Perficient
AUGUST 16, 2020
If you’re part of an organization, there is a very good chance that you have some type of phone system that you use on a daily basis. However, you may not know that there are certain rules/regulations that must be accounted for so you can remain compliant with FCC regulations. Recently the FCC (Federal Communications Commission) has announced some drastic changes to how E-911 must function.
PYMNTS
AUGUST 16, 2020
China’s Ministry of Commerce is moving forward with its plan for a digital currency, according to a report by The Wall Street Journal (WSJ). The plan will come with a large number of cities in which to test the currency, including Beijing and the provinces Tianjin and Hebei in the north, the Yangtze River Delta to the south, and the Guangdong province and the neighboring cities of Hong Kong and Macau along the country’s prosperous southern coast, WSJ reported.
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Payments Source
AUGUST 16, 2020
The decentralizing of accounts payable and supply chains is a chance to turn to virtual cards, says Nvoicepay's Kristin Cardinali.
PYMNTS
AUGUST 16, 2020
Berkshire Hathaway ’s unloading of billions of dollars from bank stocks is exacerbating the hurt on the nation’s biggest financial institutions, Reuters reported. Warren Buffett, the company’s chairman and CEO, has sold shares of Wells Fargo and J.P. Morgan Chase and dropped an investment in Goldman Sachs. Based on its second quarter filing with the Securities and Exchange Commission, Reuters reported Berkshire reduced its Wells Fargo stake by 26 percent to 237.6 million shares, lowered its sta
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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
Payments Source
AUGUST 16, 2020
If there's one clear lesson from the pandemic, "it’s that we can very effectively connect with companies and people not just across the country, but around the world. Fintech isn’t confined to Silicon Valley anymore,” said Jo Jagadish, who joined TD Bank in April as its head of commercial products and payments innovation.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
TheGuardian
AUGUST 16, 2020
The FCA raises the red flag over these ‘wellbeing packages’ that allow employees to take part of their earnings before payday Lockdown has been a trying time for millions of workers. Suddenly having to work from home, coupled with worries about future security and finances, have weighed heavily for many. For an increasing number of cash-strapped workers, the solution has been Employer Salary Advance Schemes (ESAS).
PYMNTS
AUGUST 16, 2020
Berkshire Hathaway ’s unloading of billions of dollars from bank stocks is exacerbating the hurt on the nation’s biggest financial institutions, Reuters reported. Warren Buffett, the company’s chairman and CEO, has sold shares of Wells Fargo and J.P. Morgan Chase and dropped an investment in Goldman Sachs. Based on its second quarter filing with the Securities and Exchange Commission, Reuters reported Berkshire reduced its Wells Fargo stake by 26 percent to 237.6 million shares, lowered its sta
American Banker
AUGUST 16, 2020
Housing advocates say lenders should require property owners who request loan forbearance to pause evictions during the coronavirus pandemic. But the banking industry says what’s really needed is another round of government stimulus.
PYMNTS
AUGUST 16, 2020
Plastiq , which works in intelligent payments software, is now included in the U.S. Visa Small Business Hub , which will allow it to join other firms in offering new, safe, digital tools to small- to medium-sized businesses (SMBs), according to a press release. The Visa Small Business Hub works to assist SMBs with starting, running and growing business, the release stated.
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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
American Banker
AUGUST 16, 2020
Jo Jagadish, who joined TD Bank in April as head of commercial products and payments innovation, spent her childhood moving country to country, so she's used to a world without borders — the kind world emerging from the capabilities of fintech and demands of the pandemic.
PYMNTS
AUGUST 16, 2020
The Harvard T.H. Chan School of Public Health is urging U.S. companies to appoint COVID-19 experts to their board of directors as a way to manage the pandemic threat that could linger for years, the Financial Times (FT) reported. “I think what COVID does is lay bare just how essential it is to be prepared for man-made and natural disasters, and our economic resilience depends on being prepared,” Michelle Williams, the school’s dean, told FT.
