Wed.Nov 17, 2021

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Growth in digital payments: A cross-industry view

Accenture

Digital payments are gaining popularity as cash usage declines around the world. While card payments still dominate in countries where they have a large incumbent advantage, digital products like payment apps, digital wallets, buy now pay later, and account-to-account (A2A) payments are gaining traction. This trend is driven by changing customer behaviors and reimagined customer….

Industry 290
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Temenos launches improved automations and developer support

BankInovation

Core and digital banking provider Temenos on Tuesday unveiled new automations and low-code support for attendees at SCALE, its virtual developer conference. Among the keynote announcements were additional low-code options such as standardized, drag-and-drop integration patterns, microservices, and more support for automated testing. The Geneva-based company also launched Temenos Exchange, which Martin Bailey, director of […].

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Federal Home Loan Bank of Dallas Awards $18.5m for Affordable Housing

Banking Exchange

Subsidies will create or rehabilitate more than 2,100 housing units Community Banking Feature3 Feature Fair Lending Mortgage Credit Mortgage Mortgage/CRE Human Rights Inclusion Diversity.

Dallas 78
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Buffett-backed StoneCo sheds $22B in value since peaking

BankInovation

Brazilian payments firm StoneCo Ltd. plunged the most on record after disappointing results in the third quarter cast further doubt on the company’s recovery. The fintech, which counts Warren Buffett’s Berkshire Hathaway Inc. among its backers, posted an adjusted net income of 132.7 million reais ($24 million) for the quarter, falling short of the average […].

Fintech 98
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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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Financial Institutions Claim Regulatory Compliance Remains a Barrier for Digital Transformation

Banking Exchange

Annual report reveals regulations aimed at digital currencies and securing digital economies Compliance Compliance Management Compliance/Regulatory Digital Technology Financial Trends Feature3 Feature.

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Eleventh Circuit orders en banc rehearing in Hunstein

CFPB Monitor

In a surprising turn of events this morning, the U.S. Court of Appeals for the Eleventh Circuit issued an order sua sponte to rehear Hunstein v. Preferred Collection and Management Services, Inc. en banc. The sua sponte order was issued after an Eleventh Circuit judge requested a poll on whether the case should be reheard en banc and a majority of the active judges voted in favor of the rehearing.

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nCino to acquire mortgage platform SimpleNexus

BankInovation

Cloud banking solutions provider nCino on Tuesday announced plans to acquire SimpleNexus, the developer of a mortgage lending platform used in one in seven mortgage originations in the U.S., in a stock and cash transaction valued at about $1.2 billion. Under the proposal, nCino would acquire SimpleNexus for approximately $240 million in cash and $960 […].

Lending 97
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ABA President Emphasizes Importance of Bank On Certified Accounts

Banking Exchange

Almost half of all US bank branches offer a Bank On-certified account Community Banking Feature3 Feature Bank On Initiative Branch Technology/ATMs.

ATM 78
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Escape the Bank Employee Turnover Tsunami!

The Emmerich Group

How do you protect your bank from the new “I Quit Culture” known as the Great Resignation of 2021? And how do you combat the upcoming exodus caused by headhunters calling your best team members weekly with outrageous offers—promising the moon, including upfront money and significantly higher salaries? The research shows that we’ve never seen. Continue Reading.

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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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Patriot Bank Announces $119m Merger with American Challenger

Banking Exchange

Combined firm will form the largest digital bank in the US Management Feature M&A Feature3 Digital Technology Mobile Online Tech Management.

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I, Cobot: Humans and Machines Team Up to Fight Fraud

FICO

It is a new buzzword for me: cobot, or collaborative robot, “a robot intended for direct human-robot interaction within a shared space.” And I got a few HAL vibes when reading a Harvard Business Review article on cobots that says: “Firms achieve the most significant performance improvements when humans and machines work together. Through such collaborative intelligence, humans and AI actively enhance each other’s complementary strengths: the leadership, teamwork, creativity, and social skills of

Fraud 59
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Pigment Raises $72.5M To Enhance Financial Planning And Forecasting For Startups

CB Insights

Pigment , a business planning platform, has raised $72.5M in a Series B round. The round drew participation from Blossom Capital, FirstMark Capital, and Greenoaks Capital Management. HOW’S THE COMPANY PERFORMING? France-based Pigment is a business planning platform that provides business modeling and forecast templates to marketing, HR, and sales teams.

Capital 63
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Nexo approves USD 100 mln buyback program

The Paypers

Nexo has approved a USD 100 million buyback program, which authorises the company to discretionally repurchase its native NEXO Token in the open market periodically.

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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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Missed Our Digital Marketing Webinar?

Image Works Direct

At image.works, our goal is to not only create eye-catching marketing pieces, but to also provide valuable resources and guidance to help you execute creative and strategic marketing campaigns. In October, we hosted a second digital marketing webinar.

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ACCESS to bolster the digital asset ecosystem

The Paypers

The Association of Cryptocurrency Enterprises and Start-ups, Singapore (ACCESS) has launched the Virtual Assets Payment Group (VAPG), aimed at helping the digital asset ecosystem.

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OCC Nominee Takes Softer Stance on ‘Relationship Banking’ in Prepared Testimony

ABA Community Banking

In prepared testimony submitted ahead of her nomination hearing tomorrow, Saule Omarova, President Biden’s nominee for comptroller of the currency, said her top priority if confirmed “will be to guarantee a fair and competitive market where small and mid-size banks that invest in their neighbors’ homes and small businesses can thrive, and where every community—regardless of wealth, geography, or history—has access to safe and affordable financial services.”.

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Klarna launches 'Pay in 3' in Portugal

The Paypers

Sweden-based BNPL provider Klarna has officially launched in Portugal, offering consumers the ability to pay in instalments through the Klarna app or at checkout at integrated partners.

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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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Inside the effort to open a rare Black-led bank

American Banker

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The Paypers' Fraud Prevention in Ecommerce Report is now available

The Paypers

The Paypers has released its The Fraud Prevention in Ecommerce Report 2021/2022 , the ultimate source of knowledge that reveals best practices into stopping fraud to convert more orders and increase revenue

Fraud 41
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Have fintechs cracked the financial inclusion code?

American Banker

Fintech 92
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Remitter partners with Visa

The Paypers

US-based digital communications platform Remitter has announced its partnership with the Visa Ready fintech enablement certification programme.

Fintech 45
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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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Hari Moorthy brings meditation and new tech to Goldman Sachs

American Banker

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Comviva, Strands partner for Personal Finance Management solutions

The Paypers

India-based mobility solutions company Comviva has teamed up with Spain-based fintech Strands to deliver an integrated suite of digital banking, wallet, and payment solutions.

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SBA chief defends direct-lending proposal

American Banker

Lending 78
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NPCI International teams up with PPRO

The Paypers

NPCI International Payments (NIPL) and PPRO have signed a memorandum of understanding (MOU) to expand and empower international growth of India’s digital payments ecosystem.

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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.