Payments Dive
SEPTEMBER 4, 2020
Can people be sure that self-service devices are being properly maintained to reduce the risk of spread of coronavirus? Technology that allows consumers to control kiosks remotely holds an important clue.
PYMNTS
SEPTEMBER 4, 2020
In some ways, the second quarter was like nothing the world has ever seen, as the pandemic cut through the daily lives of Americans from April through June, and is still a factor in many parts of the country. But in other ways, it was business as usual, as the two biggest retailers in the world – Walmart and Amazon – posted stellar earnings numbers and competed in more muted ways for the U.S. consumer’s whole paycheck.
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Payments Source
SEPTEMBER 4, 2020
When the U.K. went into a coronavirus-induced lockdown on March 23 as Prime Minister Boris Johnson announced school, office and retail closures, it caused a ripple effect on the U.K. e-commerce market.
PYMNTS
SEPTEMBER 4, 2020
It has now been six months since the coronavirus outbreak was declared a pandemic on March 11, and consumers are more likely than ever to shop and pay online, not only for retail goods, but for groceries and food orders from restaurants. Half of all consumers now say they have switched from shopping in stores to shopping online, with an estimated 114 million U.S. adults now purchasing food, groceries and retail items online.
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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
BankBazaar
SEPTEMBER 4, 2020
This Teacher’s Day, we’re shining a light on the BankBazaar mobile app – your teacher, friend, guide – all rolled into one! The contribution of teachers to our lives is immeasurable. From teaching us life lessons to hand-holding us through years filled with teenage angst, they were the second most important people in our life after our parents.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankDeals
SEPTEMBER 4, 2020
First State Bank Nebraska offers its First Rate Checking with competitive rates to residents of Colorado, Iowa, Kansas, Missouri, Nebraska, South Dakota, and Wyoming.
PYMNTS
SEPTEMBER 4, 2020
China's yuan could become the world’s third-largest reserve currency in the foreseeable future due to increased foreign investment in Chinese companies, analysts at Morgan Stanley conclude in a report distributed Friday (Sept. 4) and cited by CNBC. The shift would put the yuan behind the U.S. dollar and the euro. Reserves are funds central banks hold in currencies other than their own.
Payments Source
SEPTEMBER 4, 2020
In the short term, there’s no doubt that acquiring is faster than building something yourself. But to maintain quality and value for your merchants, you have to go through the process of deeply understanding the problem to build a solution that truly solves it, says Adyen's Ingo Uytdehaage.
PYMNTS
SEPTEMBER 4, 2020
Migration to mobile and digital banking ramped up during the pandemic. This we know. Signs are that it’s a hit with consumers. Many have shifted for keeps. This we are finding out. It’s one of numerous revelations in PYMNTS’ Leveraging The Digital Banking Shift Report , a collaboration with Feedzai , based on a survey of nearly 2,200 U.S. account holders.
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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
SEPTEMBER 4, 2020
A New York CDFI is halfway to its $100 million fundraising goal for a fund that would put deposits in Black-owned banks and make loans to key businesses or projects. It hopes the moves will improve availability of capital and access to mainstream financial products.
PYMNTS
SEPTEMBER 4, 2020
A rural rebound may continue to power Airbnb, even as it changes the ways we travel and where we trek. To that end, as reported by Bloomberg , Friday (Sept. 4), CEO Brian Chesky — who said as of the pandemic that travel as we know it is “over” — said in a recent interview with the news outlet that when it comes to getting where we want to go once the pandemic is done, “some things will return and some won’t.”.
ATM Marketplace
SEPTEMBER 4, 2020
How important is your supplier relationship? When it come to paying suppliers, especially in today's current economy, many business owners don't always look for ways to make the payment process more positive or seamless. ATM Marketplace spoke with Josh Cyphers, president of Nvoicepay, to get his insight on this issue.
PYMNTS
SEPTEMBER 4, 2020
With supply chains backlogged, cut short and all-around disrupted in the midst of the global pandemic, businesses had to act fast. For many, that meant a business model pivot, a lofty feat for any company, let alone small- to medium-sized businesses ( SMBs ) whose survival sometimes depended on such flexibility. For B2B businesses, the shift was a dramatic one toward a B2C, or even direct-to-consumer ( D2C ), model, with major ramifications for the ways these companies market, sell and reach the
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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.
