Uncovering the Hidden Efficiencies in Loan and Deposit Operations

Gonzobanker

Addressing common loan and deposit operations process inefficiencies can help financial institutions deliver optimized value to customers and stockholders. Now, a shift is under way in FIs’ operational units as the conversation turns to transforming legacy banks into “smarter banks.”.

Travel Management Firm CWT Pays $4.5M In Bitcoin To Hackers

PYMNTS

Corporate travel manager CWT paid $4.5 According to computer security firm McAfee, criminals have been using RagnarLocker since late 2019. Security & Fraud Bitcoin CWT fraud Hackers hacking News ransom Security travel travel management What's Hot

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NCR Looks To Buy ATM Operator Cardtronics For $1.7 Billion

PYMNTS

Retail and hospitality technology firm NCR Corporation is looking to acquire ATM operator Cardtronics for $39 per share, or about $1.7 NCR’s $39 per share all-cash offer topped Apollo Global Management’s earlier bid for $35 per share to acquire Cardtronics, Bloomberg reported.

Visitor Management Surges As Companies Look To Safely Reopen Post-COVID

PYMNTS

Add “lobby and visitor management” to the list of tech industries that have seen a spike in demand as companies contend with an ever-changing list of COVID-19-era requirements needed to safely and swiftly move people and packages in and out of their businesses.

MLOps 101: The Foundation for Your AI Strategy

Machine Learning Operations (MLOps) allows organizations to alleviate many of the issues on the path to AI with ROI by providing a technological backbone for managing the machine learning lifecycle through automation and scalability.

The To Do List for Security Token Platform operators

Daily Fintech

Sheldon Freedman will return next week with the last of his 4-parter on Security Tokens. What do entrepreneurs and investors want and how do their needs offer a To Do List to Security Token platform operators? Security Tokens can tokenise just about any asset. To Do List for Security Token platform operators. These are the 5 things that Investors want from a good Security Token platform. What entrepreneurs want from a Security Token platform.

Mastercard Selects New President For European Operations

PYMNTS

He will be tasked with developing strategy, direction and comprehensive success of Mastercard’s operations across 53 countries in Europe. Barnett will join Mastercard’s Management Committee on June 1 and will report to Gilberto Caldart, president of international for Mastercard.

Operation BLACKHAT

Perficient

Operation BLACKHAT. He conducts a meeting with his security group, “WHITEHAT” to proceed with the investigation. He has hired other gang members for this operation. The blackhat hired him to research the security gaps to avoid any faults in this plan and report the same.

How Customer Reviews Provide Lifeblood For Restaurant Operations

PYMNTS

How Customer Reviews Provide Lifeblood To Restaurant Operations. Customers can find out where their peers are happily returning after good experiences, for example, while eateries can invest time in digital platforms that provide prospective diners with information to secure their patronage.

New Year’s Resolution: The Clearing House Urges Banks To Become 24/7 Operations

PYMNTS

To do that, and to clear the next hurdle, Whisler said many financial institutions (FIs) still need to “modernize internally to be a 24/7 operation shop.”. “It’s And lastly, it will be critical to continue to innovate in a way that is still safe and secure.

Mastercard: Digital Identity Aligns Security With Consumer Experience

PYMNTS

After countless data breaches and hacker attempts on their personal data, consumers are pretty well fed-up with the problem and have taken on a zero-tolerance stance, the recent PYMNTS and NuData Securing eCommerce study said. Smoothing Out The Secure eCommerce Journey .

Today In Digital First Banking: Wells Fargo To Sell Asset Management Operation; FDIC Says Bank Profits Fell 36.5 Pct In 2020

PYMNTS

In today’s top news in digital-first banking, Wells Fargo announced that it has made a deal to sell its asset management business for $2.1 Wells Fargo To Sell Asset Management Business For $2.1

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Mastercard, SAP Concur Team On APAC Expense, Invoice Management

PYMNTS

Payments heavyweight Mastercard and longtime expense management player SAP Concur are jointly offering an expense and payments management package to companies operating in the Asia-Pacific (APAC) region, the two firms announced in a press release.

Oiling The Many Moving Parts Of Cash Flow Management

PYMNTS

Managing financial data across a vast array of platforms, including accounts payable, accounts receivable, accounting and ERP systems, creates a challenging environment in which to understand cash positions and forecast cash inflows and outflows.

Auto Dealers Face Gap Between Tight Risk Management And Comfy Customer Experience

PYMNTS

To that end, Mark Luber , chief product officer at Equifax , told Karen Webster that in an increasingly digital world, lenders being targeted by fraudsters need better methods of identifying security gaps — before the bad actors breach their defenses.

Widening Procurement's Scope Of Vendor Risk Management

PYMNTS

The dreaded data breach has organizations prioritizing third-party risk management in the procure-to-pay workflow. But when it comes to managing suppliers — and the potential threats they may present to the enterprise — the risks reach far beyond IT-related problems.

IoT Device Security Flaws Stalk Medical Providers, Blunt Innovation

PYMNTS

Unfortunately, these devices are a challenge to secure, and hackers have taken note. Tshuva even goes so far as to say that hacking concerns due to security flaws have held innovation back. Security Before Connectivity.

Verizon Buys Drone Operator

PYMNTS

16) it has inked a deal to acquire private drone management software firm Skyward for an undisclosed amount. In a press release , Verizon said Skyward, which is based in Portland, adds drone management to the Verizon IoT portfolio, making drone operations easier to manage for any size company. companies rely on Skyward to manage drone operations, improve safety and lower operating costs.

Supplylogix Secures Pharmaceutical Inventory Management Patent

PYMNTS

Logistics company Supplylogix has reportedly secured a patent pertaining to inventory management technology, reports in Citizen Tribune said Friday (April 20). We are committed to developing innovative, industry-leading technology that delivers practical supply chain intelligence solutions,” the firm’s vice president and general manager Clay Courville said in a statement.

