Fri.Jul 01, 2022

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9 tips to help you save money this summer

PopularBank

Summer is the time for long-awaited vacations, camp for kids, graduations, weddings, and backyard BBQs. But with record-high inflation and gas charges nearing $6 a gallon in some parts of the country, most people are looking for ways to save on expenses. Here are 9 tips that may help you save money this summer, so you can have fun without depleting your bank account.

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Oracle adds restaurant payment acceptance

Payments Dive

By partnering with Dutch payments processor Adyen for the new service, Oracle aims to become a one-stop shop for restaurants, an industry analyst said.

Payments 395
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Delivering on the promise of conversational AI verticalization is adding real value to chatbots. Now we need to scale

BankInovation

As virtual assistants—or chatbots as they are commonly called—burst onto the scene a decade ago, many banks saw a tremendous opportunity to lower service costs, deflect calls during peak hours, and offer 24/7 customer support. Early chatbot success in e-commerce encouraged banks to explore ways to leverage them for customer service. The rapid proliferation of […].

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Congress takes on 'bro culture' in fintech

Payments Dive

A congressional task force this week heard from fintech founders and venture capitalists about persistent inequities in funding for female- and minority-founded startups.

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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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Movers and Shakers: Citi nabs Goldman Sachs exec for treasury and trade solutions

BankInovation

Citi has appointed former Goldman Sachs executive Artie Ambrose as head of treasury and trade solutions operations, the bank announced Tuesday. Ambrose was formerly global head of treasury services operations at $1.6 trillion Goldman Sachs, where he helped build the investment bank’s digital banking and treasury business. Ambrose will now focus on scaling operations, reducing […].

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Revolut’s Storonsky says it has enough funding for two years

BankInovation

The boss of Revolut Ltd. said his fintech startup has enough funding for at least two more years and would not be looking to raise money, as venture capital dries up across the technology industry. Nikolay Storonsky, the 37-year-old chief executive officer, said the London-based company is now profitable and “aggressively expanding” in Latin America, […].

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Global Fraud Trends: What’s Happening and What’s Next?

FICO

Home. Blog. FICO. Global Fraud Trends: What’s Happening and What’s Next? Here are the highlights from the fraud trends breakout session at FICO World 2022 with a panel of fraud professionals from Brazil, Turkey and North America. FICO. Tue, 07/02/2019 - 02:45. by TJ Horan. expand_less Back To Top. Fri, 07/01/2022 - 13:40. A lot has changed since the last pre-pandemic FICO World conference, held in November 2019 in New York City.

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OneID becomes digital identity service provider in the UK

The Paypers

UK-based OneID has gotten certification as a digital identity service provider (ISP) under the UK Digital Identity & Attributes Trust Framework (DIATF).

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Flip secures $55 million in Series B extension round

Bank Activities

By Zoran Temelkov June, 2022. The Indonesian consumer fintech platform Flip has successfully completed a Series B extension round, raising an additional $55 million. The total funding secured through Series B round amounts to more than $100 million. The round was led by Tencent, a Chinese tech company, together with Block and the Jack Dorsey digital payments company (previously Square).

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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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Mollie partners with Xentral

The Paypers

Netherlands-based payment service provider Mollie has partnered with Xentral to offer their combiner tech stack of ERP and PSP for ecommerce companies.

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BofA pledges $40 million to help CDFIs finance health clinics

American Banker

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Veriff to provide IDV services to Twisto's BNPL clients

The Paypers

Estonian identity verification provider Veriff has teamed with Twisto , owned by BNPL provider Zip, to provide identity verification (IDV) services for online merchants.

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Why glitches like Bread’s payment outage are riskier now

American Banker

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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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Finastra launches embedded consumer lending solution

The Paypers

US-based Finastra has unveiled its embedded consumer lending solution, enabling access to traditional regulated lending options for consumers at point-of-sale (POS).

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BMO Harris hops on overdraft fee-cutting bandwagon

American Banker

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Careem acquires Denarii to augment remittance services

The Paypers

UAE-based Careem has acquired Denarii , a money transfer platform that integrates fintechs and FIs with remittance aggregators, banks, and wallets.

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U.S. enlists banks' help to keep military tech out of Russian hands

American Banker

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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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GoCardless to acquire Nordigen

The Paypers

GoCardless , a direct bank payments provider, has announced it plans to acquire Nordigen , a freemium Open Banking data provider.

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Investors to wealth managers: What should I do with this crypto I own?

American Banker

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Aliaswire introduces new invoicing capabilities

The Paypers

Aliaswire , a US-based provider of bill payment and credit solutions for businesses and banks, has announced the general availability of new invoicing and payment capabilities for manufacturers and distributors in its DirectBiller platform.

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Toronto-Dominion Bank explores takeover of U.S. brokerage Cowen

American Banker

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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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EU passes landmark MiCA crypto law

The Paypers

The European Commission , EU lawmakers and member states have agreed on a landmark law, known as Markets in Crypto-Assets, or MiCA, designed to make life tougher for players in crypto.

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Regulators should encourage adoption of fair-lending algorithms

American Banker

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Clear Capital delivers APIs for property valuation and risk assessment

The Paypers

US-based Clear Capital has launched two APIs, Property Valuation API and Risk Assessment API to help lenders, system providers adopt modern property valuation solutions.

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CFPB terminates Payactiv’s sandbox approval order

American Banker

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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.