Tue.Nov 09, 2021

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Dead Man's Curve

SWBC's LenderHub

Dead Man's Curve, it's no place to play Dead Man's Curve, you best keep away Dead Man's Curve, I can hear 'em say Won't come back from Dead Man's Curve – Jan & Dean.

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Kraken Security uncovers Bitcoin ATM security vulnerabilities

ATM Marketplace

Bitcoin ATMs are becoming a more common sight across the U.S., as many convenience stores and gas stations have begun deploying them. At the same time, there are also security concerns with Bitcoin ATMs. Kraken Security Labs recently uncovered a number of vulnerabilities with a Bitcoin ATM.

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How to keep a data lake from becoming a swamp

BankInovation

Creating a central repository of data, or a "data lake," can enhance bank systems' interoperability and data utilization, but the practice can also backfire with the wrong approach and become a detriment. That's the message from Michael Hom, head of financial services solutions at database systems provider InterSystems, whose customers include $407.5 billion Bank of […].

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Did the Covid-19 local lockdowns reduce business activity in the UK?

BankUnderground

James Hurley and Danny Walker. In 2020 governments around the world responded to Covid-19 (Covid) by introducing lockdown measures that were designed to slow the spread of the virus. Business activity fell materially. But it is difficult to isolate the impact of the local lockdown measures on business activity, given that business activity was affected by other factors such as voluntary social distancing at the same time.

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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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Blend partners with Ocrolus to automate mortgage lending

BankInovation

Cloud banking platform Blend is partnering with document automation company Ocrolus to accelerate the digital mortgage lending process, particularly loan originations. Blend will embed Ocrolus’ Human-in-the-Loop (HITL) document analysis solution with its mortgage lending platform, leveraging the application programming interface (API)-based document automation, David Snitkof, vice president of analytics at Ocrolus, told Bank Automation News […].

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BMO’s cloud-first strategy reduced costs by 30%

BankInovation

Five years ago, BMO launched a cloud-first strategy that today is leading to more IT automation with an annual cost savings of 30% for its transportation finance group. A key part of that strategy involves looking at how to automate, Lawrence Wan, chief architect and innovation officer at BMO Financial Group, told Bank Automation News. […].

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Rapyd upgrades its Disburse and Collect Platforms

The Paypers

Rapyd , a global Fintech as a Service company, has announced new additions to its Disburse and Collect Platforms, delivering end-to-end infrastructure for B2B firms.

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Digital currencies likely to be legal tender, central banks say

BankInovation

Digital currencies planned by major central banks will probably become legal tender in their jurisdictions, according to officials studying such initiatives. That outcome is “likely” in the euro area, European Central Bank Executive Board member Fabio Panetta told a panel Tuesday in Helsinki on central bank digital currencies, or CBDCs. Addressing the same event, Russian […].

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Bringing New Ideas to the Table: How to Efficiently Brainstorm

William Mills

Productive brainstorming is key to cultivating fresh concepts and new content for a public relations program. When done proactively, it can fuel the PR pipeline throughout the year. It’s important to remember that brainstorming sessions can easily miss the mark without the proper direction. As a result, these meetings can fail to generate solid and innovative strategies, plans or actions.

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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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Laika, A Compliance And Security Audit Platform For Software Companies, Raises $35M In JPMorgan-Led Series B Round

CB Insights

Laika , a compliance and security audit platform for software companies, has raised $35M in a Series B. The round drew participation from Bain Capital Ventures, Canapi Ventures, JPMorgan & Co., and PayPal Ventures, among others. HOW’S THE COMPANY PERFORMING? New York-based Laika helps businesses obtain audits and security certifications as well as remain compliant with regulations.

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MAS and industry to support green finance

The Paypers

The Monetary Authority of Singapore (MAS) has partnered the industry to pilot four digital platforms under Project Greenprint, to address the financial sector’s needs for good data on sustainability.

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Amazon to accept PayPal's Venmo

American Banker

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Qatar Islamic Bank launches video banking

The Paypers

Qatar Islamic Bank (QIB) has announced the launch of a video banking service through its QIB Mobile App.

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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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The developing art of measuring ESG performance

The Banker

Across the public and private markets, significant efforts are underway to crack the complex and multifaceted challenge of quantifying companies’ environmental, social and governance performance.

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Nuvei integrates Faster Payments and Instant and Regular SEPA

The Paypers

Nuvei , a Canada-based payment service provider, has augmented its payment capabilities with Faster Payments in the UK and Instant and Regular SEPA in Europe.

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QCR Holdings strikes $152 million deal to expand in Missouri

American Banker

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Moneyhub partners Otto to offer employee wellbeing benefits

The Paypers

US-based Moneyhub has partnered with financial health operator Otto to offer employee wellbeing benefits.

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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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The Best Banks to Work For — over $10 billion of assets

American Banker

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Cake partners with Radar Payments by BPC

The Paypers

Digital banks Cake has partnered with BPC ‘s payment processing provider firm Radar Payments , as it plans to scale its offering towards a full suite of digital banking services.

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Centric Bank goes back to school to achieve diversity goals

American Banker

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Amazon to introduce Venmo payment option in 2022

The Paypers

Venmo ’s mother company, PayPal , has announced that Amazon is adding a Venmo payment option for customers in the US, starting 2022.

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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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Wells Fargo rebuilds restaurant finance team after MUFG poaches lenders

American Banker

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Junio and RuPay partner to launch youth card

The Paypers

India-based child-focused startup Junio has partnered with RuPay to launch a multi-purpose card for teenagers and pre-teens.

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Lenders/ Investors

Commercial Lending USA

Lenders/ Investors.

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Spreedly certification connects gateways to merchants and platforms

The Paypers

US-based payments orchestration platform Spreedly has announced a new Gateway Certification Programme, providing PSPs a track to integrate with Spreedly’s Payments ecosystem.

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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.