Tue.Jun 22, 2021

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Robots Transforming Branch Experience

ATM Marketplace

Banks from across the world are beginning to use robots for tasks ranging from counting money to handling customer requests. These robots are not only simplifying tasks, they are also transforming the branch experience

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New £50 note featuring Alan Turing goes into circulation

TheGuardian

Note honouring mathematician, computer pioneer and codebreaker contains advanced security features The new £50 note goes into circulation on Wednesday – but with consumers increasingly going cashless, for millions of people it may be months or even years before they see or touch one. It’s been around for 40 years, but the £50 note doesn’t have a great image: there is a perception that aside from some overseas tourists, the only people who use them are criminals, tradespeople looking to evade tax

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The Federal Reserve's Triple Mandate

SWBC's LenderHub

“These things gotta happen every five years or so, ten years. Helps to get rid of the bad blood. Been ten years since the last one.” - Pete Clemenza, “Capo” Corleone Family.

Capital 78
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Loan process automation fintech Blend headed for IPO

BankInovation

Banking process automation fintech Blend Labs experienced 90% year-over-year growth to $96.0 million in 2020 from $50.7 million in 2019, while losses decreased, the company’s Monday S-1 filing revealed. The filing comes ahead of Blend’s proposed public listing on the New York Stock Exchange with the ticker symbol BLND. During the same period, the company […].

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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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The Price Walking Dead: FCA Reforms Don’t Need to Be Deadly

FICO

OK, it’s a tenuous link to zombie series The Walking Dead , but so-called “price walking” may become the stuff of folklore as new FCA rules are due to kick in and remove the practice from the UK general insurance market. Anyone in the UK who has taken out General Insurance policies knows the drill pretty well by now. You use comparison sites or brokers to compare a range of policies, navigate through a load of data capture and finally click through to purchase a level of cover at a price that gr

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Investors see the UK as the most attractive European location, EY study

The Paypers

The UK continues to be Europe’s most attractive location for international investment into financial services, according to EY ’s latest UK Attractiveness Survey for Financial Services, attracting 56 projects in 2020.

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DST Global-Backed Splash Financial Raises $44M To Expand Its Digital Lender Network

CB Insights

Splash Financial , a digital lending fintech platform, has raised $44.3M in a Series B that drew participation from DST Global, Citi Ventures, Detroit Venture Partners, and Firebolt Ventures, among others. HOW’S THE COMPANY PERFORMING? Ohio-based Splash Financial is a student loan refinancing marketplace offering loans from banks, credit unions, and other lenders.

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AlipayHK to distribute USD 128 million worth of discount e-coupons

The Paypers

As the Hong Kong Government has released details of its Consumption Voucher Scheme starting from July 2021, AlipayHK has announced it will distribute e-coupons through its affiliated merchants.

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K1 Capital-Backed Eltropy Raises $21M To Expand Its Communications Suite

CB Insights

Eltropy , a messaging platform for financial institutions, has raised $21M in a Series A that drew participation from K1 Capital, among other investors. How’s the company performing? California-based Eltropy enables financial institutions like credit unions and banks to engage digitally through its platform. The company integrates with IT systems like Symitar and Ellie Mae, using analytics to provide engagement insights.

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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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TrueLayer launches Verification API

The Paypers

Open Banking platform TrueLayer has launched a new approach to account ownership checks with its Verification API.

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More than prepaid: Payoneer broadens its sales pitch ahead of IPO

American Banker

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Nuvei, Discover Global Network partner to increase ecommerce acceptance

The Paypers

Canada-based payments processing company Nuvei and Discover Global Network have announced a partnership to enhance borderless ecommerce opportunities for merchants and cardholders.

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P2P payments surged during pandemic. So did the complaints about them.

American Banker

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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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Mastercard, Zamtel partner to enable digital payments on the Mastercard network

The Paypers

Mastercard and Zamtel have announced a strategic partnership that will enable Zamtel Mobile Money customers to make digital payments on the Mastercard network.

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Basel's crypto capital plan could boost banks' interest in stablecoins

American Banker

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SnapSwap selects Banking Circle to boost its payment processing

The Paypers

SnapSwap , a provider of digital transformation solutions for financial services & businesses, has selected Banking Circle to deliver payments for its customers.

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Small bank's major feat: Building digital account opening in-house

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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BlueSnap to improve digital payments in post-pandemic education

The Paypers

B2B and B2C payment platform BlueSnap has partnered with education software providers to improve digital payments in education.

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Blockchain is untapped resource for banks, MIT professor says

American Banker

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Judopay, MedPoint partner to enable socially-distanced payment and collection of prescriptions

The Paypers

Judopay has partnered with MedPoint , an automated prescription collection system, to enable a safe, quick, and secure method for patients to purchase and collect their prescriptions.

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Nicolet Bankshares acquiring rival Wisconsin bank for $219 million

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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Billhop and ICS partner to improve working capital for Dutch SMEs

The Paypers

Sweden-based payments processor Billhop has teamed with ABN AMRO subsidiary ICS to allow the latter’s Dutch commercial cardholders access to Billhop’s service at a preferential rate.

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3 Marketing Strategies Banks & Credit Unions Can Lift From Neobanks

The Financial Brand

You don't have to be an agile start-up to put these challenger bank approaches to use. The key is in the execution, which must be consistent. The post 3 Marketing Strategies Banks & Credit Unions Can Lift From Neobanks appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Worldline, Cendyn partner to include digital payment solutions in automated guest communications

The Paypers

Worldline has announced a collaboration with Cendyn , a US-based cloud software provider for the hospitality industry, to include digital payment solutions in automated guest communications.

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Arkansas CDFI channeling funds from Square into apps for underbanked

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.