Perficient
DECEMBER 22, 2020
Data is the greatest asset for any organization. Data architecture modernization provides the ability to understand the information effectively, use the data efficiently for market growth, create new revenues, and gain customer satisfaction. . In today’s world, Data leaders are playing a vital role, and here are the top 10 things they are looking at in every data modernization journey. .
Payments Dive
DECEMBER 22, 2020
Mobile Payments Today interviewed Hannes Van Rensburg, chief commercial officer for Clickatell's on the subject of chat commerce. Hannes shares his thoughts regarding this unique type of commerce and what it could mean to the mobile payments industry moving forward
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Perficient
DECEMBER 22, 2020
Every organization is maximizing its values by enabling data consumption through API. API’s are everywhere, and it’s an integral part of all the applications that we use today. . It’s essential to manage those API as a product. Here are a few tips/suggestions/questions that you need to consider how we approach API product management. . Key takeaways you to consider from the beginning of API product journey : .
PYMNTS
DECEMBER 22, 2020
Amazon is postponing its logistics fee increase to help accommodate businesses affected by the pandemic, a company letter from Amazon Worldwide Consumer CEO Jeff Wilke stated. Wilke wrote that the eCommerce giant will continue to take on the extra costs without increasing fees until June 1, 2021. "We are doing this because we want to provide stability and support for you during what will likely remain a challenging winter as vaccine distribution gets underway," Wilke said in the letter.
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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
Gonzobanker
DECEMBER 22, 2020
“I learned a long time ago that reality was much weirder than anyone’s imagination.” – Hunter Thompson. “This Year was brought to you by the number 2020 and the letters W, T and F” – Big Bird (more or less). Well, HST and Big Bird had it right. Anybody who ever again says they have seen it all loses all future cred at Cornerstone.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Source
DECEMBER 22, 2020
Consumers avoiding stores because of COVID-19 have driven triple-digit sales growth of Blackhawk’s gift cards sold through retailers’ websites, with the final weeks of the year expected to push digital cards to a tipping point.
PYMNTS
DECEMBER 22, 2020
In the beginning, there were bundles. Then came unbundling, followed not long after by the introduction of “rundles,” or recurring revenue bundles. And now, thanks to a global pandemic that has pushed more business online, tightened wallets and compressed delivery times, the retail landscape has undergone huge changes in a relatively short amount of time.
ATM Marketplace
DECEMBER 22, 2020
Financial institutions are learning that a smarter bill pay experience is personal for the customer and offers guidance and real-time insights. Brad Jones is Vice President and General Manager of the bill pay solution suite at Fiserv. He shares his insights and thoughts for developing next generation bill pay capabilities
PYMNTS
DECEMBER 22, 2020
Companies seeking to hold initial public offerings (IPOs) on the New York Stock Exchange (NYSE) no longer will be required to let investment banks buy and sell the first shares to hit the market, the Financial Times (FT) reported. The addition of a lower-cost, underwriter-free IPO option was formally approved by the U.S. Securities and Exchange Commission (SEC) Tuesday (Dec. 22), FT reported.
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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
Payments Source
DECEMBER 22, 2020
The company did not disclose the nature of the suit, but CEO Brad Garlinghouse has long disputed the Securities and Exchange Commission's claim that XRP is a security, not a currency.
PYMNTS
DECEMBER 22, 2020
PayPal will allow customers to cash their next stimulus checks free of charge, according to a press release. The payments giant said in the release that the checks will go through instantly on the PayPal app's cash-a-check feature. The normal check-cashing fees will be waived for coronavirus relief checks, currently planned to be $600 per person. This can be done from a mobile phone, without the user leaving their home to go to a bank or ATM.
Payments Source
DECEMBER 22, 2020
The simplest of mechanisms, having evolved over time, has now become a trending solution, a beacon of a brighter time and an essential service provider in an hour of need, says PPS' Tessa Unsworth.
PYMNTS
DECEMBER 22, 2020
Digitization has opened up the floodgates for small and medium-sized businesses (SMBs) looking to do business with partners across borders, whether that's as buyers, sellers, third-party logistics providers or other vital counterparties that keep the international trade wheels turning. But when doing business abroad, often with large multinational corporations (MNCs), smaller firms can struggle to access the resources they need to level the playing field with their larger counterparts, from work
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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.
