Tue.Jul 04, 2023

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Bank Customer Experience Summit panel offers insight on hospitality strategies

ATM Marketplace

How do banks develop hospitality? A panel at the Bank Customer Experience held in Charlotte, North Carolina from Sept. 12 to 13 will look at this topic in detail.

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Nigel Farage’s Coutts bank account closed due to lack of funds

TheGuardian

Former Brexit party leader has claimed private bank targeted him over political views The private bank Coutts is understood to have shut Nigel Farage’s bank account after he fell below the prestigious lender’s wealth requirements, raising questions over the Brexiter’s claims that the bank was targeting him over his political views. The former Brexit party and Ukip leader has said the closure was likely to have been linked to his status as a politically exposed person (PEP) and claims in the Comm

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TransUnion partners with NatWest

The Paypers

TransUnion has expanded its partnership with NatWest in order to introduce the new Know Your Credit Score service for customers and clients in the UK.

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‘It has lost its appeal’: Canary Wharf faces an uncertain future

TheGuardian

London’s docklands financial district is facing the loss of major firms such as HSBC and its owners are having to innovate to stem the exodus “It’s not happening.” This is the blunt assessment of the success of efforts to turn Canary Wharf into a shopping and leisure destination. “Mondays and Fridays are dead,” says the frank shop worker. “This shop used to take a fair bit before Covid but now everything’s changed.

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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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Covento by Vestas partners with Mangopay

The Paypers

Sustainable energy solutions company Vestas has expanded its partnership with payment infrastructure provider Mangopay to manage the payment flows of its B2B marketplace, Covento.

More Trending

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Argentina advances usage of the Chinese yuan

The Paypers

The Central Bank of Argentina has issued a statement which said that it enabled the Chinese yuan as a currency form in savings and checking accounts.

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Watchdog summons UK bank bosses to discuss weak savings rates

TheGuardian

Financial Conduct Authority to meet executives on Thursday as part of its investigation into savings market UK bank bosses have been summoned to a meeting with the financial watchdog this week amid mounting concerns that they are profiting from rising interest rates by offering paltry savings rates to customers. Executives from the big high street names Lloyds Banking Group, NatWest, HSBC and Barclays, as well as from smaller lenders, are due to attend a meeting at the Financial Conduct Authorit

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AI is about to make synthetic fraud a much bigger problem

American Banker

Synthetic fraud — which combines real and false identifying information — has been a niche variety of identity theft for some time. But recent advancements in artificial intelligence and people's access to it might bring it into the mainstream in a big way.

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Average rate on five-year fixed mortgage deal in UK climbs above 6%

TheGuardian

Rate is at highest level since last November, and average two-year fix is now 6.47% A typical five-year fixed mortgage deal in the UK now has an interest rate of more than 6%, putting further pressure on borrowers who are hoping to buy a home or reaching the end of their existing deals. Data from the financial information firm Moneyfacts shows the cost of a five-year deal for homeowners rose to 6.01% on Tuesday, up from 5.97% on Monday.

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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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Juniper Research: Stablecoin use to surge by 2028

The Paypers

Juniper Research has published a new study, which found that the value of payment transactions made with stablecoins will surpass USD 187 billion by 2028, from USD 53 billion in 2023.

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How to nail your interview at a financial services firm.

American Banker

Banks know what they're looking for. Here are key ways to show them that you can bring it to the table.

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Nexusguard research reveals DDoS attacks doubled in 2022

The Paypers

Nexusguard has revealed in its DDoS Statistical Report for 2022 that the distributed denial of service attacks worldwide increased by 115.1% over the amount observed in 2021.

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A Banker’s Guide to Digital and AI Transformation Success

The Financial Brand

This article A Banker’s Guide to Digital and AI Transformation Success appeared first on The Financial Brand. McKinsey's digital & artificial intelligence leaders offer a roadmap to transformation success, including a case study on how DBS Bank did it. This article A Banker’s Guide to Digital and AI Transformation Success appeared first on The Financial Brand.

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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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FullCircl partners with ComplyAdvantage

The Paypers

UK-based Customer Lifecycle Intelligence platform FullCircl has partnered with financial crime intelligence company ComplyAdvantage to facilitate AML and KYC screening.

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A Banker’s Guide to Digital and AI Transformation Success

The Financial Brand

This article A Banker’s Guide to Digital and AI Transformation Success appeared first on The Financial Brand. McKinsey's digital & artificial intelligence leaders offer a roadmap to transformation success, including a case study on how DBS Bank did it. This article A Banker’s Guide to Digital and AI Transformation Success appeared first on The Financial Brand.

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Sidetrade acquires CreditPoint Software

The Paypers

AI-powered Order-to-Cash provider Sidetrade has announced the complete acquirement of the US-based real-time B2B credit risk solution provider CreditPoint Software.

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NatWest publishes on bank's approach to Open Banking

The Paypers

UK-based bank NatWest has concluded that FIs and banks need to design frameworks for supporting a wider range of Open Banking use cases in newly published report.

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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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ITC and Alibaba.com to support MSMEs in embracing digital trade

The Paypers

Alibaba.com has signed a Memorandum of Intent (MOI) with International Trade Centre (ITC) to encourage MSMEs to take part in the global digital trade.

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Xoxoday partners with Uber for Business

The Paypers

Digital rewards, incentive, and payout partner for companies Xoxoday has announced a global partnership with the Uber B2B vertical, Uber for Business.

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Sahamati launches a data-sharing transparency initiative

The Paypers

India-based Sahamati has launched an Account Aggregator data-sharing transparency initiative in a bid to respond to concerns over unfair data usage.

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Infinios partners with Secureworks to support the fintech ecosystem

The Paypers

Bahrain-based fintech Infinios has teamed up with US-based cybersecurity company Secureworks to support the development of the fintech ecosystem.

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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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Inpay secures EMI license

The Paypers

International payments firm Inpay has obtained an Electronic Money Institution license from the Danish Financial Supervisory Authority (FSA).

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Akurateco announces two integrations in the MENA region

The Paypers

White-label payment gateway provider Akurateco has announced two new integrations in the MENA region, namely Tap Payments and MyFatoorah.