Bankelele
AUGUST 16, 2020
In just over a week, the African Development Bank Group (AfDB) will stage its 2020 annual meetings from Abidjan, Cote d’Ivoire which is the headquarters city of the bank. The 55th annual meeting of the Group will run from August 25 to August 27. They had initially been planned to happen in May 2020. But because […]. The post AfDB plan virtual annual meetings for 2020 appeared first on Bankelele.
PYMNTS
AUGUST 16, 2020
Axle , which works in cash flow for the freight and logistics industry, has raised $27.7 million in a funding round, which it intends to go toward continuing the company’s work in automating processes and boosting cash management, according to a press release. The funding round was backed by Anthemis and Techstars , the release stated. Axle wants to use the money to help keep developing its products and expand to new markets.
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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.
The Financial Brand
AUGUST 16, 2020
Financial marketing has increased in importance as a result of COVID-19. Financial institutions must understand the trends and respond accordingly. The post 5 Trends Shaping the Future of Financial Marketing Post Pandemic appeared first on The Financial Brand.
PYMNTS
AUGUST 16, 2020
Trintech , which works in integrated Record to Report software, is releasing Cadency 9.0, the newest update to its software, to help companies with faster account reconciliation, artificial intelligence, systems integration and more, a press release says. Cadency 9.0, according to chief product officer Michael Ross , is working to improve visibility, add more controls, and make financial reporting more accurate in ways customers need, particularly during the pandemic.
The Financial Brand
AUGUST 16, 2020
As Wells continues comeback, Mary Mack examines industry's future and sees strong role for face-to-face service — but not banking as usual. The post Wells Fargo Retail Chief Doubts COVID’s Digital Shift Will Kill Branches appeared first on The Financial Brand.
PYMNTS
AUGUST 16, 2020
It’s taken a year, but Facebook has integrated the Instagram and Messenger chat platforms. The Verge reported update notices were spotted on Instagram’s mobile app on iOS and Android devices last week with the message, “There’s a New Way to Message on Instagram.” It listed features such as a new, colorful look for chats, more emojis and the ability to chat with Facebook friends.
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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.
The Financial Brand
AUGUST 16, 2020
COVID-19 exposed shortcomings in customer and employee communications, leading to a loss of confidence. The experience provides key lessons. The post 6 Crisis Communication Blunders Financial Institutions Must Stop appeared first on The Financial Brand.
PYMNTS
AUGUST 16, 2020
The coronavirus has shifted Americans’ internet usage, The Wall Street Journal (WSJ) reported, with a 25 percent increase within a few days in March after the pandemic forced people to mostly stay inside. In April, WSJ reported, the average internet use was 402.8 GB, a 26 percent increase from January this year. The analysis from WSJ found that the internet usage is likely to remain higher than it was pre-pandemic.
BankBazaar
AUGUST 16, 2020
With 2020 forcing us to adapt and play multiple roles in our daily lives, the one good thing we’re seeing is greater levels of gender parity with respect to day-to-day household tasks. . For years, society has defined various roles for men and women based on their sex, resulting in gender-defined activities and expectations. In fact, most baby boomers pride themselves at utilising these defined roles optimally to achieve what they term ‘perfect balance’ – the woman manage
PYMNTS
AUGUST 16, 2020
China’s ByteDance , the parent company of TikTok , has 90 days to sell or spin off its U.S. operation. CNBC reported President Donald Trump issued an executive order Friday (Aug. 14) that forces the China company to unload the popular video-sharing app. “There is credible evidence that leads me to believe that ByteDance … might take action that threatens to impair the national security of the United States,” Trump said in his order.
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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.
PYMNTS
AUGUST 16, 2020
President Donald Trump is not done banning online Chinese companies from doing business in the U.S. When asked at a news conference Saturday (Aug. 15) whether he is contemplating action against more Chinese companies, including Alibaba , a global technology company specializing in eCommerce, the president said he is considering further punitive measures against other groups, the Financial Times (FT) reported.
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