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More than five years after the launch of Apple Pay and four-plus years after the US POS liability shift for EMV, the US market finally appears set to fully embrace contactless payments. MORE
Things we’re reading today include … Banks welcome Chancellor’s revamp of coronavirus loan scheme CEO of Santander says bank is taking measures to limit coronavirus impact Are banks making a profit from the coronavirus crisis? MORE
It’s interesting that governments around the world have announced huge stimulus packages to protect workers, small businesses and life in general. Trillions of dollars. Great. The reality is that no one is getting it. You see these announcements and try to get hold of the bank to get the stimulus. MORE
208 The main blog headlines are … Are the big banks failing the people? I wouldn’t usually blog on a Saturday, but these are exceptional times and these are exceptional ideas. I’ve already seen some incredible innovation from start-ups looking to help those in need. MORE
A handful of fintech providers are bringing SBA Paycheck Protection Program loan platforms to market, a move that could be the industry’s moment to shine. The real opportunity here is going to be the administration of loans,” said CB Insights senior research analyst Arieh Levi. “If MORE
Wells Fargo & Co. said it can’t fully meet demand from small businesses rushing to participate in a U.S. relief program because of constraints imposed by the Federal Reserve on the bank’s growth. The company has capacity to lend $10 billion to small-business clients under the $349 billion U.S. MORE
Banking platform Dave is increasing its integrations with remote work employers as the coronavirus pandemic keeps consumers home, resulting in a hard-hit gig economy and freelance workforce. MORE
Fintechs will likely have a tough time securing funding as the coronavirus pandemic continues to shake up the U.S. economy, prompting investors to tighten purse strings. MORE
Today is the day that Doing Digital, my newest book, is finally live on Amazon and all good book stores. It’s the result of two years primary and secondary research and, to pay it its due, has been featured in many interviews with me recently. MORE
231 Banks are feeling the pressure of small businesses nationwide applying for Paycheck Protection Program loans. MORE
In a year of major fintech acquisitions, SoFi today announced a $1.2 billion deal to acquire Galileo, a financial services API and payments platform that powers big names like Chime and Robinhood. MORE
As a global business working with numerous local and international clients, it’s little surprise that Accenture has a keen interest in world events and, from my side in particular, their possible impact on Australia. MORE
We have often characterized banks as being “manufacturers of credit.” Like any manufacturing process, banks need to produce a product, in our case loans, to meet the customer’s demand. MORE
Key Takeaways There will likely be a second wave of additional funds for small business aid. CFIs can still take advantage of the program and begin automating PPP loans in 48 hours. Automation is key to streamlining PPP loans and getting capital into the hands of small business owners quickly. MORE
In a deal valued at over a $1 billion, SoFi said it has inked a definitive deal to buy Galileo Financial Technologies. The online personal finance firm will pay total purchase consideration of $1.2 billion composed of shares and cash, according to an announcement. MORE
Key Takeaways BSA requirements still apply to Paycheck Protection Program loans. Provide a BSA refresher course to your lending staff. While these loans are 100% guaranteed by the SBA, fraud is still a concern. MORE
Key Takeaways Friday's rollout of the PPP program was met with confusion, frustration, and glitches. E-Tran has been the subject of many frustrations. New lenders must follow a two-stage process to set up access to E-Tran. MORE
Laid-off hospitality workers can start new careers as loan officers with Better.com. The digital mortgage lender plans to hire 1,000 new employees this year and is targeting hospitality workers who have lost their jobs due to the COVID-19 crisis.? MORE
I’ve spent my life in an economy that focuses upon money, greed, growth and profit … what was that all about? We are suddenly living in a world where everyone is being told to stay home and do nothing … and get paid for it. Well, if you’re in a … The post What happened to capitalism? MORE
237 Among its many profound impacts, the COVID-19 pandemic has dramatically altered how consumers shop. Even before large-scale stay-at-home policies went into effect, most consumers sought to limit direct contact with people and objects as much as possible when they went out. MORE
The agency overhauled its system for the Paycheck Protection Program on Wednesday. Lenders hope it addresses the access issues and a crash that bedeviled the effort’s first week. SBA Fintech Coronavirus Small business lending Community banks MORE
An old computer system and too few employees are making it hard for the Small Business Administration (SBA) to meet the high demand for coronavirus relief loans, according to a report in the New York Times on Tuesday (April 7). MORE
I wouldn’t usually blog on a Saturday, but these are exceptional times and these are exceptional ideas. I’ve already seen some incredible innovation from start-ups looking to help those in need. MORE
JPMorgan Chase has executed almost 150,000 concurrent virtual sessions in the past few weeks which, according to CEO Jamie Dimon, is nearly five times the usual number of such sessions as before the COVID-19 crisis. “We MORE
Chris Skinner
APRIL 7, 2020
Things we’re reading today include … Have the banks played a blinder? Donald Trump ‘lost $1bn in a month’ from coronavirus lockdown WeWork sues SoftBank after withdrawal of $3bn deal U.S.
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Bank Innovation
APRIL 8, 2020
Fintechs will likely have a tough time securing funding as the coronavirus pandemic continues to shake up the U.S. economy, prompting investors to tighten purse strings.
Abrigo
APRIL 8, 2020
Key Takeaways There will likely be a second wave of additional funds for small business aid. CFIs can still take advantage of the program and begin automating PPP loans in 48 hours. Automation is key to streamlining PPP loans and getting capital into the hands of small business owners quickly.
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Chris Skinner
APRIL 7, 2020
I’ve spent my life in an economy that focuses upon money, greed, growth and profit … what was that all about? We are suddenly living in a world where everyone is being told to stay home and do nothing … and get paid for it. Well, if you’re in a … The post What happened to capitalism?
