Payments Dive
JULY 21, 2023
Direct access to the Fed’s payments system for nonbanks — specifically payments companies — will push the U.S. more fully into payments modernization, writes an executive from cross-border payments company Wise.
Realwired Appraisal Management Blog
JULY 21, 2023
Is there cause for concern in CRE collateral? Absolutely. It’s a cyclical product, no surprise there. We’ve been on an appreciation tear for a long time. In a world focused on clicks and views, what’s your personal cost reading daily negative news?
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Payments Dive
JULY 21, 2023
U.S. commercial card services volume grew 2% in the second quarter, relative to the year-ago period, American Express said in a Friday earnings report.
ATM Marketplace
JULY 21, 2023
Cash is dead right? Not so fast! The Federal Reserve found the average amount of cash held in an adult's pocket, purse or wallet went up in 2023.
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.
Payments Dive
JULY 21, 2023
Ming-Tai Huh shares how his position as a restaurant operator and a tech executive has given him a singular view of the restaurant industry’s challenges.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
American Banker
JULY 21, 2023
The Ohio-based regional bank continued to drive loan and deposit growth in the second quarter. But lending activity is expected to ease while funding costs remain high, tempering net interest income expectations for the full year.
TheGuardian
JULY 21, 2023
Regulations could allow wider access to online-only bank accounts – but no-fee balance transfer deals may have to go Online-only savings accounts offered by big banks could become an endangered species, and it might be curtains for some popular 0% interest credit card deals. However, there could be a boost for bank branches and those customers resisting the push to go digital.
American Banker
JULY 21, 2023
The Dallas-based company, which saw $3.7 billion of deposits withdrawn after Silicon Valley Bank failed, now predicts average deposits will fall 14% to 15% compared with last year. However, the pace of outflow is slowing, say the bank's executives.
Bussman Advisory
JULY 21, 2023
Join our community of 50,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory. Gain insights into disruptive technologies, industry updates, and success stories from our portfolio companies. This week’s must-know stories: Microsoft puts a steep price on Copilot, its AI-powered future of Office documents Apple is testing a ChatGPT-like AI chatbot Nasdaq shelves plans as digital asset custo
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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
American Banker
JULY 21, 2023
The regional bank told analysts that it has studied how much debt it would need to raise based on an effective post-reform capital floor of 6% of risk-weighted assets, and has determined that that increase in capital would be manageable.
BankInovation
JULY 21, 2023
Embedded finance provider Solaris raised 39 million euros ($42 million) in a series F funding round July 11 to strengthen governance and compliance within the fintech. The company hit a valuation of $1.6 billion post the most recent funding round, per CB Insights.
American Banker
JULY 21, 2023
Michigan State University Federal Credit Union will open five branches in the Windy City to serve the more than 10,000 members and potential members living there. This marks the first time that the institution has expanded beyond its home state.
BankInovation
JULY 21, 2023
Huntington Bancshares continued its Operation Accelerate initiative to increase efficiency in the second quarter of 2023 as the bank posted a solid quarter amid economic uncertainty. The $188 billion bank’s initiative, announced in February, involves examining the customer experience, from prospecting to servicing, to find opportunities to automate and simplify processes.
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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
American Banker
JULY 21, 2023
Spring Development Bank aims to use blockchain technology to support funding for the exiled government and provide financial services to the civil war-torn population.
The Paypers
JULY 21, 2023
The Capital Markets Authority has prohibited the use of cryptocurrencies for payments, investments, and digital assets mining in Kuwait.
American Banker
JULY 21, 2023
A U.S. senator claims that proposed new rules would allow bank supervisors to oust bank executives over things as vague as "climate risk" standards.
The Paypers
JULY 21, 2023
KYC company Magic has entered a joint venture with identity verification provider Onfido in a bid to automate KYC with AI-powered tools.
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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.
American Banker
JULY 21, 2023
The company says young consumers, steady credit quality and a robust travel recovery will offset a weaker economy for small businesses.
The Paypers
JULY 21, 2023
Financial infrastructure platform Stripe has partnered with digital platform Staytion to power payments in Southeast Asia, including Singapore, Malaysia, and Thailand.
American Banker
JULY 21, 2023
The Federal Reserve Board of governors will discuss the much anticipated capital changes on Thursday afternoon.
The Paypers
JULY 21, 2023
Fintech Fime has announced EMVCo qualification to support 3DS Directory Server (DS) and Software Development Kit (SDK) testing in line with the latest EMV 3DS specs.
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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.
American Banker
JULY 21, 2023
The National Labor Relations Board has found that the Wisconsin-based insurance provider withheld certain employment information during the collective bargaining process. The company and its workers' union have been locked in contentious contract negotiations.
The Paypers
JULY 21, 2023
Global payments infrastructure company TerraPay has partnered with Africa-based telecommunication company Safaricom to facilitate outbound cross-border remittances.
American Banker
JULY 21, 2023
Broker-dealers, investors and clearing companies, among others, will have to upgrade their operations and technology to meet SEC regulations.
The Paypers
JULY 21, 2023
dLocal has been licensed as a payments institution by the central bank of Brazil, enabling it to offer a suite of financial services and take part in Pix.
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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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