Sat.Oct 01, 2022

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Affirm targets offline growth

Payments Dive

The buy now-pay later provider’s chief financial officer said this week its Debit+ card is a key part of Affirm’s strategy to push further into brick-and-mortar sales.

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Does your bank need cyber insurance?

Independent Banker

As digital crime evolves, cyber insurance could be part of the solution. We explore how it can protect banks against financial losses and provide resources in the event of a cyber attack. By Beth Mattson-Teig. Big organizations like Microsoft, Colonial Pipeline and the Red Cross have notably been hit by cybercrime, but in this case, smaller doesn’t necessarily mean safer.

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Convenience store turns to Just Walk Out tech

Payments Dive

Grab & Fly is the latest airport convenience store to use Amazon’s Just Walk Out technology, following a Hudson Nonstop store at Chicago Midway International Airport that debuted last summer.

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Charles Potts: Fighting cybercrime one innovation at a time

Independent Banker

Community banks are at a critical juncture when it comes to cybersecurity. ICBA has extensive knowledge, expertise and education you can tap into to help you chart the path ahead. By Charles Potts, ICBA. Every year, ICBA surveys the industry and its members to identify their top concerns as part of its innovation strategy. Without fail, cybersecurity ranks among the top three, making it a clear priority for our organization.

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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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Visa, Uber issue $1M in grants to small business owners

Payments Dive

The Local Initiatives Support Corporation has selected 100 active Uber Eats partners, who are primarily business owners of color, to receive $10,000 grants.

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Visa exec talks the future of banking, ATM evolution

ATM Marketplace

Clinton Cheng, VP, global head of Visa/PLUS ATM Network, took a deep dive into banking during the closing keynote at the Bank Customer Experience Summit.

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Rebeca Romero Rainey: Prepare your cyber defenses

Independent Banker

Photo by Chris Williams. “While there’s no cyber or data security silver bullet, by bringing the theoretical into a true banking environment, we can begin to establish action plans that speak to real-world attacks.”. Cyber and data security have long been areas of emphasis for community banks, but in today’s escalating digital environment, that focus has grown.

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SIX and Prometeia team up to support advisory professionals with a Product Risk Indicator (PRI)

Bobsguide

SIX, the Swiss leading financial data vendor, joins forces with Prometeia , a global provider of advanced analytics, software solutions and consulting services, to offer a risk indicator that aims at complementing existing regulatory risk ratings for all asset classes. Prometeia and SIX have entered into a long-term collaboration that involves Prometeia providing SIX the calculation capabilities for a product risk indicator (PRI) for securities that do not fall into the scope of PRIIPs (Packaged

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Lindsay LaNore: How to beat burnout

Independent Banker

Illustration by Tommy/iStock. The leading causes of burnout include dealing with unclear expectations, and feeling overworked, underappreciated or unsupported by a manager or team. Combat burnout by renewing your bank’s focus on well-being. By Lindsay LaNore, ICBA. Among its many side effects, the COVID-19 pandemic has made us hyperconscious of worker safety.

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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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Why Should You Choose NPS As A Tax-Saving Investment?

BankBazaar

Are you struggling to save money for your post-retirement days? And also, does the idea of investments leave you troubled? We’ve got a superb solution to your worries. Read on to know more about it. Have you just stepped into the shoes of an employed professional? With retirement not around the corner, it is quite easy to put off retirement planning till late.

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Data privacy: How to keep customer data safe

Independent Banker

Shielding sensitive customer information from prying eyes remains a chronic industry challenge. But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. By Katie Kuehner-Hebert. Data privacy and security is a hot topic and is only getting hotter.

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Payment innovations remain Apple’s top FinTech priority | Deutsche Boerse to issue digital securities | Digital Euro will not be available until 2026

Bussman Advisory

FinTech Ecosystem Insights by Bussmann Advisory is our weekly newsletter with over 40’000 subscribers across different social media channels, summarizing relevant news and reports related to ecosystems around disruptive technologies, highlighting key updates from the industry as well as our portfolio companies: Payment innovations remain Apple’s top FinTech priority Deutsche Boerse to issue digital securities on blockchain-ready platform Digital Euro will not be available until 2026.

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Winning through words

Independent Banker

North Easton Savings Bank president and CEO Rich Spencer (left) with recipients of the bank’s annual college scholarships. College-bound high school students in Massachusetts were asked to complete essays about the intrinsic value of community banks for a chance to win a scholarship from North Easton Savings Bank. By Paul Sisolak. The testimonials written by local high school students were worth their weight in gold to North Easton Savings Bank.

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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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Banks push digital apps in wake of Hurricane Ian

BankInovation

Bank of America, Fifth Third, Truist and Wells Fargo are directing clients affected by Hurricane Ian to online and mobile apps for 24/7 access to banking. The hurricane, which made landfall in Florida on Wednesday with Category 4 winds, has left more than 1.8 million people without power in at least 20 counties in the […].

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Clear Mountain Bank reaches new heights

Independent Banker

An event at EMS in June brought together (L–R) Clear Mountain Bank president/CEO Dave Thomas, ICBA president Rebeca Romero Rainey, FHLBank Pittsburgh president/CEO Winthrop Watson, and Tim Critchfield, EMS owner/president. The West Virginia community bank is helping small-business customers get the financing they need while continually seeking new ideas to plan for its own future.

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FICO Safe Driving Score Measures Driver Risk

FICO

Home. Blog. FICO. FICO Safe Driving Score Measures Driver Risk. What are the top characteristics that help drivers achieve a good FICO ® Safe Driving Score? FICO Admin. Tue, 07/02/2019 - 20:36. by Can Arkali. expand_less Back To Top. Fri, 09/30/2022 - 15:00. Traffic collisions result in over 1.3 million fatalities globally every year and leave tens of millions with non-fatal injuries.

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Hispanic Heritage Month Spotlight: Bertha Rozier of Popular Bank

PopularBank

Bertha Rozier of Popular Bank: “The way I look and speak is unapologetically me”. Bertha Rozier joined Popular Bank in early 2022 as head of U.S. Transformation and Retail Banking. As part of our Hispanic Heritage Month spotlight, she shares her story on her Cuban roots, her journey to corporate leadership and embracing individuality. Where you come from is simply a starting point.

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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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Amazon partners Lendistry for the Amazon Community Lending programme

The Paypers

Amazon has partnered US-based Lendistry in order to launch the Amazon Community Lending programme, which will help small businesses grow.

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Some Clover merchants suffering 'intermittent issues'

American Banker

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The US to include crypto in cybersecurity bill

The Paypers

Two US senators have introduced a bill aimed at helping cryptocurrency companies report cybersecurity threats.

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Why Silicon Valley Bank is betting on buy now/pay later for businesses

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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Crypto.com gets regulatory approval in France

The Paypers

Crypto.com , a cryptocurrency platform, has been registered in France as a Digital Asset Service Provider (DASP) by the Autorité des marchés financiers (AMF).

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Credit union museum gives women leaders a long overdue spotlight

American Banker

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Newtek selects Apiture Digital Banking Platform

The Paypers

Newtek , an internally managed business development company (BDC), has selected the Apiture Digital Banking Platform to support the digital capabilities of Newtek Bank.

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Venture debt, events, APIs: Small-business neobanks get creative

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.