Fri.Jun 18, 2021

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People will help banks win the race to the cloud

Accenture

Banking’s push to digital during the pandemic has placed tech in the spotlight. The power of the cloud has never been so clear. Accenture research shows that 49% of banks have moved a significant portion of their workloads to the cloud, compared with 33% of businesses across all industries. It’s safe to say that nearly…. The post People will help banks win the race to the cloud appeared first on Accenture Banking Blog.

Industry 307
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Is your ATM experience seamless?

ATM Marketplace

Customers' expectations have changed dramatically these past few years. They now expect seamless experiences across all channels. Can your ATM keep up with this demand?

ATM 134
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Deloitte’s UK employees to decide ‘when, where and how they work’

TheGuardian

Accounting firm embraces ultra-flexible working with staff able to choose if they come into the office at all Deloitte will allow its 20,000 UK employees to choose how often they come into the office, if at all, after the pandemic, making it the latest firm to throw out the rulebook and embrace ultra-flexible working. The accounting firm said it would let staff decide “when, where and how they work” following the success of remote working during the Covid crisis.

Company 99
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AI-driven hedge fund rules out Bitcoin for lack of ‘fundamentals’

BankInovation

A Swedish hedge fund that returned roughly four times the industry average last year using artificial intelligence won’t touch Bitcoin, based on an assessment that the cryptocurrency doesn’t lend itself to sensible analysis. Patrik Safvenblad, the chief investment officer of Volt Capital Management AB, says the problem with Bitcoin and other crypto assets is that […].

Bitcoin 98
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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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HSBC offers sub-1% mortgage as interest rate war intensifies

TheGuardian

Banks and building societies fight for customers as house prices rise in frenzied market HSBC has become the latest lender to offer a mortgage deal with an interest rate of less than 1% in the latest sally of an intensifying mortgage rate war. Banks and building societies are fighting for customers in a frenzied property market, described by the Bank of England’s chief economist as “on fire” as the government’s stamp duty holiday combines with big deposits saved during lockdown to ramp up demand

More Trending

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Office, hybrid or home? Businesses ponder future of work

TheGuardian

The government’s work from home guidance in England could end next month, leaving three options Coronavirus – latest updates See all our coronavirus coverage The government could announce an end to its work from home guidance in England next month, leaving companies with three broad choices: bring everyone back to the office; introduce a flexible working regime; or allow people to work from their home office, kitchen table or garden shed permanently.

Company 87
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Infrastructure fintechs close notable funding rounds this week 

BankInovation

This week, investors looked to infrastructure fintechs for new funding opportunities, with interest once again on a Latin American fintech. Here are Bank Automation News’ highlights. 10X Technologies London-based 10x Future Technologies, a cloud-native systems provider for banks, announced Wednesday its oversubscribed $187 million Series C financing round, co-led by funds managed by BlackRock and Canada Pension Plan Investment Board (CPP Investments) and supported by existing investors JPMorga

Fintech 96
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The ASEAN Financial Innovation Network launches digital currency sandbox

The Paypers

The ASEAN Financial Innovation Network (AFIN) has launched a digital currency sandbox so that banks and fintechs can experiment with central bank digital currency applications.

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Weekly Wrap: China pushes U.S. to take central bank digital currency seriously

BankInovation

This week, Bank Automation News delves into a House committee’s inquiry into a potential central bank digital currency (CBDC), and explored China’s role in prompting the U.S. to explore a CBDC, as well as the U.S. hesitancy to adopt digital currency. The BAN team also explored how neobanks are causing more banks to abandon a […].

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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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EXCEL Federal Credit Union (GA) Rewards Checking Available Statewide

BankDeals

EXCEL Federal Credit Union (Georgia) has been offering its competitive Kasasa Cash Checking and Kasasa Cash Back accounts for more than three years.

Georgia 52
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Xi'an Bank and Hainan Bank take part in China's CBDC trials

The Paypers

Xi’an Bank and Hainan Bank are the latest Chinese banks to begin participating in the country’s central bank digital currency (CBDC) trials, Chinese media agency Sohu has reported.

Report 57
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Valley First Credit Union (CA) Adds 15-Month CD Special

BankDeals

First Valley Credit Union (Central Valley, California) has added a competitive 15-month CD Special ($1k minimum of new money) to its product line.

CA 52
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PayMaya expands mobile shopping access to over 350 brands in PayMaya Mall

The Paypers

Phillippines-based payments platform PayMaya has updated its mobile shopping offers under its PayMaya Mall feature to include the 350 trusted brands in food, groceries, beauty, fashion, and more.

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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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OCC, states declare ceasefire in fintech charter case. Will it hold?

American Banker

Fintech 101
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Fintech Raisin launches in the US

The Paypers

Fintech Raisin and US-based MapleMark Bank have announced the launch of Raisin’s patented term deposits technology on MapleMark Bank’s digital platform, according to the official press release.

US 52
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Sterling Bancorp’s AI assistant tackles half of customer calls

American Banker

96
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Volt raises USD 23.5 mln to build global instant payments network

The Paypers

Open payments gateway Volt has raised a USD 23.5 million Series A to fund expansion into new territories and build out its global instant payments footprint, says the official press release.

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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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In battle for talent, small credit union matches big-bank wages

American Banker

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EVO Payments partners with Plesk

The Paypers

US-based payment provider EVO Payments has announced partnering with software company Plesk to offer small and medium-sized companies (SME’s) a software package for their ecommerce business.

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Payments cards, credit monitoring: What's next for installment lenders

American Banker

Cards 88
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JPMorgan acquires investment platform Nutmeg in UK retail push

The Paypers

JPMorgan Chase has bought UK-based digital wealth manager Nutmeg as part of the US bank's expansion into the UK retail banking and investment market.

Retail 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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Bank branches on the verge of extinction? Not anytime soon

American Banker

ATM 83
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Will the European Commission give ground over Basel III output floor?

The Banker

Critics say proposed minimum capital requirements will disadvantage EU banks and hamper eurozone’s recovery from Covid-19.

Capital 36
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For many bank employees, remote work is here to stay

American Banker

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TIE Kinetix using AI for onboarding

The Paypers

Netherlands-based supply chain digitisation provider TIE Kinetix has announced that their software platform FLOW Partner Automation’s onboarding services are now powered by artificial intelligence (AI).

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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.