Reports of my (banks) death have been greatly exaggerated

Chris Skinner

Sure, sure, you’ll immediately go: “but you say that all the time Chris” but, if you check back on what I’ve written, I’ve only ever said that banks will die … The post Reports of my (banks) death have been greatly exaggerated appeared first on Chris Skinner's blog.

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JPMorgan Employs Machine Learning For Expense Reports

PYMNTS

JPMorgan Chase has been using artificial intelligence (AI) and machine learning to process expense reports and check them for compliance, according to Bloomberg. Last year, Wells Fargo got rid of a number of employees for lying on expense reports. .

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A Strong January Employment Report

Abrigo

This morning’s Employment Situation report from the Bureau of Labor Statistics showed decent strength in labor markets. The post A Strong January Employment Report appeared first on Abrigo.

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2020 Buy Button Report: Some Uses Pushing It

PYMNTS

In the new 2020 Buy Button Report: Customizing Implementation To Boost Conversion , the neck-and-neck race between Amazon Pay and PayPal to shave the most time off checkout (and convert at a higher rate) rages on, as it has done almost since PYMNTS established this index.

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Capital One Offers Free Business Credit Reports

PYMNTS

According to a recent Capital One survey, nearly 31 percent of small business owners have either never heard of business credit reports or are not educated about them, despite the fact that managing their credit can enable them to access more funding, establish partnerships and grow their businesses.

Report: Holiday Sales Are Best Since 2013

PYMNTS

A new report by Bank of America Merrill Lynch Global Research said this holiday shopping season has been the best since 2013, according to a report by Bloomberg. The report said year-over-year sales, however, should be stronger.

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Goldman’s Reporting Revamp Spotlights Its Consumer Focus

PYMNTS

If you can’t beat ’em, join ’em — at least when it comes to reporting structure. To that end, investment banking giant Goldman Sachs said it has revamped its reporting into new segments.

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The Blockchain Report 2020

CB Insights

REPORT HIGHLIGHTS: Bitcoin was on top until the coronavirus hit. The post The Blockchain Report 2020 appeared first on CB Insights Research “Crypto not blockchain” was the dominant narrative in 2019.

MYOB Suffers Payroll Reporting Glitch

PYMNTS

Australian small business cloud accounting company MYOB was managing a system glitch last week after it confirmed hundreds of payroll reports known as group certificates or payment summaries were sent to the wrong recipients.

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State Regulators Report: Money Services Firms Handled $1.2T In 2017

PYMNTS

As noted by the Conference of State Bank Supervisors (CSBS), state regulators earlier this month released the inaugural Money Services Business Industry Report, which featured transaction data tied to 2017 and focused on licensed money transmission and payments.

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NEW REPORT: How X-Border Receivables Save Rhinos

PYMNTS

In fact, a recent report found 75 percent of surveyed merchants had walked away from a cross-border business opportunity due to fear of non-payment from a global trading partner. For a roundup of the latest notable news and trends in the cross-border receivables space, check out the report.

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Popular Millennial Site Bleacher Report Dives Deep Into Sports Betting

PYMNTS

Bleacher Report, a millennial-focused sports website, has been steadily expanding into the sports betting space, attracting a new generation of gamblers who don’t consider sports gambling a bad thing, according to a report by CNBC.

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Report: Worldwide Accounts Payable Software Market To Reach $1.567M

PYMNTS

Zion Market Research released a report about the accounts payable software market on Wednesday (March 20), estimating the market will reach about $1,567 million by 2025, according to a release by the company.

FinCEN Clarifies Requirements of Reporting Financial Transactions

Abrigo

In an effort to enhance regulatory efficiency and capture complete, accurate Currency Transaction Report (CTR) data to law enforcement, FinCEN has issued an administrative ruling regarding CTRs (FinCEN Form 112).

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US Eases New Banking Rule On Reporting Bad Loans

PYMNTS

1 accounting standard known as “current expected credit loss” (CECL) in an effort to bolster loans in the wake of the coronavirus, the Wall Street Journal reported on Friday (March 27). Bank regulators have rolled back the Jan.

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Kountable Launches SMB Credit Reports Based On Execution Behaviors

PYMNTS

Kountable announced it has launched credit bureau reporting for SMBs in Rwanda and Kenya based on how well they execute on projects. B2B Payments B2B credit report Kenya Kountable News Rwanda small business financing What's Hot In B2B

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Judo Capital Taps VERMEG For Reporting Compliance

PYMNTS

Australian challenger bank Judo Capital has chosen VERMEG , a leading banking and insurance software solution company, to meet its Australian Prudential Regulation Authority (APRA) reporting requirements as it pursues its full banking license.

Fitbit Reportedly Mulls Possible Sale

PYMNTS

Under its challenges of moving to smartwatches from fitness trackers, Fitbit has reportedly been in discussions with an investment bank surrounding the possibility of looking into a sale. have cornered a greater market share with their devices, Reuters reported.

