Perficient
SEPTEMBER 9, 2020
As an avid at-home cook and lover of food, the office potluck always brings me great joy. I love when I can try other colleagues’ favorite things to cook and share mine as well. However, this year office potlucks have gone on hold and so has that connection. Provisioning Virtually. With everyone working from home, our colleagues in Chicago wanted to provide a way that they could stay connected with each other.
PYMNTS
SEPTEMBER 9, 2020
Mastercard has announced a new virtual testing platform for Central Bank Digital Currencies (CBDCs). In a Wednesday (Sept. 9) news release, Mastercard said a recent survey revealed 80 percent of central banks are engaged in some form of CBDCs, while 40 percent have moved from research to experimenting with concept and design, according to by the Bank for International Settlements.
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Perficient
SEPTEMBER 9, 2020
Calling all manufacturers! Come join us for a candid conversation with experienced manufacturing leaders on Thursday, September 10. Hosted by industry veterans Tony Kratovil from Salesforce and Eric Dukart from Perficient, this virtual roundtable event will dive into what’s top of mind in the world of manufacturing and how companies with indirect sales channels can set their dealers and distributors up for success.
PYMNTS
SEPTEMBER 9, 2020
The year 2020 has been an unexpected one, to say the least — not least of all for the payments ecosystem. This year was supposed to be a tipping point for real-time payments adoption in the U.S., yet progress hasn't been as advanced as many in the industry would have liked. Interestingly, said Manish Gurukula , CEO of Alacriti , it's not the pandemic that has slowed the country's path toward faster payments.
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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
Perficient
SEPTEMBER 9, 2020
In the past, ecommerce was believed to be the simple act of building a commerce website for your business and seeing how your customers used it. However, many B2B sites weren’t performing well or able to adapt to this approach because they lacked the specific resources and knowledge needed to be successful, and even felt hesitant to adopt new digital methods because previous of ecommerce site failures.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankBazaar
SEPTEMBER 9, 2020
When it comes to financial mistakes, the devil lies in the habits. Luckily, you can get rid of them for good. Read on to find out how. Identifying bad financial habits is a tough task, because they’re never ‘in-your-face’ Unlike the one-off errors that we all make at some point and time, habitual errors aren’t easy to spot in your bank statement or credit report; they’re systemic in nature, and like any other bad rule, they require a revolution to overcome.
PYMNTS
SEPTEMBER 9, 2020
Bringing a brand directly to consumers over digital channels was an option to consider in the pre-pandemic world — but the question for brands today in our radically digitized world is not if, but when, according to sticky.io Chief Operating Officer Ro Bhatia. “What brands should be thinking about now is basically how to double down — triple down — on their direct-to-consumer offerings,” Bhatia told PYMNTS.
Payments Source
SEPTEMBER 9, 2020
BNY Mellon has launched system that automates medical and dental insurance claim payments, attaches benefit explanations, and enables virtual card support for medical providers.
PYMNTS
SEPTEMBER 9, 2020
Visa Inc. has acknowledged the European Commission (EC) has opened an investigation into the company’s eWallet rules. In its second-quarter filing with the Securities and Exchange Commission (SEC), the global financial services corporation reported the executive branch of the European Union (EU) informed Visa that it has opened a preliminary investigation into its digital wallet rules and requested information about them.
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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
SEPTEMBER 9, 2020
It could take years for the air travel industry to recover from the pandemic, but some of the airlines' responses could fuel other payment streams.
PYMNTS
SEPTEMBER 9, 2020
There are many ways to mark the massive shift to digital that’s happened in the past six months, from baby boomers who’ve moved online after favoring real-world shopping to merchants who’ve made a hard shift toward digital and omnichannel. But the challenge for retailers now is deciding what to do next, Amazon Pay Chief Marketing Officer Kelly Wenzel told Karen Webster in a recent conversation.
Payments Source
SEPTEMBER 9, 2020
As the coronavirus began to sweep through Europe and the U.S. during the early spring, Phillip McGriskin was in the middle of a crucial funding round.
PYMNTS
SEPTEMBER 9, 2020
Regardless of what happens with the sale of TikTok, social commerce could become a retail factor to reckon with in Q4, and is definitely ready for its close-up in 2021. In fact a new report puts the global market for social commerce at $89.4 billion this year and says it will reach $604.5 billion by 2027, growing at a CAGR of 31.4 percent. Of course TikTok, along with Facebook and Instagram, is the social commerce platform of the moment and whoever gets the winning bid for it will be immediately
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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.
