Accenture
AUGUST 30, 2021
Compared with challenger banks, some traditional banks have been slow to adopt Open Banking. This is perplexing, given the potential $416-billion market opportunity Open Banking represents and the growth we expect to see over the next three years. Some banks have had understandable reasons to be hesitant about adopting Open Banking—but they won’t for much longer.
SWBC's LenderHub
AUGUST 30, 2021
Last Week. Both risk and Treasury markets spent most of last week guessing what Fed Chairman Powell was going to say when he spoke at the annual Fed summit at Jackson Hole, WY, then reacting to the actual address on Friday. Chairman Powell provided what can be called a “dovish taper”. He acknowledged the time may be coming soon to begin tapering the Fed’s massive quantitative easing program, but that tapering would be gradual and data-dependent.
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BankInovation
AUGUST 30, 2021
The big five banks of Canada faced questions about their preparedness for the risks of open banking during last week’s earnings calls, on the heels of news the ruling Liberal party would support a proposed road map for an open banking regime. Leaders at the $1.4 trillion Toronto-Dominion (TD) Bank, $1.3 trillion Royal Bank of […].
SWBC's LenderHub
AUGUST 30, 2021
Since the onset of the digital revolution in the 1990s, FinTech has played an increasingly vital role in streamlining operations for financial institutions. From online bill pay to mobile banking apps and biometric security features, technology is now a dominant factor in the way account holders interact with their financial service providers. In the past decade, this technology has been driven more and more by software and platforms that use artificial intelligence (AI).
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 30, 2021
Robotic Process Automation (RPA) company Automation Anywhere released several updates last week designed to support citizen developers, including a new citizens developer role license. Automation 360, the vendor’s cloud-based platform, will now offer a citizens developer role for business subject matter experts to create and run bots on their own desktops.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
TheGuardian
AUGUST 30, 2021
Greater optimism among companies in August about post-Covid recovery, says Lloyds See all our coronavirus coverage UK business confidence has hit a four-year high, thanks to growing optimism about the post-Covid recovery, but companies highlighted concerns about staff shortages, which could push up pay in the coming months. The vaccine rollout, removal of lockdown restrictions and changes to self-isolation rules all contributed to greater optimism among firms in August, according to the latest s
CFPB Monitor
AUGUST 30, 2021
In June 2020, the National Association of Consumer Advocates, U.S. Public Interest Research Group, and Professor Kathleen Engel (collectively, the “Plaintiffs”) filed a lawsuit in the Massachusetts federal district court challenging the legality of the Consumer Financial Protection Bureau’s Taskforce on Federal Consumer Financial Law (the “Taskforce”).
Banking Exchange
AUGUST 30, 2021
Banks and financial institutions hit hard by soaring anti-money laundering fines Compliance AML & Fraud BSA/AML Feature3 Feature.
The Paypers
AUGUST 30, 2021
Superfinanciera has enabled the controlled test space to promote technological innovation in the financial system, according to the official press release.
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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
Banking Exchange
AUGUST 30, 2021
Move will see SouthPoint extend franchise into Cullman and Marshall counties Management Feature Feature3 M&A Community Banking.
CB Insights
AUGUST 30, 2021
Workstream , a frontline worker hiring platform, has raised $48M in a Series B. The round drew participation from Coatue Management, BOND, Dreamers Fund, and Founders Fund, among others. HOW’S THE COMPANY PERFORMING? San Francisco-based Workstream primarily caters to small businesses and hourly workers. The company has grown 10x over the past year.
Banking Exchange
AUGUST 30, 2021
Merger with TFC opens up new opportunities and recruitment drive Community Banking Feature3 Feature Management M&A.
BankInovation
AUGUST 30, 2021
Robotic Process Automation (RPA) company Automation Anywhere released several updates last week designed to support citizen developers, including a new citizens developer role license. Automation 360, the vendor’s cloud-based platform, will now offer a citizens developer role for business subject matter experts to create and run bots on their own desktops.
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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 30, 2021
The Australian government has announced it is considering new laws that would tighten the regulation of digital payment services by tech giants such as Apple and Alphabet's Google.
CB Insights
AUGUST 30, 2021
Plentific , a property management platform, has raised $100M in a Series C. The round drew participation from Brookfield Asset Management, Highland Europe, and Target Global, among others. How’s the company performing? UK-based Plentific assists property managers and landlords with launching and managing contractor supply chains for repair and maintenance services.
The Paypers
AUGUST 30, 2021
Tiger Brokers , an online brokerage that lets users trade and manage their investments through its Tiger Trade platform, has partnered Onfido.
CB Insights
AUGUST 30, 2021
Bazaar , a B2B marketplace for merchants, has raised $30M in a Series A. The round drew participation from Indus Valley Capital, Alter Global, Wavemaker Partners, and Defy Partners among others. HOW’S THE COMPANY PERFORMING? Karachi-based Bazaar provides B2B e-commerce services to 750,000 small merchants across Pakistan. It provides users with digital ledger services for bookkeeping and credit collection.
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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 30, 2021
Italy-based digital fintech platform for expense management Switcho has upgraded its services by teaming up with Open Banking provider Salt Edge.
The Paypers
AUGUST 30, 2021
Canada-based data analytics company Fobi has completed integration of platform with Shopify by launching Fobi App on the Shopify App Store for purchase by Shopify retailers.
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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 30, 2021
Amazon has announced teaming with US-based payments company Affirm to offer online shoppers a Buy Now, Pay Later option that does not involve credit cards.
Bankelele
AUGUST 30, 2021
“Aiming High” is an autobiography of Kenneth Matiba that covers his life as a civil servant, businessman, farmer, corporate leader, member of parliament, cabinet minister, and presidential candidate. It’s also a good business book that’s well written and detailed. Excerpts: Scaling Farming Ventures While exporting beans to Europe, he faced freight challenges.
The Paypers
AUGUST 30, 2021
Walmart-owned PhonePe has received in-principle approval from the Reserve Bank of India (RBI) to operate as an Account Aggregator (AA), according to moneycontrol.com.
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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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