Mobile Payments Today
APRIL 7, 2020
This White Paper helps navigate the regulatory environment to offer text solutions
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Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
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Abrigo
APRIL 8, 2020
Key Takeaways BSA requirements still apply to Paycheck Protection Program loans. Provide a BSA refresher course to your lending staff. While these loans are 100% guaranteed by the SBA, fraud is still a concern.
Chris Skinner
APRIL 6, 2020
Today is the day that Doing Digital, my newest book, is finally live on Amazon and all good book stores. It’s the result of two years primary and secondary research and, to pay it its due, has been featured in many interviews with me recently.
Mobile Payments Today
APRIL 7, 2020
Does your business have an effective business continuity plan to deal with a crisis
Bank Innovation
APRIL 8, 2020
Banks are feeling the pressure of small businesses nationwide applying for Paycheck Protection Program loans.
American Banker
APRIL 8, 2020
The agency overhauled its system for the Paycheck Protection Program on Wednesday. Lenders hope it addresses the access issues and a crash that bedeviled the effort’s first week. SBA Fintech Coronavirus Small business lending Community banks
Chris Skinner
APRIL 6, 2020
Things we’re reading today include … How is your bank helping customers impacted by the Coronavirus pandemic? Allstate to return $600 million in auto premiums as coronavirus cuts driving Fed says it will provide financing against new U.S.
Mobile Payments Today
APRIL 7, 2020
Simplify how you bill and collect payments. Any method, anytime, anywhere
Bank Innovation
APRIL 7, 2020
Laid-off hospitality workers can start new careers as loan officers with Better.com. The digital mortgage lender plans to hire 1,000 new employees this year and is targeting hospitality workers who have lost their jobs due to the COVID-19 crisis.?
Abrigo
APRIL 4, 2020
Key Takeaways Friday's rollout of the PPP program was met with confusion, frustration, and glitches. E-Tran has been the subject of many frustrations. New lenders must follow a two-stage process to set up access to E-Tran.
Chris Skinner
APRIL 5, 2020
Things we’re reading today include … Banks welcome Chancellor’s revamp of coronavirus loan scheme CEO of Santander says bank is taking measures to limit coronavirus impact Are banks making a profit from the coronavirus crisis?
Mobile Payments Today
APRIL 7, 2020
The economic fallout of COVID-19 has increased demand for real-time payments by small business and consumers as revenue sources begin to dry up and consumers and businesses face deadlines for bill payment and essential goods
Bank Innovation
APRIL 7, 2020
A handful of fintech providers are bringing SBA Paycheck Protection Program loan platforms to market, a move that could be the industry’s moment to shine. The real opportunity here is going to be the administration of loans,” said CB Insights senior research analyst Arieh Levi. “If
PYMNTS
APRIL 7, 2020
In a deal valued at over a $1 billion, SoFi said it has inked a definitive deal to buy Galileo Financial Technologies. The online personal finance firm will pay total purchase consideration of $1.2 billion composed of shares and cash, according to an announcement.
Chris Skinner
APRIL 5, 2020
It’s interesting that governments around the world have announced huge stimulus packages to protect workers, small businesses and life in general. Trillions of dollars. Great. The reality is that no one is getting it. You see these announcements and try to get hold of the bank to get the stimulus.
Accenture
APRIL 8, 2020
As a global business working with numerous local and international clients, it’s little surprise that Accenture has a keen interest in world events and, from my side in particular, their possible impact on Australia.
Bank Innovation
APRIL 6, 2020
JPMorgan Chase has executed almost 150,000 concurrent virtual sessions in the past few weeks which, according to CEO Jamie Dimon, is nearly five times the usual number of such sessions as before the COVID-19 crisis. “We
PYMNTS
APRIL 8, 2020
An old computer system and too few employees are making it hard for the Small Business Administration (SBA) to meet the high demand for coronavirus relief loans, according to a report in the New York Times on Tuesday (April 7).
Chris Skinner
APRIL 4, 2020
The main blog headlines are … Are the big banks failing the people? I wouldn’t usually blog on a Saturday, but these are exceptional times and these are exceptional ideas. I’ve already seen some incredible innovation from start-ups looking to help those in need.
Accenture
APRIL 8, 2020
More than five years after the launch of Apple Pay and four-plus years after the US POS liability shift for EMV, the US market finally appears set to fully embrace contactless payments.
Bank Innovation
APRIL 6, 2020
Wells Fargo & Co. said it can’t fully meet demand from small businesses rushing to participate in a U.S. relief program because of constraints imposed by the Federal Reserve on the bank’s growth. The company has capacity to lend $10 billion to small-business clients under the $349 billion U.S.
PYMNTS
APRIL 6, 2020
Among its many profound impacts, the COVID-19 pandemic has dramatically altered how consumers shop. Even before large-scale stay-at-home policies went into effect, most consumers sought to limit direct contact with people and objects as much as possible when they went out.
Chris Skinner
APRIL 4, 2020
I wouldn’t usually blog on a Saturday, but these are exceptional times and these are exceptional ideas. I’ve already seen some incredible innovation from start-ups looking to help those in need.
Banker to Banker
APRIL 6, 2020
We have often characterized banks as being “manufacturers of credit.” Like any manufacturing process, banks need to produce a product, in our case loans, to meet the customer’s demand.
Bank Innovation
APRIL 6, 2020
Banking platform Dave is increasing its integrations with remote work employers as the coronavirus pandemic keeps consumers home, resulting in a hard-hit gig economy and freelance workforce.
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