Horizon Quantum Computing raises USD 18 million
The Paypers
APRIL 4, 2023
Singapore-based company Horizon Quantum Computing has raised USD 18 million in funding round for product development and expansion across Europe.
The Paypers
APRIL 4, 2023
Singapore-based company Horizon Quantum Computing has raised USD 18 million in funding round for product development and expansion across Europe.
Payments Dive
APRIL 4, 2023
The payments gateway startup, which handles acquiring and issuing, is positioning itself as a nimbler competitor to the likes of Stripe and Wex.
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ATM Marketplace
APRIL 4, 2023
What's driving the bitcoin ATM market? There are several factors to consider including security and accessibility. However, there are also issues holding it back. Let's take a look at both.
TheGuardian
APRIL 4, 2023
Company’s own website went down and internet was inaccessible for several hours. Follow all our live coverage of business, economics and financial markets It has not been a great day for companies bearing the Virgin brand. Virgin Orbit, the satellite launch company started by Sir Richard Branson, has filed for US bankruptcy protection. Last-ditch efforts to find funding for the struggling space firm fell through, the Guardian’s Kalyeena Makortoff reports.
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.
CFPB Monitor
APRIL 4, 2023
On March 30, 2023, a three-judge panel of the Superior Court of Pennsylvania held in a precedential opinion that debt collectors can send collection letters to debtors after the expiration of the statute of limitations without violating federal or Pennsylvania law, so long as the debt collector does not file suit in court.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
APRIL 4, 2023
On March 30, the Consumer Financial Protection Bureau issued its final rule to implement Section 1071 of the Dodd-Frank Act. Section 1071 amended the Equal Credit Opportunity Act to require financial institutions to collect and report certain data in connection with credit applications made by small businesses, including women- or minority-owned small businesses. .
TheGuardian
APRIL 4, 2023
Boss apologises to investors for crisis that left bank with choice of UBS takeover or bankruptcy The chair of Credit Suisse has told shareholders at the 167-year-old bank’s last-ever annual general meeting that he is “truly sorry” that the lender failed to stem the crisis that led to its emergency takeover by UBS last month. Axel Lehmann told investors gathered in Zurich on Tuesday that bosses had legitimate plans to turn the bank around but had been “thwarted” by market panic over the wider hea
BankInovation
APRIL 4, 2023
Financial institutions are working to fill the gaps brought to light by the failure of Silicon Valley Bank, bringing to market new deposit diversification solutions, treasury management tools and customer experience offerings. But existing solutions are also finding new demand, Brex Chief Financial and Chief Operating Officer Michael Tannenbaum told Bank Automation News.
TheGuardian
APRIL 4, 2023
Jamie Dimon says downfalls of Silicon Valley Bank and Credit Suisse have undermined confidence The financial turmoil that led to the downfall of Silicon Valley Bank in the US and Credit Suisse in Europe is not yet over and its effects will be felt for years, the boss of America’s biggest bank has warned. In an annual letter to JP Morgan’s shareholders, Jamie Dimon said last month’s failure of SVB and the Swiss government-brokered takeover of Credit Suisse by its rival UBS had undermined confiden
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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
BankInovation
APRIL 4, 2023
Proper data management is something all financial institutions strive for, but it is not easily achieved due to data siloes and drift.
TheGuardian
APRIL 4, 2023
Central bank decides against £8.5m fine because of collapsed firm’s ‘limited resources’ The Bank of England has issued a public reprimand to the Greensill-linked Wyelands Bank after discovering “wide-ranging significant regulatory failings” at the lender, which is owned by Sanjeev Gupta, boss of the troubled Liberty Steel. Wyelands was found to have breached a series of rules, including falling short on governance and risk controls, reporting its capital position incorrectly, and failing to reta
The Paypers
APRIL 4, 2023
US-based provider of risk and financial advisory solutions Kroll has opened a new office in Johannesburg, South Africa as part of its efforts to expand its services across Africa.
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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
The Paypers
APRIL 4, 2023
Kenya-based fintech Cellulant has augmented how businesses in Africa make and receive payments by introducing online and offline payment solutions.
The Paypers
APRIL 4, 2023
Canada-based fintech Neo Financial has rolled out the Neo Money card to offer the benefits of a chequing account, savings account, and rewards card for no annual fee.
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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.
The Paypers
APRIL 4, 2023
Netherlands-based fintech company TerraPay has raised USD 100 million in equity and debt financing to expand its payments infrastructure.
American Banker
APRIL 4, 2023
The Paypers
APRIL 4, 2023
Lithuania-based regtech AMLYZE has upgraded its core product that enables transaction monitoring, client risk-scoring and case management for AML-related processes.
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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.
The Paypers
APRIL 4, 2023
Malta-based Finance Incorporated Limited has announced its partnership with ThetaRay to strengthen its AML framework and increase the volume of transaction data.
The Banker
APRIL 4, 2023
Regulators’ murky, undefined ‘point of non-viability’ has led to instability, writes Tim Skeet.
The Paypers
APRIL 4, 2023
Lloyds Bank has partnered with Enigio to provide the usage of digital documentation in the trade finance industry by making use of blockchain technology.
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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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