Thu.May 12, 2022

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4 strong ideas from the payments disruptor playbook

Accenture

If there’s one thing the payments industry has learned to expect over the last decade, it’s the unexpected. Even before the pandemic rewrote the rules on customer expectations, industry incumbents were being compelled to innovate by forces such as the advent of new technology like artificial intelligence, disruptive new competitors of all sizes, and shifting….

Payments 477
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Fed delivers mixed credit card data

Payments Dive

While first-quarter consumer credit card debt rose relative to the same period last year, it dropped compared to the fourth quarter. Meanwhile, consumers' outlook on the availability of credit deteriorated.

Cards 397
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Passing the ACAMS Exam: A First-Hand Experience | FinTalk

Jack Henry

As I sat staring at the computer screen at hour three, I thought to myself, “Have I done enough? Studied enough?”.

Study 122
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Jack Henry prowls for acquisitions

Payments Dive

The payment technology provider aims to start making acquisitions again this year, the CEO said. While potential targets had been too expensive in recent years, the public market's swoon is creating more options now.

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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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Cryptocurrencies being used by fraudsters, Starling boss says

BankInovation

Bitcoin and cryptocurrencies present several challenges for investors and banks, including their use by criminals, according to Anne Boden, chief executive of Starling Bank Ltd. “People are being scammed and the proceeds normally go into crypto wallets,” Boden said in a virtual interview with Bloomberg UK. The assets are also in a valuation bubble and […].

More Trending

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Fiserv integrates Affirm into Carat merchant platform, plans more integrations

BankInovation

Fiserv is integrating buy now, pay later (BNPL) company Affirm into its Carat merchant platform as part of the core provider’s latest business banking push. Affirm is set to be the first BNPL to fully integrate into Fiserv’s Carat merchant platform, allowing Fiserv merchant clients to add Affirm payment options into their digital checkout. Fiserv […].

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Senate Banking Subcommittee holds hearing on overdraft fees and their effects on working families

CFPB Monitor

Last week, the Senate Banking Committee’s Subcommittee on Financial Institutions and Consumer Protection held a hearing entitled “Examining Overdraft Fees and Their Effects on Working Families.” A recording of the hearing is available here. . After opening statements from Subcommittee Chairman Raphael Warnock (D-GA) and Ranking Member Thom Tillis (R-NC), three witnesses offered testimony and responded to questions from the Subcommittee members.

Study 78
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Listen: What quantum computing may mean for the finance industry

BankInovation

Quantum computing has implications for high-value challenges in finance, according to an industry expert. Quantum computing can be used to measure credit decay as it relates to risk, to increase training speed for machine learning algorithms, including accelerating Monte Carlo calculations, and to optimize portfolios, explains Sam Mugel, who holds a Ph.D. in quantum computing, […].

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Murex Platform Once Again Named Software Solution of the Year

Bobsguide

PARIS, May 12,?2022 — Murex , the global leader in trading, risk management and processing solutions for capital markets, has?won?the Software Solution of the Year?category at the FTF News Technology Innovation Awards 2022. Murex’s MX.3 integrating platform received the distinction for the fourth time in five years. After its FTF News editorial panel shortlisting, MX.3 was voted Software Solution of the Year due to the strong support received from clients and industry peers worldwide.

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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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This week’s podcast episode: CFPB invokes its “dormant authority” to supervise nonbanks that present risks to consumers: What it means for nonbank providers of consumer financial products and services

CFPB Monitor

We first review the scope of the CFPB’s supervisory authority granted by Dodd-Frank and the source of its authority to supervise nonbanks that present risks to consumers. We then discuss how we expect the CFPB to use its risk-based authority, including the types of products it may target and its decision to make public the identities nonbanks. We also look at the practical impact of CFPB supervision for targeted nonbanks and what steps companies can take both to avoid becoming a CFPB target an

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China-based cryptocurrency exchange platform KuCoin hits $10B valuation. KuCoin competitors are Binance, Bybit, Coinbase, FTX, and Paxos.

