Fiserv hired ‘thousands’ of workers this year, CEO says
Payments Dive
DECEMBER 19, 2022
Even as the payments and fintech company cut employees this year, it hired “thousands” of workers, Fiserv CEO Frank Bisignano said in an interview.
Payments Dive
DECEMBER 19, 2022
Even as the payments and fintech company cut employees this year, it hired “thousands” of workers, Fiserv CEO Frank Bisignano said in an interview.
Accenture
DECEMBER 19, 2022
Banks currently dominate the provision of treasury services for businesses in the United States, but they are beginning to face challenges to their long reign. Accenture conducted a survey of over 300 US businesses about their treasury functions, and the findings in our new report, “Unlock the treasury management treasure chest,” will be of particular….
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Payments Dive
DECEMBER 19, 2022
Some payments companies have plans for extensive hiring next year, despite the economic headwinds that led other players to contract this year.
Abrigo
DECEMBER 19, 2022
Checklists, guides, and more to help you and your AML-CFT staff Thousands of FinCrime professionals have accessed these guides, checklists, and other resources produced in 2022 by Abrigo's team, which includes former bankers, BSA officers, and regulators. . Would you like other articles like this in your inbox? Takeaway 1 Effective AML/CFT programs require ongoing training to keep AML and fraud staff compliant.
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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
BankUnderground
DECEMBER 19, 2022
Ieva Sakalauskaite and Qun Harris. Following the Global Financial Crisis of 2007–08, some regulators introduced rules on bankers’ bonuses with an aim to mitigate incentives to take excessive risks, and in turn promote financial stability. In a recent paper we use detailed data on remuneration of staff in six large UK banks to look at how two of those rules – the bonus cap and deferral – affected bankers’ pay.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Banking Exchange
DECEMBER 19, 2022
Plus: Georgia’s Piedmont Bank buys stake in lender; Texas-based Fidelity to change ownership Management Feature M&A Community Banking Feature3.
CFPB Monitor
DECEMBER 19, 2022
On December 13, 2022, the Ninth Circuit affirmed the grant of summary judgment by a California federal district court to the Consumer Finance Protection Bureau (“CFPB”) in a civil enforcement action alleging that Armond Aria, the owner of Global Financial.
The Paypers
DECEMBER 19, 2022
The European Bank for Reconstruction and Development (EBRD) has partnered with cybersecurity company ISSP to enhance digital security for SMEs in Moldova.
CFPB Monitor
DECEMBER 19, 2022
On December 12, 2022, the CFPB released a proposed rule that would require certain “covered nonbanks” to register with and submit information to the CFPB when they become subject to certain orders from local, state, or federal agencies and courts.
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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
TheGuardian
DECEMBER 19, 2022
Whether or not his poll was genuine, Musk would be wise to take a step back from the social media site There are two theories about Elon Musk’s latest online poll. One says he was genuinely interested in whether Twitter users think he should step down as chief executive of the social media site. A second says he has already accepted that he’ll have to give up day-to-day management and, in usual attention-seeking style, was creating fake drama around the event.
BankInovation
DECEMBER 19, 2022
JPMorgan Chase & Co. has signed the final terms to acquire a 48.5% stake of Greece’s payment firm Viva Wallet, according to press reports in the country. The U.S. bank will buy out all the minority holders for an amount that is expected to be above €820 million ($869 million), the news website kathimerini.gr reported, […].
The Paypers
DECEMBER 19, 2022
Global fintech focusing on payments services, Worldline , has recently launched its in-house BNPL service to satisfy the increasing customer demand in the travel sector for BNPL products.
BankInovation
DECEMBER 19, 2022
EvaBank is partnering with credit-decisioning platform Lokyata to help automate and streamline its loan-decisioning processes and give borrowers more access to credit. Terms of the deal were not disclosed. The bank is aiming to shift from manual processes through automation to process loan decisions more efficiently, which will allow for a larger volume of applications, […].
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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.
BankInovation
DECEMBER 19, 2022
Compliance solutions provider Fenergo has hired former Truist executive Tracy Moore as its director of strategy in the Americas. In her new role, Moore will be responsible for the development and execution of Fenergo’s business strategy and go-to-market plan, as well as client relationships and fulfilling its digital transformation objectives, according to a Fenergo release. […].
The Paypers
DECEMBER 19, 2022
Sustainability tech platform Clarity AI has partnered fintech Klarna to offer its data and capabilities to promote to the latter’s shoppers environmentally conscious brands.
BankInovation
DECEMBER 19, 2022
As we approach the 2023 launch of the FedNow service, banks across the U.S. must consider whether they are ready for real-time payments — both technologically and operationally. The 24/7/365 nature of instant payments will likely present new challenges for community banks, but proper preparation will go a long way toward supporting more seamless transition. […].
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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.
The Paypers
DECEMBER 19, 2022
Visa has added another USD 1 million in Sweden-based Buy Now, Pay Later (BNPL) platform Sileon , in addition to the USD 1.7 million financing announced in March 2022.
The Banker
DECEMBER 19, 2022
Although they are making the first steps, Europe’s largest banks are not doing enough to address climate change and nature loss. Philippa Nuttall investigates.
The Paypers
DECEMBER 19, 2022
US-based provider of prepaid card programme Paysign has partnered with EvoShare to offer more rewards and savings opportunities to their clients and cardholders.
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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.
The Paypers
DECEMBER 19, 2022
Open Finance, Open Data, and payments platform Moneyhub has secured a further GBP 15 million in funding from savings and retirement business Phoenix Group.
The Paypers
DECEMBER 19, 2022
Debit as a service platform, Currensea , has been selected for the Mastercard Start Path Open Banking program, a global startup engagement program.
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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.
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