Tue.Mar 08, 2022

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Cash App to offer Bitcoin rewards at Shake Shack

Payments Dive

The promotion comes as the payment app seeks to acquire new users and faces regulatory scrutiny.

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Do We All Know Where Ukraine is Now?

South State Correspondent

Ukraine War Will Continue to Dominate Trading This Week. Even if the economic calendar were chock full of first-tier releases, it would be developments in the Ukraine war that would dominate trading. The fact we have a fairly light week of data makes the war influence that much greater. Developments over the weekend haven’t offered much encouragement other than to continue and expose the Russian military as less than the elite fighting force it was billed as.

Meeting 195
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4 steps to avoid QR code fraud at your business

Payments Dive

Criminals are now exploiting the popularity of QR codes. Here's how to protect your business.

Fraud 370
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Pennsylvania federal district court rules public records vendor is consumer reporting agency subject to Fair Credit Reporting Act

CFPB Monitor

A Pennsylvania district court has ruled that a company that provides reports based on a search of public records is a “consumer reporting agency” (CRA) as defined by the Fair Credit Reporting Act. In McGrath v. Credit Lenders Service Agency, Inc. , the plaintiffs applied to a bank for a loan to refinance their home mortgage. The bank engaged Credit Lenders Service Agency (CLSA) to conduct a public records search on the plaintiffs and provide a report.

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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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Inside the Store: The first Whole Foods with Just Walk Out is beautiful. Just don't look up.

Payments Dive

Grocery Dive’s Catherine Douglas Moran visited the chain's Washington, D.C., store in Glover Park to see how its specialty soul meshed with Amazon’s checkout-free technology.

More Trending

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Financial Tips to Learn from Women in Team BB

BankBazaar

Ask the women! They’ll know what to do – they are multi-taskers, pro finders of lost items and known for their planning and organisational skills. Why else do you think creation was declared complete, with ‘Eve’? Here’s a phrase for you, ‘Avengers Unite’! Experiment: What’s the immediate visual that pops up when you hear that phrase? We know what it was – Marvel superheroes, of course!

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Inside Look… KeyBank’s bot development team

BankInovation

CHARLOTTE, N.C. — KeyBank’s head of robotic process automation (RPA) hopes to expand his team by up to 30% this year for a total of 120 to 130 people with three more build-run squads, or teams of 10 developers responsible for coding (build) and servicing (run) of an application or bots. “I'm creating a whole […].

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Utah legislature passes consumer privacy law

CFPB Monitor

Following the lead of California, Colorado, and Virginia, Utah is set to become the fourth state to pass a comprehensive privacy law. As of March 4, the Utah Consumer Privacy Act ( SB 227 ) cleared both houses of the Utah legislature. The UCPA closely resembles the Virginia Consumer Data Privacy Act, but with some interesting changes. The law applies to controllers or processors that do processors that do business in Utah, or produce a product or service that is targeted to consumers who are U

Utah 78
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Google to buy cybersecurity firm Mandiant for $5.4B

BankInovation

Google agreed to acquire cybersecurity company Mandiant Inc. for $5.4 billion, its second-biggest deal ever. With Mandiant, Alphabet Inc.’s Google gets more tools to protect its cloud clients by responding quickly to online threats. The company is working to recruit and support cloud customers amid stiff competition from Microsoft Corp. and Amazon.com Inc.

Google 98
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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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En banc Fifth Circuit remands case challenging FHFA’s constitutionality to district court to decide if Fannie Mae/Freddie Mac shareholders are entitled to relief

CFPB Monitor

In Collins v. Yellin (previously captioned Collins v. Mnuchin ), the U.S. Supreme Court, relying on its decision in Seila Law , held that the Federal Housing Finance Agency’s structure was unconstitutional because the Housing and Economic Recovery Act of 2008 (HERA) only allowed the President to remove the FHFA’s Director “for cause.” Despite ruling that the FHFA’s structure was unconstitutional, the Supreme Court also held that the proper remedy for the constitutional violation was not to inva

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Digital payments present opportunity for retaining Gen Z banking customers

BankInovation

SAN ANTONIO — Payment innovation will make or break the relationship young consumers have with their banks. Younger customers lead the digital banking charge with 99% of Generation Z using mobile platforms as their primary banking tool, Tom Brooks, head of regional accounts at Visa, said Monday during Consumers Banking Association’s CBA Live 2022 event. […].

