Tue.Apr 05, 2022

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To ease fuel-price pain, subsidies, rebates gain momentum

Payments Dive

Chicago and California propose giving prepaid gas cards to eligible residents and assistance to public transit users. State and federal efforts to suspend gas taxes face criticism for potential economic and environmental impacts.

Chicago 195
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Is Your Loan Process Costing You Business? | FinTalk

Jack Henry

If we’ve learned anything from the pandemic, it’s that the old ways of handling lending processes will hold you back. We consistently hear deep frustration from banks and credit unions about drowning in paperwork, a lack of visibility, inconsistent processes, and the problems associated with disparate systems cobbled together to push loan applications through their pipeline.

Lending 148
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Taking Stock

SWBC's LenderHub

“At times like these, the discussions in the corridors of power are about history, not politics or economics.” - Ashton Carter.

Capital 148
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IBM debuts Z16 hybrid-cloud mainframe with real-time AI capabilities

BankInovation

IBM released its new Z16 mainframe today, one that offers a real-time, artificial intelligence (AI) accelerator into its IBM Teleum processor. The mainframe is lightning fast at handling massive amounts of information and offers real-time AI, reducing the latency of processing millions of transactions down from 80 milliseconds to handling 300 billion operations per day […].

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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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XFS4IoT SP-Dev Workgroup celebrates year of success for ATM API standards

ATM Marketplace

The XFSIoT SP-Dev workgroup has made significant progress in its mission to jumpstart the latest API standard for ATMs.

ATM 94

More Trending

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FinovateEurope: Tech to Succeed Today. Vision to Thrive Tomorrow.

William Mills

This year's FinovateEurope showcased some of fintech's most cutting-edge solutions and minds to date. Overlooking London's financial district, Canary Wharf, we were blessed with two-days of great weather filled with ample networking opportunities and in-person connections. With over 70 expert speakers and 35 demoing companies, FinovateEurope painted a picture of the leading trends and technologies driving the industry.

Trends 75
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Healthcare staffing marketplace Lantum raises $15M. Lantum competitors include CareRev, Nomad Health, ShiftMed, Trusted Health, Incredible Health, and Gale Healthcare Solutions.

CB Insights

Lantum, a healthcare staffing platform, has raised $15M in a Series A that drew participation from Cedars-Sinai Medical Center, Finch Capital, and Piton Capital, among others. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" ><div class="cta has-desktop"><div class="cta-desktop cen

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Itaú Uses FICO's Cloud Fraud Solutions To Avoid USD$20M/m in Losses

FICO

Defending a third of all credit cards in Brazil. Itaú Unibanco, the largest private sector financial institution in Latin America, has migrated its fraud management and customer communication to the cloud, helping it to avoid over USD$20M a month in fraud losses. FICO's cloud fraud solutions have delivered a 15 percent cost reduction per customer account and a 20 percent improvement in fraud detection for online transactions.

Fraud 52
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IBM study: differences in geographical, generational impact of financial fraud

The Paypers

US-based global tech corporation IBM has commissioned a new study that shows significant differences between geographies and generations in the frequency and impact of financial fraud.

Study 41
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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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MVP Technology Framework: Fraud Prevention & Compliance for Payments Leaders

CB Insights

CB Insights examined payments tech markets using the MVP framework. This methodology scores top tech markets across two metrics: Market momentum — Measures private market activity as a signal of the degree of overall market potential. Signals include the number of startups, the amount of capital invested, and the relative maturity of startups in the space, among others.

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IBM unveils IBM z16

The Paypers

IBM has unveiled IBM z16, its system with an integrated on-chip AI accelerator, delivering latency-optimised inferencing designed to enable customers to analyse real-time transactions.

System 36
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Banks change their tack in navigating the culture war 

American Banker

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Mastercard introduces new Open Banking solution for merchants

The Paypers

Global payments processor and card issuer Mastercard has released a new solution using Open Banking platform Finicity , following its acquisition.

Cards 43
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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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Grasshopper Bank partners with fintech to outsmart fraudsters

American Banker

Fintech 81
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CarbonPay launches prepaid business payment card

The Paypers

US-based fintech CarbonPay has rolled out its corporate prepaid card for businesses in the US and the UK that facilitates the reduction of carbon footprints.

Cards 36
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How bad are weather disasters for banks? ‘Not very,’ study finds

American Banker

Study 78
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TCS and Payments Canada partner to implement RTR

The Paypers

Canada-based Tata Consultancy Services ( TCS ) has created a strategic partnership with Payments Canada to implement its new Real Time Rail (RTR) payment system for instant payments.

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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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How payment companies hope to address the Great Resignation

American Banker

Company 74
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Razer Merchant Services taps Alipay+ for cross-border payments

The Paypers

Malaysia-based Razer Merchant Services (RMS) has integrated Alipay+ for online and offline merchant touchpoints across Malaysia.

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Fed bans six bankers from industry for CARES Act fraud

American Banker

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FinAccel acquires majority stake in Indonesian digital bank

The Paypers

FinAccel has acquired a majority stake in Indonesia-based PT Bank Bisnis, pitting itself against Southeast Asia’s internet companies for a share of a digital banking arena.

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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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Another regulator moves to crypto world as JST hires from New York Fed

American Banker

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Budget Insight raises USD 35 million

The Paypers

France-based banking and financial data aggregation and Open Finance pioneer Budget Insight has announcesd a fundraising of USD 35 million (EUR 31 million).

Data 34
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Credit unions face historic pressure to make loans

American Banker

Lending 59
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FCA allows crypto firms to trade past licensing deadline

The Paypers

The Financial Conduct Authority (FCA) has allowed several cryptocurrency companies to continue trade past a licensing deadline as it continues to assess applications.

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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.