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Truist hastens cost-cutting, delays core conversion

American Banker

The North Carolina regional created by the merger of BB&T and SunTrust is saving money by shedding office space and reworking vendor contracts, but it was forced to put its systems integration on hold for up to a year to prioritize tech upgrades tied to the pandemic.

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Grocers Struggle To Meet Panicked Demand In US, UK

PYMNTS

Walmart has seen grocery delivery outages in places like Tennessee, Nevada, North Carolina and Georgia, among other regions. The stores are empty,” one manager said. Many companies are scrambling to add staff or servers to handle all the web traffic.

Meeting 140
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Sageworks’ speakers tackle tough banking topics

Abrigo

Sageworks banking industry experts are winding down a busy year of disseminating information and facilitating discussions on regulatory changes, such as the FASB’s upcoming move to the current expected credit loss model (CECL), and on best practices for portfolio risk management and credit analysis.

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Walmart Teams With Ford, Postmates For Delivery Program

PYMNTS

According to the blog post, the retailer currently has grocery delivery available in almost 100 metro regions and “is continuing to innovate to find new ways to serve customers – better, faster and easier.”. households. Walmart U.S. So, we are on a mission to do more than keep a little extra money in their pockets.

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Uber Freight Rolls Out Platform For Shippers To Access Its Network

PYMNTS

21) that it is rolling out a platform to enable shippers to tap into the company’s network and manage shipments from a personal computer. Uber Freight is expanding its services, announcing in a blog post on Tuesday (Aug.

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Standard Chartered Woes Extend To Expense Account Fraud

PYMNTS

There are “dozens” of cases of such fraud across those regions stretching back three years, said the newswire. The expenses had been approved by management, with little in the way of receipts or justification, according to sources.

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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

” As a regulatory body, the OCC said it will focus on the following to address the increasing risk: • Execution of bank strategic plans and management of strategic risk. • Liquidity risk management and adequacy of contingency funding plans. • Vendor and third-party management processes. The OCC on Oct.