Sat.Sep 26, 2020 - Fri.Oct 02, 2020

Treasury Says PPP Loan Forgiveness Coming Soon

PYMNTS

Small business owners who have been waiting to have their Paycheck Protection Program (PPP) loan forgiven can breathe a sigh of relief. The U.S. Department of Treasury said Tuesday (Sept.

Check the video: The age of technology is here

Mobile Payments Today

Despite the rise of automation, technology can't replace the human-to-human interaction. Or can it? New technology and video kiosks helps businesses provide a personal touch in a technological world

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The future of the ATM industry: Transforming with technology

ATM Marketplace

Creating a great customer experience is only half the battle when it comes to branch transformation, according to William Budde, vice president, product marketing, for Hyosung America. The other half is creating a branch that can be effective and efficient by utilizing the right technology

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The four tech trends for banks to outmaneuver uncertainty

Accenture

In my last post, I talked about how the pandemic has pushed banks’ digital transformation efforts to historic heights, according to our latest report, “Driving Value and Values During COVID-19.” Our report also identified four key technology trends shaping the post-COVID future.

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5 Things a Data Scientist Can Do to Stay Current

DataRobot together with Snowflake – a leading cloud data platform provider — is helping data scientists stay current with the latest technology and data science best practices so that they can excel in an increasingly AI-driven workplace. Five Things a Data Scientist Can Do to Stay Current offers data scientists guidance for thriving in AI-driven enterprises.

Amazon One Lets Consumers Pay With Their Hand

PYMNTS

“Talk to the hand” will take on new meaning starting Tuesday (Sept. CNN reports Amazon has introduced the latest touchless way to pay at checkout. Dubbed Amazon One, the method allows users to pay with the palm of their hand at some of its stores.

More Trending

Interview with Jill Castilla – Leading Through Uncertain Times

Banker to Banker

While lots of banks talk about culture and innovation, few can execute. If you are looking to capture the mindset of what a culturally strong and innovate bank looks like, listen to the 30-minute interview with Jill Castilla, the CEO of Citizens Bank of Edmond.

Six key steps to mainframe modernization with cloud

Accenture

While cloud native development might be considered the “new normal,” mainframe still has a stronghold in the financial services industry due to its robust resiliency and massive compute capability.

SWIFT Launches Service For Low-Value Cross-Border Payments

PYMNTS

SWIFT , a global provider of secure financial messaging, announced a new service Thursday (Oct. 1) that promises to improve the experience for small and medium-sized businesses (SMBs) and consumers who send low-value payments across borders.

Rebeca Romero Rainey: Address customers’ hurdles

Independent Banker

“Just as we responded to the PPP loan curveball, so, too, have we been there to address the additional hurdles our customers face.”. When we flip our wall calendars to October, we’re regaled by images of pumpkins, ghosts and black cats. Halloween—the ultimate holiday.

The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

Should You Have a Minimum Loan Spread for Pricing?

Banker to Banker

Based on our observations, we estimate that somewhere between 20% and 25% of community banks have adopted a policy requiring minimum yield or credit spreads for their newly originated commercial loans.

A post-pandemic path forward for banking and capital markets

Accenture

In my last post, I talked about the significant impact of COVID-19 on the banking and capital markets (B&CM) value chain and how leaders are in a unique position to respond, reset and renew the finance function to lead confidently in the post-pandemic era.

Companies See Work From Home As A Security Threat

PYMNTS

Once rare, telecommuting has become routine during the pandemic. But the Financial Times (FT) reported moving from a furnished office space to a living room table can present cybersecurity risks. It comes as cybercriminals are already taking advantage of the pandemic.

Faster payments are complex, but consumer demand is high

Payments Source

Processing transactions quickly enough to serve digital commerce comes with arduous upgrades and complicated choices, but that's only the stick. The carrot is people like faster payments, so there's plenty of opportunities to boost payment revenue. Federal Reserve Venmo Faster payments ACH Zelle

The Empowered Consumer

When it comes to working with the empowered consumer, AI has the power to help your business thrive by leveraging your own data to better understand your customers. Read our ebook, The Empowered Consumer, to learn more about how AI can help you connect with your customers.

Stripe`s VC activities

Daily Fintech

Efi Pylarinou is the founder of Efi Pylarinou Advisory and a Fintech/Blockchain influencer – No.3 influencer in the finance sector by Refinitiv Global Social Media 2019. Stripe is in the spotlight this season.

Open Banking & CDR | Two business models for new value

Accenture

In our last post, we talked about how it was time for banks to start looking beyond compliance in Open Banking, or as it is enacted in Australia, the Consumer Data Right (CDR), and to imagine their role in the new application programming interface (API) and open-data economy.

Banks Push Back On Possible Banking Charters For Big Techs Like Amazon And Facebook

PYMNTS

A U.S. House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs).

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Mastercard, ACI offer tech to urge real-time payment adoption

Payments Source

Mastercard and ACI Worldwide are partnering to provide technology to help central bank infrastructure meet the demands of real-time payments during the COVID-19 pandemic and beyond. Real-time payments ACI Worldwide Mastercard

B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.

Top 6 Takeaways from the 2020 Symitar® Educational Conference (SEC) & TechConnect

Strategically Speaking

It’s been said that the real troubles in life are apt to be things that never crossed your worried mind – the kind that blindside you at 4 p.m. on some idle Tuesday.

Next-gen central banking | Part 5: Building the workforce of the future

Accenture

The introductory report in this series explains why central banks should focus on five areas to become the digital regulators of tomorrow.

‘What Did You Change?’ 34 Payments Execs Weigh In On Payments, The Pandemic And New Possibilities

PYMNTS

The end of the third quarter of 2020 offers a moment to look back — and ahead — as a year unlike any other is (a bit more) than three quarters finished. It may be hard to remember, but when 2020 dawned, unemployment was near historic lows, at about 3.6 percent.

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Fiserv wants to bring open banking, payment apps downmarket

Payments Source

There’s no PSD2-style law requiring banks in the U.S. to share data with third-party payment apps, but the market is progressing as if there will be one, leaving some smaller banks at a disadvantage. Fiserv Data management Payment processing APIs

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Data Science Fails: Building AI You Can Trust

The new DataRobot whitepaper, Data Science Fails: Building AI You Can Trust, outlines eight important lessons that organizations must understand to follow best data science practices and ensure that AI is being implemented successfully.

Insurtech Funding A Catalyst for Digital Health

Daily Fintech

A few recent developments in health insurance are noteworthy. Two of these were sizeable fund raises, distinctive from general trends. The third saw a large insurer unveil its ecosystem roadmap. The events in discussion are: Oscar Insurance raised $225 million recently, $1.5 billion till date.

Trends 108

Collaboration and CX key to surviving the new normal in equipment finance

Accenture

Equipment finance organizations face interesting times. Not only are we seeing the speed of digital change accelerate in the industry; companies are also wrestling with what the new normal will look like in the wake of the COVID-19 pandemic.

Trends 202

Report: Not One PPP Loan Has Been Forgiven

PYMNTS

More than 5 million small- to medium-sized businesses ( SMBs ) received $525 billion from the Paycheck Protection Program (PPP), the popular federal rescue initiative passed by Congress in March.

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Funerals present a distinct risk for payment fraud

Payments Source

From a fraud prevention perspective, there are several difficulties in detecting and stopping funeral home fraud, says The ai Corporation’s James Crawshaw. Risk Payment fraud Payment processing Money laundering

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Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.