TheGuardian

SEPTEMBER 6, 2021

Barclays and HSBC among banks booking money equivalent to 14% of annual profits in offshore entities Leading European banks are booking around €20bn (£17bn) a year – equivalent to 14% of their total profits – in tax havens, with Barclays, HSBC and NatWest Group among those enjoying the lowest tax rates, according to a new report. The figures emerge from an analysis, conducted by the EU Tax Observatory, of 36 big banks required to publicly report country-by-country data on their activities.

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Taxes Analysis Groups Report 101

The Paypers

SEPTEMBER 6, 2021

New research by ECOMMPAY has found that only 14% of consumers ‘completely understand’ Open Banking, with even fewer businesses grasping how it could help them grow.

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TheGuardian

SEPTEMBER 6, 2021

Companies such as PwC and Goldman Sachs offering extra perks to persuade home workers to return Companies across the UK are offering perks to lure their staff back into the office after nearly 18 months of working from their kitchen tables, ranging from free meals and ice-cream to cash bonuses. The professional services firm PwC’s 22,000 UK workforce are being offered one of the most lucrative incentives, each receiving an extra £1,000 this month, as they switchto a hybrid working environment wh

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Company 89

The Paypers

SEPTEMBER 6, 2021

Reserve Bank of India (RBI) has introduced Sahamati Platform , an account aggregator that doesn’t require KYC for customers who are taking loans, insurance service or investing in mutual funds.

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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

Lending

TheGuardian

SEPTEMBER 6, 2021

People have been carrying them around for centuries, but their days are now numbered. The burning question? Where to keep that old, ever-optimistic condom … Name: The wallet. Age: So the word has been around since the 14th century, but it used to refer to a small sack for carrying provisions. The introduction of paper money to the west in the 1600s led to the development of wallets for the way we use them today.

Cards 79

Cards 79

TheGuardian

SEPTEMBER 6, 2021

ShareAction says lack of plans to tackle climate crisis and biodiversity loss casts doubts on banking’s sustainability pledges Europe’s 25 largest banks are still failing to present comprehensive plans that address both the climate crisis and biodiversity loss, putting their sustainability pledges in doubt, campaigners have warned. While some lenders such as NatWest are demonstrating leadership on specific issues – such as net zero targets and policies restricting financing for new fossil fuel –

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Leadership Policies Groups 73

The Paypers

SEPTEMBER 6, 2021

Netherlands-based neobank Bunq has released an update for its mobile banking app.

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Mobile 60

TheGuardian

SEPTEMBER 6, 2021

Portfolio of alternative asset managers aims to take advantage of boom in private equity market Goldman Sachs is preparing to list a new investment vehicle, Petershill Partners, on the London Stock Exchange in a move that could value the unit at £3.6bn thanks to a boom in the private equity market. Petershill Partners is expected to raise about $750m (£542m) through an initial public offering (IPO) that will give institutional investors such as pension funds a chance to share in the profits of p

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Marketing Management 58

The Paypers

SEPTEMBER 6, 2021

CUBE has partnered with Sionic to accelerate regulatory compliance, by combining CUBE’s AI-powered regulatory data inventory with Sionic’s applied expertise in global financial compliance.

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Compliance Data 43

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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

Report

American Banker

SEPTEMBER 6, 2021

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US 81

The Paypers

SEPTEMBER 6, 2021

Bano , an Australia-based fintech, has partnered with Singapore-based payments platform Nium to expand their digital payment solutions for Australian and international students.

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Payments Fintech 37

The Financial Brand

SEPTEMBER 6, 2021

Using customized digital analytics helps sort through an avalanche of web metrics to guide campaign decisions and justify budgets. The post 4 Ways for Financial Marketers to Extract Meaningful Website Data appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Marketing Data Analytics Banking Trends 31

The Paypers

SEPTEMBER 6, 2021

US-based ecommerce platform SHOP.COM has announced it is currently accepting cryptocurrency payments succeeding in a collaboration with payment provider BitPay.

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Payments cryptocurrency US 37

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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.

Lending

The Financial Brand

SEPTEMBER 6, 2021

What prime opportunities would develop if the mega-online-retailer plops its own department stores on the edge of your market? The post What Will Happen in Banking if Amazon Rolls Out Retail Branches? appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Retail Banking Trends Analysis Trends 29

The Paypers

SEPTEMBER 6, 2021

Poland-based fintech SoftPos has announced a product upgrade for their app, where merchants can accept contactless transactions requiring PIN in multiple European countries.

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Payments Fintech 34

FICO

SEPTEMBER 6, 2021

I recently spoke with FICO’s Adam Davies about c ontextual intelligence , a new approach that banks, other financial institutions and telecommunications companies are embracing to prevent fraud and financial crimes. Contextual intelligence builds on the convergence of fraud and compliance systems , solving the essential question, “What answer, to what question, do I need to know, at what moment in time in the customer journey, to make sure the transaction is legitimate?

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Fraud Compliance Management System 52

The Paypers

SEPTEMBER 6, 2021

The Luxembourg-based payment solution provider Mangopay has launched a solution for B2B trading.

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Payments 48

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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.

US

The Paypers

SEPTEMBER 6, 2021

India-based ICICI Bank has transformed the app, formerly known as ‘iMobile’, into ‘iMobile Pay’, to offer payments and banking services to customers of any bank.

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Payments 31

The Paypers

SEPTEMBER 6, 2021

Mooncard has raised EUR 20 million from two new investors, BlackFin Capital Partners and Partech , alongside its existing investors Aglaé Ventures and RAISE Ventures.

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Capital 31

The Paypers

SEPTEMBER 6, 2021

Cashfree has launched its Banking-as-a-service (BaaS) offering ‘Accounts’ to help neobanks and fintech platforms integrate banking services into their product.

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Fintech 31

The Paypers

SEPTEMBER 6, 2021

Diners Club International has announced an extension to its collaboration with Switzerland-based banking technology provider BPC across Latin America.

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America Technology 31

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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.

Compliance

The Paypers

SEPTEMBER 6, 2021

Morocco-based fintech startup Lacaisse.ma has received funding from investment firm WitaMax to upgrade their digital product for POS management.

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Fintech Management 31

The Paypers

SEPTEMBER 6, 2021

Standard Chartered Bank has launched ‘SC Invest’, an online investment platform, aimed at giving clients an investment ecosystem.

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Online 31

The Paypers

SEPTEMBER 6, 2021

Thailand-based Public Bank group has extended its QR service to support DuitNow QR Cross Border payments between Malaysia and Thailand.

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Groups Payments 31

The Paypers

SEPTEMBER 6, 2021

Trade Ledger has joined forces with ScotPac to create a different experience for business funding.

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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.

Lending