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Maryland Launches eProcurement Portal With Nitor, Ivalua

PYMNTS

The state of Maryland has launched a new eProcurement system for the Maryland Department of General Services following a collaboration with source-to-pay and eProcurement FinTechs. The platform will be available for use by state agencies, local governments, municipalities, and various players within the education and school system.

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The Maryland Financial Consumer Protection Act of 2018 significantly increases state regulation

CFPB Monitor

Noting, among other things, “retrenchment” on the federal level, the Maryland Financial Consumer Protection Act of 2018 ( HB 1634 ) was signed into law on May 15, 2018. Similar amendments were made throughout the statutes governing activity within the jurisdiction of the Commissioner; in some instances (e.g.,

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 Ransomware Gains Traction, UK BEC Fraud Spikes

PYMNTS

Aided by technology – and emboldened by the rise of cryptocurrencies – fraudsters are stepping up ransomware campaigns. The threat actors realized they can amplify their impact by targeting specific companies such as managed service providers,” said Bennett. Payment terms have been higher, too.

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Provident State Bank Invests in Technology to Enhance Customer Communication

Banking Exchange

Maryland bank enables next-level communication at nine branches Technology Feature3 Feature Customers Branch Technology/ATMs Tech Management Community Banking.

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Can AI assist in vendor management challenges?

Independent Banker

And yet, some industry experts have observed that AI is not yet being used to its full advantage in vendor management—one of the thornier problems that community banks are wrestling with today. If a community bank has just a handful of vendors, managing those vendors is fairly straightforward. based cybersecurity technology firm.

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Sageworks’ speakers tackle tough banking topics

Abrigo

Sageworks banking industry experts are winding down a busy year of disseminating information and facilitating discussions on regulatory changes, such as the FASB’s upcoming move to the current expected credit loss model (CECL), and on best practices for portfolio risk management and credit analysis.

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Study: Automation Will Hurt Manufacturing-Heavy Midwest

PYMNTS

Reuters reported that automation technology’s melt into middle-wage jobs like construction, office work, truck driving and even food prep and food service will see more and more jobs displaced by computer technology. States like New York and Maryland have only a fifth of jobs in the affected high-risk category. “The

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