SWBC's LenderHub
SEPTEMBER 9, 2020
“Just imagine that a bond is a slice of cake, and you didn’t bake the cake, but every time you hand somebody a slice of the cake a tiny little bit comes off, like a little crumb, and you can keep that. If you pass around enough slices of cake, then pretty soon you have enough crumbs to make a gigantic cake…golden cake. And Pierce and Pierce collect millions of marvelous,” she shrugged, “golden crumbs.
PYMNTS
SEPTEMBER 9, 2020
Trulioo , which provides identity verification services, will now be able to perform those functions in Pakistan, according to a press release emailed to PYMNTS. Pakistan is the world's fifth most populous country with 212 million people, the release stated, and Trulioo will be using GlobalGateway, the largest identity verification marketplace, to help provide services in the country.
CFPB Monitor
SEPTEMBER 9, 2020
Since late July, the CFPB has issued seven consent orders against mortgage companies in which the CFPB asserts that the companies engaged in false and misleading advertising to service members and veterans. This advertising focus is familiar and similar to a series of enforcement actions by the CFPB in December 2016 in which it asserted companies engaged in deceptive advertising of reverse mortgage terms.
PYMNTS
SEPTEMBER 9, 2020
It soon will be time for eBay 's payments management system to learn to say "merci," "grazie" and "gracias.". The San Jose, California-based online retail giant said in a news release on Wednesday (Sept. 9) that in the first quarter of 2021, it will begin offering payments management in France, Italy and Spain. "This expansion will continue to offer buyers flexibility and choice in payment methods and give sellers an easier way to manage their businesses," the news release states. eBay began man
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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.
ABA Community Banking
SEPTEMBER 9, 2020
The fourth season of the ABA Banking Journal Podcast kicks off with Minnesota community bank CEO Andy Schornack. The post Podcast: Giving Emerging Community Bank Talent ‘Opportunities to Shine’ appeared first on ABA Banking Journal.
PYMNTS
SEPTEMBER 9, 2020
It’s the last chance for taxpayers to collect a stimulus payment check. The Internal Revenue Service (IRS) announced on Wednesday (Sept. 9) that it plans to mail letters to approximately nine million Americans who typically don’t file federal income tax returns and may be eligible for, but failed to claim, an economic impact payment. The letters will urge recipients to register at IRS.gov by Oct. 15 to receive their payment by year's end. .
Payments Source
SEPTEMBER 9, 2020
While companies may already have technology in place that supports efficient payments and collections in their home region, treasurers and finance managers need to reflect the diverse and evolving payment and collection demands of customers and suppliers in each market, says Standard Chartered's Tarek Elyafi.
PYMNTS
SEPTEMBER 9, 2020
Berkshire Hathaway plans to invest more than $570 million in cloud data company Snowflake , which has filed for an initial public offering (IPO) of stock. The deal comes as the pandemic has boosted the stock prices of cloud computing companies. The Financial Times reported that Snowflake’s updated IPO filing valued the company at $23.7 billion. The plan is for Warren Buffet’s Berkshire Hathaway to buy $250 million in shares direct from the company at the time of its IPO.
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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.
TheGuardian
SEPTEMBER 9, 2020
My friend and former colleague David Marsden, who has died aged 73 of cancer, was a social anthropologist committed to involving local people in development projects affecting them, and to promoting equity and sustainability. Continue reading.
PYMNTS
SEPTEMBER 9, 2020
Truepill , an online pharmacy powering delivery for direct-to-consumer healthcare brands, announced Wednesday (Sept. 9) that it closed on a $75 million Series C funding round. The San Mateo, California-based company said the cash will be used to introduce an at-home lab testing platform. The new service is expected to expand Truepill’s direct-to-patient capabilities.
CFPB Monitor
SEPTEMBER 9, 2020
Ballard Spahr LLP has submitted a comment letter to the OCC in support of its proposed rule , “National Banks and Federal Savings Associations as Lenders” (the “Proposed Rule”). As detailed in our letter, we applaud the Proposed Rule, which would establish a clear and logical bright line confirming and clarifying that a bank (or savings association) is properly regarded as the “true lender” when, as of the date of origination, the bank is named as the lender in a loan agreement or funds the loan
PYMNTS
SEPTEMBER 9, 2020
The stimulus payments may not have done much to, well, stimulate the economy at large. A recent report by the National Bureau of Economic Research (NBER) finds that recipients of the initial $2.2 trillion in stimulus checks tended to use those payments to bolster their savings or pay down debt – and only a small percentage of those surveyed actually spent that money.
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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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