Marqeta to buy Power Finance
Payments Dive
JANUARY 30, 2023
The virtual card company said it would pay $275 million to buy the New York fintech that allows companies to manage their credit card programs.
Payments Dive
JANUARY 30, 2023
The virtual card company said it would pay $275 million to buy the New York fintech that allows companies to manage their credit card programs.
South State Correspondent
JANUARY 30, 2023
Rising funding costs and decreasing liquidity at community banks are causing managers to change pricing methodology for new credits. This makes some sense, as in other industries, if your input pricing goes up, you often adjust your end pricing. We estimate that 25% to 50% of community banks have a policy requiring minimum yield or credit spreads for new commercial loans.
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Payments Dive
JANUARY 30, 2023
The card giant disclosed Friday that the Justice Department demanded more documents in an ongoing antitrust investigation, and the European Commission has opened a separate “preliminary investigation.
TheGuardian
JANUARY 30, 2023
Exclusive: Leak shows oligarch was a major client of Barclays in Monaco and UBS in Zurich, with at least $940m in assets held at the banks Barclays and UBS are facing questions about their ties to Roman Abramovich after his secretive offshore trusts were reorganised shortly before Europe and the UK imposed sanctions on the Russian oligarch. The Oligarch Files, a cache of leaked documents seen by the Guardian, suggest that before Russia invaded Ukraine the two banks held at least $940m (£760m) of
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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
Payments Dive
JANUARY 30, 2023
Nearly 2,000 crypto workers have been laid off in 2023, but the value of Bitcoin climbed enough in January for Goldman Sachs to take note.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
JANUARY 30, 2023
Ryan McInerney, who takes over as CEO of the card network giant this week, recently appointed a pack of new leaders.
BankInovation
JANUARY 30, 2023
Credit unions and community banks are looking to digital communications platform Eltropy to strengthen call center authentication and ultimately reduce fraud as voice-cloning tools and advanced AI present more opportunities for fraudsters within financial services.
CFPB Monitor
JANUARY 30, 2023
Over the past few years, numerous states have imposed interest rate caps on consumer credit. In recent blog posts, we discussed the efforts of both Michigan and New Mexico to impose a 36% annual interest rate cap. Last year, Congress took up the discussion of a national 36% annual interest rate cap.
Banking Exchange
JANUARY 30, 2023
Plus: Comerica promotes trio, and CIBC names new head of Canadian banking Management Feature Human Resources Lines of Business Feature3 CSuite
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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
The Paypers
JANUARY 30, 2023
The central banks of Russian and Iran have signed a deal to connect national interbank communication and transfer systems to spur trade and facilitate transactions.
Banking Exchange
JANUARY 30, 2023
The California giant is planning to refocus on community banking after a string of acquisitions Management Feature M&A Feature3 Community Banking
The Paypers
JANUARY 30, 2023
The Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement Systems (NIBSS) have launched a national payment card aimed at boosting financial inclusion in the region.
BankInovation
JANUARY 30, 2023
Payments fintech Marqeta announced today it will acquire credit card management platform Power Finance in an all-cash transaction to help supplement its credit offerings. The cloud-based solution is expected to accelerate the capabilities of Marqeta’s credit products including card issuing, digital wallets and transaction processing, according to a Marqeta release.
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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
JANUARY 30, 2023
India-based company Razorpay has launched a forex service for startups, to offer foreign exchange products for an improved cross-border payments processing.
The Banker
JANUARY 30, 2023
Laura Murray, interim head of global trade and receivables finance at HSBC UK, shares her views on the potential impact of the Electronic Trade Documents Bill.
The Paypers
JANUARY 30, 2023
Atos , Deutsche Bank , OpenWay , and Thales are among the payment-oriented companies on the list of 120 western brands that have divested from Russia.
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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.
The Paypers
JANUARY 30, 2023
Romanian authorities have launched the Ghiseul.ro app, enabling people to pay their taxes and obtain their criminal records on their phones.
American Banker
JANUARY 30, 2023
The Paypers
JANUARY 30, 2023
Australia-based B2B cashflow specialist Cloudfloat has partnered with US-based B2B payments and invoicing network TreviPay to unlock new business opportunities.
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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
JANUARY 30, 2023
The New York State Assembly has introduced a new bill that would support cryptocurrency as a form of payment for fines and taxes.
The Paypers
JANUARY 30, 2023
UK-based NatWest has announced its plans to close 23 branches in England and Wales as customer preference shifts to mobile and online banking.
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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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