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Google, Amazon Tech Help States Handle Jobless Claim Boom

PYMNTS

Google and Amazon Web Services are assisting Rhode Island, Kansas, Illinois and New York in processing the unprecedented number of unemployment claims prompted by the coronavirus crisis, The Wall Street Journal (WSJ) reported. Amazon’s technology has helped Rhode Island launch programs efficiently, state officials told the news service.

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World Central Bankers Discuss Alternatives To The Dollar

PYMNTS

The 2019 Kansas City Federal Reserve’s annual symposium gathered the top monetary policymakers worldwide to kick around ideas to topple the dollar’s power, Bloomberg reported Sunday (Aug. currency is probably healthy,” Posen told Bloomberg. “ … the idea that there’s a technological fix that will achieve it strikes me as mistaken.”.

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As The Online Tax Man Cometh, Will Smaller Retailers Embrace Marketplaces?

PYMNTS

consumers are expected to be shopping online by 2021. The ruling meant that online retailers could be mandated to collect sales tax — and taxes can be levied by states on firms that do not have physical presence in those states. The Role of Technology. More than 230 million U.S.

Taxes 116
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Community Bank Outlook: Challenges and Opportunities in 2021 and Beyond

Abrigo

Economy , supervisory and risk specialists from the Federal Reserve of Kansas outline top challenges and opportunities regarding the future of community banking. Technology is an obstacle and an opportunity. Technology can help streamline and automate many manual lending processes, reduce compliance costs, and enhance risk management.

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Building The Tire Shop Of The Future With On-Demand Service

PYMNTS

Consumers can purchase their selected tires online through Zohr’s website, via a personal mobile device, laptop or PC. Komal said that what distinguishes Zohr from other players is the proprietary in-house technology it has built to power the business. The company services the two metroplexes of Kansas City and Dallas.

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Ag lending outlook & top challenges

Abrigo

As farmers adjust their credit needs in response, banks with a higher share of agricultural loan activity (“ag banks”) may see demand for loans increase,” Kansas City Fed economist Francisco Scott said in a recent research report. Department of Agriculture projects a 4.5%

Lending 195
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ResTech’s Rising Prominence In Writing The Future Of The Industry

PYMNTS

Point-of-sale restaurant technology startup Toast recently held a secondary share offering that reportedly valued the company at $8 billion as restaurants and ResTech rebound from COVID-19 lockdowns’ depths. Island Grill in Kansas City, Mo., Jax Bell, general manager at Hawaiian Bros.

Industry 201