Tue.Oct 26, 2021

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Reviewing Bitcoin Depot ATMs

ATM Marketplace

In the next entry on our series on Bitcoin ATMs, we will review Bitcoin Depot's Bitcoin ATM, which can be found at Circle K locations in the U.S.

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Bankers Are Navigating a Brave New World with Mergers and ESG

Gonzobanker

Embedding ESG into a merger playbook is a strategic move worthy of banks’ consideration. Bankers typically aren’t the segment of society that gets a lot of sympathy. First responders, military personnel, and even TikTok influencers can pull at the heartstrings, but bankers? Nah! However, pull out a Kleenex because one must admit that bankers are surrounded on all fronts right now from a strategic standpoint.

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Challenges to monetary policy: lessons from Medieval Europe

BankUnderground

Nathan Sussman. The Bank of England co-organised a ‘ History and Policy Making Conference ‘ in late 2020. This guest post by Nathan Sussman, Professor of International Economics at the Graduate Institute of Geneva, is based on material included in his conference presentation. The monetary system is going through significant changes: the rise of cryptocurrencies, negative interest rates, and the decline in the role of traditional banks as intermediaries.

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Want to build loyalty and reduce customer churn? Start with a seamless customer Experience

BankInovation

Long gone are the days of free toasters for opening an account. Or promoting online banking as a unique offering. Today, banks differentiate themselves on customer service, which in our digital-first world now means OnScreen customer experiences. Digital Customer Service (DCS) has become a strategic priority for banks seeking to deliver positive customer experiences, build […].

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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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State Of Fintech Q3’21 Report

CB Insights

Following a record-breaking Q2, global fintech private market deal activity remained elevated in Q3’21. . In our State of Fintech Q3’21 Report, we dive into global investment trends to spotlight takeaways including: . The second-highest quarter on record for fintech financing, up 147% YoY. Top equity deals of the quarter, including 3 of the top 5 raised outside the US.

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More Trending

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Banking Transformation Starts with Process Intelligence

Banking Exchange

The lines between banks and banking are blurring more and more The Economy Technology Financial Trends Retail Banking Feature3 Fintech Financial Research Feature Lines of Business Digital Mobile Online.

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How to solve the electronic payments challenge with automation

BankInovation

By eliminating manual tasks, streamlining processes and optimizing data, receivables automation has the potential to reduce costs, facilitate better forecasting and improve cash flows. While automation has helped payers thrive, multiple electronic payment types and decoupled remittance data have made payment reconciliation difficult and time-consuming for account receivables departments.

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Insider Fraud: Work From Home Changes Data Leakage Prevention Paradigm

Banking Exchange

Financial institutions and the businesses they serve need to add an additional layer of technology and step up their strategy Risk Management Technology Duties Human Resources Feature Feature3 Cybersecurity People Cyberfraud/ID Theft Security Tech Management Outsourcing/Cloud Mobile Online Operational Risk Covid19.

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SoftBank leads $75 million investment at Thiel-backed company

BankInovation

Pipefy, a workflow-management software platform backed by Paypal Holdings Inc. co-founder Peter Thiel, received a $75 million investment in a round lead by SoftBank Group Corp.’s Latin America Fund II. SoftBank contributed $50 million in the deal, Pipefy said in a statement. Steadfast Capital Management, Insight Partners, Redpoint Eventures, 500 Startups, ONEVC, Atman Capital, FundersClub […].

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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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Does My Business Suit Still Fit? A Return to In-Person Industry Events and What It Means for Your Public Relations Strategy

William Mills

Much has changed in the world of business over the past 18 months and perhaps no particular sector of American business has been impacted as much as conferences and special events. What once were mainstays upon which budgets were set and the annual corporate calendar revolved, the financial services industry – like most others – saw an almost exclusive shift to virtual hosting of conferences, user group meetings, association events, etc.

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Cryptocurrency Exchange Platform FTX Raises $420.7M At A $25B Valuation

CB Insights

FTX , a cryptocurrency exchange platform, has raised $420.7M in an extended Series B. The round drew participation from Sea Capital, Tiger Global Management, Sequoia Capital, Temasek, and BlackRock, among others. How’s the company performing? Bahamian-based FTX offers tokenized stocks, leveraged tokens, prediction markets, derivatives, options and volatility products, and other related products.

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5 Ways Credit Unions Can Be More Resilient with AI and Analytics

FICO

5 Ways Credit Unions Can Be More Resilient with AI and Analytics. Joe Zeibert. Tue, 10/26/2021 - 10:24. Credit unions are sitting on a lot of risk right now. As federal stimulus programs are ending, delinquencies and charge-offs are expected to rise in the months ahead. This COVID pandemic aftershock is about to hit the financial services industry, which means that credit unions need to pay close attention to their capital, asset quality, earnings, and liquidity.

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The TL;DR Live: State Of Fintech

CB Insights

The post The TL;DR Live: State Of Fintech appeared first on CB Insights Research.

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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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Ripple, Pyypl debut service in Middle East

The Paypers

Enterprise blockchain and crypto solutions for cross-border payments provider Ripple has launched RippleNet’s On-Demand Liquidity (ODL) deployment in the Middle East, together with Pyypl.

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Mobile banking startup notches key win in suit brought by East West Bank

American Banker

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Sparkassen launch instant credit at the POS via app

The Paypers

Germany-based saving banks Sparkassen have announced enabling customers to use express credit from the ‘Mobile Payments’ app at the POS and later pay them off in instalments.

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The Most Popular Digital-Only Banks in the World

The Financial Brand

With new data, financial institutions — both digital and traditional — can see which neobanks can claim to be on top in 66 countries. The post The Most Popular Digital-Only Banks in the World appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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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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Singular Bank takes over private banking unit of UBS in Spain

The Paypers

Spain-based Singular Bank has announced it will take over the private banking unit of the Switzerland-based bank UBS in Spain.

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What Klarna gains in Stripe deal and what banks stand to lose

American Banker

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Currencycloud, bunq to provide users with multi-currency accounts

The Paypers

Netherlands-based digital challenger bank bunq has partnered with Currencycloud to deliver an international bank account for the post-pandemic era.

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6 venture funds connecting banks and credit unions with fintechs

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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Huawei, Snoop to provide money management tools in AppGallery

The Paypers

Huawei and Snoop have partnered to allow AppGallery users in the UK to access and manage their personal finances across different banks.

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CFPB’s new leader is putting big tech on notice

American Banker

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Mastercard and Bakkt partner to offer crypto and loyalty solutions

The Paypers

Mastercard has partnered with US-based digital asset marketplace Bakkt to make it easier for merchants, banks, and fintechs in the US to offer cryptocurrency solutions and services.

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Two small banks aim to turbocharge growth by serving fintechs

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.