Mon.Oct 03, 2022

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Fintechs gain ground in merchant acquiring

Payments Dive

New businesses are far more likely to opt for integrated software vendors over legacy providers, McKinsey discovered.

Fintech 273
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The Week Opens with Treasuries in Rally Mode

South State Correspondent

The Week Opens with Treasuries in Rally Mode. The week opens with Treasuries rallying on a combination of flight-to-safety and talk that yield highs for this cycle may be in place. Since touching 4% last Wednesday the 10yr yield has fallen to 3.68% this morning, up more than a point in price. The flight-to-safety component revolves around rumors that Credit Suisse Bank is facing capital concerns.

Survey 195
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Grocery, restaurant spending climbs: Mastercard

Payments Dive

“Consumers are shifting their spending in the face of higher prices and a reinvigorated appreciation for experiences,” Mastercard said in a new report.

Report 195
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Anderson highlights industry DEI commitment in Convention address

ABA Community Banking

Anderson announced the launch of a new book by ABA SVP Naomi Mercer: “DEI Foundation: Practices for Accelerating Your Bank’s DEI Journey.”. The post Anderson highlights industry DEI commitment in Convention address appeared first on ABA Banking Journal.

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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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A real-time look into open banking

Payments Dive

Open banking has revolutionized financial transactions. Here’s a real-time look into the industry.

Industry 221

More Trending

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Circle launches institutional digital identity system

The Paypers

Circle , the USD stablecoin USDC issuer, has announced the launch of an institutional digital identity system based on Verite, an open-source framework for decentralized identity credentials.

System 69
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Streamlining the Digital Customer Experience Can Lower Abandonment Rates and Drive Up Loyalty

BankInovation

When it comes to supporting customers online, strong business rules and smart digital routing may not be something that even crosses your mind. However, these little understood, behind-the-scenes instruments can make the difference between a competitive organization and one that struggles to keep up with customer needs. In their simplest form, business rules provide the […].

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UK banks to reimburse customers falling for scams

The Paypers

The UK Payment Systems Regulator (PSR) has proposed that all banks must reimburse within 48 hours customers tricked into sending money in a type of online scam.

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What buy now/pay later fintechs can expect next from the CFPB

American Banker

Fintech 85
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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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Taiwan Bank to acquire American Continental amid military tension with China

The Paypers

Taichung Commercial Bank of Taiwan has agreed to buy American Continental Bank for USD 82 million to expand into the US market.

US 69
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US regulators weigh up regional bank buffer rules

The Banker

Rapid regional bank growth is leading some players into “too big to fail” territory, guiding regulators to consider new debt requirements. James King reports.

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Synapse to expand to India and Latin America

The Paypers

Synapse , a US-based fintech, has announced its plans to expand in other countries in Latin America and India, after reaching 1 million accounts in Brazil.

America 61
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Banks could be doing much more to serve Black Americans

American Banker

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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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Societe Generale acquires majority stake in PayXpert

The Paypers

France-based Societe Generale has signed an agreement to acquire a majority stake in the fintech PayXpert , allowing the bank to broaden its offering for retail and online merchants.

Fintech 41
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How banks can ward off competition for small-business clients

American Banker

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NdcTech partners with Red Hat for cloud-native and open-source solutions

The Paypers

Pakistan-based IT and consulting company NdcTech has tapped Red Hat to deliver solutions based on cloud-native, open-source technologies in support of FIs.

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Banks, credit unions at various stages of recovery from Ian

American Banker

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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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Klarna partners with CellPay to implement new payment option

The Paypers

Sweden-based Buy Now, Pay Later (BNPL) fintech Klarna has partnered up with CellPay to offer the latter’s customers more flexible payment options.

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Discovery Federal Credit Union in Pennsylvania picks new CEO

American Banker

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Afreximbank launches Afreximbank Trade Payment Services

The Paypers

African Export-Import Bank (Afreximbank) has launched Afreximbank Trade Payment Services (AfPAY) to facilitate the settlement of international trade.

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Banks, credit unions at various stages of recovery from Ian

American Banker

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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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FinXP launches multi-currency account

The Paypers

FinXP , a Malta-based fintech, has launched a multi-currency account service for businesses that regularly make or receive cross-border payments.

Fintech 36
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Taiwan bank to expand into U.S. with acquisition in California

American Banker

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Letus to offer BlueSnap embedded payments for rental transactions

The Paypers

Canada-based cloud payment platform Letus has chosen BlueSnap to power payments for the property rental market.

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Credit Suisse market turmoil deepens after memo backfires

American Banker

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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.