Payments Dive

JANUARY 11, 2023

U.S. fintech funding for the fourth quarter of 2022 was down nearly 80% compared to the same quarter in 2021, CB Insights said Wednesday.

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Fintech 367

South State Correspondent

JANUARY 11, 2023

Many banks work hard to have a low-cost deposit base only to undermine their efforts. One of the biggest mistakes bank make when pricing deposits is advertising an above-market rate, thereby shortening deposit duration and increasing negative convexity for that one account and the whole product offering. This subtle distinction might be lost on many inexperienced bankers, and it is worth a review – while the rate impacts an account, the mere advertising also affects the account.

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Training Marketing Capital Course 195

Abrigo

JANUARY 11, 2023

Large sporting events like the Super Bowl exacerbate human trafficking Financial institutions may see increased signs of human trafficking during the upcoming Super Bowl. Know the red flags to watch for. . You might like this upcoming webinar, " Human trafficking awareness: Detecting, reporting, and partnering for survivors." Register now. Takeaway 1 A consistent spike in reported incidents around January and February points to the Super Bowl as a hot spot for human trafficking.

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Training Software Tampa Regulation 195

South State Correspondent

JANUARY 11, 2023

In a previous article ( HERE ), we analyzed industry performance and demonstrated that the average five-year net interest margin (NIM) and return on assets (ROA) are unrelated. The correlation coefficient (R 2 ) between these two variables is NEGATIVE 0.02 (essentially no explanatory relationship). This lack of connection has been a general observation in the banking industry for decades.

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Community Bank Community Analysis Industry 195

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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

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Payments Dive

JANUARY 11, 2023

With its expansion in the U.S. and markets less susceptible to a decline in consumer demand, Nuvei is adding protection against a downturn.

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Marketing 221

Payments Dive

JANUARY 11, 2023

The company aims to improve the safety of its staff, who take drive-thru orders and payments outside, CEO Michael Oslanoo said at ICR.

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Payments Company 221

ABA Community Banking

JANUARY 11, 2023

Meet Saleem Iqbal, ABA’s Community Bankers Council chair. The post ‘My hobby is banking’ appeared first on ABA Banking Journal.

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Community Meeting Community Bank Leadership 111

Payments Dive

JANUARY 11, 2023

With help from Saas platform BigCommerce, the e-commerce giant is even looping sellers outside its own marketplace into its ecosystem.

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US 221

TheGuardian

JANUARY 11, 2023

Consumers have got used to poor returns on savings accounts, but there are now better deals If you are one of the millions of people whose savings are languishing in an account paying little or no interest, it might be time to act because you could be earning 4.25%, or more on your cash. Earlier this week the Coventry building society warned that Britons have a collective £268bn sitting in easy and instant access accounts paying no interest – an increase of more than £9.6bnon a year ago.

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95

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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

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Payments Dive

JANUARY 11, 2023

Vice President Kamala Harris has said opening the SBA’s flagship lending program to fintechs would increase loans in underserved markets.

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Fintech Lending Marketing 195

Banking Exchange

JANUARY 11, 2023

Pivot away from digital assets has been in the works since 2017, says Metropolitan Commercial’s CEO Risk Management Blockchain Bitcoin Cryptocurrency Feature Duties Feature3 Technology Digital.

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Risk Management Bitcoin cryptocurrency blockchain 78

CFPB Monitor

JANUARY 11, 2023

On January 4, 2023, Colorado Attorney General Phil Weiser announced settlements with two state-chartered credit unions, Bellco Credit Union (“Bellco”) and Canvas Credit Union (“Canvas”), over Guaranteed Automobile Protection (commonly referred to as Guaranteed Asset Protection, or “GAP”) refunds. An.

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Colorado 78

Banking Exchange

JANUARY 11, 2023

First Business Bank has a new CEO, and there are new leaders at the FDIC and NY Fed Management Feature Human Resources Feature3 CSuite.

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FDIC Resources Management 78

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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.

Lending

CFPB Monitor

JANUARY 11, 2023

On August 15, 2022, the California governor signed SB 633 into law, expanding the obligations of creditors obtaining the signatures of more than one person on a consumer credit contract, including a motor vehicle lease, who do not receive any.

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California 78

The Paypers

JANUARY 11, 2023

UAE-based multi-service app Careem Pay has partnered with Lulu Exchange to launch international remittances in the former’s platform.

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BankInovation

JANUARY 11, 2023

FinWise Bank chose core banking provider Finastra in December to help update its infrastructure and enhance customer experience. Sandy, Utah-based FinWise aims to use the Fusion Phoenix core banking solution from London-based Finastra to expand its retail and lending business through Finastra’s cloud-based solution, Keith Redding, chief revenue officer of universal banking at Finastra, told […].

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Phoenix Utah Customer Experience Lending 52

The Paypers

JANUARY 11, 2023

Cryptocurrency payment processor CoinGate has partnered with global SaaS platform Wix to enable crypto payments for merchants.

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Payments cryptocurrency 67

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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.

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BankInovation

JANUARY 11, 2023

U.S. Bank executives attend the Consumer Electronics Show to discover new technology that could have applications within the financial services industry – tech the bank’s innovation teams should pursue. Last week at the consumer technology event Las Vegas, U.S. Bank Chief Innovation Officer Don Relyea and Head of Applied Foresights Todder Moning explored metaverse technologies, […].

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Las Vegas Innovation US Technology 52

The Paypers

JANUARY 11, 2023

Sensedia has announced that its API Open Finance Solution that supports companies to adhere to Financial Data Exchange (FDX) specifications is now available in AWS Marketplace.

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Data Company 41

The Banker

JANUARY 11, 2023

It is tempting to dismiss the UK government’s plans to scrap banker bonus caps, reintroduce a competitiveness mandate for regulators and to potentially dilute conduct rules to turbo charge the City of London’s growth as a return to casino capitalism. The reality is somewhat more nuanced. By Justin Pugsley.

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Capital Regulation 36

The Paypers

JANUARY 11, 2023

Canada-based store experience platform Tulip has announced that its omnichannel and enterprise-grade POS now supports the Tap-to-Pay option on iPhones , based on its latest partnership with Adyen.

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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.

Compliance

American Banker

JANUARY 11, 2023

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Policies Compliance Regulation 85

The Paypers

JANUARY 11, 2023

US-based marketplace for peer-to-peer loans HelpPays has integrated with fintech KyckGlobal to gain access to global payment networks and expand disbursement options.

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Payments Fintech US 36

American Banker

JANUARY 11, 2023

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Management 83

The Paypers

JANUARY 11, 2023

Switzerland-based payment app TWINT has partnered fintech NetGuardians to bolster fraud mitigation with real-time transaction monitoring through its AI software.

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Fraud Software Fintech Payments 36

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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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