Payments Source
DECEMBER 22, 2020
It’s been proven time and again that women look at problems differently than male counterparts. It’s part of what makes balanced teams critical to the success of any organization. Women leaders, in particular, demonstrate heightened communication skills, a dedication to mentorship, a willingness to invest in continuous learning, a knack for building effective teams, and the ability to motivate employees with empathy and empowerment.
PYMNTS
DECEMBER 22, 2020
Peloton , the leading maker of connected fitness products, has moved to resolve its manufacturing and order backlog problem by acquiring Finland’s Precor for $420 million. Investors applauded the announcement to increase capacity, and drove Peloton’s stock to an all-time high, while marking a 400 percent year to date gain and $47 billion market cap.
Payments Source
DECEMBER 22, 2020
Rapidly spreading coronavirus and an unclear Brexit outcome are bearing down on the U.K., leaving the fate of London as a technology and finance hub in the air as 2020 draws to a close.
PYMNTS
DECEMBER 22, 2020
Decentralized digital finance trade platform Contour has completed a pilot blockchain transaction between textile companies Tainan Spinning and Century Synthetic Fiber Corporation in Vietnam, according to a press release. The release also stated the transaction showcases the business growth in Vietnam and Taiwan. "As the world adapts to social distancing and post-COVID life, traditional methods of doing business will quickly be incompatible," said Contour CEO Carl Wegner , according to the relea
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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.
PopularBank
DECEMBER 22, 2020
Grants Will Benefit Communities Throughout New York, New Jersey, South Florida and Chicago. New York, NY – December XX, 2020 – The Popular Foundation , which is sponsored by employees of Popular Bank, has awarded a total of $216,000 to 23 nonprofit organizations serving communities throughout New York, New Jersey, South Florida and Chicago. The grants ranged between $5,000-$22,000 and will continue to support critical community programming amid the ongoing COVID-19 health crisis.
PYMNTS
DECEMBER 22, 2020
DoorDash ’s initial public offering (IPO) and sudden stock price surge has created no shortage of conversation in the dining landscape. Experts and analysts are rushing to figure out whether DoorDash’s big jump signals a permanently shifted dining landscape or if the sudden surge is destined to pull back once the COVID-19 vaccine is in wide circulation and consumers have the option to eat in dining rooms once again.
Banking Exchange
DECEMBER 22, 2020
This week’s $892 billion package includes $284 billion for the Paycheck Protection Program Community Banking Feature3 Feature Duties PPP Covid19 The Economy.
PYMNTS
DECEMBER 22, 2020
President-elect Joe Biden said he wants to pass another COVID-19 stimulus relief soon after he gets into office in January, according to Bloomberg. “Congress did its job this week and I can — and I must — ask them to do it again next year,” he said Tuesday (Dec. 22), saying the "darkest days in the battle against COVID" are still ahead, not behind us yet.
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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.
CFPB Monitor
DECEMBER 22, 2020
On December 15th, the FTC announced in a press release that it had reached a settlement with a mortgage industry data analytics company to resolve allegations in the FTC’s administrative complaint that the company had failed to ensure one of its vendors was adequately securing personal data about tens of thousands of mortgage holders under the Gramm-Leach-Bliley Act (GLBA) Safeguards Rule.
PYMNTS
DECEMBER 22, 2020
The pandemic has forced businesses to pivot quickly to continue their operations — both domestically and internationally — with relative ease as the health crisis affects everything from supply chains to payment schedules. Many firms are eying new technologies that could accelerate their global B2B transactions amid these shifts. These digital changes should pertain to more than just payments themselves, however.
CFPB Monitor
DECEMBER 22, 2020
The Chief Counsel of the Office of the Comptroller of the Currency has issued Interpretive Letter 1173 , addressing national bank and federal savings association preemption of state law under the Dodd-Frank Act. The Interpretive Letter clarifies that the special Dodd-Frank preemption requirements for “preemption determinations” are limited as follows: “Preemption determinations” are confined to “affirmative conclusion[s] by the OCC that federal law preempts a state consumer financial law.
PYMNTS
DECEMBER 22, 2020
Facebook will increase its security offerings, especially for high-profile users, the social media giant announced Tuesday (Dec. 22). The company will support the use of security keys on mobile devices so anyone logging into an account will need more than just a password, a Facebook official told PYMNTS. The company sees likely users as political campaign staffers, journalists and activists.
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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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