Tue.Sep 14, 2021

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Bank Customer Experience panel addresses finding the balance of tech and touch

ATM Marketplace

Banks often have issues finding the right mixture of both technology and the human touch to reach customers. A panel at the Bank Customer Experience Summit addressed how banks can find the right combination of high tech and the human touch by using lessons from both Hollywood and Truist.

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ESG: The devil in the data

BankInovation

Banks looking to custom build their own environmental, social and corporate governance (ESG) solutions must determine which data sets to use as they build out their ESG platforms. A wide range of datasets exists that measure ESG both broadly and minutely — so choosing the right dataset makes a difference. Global IT research consultants the […].

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Federal Reserve publishes paper on bank/fintech partnerships

CFPB Monitor

Last week, the Federal Reserve Board published a paper on partnerships between community banks and fintech companies, “Community Bank Access to Innovation through Partnerships.” The Fed’s publication of the paper is another indication of the increased attention that regulators are paying to bank relationships with fintechs. It follows the publication at the end of last month of a guide by the Fed, OCC, and FDIC that is intended to assist community banks in conducting due diligence when conside

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Oracle expands its banking footprint with ERP cloud-based solution

BankInovation

The Oracle Corporation’s cloud-based enterprise resource planning (ERP) consolidating ledger has been implemented by Bank of America across 33 countries as the software company continues its focus on the banking vertical. The $3.02 trillion Bank of America can now view liabilities and assets in one platform rather than 33 individual platforms, Vinod Jain, capital markets […].

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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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Fintech Funding Trends In Europe

CB Insights

In 2021 so far, fintech companies in Europe have already eclipsed 2020’s full-year funding totals. Our Europe-based fintech funding update digs into the deals driving funding activity across the continent and looks at key trends across sectors including payments, banking, insurance, services for small- and medium-sized businesses (SMBs), and more. get the full report.

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Inside Marketing: Are Neobanks Stealing Credit Unions’ Thunder?

William Mills

Increased and high-quality competition on the digital banking front is now targeting specialized consumer bases. For decades, credit unions have set themselves apart from their bank competitors through focusing on superior levels of service to their membership, driven in large part by hyper-specialization in serving a particular professional, demographic or geographic membership base.

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Fraud Protection for P2P Payments at Point of Sale

FICO

As the world continues to move through COVID, every day can hold a surprise. A few weeks ago US economists were surprised when the Commerce Department reported that retail sales rose by 0.6% in June 2021 — up 18% compared to June last year and now 18% above their pre-pandemic level. As consumers flock back to stores , some may be surprised and delighted to learn that they can use popular person-to-person (P2P) payment apps like Venmo and PayPal at the cash register.

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Fraugster partners with eClear to tackle AML risk for VAT service

The Paypers

Fraugster , a Germany-based payment security company, has partnered with VAT service provider eClear to offer customers access to regulatory requirements and mitigate AML risks for VAT services.

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Fintech's loan servicing niche catches eye of Canapi, other VCs

American Banker

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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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PayNow to link with India's UPI for low-cost instant fund transfers

The Paypers

The Monetary Authority of Singapore (MAS) and the Reserve Bank of India have announced plans to link Singapore's PayNow system with India's UPI real-time payment system.

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What the $3.5 trillion budget package could mean for banks

American Banker

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The ‘Primary Financial Institution’ Concept Is Dead… Now What?

The Financial Brand

Fragmented relationships are the new reality. The highly digital yet personal strategy of one community institution points a way forward. The post The ‘Primary Financial Institution’ Concept Is Dead… Now What? appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Climate change ‘will take all of our focus,’ Hancock Whitney CEO says

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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Arvato Financial Solutions adds viacash as payment method in Switzerland

The Paypers

Arvato Financial Solutions , a Germany-based fintech, has teamed up with payment service provider Mi-Pay to facilitate the introduction of viacash as a payment method for outstanding payments in Switzerland.

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Microsoft backs startup that helps fight fake online images

American Banker

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Ant Group to separate its lending business

The Paypers

China-based Ant Group has reorganised its businesses to comply with the Chinese central bank’s instructions to sever its Alipay payments service from other services that offer consumer loans.

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With crypto platform ‘built and ready,’ PNC waits on its regulators

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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Fireblocks continues DACH expansion with new Swiss office

The Paypers

Fireblocks has announced that it will be expand its presence and growth in the DACH market with the opening of a new office headquartered in Switzerland.

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Marketers Don’t Know About the ‘Dark Funnel’ (And That’s a Problem)

The Financial Brand

Financial marketers try to measure every interaction, but there are things they don’t see and can't track. Learn the pitfalls and remedies. The post Marketers Don’t Know About the ‘Dark Funnel’ (And That’s a Problem) appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Bolt integrates with Concur Expense

The Paypers

Bolt , an Estonia-based mobility company, has announced the integration of the Concur Expense solution to help companies centralise, track, and manage their transportation.

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How PenFed Generates Real ROI With Social Media

The Financial Brand

Splitting social outreach from marketing was step one. The second was hiring media professionals who know how to tell a story — every day. The post How PenFed Generates Real ROI With Social Media appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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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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2C2P partners with Atome

The Paypers

2C2P , a Singapore-based payments platform, has partnered with payment service provider Atome to facilitate Buy Now, Pay Later acceptance across Southeast Asia.

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Land Rover Defender 90 launch in Nairobi

Bankelele

Inchcape Kenya, the official distributor of Land Rover, Jaguar and BMW has launched the Land Rover Defender 90 to the Kenyan market. The Land Rover brand is synonymous with Africa and safaris and has found a variety of uses in homes, companies and governments where it is known for handling rough terrain, offering comfort, and […].

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Mastercard SpendingPulse anticipates US holiday retail sales to grow 7.4% in 2021

The Paypers

Mastercard has announced that consumers are expected to spend online at higher rates than last year as sales are anticipated to grow in the upcoming holidays.

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Wyoming and Nebraska credit unions to merge

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.