Perficient

AUGUST 17, 2020

As usual of my blog – the following anecdote unfolds the subject of my blog.…. Have you met oxymoron characters? I have and I am going to describe an incident in one such character’s life: I know a balding old gentleman who is stung by an oxymoron combination of OCD (Obsessive Compulsive Disorder) and absent mindedness. This man had peculiar habits one being carrying anything and everything tucked in newspaper folds to safeguard them from crumpling.

Metro 539

Metro System Security Online 539

Accenture

AUGUST 17, 2020

The likelihood of a quick, V-shaped COVID-19 economic recovery is fading in many countries. The impact of the downturn—lower incomes, further job losses, diminished demand and more—is likely to endure, driving many consumer and business borrowers into default. A torrent of delinquencies will cause a new credit crisis that is likely to swamp but not….

Management 349

Management 349

South State Correspondent

AUGUST 17, 2020

Without approving the HEALS or HERO Acts, Congress gave little reason for banks to delay their Paycheck Protection Program (PPP) Forgiveness program. As such, many banks, like ourselves, launched on the 10 th. With one week of testing and one week of processing, we thought it might be helpful to give an update that can hopefully inform your process.

Data 448

Data 448

Accenture

AUGUST 17, 2020

No matter what job you have, time is your most precious resource. For relationship managers (RMs) in commercial banking, this is certainly true. RMs are the backbone of a bank’s relationship with its customers, and if they don’t have the time to properly support these customers, the bank as a whole suffers. That’s why we’ve…. The post Banks should capitalize on saved time to empower RMs appeared first on Accenture Banking Blog.

Capital 344

Capital Resources Management 344

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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

PYMNTS

AUGUST 17, 2020

The Commerce Department released July’s retail sales last week, showing an increase in seasonally adjusted retail spending – up 1.2 percent overall last month, but down from the 8.4 percent growth in June. Analysts reported that physical retail sales, seasonally adjusted, were up 2.7 percent overall in a trailing 12-month period, and that businesses had mostly recovered all of the losses that had been incurred in the March-through-May lockdown.

Retail 335

Retail Branding Online Report 335

PYMNTS

AUGUST 17, 2020

A group that says it represents 850,000 pharmacists in India wants the government to shut down Amazon’s new pharmaceutical delivery service in the country. In a letter, as reported by various media outlets in India, the All India Organization of Chemists and Druggists argues that laws from the 1940s prohibit the sort of home delivery operation that Amazon is piloting in India.

Groups 251

Groups Regulation Operations Meeting 251

BankBazaar

AUGUST 17, 2020

India’s fascination for this precious metal only seems to be growing. Jewellery? Sure! Investment option? Not so sure, right? Here’s all you need to know. Not too long ago, gold was used as the primary currency in many places around the world. Times have changed and that is no longer true. However, gold is still a solid, long-term investment and might just be a valuable addition to your portfolio.

Strategy 148

Strategy Marketing Security Management 148

PYMNTS

AUGUST 17, 2020

When it comes to fraud threats, no company — large or small — is immune. In this week’s Data Digest, PYMNTS rounds up the latest cases and research into how corporates are being targeted with crimes like the business email compromise (BEC) scam, as well as how they’re fighting back. The Federal Trade Commission recently filed a complaint against Yellowstone Capital, Fundry and their officers, alleging the merchant cash advance companies had been withdrawing funds from small business

Fraud 237

Fraud Trends Security Report 237

Payments Source

AUGUST 17, 2020

American Express Co. is acquiring the teams and technology behind the online lender Kabbage Inc. as the credit-card giant seeks to provide more loans and other services to small-business owners.

Cards 122

Cards Online Technology Payments 122

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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

Report

PYMNTS

AUGUST 17, 2020

While the enterprise resource planning (ERP) system is often viewed as the hub of key back-office processes, from accounting to inventory management, the technology has historically been out of reach for small businesses with limited resources. At the same time, for many small- and medium-sized businesses (SMBs), an ERP hasn’t always been necessary, particularly as bespoke and individual FinTech solutions emerge onto the market at more affordable price points and a more flexible offering b

Resources 219

Resources Branding Management Fintech 219

Payments Source

AUGUST 17, 2020

A rise in chargebacks has renewed a push for an independent standards body by the SPP, formed in 2018 to represent merchant groups.

Groups 142

Groups Retail Payments 142

PYMNTS

AUGUST 17, 2020

India’s Reliance Industries is in talks to buy online furniture retailer Urban Ladder in a transaction valued at as much as $30 million, the Times of India reported on Monday (Aug. 17). According to the Times of India, four sources confirmed the talks; one said they have been underway for “months” and are at an “advanced” stage, but are not yet complete.

Industry 199

Industry Company Retail Online 199

Payments Source

AUGUST 17, 2020

The past few months have provided no shortage of crises that call out for faster access to funds, giving developers a new impetus to hasten transaction processing.

Payments 115

Payments 115

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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.

