Sun.Oct 25, 2020

article thumbnail

Verizon, Microsoft Partner To Accelerate 5G Technology

PYMNTS

Verizon and Microsoft have teamed up to accelerate the delivery of private 5G networks for businesses, announcing a collaboration they said will transform the retail, transportation, logistics, manufacturing and healthcare industries. Touting 5G data speeds that are already 25 times faster than current 4G technology (and will eventually be 100 times faster), the two companies said the security, reliability and ultra-low lag times will bring increased efficiency and reduced costs.

article thumbnail

Getting Ready For a LIBOR Transition

South State Correspondent

On October 23, 2020, the International Swaps and Derivatives Association (ISDA) published the much anticipated IBOR Fallback Protocol (Protocol). Firms that sign up for the Protocol agree to the spread adjustment and the fallback rates if LIBOR becomes unavailable in the future. Most community banks have some loans or deposits tied to LIBOR, and many community banks have used LIBOR hedges to help borrowers manage interest rate risk.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

StreetShares Nets $10M To Expand SMB Lending Tech

PYMNTS

FinTech StreetShares , which works to aid financial institutions (FIs) in providing loans for small- to medium-sized businesses (SMBs), has secured $10 million in a funding round, according to a press release. The round was led by Motley Fool Ventures and Ally Ventures , the strategic investment arm of Ally Financial , along with other individual FinTech angel investors.

Lending 160
article thumbnail

Deciphering Your Salary Slip

BankBazaar

Design Credits: Rakesh Mohan. Have you always wondered why there is a difference between your take-home salary and your CTC (Cost to Company)? Though a complicated financial document to decipher, your salary slip will help you understand the reason behind this. Though the CTC break-up varies from company to company, here is a brief guide to the important components of a standard payslip.

Taxes 78
article thumbnail

Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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

article thumbnail

Google Must Respond To DOJ Suit By Dec. 19

PYMNTS

Google has until Dec. 19 to respond in court to the federal government's recent lawsuit accusing the company of building its empire by exploiting its search dominance in a manner that violates antitrust laws, Reuters reported. The deadline is included in a document Google filed Friday (Oct. 23) in U.S. District Court for the District of Columbia, where the government filed the suit Tuesday (Oct. 20).

Google 140
article thumbnail

Chargebacks911 provides expert mitigation advice to merchants amidst COVID-19 chargebacks

The Paypers

Chargebacks911 has launched their ebook '50 Insider Tips for Preventing Chargebacks', which provides merchants with actionable steps to prevent chargebacks filed against their businesses.

eBook 36