Accenture
JUNE 22, 2022
Banks in Europe need to prepare for the biggest set of regulatory changes since the aftermath of the 2008 global financial crisis. They’ll soon have to comply with sweeping sustainability rules drafted by national governments and financial services regulators. The impact of the proposed sustainability requirements will be one of the major forces shaping the….
Payments Dive
JUNE 22, 2022
A shareholder who is also a state official and candidate for Congress urged the card giant’s board to issue a report related to untraceable guns, but the proposal didn’t win enough support to pass at the company’s annual meeting Tuesday.
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Accenture
JUNE 22, 2022
The technology behind lending systems has advanced significantly in recent years, and commercial banks are keen to take advantage of those advances and improve their processes to unlock the value that modern systems can provide. Over the past five years, a majority of large banks have either replaced their servicing system or are considering an…. The post How to manage risk for a successful implementation appeared first on Accenture Banking Blog.
Payments Dive
JUNE 22, 2022
The direct-to-consumer lifestyle brand is betting big on Web3 technology, although U.S. data suggest minimal usage of crypto for purchasing goods.
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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
South State Correspondent
JUNE 22, 2022
Every bank wants to be “innovative,” but the truth is innovation is difficult. Add to that a bank’s resource constraints, compliance demands, budget goals, legacy IT infrastructure and talent gaps, and innovation for a bank is extremely difficult. When it comes to bank innovation, it pays to have a methodology in which to think about product design and improvement.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
TheGuardian
JUNE 22, 2022
Changpeng Zhao says people would have been happy with current $20,000 value four years ago Bitcoin could stay below its historical high of $69,000 for the next two years after the latest digital asset market rout , according to the chief executive of the world’s largest cryptocurrency exchange. Changpeng Zhao, founder and chief executive of Binance, said people would have been “very happy” four years ago had they been told that bitcoin would be trading at $20,000 in 2022.
CFPB Monitor
JUNE 22, 2022
CFPB rulemaking was the subject of a new blog post by Director Chopra published last week titled “Rethinking the approach to regulations.”. Director Chopra first discussed the CFPB’s efforts “to move away from highly complicated rules that have long been a staple of consumer financial regulation and towards simpler and clearer rules.” He indicated that the CFPB “is dramatically increasing the amount of guidance it is providing to the marketplace, in accordance with the same principles.”.
TheGuardian
JUNE 22, 2022
Crypto giant Celsius is freezing out users as it tries to solve a mammoth lending crisis. So what happens if money in the bank isn’t really there? Don’t get TechScape delivered to your inbox? Sign up for the full article here If you have a $1,000 balance at Celsius – the crypto bank that froze withdrawals last week, triggering the latest phase of the crisis in the sector – how much money do you have?
BankBazaar
JUNE 22, 2022
Did you ever wish you were a superhero? The Hulk, Spiderman, or Batman, maybe? Yes, we all did at some point! But what you didn’t know or probably still don’t know, is that you might have a superpower you are already using without even knowing it! So, let’s get started…we bet you’re dying to know what superpower has left billionaires themselves wanting!
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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
Bobsguide
JUNE 22, 2022
Interswitch, Africa’s leading integrated payments and digital commerce company, and Compass Plus Technologies, an international provider of retail banking and electronic payments software, have announced a partnership to further strengthen Interswitch’s payment card processing capacity in Africa. The strategic partnership will see Interswitch utilise TranzAxis, an award-winning, token-based, cloud-native and API first open development payments platform developed by Compass Plus with innovation a
TheGuardian
JUNE 22, 2022
New subcommittee will scrutinise plans to change how watchdogs supervise the UK’s financial sector Cross-party MPs are forming a special group to scrutinise post-Brexit rules for City firms, amid concerns that the overhaul could result in a regulatory race to the bottom. The new subcommittee, which will be run by Treasury committee members and advised by a panel of experts, is meant to make up for the fact that new rules are no longer being dissected by politicians from the European parliament’s
Bobsguide
JUNE 22, 2022
Andrew Elmore has been appointed as Chief Technology Officer at AutoRek in May 2022. Elmore comes with significant experience as CTO of PagoFX and in C24 Technologies during its sale to Gresham in 2016. He has extensive financial services knowledge gained from previous roles including Head of Technical Architecture at PagoNxt, VP Engineering at Velo Payments and heading up development at SmartStream.
The Paypers
JUNE 22, 2022
Kernolab , a Lithuania-based fintech startup focused on helping businesses drive value through embedded finance solutions, has partnered with Ondato for all KYC compliance capabilities.
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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.
Bobsguide
JUNE 22, 2022
London, UK, June 22, 2022 – Finastra today announced a strategic partnership with ITC Infotech to deliver Finastra’s Fusion Kondor cloud-based Treasury as a Service solution to its growing customer base in Europe. Customers will benefit from increased automation of treasury services, an evergreen system that keeps pace with regulatory change, and rapid time to go-live for new features and functionalities.
PopularBank
JUNE 22, 2022
While the last time you used a check to pay a bill may have been months – or even years – ago, you may be surprised to find that you can still be a victim of checking fraud. Here are some of the more common types of checking fraud, how to identify fake check scams, and what to do if you become a victim. Types of checking fraud. There are many different forms of checking fraud.
BankInovation
JUNE 22, 2022
Truist has unveiled its Innovation and Technology Center, a research- and client collaboration-focused facility located at the bank’s Charlotte, N.C., headquarters. The 100,000-square-foot space is $544 billion Truist’s latest banking automation and innovation play, with technology research hubs and collaborative workspaces for the bank’s technologists, alongside a client contact center.
FICO
JUNE 22, 2022
Home. Blog. FICO. 6 Digital Transformation Trends Highlighted at FICO World 2022. From BNPL to automated decisions with a human face, digital transformation trends are changing the way businesses work. FICO. Tue, 07/02/2019 - 02:45. by FICO. expand_less Back To Top. Wed, 06/22/2022 - 12:30. Innovation in digital transformation and emerging trends were firmly front-of-mind this year at FICO World 2022.
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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.
BankInovation
JUNE 22, 2022
Iowa-based TS Banking Group has selected Temenos Banking Services delivered on the Temenos Banking Cloud for “a complete digital transformation.” TS Banking Group will migrate “the entirety of its banking operations” to Temenos’ platform, the bank holding company said in a release. “The Temenos Banking Cloud will provide us with the agility of a challenger […].
Bank Activities
JUNE 22, 2022
By Zoran Temelkov June 2022. Kellogg Company (NYSE: K), maker of the popular Frosted Flakes, Rice Krispies and Eggo, announced that it would split its operations into three new companies, respectively focused on cereal, snacks, and plant-based foods. The company expects its spinoff to be completed by the end of the next year. Kellogg Co. plans to spin its U.S., Canadian, and Caribbean cereal and plant-based businesses, which bring nearly 20% of the company’s net sales in 2021.
The Paypers
JUNE 22, 2022
The Sella Group has introduced the Metaverse 4 Finance Accelerator, reportedly representing the first Italian acceleration programme.
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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
JUNE 22, 2022
Bulgaria-based POS system Phos has partnered with acquirer Paynt to deliver a white label SoftPos app for payment service resellers.
The Paypers
JUNE 22, 2022
Key engagement banking platform provider Backbase has partnered with Bahrain FinTech Bay (BFB) as part of BFB's Venture Acceleration Platform, according to zawya.com.
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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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