Buy now/pay lenders lenders focus on niches hit hard by inflation
American Banker
FEBRUARY 8, 2023
Wed.Feb 08, 2023
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Understanding The Current Yield Curve Shape
South State Correspondent
FEBRUARY 8, 2023
After last week’s FOMC rate increase of 25 basis points, the yield curve is more inverted than at any time in the previous 30 years. The current yield curve presents various challenges for community bankers for revenue generation and risk management. In this article, we will outline the significance of the yield curve shape and what it may portend for community banks.
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Jack Henry touts FedNow launch
Payments Dive
FEBRUARY 8, 2023
In July, the company expects to become the first payments processor to launch the Federal Reserve’s new real-time service.
So You Want to Be a Venture Capitalist: Best Practices for Community Banks Investing in Fintech Startups
Gonzobanker
FEBRUARY 8, 2023
Fintech startups looking for funding in 2023 are finding that it isn’t as easy as it was a few years ago. According to CB Insights, fintech funding in the U.S. totaled $3.9 billion in Q4 2022, down 79% from Q4 2021. The total number of deals funded dropped from 423 in Q4 2021 to 342 in Q4 2022, representing a 73% decline in the average funding amount per raise from $43 million down to $11.4 million.
Digital Transformation: Accelerating ROI and Growth in Commercial Lending
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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
New Visa CEO snags 27% salary increase
Payments Dive
FEBRUARY 8, 2023
The new top executive, Ryan McInerney, and other executives at the card network company also received multi-million-dollar stock awards.
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State of Insurtech 2022 Report
CB Insights
FEBRUARY 8, 2023
Insurtech investment activity in 2022 pulled back sharply after a record-breaking year in 2021. Annual funding fell 53% from $17.8B to $8.4B, while deals fell 17% from 697 to 579. While a steep fall compared to the previous year, the annual totals for 2022 were not far off those for 2020. However, investment activity has continued to slow. Q4’22 funding only reached $1B — the lowest quarterly total since Q2’18 — and deals were down 28% QoQ at just 106.
Treasury report: ‘Significant’ challenges remain to banks’ optimal cloud services use
ABA Community Banking
FEBRUARY 8, 2023
Treasury plans to convene an interagency cloud services steering committee to develop closer cooperation among U.S. regulators and develop best practices for cloud adoption frameworks. The post Treasury report: ‘Significant’ challenges remain to banks’ optimal cloud services use appeared first on ABA Banking Journal.
WISeKey secures smart cities
The Paypers
FEBRUARY 8, 2023
Switzerland-based cybersecurity, AI and IoT company WISeKey has announced that its semiconductors, NFTs, post-quantum and blockchain solutions are used to secure smart cities.
Apple expands testing of ‘buy now, pay later’ service to retail employees
BankInovation
FEBRUARY 8, 2023
Apple Inc. has expanded an internal test of its upcoming “buy now, pay later” service to the company’s thousands of retail employees, a sign the long-awaited feature is finally nearing a public release.
The State of Automation in Financial Services 2024 Report
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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
Oracle launches Oracle Banking Cloud Services
The Paypers
FEBRUARY 8, 2023
Oracle , a US-based cloud technology company, has launched Oracle Banking Cloud Services, a new suite of componentised, composable cloud native services.
US Bank launches automated direct deposit switching
BankInovation
FEBRUARY 8, 2023
U.S. Bank has rolled out automated direct deposit switching capabilities, allowing customers to connect or switch their payroll deposit account in near-real time. The feature is available to U.S.
HM Treasury and the Bank of England consider introducing a CBDC
The Paypers
FEBRUARY 8, 2023
The Bank of England and HM Treasury have published a new paper that explores the introduction of a central bank digital currency.
Webinar Recap: Refresh Your Marketing With These Trends
Image Works Direct
FEBRUARY 8, 2023
The changing of a calendar year is a great time to reexamine and refresh your marketing approaches, so our team hosted a webinar focused on that exact topic.
Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance
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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.
GoCardless grants access to its global bank payment network
The Paypers
FEBRUARY 8, 2023
Global company activating in the field of direct bank payments, GoCardless , has recently launched GoCardless Embed , an integration for third party payment providers who can now access its global bank payment network.
DHL, Cainiao partner for OOH delivery in Poland
The Paypers
FEBRUARY 8, 2023
Germany-based DHL eCommerce Solutions , the logistics specialist of DHL has partnered logistics arm of Alibaba Group, Cainiao Network , to improve out-of-home (OOH) delivery in Poland.
Register Now: Sneak Peek Into Close Automation SkyStem Web Demo
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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.
APEXX partners with CarTrawler to boost payments acceptance
The Paypers
FEBRUARY 8, 2023
Global payments orchestration platform APEXX has partnered with B2B car rental software provider CarTrawler to augment the latter’s legacy payment software system.
Trustly, Cross River, and PointsBet to roll out Instant Payouts in the US
The Paypers
FEBRUARY 8, 2023
Sweden-based fintech Trustly has partnered with Cross River and online gaming operator PointsBet to provide players Instant Payouts across the US.
BofA will bundle cost of charging stations into electric-vehicle loans
American Banker
FEBRUARY 8, 2023
Top 10 Benefits of Automating Loan Modifications for Commercial Lenders
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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.
Freedom Finance offers 22 more products in its digital lending marketplace
The Paypers
FEBRUARY 8, 2023
UK-based digital lending marketplace Freedom Finance has added lending products from the likes Santander , ASDA Money , Admiral , and others.
Banxa partners MetaMask to improve Web3 access
The Paypers
FEBRUARY 8, 2023
Payment service provider and regtech platform Banxa has partnered MetaMask in order to simplify cryptocurrency purchasing.
2024 Lending Outlook: Innovations and Evolutions in the Financial Sector
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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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