Perficient

JANUARY 13, 2021

Doing business on B2B marketplaces has become increasingly popular for both buyers and sellers. B2B firms want to invest in effective methods to strategize and market products, serve new and existing customers through the digital purchasing experience and focus more on e-channels as means of significantly gaining business revenue. Mike Rabbior, Perficient’s Principal and Commerce Chief Strategist, was quoted in two separate sections of the ForresterNow Marketers: Make Sure B2B Marketplaces Are O

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PYMNTS

JANUARY 13, 2021

The problems are analog. The paper check, the paper invoice, slow accounts receivable (AR) processes and collecting on aging receivables can be difficult for even the most seasoned AR professionals. But digital-era help is on the way. Michael Shields , business line executive at FIS , told PYMNTS in a recent interview that artificial intelligence (AI) can streamline and modernize the order-to-cash process and improve collections on outstanding invoices, freeing up resources for innovation and im

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Perficient

JANUARY 13, 2021

You’ve worked hard on curating content for your Sitecore site. You’ve spent hours collecting the necessary information from various departments to create this new page. After all this work, it can be frustrating to not see it appear on the live site. Where did your work go? Why isn’t it showing up? This blog post is for you. There are 3 easy checks you can perform without ever needing to request help from a developer. 1.

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Abrigo

JANUARY 13, 2021

High-risk transactions identified To combat PPP fraud, the SBA Office of Inspector General (OIG) has collaborated with the U.S. Department of the Treasury Do Not Pay (DNP) Business Center. . Would you like other articles like this in your inbox? Takeaway 1 A new stimulus package has authorized another round of Paycheck Protection Program loans. Takeaway 2 To thwart PPP fraud, the SBA has collaborated with the U.S.

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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

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Perficient

JANUARY 13, 2021

Formally known as “pre-approved batches”, Oracle Project Management Cloud now has a new feature in Release 20B that enables workflow approval for project expenditure batches. This is fantastic news for maintaining the audit trail within Oracle. Historically, customers have always looked for a way to systematically approve Project Expenditure Batches.

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Perficient

JANUARY 13, 2021

Perficient is excited to announce our partnership with Exterro. Exterro is a leading software platform focusing on an area known as Legal GRC (Legal Governance, Risk, and Compliance). Exterro’s software is developed “by lawyers, for lawyers” and is a fully SaaS & a secure cloud native product that helps clients using older e-discovery tools to easily adopt cloud native software.

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PYMNTS

JANUARY 13, 2021

Starbucks announced on Tuesday (Jan. 12) that it is investing $100 million from now through 2025 to support small businesses located in minority neighborhoods. The aim of the Starbucks Community Resilience Fund is to support SMBs in areas “with historically limited access to capital,” the release said, to promote racial equality and environmental resilience.

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South State Correspondent

JANUARY 13, 2021

As shown in the graph below, we may be witnessing the end of a multi-decade bull run in bonds. After many decades of decline, interest rates may be on the rise for years to come. This development is creating an opportunity for community banks to book longer-term fixed-rate loans with higher profit margins. However, borrower demand is forcing banks to make loans with 5, 10, and even 20-year fixed-rate maturities.

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PYMNTS

JANUARY 13, 2021

The pandemic was a crushing blow for SMBs, with many of them pushed to the edge of survival and beyond. Still others rolled up their sleeves, pivoted their business models and embraced the digital-first economy. It’s a smart bet that for all of them, it was and still is a challenge to stay in business. Considering the circumstances, it’s impressive that so many of them maintain an optimistic attitude in the New Year, which is exactly the story told in Visa ’s new Back to Business Study — 2021 Ou

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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

South State Correspondent

JANUARY 13, 2021

Credit is always changing, and CenterState watches a variety of markers such as corporate bond credit spreads, vacancy rates, net effective rents and many others in order to help us understand credit. Three of those important credit metrics are the probability of default (POD) by industry, the rate of change of that POD, and the volatility of credit of each industry.

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PYMNTS

JANUARY 13, 2021

Billtrust , which works in accounts receivable automation and integrated B2B payments, has completed a special purpose acquisition company (SPAC) merger with South Mountain Merger Corp. , according to a press release. A SPAC merger means that the company is allying with a blank-check investment firm to help it go public without undergoing the process of an initial public offering (IPO).

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Payments Source

JANUARY 13, 2021

U.K. fintech Rapyd, backed by Stripe, has raised $300 million in a Series D round to fuel its growth through acquisitions in payment processing, card issuing and disbursements.

