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JANUARY 17, 2021

Blockchain-based global payments provider Ripple announced it has entered into an arrangement under which Malaysian mobile wallet provider Mobile Money, and bKash , a provider of mobile financial services to more than 45 million people in Bangladesh, will conduct transactions through the RippleNet network. “bKash and MobileMoney will gain access to a wide range of RippleNet’s features, including wallet-to-wallet transactions,” Ripple wrote in a news release announcing the deal.

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Payments Source

JANUARY 17, 2021

The question is not whether things will magically return to the 2019 status quo. The question is: Where is there still pent-up demand among consumers and merchants?

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PYMNTS

JANUARY 17, 2021

The Federal Aviation Administration is letting commercial drone-maker American Robotics operate drones without on-site pilots — but with a number of caveats, according to a decision recently posted on the agency’s website. The decision is the first government approval for drone flights without on-site pilots, the Marlborough, Mass.-based company stated in a news release.

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The Financial Brand

JANUARY 17, 2021

Personalization of the customer experience in banking is a necessity as consumers want solutions geared to their individual needs. The post Lack of Personalization Puts Banks at Odds with Consumer Expectations appeared first on The Financial Brand.

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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

Lending

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JANUARY 17, 2021

Figure Technologies , which works in blockchain-based finance tech transformations, has worked with J.P. Morgan and closed a $100 million financing facility to help with conforming and jumbo mortgages, according to a press release. This will mark Figure’s fifth online financing facility, in which the company has closed almost $1.5 billion, in partnership with numerous banks and facilities, including Jefferies.

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JANUARY 17, 2021

Malaysian eCommerce logistics firm Everpeaks has launched a logistics platform called Fulfilment [sic] by Everpeaks that the company said will reduce costs for manufacturer-to-consumer shipping as well as bulk B2B transactions in part by operating from a free trade zone, according to a press release. Everpeaks, which was founded in 2016, stated in the release that the new offering’s value proposition comes from “eliminating multiple layers of traditional retail operations and market barriers.

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The Financial Brand

JANUARY 17, 2021

Hiring creative user experience pros won't help if they don't have the right support and culture. Three actions can help turn things around. The post Habits That Stifle UX Innovation in Banking (and How to Change Them) appeared first on The Financial Brand.

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UX Innovation How To User Experience 38

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JANUARY 17, 2021

Bookkeeper360 , a FinTech working with accounting solutions, has raised $1 million in seed funding, according to a press release. The round comes with a new confidence in small- to medium-sized business (SMB) FinTech solutions, as Bookkeeper360’s total capital funding hits $2.1 million since its launch, the release stated. With the new funding, the company plans to keep growing and developing products with its existing Business Intelligence Software , which uses real-time finance data to help ma

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Fintech Software Tools Capital 189

The Financial Brand

JANUARY 17, 2021

Long waits for call center responses (and unhelpful answers) are leaving a lasting bad impression that financial institutions need to fix. The post COVID Customer Service May Drive 1 in 4 Customers Out the Door appeared first on The Financial Brand.

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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

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JANUARY 17, 2021

Everlywell , an Austin, Texas-based producer of home tests for COVID-19 and other diseases and health conditions, has raised $75 million on top of a recent $175 million Series D round, according to published reports. The latest funding comes from HealthQuest Capital , a Belmont, California-based investment fund that focuses on companies in their early stages of growth.

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PYMNTS

JANUARY 17, 2021

British delivery power-house Deliveroo said Sunday (Jan. 17) in an announcement that it has raised $180 million in new investments, which push its valuation to $7 billion and come in advance of what the company stated is a “potential initial public offering” (IPO). The new funding, according to the announcement, comes from two existing investors: Durable Capital Partners and Fidelity Management & Research.

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PYMNTS

JANUARY 17, 2021

UBS Group might be investing $400 million in India’s Paytm , which is owned by Ant Group , according to a report from Tech in Asia. Paytm is the most valuable Asian startup, and UBS Group is taking a chance on the burgeoning digital payments market, the report stated. UBS Group, according to the report, is currently talking with clients as it works out how to purchase Paytm stock from a group of the company’s staff.

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Groups Payments Lending Report 177

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JANUARY 17, 2021

President-elect Joe Biden is looking at two ex-President Barack Obama officials to run the top antitrust job at the U.S. Department of Justice (DOJ), Reuters reported. One pick might be Renata Hesse , who has served numerous stints at the DOJ since 2002 and was acting attorney general from mid-2016 through January 2017, according to Reuters. Hesse has also held roles in the private sector, and she has acted as an adviser in various matters with Apple , Google and others, including on Amazon 's r

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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.

Lending

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JANUARY 17, 2021

The term “peloton” adopted by the maker of the wildly popular $1,900 exercise bike comes from the world of bicycle road racing — it refers to the cluster of riders who pack tightly together to draft off each other and hide from crosswinds like migrating geese — but the New York Times reports a number of customers feel like the company is so bad at making good on delivery promises that they feel like hapless stragglers.

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JANUARY 17, 2021

Cardano founder Charles Hoskinson says there could be a surge in DeFi usage in Africa, a report from CoinTelgraph says. Hoskinson said he thought around 100 million users would join the Decentralized Finance sector within the next three years. “Who's actually going to do peer-to-peer loans? Who's actually going to do peer-to-peer insurance? Who's actually gonna do peer-to-peer payments?

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JANUARY 17, 2021

Cloud-based accounting software solution provider AlignBooks will be working with ICICI Bank , a private-sector bank, to deliver a new, simple digital banking experience for small- to medium-sized businesses (SMBs), CRN India reported. ICICI’s current account holders will be able to use the partnership to securely connect their software to their bank accounts.

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Software Resources Digital Banking Report 153

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JANUARY 17, 2021

It was supposed to be a compelling option for consumers in the connected economy, but the subscription model for automobiles is hitting some speed bumps as BMW and Audi are pulling back on their programs. BMW announced last week that it is pulling the plug on its “Access” vehicle subscription service less than three years after launching the single-city pilot program in Nashville, Tennessee, in 2018.

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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.

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