Thu.Jun 23, 2022

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The three key areas of fintech acquisition success

Accenture

For the past five years, banks have transformed by, in part, focusing on bank-to-bank mergers. However, the surge in banking M&A will shift from traditional acquisitions as banks clamor for disruptive technology and differentiated client experiences to defend profit pools that are under attack. In a soon-to-be-published study of banking and payments M&A and private….

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EVO Payments finds deals harder to come by, CEO says

Payments Dive

EVO Payments has grown over the past decade through dozens of acquisitions, but it’s not so eager to buy now.

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Top 15 banks reveal secrets of digital success

Accenture

The top 15 global banking giants are generating their combined revenues and profits at a pace that’s well ahead of the average performance of their smaller competitors. What’s more, these big “winning banks” are harnessing their vast investments in digital technologies to help accelerate their growth. The success of these global giants provides valuable lessons….

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BNPL faces tough economic challenges

Payments Dive

Evidence suggests that BNPL borrowers are increasingly having trouble paying off their loans, based on a report from one analyst who follows the U.S. buy now-pay later provider Affirm.

Report 239
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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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How to Combat the Great Resignation 2022 | FinTalk

Jack Henry

“It’s never been harder to hire and retain the right people,” Holly Novak, Chief People Officer at Jack Henry, recently said about the “Great Resignation.”. According to the U.S. Bureau of Labor Statistics , a record number of people voluntarily left their jobs in 2021, and the 11.3 million job openings in February 2022 remained near all-time highs.

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Borrowers Want To Know: Can I get vehicle protection for my EV?

SWBC's LenderHub

Gas prices these days, am I right? Not that you need the stats if you’ve made a trip to the gas pump lately, but here they are: On March 6, the price of regular gasoline soared to over four dollars. Days later, the average price of diesel inflated by over five dollars. By June 3, the price of regular gasoline hit $4.70—the highest recorded average price for gas in U.S. history.

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Credit Cards for the Uninitiated: A Beginner’s Guide

BankBazaar

Once you understand the basics, you’ll find that Credit Cards are incredibly useful. They can help you save time, earn rewards, and get you on your way to building good credit. . By getting your first Credit Card, you’ve achieved a major milestone! . A convenient financial product, Credit Cards come with a host of benefits, like the option to pay for purchases over time, rewards and cashback for all spends, the ability to build and improve your Credit Score, and so much more!

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This week’s podcast episode: A look at the joint Community Reinvestment Act proposal issued by the OCC, FDIC, and Federal Reserve Board, with special guest Kenneth Thomas, President of Community Development Fund Advisors, LLC

CFPB Monitor

Mr. Thomas is widely-viewed as the nation’s leading CRA expert and has advised federal regulators on CRA reform. After reviewing CRA’s origins and purpose, we discuss how the new proposal differs from the OCC’s rescinded 2020 final CRA rule and the current CRA rules, including the proposal’s higher asset threshold for small banks and approach to assessment areas, how industry and consumer groups have reacted to the proposal, and next steps and possible timetable for issuance of final rules.

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An ATM deployers conundrum on Physical Security

ATM Marketplace

The objective of this 10 page easy to read doc is to provide inspiration into revealing the top myths that surround ATM physical security. With so much emphasis being placed on cybersecurity, it is also equally important to revisit the necessity to protect the ATM network against attacks, gas and/or physical explosives.

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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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Sunak urges banks to keep funding oil and gas firms after windfall tax

TheGuardian

Sector says £5bn energy profits levy will make investment in new projects and renewables more difficult Rishi Sunak has asked Britain’s biggest banks to keep the money taps flowing to the oil and gas sector after slapping it with a windfall tax. In a bruising meeting in Aberdeen on Thursday, the chancellor told oil and gas executives he is trying to ensure investment in their businesses is not curtailed.

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BPC and fintech Klap partner to boost payment processing across LATAM's Chile

The Paypers

Lending global payments company BPC has announced that Chile-based fintech Klap uses its technology to support payment processing requirements in the country.

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5 reasons to scale loan origination digitization

BankInovation

Data across the board shows continued growth for commercial and industrial loans since the last months of 2021. A recent Federal Reserve survey shows that during the fourth quarter, a net 21.7% of bank loan officers reported higher demand for commercial and industrial loans, up from a net 7.6% who said the same three months […].

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Hurricane season disaster planning tips for community associations.

PopularBank

June 1 marked the start of the hurricane season and a lot of condominium, homeowner and co-op associations have noticed that their preparedness needs have changed drastically due to several factors, from changing weather patterns to labor shortages and repair cost surges. At Popular Association Banking, we are happy to see many community associations being proactive with their contingency planning and setting aside money for repairs, replacement reserves and emergency funds, but it is critical t

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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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BMO Financial Group taps UiPath for unattended bot implementations

BankInovation

Robotic process automation (RPA) initiatives have created “millions of dollars” in value for BMO Financial Group, but the bank’s efforts are now shifting to automation for risk and cybersecurity. A digital workforce of bots has saved countless labor hours at BMO Financial Group, the U.S. subsidiary of $805.9 billion BMO, via automation of manual workflows, […].

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The Role of Data in Managing Fraud and Financial Crime Today

FICO

Home. Blog. FICO. The Role of Data in Managing Fraud and Financial Crime Today. Here are the highlights from the fraud management data discussion I had at FICO World 2022 with Julie Conroy, Head of Risk Insights and Advisory at Aite-Novarica Group. FICO. Tue, 07/02/2019 - 02:45. by TJ Horan. expand_less Back To Top. Thu, 06/23/2022 - 12:40. In case you missed it, FICO World 2022 was a very welcome return to in-person learning and networking for the global fraud detection and financial crime-figh

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Blink partners with Opaay

The Paypers

Blink , a UK-based payments platform, has partnered with Open Banking solution Opaay to provide its users with a secure and more cost-effective way for processing payments.

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Overdraft reforms expected to cost larger banks $4 billion a year

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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SumUp closes EUR 590 mln funding round

The Paypers

SumUp , a UK-based company, has closed in on a major round of funding of EUR 590 million (USD 624 million).

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UMB's real-time payments plan is to take it slow and steady

American Banker

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Hokodo raises USD 40 mln Series B

The Paypers

UK-based fintech Hokodo has completed its Series V funding round, securing USD 40 million to support the expansion into new European markets.

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Cannabis banking reform removed from U.S.-China bill

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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SEON and Lucinity partner to boost AML compliance and fraud management

The Paypers

Developer of AI-driven AML software company Lucinity has partnered with fraud management firm SEON to include real-time fraud prevention capabilities in its AML compliance software.

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What banks, credit unions can learn from VyStar-Heritage merger's demise

American Banker

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Prime Trust raises over 100 USD mln in Series B round

The Paypers

Prime Trust , a US-based provider of financial infrastructure for fintech and digital asset innovators, has raised over USD 100 million in its Series B funding round.

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OCC continuing interagency talks on crypto despite FDIC pause

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.