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Correspondent Banking Continues Its Decline Despite Regulator Efforts

PYMNTS

The shift could possibly cause payments to move underground and particularly impact nations that are dependent on remittances, Reuters reported. percent cumulatively from the beginning of 2011 to the conclusion of 2017. 16) that the practice still fell in popularity in 2017. Correspondent banking decreased by 4.1

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How Singapore Is Fueling A ‘Smart Nation’

PYMNTS

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. Between 2011 and 2015, the government allocated $16 billion to help accelerate Singapore’s research, innovation and enterprise landscape. With an estimated population of just 5.47

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PYMNTS Daily Data Dive: Fed’s Latest Breach Data

PYMNTS

Which is the subject for the PYMNTS Daily Data Dive 5-in-1 today: $3 Trillion | The amount the Fed’s regional banks process in payments per day. 50+ | Number of cyber breaches detected by the Federal Reserve between 2011-2015. 50+ | Number of cyber breaches detected by the Federal Reserve between 2011-2015.

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Amazon To Build $40M Robotics Innovation Hub Near Boston

PYMNTS

Charlie Baker said he is glad Amazon is planning to “increase their substantial presence” in the state, which is a base for a “nation-leading innovation economy with a highly educated and skilled workforce.”. We look forward to a strong partnership with Amazon Robotics,” she said.

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Wages At Smaller Firms Reach Record High 

PYMNTS

Earnings growth was the biggest recorded since the Paychex/IHS Markit Small Business Employment Watch report launched in 2011. Small business job gains have flattened in the second half of the year as labor markets prove very tight,” said James Diffley, chief regional economist at IHS Markit. “In The national jobs index hit 98.16

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Digital payments on the rise in India – what does this mean for the region?

NCR

At the moment, some parts of this region are still heavily cash dependent, with research from McKinsey and Capgemini suggesting just two per cent of transactions in emerging nations of Asia-Pacific were cashless last year – though this rises to 35 per cent in developed countries. With more than 1.3 Cutting down on the unbanked.

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Millennial Hourly Wages Higher Than Those Of Baby Boomers

PYMNTS

In its latest report, “ The Rise of the Millennial Employee ,” Paychex found that millennial hourly wages have been steadily increasing since 2011, while those of Generation X and Baby Boomers have been steadily declining. per hour, with annual hourly earnings hitting a growth rate nearly double the national rate (5.8