Tue.Jan 10, 2023

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6 payments trends to watch in 2023

Payments Dive

FedNow, embedded payments, deal-making, cybersecurity and more mature BNPL will be dominant themes, among others, in the industry this year.

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Bond Portfolio Trends: Fourth Quarter 2022

South State Correspondent

Examining Bond Portfolio Trends: Fourth Quarter 2022. Beginning in May 2012, we started tracking portfolio trends of our bond accounting customers here at SouthState|DuncanWilliams. At present, we account for over 130 client portfolios with a combined book value of $13.96 billion (not including SouthState Bank), or $107 million on average per portfolio.

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PayPal loses another finance executive

Payments Dive

The digital payments giant disclosed late Monday that its chief accounting officer has resigned to take a job with another company.

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Americas FSI Digital Commentary: 3 Ways to Accelerate Digital Strategy in 2023

Cisco

As a change agent serving the financial services industry for over 20 years, it is a great privilege to collaborate with Bank, Insurance, and Wealth Management institutions to devise and execute digital transformation strategy, solve complex business problems, and leverage technology to strengthen business results. Ending a chaotic 2022 with the Federal Reserve in their December meeting raising interest rates to control inflation another 50 basis points following four consecutive 75 basis point

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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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Examining banking trends in 2023

ATM Marketplace

We have now entered into 2023, and it's time to look ahead to see what's on the horizon for branches, self-service and overall banking trends this year.

More Trending

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Becoming the Main Character with a Strong PR Strategy

William Mills

Do “main characters” only exist within the pages of a book or the movie screens we watch? A trend devised by Gen Z members attests otherwise. Originating on TikTok during the height of the pandemic, the main character trend typically refers to an individual’s change in perspective to gain confidence in the unique elements of their personal identity.

Maine 74
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Listen: How FIs can combat synthetic accounts

BankInovation

Synthetic identity fraud remains a constant challenge for banks, with a growing number of fraudsters attacking demand deposit accounts since the onset of the COVID-19 pandemic. In fact, one in three accounts within fintech and retail banking are synthetic, Mike Cook, vice president of commercialization – fraud solutions at identify verification fintech Socure, tells Bank […].

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Top 5 Fraud Posts for 2022: Scams, Contactless and Money Mules

FICO

Home. Blog. FICO. Top 5 Fraud Posts for 2022: Scams, Contactless and Money Mules. In a year that saw the word "scamdemic" coined, scams such as authorised push payment fraud were top of mind, along with various other fraud schemes. FICO Admin. Tue, 07/02/2019 - 02:45. by FICO. expand_less Back To Top. Tue, 01/10/2023 - 11:30. Few things change faster in the financial services space than fraud trends.

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US Bank’s SVP of payment services joins Bank Automation Summit US 2023

BankInovation

Lauren Kenney, senior vice president of payment services at U.S. Bank, will join the panel “Strategies for automating real-time payment processes” at the Bank Automation Summit U.S. 2023 on Friday, March 3, at 9:50 a.m. ET. View the full agenda for Bank Automation Summit U.S. 2023 here. Kenney will discuss how to select the right […].

US 52
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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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BaFin warns of new Godfather banking and crypto malware

The Paypers

Germany’s Federal Financial Supervisory Authority ( BaFin ) has issued a warning about a new crypto malware named Godfather.

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ChargeItSpot Securely Connects Phone Charging Kiosks in Venues & Retail Stores

ATM Marketplace

Explore how ChargeItSpot deploys their kiosks in stores and other retail venues with their own Wireless WAN network and LTE connectivity.

Retail 54
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BPC extends its partnership with Bahrain-based FinTech IPS

The Paypers

Payment solutions provider BPC has announced the extension of the partnership with Bahrain-based IPS , to boost the use of its SmartVisa platform.

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Silvergate Bank loaded up on $4.3 billion in Home Loan bank advances

American Banker

FDIC 101
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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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US-based Metropolitan Bank shuts down crypto arm

The Paypers

The Metropolitan Bank Holding Corp, the holding company for Metropolitan Commercial Bank , has announced the shutting down of its crypto-asset-related vertical, according to Coin Telegraph.

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Bank lending to governments influenced by cultural stereotypes in Europe

The Banker

Ongoing research finds “a feeling of trust in a country’s population is a vital component in a bank’s decision to lend to a government”. Liz Lumley reports.

Lending 36
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Santander CIB, Allianz Trade, Two to offer B2B BNPL solution

The Paypers

Santander CIB , Allianz Trade , and Two have partnered to develop a new business-to-business (B2B) Buy Now, Pay Later (BNPL) solution dedicated to large multinational corporates.

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Families, couples, ex-couples: Fintechs delve into shared finance

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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TSB warns PSR fraud refund scheme excludes 1 in 4 APP scam victims

The Paypers

British TSB Bank officials have warned that the fraud refund rules proposed by the Payment Systems Regulator to come into effect in 2023 will exclude a significant part of APP fraud victims.

Fraud 36
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Coinbase eliminates 20% of staff in latest round of layoffs

American Banker

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Tax Status partners authID for identity authentication

The Paypers

Identity authentication solutions provider authID has partnered tax data and IRS account monitoring provider Tax Status to launch its suite of services for the latter’s enterprise partners.

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Members Choice Credit Union in Houston names new CEO

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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Netskope raises USD 401 million in an oversubscribed funding round

The Paypers

US-based secure access service edge (SASE) provider Netskope has raised USD 401 million in an oversubscribed funding round.

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Crypto meltdown leaves Winklevoss twins' Gemini 'severely tarnished'

American Banker

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BigCommerce launches Microsoft Ads and Listings

The Paypers

US-based ecommerce software company BigCommerce has partnered Microsoft Advertising to launch Microsoft Ads and Listings for merchants on the BigCommerce Marketplace.

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Bowman says Fed's crypto oversight will respect innovation

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.