Mon.Jul 19, 2021

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It’s Back to the Future for Payments

Accenture

This blog is based on my keynote presentation at the 2021 Payments Canada SUMMIT Payments leaders probably feel like they are living in the future right now. The pandemic changed the industry forever. Digital adoption has exploded across all age groups. Uptake of tap-and-pay has likewise gone through the roof. It feels like the industry….

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Market Commentary: Week of July 19

SWBC's LenderHub

Volatility in both stocks and bonds returned last week as the CDC trumpeted the arrival to our shores of “The Pandemic of the Unvaccinated”. Rather suddenly, the markets have begun to put less focus on current economic developments such as the surging price of just about everything and continued signs of strong economic growth, and more toward pessimism on the future as COVID cases across the nation are skyrocketing again.

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ICX Association names award winners in interactive customer experience

ATM Marketplace

The Interactive Customer Experience Association presented its annual Elevate Awards during the #ElevateICX Virtual Symposium last week. The awards recognize innovation in digital signage, kiosk, mobile, omnichannel and emerging technologies.

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Global Digital Banking Market to Reach $30.1B by 2026

Banking Exchange

Technology and Covid-19 propel push towards cashless society according to new market study Technology Tech Management Feature3 The Economy Feature Digital.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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Lightico raises $15M in latest funding round

BankInovation

Lightico, a fintech that automates e-signatures and other customer-identification verifiers, today announced an additional $15 million follow-on series B funding round led by Capital One Ventures, bringing the total round to $27 million, and representing the group’s second financial investment in the fintech in less than a year. Capital One Ventures is the venture capital […].

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More Trending

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Borrowers Want Digital Payments That Are Dynamic, Fast, and Resonant

SWBC's LenderHub

Did you know that the COVID-19 pandemic and subsequent statewide lockdowns have accelerated the adoption of digital products and services by six years ? Digital channels have revolutionized what your borrowers have come to expect from a payments experience—they’re now demanding payment options that are dynamic, fast, and resonant. In this blog post, we’ll discuss how incorporating these three qualities can help your institution improve its digital payments experience.

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Trio of Deals Worth Combined $1B Announced as M&A Continues to Soar

Banking Exchange

United Community Banks buys Reliant, Lakeland Bancorp to acquire 1st Constitution Bancorp, First National to buy Howard Bancorp Community Banking Feature3 Feature Management M&A.

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Future flooding threat could overwhelm complacent UK banks

TheGuardian

A Danish bank is warning lenders that the climate crisis must be considered in their long-term plans One criticism made of politicians is that their policy and vision for the future only extends as far as the next election. It is alarming to discover that banks have an equally short horizon – three to five years , according to the Bank of England. Across the North Sea in Denmark, Nationalbank has become so alarmed at this short-termism it has produced a series of warnings about the stability of

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Lenders Should Consider Using "Pooled Models" When Making Originations Decisions

FICO

Lenders face a myriad of challenges these days. To build a profitable portfolio while also managing risk, you need solutions that enable you to streamline decision making, reduce losses, lower costs, approve more profitable applicants, and guarantee regulatory compliance. Bureau scores may be the traditional “tried-and-true” method for assessing customer risk, but they aren’t enough on their own.

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The State of Automation in Financial Services 2024 Report

In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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Paysafe partners with Smart Property Systems in North America

The Paypers

Paysafe has announced a new independent software vendor (ISV) partnership with Smart Property Systems , a SaaS provider for property management.

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Collections Optimization and Ethical Debt Management at Ultimo

FICO

. Debt remediation is at the forefront of the financial services industry’s response to the pandemic, and this is leading collections operations to advanced analytics such as collections optimization. Case in point: Ultimo SA , one of the largest debt management companies in Poland and a part of B2 Holdings, will use FICO collections treatment optimization to take the ideal treatment path for each borrower.

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Numerica selects Scienaptic for AI credit decisioning

The Paypers

Numerica Credit Union has selected the global AI-powered credit decision platform provider Scienaptic to add to its overall credit decisioning solution.

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Can Ripple Labs beat the SEC in court?

American Banker

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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E.SUN Commercial Bank announces benefits for binding vouchers to its products

The Paypers

E.SUN Commercial Bank has announced benefits for binding vouchers to its products, such as an additional 1% payback and paybacks of up to 10% for designated channels.

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Fintech, crypto firms boost NBA marketing spending as banks cut back

American Banker

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500 Startups, Aichi Prefectural Government to advance ecosystem

The Paypers

Global venture capital firm 500 Startups and Japan-based Aichi Prefectural Government have launched ‘Accelerate Aichi by 500 Startups’ to boost startup ecosystem development in the prefecture.

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New EU tax rules stand to stimulate cross-border payments for U.S. merchants

American Banker

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Prometeo helps startups to grant free access to APIs

The Paypers

Open Banking API platform Prometeo has launched Spark, a free programme that provides access to its infrastructure of banking connections with APIs in Latin America, according to fintechnews.org.

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The Future of Loyalty in Banking is at Risk

The Financial Brand

Digital banking engagement leads to more customer data and better customer experiences, which leads to greater loyalty and higher profits. The post The Future of Loyalty in Banking is at Risk appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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South Africa-based Akiba Digital raises USD 1.1 mln funding

The Paypers

Fintech startup Akiba Digital has raised over USD 1.1 million in pre-seed funding to help it grow its market share, according to disrupt-africa.com.

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Warren: CFPB should take a closer look at overdraft fees, crypto

American Banker

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.

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Celcoin secures BRL 55 mln for Open Finance

The Paypers

Brazil-based Open Finance platform Celcoin has just announced an investment of BRL 55 million, according to the company’s press release.

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Fee waivers crimp trust banks' profits. Will pain ease in 3Q?

American Banker

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WealthKernel launches new JISA

The Paypers

UK-based WealthKernel , a wealthtech provider for digital investment services, has today announced the integration of Junior Individual Savings Accounts (JISA) API functionality into its platform.

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Cambridge Savings rolls out digital-only bank

American Banker

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.