Tue.Aug 29, 2023

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How banks can meet small business needs

ATM Marketplace

How can banks help small businesses with lending and cash flow while also delivering individualized experiences?

Meeting 97
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AI fintech Stampli opens Austin office

Payments Dive

The California company extended its presence to a third U.S. city and aims to expand its employee headcount by 40%.

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Barclays head of markets digital strategy joins Bank Automation News webinar

BankInovation

Barclays Head of Markets Digital Strategy Jennifer Warren will join the Bank Automation News webinar Global Ideas for Better Banking AI on Thursday, Sept. 14, at 11 a.m. ET. With more than 20 years of experience in financial markets, Warren specializes in spearheading step-change business growth and innovation strategies.

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Affirm gears up for student loan restart

Payments Dive

With payments set to resume in October, the buy now, pay later provider is factoring consumers’ student loan balances into its underwriting decisions.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Federal Reserve Board issues letters on program to supervise novel banking activities

CFPB Monitor

Earlier this month, the Federal Reserve Board (FRB) released two supervision and regulation letters regarding the agency’s program to supervise “novel” banking activities. The release of these letters follows a January policy statement indicating the FRB’s interest in leveling the playing field in terms of subjecting uninsured and insured banks to the same limitations on activities, including novel banking activities. .

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Scotiabank’s tech spend rises 10% YoY

BankInovation

Scotiabank increased its investment in technology, personnel costs and advertising to grow business operations and remain competitive. In the third quarter of 2023, which ended June 30, the $1.

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Central banks will push economies into recession, says Hunt adviser

TheGuardian

Signs of weakness needed before monetary policy is eased in west, says strategist advising chancellor Central banks will push western economies into recession in order to be sure of winning the battle against inflation, one of Jeremy Hunt’s advisers has warned. Rejecting the idea of a “soft landing”, Karen Ward, a member of the chancellor’s economic advisory council, said there would need to be signs of weakness before policymakers felt able to ease their tough approach.

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BMO says Bank of the West deal could deliver more savings than expected

American Banker

The Canadian bank initially told investors the acquisition would result in more than $350 million in cost savings. But a recent analysis suggests that number could be even higher.

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Trustly acquires French fintech SlimPay in €70M deal

BankInovation

Swedish payments firm Trustly has acquired the French recurring payments platform SlimPay as it continues its Europe-wide expansion. The deal was worth €70 million ($75.7 million), people with knowledge of the matter said, asking not to be named as the figure isn’t public.

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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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Regulators may be ushering in a two-tiered banking system

American Banker

The regulatory overhaul for large and midsized banks could lead to stronger pressure for those banks to merge in the coming years while leaving smaller banks less competitive — and arguably less stable.

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Tonik supports Shop Instalment Loan growth via Home Along partnership

The Paypers

Singapore-based digital bank Tonik has partnered with retailer Home Along to support the growth of the former’s Shop Instalment Loan.

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The fight ahead over earned wage access

American Banker

Maryland is the latest state to decree that employer-sponsored EWA products aren't loans, but the battle over how they will be regulated is just beginning, experts say.

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Trustly acquires SlimPay to better recurring payments

The Paypers

Open Banking payments provider Trustly has announced the acquisition of recurring payments provider SlimPay to better payments for merchants and consumers in Europe and the UK.

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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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Fintech rings in phone plan product to bundle with bank account

American Banker

Zolve, a fintech that serves folks moving to the U.S., partnered with Gigs, a German startup, to roll out its mobile plan product.

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WALBING receives payment service license from BaFin

The Paypers

Germany-based fintech specialist in trade finance WALBING has obtained a payment service license from the German Federal Financial Supervisory Authority (BaFin).

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Shiny and new isn't necessarily better than tried and true

American Banker

Consistent wins aren't typically about continuously introducing novel strategies, but about better and more consistent execution with proven ones.

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Astra partners with Plaid

The Paypers

Astra has partnered with US-based data network Plaid in order to provide customers with instant authenticated payments via Plaid Identity Verification.

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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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Bowman, Waller voice concerns about Fed's long-term debt proposal

American Banker

The Federal Reserve Board governors say they're worried about the added cost of the new requirement for non-systemically important banks as well as the implications for regulatory tailoring.

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FOMO Pay partners with Notabene

The Paypers

FOMO Pay , a digital payment and digital banking solutions provider, has partnered with Notabene aiming to strengthen its digital asset compliance.

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Banks face stricter long-term debt, living-will mandates under FDIC plan

American Banker

The Federal Deposit Insurance Corp. has issued proposals that would make banks with $100 billion of assets or more hold more long-term debt as a cost buffer in the event of a collapse and meet new planning requirements in case they ever have to be resolved in an emergency.

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Yahoo introduces new AI tools to enhance inbox experience

The Paypers

Yahoo has announced new AI tools for Yahoo Mail to expand its existing AI beta experience, including an all-new shopping feature: Shopping Saver.

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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.

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Credit Suisse's banker to Russian billionaires retained by UBS

American Banker

UBS is trying to retain many of Credit Suisse's most senior wealth bankers, but the decision to bring Babak Dastmaltschi on board, who catered to tycoons emerging from the collapse of the Soviet Union, may raise eyebrows.

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Clear Junction receives ISO 27001 certification

The Paypers

UK-based payment solutions provider Clear Junction has been granted ISO 27001 certification, a global standard for information security.

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U.S. court paves way for spot bitcoin ETF in Grayscale ruling

American Banker

Grayscale Investments moved closer to launching a spot-based bitcoin exchange-traded fund in the U.S., a potential watershed moment in the cryptocurrency industry's quest to tap billions of dollars from everyday investors.

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Tabby launches Tabby Shop

The Paypers

MENA-based financial services app Tabby has launched its digital shopping assistant, Tabby Shop, in order to improve customer’s shopping experience.

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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.