ATM Marketplace
OCTOBER 9, 2020
Bitcoin ATMs have gotten a lot of press lately and it stands to reason that many in the ATM industry may be wondering if now is the right time to purchase a bitcoin ATM. Marc Grens, co-founder and president of DigitalMint, a cash-to-bitcoin providers discusses how to find the right bitcoin provider for your company.
Payments Dive
OCTOBER 9, 2020
The music industry has been hit hard by the coronavirus. Concerts and tours are cancelled leaving those in the industry, from the novice to the veteran, scrambling for revenue. Stem, a distribution and payments platform founded by Milana Rabkin Lewis, is ready to lend a hand to help artists through the pandemic and beyond.
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PYMNTS
OCTOBER 9, 2020
A government report found that airplanes have a number of digital technologies that might become susceptible to hackers and says American regulators have not put sufficient methods in place to contend with the risk, Bloomberg reported. Entertainment systems, wireless networks, technologies that send information back to earth without intervention and position broadcasts are some of the complex digital infrastructure on commercial airliners.
Payments Dive
OCTOBER 9, 2020
The coronavirus forced financial institutions to search out new ways to engage with customers.
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
OCTOBER 9, 2020
Consumers seeking out low- to no-touch payments options amid public health concerns have combined with an uptick in charitable donations and tips to boost the comfort with peer-to-peer (P2P) payment platforms, Silvana Hernandez , senior vice president of digital payments at Mastercard , told PYMNTS. Hernandez added that while there was no way to predict or prepare for the pandemic, she’s pleased that the existing payments infrastructure was in place for consumers to leverage — particularly durin
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
PYMNTS
OCTOBER 9, 2020
Online brokerage Robinhood , which offers a suite of tools aimed at making investing easy and comparatively cheap for the uninitiated, said on Friday (Oct. 9) that hackers may have gained information about customers' personal email accounts, Reuters reported. The wire service said a Robinhood statement indicated that the company’s internal systems were not compromised and that they are “actively working with those impacted to secure their accounts.”.
Payments Source
OCTOBER 9, 2020
Connected devices have become a popular way for retailers to mitigate human contact, turning forward-looking projects into near-term necessities. To keep this transition on track, NCR is using Microsoft's cloud.
PYMNTS
OCTOBER 9, 2020
With the holiday shopping season set to kick into high gear with Amazon Prime Day on Oct. 13-14, online merchants in America and beyond are preparing for the earliest, most aggressive selling season ever. Kenny Tsang , managing director at cross-border payments service provider PingPong , told Karen Webster that merchants must be ready — and must execute well.
Payments Source
OCTOBER 9, 2020
Every toy, gadget and good you see on YouTube could soon be for sale online -- not on Amazon, but right on YouTube itself.
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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
OCTOBER 9, 2020
The pandemic has sparked a digital shift of positive changes likely remain in place after the pandemic subsides, but it’s also spawned at least one unwanted thing: a range of new email attacks and scams. Leigh Reichel , new chief financial officer of cybersecurity firm INKY Technology Corp. , told PYMNTS that the FBI has found email fraud already costs businesses and individuals $3.5 billion a year — and that seems to be growing.
Bobsguide
OCTOBER 9, 2020
Banking and the wider financial services sector should be more concerned with big techs than fintech competitors, as they look to expand their offerings into products and services. Speaking on a Sibos 2020 panel, Michael King, Lansdowne chair in finance at the Gustavson School of Business at the.
PYMNTS
OCTOBER 9, 2020
The pandemic has cast a chill across the loan process, but Matt Harris , co-founder and CEO of Bloom Credit , told PYMNTS that a lack of credit data and creative alternative solutions might be causing even more lending problems. Harris said the main headwinds he currently sees are lenders’ inability to understand their customers’ financial plights, as well as a shortage of credit-building products to help people improve credit scores and get out of debt.
Payments Source
OCTOBER 9, 2020
New York-based earned wage access (EWA) startup Clair has raised $4.5 million in a seed fundraising round to target the small-business market.