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The Wait is Over - Bankers as Buyers is Back: Part 2

William Mills

The 19 th annual Bankers as Buyers explores how the industry can build a more resilient tomorrow for financial institutions of all sizes. This includes acquiring top banking talent, ensuring seamless technology integrations to digitization initiatives, and better meeting customer and prospect needs. In the second edition of our two-part blog series, we outline the top trends we’re watching in banking this year.

Meeting 74
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Leveraging technology for growth in the community bank

BankInovation

The financial services landscape has grown more crowded over the past five years, as consumers become increasingly comfortable living more of their financial lives online. Whether it’s big banks, challenger banks, big tech, fintech, or online lenders and payments providers, it seems everyone is offering easy, digital-friendly alternatives to traditional deposit accounts and loans.

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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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3 ways blockchain is building the future of the internet

CB Insights

Web3 is one of the hottest buzzwords in venture capital today. But what exactly is it? The STATE OF Blockchain 2021. The global blockchain unicorn count jumped from 9 to 47 in 2021. Download our free report to get all the trends. hbspt.forms.create({. onFormReady: function ($form) {. window.ClearbitForHubspot.addForm($form); }, region: “na1”, portalId: “763793”, formId: “c9c54721-3946-4cf6-9d6d-94a3c02d8cf9” }); Web3 is a decentralized internet built on an ope

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BankiFi joins Visa Fintech Partner Connect

The Paypers

BankiFi , a UK-based tech company, has joined Visa Fintech Partner Connect in Europe – a programme that helps Visa`s clients deliver digital banking solutions.

Fintech 68
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IWD 2022: Breaking the Bias with Data Science

FICO

When I was a kid, women often found it harder to get credit than men. A lot of lenders just didn’t think women were good credit risks. On International Women’s Day today, I’d like to share about how FICO broke that bias with data science. When Bill Fair and Earl Isaac started selling data-driven credit scoring models in the late 1950s, it was a new concept for lenders.

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eBay partners with Spanish Tax Agency for tax compliance

The Paypers

The Spanish Tax Agency has signed an agreement with eBay to collaborate and facilitate tax compliance in the field of indirect taxes on sales made by sellers who use eBay to offer their products.

Taxes 53
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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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The never-ending Libor scandal: why a public inquiry is now needed

The Banker

The financial services industry needs to get to the bottom of what went wrong with Libor and Euribor. Were the right people charged and convicted for the offences that took place, Rachel Adamson asks?

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The AIIB suspends its activity with Russia

The Paypers

China-based Asian Infrastructure Investment Bank (AIIB) has decided to suspend all its activities related to Russia and Belarus as a consequence of the war in Ukraine.

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5 banks that just launched digital-only brands

American Banker

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Netflix, Nintendo & others to suspend operations in Russia

The Paypers

Following a global wave of support for Ukraine, several tech companies, including Netflix have announced they are exiting the Russian market.

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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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When your investors don't want you to become a bank

American Banker

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Pactera EDGE's new solution counters next gen ecommerce crime

The Paypers

Digital solution provider Pactera EDGE has launched a fraud protection solution that uses AI and ML to detect end combat new forms of ecommerce fraud.

Fraud 41
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Huntington to slash overdraft fees, offer instant access to checks

American Banker

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PPRO acquires Alpha Fintech to augment its payments infrastructure

The Paypers

ayments provider PPRO has announced it bought paytech company Alpha Fintech to expand its offering and presence across APAC.

Fintech 41
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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.