Tue.Sep 13, 2022

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Zelle counters scam talk with growth rates

Payments Dive

The instant payments brand is highlighting a double-digit growth rate for its peer-to-peer payments tool and downplaying scams on its system.

Tools 397
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4 experts deliver banking inspiration at Bank Customer Experience Summit

ATM Marketplace

Four experts shared thought provoking talks on various topics in the banking world at the Bank Customer Experience Summit held in Chicago from Aug. 31 to Sept 1.

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Holiday spending to rise 7.1%: Mastercard

Payments Dive

The big credit card company forecast an increase in spending by consumers for the yearend U.S. holiday shopping season.

Cards 273
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Broadridge and Euronext Collaborate to Transform the Proxy Voting Lifecycle in Denmark

Bobsguide

In response to the growing drive for higher corporate governance standards – both globally and at a national market level – Broadridge Financial Solutions announced it has commenced live operations of its new “golden copy” event notification and direct vote execution service for the Danish market. The service, delivered in collaboration with Danish central securities depositary Euronext Securities Copenhagen, enables global and domestic banks, custodians, wealth managers and lo

Meeting 88
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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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China tells banks to check exposure to debt-laden Fosun conglomerate

TheGuardian

Sprawling group owns assets including Thomas Cook, Club Med and Wolverhampton Wanderers China’s biggest banks and state-owned companies have been told to check their financial exposure to Fosun, the sprawling conglomerate that owns assets including the Premier League football club Wolverhampton Wanderers , as the heavily debt-laden group struggles from the impact of downturn in the property sector in its home market.

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UK banks face stress tests on impact of energy crisis defaults

TheGuardian

Exclusive: Move is part of Bank of England’s delayed health check of financial industry The UK’s largest banks will be tested on their ability to withstand a rise in defaults linked to sky-high energy prices, as part of the Bank of England’s delayed health check of the financial industry. The Guardian understands that Threadneedle Street has crafted a new crisis scenario that will feature a deep economic recession, punctuated by soaring energy bills that could make it harder for some borrowers –

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Market Trend Report: Mobile Point-Of-Sale for Vendors

CB Insights

What is mobile POS? Mobile point-of-sale (mPOS) companies are creating software or portable points-of-sale that enable a smartphone or tablet to function as a cash register. Businesses can receive payments instantly by downloading a mobile app that connects a smartphone or tablet to a card reader. Some mPOS systems automatically flag when inventory is low, reducing the manual labor needed for inventory management. download the STATE OF FINTECH Q2 2022 report. hbspt.forms.create({. onFormReady: f

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Ally Financial’s Kevin Faragher joins Bank Automation Summit Fall 2022

BankInovation

Kevin Faragher, senior director of product and strategy at Ally Financial, is joining the speaker faculty at Bank Automation Summit Fall 2022 for the panel, “Automation to detect and stop fraudulent transactions,” on Monday, Sept. 19, at 11:45 a.m. PT. Bank Automation Summit Fall 2022 will take place at the Hyatt Olive 8 in Seattle […].

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UK Credit Card Trends: From 2008 Crash to Cost-of-Living Crisis

FICO

Home. Blog. FICO. UK Credit Card Trends: From 2008 Crash to Cost-of-Living Crisis. Changes in card management, customer behaviour and regulations make card delinquencies and other trends very different from the crash of 2008. Darcy Sullivan. Tue, 11/10/2020 - 12:17. by Liz Ruddick. expand_less Back To Top. Tue, 09/13/2022 - 09:25. As the UK economy transitions from the pandemic to the cost-of-living crisis, is there anything that can be learnt from how the 2008 financial crisis impacted credit c

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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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Corserv receives Visa Ready certification

BankInovation

Payment card issuer Corserv announced that it has been certified as Visa Ready, a seal of approval from the credit card giant for its payment-cards-as-a-service-APIs (PCaaSA) platform. Payment cards are prepaid debit and credit cards, and the PCaaSA is a flexible, multi-bank platform that stretches across such cards for all products. Corserv’s platform runs on […].

Cards 52
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Deutsche Bank plans app for securities investment 

The Paypers

Deutsche Bank Vice President Karl von Rohr has announced plans to launch an app-based securities investments offer.

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Inside look: Bank of America sets record for patents in 1H 2022

BankInovation

Bank of America is reporting record digital usership and multiple granted patents on the heels of boosting its technology spend in the first quarter of the year. “Bank of America has a deep culture of being innovative and exploring creativity,” Michael Young, senior vice president of global information security at $3.1 trillion Bank of America, […].

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Starbucks introduces NFT loyalty programme Odyssey

The Paypers

Starbucks has announced the introduction of Starbucks Odyssey, a loyalty programme that will combine Starbucks’ Rewards with an NFT platform.

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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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Checkout.com will eliminate about 5% of employees in latest cuts

BankInovation

Checkout.com is eliminating 5% of its staff, the latest in a series of job cuts that’s swept technology companies this year as investors pull back on funding. The company confirmed that it was reducing its workforce by about 100 people in a statement in response to Bloomberg questions on Tuesday. “This decision did not come […].

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WSBI aims to think globally but act regionally

The Banker

The chairman of the World Savings and Retail Banking Institute shares his views on the role its members are playing in promoting sustainable and inclusive finance, as well as the economic and social well-being of their communities.

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How P&C insurers should prioritize these 10 claims evaluation & settlement technologies

CB Insights

The claims experience is the primary way many customers interact with their insurer. While a positive experience can lock in a customer for life, a bad one can lead them to switch insurers. At the same time, the claims process is growing more complex and costly for insurers. Claims evaluation & settlement solutions are helping insurers gain insight into their claims, ultimately enabling them to automatically settle simple claims and shift resources toward more complicated tasks. download the

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NEAR launches USD 100 mln fund with Caerus

The Paypers

NEAR Foundation , the Switzerland-based non-profit organisation, has announced a strategic partnership with Caerus Ventures to launch a USD 100 million venture capital fund and venture lab.

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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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EBA announces plan to address faltering AML/CFT colleges

The Banker

The European Banking Authority has set out an action plan following its report outlining deficiencies in the supervisory networks’ operations. James King reports.

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UK digital identity provider GBC to fall into US hands for GBP 1.3 bln

The Paypers

UK-based digital identity provider GB Group (GBG) has set to be taken over by US-based private equity firm GTCR for GBP 1.3 billion, as foreign investors raid UK tech.

US 36
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JPMorgan in deal for Renovite to improve merchant acquiring tech

American Banker

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Western Union expands to LATAM by acquiring Te Enviei

The Paypers

Western Union has expanded to Latin America through Te Enviei ’s acquisition – a Brazil-based digital wallet that widens its financial ecosystem offerings.

America 36
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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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U.S. Bancorp now expects MUFG Union deal to close later in second half of 2022

American Banker

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BNPL startup BillEase raises USD 20 mln to expand loan portfolio

The Paypers

Philippine-based Buy Now, Pay Later startup BillEase has raised USD 20 million courtesy of Helicap Securities in a bid to further expand its loan portfolio.

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Wells Fargo to pay $145 million to settle government's 401(k) inquiry

American Banker

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MODO works on new payment product

The Paypers

MODO , an Argentina-based white label wallet, has announced it is working on a payment product that offers both an instant payment feature and a BNPL one.

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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.