Amex raises growth projections
Payments Dive
JULY 22, 2022
The spending behaviors of American Express customers don’t suggest an economic downturn is imminent, CEO Steve Squeri asserted during Friday’s second quarter earnings call.
Payments Dive
JULY 22, 2022
The spending behaviors of American Express customers don’t suggest an economic downturn is imminent, CEO Steve Squeri asserted during Friday’s second quarter earnings call.
South State Correspondent
JULY 22, 2022
Weak European PMI Readings Boost Treasury Prices. Treasury yields are lower this morning after EU composite PMI readings unexpectedly slipped below 50.0 earlier today. Anything below 50 signals contraction and the recession warning sent EU-based yields lower and Treasuries have followed suit on what should be a quiet Friday trading day here. We will get our own preliminary PMI readings later this morning for July, but while some softening is expected none are forecast to dip below 50.
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Payments Dive
JULY 22, 2022
The digital payments pioneer is distributing shares of its beat-up stock to hundreds of new workers in a bid to hang onto employees after cutting others earlier this year. A spokesperson said the distribution was a “normal course” of action.
ATM Marketplace
JULY 22, 2022
Clinton Cheng, VP, global head of the Visa/PLUS ATM Network at Visa, will deliver key insights regarding the future of self-service banking and payments at the Bank Customer Experience Summit, being held in Chicago from Aug. 31 to Sept. 1.
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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
BankInovation
JULY 22, 2022
Private equity firm Motive Partners raised $2.5 billion for its Motive Capital 2 fund last week. Motive Capital 2 invests in software and information services businesses in North America and Europe, according to a release. The fund closed above its original hard cap of $1.5 billion with the help of investments from public and private […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankInovation
JULY 22, 2022
Capital One is looking to the fintech market for potential acquisition opportunities as purchase prices drop. “As the pricing has crashed in that marketplace, we continue to watch the market carefully,” Chief Executive Richard Fairbank said during Thursday’s second-quarter earnings call, noting that when an opportunity arises for a tech acquisition, the bank is “well-suited” […].
CB Insights
JULY 22, 2022
What are underwriting data platforms? Underwriting data platforms collect third-party alternative datasets, such as social media, public records, and demographic information. Insurers can tap into these data sources to augment their own internal datasets — with the goal of improving and expediting underwriting decisions. download the state of fintech Q2 2022 report.
BankInovation
JULY 22, 2022
Listen to Bloomberg Crypto on the iHeartRadio App Listen to Bloomberg Crypto on Apple Podcasts Listen to Bloomberg Crypto on Spotify Something we say a lot here on the Bloomberg Crypto team is, “everything old is new in crypto.” And what we mean by that is that while there’s a perception that ideas like the blockchain are novel and groundbreaking, the […].
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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
The Paypers
JULY 22, 2022
Bangladesh-based BRAC Bank has signed an agreement with TerraPay to enable faster cross-border payments.
American Banker
JULY 22, 2022
The Paypers
JULY 22, 2022
Cyprus-based payments platform BridgerPay has teamed with ecommerce platform PrestaShop , launching a new module for ecommerce merchants to scale payments.
American Banker
JULY 22, 2022
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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
JULY 22, 2022
FloBiz , an India-based neobank for Small & Medium Businesses (SMBs), has launched its e-invoicing service on its flagship GST invoicing and accounting product myBillBook.
The Paypers
JULY 22, 2022
HSBC has agreed to sell its Russia business to Expobank , signing a deal shortly before Moscow said it would move to block the sale of foreign banks' Russian businesses in retaliation for restrictions imposed on its own lenders.
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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.
The Paypers
JULY 22, 2022
Mahalo Banking , a US-based CUSO that provides online and mobile banking solutions for credit unions, has completed a USD 20 million funding round.
The Paypers
JULY 22, 2022
Australia-based lender ANZ has agreed to a USD 3.3 billion deal to acquire insurer Suncorp ’s banking arm in a bid to boost the size of its mortgage book.
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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
JULY 22, 2022
Canada-based commerce solution company Pivotree has teamed with commerce platform Spryker to offer Commerce-as-a-Service for B2B customers.
The Paypers
JULY 22, 2022
US-based fraud prevention company Signifyd has released a survey, stating that consumers in France have a poorer shopping experience due to security measures.
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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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