Payments Dive
MAY 20, 2022
Instead of collecting fees from retailers to move merchandise from their shelves, Zilch is linking with brands like Sephora and Nike to lure consumers looking to finance their purchases through installment payments.
Abrigo
MAY 20, 2022
Meet Model Risk Management Expectations Updates to the FDIC Risk Management Manual should steer institutions toward a model that manages risk and drives growth. Would you like other articles like this in your inbox? Takeaway 1 Aside from meeting examiner expectations, proper model risk management can protect your institution from unnecessary risk. .
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South State Correspondent
MAY 20, 2022
Events in this Cycle Have Happened Fast. With no economic releases today, and no planned Fed appearances, it could be a quiet start to the weekend. Let’s hope. For now, Treasuries are sliding from unchanged to down slightly in price with a rebound in stocks indicated. Whether stocks can hold those opening gains into the close will be another matter altogether.
Abrigo
MAY 20, 2022
Fraud on Alert for 2022 A review of SAR data , government agenc y releases, a nd fraud findings found these f raud c oncerns and trends to wat ch in 2022. Would you like other articles like this in your inbox? Takeaway 1 An Abrigo review of SAR data, government agency releases, and fraud findings revealed fraud trends to watch for. Takeaway 2 The survey topics included fraud prevention tools, frustrations with tools, and what enhancements users would like to see.
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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
ATM Marketplace
MAY 20, 2022
For banks and credit unions, ATM outsourcing is a go-to solution for many of the issues recent changes have brought to the financial institution arena. Here are three ways ATM outsourcing can help your institution overcome the challenges you are facing today.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
TheGuardian
MAY 20, 2022
Speech by head of responsible investing Stuart Kirk dismissed global heating and joked about flooding risks HSBC is under pressure to fire a senior banker in charge of responsible investing after a speech in which he described warnings about the climate crisis as “unsubstantiated” and “shrill”, made light of major flooding risks, and complained about having to spend time “looking at something that’s going to happen in 20 or 30 years”.
BankInovation
MAY 20, 2022
Before inking deals with the nation’s biggest banks and financial institutions, fintech Akoya was focused on secure open finance. The Boston-based fintech, which originated as an application programming interface (API) division under Fidelity Investments, is now owned by several banks, including the $3.24 trillion Bank of America, $2.3 trillion Citi and $1.95 trillion Wells Fargo. […].
CFPB Monitor
MAY 20, 2022
Recently, Professor Jeff Sovern and I exchanged views on whether the CFPB could (or should) add arbitration rulemaking to its regulatory agenda. Professor Sovern has now suggested that the CFPB’s 2015 Study of consumer arbitration would support a new regulation. It would not. The CFPB’s earlier final arbitration rule was overridden by the Congress under the Congressional Review Act (CRA).
TheGuardian
MAY 20, 2022
Building society warns people on lower incomes could face ‘significant pressure’ Nationwide executives have said they are “highly concerned” about the outlook for inflation, warning that rising costs could harm already struggling customers and drag down house prices. In its annual earnings report, the member-owned building society said it had not yet experienced an increase in defaults on loans or mortgages.
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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
CB Insights
MAY 20, 2022
MarketFinance , a business invoice financing platform, has raised $125M in debt. The financing was provided by Barclays Bank, Deutsche Bank, Mouro Capital, and Northzone Ventures. <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
The Paypers
MAY 20, 2022
German banks and savings banks have announced plans to introduce online payment via the digital girocard under the giropay brand.
Bussman Advisory
MAY 20, 2022
FinTech Ecosystem Insights by Bussmann Advisory is our weekly newsletter with over 40’000 subscribers across different social media channels, summarizing relevant news and reports related to ecosystems around disruptive technologies, highlighting key updates from the industry as well as our portfolio companies: WhatsApp introduces commercial services as Meta seeks fresh revenue New Apple Tap to Pay feature spotted Klarna hits 150 million users.
FICO
MAY 20, 2022
In my last post I looked at using predictive machine learning models (specifically, a boosted ensemble like xGB Boost) to improve on Probability of Default (PD) scoring and thereby reduce RWAs. The results were quite impressive at determining default rate risk – a reduction of up to 20 percent. Default prediction like this would make any balance sheet owner happy – empowering lenders to more accurately predict which borrower presents a credit risk.
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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.
CB Insights
MAY 20, 2022
Fetcher , a provider of candidate sourcing technology, has raised $27M in a mix of debt and equity. The Series B funding round drew participation from Tola Capital, G20 Ventures, Accomplice, and K Fund. The debt financing was provided by undisclosed investors. the state of venture report. Download our free report to get the TL;DR on what you need to know about venture funding and trends in Q1 2022.
The Paypers
MAY 20, 2022
Nigeria’s securities watchdog has published comprehensive regulations for the digital asset sector, the first of its kind in the country, according to CoinGeek.
CB Insights
MAY 20, 2022
Xendit , a payments infrastructure provider, has raised $300M in a Series D. This round drew participation from Coatue Management, Insight Partners, and Tiger Global Management, among others. <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="
The Paypers
MAY 20, 2022
UK-based B2B payments specialist Adflex has released Click to Pay to its customers, in partnership with Visa , to augment the checkout experience.
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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.
American Banker
MAY 20, 2022
The Paypers
MAY 20, 2022
The European Commission has published a public consultation (Main Consultation) to gather evidence for its review of the second EU Payment Services Directive (2015/2366) (PSD2), and to inform its continuing work on Open Finance.
The Paypers
MAY 20, 2022
UK-based payment service provider UTP has partnered with acquirer Paynt to launch tapeeno, a SoftPOS product.
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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
MAY 20, 2022
UK-based EMI Jeton has selected Konsentus Verify to protect its customers from unauthorised third parties gaining access to valuable account data and funds.
The Paypers
MAY 20, 2022
US-based Alloy has launched Alloy Embedded to facilitate brands connect ecommerce tools and leverage data across marketing and logistics apps.
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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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