Thu.Nov 17, 2022

article thumbnail

What’s next? 3 powerful CX takeaways from Sibos

Accenture

Disruption has become business as usual This year’s Sibos theme, “progressive finance for a changing world,” captures how customer expectations have radically shifted the direction of the industry. In today’s environment, experience is everything. A pandemic. A war. And now, a looming recession. The list goes on as disruption has become business as usual, fundamentally….

Industry 294
article thumbnail

Self-checkout comprises nearly 40% of grocery checkout options, study says

Payments Dive

Offering a mix of both manual and self-checkout lanes can appeal to a wider variety of shoppers and serve different types of shopping trips, according to shopper intelligence firm Catalina.

Study 219
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

In FTX’s bankruptcy, here are the top 10 investment and M&A holdings creditors should be looking at

CB Insights

Sam Bankman-Fried’s crypto exchange FTX filed for bankruptcy protection on November 11 — the culmination of a steady stream of bad news for the company and a “bank run” that saw roughly $6B in customer withdrawals. A total of 134 affiliated companies were part of the filing, and there could be more than a million creditors involved. download The State of Blockchain q3’22 report.

article thumbnail

Can Congress come together on crypto?

Payments Dive

Perhaps even a divided Congress can make bipartisan headway in crafting a regulatory framework for crypto following the FTX failure.

239
239
article thumbnail

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

article thumbnail

Fourth Circuit Rules Communications Decency Act Did Not Protect Data Aggregator From FCRA Liability

CFPB Monitor

The Fourth Circuit Court of Appeals in Henderson v. Source For Pub. Data, L.P. , No. 21-1678, 2022 U.S. App. LEXIS 30534 (4th Cir. Nov. 3, 2022) found that the protections of Section 230 of the Communications Decency Act did not extend to a public data aggregation company. The ruling reversed the district court’s order dismissing all claims in a putative class action alleging Fair Credit Reporting Act (“FCRA”) violations against the data aggregator, PublicData.com (“Public Data”), based on Sect

Data 78

More Trending

article thumbnail

187 companies transforming financial services in Latin America

CB Insights

Latin America has become one of the fastest-growing fintech hubs in the world in recent years. The continent’s antiquated banking system (serving mainly the affluent) and largely underbanked population have created the perfect breeding ground for fintech growth, speeding up both development and adoption of new technologies. download the State of Fintech Q3 ’22 Report.

America 61
article thumbnail

3 ways banks can modernize document processing 

BankInovation

Financial institutions looking to mitigate manual data entry and increase efficiencies are turning to automation for their document-heavy operations. Document processing allows banks to capture data and filter it for employee use, compliance needs or audits, Joe Labbe, vice president of product development at intelligent document processing firm KnowledgeLake, said today during the webinar “The […].

article thumbnail

Earning Your Eight Seconds Of Fame

Image Works Direct

Have you ever stopped to think about what you can accomplish in eight seconds? It might not seem like a lot of time, and it might even seem impossible to get a big task done in that eight seconds. That’s what a lot of marketing teams are finding right now, as that’s all the time they get to grab the attention of the average person in Generation Z.

article thumbnail

Mastercard Engage adds fintech Amount to partner network

BankInovation

Digital banking fintech Amount is now offering financial services solutions through the Mastercard Engage global partner network as the credit card giant enters the open banking space. Through an extended partnership that started nearly a year ago between the fintech and Mastercard Installments, a buy-now-pay-later consumer program, Amount is now supporting Mastercard customers by building […].

Fintech 52
article thumbnail

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

article thumbnail

Visa names next CEO

American Banker

article thumbnail

How Digital CX Technology Gives Local Financial Institutions an Edge

The Financial Brand

This article How Digital CX Technology Gives Local Financial Institutions an Edge appeared first on The Financial Brand. There’s no reason community banks and credit unions can’t provide an omnichannel experience. Here are four essentials for any CX solution. This article How Digital CX Technology Gives Local Financial Institutions an Edge appeared first on The Financial Brand.

article thumbnail

Provident Bancorp in Massachusetts stung by cryptocurrency weakness

American Banker

article thumbnail

Digital-Only Grasshopper Bank’s Recession-Beating Strategy

The Financial Brand

This article Digital-Only Grasshopper Bank’s Recession-Beating Strategy appeared first on The Financial Brand. Branchless business bank supplements a fintech lending specialty with an SBA division, both funded by its growing banking as a service unit. This article Digital-Only Grasshopper Bank’s Recession-Beating Strategy appeared first on The Financial Brand.

article thumbnail

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.

article thumbnail

Just how big is the gender imbalance in bank leadership roles?

American Banker

article thumbnail

This week’s podcast episode: Two federal courts deal blow to Biden Administration’s federal student loan forgiveness program: a close look at the decisions

CFPB Monitor

After reviewing the background of the current moratorium on federal student loan payments and the Biden Administration’s decision to grant loan forgiveness, we discuss two recent decisions that have paused the Administration’s ability to proceed with forgiveness. We first analyze the Texas federal district court decision vacating the forgiveness program, including the court’s standing analysis and application of the “major questions doctrine.

article thumbnail

Oversight or overreach? NCUA plan to examine vendors sparks dissent

American Banker

article thumbnail

Shopify, Balance teaming up to modernize B2B payments

American Banker

article thumbnail

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.

article thumbnail

Utah bank's fractional-share rewards show promise with young spenders

American Banker

Utah 63
article thumbnail

Regulators want more transparency and competition in the Treasury market

American Banker

article thumbnail

KeyCorp says its chief financial officer will retire, names successor

American Banker

article thumbnail

FTX lawyers accuse Bankman-Fried of undermining bankruptcy

American Banker

article thumbnail

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.

article thumbnail

Mortgage market upheaval spurs $17 billion in paper losses for banks

American Banker

article thumbnail

FTX's Bankman-Fried received $1 billion loan from affiliate Alameda

American Banker

article thumbnail

Elevate Credit to go private in $67 million sale

American Banker

Lending 48
article thumbnail

New consortium zeroes in on community banks' technology needs

American Banker

article thumbnail

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.