Visa pledges $1B investment in Africa
Payments Dive
DECEMBER 14, 2022
The largest U.S. credit card network plans to make the investment over the next five years in a "commitment to Africa’s growth potential.
Payments Dive
DECEMBER 14, 2022
The largest U.S. credit card network plans to make the investment over the next five years in a "commitment to Africa’s growth potential.
Accenture
DECEMBER 14, 2022
Let’s start with the elephant in the room. Yes, mortgage rates are at a 14-year high and volume is off by more than 80%. But that’s why I’m writing this blog series. I figure if you work in the mortgage industry you have a lot of free time on your hands right now and are…. The post Banking top guns can boost mortgages with new tech appeared first on Accenture Banking Blog.
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Payments Dive
DECEMBER 14, 2022
The impact real-time payments could have on customers and providers alike should not be ignored — especially in the face of an impending recession, writes a fintech co-founder.
ATM Marketplace
DECEMBER 14, 2022
The COVID-19 pandemic may be subsiding, but merchants and ATM owners are strapped for resources. Cash management solutions can help ease some of the stress of operating a business during the post-pandemic recovery.
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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
DECEMBER 14, 2022
Exposure to consumer credit risk and lower-income spending is significant for those three payments companies, analysts warned Tuesday.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
DECEMBER 14, 2022
The CFPB and Federal Housing Finance Agency (FHFA) recently published for public use updated loan level data from the National Survey of Mortgage Originations (NSMO). The data also provide updated mortgage performance and credit information for a nationally representative sample.
Banking Exchange
DECEMBER 14, 2022
Transaction follows Summit’s purchase of four MVB Bank branches last year Management Feature M&A Feature3 Community Banking.
TheGuardian
DECEMBER 14, 2022
Bonus pool could be slashed by up to 40%, in possibly the lender’s largest cut to payouts since the financial crisis Goldman Sachs bankers are reportedly at risk of having their bonus pool slashed by up to 40%, in what could be the lender’s largest cut to payouts since the 2008 financial crisis. The bank is still in the process of deciding the size of its bonus pools for 2022, but the prospective cut could mean its 3,000 investment bankers endure the most significant drop in variable pay among t
The Paypers
DECEMBER 14, 2022
US-based card platform Highnot e has expanded its collaboration with Visa to include certification as Visa card issuer processor under its fleet management solutions.
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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
BankInovation
DECEMBER 14, 2022
London-based core provider Finastra is partnering with payment service fintech Veem to provide payment services to small and medium-sized businesses (SMBs). San Francisco-based Veem’s payment service will be integrated into Finastra’s Fusion Digital Banking Platform and will give users a centralized platform for SMBs, Peter Longo, senior director of product management at Finastra, told Bank […].
The Paypers
DECEMBER 14, 2022
Germany e-mobility payments company pay33 has partnered with embedded finance provider Swan to launch the first European payment-enabled mobility card in the form of a white-label app for the e-mobility market.
BankInovation
DECEMBER 14, 2022
Small business (SMB) customers are rethinking their banking relationships and looking for a personalized and emotional connection. If you need proof, look no further than these compelling stats: Only 18% of small businesses believe their financial institution (FI) meets their needs 62% of small businesses don’t see their business account providing more benefit than a […].
The Paypers
DECEMBER 14, 2022
The Bank of Spain has revealed an interest in exploring a collaborative central bank digital currency project with FIs and technology solution providers.
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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.
BankInovation
DECEMBER 14, 2022
HSBC announced today that it is partnering with digital card fintech Extend to offer virtual card solutions and embedded payments to its business clients. Commercial card customers of HSBC USA, owned by $2.9 trillion, London-based HSBC Holdings, are now able to create, send and manage virtual cards throughout their organizations via the latest Extend partnership, […].
The Paypers
DECEMBER 14, 2022
The Central Bank of Brazil has revealed its aim to launch a central bank digital currency (CBDC) in 2024 following a closed pilot programme.
Tomorrow's Transactions
DECEMBER 14, 2022
Yesterday marked the 10 year anniversary of Contactless on TfL buses; a new generation of fare collection was born that delivered convenience beyond anything that had gone before for customers and much needed cost savings for TfL. Consult Hyperion were engaged by TfL to figure out the means by which contactless could be accepted at… Continue reading A decade of tapping on TfL buses.
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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
DECEMBER 14, 2022
Plooto , an accounts payable (AP) and accounts receivable (AR) automation software for small to medium-sized businesses (SMBs), has closed a USD 20 million in Series B funding.
American Banker
DECEMBER 14, 2022
The Banker
DECEMBER 14, 2022
An investigation into allegedly unfair interchange fees charged by the two main card providers in the UK has been launched with a focus on driving down costs that are stifling the innovation of fintech start-ups. Bill Lumley investigates.
The Paypers
DECEMBER 14, 2022
ebankIT , a fintech company that enables digital experiences for banks and credit unions, partnered with Open Banking solutions provider Salt Edge , according to an official press release.
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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
DECEMBER 14, 2022
US-based fintech Galileo has partnered payroll connectivity provider Atomic to launch a direct deposit feature that enables banks and fintechs to expand financial access to consumers.
American Banker
DECEMBER 14, 2022
The Paypers
DECEMBER 14, 2022
Binance has introduced its Pay service in US, allowing users to send, request and receive crypto with instant settlement and no fees. The feature has previously been available outside US.
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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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