Fri.Dec 17, 2021

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How to Establish Quality Fintech Partnerships

Abrigo

Components of an effective fintech partnership If leveraging new technology is a priority for your FI, ensure these three elements are present for an effective fintech partnership. . Learn top best practices for leading a successful software implementation. DOWNLOAD WHITEPAPER . Takeaway 1 Having a cohesive vision from the top down is critical to a culture of innovation and the successful adoption of new software. .

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2021 GonzoBanker Awards

Gonzobanker

“Accomplishing the impossible only means that it will get added to your regular duties.” –Doug Larson. Gonzo readers, 2021 was just plain schizophrenic. It was a very mixed year in terms of change, expectations, and results. Covid was supposed to be controlled, except it wasn’t. It accelerated the customer move to digital and the employees’ move to some kind of work-at-home arrangement, at least in part.

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Staffing Assessments: Why Financial Institutions Should Prepare for 2022 Staffing Needs Now

Abrigo

Prepare for Future Staffing Needs Now As we transition to 2022, now is the perfect time to analyze current staffing levels at your financial institution. . Would you like other articles like this in your inbox? Takeaway 1 Strengthen your financial institution's culture of compliance through a staffing assessment. Takeaway 2 Now is the time to analyze staffing levels and the risk of losing valuable members of your team. .

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What role will bank branches play in 2022?

ATM Marketplace

With 2022 upon us, we have to ask: what role will bank branches play in the new year? And what role will self-service solutions like ATMs play in these branches?

ATM 101
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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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HSBC, Wells Fargo use distributed ledger technology in FX payment trade

BankInovation

HSBC and Wells Fargo are performing Payment vs Payment (PvP) foreign exchange trade settlements using distributed ledger technology. The system had settled $250 million as of close of business Wednesday, according to Mark Williamson, global head of FX Partnerships and Propositions at HSBC. The solution can settle in as little as three minutes, according to […].

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Deals and Dollars: NYDIG picks up $1B, clears $7B valuation

BankInovation

Bitcoin white-label service provider NYDIG announced Tuesday that it raised $1 billion in a private equity round, propelling the firm to a $7 billion valuation. The funding round comes on the heels of partnership announcements with a range of companies, including with core providers FIS, Fiserv and Jack Henry, and digital banking platforms such as […].

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Taxpayers are once again footing the bill | Brief letters

TheGuardian

NatWest fine | Anthony Trollope | Wordsearch | Grammar UK Government Investments is still the majority shareholder ( 54.7% ) in NatWest, so will it be basically taxpayers who’ll pay most of the £264m fine recently given to NatWest at Southwark crown court because the bank failed to spot that huge amounts of cash deposited in black bin liners might be a bit dodgy ( Natwest fined £264m after taking deposits of laundered cash in bin bags, 13 December )?

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Listen: Weekly Wrap examines wholesale CBDC foreign exchange

BankInovation

In this Weekly Wrap episode of "The Buzz" podcast, the Bank Automation News editors discuss HSBC and IBM's use of distributed ledger technology to conduct commercial central bank digital currency (CBDC) transactions, including foreign exchange settlements. The BAN team also addresses a prediction from the Canadian Prepaid Providers Organization and Aite-Novarica Group that the Canadian […].

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ACCC watches lenders behind on Open Banking schedule

The Paypers

The Australian Competition and Consumer Commission (ACCC) has announced it is actively watching lenders behind on Open Banking schedule.

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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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Listen: Citizens customers want digital banking with a hint of human interaction

BankInovation

Digital banking usage is up at Citizens, with 90% of consumers and 86% of businesses reporting that they use digital channels for their banking needs — a significant increase over usage during COVID-19 lockdowns, says Beth Johnson, chief experience officer at Citizens Financial Group, in this episode of "The Buzz" podcast. Last year, 85% of […].

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SolidProof rolls out KYC and audit services for DeFi projects in Germany

The Paypers

Germany-based blockchain auditing company SolidProof has finalised the development of its auto audit tool and plans to launch the solution soon.

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Large banks play catch-up in cash-flow forecasting game

American Banker

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Biometrics startup Mobai raises EUR 2.8 million in partnership with Vipps BankID and more

The Paypers

Norway-based biometric startup Mobai has raised EUR 2.8 million meant to improve protection of personal biometric data in partnership with Vipps BankID, Sparebank1 Østlandet, KU Leuven, and NTNU.

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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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Facebook's new name was a windfall for MetaBank

American Banker

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EBA publishes final Guidelines to strengthen AML/CFT supervision in the EU

The Paypers

The European Banking Authority (EBA) has published its final Guidelines on cooperation and information exchange between prudential supervisors, AML/CFT supervisors, and financial intelligence units.

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Fed approves First Citizens-CIT merger after long limbo

American Banker

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OxPay partners with BNPL PaySlowSlow

The Paypers

Singapore-based financial services technology provider OxPay has announced a partnership with Malaysian BNPL PaySlowSlow ’s branch in Singapore.

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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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CEO of Hanscom Federal Credit Union in Massachusetts to retire

American Banker

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Western Union and NPCI International sign MoU

The Paypers

Western Union and NPCI International Payments Limited (NIPL) have signed a Memorandum of Understanding (MoU) to strengthen real-time bank account payouts in India.

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Second act for a PPP portal

American Banker

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Astra and Cross River launch Point-to-Point debit transfer

The Paypers

US-based provider of bank-to-bank transfer tech Astra has partnered with fintech Cross River to deliver the first card-to-card instant payment API.

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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.

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Point Breeze Credit Union in Maryland names new CEO

American Banker

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Trustly's solution to be implemented in THG network

The Paypers

Sweden-based Trustly has announced its solution will be added to brand checkouts across THG, a global technology platform company specialising in taking brands direct to consumers.

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Regions continues nonbank buying spree with deal for tech M&A firm

American Banker

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NICE Actimize partners with Sparking Logic

The Paypers

NICE Actimize has partnered with? Sparkling Logic , a provider of decision management systems, to augment NICE?Actimize’s?cloud native?X-Sight financial crime management?platform.

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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.