Payments Dive
MARCH 15, 2022
As payments technology evolves, the use of biometrics is poised to take off. Software firm PopID is seeking to raise about $50 million in capital to scale its face verification services for payments applications in the U.S. and abroad.
Perficient
MARCH 15, 2022
The Office of the Comptroller of the Currency (OCC) has released 11 Community Reinvestment Act (CRA) performance evaluations. These evaluations are based upon on-site examinations performed by OCC-trained staff that are conducted every other year, and they assess an institution’s performance in helping to meet the specific credit needs of the communities they serve.
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Abrigo
MARCH 15, 2022
Offering Digital Consumer and Commercial Accounts Benefits Financial Institutions Banks and credit unions that enable online/digital account opening win new customers and members and retain existing ones. . Would you like other articles like this in your inbox? Takeaway 1 Many financial institutions are adding or improving online or digital account opening capabilities. .
ATM Marketplace
MARCH 15, 2022
Last time we looked at some critical ATM security issues such as software vulnerabilities, jackpotting, physical key issues and more. But how does one address such issues?
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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
Cisco
MARCH 15, 2022
Leaders and organizations embarking on any digital initiative need to ensure that experience monitoring is a cornerstone of their strategy. A leading Financial Services company headquartered in Asia found this to be true. With about 30,000 staff and operations spread across several countries in multiple continents, moving to remote work posed new and unexpected network and infrastructure visibility issues for them.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Bobsguide
MARCH 15, 2022
Auriga is sponsoring this year’s Digitalisation & Self-Service Banking Conference taking place at The Law Society Hall, London, on 24th March. We will have the honour to present Paola Acciai, Head of Marketing and Communication at Banca Carige, who will be speaking about their Carige Smart branch model at 9:40am. It is a great example of how the bank of the future incorporates behaviour and technology inside the branch to be smarter and better.
BankInovation
MARCH 15, 2022
CHARLOTTE, NC — Cross River Bank’s custom core will be fully deployed on Amazon Web Services by the end of March. The Fort Lee, N.J.-based bank is moving its custom core off a private cloud for increased transaction per second (TPS) power and scalability, both horizontally and vertically, Jesse Honigberg, senior vice president and technology […].
CFPB Monitor
MARCH 15, 2022
Opportunity Financial, LLC (OppFi) has filed a Complaint for Declaratory and Injunctive Relief in a California state court against the California Department of Financial Protection and Innovation (DFPI), seeking to block the DFPI from applying California usury law to loans made through OppFi’s partnership with Fin Wise Bank (Bank), a state-chartered FDIC-insured bank located in Utah.
BankInovation
MARCH 15, 2022
University Credit Union saved nearly $2 million in expenses and revenue gains in the first 12 months after launching its artificial intelligence (AI)-powered virtual assistant Royce in August 2020. The savings easily amounted to more than the cost of the technology and allocations made to support the bot, says David Tuyo, president and CEO of […].
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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
BankBazaar
MARCH 15, 2022
Although money management is such a simple concept yet saving money can be quite demanding and strenuous. With many unwanted expenses waiting to happen and a million distractions vying for attention, your wallet pays the price. The ever-entertaining streaming/OTT media services, splurging at your favourite retailer, binging at the café you frequent the most or an unplanned staycation, these distractions are definitely hard to resist.
TheGuardian
MARCH 15, 2022
Which? describes number of bank closures as ‘alarming’, with many customers unable to go digital HSBC is to shut a further 69 branches, on top of the 82 it axed last year , claiming the pandemic has accelerated the shift to digital banking. It is the latest in a line of banks to announce it is reducing its network in response to changing customer habits.
Bankelele
MARCH 15, 2022
Banking seems to have gotten over the shocks of the last two years, going by the outlook of Absa Bank Kenya. The bank released its 2021 financial results in Nairobi today and signalled a recovery with a resumption of dividend payouts similar to pre-Covid times. The bank recorded assets of Kshs 429 billion and pre-tax […].
CB Insights
MARCH 15, 2022
MoneyView , a personal finance management app, has raised $75M in a Series D. The round drew participation from Accel, Dream Incubator, Tiger Global Management, and Winter Capital, among others. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" ><div class="cta has-desktop"><div class=&
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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
MARCH 15, 2022
IRIS Software Group has partnered with UNIPaaS , bringing its embedded finance solutions platform to SMEs, according to enterprisetimes.co.uk.
CB Insights
MARCH 15, 2022
Capchase , a provider of non-dilutive financing, has raised $80M in a Series B. The round drew participation from 01 Advisors, Invesco, QED Investors, SciFi VC, Thomvest Ventures, and Tusk Ventures, among others. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" ><div class="cta has-desktop"
The Paypers
MARCH 15, 2022
UK-based Buy Now, Pay Later (BNPL) provider Playter has secured USD 1.7 million in a seed funding round co-led by Fin Capital and 1818 Ventures to sustain its growth plans.
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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.
Tomorrow's Transactions
MARCH 15, 2022
Developing secure software and systems is hard. Even if the most experienced engineers use the best tools and follow best practices, bugs and vulnerabilities can slip through. Add to that the amount of legacy or 3rd-party code in use today, developer turnover and the use of outsourcing, and we can see that it is very… Continue reading Arm’s CHERI-Based Morello Prototype Adopts New Approach to Security.
The Paypers
MARCH 15, 2022
The EU has rejected the proposed rule that could have banned the cryptocurrency Bitcoin across the bloc but set new draft rules to protect consumers and make mining more sustainable.
American Banker
MARCH 15, 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.
The Paypers
MARCH 15, 2022
Lichtenstein-based fintech 21finance has announced collecting EUR 3.4 million in a Pre Series A financing round.
The Paypers
MARCH 15, 2022
Bixie , an AI-powered finance platform for women, has tapped UBx , an Open Finance platform by Union Bank of the Philippines , in providing digital solutions for beneficiaries.
American Banker
MARCH 15, 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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