BankInovation
JANUARY 28, 2022
Topping the news for fintech funding this week are two unicorns: a California cryptocurrency asset-tracking platform provider and a New York credit-building platform provider, both of which reached valuations of more than $1 billion. And, two London-based fintechs, one in crypto business trading services and the other in investment management, had nearly identical $59 million […].
ATM Marketplace
JANUARY 28, 2022
Is cash dying? What is the actual state of cash? Read more to find out.
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BankInovation
JANUARY 28, 2022
In this Weekly Wrap episode of “The Buzz” podcast, the Bank Automation News editors drill down on technology spending at banks. After the COVID-19 pandemic led to a holding pattern for IT budgets in 2020 and the first half of 2021, tech spending is on the rise again with large banks increasing or planning to […].
TheGuardian
JANUARY 28, 2022
Charges were brought in 2016 against London-based Gavin Black and New York colleague Matthew Connolly A US court has overturned the conviction of two former Deutsche Bank traders for allegedly rigging the London Interbank Offered Rate (Libor). A three-judge panel from the second US circuit court of appeals in Manhattan ruled the US government “failed to show that any of the trader-influenced submissions were false, fraudulent or misleading”.
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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
JANUARY 28, 2022
The BSTX exchange won approval from U.S. regulators for a plan to use blockchain technology to fuel key aspects stock trading. The approval, announced on the SEC’s website late Thursday, is being hailed by some as a milestone in a push for regulated crypto markets. However, the SEC said in its filing that the go-ahead […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankInovation
JANUARY 28, 2022
The $187 billion Citizens plans to increase its technology spend this year although, like other large banks, the bank declines to reveal any numbers. "Overall, it [tech spend] is increasing; we're definitely spending more year over year," Michael Ruttledge, chief information officer and head of technology services at Citizens, told Bank Automation News.
The Paypers
JANUARY 28, 2022
PayPal has expanded its ‘Pay Later’ solution in Germany with a new payment option, ‘Payment after 30 days’
FICO
JANUARY 28, 2022
2022 FICO Decisions Award Winners - Decisions That Matter. I am thrilled to announce the winners of the 2022 FICO® Decisions Awards. . This year we have 11 winners across 8 award categories representing companies from every corner of the globe. Many entries this year demonstrated innovative use of technology and creative thinking to respond to the challenges of the pandemic.
Bussman Advisory
JANUARY 28, 2022
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: UBS re-enters digital wealth with $1.4B Wealthfront takeover SAP to buy U.S.
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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
PopularBank
JANUARY 28, 2022
We are thrilled to welcome Adam Dejak as National Director of Residential Lending for Popular Mortgage. Based in New York, Adam will oversee our residential mortgage lending 1 business and will be responsible for driving growth and development of the entire program, cultivating talent, and continuing to expand our mortgage loan options. Deep industry expertise and a commitment to giving back.
FICO
JANUARY 28, 2022
Just as Black Friday and Cyber Monday drive peak volumes in retail sales, both in stores and online, they also drive peak volumes for FICO. Businesses around the world depend on our hosted services for everything from new account onboarding to transaction monitoring and fraud protection, and transaction volumes soar during the busy holiday period. This is when the stability of the FICO network shines.
The Paypers
JANUARY 28, 2022
UK-based startup Fintech Farm has raised over USD 7 million to launch neobanks in eight countries until 2024.
CB Insights
JANUARY 28, 2022
Darwinbox , a human resource management software (HRMS) provider, has raised $72M in a Series D. The round drew participation from Technology Crossover Ventures, Salesforce Ventures, Lightspeed India Partners, and Sequoia Capital India, among others. How’s the company performing? India-based Darwinbox provides software that covers everything from recruitment processes to performance management.
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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
JANUARY 28, 2022
Hong Kong-based Bank of East Asia has declared it intends to buy back 8.43% of its total issued shares worth USD 372.65 million owned by Elliot Investment Management 's affiliated entities, Reuters states.
ABA Community Banking
JANUARY 28, 2022
The CFPB today released the lists of rural counties and rural or underserved counties that entities can use in 2022 to determine whether they are exempt from certain regulatory requirements of the Truth in Lending Act. The post CFPB Releases 2022 Lists of Rural, Underserved Counties appeared first on ABA Banking Journal.
The Paypers
JANUARY 28, 2022
Romania and Latvia are among the latest European countries to launch analytical work on updating their respective regulations for the cryptoasset and blockchain industry.
ABA Community Banking
JANUARY 28, 2022
The Federal Reserve today announced the members of its 2022 Community Depository Institutions Advisory Council, which includes several ABA member bankers. The post ABA Members Named to 2022 Fed Advisory Council appeared first on ABA Banking Journal.
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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
JANUARY 28, 2022
UK-based retailer Marks and Spencer has announced the delivery of a live shopping experience as the company aims to adapt new digital innovations.
The Paypers
JANUARY 28, 2022
Ukrainian startup Finmap has announced the completion of a new round of funding, bagging USD 1.2 million from local and foreign investors, including BRISE Capital and Sturgeon Capital.
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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
JANUARY 28, 2022
Germany-based Banking-as-a-Service platform Solarisbank and the Contis Group have announced that they have successfully completed their partnership announced in 2021.
The Paypers
JANUARY 28, 2022
US-based Western Alliance bank has completed the acquisition of payments platform Digital Disbursements to offer customisable pay menus into settlement claim forms.
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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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