South State Correspondent
MARCH 1, 2022
Last week, JP Morgan opened banking’s first presence in the metaverse within the blockchain-based virtual world of Decentraland (go HERE for a primer). The “Onyx Lounge,” named after the Bank’s blockchain product, comes complete with a roaming tiger greeting visitors and an ironic portrait of CEO Jamie Dimon, who has been a crypto naysayer.
ATM Marketplace
MARCH 1, 2022
Bitcoin ATMs are becoming more common across the globe, with 45,000 in North America alone. Wayne Vandekraak, CSO of OptConnect shared some guidance at how to handle Bitcoin ATM connectivity.
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ABA Community Banking
MARCH 1, 2022
Banks get deliberate about multicultural markets as a path to financial inclusion—and growth. The post Banking’s Multicultural Moment appeared first on ABA Banking Journal.
BankInovation
MARCH 1, 2022
The banking industry is currently in the midst of a transformative migration heavily weighted towards digitization. To make this enormous shift possible, financial institutions are increasingly turning to hyperautomation. According to a KPMG report, 59% of executives say that the pandemic has accelerated their organizations’ interest in driving digital transformation.
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.
TheGuardian
MARCH 1, 2022
Oliver Bullough has traced how the British financial system has sheltered ill-gotten Russian wealth over many decades. Can the system be cleaned up? In response to Vladimir Putin’s escalating assault on Ukraine, the UK has added more than 100 individuals and entities to its sanctions list. Boris Johnson says these measures are designed to “squeeze Russia from the global economy”.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
William Mills
MARCH 1, 2022
It can be tough to keep up with what's new in fintech, industry trends, and competitive insight in today's fast-paced and forward-thinking environment. From ever-evolving consumer preferences to the continued uncertainty of the global pandemic, the industry has undoubtedly been "through the ringer" as of late.
BankInovation
MARCH 1, 2022
CHARLOTTE, N.C. — Truist has completed the brunt of its technology integration work and, despite a digital-first strategy, has chosen to retain the two treasury systems from BB&T and SunTrust, the banks that merged Truist. Bryce Elliott, Truist’s chief information officer for wholesale and enterprise payments, said at the Bank Automation Summit 2022 today that […].
The Paypers
MARCH 1, 2022
Japan has announced on 1 March 2022 that it joined the US and its international allies in imposing additional sanctions to the Russian Federation, amid the conflict in Ukraine.
BankInovation
MARCH 1, 2022
RBC is looking to its artificial intelligence electronic trading platform “Aiden” to steer global market clients through volatile times. RBC CEO Dave McKay pointed to market and economic volatility “driven by heightened geopolitical risk, continued supply chain disruption, acute labor capacity shortages, energy market imbalances and resulting high inflationary conditions,” during the $1.4 trillion bank’s […].
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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
MARCH 1, 2022
Fiserv, a leading global provider of payments and financial services technology solutions, has developed a new fraud mitigation service that has reduced fraud losses, which were already low by industry standards, by 10 to 15% for its small to midsize credit union and bank clients. False declines — legitimate transactions wrongly flagged as fraudulent — decreased by an average of 20%.
BankInovation
MARCH 1, 2022
The Federal Reserve Board is taking a fresh look at how financial firms get coveted access to the U.S. central bank’s payment system — a controversial question that’s weighing on President Joe Biden’s pick to be Wall Street’s top bank regulator. The Fed on Tuesday proposed a plan that it said would help ensure the fairness of […].
FICO
MARCH 1, 2022
Following the highly successful The 11 Commandments of Digital Banking eBook , we are kicking off a series of 5 deeper dive blog posts that group the 11 Commandments below into common themes. Digital lift-and-shift is not a strategy! Friction – not inherently good or evil. Be personable in this impersonal channel. Respect the data. Engage me, teach me – feed my TikTok obsession.
CB Insights
MARCH 1, 2022
Perfios , a financial statement analysis software provider, has raised $70M in a Series C. The round drew participation from Bessemer Venture Partners and Warburg Pincus. HOW’S THE COMPANY PERFORMING? India-based Perfios enables financial institutions to collect and analyze structured and unstructured data in order to automate lending decisions.
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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
ABA Community Banking
MARCH 1, 2022
FDIC-insured banks and savings institutions earned $63.9 billion in the fourth quarter of 2021, a 7.4% increase from the year prior, and full-year net income increased 89.7% to $279.1 billion, the FDIC reported today in its Quarterly Banking Profile. The post FDIC: Bank Profits Rise in Fourth Quarter, Full Year appeared first on ABA Banking Journal.
The Paypers
MARCH 1, 2022
Global payment processors and card issuers Visa and Mastercard have blocked multiple Russian financial institutions from their network, in compliance with the US government sanctions imposed over the ongoing war in Ukraine.
The Paypers
MARCH 1, 2022
New Zealand-based ANZ has announced it is re-merging its digital and retail divisions into one unit, as the bank gets closer to launching its customer-facing app, ANZ Plus.
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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
MARCH 1, 2022
Data has shown that almost 459 Australian branches have been shut down in the last few years, while thousands of ATMs were also removed.
American Banker
MARCH 1, 2022
The Paypers
MARCH 1, 2022
M-KOPA , a fintech that provides connected financing and digital financial services to underbanked consumers across four African markets, has announced its USD 75M Growth Equity round.
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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
MARCH 1, 2022
Volopay , a Singapore-based fintech startup, has raised a USD 29 million Series A in debt and equity financing as it seeks to further expand its footprint in Asia-Pacific, and MENA.
The Paypers
MARCH 1, 2022
UK-based Moneyhub , an Open Data and payments platform, has called for greater data-sharing among financial firms as part of its response to the FCA ’s Consumer Duty Proposals.
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