PYMNTS

OCTOBER 11, 2020

European Union (EU) regulators are drawing up a list of up to 20 large internet companies, possibly including Facebook and Apple, to be targeted with far more strict regulations in the future to limit their market power, according to a report from the Financial Times (FT). Large platforms on the list will have to deal with the tougher regulations as opposed to smaller companies, such as new rules forcing them to share data and offer transparency on how they gather information, sources told FT.

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Payments Source

OCTOBER 11, 2020

As the House of Representatives enters the 2020 election season, the outcome stands to encourage or rein in a group of technology companies that are encroaching deeper into financial services.

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Fintech Groups Payments Technology 140

PYMNTS

OCTOBER 11, 2020

The country's former top cyber spy said the pandemic has created conditions that have left companies more vulnerable to cybercrime than they previously were, the Financial Times (FT) reported. Ex- National Security Agency head Michael Rogers shared the assessment prior to appearing at an event FT is hosting. Because so many employees are working remotely, Rogers told FT, "the attack surface has just exploded.".

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BankBazaar

OCTOBER 11, 2020

With COVID-19 causing pay cuts and job losses, here’s a handy guide to ensure a smooth transition from a double-income household to a single-income one should the situation arise. There’s no doubt that two incomes help create a nice financial cushion for married couples. It’s only natural to be disheartened when one member loses his or her job.

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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

OCTOBER 11, 2020

Representatives of grocery-delivery powerhouse Instacart have met with investment bankers to explore taking the company public, the Financial Times (FT) reported. News of the potential public offering comes as Instacart announced on Thursday (Oct. 8) that it had received $200 million in new capital from existing investors Valiant Peregrine Fund and D1 Capital Partners, boosting Instacart's valuation to $17.7 billion.

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PYMNTS

OCTOBER 11, 2020

Bulgaria's Paynetics said it has agreed to acquire “some of” the England and Ireland assets of disgraced Wirecard, according to an announcement on its website. “The deal will see Paynetics work with corporate customers, who have previously relied on Wirecard for card issuing and payment services, to adopt Paynetics for the continuation of their existing card programs,” the announcement states.

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The Financial Brand

OCTOBER 11, 2020

Personalized insights driven by deep customer understanding are what will make banks and credit unions stand out in the 'next normal.'. The post Three Steps Banks & Credit Unions Can Take to Max Digital Engagement appeared first on The Financial Brand.

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PYMNTS

OCTOBER 11, 2020

A federal judge Friday (Oct.9) denied a request by Epic Games to make Apple reinstate Epic's Fortnite game on its App Store before a lawsuit Epic brought against Apple is resolved at trial, according to The Wall Street Journal (WSJ). Epic sued Apple in August, accusing the technology giant of violating laws that restrict anti-competitive behavior. The suit, filed in federal court for the Northern District of California, alleges Apple has harmed both game-makers and payment processors and asks th

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The Paypers

OCTOBER 11, 2020

Paynetics UK , a fintech payment service provider and part of the Paynetics Group, has announced that it has acquired some of the assets of Wirecard UK & Ireland.

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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

OCTOBER 11, 2020

Europe is falling back into COVID-19's grip as the virus delivers a harsh rebuke in country after country whose residents thought they'd beaten it, The New York Times reported. The publication's assessment was based in part on a speech by European Central Bank Chief Economist Philip R. Lane delivered digitally to a meeting of the U.S. National Association for Business Economics.

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American Banker

OCTOBER 11, 2020

The South Carolina company has agreed to buy the parent of Security Federal Bank.

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South Carolina Tennessee Community Security 34

PYMNTS

OCTOBER 11, 2020

Some Silicon Valley companies are suggesting workers who relocate to remote locations should have their pay reduced to reflect their new lower costs of living — and employees are none too happy about it, the Wall Street Journal reports. “In an era where companies rain free food, massages and yoga studios on their software engineers, the cold rationality of geography-based pay risks alienating employees used to being courted,” the WSJ article states.

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The Financial Brand

OCTOBER 11, 2020

The top 100 banks using Facebook, Twitter, YouTube and Instagram ranked by Likes, Views and Followers for the third quarter of 2020. The post Top 100 Banks Using Social Media for the Third Quarter of 2020 appeared first on The Financial Brand.

