Fri.Apr 26, 2024

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Why financial institutions should embrace ISO 20022

Payments Dive

Adopting ISO 20022 payment standards can help U.S. banks and credit unions unlock richer data and stay competitive in the global financial marketplace.

Data 195
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Barclays accused of greenwashing over financing for Italian oil company

TheGuardian

Exclusive: Environmental groups say bank is misleading public over ‘sustainable’ financing for Eni as company vastly expands fossil fuel production Barclays is being accused by environmental groups of greenwashing after helping to arrange €4bn (£3.4bn) in financing for the Italian oil company Eni in a way that allows them to qualify towards its $1tn sustainable financing goal.

Company 65
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NatWest eyes simplification to cut costs

BankInovation

NatWest is driving its costs down by reducing branches, trimming headcount and simplifying operations. “We incurred higher severance, branch and property exit costs in the first quarter and expect these to be weighted to the first half of the year,” Chief Financial Officer Katie Murray said during the bank’s first-quarter earnings call today.

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Four ways Stonier changes bankers’ careers

ABA Community Banking

The past three years have been a transformative time for banks. Here's how Stonier helped bankers toss out old playbooks and write new ones on the fly. The post Four ways Stonier changes bankers’ careers appeared first on ABA Banking Journal.

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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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Capital One waiting for regulatory approval of Discover acquisition

BankInovation

As it waits for regulators to approve its $35 billion acquisition of payments network Discover, Capital One is “fully mobilized to plan and deliver a successful integration.

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SBA Loan for Assisted Living That Finances Your Dream Facility

Commercial Lending USA

An SBA loan for assisted living could help you reach your goal of giving seniors the best care possible. According to the U.S. Administration for Community Living, the U.S.

Lending 52
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Where are bank branches headed?

ATM Marketplace

Bank branches are decreasing in number across the U.S., but this trend doesn't tell the entire story.

Trends 62
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Visa enters the AWS Partner Network

The Paypers

US-based payment card services corporation Visa has announced that it entered the AWS Partner Network (APN) to enhance and simplify digital payments worldwide.

US 48
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UK consumers feeling more confident about finances, says NatWest boss

TheGuardian

For first time since August 2021 people expect position to be better in a year, Paul Thwaite adds Consumer confidence is bouncing back in the UK, with people predicting a brighter financial future for the first time in two years, NatWest has said. Paul Thwaite, the bank’s chief executive, said easing price pressures as inflation comes down seemed to be feeding through to the general public.

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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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FastSpring, EBANX expand Pix payments for digital products in Brazil

The Paypers

FastSpring has partnered with fintech EBANX to augment the payment experience with Pix in Brazil, facilitating global expansion for digital product companies.

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American Banker news quiz: April 26

American Banker

In the inaugural iteration of American Banker's news quiz, test your knowledge on top articles covering the legal battles of the Consumer Financial Protection Bureau, new technology testing at JPMorgan Chase, earnings season and more.

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Splitit launches FI-PayLater

The Paypers

US-based instalment service Splitit has launched the FI-PayLater solution to provide its merchant network to banks and card issuers aiming to offer instalment plans to customers.

US 41
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Associated in Green Bay gathers lending momentum, boosts margin

American Banker

The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.

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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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Flutterwave partners with Acquired.com

The Paypers

Flutterwave has announced its partnership with Acquired.com in order to provide secure and efficient outward card payments on Send App for EU and UK users.

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Renasant taps insider as next CEO, Aspiration spins out new brand

American Banker

Mississippi's Renasant names its next CEO; environmental fintech Aspiration Partners spins out its consumer brand; the OCC adds five weeks to comment period for Capital One-Discover merger; and more in the weekly banking news roundup.

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Fidesta chooses iDenfy to streamline remote client identification

The Paypers

Cyprus-based provider of trust services Fidesta has implemented iDenfy ’s ID, AML, phone, and address verification solutions for an improved customer experience.

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Cullen/Frost boosts loan growth forecast despite higher-for-longer rates

American Banker

The San Antonio-based bank said that loan growth, fueled in part by its expansion in key Texas markets, may compensate for pressure on deposits. It slashed the number of rate cuts it expects this year from five to two.

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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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WEX partners with Booking.com to improve global travel solutions

The Paypers

Global commerce platform WEX has become Booking.com ’s preferred virtual card provider to simplify travel-related purchases for customers.

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Custodia to appeal ruling in Fed lawsuit

American Banker

The Wyoming-based digital asset bank filed paperwork to challenge last month's district court ruling, which affirmed the Federal Reserve's view about its discretion over master account applications.

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Airwallex expands payment acceptance to the US

The Paypers

Airwallex has expanded payment acceptance to the US, to accelerate its development process and optimise cross-border payments for customers.

US 45
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We’ve Updated Our Social Media!

Image Works Direct

In case you haven’t noticed by now, the image.works social media has undergone a major refresh! Two of our goals in 2024 were to focus on our branding and increase our engagement on social media. So, what does that look like?

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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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RBI bars Kotak Bank

The Paypers

The RBI has ordered Kotak Mahindra Bank to stop onboarding new customers through its online and mobile banking channels and stop issuing new credit cards.

Mobile 41
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Bank branches need to balance new technology with personal service

American Banker

Branches won't succeed without significant investment in mobile and in-branch technology; but failing to invest in bankers themselves is just as big a problem.

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Elavon and FreedomPay join forces

The Paypers

Elavon has announced its expanded collaboration with FreedomPay , which aims to deliver integrated commerce solutions and omni-channel payments technology.

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'Be your own champion': How hybrid work can empower careers

American Banker

To build their executive presence in meetings and on video calls, junior employees should embrace flexible schedules — and possibly media training, Michelle Young of Worldpay and Anna Greenwald of MoneyGram International said at American Banker's Payments Forum.

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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.