Wex readies for acquisitions
Payments Dive
NOVEMBER 11, 2022
Acquisitions are part of Wex CEO Melissa Smith’s annual growth goals, and the deteriorating economy could present attractive targets, she said.
Fri.Nov 11, 2022
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Ways banks are finding, and retaining, talent
ATM Marketplace
NOVEMBER 11, 2022
Banks are rethinking branch strategies in light of consumers wanting financial advice at branches instead of traditional banking services. However, a challenge remains: how to find the right employees to meet this need?
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Musk pushes Twitter toward payments
Payments Dive
NOVEMBER 11, 2022
“Give them some amount of money, like ten bucks or something, that they can send anywhere in the system,” said Twitter’s new owner, Elon Mus. “We need money transfer licenses for that, which we’ve applied for.
Federal District Court Vacates Biden Loan Forgiveness Plan
CFPB Monitor
NOVEMBER 11, 2022
On November 10, 2022, a federal district court in the Northern District of Texas entered judgment in favor of two plaintiffs on an Administrative Procedure Act (APA) claim seeking vacatur of the Biden administration’s plan to forgive approximately $400 billion in federal student loans under the HEROES Act of 2003. The court, citing a rarely used provision in Rule 65 of the Federal Rules of Civil Procedure, converted the plaintiffs’ motion for a preliminary injunction into a motion for summary ju
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
Green Dot CEO taps new team
Payments Dive
NOVEMBER 11, 2022
The payment services company’s recently appointed CEO brought on his own team this week, naming a new CFO, COO and chief revenue officer.
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FTX files for bankruptcy, CEO steps down
Payments Dive
NOVEMBER 11, 2022
FTX.com’s assets were frozen in the Bahamas, where the company is headquartered. Crypto lender BlockFi also paused withdrawals because of its exposure to FTX.
95 companies transforming the Canadian fintech landscape
CB Insights
NOVEMBER 11, 2022
Canada hasn’t escaped unscathed from the global pullback in fintech funding , but there are still plenty of companies in the country working to disrupt financial services. download the State of Fintech Q3 ’22 Report. Get the free report for analysis on dealmaking, funding, and exits by private market fintech companies. First name. Last name.
Unleashing the power of hyperautomation in banking
BankInovation
NOVEMBER 11, 2022
As banks prioritize the move toward automation, they can take digitization one step further by looking to hyperautomation as the next logical step in their digital journeys to achieve streamlined workflows and drive faster outcomes. Extending automation The key difference between automation and hyperautomation lies in the scale of digitization, according to IBM.
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
Finastra launches digital banking insights app
BankInovation
NOVEMBER 11, 2022
Finastra Digital Banking Insights, the tech provider’s newest application, launched last week to allow clients to better leverage data through machine learning and advanced analytics. The app, which is exclusively available to Finastra’s Fusion Digital Banking customers, leverages data that flows from the bank’s backend database through Finastra’s open platform FusionFabric.cloud and is then revealed […].
Comp selection is at the heart of appraisal bias, advocacy groups claim
American Banker
NOVEMBER 11, 2022
Bankman-Fried’s assets plummet from $16 Billion to zero in days
BankInovation
NOVEMBER 11, 2022
The entire $16 billion fortune of former FTX co-founder Sam Bankman-Fried has been wiped out, one of history’s greatest-ever destructions of wealth. The downfall of his crypto empire -- which filed for bankruptcy on Friday along with his resignation -- means assets owned by the mogul once likened to John Pierpont Morgan have become worthless. […].
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.
Mutual disgust: A member-owned bank's decades-long battle with one man
American Banker
NOVEMBER 11, 2022
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.
Challenger bank Dave plans upgrades to cash advance underwriting model
American Banker
NOVEMBER 11, 2022
N.C. Supreme Court splits 3-3 in closely watched debt collection case
American Banker
NOVEMBER 11, 2022
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.
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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