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Farm Bureau Bank to boost tech spend on loan origination modernization

BankInovation

SAN DIEGO — The $800 million Farm Bureau Bank is boosting its current technology expenditure by as much as 15% as it modernizes its auto loan systems. We're going to probably spend 15 times more than what we're doing now, but I'm going to show where the savings are,” Chief Operations and Technology Officer Mark […].

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Automakers Worry That Qualcomm Appeal Could Boost Cost Of 5G Cars

PYMNTS

If microchip supplier Qualcomm wins its case on appeal, the cost of connected cars using 5G technology will skyrocket, automakers and suppliers said in court filings on Friday (Nov. The legal saga started in 2017 when the FTC accused Qualcomm of operating a monopoly and charging exorbitant licensing fees. 29), Reuters reported.

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Stepping Into 21st Century Hospitality With Apartments And Technology

PYMNTS

As a result, the company can architect all the elements of its operation from technology to process and its people from the ground up with insight from the current day. In the future, the company aims to provide more space as well as amenities and technology, among other plans. The Market.

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UPS Looks To Drones To Speed Up Delivery

PYMNTS

The company is also looking into extending its hours of operation and deploying autonomous delivery automobiles. “In In 2019, UPS launched more new services and operational innovations than in any year in the company’s recent history,” said UPS Chairman and CEO David Abney. “We

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UCSD Tests New Drone Deliveries For Medical Products

PYMNTS

A new drone delivery program by Matternet , and operated by UPS , will fly blood samples and other medical necessities to those in need, according to reports. The new program will be inaugurated at UC San Diego (UCSD) Jacobs Medical Center, where medical items will be flown between various medical facilities.

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Report: Amazon Slows Alexa Staff Hiring To Improve Margin

PYMNTS

Amazon has put some hiring on hold in its Alexa operation amid the pandemic, Bloomberg reported, citing two unnamed sources. The six targeted cities include New York, Phoenix, San Diego, Detroit, Dallas and Denver and will be a part of an investment in excess of $1.4

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Bluetooth Security Flaw Makes Data Vulnerable To Attack

PYMNTS

The industry group behind Bluetooth standards has since updated the specification to ban overly short encryption keys, and companies including Microsoft and Apple have rolled out operating system patches to fix the flaw in their recent regular updates. But the technology also makes it easier to counteract attacks.

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