Payments Dive

JULY 27, 2022

Visa’s fiscal third quarter results were buoyed by increased cross-border travel and consumer spending, with no signs of a recession in sight for the largest U.S. card company.

Cards 273

Cards Company 273

Gonzobanker

JULY 27, 2022

Delivering a better customer experience is not the only way for banks to gain a competitive advantage. There’s a concept in the blockchain world called a hard fork, defined as: “A change to a network’s protocol that makes previously invalid blocks and transactions valid, requiring all users to upgrade to the latest version of the protocol software.”.

Strategy 88

Strategy Customer Experience Fintech blockchain 88

Payments Dive

JULY 27, 2022

Higher labor and materials costs are putting pressure on the payment processor's earnings, leading the company to cut its margin expansion target for the year.

Payments 221

Payments Company 221

ABA Community Banking

JULY 27, 2022

The Community Development Financial Institutions Fund is asking for public feedback to refine the criteria it should use to designate “minority lending institutions” as a subset of CDFIs. The post CDFI Fund seeks feedback on criteria for designating ‘minority lending institutions’ appeared first on ABA Banking Journal.

Lending 98

Lending Community Community Bank Policies 98

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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

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CFPB Monitor

JULY 27, 2022

Private education lenders doing business in Illinois now have access to official informational guides and templates for meeting the November 1, 2022, reporting requirements under the state’s new Know Before You Owe Private Education Loan Act (“KBYO”). . Promoted as a means to make borrowers aware of federal student loan options before they turn to private loans, KBYO also seeks to collect and publicize data on private educational lending through an annual reporting obligation imposed on lenders.

Illinois 78

Illinois Report Lending Data 78

BankUnderground

JULY 27, 2022

Jack Worlidge. Purchases of government bonds have been a prominent tool that has helped central banks meet inflation objectives when short-term interest rates have been constrained by their effective lower bounds. But how does QE work? There are a range of channels through which QE can/might operate, though there remains uncertainty over the relative size and importance of these channels.

Marketing 87

Marketing Policies Data Operations 87

TheGuardian

JULY 27, 2022

Banks’ financing of coal, oil, and gas was higher in 2021 than it was in 2016, the year after the Paris agreement was adopted Continue reading.

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Company Industry 92

BankInovation

JULY 27, 2022

Core provider Jack Henry announced a partnership this week with MVB Edge Ventures subsidiary Victor Technologies and MVB Bank to integrate a real-time payments (RTP) solution that improves the bank’s instant payment offerings to its clients. The West Virginia-based MVB Bank is the first Jack Henry customer to launch RTP send and request capabilities on […].

West Virginia 52

West Virginia Technology Virginia Payments 52

TheGuardian

JULY 27, 2022

Thomas Gottstein steps down in latest high-level departure and will be replaced by Ulrich Körner The chief executive of Credit Suisse has resigned after a tumultuous two-year tenure during which the Swiss lender was beset by a string of scandals and financial losses. The bank confirmed on Wednesday that Thomas Gottstein was stepping down and would be replaced by the head of its asset management division, Ulrich Körner, in an a move intended to solidify the bank’s strategic shift away from invest

Management 58

Management 58

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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

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BankInovation

JULY 27, 2022

Visa reached a multiyear agreement with fintech WEX to “enable their travel, health and corporate clients to make payments using Visa virtual card capabilities,” Visa Chief Executive Al Kelly said during Tuesday’s fiscal third-quarter earnings call. In addition, Visa also partnered with credit fintech Fundbox at the end of May to enable new payment capabilities […].

Fintech 52

Fintech Cards Payments 52

ABA Community Banking

JULY 27, 2022

After spending more than a quarter century in de novo commercial banks, Dave Hanrahan made a career move to a mutual savings bank, and he hasn't looked back. The post Podcast: Making the move from a stock bank to a mutual appeared first on ABA Banking Journal.

Community Bank 52

Community Bank Policies Community Capital 52

BankInovation

JULY 27, 2022

Credit unions are looking to personalize their customer experience offerings by leveraging artificial intelligence (AI), particularly as customer expectations have changed in the wake of the COVID-19 pandemic and the mass employee resignations that have followed. Financial institutions have struggled to keep up with customer demand since the pandemic began as branches shuttered and call […].

Customer Experience 52

Customer Experience Metro 52

TheGuardian

JULY 27, 2022

Tweaks suggested by Sunak and Truss will create longer-term problems. The need for a third support package is inescapable In the contest to mouth the words “tax cuts” as often as possible to attract the gaze of Tory party members, Rishi Sunak now says he would remove VAT on energy bills for a year. However much his camp protests otherwise, this is a U-turn of the screeching sort.

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Taxes Groups Industry 50

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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.

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The Paypers

JULY 27, 2022

Monite , a Germany-based embedded finance startup, has partnered with Codat , a universal API for small business data, to integrate accounts payable (AP) and accounts receivable (AR) capabilities into its apps.

Data 36

Data 36

American Banker

JULY 27, 2022

Online 85

Online Digital Banking 85

The Paypers

JULY 27, 2022

Germany-based Airbank has announced a strategic partnership with Klarna Kosma , the BNPL provider’s financial technology platform for banks, fintechs, and innovative retailers to accelerate the growth on the European market.

Financial Technology 36

Financial Technology Innovation Fintech Retail 36

American Banker

JULY 27, 2022

Cards 78

Cards Payments 78

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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.

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The Paypers

JULY 27, 2022

Computer Services, Inc. ( CSI ), a US-based provider of end-to-end fintech and regtech solutions, has partnered with Bankers Helping Bankers to help the organisation’s mission of empowering community banks.

Community Bank 36

Community Bank Community Fintech US 36

American Banker

JULY 27, 2022

Technology 78

Technology 78

The Paypers

JULY 27, 2022

Equifax has agreed to acquire Midigator , a US-based provider of post-transaction fraud mitigation solutions, expanding its global footprint in digital identity and fraud prevention.

Fraud 36

Fraud US 36

American Banker

JULY 27, 2022

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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.

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The Paypers

JULY 27, 2022

US-based crypto player Coinbase has announced it will be supporting a decentralized Ethereum (ETH)-based oracle.

US 51

US 51

American Banker

JULY 27, 2022

Lending 78

Lending 78

The Paypers

JULY 27, 2022

Trusted identity platform Acuant has integrated with ServiceNow , providing customers with seamless online identity verification, KYC, KYB, and AML compliance.

Compliance 36

Compliance Online 36

American Banker

JULY 27, 2022

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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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