Tue.Nov 23, 2021

article thumbnail

Bank earnings call highlights: Q3 2021

Accenture

Credit card receivables & purchase volume YoY growth: 3Q21 Click/tap on image to enlarge. 1. Average Receivables in Billions. Note: Citi inclusive of both Branded and Retail Services. AXP is Revolving only. SYF A/R is Retail Card, NCL is total company. Earnings call commentary Credit sales come in at $7.4 billion or up 20% year-over-year…. The post Bank earnings call highlights: Q3 2021 appeared first on Accenture Banking Blog.

Cards 243
article thumbnail

Crypto oversight road map is set by U.S. banking regulators

BankInovation

U.S. banking agencies have issued a to-do list of their plans to tackle oversight of the cryptocurrency industry next year. In an agenda released on Tuesday, the Federal Reserve and other regulators outlined what issues they plan to focus on as they consider rules for how banks interact with cryptocurrencies. Their priorities include weighing custody, […].

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Kansas City Fed issues research briefing on buy now, pay later

CFPB Monitor

The Federal Reserve Bank of Kansas City recently issued a research briefing titled “ The Appeal and Proliferation of Buy Now, Pay Later: Consumer and Merchant Perspectives.”. The briefing divides buy now, pay later (BNPL) products into two main types based on how they are offered to consumers. One type is offered directly to consumers by fintechs before a purchase is made and the other is offered during a purchase through a merchant who partners with a fintech or financial institution.

article thumbnail

KeyBank acquires fintech XUP Payments to streamline automation, embedded banking

BankInovation

KeyBank has acquired fintech XUP Payments and will use the B2B digital payments platform to expand its embedded banking strategy and streamline automation, the bank announced Monday. The $187 billion bank did not disclose financial details of the deal, which closed Nov. 19. XUP earlier this year raised $3 million over one funding round led […].

Fintech 98
article thumbnail

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

article thumbnail

Inside Marketing: Maximizing ROI With Digital Branding

William Mills

2 areas of consideration for enhancing your credit union’s digital presence in 2022. While the age of the average credit union member remains in the mid-40s, it is important to recognize that this age range is no longer held strongly by Gen X. Instead, the eldest millennials—otherwise known as the first digital natives—are turning 40 this year, and their expectations should not be taken lightly.

More Trending

article thumbnail

Paysafe integrates with IATA Financial Gateway, augmenting payments choice

The Paypers

International Air Transport Association (IATA) has accessed US-based payment platform Paysafe ’s solutions spanning online payment processing and alternative payment methods.

article thumbnail

OCC: Banks must prove they can manage stablecoin, crypto risk

BankInovation

The Office of the Comptroller of the Currency today published a legal interpretation of letters issued in July and October 2020, and January 2021 to clarify that a bank may legally engage in certain cryptocurrency, distributed ledger and stablecoin activities, if it can demonstrate to the supervisory office this can be done in a “safe […].

article thumbnail

Digital-First Collections Means Thinking Like a Marketer

FICO

As households continuing to grapple with finances, lenders that offer the right combinations of digital-first customer support will experience the benefits, including improved repayments, debt resolution, longer-term customer loyalty and greater market share. By concentrating on effective customer engagement, lenders will also ensure that they are better aligned with regulatory requirements.

article thumbnail

Workday Acquires Contractor & Vendor Management System VNDLY For $510M In Cash

CB Insights

Workday , a provider of human capital management, payroll, and financial management solutions, has acquired VNDLY , a contractor and vendor management system, for $510M in cash. The transaction is expected to close in January 2022. WHO ARE THE PARTIES TO THE DEAL? VNDLY: Ohio-based VNDLY helps businesses manage contractors and other external workforce personnel.

System 63
article thumbnail

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

article thumbnail

Meet Our 2022 FICO Decisions Awards Judges

FICO

FICO has announced its panel of independent judges for the 2022 FICO® Decisions Awards , which honor businesses achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. The bench of eight global industry experts brings a variety of views and knowledge to the table along with significant business experience.

Meeting 52
article thumbnail

wearonize and BrilliantTS partner for payments

The Paypers

Switzerland-based ‘Fulfillment-as-a-Service’ provider for wearable payment solutions wearonize has partnered with South Korea-based payment technology company BrilliantTS for mobile payment solutions.

article thumbnail

Blessed and Grateful

Image Works Direct

As we celebrate Thanksgiving, your image.works team is reflecting on what matters most: For us, it’s you! Thanks for doing marketing differently with us this year – and for the compliments you send about the creative campaigns that knock your socks off. That’s a lot of fun for us!

US 36
article thumbnail

PPRO announces BNPL Kredivo integration in Indonesia

The Paypers

UK-based payments infrastructure provider PPRO has announced the integration of Indonesian Buy Now, Pay Later Kredivo in its ecosystem.

article thumbnail

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.

article thumbnail

Congress expands probe into fintechs’ role in PPP fraud

American Banker

Fraud 88
article thumbnail

CBN enforces new rules against bank account fraud

The Paypers

The Central Bank of Nigeria (CBN) has disclosed measures to restrict bank accounts on its watchlist from getting loans and other banking services, according to legit.ng.

Fraud 48
article thumbnail

Banks combat rising threat of fake websites

American Banker

article thumbnail

Pockid raises EUR 4 million in seed financing round

The Paypers

Germany-based fintech Pockid has raised EUR 4 million in venture capital as part of a seed financing round.

Capital 58
article thumbnail

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.

article thumbnail

Why a small Florida lender built its account-opening software in-house

American Banker

Florida 78
article thumbnail

Trulioo receives approval from German authorities to verify users' age

The Paypers

Identity verification company Trulioo has announced it received authorisation from the German Commission for the Protections of Minors in the Media to verify the ages of end users looking to access age-restricted online content.

Online 46
article thumbnail

OCC to banks with crypto plans: Check with your regulator first

American Banker

article thumbnail

The Payments Association launches new payments consortium, puts out CBDC whitepaper

The Paypers

UK-based The Payments Association has announced the formation of an Innovation Hothouse Bridge, bridging the gap between today’s payment systems and the new blockchain based solutions.

article thumbnail

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.

article thumbnail

Has White House made it harder to install next Fed regulatory chief?

American Banker

article thumbnail

Codat expands in Australia and New Zealand with Judo

The Paypers

UK-based financial API provider Codat has expanded to Australia and New Zealand (ANZ), with local SME challenger bank Judo as the firm’s first flagship client.

44
article thumbnail

What Financial Institutions Can Learn from TD Bank’s Marketing Playbook

The Financial Brand

Known for its superior branch service, the big regional is rebuilding its brand experience virtually. The bank's CMO reveals key tactics. The post What Financial Institutions Can Learn from TD Bank’s Marketing Playbook appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

article thumbnail

eftpos launches security features for shoppers

The Paypers

Australia-based payment processor eftpos has delivered a new online security capability and has gone live with a number of Australian banks, fintechs, and merchants.

article thumbnail

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.