Perficient

APRIL 24, 2024

Uncovering the Challenge: Relying on Spreadsheets for Portfolio Analysis A leading wealth and asset management firm recently sought our financial services expertise for a critical challenge. Relying on complex spreadsheets for portfolio analysis, the firm faced operational hurdles due to immense computing demands. The Perficient Approach: Transforming Operations through Strategic Consulting Our team embraced the challenge, conducting a meticulous two-week analysis to uncover the root issue: a cu

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Payments Dive

APRIL 24, 2024

The card network behemoth’s latest earnings report showed a contraction in card volume growth during the first three months of the year, and into April.

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BankInovation

APRIL 24, 2024

Bank of America’s innovation is never complete since its team constantly updates offerings to meet ever-changing client needs. “At Bank of America, innovation is everybody’s job,” Jorge Camargo, managing director of mobile app, online banking and Erica AI at Bank of America, told Bank Automation News.

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Payments Dive

APRIL 24, 2024

The fintech One now offers buy now, pay later financing at the store chain, presenting competition for Affirm, which has partnered with the retail giant since 2019.

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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

Lending

BankUnderground

APRIL 24, 2024

Julian Reynolds Policymakers and market participants consistently cite geopolitical developments as a key risk to the global economy and financial system. But how can one quantify the potential macroeconomic effects of these developments? Applying local projections to a popular metric of geopolitical risk, I show that geopolitical risk weighs on GDP in the central case and increases the severity of adverse outcomes.

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Realwired Appraisal Management Blog

APRIL 24, 2024

Thomas Weller is a seasoned respected CEO of Union Gateway Bank. He’s predictable as the sunrise. Under his leadership, Union Gateway had earned a reputation for its conservative approach, boasting stability and consistent growth. However, this conservative ethos was a double-edged sword, especially as the tech world around them accelerated.

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American Banker

APRIL 24, 2024

An anti-ESG crusade in Texas exposes the degree to which conservative hype over companies' ESG policies has lost touch with the reality of the market, to the detriment of taxpayers.

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BankInovation

APRIL 24, 2024

Navy Federal Credit Union selected SaaS core modernization provider Zafin to update its core and move away from its legacy mainframe.

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TheGuardian

APRIL 24, 2024

The divestment movement has a long history among US student activists, including in the overlapping movements of today Cameron Jones first learned about fossil fuel divestment as a 15-year-old climate organizer. When he enrolled at Columbia University in 2022, he joined the campus’s chapter of the youth-led climate justice group the Sunrise Movement and began pushing the school in New York to sever financial ties with coal, oil and gas companies.

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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

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The Paypers

APRIL 24, 2024

Standard Chartered has announced its partnership with Visa in order to optimise cross-border payments, as it joined the Visa B2B Connect network.

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Payments 48

TheGuardian

APRIL 24, 2024

Pre-tax profits drop to £1.6bn between January and March, down from £2.3bn last year Lloyds Banking Group has posted a 28% drop in profits for the first three months of the year as intense competition in the mortgage and savings market hit its earnings. The country’s largest mortgage lender, which owns the Halifax brand, said pre-tax profits dropped to £1.6bn between January and March, having fallen from £2.3bn last year when rising interest rates boosted the lender’s profits by almost 50%.

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The Paypers

APRIL 24, 2024

B2B WealthTech platform Allfunds has announced its collaboration with Google Cloud , with the company aiming to improve its features via cloud computing, analytics, and AI.

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TheGuardian

APRIL 24, 2024

Wealthy nations exploit their position as the world’s bankers to siphon off hundreds of billions from the needy Developing nations have long complained that globalisation has enthroned western currencies in such a way as to subsidise living standards in the rich world. Last year , Brazil, Russia, India, China and South Africa – the Brics – even talked of an alternative common currency to replace the dollar.

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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.

Lending

The Paypers

APRIL 24, 2024

US-based One , Walmart ’s majority-owned fintech startup, has launched Buy Now, Pay Later (BNPL) loans for high-value items at 4,6000 of the retailer’s stores.

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American Banker

APRIL 24, 2024

Strong consumer spending and cross-border activity drove an 8% increase in Visa's total payments volume during the first quarter of the year, although Asia's economic recovery is taking longer than expected.

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The Paypers

APRIL 24, 2024

UK-based payments technology company Zilch has extended its partnership with Amazon Web Services (AWS) to support the launch of AI capabilities across its proposition.

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American Banker

APRIL 24, 2024

Mastercard launches service to fight instant-payment fraud, EU may green-light Apple's NFC-access plan, and more.

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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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The Paypers

APRIL 24, 2024

Financial crime intelligence company ComplyAdvantage has acquired Golden to accelerate its AI capabilities in providing financial crime insights.

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Company 45

The Financial Brand

APRIL 24, 2024

This article How CFPB 1033 Charts the Future of Open Banking appeared first on The Financial Brand. Experts from Mastercard, Sidley and i2c share insights on leveraging CFPB 1033 for open banking initiatives, managing risks, seizing opportunities — and preparing for the future of open finance. This article How CFPB 1033 Charts the Future of Open Banking appeared first on The Financial Brand.

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The Paypers

APRIL 24, 2024

Global modern card issuing platform Marqeta has announced its partnership with UK digital bank OakNorth in order to provide improved banking capabilities for SMEs.

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The Paypers

APRIL 24, 2024

India-based Razorpay has partnered with Airtel Payments Bank in order to launch UPI Switch, aiming to provide businesses with improved payment experiences.

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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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The Paypers

APRIL 24, 2024

The UK government has published its plans which include the actions that are set to take place over the coming period for advancing a Smart Data economy.

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The Paypers

APRIL 24, 2024

Digital investment platform Mnaara has expanded in the region of the UK to provide access to private market investments for Shariah-conscious investors.

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The Paypers

APRIL 24, 2024

US-based Pomelo , a fintech startup that combines international money transfer with credit, has raised USD 35 million in Series A funding round.

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The Paypers

APRIL 24, 2024

US-based fintech PSCU/Co-op Solutions has added Amazon One to its suite of digital wallet integrations to enable Pay-by-Palm for cardholders.

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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.

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