CB Insights

KuCoin , a cryptocurrency exchange platform, has raised $150M in an extended Series A. The round drew participation from Jump Crypto, Matrix Partners China, and Circle Ventures, among others. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" ><div class="cta has-desktop"><div class="

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Instagram to start testing NFTs | Visa, Google bring virtual cards to autofill | More than $200 billion erased from entire crypto market

Bussman Advisory

FinTech Ecosystem Insights by Bussmann Advisory is our weekly newsletter with over 40’000 subscribers across different social media channels, summarizing relevant news and reports related to ecosystems around disruptive technologies, highlighting key updates from the industry as well as our portfolio companies: Instagram to start testing NFTs with select creators Visa, Google bring virtual cards to autofill More than $200 billion erased from entire crypto market.

Google 52
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Meet Digital Jane, She’s Your Customer and She Has High Expectations

FICO

Meet Digital Jane, She’s Your Customer and She Has High Expectations. FICO. Thu, 05/12/2022 - 22:39. Meet Jane. Jane is 28-year-old woman sharing an apartment in the big city with friends. She uses her mobile phone to conduct a lot of her day-to-day life, including connecting with friends, making purchases, checking her bank account, and even buying a new car.

Meeting 52
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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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Paddle, a subscription billing platform for software companies, hits $1.4B valuation. Paddle competitors are ChargeBee Technologies, Chargify, FastSpring, and RevenueCat.

CB Insights

Paddle , a provider of payments infrastructure for SaaS companies, has raised $200M in a mix of debt and equity. The Series D round drew participation from 83North, FTV Capital, and KKR, among others. The debt financing was provided by Silicon Valley Bank. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" >

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FICO World 2022: Spurring the Applied Intelligence Revolution

FICO

FICO World Is Back! After a 30-month Covid hiatus, FICO World 2022 kicked off this week in Orlando, Florida with more than 1,000 customers and partners joining the conference to explore best practices and new ideas in digital transformation and applied intelligence. The conference, which started 45 years ago, features innovative speakers and more than 80 breakout sessions delivered over 3 days.

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Contract management technology SirionLabs raises from investors including Sequoia Capital and Tiger Global. SirionLabs competitors are Agiloft, Conga, ContractPodAi, and Icertis.

CB Insights

SirionLabs, a provider of contract management technology, has raised $85M in a Series D. The round drew participation from Avatar Capital Partners, Partners Group, Sequoia Capital, and Tiger Global Management. the state of venture report. Download our free report to get the TL;DR on what you need to know about venture funding and trends in Q1 2022. First name.

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UK crypto market survey: 13 mln new customers kept away by low trust

The Paypers

Research from TMT Analysis has revealed that the UK’s crypto market is missing out on 13 million new customers due to its perceived lack of security.

Survey 48
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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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Thailand’s economy battered by Covid-19, war and household debt

The Banker

Encumbered by high household debt, the impact of the pandemic and the war in Ukraine, Thailand’s economy is exploring foreign investment and infrastructure projects to give it a much-needed boost. Peter Janssen reports.

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FIS launches embedded finance capabilities for SMEs

The Paypers

US-based fintech provider FIS has launched an embedded finance offering for SMEs.

Fintech 59
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Thai banks search for growth in stuttering economy

The Banker

When Thailand’s banks were hit with a ratings downgrade, it created uncertainty across the sector. With the country reopening to tourists and the banks exploring new growth models, there is hope of a return to form. Peter Janssen reports.

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Monoova, TrueLayer to launch data-enabled payments in Australia

The Paypers

B2B payments solution provider Monoova and Open Banking enabler TrueLayer have announced the launch of data-enabled payments in Australia using the Consumer Data Right.

Data 36
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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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New GoCardless president, a Mastercard vet, eyes global expansion

American Banker

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Neobank radicant receives banking license from FINMA

The Paypers

Switzerland-based neobank radicant has received a banking license from the Swiss Financial Market Supervisory Authority (FINMA).

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How an ex-BofA CIO ferrets out insider threats

American Banker

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Clear Junction announces a new service for Open Banking vendors

The Paypers

Clear Junction has announced the introduction of a new e-wallet solution that will enable Open Banking providers to overcome some of the challenges they face when going to market.

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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.