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PYMNTS

JANUARY 13, 2021

Goldman Sachs Global Head of Commodities Research Jeff Currie told CNBC the bitcoin market is maturing. “I think in any nascent market you get that volatility and those risks that are associated with it,” he said, according to CNBC, following a sharp tumble on Monday (Jan. 11), when it fell below $31,000, just days after breaching $41,000. Currie also noted that stability will come from increased institutional investment.

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Bitcoin New York cryptocurrency Report 202

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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

Payments Source

JANUARY 13, 2021

Cross-border payment processors are stitching together Latin America’s patchwork of local payment methods to facilitate the growth of international e-commerce marketplaces and digital content providers in the region.

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PYMNTS

JANUARY 13, 2021

Affirm , which provides installment payments to online consumers, priced its planned initial public offering (IPO) at $49 per share, higher than its marketed range of $41 to $44 per share, and is on track to raise over $1.1 billion, Bloomberg reported. The information comes from anonymous sources quoted by Bloomberg. Affirm, which will be the first major tech listing of the year, boosted its range earlier from $33 to $38 up to $41 to $44, in a filing with the Securities and Exchanges Commission

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Payments Source

JANUARY 13, 2021

Walgreens is collaborating with Synchrony to launching a cobranded credit card through with an eye on the convergence of digital tools for spending and health care.

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Cards Tools Retail 103

PYMNTS

JANUARY 13, 2021

The Google News Initiative (GNI) is rolling out a new open fund for up to $3 million to combat misinformation about COVID-19 vaccines, a blog post says. The " COVID-19 Vaccine Counter-Misinformation Open Fund " will aim to fight the misinformation that has been used to target specific demographics. The fund will be accepting applications from groups or companies attempting to broaden the audience of fact-checking, as some research suggests that the audiences who see the misinformation aren't the

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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.

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Payments Source

JANUARY 13, 2021

U.S. financial institutions should prepare for potential new regulations around data privacy and protection, digital identity verification and the use of biometrics, says OneSpan's Michael Magrath.

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PYMNTS

JANUARY 13, 2021

The 2020 holiday season was one for the history books, drastically different due to the pandemic limiting consumers’ in-person shopping experiences. Experts predicted that up to $190 billion would be spent online this year, a 35.8 percent increase from the previous year. The prevalence of online commerce opens new doors for digital fraud, however, both from career fraudsters and opportunistic customers.

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Fraud Analytics Data Retail 189

CFPB Monitor

JANUARY 13, 2021

In a development welcomed by industry members, the CFPB published today a “ Statement Regarding the Provision of Financial Products and Services to Consumers with Limited English Proficiency.” The Statement is intended to provide “compliance principles and guidelines to inform and assist financial institutions in their decision making related to serving LEP consumers.”.

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PYMNTS

JANUARY 13, 2021

Amid its continuing commitment to provide healthcare offerings and benefits to shoppers, Walgreens is growing its financial services offering with the help of Synchrony and Mastercard. In the months to come, the retailer will roll out Synchrony-issued credit cards in addition to a prepaid debit card that will be fueled by the Mastercard network, according to a Wednesday (Jan. 13) announcement.

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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

FirstInternet

JANUARY 13, 2021

At First Internet Bank, keeping your account and information safe and secure every day is our top priority. We use only the most current, top-rated network technology – like firewalls, encryption and secure sessions – to ensure that every one of your online transactions is protected. For example, our sophisticated bank software recognizes duplicate serial numbers of checks, similar to a Stop Payment request.

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Fraud Security Online Software 84

PYMNTS

JANUARY 13, 2021

Whether it’s Tesla CEO Elon Musk moving to Austin, Texas or large tech companies like Oracle pulling out of Silicon Valley, news of the great pandemic migration has been on the rise for months. As much as big names make headlines, the ongoing relocation trend is actually being driven by the so-called rank-and-file remote workforce who have embraced their newfound work-from-home (WFH) status and chosen to seek greener pastures elsewhere.

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American Banker

JANUARY 13, 2021

A co-founder of Anchorage Trust Co. said its digital bank, which will not take insured deposits, will enable the company to strengthen partnerships with financial institutions that offer custody services for clients’ cryptocurrency assets.

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cryptocurrency Digital Banking Company Regulation 92

PYMNTS

JANUARY 13, 2021

Business-to-Business FinTech-as-a-Service (FaaS) startup Rapyd has notched $300 million in a Series D funding round led by Coatue and including both new and existing investors. “The demand for online payments has skyrocketed following the restrictions due to the effects of COVID, and as a company, we are well placed to provide businesses across the globe with the solutions they need and to get them up and running fast,” Rapyd Co-Founder and CEO Arik Shtilman said in a Wednesday (Jan. 13) press r

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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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