For the last week, a veritable tidal wave of small- to medium-sized business (SMB) owners have been lining up to apply for Paycheck Protection Program (PPP) funds — a $350 billion segment of the $2 trillion in government stimulus passed as part of the CARES Act a little less than two weeks...
Everyone wants to build a smoother, faster and more efficient financial services journey — that isn’t a point of disagreement or friction. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Bank regulators have rolled back the Jan. 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). Get the Full Story Complete the form...
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In the age of digital commerce, legacy financial institutions (FIs) have ceded ground to tech-savvy upstarts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
Amid the coronavirus, the Federal Reserve Board is shifting its supervisory approach. The board said in a press release that it “recognizes that the current situation is significantly affecting areas of the country in different ways and will work with financial institutions to understand the specific...
Consumers are navigating the vagaries of a brave new world dominated by the coronavirus. Cardholders’ behavior may shift on a dime. That means card portfolios can experience changing returns for financial institutions (FIs). Get the Full Story Complete the form to unlock this article and enjoy...
Consumers depend on ATMs but like any mechanical device, they can break down. Rich Johnstun, head of service technology and innovation at Diebold Nixdorf, foresees a future where artificial intelligence (AI) helps to create an individual ATM’s ‘personality’ and determine when it needs maintenance. Here’s...
Noel Quinn has stepped into a full-time job as CEO of HSBC, and his first tasks in that job will involve strategizing around the colossal pitfalls the coronavirus has created over the past several weeks. Get the Full Story Complete the form to unlock this...
