Fri.Jun 17, 2022

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Card fees: the price hike nobody is talking about

Payments Dive

"The Visa-Mastercard duopoly controls about 80% of the market share, allowing them to raise fees indiscriminately and with no formidable opposition," contends Doug Kantor, general counsel for the National Association of Convenience Stores.

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A Tumultuous Week Comes to a Close

South State Correspondent

A Tumultuous Week Comes to a Close. We mentioned on Monday to tighten your seat belt as it could be a wild ride this week and that prediction certainly came true. The peculiar thing, however, is that with all the volatility this week has brought, the 10yr Treasury is practically back where it started the week. The current yield sits at 3.21% compared to 3.16% when the week opened.

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Walmart, Roku partner to evolve shoppable streaming ads 'beyond the QR code'

Payments Dive

The mega-retailer is the exclusive partner on a new Roku feature that allows people to purchase products by clicking on ads with their remote.

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How AI can empower greater innovation

ATM Marketplace

While the use of artificial intelligence has grown throughout several industries in recent years, there is still a great deal of mystery and the "fear of the unknown" surrounding AI. Panelists at the ICX Summit addressed this topic head on.

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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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Bank of America to upgrade client communication in digital app

BankInovation

Bank of America is looking to upgrade its client communications after auto loans are approved as the bank continues to lean on its digital capabilities and more consumers apply for loans through online channels. The upgrade is expected within the next year and comes on the heels of a chat support feature in the bank’s […].

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More Trending

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Citi, Bank of America lead launch of open-market electronic trading platform

BankInovation

Seven financial services powerhouses, led by Citi and Bank of America, launched an independent company this week to create the first open-market electronic trading platform for syndicated loans and collateralized loan obligations (CLOs). The new company, Octaura, is working with low-code software development platform Genesis Global to manage syndicated loans and CLOs electronically, in real […].

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Episode Six partners with Galaxy FinX

The Paypers

Episode Six , a payment and banking infrastructure provider, has partnered with Galaxy FinX , a Vietnam-based new fintech builder that is re-shaping the future of money and banking in the country.

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Best practices for banks scaling to $1B in assets

BankInovation

When approaching the $1 billion asset size mark, banks have more to think about than just popping champagne. Attention from regulators becomes more pronounced, risk across the enterprise is increased, and existing infrastructure can become strained. For banks, technology poses the best opportunity for managing and mitigating these challenges. Jayson Callies has been on both […].

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Entrust acquires Evidos expanding ID verification solutions

The Paypers

US-based security software provider Entrust has acquired Netherlands-based Evidos , a platform for cloud-based electronic signatures and identity verification solutions.

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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: Tech determines customer emotions, intentions by tone of voice

BankInovation

“Your call may be recorded for quality assurance.” Customer service systems often automate call recording and processing analysis, but you can tell a lot by detecting the tone of a conversation. Los Angeles-based Behavioral Signals says its technology is more effective than humans at determining empathy and intention. Rather than attempting to detect the actual […].

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Samsung Pay, a pioneering mobile wallet, gets a makeover

American Banker

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Qenta partners with Netcetera to secure cashless payments in the CEE

The Paypers

Netcetera has teamed with Austria-based payment solution provider Qenta Payment CEE to provide and enable its 3DS technology for the Austrian payment gateway.

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Fixes sought for flaws in US Treasury market as volatility intensifies

The Banker

The US Treasuries market remains vulnerable to more dysfunctional episodes as crises are happening more often, which is heaping pressure on policy-makers to find structural fixes.

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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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Gillibrand-Lummis crypto bill ignores the lessons of history

American Banker

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eBay hints toward live online shopping platform

The Paypers

One of the oldest ecommerce marketplaces, eBay , has announced its intention to launch a live online selling space, with a new dedicated shopping platform for collectibles.

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How a former Adidas exec is transforming BECU

American Banker

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RBC partners with Plaid for data access

The Paypers

Royal Bank of Canada (RBC) and US-based financial services company Plaid have announced a mutual data access agreement, allowing RBC’s clients to share their financial data securely via a direct API with apps and services available on Plaid’s platform.

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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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BNP Paribas shows interest in buying ABN Amro

American Banker

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Visa launches crypto cards in LATAM

The Paypers

The payments player Visa has launched its first crypto cards in the Latin America region – and will debut its new products in Brazil and Argentina via several new partner firms.

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Latest banking news

American Banker

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Ravelin report: 71 per cent of online gambling merchants affected by surging promotion abuse

The Paypers

Fraud detection and payments specialist company Ravelin has released its ‘ Digital Goods Merchant Report 2022 ’, surveying 1,700 international fraud and payments professionals.

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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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Lebanon’s economic crisis drags on

The Banker

Despite banking reforms, an end to the country’s economic trauma remains a distant prospect, writes John Everington.

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Green-Got and ecolytiq launch digital green banking app

The Paypers

French sustainable neobank Green-Got has launched their digital green banking app in collaboration with climate engagement provider ecolytiq.

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Banks push back against SEC’s proposed climate risk disclosure rules

American Banker

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SEC to investigate insider trading on crypto exchanges

The Paypers

The US-based Securities and Exchange Commission have reportedly planned to perform routine checks on the exchange in question or look for specific violations.

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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.