Fri.Aug 26, 2022

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Affirm scans landscape for acquisitions

Payments Dive

With plenty of cash on hand, Affirm CEO Max Levchin considers acquisitions as one of many routes for the buy now-pay later company to continue its growth.

Company 370
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Moving to One Minute TRACE Reporting: A Review of FINRA Proposed Changes to Rule 6730

Perficient

Background. FINRA has been collecting and disseminating fixed income transaction information through TRACE since 2002. Fixed income markets have continued to change dramatically since 2002, becoming more global while an increasing percentage of trades are made on or by electronic trading platforms. With the move to electronic trading and increased trade volume, FINRA has been considering ways to provide more timely and detailed data to the marketplace and regulators.

Report 275
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Payoneer battles e-commerce slowdown

Payments Dive

Payoneer is counting on global growth and new services to offset what CFO Michael Levine called e-commerce “softness.

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Some Friendly Inflation News Appears Before Jackson Hole

South State Correspondent

Some Friendly Inflation News Appears. Treasury yields are higher this morning but off the highs of the day as today’s inflation numbers came in better-than-expected (more on that below). The market is awaiting the keynote address by Fed Chair Powell at Jackson Hole, due at 10am ET. Once we get past that event, and unless Powell is exceedingly more hawkish than expected, we could possibly see some bids returning to the market.

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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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Armed Forces Bank uses automation to improve CX

BankInovation

Armed Forces Bank (AFB) is embracing digital transformation with several newly implemented processes aimed at providing an improved customer experience during everyday transactions. The $1.6 billion bank is using automation for card controls, allowing users to monitor transactions and establish account alerts, check imaging for deposits and digital chat enhancements that run on both APIs […].

More Trending

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Fintech Funding: Capital on Tap secures a $237M credit line

BankInovation

Capital on Tap announced Thursday that it has secured a $237 million credit line from $3.8 trillion JPMorgan and investment firm Triple Point. The U.K.-based fintech provides fast funding to small businesses in an all-in-one business credit card and spend management platform. The company was founded in 2012, and more than 200,000 small business customers […].

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Banking expert shares insight on preventing financial fraud

ATM Marketplace

How do banks combat fraudulent activity?

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Brightwell introduces ReadyRemit to enable fintechs to offer global payments

The Paypers

Brightwell , a US-based global payments technology company, has announced today the availability of ReadyRemit to enable fintechs to launch global payments programs.

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TD Bank invests in technology, acquisition in Q3

BankInovation

TD Bank launched new artificial intelligence (AI) capabilities, announced an acquisition and leveraged its Next Evolution of Work (NEW) operating model in its third quarter. The Toronto-based bank increased its technology and equipment spend 12% year over year to $360 million, according to the bank’s Q3 earnings supplement. The increase in tech spend also contributed […].

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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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Railsr forges insurance collaboration with Elmore

The Paypers

Embedded finance platform Railsr has partnered with UK-based insurance specialist Elmore to provide fintech insurance for the former’s clients.

Fintech 69
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Absa Kenya to pay an interim dividend for 2022

Bankelele

Absa Bank Kenya continued to show strong growth in a complex environment of macroeconomic challenges and high inflation. At the announcement of financial results for the first half of 2022 in Nairobi, Managing Director Jeremy Awori said the institution has transformed into a financial services giant with new offers in bank assurance, wealth management, risk […].

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NearPay launches crypto virtual cards and digital wallet

The Paypers

Switzerland-based NearPay , a crypto finance protocol, has launched virtual crypto cards and its Wallet for iOS and Android to bring the digital banking experience to the world of crypto.

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Delinquencies cast a cloud over Affirm as it braces for economic downturn

American Banker

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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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Afterpay partners New York Fashion Week for designer NFTs

The Paypers

Australia-based, Buy Now, Pay Later company Afterpay has released a series of limited-edition non-fungible tokens (NFTs) for New York Fashion Week.

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U.S. Bancorp to hike minimum wage for second time this year

American Banker

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Daon Partners Neustar to boost identity proofing and verification

The Paypers

Digital identity trust company Daon has partnered Neustar to provide an integrated solution for deterministic authentication through automatic number identification (ANI) validation.

Company 36
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What banks need to know about know-your-business tech

American Banker

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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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Anecdotes, Codat, Skyflow, and Very Good Security join Open Finance Data Security Standard

The Paypers

Anecdotes, Codat, Skyflow and Very Good Security (VGS) have joined the consortium of fintech and security compliance companies, supporting the Open Finance Data Security Standard (OFDSS).

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FIS is courting governments to win banks more business

American Banker

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Data Mynt partners Airtm to enable cash payouts for merchants across LATAM

The Paypers

Data Mynt , a payments infrastructure company has partnered Airtm to enable sellers and platforms to accept payments, settle and withdraw funds into their bank accounts.

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Banks see auto-loan weakness as an early sign of slowdown

American Banker

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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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FIS to boost real-time payments infrastructure for CBDCs

The Paypers

FIS has launched a central infrastructure payment solution, RealNet Central, to help central banks transform their markets to digital-first, real-time payment economies.

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Frontwave Credit Union in California merging with ailing peer

American Banker

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Nationwide adopts sweeping technology from Moneyhub for real-time funding

The Paypers

Nationwide has partnered with UK-based fintech Moneyhub to enable new and existing members to fund new savings account from day one, using Open Banking technology.

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Regulating stablecoins is none of the Fed's business

American Banker

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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.