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social media Branding 25

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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

OCTOBER 11, 2020

Cloud-based employment benefits provider Selerix Systems is working with Paycor , a provider of human capital management (HCM) solutions, to debut a new, real-time application programming interface (API) integration system, according to a press release. With the partnership, groups on Selerix's BenSelect platform will now have access to a seamless synchronization process for their data with Paycor's payroll software, the release stated.

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The Financial Brand

OCTOBER 11, 2020

The top 100 banks on Instagram ranked by their total number of followers through the third quarter of 2020. The post Top 100 Banks on Instagram for the Third Quarter of 2020 appeared first on The Financial Brand.

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Branding social media 21

PYMNTS

OCTOBER 11, 2020

New York private equity firm GenNx360 Capital Partners has acquired B2B Industrial and the assets of AMW Packaging Supply , which will give the company a boost in the industrial packaging space, according to a press release. Both companies work in packaging supplies and equipment, and both also offer tool and equipment servicing and repairs, the release stated.

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The Financial Brand

OCTOBER 11, 2020

As the recession redraws the consumer landscape most financial institutions can apply better analytics to information they already possess. The post How Data Will Help You Retain Deposits in the Post-COVID World appeared first on The Financial Brand.

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Data Analytics Branding Marketing Strategies 20

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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

OCTOBER 11, 2020

If your web search for Levi's or Tommy Hilfiger turns up a result that look a lot like a QVC show, don't assume you were misled or clicked an errant link. The Wall Street Journal (WSJ) reports some of the two retailers' recent online advertising looks a lot like segments of the home shopping channel. A glimpse at Youtube video of a recent live shopping event Hilfiger posted on its official channel Sept. 29 gives a sense of the brands' approach.

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The Financial Brand

OCTOBER 11, 2020

The top 100 banks on Facebook ranked by their total number of 'Likes' through the third quarter of 2020. The post Top 100 Banks on Facebook for the Third Quarter of 2020 appeared first on The Financial Brand.

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Branding social media 19

PYMNTS

OCTOBER 11, 2020

Santander Bank has announced three high-level appointments, two overseeing lending operations and another overseeing marketing, according to a press release. Patrick Smith was named head of Small Business Banking. Smith is new to the bank and will be based in Boston, overseeing the strategic direction, product pricing and portfolio management of the Small Business Banking division, Santander stated in the announcement.

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The Financial Brand

OCTOBER 11, 2020

The top 100 banks on YouTube ranked by the total number of all-time video views they generated through the third quarter of 2020. The post Top 100 Banks on YouTube for the Third Quarter of 2020 appeared first on The Financial Brand.

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Video Branding social media 17

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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

OCTOBER 11, 2020

Bitcoin continued its upward trend over the weekend with prices near $11,500, according to CoinDesk , with the spike likely tied to the possibility of more U.S. stimulus funds. That’s the first time in a month the price has been that high, CoinDesk writes, with the last time it happened being Sept. 2. On Friday (Oct. 9), the White House extended an offer of a $1.8 trillion stimulus package that President Donald Trump said was a move to “go big” after stimulus negotiations have been tied up for m

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Bitcoin Virginia Software Trends 291

The Financial Brand

OCTOBER 11, 2020

The top 100 banks on Twitter ranked by the total number of their Followers through the third quarter of 2020. The post Top 100 Banks On Twitter for the Third Quarter of 2020 appeared first on The Financial Brand.

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Branding social media 17

PYMNTS

OCTOBER 11, 2020

U.S. officials with the Department of Transportation and Homeland Security are aiming to open up travel between New York and London by the holidays as more COVID-19 tests become available, The Wall Street Journal (WSJ) reported. The proposal involves shorter traveler quarantine periods, according to WSJ. The idea, according to an anonymous Homeland Security official quoted by WSJ, is to “safely encourage trans-Atlantic travel while mitigating public-health risks.".

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The Financial Brand

OCTOBER 11, 2020

The top 100 credit unions on Instagram ranked by their total number of followers through the third quarter of 2020. The post Top 100 Credit Unions on Instagram for the Third Quarter of 2020 appeared first on The Financial Brand.

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Branding social media 15

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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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