Tue.Jan 04, 2022

article thumbnail

Are hidden workers a hidden source of talent for banks?

Accenture

I’m sure you’ve read the headlines about people who retired early, went back to school, made career shifts, or decided to pursue their passion projects full-time over the last year or so. And like me, you probably know people personally whose pandemic experiences pushed them to make such changes. This wave of change has contributed…. The post Are hidden workers a hidden source of talent for banks?

Marketing 335
article thumbnail

How Are Leading Financial Institutions Navigating the Cryptocurrency Market? 4 Highlights From 2021

Perficient

Cryptocurrencies, such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Polkadot, and many more, are taking the investment world by storm. According to CoinGecko, the cryptocurrency market is worth more than $2.35 trillion (as of 01/03/22), and financial institutions, if they haven’t already, are wondering whether they should take a piece of the pie. Although this market seems promising, the potential for big gains does not come without hefty risk.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Top 5 Trends in Fintech and Banking for 2022

Gonzobanker

These fintech and banking trends should be on financial institutions’ radar in the year ahead. This list of top banking and fintech trends for 2022 won’t tell anyone anything they haven’t already heard about. It’s meant to help financial institutions plan for 2022—i.e., what trends should be on their strategic priority list for the coming year. Trend #1: The Great Overdraft Overhaul.

Trends 190
article thumbnail

A Wake-Up Call – The Changing Landscape of Cyber Insurance for Financial Institutions

Jack Henry

An Observation. As the Business Continuity Strategy Manager for the Gladiator TM division of Jack Henry & Associates, I work with many financial institutions (FIs) to develop, test, and execute protocols in the event of an unplanned outage. For the last few years, the focus of most FIs has been on planning and testing incident response plans (IRPs) for cyberattacks.

article thumbnail

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

article thumbnail

Executives share predictions at Self-Service Innovation Summit

ATM Marketplace

Executives at the Self-Service Innovation Summit cited numerous challenges and opportunities ahead but are confident the industry will meet customer needs.

More Trending

article thumbnail

Swedbank ex-chief charged over money laundering scandal

TheGuardian

Birgitte Bonnesen accused of fraud and market manipulation in relation to high-risk transactions in Baltics The former chief executive of Swedbank has been charged with fraud, market manipulation and the unauthorised disclosure of inside information, after an investigation into a large-scale money laundering scandal in the Baltics. Birgitte Bonnesen, who was sacked as chief executive two years ago when the scandal came to light, “repeatedly spread misleading information” that the bank did not ha

Fraud 78
article thumbnail

The business value of microservices

BankInovation

There’s a difference between apps that run on the cloud and those built specifically for it, and financial institutions are building out ways to capitalize on the capabilities offered by the cloud. Legacy apps can run in the cloud. But building an application optimized for software-as-a-service running means deploying “microservices,” Mark Atherton, group vice president […].

article thumbnail

ZEN.COM introduces digital assets transfers solution

The Paypers

Digital money transfer service ZEN.COM powered by Mastercard has introduced digital assets transfers between wallets and exchanges, according to the official press release.

74
article thumbnail

2022 predictions: Core, cloud and banking

BankInovation

Core and cloud providers are set to pour focus and funds into customer-facing innovation in 2022. Last year saw the core and cloud industry extend its influence on business and retail banking, with core providers and banks forming deep partnerships. Regional, niche and major banks alike began investing in core and cloud for a competitive […].

article thumbnail

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

article thumbnail

Paradox Hits $1.5B Valuation For Its Conversational Recruiting Software — Its Competitors In The Recruiting Chatbot Space Include GrayScale, Eightfold.ai, And Mya Systems

CB Insights

Paradox , a provider of conversational recruiting software, has raised $200M in Series C round that drew participation from DLA Piper Venture Fund, Brighton Park Capital, Blue Cloud Ventures, and Workday Ventures, among others. HOW’S THE COMPANY PERFORMING? Arizona-based Paradox automates candidate recruiting, hiring, and onboarding processes.

article thumbnail

5 questions with … Citizens’ Chief Experience Officer Beth Johnson

BankInovation

When Beth Johnson, chief experience officer at Citizens Financial Group, works with her digital and mobile banking teams, she pushes them to think beyond norms — to forget they know which way is up — because that’s how technology innovations happen. And while many tasks the $187.5 billion Citizens is automating target lengthy processes and […].

Groups 98
article thumbnail

Indian Mobile-First Credit Card And BNPL Provider OneCard Raises At A $722M Valuation — It Joins The Competitive Indian Credit Card Space, Competing With Uni, Slice, CRED, And KrazyBee

CB Insights

OneCard , a mobile-first credit card company, has raised $75M in a Series C round that drew participation from QED Investors, Sarv Investments, and Sequoia Capital India, among others. How’s the company performing? India-based OneCard offers a mobile-first credit card for consumers in India. The company enables users to pay for purchases via equated monthly installments (EMIs).

Cards 56
article thumbnail

Jamaica completes first CBDC pilot

The Paypers

The Jamaican central bank has completed the pilot testing of its central bank digital currency, with the participation of only one payment service provider.

article thumbnail

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.

article thumbnail

Bank tech trends to watch in 2022

American Banker

Trends 101
article thumbnail

State Bank of Pakistan unveils licencing and regulatory framework for digital banks

The Paypers

The State Bank of Pakistan (SBP) has unveiled a licencing and regulatory framework for digital banks with an aim to introducing a complete digital bank that will provide all the banking services.

article thumbnail

What's next for First Republic after resignation of CEO-in-waiting?

American Banker

Industry 101
article thumbnail

Boubyan Bank partners with Visa for new Visa Card Enrollment Hub

The Paypers

Islamic bank Boubyan has announced a collaboration with global payments processor Visa to introduce the company’s Card Enrollment Hub (VCEH) service.

Cards 41
article thumbnail

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.

article thumbnail

Amex postpones return to U.S. offices as omicron variant spreads

American Banker

article thumbnail

Cognito partners with Meow for remote onboarding services

The Paypers

US-based Meow has tapped the identity verification services of Cognito for the former’s investment platform for corporate treasuries.

US 41
article thumbnail

Intuit’s Drilling Even Deeper into Small Business Banking

The Financial Brand

Free business checking offered with Green Dot Bank serves as a tie-in for firms using QuickBooks and as part of a 'starter kit' for future subscribers. The post Intuit’s Drilling Even Deeper into Small Business Banking appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

article thumbnail

International Payment Solutions launches solution for false chargebacks

The Paypers

International Payment Solutions (IPS) has delivered a new solution for eliminating deceitful chargebacks by checking all elements before purchases are initiated on credit cards.

article thumbnail

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.

article thumbnail

Visa, Mastercard enlist fintechs to reach Latin America's unbanked

American Banker

America 78
article thumbnail

WeLab unicorn will enter the Indonesian digital banking market

The Paypers

Hong Kong-based fintech unicorn WeLab has announced the launch of a digital bank in Indonesia in 2022, after spending USD 240 million on stakes in Bank Jasa Jakarta.

article thumbnail

Crypto, Build Back Better, M&A: A banker's guide to Congress in 2022

American Banker

article thumbnail

Worldline acquires Axepta Italy, completes partnership with BNL

The Paypers

Worldline has announced the completion of its acquisition of Axepta Italy , the merchant also acquiring entity of BNL in Italy.

36
article thumbnail

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.