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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
PYMNTS
OCTOBER 9, 2020
Venture capital funding landed at supplier payment and compliance automation firms this week, among other B2B innovators that raised money. PYMNTS rounds up the latest funding rounds below. Tipalti. The big B2B investment of the week was Tipalti , which landed $150 million in new funding on a $2 billion valuation. The valuation puts the accounts payable (AP) and mass payments company well into “unicorn” territory, meaning it is valued at over $1 billion.
ATM Marketplace
OCTOBER 9, 2020
The coronavirus forced financial institutions to search out new ways to engage with customers.
PYMNTS
OCTOBER 9, 2020
New York City-based FinTech startup Clair has raised $4.5 million in seed funding to disrupt payday lending schemes and help gig workers and freelancers get paid instantly. The funding was led by Upfront Ventures. Additional investors included Founder Collective, Walkabout Ventures, former Venmo COO Michael Vaughan and Seamless Founder Paul Appelbaum.
BankInovation
OCTOBER 9, 2020
The coronavirus pandemic has transformed wealth management. Wealth management and advisory has traditionally been an area of financial services that turned away from digital innovation and the use of advanced technology, with the understanding that complex financial decisions often require in-person conversations with experienced advisors who understand the ebb and flow of human life.
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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.
PYMNTS
OCTOBER 9, 2020
As it follows in the footsteps of other merchants, Apple is reportedly beginning to harness its collection of shops as distribution hubs for delivering merchandise, Bloomberg reported. Apple has usually shipped products such as computers, smartphones, accessories and tablets from warehouses. However, products in stock can be now delivered straight to shoppers from a collection of nearly 300 shops throughout Canada and the U.S., the news outlet reported, citing unnamed sources.
TrustBank
OCTOBER 9, 2020
During the quarter, equity markets continued to rise off their March lows as lockdown restrictions eased and the economy continued to recover. The S&P 500 returned 8.9% for the quarter and, through the first nine months of 2020, is up 5.6%. Markets began rallying after the government’s fiscal and monetary stimulus. While this was not an unprecedented motivator for markets, as we’ve discussed ( Are The Market Lows Behind Us?
PYMNTS
OCTOBER 9, 2020
Fraudsters are possibly the only ones relishing the changes wrought by the ongoing pandemic. The reverberating economic uncertainty and drastic shifts the pandemic has brought upon most industries have handed cybercriminals unique and multiplying opportunities to enact new and improved schemes. One study on six countries, including Canada, the U.K. and the U.S, found that 32 percent of consumers have been targeted by some type of pandemic-related fraud , for example.
BankInovation
OCTOBER 9, 2020
Sibos 2020 took place this week in a digital format. During a conference on robotic process automation, industry leaders discussed both the challenges and the opportunities of this technology. The Office of the Comptroller of the Currency, meanwhile, is trying to get charters into the hands of fintechs through a proposed payments charter. “There’s at […].
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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
OCTOBER 9, 2020
People are shopping more and they’re shopping for more. That’s the current state of play in Southeast Asia where social commerce is growing rapidly as brands try to find new ways to sell during the pandemic. According to research from solutions provider iKala , social commerce orders in the first half of 2020 more than doubled, while gross merchandise value (GMV) grew three-fold compared to 2019.
BankInovation
OCTOBER 9, 2020
The COVID-19 pandemic is changing how consumers make payments, according to consulting firm Capgemini’s World Payments Report 2020. Since April, over 38% of consumers found a new payments provider during the pandemic and are considering a more permanent switch, the report said. “COVID-19 has accelerated the rate of innovation within the payments space to quickly […].
PYMNTS
OCTOBER 9, 2020
Bitcoin and other cryptocurrencies are continuing to attract attention from authorities for all the wrong reasons. For instance, a new U.S. Justice Department report is taking aim at the “emerging threats and enforcement challenges” associated with digital currencies, establishing a “Cryptocurrency Enforcement Framework” to address problems. In unveiling the report , U.S.
BankBazaar
OCTOBER 9, 2020
Here are four tips that can give you peace of mind from a financial perspective, regardless of how old you are. Let’s get started? With the fast-paced world we live in, stress can and is certainly taking its toll on young adults all across the country. The pressure to ‘fit in’, to get good grades, land well-paying jobs, adhere to societal norms, among other things, all play a role in determining the mental state of adolescents and the youth of today.
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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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