Fri.Jun 04, 2021

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Bitcoin ATMs take center stage

ATM Marketplace

Although bitcoin has taken a hit recently due in part to recent comments from Tesla CEO Elon Musk, the cryptocurrency still shows no sign of disappearing. In fact, bitcoin ATMs are still growing dramatically.

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Temenos inks cloud partnership with Huawei, eyes expansion in China, Asia-Pacific

BankInovation

Bank software provider Temenos is eyeing an expansion into the Chinese market under a deal inked with IT giant Huawei, announced Thursday. Temenos will offer its cloud-native core banking platform on the Huawei public cloud under a new partnership announced at the Huawei Intelligent Finance Summit 2021 held in Shanghai, China. The cloud-native offering, rolled […].

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2 digital banking trends to follow post-pandemic

ATM Marketplace

While physical branches aren't going anywhere anytime soon, in order to suceed in the post-pandemic world, they will need to adjust to two major digital banking trends.

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Weekly Wrap: FDIC’s new chief innovation officer weighs in on AI

BankInovation

In this week’s episode of "The Buzz," Bank Automation News tackles the question of what banks can expect from regulatory agencies when it comes to deploying artificial intelligence (AI) in financial services. AI may offer a competitive advantage for U.S. companies, Sultan Meghji, the FDIC’s new chief innovation officer, told BAN. And while he said […].

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

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Soros Fund-Backed Yieldstreet Raises $100M To Expand Its Alternative Investment Platform

CB Insights

Yieldstreet , a digital platform for alternative investments, has raised $100M in a Series C with participation from Greycroft, Soros Fund Management, Greenspring Associates, and The Raine Group, among others. HOW’S THE COMPANY PERFORMING? Yieldstreet, provides an alternative investment platform across asset classes like marine/shipping, legal finance, real estate, and commercial loans that were previously only open to institutional investors.

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Love and money: What banks can learn from fintechs’ apps for couples

American Banker

Fintech 95
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Rapyd launches its investment arm Rapyd Ventures

The Paypers

Rapyd has announced the launch of Rapyd Ventures, its new investment arm that will focus on investing in early and growth-stage businesses that are delivering the next wave of innovation in financial services.

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Traditional lenders outshined fintechs during pandemic: J.D. Power

American Banker

Fintech 87
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Synctera raises USD 33 mln Series A

The Paypers

Synctera , a new platform for partnership banking at scale, has announced a USD 33 million Series A round led by Fin VC , says the company.

Company 45
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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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Can real-time bill pay bring more consumers to bank sites?

American Banker

Fintech 76
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Middle East Payment Services, Zwipe partner for biometric card payments

The Paypers

Norway-based contactless payments solution provider Zwipe has partnered with Middle East Payment Services to distribute the former’s biometric payment card solution.

Cards 39
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Legacy systems are banks’ Achilles' heel

American Banker

System 72
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Veriff launches new Anti-Money Laundering compliance product

The Paypers

Veriff , a global identity verification provider, has released its new Anti-Money Laundering (AML) compliance product.

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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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California's top financial regulator is stepping down

American Banker

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Virgin Money taps into APIs to bring BPAY to youth market

The Paypers

Virgin Money Australia has unveiled a digital banking platform with reward-heavy products targeting younger Australians – and the BPAY payment option is a key part of the offering.

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reseller

Commercial Lending USA

reseller.

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9Spokes signs three-year contract with Virgin Money UK

The Paypers

9Spokes International has signed a three-year contract with Virgin Money UK to deliver a VMUK instance of the 9Spokes platform comprising Track, Connect and Explore for the bank’s SMB customers, and bank serving products Engage and Monitor.

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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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Discover adds historically Black college to employees’ free-tuition list

American Banker

Cards 55
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ITCS Trade to use iDenfy service for ID verification

The Paypers

ITCS Trade , a Kazakhastan-based fintech, has selected iDenfy to help them with ID verification solutions for new customers signing up for the ITCS Trade trading platform.

Fintech 34
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Fed isn't seeking to make climate policy, Powell says

American Banker

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Austreme gains patent for its Card Testing Fraud Detection technology

The Paypers

Hong Kong-based forensic fintech company Austreme has been granted a patent for its ecommerce card testing fraud detection system.

Fraud 39
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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.

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Jack Dorsey says Square may build a Bitcoin hardware wallet

American Banker

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RBI lets banks do their due diligence for virtual currencies

The Paypers

The Reserve Bank of India (RBI) has notified banks and payment system providers that these are free to carry out their due diligence for customers dealing in virtual currencies.

System 31
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Citi's strategic, regulatory revamps will take years, CEO Fraser says

American Banker

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ICICI Bank, SWIFT offer instant facility for cross-border inward remittances

The Paypers

India-based banking group ICICI Bank has teamed up with SWIFT to offer a facility that helps overseas partner banks to send instant remittances on behalf of their customers to the beneficiary in India.

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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.