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EU Report Calls For Finance Authorities, AML Oversight

PYMNTS

European Union lawmakers released a report on Wednesday (Feb. 27) recommending that the EU create a police unit dedicated to the investigation of tax and financial crimes, as well as a watchdog organization to fight money-laundering, according to a report by Reuters.

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Global Fintech Report Q3 2019

CB Insights

In our Q3’ 2019 report, we cover macro trends across global geographies and regions within the United States. . The post Global Fintech Report Q3 2019 appeared first on CB Insights Research Globally, fintech deals rebounded slightly in Q3’19, but will likely fall short of 2018’s record.

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NEW REPORT: Are AI And ML Actually Transforming Retail?

PYMNTS

To learn more about how businesses are leveraging AI and ML technology to optimize their customer experience, click here to download the report.

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Accounting Expertise In C-Suite Can Compromise Financial Reports

PYMNTS

It’s common sense that a corporation would want its C-Suite to have some knowledge of accounting practices, and one could assume that a lack of understanding of corporate accounting may heighten the risk for misstatements on financial reports.

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NEW REPORT: Retailers Face An Augmented Reality Check

PYMNTS

To read the feature story and get a close look into how AR is laying the foundation for retail’s next state of evolution, download the new Digital Consumer Report. Augmented reality (AR) has long been associated with games like Pokémon Go and Zombies, Run!

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CFPB postpones quarterly HMDA reporting

American Banker

The reprieve from mortgage data collection was among several changes to the agency’s supervisory and enforcement procedures to help firms responding to the COVID-19 pandemic. HMDA Compliance Prepaid cards Enforcement Coronavirus TILA CFPB Credit cards

BLS Report Shows Static Retail Jobs Picture

PYMNTS

That’s the case with the new employment report from the Bureau of Labor Statistics, which showed that retail jobs held steady between January and February. The news was welcome after a disastrous report from December to January, a drop that went beyond seasonal expectations.

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Amex, Nova Offer Global Transfer Of US Credit Reports

PYMNTS

American Express has partnered with Nova Credit , a credit reporting startup that operates across borders, to give expatriates and immigrants the ability to share their previous credit scores with American Express when applying for a credit card.

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Report: Hedge Fund Wants Twitter CEO Out

PYMNTS

is pressing for changes after acquiring a stake in Twitter , including replacing CEO and Co-Founder Jack Dorsey , Reuters reported Friday (Feb. Twitter gives shareholders equal voting rights, which could make Dorsey “vulnerable to a challenge” from Elliott, the reported stated.

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Apple Reportedly Developing Fitness Video App

PYMNTS

Apple is rumored to be working on a fitness app for the iPhone and Apple Watch that will offer guided workouts, according to a report by CNBC. The project is codenamed “Seymour” and is being spearheaded by well-known fitness instructor and author Jay Blahnik, who joined Apple in 2013. .

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AppZen Analyzes Trends In Flagged, Rejected Expense Reports

PYMNTS

A new survey from AppZen finds employees in the professional services industry, including accountants, financial advisors and lawyers, more frequently have their submitted expense reports rejected, reports in CPA Practice Advisor said Monday (Dec.

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PayPal reports strong numbers for Venmo, Visa posts solid Q2

Mobile Payments Today

PayPal and Visa reported strong earnings in the first quarter of 2019, with PayPal breaking out Venmo numbers for the first time

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November Employment Report Shows Underlying Strength

Abrigo

The morning’s Employment Situation Report from the Bureau of Labor Statistics showed a fairly (and surprisingly) strong labor market. This month's report is surprisingly strong. Recent data releases haven’t been as positive, and this report shows some underlying strength.

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Why Regulation Won’t Fix Credit Reporting Agencies

PYMNTS

Thirty years later, I find their tagline a rather fitting metaphor for the Equifax data breach and the flurry of headlines made by everyone who now wants to take them — and their two credit reporting agency compadres, Experian and TransUnion — out to the regulatory woodshed. The credit bureaus were included in the CFPB’s scope of oversight in 2012, and she’s asked the agency to let her know what additional power it might need to better regulate the credit reporting agencies going forward.

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Moody’s: April ADP Jobs Report Was Inflated

PYMNTS

Payroll processor ADP’s report on the job market in April may have been inflated due to technical issues. The Labor Department will report non-farm payroll numbers for April on Friday (May 3).

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October Employment Report: Not So Scary

Abrigo

Economy | 2 minute read Key Takeaways Overall, October's national employment report was positive. This morning’s national Employment Situation Report for the month of October was rather positive. Overall, this is a positive report. Today’s report seems consistent with that story.

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Federal Reserve Eases Statement Reporting Timeline For Banks

PYMNTS

Institutions anticipating difficulty submitting their reports within the 30 days following the official filing due date, or experiencing challenges in obtaining director attestations, should likewise contact their Reserve Bank.”.

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