Thu.Jul 22, 2021

article thumbnail

Goldman spinoff Simon tops $800 million as WestCap invests

BankInovation

Simon Markets, a financial-technology platform that spun out of Goldman Sachs Group Inc., secured up to $100 million in a financing round led by growth equity firm WestCap. The funding round will enable the New York-based firm, which counts financial advisers as users, to expand into alternatives like private equity and hedge funds, as well […].

article thumbnail

Women in Credit Awards Recognize Two More FICO Leaders

FICO

. Last year I was proud to announce that three of our leaders in EMEA - Louise Lunn , Nicola Pickering and Anat Hoida - had been named finalists in the Women in Credit Awards, sponsored by Credit Strategy. Today I'm delighted to announce that we have two finalists in this year's Women in Credit Awards ! Michelle Beetar , Vice President and Managing Director for Africa, at FICO has been shortlisted for Team Leader of the Year.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tab Bank ramps up digital transformation

BankInovation

Saying that Tab Bank, a fully digital bank headquartered in Ogden, Utah, began as a modest operation, would be an understatement. Established in 1998, the financial institution was started through an affiliation with a truck stop chain, where truckers could go to fax bills of lading documents to the bank for cards used to pay […].

Utah 98
article thumbnail

State Of Fintech Q2’21 Report: Investment & Sector Trends To Watch

CB Insights

Q2’21 marked another banner quarter across deals, funding, exits, and mega-rounds for global fintech. In this report, we dig into what drove this quarter’s $30.8B funding boom and explore trends including embedded insurance, compliance in the age of cryptocurrencies, and emerging corporate card and expense management players. . Report Highlights: Q2’21 was the largest funding quarter on record.

Trends 100
article thumbnail

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

article thumbnail

Customer support in the digital banking world

BankInovation

Global overview Every commonly adopted banking strategy incorporates digital transformation. It’s been like this for a long time, and it’s easy to understand why this is the case. Customers are ready to work in the digital environment to get their needs met more efficiently. They expect banks to think the same way. As a result, […].

More Trending

article thumbnail

This week’s podcast: A close look at the U.S. Supreme Court’s decision in TransUnion v. Ramirez

CFPB Monitor

After reviewing the facts and holding in Ramirez , we discuss how the decision clarifies the concrete harm requirement established by SCOTUS’s Spokeo decision, Ramirez’s implications for class action and individual lawsuits alleging violations of federal consumer financial protection laws, and the potential impact on state court litigation. Chris Willis, Co-Chair of Ballard Spahr’s Consumer Financial Services Group, hosts the conversation, joined by Dan McKenna, Practice Group Leader of the

Groups 78
article thumbnail

Online banking and gaming services hit by internet outage

TheGuardian

HSBC, PlayStation and others affected on Thursday in issue possibly related to Akamai Edge DNS The websites of HSBC, ITV and Waitrose were among those hit by a widespread outage that briefly caused disruption on Thursday afternoon. Major online banking services – including Barclays, TSB, the Bank of Scotland, Tesco Bank and Sainsbury’s Bank – were either entirely or partially inaccessible for a short period.

Online 83
article thumbnail

Zilch secures USD 110 mln in debt and equity

The Paypers

BNPL fintech Zilch has raised an extra USD 110 million in debt and equity three months after it announced its USD 80 million Series B, according to AltFi.

article thumbnail

UK government to sell part of its NatWest stake – business live

TheGuardian

Rolling coverage of the latest economic and financial news UK to trim its NatWest shareholding Shares bought during 2008 bailout of Royal Bank of Scotland UK now owns 54.7% stake in NatWest Only sold at price that “delivers value for money for the taxpayer” Coming up: ECB meeting; UK factory report Supermarkets struggle to stock shelves as ‘pingdemic’ havoc spreads 9.32am BST Consumer goods giant Unilever has warned that soaring costs are hitting its profit margins – and led it to raise its own

Groups 82
article thumbnail

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

article thumbnail

Concardis expands partnership with German ecommerce brand OTTO

The Paypers

Germany-based ecommerce company OTTO has further expanded its collaboration with pay tech provider Concardis , part of the Nets Group.

article thumbnail

Mike Lynch extradition question is a sovereignty issue for UK business | nils pratley

TheGuardian

UK entrepreneur may have to stand trial in US but it’s hard to imagine the same situation in reverse The Mike Lynch affair is not over yet. Priti Patel, the home secretary, has to decide if the extradition of the former Autonomy boss to face 17 counts including wire fraud and securities fraud can go ahead. Assuming she gives a green light, Lynch can request a right to appeal.

Fraud 59
article thumbnail

Klarna reportedly buys Stocard for EUR 113 mln

The Paypers

Sweden-based fintech Klarna acquires Germany-based startup Stocard for more than EUR 100 million, according to startbase.com.

Report 68
article thumbnail

Buy or Sell? Balancing Loan Portfolios in 2021 and Beyond

Jack Henry

Lending 88
article thumbnail

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.

article thumbnail

SAP certifies integration for Novalnet's digital payments add-on

The Paypers

Germany-based payment service provider and SAP technology partner Novalnet has completed the certification of its integration for the SAP Digital Payments add-on.

article thumbnail

Eagle Bancorp in settlement talks with SEC, Fed as CFO faces penalty

American Banker

92
article thumbnail

EU wants to ban anonymous crypto wallets

The Paypers

The European Union has announced wanting to forbid service providers to offer the creation of crypto wallets without the customer's personal data in the future.

Data 44
article thumbnail

Kenya Development Corporations Merged

Bankelele

July 2021 saw the announcement of the conclusion of merger plans for a Kenya Development Bank. In a gazette notice, the Government announced the creation of the Kenya Development Corporation in June 2021, which comprises the Industrial and Commercial Development Corporation (ICDC), the Tourism Finance Corporation (TFC) and IDB Capital (formerly known as the Industrial […].

Capital 36
article thumbnail

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.

article thumbnail

What Currencycloud adds to Visa's diversification push

American Banker

87
article thumbnail

BNP Paribas selects InvestCloud to provide CLM and CRM services

The Paypers

InvestCloud has partnered BNP Paribas to provide Client Relationship Management (CRM) and Client Lifecycle Management (CLM) services for high-net-worth (HNWI) clients.

article thumbnail

Fifth Third closing dozens of branches to help pay for digital upgrades

American Banker

85
article thumbnail

Open Banking Can Build Trust at Multiple Levels with Consumers

The Financial Brand

A turning point in financial data sharing may be coming, which will open up opportunities for both consumers and financial organizations. The post Open Banking Can Build Trust at Multiple Levels with Consumers appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

article thumbnail

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.

article thumbnail

BankUnited looks beyond Florida, New York for growth

American Banker

article thumbnail

Dwolla raises USD 21 mln to innovate B2B payments

The Paypers

Dwolla , a modern payments platform, has raised a USD 21 million venture round led by Foundry Group to drive innovation for today’s B2B payments.

article thumbnail

NCUA tries to meet credit unions halfway on capital rules

American Banker

Meeting 81
article thumbnail

Fly Now Pay Later now available on ChargeAfter platform

The Paypers

Fly Now Pay Later has partnered with ChargeAfter , a network of personalised Buy Now, Pay Later (BNPL) and point-of-sale financing for merchants.

39
article thumbnail

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.