Mon.Jan 09, 2023

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Will PayPal get a new CEO?

Payments Dive

The digital payment pioneer’s CEO Dan Schulman faces speculation about his exit. “We think he could move on from PayPal, legacy intact,” one analyst team wrote.

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Banks Urge SBA to Keep Ban on Fintech Lenders

Banking Exchange

Entities that are not federally regulated should not be allowed to make SBA-approved loans, industry groups argue Compliance Feature3 Feature Compliance Management Compliance/Regulatory Small Business PPP Covid19.

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Recession-proofing a business starts in the accounts payable department

Payments Dive

How AP Automation can help you survive and thrive during times of economic uncertainty.

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IoT Buyers' Guide

ATM Marketplace

IoT can scale as far and wide as its connectivity and data security will allow — from the tiniest devices featuring built-in wireless connectivity to HD video surveillance systems, enabled by cellular routers or gateways. The potential is there, but choosing the right solutions requires careful consideration.

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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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Nuvei to acquire Paya for $1.3B

Payments Dive

Nuvei’s acquisition of the Atlanta company will strengthen its position in global e-commerce, integrated payments and B2B, CEO Philip Fayer said Monday.

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Cargo payment firms duel in court

Payments Dive

CargoSprint and PayCargo have battled for years over antitrust violations, intellectual property and trademark infringement, among other nettlesome issues.

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FTC seeks to ban non-compete agreements

CFPB Monitor

Following an announcement last year that the Federal Trade Commission (FTC) would use Section 5 of the FTC Act to aggressively police conduct it deems unfair (see our Legal Alert ), the Agency kicked off the new year with two.

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Goldman Sachs to start cutting up to 3,200 jobs this week

TheGuardian

Redundancies expected to be concentrated in investment banking division and consumer arm Goldman Sachs is expected to start one of the biggest rounds of redundancies in its history this week, with as many as 3,200 jobs to go as it looks to cut costs. The bank is expected to begin informing people that they will lose their jobs on Wednesday. Continue reading.

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Banks Swing into M&A Action as 2023 Begins

Banking Exchange

First National of Nebraska and Renasant Bank have announced deals, while Brookline and United Community Banks have completed acquisitions Management Feature M&A Feature3 Community Banking.

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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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Stressed gilt market conditions shine spotlight on UK DB pensions

The Banker

The gilt market spiral in September, which created a material risk to UK financial stability, has brought defined benefit pension schemes under greater regulatory scrutiny. By Francis Richard Pereira.

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Neobank Ruuky files for bankruptcy 

The Paypers

Germany-based neobank Ruuky has filed for bankruptcy because of a failed round of financing.

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Movers and Shakers: NatWest Group names chief payments officer

BankInovation

NatWest Group named Mark Brant as its chief payments officer effective Jan. 16. Brant will report to Chief Executive for Commercial & Institutional and Group Executive for Payments Paul Thwaite. He succeeds Rupert Keeley, who led the $944 billion, Edinburgh, Scotland-based bank’s payments center of expertise on an interim basis, according to a release.

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Little Birdie partners with Bud for Open Banking

The Paypers

UK-based bills manager Little Birdie has partnered with Bud to help customers tackle the increasing costs of subscriptions with Open Banking.

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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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Google Cloud predicts 4 trends driving change for financial services in 2023

BankInovation

This year the financial industry is in for big changes. Financial institutions that successfully expanded digital versions of their products and services to deal with COVID-19 are figuring out ways to bring value-added personal touches to online finance. New fintechs launched products, seeking growth over profitability, a strategy almost certain to change.

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Central bank digital currencies make headway, but can they coexist?

American Banker

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Grapple secures USD 35 mln

The Paypers

Australia-based fintech and SME financier Grapple has secured USD 35 million to accommodate surging demand and take-up of its financing solutions, according to Australian Fintech.

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Nuvei in $1.3 billion deal to acquire Paya

American Banker

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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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Grab integrates ZaloPay's cashless solution in Vietnam

The Paypers

Singapore-based superapp Grab has partnered with Vietnam-based e-wallet ZaloPay to add a cashless payment method in Vietnam to its portfolio.

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How to apply for The Most Powerful Women in Credit Unions: Next

American Banker

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Alipay+ pushes QR code payments for Asian customers

The Paypers

Alipay+ , China’s tech giant Ant Group payment solution, has planned to enable greater QR code payments connectivity for Asian tourists in the Chinese mainland.

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Basel committee has outsize influence over American banks

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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NorthOne introduces real-time payments

The Paypers

US-based challenger bank NorthOne has joined The Clearing House ’s real-time payment network in partnership with The Bancorp Bank.

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Metropolitan Commercial Bank is closing down its crypto business

American Banker

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NALA expands in the EU

The Paypers

Tanzania-based fintech company NALA that enables payments to Africa has expanded into Europe by adding 19 European Union countries to its send markets’ list.

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Crypto startup funding falls to lowest level in almost two years

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.