Wed.Aug 25, 2021

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As Open Banking gathers momentum, smart banks get ready

Accenture

Today’s steady flow of customer data enables banks, non-banks and fintechs to take advantage of ecosystems and platforms to offer hyper-relevant, personalized products and services. The Open Banking wave is gaining momentum, and banks that try to ride it out using traditional business models risk losing customers and business opportunities. Despite a market that could be worth up….

Fintech 243
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Spend More Time Making Money and Less Time Managing It with Today’s Remote Cash Capture

ATM Marketplace

The continued demand for cash acceptance can trap merchants between a rock and a hard place. Naturally they want to accommodate customers and adhere to regulations. However, this means assuming the considerable costs and risks associated with cash acceptance.

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Financial services businesses charging towards cloud computing technology

Banking Exchange

Increasing use of cloud technology set to transform financial services businesses Technology Outsourcing/Cloud Tech Management Online Feature3 Fintech Feature Financial Trends.

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Crypto market-data network Pyth going live on Solana blockchain

BankInovation

Real-time market data provider Pyth Network is going live on one of the fastest growing crypto blockchains, which will allow developers to integrate its feeds across decentralized finance platforms and applications. Pyth will run on the so-called mainnet of Solana, a proof-of-stake network that’s billed as being capable of matching the transaction speeds of the […].

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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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Plans to Expand Credit Union Authority Criticized by ABA

Banking Exchange

The association objected a bill proposed with the intention to increase credit union memberships Community Banking Consumer Compliance Consumer Credit Feature Feature3 Diversity.

More Trending

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Mosquito State review – a torrid, original tone poem to late capitalism

TheGuardian

Swarms of bloodsucking insects mirror the volatility of the markets in this thrilling drama of financial crisis This highly original, visually torrid take on Wall Street and last decade’s global financial crisis celebrates the true masters of the universe: mosquitoes. Richard Boca (Beau Knapp), head analyst for investment firm Abbott Werner, is a gauche social misfit tolerated because he developed the algorithms that keep the company ahead.

Capital 91
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Encore Bank partners with fintech to embed compliance in treasury agreements

BankInovation

Encore Bank is working with fintech Compliance Systems to develop electronic treasury agreements that will embed compliance into bank documents. The $1.1 billion Little Rock, Ark.-based private commercial bank already works with the vendor to embed compliance into its current loan and deposit account opening processes, said Chief Operations Officer Erin Simpson.

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Backbase partners with eToro

The Paypers

Engagement Banking fintech Backbase has partnered with multi-asset investment platform eToro to enhance eToro’s digital onboarding capabilities and back-end compliance infrastructure.

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Truist Announces New Executive Leadership Structure

Banking Exchange

Truist reveals senior leadership roles including CEO and CFO, following merger Management Feature Feature3 M&A Human Resources.

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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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Affärsänglarna selects Open Banking APIs from to Nordigen democratise startup investment

The Paypers

Business angels network Affärsänglarna has teamed up with European Open Banking company Nordigen to connect with investors through the company’s free European Open Banking API.

Company 83
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This SoftBank Group-Backed Nigerian Mobile Payments Service Provider Raised $400M To Expand Into New Markets

CB Insights

OPay , a fintech startup, has raised $400M in a Series C with participation from SoftBank Group, Source Code Capital, Sequoia Capital China, and 3W Partners, among others. How’s the company performing? Nigeria-based OPay helps underbanked and unbanked Nigerian users make financial transactions through a network of agents. The company has more than 300,000 agents and over 5M users in Nigeria.

Groups 67
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Debunking the Top-3 Pooled Model Myths

FICO

In my previous blog post , we explored how using pooled models can help you say “yes” to more good credit applicants. In this final blog in my series, let’s explore how can lenders take advantage of advanced modeling technology to cost-effectively originate profitable, compliant decisions that protect your bottom line AND deliver an optimized customer experience to the best customers.

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This Pioneer Fund-Backed Provider of Accounting Software For Startups Raised $4.2M To Boost Collaboration

CB Insights

Pry Financials, a financial planning platform, has raised $4.2M in a seed round. The round drew participation from Global Founders Capital, Liquid 2 Ventures, and Pioneer Fund, among others. HOW’S THE COMPANY PERFORMING? San Francisco-based Pry Financials primarily caters to startups and small businesses. The company’s software provides users with customizable financial dashboards.

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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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SUNRATE, Trustana to provide settlement services in APAC

The Paypers

Asia-based B2B digital payments platform SUNRATE has partnered with B2B trade platform Trustana to provide settlement services for Asia Pacific’s food trade industry.

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Employee Spotlight: Logan Postweiler

Image Works Direct

In our endless quest to deliver quality and effective marketing content to our clients, image.works trusts our dedicated sales staff. While the creative team brings the vision to life in the end, our national account managers, like Logan, are essential in the initial creation and planning of our clients’ campaigns.

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Shopify and TikTok team up to let users shop directly from the social media app

The Paypers

Shopify , a Canada-based ecommerce company, has announced it is tapping TikTok to develop a feature that allows users to shop without exiting the social media platform.

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Tech vendors endorse Fed's caution on central bank digital currency

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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Chargeback rate has increased since March 2020, Kount survey shows

The Paypers

US-based digital trust and fraud prevention company Kount has published the ‘Digital Payments in 2021: Opportunities and Chargeback Risks’ survey.

Survey 57
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What Consumers Actually Want From Their Bank’s Mobile App

The Financial Brand

Just about every financial institution has a mobile app. However, if your app is missing these features and functions, it's falling short. The post What Consumers Actually Want From Their Bank’s Mobile App appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Mobile 43
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GoDaddy launches GoDaddy Invoicing and Payments

The Paypers

GoDaddy has announced GoDaddy Invoicing and Payments, a new feature in the Hub by GoDaddy Pro which enables invoicing processing solutions for web designers and developers through a simple integrated user interface, according to ffnews.com.

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Fintechs can help narrow racial gaps: San Francisco Fed president

American Banker

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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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Adyen, Shiji Payments partner to streamline hospitality payments

The Paypers

Netherlands-based payments platform Adyen has launched an integration with China-based Shiji Payments to boost payments for the hospitality industry.

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What’s driving the boom in auto refinancing

American Banker

Lending 74
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CryptoXpress updates its crypto and banking digital service for consumers

The Paypers

CryptoXpress , a company providing digital solution for next-generation crypto and banking services, has announced an update on its launch plans.

Company 45
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The Best Credit Unions to Work For, 2021

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.