Jack Henry
AUGUST 24, 2021
As many of you are aware, there is a proposal in Congress to cap debit interchange, and it’s likely to pass into law. For institutions with less than $10B in assets, the cap could eliminate 25% to 35% of interchange income. While it’s always a good idea to have multiple healthy income streams, this unfavorable outlook for interchange makes it especially relevant now.
ATM Marketplace
AUGUST 24, 2021
Fintech companies are continually developing innovative strategies to reach out to a changing customer base during uncertain times. The Bank Customer Experience, being held in Chicago from Sept. 13 to 15, will deliver multiple sessions on fintech strategies and how to use them.
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BankInovation
AUGUST 24, 2021
Citizens Bank is piloting a new corporate investment program that allows clients to invest in environmentally responsible companies, relying in part on back-end automations and algorithms to help review and monitor their portfolio. The Green Deposits program allows corporate clients to invest in sectors such as energy efficiency, renewable energy, sustainable food, agriculture, waste management […].
TheGuardian
AUGUST 24, 2021
Activists say the bank, which handles government tax accounts, gives billions in funding to fossil fuel industries Hundreds of Extinction Rebellion protesters have blocked Whitehall in a protest against HMRC’s links to Barclays Bank, which handles the government’s tax collection bank accounts. On the second day of the environmental protest group’s latest campaign of protest and civil disobedience, activists from its Welsh chapter locked themselves together in the street in front of the tax colle
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.
BankInovation
AUGUST 24, 2021
SAN ANTONIO, Texas – Full Skope LLC has launched a new version of its SkopeLend loan origination system (LOS), a modern loan origination platform that builds upon the success of Full Skope’s previous LOS, which over the last twelve months processed more than 10,000 Paycheck Protection Program (PPP) loans for over 15 financial institutions across […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankInovation
AUGUST 24, 2021
Non-fungible tokens are ready to get more interactive, according to one firm that’s working to create “intelligent” versions. Alethea AI, which allows users to embed AI animation, interaction, and voice synthesis capabilities into NFTs, is looking to expand in a space with a lot of competition. But the firm has already had some commercial success, […].
CFPB Monitor
AUGUST 24, 2021
A federal district court in the Northern District of California has dismissed a lawsuit brought against Facebook alleging that Facebook allowed housing advertisers to target users based on protected characteristics under the Fair Housing Act, finding that the plaintiffs failed to allege any injury that would create Article III standing. This decision is very similar to, and indeed cites, a decision from the District of Maryland that we blogged about last month , which dismissed a similar lawsuit
BankBazaar
AUGUST 24, 2021
This month, we launched the fourth edition of the award-winning BankBazaar Aspiration Index. Read on for the major highlights of the report. . National Aspiration Index Up From Last Year. As per the latest study, the National Aspiration Index for 2021 stands at 84.4, up from last year’s dismal 79.9. Even as the Aspiration Index rose, it did on the back of non-material aspirations.
CB Insights
AUGUST 24, 2021
DriveWealth , a brokerage infrastructure company, raised $450M in a Series D. The round drew participation from Accel, Insight Partners, Fidelity International, and SoftBank Group among others. HOW’S THE COMPANY PERFORMING? New Jersey-based DriveWealth offers cloud-based, API-driven brokerage infrastructure to support various investment types.
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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
FICO
AUGUST 24, 2021
As a fraud professional, you may feel as though your organization walks a tightrope, balancing minimal customer friction with maximum risk mitigation. The challenge is magnified in today’s fast-paced multi-channel environment, where, for example, a customer may be asked to verify a point-of-sale card transaction flagged as fraudulent, only to be forced to jump through multiple authentication hoops when they check their mobile banking app immediately afterward, just to make sure their credit card
CB Insights
AUGUST 24, 2021
JustCo , a co-working space provider, has raised $74M in an extended corporate minority round from Daito Trust Construction. HOW’S THE COMPANY PERFORMING? Singapore-based JustCo provides co-working space, private office space, meeting rooms, and event space rentals. The company offers a 5-day free trial to potential clients so that they can experience the workspace and its facilities prior to finalizing a booking.
The Paypers
AUGUST 24, 2021
Visa had bought a CryptoPunk non-fungible token (NFT) for which it paid almost USD 150,000.
CB Insights
AUGUST 24, 2021
QuintoAndar, a Brazilian online marketplace for residential rentals, raised $120M in an extended Series E with participation from Tencent Holdings and Greenoaks Capital Management. How’s the company performing? Brazil-based QuintoAndar helps connect tenants to landlords and home-buyers to sellers. The company has over $9.26B in assets under management and facilitates 200,000 scheduled apartment/home visits every month.
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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
The Paypers
AUGUST 24, 2021
Resurs Bank has announced launching direct bank payments in the Nordic market through a new partnership with Sweden-based fintech Trustly.
The Financial Brand
AUGUST 24, 2021
Despite progress in analytics, data-driven decision-making lags, especially with SMB customers, making them susceptible to poaching. The post Banks’ Poor Use of Data Drives Business Customers to Fintechs appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
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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.
The Paypers
AUGUST 24, 2021
B2B ordering and supply platform in the manufacturing and procurement industry, CADDi , has raised a USD 73 million Series B round, according to TechCrunch.
The Financial Brand
AUGUST 24, 2021
Giving consumers more control is seen as a big plus, but pressure from neobanks, Ally and Walmart could make PNC vulnerable on pricing. The post How PNC Adapted Its Virtual Wallet to Solve Overdraft Complaints appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
The Paypers
AUGUST 24, 2021
India-based fintech startup Khatabook has closed a USD 100 million Series C funding round led by US-based Tribe Capital and Moore Strategic Ventures (MSV).
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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.
The Paypers
AUGUST 24, 2021
Mastercard and NatWest Group have launched Pay by Bank app (PbBa) to mobile banking app users across the NatWest Group brands: NatWest, Royal Bank of Scotland, Ulster Bank, and Coutts, according to IBS Intelligence.
The Paypers
AUGUST 24, 2021
Blockchain-based payment network Roxe has partnered with international foreign exchange broker Treviso to enable remittances to Brazil.
American Banker
AUGUST 24, 2021
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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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