PYMNTS
NOVEMBER 26, 2020
Thanksgiving is America’s most traditional holiday as, for generations, families have sat around the table to a turkey dinner with all the trimmings. And though there is some variety of opinions on what constitutes the correct, traditional trimmings line-up — mashed potatoes, sweet potatoes, stuffing and cranberry sauce tend to show up year after year on tables nationwide.
Bobsguide
NOVEMBER 26, 2020
The ISO 20022 messaging standard will see banks sending and receiving payment messages with far richer data than before. Many are – understandably – preoccupied with the practical challenges that this will bring, such as how they can translate between MT and MX message formats.
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PYMNTS
NOVEMBER 26, 2020
The traditional payroll cycle has been entrenched for employees and employers for decades, running on familiar rails and with well-known frictions. These longstanding frustrations have recently become more concerning for both parties, however, as the COVID-19 pandemic has made paycheck speed more essential for businesses’ cash flow reconciliation and employees’ bill-paying needs.
BankUnderground
NOVEMBER 26, 2020
Tommaso Aquilante, David Bholat, Andreas Joseph, Riccardo M Masolo, Tim Munday and David van Dijcke. Background. Covid-19 (Covid) has had heterogeneous effects on different groups of people. For example, it’s had larger negative impacts on contact-intense occupations ( Leibovici, Santacreu and Famiglietti (2020) ), low wage earners ( Joyce and Xu (2020) ) and low-income households ( Surico, Känzig and Hacioglu (2020) and Chetty et al (2020) ).
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
PYMNTS
NOVEMBER 26, 2020
Thierry Breton , EU's digital chief, says tech giants breaking the bloc's new rules could face fines or more severe punishments like breaking up their European businesses, Reuters reported. Breton is set to present the draft rules, called the Digital Services Act (DSA) and the Digital Markets Act (DMA). The new rules could affect major players including Facebook , Microsoft , Google and Amazon.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
NOVEMBER 26, 2020
Many banks, utility companies and government agencies have been leveraging two-factor authentication (2FA) for several years. This process requires consumers to provide not only their usernames and passwords to access services, but also an additional form of verification such as a biometric identifier or a code that can be emailed to them or sent via text message.
BankDeals
NOVEMBER 26, 2020
It’s sort of my blog tradition for Thanksgiving to look back at some of the best bank and credit union CD deals this year that we can be thankful for.
PYMNTS
NOVEMBER 26, 2020
Financial services trade groups are on Citigroup 's side in the case of the $900 million the bank accidentally sent to creditors last August, Bloomberg reported Wednesday (Nov. 25). So far, Citi has managed to get back around $390 million from the creditors. But the trade groups say Citi needs the other $500 million back, too. The case involved creditors for Revlon, some of whom who were expecting a periodic interest payment and others were involved in disputes with the cosmetics company.
FICO
NOVEMBER 26, 2020
As businesses use more and more analytics, keeping on top of those models, their changes and their performance is emerging as a greater challenge than ever. Turkey's Yapi Kredi, the fourth largest publicly owned bank in Turkey, is taking an advanced approach to AI model management by using FICO® Decision Central ™ to manage analytics models and decision logic across the enterprise.
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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
PYMNTS
NOVEMBER 26, 2020
Companies are making significant changes during the COVID-19 pandemic as they work to move past its disruptions and restore smooth operations. Business-to-business (B2B) payment practices are undergoing some of the most notable shifts as corporate buyers and sellers seek new transaction methods and tools to help them pay and be paid quickly. Old-school paper-based payment and billing methods have therefore become too cumbersome for most businesses with employees working remotely, and many are fi
The Paypers
NOVEMBER 26, 2020
Fraudsters have seized opportunities provided by the shift to online transactions due to COVID-19 pandemic causing networks’ fraud rates to increase by 60%, according to Feedzai.
PYMNTS
NOVEMBER 26, 2020
With regulators cracking down in China, FinTech leaders are scrambling for capital and trying to plan their futures, Bloomberg reported Wednesday (Nov. 25). Jack Ma 's Ant Group , once on the cusp of being the future of finance in the country, had its double initial public offering (IPO) shot down by the government earlier this year, and the government is now clamping down on the efforts of other big companies trying to do the same things.
The Paypers
NOVEMBER 26, 2020
Stripe has initiated talks to raise a new funding round valuing it higher than its last private valuation of USD 36 billion.
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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
Bankelele
NOVEMBER 26, 2020
The Africa Digital Media Foundation (ADMF) has published a comprehensive report on the state of the creative sector in Kenya and the needs, challenges, and ambitions of its participants. ADMF started the study with a questionnaire that was widely circulated and completed the research in July 2020 using online forums and tools. Summary of their […].
The Paypers
NOVEMBER 26, 2020
Mastercard and Citigroup have announced their collaboration, with Mastercard acting as the network partner for the launch of the Citi Plex account on Google Pay.
The Financial Brand
NOVEMBER 26, 2020
'COVIDnomics' expose more people to predatory lenders. With artificial intelligence traditional lenders can counter with advice and credit. The post How AI Can Help Financial Institutions Rescue At-Risk Consumers appeared first on The Financial Brand.
The Paypers
NOVEMBER 26, 2020
PagoFX , Banco Santander’s low-cost international money transfer service, has launched international money transfer service in Belgium.
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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.
The Financial Brand
NOVEMBER 26, 2020
Essential curiosity lies at the root of gathering data that helps banks and credit unions develop strong prospects and personalize service for consumers. The post Better Banking Service Begins with Deeper Data Analytics appeared first on The Financial Brand.
The Paypers
NOVEMBER 26, 2020
Square has entered into a definitive agreement with Credit Karma to acquire its tax business, Credit Karma Tax, on behalf of Cash App.
PYMNTS
NOVEMBER 26, 2020
Plagued by a deadly virus, toiling to jumpstart an economy in tatters and longing for a return to normalcy, the case could be made that giving up and starting over would be the smart thing to do. And yet, despite the hardship and impossible odds, the pilgrims of the Plymouth colony in 1620 stuck it out, and in doing so, laid the foundation for a nation that would grow to become the wealthiest, most abundant place on earth.
The Paypers
NOVEMBER 26, 2020
Identity Verification-as-a-Service solutions provider IDnow has published the latest figures on changes in fraud methods within the digital environment in its Cyber Security Report 2020.
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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.
PYMNTS
NOVEMBER 26, 2020
HSBC has launched its new HSBC Open Payments solution, which will enable companies to install alternatives to debit or credit for customers to pay for things, according to an emailed press release. The HSBC Open Payments application will let businesses connect their checkout pages with the customers' online apps or app-based mobile platform. Then the purchaser is given a request for pre-populated payments, and upon authorization, an "instant and irrevocable credit" is applied to the seller's acc
The Paypers
NOVEMBER 26, 2020
International payment service provider and direct bank card acquirer ECOMMPAY has announced the expansion of its payment system Open Banking by ECOMMPAY to Europe.
PYMNTS
NOVEMBER 26, 2020
It only seems fitting that a global pandemic would catalyze a global shift toward online shopping. As the busy year-end holiday season gets underway, PYMNTS looks at how eCommerce marketplaces around the world are preparing – and faring – in the new digital world order. Asia and China. It’s not possible to look at AsiaPac eCommerce trends without delving into the fast-growing metrics of its largest individual player: China.
The Paypers
NOVEMBER 26, 2020
HSBC has launched HSBC Open Payments, enabling businesses to offer customers an alternative to debit or credit cards for online payments.
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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.
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