Accenture
NOVEMBER 3, 2021
Sibos 2021, one of the world’s largest financial services conferences, was once again all digital this year. Held from October 11-14, it saw over 19,000 delegates gather to address the biggest emerging issues across the financial ecosystem. The theme this year was “Recharging Global Finance.” In light of the significant changes in payments in recent….
Abrigo
NOVEMBER 3, 2021
FinCEN provides guidance on Cyber Fraud What can financial institutions do to prevent and detect cyber fraud? You might also like this blog on FinCEN's AML/CTF priorities on cyber fraud. Read. Takeaway 1 With the rise in work from home, cyber criminals have targeted remote networks and have found them easier to infiltrate. . Takeaway 2 Illicit actors are teaming up to pull off greater and more detailed fraud schemes to go for larger payoffs, including double extortion. .
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BankInovation
NOVEMBER 3, 2021
Argentine financial services startup Ualá has reached an agreement to buy Mexican bank ABC Capital SA, as part of its bid to keep growing abroad. Ualá, which was valued at $2.5 billion in its latest financing round, will acquire 100% of Monterrey-based ABC Capital, according to its founder and chief executive officer Pierpaolo Barbieri. As […].
Gonzobanker
NOVEMBER 3, 2021
To meanin gfully solve the credit invisibility challenge, fintech companies need to enable banks and other fintech companies to change the constraints of the problem. Credit is an essential tool for building financial health and resiliency. The problem with using an individual’s credit rating as a metric for financial trustworthiness is that the on-ramps to establishing credit are deeply flawed.
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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
BankInovation
NOVEMBER 3, 2021
Core and digital banking provider Temenos is seeing a surge of interest in new cores from financial institutions looking to retool for digital. The evidence is in the recent increase in core banking sales cycles, Jacqueline White, president of the Americas at Temenos, told Bank Automation News. The Geneva-based Temenos is currently engaged in about […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankInovation
NOVEMBER 3, 2021
With new research finding racial disparities in small business lending, one fintech is examining how artificial intelligence (AI) and automation can help improve fairness and reduce inefficiency that may be present in traditional lending processes. Bank Automation News spoke with Sandip Nayak, chief strategy and artificial intelligence officer at Linear Financial Technologies, a digital account origination platform used primarily for small and midsize business (SMB) programs.
CFPB Monitor
NOVEMBER 3, 2021
On October 22, the Federal Trade Commission (“FTC”) issued a policy statement providing further guidance on its enforcement of federal law with regard to negative option marketing. The FTC noted in an associated press release that they are “ramping up” enforcement efforts against companies that “trap consumers into subscriptions.” The policy statement is intended to “put companies on notice that they will face legal action if their sign-up process fails to provide clear, up-front information, o
CB Insights
NOVEMBER 3, 2021
Financial institutions are clamoring to capitalize on the prospect of a quantum future. Quantum computers process information in a fundamentally different way than today’s conventional computers. This allows them to conduct new types of calculations that otherwise wouldn’t be possible. In theory, quantum-forward banks could build trading strategies that offer better returns, quickly parse through different portfolio combinations to find the best mix of investments, and supercharge ri
The Paypers
NOVEMBER 3, 2021
US-based BlueSnap , a payment company helping businesses accept payments in 200+ geographies, has announced its partnership with Gaviti , a player in automated accounts receivable collections.
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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
CB Insights
NOVEMBER 3, 2021
When I Work , a job scheduling and timesheet platform for shift-based workers, has raised $200M in private equity funding from Arthur Ventures and Bain Capital. HOW’S THE COMPANY PERFORMING? Minneapolis-based When I Work provides employee scheduling, attendance, and communications services. The company also offers ancillary services like payroll management, staffing reports, and analytics.
The Paypers
NOVEMBER 3, 2021
Hungary-based fraud prevention company SEON has announced that its fraud detection and prevention app, powered by AI and machine learning, is now available for Shopify ’s merchants.
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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.
The Paypers
NOVEMBER 3, 2021
US-based platform for legal, compliance, and tax solutions LegalZoom has partnered with Square to offer POS payment software and operation management tools to US small business owners.
The Banker
NOVEMBER 3, 2021
A renewed interest in antitrust could mean greater scrutiny ahead of mergers – including banking consolidation – and even the prospect of curbs on US tech giants.
The Paypers
NOVEMBER 3, 2021
Singapore FinTech Festival (SFF) and Smartkarma have partnered to combine SFF’s global knowledge platform with Smartkarma’s research capabilities.
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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.
The Financial Brand
NOVEMBER 3, 2021
Too many financial institutions fly blind when they try to improve the digital experience. Focused research produces key insights. The post 5 CX Best Practices that Digital Banking Expansion Demands appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
American Banker
NOVEMBER 3, 2021
The Banker
NOVEMBER 3, 2021
Forrester’s annual predictions report forecasts an array of new digital offerings next year and that regulators will get tough on ESG classifications.
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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.
The Banker
NOVEMBER 3, 2021
UK financial watchdog has shown it will use criminal rather than just civil regulatory powers to go after a bank that has fallen short on compliance.
The Financial Brand
NOVEMBER 3, 2021
Independent contractors represent a fast-growing market, and millions of them need bank accounts. The right digital features are key. The post The 68 Million Consumers Financial Institutions Are Overlooking appeared first on The Financial Brand - Banking Trends, Analysis & Insights.
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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.
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