Wed.May 05, 2021

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The Rise in Consumers’ Digital Engagement: A Blessing or a Curse for UK Banks?

Accenture

One of the clearest impacts of the pandemic has been to accelerate consumers’ long-running migration to mobile and online channels, for financial services among others. For banks and insurers, the results include greater opportunities to serve more customers in new and more efficient ways.

Mobile 221
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Are We Bringing Back the 70s?

SWBC's LenderHub

These days, many of us look back at the 1970s with an eye toward nostalgia. The decade is now fondly remembered for great music, the Golden Age of television, Studio 54, and in many ways, a simpler time where a middle class still thrived. Of course, we forget about social unrest, violence, Watergate, the losing end to our war in Vietnam, and inflation.

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Building Capacity of Lenders to the Underserved

ABA Community Banking

With applications due in July, here’s what CDFIs and minority banks need to know about the Treasury Department’s new emergency capital investment program. The post Building Capacity of Lenders to the Underserved appeared first on ABA Banking Journal.

Capital 96
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Listen: Chatbots evolve to be more efficient, helpful to employees

BankInovation

Chatbots are evolving to be more useful for customers and employees than in the past. “You are going to start to progressively see chatbots being able to assist, even on things that are a little bit more complicated,” Likhit Wagle, IBM’s general manager for global banking and financial markets, tells Bank Automation News in this […].

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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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Digital Dollar Moves Closer as Crypto Market Booms

Banking Exchange

Digital Dollar Project to launch at least five pilot programs over the next 12 months, funded by Accenture The Economy Technology Financial Trends Blockchain Bitcoin Cryptocurrency Feature Feature3.

More Trending

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WEPCO Credit Union (MD/WV) Has 3 Competitive Kasasa Products

BankDeals

WEPCO Credit Union (MD/WV) Kasasa Cash Checking, Kasasa Cash Back, and Kasasa Saver accounts currently offer very competitive rates.

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How Foodetective aims to de-clutter the restaurant payments market

Payments Source

Marketing 154
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Farmers & Merchants, 1st Financial, SmartBank Lead M&A Activity

Banking Exchange

Farmer’s & Merchants Bancorp is to acquire Perpetual Federal Savings Bank of Urbana as the banking sector continues to see M&A activity Management Feature M&A Feature3.

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Mastercard cardholders can now send and receive money using WhatsApp in Brazil

The Paypers

The company has announced that Mastercard cardholders in Brazil can now send and receive money to and from friends and family through WhatsApp.

Company 79
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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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Western Union to test debit, credit card offerings in bank push

Payments Source

Cards 144
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Tesco to offer supply base sustainability-linked supply chain finance

The Paypers

Tesco has announced it will offer its supply base sustainability-linked supply chain finance to encourage more suppliers to sign up to science-based emissions reduction targets.

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Mastercard sees contactless acceptance triple in U.S., Brazil

Payments Source

Payments 129
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Best Credit Cards in New York: Get the Most Rewards on Your Spending

MyBankTracker

Looking for a new rewards card? If so, it’s important to find one that’s tailored to how you spend. Where you live can make a difference in the card you choose. For example, the best credit cards in New York may not be the best credit cards for someone who lives in Florida or Montana. That’s because geography can influence how you spend.

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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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Podcast: Two Vibrant Traditions in U.S. Bank Architecture

ABA Community Banking

On the latest episode of the ABA Banking Journal Podcast, architecture critics Catesby Leigh and Anthony Paletta debate and illuminate two great traditions in U.S. bank design: classicism and modernism. The post Podcast: Two Vibrant Traditions in U.S. Bank Architecture appeared first on ABA Banking Journal.

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The next phase of payments transformation

Payments Source

Payments 117
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ABA Supports Bill to Encourage De Novo Bank Formation

ABA Community Banking

The American Bankers Association today submitted a letter of support for H.R. 2561, the Promoting Access to Capital in Underbanked Communities Act of 2021, which would establish a three-year phase-in period for new banks to comply with federal capital standards, among other provisions designed to promote de novo banking. The post ABA Supports Bill to Encourage De Novo Bank Formation appeared first on ABA Banking Journal.

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Visa-backed Railsbank teams with Plaid in the U.K.

Payments Source

Payments 114
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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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Artificial intelligence is bypassing bank customers, study shows

The Paypers

Germany-based IT service management company Senacor has released a study stating that customers of German banks do not notice banks' use of artificial intelligence since institutes find it difficult to determine what consumers want.

Study 48
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Small businesses fueling Zelle's growth

Payments Source

Payments 108
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EHI releases the study 'Payment Systems in Retail 2021'

The Paypers

The Germany-based EHI Retail institute has released the study ‘Payment Systems in Retail 2021’, which will be presented at the EHI Payment Congress on 5 May 2021.

Study 46
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PayPal's challenge: Keep its record-setting 2020 performance going

Payments Source

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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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When is the right time to refinance your home loan?

Qudos Bank

If you’re a homeowner, it’s a smart idea to periodically review your service providers to make sure you’re still getting the best deal. Comparing your water, power, internet, home and contents insurance, etc. against competitors can save you hundreds of dollars a year. And your mortgage should be no different. In fact, reviewing and refinancing your mortgage at today’s record-low rates could save you thousands of dollars a year in interest, and tens of thousands of dollars over the course of you

Lending 40
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Payments ID can get lost in the cloud

Payments Source

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Chime forced to ditch use of word ‘bank’ after regulator’s pushback

American Banker

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PostFinance and Swissquote partner to launch mobile banking app

The Paypers

PostFinance , a Switzerland-based financial institution, and Swissquote , a provider of online financial services, have come together to launch a new mobile banking app called Yuh.

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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.