Twitter Updates Users On Security Breach

PYMNTS

Twitter continues to inform users about its investigation into a massive security breach two weeks ago when hackers seized control of the celebrity accounts of Joe Biden, Kim Kardashian, Bill Gates and dozens of other A-listers.

Ready Or Not, Faster Payments Will Impact Corporate Operations

PYMNTS

Some industry experts are beginning to challenge that notion, though, particularly when it comes to internal cash flows and treasury management processes. However, regardless of how corporates adopt faster payment technologies, many experts agree that the acceleration of payments in the country will have profound effects on the broader financial services space, and those changes are likely to impact how companies manage money and operate in a new ecosystem of payments innovation.

Banks Turn To AI To ‘Get Serious’ About Credit Lifecycle Management

PYMNTS

On top of that, there is increased profitability and potential operational savings in terms of offering higher credit limits, new products and new product designs. Artificial Intelligence artificial intelligence banking Brighterion credit Featured News News pymnts tv risk management video

Debit Account Validation Manages ACH Fraud Amid Faster Payment Changes

PYMNTS

A reasonable standard, explained Solis, is based on a number of factors, such as the volumes and types of transactions and the vertical in which the business operates. Faster Payments ACH faster payments Featured News fraud GIACT KYC NACHA News Security

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Farmhouse Market’s Remotely Operated, 24/7 Grocery Store

PYMNTS

Rasmusson and her husband, Paul, believed that 24/7 accessibility was important to providing a convenient, automated service, but they were unable to manage or afford staffing the store around the clock. The pair ultimately designed a concept that could operate without any on-site staff to solve this quandary. “We Designing For Security And Remote Management . The market’s security system and video cameras further help identify potential shoplifters or other issues.

Citi Implements DLT to Manage Cash, Securities in Its Back Office

Bank Innovation

Citi is now using distributed ledger technology to manage collateral and send cash and securities in a single click, Citi announced last week. The financial services organization will be using the “blockchain-inspired software,” as it is termed in a statement released December 15, to help reduce the cost of its back office operations, and for […].

Financial Firms Turn To Insurance For Operational Risks

PYMNTS

Cyber crime, cyber attacks and rogue traders have cost banks around the globe a lot of money, and they are increasingly turning to insurance firms to counter those so-called operational risks. According to a report in Reuters , insurers have said they can protect lenders by giving them more expertise on financial and operational risks. In one instance in which that wasn’t the case, Credit Suisse last year sold a bond that was tied to the operational risk of the bank.

Goldman Gets Green Light To Operate Bank In South Africa

PYMNTS

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. The filings also indicated that interest income would be spread across operating segments.

Investments, Financial Management, and Even Some Virtual Reality: Finovate Day 2

Bank Innovation

– Day 2 of Finovate saw a seeming parade of wealth management and investment solutions, but the final one included a new twist — virtual reality. Capital Cards Commerce Compliance E-Commerce Innovations Insurance Lending Marketing Mobile Online Operations Payments PFM Retail Risk Security Social Media Startups Technology Twitter Wealth Management Wearables Finovate fintech startupsSAN JOSE, Calif.

Respond Software Closes $20M In Funding To Boost Operations

PYMNTS

Respond Software announced that it has closed a $20 million Series B funding round, led by ClearSky Security, with participation from previous investors CRV and Foundation Capital. The company, which develops Robotic Decision Automation (RDA) software for security operations, will use the funds to boost operations, and expand customer success teams across the globe. “We Investments expansion funding investments News Respond Software Security software What's Hot

Hazeltree, Goldman Team On Corporate Treasury Management

PYMNTS

The solution will work to reduce costs for treasurers managing cash and foreign exchange, according to the release, putting Hazeltree’s treasury management, security and payment workflow solutions with Goldman’s tech-forward solutions.

Homeland Security Researchers Find Security Holes In Mobile Devices

PYMNTS

Department of Homeland Security researchers have reportedly found many security vulnerabilities in mobile devices sold by U.S.-based According to the report , which cites Vincent Sritapan, a program manager at the Department of Homeland Security’ s Science and Technology Directorate, the flaws enables users “to escalate privileges and take over the device.” Researchers are expected to announce more details about the security flaw later this week.

Collaboration Spurs Treasury Management Innovation

PYMNTS

Patrick Moore , executive vice president and head of Capital One ‘s Treasury Management Product Management group, told PYMNTS that these collaborations offer the ability to integrate niche FinTech capabilities into Capital One’s broader range of services. For any new FinTech company, securing a deal with a financial giant is good news. The seed of FinTech innovation often comes from a desire to do things differently.

Businesses Fail To Manage Risk Despite Preparing For ‘Major Crisis’

PYMNTS

“This report looks to identify and unpick the challenges, and opportunities, that companies are facing today as they manage risk and enhance their corporate value,” he said in a statement announcing the report. “More must be done to ensure sufficient infrastructure and processes are in place to proactively manage business threats in 2019.” One-third of companies acknowledge their data security practices are sub-par.

Report: Banks Put CFOs In The Cash Management Driver’s Seat

PYMNTS

The Corporate Cash Management Playbook provides a roadmap illustrating how banks and their technology partners can leverage cloud technologies, application programming interfaces (APIs) and microservices to get a firm grip on cash management and liquidity.

Deep Dive: How Businesses Solve Capital Management Conundrums

PYMNTS

Businesses of all sizes struggle with capital management, regardless of whether they employ staff or seek out third parties to handle their cash flows, accounts payable (AP) and accounts receivable (AR) processes and other related tasks. Automating Capital Management.