TheGuardian
SEPTEMBER 4, 2020
From 31 October, customers who take out more than £250 in 30 days will be charged 3% The digital bank Monzo is to introduce charges for customers who do not use it for everyday banking but make cash withdrawals of more than £250 a month. From 31 October, the bank will charge customers who take out more than £250 in 30 days a fee of 3% and add a £5 fee for replacement cards.
PYMNTS
SEPTEMBER 4, 2020
Quick-service restaurants (QSRs), fast casual eateries and fast-food drive-thrus keep dominating headlines throughout the pandemic as a nation is understandably obsessed with staying fed on lockdown and after, when breathing the open air still feels oddly risky. Forget dining out with strangers — even fancy strangers — no matter what’s on the menu. Perhaps that’s why less is being heard about the fine dining full-service restaurant (FSR) sector, which, reliant as it is on full dining rooms and e
BankInovation
SEPTEMBER 4, 2020
Some of the biggest banks in North America are integrating accounting into their online banking platforms for small businesses. It’s a strategy that eliminates manual data entry for small business clients and helps the bank own more of the client relationship. Bank Innovation also spoke with JPMorgan Chase CIO Rohan Amin this week. “Artificial intelligence, quantum computing […].
PYMNTS
SEPTEMBER 4, 2020
Uber Technologies has entered the auto rental business in the United Kingdom, attributing the move to the desire to maximize social distancing. The technology company has entered a partnership with car rental provider CarTrawler, The Verge reported. Uber already has partnerships with CarTrawler in France and Australia. In a post on its corporate blog, Uber described a simple process for using Uber to rent a car Down Under: “Update your Uber app to the latest version to see if you have the Uber R
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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.
American Banker
SEPTEMBER 4, 2020
The central bank said it had miscalculated the loss rates for certain public welfare investments, which led to incorrect capital requirements for the two companies.
PYMNTS
SEPTEMBER 4, 2020
PadSplit connects renters and properties via the platform model to lower the cost of renting while providing homeowners with income. In retail logistics, eBay has expanded its integration with UPS to add new functions for selling and shipping. And the use of cash is dwindling amid a shift to digital payments, while Apple will reportedly roll out four new 5G phone models in October.
MyBankTracker
SEPTEMBER 4, 2020
If you follow investing news, you’ve probably heard the term hedge fund before. Traditionally, hedge funds have been exclusive to wealthy investors who have a lot of money to throw around. Can everyday investors also get involved in hedge funds and the potential return they offer? What is a Hedge Fund? A hedge fund is a special type of investment fund, much like a mutual fund.
PYMNTS
SEPTEMBER 4, 2020
Despite a better than expected job report, Boston Federal Reserve President Eric Rosengren told CNBC a full recovery is impossible until COVID-19 is under control. “We have a long way to go before we are fully recovered,” he said on “The Exchange,” adding, “But I will say this employment report was a very positive one.”. The country added nearly 1.4 million jobs in August while the nation’s unemployment rate fell to 8.4 percent, down from 10.2 percent in July, the U.S.
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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.
MyBankTracker
SEPTEMBER 4, 2020
Getting life insurance from a life insurance company can help protect the finances of your family members or anyone else with a financial interest in you being alive. When you take out a life insurance policy, you must name beneficiaries. Beneficiaries can be almost anyone you choose. Typically, your beneficiary is a person. That said, businesses can be usually be beneficiaries, too.
PYMNTS
SEPTEMBER 4, 2020
Two of Spain’s big banks could become one. The Financial Times reported talks are underway to merge Madrid-based Bankia and CaixaBank in Valencia. If a deal is signed, it would create the country’s largest bank with assets of more than 650 billion euros ($769 million). Since January, the European Central Bank (ECB), which oversees the biggest European Union lenders, has eased regulations to encourage mergers and reduced the capital requirements for such transactions, the news service reported.
American Banker
SEPTEMBER 4, 2020
Institutions considering new technologies must ask themselves what they're looking for not just from a product but from a partner.
PYMNTS
SEPTEMBER 4, 2020
Deutsche Bank AG is out. Bloomberg News reported the Frankfurt, Germany-based global investment bank and financial services company is no longer interested in buying Wirecard AG’s banking unit because it is too expensive, according to a source. Michael Jaffé , the court-appointed insolvency administrator of the failed German payments company, is seeking a minimum of 100 million euros ($119 million) to close the deal and would rather not seek a liquidation, sources told the news service.
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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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