Payments Dive
MARCH 30, 2022
"The CFPB should tailor its approaches to preserve consumers’ and merchants' ability to access a wide variety of installment options and maintain competition among BNPL solutions," Visa said in commenting to the Consumer Financial Protection Bureau.
South State Correspondent
MARCH 30, 2022
Community banks pride themselves on superior customer service. Approximately 90% of all community banks believe that they provide an above-average level of customer service (of course, the math cannot work that way, as half of all banks should be providing a below-average level of customer service). Research by various consultants shows that 80% of companies across industries rate themselves as providing superior service, but only 8% of these companies genuinely deliver such service.
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Payments Dive
MARCH 30, 2022
An integration between public transportation app Transit and mobile ticketing provider Token Transit aims to make these mobile wallet payment methods available to more commuters across the U.S.
South State Correspondent
MARCH 30, 2022
March Jobs Report Not Likely to Move Markets. To the surprise of nobody who’s been paying attention, the feel good news around peace talks yesterday has dissipated today as Russian military activity suggests no real pull back, but rather a feint to buy some time. The markets want to believe the good news stories, but Putin’s objectives for Ukraine remain, so we would fade any market moves off supposed good news from “peace talks” for the time being.
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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
MARCH 30, 2022
Discover announced today that IT consultancy IBM will shift the card provider’s core processes onto a hybrid cloud. IBM will help Discover automate and scale its digital financial solutions, Amir Arooni, chief information officer at Discover, said in the announcement. “As we accelerate our digital transition journey as a leading direct bank and payments company, […].
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankInovation
MARCH 30, 2022
India’s government is considering a proposal from Russia to use a system developed by the Russian central bank for bilateral payments, according to people with knowledge of the matter, as the Asian nation seeks to buy oil and weapons from the sanctions-hit country. The plan involves rupee-ruble-denominated payments using Russia’s messaging system SPFS, the people […].
BankBazaar
MARCH 30, 2022
Here are a few things you may have pending as FY 21-22 ends. Read on to ensure that you wrap things up and start FY 22-23 on a good note! What a year it’s been for money. With COVID-19 still looming over us, it certainly hasn’t been easy. Lots of highs and lows across industries. How did you handle your finances? Amidst all the chaos, if you missed something important, we’re here for you.
BankInovation
MARCH 30, 2022
Driveway.com will be the first online auto dealer to offer real-time payments (RTP) to sellers, the result of a new partnership with U.S. Bank announced last week that leverages The Clearing House’s RTP Network. A pilot is currently underway with Driveway customers in the Portland area and will roll out to all customers after the […].
Bobsguide
MARCH 30, 2022
Global Finance recognizes multibanking and payments solution leader with World’s Best Treasury & Cash Management Systems & Services Award. Fides Treasury Services Ltd. , the global leader in multibank connectivity and communications, has received this year’s World’s Best Treasury & Cash Management Systems & Services award for Best Cross-Border Payments Solution for Corporates from Global Finance.
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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
ABA Community Banking
MARCH 30, 2022
While many larger banks have created "chief diversity officer" roles over the past several years, that role has been more of a rarity at smaller banks. Until now. The post Podcast: Breaking Ground as a Community Bank Chief Diversity Officer appeared first on ABA Banking Journal.
Bobsguide
MARCH 30, 2022
Multibanking solution leader wins bank connectivity award for second consecutive year. Fides Treasury Services Ltd. , the global leader in multibank connectivity and communications, has been named the winner of the 2021 TMI Technology Innovation Award for Bank Connectivity. This is the second consecutive year that Fides has received this Innovation & Excellence award.
ABA Community Banking
MARCH 30, 2022
Two reports released today by the FDIC provide data on consumer lending, deposit rates and branch closures in the wake of the COVID-19 pandemic. The post New FDIC Reports Chart Continued Effect of Pandemic on Banks appeared first on ABA Banking Journal.
Bobsguide
MARCH 30, 2022
Industry veteran joins multibank connectivity and payments provider in the U.S. to expand visibility and customer acquisition. Fides Treasury Services Ltd. , the global leader in multibank connectivity and communications, has announced the expansion of its business development team, hiring Mark O’Toole to head its expansion efforts in North America.
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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
MARCH 30, 2022
A group of crypto activists has launched Ukan Token (UKAN), a rescue token designed as a decentralised community for humanitarian purposes.
Bobsguide
MARCH 30, 2022
IT leader brings extensive payments and project management experience to multibanking firm. Fides Treasury Services Ltd. , the global leader in multibank connectivity and communications, has announced the hire of Bernhard Kaiser as the firm’s new Chief Information Officer. Kaiser will manage Fides’ information technology strategy and execution, focusing on innovation to meet the changing needs of the market.
Bussman Advisory
MARCH 30, 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: Apple working to bring more financial services in-house Visa launches NFT program Goldman Sachs is buying pension robo-advisor NextCapital.
Bobsguide
MARCH 30, 2022
Among the migrations recently completed or underway, banks are already seeing material results. Finastra announced that 27 community bank customers are working with Finastra to upgrade their legacy core banking solutions to Fusion Phoenix. This is in addition to 15 banks which went live last year. Among the banks that have recently gone live on Fusion Phoenix is Deerwood Bank.
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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.
FICO
MARCH 30, 2022
Improving customer outcomes. ?eská spo?itelna, the Czech Republic’s oldest and largest bank, has modernized its operations by optimizing its decisions around customers in early collections. The use of FICO prescriptive analytics, in this case, debt collection optimization, has improved customer satisfaction and reduced agent call minutes by 25 percent.
CB Insights
MARCH 30, 2022
Digits , a provider of financial management tools, has raised $65M in a Series C. The round drew participation from SoftBank Group, Google Ventures, 20VC, and Benchmark. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" ><div class="cta has-desktop"><div class="cta-desktop center-co
The Paypers
MARCH 30, 2022
Spain-based Santander Bank has launched a new international payments solution for companies from Europe and Brazil.
ABA Community Banking
MARCH 30, 2022
In a statement for the record of a House Financial Services Committee hearing tomorrow, the American Bankers Association urged lawmakers to preserve consumer choice regarding financial products and services, including overdraft protection. The post ABA to Congress: Don’t Restrict Overdraft Services Consumers Value appeared first on ABA Banking Journal.
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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
MARCH 30, 2022
Genome , an Electronic Money Institution licensed and supervised by the Central Bank of Lithuania , has waived its fees for Ukrainian citizens to help them open EUR accounts.
American Banker
MARCH 30, 2022
The Paypers
MARCH 30, 2022
UK-based payment technology provider Tribe Payments has announced the integration of Discover Global Network into its API-led platform ISAAC to broaden scheme access.
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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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