Tue.Aug 30, 2022

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Digital wallets dig in

Payments Dive

Continued adoption of digital wallets is likely to depend on the services that providers add, said Charlotte Principato, a financial services analyst for polling firm Morning Consult.

Charlotte 434
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Transforming Financial Institutions With Agile

Perficient

The post-pandemic era has ignited monumental changes in the global financial realm, forcing financial services institutions into unchartered territory when it comes to digitization. Many startups and more and more legacy financial services institutions are reaping the benefits of employing an Agile methodology to digitize at scale and address the customer expectations of today.

Meeting 294
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FedNow aims for September testing

Payments Dive

FedNow, an effort by the Federal Reserve Banks to speed up and modernize the U.S. payments system, is expected to launch as early as next May.

System 396
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Strategies for growing commercial loans

Abrigo

Expanding the commercial loan portfolio in today's market With the right strategies, banks and credit unions can expand their commercial loan portfolios successfully. You might also like this webinar on commercial lending strategy. WATCH . Takeaway 1 Commercial loans have remained strong through the pandemic despite high inflation rates and unstable conditions.

Strategy 195
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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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Smart safes deliver retail success

ATM Marketplace

Smart safe systems help to neutralize shrink by keeping financial assets protected and defended. Smart safes go much further than that, though. Here are a few of the other ways that they don't just save money, but reduce operations costs for business owners.

Retail 94

More Trending

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FormFree and Finastra partnership streamlines borrower verification for improved mortgage loan processing

Bobsguide

AccountChek integration with Mortgagebot enhances asset, income and employment verification workflow to reduce risk and processing time for lenders and enable faster decision making. ATHENS, Ga. and LONDON, August 22, 2022 — Finastra and FormFree ® , a market-leading fintech company that enables lenders to understand people’s true ability to pay (ATP®), have partnered to further streamline electronic borrower verification for mortgage lenders.

Lending 74
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Localised shopping and payments, key for Japanese ecommerce expansion – Degica report

The Paypers

Cross-border payments platform Degica has released a report emphasising the fact that localised shopping is key for merchants to penetrate the Japanese ecommerce market.

Report 68
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‘The future of banking’: How FIs can appeal to Gen Z

BankInovation

Automation can help financial institutions (FIs) appeal to younger generations seeking streamlined banking services. “I think it’s very important for every company in financial services to actually make their offerings appealing for the Gen Z customers,” Gustavo Gomez, chief executive of automation platform Bizagi, told Bank Automation News. “Because those are the customers that will […].

Company 52
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Airbnb partners with Generali to offer travel insurance

The Paypers

Worldwide-known home rental platform Airbnb has announced since January 2022 the upcoming launch of a customised insurance product offering exclusive to Airbnb users.

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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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Reading Cooperative Bank leverages automated escrow solution

BankInovation

Reading Cooperative Bank (RCB) is partnering with fintech ZSuite Technologies to launch ZEscrow, an automated commercial escrow solution, and ZRent, an automated payment collection tool. Escrow, trust and “for the benefit of” (FBO) accounts have long been pain points for banks, requiring manual account opening and management processes, ZSuite Technologies Chief Executive Nathan Baumeister told […].

Tools 52
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Australia to invest USD 6.8 bln in cybersecurity

The Paypers

Australia has unveiled its 2022-23 federal budget, showing a strong commitment to cybersecurity, in which it plans to invest USD 6.8 billion.

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BMO Financial Group ups tech investments

BankInovation

BMO Financial Group increased its technology spend in the third quarter as the bank invested in digital-first efforts and talent. The Montreal-based bank reported a 3% year-over-year increase in tech spend to $2.9 billion, according to the bank’s earnings supplement. The bank’s total revenue for the quarter clocked in at $1.6 billion, down 11% from […].

Groups 52
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The Power of Optimization: Solving a Dire Water Access Problem

FICO

Home. Blog. FICO. The Power of Optimization: Solving a Dire Water Access Problem. The SEIO-BBVA prize for best applied contribution in operations research goes to a team including FICO’s Selene Silvestri. JessicaButalla@fico.com. Tue, 07/19/2022 - 16:11. by Oliver Bastert. Vice President, Product Management. expand_less Back To Top. Tue, 08/30/2022 - 09:30.

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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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Taiwan's CTBC Bank partners Soft Space for tap-on-phone taxi payments

The Paypers

Taiwan-based CTBC Bank has partnered with Malaysian fintech Soft Space in order to launch a tap-on-phone payments system for taxi fares.

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Best Credit Unions to Work For 2022

American Banker

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Meta allows NFT owners integration on Facebook and Instagram

The Paypers

Metaverse-based company Meta (formerly Facebook) has announced it gives its users the ability to link their NFTs posts on both in-house social media platforms Facebook and Instagram.

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Lawmaker demands details from government, crypto firms on consumer fraud

American Banker

Fraud 94
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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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Afterpay ends Westpac partnership by closing a personal finance app

The Paypers

Australia-based Buy Now, Pay Later company Afterpay has decided to cancel the personal finance app Money by Afterpay thus ending its collaboration with Westpac Banking Corp.

Company 41
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China opens up to foreign investment with new law

The Banker

The newly introduced Futures and Derivatives Law brings the country’s financial services market in line with international standards, welcoming foreign financing. James King reports.

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Argentine province Mendoza now accepts crypto for taxes and fees

The Paypers

Argentina has taken a step towards widespread cryptocurrency adoption with the launch of a new payment service that allows citizens to pay fees and taxes using digital currencies.

Taxes 36
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BMO says Bank of the West merger will ease deposit pressure

American Banker

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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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Doha Bank launches Doha Pay service for Android and iOS

The Paypers

Qatar-based Doha Bank has launched a mobile digital wallet named Doha Pay for Android and iOS-based devices in order to provide more convenient payment options for its customers.

Mobile 36
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Bank of America aims mortgages, CRE loans at women and minorities

American Banker

America 74
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MAS plans stricter crypto regulation, warns investors against risks

The Paypers

Monetary Authority of Singapore (MAS) officials have stated that the regulator is planning to roll out new regulations that will make it more difficult for retail investors to trade cryptocurrencies.

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Why pay for business travel? Choice Hotels cuts out paperwork — and costs

American Banker

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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.