Lending

PYMNTS

AUGUST 17, 2020

Amazon is facing an investigation by Germany’s national competition regulator over the eCommerce giant’s relationship with third-party sellers, Reuters reports. “We are investigating whether and how Amazon influences how traders set prices on the Marketplace,” Andreas Mundt, president of the Federal Cartel Office, told the Frankfurter Allgemeine Zeitung daily newspaper, according to Reuters.

Retail 209

Retail Policies Marketing Online 209

ABA Community Banking

AUGUST 17, 2020

Seamless processes connecting loan officers’ personal service and digital convenience make customers comfortable for the biggest purchase they may ever make. The post The Evolution of the Digital Borrower Experience appeared first on ABA Banking Journal.

Community Bank 111

Community Bank Digital Banking Community Technology 111

PYMNTS

AUGUST 17, 2020

Balancing the books, sending out invoices and keeping the cash rolling in can be thankless but vital tasks for small business owners. In a push to bring in more small business accounts, TD Bank is launching a new online payment and accounting feature on its online platform for small businesses. The new TD Online Accounting features technology developed by Detroit-based Autobooks.

Online 175

Online Detroit social media Tools 175

Payments Source

AUGUST 17, 2020

Consumers are right to worry about data mismanagement. But there are ways to benefit from analytics while respecting privacy, says Cape Privacy's Ché Wijesinghe.

Data 107

Data Analytics Payments 107

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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.

US

PYMNTS

AUGUST 17, 2020

NPC International , the largest Pizza Hut and Wendy’s franchisee in the U.S., plans to close as many as 300 Pizza Hut restaurants after a deal was reached to pave the way for a sale of the company’s remaining pizza locations, CNBC reported. Under the terms of the bankruptcy agreement between Yum Brands , the Kentucky-based operator of the pizza chain and NPC, NPC has agreed to pay Pizza Hut in exchange for the ability to close the restaurants, according to the report.

Kentucky 173

Kentucky Branding Operations Report 173

TheGuardian

AUGUST 17, 2020

City firms sign up to #100BlackInterns to tackle underrepresentation Headhunters with diversity brief still mainly white A group of 80 leading City fund managers has committed to hiring at least 100 black interns per year, starting in 2021, to make up for the lack of black staff in the industry. Legal & General, Goldman Sachs, Standard Life Aberdeen and Schroders are among the firms that have signed up to the #100BlackInterns initiative, aimed at helping young, university-educated black peop

Management 99

Management Maine Industry Groups 99

PYMNTS

AUGUST 17, 2020

Uber says it will continue operating food delivery business Uber Eats in California even if its main ridesharing business is forced to shut down on Friday (Aug. 21) because of a recent court order , Reuters reported. The order mandates that Uber and rival Lyft treat their workers as employees, including providing them benefits, rather than as gig workers as has always been the case before.

California 168

California New York Maine Operations 168

Banking Exchange

AUGUST 17, 2020

Individuals without access to basic banking services can now open accounts through a state-wide initiative being rolled out across Connecticut Community Banking People Covid19 Customers Fair Lending Feature3 Feature.

Connecticut 78

Connecticut Community Bank Lending Community 78

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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.

Compliance

PYMNTS

AUGUST 17, 2020

A Philadelphia-based mall owner is taking a proactive approach to the digital shift and back-to-school shopping. PREIT (Philadelphia Real Estate Investment Trust) is curating its first eCommerce offering in what it says is a unique avenue to engage consumers from a multi-retail perspective. Called sMALL Surprises , the curated box of goods from several of PREIT’s mall properties is a nod to subscription-based boxes, as well as one of the first examples of a REIT acting as an online vendor.

Philadelphia 164

Philadelphia Regional United States Community 164

SWBC's LenderHub

AUGUST 17, 2020

What Happened: Last week was what a typical slow August trading week once looked like, at least for stocks. COVID-19 continued to dominate the news as new cases slowed a bit in the Southwest and California, but picked up speed in the Midwest. The biggest battle now comes from the reopening of schools across the country. Right now, the outlook isn’t good for face-to-face reopening, which is a huge economic problem, as well as a social one.

Marketing 78

Marketing California Capital 78

PYMNTS

AUGUST 17, 2020

New Yorkers are about to lose one of the reasons for packing on what some healthcare providers are calling the COVID 15, or quarantine 15 — as in 15 pounds of weight gained since the onset of social distancing and the closing of gyms and other public venues. Gov. Andrew Cuomo announced Monday (Aug. 17) that gyms can reopen beginning Aug. 24 at up to one-third capacity if they meet new ventilation requirements, patrons wear masks and local authorities approve the reopening, CNBC reported.

New York 163

New York Guidelines Operations Meeting 163

CFPB Monitor

AUGUST 17, 2020

In an order issued August 12, 2020, the United States District Court for the District of Colorado relied on the OCC’s “ Madden fix” rule to hold that, under Section 27 of the Federal Deposit Insurance Act, 12 U.S.C. § 1831d, a promissory note with an interest rate that was valid when made remains valid upon assignment to a non-bank. However, the court concluded that the plaintiff had not had a fair opportunity to develop facts germane to the “true lender” issue left open by the OCC rule and it

FDIC 78

FDIC Colorado United States Report 78

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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.

Lending