Tue.Apr 12, 2022

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Stripe sees growth slowing this year after pandemic e-commerce boon

Payments Dive

Despite lots of opportunities to sell to the creator economy and respond to demand for embedded financial tools, the company said it won't grow as much this year as last year, citing "one-time behavioral adjustments" in 2021. The super-unicorn, valued at $95 billion last year, still expects to expand based on "explosive growth in fintech," it said in an annual letter.

Tools 273
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8 Takeaways From JPM’s Shareholder Letter

South State Correspondent

While we look at many annual reports, the two CEO missives that we never miss are Berkshire Hathaway’s and JP Morgan Chase’s (JPM) shareholder letter. We feel that as community bankers, we can learn much from Jamie Dimon (Chairman and CEO of JPM) and from Warren Buffet. Recently, JP Morgan Chase released its 64-page 2021 shareholder letter and 340-page annual report.

Community 195
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SEC issues guidance on crypto-asset accounting, disclosure

Payments Dive

As theft of crypto-assets rises, the Securities and Exchange Commission is pushing companies to publicly report on the potential costs from such crimes and efforts to curb hacking risks.

Security 243
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Melior Equity Partners Announces Investment in Salmon Software

Bobsguide

Dublin, 1 April 2022: Leading Irish private equity firm, Melior Equity Partners, has agreed an investment in Salmon Software, a fast-growing financial software business that provides customers with a world-class treasury management software system. Founded by CEO John Byrne, Dublin-headquartered Salmon Software employs a total of 30 staff across its operations in Ireland and the Czech Republic.

Software 147
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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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Payments players caught in venture capital squeeze

Payments Dive

The flow of venture capital to startups ebbed in the first quarter for the biggest quarterly decline since 2012. Payments players, which have been big beneficiaries of such investments, are beginning to feel the pinch.

Capital 221

More Trending

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Despite pandemic, travel perks draw premium cardholders

Payments Dive

Travel-related benefits remained a favorite perk for premium credit cardholders, according to a new S&P Global Market Intelligence report, even as the COVID-19 pandemic squashed plenty of travel plans over the past two years. But as card issuers have hiked premium card annual fees, they may have reached the ceiling on cardholders' willingness to pay more.

Cards 195
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Predicting exchange rates

BankUnderground

Robert Czech, Pasquale Della Corte, Shiyang Huang and Tianyu Wang. Can investors predict future foreign exchange (FX) rates? Many economists would say that this is an incredibly difficult task, given the weak link between exchange rate fluctuations and the state of an economy – a phenomenon also known as the ‘exchange rate disconnect puzzle’. In a recent paper , we show that some investors in the ‘FX option market’ are indeed able to accurately forecast exchange rate returns, particu

Marketing 128
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Cash automation: Top trends and tips for a successful cash recycling strategy

ATM Marketplace

Despite the growing demand for digital, cash supply remains a major and mandatory part of banks' day-to-day operations. And the fact of the matter is, maximum efficiency is even more important when transaction numbers decline.

Strategy 120
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Are branches going the way of the dinosaur?

Cisco

I fondly recall in the not-too-distant past, Bank of America radio commercials boasting about its branch network. In the lighthearted radio commercial, the person was giving directions and using the location of Bank of America branches as where to turn. This promoted how convenient Bank of America branches were in most places, almost on every street corner like Starbucks.

America 109
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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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Listen: Payment interoperability threatened by legacy technology

BankInovation

Tech and regulatory hurdles stand in the way of a fully interoperable payments environment in the U.S. Consumers increasingly expect an interoperable — seamless and friction-free — payments ecosystem, with several banks and fintechs leading the charge through embedded data sharing and real-time payments (RTP). However, the growth in payments digitization has left many financial […].

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ShockBuster Lobby (explosion deterrent)

ATM Marketplace

This datasheet will provide further information on InfoMAT's exclusive ATM gas/explosive deterrent solution for Lobby units. (3 min.

ATM 67
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Fifth Third President Tim Spence to succeed Carmichael as CEO

BankInovation

Fifth Third Bancorp said President Tim Spence will become chief executive officer on July 5, when Greg Carmichael steps down to become executive chairman. Spence, 43, joined Fifth Third in 2015 as chief strategy officer, the Cincinnati-based company said in a statement Tuesday. Before becoming president in 2020, he was head of the consumer bank, […].

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Ritmo, a provider of revenue-based financing for digital businesses, raises $200M in debt. Ritmo competitors include Uncapped, Pipe, Founderpath, Requr, Silvr, and Vitt.

CB Insights

Ritmo , a fintech company, has raised $200M in debt financing from i80 Group and Avellinia Capital. <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 center-copy "><h4>FREE DOWNLOAD: STATE OF FINTECH 2021</h4&

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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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Bank Automation Summit returns this fall

BankInovation

The Bank Automation News team is pleased to announce that Bank Automation Summit Fall 2022 will take place live Sept. 19-20 at the Hyatt Olive 8 in Seattle. View the Summit agenda. The event is designed to help financial institutions sharpen their automation and digital advancement strategies while offering plentiful opportunities for networking and collaboration. […].

Seattle 97
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Bradesco Uses FICO Platform to Deliver Real-Time Credit Solutions

FICO

Real-time credit solution improves customer experience. Bradesco, one of the largest private banks in Brazil, has used FICO ® Platform to create a digital, real-time, and complete credit solution that has revolutionized the customer journey with instant decisions and optimized pricing. Known internally as “Brain” (Bradesco Inteligência de Negócios / Bradesco Intelligence in Business), the decision management project has reduced the time taken to put projects into production and introduced more c

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MTN's Mobile Money (MoMo) receives banking license in Nigeria

The Paypers

The Central Bank of Nigeria has approved the license for MTN ’s Mobile Money (MoMo) payment service bank in the country, extending its services to wider banking operations.

Mobile 48
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Sri Lanka seeks foreign investment support

The Banker

Sri Lanka is in the grip of an economic crisis. As foreign currency reserves dry up, it is looking to woo international investors, but will they be tempted? Kimberley Long reports.

Report 36
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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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Mastercard using AI, open banking to manage faster payments risk

American Banker

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Tesla to provide solar energy for Bitcoin mining

The Paypers

Blockchain company Blockstream has partnered with payments firm Block and Tesla to create a solar-powered Bitcoin mining facility in the US, according to edie.

Bitcoin 34
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Banks place Major League bets on baseball sponsorships

American Banker

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BridgePay partners with Visa

The Paypers

Transaction gateway and payments solutions provider BridgePay have partnered with Visa to provide network tokenization to its customers for all card brands to all payment processors.

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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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Quontic Bank tests consumer enthusiasm for a payment ring

American Banker

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Thoma Bravo acquires SailPoint for USD 6.9 bln

The Paypers

US-based private equity giant Thoma Bravo has announced it acquires identity management tech company SailPoint , in an all-cash deal worth shy of USD 7 billion.

US 31
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Vanguard to offer financial advice to Amex credit card customers

American Banker

Cards 73
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Kippa offers SMEs in Africa a new digital payment product

The Paypers

Nigeria-based fintech Kippa has announced the launch of ‘Kippa Payments’, a digital payment solution.

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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.