challenger bank of its own.

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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.

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NOVEMBER 5, 2020

It seems you can buy pretty much anything you want on Amazon these days. But when Perch CEO Chris Bell goes shopping on the world’s largest online retailer , he’s not looking for a deal on socks; he’s looking to acquire companies. Perch buys what were once mom-and-pop operations selling good through Fulfillment by Amazon and takes them to the next level.

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Payments Source

NOVEMBER 5, 2020

Contactless payments, staging and early wage access have built a permanent following and should be part of any alternative financial services mix, says DigitaMint's Marc Grens.

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PYMNTS

NOVEMBER 5, 2020

From where things stand in Q4 2020 it’s not hard to imagine physical retail going extinct. And as compelling as the current eCommerce expansion is, counting out stores is a big miscalculation. Noting the ways COVID has permanently changed retailing, CNBC recently reported , “As more and more stores go dark at the mall, some major retail executives are looking to grow outside of it — a tactic they hadn’t touted so publicly before.

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Payments Source

NOVEMBER 5, 2020

In its lawsuit against Visa, the Justice Department alleges the card network's $5.3 billion deal to buy Plaid is meant to neutralize a competitive threat — even though Visa and Plaid do not see themselves as competing with each other.

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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.

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NOVEMBER 5, 2020

Payments technology startup Shift4 Payments has acquired eCommerce firm 3dcart to create a global, “unified commerce ecosystem,” the company announced in a Thursday (Nov. 5) press release. “We have an ambitious vision to connect the world’s commerce, and this acquisition is a critical milestone on that journey,” Shift4 Payments CEO Jared Isaacman said in the announcement.

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Payments Source

NOVEMBER 5, 2020

Bitcoin showed the world that software can be open source, censorship resistant, decentralized, permissionless and borderless, says Woorton's Zahreddine Touag.

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PYMNTS

NOVEMBER 5, 2020

Recognize the names Jay Gould and Jim Fisk? These two Wall Street warlocks of yore were accused (and assuredly guilty) of some of the greatest stock swindles ever conceived. They’re also part of the “Black Friday” origin story. “The term ‘Black Friday’ was first used on Sept. 24, 1869, when [Gould and Fisk] drove up the price of gold and caused a crash that day.

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Payments Source

NOVEMBER 5, 2020

The U.S. Justice Department sued to block Visa’s $5.3 billion deal for the data aggregator over concerns that it would harm competition in the global payments market.

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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.

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NOVEMBER 5, 2020

As stocks rallied Thursday (Nov. 5), bitcoin followed suit, rising to over $15,000, signaling a continued confidence in the cryptocurrency. The stock hit $15,017.05 at 10:50 a.m. (ET), reported CoinDesk , its highest level since January of 2018, and continued to rise throughout the day, hitting $15,237.78 at 5:01 p.m., according to Yahoo Finance. Investors have continued to accumulate bitcoin throughout the year, specifically during the March and September price crashes, according to CoinDesk, s

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BankInovation

NOVEMBER 5, 2020

India allowed Facebook Inc. to start operating its WhatsApp payments service in the world’s biggest open technology market. WhatsApp pay can go live using the homegrown, multibank Unified Payments Interface, the National Payments Corporation of India said in a statement Thursday. The U.S. firm can gradually expand its UPI base starting with as many as […].

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PYMNTS

NOVEMBER 5, 2020

Omnichannel commerce platform Lightspeed is acquiring point-of-sale (POS) firm ShopKeep in a move to advance digital transformation as the pandemic accelerates changes to the buying and selling landscape, according to a press release. Lightspeed will buy ShopKeep for approximately $440 million , satisfied via payment on closing of $145.2 million in cash and the issuance of 9.5 million subordinate voting shares in Lightspeed capital, the release stated.

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BankInovation

NOVEMBER 5, 2020

While election officials continue to count votes in key battleground states, Bank Innovation editors revisited the 2020 election implications on fintech issues like bank charters, open banking and public credit reporting. This week also saw new numbers from Zelle and Venmo, with the two payments networks reporting third-quarter volume of $84 billion and $44 billion, respectively. […].

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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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