Wed.Apr 21, 2021

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JP Morgan given lower sustainability rating after funding failed European Super League

TheGuardian

Standard Ethics downgrades US bank from ‘adequate’ to ‘non-compliant’ in light of ESL backing A sustainability rating agency has downgraded JP Morgan Chase after the US bank was revealed to be funding the failed European Super League (ESL) breakaway attempt. Six of England’s richest clubs, including Manchester United, Liverpool and Arsenal, were among the 12 European teams that hoped to gain permanent membership of a new tournament.

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Romanian programmer turns ‘Crazy Idea’ into $6 billion fortune

BankInovation

Daniel Dines struggled with life in the U.S. after leaving his native Romania in 2001 to work for Microsoft Corp., but the experience created the foundation for one of the world’s biggest fortunes. The software programmer returned to his homeland in 2005 to start the business known today as UiPath Inc., an automation-software maker that […].

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Then, Now and Next: Retail’s Roadmap for Cryptocurrency

Banking Exchange

Since its inception, cryptocurrency has had a dubious reputation Technology Retail Banking Financial Trends Tech Management Blockchain Bitcoin Cryptocurrency Feature Feature3.

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UiPath debuts on New York Stock Exchange with shares priced at $56

BankInovation

UiPath Inc., a robotic process automation (RPA) software maker, debuted on the New York Stock Exchange today under the ticker PATH with its stock priced at $56 a share. The firm’s initial public offering of 23.8 million shares consists of 9.4 million units of Class A common stock offered by UiPath, and 14.4 million shares […].

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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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How Two Banks Are Embracing Digital

Banking Exchange

Digital banking services are allowing smaller banks to challenge for market share Technology Lines of Business Financial Trends Tech Management Mobile Online Feature3 Fintech Feature.

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Revealed: ex-minister Lord Myners secretly explored Greensill board role

TheGuardian

Emails show Myners repeatedly inquired about financial package he would receive as a director at now-defunct lender The former City minister Lord Myners secretly explored a potentially lucrative board-level role at Greensill Capital after publicly raising concerns about the now-defunct lender at the centre of a Whitehall lobbying storm. Emails seen by the Guardian reveal how Myners, who has been an outspoken critic of Greensill and its lobbying of senior government officials, was for months in 2

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North American Bancard Holdings launches new AML automation

BankInovation

Payments technology company North American Bancard Holdings (NAB) rolled out an automated, machine-learning based anti-money laundering solution for its transactions this month, with plans to expand the tool’s use to other transactions in the future. The Troy, Mich.-based NAB manages $45 billion of transactions annually for businesses and banks, handling credit, debit, check conversions, and […].

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Fintechs rush to go public

Payments Source

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Virginia Community Bank Eyes Listing

Banking Exchange

John Marshall Bank has reported record earnings for nine quarters in a row Feature Feature3 Community Banking.

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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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6 Ways to Improve Your CX Strategy Today

ATM Marketplace

The customer experience is evolving, but are your CX strategies? Learn how industry leaders use data from surveys and Contact Centers—alongside employee and interaction data—to uncover the reasons behind low NPS, why customers leave for competitors, and how to improve product experiences. Learn about the power of Experience Analytics.

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ABA Renews Calls for Scrutiny of Digital Challengers

Banking Exchange

Trade body concerned about approval standards being compromised Compliance Technology Feature3 Feature.

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The State of FinServ Customer Experience 2021 Report

ATM Marketplace

A Comprehensive Analysis of the Consumer Financial Protection Bureau Database

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Mastercard Acquires Ekata For $850M To Improve Its Digital Identity And Security Framework

CB Insights

Global payments giant Mastercard has acquired Ekata , a digital identity and security platform provider, in a $850M deal. Who are the parties to the deal? Ekata: Seattle-based Ekata uses information collected from various sources to provide unique scores, data attributes, and risk indicators to aid companies with identity verification. The company’s flagship software-as-a-service (SaaS) product “Pro Insight,” analyzes risk and signals.

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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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Watch: Aite Group analyst Leslie Parrish on how banks will improve the lending experience

BankInovation

Username Password * Remember Me Forgot Password.

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Survey: How Much Money Would You Pick Up?

MyBankTracker

Free money is tough to ignore. But, what if it was just lying there on the ground? Some people would pick it up and some won’t — the amount of money matters. According to a recent survey by MyBankTracker, nearly half (46.2 percent) of Americans would pick up at least a penny. Interestingly, the next denomination they’d pick up (12.6 percent) is a quarter.

Survey 52
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Women in AI: The Banker Podcast with Louise Lunn

FICO

Why is it important to have more women in AI? What should a young woman consider if she's interested in joining the field? Louise Lunn, vice president of Global Analytics Delivery at FICO, discusses these issues in this podcast from The Banker. Editor Joy MacKnight explores the impact that COVID-19 had had on the demand for AI, and how widely AI is used in financial services.

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Signature Bank raises its bet on cryptocurrency

Payments Source

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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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CLB The Community Bank (LA) Kasasa Products Near One Year Anniversary

BankDeals

CLB The Community Bank (central Louisiana) has been offering competitive Kasasa Cash Checking, Kasasa Cash Bank, and Kasasa Saver accounts for almost one year.

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Stimulus funds, recovery drove Discover's 1Q earnings

Payments Source

Cards 120
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Rep. Barr Introduces Bill to Encourage De Novo Bank Formation

ABA Community Banking

To help expand access to banking services and promote financial inclusion, Rep. Andy Barr (R-Ky.) last week introduced H.R. 2561, the Promoting Access to Capital in Underbanked Communities Act of 2021, a bill that would encourage de novo bank formation by directing the federal banking agencies to establish a three-year phase-in period for new banks to comply with federal capital standards, among other things.

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B2B's pandemic digital migration is also good for the planet

Payments Source

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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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'Our dance card is filling up': More banks mulling M&A

American Banker

Cards 101
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Uncertainty and flexibility are still commandments for payment firms

Payments Source

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Bekaert chooses GEP solutions

The Paypers

Belgium-based steel wire provider Bekaert has announced choosing GEP's procurement and supply chain platform for the company’s source-to-pay (S2P) processes.

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Citi streamlines corporate disbursements with Mastercard Send

Payments Source

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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.