Wed.Jul 14, 2021

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Would you pay £63 for a chicken? The artist who built a street to show house price madness

TheGuardian

When Doug Fishbone came across an abandoned apartment complex in Cork, he decided to recreate it in a gallery – to highlight everything that’s wrong with our property-fuelled financial system A grim concrete wall greets visitors to the Crawford Art Gallery in Cork. It fills the full height of the space, hemmed in by a corrugated steel fence. You might think you’d walked into a room still under construction – until you notice the street lamp.

System 101
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India AI startup Fractal weighs IPO as pandemic fuels growth

BankInovation

India’s Fractal Analytics Inc., a provider of artificial intelligence and analytics solutions to global companies, is exploring an initial public offering to fuel its growth as the pandemic helps to boost demand for its services. Besides weighing an IPO, Fractal is assessing interest from investors valuing the company at significantly more than $1 billion, Srikanth […].

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The CX Best Practices You Didn’t Know You Needed for FinServ

ATM Marketplace

In this webinar, Stratifyd’s Kurt Trauth, SVP of Customer Experience Strategy and Analytics, will share with you the unexpected best practices that he’s discovered in his time as USAA’s Voice of the Customer leader and in his role at Stratifyd working with top financial institutions.

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Bank of America touts digital sales growth, reports strong growth in profits

BankInovation

Bank of America’s digital strategy appears to be paying off as the bank reported today that its electronic sales activity jumped by 26% year over year, with 85% of its booked mortgages coming through digital channels. The $3.02 trillion bank reported a net income of $9.2 billion in its quarterly earnings, noting that the vaccine-led […].

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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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Bankers: Seven Questions to Determine If You Have a Strategic CFO?

Jeff For Banks

Ajit Kambil of the consulting firm Deloitte, in one of their Perspectives articles , asked seven essential questions to determine if the reader was or has a strategic CFO. I thought it provided great insights for Jeff4Banks readers, and I've accompanied the description of the seven questions with how it pertains to banking. Seven Essential Questions for Strategic CFO's 1.

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Paysafe provides WynnBET with payments and marketing solutions in US

The Paypers

US-based Paysafe , a payments platform, has partnered with WynnBET , the US mobile sports-betting platform to facilitate online payments.

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This Apax Partners-Backed Startup Raised $100M To Help SMBs Set Up Bank Accounts

CB Insights

Tide , a financial technology platform for enterprises, has raised $100M in a Series C that drew participation from Apax Partners, Speedinvest, and Anthemis, among others. How’s the company performing? UK-based Tide is a financial technology platform that provides small businesses with banking services. Users can auto-categorize transactions, attach invoices and receipts, export to accounting software through its platform.

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Research shows a perception gap regarding accounts receivable modernisation

The Paypers

Billtrust , a B2B accounts receivable (AR) automation and integrated payments provider, has released the results of a research which aims to understand the current state of the US accounts receivable industry.

US 57
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Qudos Bank wins Best Large Mutual Bank for second year running

Qudos Bank

The results of the 2021 Australia’s Best Banking Awards from financial comparison site mozo.com.au are out, and for the second year running, Qudos Bank has beaten their competitors to the prestigious title of Australia’s Best Large Mutual Bank. In order to determine the winners, Mozo’s panel of judges examined data, assessments and results from multiple Mozo Experts Choice Awards over the past year up to June 2021.

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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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Marco Financial raises USD 82 mln

The Paypers

Marco Financial , a trade finance company raised USD 7 million in seed funding and USD 75 million in a credit facility, led by Arcadia Funds LLC and Kayyak Ventures , to increase its credit line to USD 100 million.

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SJP Federal Credit Union Offers Rate-Leading Long-Term CDs

BankDeals

SJP Federal Credit Union (easy membership requirement) is currently offering top rates on its long-term CDs. Minimum opening deposit is $500, with no stated balance cap.

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Visa invests in crypto even as merchants balk

American Banker

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Gulf Coast Federal Credit Union (TX) Offers Top 18-Month CD Rate

BankDeals

Gulf Coast Federal Credit Union (Texas) is currently offering a competitive rate on its 18-month Share Certificate. $500 minimum deposit, with no stated balance cap.

Texas 40
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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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Credit unions started in '21 reflect last year's upheaval

American Banker

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Technicorum Holdings launches CanCoin token

The Paypers

Singapore-based digital assets advisory group Technicorum Holdings has announced the launch of the CanCoin Cannabis token.

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Ignored by banks, Indigenous communities build their own financial system

American Banker

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Bullish to go public in USD 9 bln SPAC deal

The Paypers

Crypto exchange Bullish has announced it will merge with SPAC Far Peak Acquisition Corporation and list on the NYSE by the end of 2021.

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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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Citigroup forecasts higher expenses as it revamps its business model

American Banker

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MoonPay uses FIS for merchant acquiring services

The Paypers

MoonPay , which provides payments infrastructure for buying and selling cryptocurrency, has selected FIS for merchant acquiring services.

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Why Calculators Are Essential To a Financial Institution’s SEO Strategy

The Financial Brand

Financial calculators vary greatly in capabilities. SEO compatibility and personalization are two attributes that make a big difference. The post Why Calculators Are Essential To a Financial Institution’s SEO Strategy appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Crypto exchange Liquid enables Stellar USDC

The Paypers

Singapore-based crypto exchange platform Liquid and the Stellar Development Foundation (SDF) have announced that Stellar USDC is now available to Liquid’s exchange customers.

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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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Fed’s Powell calls for stricter oversight of stablecoins

American Banker

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Bci Miami Bank renews agreement with QuantaVerse

The Paypers

QuantaVerse ,?which uses RPA, AI, and machine learning to automate financial crime identification and investigations, has announced it has signed a renewal agreement with Bci Miami.

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The glue to keep your best employees… [VIDEO]

The Emmerich Group

According to BambooHR®, one-third of your people plan on dumping you in the next six months. Yikes. This begs the question, what kind of glue do you need to make sure your very best employees stick with you during a time of accelerated “employee poaching?” To be clear… Employee retention isn’t just about the pay. Continue Reading. The post The glue to keep your best employees… [VIDEO] appeared first on Roxanne Emmerich.

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NIPL, RMA of Bhutan partner to implement enable BHIM UPI payments in Bhutan

The Paypers

NPCI International Payments (NIPL), the international arm of National Payment Corporation of India and the Royal Monetary Authority (RMA) of Bhutan have partnered to implement and enable BHIM UPI QR code-based payments in Bhutan.

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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.