Tue.Feb 08, 2022

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Transforming banking to adapt to the new world

Accenture

Ten years ago, the word “bank” evoked imagery of long lineups, heavy paperwork and months-long processing time. Fast-track to today, and customers want a one-stop solution to cater for an “on the move” lifestyle. Boundaries between differentiated services have blurred and customers’ expectations of banks go beyond their conventional financial needs to encompass all realms….

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7 Takeaways: “How GM Financial Elevates the Customer Experience With Journey Science”

Perficient

Perficient’s Kevin Colletti recently joined forces with Srini Alagarsamy and Patrick Daly from GM Financial, as well as Adobe’s Chris Young to present the webinar, “How GM Financial Elevates the Customer Experience with Journey Science.” In the webinar, the panelists discussed how having a firm grasp on journey science can help personalize the customer experience.

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10 NBFI AML Compliance Essentials

Abrigo

What NBFIs Should Know About Their AML Programs NBFI AML compliance requirements are top of mind in today's regulatory environment. Here are 10 basics to ensure a sound program. You might also like this downloadable Customer Due Diligence Checklist. DOWNLOAD . Takeaway 1 NBFIs are agile and innovative and are competing head-to-head with traditional financial institutions.

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The Bank Legacy Is Dead: Long Live the Fintech Collision

Gonzobanker

While AOBA 2022 had its share of execs wanting to “fake it until they make it” with future innovation, credit is due to the bankers who are pouring real financial investment into new fintech experiments. It’s been a long two years since bankers and investment bankers nationwide made their annual pilgrimage to the Arizona desert for the Acquire or Be Acquired conference – and ohhh man, a completely different world has emerged since the January 2020 get-together!

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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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Listen: How cloud helped manage a modern merger at Truist

BankInovation

Truist Financial was formed through the 2019 merger of BB&T and SunTrust — the largest bank merger in the past 20 years — and is the first substantial merger with a full digital component. The Charlotte, N.C.-based Truist faced the added challenge of merging just before the pandemic started, Ken Meyer, Truist’s chief information officer […].

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Fiserv touts bank and fintech partnerships, 11% revenue growth in Q4 earnings

BankInovation

Core provider Fiserv’s market strategy continues to focus on bank partnerships and fintech acquisitions as revenues grow and development picks up speed. Financials were in line with expectations, Fiserv Chief Executive Officer Frank Bisignano said during today’s fourth-quarter earnings call. Adjusted revenue was $4 billion, up 11% year over year. Financial technology revenue clocked in […].

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Will countries adopt bitcoin as official currency?

ATM Marketplace

Will countries begin to adopt bitcoin as official currency? Some already are making the leap.

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Varo Bank’s Pepe Porrata to speak at Bank Automation Summit

BankInovation

Pepe Porrata, chief operating officer at Varo Bank, will join a panel on “Ideation in Banking — the Art of Generating New Products and Services” at Bank Automation Summit 2022 on Wednesday, March 2, at 2:15 p.m. ET at the JW Marriott in Charlotte, N.C. The panel discussion will address how to use design thinking […].

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Snapshift, An HR Platform For Frontline Workers, Raises $45M. Snapshift Competitors Include Skello, Celayix, Legion, And Reflexis Systems.

CB Insights

Snapshift , an HR and workforce management platform, has raised $45M in a Series A that drew participation from Highland Europe, Bpifrance, and UL Invest. How’s the company performing? France-based Snapshift helps retail and hospitality SMEs manage payroll, scheduling, and productivity. The platform is currently used by over 6K customers including, Subway, Spar, Fitness Park, Amorino, Pizza Hut, and Columbus Café The company, which currently has more than 70 employees, aims to increas

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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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UK Cards Report - Holiday Spend and More Missed Payments

FICO

Our analysis of trends for UK cards in December 2021 showed that spend and credit card balances increased, as you would expect for the Christmas period. But with the percentage of payments to balance levelling out and a drop in the numbers of accounts paying the full balance, the data suggests rising living costs could be starting to take effect. Balances continue to increase and percentage of payments to balance stable.

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Safer Internet Day 2022 – It’s all about you!

Tomorrow's Transactions

For Safer Internet Day, I thought I’d bring a Mediterranean theme. As a classicist, I frequently switch between ancient and modern, applying time-tested principles to emerging technologies. Plato had it right on data protection: the price of not participating in public life is to be ruled by less able men. I have heard it said… Continue reading Safer Internet Day 2022 – It’s all about you!

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Lawmakers appear unlikely to limit stablecoin issuance to banks

American Banker

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Netcetera acquires UnionPay Third Party Service certification

The Paypers

Switzerland-based digital payments solutions provider Netcetera has become a UnionPay certified Third Party Service provider and is fully compliant with the UnionPay card network.

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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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Nominations are now open for the Most Powerful Women in Banking: Next 2022

American Banker

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Jack Henry announces new Open Banking strategy for digital transformation

The Paypers

US-based payment processing service Jack Henry & Associates has announced a new cloud-native technology strategy to help community and regional financial institutions innovate faster.

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What Apple's pact with Stripe means for the point of sale

American Banker

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SIPAY partners with INESPAY to offer their payment method Bank Transfer PSD2

The Paypers

Spain-based multi-acquirer PSP Sipay has announced partnering with INESPAY to expand their offer of alternative payment methods including PSD2 Bank Transfer, INESPAY's payment initiation service.

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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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4Q rise in credit card balances was largest on record

American Banker

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Revolut plans to start operations in India in H2 2022

The Paypers

UK-based digital banking services provider Revolut has announced developing a long-term strategy in India, with plans to hire close to 300 people by the end of 2022.

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M&T Bank cuts overdraft fee to $15, scraps other charges

American Banker

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Mastercard expands its Business Intelligence Platform in the MEA region

The Paypers

Mastercard has announced the expansion of its interactive business intelligence platform Mastercard?Market Trends?in the Middle East and Africa.

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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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American Express launches consumer checking with rewards

American Banker

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R3 teams up with ADB to augment cross-border payments across Asia

The Paypers

US-based provider of enterprise technology R3 has partnered with Asia Development Bank (ADB) to make cross-border transaction in APAC more efficient and secure through blockchain.

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FDIC researchers say tech-savvy banks outperformed on PPP loans

American Banker

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Transtura acquires WazoMoney

The Paypers

Nigeria-based ride-hailing and shared mobility company Transtura has completed the acquisition of fintech startup WazoMoney to provide payment solutions to the mobility sector.

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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.