Tue.Jul 13, 2021

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Sometimes, It Is All About the Flow

SWBC's LenderHub

A funny thing happened on the way to the great reflation trade that, just a few weeks ago, was the dominant market theme. The reflation trade was supposed to get out in front of strong inflationary pressures as well as the sooner-than-expected withdrawal of some of the Fed’s extraordinary monetary policy support. The yield curve was supposed to steepen, with long-term rates like the 10-year Treasury note going through two percent for the first time since early 2019.

Policies 148
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What's on the horizon for the ATM world?

ATM Marketplace

ATMs went through a challenging year in 2020, but as the industry comes out of the pandemic, a question emerges: What's on the horizon?

ATM 133
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Raising the Standard

ABA Community Banking

With more than 100 institutions now offering Bank On-certified checking accounts—and more in the pipeline—what can banks of all sizes learn from the experience of their certified peers? The post Raising the Standard appeared first on ABA Banking Journal.

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Goldman Sachs in ‘third innings’ of tech-driven efficiency gains, says CEO

BankInovation

Driven by a growth in its technology and a frenzy of worldwide deal-making activity, Goldman Sachs reported a jump in estimated second-quarter profits Tuesday. The bank’s quarterly net revenue grew by 16% to $15.3 billion, with financial advisory revenue surging 83%. While the $2.3 trillion investment bank has undoubtedly benefited from a frenzy of market […].

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Goldman Sachs and JP Morgan report bumper second-quarter profits

TheGuardian

Investment banking arms of two Wall Street firms benefit from global glut of mergers and acquisitions Goldman Sachs and JP Morgan have reported bumper profits for the second quarter as their investment banking divisions continued to ride the global boom in mergers and takeover deals. The two US banks have been capitalising on the surge in merger and acquisitions activity, which broke records for the second straight quarter in the three months to June, according to Refinitiv data, and helped make

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More Trending

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Banks can now unleash a dividend party – but the optics wouldn’t be good

TheGuardian

Swimming in capital and with dividend restrictions gone, banks have plenty to give shareholders Let the dividend bonanza in the banking sector begin? The Bank of England on Tuesday removed its Covid “guardrails” on distributions to shareholders, and boards now have a decision to make. Do they shower their investors with cash, in effect making up for nine dividend-free months in 2020 and the token payments that were made thereafter?

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Study shows Romanian startups with highest income are in automation, fintech, and marketing

The Paypers

The Romanian technology startups with the highest number of employees are in fintech (35.2%), automation (35.2%), and marketing (14.2%), according to a study initiated by the Romanian Tech Startups Association (ROTSA).

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Met police seize nearly £180m of bitcoin in money laundering investigation

TheGuardian

Seizure follows confiscation of £114m of the cryptocurrency in June Metropolitan police detectives investigating international money laundering have seized nearly £180m of bitcoin. The seizure by the Met’s economic crime command follows a confiscation of £114m of the cryptocurrency in June. Continue reading.

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Mondex Memories and CBDC

Tomorrow's Transactions

Deep in the mists of time (that is to say, the early-1990s), I led the team from Consult Hyperion responsible for Mondex specification, design and development. For those not familiar with paleo-payments, it was one of a clutch of (contact) smart card based electronic cash systems, none of which survived beyond, let’s say, early adolescence.… Continue reading Mondex Memories and CBDC.

System 93
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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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Technology and talent: A winning combination for financial institutions

BankInovation

Over the past decade, the financial services industry has faced significant workforce challenges including changing employee demographics, increased competition for top-level talent and an evolution in the nature of the work itself, as technologies such as artificial intelligence become more mainstream. These rapid changes have illuminated the need for the continual training and reskilling of workers, particularly when it comes […].

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Don’t Find Yourself Fumbling – Set Your Business up to Catch Fraud.

MerhantsBanks

Preventing or catching fraud can feel like a huge task – like keeping track of an influx of orders during your busy season. Being a victim of fraud can not only hurt your bank account, but your business’s reputation too. With this much at stake, make sure you know what security measures to take so […].

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Riverside Bank of Dublin (OH) Offers Rate Guarantee On Checking Account

BankDeals

Riverside Bank of Dubin (Columbus, Ohio metro area) is offering a very competitive rate on its All In Checking account, guaranteed through December 31, 2021.

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Company Update from Greg Evans, CEO: 2nd Quarter, 2021

MerhantsBanks

During the past month, I have had the true privilege of being able to participate in in person gatherings, celebrations and fund-raising events for Winona State University, Winona Health, Winona’s Steamboat Days, Habitat for Humanity, and the Minnesota Bankers Association. It has never felt so good to have my personal calendar filled up with community […].

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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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Watch: US Senate Federal Credit Union CIO Mark Fournier on combating cyberthreats

BankInovation

Username Password * Remember Me Forgot Password.

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Die KMU-Berater partners with Deutsche Firmenkredit Partner

The Paypers

The Germany Consultant Association for SME’s, die KMU-Berater , has announced working with the financing platform Deutsche Firmenkredit Partner ( DFKP ) to support medium-sized clients with corporate financing.

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Freelancing craze offers challenger banks an opportunity

American Banker

Fintech 98
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Verafide rolls out open-source solution for verifiable credentials in the UK

The Paypers

Verafide, a verifiable credentials technology provider for issuers, holders and verifiers of digital credentials and ID, has launched their platform on the SETL enterprise blockchain.

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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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FNB buying Howard Bancorp to bulk up in Baltimore

American Banker

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Featurespace files patents to stop enterprise financial crime

The Paypers

Featurespace , a provider of enterprise financial crime prevention technology for fraud and anti-money laundering, has filed two global patents that support new levels of customer protection in the financial industry.

Fraud 39
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Inside a payments fintech's quest to raise its profile

American Banker

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AWS announces model variable importance for Amazon Fraud Detector

The Paypers

AWS has announced that Amazon Fraud Detector now includes model variable importance values to provide customers more insight into their fraud detection machine learning (ML) model’s performance.

Fraud 39
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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.

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How Open Banking’s Big Threat to Incumbents Could Become a Gain

The Financial Brand

Forget what you think about this subject and focus on one thing: Financial data will increasingly be open. You can benefit or sink. The post How Open Banking’s Big Threat to Incumbents Could Become a Gain appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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FastPay becomes an AvidXchange company

The Paypers

FastPay , a provider of payments automation solutions for the media industry, has joined AvidXchange , a provider of accounts payable (AP) and payment automation solutions for the middle market.

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Regulators propose joint guidance on managing third-party risk

American Banker

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Indian ecommerce market to reach USD 120.1 mln

The Paypers

GlobalData ’s E-Commerce Analytics has shown that the ecommerce sales in India are forecasted to rise at a compound annual growth rate (CAGR) of 18.2% between 2021 and 2025, to reach USD 120.1 billion in 2025.

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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.